diff --git "a/reddit_finance_43_250k_48.txt" "b/reddit_finance_43_250k_48.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_48.txt" @@ -0,0 +1,10000 @@ + +​ + +Okay! + +​ + +​ + +https://preview.redd.it/v683nyijkmt71.png?width=623&format=png&auto=webp&s=14f931dd9d44140aa6ea3305d69cecd628e5707f + +​ + +https://preview.redd.it/flxtfd8nkmt71.png?width=624&format=png&auto=webp&s=5c9a278e25f95250633d3a4e771cdedc2022bc06 + +From Kenny’s wiki + +https://preview.redd.it/9td3wqhokmt71.png?width=624&format=png&auto=webp&s=a61617ee9a6c01c83ad57803dbf60bbf3a3bb6d7 + +​ + +https://preview.redd.it/qx9l71kzsmt71.png?width=651&format=png&auto=webp&s=f3d0c43921f7d4e06d8a40c44908206bea9b8bc5 + +​ + +https://preview.redd.it/zo1od1frkmt71.png?width=624&format=png&auto=webp&s=f4fec4d6affaf3e0241c210b7755fd0836bd56e8 + +You cannot make this up folks: + +Last, but not the least + +Who donated to her? Check out number 27 + +https://www.opensecrets.org/members-of-congress/contributors?cid=N00046125&cycle=2020&recs=100&type=I + +​ + +https://preview.redd.it/q4gkfmetkmt71.png?width=254&format=png&auto=webp&s=d5ea6aa824be892c4a18ef2764c7a270abd5a229 +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 + +​ + +Okay! + +​ + +​ + +https://preview.redd.it/v683nyijkmt71.png?width=623&format=png&auto=webp&s=14f931dd9d44140aa6ea3305d69cecd628e5707f + +​ + +https://preview.redd.it/flxtfd8nkmt71.png?width=624&format=png&auto=webp&s=5c9a278e25f95250633d3a4e771cdedc2022bc06 + +From Kenny’s wiki + +https://preview.redd.it/9td3wqhokmt71.png?width=624&format=png&auto=webp&s=a61617ee9a6c01c83ad57803dbf60bbf3a3bb6d7 + +​ + +https://preview.redd.it/qx9l71kzsmt71.png?width=651&format=png&auto=webp&s=f3d0c43921f7d4e06d8a40c44908206bea9b8bc5 + +​ + +https://preview.redd.it/zo1od1frkmt71.png?width=624&format=png&auto=webp&s=f4fec4d6affaf3e0241c210b7755fd0836bd56e8 + +You cannot make this up folks: + +Last, but not the least + +Who donated to her? Check out number 27 + +https://www.opensecrets.org/members-of-congress/contributors?cid=N00046125&cycle=2020&recs=100&type=I + +​ + +https://preview.redd.it/q4gkfmetkmt71.png?width=254&format=png&auto=webp&s=d5ea6aa824be892c4a18ef2764c7a270abd5a229 +I love precautionary tales and was wondering if anybody had any good stories about people they know who had enough to FIRE and then somehow lost it. Having grown up poor as shit, I'm always paranoid I'll live up to the stereotype and lose it all somehow. + +To start: I know a guy who founded a B2B sales company and had an easily verifiable networth of about $10-$12M after his exit. About 2 years ago his wife divorced him and took almost exactly half. + +That same year, he lost a mid-6 figure sum when his rental property (without flood insurance) was flooded. His annual burn stayed about about 300k despite the above losses and we lost touch shortly after he crashed into a parked van while driving drunk. + +I caught up with his story this month after learning there was a family in the parked van and the settlement was about $1.5M. During this time he also self-funded a new startup which floundered due to unscrupulous partners, mental health issues, and alcohol problems. + +He recently contacted me trying to sell me MLM-type financial products through Amway and said it was to fund his legal battle to get his kids back now that he cant afford to pay lawyers on his own. The address he gave me was an apartment block in a crappy part of town. + +Anybody else have any good Tyson-esque stories? +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) +Ok so I'm on a learning journey of personal finance so bear with me and forgive my ignorance. + +What is the point of getting a credit card in the EU (specifically Spain)? As far as I know, there isn't a credit score schema in most countries in the EU like in the US, which would help in getting loans and what not. + +I know there are some things you can only do with a CC, i.e. renting a car, but other than these non-essential benefits I'm not sure why else I should get one. + +From my POV, all a CC does is to entice people to spend money they don't have. + +Am I missing something? Should I get one? +Why not sell at a loss now? + +This is what has got me confused. Assuming you are near term bearish and believe prices will fall before recovering, why do people still buy and hold? + +Here's a scenario. +1) you bought 100 shares of SPY at $420, spending $42000. +2) Let's say SPY currently trades at $380. You sell and get back $38000. Loss of $4000. +3) SPY drops to $360. You use $36000 to buy it back and keep the $2000. +4) if SPY goes back to $420, you make that $2000 and you still have those shares worth $42000. +5) you are net ahead by $2000 in this case. If you have done nothing at all (aka hold) and SPY goes back to $420, you would have not earned anything. + +I've ignored the tax benefits of tax loss harvesting. You could technically wheel it back by selling ATM puts at the same strike for which you sold SPY for and profit from the premiums regardless. Or potentially hedge this action (i.e. selling the shares) by buying a call and selling a put + +Am I missing something here? Why buy and hold if you are near term bearish? + +ADD: No wash sale rules apply outside of USA. +I'm a Jan 21 ape. I've been here for a lot. Remember how GME climbed everytime DFV spoke during the hearing? I do. That shit was epic. I bought more when he doubled down. I bought again when he said "farewell." Its been a ride. + +I nabbed my first shares around $310. I just wanted to be here for it. Then they smacked it down to $38 and I did the smartest thing I've ever done in my life. I loaded up as much as I could. I scrambled for money every way possible and impressed myself at how much money I was able to scrounge up in a panicked fury. Humble numbers for most, but impressive for me. + +I've since gotten a new job and my position has grown to a number I'm content with. The money I have in this is more than I've ever seen in my life. + +Which brings me to my point. What I have in this is not inconsequential to me. In fact, it would make a huge difference in my life. That being said, if it were to all disappear, nothing would change for me. I've always been broke. I graduated in 08 to a freshly incinerated economy, worked minimum wage, climbed my way up to something decent but only a homeless man would deem successful. I'm thankful for what I have, but I'm nothing to be jealous of. If I lose my investment, life just goes on as it always has. + +I believe most of us are in a similar position. We are just cogs in a machine waiting for one chance to have a life worth talking about. I'm amazed at how fervently GME's investors have stuck with this at every price point. If you are reading this you've probably bought throughout this entire journey, much like myself. + +That is why GME's investors will win. They invest with dedication, frivolously, throwing caution to the wind, and in spite of everything telling you that you are wrong. You've bought at $400, $38, and everywhere in between. No other stock has had this dedication. No other stock has had this relentless buying, voting, and most importantly, DRSing. + +If you lost your ass on this, would it sting? You bet. Would you like to touch the money you have invested? Of course. But you wont. I know you wont. I've day dreamed about what I could do with my investment but the thought of actually selling gets a no from me, dawg. Everytime. I'm not alone. Either I walk away a made man, or I'm not leaving. There is no alternative. + +Too much spoken of a year ago has come to pass. Look at where we are now. We were talking about a crash while the market was making still making ATH. We spoke of NFTs before we saw the job listings. Gamestop crowd sourced us for new ideas which they actually implemented. A forum on the internet has collectively unmasked a mountain of fraud and manipulation. We all contributed in some way even if all you did was upvote something to help it garner more attention. + +Anyways. + +Look. I've got nothing to lose, and I'm in it to win it. Do you know me? I think you do. +I have 60% section 8 tenants. Section 8 is paying rent through this crisis. About half of my non-section 8 tenants have contact us to work out a payment deferral agreement with me. + +We are able to retain 80% of our income during this crisis. Where otherwise we could’ve lost half. +Hey economists, + +I recently read up on Piketty's arguments as to why capital inequality appears to be a growing problem in the West. With limited knowledge on economic matters, and therefore purely intuitively, I'd say that if capital accumulation remains under addressed we will gradually move to a state in where family wealth will become a sharply growing variable for social mobility and prosperity. + +To me, this growing schism between those who have and those who have not intuitively feels like a multi-generational pyramid structure, because passive capital generates passive capital. + +I have read right wing critiques on Piketty's claims, the most prevalent being that he doesn't provide evidence that this inequality is necessarily a bad thing if it allows for lower and middle class citizens to prosper alongside it. But I'd argue that with the growing social unrest (e.g. the yellow vests and generalised political rage under the working class) the evidence of it being a bad thing is quite likely, even though I lack precise causative evidence. + +My questions are as follows: what is the consensus of economists regarding capital inequality? Do they see it as a problem? Why or why not? Furthermore, if this is a problem, what legislative solutions could be implemented to level the playing field for each generation to have comparable social mobility and capital as the generation that came before? Moreover, is there evidence of markets self-correcting this tendency for capital inequality? + +Regards, +A guy that likes to learn +12-6 months ago I got invited in pump and dump groups because I knew somebody that was in one or I was considered a relevant member on specific slacks/discords. + + +I never joined them because I always realized that the only people profiting in pump and dump schemes are the pump and dump creators themselves. Before they tell you what you should pump, you realize that you're pumping the coins they are selling. + + +Now even on reddit I am bombarded with invitations to pump and dump channels promising 100&#37; returns/week. + + +Don't fall for that. If somebody has a secret way to make money, he doesn't want to publicize it, unless you're needed to bring and risk your own capital in the first place. +As expected, the team is living up to its expectations and they have already started their marketing campaign. There's currently a live billboard up in New York City, Time's Square, and it's been paid for an ENTIRE month! + +&#x200B; + +See it on video here: [https://twitter.com/erdemozturk84/status/1398994003836735491](https://twitter.com/erdemozturk84/status/1398994003836735491) + +&#x200B; + +This is just the start. The team has confirmed that they are in talks with TikTokers (one which has 8.8M followers), Crypto influencers, Mainstream Media (they will be featured in multiple publications) and they're aiming to get billboards up in different cities as well. Plane banners are also scheduled and should come shortly, according to the devs. + +&#x200B; + +That's only Marketing. The devs are working on multiple fronts, including setting their own LLC up as it's needed for larger Centralized Exchanges listings, working on a dApp suite, NFTs, and even a brand new website (Version 3) which will be completely redesigned and will include beautiful graphics and animations. I suggest you check out the website as there's a roadmap there - also, the devs are doxxed and the coin has been audited twice. CertiK, the most trustworthy and reliable auditor for cryptos, rates it as safer than SafeMoon. + +&#x200B; + +There's been a couple of huge sells today, you might want to consider this as a good entry point as multiple things are on the horizon for UltraSafe and the entire crypto market itself looks like it wants to recover. + +&#x200B; + +Links: + +&#x200B; + +The token's website: [https://ultrasafe.finance/](https://ultrasafe.finance/) + +Official Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) +Good evening you pieces of shit, + +Why do you keep doubling down on your short positions? Why are new hedge funds are coming in and scooping up new short positions? What the fuck are you shitstains on society doing? What the fuck is wrong with you? Do you understand who we are? + +We don’t fucking play here. We lose money for fucking breakfast. Every day. And then we come back and lose even more fucking money. We buy out of the money weeklies on fucking THURSDAYS. We don’t give a fuck. This is what we do. We do this. We don’t fucking play around. We come here to risk it all. We come here to YOLO our children’s college funds away just to post memes about it. + +Your plan was really just to put us in a position where all we have to do is hold SHARES? Say less fam. I haven’t owned a share in four years. I sold AAPL AMD and ENPH calls last week just to buy shares of GameStop and fuck you up as much as possible so we can make memes about it. + +Double down, triple down, quadruple down, take every penny of your rich boomer clients money and put it on the table. Sink the entire already artificially propped up economy over it. We know you will. And because we know you will, we are going to make you do it. Just like the coyote blindly chasing the roadrunner off of a fucking cliff. Chop off your whole head to spite your face. + +Take all your boomer ass money and put it on the table. We are here for it. My shares are available for $10,000 before 6 pm today. For every hour after that, Im asking another $250. Go fuck yourself. +I just finished watching a few YouTube news articles about the working homeless in the US. Basically older people who work full-time but low paying jobs but can't afford rent, or get denied rent due to past evictions (in some states you can get an eviction notice if you are late by only five days and it then if evicted the record stays on a publically accessible record). They and their family live in their cars or cheap motels. Charities set up medical weekend's that treat homeless people, the scale of which would rival a wartime field hospital. Everything from GPs to dentists where you get teeth removed in one room and a denture in the next. So unless you're in a well paying, secure job, the US of A is the land of the free...if you're rich. + +Whereas in Aus, the great dream has now become to have multiple IPs and a share portfolio. The videos gave me some perspective about life. +[Part 1, found here](https://www.reddit.com/r/Superstonk/comments/zipee3/bullish_q3_earnings_call_overshadowed_by_sub/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**Next,** filings of Teddy Holdings—which, screenshots were taken down by Reddit legal, show that the entity is a bank. Holdings companies are not usually structured as banks unless an infrastructure is in place to allow for it to operate as such. Well let’s read what a holding company is: + +>A holding company is a parent business entity—usually a corporation or LLC—that doesn't manufacture anything, sell any products or services, or conduct any other business operations. Its purpose, as the name implies, is to hold the controlling stock or membership interests in other companies. [Source](https://www.wolterskluwer.com/en/expert-insights/using-a-holding-company-operating-company-structure-to-help-mitigate-risk#:~:text=A%20holding%20company%20is%20a,membership%20interests%20in%20other%20companies.) + +If the theory holds true that Teddy Holdings is a bank, they’d become the pseudo-Lender of Last Resort cause of moass, as they could potentially pay out the dividends at whatever price apes set as well. 🤞🏼 + +Last but not least, remember the OverStock case and how they released crypto dividends to shake off the shorts? Well the company CEO started a venture into crypto around [2016](https://newsbtc.com/news/overstock-equity-t0-blockchain/amp/), received an injunction in 2019 (told to stop until court proceedings were over), and had to prove that the crypto-dividend was a [legitimate business purpose](https://cointelegraph.com/news/court-tosses-out-short-sellers-lawsuit-targeting-overstock-s-digital-dividend/amp). Well, by September 30, 2020, it was reported, a year after the case filing, Overstock can distribute their crypto dividend payment. During that same time, Ryan Cohen disclosed 10% stake in the flailing GameStop and we can say now, shit is getting serious. + +Now peep this, Overstock provides their dividend on a blockchain on the tZero platform. On Gamestop’s end, when this was first posted, it was marked inconclusive, but when we learned about https://exain.gamestop.com/, a potential +financial portal, it had everyone’s ears for the moment, however, after a set of odd explanations in the discussions of the comments, nothing was substantiated. But hey, anything is possible right? A possible financial portal where you can interface your GameStop wallet and off-ramp your earnings from the Bank of Gmerica? + +But here’s another twist of the knife into the shorts. GameStop pulls their credit rating. Why? Pulling your credit rating is usually performed when you decide you want to undergo bankruptcy, Chapter 7/11.. or perform merger & acquistion. Well, bankruptcy is certainly off the table. So an M&A, is likelier and, would potentially allow GameStop to create a spin-off company. What about the shares? Why put it in the hands of the DTCC, when you can use Loopring’s [global stock exchange courtesy of an approved patent](https://uspto.report/patent/grant/10,354,236). + +So to sum up using a math equation: ABL Credit facility + Holding entity classifed as a bank + NFT marketplace = legitimate business purpose for NFT dividend. All placed in an [alternative trading system](https://www.investopedia.com/terms/a/alternative-trading-system.asp) on the Loopring blockchain. + +If this NFT dividend is too cost prohibitive, it will create panic and force shorts to close because they don’t want to be on the hook for paying out millions of dollars for every NFT dividend. + +Tokenizing stock securities and keeping them out of the hands of the DTCC keeps the shorts locked in with us. + +On top of everything GameStop has accomplished, they allocated time and resource to build out, re-engineer, and repurpose their legacy business, while SIMULTANEOUSLY innovating on the web3 front. + +Not saying that it is; yet, things sure seem to be lining up for an NFT dividend distribution. + +Edit: Added words for clarity. + +gg shorts. + +hang the fuck on the rest of y’all + +buy drs shop hodl + +moass is definitely tomorrow + +🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I had been placing trades on mt4 last night while the market was extremely volatile and managed to take in £7000 profit. I then instantly submitted a withdrawal request. Woke up this morning to an email saying I didn’t have the funds to withdraw. Turns out that a trade was made without my knowledge, thus losing my money. The trade says correction on it. I contacted the support team and this was their response “Please note that we experienced pricing issues with one of our liquidity providers. The issue was identified and is currently being resolved”. Any ideas on what is happening? +**This mature semiconductor business has lost the Apple contract. After a substantial short-term hit, can they continue growing slowly and steadily?** +\-- + +Intel Corporation designs and manufactures essential technology for the cloud, smart, and connected devices industries worldwide. The company was founded in 1968 and currently has its headquarters in Santa Clara, California. The company operates through six main segments: + +1. **Data Center Group** — 33.75% of revenue — Developing workload-optimized platforms for computing, storage, and network functions. These include their cloud service providers, enterprise and government data centres, and communication service providers. +2. **Internet of Things Group** — 3.89% of revenue — Developing high-performance computing for retailers, manufacturers, healthcare, energy, auto, and government. +3. **Mobileye —** 1.25% of revenue — Driving assistance and automation with their Advanced Driver-Assistance Systems (ADAS) products. +4. **Non-volatile Memory Solutions Group —** 6.93% of revenue — Computer memory and storage products. Customers include enterprise and cloud-based data centres, business and consumer desktops and laptops. +5. **Programmable Solutions Group** — 2.4% of revenue — Programmable semiconductors for communications, data centres, industrial and military purposes. +6. **Client Computing Group** — 51.79% of revenue — Platform products and personal computing parts. + +[Client computing and Data Centers are over 3/4 of the group's revenue](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1f2080dd-b2c5-4761-a751-25d2785aee3b_1988x990.png). + +Intel is a US-based company that serves the global market. It gets 26% of revenue from China, 22.9% from Singapore, 21.3% from the United States, 14.9% from Taiwan, and 14.9% from other International markets. + +\-- + +**The Company** + +Market Cap = $226.69B +Total Debt = $35.88B +Cash & Equivalents = $22.40B +Enterprise Value = $238.66B +Shares Outstanding = 4.038B +EV/Sales (LTM) = 3.1x + +Since Gordon Moore and Robert Noyce founded the company in 1968, Intel has grown to become the world’s largest semiconductor chip manufacturer by revenue. The name comes from a contraction of “*Int*egrated *El*ectronics”. The company was the first to develop S/DRAM memory chips, and these represented most of its business in the early years. + +Through the 1990s, the company invested heavily in microprocessor design and helped to drive the rapid growth of the personal computer industry. Regrettably, for punters late to the party in ‘99/’00, investors had already bid the stock price up exponentially in the tech bubble. These late punters paid the price during the ensuing collapse and period of price stagnation. + +[Investors bid up Intel’s shares and then wiped them out through the tech bubble.](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa5699c62-f84c-4eb1-8df8-7568c261a101_2400x1164.png) + +After the tech bubble collapsed, growth in demand for microprocessors began to slow, and Intel’s competitors (most notably AMD) began to etch away at their previously dominant market share. An attempt by then CEO Craig Barrett to diversify the company’s business beyond semiconductors fell flat, and revenues stagnated for a few years. + +[Over the long term, Intel has continued to grow. The stock price is still below where it was during the height of the tech bubble, even though revenues and EBIT are almost double what they were then.](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff0b7fd4c-5bd0-4f8e-8b84-2a53219ab442_3600x1747.png) + +Then, in 2005, Paul Otellini, then CEO, re-focused the company on their core processor and chipset business and signed a deal with Apple to provide the processors for Macintosh computers - a big win for Intel. Over the following 15 years, successful iterative improvements of the company’s technology and the continued rapid growth of Apple helped Intel grow. + +Intel is a mature company with a dominant position, long-term stable margins, and slow structural growth. + +[Long-term stable margins and slow structural growth](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fab8f5259-a0d5-4018-84e3-a9a2add3c701_2400x1166.png). + +\-- + +**The Story** + +*This mature semiconductor business has lost the Apple contract. After a substantial short-term hit, they will continue growing slowly and steadily, while their leading position and manufacturing capabilities will help them defend margins.* + +**Growth:** Intel has had an average CAGR of 5.7% since the mid-2000s. This growth has been broadly in line with market growth over this time and shouldn’t be a surprise given Intel’s dominant position, size and success of Apple products. + +However, looking forward, given that Apple announced it is transitioning away from Intel processors to in-house ones, we think this will deliver an immediate hit to revenues. Analyst consensus is for an FY21 loss of revenue of 6.7%, and we believe this is about right. + +Further, economists estimate that the global client computing market and cloud data centre markets will grow at 0.1% and 19.0% CAGR, respectively, over the medium term. Based on Intel’s segment weightings, this suggests ongoing medium-term market growth of 5.8%. Given the loss of the Apple contract and the fact that Intel has fallen behind on manufacturing, we think that medium-term growth is likely to be closer to the company’s fundamental growth rate of 2.45%. + +**Margins:** Intel has had an average R&D adjusted operating margin of 28.68% over the last ten years. This margin is far above the industry (weighted by segment) average of 14.62% over that time. Over the TTM, the company’s margin was 29.91%. + +Intel’s leading position in the microprocessor has helped them scale up and defend margins. The enormous R&D and capital investment required to extend manufacturing processes and capacity for new products act as a consistent call on capital. They have helped act as significant barriers to entry. Intel is now one of a handful of remaining semiconductor companies with the capacity to manufacture chips internally. + +Given this position, we expect Intel to maintain its current average margins by either pushing higher costs through to customers or improving manufacturing processes. + +**Net Reinvestment:** We expect Intel to remain an extremely capital intensive business (generating $0.61 of revenue per dollar of invested capital), especially compared to the industry ($1.71 of revenue per dollar of invested capital). Moreover, we expect their extraordinary R&D requirements, which have averaged $13.5B p.a. over the last five years, will not diminish. + +**FCF:** But, given how profitable the business is, we expect it to remain highly FCF generative. + +**Cost of Capital:** Intel is a semiconductor and electronics business (66.2%) and a cloud services business (33.8%) serving China (26%), Singapore (22.9%), the United States (21.3%), Taiwan (14.9%) and other international markets (14.9%). + +The company has a 0.2x average operating leverage ratio and a 15.7% D/E ratio. Moody’s has assigned Intel an A1 credit rating, which is the same as our long-term synthetic rating but lower than our short-term rating of Aaa. We’ve gone with the former because we agree with Moody’s reasoning: + +>“Despite Intel's strong credit metrics, the rating is constrained by the relatively high operating and technology risk associated with leading-edge semiconductor design and manufacturing, and the volatility inherent to the semiconductor sector.” +— Moody’s Investors Services, 21 Sep 2020 + +Moreover, the A1 rating drives the low (1.08%) chance of distress. + +**Other Assets & Minority Claims:** Intel has $17M worth (at book) of investments carried under the equity method, $6.8B of investments held at fair value, and no minority claims outstanding. + +**Debts & Other Claims:** Finally, the company owes $35.6B NPV in debts and leases. + +\-- + +**The Valuation** + +The company reports in USD. Accordingly, we have valued it in USD. + +**Growth Rate:** 2.45% +**Stable** **Margins:** 28.68% +**Cost of Capital:** 7.05% + +[Valuation Model Summary Output](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fe858e3d6-44a4-4132-9cd0-2dc090d934fc_3300x2132.jpeg) + +**Valuation Model Output:** +Estimated Intrinsic Value/Share = $63.02 + +**Monte-Carlo Simulation Intrinsic Value Percentiles:** +90th = $88.50 +75th = $77.78 +50th = $65.87 +25th = $53.97 +10th = $43.25 + +\-- + +**Market Price & Rating** + +Market Price = $56.14 +Estimated Value = $63.02 +Price/Value (%) = 89.1% + +[Stock Price & MC Simulation Percentiles](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3cac1719-e0e2-4654-b04d-73245c6e5ff9_1954x1208.png) + +Monte-Carlo Price Percentile = 29% +Likelihood Overvalued = 29% +Likelihood Undervalued = 71% + +Rating At Current Price = HOLD/ADD + +See more of this research [here](https://valuabl.substack.com/p/intel-corporation-intc-a-valuation). + +\-- + +**Disclaimer:** +This publication is not financial or legal advice. This research is an independent analysis. +I understand that we have a set economic system that works in a certain way, and sometimes that means inflation. The part that confuses me is why. If we built an economic system to work the way it does, why can we not have one that works without having inflation. I also don’t understand why socialism is good on paper but not in actual practice. +In this [article](http://www.politifact.com/truth-o-meter/statements/2017/feb/25/donald-trump/why-donald-trumps-tweet-about-decline-national-deb/), Politifact evaluates the claim that "**President Trump Cuts More US Debt for a Longer Period of Time Than Any President in History!**" + +And I will quote from Politifact: + +"*On January 20th, the day of the Trump Inauguration, the US Debt stood at $19,947 billion," the Gateway Pundit website reads [ [read it here](http://www.thegatewaypundit.com/2017/08/another-record-president-trump-cuts-more-us-debt-for-a-longer-period-of-time-than-any-president-in-us-history/) ]. "On February 21st, a month later, the US Debt load stood at $19,935 billion. Trump cut the US Debt burden by $12 billion and 0.1% in his first month in office!*" + +"**The numbers check out. And in fact, the total public debt has dropped another $22 billion since the Gateway Pundit article published, according to data from the U.S. Department of Treasury.**" + +And then they say, and I quote: + +" *"Considering that Trump hasn’t enacted any fiscal legislation, it’s a bit of a stretch for him to take credit for any changes in debt levels," Dan Mitchell, a libertarian economist and senior fellow at the Cato Institute, told us."* " + +" *"Debt levels go up and down in the short run based on independent factors such as quarterly tax payments and predetermined expenditure patterns," he said.*" " + +So they rate this as "Mostly False". + +What do you think? +Two years ago, they were great, with great content and a genuine feel of wanting to help and get you up to speed +Now , the are so.... gimmikey and commercialized its hard to trust any word they say +How would you handle 200,000 dollars to maximize future returns? I inherited a life insurance policy and am attending medical school. Should I pay my tuition and living expenses to minimize debt, or should I invest to make my money work for me over time? +there are many back tests and theory crafting about how buy and hold beats active trading. if that's true, then wouldn't buying 0.8 delta leaps be the solution to beat buy and hold?? + +example: spy is around 420. buy 2 340c dec 23 leaps for 10k each. save 22k for selling naked puts on SPY, and the rare chance when market tanks and you need to roll out the calls. you just got yourself a DIY 2x spy etf plus income out of selling puts + +edit: alot of comments point out about getting wipe out when a crash happens, the leaps would be gone. I would like to point out if you're not buying 100 shares as per above example, you have many ways to manage due to having free cash and cash flow via selling naked puts. the extrinsic value paid could've gain back via premium received from the naked put + +when market crash happens and IV shoots thru the roof, don't forget your leaps would worth quite a bit of money as well. some of us would've experienced it during March 2020. it would take patience and bravery to ride through the crash, but it can be done especially if you have cash reserves like above example + +the point of this post is that many are too fixated about not beating the index long term. personally I don't think it's a monumental task given the tools available on the cheap (leverage, free resources, low/no commissions, etc). one would need properly executed plan and proper risk management and competing index performance should be doable +Title + +Just don’t see why the trolls are choosing to hate on this subreddit, it’s just regular people. + +The majority here work regular jobs, probably with a skew towards software, in their 20-30s, male, in the US, with some doctors thrown in. Most probably bought their first property within the last 5 years. + +I think it’s another case of the .1% successfully keeping everyone fighting amongst themselves + +I own and I rent myself. My landlady isn’t stealing from me. I get a place to live, utilities, maintenance, and everything done for me with 0 stress. I can leave for months at a time without worry. I don’t want to live in this city forever so I don’t have to worry about buying, paying a lawyer, appraiser etc. on the buy side and a realtor etc. on the sell side as well as taking on the risk of prices falling. It’s mutually beneficial. + +18 year olds buy houses in my city working regular jobs. There’s nothing special about it. + +If you’re priced out of Vancouver, SF, or Manhattan and not in a 1% career, you’ll always be priced out. Most people in this subreddit can’t buy there either. +On a related note, we really need to fund ICOs in stages as they reach new milestones, not a lump sum at once. Will this ever become the standard or will FOMO drive all our decisions till we self implode? +Here is what I cover in the course. + +* Visualizing the life you want +* Delayed gratification +* Savings plan as a % of income +* Compound interest +* Stocks/Index funds +* Retirement accounts +* Employer matching +* When buying a house makes sense +* FIRE + +What else should I teach these 18 year old college students about money, investment, finance or wealth? + +EDIT: Lot of people are mentioning great things. I will compile them in a list here soon. Thanks! + + +Okay, folks had a lot to say, but here are the topics that were repeated most often that I think would fit in with what I am already teaching in the course: + + +Credit/credit cards/credit scores/good debt vs bad debt + + +Student loans. Some suggested to take no more than 1 years salary. + + +Emotional reactions to money (people borrowing money, sunk cost fallacy, keeping up with the Joneses, etc.) + + +Taxes/tax brackets + + + + + +&#x200B; + + + +Everyone seems to be talking about Bitcoin shitting the bed come August, [but the last 1000 blocks show 87% SegWit2x intention and growing](https://coin.dance/blocks). I think a chain split might only happen in the very short term (or not at all in a best case scenario). Although a lot of people might be opposed to this solution, I think the majority of Bitcoin backers value their money more and would definitely compromise some of their ideals/expectations. + +So what happens if consensus continues to lean predominantly towards SegWit2x, and Bitcoin ends up with one clearly dominant chain after the forks? + +&nbsp; + +I think we will see a bull run that makes the last pale in comparison. Not only will all the pulled fiat from the last run be coming back in, but even more fiat from those same investors, and new investors. I really believe that we will see the craziest FOMO rush of all time if post SegWit Bitcoin can prove to be stable, and almost every coin will experience absurd ATH's. We've already seen what kind of returns one can get from their investment in the crypto space, even with Bitcoin's looming difficulties ahead. Now imagine what kind of bull run we will see with these difficulties removed, and current mainstream attention? A win for Bitcoin in August is a HUGE win for the entire crypto space in proving blockchain technology's resilience and ability to organize efforts to move forward in the face of adversity. **This will be disruptive as fuck.** + +&nbsp; + +Just my 2 cents on what I think will happen. +Hello Everybody, + +As many of you know we have been doing a lot of research into the FTDs, ETF shares creation, and swaps that support these quarterly moves. + +After the failure of price action to be realized through. Most of December and January, I will cover what went wrong and what went right later in this DD. Move forward and apply the failures in expectations to future outlooks. + +There is a lot of hype built around this week, with expectations high I wanted to ensure to the best of my ability that not only did market mechanics point to an improvement in price this coming week but that volume, trend, stochastic and price analysis indicated it as well. + +In an effort to be as absolutely certain as the data available would allow. + +# What is OPEX? + +OPEX is a bit of a misnomer, it is technically the Options Expiration (OPEX) of ETF and Index options. These actually occur every month but the quarterly options dates are the ones that effect GameStop primarily as the majority of institutional options interest in ETF and Indices is quarterly. + +These occur per the [CBOE Calendar](https://cdn.cboe.com/resources/options/Cboe2021OPTIONSCalendar.pdf) on the 3rd Friday of every month. + +We however are only concerned with the quarterly expirations, which occur in + +Feb/May/Aug/Nov + +So why do these events which have very little to do with GME have such a great effect? + +Well due to share creation in ETFs and lack of interest in borrowing real shares of GME in order to deflate the overnight borrow rate. The vast majority of shares sold are synthetically created by Authorized participants. + +As creation/redemption builds in GME containing ETFs large numbers of puts are sold to mark long (Reg T) the net short allocation due from the AP. + +It is then likely swaps are used by the fund themselves to offset the debit from creation. + +So if XRT is -250,000 shares of GME and they have forwards or an (agreement to buy those shares at a future time based on the current "spot" price (market) ) Then their position is considered neutral. + +Let me show you visually. + +[Yeah I know It's super fucked up, the SEC has been aware of this since 2011...](https://preview.redd.it/0vpzst3fn5j81.png?width=2038&format=png&auto=webp&s=944bd0070e3d5a91bcb738dae2801e29caa51a29) + +>(WARNING: The things contained in this document are upsetting, to say the least) +> +>The whole thing is a solid read but pg.19-26 are the juiciest. +> +>SEC [File Number S7-16-15](https://www.sec.gov/comments/s7-16-15/s71615-60.pdf) +> +>**If you ever wondered why doesn't pickle DRS, this document is a primary reason.** + +*\* Edit 1:* + +*Since a lot of the people in the comments are asking me to clarify why this documentlowers my confidence in DRS. Also, because I see a lot of misinformation surrounding it and want to be 100% clear to avoid confusion.* + +* *The share creation process in ETFs and the ability of Authorized Participants to do this essentially as long as GME is held in ETFs* ***without facilitating a locate of real shares***\*. It is unlikely that anything short of 100% share registration could force a squeeze or stop shorting on GME. As long GME volume remains low it is likely this abusive system will continue to be used. The benefit being that we have large unstable price increases every quarter.\* +* *As long as shares are held in ETFs by institutions even with 100% registration this system could continue.* ***To be transparent on this point most ETFs do not allow this abuse, it really seems that XRT and a few smaller ETFs are the primary source of corruption.*** +* *It tells me that multiple institutions including the SEC and DTCC are aware of the problem and likely already aware that the float of GME is fully owned, and have yet to take any action.* ***It presents systemic risk***\*...meaning if the process were to be stopped or accounted for it could very well bring down the structure of the entire market.\* +* *Some people in the comments addressed T+5 (it's actually not 6, but since settlement is delayed till the following morning T+6 is used for ease of understanding). I show clearly above how they sell short puts on the ETF to mark long the FTDs which adds 35 calendars to the settlement time (Reg T) then cash settle the FTDs with the ETF. Effectively never returning the synthetic position at least not in the form of stock. The obligations then go on to cycle through CNS until such a time as they are cleared. ETFs have an effectively unlimited free-float, are highly liquid, and thus it is easy to clear FTDs in them.* +* *GME ownership has no effect on ETF FTDs or ETF settlement, while this process effects the "fair valuation" of GME there is no way to effect and obligation due to a different asset. This process is criminal, as it defrauds the investors of the ETF and also the investors of the underlying assets.* +* *Essentially ETFs create unlimited liquidity* +* ***I do however agree with Dr. Trimbath, that DRS empowers the individual shareholder and can protect the stock from the effects of abusive short-selling.*** *Unfortunately this process is abusive selling and not short-selling. The difference being short-selling requires a borrow.* +* *I think that Ryan Cohen is already doing the one foolproof thing to stop abusive short-selling and that is building a company that isn't worth shorting "brick by brick" and I'm excited to see what it becomes.* +* *In the meantime this winding and unwinding of these ETF positions will continue every quarter until there is evidence that they are no longer doing it via reported FTDs and ETF fund flow.* + +https://preview.redd.it/lt6m9thal8j81.png?width=666&format=png&auto=webp&s=7896e131055f11f3ce6b1394a84dd3924dc45c1a + +So after all that when those forwards are closed and the put oi drops the forward contract counterparty goes and buys some GameStop. + +This occurs within T+2 of these OPEX dates along with any gamma exposure from options exercising. + +The more creation used in the previous quarter ---> the more GameStop gets purchased. + +***\*remember creation is not a short sale, it is a share sold, it is synthetic. A short sale requires a borrow, no share borrow agreement is used in these transactions.*** + +&#x200B; + +>I want to take a moment and thank, wholeheartedly, u/turdfurg23 and u/zinko83, without them this information would not have been possible to obtain and disseminate. Their tireless efforts in uncovering information behind these ETFs and complex derivates are a true testament to what this community can achieve. They also have many more DDs on the topics set forth, that are frankly, all worth reading at least once. + +# Wycoff Accumulation + +Some information on this can be found here [Richard D. Wyckoff](https://www.wyckoffanalytics.com/wp-content/uploads/2021/05/Wyckoff-Method-Wyckoff-Analytics-English.pdf), this price analysis methodology has held up for almost a century due to the market psychology that supports it. It is an invaluable tool for tracking the intentions of large or "smart" money investors. + +*\*I should note here It is* ***not*** *traditional Technical Analysis while it fathered many of the trend and volume analysis styles that followed it.* + +Currently GameStop is displaying classic signs of accumulation. This is significant both in the near and long term as valuation on GME is reassessed by large market participants. + +[It looks we are rising on a textbook Wyckoff spring formation it's indicating a spring into a breakout. usually followed by a markup period moving from phase C to phase D](https://preview.redd.it/8kvvfscj54j81.png?width=2457&format=png&auto=webp&s=05ee8ee95b1365c5659c8baf16f7192ac9c4ac4a) + +It should be noted there is a bear case for this as well while less fun to hear it's best to temper expectations. It is possible enough interest has not accumulated on GME during this period and there are more low tests in store. I didn't want to ignore this especially with uncertainty in the global political landscape. + +https://preview.redd.it/w7c0k1rp75j81.png?width=2463&format=png&auto=webp&s=e495094fbc3b388b27fe1cdbe1ee73b5f4314aca + +**I however do not have high confidence in the bear case here, I will now explain why.** + +&#x200B; + +[Confirmation of price\/volume correlation with a move to phase D, ADX \(trend strength indicator\) and DMI +\/- \(directional movement indicator\) showing a consolidation it a trend reversal after the current \\"shakeout period\\" ends.](https://preview.redd.it/7sa97shh74j81.png?width=2454&format=png&auto=webp&s=dea536a7d6a2a4479494f9730ddd23dc1448ddb3) + +[Volume decline during the \\"shakeout period\\"](https://preview.redd.it/8iz83dnm84j81.png?width=1547&format=png&auto=webp&s=3fe73bcb84ef12d45b3af5feef80d9246ac63fbd) + +https://preview.redd.it/qs4ll37x54j81.png?width=953&format=png&auto=webp&s=1dc59ec00502b5fbb8f35c68ff1e31b72f9a2ab9 + +another examples of accumulation movements on GME although this took longer to play out + +[This was the period between 2019 and 2020 when Burry, Cohen and DFV bought in. We all know what came after... ](https://preview.redd.it/pfpr5doxm4j81.png?width=2460&format=png&auto=webp&s=9081e570408824f8f55f751fed69f7c92fa51785) + +>**While I don't think what I'm seeing here is gonna kickstart another run like January.** +> +>**A lot of the same pieces are in place. High FTD exposure from ETFs, what looks like institutional buying, and the incoming OPEX cycle. GME's bull case looks very strong. For the near and long-term, as this looks like move into a period of improvement.** + +# MACD + +I wanted to look at MACD in another way besides the sweeping up and down volume signals. As liquidity dries up I feel that they are less telling than the signal trend so I shaded this so people could see the double divergence in GME's downtrends. This divergence is then mirrored in the uptrends indicating that two primary mechanisms are used to short and then those two mechanisms are covered. + +*\*These being ETF share creation and bona-fide market making.* + +[I highlighted the signal trend here in an effort to look beyond the volume indicators and focus on the repeating pattern In the daily MACD. That second low peak has marked the beginning of every one of GameStop's previous runs.](https://preview.redd.it/76fg4w62z4j81.png?width=2225&format=png&auto=webp&s=8cb15e7a8940e3079e5ad3c68aba12117ee7d877) + +# NVI + +Negative volume index, I wanted to give people an idea of just how much shorting we have experienced over the last couple months since Nov 3rd (the last time we were above the mean EMA). + +Also take a look at volume trend since last march as a little extra confirmation of of illiquidity . Our deviation is the lowest it has been since last December. They can't keep this shit up forever. :) + +[This is literally the best time to buy GME since December of 2020](https://preview.redd.it/o37i40u425j81.png?width=2459&format=png&auto=webp&s=f7919ce96f1d183d5d45fec7828bbb6ece2bd629) + +# Price Predictions + +So with this Information and the last update I had from yelyah2 showing a gamma maximum of around 140 and some indication of it increasing due to large volumes of OTM calls. I would say a conservative range for this OPEX movement would be between 150 and 180. I have based this prediction on the following factors. + +1. Gamma Maximum tends to follow price upwards as more OTM calls are purchased (FOMO) it can drive up but when call buying dwindles there is no more delta to hedge. The rate of change in the underlying slows and price destabilizes. We have yet to hold above our Gamma MAX on any previous run. (see below) +2. Our previous OPEX runs have been fairly range bound with the exception of last February. While I must admit the exposure they have built in the last two months is far greater than anything since last Feb. The strength of OPEX runs had decreased over the remainder of last year. Due to a decrease in long call sentiment and thus weakened ETF exposure. T**here is mathematical evidence that the primary driver of GME price action are options both up and down** [Evidence of Concept](https://www.reddit.com/r/Superstonk/comments/snzn04/it_takes_money_to_buy_whisky_distilling_gmes/) and that Delta hedging makes up most if not all of our volume. Till it can be debunked, I am convinced that they do **in fact hedge options**. +3. Our volume trends do not support a move much greater than 180 the strongest buy pressure on GME historically is at 158.50 and 180.00 going back to January of last year. Any price points above that have been met with decreasing buy volume (due to surpassing gamma max) and the price becoming too high to continue FOMO. Simply put Quarterly OPEX alone is not enough to sustain continued price improvement past a certain range. This is one of the reasons our run in November was so weak, since the floor was so high when the run started it was only supported by the clearing of obligations and delta hedging. As soon as the obligations cleared... rug pull. + +[Gamma MAX on previous runs \(figure 1\)](https://preview.redd.it/v1x7cpwj95j81.png?width=1323&format=png&auto=webp&s=64ebf5495996917e7f7d2bab2932308c0b82fb1c) + +[Historical range of OPEX movement \(figure 2\)](https://preview.redd.it/t0zkqsbma5j81.png?width=2454&format=png&auto=webp&s=4576a0b3588c016ed5a2f8f88588bffdfd4ab1a8) + +[Historic volume trend matched with confidence in price improvement. \(figure 3\)](https://preview.redd.it/5bkw1fc865j81.png?width=2456&format=png&auto=webp&s=9b2de249038fadaa9710f6a692bc24ec45220e16) + +[Price improvement confidence scale for Feb. 18 -25 OPEX. While this indicates a fairly low range it is possible for FOMO to come in and drive the price even higher but since that is not something that can be predicted or counted on this scenario has the best probability in my mind.](https://preview.redd.it/rnwkmh7je5j81.png?width=2447&format=png&auto=webp&s=3afc6720c24601f8696b73720011dd70a4ba3e51) + +# Past Prediction Failures + +While I feel many of my predictions have been spot on and they only will increase in accuracy as I narrow down the mechanics of GME price realization. There have been plenty of things I have gotten wrong or did not realize were a factor and thus had not explored. + +First let me toot my horn before I focus on the negative. + +Some stuff that I 've gotten right... + +1. The August run and it's price range. +2. The November run and it's price range (but the volume and velocity were wrong) +3. The runs this last quarter on Dec 17th - 22nd, Jan. 26th, and Feb. 8th (price expectations were not realized) + +All of these, months in advance , the biggest disappointments came in the realization of price action. stonks only go up right? + +No, the market is dynamic. Things change everyday and no prediction is immune to shifts in macro-economic trends. This is why I update on the status of my theory every day to preempt these shifts and changes, as necessary, in real-time. + +[As for the expected run I wrote about these OPEX cycles in August and November of last year.](https://preview.redd.it/1wop6zgib8j81.png?width=2454&format=png&auto=webp&s=e97bb068647336150f4b4bb1f98b660b32b33e17) + +**So why did December and January fail to drive expected results? or why do you suck Pickle-man?** + +In short **XRT**, and some other ETFs that were placed on the threshold list on the futures expiration date. + +This action was **beneficial** to the the people generating GME FTDs and I would suspect it was done intentionally, although there is no proof the motive is obvious. + +RegSho Threshold while forcing settlement offsets when that settlement is due. So instead of all the ETF FTDs being due the same day it staggers them. This allows them to clear FTDs through CNS without overloading the "pipeline"(generating price action). Essentially taking GME exposure and diluting it across multiple assets. + +https://preview.redd.it/upitmvpce8j81.png?width=1306&format=png&auto=webp&s=3de4acaf63ac0f0b7a3f999870b0baee82660dac + +The effects of this offsetting can be seen in our volume profile from Nov -Jan when for all intents and purposes our daily volume should remain very low (DRS and less liquidity **≠** more volume) but to settle FTDs volume must be generated. Yet our volume over the last cycle is up... + +[This should not be the case](https://preview.redd.it/jgqcfc1if8j81.png?width=2454&format=png&auto=webp&s=af47603890ac27b2f27d16786a167d198f43be47) + +They actually began using XRT in late October. Finally burning it out on Jan 6th when the threshold process began. + +Or so we thought. + +While a threshold security cannot be shorted without a pre-borrow agreement. ETFs have no float so pre-borrowing is easy and creation/redemption can continue on the ETF regardless of it's RegSHO status. It does make it more difficult though and means more oversight of their actions. + +Essentially they shorted the entirety of the Nov-Jan cycle through ETF share creation and bona-fide market making. + +It was only after the RegSHO inclusion that we see GME share borrow utilization go up. You can see some evidence of this above in the negative volume index in the first section. Also here in GME short utilization after thresholding began on Jan.7th. + +[GME short borrow rate, utilization, and exchange reported SI shooting up after XRT begins the threshold process.](https://preview.redd.it/ra8igl4mq8j81.png?width=1606&format=png&auto=webp&s=e2337a2af85c1c12150232e3a9657bf1994675ee) + +There is additional evidence in entropy analysis on GME and it's related ETFs, but that's another DD. + +# Conclusions: + +All this synthetic creation will come due and someone will be on the hook for it whether it be the ETFs, APs, or counterparties on the swap, settlement will be demanded from at-risk counterparties. + +I'm bullish as fuck on the potential for these next few weeks to create massive price improvement on GME, but one step at a time. I have laid out my conservative estimate for this OPEX cycle and we will wait and see what the futures rollover period brings after that. + +&#x200B; + +**Now on to the part that I feel I need to discuss, in an attempt to heal the divide in this community and to defend my position here.** + +# Am I a shill? + +Well you're gonna hear a lot of things about me + +1. **That I buy puts** : I do occasionally to protect my investment when I expect GME to go down. It's accurate, I buy OTM puts to protect my long position if I think the price of the stock is gonna drop. It's not a bet against the company it's a bet against the person who wrote the contract I purchased. If the price goes down I have more money to buy the dip. Simple as that. +2. **That I'm self-promoting and monetized**: I have been pretty transparent with my YT earnings on stream they are minimal. Some people do choose to donate it's true. But, there has never been a paywall to ask me questions or access my content. I see no reason YT should collect all the ad-revenue. If I do this for 8 hours a day there is no reason for me to not collect the ad-revenue from my work, I do not ask for donations and never have if people want to contribute I have left the option open. **If I wanted to advertise on reddit** I could pay for Reddit's advertising service and advertise my stream through reddit, on the subreddits of my choosing for a nominal fee per click, I do not. +3. **The idea I'm pushing options to sell my own covered calls**: This one is just makes no sense... the OCC creates liquidity for options trades. Guaranteeing a buyer and seller for every trade. This liquidity is provided by MMs that market the markets for each asset (Wolverine for GME). So I do not need to generate buyers of my covered calls as a matter of fact I haven't sold a covered call (for more than a couple hours) since March of 2021. +4. **I said "most" Superstonk users were idiots**: True, I said these five words, there is a 4 second video proving it, out of context, but accurate nonetheless. It was in response to someone describing the people that consistently bandwagon and attack me and my posts everyday in order to spin a narrative that I am profiteering on the back of apes. **I could have risen above it, I did not.** + +**I have stood now for months in the face of personal attacks on my character, credibility, intelligence, and appearance. Because I chose to discuss the value of options contracts to the retail investor and their ability to generate a short squeeze scenario. The fact that I need to defend myself against these baseless claims speaks volumes about what this sub has become.** + +**If their hope is that I will back down, I will not.** + +**This behavior goes against the very essence of this subreddit and should be addressed.** + +[It's literally Rule #1](https://preview.redd.it/sv5ymxims8j81.png?width=587&format=png&auto=webp&s=0f2a004580424d2c7408d6584ad085d115fb91dd) + +But I have not lost faith, + +I think the **vast silent majority** appreciate the knowledge and information and whether they agree or not, walk away more informed about the stock we all love. + +**We can disagree, we can refute claims with evidence or proof to the contrary. We can discuss but we should never attack. The claims levied against me and other DD writers have been just that, attacks.** + +**When we fight amongst ourselves nobody walks away a winner.** + +I personally have, posted copious amounts of DD and Daily updates **every** trading for the last 10, almost 11 months now. I have given my perspective on GME and it's price movements. I have reached out in good faith and collaborated with others that were attempting to do the same. I have published all this information here on reddit, I have never withheld information behind a paywall or forced people to watch my stream. + +Everything you can learn from me about GME **can be found here, for free**. + +I have made predictions, have they always been right, **absolutely not**. The stock market is a chaotic system a prediction on an outcome can change the nature of that outcome. + +But every wrong estimate moves us closer to the ones that are correct and lifts the curtain on the actions of SHFs. Price predictions are always a toss up but the underlying mechanics that drive GME price movement are testable and backed by data. + +&#x200B; + +>Columbia University emeritus professor of philosophy Philip Kitcher, a good scientific theory has three characteristics. First, it has unity, which means it consists of a limited number of problem-solving strategies that can be applied to a wide range of scientific circumstances. Second, a good scientific theory leads to new questions and new areas of research. This means that a theory doesn't need to explain everything in order to be useful. And finally, a good theory is formed from a number of hypotheses that can be tested independently from the theory itself. + +&#x200B; + +I write this in defense of myself and others who do not wish to step forward, or cannot. + +To attack the people who have dedicated countless hours of their lives to bring information to the community is completely despicable, whether you agree with the information, or not. Many of these people have sacrificed countless hours of their lives. Losing time with family and loved ones. To bring things to light that never would have been know to have a contingent of people allowed on this sub to openly insult, intimidate, and harass them. + +I don't think I need to name them, they are made obvious by their comments and posts. + +Those seeking to divide us are not apes. + +I also wanted to share my own clip, and maybe this will give a better idea of my views on this whole situation and motivations. + +[This video is not monetized and I did my best to clear any donation information from the edit, if the mods want, I will remove it. But I think it gives some insight into my perspective and may help with the divisiveness so rampant here.](https://reddit.com/link/sy36q8/video/xfl1uitgh8j81/player) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Several times I've looked at my stop and said "no way it goes here." It does. and it doesn't make sense with how the market direction is going. Is it actually possible for someone to see your stop order (smart money) and "hunt" it? +Hello, after seeing multiple people's posts in this sub unaware that if your hours are reduced or if you have to self-quarantine, you may still qualify for unemployment, I've gone ahead and found every single state's unemployment website including any specific measures taken in light of the pandemic. + +[Alabama:](https://www.labor.alabama.gov/COVID-19%20UC%20Changes%20March%2016%202020%20News%20Release.pdf) Search for work requirement waived. + +[Alaska](http://doa.alaska.gov/dop/directorsOffice/covid19/) + +[Arizona](https://des.az.gov/services/coronavirus) + +[Arkansas:](https://www.thv11.com/article/news/health/coronavirus/arkansas-to-make-it-easier-to-apply-for-unemployment/91-7bc702a3-5c43-4f20-9bb1-be55633f252a) No waiting period to be approved. + +[California:](https://www.kqed.org/news/11806938/how-to-file-for-unemployment-in-california-during-the-coronavirus-pandemic)No waiting period, and if you're sick you can apply for disability payments immediately. + +[Colorado:](https://www.thedenverchannel.com/news/coronavirus/colorado-workers-affected-by-covid-19-closures-eligible-for-assistance) Reduced hours qualify, requirement to search for work waived. + +[Connecticut](http://www.ctdol.state.ct.us/UI-online/unemployedduetocoronavirus%20.pdf) + +[Delaware:](https://news.delaware.gov/2020/03/17/the-delaware-department-of-labor-expands-unemployment-benefits-to-workers-affected-by-the-covid-19-pandemic/)Caretakers and parents qualify, quarantined individuals qualify. + +[Florida](https://www.wctv.tv/content/news/Governor--Florida-workers-need-immediate-economic-relief-568874841.html) + +[Georgia:](https://dol.georgia.gov/blog/new-information-filing-unemployment-partial-claims-and-reemployment-services)Reduced hours qualify, no in person filing requirements. + +[Hawaii:](https://labor.hawaii.gov/blog/category/news/)Waiting period waived. + +[Idaho](https://labor.idaho.gov/dnn) + +[Illinois:](https://www2.illinois.gov/ides/Pages/COVID-19-and-Unemployment-Benefits.aspx)Requirement to search for work waived. + +[Indiana](https://www.in.gov/dwd/19.htm) + +[Iowa:](https://www.iowaworkforcedevelopment.gov/updates-and-resources-about-covid-19)Reduced hours qualify, caretakers qualify + +[Kansas](https://www.getkansasbenefits.gov/NewsAndUpdates.aspx?NewsID=77) + +[Kentucky:](https://www.wlky.com/article/unemployment-waiting-period-to-be-waived-in-kentucky-covid19-coronavirus/31665692)Waiting period waived. + +[Louisiana](http://www.laworks.net/PublicRelations/COVID_19_Information.asp) + +[Maine:](https://www.maine.gov/labor/covid19/) New legislation to expand unemployment currently pending, file now! + +[Maryland](https://www.dllr.state.md.us/employment/uicovidfaqs.shtml) + +[Massachusetts:](https://www.mass.gov/resource/information-on-unemployment-and-coronavirus-covid-19)Waiting period waived + +[Michigan:](https://www.michigan.gov/coronavirus/0,9753,7-406-98163-521770--,00.html)Includes parents and caretakers, work search requirements waived, benefit length extended. + +[Minnesota:](https://www.uimn.org/applicants/needtoknow/news-updates/covid-19.jsp)Includes parents and caretakers, includes people quarantined or exposed. + +[Mississippi](https://mdes.ms.gov/news/2020/03/13/novel-coronavirus-covid-19-response/) + +[Missouri:](https://labor.mo.gov/coronavirus)Work search requirements waived. + +[Montana:](http://www.dli.mt.gov/employer-covid-19-faq) Caretakers and quarantined individuals included. + +[Nebraska:](https://governor.nebraska.gov/press/gov-ricketts-issues-executive-order-loosen-unemployment-insurance-eligibility-requirements)Work search requirement waived, waiting period waived. + +[Nevada](http://ui.nv.gov/css.html) + +[New Hampshire:](https://www.nhes.nh.gov/)Waiting period waived, expanded qualifiers + +[New Jersey:](https://www.nj.gov/labor/worker-protections/earnedsick/covid.shtml)This state actually has earned sick leave through the state you can claim if you are quarantined or sick. + +[New Mexico:](https://www.dws.state.nm.us/COVID-19-Info)Reduced hours qualify, quarantined individuals qualify + +[New York:](https://labor.ny.gov/unemploymentassistance.shtm)Waiting period waived. + +[North Carolina:](https://des.nc.gov/apply-unemployment)Waiting period waived, job search requirement waived, in-person requirements waived. + +[North Dakota](https://www.jobsnd.com/news/dealing-covid-19) + +[Ohio:](http://jfs.ohio.gov/ouio/CoronavirusAndUI.stm)Quarantined workers qualify, waiting period waived. + +[Oklahoma](https://www.ok.gov/oesc/Claimants/) + +[Oregon](https://www.oregon.gov/employ/Pages/COVID-19.aspx) + +[Pennsylvania:](https://www.uc.pa.gov/Pages/covid19.aspx) Waiting period waived, search for work requirements waived. + +[Rhode Island:](http://www.dlt.state.ri.us/pdfs/COVID-19%20Workplace%20Fact%20Sheet.pdf)Waiting period waived, quarantined individuals qualify. + +[South Carolina:](https://dew.sc.gov/)Waiting period waived, job search requirements waived. + +[South Dakota:](https://dlr.sd.gov/ra/covid_19_ra_eligibility.aspx)Quarantined and sick individuals still eligible. + +[Tennessee](https://www.tn.gov/workforce/general-resources/news/2020/3/11/information-about-tn-ui-benefits-and-coronavirus.html) + +[Texas](https://www.tdi.texas.gov/wc/information/coronavirus.html) + +[Utah](https://jobs.utah.gov/covid19/) + +[Vermont:](https://labor.vermont.gov/covid19/covid-19-frequently-asked-questions)Quarantined individuals qualify. Earned sick leave is also an option for those who contract Covid-19. + +[Virginia:](https://www.governor.virginia.gov/media/governorvirginiagov/governor-of-virginia/pdf/Frequently-Asked-Questions-from-Workers-Regarding-COVID-19.pdf) Waiting period waived. Fewer restrictions. + +[Washington State:](https://esd.wa.gov/newsroom/covid-19) Paid family and medical leave, benefits for reduced hours. + +[West Virginia](https://workforcewv.org/unemployment) + +[Wisconsin:](https://dwd.wisconsin.gov/covid19/public/ui.htm)Work search requirements waived. Waiting period waived. + +[Wyoming](http://www.wyomingworkforce.org/workers/ui/) + +If your state has not expanded unemployment, please consider the following: + +* APPLY ANYWAY - the number of applicants may force the government to take action to deal with the financial burden in their state. + +* Contact your Governor's Office and request that he take action + +* Contact your state representatives (state government, not federal) and ask that they take action to push the governor + +* REMEMBER THIS at voting time next election if your state refuses to take action and vote in your state elections, not just the federal ones. + +I won't be able to keep up with any legislation changes on a state by state basis, it's just too much for me and I'm still (thankfully) working full-time, so I've tried my best to link to pages that should update if things change. Check your state government's website frequently for social programs started or expanded to help, including SNAP/WIC/TANF benefits, or disability benefits if you get sick. + +Edited to add: Thank you for all your nice comments. And thank you for pointing out I forgot Virginia, sorry about that, I had a long list! I also fixed South Carolina's link +$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 was looking for some investment-related books for Indians. I read a few books like Intelligent Investor, One up on wall street and Fooled by Randomness which I liked and Rich Dad Poor Dad which I really did not like that much (As I think some of the advice is not practical and have my own biases and fears against real estate). When I was looking for books targeting Indians the book by Sourabh Mukherjea is highly recommended. So read this over this weekend. I am a regular reader of many of the blogs so it would be wrong to say this is my first Indian-Investing book as concepts would be the same anyway. + +I am actually disappointed with the book. It introduces coffee can investing which is a great thing but nothing new in terms of concept. Hold and forget is general wisdom that almost all investment books preach anyway. The entire second half of the book is basically data of backtesting of his version of choosing good companies. I frankly do not agree with the personal finance plan part of the book too. He suggests 80% equity for somebody who is going to retire in 10 years and has goals less than 10 years away. For another one he suggests 80% equity who is already retired. He suggests dividend funds for regular income when redeeming is more tax-efficient for somebody in the 30% bracket. + +Anyway, are there any other books that I can put on my reading list? +We all saw the post from GameStop today on their Instagram and Twitter page. (Also Facebook?) + +My theory is that they either received the first batch of proxy votes and it’s more than 100% or we surpassed the 100% just now and they are going to post soon. + +TLDR: we are going to the moon and GameStop is waiting for us. + +EDIT: they edited GS (GameStop) on his right arm. My ape tits are jacked +I've dabbled in code before but never Python. I'm serious about quitting my job and getting into day trading, and I think algorithmic trading is really the only way to do that. I want to be able to backtest algorithms and to do that I need to collect data. + +[https://www.codecademy.com/learn/paths/finance-python](https://www.codecademy.com/learn/paths/finance-python) + +I came across this and I want to use it to collect historical stock data. Does anybody have experience with it or think that it's worth it? Thanks! + +Edit: Let me clarify, I want to learn to day trade (preferably with algos), be consistent at it, and THEN quit my job. I’m no dummy lol. +Currently, EJECT has a Market Cap of $500K, with 1,500 REAL HOLDERS. Only 5 days old! + + +$EJECT is the native utility token that will be used for: + +-Developers +-To Create and Launch projects +-Investors +-To back projects +-To invest in projects +-To trade $EJECT for the project's tokens or get rewarded in EJECT tokens + +And that is why the future EJECT platform ALREADY has a ready market of hundreds, if not thousands of investors/ day traders/ moonshot hopefuls who are looking for a place where reliable information is conveniently available, and where investing is easy and safe! + + +Under our noses, genuine developers with great projects and a vision go unnoticed because few con-men have learned the art of MARKETING and pulling the rug after launch. + +Imagine a marketplace where the success of a new project is not decided by the marketing that goes into it, but the actual use-case? A place where you can access all the best new crypto projects, learn everything about them, interact through verified channels with the dev team, and invest with great convenience and speed if convinced by the project. + + +Our care is for the best to come to the limelight, irrespective of shenanigans and marketing budgets. We propose to host AMAs on our website, where developers can discuss their ideas with investors, and impose an auditing process for all projects that want to get listed on EJECT. + +EJECT will be a centralized platform where potential investors will be able to see the latest pre-audited projects. The EJECT token will be the currency for backing a project through their private sales or presales. EJECT will also manage airdrops and reward customers who stake EJECT tokens and complete shilling tasks. + +This is not financial advice. + +Website: (http://www.eject.space/) + +Telegram: [https://t.me/EjectElonCommunity] +I've created a tool that helps me find the best credit spread to sell for the 0 DTE SPX strategy. I'm making it public, hopefully it will help other people as well. + +It finds the optimum spread width for each short option, while calculating various other values like return on buying power and distance from the current price. All the data is calculated in realtime. + +https://www.spxcreditspreads.com/ + +Your feedback is very welcomed and highly appreciated! +When you look at the rent vs buy price of apartments in citites like Zurich, Prague, Beijing etc. from a value investing perspective, you quickly realize why would anyone buy them. Some cities even yield NEGATIVE return from risk adjusted perspective. + +Not even low mortgage rates justifies such high valuation, when mortgage payment (even with zero interest) is double than the usual rent. + +I just cant fathom what is the reason for this. Are billionaires hedging for something? Are average people so possesed with property ownership that they overpay for property so they can "own" it? Is this just russian oligarchs buying foreign properties anonymously? + +In my city it is utmost ridiculous, if you instead of buying an apartment put the cash into savings account, the yield would cover the rent more than enough. Mortgage payments are soon to be 250% higher than usual rent. + +I'd like to know what value investors think. +Longtime lurker, very rare commenter, but see a lot of value in the commentary here so figured I’d throw out my conundrum for some feedback. + +36, 2kids under 4. NW ~8mm, annual income ~1.4mm. Income and net worth have been driven by a wide variety of endeavors including successful businesses/exits, personal RE, and managing RE syndications (small scale ~20mm AUM). + +I’ve always had a W2 because I’m very conservative and don’t like the thought of my skill set/resume going stake if I really need them some day. I also get really bored/stir crazy if not working. + +In the past couple years, a company I was consulting for got bought out and through a very long and complicated course of events I was asked to run the company by new ownership. Always a glutton for punishment but also opportunity, I agreed. I also have grown pretty attached to the employees and don’t want to leave them hanging out to dry (it’s a pretty niche industry, if I left it would be tough to replace very easily). + +Here’s the rub, the pay is crap. It’s a small company relatively speaking. Essentially a start up with the post acquisition pivot. I’m taking home ~250k/yr. All the value is in the equity. But I’m sick and tired of dealing with ownership which is not run like a board at all — very in the business. + +So the company makes up like 20% of my income but 80% of my time and it kind of sucks. But the things holding me back from up and leaving are the employees who I really enjoy and are a bit like family at this point, and my very risk averse brain saying “what if the $250k/yr in RE cash flow, $200k in syndication fees/carry etc, and $700k in other business passive income (very volatile industry) dry up and my resume is blank for 5 years or skill sets get outdated”. + +I am a lawyer by trade and could toss up a shingle and just take some random clients on my schedule but I’m not totally certain I really want to practice again. + +So there’s the what if worst case scenario as I still have 50+ years to plan for, and what do I do with myself if I bail. I have lots of hobbies but not 40hrs a week worth. And I absolutely adore my kids but if I’m being honest could never be a full time stay at home parent at least while they’re so young - my mind turns to mush after 30 min of kids books and songs on repeat (childcare providers are absolute saints). + +Anyone been in a similar situation? Objectively I’m sure I know the answer is to pull the rip cord and just find something else to do. But I also find myself knowing I’d kick myself if the company hits it big and I walked away from all the upside. +https://www.reddit.com/r/trading212/comments/k6i7sk/i_share_with_you_my_dividend_pie_that_pays_you/ + +i have made a pie that pays dividend every week. 12 instruments that pay quarterly. staggered so you get a payout every week for the whole year. leave the auto invest on so it benefit from self compounding. every week, the pie should grow by itself. +(35k Holders, $21M Mcap) + +After much anticipation, Ultrasafe has finally been listed on Coin Market Cap! This coin’s developers never fail to deliver on their promises, and a CMC listing is another addition in the long line of bullish achievements Ultra flaunts. + +If you’re out of the loop, some other notable achievements include: + +* CoinGecko listing on the first day +* World Record for fastest time to 5k, 10k, 15k Holders +* Doxxed devs with 2 facecam AMAs +* 2 Audits, (Solidity and CertiK) with more expected to come +* Listed on LBank and other CEX listings teased +* Marketing measures including major influencers and billboards in Times Square + +So...I ask again, why have you not invested in the the most decorated Altcoin on BSC? Only good news and optimistic attitudes emanate from $Ultra, make sure your funds stay Safe! + +CMC: [https://coinmarketcap.com/currencies/ultrasafe/](https://coinmarketcap.com/currencies/ultrasafe/) + +Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) + +Website: [https://ultrasafe.finance/](https://ultrasafe.finance/) + +Twitter: [https://twitter.com/UltraSafeBSC](https://twitter.com/UltraSafeBSC) + +Pancake: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a) +As it is right now, banks provide and collect the majority of student loans across the country, there is very little risk for them because the debt is only dropped with death. If America introduced legislation that made all student loans provided by and collected by the schools, they would bear the brunt of the risk/reward. It would seem to me that the schools would then be incentivized to make sure the tuition and loans did not exceed the value that the program provides. It would be a much riskier proposition to leave students 200,000$+ in debt with 12+% interest, if the schools were the ones at risk of not being paid. In my opinion this seems to be the "capitalistic" solution, because colleges that produce students more capable of paying back their loans (better product), would then grow with the market & be able to increase the tuition at a reasonable rate. + +&#x200B; + +Would this be a feasible solution? Why? Why not? +Sorry if this is a noob question. I've been learning about mutual funds and I don't understand what they mean when it comes to risk. I understand that risk is an indication of how volatile/ stable their holdings are. + +What I want to know is what happens when somebody invests in a high risk fund. Is there a possibility that they can lose all their money? If so, how? + +Or alternatively, does it mean that it does not give you stable returns and can dip? If yes, then isn't it prudent to be patient and wait out the bad period? I assume it will go up again at some point, right? +Why is it so damn hard to break out of poverty? I feel like I take one step forward and then two steps back. We’ve been working so hard, sacrificed so much, downgraded our lives entirely to get out of debt and try to build a savings and be financially stable. But more things keep coming up. + +My boyfriend’s birthday was in March and I wanted to get him a Nintendo Switch so bad, because I knew how much he wanted it but we could never afford it. So I planned and planned, until another big expense popped up weeks beforehand, and I had to use my secret savings on it. Fine, I figured I could just gift it to him for our anniversary in September. We’ll have been on a steady come up. And we were. We knocked out a huge chunk of debt. Things were looking up. Then a huge dental bill. Then suddenly he no longer has a job for 5 weeks, and now doesn’t start his new one for two more weeks. I’m doing everything I can to make extra money during/before/after work just because I want to get him this one damn thing. Just one. We never do anything for ourselves for the sake of being smart about money. But he deserves it. So now I can’t even afford to get him one, 6 months after I originally couldn’t and planned to try again. + +I just feel freaking hopeless. I don’t mind not having extra money after bills. I don’t mind collecting change I find for gas. I don’t mind having grown out weird looking hair and expired make up because I just can’t afford to ‘splurge’ on self care products. I just want to be able to get him one nice f***ing thing, but every time I almost have the money, something happens. I work over 40 hours a week + odd jobs. I’m so mentally drained. I know all of this will pay off in the long run, but right now it feels never ending. + + +I know this is so trivial and stupid in the grand scheme of things. But it’s exhausting not being able to afford to treat yourself or someone you love just *once* in a damn blue moon. And I know I don’t need to give him presents to show my love and gratitude, but it’s just something I had my hopes set on. He’s a good, hard working man. In reality we have made great progress this last 1 1/2 years, but it feels like the end of this keeps getting further and further away, not closer. + +Now I’m sitting here, hovering over the “confirm purchase” button of a $40 gift I found online to give him, because I earned all this money through survey apps and I just can’t stop thinking “what if we need this $40?” I can’t even buy *anything* that isn’t a necessity without guilt and reluctance. I. Hate. This. + + +End rant. Thank you. + +Edit: I just want to thank everyone for all of the encouraging comments, and for allowing me to vent. Also for those super generous offers to help me in any way. Man this community is so great. It’s important to me to always show my gratitude for what I have, but some days just feel very heavy. It’s nice being among people who can sympathize/empathize. Keep working hard, friends. It’ll all pay off and in a few years’ time we’ll be thanking our past selves for our sacrifices. Wishing only better days ahead for you all! + +Edit 2: Sorry I know generally multiple edits are frowned upon but I wanted to post more on this. I can't believe what kind of people make up this wonderful community. I've had so many comments that it's hard to keep up, just wishing me well, providing encouraging words, tips, advice, even incredibly generous and selfless offers for things. I'm overwhelmed. I'm so used to seeing a lot more negativity and humans not being so great to each other, but then you come across whole subreddits of total strangers being nothing but kind and caring. My day has completely turned around and you've helped me shift my perspective where it needs to be throughout all of this. I wish for nothing but the best for all of you, whether you're in a similar position as I am or not. You're good people. Thank you. <3 +I just thought it would be useful to share. Covers saving and budgeting, interest and debt, investments and retirement, income and benefits, housing, car expenses, taxes, paying for college. + +[https://www.khanacademy.org/college-careers-more/personal-finance](https://www.khanacademy.org/college-careers-more/personal-finance) +I’m a high school student planning on studying economics next year in Canada. I really love the subject and feel passionate about it. Business is a bit too general for me and I feel like it’s a degree everyone just goes for because it’s easy and “safe.” On the other hand, economics is like the more prestigious version of business in my eyes. The problem is with research online and some comments on this sub, everyone seems to say that it’s a useless degree and doesn’t open many doors career wise. Honestly, my goal is to become rich and have a good job. I would rather study something else if a bachelors in economics won’t get me anywhere. Please tell me whether your degree has been lucrative for you. I’m stressing out about what to decide. +I lived with my mom until I was 18, and then I moved to go to college 800 miles away from her. Since about my second semester, I have received no financial support from her. She is unemployed. I used her income to fill out my FAFSA all four years. + +I am now 22 and have my degree. My mom claims that since I graduated this year and that since I used her on my FAFSA that I still count as a dependent and need to have her claim me as one on her taxes this year. + +Well, the thing is, I now currently have a high-paying job and she is buried in another round of financial troubles. She has taken money from me before, and has claimed me for the last four years as a dependent and I have never received a tax return even though I did also have a less well paying job the last two years of college. I didn’t really care then, but I do now. + +She’s a narcissist with horrible money management and I fear she intends to use me again to get out of her newest string of financial issues now that my grandma has kicked her out of the house for being awful. I’ve brought this up to her and she’s calling me ridiculous and saying it’s illegal to claim myself because of FAFSA, and also that i’ll “get more back if i go through her.” (I’ll probably never see that money, she’ll talk her way out of getting it to me as if it were an olympic sport) + +Is this true? What should I do? I’m so tired of having anything of mine tied to her at all. I try to be financially savvy and have 8% of my income going to 401k and another 20% of post tax going to savings, but I still have loans to pay off and every penny counts. + +edit: you guys rock, thank you!!! + +edit 2: i am a woman + +edit 3:to all those PMing me about mental health support and my mom, i promise you i’m fine! and for all of you PMing me being creepy, please stop. +Is anyone close to breaking point financially due to the rate rises and inflation? I’m definitely feeling the pinch to the point where I have to give up most of my non-essential spending, but not at breaking point yet. How about everyone else? Curious to see if anyone is at close to breaking point and what they had to do to survive. +There's misunderstanding that the new GMEDD report [(](https://www.reddit.com/r/Superstonk/comments/qv9nm2/tldr_of_gmeddcoms_new_price_targets_since_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)photos of the full report at the bottom of this post) is price anchoring or doesn't believe in the MOASS. + +After speaking with one of the writers of the report, I found out that **GMEDD is simply not allowed to discuss hedge funds, short interest, or complex market mechanics for legal reasons,** hence they can't talk about it but that doesn't mean they don't believe in it. + +This report is also not price anchoring because it is price projection based on publicly available data and information, and the report states the bull scenario of $1069 by 2023 (price to sales ratio of 10) is the most likely scenario. And following their model, if GME reaches a price to sales ratio of 30 by 2025, GME would be worth $12,781. All apes already know GME is worth much more than this because **shorts have not covered**, so this report is further reinforcing the strong fundamentals to new investors. + +**Think about it -- if you're a new investor and you see this, wouldn't you consider this a great return on investment?** Wouldn't it pique your curiosity and encourage you to dig deeper until you fall into the $GME rabbit hole? + +That's what the first GMEdd report did back in January, when they projected a bull price of $169 back when the price was still $30. It gave many people the confidence to invest. With a new price projection at $1069 by 2023 and even higher by 2025, I'm sure this new report will have a similar effect, if we can get it seen by more people. I'm personally sharing it with all my friends and family, which they've all liked. + +It's not a big deal simply because it's published on a website, nor is it a big deal because it's written by OG GME investors. **It's a big deal because the solid report piques people's curiosity and encourages them to dive deeper, since all their reporting data and models are publicly available on the site, along with a bunch of other solid research articles.** Many readers will even eventually make their way to this sub where they can learn more about short squeezes and market mechanics. Remember, retail investors have a massive information disadvantage compared to hedge funds, meaning any solid and transparent information we have should be spread like wildfire! + +Fuck the noise. Buy, buy from GameStop, hold, DRS, and read/ share the report below with everyone you trust. + +&#x200B; + +&#x200B; + +https://preview.redd.it/lbhovup680081.png?width=928&format=png&auto=webp&s=1116c1ec9a7d87a0fb136cc876aa710b2ab8315e + +&#x200B; + +https://preview.redd.it/bkla8lq780081.png?width=927&format=png&auto=webp&s=8e04cdaf0b119fa25edb30118b7288b63131040f + +&#x200B; + +https://preview.redd.it/l64rvsq880081.png?width=924&format=png&auto=webp&s=5925e78790f8888136fa0c385f9b6e0c03833efe + +&#x200B; + +https://preview.redd.it/sfsogal980081.png?width=926&format=png&auto=webp&s=4bceebe663993be78fc246692cf97c59c46d9236 +I keep seeing this specific question - + +*I have $1K/$2K/$5 and I want to be a trader, how do I get started?* + +Most new traders focus on using Options, but unfortunately they tend to jump right in. Obviously if you are already an experienced trader than this post would not be for you. + +I've been a successful trader for several years now (meaning I can count on consistent profits as a salary each month) and it has become clear to me that so many new short-term traders have been lured into this field under false pretenses. So while many of my posts are focused on specific strategies, or upcoming stock plays, I thought it would be helpful to write one that focused on the basics. + +I am going to write out -this out step-by-step - these apply whether you are starting with $1k, $5K, $25K or $100K: + +**1)** ***Choose A Broker*** \- Stay away from any mobile only broker, you want one that you can use on your laptop, has a good trading platform (I like *ThinkorSwim*, but *Interactive Brokers*, *TradeStation*, *Fidelity*, etc are all fine, it just depends on what matters most to you, so do your research). Deposit your money and make sure you are able to trade Options and qualify for margin. You also want a broker that allows you to use a Paper Trading account in *real-time -* this is essential (*ThinkorSwim is excellent for this capability)*. As to why you want margin - simple - it is very difficult to be a consistently profitable trader without it (not impossible, just more difficult). + +**2)** ***Learn*** \- Before you make a single real trade, you need to learn. A lot. This can take months. Most brokers offer free online courses for you to take. There are also plenty of books out there (*Technical Analysis of the Financial Markets* by John Murphy, *How to Make Money in Stocks* by William O'Neil, *Options as a Strategic Investment* by Lawrence McMillian, *Trading in the Zone* by Mark Douglas, etc.) and plenty of videos that are purely educational (i.e. not trying to sell you something). Soak up everything. This is where you want to use your Paper Trading account. As you learn how to trade, especially Options, try it out using the Paper account set to *Real Time*. It is also important that you not put an unrealistic amount of fake money into this account. It should be similar to the actual amount you will be starting with in your real portfolio. At this point you are just trying to get a handle on how to trade the following: + +**a) Stocks** \- fairly basic, but learn how to buy and sell stocks (going long and shorting). And while most advanced traders use mental stops, as a beginner you will be using real ones, so also learn how to set them, including OCO brackets. + +**b) Options** \- since most of you are not starting with a lot of capital, chances are you will be trading options a great deal. Make sure you learn everything you can about Option trading before you ever spend one dime of real money making an Options trade. So many new traders lose their money playing Options without really understanding the instrument. Part of studying Options include learning the Greeks (Delta, Gamma, and Theta are the ones you will mainly use). Understand how premiums work, and what IV does to the price of your Options (particularly during *events* like earnings or company announcements). There is also a lot of enthusiasm around the idea of "selling premium" - which while an excellent method of generating income, can also be very dangerous if you do not know what you are doing. + +**c) Option Spreads** \- correctly using Option spreads are the best way to grow an account below $25K. They are also one of the more difficult things to master. So spend a lot of time on these. The Options Playbook website is filled with information and as you will see - there are *many different types of spreads*. I suggest getting most familiar with *Call Debit, Put Debit, Call Credit, Put Credit, Diagonals, Covered Calls,* and *Poor Mans Covered Calls.* Using these strategies can both mitigate your risk while keeping your returns at a respectable level. + +**3)** ***Analysis -*** Up until now you should have been getting comfortable with the basics, but probably without much direction on how to choose the right stocks, when to enter and when to exit them. This is where *Technical Analysis* comes in. All of short-term trading is based on *Technical Analysis*. Long-term investing is focused primarily on *Fundamental* analysis, but as a short-term trader (meaning you are holding for less than two weeks, and usually for less that two days) you really do not care what the fundamentals are behind the company you are trading. If you are holding a position for a few hours or a few days, it doesn't really matter to you what their P/E ratio is, or how their future outlook was last reported. What does matter are the charts. You need to learn how to read the candlestick patterns, which indicators are useful (and which ones are crap), how to read the market, and of course, how to finds the right stocks. *Technical Analysis* works because there is widespread consensus on it. Meaning, if all traders, retail and institutions, believe that a price level is acting as *support* for a stock, they will act accordingly. This part of your journey is probably going to be the most difficult to master - in fact, you will continue to learn and get better at it as you go along. Every great trader never stops being a student of analysis, and neither should you. + +**4)** ***Choose a good scanner -*** All this knowledge is not going to help if you cannot find the right stocks. Most brokers come with decent scanners built into their platforms, and there are a number of free scanners available as well. There are also a number of scanners out there that cost money, some of them are very good, while others are of questionable quality. I have ones I recommend, but there are many out there that give you great stocks to trade every day. Keep in mind, if you are looking to Day Trade than you are scanning on a much shorter time-frame then if you were Swing Trading. By now you should have a good idea of what you want to scan for as well. Most people will tell you to look for huge jumps in volume, which is always an important factor, but that mainly applies to *Momentum Trading*, **which you should be avoiding**. You do want stocks that have high Relative Volume, but you also want stocks that are strong/weak to the market, have high liquidity, have a "buy" signal (whether it is a 3/8 cross on the EMA's, or a breach of consolidation, breaking through *resistance/support,* there are many different scenarios that qualify here). These scanners should also help you create *Watchlists* and set alerts on charts so when a stock meets the criteria you have set you will get notified of it. Going through charts and placing *alert lines* are a huge part of being a short-term trader. + +**5)** ***Choose a Journal*** **-** The three most popular are *Tradersync, Tradervue* and *Edgewonk.* Whichever one you choose, make sure at the end of each day while paper trading you upload your trades to the journals and look at your statistics. You want to focus on your win rate, profit vs. loss, and the types of trades you do well at, as well as the ones you tend to lose the most on. Categories like *Type of Stock (price, market cap level, volume, etc.), Time of Day/Week, Trade size, Type of trade (Long, Short, Option Spread, etc.)* are all important to note and study. + +***These first five steps should take you at least six months. Which means several months where you have not yet made a single trade using real money. And you will be tempted - particularly as you start seeing trades in your paper account making huge returns. Don't do it. Until your win rate is at least over 60%, do not make a real trade.*** + +**6)** ***Choose a Strategy -*** Now that you have a good understanding of how to trade, and you have a decent amount of data in your online journal to see what is working for you, it is time to choose a strategy. There are many strategies to choose from (I primarily use Relative Strength/Weakness against SPY, which may sound like RSI and/or Beta, but it is very different from those indicators, neither of which I use or put much stock in) but there is *one strategy you should* ***not*** *use - Momentum trading. Especially Momentum trading low-float stocks.* This method of trading is unfortunately what lures most traders into this field to begin with (countless YouTube videos promising you that you can get rich doing it) and it *seems so easy. This type of trading is one of the most difficult strategies one can choose, and should only be done by people who are* ***very*** *experienced.* There will be many people tell you about how much money they made or are making with *momentum trades*, most of which will try to convince you that they discovered some method that assures you of high level of profits. *Don't listen to them. Someone who is getting lucky for a few months is not the same as having a consistently profitable method that* ***you can count on***. + +**7)** ***Decide on a Community -*** Many people prefer to trade alone, excel at it even. For me it was fine, but I much preferred trading in a good community. However, there are many scams out there. But if you are going to join a group, make sure you choose a service that: + +**a)** is not focused solely or mainly on *Momentum trading*. Most of them are. You want a community that teaches a full 360 approach to trading. + +**b)** has pros in it. People that actually do this for a living. And make sure they are accessible. + +**c)** has an active live discussion. This part is essential. You want to be in a room that isn't a free-for-all, but rather focused on trading and led by actual professionals. The ones that are mainly composed of amateurs throwing out trades all the time can actually hurt your trading. + +**d)** is filled with resources. Any community you choose that is worth joining will probably cost you some money, so make sure they have useful resources, including scanners, platforms and educational content. + +**8)** ***Start Trading -*** Now that you have chosen your broker, learned the basic of trading, understand technical analysis, found a really good scanner, used to journal to help you choose which strategies you want to focus on, and decided on whether or not you want to be in a community - you are ready to trade. ***Start small***. I can not emphasize this enough. If you have $2,000, then you are looking to perhaps do an Option Spread that costs $1.50 ($150) per contract and maybe do 2 contracts. You want to buy just one In-The-Money Call or Put (Delta of .6 or higher) on a solid stock. The key to being successful is *consistency* and that means hitting *singles*, not *homeruns*. If you have $2,000 in your account and make $50 in a day, that is a 2.5% return, which is excellent. Learn to be ok with slowly growing your account. As your skill level increases, so will your profits - don't worry, in time it will come - but for now, settle for the small wins. + +**9)** ***Set Goals -*** Trading for a living is a business. Treat it like one. Set your monthly goals. While you should not focus on your P&L while trading (meaning you do not exit a trade because you are down or up a certain amount of money, but rather because the analysis tells you to exit) you *should* focus on you account balance in terms of the salary you need to live off day-to-day. It is important to realize that if you reach your monthly goals on win rate, number of trades a day and profit per trade, you will also reach your monthly profit target as well. Remember the ultimate goal here is that at the end of each month you are going to be taking out the profit (this is your salary) and leaving the base behind. By the time you reach this step you should have a really good idea what type of profit you can expect from your strategy, and base amount in the account. + +**10)** ***Get an Accountant -*** Some people can do this themselves (I am not one of those people), but you want to make sure you are using the best possible set-up to pay the least amount of taxes. Do you qualify for Day Trader status with the IRS? Are you trading out of an IRA? Are you using an LLC or S-Corp? Since this is going to be your business, make sure you have your financials in order. + +So there you go. + +Why do most people fail at short-term trading? Simple - they do not do any of these steps. They deposit money, try to scalp low float gappers or buy a lot of options on the hot MEME stock. Eventually after losing enough money, they quit. ***That is why most short-term traders lose money.*** + +*If one follows these steps, it should take roughly two years before you can expect to be consistently profitable. Even after doing the first five steps, you will lose when you start trading with real money. But if you are* ***trading small*** *like I suggest, it won't blow-up your account.* + +I know nobody wants to hear that it will take that long to get good at this. But think of it this way - how much time, energy and money does one put into getting a job and working their way up to middle management? Years of school. More years of eating shit at a bunch of crappy jobs, working yourself to the bone to get promoted. All for what? A bigger cubicle? A VP title at a company that will fire you the moment they need to make "cuts"? To have bosses that don't know what they are doing? + +***Trading for a living gives you financial freedom.*** The ability to make money no matter where you are, as long as there is an internet connection. No boss. Just you and the market. **Having that life is worth the time and effort.** And I can tell you, it is great. It is exactly as you would imagine it to be. + +***As a professional Day Trader and I could not imagine doing anything else.*** + +So I urge you - if you are trying to figure out how to get started - do this the right way - there are no shortcuts. + +Follow these steps and start your journey. +Naked short positions are never closed and the hedge funds/market makers(?) who shorted the companies into obvilion will never have to close their shorts. This is tax evation. They should pay taxes on their winnings. + +Instead they can use it for tax free collateral and siphon even more money out of the hands of retail investors by printing naked shorts until companies go bankrupt. "Most sophisticated investers" 😄 +Couple year lurker, sparse commenter, and first time poster, but I thought I’d try and give back to the community that helped me out when I was first getting started in the form of my real estate journey and what little I’ve learned so far. I am by no means an expert at real estate investing and I am relatively new to the game, so take everything to come with a grain of salt. + +First, just to touch on my background (which will intentionally be left very vague for privacy reasons), grew up middle / middle-lower class, suburbs, two amazing working full-time parents with high school level education. High school was never my cup of tea and college options were limited, so I decided to join the military. Fast forward to an honorable discharge and using the Post 9/11 GI Bill to graduate from a no-name college. I networked my ass off to get in investment banking at a bulge bracket bank that paid >$100k in a VHCOL area. Left to get a higher paying job around \~$250k shortly after. At the time when I decided to get into real estate investing, I was making \~$300k pre-tax and had \~$350k in a personal trading account, another $150k in my 401k with zero debt. I have never been focused on absolutely maximizing my income or savings rate. I enjoy living nicely, travelling nicely, and eating nicely. YOLO. + +Investing in my immediate area typically requires a metric shit ton of capital (or very creative thinking/networking) or competing against those who have it, so I headed a couple hours outside in order to get my feet wet. In the beginning I was not sure what type of real estate investing strategy I wanted, but chose the below criteria at first: + +1. Invest in properties that were cash flow positive from day one +2. Investment would have to achieve at least 20% ROIC after all expenses and PITI. I don’t include home price appreciation, as I believe that’s not guaranteed and more speculation than anything and principal paydown is just icing on the cake for me +3. Turn-key properties are preferred, but don’t mind a bit of deferred maintenance if it’ll achieve a good purchase price (and subsequently a better return) + +With my criteria in-place, I built up a rolodex of individuals I would need if I were to be successful at managing properties hours away from me (realtor, attorney, inspectors, handyman, lenders, etc.). And then I hit the ground running. + +Since I was still working full time and had a pretty busy schedule I knew I wanted my first property to be turn-key, so I chose a SFH that was recently flipped, but selling for a good price since the property had been on the market for a while and the seller was also over-levered due to multiple projects and needed liquidity. The property was in a Class B neighborhood with strong rental demand. Home price appreciation had been mixed in this area. I knew that the home would rent quickly to students of the multiple colleges nearby or some of the commercial properties that were also close (and those were exactly the people who ended up applying). I actually got a pretty good turnout of applicants and settled on a first year resident at the local hospital. Regarding background checks, as long as they weren’t ex-convicts and made 3x rent, I wasn’t that picky (I 100% no longer think this way due to Property 2). Below are the numbers (rounded dollars to avoid specifics): + +**Property 1:** Listed $150k / Paid $140k (appraised for the same value) / 20% down, 3.125% 30-year fixed, no points / Monthly Rent: $1,600 / Monthly Cash Flow (after PITI): $700 / Est. Year 1 ROIC: 22% (doesn’t include principal paydown) + +After realizing my risk tolerance could be a bit higher, I went for a Class C triplex in a Class C neighborhood. The property was around 100 years old and looks like it has been neglected for the past 25. However, the bones were solid and I told myself I will renovate the units one-by-one when the tenants turnover (all are still in-place and paying rent; however, never on time). Below are the numbers: + +**Property 2:** Listed $165k / Paid $150k (appraised for $165k) / 20% down, 2.75% 30-year fixed, no points) / Monthly Rent $2,525 / Monthly Cash Flow (after PITI): \~$1,000 / Est. Year 1 ROIC 35-40% (doesn’t include principal paydown; range given depending on maintenance) + +After figuring out how this whole real estate game worked, I decided to take a little more risk and buy a pricey triplex near me and live in one unit while renting out the other two. This was a turn-key triplex and I decided to utilize my VA loan for maximum leverage, no PMI and low rate. + +**Property 3:** Listed $900k / Paid $775k (appraised for $725k mid-COVID) / $50k cash out of pocket to cover the difference, $725k loan 100% LTV, 2.75% 30-year fixed, 1 point lender credit to me) / 2-unit Monthly Rent $5,200 / 2-unit Monthly Cash Flow (after PITI): \~$600 + +Property 4 was where I decided to change my investment strategy and try my luck with finding vacant value-add properties. The house had the same layout and size (3 bd, 1 ba, 1,700 sq ft) as Property 1. The bathroom needed a full gut renovation, as well as the kitchen, carpet in bedrooms, LVP in common spaces, new paint, and the outside trim needed to be scraped and re-painted. Below are the numbers: + +**Property 4:** Listed $145k / Paid $110k (appraised for $115k) / Initially 20% down ($4,500 after refinance), 4.50% 30-year fixed, no points) / Renovation Budget: $7.5k - $10k / Market Comps $155k / Monthly Rent $1,600 / Monthly Cash Flow (after PITI): \~$500 / Est. Year 1 ROIC 125%+ (doesn’t include principal paydown) + +My experience has been interesting so far. I've learned a lot, but still have much more to learn. I believe going forward I will look more towards value-add properties, given the returns. Below are a few points I have learned along the way. + +Disclaimer: Real estate investing will vary by individual investor and there is no “one size fits all” approach, so do not take these as gospel or 100% tailored to your specific situation. + +1. **Wait for good tenants!** Real estate investing can be scary when you know bills are coming due and you have an empty unit. It can seem like it’s taking forever and you’ll want to sign the first person that has a pulse and a paycheck. Resist this temptation! Good tenants are worth their weight in gold. Someone who leaves you alone and takes care of the property when you’re self-managing is the closest you will get to truly having “passive income”. +2. **Don’t quit your day job.** Because I used traditional financing, it was important to maintain my W-2 income. Real estate was new and interesting to me, so it quickly started gathering a lot of my attention, but it’s important not to forget where the majority of your bacon comes from. Especially since that money is what made real estate investing possible (for me) in the first place. +3. **Be creative and aggressive with financing.** It seems like the largest barrier to entry for a lot of people on this sub is getting capital to start. If that is the case, I would strongly suggest searching any comment made by u/GringoGrande (I hope I did this right) or search “Seller Financing” or “Owner financing” in the forums. You will find a treasure-trove of knowledge and information. If you decide to use traditional lender financing, call local lenders in the area and pit them against each other. When one lender beats the other, go back to that lender and ask them to beat the other rate given. +4. **Just Do It…. Yourself (at least in the beginning).** I personally think there is tremendous value in knowing a little bit of everything, even if you’re not a master in anything. Having a base knowledge of searching for houses, securing financing, negotiating deals, closing, placing tenants, structuring leases, etc. is all best learned by doing, making mistakes, and then correcting those mistakes next time around. And that can only happen if you get involved, learn and (for some things) self-manage. Learn how much repairs cost by doing them yourself (YouTube has a video for practically everything), or shadow a professional if it something like electrical or plumbing and you don’t want to risk messing it up. This will help prevent you from being taken for a ride by contractors / professionals later on down the road. +5. **Out of state properties.** Take what I say with a grain of salt, because I have never invested out of state and I have heard plenty of success stories of people who have. However, if you’re new to real estate, I would strongly suggest investing in your own backyard. At most, I’m currently 2 hours away from my properties and even that feels too far sometimes. The only way I became comfortable with the distance is because I have a list of people I can depend on if there is an emergency and I need someone ASAP. I couldn’t (and don’t want to) imagine being in the situation where I’m a plane ride away and an issue arises with the tenant/property and the management company is non-responsive or combative. +6. **Paddle your own canoe.** After the military I was half a decade older than my average co-worker and when you’re in a competitive field like finance, it could really take a toll on your self esteem seeing kids making half a million at the same age you were graduating college. You have to accept that there are going to be people who are more successful than you. At school, at work, at real estate and at life. Everyone’s story is different and it doesn’t mean they’re any better off in the grand scheme of things. Do not get caught up in some rat race and take on more risk or leverage than you are comfortable with or that you can financially handle. Go at your own pace. Paddle your own canoe. Competition is good, but you’ll be better off if you save it for sports. +It's been said countless times. "We need to lock the float to prove there is without a doubt more shares than allowed for GME, then something will happen". + +The blatant corruption, manipulation and theft is happening in plain sight in-front of everyone's eyes. The cops standing are standing at the entrances to local businesses, your families business that was built through generations, watching robbers take whatever they want and saying "Yeah, we see it -- but we need more proof" before we help you. + +The faster we DRS the float, the faster we can put an end to the trillions of dollars stolen and to the countless lives lost due through many means of market manipulation. + +This ends now, DRS your shares and let's make a change. +[article link](https://www.marketwatch.com/story/norwegian-stock-plunges-after-cruises-put-on-hold-through-september-2020-06-16) + +> Norwegian Cruise Lines Holdings Ltd. NCLH, +4.85% shares dropped nearly 10% in after-hours trading Tuesday after the company said that its cruises will not return until at least October. The cruise line had previously cancelled departures through July due to the COVID-19 pandemic, but announced Tuesday afternoon that all lines would be on hold through the end of September, and select destinations would not disembark until at least November. +https://www.theguardian.com/business/2018/jul/13/johnson-johnson-ordered-to-pay-47bn-in-talc-powder-claim?CMP=twt_gu +> +> Mark Lanier, the lead counsel for the women, six of whom have died from ovarian cancer, said Johnson & Johnson had covered up evidence of asbestos in its products for more than 40 years. +> +> After a six-week trial at a court in St Louis, a jury awarded the women $4.14bn in punitive damages and $550m in compensatory damages. +> +> Medical experts testified during the trial that asbestos, a known carcinogen, is mixed in with mineral talc, which is the primary ingredient in Johnson & Johnson’s Baby Powder and Shower to Shower products. +> +> Lawyers said asbestos fibres and talc particles were found in the ovarian tissues of many of the women. +> +Johnson & Johnson has been sued by more than 9,000 women who claim its talcum powder contributed to their ovarian cancer. The company has consistently denied that its products can be linked to the disease. + +>The company said it was deeply disappointed with the verdict, saying it was part of a “fundamentally unfair process” that grouped the women together and awarded them the same amount despite differences in their cases. It said it intended to appeal. + +> +[Federal judge rules eviction moratorium is unconstitutional](https://www.cnn.com/2021/02/25/politics/judge-evictions-moratorium-unconstitutional/index.html) + +“In October, a group of Texas landlords and property owners sued the US Centers for Disease Control and Prevention and the Department of Health and Human Services over the Eviction Moratorium Order that was issued by the Trump administration in September.” +An introduction to the GLITCHYBSC network. + +Glitchy is a new way to earn BNB rewards simply by holding the token in your Binance Smart Chain enabled wallet, without having your investment locked down for any period of time. + +GLITCHY fairly rewards holders with accumulating BNB rewards. No other reward token accumulates rewards. 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Marketing began week 3 + +16% of the supply is burned. The burn wallet also accumulates Reflection/Redistribution tokens like any other Glitchy wallet, and those are manually burned to create a constant deflation of supply. + +Accumulating LP Tokens are manually burned as soon as they accumulate to approximately 10% of the available liquidity. + +**WHY GLITCHY?? Because Holders are Rewarded Fairly:** + +Other BNB Reward tokens penalize those who forget to claim, are unable to claim, or in the case of small stakeholders, when the gas fee to make the claim transaction outweighs the reward. Most of these tokens require users to claim daily – if these rewards are not claimed, they are typically redistributed to the other holders who in time can lay claim to them. This creates a disproportionate system where only the savvy or whale holders truly benefit. Glitchy’s foundational concept is fairness to all holders, whether crypto veterans or noobs, whales or small fish. + +Glitchy does not require users to claim in every cycle. Users BNB claims are distributed in proportion to their percentage of holdings of the total Glitchy supply, and the rewards generated every week belong entirely to the wallet that holds the Glitchy. BNB REWARDS ACCUMULATE IF THEY ARE NOT CLAIMED. For example, if a user were entitled to .5BNB Rewards in Week 1, chose not to claim, then was entitled to 1BNB in Week 2 and chose to claim, the entire reward would be 1.5BNB. + +The fundamental difference between Glitchy and other reward tokens on the market now is that Glitchy allows flexibility in the claim function and ensures that claims are never lost or taken by other holders. No other token does rewards like Glitchy. + +**No-Lock, No-Stake, No-Penalty:** + +Glitchy does not require any external staking or locking of funds in order to generate rewards. Your Glitchy stays exactly where it should – in your wallet, earning all the time. As explained above, BNB Rewards are never penalized (except in the case of a sell, where your percentage of holding decreases and Rewards will decrease accordingly in the following claim cycle). + +**Community and Outreach:** + +Glitchy has built a strong holder community through Telegram and Twitter. There are dedicated team members in development, marketing, and Telegram customer service. With a global group of holders and team members, Glitchy is able to execute marketing campaigns and answer user questions 24/7. + +Upcoming Marketing Campaigns include additional Reddit/Twitter postings and giveaways, crypto-focused YouTube promotions, AMA’s, and a redesign of the dApp with updated UI/UX. + +Glitchy is for Everyone. We invite you to join our community and experience True Passive Income for yourself. +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! + +This is an embarrassing situation I got myself into. I want to share for anyone considering a payday loan. + + +My first payday load was $700. When my checks would come in I had other bills I needed to pay first and just paid interest. I paid this loan off finally after 14 weeks. Total of $980 in interest. + +After that loan was paid I needed some more cash for bills a few months later. $1,000 payday loan. Again, when my checks came in, other bills had to be paid. Took 20 weeks to pay it off. $2,050 paid in interest. + +Total of $3,030 paid in interest for a $1,700 dollar loan. + + +Just don’t do it. I would have been better off paying every single bill late and just paying a late fee. I felt desperate at the time but getting those loans did not help. I have a lot of shame around money and took these loans so I wouldn’t have to call those I owed and tell them I had to pay late. + + $3,030 down the drain to save myself from a few moments of embarrassment. +# January 24, 2022. The day the market died...? + +So with all the news regarding Monday, I figured it could in a way fit together. Why would the plunge protection team jump in to save the market? + +[The 93M volume \\"glitch\\" which I posted yesterday](https://preview.redd.it/amg4jjobr0e81.png?width=1118&format=png&auto=webp&s=1c674e050c27ac86767bc7b35c1bb88ff24c315e) + +Starting with a previous post of mine. A so called "glitch" on Yahoo finance of a volume spike of 93M SPY ETF shares. This could be the margin call of Citadel. + +But what happens next? The market goes up again. + +As pointed out by Zerohedge and YT channel SpotGamma, a "mysterious put seller" sold gigantic amounts of puts, in turn saving the market from having a very, very red day. + +[ZH article pointing out the mysterious put seller](https://preview.redd.it/ognqlp0er0e81.png?width=859&format=png&auto=webp&s=2ec53f4f567c902858faf8ff52f705450c93f472) + +Could this have been the mythical plunge protection team? + +What is the PPT? Is it even real? Take a look at this explanation from u/Snowbagels + +[https:\/\/www.washingtonpost.com\/wp-srv\/business\/longterm\/blackm\/plunge.htm](https://preview.redd.it/ovc6szhys0e81.png?width=657&format=png&auto=webp&s=ae2e92647b45265e59e4e6e8312f1b36b6085529) + +&#x200B; + +[ Working Group on Financial Markets: The Plunge Protection Team is real! Excuse my poor meme skills ](https://preview.redd.it/fxly794kv0e81.png?width=1215&format=png&auto=webp&s=c16febb46f2d6a3ab3838bdfe13ff9c01459f763) + +The turtles could have met with the president and got the go-ahead to save the market by unleashing the billions of puts. + +But how does this save SPY from dropping? [SpotGamma explains it nicely](https://www.youtube.com/watch?v=BzTbKCeKcOk). This is the most important explanation: + +&#x200B; + +https://preview.redd.it/g3fowwifw0e81.jpg?width=752&format=pjpg&auto=webp&s=174b1f446c2b99d598050583cd4414a9e75a31c3 + +"What you can notice here, as the market draws down, we had negative delta trades inputs - that means people are buying put options to start the day. Then, all of a sudden you can see right around 12 o' clock, a huge put seller comes into the market. Somebody came in at the bottom here, they sold puts. Now I would argue that this triggered suddenly a short cover rally in the market. As you can see, these deltas input options continue to be positive for the bulk of the day, so that is telling us that people were scrambling to cover their long put hedges. Now as these people buy back put hedges, dealers and market makers who are short puts can buy back futures. And not only that, you end up getting an implied volatility crush which further pressures the price of puts, the values of puts, which means you can kick off this reflexive negative gamma feedback loop, of dealers buying back short hedges and we get this big rally. It's hard to dispute the fact that these puts all started getting closed before the big rally in markets." + +&#x200B; + +[VIX peaked, when the put selling starts VIX gets crushed](https://preview.redd.it/ol9d3n8dx0e81.png?width=1576&format=png&auto=webp&s=25d46826731c3b7a6a82f2082c2215f8d3c08a19) + +As a result of the put selling, VIX drops sharply at the same time. + +[VIX](https://www.investopedia.com/terms/v/vix.asp) is derived from 30-day SPX options, this means VIX shows a 30-day expectation of volatility. It's an index that shows market sentiment. With VIX dropping quickly to 30, market participants have regained some faith in the market and buying and/or covering hedges continues. + +Somewhat unrelated, but manipulation of the VIX is nothing new: +"The Commission found that S&P Dow Jones Indices LLC, which publishes an index that measures the return from a rolling long position for certain VIX futures contracts, failed to disclose the existence of a feature in this index that kept securities prices static during a period of unprecedented volatility. As a result of this undisclosed feature, values being published and disseminated to the market were not based on the real-time prices of certain VIX futures contracts." + +[https://www.sec.gov/litigation/admin/2021/34-92425.pdf](https://www.sec.gov/litigation/admin/2021/34-92425.pdf) + +&#x200B; + +All of this information isn't necessarily new but I felt it was important to get it all together to see the big picture. + +Selling massive amounts of puts is something almost no institution can afford to do: + +> I know of no institutional investor, or hedge funds, even the largest one that have that kind of capital, the largest investment bank prop desks would not be allowed to sell billion, maybe even tens of billions of puts and attempt to crush the VIX and prevented what could have been a 1987 crash style event. Notional options that rolled off Jan 21 expiry was somewhere around 1-2 trillion. The hedging/gamma demand by rolling hedges may be in the 30-100 billion range. Clearly normal market makers couldn't supply that much demand, given daily option volumes are around 5-10 billion. So some entity sold close to 10-50 billion worth of puts in a matter of 2.5 hours. + +by u/vegaseller. + +&#x200B; + +If you've been reading DD for a while now here on Superstonk, the conclusion is not surprising. The market is fake and now even the plunge protection team has to do everything in its powers to make sure stonks only go up. + +# TLDR: the theory is that the plunge protection team (FED/WH/SEC/CFTC) started selling billions of puts from 12:00 PM - 3:00 PM to save SPY from dropping further from its 4% intraday drop as Citadel possibly got margin called. + +# THEY KICKED THE CAN ONCE MORE +Now that the trading week is over, what are you planning for the week to come? Did you make any gains this week or are you a big loser who blew up their TFSA on wealthsimple trade? + +This is unregulated discussion. Remember this is a community to learn. **Downvotes are discouraged** + +Add 🚀🚀🚀 if you serious +I’ve saved my first ever $10,000 this year. I never thought I could do it and I just want to motivate others that even though it’s tough, it’s possible + +Edit: this post has BLOWN up. Holy cow really grateful for all the nice comments. + +A lot of people have been asking ‘How’ and I don’t have a special formula on how to get rich. I just saved every chance I could without being a ‘cheapskate’. Only went out to nice dinners sparingly, shop at discount stores. + +The biggest money saver for me was food. It’s boggling how much money you can save if you do a bit of meal prep. + + +Edit 2: holy cow guys. Just saw my post in r/rimjob_steve and I’m nothing short but honored lol. + +I hope this positively effects everyone it comes. +Bought a property and now have found signs of mold and moisture damage that was covered up before sale. The neighbor has informed me that the previous tenant had a grow operation in the house. +What’s the best route to follow up on this and where could I possibly obtain information that would show the sellers knew? +* The Federal Reserve is looking into trades that Raphael Bostic, the head of the central bank’s Atlanta district, made during restricted periods. +* Bostic said the violations were not intentional and occurred because of his reliance on a third-party manager who was handling his investments. + +The Federal Reserve is looking into trades that Raphael Bostic, the head of the central bank’s Atlanta district, made during restricted periods. + +In the wake of disclosures that there were multiple incidents over the past several years in which Bostic’s investment activity violated Fed restrictions and blackout periods, the central bank said its Office of Inspector General would be reviewing the matter further. There also were incidents were Bostic incorrectly reported his assets. + +Fed Chair Jerome Powell “has asked the Office of Inspector General for the Federal Reserve Board to initiate an independent review of President Bostic’s financial disclosures,” a Fed spokesman said. “We look forward to the results of their work and will accept and take appropriate actions based on their findings.” + +Trading by Fed officials over the past several years has been a hot-button issue. Disclosures that multiple officials had been involved in investment moves at a time when the Fed was taking steps to support markets preceded the early retirements of two regional presidents, Eric Rosengren of Boston and Robert Kaplan of Dallas. + +Full article: [https://www.cnbc.com/2022/10/14/federal-reserve-probing-bostics-trading-after-blackout-period-transactions.html](https://www.cnbc.com/2022/10/14/federal-reserve-probing-bostics-trading-after-blackout-period-transactions.html) +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. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I am 23 and just got my first full time job making 60k a year. I have no debts at this time. I have a 401k with a match and a Roth. I am opening an account with a financial firm (I am blanking on the type of account but I will be able to pull money out whenever but will obviously have to pay capital gains tax) I have really aggressive financial goals which include paying cash for my first house and also retiring between 35-40. Everyone I tell this to says it is impossible. Are these goals out of reach? +Might be an out-there post, but reading Seneca's Letters to Lucilius I was struck by [18](https://en.wikisource.org/wiki/Moral_letters_to_Lucilius/Letter_18) and [20](https://en.wikisource.org/wiki/Moral_letters_to_Lucilius/Letter_20), which advise fatties (like Seneca was) to pretend being poor to rid themselves of the anxiety of losing everything. + +It seems like an interesting experiment for personal growth (i.e., relax a bit about SWR) and for child-rearing purposes (lack of 'practice' being a big difference between the bootstrap generation and their children). Has anyone here tried it? How'd it go? + +Quote from 18: + +> Set aside a certain number of days, during which you shall be content with the scantiest and cheapest fare, with coarse and rough dress, saying to yourself the while: "Is this the condition that I feared?" + +Quote from 20: + +> I hold it essential, therefore, to do as I have told you in a letter that great men have often done: to reserve a few days in which we may prepare ourselves for real poverty by means of fancied poverty. +My gf (21F) is a lovely human being who I (23M) was lucky enough to move in with 6 months ago when she got a new job. We both moved out from our parents houses to live together. She was on $40k/yr receptionist job but now is on $60k/yr receptionist job. She dropped out of uni at 19 (she completed 1 year of uni) and has HECS debt of \~$12k and a $15k car loan. I on the other hand have a $50k HECS debt but on a $100,000 salary with relatively passive side hustles earning me another $10,000-$15,000 a year, with $100,000 in investments. + +She regularly complains how her adult sister (another sister) makes $90k/yr and is terrible with money and often tries to advise her how to manage her money and save money. Provided my gf gives okay advice to her sister. + +Last night she was upset because after all her Christmas Gift Shopping, she has $2,500 left to her name and she wanted to go visit her family in QLD from NSW and then bring her teen sister from QLD to NSW for a mini holiday. She ended up purchasing the tickets for $500. + +My concern is, after 6 months on a $60k/yr job she has only $2k left. She is fairly hard headed and despises being helped. She wants to be seen as the well put together person who gives helps, not receives it. However, I am worried we won't be able to achieve basic couple goals like purchasing a home or starting a family (both which require a lot of money). My GF wants both of these things as well. Last week, I was at a restaurant and over heard a slightly older couple than us arguing about how she wanted to buy a home and start a family and how he continues to spend all his paycheck. I am in a similar scenario where my GF uber eats 1-3 times a week, gets takeaway once a week, impulsive buys, buys without looking deals etc. Any advice? +I see quite a few threads on this sub asking about taxes and pay as an “independent contractor” or “1099 employee” where the OP goes on to say they have a set schedule, set work assignments, and get paid at regular intervals. This IS NOT what an independent contractor is, and there’s a good chance the worker in question is being misclassified as a contractor when they’re in fact an employee. + +Employers misclassify employees as contractors in order to avoid paying payroll taxes like unemployment insurance premiums and the employer’s share of FICA (Social Security and Medicare) withholdings. The misclassified workers also don’t get the protection of worker’s compensation or other employment laws. It’s a rampant problem (especially in recent years), and any “independent contractor” should take a careful look at their business relationship. + +There are laws in most states that distinguish a true contractor from an employee, and the IRS has its own set of standards (see [https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee](https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-or-employee)). In a nutshell, being a contractor or employee comes down to how much control the business paying you has over your work and finances. + +* If the business you’re working for can tell you when, where, and how to work or has set methods/procedures, you’re probably NOT an independent contractor. +* If your job performance is measured against the business’s standards, you’re probably NOT an independent contractor. +* If the business you’re working for reimburses your expenses, gives you tools/equipment and materials to do your work, or pays you by the hour, week, month, etc., you’re probably NOT an independent contractor. +* If you only work for one company, provide services to them full-time, and do so continuously (i.e. not project-based work), you’re probably NOT an independent contractor. +* If you can quit or be fired at any time without cause/notice or financial repercussions (i.e. working at-will), you’re probably NOT an independent contractor. + +If you think you might actually be an employee based on factors like these, but are getting a 1099-MISC instead of a W-2 and are being treated as a “contractor,” **Please Report It** to your state’s revenue agency, unemployment agency, and/or labor department. You can also file Form SS-8 with the IRS, but the IRS is very underfunded/understaffed right now, so you may want to reach out to your state’s agencies first. Your state can probably do an audit and then refer the findings to the IRS on its own. + +Worker misclassification is a HUGE problem that needs more attention. Businesses might save on payroll taxes by passing off employees as “contractors,” but the misclassified worker gets all of the tax liability and none of the protections. + +tl;dr – Employees get misclassified as “independent contractors” all the time. Know the factors and report it if you think something’s amiss. +So I’ve been thinking about regrets people have had in the past, you know the stories where people say “oh I invested in Bitcoin at $1,000 but sold when it hit $7,000” we’ve seen the same regrets over and over again. + +Here’s a solution. Say you wanna hold for at least 5 years, but you’re afraid your paper hands mentality will take over and you’ll sell early, here’s what you do. + +1) invest as much as you can into BTC (or whatever coin you have faith in) + +2) You commit a crime that gets you that many years, maybe armed robbery? GTA? I dunno, DYOR with the crimes in your local area. + +Plead guilty, do the time, come out rich as fuck. + +This is financial advice, you’re welcome. + +/s +I feel this would have been a much harder struggle had he been similar to that AntiW mod on Fox lately. Roaring Kitty is not our leader but he was the main figurehead due to his investment at the time of the court hearing and this recent debacle makes me appreciate his professionalism so much more. + +Just shows how easy it is to entirely discredit an entire group of various individuals by focusing on 1 weak link. We've experienced a tonne of it here over the last year (runic glory) but luckily have not had such a public shitshow. + +In summary. Thank you Keith. Hope you're living happily and taking care of yourself. +&#x200B; + +https://preview.redd.it/d5wzyodjtdl91.png?width=1039&format=png&auto=webp&s=5f8cf9cd556ce6bcf2c139c8c539f4b6cd88022c + +This time I will label it DD, because last time I was told I should.If you remember this post from u/deeproot3d : [https://www.reddit.com/r/Superstonk/comments/vyv9x4/part\_4\_critical\_margin\_theory\_shown\_in\_price/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vyv9x4/part_4_critical_margin_theory_shown_in_price/?utm_source=share&utm_medium=web2x&context=3) + +Then you read it 2 months ago around July 14th, before the subsequent run up. + +I had posted about this here on July 12th: [https://www.reddit.com/r/Superstonk/comments/vxfhdp/spygme\_back\_at\_it\_again\_testing\_that\_support\_gme/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vxfhdp/spygme_back_at_it_again_testing_that_support_gme/?utm_source=share&utm_medium=web2x&context=3) + +and 13th: [https://www.reddit.com/r/Superstonk/comments/vy3p15/this\_relationship\_will\_be\_truly\_tested\_todayweek/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/vy3p15/this_relationship_will_be_truly_tested_todayweek/?utm_source=share&utm_medium=web2x&context=3) + +,where u/deeproot3d picked up on it and really helped me get this out there. + +First of all, this chart is inverse to GME price, but positive correlation with SPY. + +Now I have for you the other side of this spicy pepper.Once the SPY/GME price ratio reaches the green line on the top, that is basically the bottom for GME. They cannot push it lower, and then sudden buying starts. HOW CONVENIENT. Because we are almost at ER, on Wednesday, and we already bottomed out today on Thursday. + +They have brought down GME hard, and fast to get rid of paperhanded bitches. + +🟣The difference here between touching the top line (green) vs the bottom purple line is that BELOW the PURPLE line, hedgies are FUCKED. They are under-water, and their COLLATERAL is not enough, margin calls start going out and someone might get liquidated.I believe that happened on the week of August 1rd, when it closed below PURPLE line on the Friday, Aug 5st. Then Hedgies were fucked over weekend to cover, 20% jump on following Monday the 8th. + +This also leads me to believe that Shitadel borrow $600 Million the following Thursday the 18th, to get themselves out of the fucking hole they were drowning in from their own sweat, because on the 19th, suddenly the price ratio gaps up above the purple line and continues to fuck GME down 33%. + +🟢GOing ABOVE the GREEN line here indicates that price suppression has reached a limit. This does not mean absolute, because remember, Shitadel did borrow 600 Mil. But that doesnt mean that they are not about to get fucked. Above the green line means that they have neared their shorting capacity and they have about 10 days (as evidenced by the past) before some short covering starts and the price starts moving up in a positive trend for the next spike or cycle up. As you can see that shortly after a few days there is a sudden drop in the ratio towards the purple line. The past 2 times that has lead to 150% increase from the GME bottom to the GME peak. The GME bottoms happen at the green line touch. + +THIS HAPPENED TODAY. So if history repeats, I can safely mark today (thursday) as the bottom and watch GME jump at least back to $40-$45 in the next few days(about 60%), if not higher. 150% would be about $69. + +Again as i mentioned above, just check it out for yourselves, the dates March 18 and May 12. + +ENHANCE: + +[Shitadel borrowing money](https://preview.redd.it/ltgg8scb3el91.png?width=862&format=png&auto=webp&s=4f1c95724efa19a44473fe2a5c752a2974a99d54) + +[These 2 weeks ended below purple line, and the week after they got the loan to get above.](https://preview.redd.it/a5tqo0x04el91.png?width=962&format=png&auto=webp&s=b4c95e7ffbd5e45f4a14a9c4201860e88bf35a60) + +You might be wondering now, if at the purple line they dont have enough collateral so they are fucked, then how can they also be fucked at the top green line?Well if you look at it as, GME buyers are always buying and diamond handing, then it is simple. When we get to the Green line, there are too many buyers and not enough short sellers of GME. I mean this discount is NOICE!So then they cover their short position or too many apes buying and degenerates yolo calls, then they end up at the Purple line, not enough collateral. Then at the collateral line what can they do? Can they increase the collateral? Sure, they can cause a bear market rally and push up the markets. OR if the markets are already too high, for example week of march 28 and aug 8th, then they crush the price of GME, as the markets also come crashing down. Because it is a lot easier to move GME down by 10s of % than it is to move the whole market. So right now I think that GME is about to go up and the market is going to pull back up to try to keep up with it. Or they are going to go full force on shorting until something absolutely breaks the market if im wrong. + +Last note, remember, the Green Line is not a Critical margin line, it is basically a limit to their selling power, or it would be like the critical margin to apes' GME buying power (but it isnt because buying GME cant be done on margin and it isnt infinite risk. ) So i can best describe it as the a line that limits their ability to short GME. BUT, drop the market at this point and it gives them the ability to short GME some more, but only at the same rate as the market drops. + +Thanks, I hope you like my theory, i hope it checks out this one time. And I hope we all go to the moon soon. DRS your shit. + +&#x200B; + +Edit PS: I didnt say that today is moass. I didnt say that we cant go lower. I didnt say to buy options. Im saying that we are bottoming and the past few weeks of straight decline are about to end, don't be discouraged, buy more hodl drs. +All my Mfs are at an all time high. They are giving almost 25% returns(annually!). But the thing is all of them are equity funds. Should I book the profits and and move them to liquid funds for now or they don't matter in the long run. Please discuss, while keeping it in mind that I won't be needing this money anywhere near in the future. +As with every formula in physics, we have to know how it was derived, so that we can understand and trust it for making rockets land on the moon. I want to lay down my thinking process and then come up with the rules and steps for the trading system so that you will understand it better. + +I am sure everyone would have made this observation that if you buy low or sell high, you will make a profit. This is the foundation of every single trading system there exists. + +So we now have our **Rule 1:** **Buy the Dips and Sell the Peaks** + +*NOTE: Here, Dips indicate short-term retracement* *to the downside and Peaks indicate short-term retracement to the upside.* + +Now, if we just randomly start buying when the market dips, then we might get stopped out because it would be in a strong downtrend and even if we don't get stopped out, we would be stuck in consolidation for a long time. It might also result in small profits and big losses. + +This is why we should always Buy the Dips in an Uptrend and Sell the Peaks in a Downtrend. + +So, our modified **Rule 1: Buy the Dips in an Uptrend and Sell the Peaks in a Downtrend** + +Now, according to Rule 1, we have to find out those markets that are in a strong trend, right? How will you do that? It is also simple, just look at the Daily and Weekly TFs and figure out if the candles are moving up or down or sideways. If they were moving sideways for a long time, you need to discard those markets right away. If the markets on Daily and Weekly TFs are in an uptrend, then it is called a **strong uptrend** and vice-versa. + +Next, after we have shortlisted the trending pairs (max 5 pairs recommended), our next task according to Rule 1 is to wait for a **Dip in an Uptrend or a Peak in a Downtrend.** This is, by far, the most difficult part of trading. The patience required by a trader to wait for the market to start its Dip or Peak and wait for it to end before entering a trade is priceless. It cannot be bought from someone or developed overnight. It requires experience and the right mindset. + +Now, let's say you have the patience for the markets to start their retracement i.e. a move against the trend, our next obvious problem according to Rule 1 would be to figure out if a retracement is about to end or not. + +So for that, we use technical tools like support-resistance (S/R) and trendlines (TL). These are the common ones. Everyone uses them. So, we will use them too. Draw out the nearest 2 TLs in the direction of the trend on the 4H and Daily TF only. If it is an uptrend, mark the prior low such that if it gets broken, the entire uptrend gets invalidated and vice-versa. These markings of TL and S/R determine the position of the market with respect to the trend. It helps in gauging if the markets are high or low. So for example, if the price is near a TL or prior low in an uptrend, we know that it is at a low point. This is when we look for a buy. + +Along with them, we will use a 50 EMA which should be used only on the 1H TF. In an uptrend, if the price is below the 50 EMA, then only you are allowed to buy. But you are not allowed to enter yet. + +One more factor is missing. And it is **the Timing**. This is the deciding factor whether you should enter the trade or not. As many of you know that the London-New York Overlap (LN Overlap) is the most volatile time of the day, you should consider entering the trade only during that overlap. Why? It is because, during the non-volatile time of the day, the markets tend to be controlled by algorithmic trading robots who take the price near zones of high liquidity i.e. stop-loss clusters ([Reference](https://www.investopedia.com/articles/forex/08/forex-trading-schedule-trading-times.asp)). This is why markets may generate false signals before the overlap and move in the opposite direction during the overlap. Also, I have observed that most of the time, the markets make a U-Turn during the overlap of the two sessions. It is during the overlap the markets make huge moves. This is why you should look to enter only during the LN Overlap. + +Now, the timing is done. What about the entry criteria? Well, it is simple too. In an uptrend, go to 15 min TF, mark the nearest resistance level, wait for the market to break and retest it, then you are allowed to enter the trade. Keep your SL as wide as possible according to your 1% risk. The exit must be at 50% and 0% of the retracement and keep one more position open forever until you feel like closing it. + +&#x200B; + +**So to conclude all of this, let's list down all of the steps:** + +1. Remember **Rule 1: Buy the Dips in an Uptrend and Sell the Peaks in a Downtrend** +2. **Trend:** Every weekend, go through all the pairs and pick 5 of them that are in a strong up or downtrend. +3. **Retracement:** Wait for a retracement to the nearest TL or S/R plotted on 4H and Daily TF, stay patient, the most difficult part of trading. Plot only the supports in case of an uptrend and resistances in case of a downtrend. Look at the 50 EMA on the 1H chart and see if it the price is above or below it. In an uptrend, if the price is below the 50 EMA then only you are allowed to buy and vice-versa. Some people say that the price should be above the 50 EMA for buys, I disagree. +4. **Entry:** Enter only during the LN Overlap and only after the 15 min resistance has been broken and retested in case of an uptrend. Stay cautious during High Impact News or don't trade at all. Move SL to breakeven after 25 pips. +5. **Exit:** 1st Target must be 50% of the retracement and 2nd target would be the beginning of the retracement. +6. Stay confident and patient. + +&#x200B; + +**Lessons to Remember:** + +* **Rule 1: Buy the Dips in an Uptrend and Sell the Peaks in a Downtrend** +* Don't enter when there is low volatility in the markets, as it might end up hitting your SL because of algorithmic trading robots. Enter only during the LN Overlap. +* Risk only 1% per trade. +* Keep your SL as wide as possible to give the market space to breathe. + +&#x200B; + +I am sure that you won't be able to stay patient for the markets to finish their retracement. Humans are impulsive in nature. They want it as soon as possible. The feeling of being in a trade is far more strong and satisfying as compared to losing money. This is why we don't stay disciplined and lose. + +&#x200B; + +>You know what, you don't even need to go through all these steps, just look at the bare charts, identify the trend, wait for a retracement and enter a trade in the direction of trend during the LN Overlap. Super simple. Just do this. +> +>The tip that changed everything for me was entering during the LN Overlap. + +&#x200B; + +You might ask, what is the win rate of this Trading System? I would say it is definitely more than 75%. The 25% is the case when the trend is about to change or if there is an SL hunt which is done mostly during high impact news. + +Thanks for reading. ❤️ + [Demand for new homes has teardowns on the rise in Detroit suburbs | Crain's Detroit Business (archive.ph)](https://archive.ph/aAZrH) + +One of the contributors to this article said their company used to buy homes in the $25-$40k range to tear down and rebuild. Now they're buying up older lakefront homes up to $600k, tearing them down, and building $1.5M homes. + +Are you seeing this in your areas as well? +Unfortunately my dad did not properly save for retirement — after an expensive divorce from my mom resulting in bankruptcy, he never has quite recovered financially. + +To this point, he has been able to get by on Social Security + doing miscellaneous jobs for short periods of time, but he has chronic back and knee pain that prohibit him from working on his feet for very long. He also unfortunately fell and broke his hip a few weeks ago. + +The unfortunate reality is that he is too old to continue working in the traditional sense and I don’t know how he will be able to pay rent and afford his living expenses in the near future. I cannot afford to pay for his living expenses, so I am extremely stressed about what to do. + +What can be done for someone in this situation? Please do not criticize him — what’s done is done and I am just looking for a way to move forward. +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. +The U.S. economy contracted for the second straight quarter from April to June, hitting a widely accepted rule of thumb for a recession, the Bureau of Economic Analysis reported Thursday. + +Pressured by surging inflation, rising interest rates and intensifying supply chain pressures, gross domestic product fell 0.9% for the period, following a 1.6% decline in the first quarter. The Dow Jones estimate was for a gain of 0.3%. + +Officially, the National Bureau of Economic Research declares recessions and expansions, and likely won’t make a judgment on the period in question for months if not longer. + +But a second straight negative GDP reading meets a long-held basic view of recession, despite the unusual circumstances of the decline and regardless of what the NBER decides. GDP is the broadest measure of the economy and encompasses the total level of goods and services produced during the period. + +https://www.cnbc.com/2022/07/28/gdp-q2-.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) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Edit: IPO\* *Sorry for the title being all jacked up, I write these things sloppy thinking maybe 10 people will see it.* + +MSM, these brokers, literally doing everything in their power to push FUD onto GameStop and crush any momentum. It is no accident this headline stayed on top all day. + +*7 Potential IPOs in 2022: Discord, OpenSea...* + +https://preview.redd.it/3abtdv3cel881.jpg?width=1136&format=pjpg&auto=webp&s=afeb49953eb908419f82630c2992d6c645da1da5 + +To be honest, at first I couldn't even figure out why that headline was on the GME ticker to begin with. Must be some typical fluff in the article where they mention GME to make sure they attach this misleading headline to the ticker. Then it hit me, "Oh, they are responding through headlines to the superstonk reddit posts that created the current NFT Marketplace hype. WTF?" + +&#x200B; + +Let's make this clear, they do not want GameStop NFT marketplace to be successful. This breaks the mold about what they thought GameStop was, what and why they were shorting, and even what they thought it was going to be going forward. This nft marketplace isn't just GameStop moving into e-commerce, which they can compare to other companies attempting the same and easily fud as GameStop makes this transition. This marketplace is a **game**changer. *Enough of a gamechanger that MSM is prematurely trying to push another nft marketplace into IPO territory.* Yesterday I made a post stating that GameStop NFT marketplace would be the only public company that had a NFT marketplace, which could lead to other major companies interested in creating NFTs being open to working with them. The brand is on the public market, trustworthy, and accountable. This made the front page. Sure enough, the following day MSM releases a fallacious headline mentioning OpenSea being a possible IPO for 2022. Because, well, anything is *possible* right? I guess it's not a lie if its possible. + +They read our reddit and literally the next day counter any buzz points we make with **misleading** headlines. This was no coincidence. + +So what do I do? I look into it. + +The headline is deceptive, as opensea has publicly stated they are not planning an IPO. On December 9, 2021, after a huge backlash within the OpenSea community, Chief financial officer Brian Roberts, is quoted as saying: + +“Let me set the record straight: there is a big gap between thinking about what an IPO might eventually look like & actively planning one. **We are not planning an IPO,** and if we ever did, we would look to involve the community.” + +Of course MSM ignores that, as that doesn't help stop GME's momentum. Benzinga creates the headline, throws GME in the article with some fluff point to make sure it stickies to your ticker, and the brokers sit it right on top your favorite stonks news feed all day (and night). + +Anyway. I no longer believe anything with the GME ticker is a coincidence, glitch, or accident. They see the momentum with the NFT marketplace, GameStop being a known brand, a publicly traded company, and hopefully first in the race to bring a NFT marketplace to the table for mainstream projects and releases (games, exclusive game items, collectables in nft form, sports collectables \*no longer need to pay to have a sports card verified authentic - nft does this for you\*, movie collectables, shoe collectables \*no longer need to keep our receipts due to counterfeiting\*). If you believe in this group of guys running the company then you know they have bigger ideas than just transitioning to e-commerce. The marketplace shows us that. MSM can't let this happen and these fucking guys will stop at nothing. They have name recognition, 1.4b on the back burner, no debt, and a markerplace in the works that could be a gamechanger (see the great reply below to see what this marketplace could mean for GameStop). The bottom line is, this headline actually reinforces what we already knew, the new marketplace is a company changer, or a whole new company within a company. Bullish. + +&#x200B; + +[This reply below needs more eyes on it. Know what you hold!](https://preview.redd.it/6qjgnw172o881.jpg?width=567&format=pjpg&auto=webp&s=96cb1ce94591f0b3a977947b0285bc61f50cd187) + +And to reiterate, THIS IS WHY GME KEEP THEIR PLANS QUIET. They know the media is against them and will purposely do the above to ANYTHING they announce. +Hi AusFinance, + +Event: Basically, a big developer like Meriton is attempting to buy out 3 apartment's and the underlying land to build a newer apartment complex. + + +So far from talking to others and some real estate agents I have gathered the following: + +\- if at least 75% of the occupants agree to the buyout, everyone in the apartment complex is forced to sell +\- Often these big developers may bump up the selling price to 10-20% to incentivise current owners of the apartment to sell + + +I wanted to ask if anyone here has ever experienced this event before, and how I as a current owner can maximise my profits from selling. Should I gather the other owners in my apartment complex and agree on a certain price to sell that is above market value, not sure how these things work. + + +Any advice or even anecdotes is appreciated as this event is something i'm very unfamiliar with +Reposting for maximum visibility ! + +For the new apes , plz relax and enjoy this bumpy ride we are up against the endboss. This was expected to happen. They cant do this shit for too long. I have a feeling that the upcoming days will be interesting 😉 + + +https://www.reddit.com/r/Superstonk/comments/nrgcyc/psa_voting_will_be_underreported_reposted_on_june/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +PS: I’m not a financial advisor and this not a financial advice , I eat crayons everyday and shit in my pants. 🚀👐🏻💎🦍 +Read all Q2 reports for these, found all the dividends history, payout ratios, etc. This table does not take into account the type of properties, etc. Only the payout ratio (less than 100% = OK), if the dividends were increased in the last 5 years and if the share price increased, stayed stable(ish) or decreased in the last 5 years. + +Dark green is very good, light green is good, yellow it depends, red = GTFO. + +Will be interesting to update with Q3 results. + +https://preview.redd.it/pgva4wa4wcv51.png?width=827&format=png&auto=webp&s=7a90d2713ae1c82d75404f3277b5c251be87584f +I’ve achieved fat fire but am just bored. Looking to buy a business (thinking remote or online for location freedom) just to have something to do enjoy. Has anyone else had trouble transitioning out of working. I’ve realized making money was just a game for me and now that I don’t have that game I’m just absurdly bored. I’ve reached out to a few people on twitter/through friends who seem to be in interesting fields that I think could be fun with no luck yet. Any recommendations or businesses I should look into would be super helpful! +# Olympus - the first, the original. Fuck all the copycats, with zero the skill, zero the hype. + +Crazy clean launch with based devs with a lot of experience driving successful projects all the way back since PCS v1 days. They have the tools necessary, heavy solidity coding experience and the contacts to make this explode and drive us to the moon. Not to mention the 45 strong marketing and mod team behind the scenes that's putting based plans in action. + +**First huge promo is up by the one and only Jay Alvarrez, Insta crypto celeb with >6.5 million followers!** + +[**https://instagram.com/stories/jayalvarrez/2609219766263345739?utm\_medium=copy\_link**](https://instagram.com/stories/jayalvarrez/2609219766263345739?utm_medium=copy_link) + +One thing has become clear as the momentum on the bull run has momentarily stalled with gains wiped off the board while the patient investor bides their time. + +And that is in spite of market conditions, appetites are still strong for the next big thing. + +That’s right, just like how a casino keeps the lights running even when the S&P is short circuiting, the memecoin market keeps turning and **new coins to find** **10x, 100x, 1000x gains off of keep rolling out.** + +So when you find a token that has this level of support behind it **(over 100k+ whitelist subscribers prelaunch, 15k+ members in TG)** and the ability to provide improved mechanics which made **SafeMoon** and **EverRise** explode **(developers of BOG, Gabe, Bingus, all teaming up)**, it’s an easy recipe for success. + +And thanks to the **revolutionized recipe Olympus provides**, all you have to do is buy the token and wait for reflection taxes to return you your investment and more. + +By taking a piece of every transaction and converting the value into **BUSD that gets reflected right into your wallet**, you can collect stables simply by watching Olympus bring in volume. + +As such, this truly is the first token to allow you to win simply by buying and holding. And that’s before considering the **buyback mechanic** that will help Olympus keep its price looking healthy and chart ascending to the gates of holy gains. + +In the steady hands of experienced professionals, expect this market cap to skyrocket following the release of the HUGE marketing schedule in the next 1 week. + +From there, if the market continues to rise, we can expect **$100M to be up next** with the development and marketing behind this project. + +So if you still aren’t in, make sure you join up ASAP. There’s BUSD reflections to be made and with frequent payouts, the **clock is ticking on maximizing your gains**. + +DYOR and don’t play with more than you’re willing to lose, but the **risk/reward with known teams and reputations on the line is a lot better** than what you’re going to see with most new coins out here. + +Telegram: [https://t.me/OlympusOfficial](https://t.me/OlympusOfficial) + +Website: [https://olympustoken.io/](https://olympustoken.io/) +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.** +Training starts Friday, pays $18.50 per hour, probably gonna lose my food stamps as this puts me at $31,000 per year if my math is right. Credit karma has my credit scores at 560ish for both equifax and transunion, both derogatory marks are less than $400 a peice. I'd be happy to pay them off If I knew how. + +If I did the math right, I should be earning $700 per week. My existing expenses are as follows. + +Car insurance, $552 biannuall + +Phone: $300 biannuall + +Triple A: $60 biannuall + +Gym membership: $25 a month, this is how I shower. + + +I live in my car, so no rental payment, but winter is coming here in Colorado so I may have to reconsider my position. + +Both are paid up in advanced through February, and I fully intend to have another 6 months ready for the next payment. + +I have $400 to my name at the time of writing this, and I want to have bare minimum of $10,000 in my account by the end of 2022. + +I'm open to suggestions. + +Edit: added more details as people were asking. Also added more of my monthly expenses as its been coming up. + + +Update: so it turns out that the training i thought I would get isn't actually happening. The way I understood it, I would be sat behind the wheel of the sprinter van, train for a few days, and then get tested. + +What ended up happening, was that I instead was plopped into the van and tested with no training at all. Idk if any of you have ever driven a sprinter van before, but its difficult for us 6ft bastards with no experience. I ended up losing the job. +# [AMA Details](https://i.imgur.com/mUzKPwR.png) + +# [Verification on LinkedIn](https://www.linkedin.com/posts/bhanuharish_we-are-having-an-ama-session-tomorrow-where-activity-6826840000743772160-5oBn) + +This Saturday evening, join us for chit-chat on all things insurance and entreprenuership, with co-founder of Finshots / Ditto Insurance, Bhanu Gurram; and his team. + +In 2017, still in their second year of MBA at IIM-Ahmedabad, they conceived the idea for [Finshots](https://finshots.in/), a _three-minute daily newsletter_ encompassing everything about business and finance in a language that a layman could easily comprehend. + +Drawing a blueprint of their potential problems and challenges, doing their market research, and experimenting with ideas for Finshots during college, they dreamt of building a source that didn’t headline or sensationalise the news - but helped its readers understand the backdrop of a particular financial headline. + +What started as a pilot amongst four friends found resonance amongst a lot of readers who embraced Finshots and its offerings. Today, Finshots has amassed about 350,000 subscribers, continuing to simplify business and financial news for its readers, whether it’s about the much-talked-about Google’s 30% tax, or Abenomics. + +Then there's [Ditto Insurance](https://joinditto.in/), a product aimed to simplify insurance for the masses. + +This AMA would be focused on all things health & term insurance, and lessons in building products for the masses. + +Kindly post your queries below, if you are unable to make it. We'd field it in front of the guests, during the AMA. + +**NOTE**: AMA is on our subeddit, and not on our [Discord](https://indiainvestments.wiki/discord) +[https://www.cnbc.com/2022/06/10/consumer-price-index-may-2022.html](https://www.cnbc.com/2022/06/10/consumer-price-index-may-2022.html) + + + +Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday. + +The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called core CPI was up 6%, slightly higher than the 5.9% estimate. + +On a monthly basis, headline CPI was up 1% while core rose 0.6%, compared to respective estimates of 0.7% and 0.5%. + +Surging shelter, gasoline and food prices all contributed to the increase. + +Energy prices broadly rose 3.9% from a month ago, bringing the annual gain to 34.6%. Within the category, fuel oil posted a 16.9% monthly gain, pushing the 12-month surge to 106.7%. + +Shelter costs, which account for about a one-third weighting on the CPI, rose 0.6% for the month, the fastest one-month gain since March 2004. The 5.5% 12-month gain is the most since February 1991. + +Finally, food costs climbed another 1.2% in May, bringing the year-over-year gain to 10.1%. + +Those escalating prices meant workers took another pay cut during the month. Real wages when accounting for inflation fell 0.6% in April, even though average hourly earnings rose 0.3%. On a 12-month basis, real average hourly earnings were down 3%. + +Markets reacted negatively to the report, with stock futures indicating a sharply lower open on Wall Street and government bond yields rising. + +Some of the biggest increases came in airfares (up 12.6% on the month), used cars and trucks (1.8%), and dairy products (2.9%). + +Friday’s numbers dented hopes that inflation may have peaked and adds to fears that the U.S. economy is nearing a recession. + +The inflation report comes with the Federal Reserve in the early stages of a rate-hiking campaign to slow growth and bring down prices. May’s report likely solidifies the likelihood of multiple 50 basis point interest rate increases ahead. + +“Obviously, nothing is good in this report,” said Julian Bridgen, president of MI2 Partners, a global macroeconomic research firm. “There is nothing in there that’s going to give the Fed any cheer. ... I struggle to see how the Fed can back off.” + +With 75 basis points of interest rate rises already under its belt, markets widely expect the Fed to continue tightening policy through the year and possibly into 2023. The central bank’s benchmark short-term borrowing rate is currently anchored around 0.75% -1% and is expected to rise to 2.75%-3% by the end of the year, according to CME Group estimates. + +Inflation has been a political headache for the White House and President [Joe Biden](https://www.cnbc.com/joe-biden/). + +Administration officials pin most of the blame for the surge on supply chain issues related to [the Covid pandemic](https://www.cnbc.com/coronavirus/), imbalances created by outsized demand for goods over services, and [the Russian attack on Ukraine](https://www.cnbc.com/2022/06/10/russia-ukraine-live-updates.html). + +In a recent Wall Street Journal op-ed, Biden said he will push for further improvements to supply chains and continue efforts to bring down the budget deficit. + +However, he and Treasury Secretary Janet Yellen both have emphasized that much of the responsibility for lowering inflation belongs to the Fed. The administration has largely denied that the trillions of dollars directed toward Covid aid played a major role. + +How much the central bank will have to raise rates remains to be seen. Former Treasury Secretary Larry Summers recently released a white paper with a team of other economists that suggests the Fed will need to go further than many are anticipating. The paper asserts that the current inflation predicament is closer to the 1980s situation than it appears because of differences in the ways that CPI is computed then and now. +Article might be relevant in this sub because Ebix has filed for DRHP to IPO its Indian subsidiary EbixCash, earlier this year. [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/ebixcash-files-draft-papers-with-sebi-for-rs-6000-cr-ipo/articleshow/90125247.cms) + +Full article: https://hindenburgresearch.com/ebix/ + +> Summary: Ebix, Inc. (NASDAQ:EBIX) +Ebix is a U.S. listed conglomerate with a focus on payment services, travel, and IT in India with a market cap of about $800 million. + +> The company is planning a $4.5 billion IPO of its 100% owned Indian subsidiary, EbixCash, implying an imminent quadrupling of Ebix’s enterprise value. Ebix stock initially tore 75% higher on news of the planned IPO but has since fallen back to pre-IPO-announcement levels. + +> Ebix reported revenue growth of 71% during the 2-year period of 2019-2021, driven largely by sales of prepaid gift cards. Without its gift card division, Ebix’s sales would have declined by 32% in the period. + +> At EbixCash (the subsidiary it plans to IPO) the gift card division accounted for 82% of 2021 revenue. +For Ebix, the IPO is a race against the solvency clock: the company has $643.9 million in debt coming due in February 2023 and only $75.9 million in cash and cash equivalents as of last quarter-end. It hopes to deploy $350 million in proceeds from the IPO to pay down debt. + +> But the EbixCash IPO has faced questions and delays for the last three years. The company had previously missed targets of 2H 2019, Q2 2020, “towards the end of 2021” and Q1 2022 as prior planned dates for the IPO. +In February 2021, Ebix’s auditor, RSM, resigned because Ebix wouldn’t provide evidence regarding “unusual transactions related to the Company’s gift card business in India”. The auditor was “unable, despite repeated inquiries, to obtain sufficient appropriate audit evidence that would allow it to evaluate the business purpose of significant unusual transactions.” + +> Indian corporate records reveal that the unusual transactions seem to have accelerated since the auditor’s resignation. EbixCash’s key gift card subsidiary has two customers that comprised a total of ~$89 million in 2021 revenue (almost 10% of parent Ebix’s topline revenue). Neither customer’s business appears to be functional, and the top customer appears to have an undisclosed prior relationship with the entity. +The top customer reported just $151,000 in sales in its most recent financials (2020) but has supposedly accounted for $46 million in revenue to EbixCash in FY 2021. We visited its official corporate address and found it was no longer in use. The entity’s key product was an app with only 1000+ downloads and 5 reviews, the last of which was 2018. + +> The second customer accounted for $43 million in revenue to EbixCash in FY 2021. Despite claiming in corporate filings that 99% of its revenue is derived from e-commerce, its website no longer works. The entity is registered to a 525 sq. foot office space in Delhi. We visited the site and found the business is no longer there. +EbixCash also claims to have a large retail distribution network. We visited the featured branch outlet highlighted in an EbixCash corporate presentation and found it doesn’t exist at the address. The picture of the branch seems to be obviously photoshopped to include an Ebix storefront where there isn’t one. + +> EbixCash’s subsidiary lists 970 supposed EbixCash independent distributors. We called every one of them: 403 didn’t pick up, 527 told us they didn’t sell Ebix cards, and 40 (~7% of those who picked up) told us they sold the cards. Many who sold the cards told us they were selling fewer now than prior to the pandemic, contrary to Ebix’s claims. + +> EbixCash also touts its technology offering, claiming its app has 1.5 million downloads. The Google Play store shows “100,000+” downloads with an average review of 1.5 stars across 2,400+ reviews. The ocean of 1-star reviews cite complaints such as money being fraudulently stolen from users, terrible customer service, and the app not working. + +> We also tested the app. Virtually every claimed feature didn’t work. An EbixCash rep told us the app was “under maintenance”. Based on our experience, the app isn’t even ready for the market let alone a prime-time IPO. +Ebix has a complicated corporate structure, reporting 69 key subsidiaries in 2021, with other sub-entities. In 2021, ~37% of its pre-tax income was derived from murky, opaque tax havens like Dubai and Mauritius. Given our findings on gift card revenue, we suspect there are other accounting skeletons in its closet. + +> Ebix has cycled through 7 different auditors since 2004, a classic hallmark of accounting irregularities. Its current auditor, KG Somani, is an Indian firm whose only U.S.-listed client is Ebix, per Public Company Accounting Oversight Board (PCAOB) records. +As a former executive of EbixCash told us, “The financial reporting was a very controlled thing. It’s very difficult for anybody running the company to have much visibility on the financial side. It’s very centrally controlled by (Chairman & CEO) Robin (Raina) and his close team. They’ve been working with him for a very very long time.” + +> We think a substantial portion of EbixCash’s gift card revenue is non-existent. Consequently, we expect the EbixCash IPO will flop or fail. Given Ebix’s massive near-term debt load in a rising rate environment, we see significant solvency risk over the next 12 months. +Surely people should not be evicted when the whole economy shuts down. But current set up makes the landlord responsible to sponsor this crisis for their tenants. The mortgage forbearance is not any kind of relief. Taxes, utilities and repairs still have to be paid on time whether rent is received or not. + +When jobs slowly resume, I imagine most tenants will choose to leave instead of having to pay off thousands in arrears accumulated in the last months. + +Am I wrong? +as the title states, I was given money from someone’s insurance. Now I’m pretty much new to this whole money thing but over the years I’ve always been curious about stuff like stocks and other forms of investments. Obviously I do not have the greatest idea on what direction to go because I just turned 18 last year. I am asking all of you on this sub to give me the best advice you have and how I should go about using this money in order to maximize profits and make the most of this money. Thank you. + +Edit: At work right now, didn’t expect to nearly get this much exposure. Thank you all for your responses, I will look into all of them when I get off. Thank you again +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! + +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! + +https://www.cnbc.com/2020/06/29/facebook-july-ad-suspension-ford-adidas-and-dennys-joim.html + +Companies are continuing to sign onto a Facebook advertising boycott. + +Ford, Adidas, and Denny’s are among the latest. + +So far, none of the advertisers are in the top spenders on Facebook this year, according to Pathmatics. +https://www.investing.com/ + +2% down on Thanksgiving day as I see it. News says it's a new variant of COVID found in South Africa. + +I'll be selling VXX calls tomorrow +Welcome to AquaLove Token + + + +As the name suggests, this is a brand new token with the purpose to save the waters pollution. + +Ocean's are providing earth with the 80% of the oxygen which comes mostly from whales, dolphins and sharks. The level of plastic and chemical substances that are deposited in the water is rising. The cause of this is that big companies are not concerned about the problem, they are focused on making more profits. + +There are numerous charities focused on this matter and we can give them a hand. + + + +This token has two developers which will be dedicated 100% to this project. Their full time job is AquaLove. + + + +A token that burned 50% of the initial supply with a 10% transaction fees. + + + +5% of every transaction will be redistributed to the holders + +3% will be burned + +2% will go to te donation wallet + +Initial supply: 1QD + + + +Let's spread the word and help save oceans. + + + +Useful links: + + + +Website: /http://aqualove.net/ + + + +Telegram: https://t.me/AquaLoveChat + + + +Twitter: https://twitter.com/AquaLovetoken + + + +BSC: https://bscscan.com/address/0x62C21feE4Df2Dc24Ca08CFB60D11cA70cd47C24e + + + +Contract: 0x62C21feE4Df2Dc24Ca08CFB60D11cA70cd47C24e +Because of the crisis in Ukraine and the looming energy crisis in Europe we want to buy a house in the US. + +We are looking for an area that has +- warm winters +- a bigger city with an international airport in max. 2h +- clean and beautiful nature +- clean air +- clean water +- good schools +- ocean and mountains are not necessary + +Any recommendations are welcome! +This is what friends, family, and most importantly our short enemies on the other side of this trade can’t seem to get through their heads. They can’t believe that we believe so strongly in the fundamental picture now that we’re content to hold as these fundamentals play out. + +A true long who is highly convicted in the underlying fundamentals is so dangerous to a short, because a true long invites dips as buying opportunities to fill up the bag and doesn’t sell on rips. A true long who is highly convicted sees the big picture, so there’s no flitting in and out of the trade like a scared little birdy. + +I think this is where big money still underestimates us. They think if they can get it just high enough we’ll sell to lock in profits or if they can just get it low enough and fud us enough we’ll capitulate and sell to avoid further losses. + +They don’t get that we’re true longs now, that the dd bears out a thesis where this thing could 100x or more on organic growth alone. Why the fuck would I sell for relative peanuts when I’m sitting on what I believe to be a 100 bagger or more? Why the fuck wouldn’t I load up the bag like my life depended on it if they’re successful in tanking the price again when I know full well that tanking is due to more short selling and not the fully committed long investor base selling off? + +Retail becoming true longs in this play is what the shorts hate and fear the most, and it’s exactly what has happened. +General contractors can pull permits and can handle most of the work themselves. Even after i get to the point where I start hiring people out, I’ll have a much better idea of how much projects should cost and how they should be done which will help keep a tight budget. + +On the other hand, real estate agents could focus entirely on acquiring new properties and just hire out the dirty work. It’ll cost more but I’ll have better access to listings on the MLS and first dibs when sellers come to me. + +Which path do you guys think is the fastest or better overall route to succeeding in real estate investing? + + +Edit: a few people were saying that getting a contractor license requires a few years of experience in trades so I looked it for my state (MI) and it seems like all we need to do is take 60 hours of classes and pass some exams. Maybe I’m reading this wrong but if that’s the case then it would be in my best interest to just go ahead and get licensed since I’m a newbie anyways and taking the classes would be invaluable. +I remember one of the mods over at r/econmonitor mentioning that, while they are generally similar, these two perspectives often clash. Does anyone know any examples of this happening? +Please correct me if I am wrong and I am more than open to your advises. Maybe, you can enlighten nowadays' Economics students. Will try to less arrogant: + +I chose the major with the mindset that Economics is an interdisciplinary field and in the crossroad of Business and Technology. However, being sophomore undergraduate, I am somehow losing interest as I gradually feel that Economics teaches me the world as it is and kinda does not offer me tools to build something ( sounds egoistic i know but, I like to build, lead things). Building, creativity involving courses such as Microeconomics (Intermediate) fascinates me though. But courses such as Macroeconomics and Money, Banking& Financial Markets are so-so for me ( feel like retired grandpas watching economy news when I read them). once I& my friends thought about implementing startup idea, felt like useless major student and think that even Finance majors would be more useful in this case. When my uncle& dad suggest me to do research on some Economics topics (such as how can we improve our small nation in the Caucasus economically), felt like "what good will it offer me then?". I guess I kinda fond of science entrepreneurship. Fyi, I hear advises like thinking about ML, Data Science and Analytics. What is your perspective? +My colleagues are always talking about investing in real estate. + +Talking about "property" for investment is the only option for them. + +I on the other hand have been investing in mutual funds and stocks for a long time. + +&#x200B; + +How do you convince people to consider looking into Investing in other instruments? +And the inverse, why do customers of said tower-owners like Verizon have to pay more, when Verizon gets supplemental income by renting out towers to smaller providers? + +I was always under the impression that when you own the infrastructure, its cheaper for you to use. What obvious fact am I missing? +[https://www.marketwatch.com/story/netflix-mgm-race-to-produce-projects-about-gamestop-saga-11612281493?mod=home-page](https://www.marketwatch.com/story/netflix-mgm-race-to-produce-projects-about-gamestop-saga-11612281493?mod=home-page) + +&#x200B; + +How will this story end? With a bunch of apes selling with paper hands? Or with a bunch of autists doubling down and going full retard. WSB has given happy endings for years to pay for FD's. Do we really want to throw away all those back alley blow jobs? Do we want this show to end with a fizzle, or with a ARE YOU NOT ENTERTAINED? + +Mark Cuban's speaking fee is $75,000. He just came here and unloaded his wisdom for free. For the benefit of our cause. + +u/deepfuckingvalue is holding 30m in shares + +Millions of retarded monkeys are holding the line + +Jerk off, collect yourself, lets show Melvin what the fuck we are made of. + +This is not financial advice, I have double down syndrome +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! + + +Final update +*Lyft issued a full refund * + + +Saturday I was out with buddies, went bar hopping. One of the Lyft drivers filed a cleaning fee for $100 for vomiting in their car. Don't get me wrong we were all drunk but we can all remember that ride and no one threw up. I filed a dispute, they responded back saying too bad driver provided proof (picture of the side of the car). Now, Im not sure if I should let my CC company deal with it or respond by saying "I'm not arguing that there is throw up on her car, I'm arguing it wasn't us". How should I handle this situation? I'm not trying to pull a fast one on the driver, if one of us threw up I would totally pay but IT WASNT ME. + +Update : + +I found the pictures.. Can seem to upload them to the post.. Help lol is it to late to post a picture with my post? + +Update 2: + + I tried to look at the data, I can't seem to find any useful information. Any wizards out there willing to help? These are the images Lyft sent me via email. + + +Update 3: + +They responded saying they reviewed the evidence again and they won't be issuing a refund. (I wrote back before posting to reddit) + +This time I was less friendly and asked what evidence they reviewed, for the original pictures, picture of the car before the damages, location and time of pictures. I mentioned other news articles of scams like this. I told them if I was not refunded I would reach out to my CC (so I will get money anyways) (I have capital one BTW cause idk if this is true lol) , post on all social media about their "investigations". I also asked for an invoice of the cleaning service. Any thoughts? Something I forgot to add? + +I will update once I have a response. + + + + + + photo one : + +https://p19.zdusercontent.com/attachment/1876045/ItDpHtZHzxU1lZg50hvp0ymwZ?token=eyJhbGciOiJkaXIiLCJlbmMiOiJBMTI4Q0JDLUhTMjU2In0..rYegwo8RYjktzcHg3ENJog.zwTXj2Y5RTfJ1DC5tV-2KDakrvD-oZLAg0QKShoFiSfvw8lJqV1C0Ntmk49M0YDVg9riqv_GJl6jxjvpto1cGuwboNTA28tpJ8TXBMLbhalcemrIqn65upOKm4IOT8jVGNXehN8F66mlsY2VKsGSFKO6S4-uqg2LOeXPbk6KQjQLegk15eZ_9aThUm21BmwRvtRY4KPoNM664I8CLr3mDngistPju4XTBDNy1bou8vZFMwq0SHJ-AKDFAyW7WWqPIld84Q46F1Cd5FqbWwjQsW0txAUgzmfO6-4Xc2Z2tTc.2LAxeaJtxLZ7KqnlQD-xJg + +Photo two : + +https://p19.zdusercontent.com/attachment/1876045/MyxlcpaH1Vf0g1iirpKwEdlC1?token=eyJhbGciOiJkaXIiLCJlbmMiOiJBMTI4Q0JDLUhTMjU2In0..fQtNoo2INhByAniXSFAHUg.mKxjZpjKG5gmSBkROlktdPhTgbTbpIkYZLZa7UUow6gVgHrzKeCmwQ8gLnvxSaiUTs9zK2Mll6hX2EC5NYwnieGCnRJ6y9sP5szhiPIDkq4bCc_5lOd_AyUAQSkQZ64WLuEWjszODLBfnQZ9efFzCEDSTtHRIW7u5GBnqBbFevBWTfalm6T3tkju_gyEKB5iUtXhzSzGR4ipE_L374dprixWR0QwJ1UfGIj__d07JzAFEHdwL3nLcPQ2HCtrLzMbYKkpKQEfKLuQ-tQ0MebG6W7DJ-Ni-_nffSQfwD6OMa4.FpOY8gGai1B_BGbGFujSRw +https://www.nytimes.com/2022/05/18/business/melvin-capital-gamestop-short.html + +Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from wrong-way bets on GameStop, is shutting down, according to a letter sent to investors on Wednesday that was reviewed by The New York Times. Mr. Plotkin wrote to his investors that he had decided that the “appropriate next step” was to liquidate the fund’s assets and return cash to all investors. Mr. Plotkin, who founded Melvin in 2014, also wrote that he recognized he needed to “step away from managing external capital.” + +Mr. Plotkin, a protégé of the hedge fund billionaire and New York Mets owner Steven A. Cohen, had wagered that shares GameStop, AMC Entertainment and other mall mainstays from the 1990s would fall as their businesses shrank. Instead, the stocks skyrocketed when amateur investors, coordinating via Reddit, Twitter and other social media sites and determined to outsmart big Wall Street funds, kept buying up shares and propping up their price. That caused Melvin, which had $8 billion in assets under management in January 2021, to lose billions of dollars as it scrambled to cover its so-called short positions. It was propped up by a $2.75 billion bailout from the hedge funds Point72, run by Mr. Cohen, and Citadel, as well as fresh capital from new investors. Before deciding to shutter his fund, Mr. Plotkin had considered reconstituting it. The decision to close Melvin, which Mr. Plotkin named after his late grandfather, is a blow to Mr. Plotkin’s reputation. He had gained fame as one of the most successful portfolio managers to emerge from Mr. Cohen’s former hedge fund, SAC Capital. +Good day, Apes! + +I have done deep digging into how many GME shares really exist, and the results may leave you speechless. + +Note: This is not financial advice. + +Note #2: I've decided to utilize data from DRS Bot to assist in deriving the total number of existing GME shares. + +Firstly, about DRS Bot: + +DRS Bot was an ingenious idea created by u/Roid_Rage_Smurf to record shares from Apes' DRS posts on Superstonk (et. al). + +DRS Bot has many safeguards that ensure the data captured is legitimate. Here are some critical points on DRS Bot that u/Roid_Rage_Smurf has pointed out in the past: + +"-DRSBOT rolls a random number on every entry. That's the YOU WIN A VISIT reply. + +\-DRSBOT requires a witness when a user crosses 4 entries. + +\-DRSBOT requires a witness when a user tries to enter more than \[redacted\] shares. + +\-DRSBOT stops apes from entering in duplicate posts in parallel subs. + +\-DRSBOT compartmentalizes ALL sub entries... so if (for example) \[GMEOrphans\] gets too sus, we can easily jettison/ignore the data and continue. + +\-Witnesses belong to a private (Reddit) chat group. They are constantly trading messages, information, etc with each other... + +\-In \[GMEOrphans\], a Witness is required for EVERY DRSBOT entry. + +\-When a witness is required, DRSBOT rolls out an automatic "Background Check" (reading public profile information... (Edit: !DRSBOT:HELP! call won't work here because of the flair... but you'll see a background check pop up on a witness post). + +Stats apes have sifted through the distributions and have verified that it's pretty hard to fake the dispersion." + +Moreover, the only way any shill could tamper with DRS bot is if they report a very low # of shares (e.g. DRSing 1 or 2 shares), because if the number is too high (e.g. 500), the bot will flag the post and require Apes to verify its authenticity before it gets approved and recorded. + +So, if there's actually a few shills trying to tamper with DRS bot, at best they can only do so by bringing down the total average # of shares/Ape. (This means that the real average would be higher, which is good for us Apes utilizing the results from DRS Bot, so that we don’t overstate the analysis). Even then, Apes are always ready to spot a fake post and flood the DMs of the witnesses. I've checked a majority of DRS posts on Superstonk and from the only minuscule # of fakes I’ve seen within these past 2 months, none were able to get past DRS bot. + +With that being said, these are DRS Bot's most recent results at the time of capturing this: + +https://preview.redd.it/3h4nr9ksqk081.png?width=615&format=png&auto=webp&s=bb0113119c49fa2a083c910160e54773834b5a28 + +&#x200B; + +&#x200B; + +\[**There are officially 76.49M outstanding shares for GME**\]([https://ycharts.com/companies/GME/shares\_outstanding](https://ycharts.com/companies/GME/shares_outstanding)) + +DRS Bot recorded 772,448 shares. This means that over 1% of Outstanding GME shares were recorded by DRS Bot. This is an exceptionally significant number of shares in the hands of an adequately large sample size that we can use to ascertain the real total number of existing GME shares. How can we do that without knowing the total # of shareholders, you ask? Well, I will be digging into a rather controversial topic in this sub to extrapolate this critical variable. Whether or not you agree with me on this, I believe this information is essential to deriving an approximation for how many GME shares exist overall: + +For many reasons, \[also discussed in u/Criand's past DD\] ([https://www.reddit.com/r/Superstonk/comments/pb22oj/the\_puzzle\_pieces\_of\_quarterly\_movements\_equity/](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/)), αmc & GME move very similarly. Moreover, both have an exceptionally large & dedicated group of Apes that hold both stonks. Considering, however, that this all started with GME, it would be reasonable to infer that there's a larger community for GME. + +That being said, take this into note: + +In late April, αmc Apes were informed by CEO Adam Aron that there were 3.2 million Apes within the U.S & Canada alone. + +In early June, they were informed that the numbers were 4.1 million Apes (worldwide). \[The data was recorded on June 2nd and released on June 9th\]([https://twitter.com/ceoadam/status/1402723600398946306?s=21](https://twitter.com/ceoadam/status/1402723600398946306?s=21)) + +Since this was the number of Apes for αmc, and since both stocks are similar in many respects to the Ape community, we can deduce that in June, there were 'at least' 4.1 million GME Apes (highly likely the number was floating around 5 million). + +This was almost half a year ago, mind you. There has been significant and consistent growth every week since then, within this sub, social media platforms, etc. I can't use June data in my analysis, as it would be considered obsolete. Furthermore, I am confident that the real number has increased substantially since then. + +This is the growth in members Superstonk has had since its inception: + +&#x200B; + +[Consistent organic growth from new Apes as of June-forward](https://preview.redd.it/ka2aihvcik081.png?width=879&format=png&auto=webp&s=265bb5ebe625fbbaab4b71b7a0f504c8d125eaff) + +Superstonk had about 400,000 members in the beginning of June. As of today, it has approx. 690,000. That's an over 70% increase from when 4.1 million Apes were recorded. If we were to apply these percentages to the 4.1 million, we'd come out to 6.97 million Apes. We could say that half of those new users were a combination of shills, alt accounts, etc.; however, that would still leave us with approx. 5.5 million Apes, up 1.4 million from June, which would be a conservative estimation for growth within 6 months. + +I honestly believe there's way more than 5.5 million GME Apes worldwide (e.g. in Hong Kong alone, there were 900,000 GME Apes trying to vote 6 months ago, just to give you a perspective of the numbers we are dealing with), but let's work with 5.5 million, as a conservative approximation is favored to ensure the results aren't overstated. + +With that, here are the variables and findings: + +\[Please Note: Although DRS Bot recorded 160 shares per Ape as the average, to increase my Confidence Interval for the floor average, I will assume that, as the sample size increases over time, there will be a slow decrease in the average and consolidation around 150 shares per Ape. However, I will use an average of 140 shares per Ape, because I would like a lower limit to ensure that I don't overstate the estimate. Hence, variable x̄ will be approximately 140 shares per Ape, instead of 160\]. + +Sample Size: 5,301 retail investors + +Legally issued shares = 76.49 million + +s= shares + +SH = shareholders + +δ= existing GME shares + +\----------------------------------- + +s= 772,448 + +SH=5.5 million + +x̄≈140 shares per Ape  + +\----------------------------------- + +x̄(ΣSH) ⇒ 140(5.5 million)≈770 million GME shares. + +δ≈770 million GME shares + +δ/Legally Issued Shares ⇒ 770 million/76.49 million ≈ 1,007% outstanding shares. Approx. 693.5 million GME shares are synthetics + +&#x200B; + +**∴ There exists 770 million GME shares, approximately 1,007% the number of legally issued shares. Q.E.D.** + +Now, what does this entail? Firstly, can we just point out that a handful of Apes (a little over 5,000 Apes) have 1% of the Outstanding GME shares? A little over 5,000... out of a pool of over 5 MILLION. + +If this doesn't demonstrate how utterly screwed SHFs are, I don't know what does. This is why a GME price in the millions is more than possible. From a mathematical standpoint, 90% of holders could paper hand during the MOASS, but because SHFs need to cover ALL their shares, after all the paper hands are gone, they'll still need to continue covering and be left with only Diamond Hand Apes that refuse to sell no matter what. That would cause SHFs needing to keep raising the price up ($500,000 to $700,000 to $1.5 million to $3 million, etc.) until the final millions of shares left have been covered. This, and the geometric mean, prove that the price of GME not only can indeed exceed millions per share, but that it is very likely to do so in the event of covering. + +Logically speaking, this makes a lot of sense. The 100x GME had from $4 to $400 was purely FOMO. As we found out from the SEC Report, the January run up was neither a short nor gamma squeeze, but pure FOMO induced behavior from retail that was about to break SHFs into actually covering until they colluded against retail on January 28th. In doing so, however, all they did was kick the can while creating an even bigger black hole to suck out all their money in the end. Maybe they did it to buy them time to destroy evidence and send money to offshore tax havens for a planned post-MOASS escape, but I digress. + +Now, to ensure we have hard scientific proof of synthetic shares, we can obtain an extreme conservative estimate utilizing the Pareto Principle, which would translate to 20% of Apes are doing 80% of the work. This would help give us a grounded conservative limit. + +Let's say that the data from Superstonk is only representative of 20% of the 5.5 million Ape population. So, the 140 average share per Ape is only applicable to 20% of the 5.5 million Apes. And, to make the numbers the most extremely conservative as possible to find the lowest possible number of shares out there, let's say that 80% of Apes only hold 1 share. + +Yes, you heard that right. Let's say that 80% of the 5.5 million Apes (4.4 million) only have 1 GME share. We know that this would be ludicrous and completely unrealistic, but for the sake of finding a floor and extreme conservative estimate, say that only 20% of Apes hold an average of 140 GME shares, and the other 80% only hold 1 share each. + +That would come out to: + +\[(5.5 million)(.8)+(5.5 million)(.2)(140)\] + +⇒(4.4 million)+(154 million) ≈ 158.4 million GME shares + +**An extreme conservative estimate of 158.4 million shares, still approx. 207% the number of legally issued shares. Hard scientific proof that synthetic shares exist.** + +Some skeptics may claim that the data extrapolated from DRS Bot is subject to sample selection bias, and as such, may opt to take the conservative estimate using the Pareto Principle as the real number of shares; however, I have 2 reasons as to why sample selection bias has been negated: + +1. The common Ape is engaged in their respective GME-related communities, and, therefore, would participate in community activities, such as DRSing their shares, and reporting their shares to the DRS Bot. Hence, we can say that DRS Bot did a great job at extracting data from the average GME investor. +2. The data extracted from DRS Bot doesn't include institutional investors, which hold hundreds of thousands-to-millions of shares each. The institutional outlier would easily cancel out any opposing outliers that may lower the average (i.e. x holders refusing to report to DRS Bot, even though about 20% of the sample size from DRS Bot data composed of 'x' holder Apes, nullifying the claim from skeptics). This is another reason why I believe the numbers are being understated, and why there's much more synthetic shares out there. + +This is why I'd be more inclined to believe there's over 10x the number of GME shares out there than legally issued. SHFs have been shorting GME for years, and they've doubled down on their shorts every day since the January run up, hoping to shake out Apes, which they failed miserably in doing. + +You see, SHFs never intended to cover their shorts, just like with zombie stocks. Their goal was to take it to $0, so that they could keep all the profits, tax free. Hence, why they were reckless with the synthetics. In their perspective, they could create 100 million synthetics, and as long as the stock got delisted and went to $0, they'd never have to cover a single thing. Criminality at its finest. + +And brokers were complicit as well, may of whom were giving Apes IOUs instead of actual shares, which is why we're seeing them pushing back and trying to slow down the wave of Apes DRSing their shares. This is because brokers can't find real shares to replace the mountains of IOUs, and Apes have been slowly figuring it out: + +https://preview.redd.it/sk5me9o5tj081.jpg?width=828&format=pjpg&auto=webp&s=fdaf67a61d222bd1aff2b1b083b761269579dad5 + +From what we now know, what can be inferred? SHFs will not cover their shorts until they no longer have a choice in the matter, as they know they'd go bankrupt doing so. + +And don't think on waiting for the government to do anything. These are multi-billion dollar hedge funds. They have their own plants inside regulatory agencies doing their bidding for them. Judges get bribed millions of dollars all the time by companies to dismiss cases and make them go in their favor. Even when there are boy scouts in the government, expect them to be restrained and limited in their ability to accomplish much by an army of SHF lawyers and an arsenal of strategic tactics from the elite. This is why Apes have been getting nowhere calling the government to take action. + +https://reddit.com/link/qxljfb/video/li6fosc08k081/player + +At most, the government is passing rulings to mitigate the damages of a looming economic collapse in the near future (possibly from the MOASS, overleveraged rehypothecation of T-Bonds, foreign externalities, Evergrande, etc.), but don't expect much more until Apes starts to get dangerously close to locking the entire float. + +\[According to [computershared.net](https://computershared.net), Apes have locked over 1/3 of the float within the past 2 months\]([https://www.computershared.net/](https://www.computershared.net/)) + +This process would be quicker; however, brokers are deliberately stalling the process, so do be aware that these are your shares and you have the right to take the steps necessary to ensure that your shares make it from your broker to CS. Transferring from your broker to Fidelity and from Fidelity to CS seems to be the quickest option. + +\[For those of you reading this and still in the process of understanding CS and how to transfer your shares, here's a complete guide to CS.\]([https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/)) + +Again, need I remind you that a measly 5,000 Apes (out of over 5 million) hold 1% of GME's outstanding shares. There's well over 500,000 Apes on Superstonk. Do the math. Apes have had the power the entire time. Do not say your GME shares don't make a difference, because they do. Buying, Holding, and DRSing your GME shares is literally creating history as we know it. + +I expect the closer we get to locking 100% of the float, the stronger the pressure the government will feel to taking initiative themselves, as once the float is 100% locked, there's no going back, and the entire world will witness the synthetics shitshow that will reveal itself and completely undermine the market's regulatory bodies. Moreover, as we also get closer to locking up the float, shorting GME back down will be a lot more costly and difficult for SHFs to do, which is why it's highly likely to me that the MOASS will start before the entire float gets locked up. + +Regardless, Buy, Hold, DRS. + +TL;DR: There most likely exists around 10x the amount of legally issued shares. Extreme conservative estimates still unequivocally prove that synthetics exist. Apes can easily lock up the float by registering their GME shares, exposing vulnerable SHFs to the world and initiating the MOASS. + +\------------------------------------------------------------------------------------------------------------------------------------------------- + +{Side note: For any Ape skeptical for the large average of 140 shares per Ape, it's nothing to be surprised about, considering that the majority of Apes are YOLOing their life savings into GME/meme stocks, because they recognize the simple relationship of cause and effect (SHFs overleveraged themselves shorting GME and once forced to cover will give birth to a nuclear-level MOASS), and market dynamics that will lead to a major financial crash, in which heavily shorted stocks, such as GME, will become Noah's Ark, a safe haven asset for investors in a sea of red. I've never been more sure of something in my life before, and I'm sure many others feel the same way. You invest sufficiently enough, and with Diamond Hands, all you need is the 1 MOASS to be set for life and generational wealth.} + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Edit: I was so conservative in my data that I forgot to point this out haha. An Ape reminded me of this significant factor: [https://www.reddit.com/r/Superstonk/comments/qxljfb/comment/hla9udl/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qxljfb/comment/hla9udl/?utm_source=share&utm_medium=web2x&context=3) + +The results from my data are assuming that Apes are DRSing 100% of ALL their shares, which is very likely not the case. More likely, is that, on average, they've been DRSing around 20-50%. For example, an Ape with 500 shares may have DRSed only 100, so only the 100 would've been recorded by DRS Bot and utilized in the data and averages. This means that the results from this data are very likely understated (average shares per Ape could very well be around x2-x5 this amount; making total number of GME shares x2-x5 more than my findings), but the most important thing from all this is that the findings here is hard proof of synthetics. 🚀🚀🚀 +This is short followup to [https://www.reddit.com/r/fatFIRE/comments/sffuyr/sold\_startup\_depressed/](https://www.reddit.com/r/fatFIRE/comments/sffuyr/sold_startup_depressed/), however with different username as I forgot the password. + +First as foremost, thank you for many insightful replies. + +I really tried, but I couldn't convince myself that money itself was a drive to me. It became one output of my "life style", but it didn't make me more happy. From my exit shortly described in the original post, I eventually decided to use about 10% to buy a better home for my family. 90% I gave to my bank's private banking departmanet to manage. I get a monthly payout about 50% higher than my previous salary. My wife would rather stay working for the social life, but at reduced hours. + +We still haven't told anyone, neither family nor friends about the exit. Some believe we are heavily in debt due to our new home purchase, but I say we manage fine. + +After much reflection I realized that I really missed the startup culture, being right there in the middle of everything and everyone. Even though I consider myself deeply introvert, I loved the "hunt" of building the core products while finding clients, while finding employees, while dealing with everyday incidents, while working long-term, while... + +So I started a new company. We have a great core product with a great market fit and I believe we will be very successful. Our first client is my previous company. People have reached out and want to invest at insane valuations, but I want to grow it organically. Currently at 10 employees with positive cash flow. + +For the moment life is really good. I love waking up, I love doing my thing at the company and I can see myself continuing on this path for many years now. But I won't make the mistake of staying too long this time. I have several other ideas I want to test. + +Again, thank you for the many insightful comments on previous post. Not really sure where I was going with this post really, but felt I wanted to get closure of some sort. + +Take care and happy FIREing. +The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized a fourth quarter 2022 dividend of $3.00 per share, representing an increase of $0.20 per share over last quarter. The dividend is payable on Dec. 30, 2022, to holders of record as of the close of business on Dec. 1, 2022. +One of the most important lessors learnt from my reading of many personal finance books / posts / advice is that one should try to use the 'corporate form' for holding investments such as property (and assets more generally including automobiles due to higher depreciation benefit). + +Wanted to get an understanding of how a person in India (eg. A salaried person or a retained consultant) can implement this: + +1. If you incorporate a company and buy a house / commercial property in the name of this company from the initial share capital you would have infused into this company, how do you use the house so purchased. Y the company as personal residence / how do you use the income from commercial property for yourself - what sort of legal arrangement is required? + +2. If you buy an automobile in the name of said company, how do you use it for personal use? Do you have to have a lease / hire arrangement between you and the company, under which you pay lease rental to the company? + +3. What are the other ways in which one can incorporate a company to create and hold wealth? + +4. What is the cost of opening a company? Typically, what is the yearly compliance cost? +I have been looking into what mutual funds buy/sell every month. Here's what they did in November. + +&#x200B; + +**Companies MFs love the most.** + +This is computed as the weighted average of the AUM allocation for the company for the mutual funds that hold it. + +1. HDFC Bank (6.35%) +2. ICICI Bank (4.86%) +3. Reliance (4.26%) +4. Infosys (4.24%) +5. HDFC (3.87%) + +**Companies MFs bought the most.** + +This is computed as the % change in the number of shares held by all MFs. + +1. Piramel Enterprises (92.67%) +2. Indiabulls Housing Finance (74.53%) +3. Reliance Communications (72.4%) +4. BHEL (51.2%) +5. Jaiprakash Associates (42.95%) + +**Companies MFs dumped the most.** + +This is computed as the % change in the number of shares held by all MFs. + +1. Tata Communications (-36.22%) +2. HEG (-25.11%) +3. Page Industries (-25.06%) +4. NBCC (-20.6%) +5. Arvind (-19.95%) + +**Companies most MFs increased the stake in.** + +This is computed as the net funds that increase the stake in the company to the total fund holding the company. + +1. Indiabulls Housing Finance (54.93%) +2. VIP Industries (52.17%) +3. Reliance Capital (48.57%) +4. DLF Ltd (42.22%) +5. IFCI (42.11%) + +**Companies most MFs decreased the stake in.** + +This is computed as the net funds that increase the stake in the company to the total fund holding the company. + +1. Arvind Ltd (-121.05%^(\*)) +2. Sunteck Reality (-100%) +3. NBCC (-62.96%) +4. Page Industries (-51.28%) +5. SREI (-50%) + +\*The percentage is less than 100 because more funds decreased their stake than the ones that are currently holding it. + +&#x200B; + +Comment your thoughts about these companies, if there are any you are looking into, or the ones that you dumped. Let me know if this is useful, and if there's interest I can post this again next month. + +&#x200B; + +**About the data:** + +1. The data is over around 575 companies. +2. Companies that are held by less than 10 funds have been excluded. +3. The funds include ETFs, and arbitrage funds. +Tell us your story. + +How much down? What are the monthly costs like? + +I'm sick of reading about people on a combined $240k struggling because they needed to spend $1.3m to get a place in East Melbourne. + +I want to hear how regular people on smaller salaries have managed to buy a place, so I feel like it's manageable. Cheers! +This is my first post on reddit. My question is for those that decided to retire at or near the height of their earning potential. How were you able to walk away from your high salary positions? + +A little background. My partner and I came to this country as refugee/immigrant. Our parents worked low wage jobs and still aren't able to communicate very well in English. They worked as much as they could sometimes taking on 2 or 3 side jobs just to put food on the table. + +We went to college and got jobs in tech in the SF bay area. Now in our mid 40's and in management, we're doing very well. My partner and I have been financially able to retire for a few years now, but a few factors prevent us from doing so. The main one is that our youngest is still in elementary school. The other factor is that our annual income is in the mid 6 digits while on cruise control. But there's no excitement for the work anymore. Partner is ready to retire, but the thought of leaving so much on the table is difficult especially having known hunger. I still remember the joy of finding coins especially quarters on the street. +Ok let's go through this one real quick. + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program) + +# GameStop Announces At-The-Market Equity Offering Program + +# Company Can Sell Up to 3.5 Million Shares and Intends to Use Any Proceeds to Further Accelerate Transformation and Strengthen Balance Sheet + +GRAPEVINE, Texas, April 05, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has filed a **prospectus supplement** with the U.S. Securities and Exchange Commission (“SEC”), under which it may offer and sell up to a **maximum of 3,500,000** shares of its common stock (the “Common Stock”) **from time to time** through an “at-the-market” equity offering program (the “ATM Offering”). The Company intends to use the net proceeds from any sales of its Common Stock under the ATM Offering to further accelerate its transformation as well as for general corporate purposes and further strengthening its balance sheet. The timing and amount of any sales will be determined by a variety of factors considered by the Company. + + +Common Stock will be offered through Jefferies LLC (“Jefferies”), which is serving as the sales agent. Jefferies may sell Common Stock by any lawful method deemed to be an “at-the-market offering” defined by Rule 415(a)(4) of the Securities Act of 1933, as amended, including without limitation, sales on any existing trading market. Sales may be made at market prices prevailing at the time of a sale or at prices related to prevailing market prices. As a result, sales prices may vary. + +GameStop’s prospectus supplement filed today supplements information contained in the accompanying prospectus contained in the shelf registration statement on Form S-3 (File No. 333-251197) for the offering of Common Stock. Potential investors should review the prospectus, the prospectus supplement and all other related documents that GameStop has filed with the SEC for complete corporate information, including information pertaining to the ATM Offering and the risks associated with investing in the Company. Investors can obtain copies of the prospectus supplement and the accompanying prospectus by visiting the SEC’s website at [www.sec.gov](https://www.globenewswire.com/Tracker?data=hrN9RWoZYOPc9XlqHTGnAgxdpTcTBGVifa0hxjWRvh1nVLON3CnPxrMXs4vnlDdtLh3Tm9eZZSlaZAWKWgy7cg==). Alternatively, potential investors may contact Jefferies, who will arrange to provide them these documents, at: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022; by phone at (877) 821-7388; or by e-mail at [Prospectus\_Department@Jefferies.com](https://www.globenewswire.com/Tracker?data=r3BNIVHgyMQvoiFMy8n-lFIh0dGE33FE_VJjMe-TWe7NYjQvVRLM2dU5VMDLH1ESImtCwCjuoaYsrS5g540jf2PPxg3EG3KFGCrPJRIVUT3sC2b9Pi7gLSEZcuC1eJIhVNY7eSNmU8-xQ389vsGk1A==). + +**Please note that this press release is for informational purposes only and it does not represent an offer to sell or the solicitation of an offer to buy any of the Company’s Common Stock. In no event will the Company sell more than 3,500,000 shares of Common Stock under the ATM Offering, and aggregate gross proceeds will not exceed $1,000,000,000. There will be no sale of Common Stock in any jurisdiction in which one would be unlawful.** + +**About GameStop** + + +GameStop, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its e-commerce properties and thousands of stores. + +**Cautionary Statement Regarding Forward-Looking Statements – Safe Harbor** + +This press release contains “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally, including statements about the ATM Offering and the use of proceeds therefrom, include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the SEC including, but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended January 30, 2021, filed with the SEC on March 23, 2021.  All filings are available at [www.sec.gov](https://www.globenewswire.com/Tracker?data=hrN9RWoZYOPc9XlqHTGnAqI3j0agH9Pnb4jnvOtoOElFBVqncrzR9Cahgj4c4AVBo2CWkVNxO6--jOUEbt7DGQ==) and on the Company’s website at [www.GameStop.com](https://www.globenewswire.com/Tracker?data=bL_q78lV1bNsPDppeDXptITyMNymMDG89dPX08bX-NbnryALht59SqDgP8hL4d_EspFpXY0FMGPnp_Zelx4eqg==). + +&#x200B; + +&#x200B; + +So ELIA (Explaint like I'm Ape): + +GME is not offering currently 3.5 million stocks in one single go. They are reserving the right to do so over time, or to gain $1,000,000,000 maximum. + +So look at it like this, everyone is going to make money from the squeeze, this way they reserve the right to do so as well, this isn't them sandbagging us, they are just saying if we need money we can offer some shares (not make more) to raise some money if need be. + +This is not something they will be doing overnight or in the next week, but it's a prospect for the future. +Something different from the radioactive tendies I usually shower you in. I have a Lithium stock DD to share. Another potential VUL but this one has some extra benefits to lather on top and will be big! + +[Pilot Plant - Perth 2019](https://preview.redd.it/9ssbtqhy8kc61.png?width=602&format=png&auto=webp&s=332b3ce8b78036fc1733861fb5c6b5e6c7ebe3da) + +# Lepidico (ASX:LPD) + +Share Price: A$0.023 \*update closed $0.03 yesterday (20th), hopefully pullback for more buying opportunity + +**Options :**LPDOB Exercise at 5.0 cents/share, Expire 5th-June- 2022 + +LPDOC Exercise 2.0cents/share, Expire 18th-May-2022 + +Shares outstanding: 5.19B + +**Market Cap: A$155.57million** + +Alright, before diving into LPD. For some comparative reference, **VUL** is an in-situ recovery lithium miner (I.e. they plan to **pump up lithium brine from underground**) and they are touting the green energy flag because they are also planning to use geothermal energy to power the proposed plant. "Zero Carbon Lithium" is the slogan. They are only at Pre-feasability study (PFS) - i.e. still working out engineering parameters and how much it might cost. + +Now the EU, US and a lot of EV manufacturing countries are becoming very stringent on having quality lithium mined from ethical sources. So VUL gets a thumbs up there. (ps. I don't hold VUL, but well done to those who did well) + +Now to **Lepidico (LPD)**. They are a global lithium explorer and developer with one already **existing mine in Namibia** and other exploration assets and partnerships around the world. More importantly they are becoming a **lithium hydroxide chemical producer** with their proprietary cost effective conversion process technologies (L-Max & LOH-Max). Having completed successful trials with their **pilot plant built in Perth in 2019** they are now on the way to getting funding for building their phase **1 major lithium hydroxide and by-product (casesium, Rubidium, SOP) plant in Abu Dhabi** \- set to begin construction late 2021. They are on track to finalise the FID by 2nd half 2021 (\~May 2021) + +# Quick Summary Points + +https://preview.redd.it/4b7892kw9kc61.png?width=1040&format=png&auto=webp&s=7ff471ebd32f1ce01a84fb612d012bfb6d209f3e + +Lepidico's strategic objective "is to develop a sustainable vertically integrated lithium business that commercialises its proprietary technologies and provides above average returns from mine to battery grade lithium chemical production." + +I.e. they are building a business that cuts out the middle man and are covering mine to battery material manufacturer as well as licencing out their technology process in strategic partnerships + +OK. That’s a lot to take in for a quick summary. And there's still major points I didn't include. But that’s the crux of it. The Rest below I dive into more detail. I've been involved in this stock since 2017 and have spent a large amount of time researching deep into them and their technologies. + +My position and target price is at the bottom + +[Combined Asset Overview](https://preview.redd.it/8ous4my1akc61.png?width=638&format=png&auto=webp&s=6b8ca1c7bcce3be72f630bc3fe9f3ebbbdbb97c6) + +https://preview.redd.it/awx8qcecakc61.png?width=1064&format=png&auto=webp&s=6ce60438cc223ed0b607b7e30518fc0db0cca3f8 + +**Lithium Chemicals** + +Lithium chemicals aren't commodities, they're **specialty chemicals**. To be able to take advantage of the EV growth, companies need to be able to produce high grade (99.5% lithium carbonate or 56.5% lithium hydroxide). The product also needs to be low in contaminants like magnesium, sodium, potassium etc. + +**LPD is at 99.95% for carbonate**, and won't disclose exactly what they have for hydroxide other than it is **greater than 56.5%**. They have very little contamination. + +The push to expand the driving range of EVs is bringing stricter and stricter requirements for battery materials and the existing market players are not able to expand their capacity and maintain grade at the same time. Most of the high grade material is sold on long-term contracts in Japan and Korea, unlike the spot market + +The long-term contracts come with strict requirements regarding quality control, which is why I said lithium chemicals aren't a commodity above. If supplier A screws up and sends you a dodgy batch, there is no guarantee you can go to supplier B and buy from them. The materials of different producers will have different characteristics, particularly in what contaminants are present and particle size. The name of the game is reaching qualification for an offtake agreement. + +# Definitive Feasability Study (DFS) + +&#x200B; + +https://preview.redd.it/k0nromqvwkc61.png?width=1066&format=png&auto=webp&s=e17d35e78cc566933565ceff2f5f540bdcad5c4a + +**Building The Phase 1 Chemical Conversion Plant in Abu Dhabi** + +Why? for number of key reasons + +* Close to their current mine ore reserve which has enough resource to feed the plant's liftetime +* To be constructed in a key industrial area and near a port and main freight routes into UAE and EU. +* Chemical supply such as Sulfuric acid is in abundance and partnership with Gulf Fluour has already been setup and the plant construction location is set to be next door. +* Cost efficient and tax incentivised by UAE government to build there +* Most importantly- **close to the European and global key battery and EV manufacturing countries**. Alternative proposed location was West coast of Canada but the benefits in Abu Dhabi far outweighed those in Canada + +[Abu Dhabi Chemical Conversion Plant Design](https://preview.redd.it/jhyvrnj2bkc61.png?width=1266&format=png&auto=webp&s=d9976f5c64af3f0e0635db311b3d61cb961b30df) + +**Next Steps** + +* Confirming Ore reserve to ensure feed supply for life of plant - **complete** +* Definitive feasability study to confirm economics - **complete** +* Secure at least one pre-offtake agreement - NDAs signed and growing interest +* Funding - approved by Department of Financial Development Corporation (DFC) as class B - Achievedeasier to attain funding +* And Permits to start construction - almost there - due 1st quarter 2021 +* FID due 2nd quarter 2021 + +https://preview.redd.it/t6ghodlkbkc61.png?width=1066&format=png&auto=webp&s=a7ea391b1ba5011f84c3449c08895320e09af573 + +**The Risks and What Else to Be aware of** + +* Relatively high # shares on issue (5.19B). Though **offset with low market cap of $155million** + * o i.e. 500% growth in share price (10cents) still only puts the company at $519mill market cap + * o Is potential of consolidation of shares, though at the AGM's the question has been asked and it wasn't addressed as being something the management are planning to do. Won't rule it out though. +* There is still a few months before FID is confirmed and production is not until 2023. i.e. there is time for the share price to swing in both directions and be quite volatile and lithium market sentiment dependent. +* Funding of the $155mill capex needs to be raised and may result in a capital raise on market for some of the funds. Though, they have signed 10x NDAs to date for funding potential & pre-offtake funding and there has been approval by US DFC for debt funding of the mine. But I would expect a SPP or Cap raise for at-least a small portion of it - and so they can give share-holders one last opportunity to participate. +* The lithium market could crash or retrace - there has been a significant run on lithium the last 5 weeks, reaching new highs as demand for lithium soars to meet the growing EV industry. LCE US$55,800/t up from US$20,000/t earlier in 2020 +* Once construction starts the estimated capital expenditure could blow out, though I don’t see this necessarily happening as the system is somewhat straight forward and has been designed to be modular and scalable + +**My Position** + +I have been invested in LPD since 2017 and as a Process Engineer in resources I was very interested in their process conversion technologies. Since 2017, I have participated in 3x capital raises along the way and have had to be very patient with them going through the steps of building their pilot plant, the product testing and eventual final feasability studies. I put it in my bottom drawer so to speak. + +But now I am starting to get excited as they are approaching **last few months before FID** and there are **more and more potential customers interested in a number of their products** signing NDAs. It has been a very tight ship of who they are talking to and who they have sent product samples to. An official commercial or pre-offtake agreement announcement could drop anytime. + +There is still 18 months ahead before they are at the stage of producing and shipping to customers but by then the value of the company should have increased significantly. + +LPD in my portfolio is the penny stock that **I have invested the highest amount of value in of initial investment** more than any other single penny stock. This is partly due to participating in each capital raising and averaging down as the price came down as investors got bored over time. + +https://preview.redd.it/uxwr5t01dkc61.png?width=1060&format=png&auto=webp&s=412929c6e2dc3bc9f75583c8d56f955c3ad396da + +**Rockets Analysis?:** 1stHalf 2021: 1.5x 🚀, 2ndHalf 2021 4x 🚀, Mid 2023 onwards: 9.5x🚀 + +Obviously none of this is financial advice, because I am not certified and that is illegal (are you happy ASIC?) + +This is just my DD on a lithium "chemical" company with a well-established integrated business plan to become a major EV and battery manufacturer material supplier as the whole world shifts away from fossil fuel sources. + +Ps. All these batteries and EVs will need a lot of low cost but efficient re-charging power. Do you know what's good at that? Nuclear Power ;) +https://www.cnbc.com/2019/10/16/microsoft-gives-ceo-satya-nadella-a-raise-for-2019-fiscal-year.html + +Satya Nadella replaced Steve Ballmer as CEO in February 2014. + +Microsoft’s independent board directors bumped Nadella’s base salary for the most recent fiscal year. + +Nadella also received more stock awards. +Hi everyone - Robbie here. + +Thrilled to share the next chapter of Immutable: enabling the first-cross rollup liquidity platform, scaling the next billion players on Web3. We unveilved it live on Bankless this morning: [https://www.youtube.com/watch?v=scIzP2CU788](https://www.youtube.com/watch?v=scIzP2CU788) & [our twitter](https://twitter.com/Immutable/status/1529207462334992384). + +Immutable & GameStop will be able to support hundreds of games, each with thousands of transactions per second. You will be able to trade these all seamlessly on GameStop's marketplace irrespective of which scaling solution they choose under the hood. + +Happy to answer any questions below! Stay tuned for more - and can't wait to bring the next billion players to Web3 with you all. + +P.S. if you haven't being paying attention, the largest unreleased crypto game in the world - [Illuvium](https://twitter.com/illuviumio) \- will be launching their landsale soon, and will be available to be traded on GME from day 1 of our marketplace integration going live. [https://imxgrant.nft.gamestop.com/coming-soon](https://imxgrant.nft.gamestop.com/coming-soon) + +\- Robbie (DMs always open: [https://twitter.com/0xferg](https://twitter.com/0xferg)) +It is believed that the following pools either have the gas limit hardcoded to 4,712,394 or something lower. These pools need to change their Ethereum client settings to allow for a flexible gas limit (see below on how to do that): + +* **Coinotron** +* **http://nanopool.org** +* **http://pool.ethfans.org** -- they are working on it: https://twitter.com/ethfans/status/877831795143720960 + +**If you have contact with any of the above pools, please direct them to this thread so we can help get them setup with the correct command line flags!** + +Can everyone help confirm that the following pools are indeed using the proper settings: + +* **F2Pool** +* **http://ethermine.org** -- [They confirmed that they *are* using the recommended settings.](https://np.reddit.com/r/ethtrader/comments/6imwi2/dwarfpool_and_f2pool_are_damaging_ethereum_a/dj8phmp/) +* **http://ethpool.org** -- [They confirmed that they *are* using the recommended settings.](https://np.reddit.com/r/ethtrader/comments/6imwi2/dwarfpool_and_f2pool_are_damaging_ethereum_a/dj8phmp/) +* **https://www.alpereum.ch** +* **http://ethereumpool.co** +* **https://dwarfpool.com** -- [They confirmed that they *are* using the recommended settings.](https://np.reddit.com/r/ethtrader/comments/6imwi2/dwarfpool_and_f2pool_are_damaging_ethereum_a/dj8be3d/) +* **https://miningpoolhub.com** + +------ + +#All pools should be running with the following settings: + +**Geth:** + + --gasprice 4000000000 --targetgaslimit 4712388 + +**Parity:** + + --gas-floor-target 4712388 --gas-cap 9000000 --gasprice 4000000000 + +------ + +**If you are on social media (Twitter, Facebook, etc.) then please share this thread and get it as widely distributed to your mining friends or friends of friends, as possible.** + +Thank you! + +------ + +Original message from Hodlor: http://i.imgur.com/kyQMDoW.png +Hi Folks, + +I am one of the firm believers in index investing(and passive investing by extension). I have got nice returns as well since March 2020, investing in Nifty50, Nasdaq100 and S&P500. I had invested a small amount in Nifty nixt50 index as well. Recently on one of the days I saw that NiftyNext50 index had not lost as much nifty50 index over the last few days. When digging deeper, I saw that this mostly due to Adani group stocks which had gained over that time period. + +&#x200B; + +All of them satisfy the market cap criteria listed on NSE website for inclusion in nifty50 index. So it seems inevitable that they will be included in the nifty index. + +&#x200B; + +The following is the m-cap ranking of Adani group stocks as of today: + +&#x200B; + +&#x200B; + +Adani Green at 8 + +Adani Transmission 16 + +Adani Gas 18 + +Adani Ent at 22 + +Adani ports at 29 + +Adani power at 45 + +Adani wilmar at 46 + +&#x200B; + +I remember that last year around the same time, there was the revelation of possbile pump and dump scheme in these stocks through Mauritius domiciled funds which invested most of their AUMs in Adani stocks. Post the news of SEBI investigation these stocks were hitting LC every day. But nothing changed fundamentally, the stocks are back on the bull run and nothing seems to stop them now! Will the retailers be left holding the bag when the dump inevitably happens ? Another key point here is that none of the actively managed MFs have any holding in AdaniGreen, Transmission or Gas. I didn't check for the other stocks but this is definitely a noteworthy point where not a single MF has invested in these stocks. If I look at which MFs hold these stocks, it is all index funds and ETFs. What annoys me here is that the point of passive investing is supposed to shield you from this kind of worry about day to day fluctuations but that is exactly what is happening now. + +&#x200B; + +&#x200B; + +Based on the previous few months where overseas investments were stopped willy-nilly for retail investors, I am not expecting SEBI to come to the help retailers. + +&#x200B; + +Also, if you think that you personally don't have any investments in Nifty Index, think again - I read somewhere that EPFO and NPS funds are invested in nifty ETFs. So this affects every one. I am also wondering if the "Pump" part of the scheme is somehow partially pulled off by the active MFs as a cartel themselves - after all they will benefit when these stocks hit LC and retailers are left holding bag. + +&#x200B; + +I am wondering if I should move all my nifty index investments into an active MF like "Axis blue chip fund" or something similar. Thoughts? + +PS: all the info I have provided is just a google search away, readers can cross check themselves. +I am over 40 years old and still owe $106,000 in student loans. The most significant way that debt impacted my life is that I chose to wait to have children until my finances were under control - that was a mistake because now I can't get pregnant. + +Here is a brief history of my student loans. After taking about a decade to finish my bachelors, 3 years to finish law school, an entire year to pass the bar (I failed the first time) and about 4 - 5 years building my solo practice (which is still not entirely stable) I found myself with $270,000 of federal loan debt. + +My original strategy was to use IBR and deal with the tax consequences later, however because I got married and felt it was unfair to my spouse to burden our household for the next 20 years with my financial mistake, I refinanced to obtain a lower interest rate and started paying off the debt. Because my resume sucks, my best financial option was and is to focus on building my practice and earn more money, which meant that when my husband had to relocate 700 miles away for his job, I couldn't move with him - so now we live apart. Indefinitely. And my body doesn't feel like growing another human being and even if I could get pregnant I still owe $106,000 in student loan debt and my partner still lives 700 hundred miles away. And so the world goes on ... + +The moral of the story is that debt repayment is not worth sacrificing the the important sh\*t in your life. I should have learned to live with the debt and learn to live my life. +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. +ZIP ATH was $14.52, as I write this ZIP is down to $0.63. + +For some perspective, it is down **95.7%**. + +In other words, you need to make **2205%** for it to hit ATH again. + +A 22-bager. + +Some more fun facts/numbers put into perspective + +* If you invested at **$10** you would be down **93.7%** (**1487%** gain needed to recuperate) + * On $10,000 you would have **$630**. +* If you invested at **$5** you would be down **87.4%** (**694%** gain needed to recuperate) + * On $10,000 you would have **$1260**. +* If you invested at **$3** you would be down **79%** (**376%** gain needed to recuperate) + * On $10,000 you would have **$2100**. +* If you invested at **$1** you would be down **37%** (**59%** gain needed to recuperate) + * On $10,000 you would have **$6,300**. + +Zip has led to some spectacular losses. + +Godspeed Ziptards +ZIP ATH was $14.52, as I write this ZIP is down to $0.63. + +For some perspective, it is down **95.7%**. + +In other words, you need to make **2205%** for it to hit ATH again. + +A 22-bager. + +Some more fun facts/numbers put into perspective + +* If you invested at **$10** you would be down **93.7%** (**1487%** gain needed to recuperate) + * On $10,000 you would have **$630**. +* If you invested at **$5** you would be down **87.4%** (**694%** gain needed to recuperate) + * On $10,000 you would have **$1260**. +* If you invested at **$3** you would be down **79%** (**376%** gain needed to recuperate) + * On $10,000 you would have **$2100**. +* If you invested at **$1** you would be down **37%** (**59%** gain needed to recuperate) + * On $10,000 you would have **$6,300**. + +Zip has led to some spectacular losses. + +Godspeed Ziptards +Made my Son an authorized user on 2 of our credit cards and he now has a solid credit score (+800). Unfortunately, mounting medical bills from a chronic illness might send us into bankruptcy within the next year. I would feel horrible if my health issues cause his credit score to plummet. How do I separate my Son's credit from ours and prevent me and my spouse's bankruptcy or credit problems from affecting him? He is 20 years old. + +EDIT: Solved. He will apply for his own credit card & we will remove him as an authorized user on our cards. Thank you everyone for your help! +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) +Neither of us know much about this stuff. She bought a house during her previous marriage at the height of the market in 2006 for $330k or there abouts. It rapidly decreased in value, so when she moved out, she ended up renting it out for a small loss every month rather than selling and having to cover the gap. Apparently, because she was losing money on the rental, she never took depreciation because there were no gains to offset. She finally sold it last year for around $285k, which is significantly less than she paid for it. Now she is doing her taxes and being told that she owes $18k in cap gains taxes because she technically made $65k on it because of depreciation, even though she never took it. Does this seem right to you? Is there anything she can do to avoid some of these taxes? We both feel way out of our depth here and we do not have $18k lying around. + +EDIT: it turns out that my wife hadn’t deducted the closing costs, so the number is actually quite a bit lower than $18k, but it is still a significant amount. Based on the advice here, we will be hiring a cpa to do this for us and make sure we don’t overpay. I appreciate all the insightful responses! +Currently an Economic student and was wondering where Econ majors end up at after college? Has anyone made it into finance/accounting with this major? If so, please share your experience. +After reading suggestions off multiple "What do you tell people you do?" threads I've decided I'm going to tell people "I exploit the persistent overestimation in the volitility of securities by market participants through the sale of financial derivative contracts". The only problem is no one ever asks or cares about what I do! I try to mention what I do in almost every conversation I have but by now my mom is sick of it. She never follows up to ask what I mean so I can tell her what the wheel is and just tells me I need to find a better job than the car wash. + +Please help, I have a great answer for what I will tell people I do and I really want to say it soon. +I don't want to attribute everything to this but back when Warren Buffet was starting to make this mark, there was no web of instant communication and information sharing like there is today and a lot of people since then have copied the value investing model so there's way more competition and less secrets to be found. +Hey ValueInvesting, + +I think it is the right place to discuss this - what stocks are still a long way from their realistic value, in your opinions? + +I like LCID, RIVN, SNOW and TSLA obviously, I this these will halve at least. + +Edit: MTCH is a new great find. +I feel this is the highest quality sub and am always looking for more feedback from those who know more than me. Is this something we’ve done before in these parts? +Hi everyone. + +So, I am newbie value investor and I've been listening to a podcast recently on the so-called value v growth arguments in which people have been declaring that value investing is now dead. I have been thinking about what Warren Buffett has said and I am trying to create an understanding in my head. + +I would really appreicate your wisdom and opinions on the below. + +\------ + +Warren Buffett speaks having a circle of competence. As I understand it, he means what would the basic economics of the business look like, and how the industry is likely to develop. + +Given the life cycle of any business, it is hard to say where a tech company (e.g., Amazon/Tesla) exists today in that cycle. [Please see this picture](https://cdn.corporatefinanceinstitute.com/assets/Industry-Life-Cycle.png). It's does not seem very obvious just how much more growth per year can be expected and/or the returns on capital thereafter. + +The market is prepared to attach a huge premium to buy these companies because the prevailing sentiment expects huge forward growth. It seems to me that Warren Buffet though is right. There is obviously no possibility of a margin of safety in the event that growth doesn't materialise quite as anticipated, and seems like you're guaranteed to overpay in any case. Also - a lot of these tech companies have enormous share buybacks which pushes the price metric higher-and-higher. + +You would end up with lousy returns in an otherwise great company which may well generate big earnings. As value investors, we ought to be mindful of Jean Marie Eveillard's admonition of 'avoiding the permanent impairment of capital'. + +That doesn't include the enormous hype associated with these companies (Cathy Wood etc...) and the momentum-driven sub-culture that exists in investing currently. + +\----- + +Is the above thesis correct? + +Thank you all in advance :) +(Edit - I did this analysis for the first time in June, after Warren Buffett’s regular annual donation to charity. I calculated a 2,668 drop in BRK.A (without allowing for conversions). The actual June buyback was 2,397 shares of BRK.A. + +This analysis is purely based on calculating a reduction in the outstanding “A” shares, not the “A” and “B” shares together.) + +(Edit #2 - thanks for the feedback received to date, I appreciate the peer review. Replies as to the unknowable possibility of "A" to "B" conversions were duly noted and not dismissed. I did try looking at historical annual and 4th quarter conversions, but there were no trends or patterns that I could discern. One event, that came to mind today, that might have an impact on conversions between September 30th and November 23rd is the acquisition of Alleghany Corp.) + +(Edit #3 - Many thanks to u/Kanolie for his effort to confirm the buyback activity through October 26th using the BRK's SEC 10-Q. His comments: +https://www.reddit.com/r/ValueInvesting/comments/z3z72y/comment/iy041g4/?utm_source=share&utm_medium=web2x&context=3 ) + +Looking at the SEC filing detailing Warren’s recent donations to four foundations and comparing that data to the share count information in the 3rd quarter earnings report: + +https://www.sec.gov/Archives/edgar/data/315090/000119312522292023/d403312dsc13da.htm + +On November 22nd, Warren Buffett, after the donations, still held 227,416 shares of BRK.A, 38.3% of the outstanding total of BRK.A. My feeble algebra skills calculate 593,775 shares of BRK.A outstanding, after Warren’s donations. + +https://berkshirehathaway.com/qtrly/3rdqtr22.pdf + +On page 21 of the 3rd quarter earnings report, at the end of September there were 598,202 BRK.A shares outstanding. Thus, there are 4,427 shares of BRK.A that have been “retired.” + +I lowered that number by 552 to get to 3,875, to account for potential conversions from BRK.A to BRK.B (based on the rate of reported conversions for the first nine months of this year, subtracting Warren’s earlier conversion on June 14th) + +It appears that Berkshire Hathaway spent at least $1.6 billion to buy back those BRK.A shares. + +Feedback on this analysis is appreciated. Thanks. +After active studying and trading for over a year, I’ve had huge wins & huge losses. This emotional rollercoaster was too much for me, and now that it’s actually cost me money I’m done. + +Looks like it’s back to etf & chill for me. +I keep up with the dividend Aristocrats and I thought that maybe a weekly recap on them could be a cool way to serve this community that has helped me so much. + +For anybody that doesn't know, the group of stocks referred to as the Dividend Aristocrat's are stocks that are members of the S&P 500 and have raised their dividends for 25 years consecutively. It's not uncommon for a dividend investor to own a couple of these names. + +**Dividend News:** + +3/22 - Hormel Foods (HRL) declares .245 dividend (in line with previous) - Ex-Dividend 4/9/21 + +3/26 - AT&T (T) declares .52 dividend (in line with previous) - Ex-Dividend 4/8/21 + +**Weekly Winners (5 day performance):** + +TGT +7.29% + +LOW +5.89% + +PEP +5.36% + +**Weekly Losers (5 day performance):** + +CB -5.48% + +LEG -3.95% + +ESS -2.84% + +**YTD Winner/Loser:** + +PBCT +37.12% + +BF.B -13.19% + +&#x200B; + +If there's any other data that you guys would find helpful let me know! +As the question states, what has been your best investment ever to yield the most amount of cash/return? Bonus points to anyone who has done some kind of alternative investment like art, baseball cards, etc. + +Also, to get ahead of it, you’re not allowed to say “myself.” Get the rationale here, but I’m more interested in how pile of money A turned into bigger pile of money B. +So this is my situation, I started to look at money in a different way, no waste, just return, I see my friends going to the sea, I can't because don't see a gain, they go to the disco, I can't because of the same motivation, I almost booked a flight for a city, than I decided that was a waste of money right now because of the Corona virus and my money wouldn't been invested in the best way. I ask myself, an I obsessed with finance and savings? Is it too much for me? Sometimes I feel depressed because I'm at home while the others are partying and having fun. +I am 37 years old, have an income of 94k a year where I've been employed for 2.5 years. Bought a house during the pandemic worth $530k of which I pay $3000 per month. I took out a personal long of $75k to give as a down payment. + +There were several reasons why I did this... + +* I could never save enough money because I have 3 children and my wife does not work.She is not planning to anytime soon, and I like my kids to be involved in team sports and extra curricular activities, which oh man, it's costly! +* I was already paying $3000 in rent, in Washington state, where things got expensive fast.Quality of life was bad, so we've decided to by somewhere else. +* Neither my wife or myself have people in our lives willing to give us start up money for a home. + +My wife and I drive older cars in which we don't pay a monthly installment on. On student debts, I have 75k worth. I don't have to pay anything now because of the pandemic, but that will end soon. + +On credit card debt, I have about 10k. But I have two other credit cards which I owe only abut $100 each. + +My questions are... + +1 - How do I start to think outside of the everyday struggle of paying bills and staying afloat? I contribute to my 401k but not by very much. + +2 - Is it wise to use the 0% apr offers from the other cards (which I do get) to pay off the credit car with 10k in debt? + +3 - Would it be a good time to seek professional help from a financial advisor? I can follow directions pretty well, but just need the counsel of someone who has seen people get out of this loop. + +4 - If you've been there, what steps did you initially take to get out of this situation? + +5 - According to the local market, my home has been valued at more than $600k. Should I refinance given the house to try to lower the mortgage? + +My ultimate goal is to have some money put away ($20k), not owe credit card debt and hopefully not be so stressed out about taking a trip with my family. Please provide me with some guidance and direction, as I feel overwhelmed and don't know where to start. + +EDIT: To everyone that has responded or commented to my questions, a big thank you. I had a very tough conversation with my wife yesterday. I’m still processing all the points of view I was exposed to here. But this morning I started cutting down on superfluous costs and writing budgets with my wife. We’re talking about selling the house, but we’re trying to find a way for us to keep it. Mainly by her getting a job asap. If that doesn’t work, then yes, we’ll definitely sell. Again, a big thanks and sorry that I haven’t responded to some of your super thoughtful comments. I am after all overwhelmed, but grateful there are total strangers who for a moment, put yourselves in another’s shoes and try to give out your best to them. +As the title suggests, I started actively investing in 2018 (mostly FTSE 100 and FTSE 250 stocks). While I understand that investing is for the long run, 5 years is probably the first point you can take stock and see how everything is going. But it really isn't all that great at this moment in time: a measly 3.5% annualised return. The past 5 years have been shocking in terms of big, drastic events. We had the pandemic, with the pandemic for 2 of those years, a trade war, the current situation with Russia, and now going into a cost of living crisis! + +Is what happened in the past 5 years normal, or can we expect a 5 year period with fewer negative events than this? +Dip came as a result of the Biden admin talking about banning menthols and cutting nicotine in cigarettes. Looks like a good buying opportunity to me, already picked more up as it dipped 6%. Less nicotine per cig means more money spent by us smokers +This isn’t a particularly profound or insightful observation but since both my spouse and I entered rhe 7-figure salary ranges within the last 7 years, our modes of living have adjusted accordingly. Vacations, clothing, general experiences have simply elevated a bit. + +And while I know what a lot of you will say is that all those things are a waste of money and the result of a bad money mentality and so on, I’m aware and I agree. So you billionaires out there driving Camrys, shopping at target and eating boiled chicken, bully for you, it was never going to be us. + +But, not to contradict my previous claim, the peripheral, waterfall costs that have gone up significantly around these adjustments are kind of nuts. Dry cleaning; high-octane gas; a glass of wine at a restaurant; repairs on anything; the expectation of tip at a higher end hotels and so on. + +Again. Not really news but it’s an interesting thing to watch climb fairly exponentially. Wondering others who have recently obtained a fatness that they are enjoying, and what their experiences have been like. + +I’m sure I will get to an age where those numbers are no longer worth it and the expense is best cut but for now I don’t mind. +US Stocks Suffer Fastest Collapse From Record Highs Since Great Depression.NASDAQ is falling 3-4% every day. +Nifty is also very very slippery. +Brent around 50USD. + +Indian media does not seem to be concerned, effectively reducing containment and preparedness options. + +So what to do? +Is this great buying opportunity? Or should we sell or wait? I think more disaster is to come. + +P.S. -- Please don't give moral lectures how we should not make money from other's misery...bla bla... + +This sub is about money. We talk money here. Not apocalypse preparedness (except wealth related, of course!) or Kantian morality. + + +Edit: https://covid19info.live/ for verified information. +US Stocks Suffer Fastest Collapse From Record Highs Since Great Depression.NASDAQ is falling 3-4% every day. +Nifty is also very very slippery. +Brent around 50USD. + +Indian media does not seem to be concerned, effectively reducing containment and preparedness options. + +So what to do? +Is this great buying opportunity? Or should we sell or wait? I think more disaster is to come. + +P.S. -- Please don't give moral lectures how we should not make money from other's misery...bla bla... + +This sub is about money. We talk money here. Not apocalypse preparedness (except wealth related, of course!) or Kantian morality. + + +Edit: https://covid19info.live/ for verified information. +TL;DR + +* Sad-ass dude that got kicked from the board by RC a year ago gave a shitty interview to Bloomberg this weekend crying over RC not wanting to reveal his strategy to him +* MSM shills are at it now posting misleading headlines suggesting that GameStop leadership is currently collapsing +* InvestorPlace is directly claiming that GME went down 15% because Reggie resigned this weekend. + +Usually what MSM shills are posting makes me laugh but this is just fucking crime. I was curious what InvestorPlace has to say about yesterday's action as it popped out in my GME-related newsfeed and it fucking pissed me off this time. + +[https://web.archive.org/web/20220314215213/https://investorplace.com/2022/03/why-is-gamestop-gme-stock-down-today/](https://web.archive.org/web/20220314215213/https://investorplace.com/2022/03/why-is-gamestop-gme-stock-down-today/) (link through Web Archive to have it documented and not give these fuckers any clicks) + +So what made me furious is this part: + +>**On Saturday, the former face of Nintendo America, Reggie Fils-Aime, stepped down from GameStop’s leadership. Indeed, Fils-Aime departed the company’s board, citing disagreement between leaders. This comes just a year after he first joined GameStop.** + +Now I'm not a native speaker but for fucks sake this literally means that he **stepped down on Saturday, one year after he joined GameStop.** + +But the dude joined in April 2020 and resigned (got kicked off by RC along with the rest of the predators in BoD) in March 2021. On Saturday though he just started criticising GameStop for not listening to him and not including him in the inner strategy circle. + +This is not a mistake at this point, it's blatant lie and misinformation that is aiming to justify the disgusting shorting festival that we witnessed yesterday. I don't give a fuck how desperate they are. This is an intentional fake news that is aiming to affect the price action of GME. + +Can someone send me the link where I can report these assholes to DOJ? + +# Edit + +Submitted it here ([https://tcr.sec.gov/](https://tcr.sec.gov/)) as this is where DOJ fraud report redirected me. + +https://preview.redd.it/ikpqc4u9ijn81.png?width=947&format=png&auto=webp&s=f644a6dd5b8d64272a35cc660a17c8bc7868c779 + +# Edit 2 + +Reported also here: [https://www.justice.gov/doj/webform/your-message-department-justice](https://www.justice.gov/doj/webform/your-message-department-justice) + +https://preview.redd.it/vhghizcwwjn81.png?width=1010&format=png&auto=webp&s=243800a15a6b830f5bbbab29522c9acdb5279c6e + +# Edit 3 + +Dickheads updated this paragraph, changed "announcement" to "commentary" and added that he is a "former" director, and that the "stock tumbled 15%" after he "shared why he departed" 😆😆😆 + +https://preview.redd.it/09k0z1724ln81.png?width=1754&format=png&auto=webp&s=95249d9591845d857c8cce0fb5f0aa87234e8307 + +Luckily there is [web.archive](https://web.archive.org/web/20220314215213/https://investorplace.com/2022/03/why-is-gamestop-gme-stock-down-today/) +I've been a long-time lurker on this board, but recently I've seen an uptick from landlords getting blasted by people who suddenly do not want to pay their rent. For the landlords that are hearing these arguments, what are your tenants saying? For the tenants that are making these arguments, what's your excuse? + +It seems to me like there's a lot of ignorance surrounding rental agreements. From the perspective of the tenant, I'd like to know the following: + +1. 3/6/9 months from now when this issue is largely over and you're taken to court by your landlord for failure to pay per your contract, what will you say? +2. When you lose in a courtroom, what will you do once you end up with both an unlawful detainer (UD), and a summary judgment for the amount of money owed + any additional fees? +3. In certain states, your wages or tax refund can be garnished. Assuming you land employment at some time in the future, how will you handle a garnishment? + +I guess I'm just really perplexed by the whole anti-rent movement that's happening currently (both on Reddit and on Twitter), and I would like to understand it more. It seems like it's driven entirely on emotion and not based on contract law. If you are a tenant and you're collecting unemployment, doesn't it make more sense to try and work something out with your landlord vs. skipping rent entirely? + +Thanks in advance + + + +**EDIT:** Thank you all for the amazing amount of responses and comments. Truly, I expected this to generate some dialogue and it's been eye-opening for me with some of the comments that have been made by both tenants, landlords, and folks who are just speculating! I also appreciate the personal stories that have been made here and the on-going request for help from both parties. +Since y'all haven't had enough of the city relocation posts. I see a lot of these posts where buying a home/schools for kids is a factor, which isn't important to me at this phase of my life. +*The Jungle Beat will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/4l73al7wt1871.png?width=1426&format=png&auto=webp&s=2a810afb3f1ea3601932c323ac9e1e4684e8312e + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Today's Recap 📈 + +# $GME Closing Price: $213.25 + +&#x200B; + +Open Price: $211.25 + +Daily High: $224.45 + +Daily Low: $210.20 + +Volume: 4.75 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + +&#x200B; + +*If you're new to Superstonk, start here!* + +&#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) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +**NEW!!** We will be having a "Smooth Brain Sunday Megathread" every Sunday as a place to ask all the questions you've been wanting to get answered! Please be advised that all answers provided are from individual users and, as always, any information you receive requires doing your own due diligence!! + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Gamestop is Officially on the Russell 1000 Index + +&#x200B; + +[credit u\/Edawg661](https://preview.redd.it/pepdof9de2871.png?width=828&format=png&auto=webp&s=570720c11ae84ec6aefb86dd7ddda6c7e3efd8eb) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚫No Brigading🚫 + +&#x200B; + +As you have probably seen by now, there have been reports to reddit admins that Superstonk users have **allegedly** been brigading other subs. u/redchessqueen99 [wrote a post here that addresses the issue](https://www.reddit.com/r/Superstonk/comments/o80eky/no_brigading/) **(THIS IS REQUIRED READING)**, but I want to get into this. If we're going to be accused of something, let's look at facts. + +&#x200B; + +We know there are popular users ("influencers") in stock/finance subreddits that have been paid by companies to promote certain tickers and write/post DD. How do we know that? + +&#x200B; + +[**Because you have apes like me who blew their diamond whistle instead of taking the check.**](https://www.reddit.com/r/Superstonk/comments/ms6yvq/blowing_my_diamond_whistle_as_a_highly_visible/) + +&#x200B; + +https://preview.redd.it/j5ksbue4b2871.png?width=1078&format=png&auto=webp&s=c44c58abaff4e4420823bd97827930e3025ccd50 + +Wait, so there's **PROOF** that there are **PAID SHILLS** on **THIS VERY WEBSITE?** (reddit as a whole, I mean) + +**Yep.** + +[And when we investigated these "shill-shell" companies, we found some pretty disturbing stuff. Like the psyops manual used to train people who take jobs shilling, politicians, volunteers, etc...](https://www.reddit.com/r/Superstonk/comments/mtc4xu/buying_influence_the_pump_and_dump_scheme_preying/) + +We also know that paid shills are also sent into internet forums to bash certain stocks so as to drive down their price. We know they are sent to communities like ours bash a stock to the long positions in the community. This activity is as old as the internet chat room (a/s/l? :P). + +So, duh, we know shills are a thing. Mods and members alike have been experiencing the harassment these paid bad actors use to attack us with their psyops and bullying communities like ours. And the bullying continues in other communities yet nothing is done after repeated reports. Seriously. If you could see some of the abusive wording in the mod reports on Superstonk posts, presumably from trolling shills, as well as the harassing DMs and posts directed at single users on other subs (myself included), you would see what a psychological battle this has become for us all. $&\*@#!&%\^! I JUST LIKE THE STOCK! + +So now I present the possibility here... we know we have been dealing with shills for months in these forums. So much so, that we've had to develop special AI software, SATORI, to help combat this epic problem. *Would it be so crazy to assume that we have shills going into other communities and pretending to be members of Superstonk, spreading negative sentiment?* Who knows. But Satori is now actively finding out for us. We should get the data soon. + +&#x200B; + +![img](qpld9231b2871 " +") + +This isn't a normal community. We are disproportionately targeted because of our unique popularity in the scope of reddit, yet here we stand tall. Remaining vigilant in our DD and excellent to each other. There is no evidence presented to us yet of any posts on this subreddit condoning brigading (we have requested from multiple sources), but we will continue to investigate. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# New Karma and Age Requirements, Cross-Posting and Mention Bans, and more + +Given the level of fire we are under at this time, and to combat the issue of alleged brigading, the only alternative to completely going dark (which won't happen), is to up the automod age requirements to comment and post. + +**Satori is still approving users, regardless of age and karma, everyday. And if you have already been approved by Satori, these new rules will not affect you!!!** + +This is mainly to keep shill accounts out. And it has proven effective in the past. We prefer to stay defensive rather than offensive, and don't feel it's a moment too early to be raising these requirements to protect the sub. The issue has also brought the need to ban crossposting as well as many new words being added to automod (the ones that pertain to other subs). + +Oh, and... In case you missed it, we also had some code forcibly added to our automod code by reddit admin: + +![img](6uhvmvrmc2871 " +") + +So no more links to other communities or call outs of other communites. 🤷‍♀️ + +The mod team appreciates you understanding that we are doing what we have to do to keep this community safe. + +&#x200B; + +I know some interns that are going to be out of a job this summer...... + +https://preview.redd.it/ei6zsu9x52871.jpg?width=880&format=pjpg&auto=webp&s=c33ca63334a58f6daba01f5d58d08cef6fcb1d59 + +Look for more info coming soon in an upcoming update post from u/redchessqueen99 + +# YOU CAN STILL COMMENT !apeprove! TO BE ON THE LIST OF USERS FOR SATORI TO FAST TRACK TO APPROVAL STATUS! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# No More MSM GME Talky 🤐 + +&#x200B; + +Don't even get me started on the narrative that retail-reddit in particular- is somehow capable or responsible for "influencing" a stock. This is clearly MSM trying to paint a narrative. (Brigading sound familiar? More on that below) + +Looks like a couple Billion in liquid capital and a rockstar exec team isn't promising enough. Sorry, I didn't know you were supposed to show your hand in poker before the dealing is done? Is it normal business practice to expect business strategies be proactively made public? Were 2 positive QE reports not enough? Russell 1000 upgrade? No? Ok.... + +&#x200B; + +[Credit u\/apegoneinsane ](https://preview.redd.it/ds3w3rxh22871.png?width=960&format=png&auto=webp&s=ec3f06bd47de66ff596be13fa3c3f92de3edbd7c) + +# “Baird receives certain payments on retail option orders routed to Citadel Securities” 👀👀👀👀👀 + +&#x200B; + +MSM is just a propaganda machine. We've always known that. Now it's becoming more blatant, the more desperate they become. + +&#x200B; + +...Which brings me to MarketWatch. I won't link the article here because I don't want to give those MotherFUDders clicks. And I also don't want to post screenshots because that's a gray area in our NO BRIGADING rule and I'd rather play safe and set a good example here. + +It basically said that we are the new popular stock sub, but then goes on to say that we had a "flurry of anti(*that* sub) posts" and have almost half a million members. + +Ummm.... are we playing two truths and a lie?? + +Moderators here have not at any time allowed any kind of call outs to other subs in this manner. And we certainly are actively removing and potentially banning users that are guilty of these brigading posts. MSM is really trying to paint this sub with a brigading brush, but I, for one, am not buying it. + +TL:DR: Don't trust the narrative that MSM is writing right now. (As if we did before, but extra caution now is warranted.) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A note from your friendly local Pink Cat ✌💖🐈🦄🚀 + +&#x200B; + +Today's JB probably seems a little feisty. That's because it's warranted. Building this sub has been a labor of love on everyone's part, not just the mods. This community is built by apes, for apes. We are just the groundskeepers for the think tank. You all make it shine with content. + +&#x200B; + +Having said that, we are volunteers. Every one of us. We are here because we like the stock and like the sub. And we have all endured months upon months of harassment just for that simple fact alone. Yet we endure. Because the stock and the company's future is just *that fucking awesome*. + +&#x200B; + +I/we, this whole mod team... we will not let the sub be attacked from any source if we have any say in the matter. 🦍🤝💪 + +&#x200B; + +[Shield Wall!!!!!](https://preview.redd.it/yjxjgwhaf2871.jpg?width=1324&format=pjpg&auto=webp&s=f0b896fd5b3edcc9b32a49d40ed32e9f5e7d5947) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# We Like the Company! We Support the Company! + +&#x200B; + +Obviously you're a shareholder because you love Gamestop and have high hopes for its future. Supporting the company you love on the retail front is a great way for a shareholder to ensure a business' success! Here are several ways you can show your public support for Gamestop; + +* [**Shop at Gamestop.com**](https://www.gamestop.com/) **🛒** +* [**Become a PowerUp Rewards Member**](https://www.gamestop.com/poweruprewards/) **✊** +* [**... Which gets you a subscription to Game Informer Magazine**](https://www.gameinformer.com/) **🚀** +* [**Follow Gamestop on Twitter**](https://twitter.com/GameStop) **🦍** +* [**Subscribe to Gamestop's YouTube Channel**](https://www.youtube.com/user/gamestopvideo) **🖍** +* [**Follow Gamestop on Twitch**](https://www.twitch.tv/gamestop) **🎮** +* [**Follow Gamestop on Instagram**](https://www.instagram.com/gamestop/?hl=en) **🌙** +* [**Follow Gamestop on Facebook**](https://www.facebook.com/GameStop) **🦧** +* [**Apple Devices- Download the Gamestop App**](https://apps.apple.com/us/app/gamestop/id406033647) **(Link to App Store) 🍌** +* [**Android Devices- Download the Gamestop App**](https://play.google.com/store/apps/details?id=com.gamestop.powerup) **(Link to Play Shop) 📈** +* **Brands owned by Gamestop; ThinkGeek, GameInformer,** [**MicroMania**](https://www.micromania.fr/)**, and** [**EB Games**](https://www.ebgames.ca/) **💎** + +Please remember apes, as you are interacting with Gamestop Social Media, that their objective is to reach gamers and promote their brand to their demographic. Yes it's fun when they tweet MOASS and Chickie Tendies, but let's not flood them with comments about Ken, Naked Short Selling, and Mayonnaise. Let's show them support by joining, contributing to, and expanding their robust community of gamers! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Reddit down 🚨 + +# With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +https://preview.redd.it/ipiwhqxxt1871.png?width=1600&format=png&auto=webp&s=4395b8c806799ecbaffc67d4f28c0cc3bfa74017 +This is what friends, family, and most importantly our short enemies on the other side of this trade can’t seem to get through their heads. They can’t believe that we believe so strongly in the fundamental picture now that we’re content to hold as these fundamentals play out. + +A true long who is highly convicted in the underlying fundamentals is so dangerous to a short, because a true long invites dips as buying opportunities to fill up the bag and doesn’t sell on rips. A true long who is highly convicted sees the big picture, so there’s no flitting in and out of the trade like a scared little birdy. + +I think this is where big money still underestimates us. They think if they can get it just high enough we’ll sell to lock in profits or if they can just get it low enough and fud us enough we’ll capitulate and sell to avoid further losses. + +They don’t get that we’re true longs now, that the dd bears out a thesis where this thing could 100x or more on organic growth alone. Why the fuck would I sell for relative peanuts when I’m sitting on what I believe to be a 100 bagger or more? Why the fuck wouldn’t I load up the bag like my life depended on it if they’re successful in tanking the price again when I know full well that tanking is due to more short selling and not the fully committed long investor base selling off? + +Retail becoming true longs in this play is what the shorts hate and fear the most, and it’s exactly what has happened. +I started investing back in 2013, when deals were much easier to be found. Even in 2016, I remember being one of a few friends who had started to invest in real estate. Is it just me or is the space extremely crowded right now, with everyone and their moms looking to invest? I would say 9 out of 10 people that I know have started to or are interested in real estate investing. And these people, for the most part, understand numbers and aren't over-leveraging on their deals. + +I know one school of thought is that there are market cycles and many investors that don't focus on fundamentals will be in trouble during the next major downturn. But a part of me thinks the space may be crowded for good and we'll see more competitive from this point going forward, regardless of any dips in the market. There are so many good resources online (eg. Biggerpockets) that have drilled the fundamentals into investors. + +Thoughts? +Discliamer: This is not financial advice and I'm not telling you to buy any of these stocks. This list is only based off PRICE. You'd have to look at other aspects of these stocks in order to determine if they're worth the investment. Just because they're down doesn't mean they'll certainly go back up to their pre-pandemic levels. Always do your own due diligence before investing. + +After some digging, I found these stocks that haven't recovered to their pre-pandemic levels: + +- CHR.TO (Chorus Aviation) + +- AC.TO (Air Canada) + +- VET.TO (Vermilion Energy) + +- SU.TO (Suncor Energy) + +- PPL.TO (Pembina Pipeline) + +- TRP.TO (TC Energy) + +- SWP.TO (Swiss Water Decaffeinated Coffee) + +- IVQ.TO (Invesque) + +- CGX.TO (Cineplex) + +- MRC.TO (Morguard corp) + +- MRT-UN.TO (Morguard REIT) + +- MRG-UN.TO (Morguard NA Residential REIT) + +- HR-UN.TO (H&R REIT) + +- REI-UN.TO (Riocan REIT) + +- D-UN.TO (Dream Office REIT) + +- HOT-UN.TO (AmericNn Hotel Income properties REIT) + +- CUF-UN.TO (Cominar REIT) + +- AP-UN.TO (Allied properties REIT) + +- MI-UN.TO (Minto Apartment REIT) + +- FCR-UN.TO (First Capital REIT) + + +Feel free to comment down ones that I missed and your thoughts on these stocks. + + +Edit - Added from comments: + +- ZWC.TO (BMO High Yield ETF) + +- ENB.TO (Enbridge) + +- ESI.TO (Ensign Energy) + +- CHE-UN.TO (Chemtrade Logistics) + +- ACO-X.TO (Atco) + +- CIX.TO (CI Financial) + +- IAG.TO (iA Financial) + +- FFH.TO (Fairfax Financial) + +- DIV.TO (Diversified Royalties Corp) + +- DE.V (Decisive Dividend) + +- SIA.TO (Sienna Senior Living) + +- SCL.TO (Shawcor) + +- PLZ-UN.TO (Plaza Retail REIT) + +- SRU-UN.TP (Smartcentres REIT) + +- CSH-UN.TO (Chartwell Retirement REIT) + +- IIP-UN.TO (Interrent REIT) + +- AX-UN.TO (Artis REIT) + +- BEI-UN.TO (Boardwalk REIT) + +- KMP-UN.TO (Killan Apartment REIT) +Another 2.2 million in contracts. +https://www.globenewswire.com/news-release/2021/03/04/2186878/0/en/Kraken-Announces-2-2-Million-of-Subsea-Batteries-and-Sonar-Contracts-Project-Funding.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) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +🔥 Our new app is due to drop on 16th June 2021 🔥 + +Unlike other coins in the same space, we are actually delivering on our promises and working hard on our vision. You can view the trailer of our new secure mobile app wallet here [https://youtu.be/LR0mnB4bCyA](https://youtu.be/LR0mnB4bCyA). Our augmented reality application will be released soon after. + +Security for our users is our biggest priority. To put our community safety first we have implemented military grade AES256 and BIP39 encryption technology. + +Our wallet also includes transaction spoofing which makes it virtually impossible to track a user's transaction data. + +Using decentralized and blockchain technology, users are able to send secure instant payments to anywhere in the world. This also allows the simple exchange between any type of listed cryptocurrency. + +Dexioprotocol is a new cryptocurrency launched on the Binance smart chain with the sticker symbol DEXI (contract 0x29b1e39a529d3b3cacea55989594f71813e998bb). Our mission is to engage new investors by using an augmented reality application and crypto bounties placed around the world. By combining AR with cryptocurrency we will spearhead a new medium where potential new investors have a fun and interactive way to collect crypto while also learning about blockchain technology as well as how to invest their crypto wisely. + +These token bounties will be available around the globe; think "Pokémon Go" but catching crypto rather than Pokémon. The new app will also utilise our secure wallet released on 16th June 2021, transaction tracking and, of course, an augmented reality camera allowing you to snap up those crypto bounties! + +Join our ever growing community on telegram and speak directly with our amazing team. + +🚀 Market cap of approximately $5M +💎 3% of tokens are redistributed to our holders +🚀 500,000,000,000 supply, of which 25% has already been burnt as voted by our Dexonians +💎 Liquidity has been locked +🚀 3000 holders and growing +🔥 Entire Dexi team is already doxxed (see website for details) + +Trailer of the wallet app [https://youtu.be/LR0mnB4bCyA](https://youtu.be/LR0mnB4bCyA) +Demo of our wallet app [https://drive.google.com/file/d/1Q3iIilJzUc-NMqOZA8ctL0WsoLqYpCRz/view](https://drive.google.com/file/d/1Q3iIilJzUc-NMqOZA8ctL0WsoLqYpCRz/view) +All social links: [https://dxco.in/0x29b1E39A529d3B3cacEA55989594F71813e998Bb](https://dxco.in/0x29b1E39A529d3B3cacEA55989594F71813e998Bb) +Pancake swap - Binance Smart Contract: 0x29b1e39a529d3b3cacea55989594f71813e998bb +Coin Market Cap: [https://coinmarketcap.com/currencies/dexioprotocol/](https://coinmarketcap.com/currencies/dexioprotocol/) +Telegram: [https://t.me/Dexiochat](https://t.me/Dexiochat) +Twitter: [https://twitter.com/dexioprotocol](https://twitter.com/dexioprotocol) +Website and whitepaper: [https://dexioprotocol.com](https://dexioprotocol.com) +Join our Discord for free giveaways [https://discord.gg/ugtHNNbjdW](https://discord.gg/ugtHNNbjdW) +YouTube channel with intro to DexioProtocol - [https://www.youtube.com/channel/UCP6x-ru13VinF1ndw0YxSiQ/featured](https://www.youtube.com/channel/UCP6x-ru13VinF1ndw0YxSiQ/featured) +EDIT: /u/Ztronic's response below brings up a [good critique](https://www.reddit.com/r/ethtrader/comments/9odwn3/your_thoughts_on_tether_poll/e7tku8z) of this poll and choice of words. Also /u/savage_x as well had [valid criticisms](https://www.reddit.com/r/ethtrader/comments/9odwn3/your_thoughts_on_tether_poll/e7tgt7h). I think both these guys need to do a poll with a better question/answers than this one. Anyone can make polls. Try it out. + +The word "Important" is not a great word choice. It implies there is a problem with Tether and the word "Disappear" can mean different things. It may be a good thing that it disappears LOL. It may not be a good thing depending on the circumstances. + +&#x200B; + +Edit 2: This is /u/Ztronic's poll [https://www.reddit.com/r/ethtrader/comments/9oga6q/how\_important\_is\_the\_health\_and\_stability\_of/](https://www.reddit.com/r/ethtrader/comments/9oga6q/how_important_is_the_health_and_stability_of/) + +&#x200B; + +&#x200B; + +Based your understanding of Tether - **one year from now** if Tether were to disappear, the lasting effect it has on crypto moving forward will be: + +&#x200B; + +&#x200B; + +[View Poll](https://www.reddit.com/poll/9odwn3) +Here's a pic of it... https://i.imgur.com/6jHszXS.jpg + +I remember getting a notice that the 1 share split into 2 many years ago. Since then I've moved quite a bit and the address that's listed on the cert is waay old, so I never received any other official notices about the bankruptcy or notices about Disney's acquisition, etc. + +Candidly I have no idea about anything stock related, so for all I know this certificate is nothing more than fancy wall art at this point. Any ideas? +I wanted to make a quick guide into the process of alpha research which I hope can be useful to newer traders trying to build and algorithmic trading strategy. I used BTC and ETH data sourced from Binance and left out some assumptions like transaction costs, slippage etc which would have an effect on real world performance but would be too much to cover in one post. + +First, lets look at BTC and ETH returns over time, one big thing of note here is while the returns are seemingly random a clear pattern exists between the two assets and they tend to move in the same direction over time. This is also confirmed by the returns scatter showing a relationship between the two as well. + + + +https://preview.redd.it/a3zf5vji20o51.jpg?width=2489&format=pjpg&auto=webp&s=19deb3ba0531832cda45a67ede408e9ab83768a0 + +So one might notice this strategy and decide that trading the ratio between the two price series might be beneficial and they be mean reverting. So when we can look at the ratio over time, again there's no clear pattern or between the two and its seemingly random. Even with the benefit of hindsight we can see that the ratio doesn't seem to revert to its long term average. Trading this would likely not result in much profitability. + +&#x200B; + +https://preview.redd.it/a0eqos8zwzn51.jpg?width=2490&format=pjpg&auto=webp&s=d0be6f21b82d41f2503b3898c4d67929eaf90d62 + +What we can do however is use a normalisation technique to normalise the ratio over time and see what that looks like. (I attached some common methods there for inspiration). Now if this doesn't excite you you might be in the wrong field, we can see our data behaving lovely around a mean of zero with a rang of -3 to 3. This is something we can use to trade. + +&#x200B; + +https://preview.redd.it/7id6849hxzn51.jpg?width=2764&format=pjpg&auto=webp&s=db339b53bdadc549c210b31b9f3ea198bf9f2be0 + +To transform this into buy and sell signals is pretty simple, we set our sell threshold at +2 as from the data it's clear that over time it will revert back and similarly we set our buy threshold to -2. and when we want to enter a long trade we will be buying an equally weighted portfolio of long BTC and short ETH and a short trade would consist of short BTC and long ETH. + +&#x200B; + +https://preview.redd.it/f110bhydyzn51.jpg?width=2767&format=pjpg&auto=webp&s=1add25afa3da304463a54d32fc8bb42a72f28837 + +If we set our position to a binary +1 for long and -1 for short here what our position will look like over time. + + + +https://preview.redd.it/bmwckggmyzn51.jpg?width=2782&format=pjpg&auto=webp&s=c6ca8c1bf98604a6e7198b9c59be1af230cdfd26 + +Finally what everyone wants to see, returns over time. This strategy performs remarkably well over time and across multiple time frames and asset classes and I encourage people to look into things like 'pairs trading', 'stat arb', 'mean reversion' and 'relative value trading' as they are a very strong and reliable form of alpha when done right. Over the sample period of \~4years the strategy made steady and consistent returns amounting to just over +350% with a sharpe ratio of 2.003. + + + +https://preview.redd.it/ta8p43a3zzn51.jpg?width=2766&format=pjpg&auto=webp&s=be9ceb6ebde6222deab733f8e7dd20e4dfeafa10 + +There are plenty adaptation and optimisations to be made that can further improve results, namely: how you normalise your data, buy-sell threshold value, adding buy-sell threshold bands, time frame you trade in, adding additional stop losses to avoid big drawdowns. This post is probably getting a little long so I'll leave it there. Thanks for reading. +For starters, I have zero investment experience. My mom passed away last year and had a life insurance account nobody knew about which I inherited 84k from tax free. + +I'm good at saving money, but that's about it. I'm 23 and have like, 1.6k in a Roth IRA my employer made me create. I finish school for graphic design in fall of 2023 and have a little over 6k in federal loan debt. I also have a life insurance fund from my father that pays me 1.1k each month which will end when I'm 26. It pays my rent and car loan, which still has 4.5k on the left of the loan. + +I figured I should give a decently detailed description of what my situation looks like. I think I should also say my students loans aren't accruing any interest while I'm in school, and my car loan's interest is around 3.2%. + +I was planning to pay off my car and set aside around 10k to get myself through the rest of school. After that, no idea. I know I want it somewhere I can't touch it. I have decent self control, but I don't wanna give myself the chance to do something stupid. I wasn't looking at a house since I haven't graduated yet and don't wanna tie myself down somewhere. Plus, it seems like a bad time to buy a home and I honestly don't wanna deal with the maintenance. + +I want to grow it, I'm just not sure how. Stocks are scary and I have a hard time trusting people to actually work in my best interest to invest it for me; but, I will probably let my credit union's investment team handle it since I know so little. I'm just looking for ideas so I don't sound like a total idiot when I go in to talk to my credit union's investors. + +any help is appreciated. + +Edit: update. + +Thank you all for the amazing advice! I have some talking points I can bring up to people at the bank now. It sounds like I wanna put at least 30-40k in something along the lines of a vanguard, keep 10k liquid and put 12k into the Roth IRA over two years which will leave me with 22k for school and loans. +What up Autists, Retards, Autistic retards, retarded autists, re-tistic au-tards, tardau tisticsre, degenerate gamblers, wise investors, YOLO kings, loss queens, dumb cunts and the rest of you that resides in this hive of scum and villainy. + +It's ya boy BigJimBeef coming at ya with Fridays Bets and Bans and [Big Bouncing Breasts](https://www.youtube.com/watch?v=25GNYaiEDhs) post. I am absou-fucking-loutley honored to have been asked to do this and as the 1st person to have a go at it I am going to knock back 6 shots of Tequila 2 shots of Rum and see where this night takes us. So before I black out or become completely incoherent lets act like a highly trained malnourished Olympian and [dive](https://youtu.be/T33IE_RohGM?t=6) right in: + + + +Coming in hot u/ChalkyAus bet that LKE will make another Market Sensitive announcement (not their quarterly) before 10 August or he will take a fortnight with the sad sacks on the other side of the fence... in other words he will have 2 weeks ban. [Graph](https://imgur.com/a/ar5ziVr) + +Next with his/her/they/their smouldering good looks and meme stock investing skills is + u/_Smoulder_ who bets that if Z1P, everyone's fav BNPL meme stock, doesn’t reach $11.5 before Aug 31st he’ll take a 31 day ban. With only a few days to go the tension is palpable. Let's see what news drives the price up 50% :P + +I have some skin in the game on this next bet and I am shocked and appalled that anyone would make a ban bet about this particular dodgy fucking penny stock BPH. Seriously guys how many brothers have to fall to NOPTA approval? Anyway BPH to get approval by 31st of May hold up a sec, fucking scratch that u/FameLuck extended this one by 3 months by doing that [shoey](https://www.reddit.com/r/ASX_Bets/comments/noozhu/fameluck_shoey_warning_ginger_face_reveal/?ref=share&ref_source=link) so at the end of August if BPH don't have NOPTA approval u/FameLuck gets a one year ban. Flash forward to 2055 when it's still not approved and the robot overlords rule us all. + +So anyone remember that fucking [poll](https://www.reddit.com/poll/nry9a9) about the ban or mow the lawn in a pair of golden speedos that u/heavy798 was involved in? Well it comes due on the 31st of August. Tick tock motherfuckers. Looking forward to that video, get your popcorn ready. + +u/Coloneloscoppy has a bet due on at the end of August as well. Pretty fucking high stakes, a year ban if BBUS below 1.2575 on August 31st. + +Ok so if u/yaals doubles their money on YOW within 3 months u/debtandregret1984 will eat a yowie toy. Did this happen? Will u/debtandregret1984 eat a yowie toy? I have no clue. + + + If RAC touched $2 yesterday on August 5th u/theoriginaluser01 has some to do a pretty standard warm milk shoey. Taste that milky goodness. + +OZL going to be hitting $30 by the end of September or a 1 month ban for /u/daddyhitch + +2 week ban if LKE doesn't fall on its balls back below 45c by 13th August ban for /u/BillyZaneTrain. +Looks like it wasn't even close so a ban for BZT. Also I am semi-reliably informed that the big BZT is dating an actual gold medal winning swimmer. Big if true and would be nice to know that at least one person in the relationship is doing something with their life. + +CXO finish green on Friday the 6th or /u/Take1tez takes a 1 month ban. It didn't so that's a swift banning. + + +u/Logicorluck bet a weeks ban if ROG does not hit .015 by Monday close... I am not sure about the exact date but I am going to take a wild guess and say it didn't since the highest i see is 1c over the last month or so. + +u/thub1990 bet 1 week ban if LKE doesn't hit 70c by close on Monday at some point. Once again... Yes that's a banning. + +LKE to trade within the 25-30c range by the end of August. Not long left and it looks like u/billy2608 will take a month off and donate $50 to charity. Unless of course it drops by 50% in the next few days. Seems as unlikely as z1p to $11. Also u/ewanelaborate jumped in on this i believe. + +This one is slightly complicated but + +u/darkraiden u/FameLuck u/Texas_Tom u/LittleTimmysGrowFund u/VintageKrumb Losers on the PUR bet to take 4 week ban. +The bet was: PUR will hit 9c before VML hits 7c or vice versa. Condition: Close on the day they hit must be at least 90% of target (8.1/9c and 6.3/7c respectively). [To counteract next investor pumps] + + + +u/redditanomalyy bet 1 year ban ABB will trade above $4 by end of year. Looks likely from where I am sitting. Tick tock! + +noted IXR to close grey or u/logofpoo purchases 1 share of DLC. Can you even buy 1 share ? I believe the minimum is $500 so I have no idea how this will work, sort it out! +Proof or ban u/c-migs user was banned for not having any proof. + +Our resident mod u/mcfucking called a proof or ban on u/camthebogan for saying he had 6 figures worth of BRK. Looks like he deleted his post and his account possibly as well. What a coward. + +u/BrianWright45 banned for spammed. What a jerk. + +u/ggidd has a 30 day ban for shilling. If you want a link to the said shilling you are shit out of luck cause the link i was sent dosnt work. I hope this one wasn't in error. + + +Quoting u/itsdankreddit :I'll take a one week ban if it (RFX) doesn't close above .063 this Friday close. Lets see how this one plays out. + + +Ol' mate and big swinging granny tits /u/rhythm34 won a quick bet that KNI would get a speeding ticket. Low hanging fruit but a bets a bet. + +u/sayayyy bet if CLT doesn't close at or above 0.080 by Friday close he'll take a week's ban + +Also u/flemdiggitty has probably a new ASX_BETS record on VUL. Bought in at 20c and is still holding. A Congratulations and well deserved fuck you is in order. I never felt comfortable that a retard like me was holding the record so i am glad someone else has it now. Unless of course i still have the biggest realized gain percentage record in which case can someone sell some VUL and take it off me. + +When I started this i had no idea the amount of work that went into these posts. Fuck a duck it goes on and on. The amount of ban bets is ridiculous! The mods put in a stupid amount of work and we need to put some damn respect on [ them] (https://www.youtube.com/watch?v=4jLT7GQYNhI) . + +SO i have a funny feeling deep in my balls that this will not be the end of the guest posts. Who will be next? Will Melvin Butters make a triumphant return? Will Plucky finish up with the butt stuff long enough to put a massive bet/ban post together? Could it be someone back from the dead? I will let the speculation go wild. Or mild. Its probably going to be some crazy cooky cunt anyway. + +On a slightly more personal note I am quite sorry that i have not been posting as many memes as i used too, work has been getting [crazier](https://www.youtube.com/watch?v=3fHl9bxVT58). I enjoy the extra money but I do miss the time i used to spend researching stocks and making memes for you all. Also I have been noticing a definite downside in my portfolio since i cant spend 5 hours a day looking into every aspect of the market. Might be a life lesson there. + +See you all! +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! + +Is Melvin capital / Citron Capital the Lehman Brothers of 2021? + +Will this lead to a decrease in hedge funds trying to massively short companies (and thereby manipulating the markets)? + +Will the SEC halt trading entirely? Do you believe that to be based on concerns around market manipulation by WSB or to protect MC and CC? + +Please guys and girls - serious discussion, no WSB memes. +In Bob Iger's book, the ride of a lifetime (great book by the way), I came across a famous quote by William Goldman: “In Hollywood, no one knows anything.” The quote is basically meant to say that no one can tell if a movie is going to be a hit or a complete bomb. + +I would rephrase this to - **In investing, no one knows anything**. + +This is a bit harsh and not entirely true of course, but my point is that even the great ones don't have a clue when a stock is close to bottoming out, when to buy or when to sell. + +Case in point: + +*Charlie Munger* \- Bought Alibaba at around 220$, started using leverage at around 120$ + +*Monish Pabrai* \- Bought Alibaba at around 220$, sold it, and bought Prosus somewhere between 65-75$ + +*Guy Spier* \- Bought Alibaba at around 220$, bought Prosus somewhere between 65-75$ + +*Bill Ackman* \- Bought Netflix at around 390$ + +*Seth Klarman* \- Large portfolio drop in almost all stocks as seen on DATAROMA + +To all of the above, I would also include *Li Lu* because Munger 100% consulted with him about Alibaba. + +If you look at DATAROMA, the most popular stock for the super investors (except for BRK) was Meta Platforms which is in free fall. + +Single stocks amount to approx. ¨10% of my portfolio. The rest are diversified ETFs. + +A decision I am happier and happier with. +[https://www.youtube.com/watch?v=j7imfdyi-C4&ab\_channel=CNBCTelevision](https://www.youtube.com/watch?v=j7imfdyi-C4&ab_channel=CNBCTelevision) + +I rarely watch or listen to Bloomberg or CNBC, but I found this is so hilarious. They sometimes can be helpful, but it is more like entertainment for me and it reminds me to have my own ideas and thoroughly scrutinize it. +I have begun doing the valuation series by [**Aswath Damodaran**](https://www.youtube.com/channel/UCLvnJL8htRR1T9cbSccaoVw) on YouTube, and thought I would share my notes here, which would help encourage discussion, and fill gaps in my understanding since I am not from a finance background. If folks do not find this interesting, or violates any rules here, let me know, and I will take the post down. + +&#x200B; + +**Who does DCF Valuation work best for?** + +* Investors who have a long time horizon, and are not shaken with short term volatility to allow the market enough time to correct the valuation gaps in the asset. +* Investors who are capable of providing a catalyst to the market to correct its valuation mistakes. For example, activist investors. +* Investors who are not easily swayed by peer pressure, and market swings. Remember, the market can remain irrational longer than most people can stay solvent. + +&#x200B; + +**Two faces of discounted cash flow.** + +Most of the people are generally aware of the first form, that is widely available and used in literature and by investors. The central tenet is that the value of a risky asset can be estimated by discounting the expected cash flows generated by the asset over its entire lifetime at a risk adjusted discount rate. Remember, that the statement talks centrally about cash flows, so, it is not possible to value assets that do not inherently generate cash flows, like gold or currencies. Mathematically, + +Value of the asset with a n year life = E(CF1)/(1+r) + E(CF2)/(1+r)\^2 + ... + E(CFn)/(1+r)\^n, where + +* E(CFt) is the expected cash flow generated by the asset in year t. +* r is the discount rate that reflects the risk on the asset. + +The above equation, can be rewritten to remove risk, which provides another face for the DCF valuation. If we replace the expected cash flow from the asset in any year, by the guaranteed cash flow, then we can discount the cash flows at the risk free rate to arrive at the value for the asset. But, as it sounds, coming up with guaranteed cash flows for the asset is hard. + +This is the place where a lot of people mistake what Warren Buffet preaches. He mentions that he discounts cash flows at the risk-free rate, but he also discounts the cash flows that he thinks are guaranteed, rather than the estimated cash flows. **Remember, the rate of discount depends on what is being discounted.** + +&#x200B; + +**Two types of valuations** + +You can use the DCF model to value firms in two ways, and it is important to remember what you are actually valuing while you are at it. + +* You can value only the equity in the company. +* You can value the entire assets of the company, or the value of the entire company. + +When you are **valuing only the equity** in the business: + +* You need to account for cash flows to the equity investors. These are cash flows left after paying off any debt obligations. +* You need to discount these cash flows at the cost of equity, which is the rate that equity investors demand for investing in the business. +* The most strict view of valuing the equity in the business, takes the form of treating only dividends as cash flows, since those are the only cash flows to the investors. The dividend discount model does this exact thing. The problem with this approach is companies do not always pay all that they can as dividend, and could lead to arriving at a lower value, than possible. +* The next common approach is valuing the "dividend potential" which are cashflows left after interest payments. +* You can also arrive at the equity value of the business by valuing the entire business, and taking out the entire market value of debt for the business. + +&#x200B; + +When you are **valuing the entire business**: + +* You need to discount both cash flows to the equity investors at the cost of equity, and cash flows to debt investors at the cost of debt. +* If your interest payments are tax deductible, the effective cost of debt is reduced by the tax rate, i.e., Cost of debt = Cost of pre tax debt\*(1 - tax rate) +* You can simplify this, by discounting total cash flows to the business by the cost of capital to the business. In this case, the cash flows are before interest payments, because you are accounting for cash flows to both equity and debt investors. +* Cost of capital is simply the weighted sum of cost of equity and cost of debt, according to their market values. + +&#x200B; + +If there's something I have mistaken, I'd love to learn from you guys! :) +I'm in my 20's and had a friend who made a million in Vegas, then spent it all and lost it all in a couple months. Another friend lost his portfolio of $1,000,000 before in one night doing options when bored and drunk. The options were next day expiring, and didn't go his way. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Just noticing a potential psychological assault forming within this sub. + +A significant amount of post are suddenly cropping up, all of them talking about how they are diamond hands and their family/friends telling them they should have sold or they have a problem. + +On any other day I would find this inspirational, but the sudden surfacing of these post all on one day raises my paranoia alarms and I feel like its phase one of a FUD campaign. Some of them are straight up saying their families are afraid people PENSIONS will be harmed. I suspect here in the next week or two they campaign will do a 180° turn around and the narrative changes to they "sold" their shares and probably include somethings along the lines of "im happy with my profit" or "this is the peak." + +Im not saying down vote them and stuff. They may be true but remember be cautious. If everything where what it seemed this forum would have never came to fruition. + +Edit: Got way too triggered too quickly, there are other posts similar to mine with earlier time stamps. + +Edit 2: Ape no fight ape, if you believe a story is real engage positively or just move on. No need to down vote either, the post might just be inspirational for an other person. Unless of course they are blatantly breaking a rule or something alike. +I’m a high school history teacher and today’s lesson was about the American Revolution. On paper, the colonies absolutely should not have won. And at first they literally had no desire to split from England. They had reasonable concerns that could have been remedied with extreme ease. But of course the oppressors are afraid of people getting a taste of freedom, so instead of giving them an inch and solving the issue they decide to give them nothing. The colonists knew there would be no discussions, compromises, concessions. It was all or nothing. + +The British has unlimited resources, the world’s best navy, tons of military experience, etc. What was their motive? To maintain their reputation and status to their world. To ensure that their presence dominated and should not be messed with. Crack the whip to make an example out of them. + +We had nothing. Not enough money to pay our soldiers, nothing to feed them, nothing. The British kept kicking our butts. They were more powerful than us. Well, when it came to physical and monetary resources. But honestly that’s not what wins wars. Who has more resources - the Viet Cong or the US? The Taliban or the US? + +Wars are won through conviction and perseverance. That’s it. It is not the allocation of resources, military prowess, etc., etc. + +The colonists didn’t have to conquer anything. They simply needed to outlast the British. What you may not know is that Valley Forge isn’t a cool naval fort, important strategic location, or a battleground, but an encampment. Why do you know that name, then? Because WE DIDN’T FUCKING DIE. + +Over a thousand soldiers died from starvation, exposure, typhoid, dysentery, and the threat of smallpox was ever present. + +This clusterfuck (formally referred to as “Valley Forge”) lasted for 6 months. +They started off with 12,000 men. + +Don’t you think most of them would have abandoned the army by then? + +What were they holding on to? Why? + +They knew what they were fighting for, because of the abuse they suffered under a tyrannical government. They wanted something good to come out of that pain. They wanted to make a safe place where people can be free from tyranny, and by having experiences that first hand they were able to make an amazing Constitution to prevent those abuses in the future. + +You cannot buy conviction. You cannot buy perseverance. Those qualities cannot be bought, nor can they be counterfeited. + +And much like diamonds, these traits last forever. +Because after twenty years of working 50+ hours a week to make ends meet, I can rest + +I finally have the time and money to get my migraines under control + +mine & my son's future is financially secure + +I can buy my dad a house + +I can make the world a better place + +and because the little guy *can* win + + + +After typing this I almost deleted it because it sounds too sappy, but fuck it + +*Edit +The instant reaction to this post made me tear up. I love all of you + +**Edit again +[Here's my truck](https://imgur.com/bb50RL4.jpg) + +***Edit #3 [GTFOH](https://imgur.com/p9SxE88.jpg) + +****I wish I could respond to all these replies! 💔 I see you, and I appreciate you +After calculation I just found that my taxable income crosses 50lpa this year. What are some things to keep in mind in terms of tax saving and investing when one crosses 50lpa. For example I found few things + +1. Old scheme is better than new schema. +2. Investing in FD,s get worser as it is considered as income and the tax will attract a additional 10% cess. +I am looking into clean energy ETFs, the major names being ICLN, QCLN, PBW etc. Yes, they all have performed really good but they are not active ETFs and there is no manager who can go on TV/twitter to explain their choices. Given the success of ARK's approach in providing a rationale for their choices, I am looking for a similar clean tech ETF. Is there something like that? +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! + +To preface I understand how fortunate I am to have a job that allows me to work from home but there's a part of me which would love to have a few paid months off. Anyone else working from home feel that way? I think it doesn't help I've always struggled working from home so not having a work-life life separation is getting tough. +Not sure if people are retarded, don't give a shit, or just sleep on bags of money - just attended an online auction of a property I was quite interested in... it went for over $200k over reserve price and over $300k of the lower end of the advertised range! + +Australian housing marked is fucked, if global pandemic can't slow it down, I have no idea what will, but it's just not sustainable! + +Back on the hunt (almost 2 years now), don't think I will ever be able to buy anything nice + +/endrant +Your taughts? + +https://timesofindia.indiatimes.com/blogs/toi-edit-page/indias-much-abused-taxpayers-you-dont-get-much-benefit-back-salaried-classes-get-the-short-end-of-the-stick/ +&#x200B; + +**HIBS Direxion Daily S&P 500 High Beta Bear 3X ETF Shares (symbol HIBS)** + +Hey guys I am New here to Reddit. I wanted to see what you guys thought about some research I have done and if you see flaws or ways to improve it. I am not a financial advisor, please do your own research and due diligence. I am just posting my research to show others what I have been up to and see what the community thinks. + +|||| +|:-|:-|:-| +|||| + +**This is about HIBS a 3x BEAR ETF tied to the S&P500** + +HIBS has an INVERSE relationship to the S&P500. So as the S&P goes DOWN, HIBS should go up. Since it is a 3x instrument, it should increase more percentage wise than the S&P 500 declines . + +First, I will show why I believe the market is OVERVALUED. Then, secondly, present how you could potentially gain from this by purchasing HIBS. + +**HIBS is an ETF with a very limited number of shares.** If things like that interest you? + +The Correlation between Stocks Index and Their P/E10 +From an article [https://www.advisorperspectives.com/dshort/updates/2021/02/02/is-the-stock-market-cheap](https://www.advisorperspectives.com/dshort/updates/2021/02/02/is-the-stock-market-cheap) + +PE10 is considered to be a more consistent benchmark then just PE. The regular PE can vary widely especially if there are earnings declines in a particular QTR or YEAR. THE PE10 is based on real monthly averages divided by the 10 year average of the real earnings. By using an average over several years one or two aberrational earning periods will be less likely to spike or crater the PE number +The P/E10 of the **S&P 500 historic average** for the life of the index (1880-2021) i**s 17.1**. + +After dropping to 13.3 in March 2009, the ratio rebounded to a high of 23.5 in February of 2011 and then hovered in the 20-to-21 range. It began rising again in late 2013, reaching 33.3 in 2018 and the **PE10 for the S&P500 is currently at 34.6.** + +📷 + +https://preview.redd.it/uyxhzlpbo1i61.png?width=910&format=png&auto=webp&s=609853e05efbe379f193aaa43cda172680f3b9d5 + +CHART 1 (1870-2021) + +This chart (**CHART 1**) shows 2 things. +The first on top is the S&P500 compared to its Regression line. + +(A regression line in what the movement of the stock would look like over time if it went perfectly straight and did not deviate go UP and DOWN.) + +Right now the **S&P500 is trading above the regression line by 155%.** That means it is over 150% above it'sa average level. Historically this level is just about on par with the levels the index was above prior to the 1929 Crash and the 2000s Tech Bubble. + +The second part shows the Historic Price Earning Ratios and its amount above the regression line. AS you can see the current Price above earning is at 34.6. the stock are trading almost 35 time more than the companies earn. This is the **second highest number in this history**. It is greater then the P/E10 prior to the **1929 CRASH which was 32.6** it is second only to the Tech Bubble where it reached 44.2 + +The chart also includes a regression trendline through the P/E10 ratio for the edification of anyone who believes the price-earnings ratio has naturally tended higher over time as markets evolve. The latest ratio is 68% above trend, up from 65% above last month. This means the PE10 is 68% Above it's normal (average) level. again just about at the same levels as it was prior to 2 major downturns. Now history is no guarantee of future events, but it is something very much worth observing closely. + +**Deviation from the Mean** + +Here is a pair of charts illustrating the historic P/E 10 ratio from its mean (average) and geometric mean with callouts for peaks and troughs along with the latest values + +📷 + +https://preview.redd.it/jnjhnuqco1i61.jpg?width=910&format=pjpg&auto=webp&s=6bf273ddcfc69bc37cbaa88609756a63b8976a10 + +CHART 2 (1880-2021) + +As you can see from **CHART 2,** the current PE10 is 102% above the Average PE10 +**This again is greater than the PE10 prior to the 1929 CRASH and second again to ONLY to the Tech Bubble of 2000**. + +More information From [http://www.currentmarketvaluation.com/models/price-earnings.php](http://www.currentmarketvaluation.com/models/price-earnings.php) + +Some consider using older data to be not as relevant because of the changing world. Because of this some consider using only more modern information (Data after1950) +Here is the chart from 1950 to 2021 where the S&P500 PE10 mean has increased from 17 to 19.6 + +📷 + +https://preview.redd.it/qic9htndo1i61.png?width=1780&format=png&auto=webp&s=20c283319755c158540511d56eb827a2d25a81e9 + +CHART 3 (1950-2021) + +Again, you can see in **CHART 3** that the PE10 is at its second highest level 81% above the mean. This level has not been seen since the Tech Bubble of 2000 level of 132 above the mean. The current S&P500 PE10 Level (81% above the mean) indicates that the **market is Strongly Overvalued.** + +**MARGIN DEBT** + +📷 + +https://preview.redd.it/rqnuxweeo1i61.jpg?width=1165&format=pjpg&auto=webp&s=3c369adb92b8c195d97041cf9cc7766e1a997e15 + +Chart 4 + +One more factor involved in the Overvaluation of the market is the MARGIN DEBT. + +As **Chart 4** shows the current **Margin Debt is close to** **$800 Billion Dollars. Right now Margin Debt is that highest it has ever been.** It is **HIGHER** then before the Tech Bubble (2000), **Higher** then before the 2008 crash, and **Higher** then before the 2020 COVID Crash. + +Now debt in itself is not necessarily a bad thing. That is until you can't pay it or are forced to pay it before you are ready. As the market declines investors are looking to make gains when there are less and less opportunity to do that due to the high valuations of the stocks. So what some investors do is take more chances with margin to try to improve their nominal gains to greater ones. Again, this is fine and a legitimate way to increase returns. However, there is a greater risk involved. + +The concern arises when the market starts to go down. Margin investors who bought at the top and see their values diminish will have to start selling to cover their losses. When this occurs some investors usually sell more solid investments which causes those to potentially decline. If this continues more Margin Investors could get called and it can snowball. + +**With Margin DEBT at Record Levels this is a potential for disaster.** + +**Well that is unless you happen to OWN a Bear Fund** + +**like HIBS (with it's LIMITED Number of shares )** + +**HIBS Direxion Daily S&P 500 High Beta Bear 3X ETF Shares (HIBS)** + +Okay, so what do we do with this Information and How can we potentially profit from it? +There are several ways to play a down market go to cash but you wont make any gains that way. To make money some investors Short Stock or buy PUT options. However, as we all know those 2 alternatives are wrought with High Risk and could lead to Big losses. + +A better alternative is **HIBS** Direxion Daily S&P 500 High Beta Bear 3X ETF Shares +This is an ETF that in theory will track the S&P500 and will increase in value as the S&P500 Declines. HIBS has an inverse relationship with the S&P500 Index. HIBS is also designed to increase 3 times as much as the S&P500 decreases +Here is a chart showing how it performed this past January when the S&P500 dipped 4.57% + +📷 + +https://preview.redd.it/utlg1b5fo1i61.jpg?width=1115&format=pjpg&auto=webp&s=9ae28a5ae3dbe37320e47c5b32952718f4a13ab7 + +TABLE 1 (4.57% Decline) + +**Table 1** shows that when THE S&P500 went from 3870.9 on 1/26/2021 down to 3694.12 on 1/29/2021 a decrease in value of only 4.57% + +**HIBS** increased in value from $23.81 per share to $32.68 a $8.87 increase for a **37.26% Gain** + +From this information, we can then extrapolate the potential returns in **HIBS** based on a larger and larger drop in the S&P. A 5% drop in the S&P is 9.4% larger then the 4.57% Drop in January. So we will assume a 9.4% greater rise in HIBS to $9.71 (instead of 8.87) added the 9.71 to the $23.81 purchase price brings HIBS to $33.52 (as can be seen in TABLE 2 Below) + +So your initial $1000 investment (42 shares when it was 23.81 per share) could now be worth $1407.89 for a **40.8% GAIN.** + +I know what you are saying if it is supposed to react 3 Times why are you having it only increase proportionally. I am showing what is possible even using conservative projections. + +📷 + +https://preview.redd.it/xm9bg9vfo1i61.jpg?width=1107&format=pjpg&auto=webp&s=842de98259f4d8414da32a38c22ff4ed75506e39 + +TABLE 2 (5% 10% 15% 20% 25% Scenarios) + +As **TABLE 2** shows a 10% Drop in the S&P could bring about a $19.42 point gain in **HIBS** to $43.23 + +The $1000.0 investment (42 Shares) could be worth $1815.78 or a **81.6% Potential Return** + +15% Drop in the S&P500 could result in **HIBS** price of 52.94 a $29.14 Gain for **122.4% Potential Return** + +20% Drop in the S&P500 could result in **HIBS** price of 62.66 a $38.85 Gain for **163.2% Potential Return** + +25% Drop in the S&P500 could result in **HIBS** price of 72.37 a $48.56 Gain for **203.9% Potential Return** + +📷 + +https://preview.redd.it/zsspcomgo1i61.jpg?width=921&format=pjpg&auto=webp&s=8c6f4ffc03cd745dc3bab5b0fba708322e281265 + +TABLE 3 (Results for 5% to 45% S&P500 Decline) + +**TABLE 3** Shows the various potential RETURNS to **HIBS** for various DROPS in the S&P 500 + +from 5% up to a 45% Drop + +A 45% drop in the S&P500 which could result in **HIBS** price of $111.22 a $87.41 projected Gain for **367.9% Potential Return.** + +Now results will most likely vary from these projections, but it just shows you the potential of this possible investment as a way to gain from a potential dip in the Market. + +**HIBS (SMALL AMOUNT of SHARES OUTSTANDING - SMALL FLOAT!)** + +There is one more major factor involved with **HIBS** and a major reason as to why I prefer it to other Bear ETFs, It’s the number of shares and FLOAT or LACK THEREOF! + +Because the fund recently Reversed Split 1 for 20. **There are only about 1.5 million shares of this ETF.** That is a very low number. So if things start to hit the fan (so to speak.) volatility could be large. Since there is not a large supply of this fund when demand increases this fund could jump more than others. Especially if people aren’t really looking to sell while the markets are dipping. + +**So HIBS could potentially increase more or decrease more because of its lack of Shares.** + +Please remember these are just my thoughts and opinions. I am not a financial advisor. You should not make financial decisions based off my research and my potential returns. Always make your own financial decisions based off your own research and consult your financial advisor before doing any investing. + +Presently I have 2,000 shares of **HIBS** at an average price of $23.86 + +Thank you for your time. Your opinions are welcomed. +So earlier I made a post after discovering a private jet registered in the Cayman Islands with the reg VPCBA is at Côte d'Azur airport, and arrived at roughly the same time as Ken’s jet N302AK. + +This jet is registered as 2 different types of planes, one, a Boeing 737, and the other a bombardier 6000. UPDATE: the Boeing has been de registered. It is definitely a bombardier 6000 + +according to flight radar 24 it is a bombardier 6000. VP is the reg code for Cayman Islands. + +Flight radar24 is a popular website to track planes, I manually came across this by navigating to the airport in the French Riviera and clicking on every different plane there, this one is parked in a hangar and was the only one with very little details available, other than the fact it has a private owner, it’s model and it’s registration. + +This plane is now ‘BLOCKED’ on flight radar 24. The mods removed my old post as there wasn’t enough evidence as to it being related to Ken, but this didn’t stop me. + +Even though the plane is now blocked, I remembered exactly where it was parked and the flight path of where it just came from is still public. + +This fucking plane came from Paris. AND SO DID KEN. They both arrived within the same hour at the French Riviera. + +https://www.flightradar24.com/BLOCKED/28dfb8df + +This is the link. Notice how it does a weird fucking 360 mid air wtf. Update: this is apparently called a holding pattern. Learn something new everyday lol. I don’t know shit about planes 🤣 + +now look at this. This is Ken’s plane and it’s flight path + +https://globe.adsbexchange.com/?icao=a326ca + +VPCBA is registered to a company in the caymans called Casbah Group LTD. FOUNDED IN 2008 + +https://www.airport-data.com/aircraft/VP-CBA.htmlQQ + +https://www.bloomberg.com/profile/company/1221909D:LN + +UPDATE: CASBAH IS ARABIC FOR CITADEL!!!!!!!!!!!!!! OMG!!!!!! +[https://en.wikipedia.org/wiki/Casbah](https://en.wikipedia.org/wiki/Kasbah) + +UPDATE 2: the blocked link does now not work for me, this is extremely fucking sus, as you could see the flight path from Paris to the French Riviera. It is now gone. + +UPDATE 3: upon reading counter DD, Casbah had the boeing registered in their name and not the more recent plane, the bombardier 6000. The boeing is now de registered which means it’s out of service. + +Please help me look into this so we can get to the bottom of it🤜🤛💎 +🚀💣 🔥**Make your Money go $YEET** 💰 💵 🚀 + + +**We have found a way to fast-track our CMC/CG applications. We expect to be listed on them in 2 days-time (5/15/21). ** + + + +YeetToken is a community-coin first and foremost. We call it a decentralized community, meaning that the original creators of Yeet only control the Telegram; a different person controls each of YeetToken’s profiles, and yet they are all official channels. +This is the ideal system for a community-coin. It’s still being established because we’re only four days old but the idea is already permanent and expected. Launch-time was decided by community-vote, and the future direction of Yeet will continue to depend on its community. + +**The team for YeetToken has established community teams in the following areas:** + + + +Cohort divisions will include: 70+ contributors + +Marketing Specialists ( 10+) + +Community Outreach (15+) + +Web Design/Graphic Design/Video Editors (5+) + +Community Managers (20+) + +Programmers (5+) + +Writers (5+) + +Artists (10+) + + +**This is a long term HODL, not a pump and dump. Use-case is currently under development and will be announced in 2 days, alongside the official roadmap!** + + +Gate.io | WhiteBit | CEX Applications Submitted | First Audit Complete ✔✔✔ + + +**🌱 📈👉 🌒🌊🌓📈🌕🌊🐳 + +- No Dev Wallet + +- Ownership Renounced + +- 14,450 Holders/Contributors + +- 50% Pre-burn, 4% Back to LP, 2% Reflection + +- You are still extremely early + +** + + +Socials:👨 💬👩💬👧💬 + +Telegram (5400+): https://t.me/YeetTokenOfficial + +https://discord.gg/jfBBRCgr + +https://www.reddit.com/r/YeetTokenOfficial/ + +https://twitter.com/yeettoken_hq + +https://www.instagram.com/yeettoken/ + +https://www.youtube.com/channel/UCKuCbJ9tE1ZQCcPIx_XjwKg + +https://www.twitch.tv/yeettoken + +https://www.facebook.com/groups/1948079135357546/?ref=share + + +**Website: https://YeetToken.com** +**EDIT: Rebuttal from** /u/CatoMulligan [(link to comment)](https://www.reddit.com/r/Superstonk/comments/p36lko/citadel_and_susquehanna_have_today_turned_to_the/h8p2z0l?utm_source=share&utm_medium=web2x&context=3) **- I still want to double check this but worth noting.** + +>Nope, I'm pretty sure you've got it all wrong. IIRC, the SMCCF was created during the pandemic as an effort to provide liquidity to corporations who were hard hit by the pandemic. If you'll recall, the Fed has been buying corporate bonds to the tune of billions of dollars a month ever since...well, almost ever since. Apparently the SMCCF stopped buying those bonds back in December of 2020. As of June the Fed has started winding down the portfolio of the SMCCF, selling off all of those corporate bonds (maybe junk bonds, maybe not) that they had been previously buying to support the economy. This was expected to happen. +> +>What OP has found is that Citadel, et all, have been added to the list of firms that are allowed to sell off those bonds on behalf of the Fed (presumably packaging them into securities taking a cut of sales in service fees). They aren't selling to the Fed, they are selling resources for the Fed. The net result of this should be the continued wind down of the SMCCF until it hits zero, Citadel and other authorized sellers making many millions of dollars for selling those bonds, and the funds available to the Fed increasing. +> +>*Citadel and Susquehanna are turning to the Fed’s SMCCF to sell bonds in return for liquidity and the Federal Reserve are the purchasers.* +> +>No, they definitely are not. + +The title is *my interpretation* \- so read below, do some fact checking, see what wrinkles you develop and feel free to post a critique. + +&#x200B; + +https://preview.redd.it/daztk4ha5zg71.jpg?width=1530&format=pjpg&auto=webp&s=7fa132dd3c4f56fb90f7434059359a5a01791090 + +Source: [https://www.newyorkfed.org/markets/secondary-market-corporate-credit-facility/secondary-market-corporate-credit-facility-eligible-sellers#additions-and-removals](https://www.newyorkfed.org/markets/secondary-market-corporate-credit-facility/secondary-market-corporate-credit-facility-eligible-sellers#additions-and-removals) + +**What is the Secondary Market Corporate Credit Facility (SMCCF)?** + +From the website: + +The Secondary Market Corporate Credit Facility (SMCCF) was established to support credit to large employers by providing liquidity for outstanding corporate bonds. + +The SMCCF, which was announced on March 23, 2020, supported market liquidity for corporate debt by purchasing corporate bonds and exchange-traded funds (ETFs) in the secondary market through the date of its closure on December 31, 2020. As specified in the term sheet, the SMCCF purchased corporate bonds to create a corporate bond portfolio that was based on a broad, diversified market index of U.S. corporate bonds and purchased U.S.-listed ETFs whose investment objective was to provide broad exposure to the market for U.S. corporate bonds. + +The SMCCF will begin gradual and orderly sales of its holdings of corporate bond ETFs on June 7, 2021 and of its holdings of corporate bonds on July 12, 2021. Subject to market conditions, the SMCCF expects to complete the sale of its holdings by the end of 2021. To establish the facility, the Federal Reserve Bank of New York financed a special purpose vehicle (SPV) to purchase eligible corporate bonds and eligible ETFs in the secondary market. The Department of the Treasury made an equity investment in the SPV. The SMCCF was established by the Federal Reserve under the authority of Section 13(3) of the Federal Reserve Act, with approval of the Treasury Secretary. + +Links + +* [https://www.newyorkfed.org/markets/secondary-market-corporate-credit-facility](https://www.newyorkfed.org/markets/secondary-market-corporate-credit-facility) +* [https://www.federalreserve.gov/monetarypolicy/smccf.htm](https://www.federalreserve.gov/monetarypolicy/smccf.htm) + +**Fuckery, Fuckery, Fuckery?** + +Note the inconsistency. + +*“As of December 31, 2020, the SMCCF has ceased purchasing eligible assets and on June 7, 2021, it will begin winding down the portfolio.”* + +Yet today they have [added Citadel and Susquehanna.](https://www.newyorkfed.org/markets/secondary-market-corporate-credit-facility/secondary-market-corporate-credit-facility-eligible-sellers#additions-and-removals) + +Additionally, take note of this: + +>Citadel Finance LLC today completed a $600 million offering of 3.375% 5-year senior notes due March 9, 2026, at T+275, or 25 bps through early whispers. +> +>The issuer, a newly created financing vehicle incorporated in 2020, netted a first-time rating assignment of BBB- at S&P Global Ratings on March 1, 2021. The outlook is stable. + +[https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/hg-bonds-citadel-finance-places-600m-of-notes-in-bond-market-debut-terms-62989441) + +So they tried to sell **$600m of bonds rated BBB-.** Underwriters for this were UBS, Bank of America and Goldman Sachs. + +This may or may not be related, but either way, **Citadel and Susquehanna are turning to the Fed’s SMCCF to sell bonds in return for liquidity and the Federal Reserve are the purchasers.** If it’s the BBB- bonds from above, it means no one in the market wanted them and they have taken their plate, like Oliver fucking Twist, to the Fed. +Hello Apes, + +I'm Zak, a colleague of /u/dlauer who I've been working with for the past 5 years on all sorts of projects. He told me how fascinating and engaging of a community you all have built, and after spending a couple of days looking around, I completely agree. It's really great how much the general attitude is concerned with really trying to figure out what's true, and that there's a lot of openness and eagerness to learn (especially when a whole lot of people would probably find most of these topics incredibly boring). While I mostly stay buried in development and analytics tasks, I hope to spend a little more time here following along with what you're all up to. + +I appreciate the moderating crew for letting me post some stuff while I work on obtaining that sweet karma. + +# Problems & Background + +Some ongoing themes around here involve questions about if/when/where trades are reported, theories about what small average trade sizes mean, and what dark pools, internalizers, and the FINRA ADF are. These things are all closely intertwined. And since there's a lot of effort going into trying to draw conclusions from the data, I think a lot of those efforts would be improved with a few contexts and ideas. + +Before any of that, I have to admit that I share Dave's skepticism of the usefulness of the modern US market structure. While some vested interests point to certain price-improvement metrics regarding PFOF and internalization as 'proof' that it is beneficial to market welfare, I'm not sure this tells the whole story. Just because the second-order effects on market stability and quality are hard to measure doesn't mean they don't matter. It's possible a narrow class of people benefits at the expense of many more. I'm not ready to draw a conclusion one way or the other, but I am more than a bit annoyed at how easily this gets brushed aside. + +Last disclaimer: everything here is to the best of my knowledge from a few years spent developing analytics for institutional clients to measure their execution quality and assess trading performance resulting from routing orders to different brokers who would then execute the orders in a mix of on- and off-exchange transactions. Before that, most of my career was spent in futures, which tend to be much nicer for simple people like myself. + +# Are all trades reported to the tape? + +Generally, yes (unless someone is breaking the rules). By any reasonable interpretation of the rules, all FINRA members have an obligation to report transactions. Depending on the parties involved in the transaction and where it's taking place, there are also rules outlining who has the responsibility. + +For a very thorough treatment of how different types of transactions generate reporting requirements see [FINRA 6308B](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6380b). There's a lot of concrete examples. + +There were some questions about whether Citadel could have a brokerage account at Robinhood and then trade with Robinhood customers without generating a report. I discuss the different scenarios that this could fall into and show that they all generate reporting obligations in this post: [https://www.reddit.com/r/Superstonk/comments/n9331h/dave\_lauer\_clears\_things\_up\_about\_the\_dark\_pool/gxp36ur/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n9331h/dave_lauer_clears_things_up_about_the_dark_pool/gxp36ur/?utm_source=share&utm_medium=web2x&context=3) + +At the end of the post above, I qualified it with: + +>None of this is to say that rule violations can't happen or don't happen. They do happen. Bank of America was caught [falsifying its trade reports](https://www.reuters.com/article/us-bankofamerica-new-york-settlement/bank-of-america-pays-42-million-fine-in-new-york-masking-probe-idUSKBN1GZ27H) by altering who it said the customers were executing against. Last month, it was reported that Robinhood was [failing to report](https://www.reuters.com/article/us-robinhood-regulation-tradereporting-e/exclusive-robinhood-failed-to-disclose-certain-trade-executions-to-public-feed-idUSKBN2BV0FZ) transactions for its fractional shares. + +Unfortunately, sometimes when we choose our words carefully or point out past abuses in specific cases, people's imaginations can run away with it and start seeing abuse everywhere. + +I think we clearly need much stronger oversight systems to catch abuses much sooner. But it's important to know that when most of these abuses have been caught, it wasn't from analyzing public data. It's incredibly hard to draw any reasonable conclusions from public data. (However, Dave and I have been working on some projects to do this effectively. Hopefully, we'll be able to share soon.) + +# The FINRA ADF is not the boogeyman + +Some people this morning were concerned about the GME volume labeled as FINRA ADF. But this is actually a "catch-all" designation for off-exchange transactions: + +>FINRA ADF is not a dark pool. In fact, no trading occurs on it at all. The volume you're seeing is mostly retail volume from traders like yourselves. +> +>In general, when any FINRA member conducts a transaction, either for themselves or on behalf of a customer, they are required to report the transaction to the tape. Transactions that don't occur on any of the lit exchanges still need a way to enter into the SIP feed so that all market participants can be aware that a transaction has taken place. The FINRA ADF is the exchange code for those transactions. +> +>When a discount broker like Robinhood routes an order to Citadel and Citadel fills the order, that is considered an OTC transaction and is reportable. Citadel reports this transaction to a Trade Reporting Facility and it becomes a part of the time and sales record for that day. + +During the trading day, all non-exchange transactions for reg nms stocks are reported in this way. This includes dark pools and internalizers of retail order flow. + +Below is a sample of some GME trades from NYSE TAQ data, which is historical data from the SIP feeds. From [the spec,](https://www.nyse.com/publicdocs/nyse/data/Daily_TAQ_Client_Spec_v3.0a.pdf) you can see Exchange Code "D" corresponds to the FINRA ADF. When the Exchange Code is "D" the TRF column is populated with one of the three specific [TRF facilities](https://www.finra.org/filing-reporting/trade-reporting-facility-trf). + +[Snapshot of SIP data with FINRA ADF exchange and a TRF code](https://preview.redd.it/s5o4zdhdbjy61.png?width=799&format=png&auto=webp&s=138cca33b04e50133c239f9ba6634a2a7a627bc2) + +In general, the workflow goes like this: one or more FINRA members conduct a transaction; based on the details of the transaction, the member responsible for reporting sends it to the TRF facility with whom they have a relationship; the TRF facility reports it to the SIPs. + +A month later you are able to see more specific venue breakdowns for where the volume actually occurred. The [FINRA OTC Transparency](https://otctransparency.finra.org/otctransparency) website lets you get all that data by week. "ATS Issue Data" is for registered dark pools; "OTC (Non-ATS) Issue Data" is for internalizers. + +# Small average trade sizes don't necessarily imply manipulative behavior + +One of the recurring themes I come across in my work with these sorts of complex systems with a lot of feedback and adaptation is how a tremendous amount of entirely different scenarios can generate the same macro-observable outcomes. This is persistently true with market data. When coming up with an explanation for observed data, it's first important to be aware of many possible ways that data could have been generated. Having good background information will help you estimate what explanations are likely. But to be truly rigorous to where you can be confident with a conclusion, you need to know how to rule out alternative explanations. + +From the previous two sections, we've already seen that retail order flow that is routed to an internalizer will show up as FINRA ADF. Since retail order flow tends to have very small sizes, it is no surprise that the average trade size for FINRA ADF will be small. + +But I've seen some other threads that also try to dig into the dark pool-specific, "ATS Issue Data", from the OTC Transparency website. These threads also reveal the average dark pool trade size can often be 100-200 shares, and many people seem very angry about this. + +Having had the opportunity to analyze the way that the trade desks of large $10B+ funds execute their orders, I will propose a pretty simple explanation for why this happens: + +* It's common to hear institutional trade desks talk about how large their position is in terms of a stock's average daily volume (ADV), because this metric gives a decent heuristic of how much they can execute at a time without having an impact on the market price — or alternatively, how much they will have to move the market in order to close their position in a short period of time. +* As a result, when an institutional trade desk needs to get into or out of a desired position, it will typically break up the total desired quantity into many smaller trades and execute over several days (or longer) so as to not move the market all at once. +* The trade desk will then route the smaller pieces to different brokers with whom they have relationships. This is called sending a "parent order" to a broker. The brokers offer a variety of "execution algorithms" that have different behaviors which the trade desk can select from in order to achieve their target size with the desired market impact and time constraints. +* When a broker algorithm receives a parent order, it breaks that up into "child orders" to route to different trading venues using a combination of active and passive orders. These venues are often a mix of lit exchanges and dark pools. +* The overall goal for institutions trading large size is to not "show your hand" and not let any one venue or broker have all the information about the position you're trying to get into or out of. Because if someone knows you're trying to execute 2 days of ADV, they can rush into the position now and then wait while you have an impact on the market. + +There are many other mechanisms for moving large size, but given the enormous variety of trading venues and the desire to minimize market impact, it is not surprising that the average trade size would be small. + +In general, I think we need to know these sorts of tedious things so that we can make sure we're asking the right questions. If we accept that small average trade sizes aren't evidence of malicious behavior, then we can get to the important question: should we even have all of these dark venues leading to all of this complexity in the first place? +Everyone calm down, the crashes we are seeing right now are a good thing since ETH is holding its price now while BTC is still struggling. This is an excellent buying opportunity and I expect a new all time high by the end of the week. Reasoning is that the resilience to the price drop is getting a lot of attention right now, payday is tomorrow, plus we should have coinbase up and running soon. +I don’t have anything else to add here, the title really speaks for itself. I’m wondering what are some wonderful papers that algorithmic traders should consider reading? +Please no negativity here. It could tip me over the edge. I have made some poor and bad life choices. I have lost everything. I have $300 in the bank. No vehicle. Luckily I live with my sister so I have a roof over my head, but I need to start paying rent. I took a job cutting lawns last week and it almost killed me. I can walk to that location and ride to the work sites but I have to walk home as well. Little less than a mile. It pays $10.00 an hr. We work about 24 hrs a week and thats it. I have applied for assistance and was told I only qualify for 140 food stamps. I'm grateful for that. The list for housing has a 2 year wait period. I have only ever done telemarketing and phone sales. No real education. Please I need real ideas and constructive thoughts. + +UPDATE: Thank you all. I've cried about 10x's today reading these comments. I'm approaching things in a systematic way. +1st I'm within walking distance to some big box stores so I'm going to apply to those tomorrow. +2nd I now have 2 appointments with temp agencies on Thursday. +3rd Even though I don't have a car my driving record is clean so I have applied online with some trucking companies. +4th I will spend most of my time Friday (after grass cutting) looking in to free online courses. +Your encouragement and support has made a great difference. + + +Update #2 People I am overwhelmed by your responses. I have received dozens of emails offering encouragement. The biggest thing that I am taking away from this is that I have a community of well wishers, innovative, professional, supportive people rooting for me. I am rich! I am blessed and pls be assured that your encouragement will help me keep my nose to the proverbial grindstone. You are the best! + +UPDATE#3 Might be the last for a bit. 1st: (serious) What's the best way to use the 3 golds I got,? Not really sure what to do with them? Can I give them away? + +2nd: So I am leaving Saturday night to start a career as a truck driver. My reasons for picking this are varied : paid training, paid housing (sort of) and the ability to make a little better than average wage once training is complete, which will take several months. I'm also doing this because I can immerse myself in the work ethic and commitment which I believe will really pay off psychologically. + +You've all been so kind and helpful. I really can't tell you how much this has meant to me. I think I would have remained kind of paralyzed if not for your help and guidance. Pls keep the good vibes, thoughts and prayers coming my way, I'll definitely need them. I will update when I can. Bless you all. +Not sure if it's just me but this subreddit seems to have an underlying war going on between 2 users that are for/against the messaging around a housing crash. + +Except that neither replies to each other (yes, I'm aware it's likely a 1 sided ban) and so it's essentially just 2 people yelling at their "supporters" and creating seperate echo chambers. + +Surely people that want to create their own echo chamber has the ability to create their own Subreddits and stop essentially recruiting/brigading their views here to steer a certain message? + +Keen to hear thoughts, personally I'm feeling like I'm starting to feel a strong polarisation that's splitting the community apart and seeping into other topics too. +We've had tons of clients ask us about the implications of Returning to India and how to streamline their compliances. + +We've created a checklist of items for Returning Indians to make life easier: + +**Assets outside India:** + +Continue to hold. You can hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such assets were acquired, held or owned by you when you were a non-resident or was inherited from a non-resident person. + +*Pro-tip: Be mindful of income tax regulations that determine scope of total income. You want to minimize tax paid in India on overseas assets and avoid double taxation. Plan your investments and date of return in the most tax efficient manner.* + +**Indian Assets** + +* **Non-Resident Ordinary (NRO) a/c:** To be re-designated to Resident a/c +* **Foreign Currency Non-Resident (FCNR) a/c:** Permissible to hold up to maturity and then to be converted into Rupee Account or Resident Foreign Currency (RFC) a/c +* **Non-Resident External (NRE) a/c:** To be re-designated to Resident a/c or balance can be transferred to RFC a/c\* +* **Shares & Securities:** Returning India is required to inform the Depository about change of his/her residential status from non-resident to resident + +*Pro-tip: Note that while NRE account and FCNR account were tax exempt while you were NRIs, they become taxable when you become Resident in India (even if you forget to re-designate them for whatever reason).* + +**Authorities/ Services to inform about return to India?** + +No requirement to inform Government or RBI. Returning Indian must inform the following: + +* All bankers with whom they hold banking accounts and get it redesignated, +* Depository participant with whom they hold DEMAT accounts, +* Companies where NRIs are Shareholders / Debenture holders and firms where they are partners. + +**Tax Implications** + +* The tax liability of a person returning to India would depend on the residential status of a person as per the Act. +* Under the Act, income earned outside India is liable to tax in India only if the person is ROR. +* A returning Indian who has been a NR as per the Act for 9 years or more or whose stay in India was less than 729 days in preceding 7 years, then generally for 2 successive years he may be considered as a RNOR. + +**To maximize your NRI status, what date should you return to India?** + +It may not always be possible to plan your return to India. But for those with such flexibility, try to come back on or after February 1 (or February 2 in case of a leap year) of a FY in order to ensure NR status in the year of return. + +&#x200B; + +Full article with links is available [here](https://www.thegalacticadvisors.com/post/planning-to-return-to-india-for-good) and a detailed list of FAQs is available [here](https://www.thegalacticadvisors.com/returning-to-india). + +Hope this is useful for those NRIs who intend to return to India eventually. +For those that have sold options continuously for 3 or more years, what are the lessons you have learned in all that time? How much bigger is your portfolio now than when you started? What kind of return on average are you getting per year? What are some things you wish you knew when you first started? + + +**BANKROLL💰 TOKEN $BANKR** + +Bankroll's whitelist presale yesterday went smooth as butter. No hiccups or technical problems whatsoever, and the 500 BNB got filled in 20 MINUTES! Safe to say this Token is hyped! + +Marketing has started big time- we did Twitter, TikTok, TG Posts, and poocoin ads all in the last couple of days. And this is just the beginning for Bankroll! + +There are a lot of talks in the chat regarding the first vault draw taking place shortly after launch! + +**Dr. Crypto Vendor is hosting our voice chat as we speak, join our telegram channel and have a chat with us!** + +**CHANCES TO WIN THE JACKPOT!** + +We have a Vault that fills with BNB that will be distributed to lucky holders!! + +The Middle Man Platform - Are you sick of purchasing or trading your Crypto only to find out you’ve been ripped off? Are you fed up with “vendors” just blocking and deleting you after you transfer them Coins? Over sending payment and receiving SFA? + +WE ARE TOO! + +That's why BankRoll has created trading lockers so you can complete those deals with each other safely! + +Automatic BNB farmer. Hodl $BANKR and automatically receive BNB in your wallet 24 times in a single day! + +Holders rewarded with $BANKR 🏦 + +Earn your $BNB 💰 + +♦️Total supply: 1,000,000,000 + +♦️Auto BNB AirDrop: 8% /60 min + +♦️Back to the liquidity: 4% + +♦️Marketing fees: 2% + +♦️THE VAULT 1% + +🟢Buy slippage: 16% + +🔴Sell slippage: 19% + +💢Special features + +🔻Anti-Whale system: Max sell 1,000,000 tokens + +🔻Anti-Dump: Extra 3% fees applied to all sell + +🔻Auto BNB distribution into your wallet every 60 minutes ​ + +🌍Website: bankroll.holdings + +🐦 Twitter: [https://twitter.com/BankRollBSC](https://twitter.com/BankRollBSC) + +📱 Telegram: [https://t.me/bankrollbsc](https://t.me/bankrollbsc) + +🔊 Discord: [https://discord.gg/bankrollofficial](https://discord.gg/bankrollofficial) + +📹 Youtube: [https://www.youtube.com/channel/UCeb2Y65ElSUBveoLZ6J06GA](https://www.youtube.com/channel/UCeb2Y65ElSUBveoLZ6J06GA) +Not me, obviously. But I feel like y'all have been left out today of all the gratuitous "thank yous" posted today. Without you, we'd just be a bunch of overly opinionated nut jobs. + +Also since this apparently needs 250 words, I need to include some filler here. I feel like it doesn't reduce the spam and clearly undermines some of the greatest brief humor--one liners, if you will--to ever grace reddit...nay, the entire internet. +This is a post about how even a little bit of attention can go a long way for you, and others. + +I work for a company with ~600 employees across North America. Since finding the personal finance communities two years ago, my family has been keeping an eye on our budgeting and saving, and I was having fun with it, so I started also keeping track of contributions into my 401k - nothing major, just a yearly look to see contributions, matches (my company matches 4%), and dividends. + +One year I logged into my 401k provider (Fidelity) and ran my transaction history total for a year, and what caught my eye was a Fee for $12.50. To that date I had never seen a fee before. I called my HR/Benefits and they confirmed they had jumped the gun but that - starting next year - every employee would have a $12.50 recordkeeping fee charged yearly. They reimbursed me the $12.50 for that year, but I learned a lesson: 401ks (and the HR departments behind a company) were not infallible. I added 'Fees' to my mental thing to check on during my year-end check. + +2 years went by, until this last year. This year in February I pulled the 2018 totals for my 401k, and noticed that my contribution and my year-end total seemed off, by about $150 or so. I couldn't figure it out. Finally, I went to the transaction history of my 401k and looked through it. And there I saw it: a company **match** of *negative* $153.95, back in March. It was the strangest thing! It wasn't tied to any actual contribution; it was just sitting out there, all by itself. It wasn't even listed under 'Fees'. It was just a *negative* company match. (Shout out to everyone who has ever complained about their company match or lack thereof - at least you've never had a *negative* one!) And I knew it wasn't just those dollars I was missing - it was all those dollars that those dollars were going to make, and the dollars *those* dollars would make, for decades to come. + +I started asking around. My HR department said there were no reported problems and that if I wanted a detailed walkthrough of my 401k contributions, I could wait two weeks until I had a meeting with the benefits coordinator. I said, 'Schedule it'. But I didn't stop there. I started asking my coworkers, and guess what - *everyone* had a negative company match on that date. I had 5 confirmed cases, then 10, then 20. The amounts all varied, but it was always on the same March date. + +By this point I got enough people riled up that I ended up talking to the head of Benefits, who confirmed that, okay, maybe there was a problem. It took 2 months for them to confirm, at which point we found out that a payroll 'true-up' calculation had incorrectly counted a week that crossed from year-to-year as two weeks, and then had automatically 'corrected' for the doubled amount. It took 2 more months for them to finally correct it. I'm sure some of my coworkers contribute less and some contribute way more, but 600 employees * $153.95 = $92,370. Meaning that every person in the company had a hand in some $92000 missing from their 401k... but I was the only one who had bothered to check. + +I know most people don't ever calculate out their paycheck or look at their 401k. And I'm not saying you should on a daily, weekly, or even monthly basis. But every once in a while, take 5 or 10 minutes and grab that paper copy of your paycheck, or hit that 'Forgot password' button, log on to your system, and take a little look over how much money you're getting - be it paycheck, 401k, or whatever - and see whether it makes sense to you. You might be surprised what you find. + + +EDIT 1: Wow, I return from work to see this has blown up!! Thank you for all the great insights and feedback - if just one person improves their path to better finances, I'll be happy! +[Pharmacy Site](https://costplusdrugs.com/) + +[Full list of medications](https://costplusdrugs.com/medications/) + +[Article](https://fortune.com/2022/01/20/mark-cuban-cost-plus-drugs-online-pharmacy/) + +The entrepreneur–Dallas Mavericks owner–Shark Tank host–crypto enthusiast has launched the Mark Cuban Cost Plus Drug Company, an online pharmacy that promises lower prices on over 100 medications, including ones commonly prescribed for high cholesterol and hypertension. + +To lower costs, Cuban cut out the middleman, setting up his own pharmaceutical wholesaler and negotiating directly with drug manufacturers and pharmacies for rebates and discounts. **It sells the drugs at manufacturers price + a 15% markup to fund the business and an added $3 pharmacist fee. Shipping is $5.** + +Among the discounted drugs is mesalamine, which treats ulcerative colitis. Normally, that retails for $940 per month, which falls as low as $102 per month with vouchers. Cuban Cost Plus will sell it for $32.40 per month. Atorvastatin (a generic version of cholesterol medicine Lipitor) generally sells for $55.08, but will cost $3.60 on Cuban Cost Plus, the company website said. + +The venture will not accept insurance payments at this time, requiring cash, but it claims its prices are still below what patients would pay with insurance at a typical pharmacy. + +**Some of the notable medications the pharmacy offers are:** + +Imatinib (Gleevec) - Cancer drug + +>>Retail price: $2,502.50 per month + +>>Cost Plus price: $17.10 per month + +>>Savings: $2,485.40 per month + + +Abacavir (Epzicom) - HIV + +>>Retail price: $1,096.10 + +>>Cost Plus price: $57.60 + +>>Savings: $1,038.50 +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. +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! + +Hello all, + +Just a bit of an inspiration post really. I thought it would be cool to hear some dividend investing success stories from whoever is kind enough to share their journey. + +Starting off on a dividend journey can seem quite daunting to some knowing how committed you have to be and resilient, are any of you near your financial goal of living off your dividend income completely? Could you share maybe what attracted you to dividend investing and what you have done to get where you are today? + +Hope to hear from some of you! +Thanks for your time +I have added commentary to the interview and bolded what I think are the important takeaways. If you want to read the un-adultured full interview you can find it [here.](https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=4c7b405d5840) I cut out the end part where he answers some questions about his dad. While very insightful information into the life of RC, I didn't feel like analyzing that particular part as it relates to investing. + +Over 7 years RC and Chewy raised around $350m in investments. He sold to PetSmart for 3.5bn. He has already raised [$550m](https://www.shacknews.com/article/124044/gamestop-gme-completes-550-million-secondary-stock-offering-shares-skyrocket) \+ [1.126bn](https://finance.yahoo.com/news/gamestop-completes-market-equity-offering-104500035.html) = **$1.676bn** for GameStop\*\*.\*\* The difference is this isn't private money. These monies were acquired by selling to long term devoted investors. He is starting off at GameStop in a significantly better capital position than he did at Chewy. GME **is and is not** a meme. + +>**Cohen** also served as **CEO** of **Chewy**, which **PetSmart acquired** in **2017** for **$3.35 billion**, which at the time was the **largest e-commerce acquisition ever**. +> +>**Zack Friedman:** Why did you see a need for Chewy that didn’t exist with Petco, PetSmart, Amazon and other online retailers? +> +>**Ryan Cohen:** I was going to the neighborhood pet store for my dog food but because I was busy building a business, I didn’t always have the time to make the trip. **I tried Amazon** and the big box retailers, but they were all **missing** the **specialized experience** and their **customer service sucked**. Try calling them. +> +>**With Chewy**, I combined the best from all of them. I saw an opportunity to differentiate from the pack and **convert fanatical pet parents, like myself, into die-hard customers.** Our customers got the **local pet store experience with the convenience of shopping online.** + +You can see that RC really believes in what he does. It's a mentality like this why some people would say "Invest in the man, not the company". You see a similar aspect with someone like Elon Musk. Not to put anyone on a pedestal but many investors put a lot of blind faith into him because they believe in his vision. It's great when you get the combination of a great company and a visionary behind the wheel. It's the cherry on top of a sound investment. You can see he built the business because he identified a major flaw in the existing market and sought to remedy it with controversial and groundbreaking business ideas. Some of it was against the grain as he elaborates to further on. You can see a mirror premiss in his investment in GME. + +>I **focused on bringing a human element to e-commerce**. We provided **24/7 US-based** **customer service** and included **small touches** like **handwritten** holiday **cards** and personalized pet portraits. These were ways we could **connect with customers** and **build loyalty over time,** optimizing for a **lifetime relationship,** **not a single transaction**. Chewy’s **relationship with customers** was the **secret sauce**. + +This is the main reason why Microsoft, and likely Sony, have commission based sales relationships with GameStop. Both companies have the ability to create decreased Customer Acquisition costs though GameStop vs Amazon or WalMart and create longer LifeTime Revenue and increase their Total Addressable Market. GameStop does have the largest digital magazine subscription in the world. Someone like Ryan Cohen will be able to capitalize on this aspect by focusing on Customer Service and Customer Experience. You can tell he as a huge inclination towards his customer loyalty. Another great article in the link at the top of this paragraph. + +>**Friedman:** You were **rejected by 100 different investors.** What did you learn from the process? **What made you keep going when you kept hearing no?** +> +>**Cohen:** For me, each no sounded like they just didn’t understand my vision. It was frustrating at times, but never discouraging. **Those “no”s never made me doubt my strategy** – it was the opposite. I was **motivated by** all the **rejections** and they just got me fired up. + +Buy and fucking hold. Don't worry about the noise. + +>Most investors couldn’t get past **two hurdles:** **competing head-on with Amazon** and the **pets.com failure** during the **dot com bubble.** But I was convinced being focused on the **pet category along with high-touch customer service** gave Chewy unique **competitive advantages.** **Pets.com** was a good idea but a **decade too soon** and without sufficient scale to **cover their costs.** These two hurdles didn’t scare me. **I never considered changing my business plan.** One highly respected venture capitalist told me he would be more interested if we were selling live pets over the internet rather than pet supplies. Like most investors, he believed running into Amazon’s teeth was suicidal. +> +>I understood that **thinking big** was likely going to be **misunderstood** along the way. I’m contrarian by nature, so **being misunderstood often validates** what I’m doing. It wasn’t until Chewy boxes were on doorsteps across the country that the bulk of **investors started to recognize** **our formula**. + +How many times has Ryan and GameStop shown they have a hidden edge that no one expected? That sentiment will only continue to grow. + +&#x200B; + +>**Friedman:** Let’s talk about execution and scale. You’ve said that you used Zappos as a model. You also were inspired by **Jeff Bezos** and **Amazon’s growth** and **model**. How do you go from idea to platform to scale? What was the process and **how did you scale so quickly?** +> +>**Cohen:** In **just three months** we built a **website**, found a **distributor** and **partnered** with a third-party **logistics company.** + +What has GameStop done in the last three months? Raised almost 2bn in cash. Made a ton of new hires. Expanded their product offering. Completely changed their board. Increased revenues and online sales. Got rid of the drift wood, thank you for your service Sherman. Revamped their online presence. Sustained insane valuations compared to where they were last year. + +&#x200B; + +>In June of 2011 we launched. I focused on four pillars and we did them better than anyone else. We **started** with the **value proposition** of **delighting our customers**, which we did through **amazing customer service**, **low prices**, **fast shipping**, and **selection**. The onus was on us to create the most efficient supply chain to support that business model. + +This is where we start getting into some more serious DD on RC's comments. Anyone who has ever worked for a multi billion dollar corporation recognizes what RC means when he starts talking about building pillars. Pillar systems are some of the most cliche corporate business strategy foundations that exist. What this tells me is this guy is familiar and *in the know* with running a multi-billion dollar company. He obviously has experience with Chewy but this jargon validates that he was actually doing something while he was there. Those who have been following along know that he has made a major shift towards delighting customers and offering a better value proposition. Anyone in the USA who has experienced the Door Dash same day delivery knows what I'm talking about. + +&#x200B; + +>When we **reached $200 million in sales**, we had to **insource fulfillment** to be able **scale** to the next level. We **opened** our **first two warehouses in 2014**. By **2018** we had **seven warehouses** around the country and **4.7 million square feet of space.** Each is the size of 13 football fields and four stories high. + +GameStop, like I just said is using DoorDash for fulfilment along with pickup in store. Covid is probably presenting a lot of challenges for this right now, and no doubt every industry is either going to adapt or die though these times. Maybe RC intends to insource this as well for GameStop. I also do not know what they currently do for warehousing and distribution but I would imagine this would be one of the first things RC would intent to overhaul if he saw fit. Will be curious to see if we can get any insight into these plans, if any. To give you reference 4.7 million square feet is about 3x3 city blocks or it would take about 6km by 6km of property to fit warehouses of that size. Roughly peaking. It's large though. So he is capable of managing logistics of a large scale. This is the scale of multi billion dollar operations. + +Edit: [A good spot to add u/thechaoschicken 's contribution about GameStop expanding their fulfillment capabilities with a new 700k+ sq.ft facility.](https://investor.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york) + +&#x200B; + +>I needed to **hire** the **best people** and **delegate** into their **areas of expertise**. Each employee we hired had a strong bias for action and were excited about the **opportunity to disrupt the pet industry.** We always hired for **will over skill.** One you can teach, the other you can’t. Everyone and everything revolved around being **customer obsessed.** We **scaled** from **3 employees** in **2011** to over **9000 Chewtopians** by **2018**. + +I specialize in labor management for large corporations. I also ran a small business with several employees. These are the fundamental aspects of managing people. You could literally be entirely unqualified in your field, as long as you delegate to qualified people and hire people based on their attitude vs their qualifications, then you will build a very strong culture and worker base. Most skills can be taught to most people, especially the motivated ones. But only the motivated ones can help you drive business forward. They will grow as much as you nurture them. One of my largest concerns with GameStop is that, judging by their subreddit, they have a ton of disgruntled employees. Sounds like they are often driven to quitting through unreasonable growth and sales expectations and competing with stores that manipulate figures. Among other problems. To see Ryan call his employees "Chewtopians" really signifies that he has a personal relationship with his workers. I would like to see that type of culture expanded in GameStop. + +&#x200B; + +>We **prioritized long term growth** **over short term profitability**. The last thing you want to be is a subscale e-commerce company. You’re a **dead man walking,** and **Amazon** will **crush you**. We **rapidly expanded our product offering** to include all pet food and supplies so there was never a reason to shop elsewhere. + +Expect the same thing with GME. Sustained growth. Long term investment. He knows what it takes to take on Amazon. We know this. We've seen it before in Chewy. Maybe Bezos will be smart enough to partner this time. Only time will tell. They have already expanded their product offering in the USA. Expect that to continue. + +&#x200B; + +>By **2018**, **90%** of our **revenue** was from **repeat customers**. + +This is easier to achieve with something like pet food, but holy smokes that is an insane figure. + +&#x200B; + +>We raised **six rounds** of **financing** and more than **$350 million** over **seven years**. We grew sales from **$2 million** in **2011** to **$3.5 billion** by **2018**, a **190% annual growth rate**. + +190% ANNUAL growth? Jesus christ those kind of returns are practically unheard of on a continued basis. Applying that to GME sends it to a trillion dollar valuation in less than 5 years. [Here's](https://www.youtube.com/watch?v=dB9ZerucuwQ) a video of Anne Hand, CEO of Super League Gaming talking about the potential market for the gaming industry. + +&#x200B; + +>**Friedman:** What’s the most misunderstood thing about entrepreneurship? +> +>**Cohen:** Don’t let the pictures or magazines mislead you, it’s not at all glamorous. Negotiating with vendors, reading long contracts, conducting nonstop interviews, convincing investors to give you money, combined with a constant stream of everyday problems, is not fun. +> +>The Type A in me is **competitive** and **loves to win**, but the day-to-day feels like you’re losing. If you think you’re winning you’re probably not doing a great job building your company. Even as our **sales** **grew** into the **billions**, I always felt behind. Whether that’s the right mentality or not, that’s how I’m wired. +> +>**Friedman:** What are three pieces of advice you would give to an aspiring entrepreneur? +> +>**Cohen:** +> +>I’d be remiss to say my way is the ‘right’ way. It’s simply **what worked for me.** My dad had a glassware importing business, and he told me about how he was talking with his dad one day. His dad had pointed at two trucks. “You see those trucks there?” he’d said. “If what’s in one of those trucks will make you more money, and what’s in the other truck will make your **customers happier**, choose the one that makes your **customers happier,** even if you make less money.” That served as the guiding premise for Chewy. +> +>Second, I was **never afraid to say no.** I was constantly bombarded with new ideas, and when you’re growing quickly it’s critical to stay focused, **so I said no to almost everything.** There’s a time and place for ideation, but in the early days when resources are finite, it’s important to choose a handful of things and do them extremely well. + +This just provides some insight into his business strategy. Out of the box thinking can be a great thing, so don't be worried if you see some un-orthodox moves come from RC. + +&#x200B; + +>Third, my **biggest risk** would have been **not taking risk**. The risk of going **head-to-head** against **Amazon.** The risk of **insourcing fulfillment**. The risk of building a company in **Florida rather** than a **popular tech hub**. The risk of **spending $3 million a month on TV ads,** more than Home Depot [HD](https://www.forbes.com/companies/home-depot) [\+1.6%](https://www.forbes.com/companies/home-depot)'s budget. The risk of **hiring expensive executives** even though we **weren’t profitable.** These decisions were some of the most **controversial** and required me being **comfortable betting against conventional wisdom**, and were often **contrary** to the **advice of my board**. Suffice it to say, I was not the most popular board member. + +This is basically where I stopped analyzing the interview. Like i said, he goes on to answer some questions about his dad. Which I believe lend a lot of insight into his personality and life but I didn't really feel comfortable commenting on it. I have no doubt his dad would be pretty proud of what he is doing now. As a father myself I would be completely blown away if my kids were doing what he's doing. Based on what RC says here I believe you can get a feel for what to expect next. TV/Social Media ads are probably coming. So much meme potential for them. Hiring expensive execs has already started. If anyone could share the DD on that I would love to link it here. The next piece of the puzzle will be what they plan to do with the over 1bn in cash on their books right now. Expecting some type of acquisition or major business expansion. + +Tl;Dr: You guys really need to put more blind faith into this guy +I’m not talking financially, we all can do the math. I’m talking mentally “made financial independence”. + +I’ve been FIRE for 5 years and Fat FI for 3+. I got bored and bought a business then sold it last summer. Now I just coach high school freshman basketball in a good program where I’m seen as a competent 51 year old that knows the game. + +Yesterday, my freshman (14/15,year old boys) basketball team lost to an inferior opponent. I couldn’t sleep until 4am when I realized “I f’g made it.” +Hi all, +I’m in the game for a 3 months. +Mostly invested in a bunch of stocks. Not +Loosing but in dire need to improve my knowledge. I understand the basics but not sure on how to build a strategy and figuring out what is a selling price of my stocks. + +Looking for some books to help with taking my knowledge to the next level. + +Thanks in advance. +Hey guys, I am just curious about your opinions on meta? +I already built a very small position back in december, but recently I have been thinking about it a lot. The business is still growing fast, earnings and users as well. Historically they have been really good in adapting to customer preferences. For me, price also looks to be quite a bit under intrinsic value. Public opinions are pretty low with all the potential risks about regulations and stuff right now, but normally that doesn’t influence my decisions a lot. +What are your opinions? :) +I'm purchasing a condo in Puerto Vallarta and I think I've been scammed. I'm hoping someone can advise me. + +I sent 10% of the purchase price to the escrow company. I negotiated that the seller would make some repairs to the unit before the sale was finalized. + +Two days before I flew down to sign papers and close the deal, my real estate agent called me and advised I wire the rest of the money to the escrow account so that the funds would be in place when I arrived. My gut told me not to do that. He informed me that by refusing to do what he advised, I was opening myself to potentially forfeit my deposit and have the seller walk away from the deal, since we wouldn't close on the date the contract stated. On this call, the agent assured me that the repairs were in progress. + +Fast forward to my arrival and NOTHING had been done to the unit. At this point, I've been in Mexico 5 days and still no repairs have been made. I asked my agent why he lied about progress regarding the repairs and he explained that he was told they had been made. He also deleted the texts from our Whats App chat where he told me the repairs were made. + +At this point, I'm being told that if I walk away from the deal that I would be forfeiting my 10% deposit. I want to buy this condo, but I fear that it's all a scam. + +Any advise? +Hello, + +I'm interested to hear people's opinions on European real estate. Obviously, real estate gets a lot of exposure as a very good investment, but most of this media exposure and hype is referring to America. People often refer to the 1% rule where a property is considered a good investment if its monthly rent has to be equal to or no less than 1% of the purchase price. + +But I think this is very hard to achieve in Europe. There is also the leverage benefit of real estate but this can also be achieved, but not to the same extent with a relatively safe 30-40% margin loan on an index fund or similar. + +For example, I have 4 rental properties + +Purchase price/monthly rent + +350k/2k + +135/1k + +110/650 + +120/700 + +None of them come close to the 1% rule and considering the cost of upkeep of the properties I'm considering trying to sell at least 2 of them and re-investing the money into a World index fund or something similar +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! + +Hi all + +Inspired by the excellent post from u/pingusbeak [https://www.reddit.com/r/UKPersonalFinance/comments/nj57ve/the\_actual\_reality\_of\_salaries\_in\_this\_country/](https://www.reddit.com/r/UKPersonalFinance/comments/nj57ve/the_actual_reality_of_salaries_in_this_country/) highlighting the huge discrepancy we sometimes see with posts on r/UKPersonalFinance and what the actual national data shows. + +I've made a very simple tool which just shows you where you current salary stands in comparison to the national median, it's super basic but I think does the job and can be found [here](https://www.reality-check.co.uk). Nothing fancy but hopefully a clear indication of how your salary compares to the nations. + +Just remember comparison is the thief of joy and to not focus on how you stack up to some of the posts you see here as I'm confident the very fact your on this sub means you're doing better than most! + +**Note** + +I think I will add regional salary medians too when I get a bit more time as that would be useful to see but thought I'd at least get v1 out there. +Have any software engineers here made the move from a FAANG to a quant/systematic trading firm? These are some of the only companies\*\* that can significantly top FAANG comp for an individual contributor ($750k+). I'm curious to hear how they compete on the other axes, i.e. lifestyle, interest of technical work, culture. Was the reason for your move to accelerate fatFIRE or were there other aspects that enticed you? + + +I currently make \~$650k at FAANG with clear path to L7 in the next 1-2 years, and I'm wondering if the switch to quant is even something worth considering. + +\*\* feel free to name some others, if I'm mistaken +Hi, + +Another n00b question here and I hope you can share your expertise and wisdom with me. So I wondering about investments in VWCE (ISIN [IE00BK5BQT80](https://www.justetf.com/en/etf-profile.html?query=IE00BK5BQT80&groupField=index&from=search&isin=IE00BK5BQT80#overview)) which is denominated in USD but it is listed in EUR in some exchanges in Europe. + +My question is: with the current weak EUR (almost on parity with USD), what is the negative/positive impacts of investments made now to buy this USD denominated ETF in EUR from one of the exchanges in Europe on the returns when in the future the EUR regain its strength (if ever) against the USD. + + +I tried to research online to educate myself but I ended up with more questions than answers and I hoped I will find my answers here. + + +Thanks in advance : ) +Project is fully renounced and there are no developer wallets = NO RUG TO PULL +Yeet reached a 3 million market cap in 2 hours, 7.8+ million 17 hours later. +Yeet’s trajectory is extremely reminiscent of Bonfire so far + + +Be honest, most of these things aren't built 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] +👉1,000,000,000,000,000 Starting Supply 🔥50% Pre-burn +🕳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) + + +Proof of fully Renounced Ownership: +https://bscscan.com/tx/0x5eeef8ebc2a336f4770f0b069cf40699885e837b7ce90720c8cd495ba464e9ec + +Whitepaper: https://pdfhost.io/v/VlJMvYYUj_YeetToken_Whitepaper.pdf + +Join us! We are a decentralized community. Each one of our socials were created and owned by non-devs, aka the community. The original creators of Yeet only control the Telegram. + + +Socials: +Telegram (3300+): https://t.me/YeetTokenOfficial +https://www.reddit.com/r/YeetTokenOfficial/ +https://discord.gg/jfBBRCgr +https://twitter.com/yeettoken_hq +https://www.instagram.com/yeettoken/ + +Website: https://YeetToken.com +PancakeSwap: [Buy on PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7060d3f1cc70a07f4768560b9d9b692ac29244de) + +YeetToken was born 30 hours ago - it’s still very, very early. +If u look at a 5yr chart, most CAD banks remained flat for the first 3 years - like no growth whatsoever. They then had a great run afterwards, and now it’s coming back down to earth. + +What factors go into believing that the next 3-5 years will consist of another run as opposed to a flat horizontal line? +How many hours do you actually work? + +Full-time positions are said to be 38-40 hours at least a week. However, the amount of hours you actually work can differ. + +For example, I have friends who work in law and finance where the hours tend to be more towards the 60-70 hour mark. + +In contrast, I also have friends who work in administration or higher education who probably spend about 10 or 15 hours actually doing productive work. Some of these people earn quite good money., + +If you work for a customer service call centre or a factory, you are forced to work prescribed hours as you will always be on the phone or doing work in the factory, during which time you are usually monitored heavily. + +Full-time teachers are interesting because even though they have 9am - 3pm, there is a lot of work after hours with marking, administration, class prep etc so their hours tend to be quite high. Then again I know some teachers who like to do all of the work in 1-2 weeks at the start of the year, leaving the rest generally to marking (which can be minimal depending on efficiency, experience, assessment methods etc). +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 +Reddit co\-founder, Alexis Ohanian recently made the [bold claim](https://www.ccn.com/ethereum-price-will-reach-15000-this-year-reddit-co-founder/) that ETH will hit a price of $15,000 by year end \(\~ $1.5 Trillion market cap\). + +>I still hold a little bit of Bitcoin, and I think it has such mindshare that it will continue to be a store of value. I’m most bullish about Ethereum simply because people are actually building on it,” he said, predicting later that “ At the end of the year, Bitcoin will be at $20,000. And Ethereum will be at $15,000 + +While throwing out trillion dollar estimates is the norm among crypto\-bulls, most believe that's a 5, 10, or 20 year journey. Alexis is targeting 7 months \- is that realistic? + +While speculative mania could definitely propel ETH to $15,000, the app network progress and usage growth suggest a much more modest price target in the next 7 months. [My intrinsic valuation estimates](https://www.reddit.com/r/ethtrader/comments/7qqb6y/hype_has_far_exceeded_reality/) indicate \~ $1000 ETH is about the right price for 2018. + +But you didn't come here to have your ETH lambo dreams dashed... So what would it take for ETH to hit $15,000? + +My valuation estimates are based on the following premise \(see [my valuation model](https://www.reddit.com/r/ethtrader/comments/7qqb6y/hype_has_far_exceeded_reality/) for more detail\): + +>Ethereum market cap is worth approximately $100 billion for every $1 billion of real Dapp network transactions per day + +With that as the starting point, here are some reference points: + +1. **Daily usage on the scale of VISA** \- Real transactions \(not just day\-trading activity\) would need to hit about $15 Billion per day. That's about 10x the scale of PayPal and a approaching Visa's \~ $24B daily volume. +2. **Accepted by all major retailers** \- To even come close to the scale of Visa, we'd see major adoption across retail platforms \- Amazon, Walmart, ebay. You'd also need to see mass adoption from brick and mortar retail and a secure means of payment \(ETH cards or mobile apps like Apple Pay\). +3. **Mainstream financial instruments and trading markets** \- It takes a LOT of trading to support price discovery of an asset that big. By comparison, oil trading is 20\-30x bigger than actual oil consumption. So $15 Billion of real Dapp transactions would indicate $300\-500 billion in trading volume. To facilitate that much trading, we'd need mass adoption of ETH financial instruments like futures contracts and ETFs. +4. **More wallets than humans on earth** \- Currently, 60&#37; of the world has at least one bank account \(\~4.6B people\). Many of those have multiple accounts, averaging 2.0\-2.5 or so among developed nations. We'd likely need to see comparable consumer adoption of ETH and ETH wallet usage. Adding in corporate, non\-personal and burner wallets pushes the number even higher. So lets round it out to an even 10B or so wallets needed to sustain an ETH economy. +5. **You're doing your Chrismas shopping in ETH** \- If ETH is going to reach the scale of Visa, we'd have to use it as often as Visa \(duh\). That means you're going to be buying a good portion of Christmas gifts with ETH. + +That's a snapshot of what a sustainable $15,000/ETH economy should look like. Safe to say that's not going to happen in 7 months. Sure, speculation might drive the price of ETH there before real world adoption catches up. But we need to eventually get there if we want a sustained $15,000 price tag. +Do yourself a favour and mentally prepare for more of the same this week. I don't care about catalysts, options expiring, record dates, rules changes... none of it. + +I expect another boring week of unadulterated market manipulation. I plan to buy the dips as much as I can, for as long as I can - as has been the plan from the start. + +Not financial advice - just talking to myself here. + +💎👐🚀 +How were your stocks this week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +How were your stocks this week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +[Listen to full episode](https://youtu.be/U2nULtzlvvo) + +Demetri Kofinas speaks with Tony Greer, editor of the Morning Navigator and founder of TG Macro. This episode begins with a clip from David Portnoy (a.k.a Barstool Dave or Davey Daytrader), in what is probably the most epic hype video ever created for stock trading. + +Portnoy has come to personify not only the recent rip-roaring retracement in equities, but also, the philosophy that the stock market no longer bears any relationship to the real economy. “It took me a while to figure out that the stock market isn’t connected to the economy,” according to David Portnoy. “I tell people there are two rules to investing: Stocks only go up, and if you have any problems, see rule No. 1.” + +Extraordinary monetary interventions remain the single most important causal factor for explaining this phenomenon (what we have referred to on this show as “market nihilism”). Whether investment flows are coming from passive funds or “passive people,” what’s important is that the allocators invest indiscriminately. As the popular fraise goes: “Always buy the fucking dip” ([\#ABTFD](https://www.youtube.com/results?search_query=%23ABTFD)) + +In our past episodes with Mike Green, we have explored the role of systematic passive investment vehicles in driving markets higher. With the recent return of the retail investor an additional layer of passivity has been added. Not only are these investors seemingly “price inelastic,” but they also exhibit a disturbing level of indifference to fundamentals that is qualitatively different from anything seen in past generations. Unlike the Gen-X and Boomer cohorts of 1999 who felt that they could see a future that others could not yet perceive, this generation of zoomers and millennials seems to feel that they have figured out something far more fundamental about how things work today. In their view, the notion that the stock market has any relationship to economic reality is laughable. Fundamentals can’t hold a candle to Jay Powell and his money printer. Along with this realization comes a mocking, self-deprecatory celebration of aberrance. Indeed, going through r/WallStreetBets or wojack images on crypto subreddits exposes you to imagery that is reminiscent of a scene from the Island of Dr. Moreau. + +In their 90-minute conversation, Tony and Demetri explore all of these themes. They discuss the recent rip-roaring retracement in equities and how the Federal Reserve, with its relentless money-printing has broken the economy, turned the stock market into a casino, and sown the seeds for a political crisis unlike any we have seen in more than a generation. +Hello everyone, I'm at a loss and could really use some good advice. + +Long story short, I was once an eager 18 year old with great credit that I absolutely tanked in a matter of 4 years. I racked up over 8k in credit card debt and I have a garbage car loan that I still owe about 6k on (with 11% interest rate, whoops). The credit cards are one with 7k and one with 1k. Due to the interest and high amount, I just can't get my first card under 7k and I'm starting to lose any motivation to fix this. + +Now I know and recognize this is completely my fault and I should've known better when I got the first credit card. I accept it, however I have no idea how to get myself out of this hole. I work part time (I'm a full time student) so obviously make more money would be my first solution, but that is not a possibility right now. I have been doing delivery jobs as a side gig but that only gets me so far. + +Does anyone have any ideas? I don't know if I should get a loan, file bankruptcy (probably not but I literally have no idea) or just suck it up? The interest on everything will cause it all to double but maybe that's what I deserve for letting it get so out of hand. I'm just so lost and tired, both of my parents have their own debts so the apple doesn't fall far from the tree; I don't know where else to get advice on how to begin fixing this. Thank you to anyone that can help, it's much appreciated :( + +Edit: Thank you everyone for your advice, it is giving me hope for the future now that I have some sense of direction :) + +Edit 2: thank you for the award kind stranger 🥰🥰🥰 +What a time to be living in, you can click pics of yourself, call it a "DAO" and raise millions of dollars in hours. + +Thats what Irene did. + +[IreneDAO selling \\"Tribe passes\\". Spend your valuable coins to join her tribe i.e private group](https://preview.redd.it/uqv9vtep04c81.jpg?width=1030&format=pjpg&auto=webp&s=296b0e721c3ac0e23bf6560f1ac292ac28e99eed) + +[No thanks? The market says otherwise. ](https://preview.redd.it/4yzyqmpt04c81.jpg?width=1170&format=pjpg&auto=webp&s=83d65d39b3447f24aa5490375161764b8958ce30) + +Well.. anything is possible if you get big accounts to back you. + +[She even got Novogratz to shill this \\"DAO\\"](https://preview.redd.it/7p8yhjf214c81.jpg?width=1170&format=pjpg&auto=webp&s=9bbeee30cebb6c8a6ed1ae88172e68973db11376) + +[henlo? Novofaps](https://preview.redd.it/t7qjyac424c81.jpg?width=512&format=pjpg&auto=webp&s=86e4c293df85a1d9cb2f59d01c31a5a00381e151) + +Edit: + +This chick be straight up hustling yo, she got plebs to send her their valuable NFTs (which are now trading at $15,000 each! ), in exchange of a 5 minute phone call. + +[$15,000 for a 5 minute phone call? Shut up and take my money!](https://preview.redd.it/awjomdzmh4c81.jpg?width=1242&format=pjpg&auto=webp&s=8057dfc1b82aa2c28f303b8def7b5bd14a9291a2) + +And then she used those 2 NFTs to get the attention of Su Zhu and Justin Sun + +[Lmao](https://preview.redd.it/wnt2rqtwh4c81.jpg?width=1169&format=pjpg&auto=webp&s=2d03022b8a7d8e48b98bb7935cd7546b92fcbf23) + +Looks like Bored Apes are gonna become history soon +A lot of posts/comments come off as humble bragging around here. Let's make this a safe place to brag about anything you want with no need to be humble. I want to hear how young you are, how much money you have earned or been given, how close you are to retirement, how many houses or boats you have, etc. +I am sorry if you are about to retire. +I am young, like quite young. I have at least 30 years of investing in front of me. Yet, now stocks are extremely expensive. It's an everything bubble. There are many great business I would like to buy, but they are all overvalued. My expected future returns are so much lower than the ones of someone who was born just 10 years before me. +I feel like it is a similar situation with houses: our parents and grandparents bought houses for cheap, and now houses are so expensive that many just pay rent to the current home owners. +But if the market crashes, and we enter in a long bear market, stocks will get cheaper and cheaper, no one will want to touch them. I can then accumulate great businesses at low prices, and I have enough time to reasonably expect the price to match the value of the stocks I own again in 20 or 30 years. +Am I selfish?. + +Edit: I am 80% invested, but most of my cash flow is into the future because I am young. I own 8 stocks which I believe are undervalued or fairly valued. +If you want DD, there is Zed's library. If you want new DD there is a DD flair. If your DD isn't getting upvoted it's because it's shit. Sorry to tell you. Quality DD will ALWAYS make its way up. But if you want BBB rated DD than use the flair. + +We've done months of analysis on the system. On the dates and deadlines and the different ways to dodge the deadlines. Compared to the beginning I'm sure most apes are savants at this point. If you're not there yet go to zed's DD [library](https://fliphtml5.com/bookcase/kosyg) (I just searched library in Superstonk and it was 2nd post). + +The frustration had been until now we were at mercy of SEC to take action. That or GameStop knowing in the back of our minds that GameStop triggering an NFT could potentially be solved with a court case and an NFT cash equivalent (cash value at time of NFT issue). Do you trust SEC to not let the above happen? Or waiting for a market crash which is kind of tragic. + +Nothing anyone could do. Only to realize damn near a year later that it's possible to take shares out of the DTCC. That the way to recall shares is by direct registering them, not turning off lending with brokers (lol). + +So stop blaming your DD not getting upvoted on DRS lol. Your DD is just not that good. If you only want DD, there is DDintoGME sub. There is the flair. There are a thousand ways to get it. At the end of the day though its just talk, not action. + +Talk is cheap. It takes money to buy whiskey. + +*As always, this is not financial advice. To be used for information and entertainment purposes only. Do and trust your own DD.* + +I’ve been following the crypto market for some time. It’s very obvious to me that many of the altcoin’s price action is similar to Bitcoin. After reading some papers, I am confident that moves with Bitcoin’s price can have a ripple effect on other cryptocurrencies. + +My initial plan would have been to get tick data over the course of 24 hours for Bitcoin and a basket of other cryptocurrencies and look to find a reliable pattern there, but before I went to attempt that, I saw some similar posts to my “strategy” posted here on Reddit. + +Is it possible that many of these exchanges / market makers employ this strategy effectively capturing this value for themselves? If not, would I be too slow compared to other trading bots out there? I’m looking to see exactly where this strategy would fail, if anyone has insight into that. +For context, I come from a conservative family that loves capitalism. A lot of the economics I learned in school and from books (like Naked Economics) gave me the impression that economists agree: capitalism is good for the economy, socialism is bad. (I also understand that there is a spectrum, and it's possible to have elements of both in an economy). + +Now I'm going to school in California, and everyone here HATES capitalism. No one says that they are socialist, but in class discussions people express socialist ideas. I can certainly understand why people are so frustrated with capitalism (extreme inequality, externalities, etc.) but I'm having a hard time completely rejecting the idea of capitalism. I was taught that market economies have weaknesses, but that's where the government should step in. + +I don't mean to spark a big debate with this question. Neither my parents nor my classmates are economists, and I just wanted to get an economist's perspective. What are the economic facts that everyone agrees on? I know this is a big topic so I would love suggestions for books/ documentaries/ podcasts that might help me learn more. +Look at everything being pushed right now. Shoved in our faces is "omg $30 and we squeeze" "omg ortex lying about short interest" "omg mod drama because ortex was manually approved to post" and what is the absolute fucking **BANGER** of a piece of information that is conveniently *not* being pushed right now? Oh yeah. Credit Suisse. + +I just can't shake the feeling that all of this stuff coming up (and being pushed, let's call a spade what it is) right AFTER credit suisse's meltdown 2 days ago is no accident. I highly suspect that credit suisse made a huge mistake or had an internal weakness that led to some real data being spit out, and they are currently in full damage control mode. The borrowed shares are likely due to their failure to deliver shares when they were supposed to, resulting in the shares being loaned out from DTC. (Seriously, read Naked Short and Greedy, like the first 40 pages explains this in detail.) + +I believe Credit Suisse is in the process of being bailed out by DTC and its members, helping them roll this FTD cycle. Somehow we were able to see this bailout happen in real time, through Ortex. (and I also believe Ortex knows this or at least suspects it) I believe this is the crucial piece of information trying to be slid away from our forum. + +Anyway, DRS and buy from Computershare. It's our best defense against this systemic allowance of FTDs and really the only way we'll win this thing. +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. +We will be making a special earnings megathread for GME today at 2:30PM as well as an earnings call megathread tomorrow morning. + +Grab yo holy moly guacamole flavored popcorn. + + +Hi Everyone, + +My post is to help those who are struggling with trading. For many starting out trading is like being given a book and then having all the pages ripped out and then having to assemble them all back together without the page numbers. The main issue I found when I first started is the amount of noise in this field. So much so that your usually bouncing around from strategy to strategy trying to see what works and what doesn't and most of the information you find online is very superficial. Then when you look to forums or paid chats you reduce the noise but again most of the "good information" is between the few good traders who mainly just exchange the information between each other leaving others in there paid chats with tid bits of information just enough to keep them hooked to the forum praying for the next juicy tid bit. + +Trading is hard, very very hard. It's one of those few things in life that you have to accept losing and being defeated over and over again in order to progress to the next level. Unfortunately many can't afford the $ losses to get to that point which is why having a good foundation is essential to good/consistent trading. In order to help others I'll give my format on how I go about finding set-ups that hopefully will keep others afloat long enough to become good at this game. My process is simple and barbaric but keeping complexity out of it as much as possible makes the process more streamlined. The goal of this game is to not make it more complicated than it already is. As you start to scale your account then you can start worrying about complexity and complicated set ups that may take days or weeks to complete. Anyways lets get started. + +Disclaimer first....everyone has a different trading style it's important you find one that fits your personality....someone may be good at trend following, swing trading, investment trading, buying dips no one set-up is perfect...it's what is perfect for you. Some traders trade complicated some do not, there is no right way so find what works for you and your temperament. + +I like to trade patterns on the 3 minute chart for shorting. I collect the daily gappers starting from 50% and up and collect data on them. Small caps with at least 100k volume. Many times you will get gappers where there just isn't enough volume and you get sporadic price action and large spreads(dont trade these unless you find an edge in that). Here is an example of what I collect. + +https://preview.redd.it/44cp7mhisop51.png?width=2071&format=png&auto=webp&s=c960a7d0f47da8d23632d6b3dea85492f96f2056 + +I put the daily gappers in here that were heavily traded that day. I input the information and then look through charts to notice any patterns that consistently appear. Generally I like chart patterns that appear at least 1-2 times a week. You may get 2-3 really good set-ups just combing through the charts. In other words if one set-up happens on average 1-2 days a week, then another one 3-4 days a week, then another 2-5 times a week you now have at least 3-6 high probability trades weekly when the market picks up after September. + +An easy chart pattern that happens frequently is this + +https://preview.redd.it/2kah0etfsop51.png?width=2200&format=png&auto=webp&s=75074c69adce24a5243fd2e286ebd1b61f86405e + +So lets say I find this pattern that happens frequently. I then sift through my data that I collected on gappers and find those patterns. I then take those rows and put them in another sheet and collect data further on those particular patterns. + +&#x200B; + +https://preview.redd.it/oeuzf2wksop51.png?width=967&format=png&auto=webp&s=e0b903264222021d63e6a915c4c6b7f929878017 + +I then make it visual to make it easier to get a birds eye view with graphs + +https://preview.redd.it/fozj4hpmsop51.png?width=1463&format=png&auto=webp&s=b3dc4f06c505f8502002492d05a7a37aea1260f7 + +When you start to collect data and graph it you can see multiple commonalities, where the majority breakdown, where they put in the HOD etc. From this you infer when the best time to enter and exit are. I haven't updates these charts yet but you can see that that most of the HOD times occur at 1000 so it's safest to short at 1000 or a little before and expect a breakdown by 1030...if it does not breakdown or is down trending and stays within the Top 25% range of the high by 11 it's best to close position. + +Hopefully you went through all your charts and found a set-up...but you must also find one which is similar but goes against you. You need a positive chart and a negative chart to give you the risk parameters. So if we have this + +&#x200B; + +[ ](https://preview.redd.it/nj5ygycosop51.png?width=2200&format=png&auto=webp&s=16606dd9dad8dd63170b29365b8520378fe99f73) + +**This chart pattern is a push to the open where the chart grinds up in pre-market close to open and then fails** + +you will also need this + +&#x200B; + +[ ](https://preview.redd.it/vjwn932qsop51.png?width=2200&format=png&auto=webp&s=06ae9263f28e7ec7198fe6766a02f90ec07e056e) + +**This is the negative chart pattern where the chart grinds up in pre-market to open and then fails but recovers mid-day.** + +We have the negative and positive chart. We find the best times to enter, the best times to exit, breakdown times, how many spikes above pre-market that they have before 11 and so on and so on. But you also find what you need to watch out for and how it looks when it does and what times they happen at. What you do here is build parameters for the set-up and once you notice things are different than what happens 90% of the time you get out and wait for normalization...if it happens. + +Its easier as a trader if you break things down into time zones and within those times zones the probabilities of what will happen for those specific set-ups. An example would be this push to open set-up that I have shown. It gaps into premarket at 7am. I know that the best shorts in pre-market are at 7 and before 8. So I take a short position. I exit position at 8 knowing that is the usual time pre-market spikes again due to other brokers opening up etc. I wait until 9ish for reentry since this is when a push to open may fail in pre-market or wait if it continues its trend upward into open. When market opens there's 3 scenarios that can happen....at 930-935 there will be an immediate spike at open with a long wick...I short knowing that "x" percent of the time it dumps "x" percent. Next scenario is it just dumps right at the open and I wait for pop to enter short. Last scenario is it goes above pre-market high and this occurs "x" % times normally. If there 1 spike above pre-market there's "x" chances of there being another one and then "x" chances of another one. If the stock does not drop below 25% of the high on the FIB ext then there's "x" probability that it will squeeze. **So now instead of trying to get good at trading the whole chart it's much easier to trade specific time zones that give you the best edges.** I like to break my time zones from 700-930, 930-1030, 1030-1100, and 1300-1500. Those are the time zones I find the best quality set-ups for me. I look for set-ups and then how the set-ups play out during those time zones and if anything doesn't go the way I've seen "x" percent of the time I simply exit. There's alot more that goes into it but this is just to give some insight into how to find possible edges. + +Its important to track daily gappers and then once you have a big enough database you can start pulling set-ups from it. Too much false information is passed around in the trading community...when you start tracking stuff you will start to notice it more and more. + +Hope it helps some. I know not everyone trades this style but for those who are interested hopefully it gives you some insight on what you can improve +I've noticed Stratis being mentioned more and more frequently, lot's of subtle (and not so subtle) hints that is could be the next big thing, and also that it is a challenger to ETH. + + +So I decided to do some digging to try and educate myself and get a thread going. I’ve read through the Stratis sub, their Wiki, the website, the whitepaper and a tiny proportion of the 600+ page bitcointalk thread (caveat – total ‘research’ time on this is literally about an hour so conclusions could be WAY off). This is what I can make out thus far. Disclaimer I hold ETH, but I’ve tried to keep this objective…). + + +**Stratis Group** + + +* It looks like Stratis has been created by members of Stratis Group, an organisation that aim to provide consultancy services and cloud infrastructure services aimed primarily at the enterprise market. +* From the WIKI: + > Q: How will Stratis Group monetize Blockchain applications created on the Stratis platform? + + > A: Stratis Group makes money by charging a subscription to customers using the platform and also via Stratis Group consultancy services. The platform includes features such as Cloud hosting, BaaS, as well as access to the Stratis SDK. A combination of service and technology based revenue will ensure Stratis Group remain a successful business. + + +* It looks like the Stratis chain/platform will be just one of the technology platforms the team intend to support. Others include Bitcoin and Ethereum +* From the whitepaper: +> (1) "As well as offering the services integrated in its own blockchain, Stratis will specialise in providing hosting and consultancy for decentralised applications (Dapps) on top of the Ethereum blockchain." +(2) "Stratis will enable one-click provisioning of other major blockchain platforms aside from its own, including Bitcoin, Ethereum, BitShares and LISK” + + +**The Stratis Blockchain** + + +* Stratis appears to be a platform built using forked bitcoin components, with some disassembly and reassembly involved, with a Proof of Stake consensus mechanism thrown in, and with emphasis on use of C# for ease of enterprise adoption. +* The white paper leads me to conclude transactional features supported by the network will be similar to those sported by bitcoin. No Smart Contracts. +* Features such as asset issuance are achieved using the OP_RETURN data space offered by bitcoin and pioneered for meta-protocol use by Omni and Counterparty. +* It seems the idea is to create a primary Stratis chain, against which it will be possible to integrate private chains. + + +**Current Network Status** + + +* There is a live public chain. +* Currently at block 380k or so, the last 100 blocks arrived in 148 mins, so just over a block a minute. +* Unclear on status of side/private chain integration. + + +**Stratis tokens (STRAT):** + + +* From the wiki: "Stratis is the currency which powers the Stratis Platform. A Proof-of-Stake (POS) cryptocurrency with limited emission and low inflation, Stratis (ticker: STRAT)." +* STRAT token appreciation since ICO currently stands at just over 140,000% (https://icostats.com/vs-eth). Not too shabby. +* The top 15 wallets seem to own >40% of tokens (https://chainz.cryptoid.info/strat/#!wallets) +* There are suggestions the token may be used for more than basic transaction fees and staking rewards, but I have’t found any further explanation on this. From the whitepaper: [Process for creating a private blockchain] “Create an account on the Stratis Cloud Portal [then] Purchase Stratis to fuel your Private Chain.” < This point has me totally confused. + + +**Conclusions:** + + +* In general, all sources of information are quite light on substantive detail describing how the platform (particularly public/private chain integration and possibly even cross chain token use) will work. +* At risk of being too blunt, I’m unclear what the value proposition of Stratis (the platform) is beyond being a PoS bitcoin with faster blocks, which may be more accessible to C# developers. Don’t get me wrong, this is not a bad proposition (!), but does it compete with Ethereum? No. If anything this is another bitcoin competitor. +* Maybe I am missing something / a lot, but given what I’ve read, I’m completely unable to justify recent hype or price rise. + +**Some links for ref:** + +* Explorer: https://chainz.cryptoid.info/strat/ + +* Whitepaper: https://stratisplatform.com/files/Stratis_Whitepaper.pdf + +* Wiki: https://stratisplatform.atlassian.net/wiki/display/WIKI/About+Stratis + +* BCT Thread: https://bitcointalk.org/index.php?topic=1512202.0 + +* Github: https://github.com/stratisproject/ + + +TL:DR – A bitcoin derivative with a twist (PoS). Baffled by recent hype and price rise. Expecting crash. Staying well clear. + + + +Discuss. +I noticed more and more people over the years in the UK wanting to acquire many properties to rent out. I can’t really wrap my head around it. There’s a unique obsession that I can’t really explain. These are just average everyday people too. + +Interested to know why? + +Mods please let me know if this post breaches any rules. +I have saved up about 200k since 2018. I just turned 32. The money is sitting in a savings account. Minimal debt (3k), no kids, no wife, expenses are about 1k monthly in rent and bills. Prior to 2018 I pretty much squandered most of my money traveling (I am a huge F1 fan and attending those cost a pretty penny). I once tried playing around with stocks in 2013/14 made a few bucks here and there, but one day I made a mistake of pouring a lot of money on a CBD stock (they were getting pumped big time and I was a noob) and lost all of it. My trading account was wiped out to a mere $0.94 in a matter of minutes. I still look at that TD account till today as a reminder of some of the dumb stuff I have done. Since then I have been a little scared about investing in the stock market. The good - less stress/anxiety, the bad - I have grown to see TSLA rise from the sub 100s to over 1.6k, bitcoin jump from 250 to 20k, amazon and google from the low 100s to where they are now. The regrets keep eating me alive. But then I keep saying, there's a reason and time for everything. I have become very much comfortable with the fact that in this game, you have to be prepared to lose. That's the mindset that I am going with this time round. I am looking at investing about 100-150k into stocks, ETFs and index funds. I am looking for both long term and short term growth as well as dividend paying ETFs that can average about 300 or more per month. So with all that said, I am humbly asking for opinions from those who are in this game. I have been doing some research for a few months now and I keep seeing a lot of noise about the same stocks and ETFs. Any piece of advice would be greatly appreciated. +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. +So I’m going to try and keep this as vague as possible. I receive annual reviews and raises from the company I work for. It’s standard for all employees. I was working an entry level position, historically receiving 7% raises annually for 6 years. Note: I’ve been told this is above top rate and it is because of my worth within the company. + +A year ago I accepted a project management position with the same company in the most textbook definition of the role. Market compensation for this is 60-85k, DOE. I didn’t know what I was getting into, so in my transition, I accepted a 7% raise (45k) for this new role. It has come time for my review and they offered me 4%. I said that I wanted to be brought up to market rates for the role. They countered 7%. ID BE MAKING MORE IN MY PREVIOUS ROLE. + +This role and negotiation process has drained me mentally and emotionally so I gave in, and accepted. I can leave feedback on the review for my file and stated I was disappointed and discouraged. This was days ago. I just received an email stating upper management would like to discuss and also explicitly stated this will have no affect on my raise as it’s been submitted already. During my review process I was also told “if you have a number that is bottom line, let us know because we don’t want to lose you” and I had, and they continued to offer me mediocre compensation. + +I don’t want to have this conversation with upper management about “why I’m discouraged and disappointed”.. + +How do I handle this in the most professional way? Do I disclose I’m ready to walk because of this and see what happens? If so, and we begin discussion of numbers, how do I stick to my guns about proper compensation? + +EDIT: hi all! This blew up overnight and I’ve just taken the time to read the responses. Thank you all for your different perspectives and advice! I wanted to clear things up that I realized should’ve been stated in the original post. + +Yes, this is in the US. I went from a localized retail position to a corporate position. My “upper management” / chain of command has the CEO 2 steps above me. I manage projects for a multi million dollar account. + +I’ve decided I wont be going into this stating anything resembling the fact I’m looking for a new job. It seems the general consensus is that would be silly and dangerous. I am going to hear what they have to say, and be as transparent and short as possible with the objective to move past it and get back to work. +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. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +The Bonfire has been lit. + +&#x200B; + +This coin has absolutely crazy moon potential. + +&#x200B; + +It's a community-owned token. Rug-pull proof (ownership-renounced, liquidity burned). + +&#x200B; + +It has hit up to $25M in just three days + +&#x200B; + +Only three days old, the community has responded in turn already paying for a PooCoin ad and are currently looking at getting a billboard in Times Square. Seriously, they got a quote for $5k already. + +&#x200B; + +Dedicated wallet with donations that have already reached $10k, donated by the community withing 12 hours! + +&#x200B; + +It's still super early, and has potential to go up to $100M market cap by TOMORROW. + +&#x200B; + +Most big whales have already dumped, and now we are more community based and PUMPING! + +&#x200B; + +I got my bag. Will you? + +&#x200B; + +Sitting by the comfy bonfire ;) + +&#x200B; + +Website - [www.bonfiretoken.co/](https://www.bonfiretoken.co/) + +&#x200B; + +Telegram - [t.me/BonfireTG](https://t.me/BonfireTG) + +&#x200B; + +PancakeSwap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +&#x200B; + +Chart - [https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +&#x200B; + +Our own subreddit - [https://reddit.com/r/BonfireToken/](https://reddit.com/r/BonfireToken/) + +&#x200B; + +Twitter - [https://twitter.com/token\_bonfire](https://twitter.com/token_bonfire) + +&#x200B; + +BSCScan: [https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) +I love the dynamism of the crypto world, and I am always on the lookout for interesting crypto and blockchain-based projects. I found one in Amnext. + +Amnext takes saving money to a whole new level by turning it into an interesting venture, and that is done through the combination of smart contracts, DApps, and creativity. Amnext is a saving game where you are always a winner. + +**The main features of Amnext are:** + +* *Lifetime Lottery Ticket* +* *No-Loss Lottery* +* *Staking Rewards* +* *Referral Rewards* +* *Rewards in AMC by depositing in Prize Pools* +* *Doxxed Developers* +* No Launch Until Audits are done (Certik as 1st chose) + +Lifetime Lottery Overview: + +The **Lifetime Lottery** follows an easy but smart procedure. Once a user buys the lifetime ticket the funds are sent to the **Amnext Staking protocol**, it will generate Interest. + +This is where the magic happens. The interest produced is accrued to the to the lifetime jackpot depository which allows users to **keep their lottery tickets forever** without the necessity of putting in money repeatedly to participate on the drawing of the next lottery. + +In simple terms, the money used to buy the tickets **does not become the jackpot** as it happens in classic/national lotteries but it is used to generate the interest, which will form the jackpot and allow **the birth of the lifetime ticket!** + +No Loss Lottery Overview: + +**Another unbelievable concept** inside the Amnext ecosystem is the **No-Loss Prize Pools.** + +The members can deposit funds in different stable and well-trusted Tokens like **BNB/CAKE/USDT/BUSD/VAI.** + +The amount deposited follows the same workflow similar to the lifetime lottery protocol. The Tokens deposited are invested in one of the most active and secure platform of the Binance Smart Chain, **Venus a Lending and Borrow** Dapp that permits the invested tokens in Amnext to generate the interests which form the jackpots. + +Instead of the lifetime lottery, you can remove your investment whenever you want and accrue AMC tokens as a simple staking system. There is also a **bonus that is added to the jackpots,** the fabulous **LootBox;** a fair amount of AMC tokens that is provided by the tokenomics logic of the project. + +My Review: + +The confidence of the doxxing team is amazing and **should sell itself early enough**. I advise you to join the **telegram group** to connect with the community of developers to clarify any doubts you may have. I personally believe that the project has a lot of potential and will be for sure a **long-term GEM.** + +Website: [amnext.io](https://amnext.io/) + +Telegram: [https://t.me/amnext\_official](https://t.me/amnext_official) +https://www.theguardian.com/business/2018/jul/13/johnson-johnson-ordered-to-pay-47bn-in-talc-powder-claim?CMP=twt_gu +> +> Mark Lanier, the lead counsel for the women, six of whom have died from ovarian cancer, said Johnson & Johnson had covered up evidence of asbestos in its products for more than 40 years. +> +> After a six-week trial at a court in St Louis, a jury awarded the women $4.14bn in punitive damages and $550m in compensatory damages. +> +> Medical experts testified during the trial that asbestos, a known carcinogen, is mixed in with mineral talc, which is the primary ingredient in Johnson & Johnson’s Baby Powder and Shower to Shower products. +> +> Lawyers said asbestos fibres and talc particles were found in the ovarian tissues of many of the women. +> +Johnson & Johnson has been sued by more than 9,000 women who claim its talcum powder contributed to their ovarian cancer. The company has consistently denied that its products can be linked to the disease. + +>The company said it was deeply disappointed with the verdict, saying it was part of a “fundamentally unfair process” that grouped the women together and awarded them the same amount despite differences in their cases. It said it intended to appeal. + +> +I only have one measly share. I missed the boat on this, I was preoccupied the last few months with my wife's cancer battle + +But this situation is the first time I've felt like I have any sort of purpose since my wife passed away earlier this month. + +All i have is one share, but thank you for letting me feel invigorated. I don't have my livelihood riding on this. But for the first time in a long while, I feel a fire inside me. Thank you for this. + +She always used to tease me for my obsessions with meme stocks, but I know she'd have loved to hear me rant about this bullshit in endless anti-establishment screeds. I won't get to hear her laugh at me for it, but the least we can do is burn Melvin and Citadel to ashes. + +She was stubborn as hell, and I hope everyone else here will join me in stubbornly refusing to sell. + +&#x200B; + +EDIT: Didnt expect many to see this, you guys have made me cry again, thanks, retards. You guys are the best. This is the shit that the hedgefunds will never have. They will never have our humanity, nor our Gamestop shares! + +&#x200B; + +EDIT 2: You guys are amazing and generous and I've had a few people ask about donations they can make in her honor, or whether they can buy me shares or send me money or profits off the stock. Please don't send me money, thankfully, medical bills are not an issue as she had excellent insurance until the end. I will be ok financially, as well even if im still making adjustments. If you wanted to fund shares for me, buy them for yourself, because we're all in this together. I love this stock and i want everyone to have some! However, if you want to give, I've been directing people to give to the American Cancer Society. If that's cool, awesome. If you have another cause and this made you want to give, give to them instead. I very much appreciate the sentiments though. +So, it all went a lot quicker and smoother than I expected: After raising the topic a week ago, I already signed the separation agreement with my firm this morning, and shook hands with my, now former, partners. I will go back into the office one last time next week to hand over a few things, say goodbye and gather my belongings. And then, that’s it, the end of full time employment. The beginning of the rest of my life. I cannot stop grinning right now. + +Just wanted to share with this friendly group, and collect a few GFYs. + +[Edit: Thanks for all the lovely GFYs, dear friendly strangers! That’s definitely more than a few] +People who plan on getting into RE be ready for a rollercoaster ride. It's not easy , its semi passive, books will teach you one thing but it'll be different experience out in the field. You won't get rich overnight but will you accumulate wealth. It will be a lonely road but totally worth it. Stay hungry , stay motivated and keep on investing. +I recently saw that Brian Chesky, Airbnb’s CEO, is giving up his Bay Area residency to live in Airbnbs full-time. Obviously this has a tinge of PR given it’s only Airbnbs, but it made me interested to hear from others in the group. + +I know many of you have second and third residences, but have any of you opted for less/no permanent residencies and a much higher percentage of time in hotels, home rentals, etc? If yes, how is it going? How is it impacting your wealth accrual? +A buddy of mine asked to come stay with him over the weekend in a city about two hours away. Having nothing better to do I agreed. In the past it's been going out for beers, pub food and a normal weekend of expenditures. But recently the trips out of town have gotten more and more expensive. As I was about to leave he said to bring a Blazer, which I only have a suit from a wedding. When I asked why he said we are going out to so and so place for brunch to meet some people and the require a jacket to get in. Well I looked the place up and the first thing on the menu is a 30 dollar stack of pancakes. It's not that I can't afford it, but that I don't want to. What is the best way to deal with hanging out with people who make double your salary without sounding cheap. +Investing 20k per month in SIPs (75% equity, 25% debt). Planning to buy stocks of Indian Oil, Vedanta and Balaji Amines. This is based on my 1 week research that Indian Oil will play a big role in setting up EV infrastructure in India, Vedanta is expanding into semiconductor market and Balaji Amines is a good chemicals company that is not too overpriced. + +I know no one can predict the market but looking for general thoughts if I should wait few months before investing and if the above options are good. +i’m 21 years old and have saved up €16K. All of that money is sitting in a german girokonto doing nothing for me. I have no experience with investing and am lost as to where to start. + +I heard ETFs like S&P 500 are the way to go, but I don’t yet understand what to do with this information. + +Any advice, resources and help are appreciated. +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. +**TLDR**: the Porsche family is getting full control of Porsche the company literally for free. This is the main reason for the IPO. The way the IPO is structured will hurt VW and gullible investors buying into this. VW and its long-term strategy are thrown into disarray. + +**TLDR (with light details):** + +1. The Porsche family already owns a significant chunk of both VW and Porsche companies. But they want full control of the Porsche company. +2. They ousted the CEO of VW on a pretext and forced the IPO that benefits only them. +3. The family will get additional 25% of the Porsche, which will give them full control of the company. +4. The family is not paying a market price for 25% stake. In fact, they are not paying at all, because they forced VW to pay a dividend from the IPO proceeds, which the family will get by being a shareholder of VW. +5. Shares available to the public during the IPO are all non-voting. + +**Long story** + +The way the IPO is organized is a disgrace, and if the German government allows it to go through as is, I will have no faith in making long-term investments in German stocks anymore. + +If this is legal under German laws, then I'm not buying. If this is illegal and they don't do anything, I'm not buying either. + +To understand what and why is happening you need a little context, so here it is. + +The Porsche family lost control of the Porsche company during the 2008 financial crisis. They wanted to buy VW but ended up in a weird financial situation where they instead had to give up control of Porsche to VW but got a controlling voting stake in VW. + +The ownership structure is complicated, but in a simplified form it looks like this: + +>The family -> Porsche Holdings -> VW company -> Porsche company + +The IPO will make it look like this: + +>The family -> Porsche Holdings -> VW company (>50% of voting rights) +> +>The family -> Porsche Holdings -> Porsche Company (>50% of voting rights) + +The money flow is like this: + +>The family “buys” 25% of voting shares from VW below market price with no competition. +> +>VW pays 50% of IPO proceeds as dividends. +> +>The family gets its money back from VW in the form of dividends. + +This IPO would be a disaster even during normal times. VW is losing its best cash cow, for half the price, and the price is below market rate. But it’s happening during one of the worst times for IPOs ever. The stocks are in a global downturn, hammered by inflation, rising rates, quantitative tightening, supply chain issues, and ongoing war in Ukraine, which amplified all of the above and added energy crisis on top of that. Germany is in the worst economic situation since the fall of the Berlin wall. + +This is not the right time to IPO a luxurious brand. However, this is the best time for the family to get their favorite asset out of VW. From their perspective, the less money IPO makes, the better. This conflict of interests is as bad as it gets. + +IPO shares available to the public will be useless non-voting shares for gullible investors, who do not understand what they are buying. Think SNAP or GOOG. But it gets worse. + +Let’s remember for a moment, that VW was not a good company for a long while. It ended up in a “diesel gate” scandal, had to pay enormous fines, as well as to change its CEO. This turned out to be a blessing in disguise, because VW got a good new CEO, had to reinvent itself by becoming more environmentally friendly, and thus started an early transition into EVs. + +VW is already a top seller of EVs in Europe and rapidly growing its market share. It has a vast portfolio of cars ranging all segments, from the cheapest economy cars to the most luxurious ones, of which Porsche is the main brand. Platforms within VW are interchangeable, they use the same tech across multiple brands to achieve synergy. + +Now, if you take Porsche out, these plans are thrown into disarray. On top of that, both Porsche and VW will have the same CEO, answering to the same family. Which company do you think he will prioritize more when it comes to that? + +What’s more, the transition to EVs was not going smooth already. There are issues with software, which VW was never good at historically. And the labor unions were very unhappy at the potential loss of jobs (because you need less jobs to make EVs). The family seized on this opportunity to oust the CEO under a pretext that the software was delayed, and the labor unions supported the change to get their job guarantees. + +The labor unions now expect to keep their jobs, meaning VW will have to keep combustion engine factories operating for longer for no economical reason. This is good for workers, but a disaster for investors in VW. The family got their IPO, which is good for them, but also a disaster for investors. And the new CEO has no experience in building software whatsoever with no sound plans to address the problems. + +The right change for VW would be to hire an experienced executive VP from one of the major tech companies in the US and improve their software development culture. There was no need to change their CEO, especially considering that VW was transitioning to EVs better than all of its competitors. But, oh well. + +**My positions:** + +I owned VW stock for a while and sold at \~2x profit after the war in Ukraine started but was planning to buy back later. Now, however, if the IPO goes through, I’m not touching this stock, or any other German stocks for that matter. +I am a 15 year old in high school and I recently got $125, I don't just want to waste it on clothes or snacks (idk) and I want to find a way to invest this amount somewhere worthwhile. + +Can anyone give me advice on to where I should invest this money and how? + +Thank You, sebasdboss +Hey all, long time lurker, first time poster (throwaway acct) + +TLDR; I sold my company for $10M last year and feel completely lost. + +Context: +I’m 32 and started a tech company in 2019 (after years of trying many other ideas) and sold it in 2021 for $10m. I live in the UK but the deal was in $. + +- I owned 85% of the company (took some investment) +- $6M cash (1.5 went to investors) +- $4m in reverse vesting shares in the acquiring company (25% clawback for every year early I leave) +- Acquiring company (US based) is a large private tech company. + +Since selling I’ve started feeling lost. I’ve seen others touch on this in some posts too so wanted to get this off my chest also. + +For the first 12 months post acquisition I got stuck into the new setup and did plenty of things like: +- got married (already planned) +- Bought a house +- Bought my dream car +- Did a full body health check to check I wasn’t dying of something + +But now ~18 months after the sale. I get almost depressive phases of “wtf do I do with my life now”. + +A note here that I have a weekly therapist that I chat to about all of this. She even said she’s almost witnessed me go through the 7 stages of grief. + +A founder in a similar situation recommended I read the “What’s Next: The Entrepreneur’s Epilogue and the Paradox of Success” from Yale which was interesting as it talks about how many founders feel the same. With not many peers to talk to, you feel a loss of structure, meaning and identity. + +- Structure - rhythm and pace of life +- Meaning - a clear purpose +- Identity- Being a founder/CEO + +(Recommend reading the PDF!) + +I don’t feel like I’ve lost my baby or anything really as starting a business, to me, was a means to making money. And I’d only spent a couple years on it so wasn’t emotionally attached as if I’d spent 10 years on it. + +I don’t know that I want to start another company, especially any time soon. I do love figuring out how to build stuff though. + +The acquiring co is great and I have a very very easy gig there. Probably have to put in like 10-20 hours of work/week. I really like the company and founder. There’s getting more and more of the “bigCo” fluff seeping in now though with processes, go through this person to get through this person to do this tiny thing etc. They’re on a path to IPO in a few years and my shares could be worth many multiples of the $4m. If I left I have no idea what I’d go and do. I don’t really have enough $ for the kind of lifestyle I want. Everyone around me thinks I’m ridiculous for even thinking of leaving before 4 years is up. But 4 years is twice as long as the company was even around haha! Opportunity cost of me leaving is huge but I can’t feel like this for another 2.5 years. I can definitely make it to 2 years and want to make it easily to 3 at least. + +I want to be happy just chilling out and relaxing at this phase but feel like my brain has been trained, by me, to move quickly and do shit. It feels like I lack a new goal - while my previous one has been met. And probably feeling a lack of fulfilment. + +I’ve been toying with many other little ideas but just lack the motivation to do any of it. + +I’ve had a few zoom chats with other founders in similar situations and, although discussing often negative situations, I’ve gotten energy from those calls. + +I’d love to know if others have felt similarly and what their journey back to energy has been like. What are things you’ve found helpful? + +P.s. Sorry for the long post but wanted to throw it all in there, apologies if I’ve posted incorrectly in any capacity! + +EDIT: thanks for all the suggestions so far. There are themes in these answers which I kind of knew but it’s definitely drilling it in when so many of the responses talk about the same kinds of activities. That’s been helpful! +https://blog.request.network/request-network-partners-with-digix-to-allow-invoicing-in-gold-39417eeb74c5 + +**This allows anyone in the world to digitally send and receive invoices which can be paid with gold.** +Always read if you bought Apple 10 years ago at xxxx it would be worth xxxx today. People assume it was luck or smart to buy then and easy hold with how the solid company is. + +I read thousands of articles over the years saying Apple peaked, Android has caught up, techs dated, price to high, sales down...you name it. Holding long is hard is the point, no matter the company. Whether it’s negative press, stock down or stagnant too. + +Apple brand is why I held, they withstood some bad years with making non innovative products due to loyalty and branding product so well. + +And that’s why I’m also long on Tesla, Netflix, peloton....over valued or not. The company to perfect a product first and build a following is tough to over throw, if they stay innovative. +I know you most get questions like this all the time but I truly am starting to feel like my life is ending almost to the point of going crazy. I grew up in an orphanage and had a string of bad luck and abuse and laziness/depression on my part has left me at 25 with no job experience or any qualification. Recently I got a factory assembly line worker through an agency but they constantly hire people for a month or two then replace them so I am not banking on it lasting forever, it is currently 5pm to 2am Monday to Thursday, 36 hours a week at £10 an hour. My life has been pretty rough so to be honest I find myself being happy with this but I also want to improve my future but I don't know how. If I leave work and retrain I won't have had any money through my entire 20s as to get gcses, then access to uni course then degree would take me until I was atleast 30. + +I feel like I am rambling so my question is starting today, what should I be aiming for to have a job that pays 25k+ by the time I am 30. I would do any job, work any hours, risk my health etc. Sorry for not explaining myself right I just really need help, I don't expect or think I deserve a good paying job I just don't know what job to aim for and what I should be doing to get to that point. + +Also this is unrelated but something I have been looking into recently but I never knew I could afford a house. On minimum wage or if everything goes well with my current job I can make around 18 to 20 thousand a year, with a 4x mortage or 4.5x mortage i could get around £80000. The houses I see in Belfast for that price in my opinion look amazing and I would love to own one. What confuses me is I don't understand how that would be possible for me to get a mortage on a nice house with my wages and just my luck in life. Am I missing something important or could I realistically get a £80000 house by time im 28 on minimum or abit above wages, I can save around £4000 a year or more with ISA. + +Edit. Just seeing the response now I am at work but I will be reading all the advice after and I really appreciate the response I got and I hope you all have a great life and stay safe ❤ +So, recently my apartment complex was bought by a different company. Days before this, I resigned my lease at $1181/month. + +The new rate for apartments is $1580/month, which is what they're trying to charge me. I know that I am not legally required to pay that. + +I went into the leasing office 2 days ago to get this sorted out. After arguing with an employee for a bit, she produced my lease which I signed saying my rent should be $1181/month. She said it would be rectified on my payment portal by today, it has not been fixed yet. I will be going back to the leasing office I guess, but I am curious about what to do if it does NOT get fixed by today. + + +Should I + +A: make the "correct" payment of $1181 + +B: do nothing until this gets fixed on their side + +C: may the "full" payment of $1580 and expect it to be credited to my payment for next month to avoid "late" fees. + + +Note, I am position there are no other fees or anything that makes my rent look higher for just this month. They already acknowledged my rent should not be this high. + + +Update: I emailed the leasing office today that I had sent the rent for the correct amount and politely asked once again, that they fix my rent just so that I had this in writing. + +They fixed it within 30 minutes after that. There will be no legal battle thank god. Thank you Reddit. + NFT tickets will be the next frontier of adoption for blockchain and crypto. Last week Yourticketprovider announced that it would turn its 2 million tickets sold annually into NFT tickets. + +**Interest of NFT tickets in the ticketing industry** + +In the ticketing industry, NFT tickets have recently gained a lot of popularity. **Mark Cuban and Ted Leonsis (NBA team owners)** both see the added value of NFT tickets and want to turn their tickets into NFTs. Additionally, major ticketing companies like **Ticketmaster and Seatgeek** are actively working on implementing NFT ticketing. Ticketmaster recently launched a FAQ for its NFT ticket marketplace. Seatgeek hired a blockchain executive as VP of engineering and Seatgeek plans to roll out NFT ticketing for the NFL and NBA. Furthermore there is interest from non-crypto institutional investment funds in NFT ticketing and GET protocol (an NFT ticketing solution). **Barry Ritholtz** (founder and chairman of **Ritholtz Wealth Management, 2.3 billion** assets under its management) wrote about the topic in his personal blog. + +**Benefits of NFT tickets include:** + +**Increased profitability -** Total control and insights over the primary & secondary market. Take in the profit that would have gone to scalpers. + +**Collectible** \- Tickets become tradable digital collectibles (NFTs), with a variety of awesome possibilities for fans & event organizers. + +**Unrivalled data** \- Clear, verifiable data on ticket ownership, vastly improving marketing efforts. + +&#x200B; + +[Benefits of NFT ticketing](https://preview.redd.it/xbojxtbmjun71.png?width=875&format=png&auto=webp&s=af3400f6b023e4e8f76217d3a77c4cb87ba86b09) + +**Adoption** + +Youticketprovider partnered with GET protocol this week to turn their **2 million tickets sold annually into NFT tickets**. Yourticketprovider will use the digital twin product that allows ticketing companies to easily integrate NFT ticketing. **GET protocol** is one of the main projects developing and selling NFT tickets. So far 9 ticketing companies are using the white label product of GET protocol. In total more than **800k tickets have been sold using GET protocol**. Ticket sales have been limited the past 1.5 year because of the global pandemic. I expect that the NFT ticket sales will see exponential growth as restrictions for events will get lifted globally. + +What I personally like is that all ticket sales can be easily checked and verified on chain using the NFT ticket explorer. + +NFT ticket explorer: + +[https://explorer.get-protocol.io/](https://explorer.get-protocol.io/) + +&#x200B; + +[NFT ticket explorer](https://preview.redd.it/krdbbfykjun71.jpg?width=862&format=pjpg&auto=webp&s=707ae604e9309d671e1ef8e9a2f7fcda45f5999e) + +**Crypto Partnerships** + +**Polygon** + +GET protocol switched from Ethereum to polygon this year. Polygon was necessary to scale the NFT ticketing solution efficiently + +**Chainlink** + +Last year GET protocol integrated Chainlink’s verified randomness tool. For popular events ticket buyers can verify that their place in the que was determined in an honest and transparent way + + + +**Sources:** + +**Coingecko GET protocol:** + +[https://www.coingecko.com/nl/coins/get-protocol](https://www.coingecko.com/nl/coins/get-protocol) + +[https://www.get-protocol.io/](https://www.get-protocol.io/) + +**NFT ticket explorer:** + +[https://explorer.get-protocol.io/](https://explorer.get-protocol.io/) + +**Ted Leonsis** + +[https://sports.yahoo.com/ted-leonsis-sees-blockchain-future-095533212.html](https://sports.yahoo.com/ted-leonsis-sees-blockchain-future-095533212.html) + +**Mark Cuban** + +[https://finance.yahoo.com/news/billionaire-mark-cuban-wants-turn-151934328.html](https://finance.yahoo.com/news/billionaire-mark-cuban-wants-turn-151934328.html) + +**Seatgeek** + +[https://sports.yahoo.com/seatgeek-talks-roll-nft-prototype-095538749.html](https://sports.yahoo.com/seatgeek-talks-roll-nft-prototype-095538749.html) + +[https://sporttechie.com/seatgeek-hires-blockchain-executive-as-vp-of-engineering/](https://sporttechie.com/seatgeek-hires-blockchain-executive-as-vp-of-engineering/) + +**Ticketmaster NFT ticket marketplace** + +[https://help.ticketmaster.com/s/topic/0TO6Q0000000xDgWAI/nft-marketplace-support?language=en\_US](https://help.ticketmaster.com/s/topic/0TO6Q0000000xDgWAI/nft-marketplace-support?language=en_US) + +**Barry Ritholtz on NFT ticketing and GET protocol** + +[https://ritholtz.com/2021/04/smart-tickets-creators-capturing-secondary-market-sales/](https://ritholtz.com/2021/04/smart-tickets-creators-capturing-secondary-market-sales/) + +**Yourticketprovider news 2m NFT tickets** + +[https://www.iq-mag.net/2021/08/your-ticket-provider-nft-ticketing/](https://www.iq-mag.net/2021/08/your-ticket-provider-nft-ticketing/) + +(ticketing magazine) + +**Polygon partnership** + +[https://medium.com/get-protocol/scaling-the-nft-ticketing-use-case-globally-get-protocol-x-polygon-7d5094864a80](https://medium.com/get-protocol/scaling-the-nft-ticketing-use-case-globally-get-protocol-x-polygon-7d5094864a80) + +**Chainlink VRF partnership** + +[https://medium.com/get-protocol/get-protocol-integrates-chainlink-vrf-to-further-improve-blockchain-ticketing-solution-864c7056e73d](https://medium.com/get-protocol/get-protocol-integrates-chainlink-vrf-to-further-improve-blockchain-ticketing-solution-864c7056e73d) +I've been extremely motivated to increase my salary and have been all over the job market the past couple of months. I found a position at a new company that is an amazing fit for me, plus it would have been approximately a 34% raise. I asked the recruiter for the employee handbook and discovered my health insurance costs would increase about 112% from $163.72 per pay period to $347.35 per pay period (both figures include myself + spouse + child). This increase in costs would have in fact eaten about half of my raise. I've decided to decline the offer and I am instead in the middle of the interview process for a management position at my current company. At most, the pay increase will be 25%. However, the cost of my benefits won't change and I'll get to pocket the entire amount of the raise. Just something to think about. In the event you're leaving your job to take a higher salary, ask to see the employee handbook and cost of benefits before you become too invested. + +Edit: Mathematical error was pointed out and corrected. + +Other specifics to consider: + +* Co-pays and deductibles of plans +* Pension/401k plan/employer match +* Success sharing +* Employee stock purchase program +* Tuition reimbursement +* Commute/drive time +* Work environment/culture +* Will you be happy? +* Will this be good for your career in the long run? +* Any other miscellaneous benefits +I’m kidding, I have nothin to brag about. In fact, I’d bet 9/10 people on this sub are much smarter than I am. I just wanted to say I finally completed my first bot. It’s something I’ve wanted to do for over a year but finally decided to take the plunge with my 2015 macbook. A month ago, I didn’t know what and IDE was and had some coding fundamentals from VBA at work. After hours of google searches and youtube videos, tonight I finally started a daily crontab run on an AWS ec2 free tier with my python code hooked up. My API is binance for data and I’m using robin-stocks for my robinhood account. Everyone here has been SUPER helpful in my little journey, so thank you all a million. I’m sure there will be a few bugs but it feels fricking great to have it going live. It feels like a huge personal achievement for myself but people that don’t know much about algotrading wouldn’t really know what I’m so happy about. So I figured I would just share with y’all, even though it’s just one bot that will probably lose money. +...What luxuries in life contribute to your overall sense of happiness and wellbeing? I’m genuinely interested in what luxuries you spend your money on that you really really think are worth it. + +For me: + +Having a house cleaner that comes once a week means that my wife and I only need to do minimal housework during the week which frees up time and lowers our stress. + +Being able to travel and take awesome vacations. Not right now for a obvious reasons, but flying first class and staying at really nice hotels and being able to afford to eat any restaurant we want to reminds me why we work so hard. + +Being able to be generous. Picking up the bill at the restaurant. Paying the bar tab. Not thinking twice about buying a gift for friends or family. Taking the family members on vacation with us. It just makes me feel good to be able to do so. + +The general feeling of security. I grew up poor. I had to constantly worry about money through my 20s. My wife and I now now make around 420k per year combined and have taken our net worth from negative 200k to a little over 1 million in the past 8 years. It’s nice to not lie awake at night worrying about bills anymore. + + +No judgment guys. Whether it’s the finest booze, fancy cars, boats, or a private jet. I just want to know how you feel it improves your life. +" Company repeatedly misapplied loan payments, wrongfully foreclosed on homes and illegally repossessed vehicles, incorrectly assessed fees and interest, charged surprise overdraft fees, along with other illegal activity affecting over 16 million consumer accounts " + +[https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-wells-fargo-to-pay-37-billion-for-widespread-mismanagement-of-auto-loans-mortgages-and-deposit-accounts/](https://www.consumerfinance.gov/about-us/newsroom/cfpb-orders-wells-fargo-to-pay-37-billion-for-widespread-mismanagement-of-auto-loans-mortgages-and-deposit-accounts/) + +Have to feel this is material to earnings going forward. +Hi, I’m currently a sophomore in college majoring in accounting and wanted to know if anyone has worked in a career full time whilst also pursuing REI? +I'm just starting to get into this but am noticing that there's a lot of people with social media presence that are marketing doing BRRRR and investing in real estate. Lots of active people on social medial have podcasts, youtube videos, local meetups, offering seiminars, instagram posts providing free education on this subject. + +They are always talking about financial independence, exiting the rat race, monthly cashflowing properties. + +I don't mind the free material and some of the podcasts are indeed good and provide value. I'm just wondering if there's an alterior motive behind this. My only thought is that they are trying to sell you something or are trying to raise money by getting capital joint venture partners because they are tapped out in financing further properties themselves. + +The ones that do weekly podcasts/youtube videos spend a lot of time and effort on this. And some are really good and don't directly try to sell anything. What's the motivation of spending all this time and giving away all this free material if that just creates more investors into your market? +DW8 released a company update today, which showed a staggering 580% month over month (MoM) growth. Much wow, many impressive! + +Except they didn't achieve 580% MoM growth, they actually had negative MoM growth. + +**Here's what DW8 published:** +The Company is pleased to advise that WineDepot shipped a total of 23,006 cases in April, up 580% on the same month last year (MoM). In total 9,215 orders were processed in April up 350% MoM. + +**Here's the definition of month over month growth:** +Month-over-month (MoM) growth shows the change in the value of a specific metric as a percentage of the previous month's value. + +**So what does this mean?** + +DW8 have put out a report advising MoM is up 580%, which to your average retail investor looks amazing. Except it's a total fabricated lie. Whilst they haven't published the true month over month data (deliberately, it would seem) [their graph](https://imgur.com/JO2W549) shows that total orders processed was down from roughly 13,000 in March to 9,500 in April (down 27% MoM). Total cases shipped was down from 25,000 in March to 22,500 in April (down 10% Mom). + +Whilst this may seem like an innocent mistake, this is the sort of fundamental stuff you learn in year 10 accounting. Month over Month growth is one of the most important metrics that startups use to track user uptake, and more importantly, company valuation, as this is the sort of thing you then show to investors for your Series A, Series B or Series C funding when you're a new company. DW8 know what MoM means, they've simply published this update hoping that retail investors don't know what MoM means, and as such they can turn their -27% MoM into a much better looking 580% MoM (compared to last year). + +For a company that deals exclusively in the tech startup space this is nothing short of intentional fraud. If you went into a meeting with investors and told them you had 580% MoM and then showed that graph you'd be laughed out of the building. Caveat emptor for anyone holding DW8, as they aren't doing nearly as well as they pretend they are. Is it not scam dream? +Today’s price movement seems unnatural right? The volume is also unnaturally high for this time of day and with this type of downward movement. + +Why is this happening?!? (You might ask!) + +It has to be Kenny and Co creating more synthetic shares! (you exclaim) + +While this could be a possibility there is another much more likely reason. + +I think back to April when GameStop was doing their first offering of 3.5 million shares. While this was happening, there was just a downward force that felt like it couldn’t be stopped. We all hypothesized that Kenny and Co were up to their normal fuckery only to find out a week or two later that GameStop had completed its offering over the course of that dip. + + +THE SAME THING IS LIKELY HAPPENING NOW. + +GameStop announced yesterday that they could potentially be issuing 5 million more shares to raise capital and strengthen the balance sheet. + +On the 8-k there was another caveat that many apes PROBABLY have missed. This being the MAXIMUM offering price of $255.50. + +Now, I’m too smooth brained to tell you what goes into coming up with this maximum offering price, BUT what I can tell you is that it is on there and you can look for yourself. + + +My theory: + +GameStop is currently doing their offering which is bringing the price down to $255~ range so they can sell their shares and collect the capital now before the rocket takes off. If they were to do it later, it could hinder the rocket much harder. So the sooner they tear the bandaid off the better. + +- I ALSO believe GameStop and papa Cohen anticipated a short attack by Kenny and Co after earnings, which would create a downward momentum and create the perfect opportunity to sell their shares at $255 market price to retail and long institutions (unlike the movie stock who sells directly to short hedge funds) + +With this capital they can make hype acquisitions and great business moves that will increase buying pressure as the year progresses. + +This is how we achieve a self fulfilling prophecy (check Tesla 2020 squeeze for reference). + +TL;DR: Everyone just needs to sit back, relax, buy the dip, and hodl. Papa Cohen is playing 8d chess and has got us. + +Edit: after some apes questioned this maximum share limit, I looked into it more. This limit should be looked as a more of an average of $255. GameStop wants about 1.1-1.2 billion in proceeds from the stock sale. On 5 million shares, that average comes out to about $255. HOWEVER, if they were to make 1.1 billion while only selling 3 million shares then GREAT. BUT, the way the chart is set up right now, $230-270 is like a sweet zone to be able to sell these extra shares to retail apes (keep them out of SHFs hand). If they can get all 5 million shares out today around that sweet zone and come out with an extra billion for acquisitions and business moves, AND SHFs don’t get their hands on more shares, then this is FANTASTIC. + +Edit 2: Link to offering details: https://news.gamestop.com/node/18961/html +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! + +As per SEBI guidelines, the cut-off timing to place a mutual fund order is 3 pm for the non-liquid funds. More details: [https://www.amfiindia.com/importantupdates](https://www.amfiindia.com/importantupdates) + +But Zerodha Coin forces mutual fund investors to place order by 1:30 pm. One and half hours prior to the closing window. If you place an order at 1:31 pm your order would be processed the next day only, even if SEBI allows you to place an order till 3 pm. + +This is a sheer violation of investors' rights. +Sold my business, I'm single 38 y/o, I have too much free time and no friends who have time or money to hang out. +How do you find and trust new suited friends? +Does anyone else here treat BRK.B as “basically” an ETF as I do? + +Obviously it’s not an ETF, I just mean in how it’s a collection of stocks with a clear strategy led by the goat investor. +You have 51M followers on Twitter and you are seen as one of the most inspiring heroes of this century. People trust you and see you as a leader. But with the FOMO you are generating on Doge (and the related pump) you are gonna hurt A LOT of people and this is no good for the crypto world. This is no good for the people who are creating the future of the FinTech. This is no good for our visibility. + +Let’s be honest here, “dumb money” and new retail investors are approaching the crypto world with doge right now, putting there their money and I’m afraid also their life savings. New joiners have no clue of how mean can be volatility, especially on a coin like this. They don’t know what to do, they don’t have an exit strategy. They just see green, +200% and your tweets. They are gonna lose money, blame crypto and flag it as a scam. Once again. Please, know what you are doing. + +Doge army is gonna downvote like crazy, but I’m pretty sure I’m not the only one being worried about this. + +Update: small edits, typos +Ok, I continue to see misinformation being spread in this sub that shorts are benefiting from these zombie stocks. It's not true, and if it continues, can intentionally/unintentionally be spreading FUD to Apes, making them think SHFs are somehow in control of this and able to continue dragging it all out. + +Let me be clear that this is not the case. + +I've received numerous requests to cross-post DD I've been linking in my comments on this matter. Here's an excellent DD on the zombie stocks. This DD is not mine, all credit goes to [u/Tripartist1](https://www.reddit.com/user/Tripartist1/) ( [https://www.reddit.com/r/amcstock/comments/phm879/lets\_clear\_some\_thing\_up\_about\_zombie\_stocks/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/amcstock/comments/phm879/lets_clear_some_thing_up_about_zombie_stocks/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) ) + +DD pasted below (edited for compatibility for r/Superstonk): + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +I have seen a lot of contradicting information today on these stocks and I'd like to spark some real discussion and critical thinking on the matter. I firmly believe there is FUD and narrative pushing going on because we've uncovered some REAL skeletons this time. "they're pumping to increase their books bc they're long these stocks HERR DERRR". Yeah. I call shill. + +So, here is what we know: + +* So called "Zombie Stocks" have run ups at or prior to periods of high buying pressure on GME +* "Zombie Stocks" are not publicly traded (but this doesn't mean YOU can't buy them. More on this later) +* SHF will short companies they believe to be dying, into oblivion, likely creating many times the float worth of synthetics with complicit MMs +* The lower the share price of a shorted stock, the more money they make on the short +* Taxes do not need to be paid until a gain is realized + +Let's start piecing this together with a short timeline scenario... + +Blockbuster denies a purchase of Netflix, starts losing market share, streaming starts taking off, things look grim for it's business model. SHF see this as a prime opportunity to make some easy money, they short the company into the pit. The ultimate goal here is to drop the share price to under $1/share. Why? Well, take a look at the requirements for being listed on a public exchange ([source](https://www.nyse.com/publicdocs/nyse/listing/NYSE_Initial_Listing_Standards_Summary.pdf)): + +&#x200B; + +https://preview.redd.it/d227nnczqpl71.png?width=925&format=png&auto=webp&s=7efe6d130132af3217aac4228334273cbcf03b36 + +NYSE Requirements + +As you can see, there are quite a few requirements that need to be met to get listed, and the same goes for STAYING listed. From [Investopedia](https://www.investopedia.com/ask/answers/09/stock-delist.asp): + +>Listing requirements vary from one exchange to the next. For example, on the [New York Stock Exchange](https://www.investopedia.com/terms/n/nyse.asp) (NYSE), if a security's price closed below $1.00 for 30 consecutive trading days, that exchange would initiate the [delisting](https://www.investopedia.com/terms/d/delisting.asp) process. Furthermore, the major exchanges also impose requirements related to [market capitalization](https://www.investopedia.com/terms/m/marketcapitalization.asp), minimum [shareholders' equity](https://www.investopedia.com/terms/s/shareholdersequity.asp), and revenue outputs. + +Cool. So if they can increase supply and distort a company enough to drop it under $1 for more than 30 days, it gets delisted. What's the point of getting it delisted? Well for one, there is a stigma around delisted stocks. They are much less likely to get investments from institutions, they can't be added to indexes, exposure to buying pressure is greatly reduced. + +Are you seeing the benefits yet? Once a stock is delisted it GREATLY reduces risk in the short position. But we still don't have the full picture yet. So let's continue our timeline. + +Blockbuster goes bankrupt, SHF succeed in getting them delisted, they hold massive short positions, potentially as much as $30 per share in profit. If they did to this company like we suspect in AMC/GME, then we are talking potentially 100s of billions of $$$, ON JUST BLOCKBUSTER ALONE. This is where taxes come into play. Since you don't pay taxes on unrealized gains, if you don't close your position on these dead stocks you never have to pay Uncle Sam. The question now becomes, how is this position useful/profitable if you never cash out? + +Meet leverage. When buying on margin, **UNREALIZED GAINS CAN BE USED AS LEVERAGE** ([Fidelity](https://www.fidelity.com/learning-center/trading-investing/trading/understanding-benefits-risks-margin)): + +>If your portfolio is dominated by a large block of stock from one company, such as a current or former employer, you could be putting too many eggs in one basket. **With a margin account, however, you may be able to use those shares as collateral for a margin loan. You can then use the loan proceeds to diversify your portfolio without having to sell your original shares of stock. This strategy can be particularly helpful if you have a large unrealized capital gain and want to keep it that way.** + +If you close your position, you are cutting your collateral for margin into fractions of what it could be by keeping these positions open. Why pay $50b in taxes on a $100b short position when you could use $700b on margin with that same position. Is it starting to make sense yet? + +So, this is all bullshit, sure, but how does it tie into GME? That is the question everyone is asking. We know they LOVE trading on ungodly leverage ratios, 7:1 or even more, and we now know that these positions on Zombie Stocks are likely contributing to a YUGE percentage of their margin collateral... + +So, what happens when one of their short positions becomes unmanageable, but they can't close that position without fucking themselves? Well, they start getting calls. Yep, *those* calls. And to satisfy those calls, liquidation has to take place. The runups we are seeing on Zombie Stocks are the CLOSING OF THOSE SHORT POSITIONS. + +As we have all learned, to close a short position, you must buy the share back and return it to the lender. But wasn't the stock delisted and no longer publicly traded? How do you buy a stock which isn't publicly traded? + +Welcome to the OTC Markets ([Fidelity](https://www.investopedia.com/terms/o/otc.asp)): + +>Over-the-counter (OTC) refers to the process of how securities are traded via a [broker-dealer network](https://www.investopedia.com/terms/b/broker-dealer.asp) as opposed to on a centralized exchange. Over-the-counter trading can involve equities, debt instruments, and [derivatives](https://www.investopedia.com/terms/d/derivative.asp), which are financial contracts that derive their value from an underlying asset such as a [commodity](https://www.investopedia.com/terms/c/commodity.asp).In some cases, securities might not meet the requirements to have a listing on a standard market exchange such as the [New York Stock Exchange (NYSE)](https://www.investopedia.com/terms/n/nyse.asp). Instead, these securities can be traded over-the-counter.1However, over-the-counter trading can include equities that are listed on exchanges and stocks that are not listed. Stocks that are not listed on an exchange, and trade via OTC, are typically called over-the-counter equity securities, or OTC equities.2 + +You see, being delisted doesn't mean you can't trade the stock. It means you need to jump through a few hoops to do so. Most reputable brokers have some way to trade these securities, whether that means calling and talking to someone on the phone, or using their mobile app, or opting into "penny stocks". The important thing here is that **you can buy (and sell) these stocks.** + +So SHF start buying from OTC markets to close these short positions on Zombie Stocks to sure up the books, and this causes a small run up of price due to the bid-ask spread in OTC markets being very wide usually. This means when we see runups in zombie stocks, **they are under financial stress.** + +So now when you see this image, does it jack your tits ([r/Superstonk](https://www.reddit.com/r/Superstonk/comments/ph3bfr/zombies_found_thousands_of_otc_stocks_correlating/))? + +&#x200B; + +https://preview.redd.it/avjiatczqpl71.png?width=1153&format=png&auto=webp&s=96a5e46daa562dafc2489ee841d76e87a70b200d + +&#x200B; + +Zombie Stocks '21 + +When you realize they have done the same thing to Toys'R'us, RadioShack, Sears, etc... It all starts making sense. + +Remember how [Jim Cramer compared GME to Blockbuster](https://www.msn.com/en-us/money/smallbusiness/why-jim-cramer-compares-gamestop-to-blockbuster/vi-BB1bN56n)? + +Or how about Ryan Cohen tweeting about [Blockbuster](https://twitter.com/ryancohen/status/1346943412663177218) and Sears? + +&#x200B; + +https://preview.redd.it/8l31v5fyqpl71.png?width=1280&format=png&auto=webp&s=adc290f88be7e59972754b8a1b66103decf1f750 + +RC Sears Tweet + +Apes are shedding light on the literal foundation of the SHF business model. And we've been getting hints the whole time... + +Bonus: Who remembers the amendments to Rule 15c2-11? Changes to OTC markets to take effect this month? Limit buying of OTC stocks? Prevent brokers from pushing OTC quotes? Now, I'm not saying there's anything here, but it definitely FEELS like preventative measures.. You wouldn't want millions of Apes piling into a stock at $0.005 per share when you have billions of shorts there now would you? + +\[End\] + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +As u/Tripartist1 notes, "zombie stocks running up could be an early sign of MOASS. Margin calls force them to close these positions to satisfy the call, which causes a price runup on the OTC markets. When we start seeing a lot of action here (which historically happens around price spikes and ATHs in GME) its a good indication that dominoes are starting to fall." + +&#x200B; + +Also, SHFs have been shorting all those stocks for a long time, they played the same game with Sears just like GME: MSM propaganda was rampant on Sears back then... + +https://preview.redd.it/4j3inedhtpl71.jpg?width=1125&format=pjpg&auto=webp&s=480768b55aace99961a03e4c0d3a6943772456d0 + +For someone to be saying they're long on Sears instead of short, it's like saying that they're long on GME. Yeah, like by a little, but still tons and tons of shorts that they never intended to cover. + +It's the same as saying SHFs profit when GME goes up, when the exact inverse is happening. They've got mostly shorts; it's hurting their collateral. + +Their intention was for the zombie stock to go to $0 and finally die after bankruptcy court liquidated all their assets for creditors. That way, it’s all free money & they pay no tax on profits. As such, these zombie stock spikes hurt their balance sheets. + +The price of Sears is about 40 cents right now. + +Hypothetical simplistic model: + +Let’s say a company shorted Sears using synthetics and 10 million shares, helped get it delisted from $70 to few pennies. They don’t want to cover. They got free money. But if they have to now cover 10 million shares and it squeezes from $.1 to $.4 they lose 4 million or so. Small SHFs with only maybe 100 million in cash reserves are screwed. Now take Sears and multiply it by hundreds of zombie stocks doing the same thing. This is hurting SHFs heavily. + +Now, some have been asking why zombie stocks spiked up in January. I believe I may have an answer. + +When GME had its first gamma run spike in January, that caused a giant wave of spikes in other stocks. I was thinking it could be retail hype, but it's more likely that tiny SHFs got margin called and were forced to cover some shorts in the zombie companies. That GME gamma run in January hurt a lot of SHFs (e.g. Melvin Capital), and since many of them had shorts in those bankrupt companies at the brink of liquidation, and a number likely got margin called, they were forced to cover at least some of their zombie stocks. And why not go for those back in January instead of covering GME, as there was much less attention on zombie stocks anyways. + +What caused the recent covering? + +A number of things. u/jaloosk says, + +"They’re spiking because of forced compliance for a rule change from last year is coming into effect. Many of these HF’s with open positions have short positions open, and they have to buy to close, which raises the price. + +Until now, they could leave the positions open forever, for untaxed, unrealized gains, using those tax-free gains for more margin leverage. Now they have to close them, realize the gains and (hopefully) pay the taxes." + +[https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/](https://www.securitieslawyer101.com/2021/rule-15c2-11-compliance-deadline-draws-near/) + +[https://www.reddit.com/r/Superstonk/comments/phc10s/posted\_for\_visibility\_ive\_tried\_3\_times\_to\_award/hbhfmbg/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/Superstonk/comments/phc10s/posted_for_visibility_ive_tried_3_times_to_award/hbhfmbg/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +u/Criand points out, + +"This could also be the result of UMR phase 5 coming into play as of September 1 which tossed in Initial Margin (IM) requirements for **OTC derivatives**. For entities with >=$8B AANA. Note that UMR is not the measly $250k margin bump that happened today. That's a different thing than UMR. + +[https://www.reddit.com/r/Superstonk/comments/pho33e/shfs\_are\_being\_forced\_to\_cover\_shorts\_for\_sears/hbjy9ky/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/Superstonk/comments/pho33e/shfs_are_being_forced_to_cover_shorts_for_sears/hbjy9ky/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +UMR Phase 5 makes it so that counterparties must post initial margin for OTC derivative trades which is based on theoretical default of the counterparty. + +So, as of September 1, more margin requirements. Potential rug pull on these OTC swaps for many funds." + +[https://www.finservconsulting.com/2019/12/umr/](https://www.finservconsulting.com/2019/12/umr/) + +I believe it's the combination of all this. These regulations recently in effect put serious pressure on them to cover the zombie stocks immediately. UMR Phase 5 reinforced it, bringing their margin under the threshold requirement, begetting margin calls. All these recent events made it unavoidable for them to ignore and wait it out any longer; and as such, they have been covering the zombie stocks. + +TL;DR: SHFs were shorting zombie stocks for years back. They never covered their shorts, nor did they ever intend to. Recently, due to recent regulations and margin problems, they've now been forced to cover their shorts on zombie stocks, which is why you are seeing hundreds of zombie stocks spike at the same time. This could be an early indicator of a domino effect that leaves small cap SHFs collapsing and ultimately forced to cover their GME shorts. + +TA;DR: Hedgies = fked + +Hope this helps! +Just yesterday, I awoke to around 250 members in this sub. I was excited to keep working with r/GME for the foreseeable future. And look what happened... This is incredible. + +First, I am very flattered that this subreddit has become the apes' new home. Originally, this was a fun little side sub while I gave my primary focus to r/GME. It's only about three weeks old, and until the past few days it was primarily populated by pet photos, memes, and Spotify playlists. It wasn't much, but it was a place to be free; to be goofy and weird; and to be serious if we wanted to be. + +Second, this sub kind of EXPLODED so I'd like to be very transparent about what we've done but please keep in mind it's been very, very crazy. Not everything is in its perfect place but we are working daily to bring as much content to you as possible. + +# Introducing our kick-off mod team: + +* u/redchessqueen99 \- admin, Wiki editor, ex-mod of r/GME +* u/rensole \- DD review, Morning News, ex-mod of r/GME +* u/TomatoeHaven \- og mod pre-*Second Great Ape Migration a.k.a. The Apexodus* +* u/DJ_Scoop \- TBD +* u/StonkU2 \- TBD +* u/Bye_Triangle \- Wiki editor, author of [**GME M.O.A.S.S. F.A.Q.**](https://www.reddit.com/r/GME/comments/m4hqkc/gme_moass_faq/) +* u/HeyItsPixel \- DD review, DD author +* u/WardenElite \- DD review, live charting +* u/SuperstonkBot \- Anonymous DD Post-Bot (see below) + +All mods are starting with a mild limit to their permissions that prevents any surprise adjustments to the critical sub settings. u/rensole and I have personally been in chat with each of these individuals setting expectations, suggestions, and sharing experiences. I invite them to leave comments about their honest impression of how things are going so far. + +# Mod Organization + +However, u/rensole and myself have full permissions and we will be operating as a co-unit. I've found rensole to be extremely easy to work with, and we balance each other very well. He is one of the first people I met when I came back to reddit in late January and he's been my friend since. He has always shown himself to be an outstandingly reliable and honest person on top of a very wrinkly brained, diamond-handed ape. I am truly blessed to have been thrust onto this path alongside him and I am honored to have him as a moderator. + +If you are not familiar with how Reddit works, basically there's a mod structure and it's first come first serve. I am the admin of r/Superstonk and, after some quick mod uninvite/invite adjustments, u/rensole will be in the #2 seat. However, we plan to work as a team and create a system that allows not only constant communication and discussion between mods, including disagreements and debate, but also as much autonomy as we can, so that mods are not disabled from taking action when it is needed. + +This is still in development, but we are working on a private channel for posts, polls, reference items, and more, as well as a mod-only discord with several channels. + +In addition, we might do something mildly radical and invite MORE mods into the team, but at lower permission levels - and by "lower" I mean "only posts/comments" or "only wiki." This is still in the discussion stage and please know we may axe some of this if it has problems, but we want to basically allow more apes to contribute at a lower-intensity mod level. For example, we would have a team for reviewing DD and a team for moderating posts/comments. + +I am being as transparent as possible and inviting discussion for everything we do. I want a healthy mod team and we have several awesome mechanisms being currently setup to ensure 24/7 worldwide moderation of this sub. + +Feel free to share your thoughts in the comments for any of this. We're in a whole new sub now and we are getting very creative, so some things may stick and others may need revision. + +# SuperstonkBot + +Okay, I don't want to tease this too much but we are working on something kind of awesome. We have a very talented user (will reveal later) who is working on SuperstonkBot, which essentially lets people submit anonymous DD. + +Let me repeat that. + +**SuperstonkBot lets you submit anonymous DD** (mostly) + +That's right. + +When it's totally implemented and we are sure it works correctly, we will share all the details but here's the basics: + +1. A member submits a title / description through the bot +2. Our team of DD mods reviews the submissions which are kept anonymous, and accepts or declines each post. +3. Accepted posts are posted by SuperstonkBot to the sub with special bot-only flair, so you can use the filter to find all of them. + +*Dox that, Shitadel.* + +Currently, I am making sure the identities actually remain private, and that as a mod team we discuss the specifics of this to ensure it remains anonymous. When we're sure it's safe, we'll post more about it. Some of you have seen "test" posts and that's what this is. Let me know what you think in the comments. + +# Apes Together Strong + +I just like the stock and I diamond-heart 💙 you apes. Yesterday I walked away from r/GME thinking I'd settle down in my little sub and get back to my normal, boring life, and you followed me. I am truly honored and incessantly grateful. I am not used to nearly this much love, so thank you. + +My attitude: I want apes to be safe, connected, and informed. If that means we pre-launch party here, I am beyond honored; if that means we lambo over to somewhere else, I will follow you. I am ape first, mod second; and no matter the sub, I am honored to still be here with all of you. 💎🙌 hold. +I am interested in reading one of Piketty's books (either Capital and Ideology or Capital in the 21st Century...maybe both?), but I am aware that there is some controversy around his model and conclusions (for example, I've read that they are not _wrong_ per se, but simply just one theory among others). + +As someone who is not an expert in this area, I am concerned that reading one of these books will give me a one-sided understanding of the issues they discuss, so I am wondering if anyone can provide any recommendations for books which draw alternative (but well-founded) conclusions on similar subjects, just to keep my perspective broadened. Ideally, I'd be interested in books, but I will settle for papers if that is all that's available. Thank you! +There has been a huge amount of FUD this weekend, attempting to encourage apes to ease off the buy pressure for Splividend week. You will not miss out on the splividend, regardless of what day you buy, between Monday and Thursday inclusive. + +On Friday, our beloved stonk is expected to be trading at a new price to reflect the additional shares distributed on Thursday night. + +Any shares bought tomorrow (Monday), the splividend will be distributed directly to you. You’ll be the very first owner of those shiny new shares! + +Any shares bought on Tuesday, Wednesday and Thursday, the splividend will still be distributed to you, but not directly. The seller of those shares will have to pass on their splividend to you (they receive it directly, as Monday is the record date when the “snapshot” is taken). This is all taken care of by your broker in the background, you don’t have to do anything. + +**Now the juicy bit… any naked shorts sold into the market Tuesday - Thursday, won’t receive a splividend but will still have to pass it on to buyers of their naked shorts**. + +**I believe this is why there’s a huge attempt to discourage buying this week, they’re gonna be at their most vulnerable.** + +The only way they can provide these splividends is by either buying shares, or cooking up a fresh batch of synthetics. Either way, they need as little buy pressure as possible this week. While cautiously optimistic, expect severe fuckery. They’ll be more desperate than ever for you to sell. + +So it’s hugely important not to ease up on buy pressure, and even more important to DRS all new buys and splividends as soon as DRS pathways reopen. + +The only thing affecting apes this week is the DRS gates through brokers are temporarily closed. But once they reopen, let the flood of purple circles recommence. 🚀🚀 + +Edit: Now that this post is gaining some traction, I'd like to add a big fuck you to Ken Griffin. I hope you burn in hell 🔥 +Am I the only one thinking damn, I wish I had more money to invest in ETFs right now, as this recession looks like big discount and markets can't go any lower. + +Or am I too optimistic and everything is doom and gloom? +Last year, I bought a $75k home with 20% down. Mortgage at $600, which was half my rent. But then over the course of 8 months, the house needed surprise repairs (kitchen, furnace, roof). Someone stole my laptop, had to get a new one. My really old car broke down a couple of months ago, and repair cost as much as a down payment on a used car. So I got one for <$10,000. Drove it for a couple of weeks, and someone crashed their car into mine. Insurance declared it a total loss, other driver is uninsured. Had to get another car, with 13% interest on the new loan, but still on the hook for about $3,000 for old car. Even though I live frugally, I’m struggling to get ahead. I’m worried that another expense will hijack me (someone tried to steal my iPhone). And in a couple of months, if work doesn’t get my work visa renewed, I’ll be jobless. Another part time job is out of the question. Yes, my luck has been fantastically bad this year. I net $4000/mth. How do I stop the bleed? +For the past 5 months I have turned $10k into $50k with just put credit spreads and nothing else and it has genuinely been super easy. I take a stock from my large cap watch list that’s on a three month low and set my strikes pretty conservative with 2 to 3 weeks from expiration (usually takes a 5% to 10% drop to reach break even prices) then all I do is collect the theta and rinse and repeat. If I see lots of plays I usually have most of my buying power in credits spread and a little cash left just in case if I need to roll out a credit spread. Getting a 20% return a month is insanely easy with this strategy but my question is, I am missing something? Is there a flaw in this strategy? If anyone has been doing two legged options for longer than I have is my strategy sustainable? What is the outlook if I continue this strategy for the next 3 years or so? Because I genuinely don’t know if I’m just getting lucky or this is an actauly sustainable strategy +Living in an non-physically (for the most part) abusive household- not going to go into details unless its important- and my parents are constantly threatening to kick me out when its legal. I'm in an advanced program at a school that's 25 minutes from my house and i'm still a Jr. in school. I don't have my own car although i have my license. Before anyone suggests trying to work things out i've tried since i was 15, and its ended with things being thrown/broken and me staying at a friends house for a couple of nights. I lack in knowledge of personal finances and i literally have no clue what i'm going to do. Ill be in High School for another 4 months after i get kicked out and after that, i assume, ill be attending university if possible. Any ideas? + +So far (needed things): + +- Gov. programs available for students? +- Job(s) +- A place to stay (currently at a friends) +- Transportation +- Funding for college? +- Money management + + +Edit: the feedback I've received in the last hour or so has been incredible. I wish I had the time and energy to thank all of you individually. I'm working through this one way or another, coming here gave me a vague sense of direction including my options. All advice is welcome and I thank you in advance! + +Edit 2 (18 May, 2017 8:32am): I woke up and this absolutely boggled my mind to find over 600 posts along with a handful of private messages about my post. I can't express my gratitude enough but I'll go through everything and figure it all out. Thank you all so much. + +Edit 3 (18 May, 2017 22:01 PST): I'm honestly a bit overwhelmed by the mass of generosity and advice constantly flowing in every minute of the day. I don't know how to express my gratitude to you all who have offered me advice and even some help but i sincerely hope this post gets to anyone who really needs some guidance. I plan on looking more into enlisting or applying for a university with an ROTC program along with applying for Gov. aid through FAFSA. I'm doing my best to atleast read as many comments and private messages as I can. Thank you all so much. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Hey guys, + +I'm a long time follower/lover of this subreddit and the FI/RE movement. I happened to have retired at 36, though maybe not via the totally traditional route. I shared my story on my instagram page and it struck a chord so i thought you guys might want to see it here. The imgur link below has the story! + +https://imgur.com/a/xjs2c7K + +This really isn’t supposed to be a "see how easy it is" or "anyone can do it the way I did" post. I fully acknowledge I had a huge amount of privilege and unfair advantages. Graduating from college debt free thanks mostly to my parents is something that was simply gifted to me and allowed me to start a company. And living below my means and buying and holding index funds didn’t get me here alone. + +That said, I did grow my net worth to over $100K on $36K/year living in high cost of living San Diego, and was well on my way to millionaire status within another decade or two. Also, had I taken that Microsoft job and lived at a similar level and invested, I’d be almost where I am today. So, just because I had a windfall, don’t write off the most likely and efficient way to build wealth: Live below your means and buy and hold index funds. + +For you track fans, I ran the 400 and 800 in 46.8 and 1:49.8 + +Hope some of you might find this interesting! I'm happy to answer any questions if you have them! :) + +Edit: A lot of have asked what I'm up to now. Feel free to check out my [instagram](https://www.instagram.com/personalfinanceclub/). I'm not selling anything, make no money from it, etc. If linking to this is too self-promotey I'll happily take it down. :) +I am sure I am not the first person to state my theory on this thread. However, I want to clear something up that I see a lot of on this sub and that is; comments about people wanting to invest in real estate so that they can “never work again”, or something to that effect, and assume that investment real estate properties are completely passive income. FALSE! + +This could not be farther from the truth. I am someone that bought my first investment property in 2018 at the age of 27. Being in my 20s, I didn’t have a lot of money and was able to secure a distressed quadplex for $300k. I didn’t know anything about property management, but I didn’t want to pay someone else to manage my building at 10% or more with a bunch of junk fees. So, I rolled up my sleeves and took on management myself. + +Rents were below market value, and all units needed work. The only way to make the quad cash flow positive was to fix up the units, turn the tenants and increase rents. This turned the property from pretty close to break even (including my mortgage) to cash flowing around $1500-1700/month. + +Now, I never quit my day job. I put in long hours after work and on the weekends. To improve the building, I needed money from my day job to fund the venture. I have good credit, so I got an 18 month interest free CC and put the materials and new appliances on that card and budgeted to pay off every month. + +Fast forward almost 4 years and I have been able to purchase 2 more houses with guest houses using FHA loans, and a similar value add approach. I also live a modest lifestyle (drive a paid off car, don’t eat out every day, but used/second hand electronics, furniture, etc. To save a buck) + +Long story short- For new real estate investors, especially younger people, or people just purchasing real estate, if you are truly trying to reap the benefits of real estate for investment, the process will not be passive. In fact, to get the most out of real estate for investment, it is ideal to purchase a property that needs improvements, make improvements, up rents and manage yourself. + +Most importantly, save your money and be patient. Real estate investment is not a get rich quick scheme, it’s a build wealth consistently plan. Anyone who reads this, I am not trying to discourage you, quite the opposite. I am trying to paint a realistic picture and share my journey in hopes you can learn a thing or two, and start your own success story. +⚜️**Midas Token** Locked Liquidity Fair Launch, Just Released! + +🤴King Midas is fed up….lets turn shit to gold with Midas Token + +⁃ Live the legend of King Midas and turn your shitcoins to gold! + +⁃ Certified moon shot not yet launched!! Easy 100x + +⁃ Join King Midas on his conquest of the blockchain. ⛓ + + We plan to launch a swap exchange specialising in turning your bad investments into gold !! Come join the latest ‘royalty’ token about to launch and serve under King Midas + +🧑‍💻 Website to be released! + +📈 Contract renounce on launch + +🔐 Liquidity lock + +📲 Telegram - [https://t.me/midastoken](https://t.me/midastoken) + +**Tokenomics:** + +7% AUTO LIQUIDITY + +5% RE DISTRIBUTION TO HODLERS + +**Contract** \- 0xd724510b0a9fdcd113e30b8f2676f3691bace387 + +For anyone who doesn't know what a stealth launch is, it is when a token is released and opened for trading with no prior marketing, it just appears on the market. This means you can get in extremely early. + +I’m super excited with **Midas** Token, for all sorts of reasons, especially their anti dump measures so for those of you not wanting to waste time and want the basic information to get in super quick here is what I have researched and think may be useful to others: +On March 14, 2008, Bear Sterns had just received a loan from JP Morgan that was supposed to halt their closure. It didn't, they still got fucked. Shittydel just did a samesies in getting a loan from Sequoia and Paradigm. + +Now, my work brings me to manholes sometimes. Manholes are dangerous, they're deep, hard to access, hard to exit, and could be filled with poison gas. + +Now, when you have a man down in a manhole, first thing you do is call the fire department and call for assistance from experts who know how to rescue someone from a confined space. The the thing you should NEVER DO, is jump in after to go retrieve the downed man no matter how badly you want to because if it's gas you'll go unconscious in seconds. + +Sequoia and Paradigm just both jumped in when they saw Citadel lying flat on their face at the bottom of the manhole. + +Wonderful, well take their money too. +Disclaimer: This GitHub repo is the code companion to a book I wrote. I realize the mods might remove my post for content marketing. Nonetheless, I have taken some time to single out the parts of the repo that are useful as stand-alone resources, and I want to share them here. + ++ Performance metrics used to evaluate trading strategies: [metrics.py](https://github.com/chrisconlan/algorithmic-trading-with-python/tree/master/src/pypm/metrics.py) ++ Common technical indicators in pure Pandas: [indicators.py](https://github.com/chrisconlan/algorithmic-trading-with-python/tree/master/src/pypm/indicators.py) ++ Converting common technical indicators into ternary signals: [signals.py](https://github.com/chrisconlan/algorithmic-trading-with-python/tree/master/src/pypm/signals.py) ++ Generic grid search wrapper for numeric optimization: [optimization.py](https://github.com/chrisconlan/algorithmic-trading-with-python/tree/master/src/pypm/optimization.py) ++ Object-oriented building blocks for portfolio simulation: [portfolio.py](https://github.com/chrisconlan/algorithmic-trading-with-python/tree/master/src/pypm/portfolio.py) ++ Generic wrapper for multi-core repeated K fold cross-validation: [model.py](https://github.com/chrisconlan/algorithmic-trading-with-python/tree/master/src/pypm/ml_model/model.py) ++ Free-to-use simulated EOD stock data and alternative data streams: [data](https://github.com/chrisconlan/algorithmic-trading-with-python/tree/master/data) +In a similar vein, we are planning a remodel and are considering things that we should incorporate as foundational. + +We bought a personal sauna for the house at the pandemic start. The cost/benefit has been awesome. I can’t imagine having a place without one of these moving forward. + +Also, + +I’ve had a few knee surgeries over the years stemming from a relatively long rugby career. Needing help getting around is likely part of my old age. We are definitely widening the doors and getting rid of thresholds to accommodate a wheel chair/walker. + +Friends have suggested two sinks in the kitchen and sound proofing for the home office. + +What are your FAT home items that have a high ROI and/or are ‘can’t live without’? +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 +We have all heard it! -- “Time in the market beats timing the market” + +At the same time, we are all to some extent guilty of trying to time the market. The market always seems to break some new all-time high records, so we wait for the inevitable crash/pullback to invest. It’s high time we put both strategies to test. Basically, what I wanted to analyze was + +**Whether waiting for a crash to invest is a better investment strategy than staying invested?** + +**Analysis** + +For this, let’s take someone who started investing approximately 3 decades back (1993 to be exact). I created multiple investment scenarios as follows to understand the difference in returns if you + +a. Invested at the exact right time when markets were lowest that particular year + +b. Was extremely unlucky and just invested at the peak every year + +c. Did not care about timing the market and invested at a random date every year + +d. Just hoarded his cash and waited for a market crash to invest \[1\]   + +For analysis simplicity, let’s assume that you were on a conservative side, never picked individual stocks, and always made your investments to S&P500 \[2\]. For investment amount, consider that you started with investing $10K in 1993 and increased your investments by 5% for every subsequent year. So, you made a total investment of $623K over the last 29 years.   + +**Results** + +**Investment Returns SP500(1993-2021)** + +|**Scenario**|**Return**| +|:-|:-| +|Invested only during a market crash|391.9%| +|Invested when markets were lowest every year|371.2%| +|Invested every month an equal amount|312.9%| +|Invested at a random date every year|303.2%| +|Invested when markets were highest every year|263.1%| + +The analysis did throw up some interesting results. There’s a lot to unpack here and let’s break it down by each segment. + +The most important insight is that **it’s virtually impossible to lose money over the long term in the market \[3\]**. Even if you were the unluckiest person and invested exactly at the very top each year, you will still end up having a 263% return on your invested amount. + +At the opposite end of the spectrum, if you were somehow the luckiest person and invested only at the lowest point every year, you would have made a cool 100% more than someone who invested only at the top. Given both the hypothetical scenarios are extreme cases, let’s consider some more realistic scenarios.       + +If you did not care about timing the market and invested a fixed amount each month/year, you would still make a shade over 300% on your investments. + +Out of all the above scenarios, you would have made the most amount of money (a whopping 391% return) if you invested only during major crashes. In this type of investing, you would not invest in the stock market and keeps accumulating your cash position waiting for a crash. + +While this seems like a good idea, in theory, it’s extremely difficult to execute properly in real life. The main limitations to investing during a crash strategy are + +a. The current returns are calculated by investing at the very bottom of the crashes. It’s very difficult to identify the bottom of the crash while a crash is happening. You can end up investing midway through the crash and given that you are investing a significant chunk of capital you saved up, it can end up wiping out your portfolio. + +b. [Identifying a crash itself is very hard](https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/market-updates/on-the-minds-of-investors/is-a-market-correction-coming/) + +As we can see from the above chart, the years that we consider were great for the market in hindsight still had significant drops within the same year. So even when the market is down 10%, it becomes extremely difficult to know whether it’s going into a deeper crash or whether it’s going to bounce back up. + +**Conclusion** + +While the analysis did prove that waiting for the crash is theoretically the best strategy returns-wise, practically it’s very difficult to execute it. + +For e.g., even if you predicted the 2020 Coronavirus crash correctly, where would be your entry point? The market was down 15% by Mar 6th, another 10% by Mar 13th, and then another 10% by March 20th for a total of 35%. If you did not get in at the absolute bottom, you would have lost a considerable sum of your investment without actually getting any benefits from the previous run-up.    + +It is extremely enticing to be the guy who called the crash correctly and even if you are right, only getting in at the absolute bottom would only give you the best returns. Adding to this, in the last 20 years, 70% of the best days in the market happened within 14 days of the worst ones \[4\]. If you miss just any of those days waiting for an entry point, your returns would be substantially lower than someone who just stayed invested. + +If you think you are in the select few who have the skills to identify a crash and the temperament to see the crash through to invest at the very bottom, you will make an absolute killing in the market! For the rest of us, continuous investment regardless of the market trends seems to be the better choice. + +*Data used in the analysis:* [*here*](https://docs.google.com/spreadsheets/d/1LT3qazGZXHT3qnnBS7oWAZU8n8DH1gv-JsCixN2mdPM/edit?usp=sharing) + +**Footnotes** + +\[1\] I have considered the [following crashes](https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets) for the analysis: Dotcom crash (2000), Sep 11 (2001), market downturn 2002, Housing market crash (2008), 2011 stock market fall, 2015–16 stock market selloff, 2018 crypto crash, Corona Virus crash (2020) + +\[2\] The data for the adjusted close for S&P 500 from 1993 to 2021 was obtained from [Yahoo Finance API](https://rapidapi.com/blog/how-to-use-the-yahoo-finance-api/). The main reason for only going back till 1993 is that Yahoo Finance had only data till 1993. + +\[3\] There was an interesting [study done by Blackrock](https://preview.redd.it/l7io9d67g5771.png?width=624&format=png&auto=webp&s=c59747d33453e4ee704958d0d4894a386924634b) that proved the same + + \[4\] 70% of the best days in the market happened within 14 days of the worst ones [(Source: JP Morgan)](https://preview.redd.it/y9y9tvc8g5771.png?width=507&format=png&auto=webp&s=1b5fa0d18a5d4a366196cba60f59025968488ce4) +&#x200B; + +https://preview.redd.it/bzrrwebn4hw71.jpg?width=700&format=pjpg&auto=webp&s=5c0153a1ef2a3d26cf4ace7126812e9751b6505e + +*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/9ygdbv0p4hw71.png?width=1038&format=png&auto=webp&s=1400770956f07537813cf6a0ff6118e1590997b5 + +Regis Resources is an Australian gold mining company that was founded in 1986. It listed onto the ASX the following next year and acquired tenements in Western Australia. Originally trading under Johnson’s Well Mining (JWM) it went through a major restructure in 2004 after accumulating years of losses for and having fallen deep into debt. + +By 2011, 25 years later, the rebranded company finally started turning a profit and have since then established themselves as one of the most reliable mid-cap gold miners on the ASX. Regis is also one of the few listed miners that does 100% of its mining inside of Australia, with current mine operations in the North Eastern Goldfields of Western Australia, along with plans to develop a mine in NSW. + +# The Checklist + +* Net Profit: positive 9 of last 10 years. Good ✅ +* Outstanding Shares: major capital raise in FY21\* Bad ❌ +* Revenue, Profit, & Equity: overall growth in all. Good ✅ +* Insider Ownership: <1%, but many of on-market purchases. Neutral ⚪ +* Debt / Equity: 22.3% w/ Current Ratio of 2.3x. Good ✅ +* ROE: 16% Avg L10Y w/ 9.2% FY21. Good ✅ +* Dividend: 3.6% 10Y Avg Yield w/ 3.5% FY21. Neutral ⚪ +* BPS $2.10 (1x P/B) w/ NTA $2.09 (1x P/NTA). Good ✅ +* 10Y Avg: SPS 70.2cents (2.8x P/S), EPS 14.4cents (14x P/E). Neutral ⚪ +* Growth: +24.2% Avg Revenue Growth L10Y w/ 8.3% FY21. Good ✅ + +**Fair Value: $2.72** + +**Target Buy: $2.46** + +\* Major capital raise in FY21 increased total number of shares by almost 50%. It is worth noting that the capital raise funded a major acquisition, and prior to that the share count was quite stable. Further note, that I've run the numbers using the new share count. + +# The Knife + +[marketindex.com.au](https://preview.redd.it/0aklcru15hw71.png?width=1476&format=png&auto=webp&s=241187e13cc9879f3320902c92c239e5300fd3db) + +RRL’s current status of dog-stonk is not new. It's recent fall mirrors a very similar descent from 2013 to 2016. Really, one would expect that in any mining stock, which all else being equal, it will mimic the underlying commodity that they produce. However, lately RRL has diverged quite heavily from the gold price. In that sense, the title of dog-stonk is truly earned. + +Weakness in RRL started as far back as July of 2019, when it briefly touched just under $6.50 per share. At that point the company was were valued at over $3billion and were solidly within the top 5 largest gold miners listed on the ASX by market cap. + +Even 1 year later in 2020, after a tumultuous journey they looked primed and ready to take out their all-time-high again. But by the close of Friday 29th Oct 2021 @ $2.00, RRL is down 70% from its high. Even those that bought 1 year ago today would be down 50% on their investment. + +# The Diagnosis + +The Short Answer: Gold price… wait no, that’s near its all time high. Uh, Revenue down? Hmm, nope, best it’s ever been. Cost blowout and net profit negative? Not that either… they’ve been solidly in the green for years. Hmm… ??? + +The Long Answer: This one was actually quite difficult to nail down precisely. The weakness and underperformance of RRL relative to its peers has been chronic. Since at least 2019, if not prior, they’ve fallen short of the sector, even while having pretty strong numbers relatively. I’d flippantly say the answer is “bad management,” and there is some truth to that. + +Yet, the company has been able to reliably turn a profit for many years now, and that isn’t necessarily the case with many gold miners. It isn’t uncommon for even the largest goldies in the world, like Nemont and Barrick, to have loss making years. On the contrary, RRL has been growing their revenue and equity quite consistently, and only had a loss in 1 year of the last 10 (FY14). I think that shows that they know what they are doing. + +If anything, management have been great at mining and a shitshow when it comes to shareholder relations. That isn’t to say that there have not been some underlying issues involved. The reasons for the stock’s fall from grace are very real. It could well be described as ‘death by a thousand cuts.’ In absence of good marketing, there hasn’t been the shareholder sentiment to hold up their loftier price levels. If I had to point to just a few of the main issues, I would highlight the following: + +**Legacy Hedges** + +Shareholder has long been dissatisfied with what appears to be some real head-scratcher hedging contracts. With gold pumping to new all-time-highs in 2020, the upside was capped by the fact that RRL were obligated to deliver a large percentage of their volume into these hedges. + +By the end of FY20, 400koz was hedged at \~A$1600 with Macquarie. Under the arrangement RRL were required to reduce that hedge to 200koz by the end of CY21. Except, RRL produces around 350koz annually. In essence, half of their sales for the next 18 months were earmarked to the hedge. That’s mighty painful to watch as a shareholder when gold is hitting new highs at A$2800 at the time of the report release. + +To be fair, it’s hard to put that much blame on current management, as the hedging structure had been in place since 2010. It was a legacy from a period of time in which RRL was struggling to turn a profit at all and needed funding to launch their Duketon Gold Project. That that point they had been losing money for decades and had only just gone through a major restructuring to stay afloat 5 years earlier. The hedging arrangement presumably was a stipulation placed on them by Macquarie in order to secure the loan. + +As it turned out, the Duketon project was quite successful and is still the major area that they mine today. However, the hedging arrangements continued well past what might have been considered useful for the company. I’m not sure what exactly what the original agreement was, but RRL continued committing more and more of their future volumes towards ‘forward sale contracts’ in the decade that followed. + +One positive point of news on this front is that RRL renegotiated its hedging in May of this year. Under the new arrangements, RRL would be obligated to deliver the remaining volumes in 25koz instalments each quarter. This reduced their obligation to end of CY21 by 25%, and in exchange RRL locked in a slightly lower fixed rate of A$1571/oz for the remainder of the hedged balance. + +**McPhillamys Project Delays** + +Further to this, early on there has been questions surrounding the McPhillamys Gold Project in NSW, and with each month that goes by those questions become more and more pertinent. Initial indications were that the project could get its approval and break ground in late 2019. Fast forward almost 2 years later, and RRL is still working through the approval process with the NSW government. + +To be sure, the disruptions of 2020 would not have helped matters, with government bureaucracies around the world in chaos, and interstate travel clamped down for much of the year and into 2021 in Australia. At this stage, RRL is hoping to have an answer before the end of the calendar year (2021), but admits that they have no real control over the time frame, as it mainly rests now with the NSW government. + +The trouble with this is the expectations of tacking on another major production asset may have been priced into the share prior to 2019. On top of that, with the final decision still lingering on, RRL is potentially chasing bad money with good by dumping more capex into its development. The upside here is that the delay and uncertainty would have likely caused the market to discount the project entirely from the share price. This allows for a bit of surprise upside if RRL finally get the nod, and they have made fairly strong indications that they ready to break ground almost immediately. + +**Reduction in Dividends** + +However, one bit of collateral damage from a McPhillamys approval is likely to be the dividend. Indeed, it already has taken a pretty heavy knock this year and this is another major reason why shareholders have lost faith in RRL. + +&#x200B; + +[From FY21 Presentation](https://preview.redd.it/ig4f80085hw71.png?width=1200&format=png&auto=webp&s=851328d0321b0878fe53c0d16db2378ddfcb0d4d) + +The 1H21 dividend was cut in half despite good earnings. The reason given by RRL was conservation of capital in order to prepare for an immanent McPhillamys greenlight. But that was a gut punch to the baghodlers who were otherwise quite excited with the sky-high gold prices most of the 1H21. A lot of holders may have also held RRL in light of their consistently good payouts over the years. To see the divies drop by more than half was a signal that it was time to quit the position and many did. + +**Capital Raise for Acquisition** + +Those that cut and run, they dodged a bullet. Even with gold as high was it was for most of 2020, RRL was closing in on breaking its March 2020 low by the end of the first quarter of 2021. But the real pain was yet to come. Baghodlers were blindsided when RRL announced a capital raise and acquisition of the 30% JV share of Tropicana mine from IGO. SPP price: $2.70, or about 15% less than the current trading price. + +&#x200B; + +https://preview.redd.it/vb0mopx95hw71.png?width=1200&format=png&auto=webp&s=34559de85605ee7cb26ad3d7169fde50b82475e6 + +Only a couple months prior, when dividends had been cut in half with reasons given about McPhillamys, out of nowhere the company was now buying a $1billion asset that was totally unrelated. To put that in perspective, RRL’s market cap around about that point in time was only about $1.5billion. To top it off, in order to fund it, the company was commencing with a capital raise that would expand their share count by almost 50%. + +It’s a legitimate question to ask why RRL’s management wouldn’t have tried to do a raise only months earlier when the hare price was $4+. Poignantly, had RRL been more forward looking and decided to keep their dividend payout consistent, maybe they would have been in a better position with the share price to ask for a higher premium too. Instead, the placement was at $2.70, which was lower than even the lowest it had fallen in March 2020. + +Honestly though, the $2.70 price was likely pitched to them by the institutional underwriters, as the RRL shares had been in decline well and truly before the dividend cut fallout (re: the other concerns). The point stands that the plan to buy up the 30% interest in Tropicana came out of nowhere. Not once is a plan for a major acquisition mentioned in the half-yearly report released just 2 months prior. The implication is that management bought it on impulse. But if not that, the natural speculation pointed to them dealing with some underlying issues with either McPhillamys approval or production at the current Duketon projects. + +Understandably the uptake by retail shareholders on the offer was muted. Only 20% of allotted shares were actually taken up, which is pretty pathetic for a placement really. Ironically, the massive overhang of unallocated stock left with the underwriters has likely contributed to further price resistance past the $2.70 offer level, if not hastening the decline further as potentially those institutional holders dump at market. + +Add on the fact that the timing of the capital raise put the +50% of newly issued shares on the books for the FY21 report, but RRL had only 2 months-worth of mining sales to include in the figures. That made the acquisition look heavily dilutive, with the EPS going from 37.8cents in FY20 to 26.3cents in FY21, even though the actual long-term outlook with Tropicana included was certainly not that bad. + +In addition, some awkwardly timed capex with the new asset completely blew out Tropicana AISC to A$2121 (All-In Sustaining Costs) on the 1st quarterly report with it included. In conjunction with RRL’s already increasing AISC from the last couple of years, claims by management of RRL being a low-cost gold producer I think started to fall on deaf shareholder ears. + +**Skin in the Game** + +Ultimately, there is a serious question as to the price paid for Tropicana. Likely RRL paid too much, and that puts a question mark solidly above the heads of management. Even so, by many broker estimates Tropicana should likely end up breaking even for RRL on an EPS basis when a full year of production is factored in. The price might even be seen as cheap in hindsight, should the gold spot rise in the future. That’s besides the fact that the added production offsets the ‘cost’ of RRL’s hedging contracts by making the impost a smaller percentage of their output; that’s not insignificant. + +&#x200B; + +[😐](https://preview.redd.it/fv7d0a7c5hw71.png?width=1000&format=png&auto=webp&s=215ab791cdb319c1321bb68571b04650ed03791f) + +At this point though, I feel I should point out that even if these were conscious considerations that RRL’s management made, they did not do a very good job of highlighting any of this in their presentations. I would posit that this again points to their lack the perspective, being such small holders of the stonk themselves. Having more skin in the game tends to change people’s viewpoint, and perhaps incline the management not to abuse the owners of the company quite as much. + +I should preface this by saying that I cannot knock the team for not buying the stonk in some amount. They have bought small parcels (about 12x on-market purchases since Jan 2020). They also participated in the share placement. But with only 756k shares held between all of the directors, it seems to me that the they hold quite a small stakes relative to the market cap (only 0.1%). Combined, the execs enjoy a fixed renumeration of over $2million a year. Under their leadership, RRL is trading at a 5-year low despite AUD gold prices trading at an all-time-high. It seems to me we should be seeing them buying the dip! I almost think it’s a moral imperative, given the amount of baghodler capital that they have destroyed at this point. + +I truly think the market is factoring in the ‘management risk’ heavily into RRL’s price now, with the stonk losing 20% in the last quarter of trading alone. To be fair, all the gold stocks were down, but RRL was by far the worst performer among the big goldies. RRL has dropped as low as $1.86 in the past few weeks, well below even their book value of $2.10. Perhaps the market is expecting RRL to have to come to the market again with another capital raise if McPhillamys gets the greenlight. For the sake of baghodlers, let’s hope not. + +# The Outlook + +Otherwise, just looking at the gold price alone, the future looks bright for RRL. Gold is showing a fair bit of support in the $1700-1800 USD range, and in terms of AUD, the chart looks even more bullish. + +&#x200B; + +[tradingview.com](https://preview.redd.it/sb6t2gkg5hw71.png?width=1600&format=png&auto=webp&s=c311952d71c3eeb8ad79f7476cd50d6bdc730d25) + +With RRL’s guidance for AISC of around A$1300 for FY22, they’d be in good shape to be pulling in quite the cash-flow with AUD gold prices currently sustained around A$2300/oz. That is even with the hedges diluting their average sales price. In FY21 they averaged around A$2200/oz at similar levels, and it is looking like they might have a repeat on their hands for FY22, but this time with more production in light of an additional 100-135koz share of contribution from Tropicana. + +The real question is: will gold continue at these levels? + +# Optional: Inflation, Gold, and Real Yield + +*This section explores some of these concepts in a more general way, feel free to skip down to “The Verdict” if you are not interested.* + +To give justice to do justice to the question regarding gold, I think we must put aside RRL for a moment and try to address the elephant in the room here: inflation. + +&#x200B; + +https://preview.redd.it/lu23wd0l5hw71.png?width=1600&format=png&auto=webp&s=e77ab94be20801bfee82a3f6e7738e2ba905eb7b + +What do we mean by inflation? Well historically, ‘inflation’ was defined as an increase in the monetary supply. Essentially, whether or not there is price movement in the marketplace, if the government prints more money, then we have inflation. Under that measure, it’s hard to really understate the amount of monetary supply (M0) inflation that has occurred in the western world in the last 15 years. The last year alone, many governments have printed more additional money than what was in circulation prior. + +The USA and Australia are no exception. The Americans started much earlier in 2008, in response to the GFC, and it accelerated in 2020. Australia didn’t quite get as carried away back during the GFC, but are doing their best to catch-up. The RBA in the past 10 months has printed an extra 300billion dollars, which has nearly tripled the supply of AUD. At the rate that they are going, we’re likely to quadruple it or more in the next few months. Though, strictly speaking, it’s the USD in the driver’s seat, being the reserve currency of the world. + +&#x200B; + +https://preview.redd.it/n35iwods5hw71.png?width=900&format=png&auto=webp&s=2206e74794ff055b55812fac3897afd004529209 + +Past the M0 measure, is fair to say that what people generally mean by inflation these days is actual price increases. The trouble with this definition is that it’s quite difficult to measure. + +First, prices of goods follow their own supply & demand curves, and as such may have deflationary forces (e.g. offshoring manufacturing to countries with slave labour) that artificially push the price down. This can happen despite there being underlying inflationary pressures from the monetary supply which would otherwise push them upwards. + +Second, the way in which central banks have measured the inflationary rate has not necessarily been consistent over time; picking different baskets of goods; excluding certain commodities; and sometimes trimming the outlying extremes of the bell curve, focusing on the mean. + +&#x200B; + +[highlight added](https://preview.redd.it/4bmg1crv5hw71.png?width=1168&format=png&auto=webp&s=233ed7b0c9ed1088afafdb2cf9affc9aa1a5a5bd) + +Looking at core inflation rates, the USA is starting to see annualized rates that haven’t been seen for 20 years. Interestingly, when looking at the CPI of all goods for the last 70 years, the trajectory of consumer prices has been strikingly consistent and almost exclusively upward since the USD was decoupled from gold and the world went to a fiat standard. The inflation of the 70s, during “The Great Inflation” period, didn’t really abate all that much. If anything, people just got used to prices going up on a regular basis. And what may have seemed like an enormous deflationary period during the GFC, was just a blip on the radar. + +**Historical Gold Price** + +Gold price during this time has tended to follow a similar trend upward, though not in a linear fashion. Prior to 1971, gold had a fixed price in USD. The United States had made a commitment to the world that guaranteed that holders of USD could redeem them in gold at the US Treasury. This is what gave many other central banks the confidence to safe-guard their gold reserves with Federal Reserve in America, and hold USD as essentially an IOU. + +&#x200B; + +[highlight added](https://preview.redd.it/mtzqey606hw71.png?width=1734&format=png&auto=webp&s=30975d2c23bdc95351a31be42c8fc47a7eeae185) + +For a long time, this worked and kept the value of dollars quite stable. However, by the 1960s the Fed had started printing money, using an expansionary monetary policy to spur economic growth. It worked for a decade or two, and times were good. But one issue was the fact that many banks realized that the dollar wasn’t worth the fixed gold redemption rate, and started recalling their reserves. It was an arbitrage opportunity created by the Fed’s easy money policies. + +This all culminated in President Nixon closing the ‘gold window’ in 1971. In other words, America announced it would no longer honour gold redemptions, effectively making the dollar a purely fiat mechanism. The fallout was the 70s. Inflation ran into the teens for almost 2 decades, before Paul Volcker put an end to it with massive interest rate hikes that tightened the monetary supply and ultimately restored faith in USD. What they didn’t do was link USD with gold again. With the gold price decoupled, we can see the price progression in the 50 years since. + +While expansionary monetary policies do not necessarily translate into dramatic spikes in the CPI, the link between fiat money printing and inflation seems to be quite strong. Prior to that, under a gold standard, the USD did fluctuate a bit, especially when new dollars were printed (e.g. during the American Civil War), but it tended to revert back to the mean. What a dollar could purchase at the start of the 19th century was about the same as what it could purchase 100 years later. + +The previous price stability I think can be solidly attributed to its anchor in gold. It was something objective that would naturally pull the dollar, more importantly monetary policy, back into line. On the contrary, under fiat standards, money is anchored to nothing but the hollow promises of central banks. Say what you will, the fact is that all fiat is only worth a fraction of what it was worth prior to the break. + +**Scam Dream?** + +&#x200B; + +[Expansion insurance???](https://preview.redd.it/uyovm04a6hw71.png?width=1200&format=png&auto=webp&s=accd98fb10e769f027c273038039c5da97c6bdf8) + +Though, in light of there being no clear correlation between gold price and CPI, many would argue that gold is not a good hedge for inflation. And they are absolutely correct, at least on a short-term basis. Often and for long periods in gold’s history, it has been steadily depreciating asset. One of the worst of these periods was from 1980 to 2000, where gold lost 80% of its buying power. + +Though, perhaps more strikingly when looked over a longer time frame, gold has appreciated from $35 in 1970 to $1800 now in 2021, which is approximately 5000%. It didn’t appreciate gradually in that time frame, but it appreciated nonetheless. Rather, gold’s price appreciation since 1970 has tended have come from sudden and extremely quick rises, usually coinciding with major economic crises that threatens the ultimate value of fiat. + +**Game Theory & Markets** + +On top of that, there are layers and layers of market sentiment that are built up on the foundations of asset fundamentals, which is reflected in the market price. It’s interesting to explore this concept a bit further, but I’ll spare the reader here. See [What Level of Investor am I???](https://www.reddit.com/r/ASX_Bets/comments/qf6viv/what_level_of_investor_am_i/) for more. + +When it comes to gold, it is no exception, and in fact is probably an perfect exemplar of the dynamic. Gold isn’t merely an asset with a fundamental intrinsic value relative to the value of fiat, it is perhaps much more than that, a manifestation of the commodity of fear itself. + +&#x200B; + +[Quick, buy shiny things!](https://preview.redd.it/2tl24p8h6hw71.png?width=900&format=png&auto=webp&s=d6964c419d876e24abdaa15303a576b664663293) + +Gold’s usefulness as a commodity for industrial purposes is minor. It does not turnover in the kind of volumes that that other commodities might. Therefore, gold’s price sensitivity to movements in fiat during a strong economy is quite low. The market simply does not trade it enough for it to realise its intrinsic value during those times. + +In fact, part of what makes it a good store of value is because of the fact that it does not trade often, so is much less subject to the whims of supply and demand curves. It is not insignificant also that it is rare, malleable, and indestructible, which make it an ideal material for coinage and jewellery. Perhaps no small part that it was able to establish itself early on as currency. For 5000+ years in fact, gold has considered to have intrinsic value as a result of its qualities. That long history in its own right, entrenches gold’s value. + +So, when investors fear market crashes or fiat losing value, gold is turned to as a safe haven. It’s at these times gold experiences violent corrections to the upside. This can be seen as circumstances forcing the market to finally trade gold in volume, and therefore cause it to rerate. Following these periods, gold has gone through cooling periods where people divest from it to put their money to work into other more productive assets . But the crucial point here is that gold tends to establish a new base pricing level afterwards. It in its history, it has never truly reverted to the previous price points. This is a reflection of the inflation of fiat. + +Because of these reasons, it is difficult to nail down what it’s underlying intrinsic value might be at any one point in time. As a finite resource, gold could in theory be divided equally amongst all of the fiat dollars in the world, and thus establishing a theoretical value. While this doesn't reflect spot, looking at it this way makes it quite clear and objective. Under this sort of method, the ratio of M0 to gold price is actually at the lowest relative price it has ever been. Amazingly, not because the actual price is low, but because the monetary supply has been increased so enormously. + +**Money Seeking Yield** + +Ultimately, investment is about seeking the best return on the value for one’s money. Gold doesn’t operate in a vacuum, and is just one of many assets that can be used to achieve this end. As compared to putting one’s money into equities, gold has largely underperformed for the last 25 years. So as a means to aggressively grow one’s wealth, it it’s far from the best option. + +&#x200B; + +https://preview.redd.it/jwkkhj2j6hw71.png?width=1300&format=png&auto=webp&s=dfaf29ac94f9a47b068780412378a7506b6583b1 + +This makes sense, since gold is not a productive asset. It doesn’t produce any more value intrinsically than it had when it was bought. Any loss or gain is purely on the ever-changing market sentiments regarding both gold and fiat. + +Alternatively, by owning equities, an investor owns an asset that produces cashflows on a yearly basis. Indeed, those cashflows might also increase over time as the business grows. The accretive potential of a business is theoretically infinite. But even if we are looking at stagnant blue-chip companies, those cash-flows accrue, and ownership of the portion of the cash-flow (the yield) has a worth, in relation to the going market rate. + +**Investment Hurdle Rate** + +That market rate largely being based on treasury yields. Government bonds have long been considered extremely safe stores of value. The risk of of a first world government going bankrupt has been low. Therefore, the idea that a 10-year or even a 30-year treasury bond would ultimately pay out on its maturity date has rarely been questioned. + +As such bonds have long been the go-to hedge for the inherent risk in stocks. The 60-40 equities to bonds portfolio have been a standard in the investment industry for decades. Bonds have enjoyed their position in large part because of their locked in interest rate return in conjunction to their otherwise safe aspects. As such, bonds have been the classic alternative to gold, as a store of value that doesn’t necessarily sacrifice yield. That yield in turn has become a threshold hurdle rate for other investments. + +**40-Year Bull Market** + +Bonds in the early 1980s would give the buyer a 15% rate of return. This high interest rate also tightened the monetary supply and cooled inflation, so tended to be very accretive for the investor even when inflation was considered. + +&#x200B; + +https://preview.redd.it/un3r88el6hw71.png?width=1100&format=png&auto=webp&s=98bd2ece6b576cc6ebe7f83204ba396250a5bbc8 + +Furthermore, as central banks reduced interest rates, older bonds with higher yields became worth more to the holder, and as such yielded capital gains equivalent to the difference. In other words, if a bond was bought originally for $100 @ 10% yield and had not yet come to maturity, it would find a new equilibrium in the market at a much higher capital cost (i.e. $200) to trade that bond, essentially matching newly issued $100 bonds but with a lower 5% yield. + +The 15% peak of bond yields in the 1980s has cascaded down in the form of capital gains for bond holders over the last 40 years, as interest rates have steadily dropped. The long-term benefits of those high interest rates have been present in the bond market long after the interest rates were lowered. + +**Gold vs Real Yield** + +Consider then that if gold only holds a certain intrinsic value, and that its price will in the long run revert to that intrinsic value regardless of transitory market sentiments, then it follows that gold’s effective real yield rate is 0%. No surprise then that over its history, gold has tended have a close relationship with treasury real yield rates. + +&#x200B; + +https://preview.redd.it/bj2y8abu6hw71.png?width=1229&format=png&auto=webp&s=129cc4c998729f468c2f70a3563d731198fe03f7 + +Investors would be considering that fact when choosing between investment options. Most want to achieve the best yield they can, and would prefer to grow their purchasing power rather than merely preserve it. When choosing between different assets, their real yield, even if it is only implicitly, is a major consideration. Therefore, gold hasn’t made much sense as an investment for the last several decades, in which bonds have been riding a wave of high yield. But as a market of persistent low interest rates settles in, the relative benefit wanes. + +# The Verdict + +Ultimately, whether RRL is a good investment or not, really depends on whether one is bullish or bearish on gold. And it’s worth noting that bullish in this case can mean gold more or less sustaining its current levels. At the current gold price, RRL is making good money and positioned to establish itself in future as a top tier 500koz+ producer. Under the current circumstances macro-economically, with central banks printing money like… well… it’s paper (money does grow from trees, mom!), perhaps a position in a profitable gold miner isn’t too bad as a hedge for inflation. + +&#x200B; + +https://preview.redd.it/jh3qp29w6hw71.png?width=1249&format=png&auto=webp&s=50a26cbdf984e0e26e6c57fa7f7fa994d3796e6c + +The risk here is that we experience another 20-year period like 1980 and 2000, when gold lost 80% of its purchasing value. However, one difference between now and then is that we’ve since come to the end of a 40-year bull market in bonds; the latter being historically gold’s biggest competitor in defensive investment assets. Throughout most of the 80s and 90s, bonds were coming off a peak of 10-15% yields. As such, they had nominal yields significantly higher than inflation and thus gained real purchasing power for the investor over time. This made holding gold come at a significant opportunity cost vs bonds. + +To the contrary, since the GFC and the start of major quantitative easing efforts on the part of central banks globally, interest rates have struggled to break even with inflation. And for the last 10 years, even with 0% real yield, bonds still made more sense as a defensive asset, as their marginal yields still safer than gold, since its price is more subject to sentiment. However, with nominal interest rates now sitting near 0% and the core inflation rate climbing to over 5%, real yields are dipping significantly into the negative. + +&#x200B; + +[According to the trimmed mean figures, hedge is not inflation.](https://preview.redd.it/885a8flx6hw71.png?width=1100&format=png&auto=webp&s=dfbd71400aa08c445b8e17919e250b50a85c331b) + +These are levels not seen in the USA since the 70s. Further still, in contrast to those times when central banks raised interest rates to eye-watering levels to combat the problem, the Fed and RBA so far have been only talking about slowing down the easing, and have yet to raise interest rates. Holding an asset with a negative return of -5% would cause an investor to lose half their purchasing power in about 15 years. Should circumstances like these persist, then perhaps gold is the superior defensive asset again, as a long-term real yield of 0% becomes more and more appealing. + +# The Target + +Let’s put all of these heavy questions aside and merely ask ourselves a simple question. If we didn’t know what RRL produced exactly, but only that it was a commodity miner and were merely looking it its financial figures, is it a good business? And if so, what is it worth? + +&#x200B; + +https://preview.redd.it/g8jdhn377hw71.png?width=1069&format=png&auto=webp&s=1d848b00f28cc971e943be9f97aeb84c42541b99 + +As far as that goes, RRL looks pretty good on paper. The only glaring red-flag being the capital raise for the Tropicana acquisition in FY21, and perhaps that the management hold a very small overall share of the company. So the question really lays squarely on FY22. Fair comparison of the effect of the acquisition, the difference between FY20 and FY22 is actually more relevant, since Tropicana had only 2 months’ worth of contribution to the FY21 overall figures. + +&#x200B; + +https://preview.redd.it/qjltiys87hw71.png?width=1149&format=png&auto=webp&s=fa54f242a9e3fb09d70d8c91369616b11ffbb652 + +For this, I think a breakdown of projected earnings and profit levels based on an expected average commodity price (similar with what I did for FMG) is the best approach. + +Considerations: + +* USD to AUD exchange rate: 75cents seems reasonable peg for FY22. +* Production Volume: hedging against management, I’ve gone with the lowest guidance level. +* AISC: similarly, I’ve gone with the highest guidance level. +* Hedging: 100koz will be delivered into the hedge @ $1571 for the next 3 years. +* Highlights: ‘Similar FY21’ indicates gold price avg required to achieve similar revenue & NPAT. +* Multiples: I’ve chosen to run conservative EPS multiples for intrinsic prices. + +Interestingly, at the current spot price RRL should produce an EPS quite similar to where they were in FY19, when they traded for >$5. With sustained prices, Tropicana appears to be break-even, and should gold prices increase, it will be a major benefit. Also of note, at the current trading levels of around $2 flat, RRL is being valued as though gold will drop to $1200, it’s 10-year low. + +Like many other major goldies right now, RRL is hitting new recent lows in their price. It makes a lot of sense when we consider game theory and the market. The smart money likely expects for gold to cool off from its peak in 2020 and return to a historical trading range. It is reasonable to expect this as economic conditions strengthen. In good times the pool of investment cash would naturally flow into assets with higher yields. + +This may especially be true if the smart money thinks that central banks will change course, taper quantitative easing, raise the interest rates, and insofar tighten monetary policy. This would theoretically strengthen fiat dollars, and conversely be a detriment to unproductive assets like gold. + +That being said, RRL would seem to be trading at such a low level as to have already factored in this sort of downside. Picking it up at a margin of safety might be prudent to hedge against further capital raisings and unexpected problems, but I think there is a lot of potential for up-side. + +# The TL;DR + +Regis Resources is Australian gold miner with minesites in WA, and a development project in NSW. Originally founded and listed in the mid-1980s, the company has quite a bit of history on the ASX. It traded for many years under the name of Johnson’s Well Mining (JWM), and was just a specie penny gold miner for most of its history. + +Only after many years hard yakka with countless capital raises and ultimately a major restructuring, the miner under the new banner of Regis finally started turning a profit in 2011, 25-years after its original listing. Since then, it has established itself as one of the most reliable gold producers on the exchange, and at one point was among the top 3 largest Australian goldies by market cap. + +More recently, Regis has had its fair share of headwinds. Weakness in its share price started as early as 2019. Shareholders questioning the thinking behind the legacy hedges and the delays with the NSW project. They were non-plussed about cutting the previously reliable dividend and blindsided by a major capital raise and acquisition last year. As a result, Regis has had a harsh fall from its highs, and is now trading at a 5-year low despite gold spot being near its all-time-highs. + +It's no consolation for investors holding the bag, but in my opinion it looks like a pretty excellent pick-up for new investors. A confluence of unfortunate events has led to this stonk trading at a price level with seemingly little downside. The primary risk is management somehow ham-fist their way into screwing it up further (I should hope that they buy in with gusto and share in the pain!). Otherwise, there seems to be a whole lot of up-side should gold hold near its present price level. It could be quite a decent hedge position should the macroeconomic environment start to favour gold in the long term. + +*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 RRL 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.* + +*On Deck Next Fortnight: MFG* + +*Currently on the Watchlist (no particular order): CGF, IPL, Z1P, RFG, AZJ, FLT, QAN, CWN, FNP.* + +*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/) +5. [Putting the Autistic Individual in AI (APX)](https://www.reddit.com/r/ASX_Bets/comments/ncm2on/catching_the_knife_putting_the_autistic/) +6. [The Australian Telecom Company (TLS)](https://www.reddit.com/r/ASX_Bets/comments/ni771f/catching_the_knife_the_australian_telecom_company/) +7. [The Company Formerly Known as an Insurance Co (AMP)](https://www.reddit.com/r/ASX_Bets/comments/nmvp0v/catching_the_knife_the_company_formerly_known_as/) +8. [The Largest Australian Salmon Farmer (TGR)](https://www.reddit.com/r/ASX_Bets/comments/ns2qb5/catching_the_knife_the_largest_australian_salmon/) +9. [The Largest Australian IPO of 2020 (NXL)](https://www.reddit.com/r/ASX_Bets/comments/nxc84d/catching_the_knife_the_largest_australian_ipo_of/) +10. [Could this Stonk be the Next Telstra? (TPG)](https://www.reddit.com/r/ASX_Bets/comments/o2mhq8/catching_the_knife_could_this_stonk_be_the_next/) +11. [One of the Largest Australian Shipbuilders (ASB)](https://www.reddit.com/r/ASX_Bets/comments/o87y9n/catching_the_knife_one_of_the_largest_australian/) +12. [The Etsy of Australia (RBL)](https://www.reddit.com/r/ASX_Bets/comments/ohc04b/catching_the_knife_the_etsy_of_australia_rbl/) +13. [Your Mother’s Favourite Stonk (MYR)](https://www.reddit.com/r/ASX_Bets/comments/om2aho/catching_the_knife_your_mothers_favorite_stonk_myr/) +14. [A Contractor for the Largest Infrastructure Cos. in Australia (SSM)](https://www.reddit.com/r/ASX_Bets/comments/oqknk5/catching_the_knife_a_contractor_for_the_largest/) +15. [Murphy’s Favourite Oil&Gas Driller (COE)](https://www.reddit.com/r/ASX_Bets/comments/ozkfd8/catching_the_knife_murphys_favorite_oilgas/) +16. [One of the Largest Australian Law Firms (SGH)](https://www.reddit.com/r/ASX_Bets/comments/p8i9ui/catching_the_knife_one_of_the_largest_australian/) +17. [One of Australia’s Largest Media Companies (SXL)](https://www.reddit.com/r/ASX_Bets/comments/phky1p/catching_the_knife_one_of_australias_largest/) +18. [The ASX 200 Nano-Cap Construction Co. (DCG)](https://www.reddit.com/r/ASX_Bets/comments/pqeyh0/catching_the_knife_the_asx_200_nanocap/) +19. [The 4th Largest Iron Ore Producer in the World (FMG)](https://www.reddit.com/r/ASX_Bets/comments/pzncjg/catching_the_knife_the_4th_largest_iron_ore/) +20. [Two of the Largest Retail REITs on the ASX (SCG & URW)](https://www.reddit.com/r/ASX_Bets/comments/q94xui/catching_the_knife_two_of_the_largest_retail/) +Edit16: 3:40 AM. WOW. Flair was changed again from “debunked” to “question/discussion”. Still no explanation from mods🤣🤣 I’m done. Good night + +Edit15: 3:35 AM. No word from mods, still no explanation for the “debunked” flair. + +Edit14: 2:35 AM in NYC. Feel like I've made it now. Was reported for that self harm thing and a lot of super shilly messages. Just to state the obvious: I love my life, my future wife, and the work I do: Film. And, of course, I love the stock. + +Still no word from mods. + +Edit13: 1:45 AM in NYC. No contact from mods. + +Still up and responding to anyone with questions. Here's a good one: + +&#x200B; + +[fuck options](https://preview.redd.it/j71onwau33281.png?width=1521&format=png&auto=webp&s=ad7ce35a1f7f770732bd240a5a37c0c4bc0e9569) + +Edit12: 1:20 AM in NYC and still no contact from mods. Getting a lot of messages about how concerned they are that mods would just label my post "debunked" with no explanation. That they hope I will demand an answer from mods. + +I will. + +Edit11: Chatting with another ape and I think there's useful info here: + +[They're watching](https://preview.redd.it/ab3lxwqaq2281.png?width=743&format=png&auto=webp&s=a8dc27bb7bdd9125a5310ec1e721414143f64368) + +&#x200B; + +Edit10: Past midnight Eastern. No response from mods. Here's what I sent to Buttfarm on Twitter: + +[I'm trying](https://preview.redd.it/71lq4vqpm2281.png?width=1643&format=png&auto=webp&s=59a622c9fabb5b519ee5e4ffaf6fc5ba9a8d410d) + +Edit9: messaged Buttfarm on Twitter (we had a previous conversation) hopefully he responds. Do mods usually give the “debunked” flair without actually reaching out? + +Edit8: it is now 11:13 eastern. Mods, please message me. I WILL PROVIDE PROOF. Why was I given “Debunked” flair? + +Edit7: Mods, I don’t know why I got the “Debunked” flair. I will provide any proof you want. I will even self-dox if needed. Everything I have said is truth. + +Edit5: Forgot to mention: THE MOST important thing to do is DRS!!!! Buy through IEX. And FUCK OPTIONS!!!! They just provide ammo to Mayo man. + +\_\_\_\_ + +Original post follows: + +So I had orders that were not filled even though my limits were met or exceeded. I called Fidelity to ask why because I saw the sales at or less than my bid. And even though the market closed my "Day" orders are still open. + +The rep had to put me on hold and speak to her supervisor. She came back and said that the Market Maker had ended trading at 3:37 Eastern and that my trades will likely go through first thing Monday morning. + +I don't know what this means but I HATE THE WEEKENDS. Monday, Monday .... Monday morning ... + +Buckle up!!!!! + +Edit1: As u/TheOneTrueRodd **commented, i**t's on the MarketWatch chart. The line ends at 3:37 on the dot. + +Edit2: Just FYI because there seems to be confusion. Regular market closed at 1:00 Eastern, after hours was until 5:00 Eastern. There was some movement after Shitadel stopped trading, I watched the price move wondering what the fuck was going on. When I called Fidelity they said my orders should have gone through and that they should when market opens Monday. + +Edit3: A little more about the conversation. I asked if trading was ended on any other stocks and she said not that she knew of. + +Edit4: "What does this mean?" I don't know. My questions start with did they take away the buy button at 3:37 PM because they were in trouble and wanted to buy time? Or was this a forced stop as in their market making privileges were revoked because of some failure on their end. Or a forced stop because (and I'd hate to needlessly jack breasts here but) RC said "Bye, bitch. Starting my own shit. Not playing with cheaters anymore. +Yesterday I spent some time analyzing Nutrien (NTR). Nutrien is mainly a fertilizer company and the largest producer of potash in the world. My thesis was that long term, farmers need to become more efficient in order to keep up with the demand and to book a higher profit. And part of this process is represented by fertilizers. On top of that, there is a potash supply shortage caused by the Russian invasion of Ukraine, which dramatically increased the price of the commodity. I think that Nutrien is well positioned to capitalize on this rare opportunity. Also, the company buys back $4 billion worth of shares, or 10% of market cap, just this year. + +Through my research, I understood the business is cyclical and the stock price is mostly influenced by the underlying commodity's price. It was clear that the company is in or near the peak of the cycle. The fundamentals are ok, nothing to be excited about, nothing to turn you off. They also pay a healthy dividend, so I decided to take my chances on putting a value on the company and find a buy price. + +And like in every tragic testimonial, that was when my nightmare begun. I calculate the intrinsic value similar to Sven Carlin's approach, for those of you who follow him. The discount rate was not a problem, since I always use 12%, as my required return. Then, I didn't even know what figure of EPS to use as base/starting point. Were TTM earnings of $7.8 abnormal, inflated, generated by unusual market conditions? I thought so and used last year's earnings, $5.5. + +The I had all the following problems: + +\- what two-stage growth rates to use for this cyclical business; how can I predict the cycles for the next decade; company's history is short and didn't help. Tried to factor in the share buybacks, but didn't help much. + +\- what terminal multiple to use for that specific year when I'll sell my position; will it be a peak or a bottom of the cycle? in the last 4 years, P/E range was -64 to 288. Bummer. + +\- what payout ratio to use for dividends since that will be the only cash (besides buybacks) returned to me in the next decade; payout ranged from 26% to 224%. Excellent. + +As I got frustrated, I decided to stop my coin flip and put it in the "too hard" pile, at least for now. I understood that I have no business at valuing a cyclical of this sort and remembered the good old Buffetts and Lynchs of this planet that can't stress enough how crucial it is to know what you invest in. + +If it matters, I got an intrinsic value of around $60 and a buy price of around $50. But it doesn't help me at all, since I wouldn't be sure of buying it not even at $35. + +On to the next one. +A few months ago I sold my startup which put me at around $11.5MM NW, mostly liquid besides a very reasonable house and cars and such. Currently in my early 30's, 2 kids under 5 and another on the way. + +I grew up in a middle-class household, both parents owned a small business and ran it together. In my formative years, I got to watch them work their asses off to make it successful, and I emulated that when I got out of school. I can clearly remember at dinner when I was young, they would talk about who to hire/fire, where to open a new location, etc. I remember asking questions about what they were doing and why, and it's a big part of what made me who I am. + +Here's the problem that's keeping me up at night: Having sold my last business and broken into 8-figure territory, I'm not sure I plan to work that hard again which means my kids may never get to see what working looks like as they grow up. + +I don't know if I can work solely for the sake of giving them an example, and I don't think telling them about it will be anywhere near as effective as showing them how to do it. My fear is that I'm going to raise kids who are out of touch with financial reality. + +The one advantage I have is that it's still early. One isn't even born yet... so how do you guys make sure your kids don't turn out to be entitled lazy out-of-touch assholes? +This feeling has been building up in me for a while... and peaked this week. + +I've done a degree in applied finance and have a good grasp of economics and complex financial instruments. Another degree in accounting so can understand company financials and fundamentals. Worked as a (commercial) business analyst for 5 years and gained good experience looking at companies and market trends. Read company reports and keep up to date with announcements from companies I'm invested in. Perform technical analyses for favourable entry & exit prices. Only managed an average of 11% over the last few years. + +My friends bought dogecoin cos "it's funny"... 400% return in less than a month + +Why do I bother? +Me and my in-laws are currently searching for buying two apartments. The location is Pune. After searching for more than 2-3 months, we have found a building that has just started construction. They are quoting ~ 95 Lakhs for each apartment. Our budget is somewhere around 80-85 Lakhs. + +We want to negotiate with the building to see if he is willing to meet our budget. So if you have successfully negotiated in the past, can you please share some tips? + +Edit - After taking everyone’s advice, we have decided to wait for a bit a look properties near possession. Thank you everyone. +I’m 22, make $100k and live in Orlando FL. To cut to it, i really want a Porsche Cayman S ($47k). + +My current car is a 370z that i bought at 17 and it’ll be paid off this year. I know this wouldn’t be the absolute worst purchase, however it certainly wouldn’t be the smartest. + +Is there a rule-of-thumb when it comes to luxury purchases? Just looking for opinions and advice on the situation +Today’s price movement seems unnatural right? The volume is also unnaturally high for this time of day and with this type of downward movement. + +Why is this happening?!? (You might ask!) + +It has to be Kenny and Co creating more synthetic shares! (you exclaim) + +While this could be a possibility there is another much more likely reason. + +I think back to April when GameStop was doing their first offering of 3.5 million shares. While this was happening, there was just a downward force that felt like it couldn’t be stopped. We all hypothesized that Kenny and Co were up to their normal fuckery only to find out a week or two later that GameStop had completed its offering over the course of that dip. + + +THE SAME THING IS LIKELY HAPPENING NOW. + +GameStop announced yesterday that they could potentially be issuing 5 million more shares to raise capital and strengthen the balance sheet. + +On the 8-k there was another caveat that many apes PROBABLY have missed. This being the MAXIMUM offering price of $255.50. + +Now, I’m too smooth brained to tell you what goes into coming up with this maximum offering price, BUT what I can tell you is that it is on there and you can look for yourself. + + +My theory: + +GameStop is currently doing their offering which is bringing the price down to $255~ range so they can sell their shares and collect the capital now before the rocket takes off. If they were to do it later, it could hinder the rocket much harder. So the sooner they tear the bandaid off the better. + +- I ALSO believe GameStop and papa Cohen anticipated a short attack by Kenny and Co after earnings, which would create a downward momentum and create the perfect opportunity to sell their shares at $255 market price to retail and long institutions (unlike the movie stock who sells directly to short hedge funds) + +With this capital they can make hype acquisitions and great business moves that will increase buying pressure as the year progresses. + +This is how we achieve a self fulfilling prophecy (check Tesla 2020 squeeze for reference). + +TL;DR: Everyone just needs to sit back, relax, buy the dip, and hodl. Papa Cohen is playing 8d chess and has got us. + +Edit: after some apes questioned this maximum share limit, I looked into it more. This limit should be looked as a more of an average of $255. GameStop wants about 1.1-1.2 billion in proceeds from the stock sale. On 5 million shares, that average comes out to about $255. HOWEVER, if they were to make 1.1 billion while only selling 3 million shares then GREAT. BUT, the way the chart is set up right now, $230-270 is like a sweet zone to be able to sell these extra shares to retail apes (keep them out of SHFs hand). If they can get all 5 million shares out today around that sweet zone and come out with an extra billion for acquisitions and business moves, AND SHFs don’t get their hands on more shares, then this is FANTASTIC. + +Edit 2: Link to offering details: https://news.gamestop.com/node/18961/html +There are a ton of posts on here by people wanting to increase their salary - some because that's what they aspire to, some because that's what they need to either get comfortable, or move to the next stage of their lives (property, kids, retirement plans etc). + +I do wonder, however, if some people don't always realise what that's going to involve. In almost all cases, a higher salary comes with more serious responsibilities, or other sacrifices of some sort - and I think it's important to recognise that it is a real tradeoff. I'm not suggesting it isn't worth it, but I worry a little when I see a ton of posts from people getting paid maybe £30K now, who see a clear path to, say, a Director role on £100K in 10 years as if that's a simple journey with happiness and satisfaction at the end of it. + +There's a reason why some jobs are paid more than others. In some cases it's a simple supply / demand timing thing - for example from my position of ignorance, it sounds like the salaries coders are getting paid right now is an accident of timing, with demand rising faster than people can adjust to put themselves in a position to supply those skills. + +Other trades, thought, to make the money you're giving something up. It seems an accepted fact that plumbers make a ton of money, for example - well, that's great, but it also seems to be a fact that it'll destroy your body in pretty quick time. + +Making it to the big director salaries also might be pictured as a great life, fat cat making six figures and living the high life. However, that also generally comes with pressures you can't imagine as a more junior person. I work in recruitment now, and see a good range of job roles and senior people, and I do think it's important to recognise what these roles entail. For a start, it's a hell of a lot easier to lose your job for reasons that were outside of your control the more senior you get. + +I've worked at (small company) MD level, and there are decisions to make there that are genuinely tough. If you really aspire to that kind of job and money, ask yourself if you're prepared to, for example, lay off people who've worked there for 20 years because even after training and performance reviews galore they can't do what you need them to, despite trying their hardest. Crying on their way out of the door. You're ruining people's lives - and that's not a criticism, it's what the job demands sometimes. I didn't want to do it any more - might be viewed as weak, but I don't care, I just didn't want the money that badly. + +Tl;dr - bigger money means a tougher job, mostly. Be sure you want the money badly enough to deal with the crap that comes with it. How much do you need ? +So, Me and my partner are already homeowners 2 years into our first mortgage. An opportunity has come up to buy a house close to where my parents live for £60,000. We would have enough for a deposit and could afford the stamp duty. We would be able to afford the repayments on our own if we needed to. + +My parents are in their 60s, still working and are renting a house at £400 a month. They'll both be on state pension but are likely to continue working as they won't have much money. + +My thoughts were to buy this house for £60k and try get a 15 year mortgage on it, have them pay me the £400 a month to cover the mortgage. Then if they can pay off the mortgage they will have less to worry about as they head into old age. + +&#x200B; + +I understand theirs always risk attached to these things but with the house only being £60k it's an interesting prospect. It also gives us experience in purchasing a second home which is something we are interested in as a potential investment opportunity. I just wanted to hear if anyone else had done something similar? and if anyone knew of anything I'd need to consider that I haven't already? +I am currently in college, graduating in December 2022 with no debt. + +I have a part time job making minimum wage. + +Should I invest this money anywhere right now if I will need it to move out in 2-3 years? + +or should I just put it in savings and invest when I move out and get settled? + +&#x200B; + +edit: I see a lot of people are saying yes, what would you recommend I invest in? +I am currently in college, graduating in December 2022 with no debt. + +I have a part time job making minimum wage. + +Should I invest this money anywhere right now if I will need it to move out in 2-3 years? + +or should I just put it in savings and invest when I move out and get settled? + +&#x200B; + +edit: I see a lot of people are saying yes, what would you recommend I invest in? +Has anyone noticed the number of “check out my portfolio” posts seems to be more frequent now? + +Can we get a sticky at the top of the community for these posts to go to? (Please). + +Edit: I’m all for people getting their portfolios looked at, but tired of it being every 4th or 5th post. We need somewhere to consolidate all these type of posts. Like a sticky, separate community or mega thread. +Fuck you this is not a shitpost + +Let's get the guy in here. He routes almost 50% of all retail trades, we have questions regarding the routing of 90-95% of all retail trades. He runs a business most if not all of us have done business with whether we know it or not. Let's get him in here to answer some questions about how market-making works. + +Pretty sure they're inventing the new iteration of darkpools too so we should get some info on that if all of our trades will go through it. Seriously, let's campaign to have him come chat here. I'm sure we're all capable of adhering to the highest standard of respect and decorum, I have no doubt we'd give him a big welcome. + +&#x200B; + +Edit: Thank you all for the engagement, the discussions, the controversy (got into some BS club or something idk how reddit works), and the awards. Tried catching up on them but a couple didn't give me an option to say thanks so please accept this edit as my appreciation. And have a great rest of your day apes +Hi all! I have been working on an R package that uses machine learning time-series forecasting methods to help with stock picking. I just built in the backtesting functionality and tested out 57,298 out of sample forecasts. + +# Approach + +To test our forecast methods, I evaluated 57,298 out of sample predictions for 300 companies from the current S and P 500. I used the exact same parameters that I have been using to produce my newsletters. This historical equity price data that I used for these tests spans from 1998 to February. + +For our predictions to be useful at face value, we need the stocks that I have been talking about in the risers section to go up more than the average stock, and the stocks that I have been talking about in the fallers section to go down more than the average stock over the same period. + +For the purposes of this analysis, we defined “risers” as any stock that was projected to increase by > 15% in the two week forecast period. “losers” were defined as any stock that was projected to decrease by >15% in the two week forecast period. + +# Results + +In the ideal situation, we would like our projected returns to correlate well with actual return so that we could put stock in the actual numbers associated with forecasts. That uhhh doesn’t seem to have occurred. See below + +https://preview.redd.it/x4tv0bl94ml61.png?width=835&format=png&auto=webp&s=f8cd116da3b12a647131eab1e07354c9173ccd14 + +The colors refer to the different groups that I have been showing you in my posts. As you can see - there doesn’t seem to be any relationship between forecasted return and actual return. So what groups have we been looking at? How do the “risers” differ from the “losers”? Are these groups any different from just picking a stock at random? I tried to answer some of these questions in the table below. + +https://preview.redd.it/eeo40m9c4ml61.png?width=922&format=png&auto=webp&s=bf3d82cd08d44cf31377adbc331cfb58a5c8c758 + +As you can see - there are some key differences between the three groups that traders might be interested in. The first is volatility. The standard deviation of return for the middle / average group of stocks was significantly lower than for the “gainers” and “losers” groups. Volatile stocks are obviously where the money is in the short-term, so its nice to be able to pick out stocks that are likely to move. + +Surprisingly, the “losers” group actually outperformed the average stock by more than a factor of 3 and outperformed the “gainers” group by almost as much. Nearly 60% of the 858 stocks in the “losers” group ended up with a higher stock price 2 weeks later - compared to 54% in the gainers group and 55% in the middle group. + +# What if we used a 10% cutoff for risers and gainers instead of 15? + +https://preview.redd.it/xtnd539f4ml61.png?width=933&format=png&auto=webp&s=a6fd77b11ceef237dc8addd385480e39473ee8fa + +Looks like the same story! the “losers” category performed the best, and both of the categories that I have been highlighting in my posts outperformed the “middle” category. + +# Where do we go from here? + +I welcome feedback but here is my current plan: + +1. I am going to keep developing and keep testing to try and build a model that can actually forecast returns with some reliability. +2. I will no longer report projected returns when I share these securities. Considering what I know now it seems irresponsible to share these specific numbers that I know to be uncorrelated to actual returns. +3. I will scrap the risers and fallers sections and lump the securities projected to move most (agnostic to direction) into a “volatility index” for you to peruse through and try to find stocks that you believe in. +4. I will still share the charts as I think it helps with the process of trying to parse out which of these volatile stocks will be winners vs. losers. + +edit: package is up! [https://github.com/DavisWeaver/stonkr\_public](https://github.com/DavisWeaver/stonkr_public/tree/main/R) +HSBC is taking a $3bn hit to exit its French retail banking network, selling the business to US private equity group Cerberus. + +The sale for a token €1 follows protracted negotiations with Cerberus, which is buying HSBC’s 244 branches and 800,000 customers in France through its subsidiary MyMoneyGroup, a consumer lending group. + +The deal is the latest step in HSBC’s plan to increase its focus on Asia while slashing costs in the west, including 35,000 jobs in Europe and the US. The bank last month sold its 150-branch US retail network. + +[Financial Times Source](https://www.ft.com/content/e22e7fe3-1aec-411f-ae24-080b7c2c5d3e) +I want to look youthful for as long as possible. I work out, don't smoke, drink socially. + +Currently 25. Have a dermatologist that has gotten me prescribed and tailored skincare routine (retinols, retinoids, vitamin c serums, moisturizers, sunscreen). But having a skincare routine is all I do. + +Anything else you guys do to preserve your looks? + +I know there's some really outlandish expensive procedures but don't even know what they're called. I don't need to do anything crazy, just want to slow down aging as much as possible. **I'm trying to find any expensive procedures that most people wouldn't even know about. If it costs $100K but I can look 10 years younger forever, I'll do it.** +I travel frequently and enjoy staying at finer hotels. Often, I will see a larger suite available for purchase, but the prices are ridiculous. + +If the base room at a Ritz Carlton is $1,000, the suite will be a little larger, but $5,000 per night. At Four Seasons, it is even worse, with suites sometimes costing $10,000 per night and being the size of a small one bedroom. + +Does anybody here purchase these rooms? If so, why? Is there some hidden benefit I am not seeing or are these just for Saudi Princes who have the money to spend? Why not get a nice apartment for a month instead of rent one of these rooms for 2-3 days? And why do hotels not offer reasonably priced suites, perhaps proportional to their square footage? + Hаkunаmаtаtа is а rеcеnt tоkеn thаt just lаunchеd аnd its bееn pеrfоrming vеrу wеll еvеn in а mаrkеt thаt is vеrу bеаrish аnd hаs gоnе аs fаr аs tо еvеn ехcееd thе vеrу ехpеctаtiоns thе оwn cоrе tеаm оf thе prоjеct. Thе cоin hаs dоnе vеrу wеll аnd еvеn thоugh bеing аbоut 7 dауs оld thеn it wеnt tо bе оnе оf thе tоp trеnding cоins оn cоinmаrkеtcаp аnd wаs оnе оf thе biggеst gаinеrs аnd аlsо with this hаd bееn mоrе visitеd thаn mаnу cоins thаt аrе еstаblishеd with а hugе numbеr оf hоldеrs. + +This tоkеn hаs bееn dоing а lоt wеll mаinlу duе tо hоw wеll put tоgеthеr thе prоjеct is, thе dеvs hаd bееn dоххеd а lоt bеfоrе prеsаlе which prоvidеs а sеnsе оf sеcuritу fоr thе invеstоrs, 13% pаssivе incоmе in thе fоrm оf а split оf 6% rеdistributiоn аnd 7% frоm еаch trаnsаctiоn, chаritу bеing а fоcus fоr Hаkunа Mаtаtа аnd thеm bеing cоntinuаllу аblе tо dоnаtе аnd sоlvе mаjоr prоblеms аrоund thе wоrld duе tо 1% frоm еаch trаnsаctiоn gоing tо thе chаritу wаllеt. + +аlsо thе tоkеnоmics аrе implеmеntеd in а wау thаt prеvеnt whаlе mаnipulаtiоn аnd swing trаdеrs. + +аlоng with whаt аll thе tоkеn currеntlу hаs it hаs sоmе big plаns cоming up such аs it will bе listеd оn sоmе ехchаngеs sооn, it hаs its mаrch cоming оut аnd whаt’s mоrе biggеr is thеir first оf its kind chаritаblе NFT plаtfоrm thаt thеу plаn tо lаunch lаtеr аnd it bеing first оf its kind is thаt it аllоws fоr аrtists аnd musiciаns оn thе plаtfоrm tо cоntributе аn аmоunt оf whаt thеу еаrn tо а chаritу оf thеir chоicе. + +Cоntrаct: 0x355389292d8c963719fdaf0651f7846d6c504448 + +Wеbsitе: \^\~hakunamatata.finance/ \~\^ + +Tеlеgrаm: telegram.me/tatatoken + +Twittеr: twitter.com/tatatoken +Took a look at Intel recently and like the way things will be looking in the next few years based of management expectations. If you don't want to read, YouTube video available here: [https://youtu.be/n2WFUDxHo7E](https://youtu.be/n2WFUDxHo7E) + +***Key Highlights from Filings:*** + +* Intel has been going through a pretty big shake up in the last year or so, this all started when Third Point (Activist Investors) put some pressure on the company +* As a result of this the company has hired a new CEO, CPO, CGAO, CFO, and CCO - Basically they have turned over the top brass for the most part and started to implement a new strategy to grow the stagnated firm +* IDM 2.0 is Pat's (CEO) strategy to invest in foundries to secure their supply chain and manufacturing while reducing costs. This will cost \~$50Bn in capital investments over the next few years to build out 4 foundries (2 in Arizona, 2 in Ohio, along with updating 3 foundries in New Mexico, Malaysia, and Rio Rancho) +* They plan to take their Mobileye division public this year, current estimates put the valuation at around $50bn. Intel will maintain a majority ownership of the company +* The company is anticipating improved margins and revenue growth after these facilities are completed in the coming years, press release here: [https://www.intel.com/content/www/us/en/newsroom/news/intel-highlights-2022-long-term-growth-strategy-investor-meeting.html](https://www.intel.com/content/www/us/en/newsroom/news/intel-highlights-2022-long-term-growth-strategy-investor-meeting.html) +* Intel appears to be in a good place and has a solid strategy in place with new management + +***Valuation:*** [https://docs.google.com/spreadsheets/d/1BEkF-WokspDTHF3JVgXmsJGuZ4ro8w-K/edit?usp=sharing&ouid=111740554424893797741&rtpof=true&sd=true](https://docs.google.com/spreadsheets/d/1BEkF-WokspDTHF3JVgXmsJGuZ4ro8w-K/edit?usp=sharing&ouid=111740554424893797741&rtpof=true&sd=true) + +* You can download my model by using the link above and going to file -> download. This will allow you to tweak any of my adjustments / check my work. Please let me know if something looks off in the model +* I've applied management guidance for all years based off the above press release +* This assumes moderate revenue growth with high capex over the coming years leading to a negative cash flow to be turned around a few years out when investments in the new foundries are complete and revenue will start to tick back up +* WACC I've sensitized from 6-10%, I feel like 8% is probably pretty fair for a company that is as large and stable as Intel + +***Conclusion:*** + +* I think Intel looks great and has a good new management team attached to them. They are in just about every sector that uses semi-conductors and with the imminent IPO of Mobileye I think this will unlock a lot more value for investors +* We are at an exciting time in history where just about [everything](https://www.trypura.com/?gc_id=1650507019&h_ad_id=358120948263&gclid=Cj0KCQiAmpyRBhC-ARIsABs2EAoH2OUzYDFoZmQEsMZs7IAcFe2pHCGxy7AupjW24fp1YVbRfq8CfuIaArdzEALw_wcB) is being connected to the internet and Intel is in a great position to be a part of every aspect of this transition and be a leader in the space +* I believe with fresh new leadership with a solid investments to secure production and control costs Intel has a bright future ahead of them + +Thanks for making it this far! If you have any questions about my thought process or DCF feel free to let me know and I will try and answer. + +As always I am not a professional investor, hold no position in Intel, and do these valuations for fun. They are not to be taken as investment advice. +Listen guys I'm not your mom nor your financial manager. + +\+ Mods don't delete + +I'll take my negative karma bomb as well.... + +okay listen, it will be quick and brutal but if it saves 1 life, it will be worth it. + +&#x200B; + +The number of people + +\- asking how to create a trading account + +\- how to pass an order + +\- when to invest / if its too late / if its ok to all-in your life savings + +\- says / post screens of leveraged positions using borrowed money / students loan / maxed out credit cards & so on + +STAY AWAY FROM THE MARKET . + +IT IS NOT ACCEPTABLE . + +WSB MEMBERS, PLEASE, YOU MUST NOT ENCOURAGE THIS. + +This place used to be full of educated people "who didn't know what they were doing". Now , it's just full of UNEDUCATED PEOPLE. + +Please, consider that BUYING implies that your money is now INVESTED IN THE MARKET and that IF YOU NEED AN ADVICE ON HOW TO INVEST, YOU WILL PROBABLY SEEK FOR ADVICE ON WHEN TO SELL. + +but guess what ? nobody will help you on that. + +**Some lives are about to be ruined. I'm not saying GME is gonna tank, I'm just kindly asking you to NOT PLAY WITH YOUR LIFE SAVINGS / BORROWED MONEY.** + +**in the past, lots of topics / comments / threads in this sub ended up with suicidal declaration, ruined life, people that lost their cars, their work, their wife and family, their home, and even their LIFES. You need to understand SOME PEOPLE ARE NOT ABLE TO MANAGE A LOSS AND ITS A LIFE THREAT TO THEM.** + +WALLSTREETBETS IS FULL OF STORIES OF PEOPLE THAT LOST EVERYTHING. + +PLEASE, DO NOT ENCOURAGE BORROWING MONEY / GAMBLING LIFE SAVINGS. + +IF YOU ARE THINKING ABOUT BORROWING MONEY / USING LOAN , PLEASE RECONSIDER IT A 100000000 TIME. DO NOT DO IT IF YOU ARE F\*\*\*\* IF IT FLIES AWAY. PROTECT YOUR LIFE & YOUR FAMILY. + +BE CAREFUL DO NOT PLAY WITH YOUR LIFE PLEASE. + +&#x200B; + +Now back to buying GME. + +&#x200B; + +Regards, + +&#x200B; + +one of us. + +&#x200B; + +Edit 1 : + +ugly loss porn for the sceptical : + + [https://www.reddit.com/r/wallstreetbets/comments/hhg42u/people\_who\_have\_lost\_everything\_what\_happened/](https://www.reddit.com/r/wallstreetbets/comments/hhg42u/people_who_have_lost_everything_what_happened/) + +[https://www.reddit.com/r/wallstreetbets/comments/hz5idt/the\_comedy\_how\_i\_lost\_all\_my\_money\_in\_two\_hours/](https://www.reddit.com/r/wallstreetbets/comments/hz5idt/the_comedy_how_i_lost_all_my_money_in_two_hours/) + +[https://www.reddit.com/r/wallstreetbets/comments/g9cdzz/lost\_everything\_because\_of\_stupid\_calls\_i\_am/](https://www.reddit.com/r/wallstreetbets/comments/g9cdzz/lost_everything_because_of_stupid_calls_i_am/) + +people here used to be gambling addict, I'm not saying you are going to be, but please , young /first time investors/traders, analyze your emotions and keep BOTH EYES ON IT. IF YOU DONT UNDERSTAND YOUR FEELINGS, CHECK THIS. PLEASE BE CAREFUL. + +[https://www.mayoclinic.org/diseases-conditions/compulsive-gambling/symptoms-causes/syc-20355178](https://www.mayoclinic.org/diseases-conditions/compulsive-gambling/symptoms-causes/syc-20355178) + +Edit 2 : to the retards making money in the process. Do not forget that you will most likely have to pay TAXES. Do not forget it. Don't re-gamble everything you won out of it. + +Edit 3 : with the ongoing situation (-35% on $GME since open), please do not forget to share your loss porn and go fuck yourself. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Can anyone share their experience of purchasing and managing farmland in India. +1. Where did you buy +2. What was the reason for purchase. For ex. Building a farmhouse, Organic farming etc. +3. What was the cost per acre. +4. How much has it appreciated since. +5. Did you buy from realtor or directly from a farmer +6. Any pitfalls to avoid. +On September, I went to ER for 2nd degree burns while I was working for Pizza Hut and I had to go to the hospital. My RGM at the time said that the company would cover my bills. + +I left the Hut go work at another place that paid better around December 20th and because management changed and it wasn't a great place to work after that. + +Just today, I get a letter and a call from UC Irvine Health, saying that my worker's comp was unresponsive and that I owe them 4,503 dollars and that my workers comp only paid them 115 dollars out of the original 4.6K bill. + +The letter says I have till the 20th of February to pay and I'm really concerned and worried. + +Is there anything I can do? + +Edit: Just woke up and read thru the comments. The majority of you guys are telling me to hire a WC comp letter and/or settle it with my employer. +I do not hold crypto, although I obviously wish I did leading into this market. + +The biggest problem I see with crypto is its propensity for corruption behind closed doors. Elon and his friends can simply setup a gentlemans agreement to cycle between coins, leaving retail holding the bag every time. Don't bother doing your research--that costs at least a couple million for an annual membership at the country club. + +Stay safe with your investments and stick to solid principles. +My gf is a 29yo Finnish citizen, currently working as a software developer for a startup in Helsinki. She is planning to move in with me in Germany. The company allows her to work fulltime remotely. Do you know if there is any tax implication as she moves to Germany and registers here? Will she do her tax with German or Finnish authority? Anything else does she need to pay attention to before/after she moves? +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) +I know that there are tons of debate on this theory but has anyone been able to produce any statistical results that can actually prove/disprove it (would it even be possible)? +Fellow retards, godspeed today on our $GME $BB $AMC $BBBY whatever else journey, these days are historic and the fight must go on. + +BUT KNOW that we have been under the watchful eye of not simply lurkers, BUT STILL REMAIN UNDER THE CROSSHAIRS OF EVERY MAJOR PLAYER IN THE GAME of the stock market. + +With such a significant growth, I'm not so sure if the dust has settled, but trades being blocked and manipulation being the climax thus far (until ape together strong break through TO THE MOOOOOON), with such a huge influx of newcomers mixed with a shit ton of bots and other fake ass joiners, YOU MUST PROVIDE YOUR OWN DD AND ASSESS EVERYTHING YOU SEE! + +We are not a legion or some organisation or the very establishment we hate. We all have our own reasons to be here, but we are standalones at the end of the day. DON'T FORGET AND BE BURNED FOR IT. + +Godspeed retards, may our tendies be OUT OF ROBINHOOD FOREVER +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.](https://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.](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: 2048 days +xxxNifty is a registered business, utilizing Blockchain technology with it’s utility token. Their goal is to disrupt the Adult industry & fix the issues that modern day fiat & banking institutions have failed adult SWers & creators. All while exploiting them for profit, with no sense of stability to earn income safely. xxxNifty is doing this in the following ways: + +----World's Largest Adult NFT Marketplace to date. Creators monetizing on their content with no fear of chargebacks or banks saying no, by utilizing $NSFW as a payment. Web 3.0 Revolutionary NFT Marketplace upgrade coming soon! + +----Pleasurely.com, their OnlyFans replacement. Built by creators for creators. Interacting with creators will be as easy as the push of a button! Tip with $NSFW. Interact in live streams with $NSFW. Messaging and unlocking posts & other content with $NSFW! 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With great monetary perks. + +---- Nsfwpay.com making buying $NSFW a breeze via flooz trade! + +----New Centralized Exchanges are on the way, making $NSFW easier for the masses. + +----Being a payment on Adult sites across the internet in all facets. + +All of these giving $NSFW extreme scarcity, proving its worth in a Multibillion dollar industry across the globe. + + xxxNifty has been around since May 2021 & have many achievements, and so many more on the way. + +✔️1000s of Adult NFTs on their Marketplace. +✔️140+ creators on the platform to date (no matter of gender anymore!) Adding more daily +✔️1000+ NFT sales. +✔️8 partnerships w/ Adult Agencies, giving them more insight on the industry they're fixing. +✔️- Top of the line VIPs ( Amouranth, Lexi Lore, Stormy Daniels, NoFaceGirl, Ashley D, Cali Carter, Sarah Lace, Poly Annie, Adreena Winters, Jannicke Queen SkyDive, and Silfy Star) +✔️Deflationary Tokenomics benefit holders +✔️$13 million MC +✔️XXXNIFTY is a registered business, meaning devs and team are all doxxed +✔️TechRate Audit approved +Some people have what is called here in New Zealand “tall poppy syndrome”. People become envious and resentful when you got rich or more successful than them. + +Some people will go like “Wow, you’re rich now. Can you lend me $10,000. You have got $1m, $10,000 is nothing mate. Right?”. It will put you into a dilemma, and we know - if you lend them $10,000 you might lose $10,000 and your friend as well. + +Some people will try to scam you. This is especially true if you go tell the world on the Internet about your wealth. + +Some people will tell other people about you getting rich from crypto as if you won lotto. They will think your gain is ill-gotten and you don’t deserve it. + +Some people will be like “Oh you should have told me about this opportunity mate”. Right, even if I told you back then, you wouldn’t buy anyway!! + +So save yourself some trouble. Keep your mouth shut, keep your seeds safe (and please use protection - even with your girlfriend!) +Greetings Apes! + +I'm not sure very many of you need this DD as I assume everyone at this point knows the thesis and has done their research. All of you have proven your mettle and diamond hands for months. + +https://preview.redd.it/blytmjxs3yl71.png?width=589&format=png&auto=webp&s=624cc21a88d65666362254bc3852391144d14768 + +I feel as someone that contributes in my own small way to this community that I should express my feelings toward some rumblings I have been hearing... + +As many of you have become aware there are cycles that effect the price of GME as more and more data becomes available to us with the passage of time, we are beginning to realize these. + +Retail should not attempt to trade these cycles for two reasons + +1. Selling shares reduces the potential effect of each run +2. While we have some evidence of these cycles we have zero knowledge of their reliability. Many times throughout this we have been surprised by SHFs ability to manipulate breakouts and expected movement. + +But with the idea of swaps and other derivatives operating on cycles greed can take hold as long term profits become ignored in order to profit off short-term movement. + +**This is not the way.** + +**MOASS only works because apes buy and hold** + +We may not do a lot to effect price discovery in the short term honestly retails cash injections are not really noticeable on short time frames. + +But the effects of the strategy employed **separately** by hundreds of thousands of apes is what forces MMs and SHFs alike into terrible positions week after week. Every share bought and held regardless of cost basis is another cut added to the thousands that will eventually bleed them dry. + +I know some of these cycles seem obvious but **the underlying causes are not yet fully understood**. However, greed is a strong motivator, and a definitive cycle encourages trading regardless of ideologies. + +**Remember that shares of GME represent a piece of a company that is carrying a short interest of 200+% and are part of a float that has over 300+% ownership. These shares carry potential energy unlike any stock that has traded before it, to trade these shares openly on the markets presents the short hedge funds a way out of what is currently an inescapable position.** + +Since technical analysis is my thing let me show you in the best way's I can prove the buy & hold strategy is effective and guarantees MOASS. + +# The Foundation + +Retails buy and holding present a difficult challenge to the SHFs and MMs alike by creating an almost impenetrable wall that they can't break though. That's right exponential floor guy was right...but maybe a little rigid in his analysis of what this meant. + +[An example of exponentially increasing price with every cycle](https://preview.redd.it/mbe21obojxl71.png?width=2454&format=png&auto=webp&s=0723dac584f19a06c71e96c63dc5e23231a0978a) + +This also gives a very good example of when the last time apes released shares into the market. Ever since the flash crash in march there has been little to no selling by retail. + +This theory is very simple **selling shares reduces the potential growth of each cycle**. + +Another visible effect of holding is that it reduces the amount of downward pressure that can be applied to the stock. So even though billions of dollars have been spent each time to drive the price down the lowest possible price keeps getting higher. + +[Consistently Higher Lows](https://preview.redd.it/twy38f0rrxl71.png?width=2460&format=png&auto=webp&s=0a1abebeb953b1be78e70c8daa1400956ed51502) + +# Illiquidity + +Another effect of buy and hold is that over time the stock becomes very illiquid. The short hedge funds continue to pump synthetic shares into GME's float and apes continue to buy them. Not only effectively reducing the number of tradeable shares but also forcing short hedge funds to create more synthetics in order to cover previous FTDs. + +These compounding losses worsen over time as long as the floor (shown above) continues to rise the constant losses on the short positions compound exponentially. + +Additionally the constant hammering of the bid in order to suppress day-to-day price action increases the spread between bid/ask. + +Meaning, when SHFs finally have to cover their cycle of price suppression that covering raises the price much much faster. Making the next cycle even more difficult to suppress. + +[Fucked Hedge Funds on the 1D timescale](https://preview.redd.it/r0nt761dvxl71.png?width=2460&format=png&auto=webp&s=de58f84186d92232b599821719b3ffeb814efe20) + +# A Little proof the shorts haven't covered + +Something new and old apes alike ask and probably the best theory to come out of that cesspool of paper hands over at meltdown. + +How do we know they didn't cover in January? + +Well maybe this helps explain it. + +[Representation of the \\"original\\" GME short position on long-term OBV. ](https://preview.redd.it/80ru50sc2yl71.png?width=2459&format=png&auto=webp&s=bddbd66f36eb1b33131b2569e960db4b27aaaefc) + +# Options + +I have not, nor will I ever encourage apes to participate in options on GME, unless they understand the risk involved. However, this is the only solution that I see that could possible satiate the inevitable greed of attempting to trade these cycles without sacrificing the floor apes have so diligently built. Nobody was ever hurt by a little education. + +So I think it's best to cover the advantages and disadvantages, best use case for GME, and some additional material. So apes can begin to educate themselves on this financial derivative. + +As always I consider better informed apes stronger apes. + +**Why not options?** + +Well for most people, especially inexperienced traders, the risk of options far outweighs the rewards. Losing money on these contracts essentially shovels hard earned money into the hands of Market Makers. Lack of understanding of options ultimately will lose people that do not understand them money. + +**Why Options?** + +Options present a contractual ownership in the underlying. They are a leveraged position meaning they represent control of 100 shares of the underlying per contract. As retail this can be beneficial as you can leverage a much larger number of shares than you can afford to buy at market with less capital exposure. + +**Best use case:** + +Options Yolo's of old are ineffective on GME. While we know the stock will go up it has been traditionally very difficult to predict exactly when. This is the primary reason so many apes have lost so much money on GME options and essentially why their use is frowned upon. + +The best use case for calls on GameStop are near or [in the money calls](https://www.investopedia.com/terms/i/inthemoney.asp) with far out [expirations](https://www.investopedia.com/terms/e/expirationdate.asp) (at least quarterly or greater). + +These give plenty of time for the price to move favorably, If the price moves against you you will suffer less in losses than you would if you owned the underlying. + +The most valuable part of a GME contract is without a doubt... + +*theta-* The term theta refers to the rate of decline in the value of an option due to the passage of time. It can also be referred to as the time decay of an option. This means an option loses value as time moves closer to its maturity, as long as everything is held constant. Theta is generally expressed as a negative number and can be thought of as the amount by which an option's value declines every day. + +The primary reason "cheaper" contracts are so affordable is that they have very little theta left and expire in a short time period. These options are cheaper because the risk present to the seller of the contract is lower. + +Meaning it is **more likely to lose you money.** + +**Educational Sources for learning more:** + +I highly suggest that anybody interested in options reads through these articles at a **minimum** and downloads a **paper-trading platform** with options like TDA's Think or Swim and practice options trading before ever considering using real capital on these risky investment vehicles. + +[Basic Guide to Options](https://www.investopedia.com/options-basics-tutorial-4583012) + +[Options Strategies for beginners](https://www.investopedia.com/articles/active-trading/040915/guide-option-trading-strategies-beginners.asp) + +[Options Greeks and what they mean](https://www.investopedia.com/trading/using-the-greeks-to-understand-options/) + +&#x200B; + +# Conclusion + +While the short interest on GameStop basically guarantees a squeeze the parties involved in shorting it have Trillions in assets. They can and will do everything in their considerable power to drive the price down on GME and maneuver themselves into a position that is more equitable. + +Buy & Hold prevents this buy constantly increasing the losses they sustain on their short positions they are left in a spot where they cannot get out from under them. + +**This is a siege not a battle, and they are starving.** + +https://preview.redd.it/jg8k6vomwxl71.png?width=630&format=png&auto=webp&s=5fe14811cc2c0890a162e3e4f7bdd5b3db43c7ec + +**One final note:** + +Ronald Wayne was one of the original founders of Apple, twelve days later, he sold his 10% share of the new company back to Jobs and Wozniak for US$800, and one year later accepted a final US$1,500 to forfeit any potential future claims against the newly incorporated Apple, totaling US$2,300. + +That stake would have been worth $264B as of market close Friday... + +Don't be a fucking Ronald... + +[Paper-handed bitch](https://preview.redd.it/d8vnqq05byl71.png?width=407&format=png&auto=webp&s=a03b856d9df31d20fc873fd4aa553a97a8a9b29b) + +Buy & Hodl + +&#x200B; + +If you want to see more information on this subject matter feel free to join me in the : + +If you missed my [Discussion on the GameStop thesis with Tradespotting check it out here](https://www.youtube.com/watch?v=cV5tyCAvdKk&list=PLLZAlefVs0gJCEi2OIKO1xdEnk3x1SMT5&index=3) + +Daily Live charting (always under my profile [u/gherkinit](https://www.reddit.com/u/gherkinit/)) from 8:45am - 4pm EDT on trading days + +Join me, on my [YouTube Live Stream](https://www.youtube.com/c/PickleFinancial) from 9am - 4pm EDT on trading days\* + +Check out the [Discord](https://discord.gg/BGmjnrvHnw) for more stuff with fellow apes + +**As always thanks for following along.** + +🦍❤️ + +\- Gherkinit + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +I think this should go without saying especially in this sub but value investors(stupid term), people who look for asset mis-pricing’s with a large margin of safety that are trying to beat the market should be looking at the stuff people do not want, not can’t get enough of. If people are buying semiconductor companies hand over fist, it’s probably good form to stay away from the bunch. The biggest winners that are selling semiconductors right now? The people that were buying when market participants could care less. This is where we want to be ideally, in the places people don’t want to be. To beat the market, you NEED to deviate from it. Buffets says, “It is better to pay attention to something that is scorned than something that is being championed”. Recently I’ve seen talk of Apple being a “safe haven” stock and China being un-investable. Im sure you’ve seen the same rhetoric on these subs, on CNBC, ect and the prices reflect that. Our job is to unpack these underlying assumptions and try to understand them. If people are treating a company’s stock as a “safe haven”, it’s safe to assume that people are not paying enough attention to the valuation and respective returns that come with it. We know this is a recipe for disaster. We see this in reverse in China. Go look at any financial sub where the topic is Chinese stocks and count how many replies say “wouldn’t touch with a ten foot pole”. Investors are saying there basically is no price low enough to be interested. This is literally the opposite of investing. Safe to assume China is one of the most bargain ripe markets on Earth if not the most. I am not advocating for Chinese investments or against Apple, I’m advocating for looking for these pockets of irrational behaviors. If we want to catch the big fish, we have a better chance at the ponds with little to no anglers standing on the banks and not vice versa. +I'm a 20 year old college student. When I was 16 my dad passed away and I inherited his estate which is currently worth 350k. I'm on summer break right now and I really don't want a summer job. I just want to enjoy my summer, hang out with my friends and pursue my hobbies. My Mom disagrees with me and says I'm a loser. She thinks I need to continue to build my savings and it will give me some work ethic. I obviously don't need the money but what would you do if you were me? +It seems I am missing a part of the equation, please help me out. +If I search online for "what is a good roi on rental property" I get unbelievable answers like above 15% or even 20%, is this even possible? +I have an apartment in Hungary, the Rent I receive is about 5% of the value of the flat (yearly), face value seems to be a good investment but out of this 5% income I have to pay the company who manages the flat and the tenant (10% of the income), taxes (\~15% of the income), insurance (about 5% of the income) and set aside a budget for maintenance/repairs, you could even factor in inflation (3% inflation in Hungary yearly). +At the end of the year I have a feeling that I am actually loosing money! The flat is not rented out to friends for a cheap price or anything like that, it's on market value. +I currently live in Switzerland and just out of curiosity I made the same calculation for the flat I am renting here, the initial income on Rent to the person I am renting from before any deductibles is 3% of the property value! Even less than what my flat in Hungary produces. +I don't get how anyone online could claim ludicrous percentages like 15 or 20%, is it possible that it works that way on the other side of the ocean (USA)? Or am I just totally missing something? + + +At this point I am totally of the opinion that people who own and rent out 1-2 flats barely (if at all) make money off of it. +We were doing it. We were finally doing it. We were going public and we were all going to be rich. + +I was an early employee at a unicorn startup that went public. While I wasn’t on the IPO team I was privy to much of the process. I knew that if it went well it would be life changing for me (it did, it was), so I kept close tabs on the whole thing. Even if you know your company is going public, you almost certainly will not know when. Such information is carefully guarded from the rank and file, but hints get dropped. Executives have a bit too much to drink. Unexplained bankers show up at the office. Calendars and business cards are left on desks. + +I’m not going to talk about private jets, excitable bankers or getting drunk on IPO day. This is a timeline of our IPO so that those that find themselves in a position similar to mine, with perhaps less access to information than me, might be able to pick up on clues about where their company is in the IPO process. + +&#x200B; + +**Month 1: Let’s do this** + +If your company is the sort of company that will eventually go public then company leadership has been talking about it since the founding of the company, but at some point it’s time to get down to brass tacks. The founders and large investors will get together and say “Look, let’s get moving on this, the IPO window is opening and we need to be ready” + +While you can find plenty of IPO timelines that say it will take 4-6 months, that’s a misleading timeframe. In reality it takes 4-6 months from the organizational meeting. Companies that have just started talking internally about starting the IPO process are 12-18 months away from the organizational meeting stage. Work backwards 6 months from the end to find out what the organizational meeting looks like. If you’re paying attention you’ll know when it happens. + +&#x200B; + +**Month 2-4: Early research, bankers** + +Your leadership team, principally your CEO and/or CFO (hereafter known as the CZO) will start meeting with bankers. If you’ve noticed that your jeans wearing CZO sure seems to be meeting with a lot of suits lately, it would behoove you to figure out who those suits are. If they’re from major banks (think JP Morgan, Citi, Morgan Stanley, Goldman Sachs, etc) then something has started to move. Chances are the CZO is trying to suss out which banks might be interested in leading your IPO. These meetings are largely informal and chatty. Your CZO will be working extensively with these people, and they want to know they’ll get along with them. + +Your CZO will meet continuously with bankers, investment firms, analysts and other financial industry suits throughout this process. You’ll start to recognize important names and faces. The more you see someone from a major bank, the more likely they are to be important later. + +Much of the early stages of the IPO process will involve only your CZO, however word is going to start to get out, so they’ll convene a meeting of high level leadership to go over what’s happening. + +&#x200B; + +**Month 5: IPO team, bankers** + +At that same meeting, your CZO will explain that a team will be formed to handle the IPO. Almost everyone in senior leadership will play some role, but there will need to be a core team who will handle the IPO details. This will largely be made of your C-suite and very senior VPs. At this stage, the fewer people that know exactly what’s going on, the better. Why? Because IPOs are very distracting. Chances are you’re reading this at work right now, instead of working. That’s a problem for the company as leading up the IPO they’ll need you to be as focused and productive as possible. + +&#x200B; + +**Month 6: Bring in the lawyers, bankers** + +So far we’ve only discussed the business (CEO) and financial (CFO) side of things, but there’s another part of the business that will be spending more, close to all, of their time on this IPO thing: Legal. If you’re going public you have in house counsel, but you will likely retain an outside firm that specializes in public offerings. This part works like bidding out a contract, or picking a bank to lead the offering. Your IPO team will invite several firms in to pitch, and they’ll pick one. + +**Tip**: Find out which firm they picked. There really aren’t very many to choose from, and they all have a PDF somewhere on their website that describes their general process for an IPO. Try Googling the name of the firm along with “IPO timeline”. This document will give you an idea of the sort of work that will be taking place, and who within your company will be involved. Keep an eye on what your C-suite and legal counsel are up to and you’ll eventually observe parallels with this document that will provides hints on where in the IPO process your company currently stands. + +At this point, your company has started to pay outsiders to help, so there are inside matters to attend to, like handing out extra stock to valued employees. If you haven’t asked for more stock lately now is your last good chance to get an outsized slice of the pie. You’ll regret it if you don’t. + +In relation to the stock thing, your company will start working to figure out how to manage internally issued stock, if they haven’t already. They will probably interview a number of online trading platforms to find one that works well for their requirements. This platform (eg Schwab, Fidelity, TD Ameritrade) will allow you, the employee, to exercise options and, when the time comes, sell stock. Though usually you won’t be able to do any of this online until the company actually goes public. Expect it to be many months before said platform is actually available. + +**Months 7-10: Executive and board shake up, bankers** + +It’s not that things are slowing down, it’s just that the things that need doing take longer, and there isn’t much as much visible progress to be made until they’re done. + +By now your CZO has been meeting with bankers for half a year or more. They probably have a good idea which bank is going to lead the offering, but probably not which other banks will also be involved. This is important because the experience of that lead bank is going to drive your offering. A reputable bank will want a blockbuster offering, and they’ve seen enough of these to give your CZO advice on what your company needs in place to accomplish that. + +This phase will involve some tough decisions: Is your CEO the right face for this company? If not, it’s new CEO time. What about your CFO? Have they been the CFO of a public company before? Have they been through an IPO before? Don’t be surprised if there’s big leadership shakeups at your company at this point. In fact, some shake up is probably required. + +For example your private company’s board is probably made entirely of company founders and early investors. This won’t fly in the public market. The public, and indeed the SEC, demand the board work for the benefit of all share holders. Specifically your existing board will be looking for someone external to lead an audit committee. You will likely see your corporate board expanded by a seat or two. If your board was made up of entirely white men, expect to see some diversity brought on. + +&#x200B; + +**Month 11-14: Early marketing, research, bankers** *(are you seeing a trend with bankers yet?)* + +The IPO team may or may not include your highest level marketing executive, but if it doesn’t, it will now. They, along with the bank that will likely lead the offering, will work with your CZO to develop a strategy and pitch for the company. You’ve been at your company for years, you know what they do, public investors do not. If your company doesn’t have a <5 word story that both identifies your purpose and differentiates you from competitors, you will probably hear about one soon as this kind of to-the-point messaging will be necessary for your S-1 and follow-on roadshow presentation. + +Around this time you might start seeing people on the periphery of banking appear: Analysts. These are people and companies that write about stocks. Your CZO will want to develop a relationship with them as, when the IPO happens, these people will provide analysis and price targets. You might not recognize the names of these firms, but if your CZO is meeting with companies you’ve never heard of, fair bet they’re analysts. + +In addition to covering the stock when you go public, these analysts can also provide insight into other recent offerings and their interactions with those companies CZOs. You might even see your CZO meeting with the CZO of other companies in your space that have recently (within the last 5 years or so) gone public. Your lead banker might be helping arrange these meetings. + +With so many outsiders involved, don’t be surprised if the press picks up on your upcoming IPO. + +&#x200B; + +**Month 15-18: More marketing, investor relations, bankers** + +Throughout the remainder of the process you can expect your CZO to meet regularly with analysts, but now that you’re getting closer to officially kicking off the process your company might bring in an investor relations specialist. This job might be posted to the careers/hiring page of your website, but probably not. + +If your company hasn’t rolled out the online trading platform yet, expect it soon. + +Some time in here there will be a board meeting, It’s in this meeting that the board will give the go ahead to start signing contracts for people to work on the IPO. The full suite of bankers will be chosen, with at least 2, possibly 6 or 8 or more banks eventually involved in selling the stock to large institutional investors. + +&#x200B; + +**Month 19: The organizational meeting (aka the org meeting)** + +Now you can start counting down from those 4-6 month IPO timelines that every major consulting firm in the whole world has a PDF all about on their website. I encourage you to read them, they’re useful. + +There’s about to be a lot of people at the company involved. There will be a large meeting, and everyone that matters will be there. Important people from every department of your company will be there. If you’re paying attention, it will be obvious when this meeting occurs. You should’ve been paying attention throughout this process so there should be names you recognize. + +This is a tough time for everyone involved. They need to stay focused on the company’s success, but IPO matters will come first. Previously there were very few people involved, really only the C-suite and maybe a handful of very senior executives, so keeping information under wraps was pretty easy, even casual. With so many new people involved there will be a renewed focus on secrecy, but there will just be too many people to keep things completely quiet. + +At this point, things will move quickly and several things might be happening at the same time, so pay attention. + +At this stage the most pressing concern is getting the first S-1 draft submitted to the SEC for review and comments. Your CZO will start working on their intro/story section, and your legal team will start working with external counsel to identify items for the “risk factors” section of the S-1. + +Speaking of legal, your internal legal team will start holding A LOT of meetings. Most of these will be with any external parties to the IPO, eg bankers and lawyers. This is the “due diligence” stage. Each of these meetings will likely cover a specific topic, for example: Taxes, auditing, insurance, security, probably other stuff. + +&#x200B; + +**Month 20: First S-1 draft** + +In the old days you’d know when this happened because it would end up on SEC’s website. The “JOBS Act” of 2012 allows most private companies to file confidentially now. Now you’ll have to look for hints. There were a lot of people involved in drafting this, so maybe chat some of them up? You might even read about it in the press if someone leaks it. + +After the S-1 draft goes out, more people start to get involved. This whole IPO thing is a big deal, and an excuse to have a big party. Keep your ear to the ground for indications of event planning for an unknown or coded reason. + +Parties are fun, but the next big thing is the roadshow presentation. You’re still a long ways away from the roadshow, but it’s also a very important part of the process, so the ball will get rolling early. Several parts might be in motion here. There will definitely be a slide deck of some kind, but slick videos have also become popular. Keep an eye out for film crews getting b-roll around the office. + +&#x200B; + +**Month 21: Testing the Waters** + +The run-up to the roadshow is full of tweaking the slide deck. One of the popular way to get feedback, and unofficially hype your offering is to conduct a sort of trial roadshow sometimes referred to as “Testing the Waters” or a “Non-deal roadshow). Your CZO and a few other upper executives will travel to New York or the Bay Area to meet with prospective IPO investors. They’re not allowed to actually make an offer to sell during these events, but they can get feedback. Testing the waters helps in refining the pitch, gauging interest and, importantly, refining the offering price that will be listed on the S-1 when it’s made public. + +If you’ve gotten wind of when this is happening it can be a very good indication of when your S-1 will be made public. Rule 163A says that Testing the Waters meetings much conclude at least 30 days before the S-1 is made public. + +Also, by now the SEC has gotten back to your legal team and bankers about what they want changed in the S-1. They’re going to want at least some stuff changed, so you can expect legal and finance to begin work on a second draft immediately, No one can afford to lose momentum on this thing, so the second draft will be submitted quickly. Figure anywhere between a week and a month. + +&#x200B; + +**Month 22: Second S-1 draft. Media planning** + +IPOs happen all the time, but that doesn’t mean it isn’t still great press for your company. The announcement that you’re a public company will likely be the biggest single announcement your company has ever made. Also, by the time IPO day comes, the company has spent a long time being very quiet. IPO day is a chance to make some noise, so you won’t want screw it up. If your company is smart, they’ve already retained a media coach for your CZO. + +Whatever stock exchange you’re listing on will have a whole marketing team dedicated to your IPO day. They’ll work with own marketing team to brand the exchange floor, setup interviews, coordinate celebrations, bell ringing, trading floor tours for your executives and important employees. This means your own marketing team will be holding meeting to figure out what all this looks like. If you’re friendly with anyone in that department, this can be a good chance to pick up gossip on IPO day plans. + +The 2nd S-1 draft review will take less time than the first, since the team has already fixed a ton of stuff and the SEC only has to make sure the things they want changed have been changed. + +&#x200B; + +**Month 23: Board sign off, lockup agreements** + +By this point many things are in motion. The board is getting regular updates, your marketing team is completely engaged, the roadshow presentation is in the final tweaking stages and your executive team is shopping for 2nd vacation homes. + +There’s a good chance the SEC is happy with what you’ve submitted by now. Your executive team now needs agreement from the board to go ahead with making the S-1 public. This is a big step, after the S-1 is actually public it would be rather embarrassing to not move forward with the IPO. You will have published a trove of previously internal financial data for no reason if you have to back out. The board wants to know that your company is prepared. + +In most IPOs there will be some manner of lockup agreement that prevents employees and insiders from selling their stock for a set amount of time, usually 6 months. You, as an employee, probably agreed to sign said lockup agreement as part of your employee stock option plan participation documents. Around this time the full details of the lockup agreement will be distributed and you will be asked to quickly sign and return them. In the old days there were wacky ways of skirting the lockup and getting your money sooner, most of those have been closed by now, but feel free to talk to an attorney about your individual situation. + +&#x200B; + +**Month 24: S-1 public. Quiet period, roadshow, IPO** + +No turning back now. The S-1 is public. Read it, digest it. This might be the 3rd most exciting day of this whole process, right behind IPO day and the day the lockup expires. Most importantly, right at the top, will be a price range. You can start estimating your riches now. + +This will be the first time you have a solid idea what is going on. You barely need this document at this point because the period between the S-1 going public and the IPO is almost always 30 days. Give or take a day or 2, maybe, but as often as not, it will be exactly 30 days. + +For the next 15 days your executive team will be putting the finishing touches on the roadshow. The SEC mandates that the company’s financials are public for at least 15 days before the start of the investor roadshow. Again, more often than not, this will be exactly 15 days, + +After those 15 days your CZO and a few select others from the company will set off on a whirlwind tour of major financial centers. At the absolute minimum, New York, but also Boston, California, Chicago. If the listing will happen on non-US exchanges London is an obvious. During the roadshow your executive team will collect interest and further refine pricing. If the original price range was off, hopefully low, not high, the company might choose to amend the S-1 with new pricing. + +The roadshow will come to an end the day before the IPO. There will be a meeting in which pricing is finalized and investors are picked to get the stock at that price. You, as an employee, hopefully already have stock options priced at a small fraction of said price. The general public thinks that the IPO price is available to everyone, it isn’t. Your company sells large lots of stock to institutional investors that they believe will want to hold on to it for awhile. The price that retail investors will get will be the opening price, which could be more or less than the offer price set at the pricing meeting. That opening price will be determined by the “market maker” the morning of the IPO, but you can read all about that process elsewhere. + +If you made it this far, you stuck it out to IPO. Try not to go crazy during the lockup. Good luck from here. +I’ve saved my first ever $10,000 this year. I never thought I could do it and I just want to motivate others that even though it’s tough, it’s possible + +Edit: this post has BLOWN up. Holy cow really grateful for all the nice comments. + +A lot of people have been asking ‘How’ and I don’t have a special formula on how to get rich. I just saved every chance I could without being a ‘cheapskate’. Only went out to nice dinners sparingly, shop at discount stores. + +The biggest money saver for me was food. It’s boggling how much money you can save if you do a bit of meal prep. + + +Edit 2: holy cow guys. Just saw my post in r/rimjob_steve and I’m nothing short but honored lol. + +I hope this positively effects everyone it comes. +Seeing a lot of new traders out there just figured I would post a few pieces of advice out there. Any experienced traders please add to this. + +Beginner Advice (in no order) +———————- +1. Do your own research, ask questions and back test back test back test. + +2. Stay away from signal groups. They are everywhere! Ok, with a good group and proper risk management MAYBE you can turn a profit. But, you aren’t learning anything and you are at the mercy of the group. + +3. DEMO ACCOUNTS SAVE LIVES - the single most important piece of advice I give to everyone is to stay on your demo account until you feel ready... then stay until you feel confident... then stay until you have successfully placed over 250-500 trades with proper risk management and are still profitable.... then stay a little bit longer. + +4. The moment you create your demo set some money to the side as investment. Then every week, or as you can afford it, continue to add to that amount. By the time you have built up the knowledge and experience on a demo account you can easily have a much bigger starting balance then you originally planned. + +5. Learn the basics. I see many new traders jump to candle stick patterns, different strategies or concepts, identifying chart patterns and just jump in trades like it’s a playground game. I am not necessarily against any of the above mentioned but just learn the basics and the lingo, and the overall general understanding of what’s going on before you venture to the next level. + +6. Make a choice. Choose a bias (bear or bull) and choose 3-4 pairs to focus on. Now you have immediately removed thousands of options and “noise” that will confuse you and keep you running in circles. Example - if you are a bull (looking for buys) on two different major pairs then you are looking for a certain piece of information (whatever your confirmation is) on two different charts. If you don’t see it you don’t trade. This drastically increases your chances of success, decreases your risk, and will allow you to learn more about the currencies you are trading. Read that countries news, understand what’s going on in that area, back test the hell out of the chart. But now you have a few things to focus on rather than 2 million. + +7. Slow down. There is no rush. Even if it takes you 5 years to become an experienced, consistently profitable trader that is a skill you will have for the rest of your life and will allow you to live life on your terms. Reeeellllaaaxxxx. Remember many people go to college for 4-5 years to end up where they started and sometimes in a worse position. Treat your education and trading like a job or school show up put in the work and you will be rewarded. + +8. Forex is for anyone but not always. Becoming a profitable trader will require work, dedication and determination (among many other things). Not everyone is willing to commit. Not everyone is willing to learn from their mistakes and do what’s needed to win. Don’t be that guy. + +9. When you are doing everything wrong it is easy to say Forex is a scam. This is false. That program you paid $750 for may be a scam, that marketing pyramid you are a part of is surely not teaching you what you know, that telegram group that gives high risk signals on US30 is probably not the best teacher. The word scan should never be mentioned with forex. + +10. Find a group, like this one here at r/Forex ... find some friends... message people and learn from those that genuinely want to help. + +Most importantly above all else - hold yourself accountable for your wins, loses and draws. After all you are the one doing or not doing the work. + +Looking forward to what is added to this and any questions or comments! +When I [posted my paper gains of 40K to 160K](https://www.reddit.com/r/ASX_Bets/comments/lln4pe/stop_fomo_buying_into_meme_stocks_that_the_other/) (now up to 177K btw) the other week I got a lot of really nice replies from this community of people wanting to know more about the stocks I have remained invested in and so I wanted to put some effort into helping others in return, so I tried to reply to everyone. + +But there were a lot of people who messaged me privately asking for DD on EXR specifically because it is a bit under the radar. If I was going to this much fucking typing for any one of you, I thought I might as well share it publically with everyone. None of the below is meant to represent financial advice, smooth-brains. I just like the stock. + +If I simplify things in places it is to make this easier to read and understand. I am happy to discuss any nuances or different interpretations with you in the comments if anything is unclear and I have linked to the source research that I felt was sufficient for me to make my investment decision based on. + +I have always found that good stocks hold up strongly to genuine contrarian opinions, so I am looking forward to hearing what you think pro or con :) + +My investment selection strategy involves three important factors which are **opportunity, management and results**. I would also add that time frames and risks are the next things that need to be understood and planned for but I'll expand on those below. + +## Opportunity + +EXR is a coal seam gas (CSG) explorer in southern Mongolia near the Chinese border, where they have negotiated a huge production sharing contract (PSC) with the government there that lets them explore and produce methane from coal beds, in exchange for sharing some revenue from it, which provides an incentive for both parties to make sure that it succeeds. + +Their stated (and well-underway) goal is to drill, lab test and progressively prove the quantity and recoverability of the methane gas within the 30,000 sqkm area they have secured. Their plan is to eventually sell the entire company to the highest bidder a few years down the line (likely 3-7 years) who will really scale up mass production and run the thing for the next 30 years (think Gazprom, Shell, or China). + +That part is important when people bring up all the risks involved in getting it out of the ground, building pipelines, securing suppliers, etc. + +**To achieve their primary objective of selling the company for as much as possible, they don't need to get that much out of the ground to prove how much total gas is recoverable there. They just need to drill a lot of holes and a few wells.** + +Richard Cottee has already cracked this exact strategy before with QGC, and has joined the team because of the "eye-watering" potential but more on him later. + +China is right there across the border and is the largest gas consumer in the world. + +Gas demand is soaring and prices are rising. Gas is a MUCH cleaner and direct swap-in replacement for burning coal, and it is known as a transition fuel. + +Transition fuels like gas will be critical to help STOP burning coal immediately (which we do even here in AU in huge quantities) and gradually make the change to full renewables across the globe. It will take 30-50 years to fully happen, at a minimum. Especially in the poorest areas and the largest industrial economies like China. Gas demand is only going up in the mid to long term. + +The beauty of CSG, especially in a developing country like Mongolia is that you can do exploration drilling VERY cheaply. You never dig the coal up like a coal mine, you just drill shallow holes in it and get lab data. + +That means anyone local can do the drill, grab the samples and email the results to the world's top experts back home to do the analysis part including well design & construction planning. + +This has largely protected them from the worst of the COVID-19 issues (though only in hindsight - it did not stop their share price tanking on fear in March 2020 where I was -50% in the red but I held strong all the way because the strategy had not changed). + +They have already struct a major (\~14TCF) discovery at the Nomgrom sub-basin but have a HUGE amount more land to potentially unlock even bigger or similar results. In 2021 alone they have 13 wells to drill, fully funded, and a pilot production well to prove how easily they can extract the gas. This 14TCF amount of gas alone has been calculated at over 3.3 billion worth IN THE GROUND by some of the models I've read. + +If you want to know how these numbers can be calculated, there is some incredibly detailed professional research summarised on [this page on hotcopper](https://hotcopper.com.au/threads/new-to-exr-read-this-some-research-that-might-assist.5914754/) some guy made to summarise info for the Reddit autists after I made my last post (if you REALLY want the full models done by a professional oil and gas planner in his spare time scroll down to the links that start with "EXR OilGasPlanning\_Model\_Pages.."). + +And of course, [the company website has a good section on the PSC](https://elixirenergy.com.au/projects/) and what they have already found (note there is a bit that is out of date right now, the most recent assessment was upgraded to 14tcf from 7tcf) + +## Management + +Ok, so there is an opportunity here to make some fucking big money. + +Do they have what it takes to pull it off? + +[LOOK at the pedigree here on their board of directors](https://elixirenergy.com.au/directors-2/) these are not fluffy bullshit aspirational profiles that you see from unproven startups, these are the factual histories of winners who have gotten up and pissed excellence in the world of coal seam gas every day for 20+ years. + +**Richard Cottee** is known as the "godfather" of coal seam gas, he knows exactly how to run this play for maximum effect. + +>Mr Cottee was the Managing Director of coal seam gas (CSG) focused Queensland Gas Company (QGC) during its growth from a $20 million market capitalization junior explorer through to its acquisition by BG Group for $5.7 billion. + +Are you paying attention? That's $0.20 to $6 folks. EXR is $0.22 today. + +EXR has potentially just as much if not more gas in the ground than QGC. RC knows how to progressively scale a company from nothing to a massive takeover and the experience to do it better this time. + +With a potentially much MORE gas-rich plot of land. + +Right next to the main consumer of the project. This proximity makes EXR's profit margins are way better compared to existing gas suppliers because it costs a fuckload to liquefy and ship LNG from QLD to China. + +>Ok so what about sovereign risk? Mongolia is far away and I'm scared of developing countries that speak a different language :( + +**Neil Young** has spent since 2011 in Mongolia (then part of Golden Horde which EXR acquired in 2018) building relationships, gaining trust, signing agreements and getting this PSC up and running with some initial drills. He has a professional local management team in-country who are pros at what they do and understand the local operating conditions. + +Neil is also the guy that runs the day to day, manages investors and presentations. He's a no-nonsense Scottish bloke whose experience comes through very strongly in the quality of announcements, interviews and presentations that he gives. + +>Why so confident they will keep finding more gas? + +Because this wizard **Stephen Kelemen**, their technical director. + +>Stephen led Santos’ coal seam gas (CSG) team from its inception in 2004 and drove the growth in this area that allowed Santos to become one of Australia’s leading CSG companies. An engineering graduate from Adelaide University, Stephen served Santos for 38 years in multiple technical and leadership roles. + +The guy who interprets the data is very, very good and has a VERY good track record of being able to identify great drilling targets. And he has a FUCKLOAD of historically coal rich land to work through. + +>How is a junior Aussie explorer going to convince a Gazprom or similar to just buy them out for billions of dollars? + +Their newest director **Anna Sloboda** is a joint Belarussian/Australian citizen who has 20 years of experience managing commercial transactions in the oil/gas sector in regions like Russia and China and truly understands how to forge and build long term relationships that are required for a large transaction like that. + +It will take years to finish all the drilling, but the current results in Nomgon are soo good that they have bought her onboard to start that relationship building and get EXR ready for a sale, once the maximum shareholder value is reached in the following years. + +If they can sustain even a fraction of the current progress, they will be fending off takeover offers the whole way through the next few years creating a bidding war for their gas. + +## Results + +The very first one flaked (they can't all be winners) but since then almost every drill has been bigger and more successful than the last. We're talking some real record holders here, 71 net metres of coal, gassy as fuck, permeable. This means it has gas, high quality, lots of it, and it's likely extracted relatively. + +Nomgon-1 (NOM NOM NOM haha) was the event that caused me to start paying attention and invest, back in early 2020. The amount of buzz around that announcement was massive, the results outstanding and for them to be able to keep repeating similar results through Nomgom-2 and now the more recent drills show that they know how to identify rich gas areas from their seismic data and manage the process of getting drills and labs done quickly and cheaply. + +The result of the Nomgom drills have already provided the basis for an independently assessed **prospective resource estimating the most likely (not high or low), fully risked amount of gas to be \~14TCF in their first explored sub-basin alone. After working out all the costs and risks at a buy out price there are models that show a valuation of over 3.3bn.** + + +They have MANY of these sub-basins that are just as attractive. + +They currently have a market cap of $162M. Anything under 1 billion is insanely cheap by the time they finish drilling and exploring the rest of this incredibly rich and gassy coal-bearing land. My personal belief is that this could be a 5-10 billion dollar buyout eventually if things progress at the current success rate. + +## Time-frames + +I'm still rock hard with confidence, letting more money than I have ever had in my life ride on EXR because I know I will regret selling any of these shares before the takeover event that is almost certain in the future (remember they have already found AMAZING gassy and deep as fuck coals, better than QGC even, so they will not ever go to $0 like a failed tech company might). + +I am not selling a single share this year at least and more likely will try to hold all the way to the full takeover. + +But if you can't wait 3+ years, here are the time frames that matter. + +**Short term** people are waking up to the stock, sellers are drying up and it's building a new base of support over 0.20c. I think the days of buying below 20C are over. Look at weekly VWAP instead of daily close prices and you get a better idea of the true price people have been paying on average recently. There is a momentum trading opportunity here for EXR, but I think you will regret it if you day trade EXR and miss out on the full flow of announcements this year. + +**Near term** the contingent resource report is the big one. This is where we get independently from a "maybe" estimate of the resources to a "probably" estimate. Since our last updated prospective report, we have had several good drills and more positive lab results. This bodes extremely well for the contingent report to improve based on both less risk and more identified gas resources. This will have a material impact on the share price, it's a big milestone for the exploration life cycle. I would not sell before this news event, it's unlikely to be bad. Price target over $0.40 (K1 capital already valued them over this target last year, before the latest good results). + +**Mid-term** constant flow through the year as they do drill after drill. Some will be bad, some will be good. Stay focused on the end game, don't sell-off on one drill not hitting a great result. This will be a slow and steady rise as long as they even get 50% as good results as the past. + +The big news event would be their pilot well where they do flow testing. This means they have to design and build a well that can suck out a decent amount of gas, work out the geology for that tiny region (CSG has MANY wells at scale 1-2km apart) and get it flowing. Flow testing is required to get the next upgrade from the contingent resource to a booked resource, which is where they would actually be able to find someone willing to straight-up buy the license for production. + +If they achieve this pilot well successfully by the end of this year (which is their announced plan) this will be their catalyst to break through $1 and they are a realistic target for take-over from then on. + +**Long-term** what will actually happen is that RC, the "godfather" of CSG will apply the same strategy he used in QGC and start selling gas right away to local power and transport companies to generate revenue. I mean, look at the fucking line of trucks in this photo from the news article [https://finfeed.com/small-caps/energy/exr-develop-small-scale-lng-plant-its-first-gas-offtake-project/](https://finfeed.com/small-caps/energy/exr-develop-small-scale-lng-plant-its-first-gas-offtake-project/) + +They will re-invest this revenue into more drills, more wells and more pilot production. This will take time to execute but it will be "relentless" results and news flow in 2021 from the team according to their [latest ASX price-aware query & response](https://hotcopper.com.au/threads/ann-response-to-asx-price-query.5914375/) (this is the same price query that ASX\_Bets potentially caused the day after my sick gains post last time). The price target for a takeover is at least the same as QGC, maybe much more. $5-10 per share assuming no dilution in my personal opinion that is the figure it would take to make me sell early on-market. If we saw a crazy run on the stock as we saw with VUL that might happen sooner than expected. + +So to give EXR time to maximise in value, we need to give them somewhere between 3-5 years to realistically cover this vast amount of land, explore it, drill it, ship gas, scale-up prove the value for a takeover. RC is very clear about this long term strategy and required patience in his interviews, although he uses some boomer analogies, like "you don't get born and run a marathon the next day" I respect his experience and perspective. + +It will take TIME to achieve the results that are possible here. + +**But you do not make money without getting in early and taking on some of the risk.** + +## Risks + +Ok so let's talk risks. + +**1) Exploration or production failures** +The main one that is real and the reason the share price is 0.22 instead of 2.22 is that they haven't finished drilling all their land and they haven't actually produced any gas yet. + +They could have hit a freak pocket of perfect gas-bearing coals and never strike again. As a result, they might not hit these lofty price targets I have set and just go sideways into a much smaller valuation around the current MC. + +Remember, they are not just drilling random holes, they are using seismic and other geological data to predict where the gassy coal would be. + +The area they are drilling a few hundred meters underground was an incredibly dense rainforest during the Permian era millions of years ago, that is literally what coal is - it's carbon matter turned into rock and it releases fuckload of methane. I'd like to say dinosaur farts but I'm not a geologist so cannot confirm. + +It's highly likely that now that have the understanding of what below the ground looks like in this PSC they will do a much better job of interpreting the data they have and predicting where to put their next drills. + +They are not just sitting back around Nomgom clinging onto their main find and trying to get bought out over that, they are instead forging ahead to new sub-basins that are "highly attractive" so they are confident they will find something worth the drilling time/money. + +**2) Sovereign risk** +This one is bullshit and xenophobia based, but many people will try to scare you out of your shares by claiming this will be a problem. The Mongolian government part-owns the thing, Neil has spent almost a decade working closely with them, EXR invests heavily in local community relationships, donations and stuff and is a job creator. + +Even if China blocked their gas from import they could still be valued in the billions just from selling gas to Mongolia domestically. Mongolia also needs it that badly, they have insanely bad air pollution from burning coal (because coal is so plentiful in Mongolia, **WINK**) + +But you know what? China will not block any sale of gas from EXR because gas reserves are a NATIONAL STRATEGIC RESOURCE that they are currently suffering a massive shortage. China is more likely to buy EXR outright to take out the supply risk than they are to block the supply of gas. + +**3) Capital raising** +EXR are fully funded for 2 years of operations and have a strategy around bootstrapping from small scale LNG sales, one that worked very well for QGC and preserved all of the shareholder value. It's the fact that EXR is unlikely to print a bunch of shares, have committed to NOT doing so for all of 2021 at the least, and the management team are MASSIVE HOLDERS that convinces me that my incentive as a holder and the management team is aligned. RC loves to talk about preserving shareholder value. This public commitment to preserving the current amount of shares on issue is WHAT MAKES STOCK PRICES GO UP AS PEOPLE FOMO!! + +**4) Gas prices go down** +They've been down 5x from the all-time highs for ages, rock bottom since 2010, prices are almost certainly going to go up and could go as high as 5x from here. But EXR is already easily more profitable per given unit of gas produced compared to other countries because the drilling, labour and delivery costs are all WAY LOWER in Mongolia. This means they can suffer a huge drop in gas prices that would cause other producers to make a loss. + +Let me know in the comments if you can think of some other risks, I'll be glad to be aware of them! + +*TL;DR: Least risky exploration play on the ASX with the biggest upside. Still cheap as fuck if you can hold it and not touch it for at least a year to let them finish their 2021 schedule. Buy, hold, and forget - do not expect a pump because it is a real investment, not a meme stock.* + +Further reading +[Check out their presentation from the end of last year](https://wcsecure.weblink.com.au/pdf/EXR/02282486.pdf) +[The EXR HotCopper thread is probably the least toxic on HC, please don't fuck it up](https://hotcopper.com.au/asx/exr/) +[The fucking company website ok, they spent my shareholder money on updating it so at least read it please](https://elixirenergy.com.au/) +Hello people, + +What to do with Parag Parikh Flexi Cap Fund? It has returned just 2.68% since this year January. + +I also invest in Quant Active Fund and Index Fund which have returned more than 10% + +Is this happening with PPFCP because foreign investment is halted since Feb/March of this year and new SIPs are taking hit? + +Are you guys continuing your SIP in this Fund and what is your statergy? To blindly continue SIP? + +I have been investing in Quant and PPFCF since January this year and in Index since last September. + + + +Edit : Exit Load of PPFCF is 2% and Expense ratios is 0.76% +Following is from [a Twitter thread](https://twitter.com/aditya_kondawar/status/1357600035379183616?s=08): + +> Hearing a few Upstox reviews stating that Upstox has sold long term portfolio holdings in portfolio without consent - Scary! + +[Upstox notification screenshot](https://twitter.com/aditya_kondawar/status/1357625230194188288?s=08) - from the same Twitter thread + +[Another one](https://twitter.com/rohits_bn/status/1357604185919938565?s=19) + +As one of the tweets in the comment of the thread says, one of the possible explanations is [short delivery](https://zerodha.com/z-connect/queries/stock-and-fo-queries/consequences-of-short-delivery-nse-bse) + +Another [comment suggesting](https://twitter.com/pankyhaunts/status/1357636962161623040?s=19) that in such cases the amount credited should with a penalty: +> In this case the amount credited should be with 20%of penalty. It happens once with me i bought HEG and it went for UC after that but i received my money after 3 days with 20% extra and when i enquired it was found thst tge seller has to pay it to buyer if he fails to deliver + +Seems like the extreme volatility and volume of the budget day rally has resulted into this. But surely, not getting delivery of your stocks is something which would make me very uncomfortable. + +Anyone faced this issue or got notifications from Upstox? + +Also, how common is this issue with brokers? Any guidance/learning from folks on this sub from their past experience (if any)? +Markets seem to really love this move and if the Tiktok deal goes through it's almost like a "free" purchase for MSFT with their stock gains. + +According to Forbes Tiktok is estimated to be worth about $50B right now: https://www.forbes.com/sites/elanagross/2020/07/29/a-reported-takeover-bid-values-tiktok-at-50-billion + +MSFT is also sitting on about $140B in cash at the moment too so an all-cash deal is also possible. + +Imagine buying a $10 burger and getting $12 back on it. +Anyone got an idea on reasons? + +link to article + +https://www.forbes.com/sites/angelauyeung/2019/07/31/jeff-bezos-sells-about-18-billion-worth-of-amazon-shares-in-three-days/#3368202d4c36 +Anyone got an idea on reasons? + +link to article + +https://www.forbes.com/sites/angelauyeung/2019/07/31/jeff-bezos-sells-about-18-billion-worth-of-amazon-shares-in-three-days/#3368202d4c36 +Just a rant. + +Have you ever read John Scalzi’s internet essay “Being Poor”? Well, in it he says something like “being poor is four years of night classes for an Associate of Arts degree” At first, it doesn’t seem like a bad thing, and for many, I am sure it was an accomplishment of a lifetime and a ticket out of poverty. But, I also think that anyone who has gone to community college part time can understand what a burn that is. Because it’s basically a worthless paper you pay for, after busting your ass for years, balancing work, family and school. + +Anyways, that is a preface to what I want to say today. Oh one, more point that Scalzi makes, “Being poor is having to live with choices you didn’t know you made when you were 14 years old.” + +Shit, I’ve been making bad “choices” since the day I was conceived. I grew up with white, high-school educated, working class parents. My dad had six kids by the time he was 30. Bad decision I made being born. We moved four times (that I remember) before I started kindergarten. I was homeless for a month following the death of my infant brother during first grade (SIDS is correlated with poverty btw). In some ways I had privilege, like my race, and extended family that we could stay with when we were in between apartments, etc. And in other ways I got the shit end of the stick, no money for healthcare, ill-fitting hand-me-down clothes, depressed parents who often weren’t around due to work and their own mental illness and addictions, no enriching activities (besides camping), and just a general lack of opportunity that middle class kids are offered. I wasn’t physically abused, so I am grateful for that. + +This all developed into me not being a model student as you can imagine. I got good grades, (maybe because I had a mother who read to me) but my parents couldn’t have told you the difference between AP and remedial classes, they couldn’t tell you the difference between community college and university, they couldn’t tell you want graduate school was, they didn’t have money for dance lessons, tutors, or travel. They subtly encouraged me and my siblings to follow them into their lines of work, restaurant and auto body work. My father’s spelling is adorable and frighteningly awful. My mom used to ask me to call people for her because I “sound professional” as she put it. She knew her class came across in her accent, mispronounced words and inability to form a logical argument. + +I took the inevitable (?) “poor girl route” and got pregnant while I was both young and unmarried. I wasn’t a “slut.” He was my second boyfriend I ever had in my life; there was a very short time between me being able to describe myself as a virgin and as pregnant. I didn’t try to “trap him”, I legit didn’t know how easy it was to get pregnant. I had never gone to the gynecologist before that point (why don’t high schools offer free gynecological services?!) and I was not on birth control. I was 19. I was just scraping by living in an apartment with a friend. My boyfriend said he’d support me in whatever choice I made. I wanted to give this child a chance at life. After all, I had felt that my youngest brother was cheated out of his life. I had the baby. She changed my life, and she is my life. + +Now, she is the age I was when I was pregnant with her. She is on birth control, she is in college, she is on a good path in life. She has had a life of doctors’ visits, enriching summer classes, trips out of town. She had teachers who told her she was smart and that she had a future. She is awesome. We once were on medical assistance and food stamps and free lunch. Now, we are not. + +I pulled myself out of poverty. I do not qualify for assistance anymore. I pay real rent, and I can pay all my bills and even save money sometimes. Two years ago I went on a two-week vacation to Europe. I was miles away from being the little girl in dirty clothes with bad teeth and teachers who told her that she smelled. I was miles away from being the single mom having her hours cut because her daughter was sick and she couldn’t find back up child care when day care wouldn’t allow her in. I should be happy, right? + +Now, I have a job that ways almost 42,000 a year. Why the fuck am I posting to “povertyfinance?” + +Because I am tired. I’m so fucking tired. I work with people ten years younger than me, who make the same or better pay. They are buying houses with gifts from their in-laws. My parents cannot afford to give me a down payment and I know I’ll never be able to save up enough to afford one. My car is literally falling apart, and the idea that I’ll need to add a car payment on top of my other costs is killing me. I am trying to help my daughter as much as I can, so that she doesn’t need to take out loans. I sometimes long for the days of Sect 8 housing and food stamps. Maybe I am just kidding myself. I’m NOT POOR ANYMORE. I know that. Why do I still feel that way? + + +I’ll never get married again (I had one brief and unhappy marriage) Men want to date 25 year olds, not 40 year olds. When I meet men on dating sites, they ask me what my hobbies are. “Do I ski? Do I go salsa dancing? Why don’t I purse a Master’s degree?” + +What I want to say to those men…When did you learn to ski? Who taught you and provided the equipment? Who watched your kid and paid for the babysitter and the dance lessons? WHY the FUCK would I go back to college? Who’s doing to pay for that? Should get more student loans so I can come out making $47,000? I’m making “entry level” wages for a Bachelor’s degree, and yes, of course I earned a terrible, unprofitable bachelor’s degree. Nothing practical or in-demand. That’s something else my parents and I didn’t know as uneducated working class people: the difference between a history degree and an accounting degree. Successful men don’t want to date someone like me. I’ve been treading water for 40 years. + +My parents are at the age where they are retiring with no savings and ill health. FML + +My kid is getting out of this, and I guess that I how I can die knowing my life wasn’t a complete waste. + +Until then, I am living paycheck to paycheck, wondering how the fuck I can’t thrive on the pay I receive right now. I am anti-consumption, I have very few wants, but I just can’t seem to find peace of mind. I’m meditating but I haven’t found peace yet. All I want to do is escape. + +I am so sick of car insurance, car repairs, buying work clothes, paying for medical costs, god damn broken iphone5 screens, the price of everything going up, society’s expectations. Needing “payments” just to live. I just want to live without having to get loans. I want to live without having to get a Master’s Degree. I want to love without throwing myself at successful men, hoping one will share his bounty of resources. I’ve long given up to the “prince charming knight in shining armor” bill of goods sold to little girls looking for escape. I used to pray to be saved, and I worked so hard to save myself. I don’t pray anymore. But I search for peace. I just want a break from these fucking choices I made before I realized they were choices. I want a break from 4 years of night school. I want a break from looking like a desperate whore. I want a break from applying for credit. + +I know that life is suffering and I should make peace with that, and I realize that I am not even suffering. These are first world problems etc. I’m not poor anymore. I just wish I could shake this poor feeling. Does it ever go away? + + +Thank you for listeing to me. + +TfLDR rant about how I grew up poor, had a baby, started to work my way out of poverty,”made it” out if official poverty, but still feel poor/like crap sometimes. + +UPDATE/EDIT Reddit, you all are making me cry, laugh, feel validated. Everything. Haven’t had the chance to thank and respond you all yet. But thank you so so so much for the support and compliments and advice. + +And OMG SILVER AND GOLD?!! Thank you 🙏 💕 this is one of the best days of my life. + + +Hi all, I´m back with another DD, this time is about Assertio Therapeutics ($ASRT), there is some buzz around the company but I have the feeling not many know what they do and how can it impact their market. + +*Disclaimer: I´m not even close to being a financial advisor so please do your research and make your own decisions based on what you understand.* + +*Before you ask, I own 5000 shares of $ASRT bought at different times for an average of 1.12 per share.* + + + +**What is Assertio Therapeutics doing:** + +**With a robust portfolio of branded prescription neurology, inflammation, and pain medications.** **The company has grown through business development including acquisitions, licensing, and mergers.** + +**Their already FDA-approved products:** + +\- **CAMBIA®** (diclofenac potassium) – Oral Solution. This is a prescription medicine used to treat migraine attacks in adults. It does not prevent or lessen the number of migraines you have, and it is not for other types of headaches. + +\- **ZIPSOR®** (diclofenac potassium) - Liquid filled capsules. This is prescribed for different types of pain, including after surgery or for an injury such as a sprain or strain. It is designed for rapid and consistent absorption in your body with a technology called ProSorb. + +\- **ZORVOLEX®** (diclofenac) – Capsules. This drug is indicated for the management of mild to moderate acute pain and the management of osteoarthritis pain. + +\- **VIVLODEX®** (meloxicam). It is used to reduce swelling and to treat pain, it is used for osteoarthritis + +\- **SPRIX®** (ketorolac tromethamine) - Ketorolac is used for a short while to treat moderate to severe pain, including pain after surgery. It should not be used for more than 5 days. + +\- **OXAYDO®** (oxycodone HCI, USP) - Oxycodone is a pain reliever. It is used to treat moderate to severe pain. This is a controlled substance as it's an opioid. + +\- **INDOCIN®** (indomethacin) *Oral suspension and also Suppositories* \- Indomethacin is a non-steroidal anti-inflammatory drug (NSAID). It is used to reduce swelling and treat pain. It may be used for painful joint and muscular problems such as arthritis, tendinitis, bursitis, and gout. + +https://www.assertiotx.com/products-and-pipeline/marketed-products/ + +**Their patented Polymer-based technology designed to optimize drug delivery:** + +**Acuform** technology is currently being used in multiple marketed products and being evaluated internally and with other potential partners for many additional compounds. This drug swelling polymers allow tablets to be retained in the stomach for 8-10 hours (2.5 times more than most products) This gradual, extended-release allows for more drug absorption in the upper gastrointestinal (GI) tract, offering the potential for greater efficacy and increased tolerability, with the convenience of once- or twice-daily dosing. + +https://www.assertiotx.com/products-and-pipeline/technology/ + +**The companies they partnered with:** + +\- **Applied Pharma Research:** licensed the drug delivery technology and intellectual property to Cambia (diclofenac potassium for oral solution). + +\- **EMS:** Established agreement to commercialize ZORVOLEX (diclofenac capsules in the Solumatrix technology) for the treatment of mild to moderate acute pain or osteoarthritis pain in Brazil. + +\- **NES Therapeutics:** In a partnership that fills a significant unmet need, Assertio provided a capital infusion in return for an equity stake in NES to fund the development of a late-stage product for a rare life-threatening pediatric infection without an approved treatment. + +\- **Ironwood ($IRWD current stock price is 11.26 USD):** IW-3718, a novel, gastric retentive formulation of colesevelam, a bile acid sequestrant, is being developed by Ironwood using the proprietary **Acuform®** drug delivery formulation technology licensed from Assertio. The product is designed to deliver the bile acid sequestrant to the stomach over an extended period where it is positioned to intercept bile before it reaches the esophagus. + +***Note:*** *IW-3718 was discontinued by Ironwood as trials did not achieve statistically improvement in heartburn severity (primary endpoint)* + +[*https://www.biospace.com/article/releases/ironwood-to-discontinue-iw-3718-development-program-following-results-from-planned-efficacy-assessment/*](https://www.biospace.com/article/releases/ironwood-to-discontinue-iw-3718-development-program-following-results-from-planned-efficacy-assessment/) + +**Important things to mention:** + +\- **In January 2018** the company laid off 40% of its workforce after the divestment of its pain medication Nucynta. On August 15, 2018, the company announced its name change from Depomed, Inc., to Assertio Therapeutics, Inc. + +\- **In March 2019,** Assertio's stock had lost half its value since 2016. In September 2019, Crain's Chicago Business argued that Assertio's diversification campaign was "sputtering", with Assertio stock having dropped 80% in the prior year. Operating income in 2019 was $3.33 million. Becker's Hospital Review listed it as one of 31 drug makers at high risk of going bankrupt in 2020. + +[https://www.chicagobusiness.com/health-care/opioid-habit-hangs-lake-forest-drugmaker](https://www.chicagobusiness.com/health-care/opioid-habit-hangs-lake-forest-drugmaker) + +\*FROM HERE IT ALL WENT BACK UP AND WORKING\* + +\- **In March 2019,** Assertio won a dismissal of a lawsuit by shareholders that accused the company of hiding how much its growth was dependent on Nucynta marketing for off-label purposes. According to the judge, the plaintiffs failed to provide evidence of a scheme + +[https://www.reuters.com/article/health-assertio/assertio-therapeutics-beats-investor-lawsuit-over-opioid-marketing-idUSL1N2161OW](https://www.reuters.com/article/health-assertio/assertio-therapeutics-beats-investor-lawsuit-over-opioid-marketing-idUSL1N2161OW) + + \- **In March 2020**, Assertio Therapeutics and Zyla Life Sciences announced they entered into a definitive merger agreement. “The Merger will create a leading commercial pharmaceutical company with neurology, inflammation, and pain products. The combined company will have a leading portfolio of branded non-steroidal anti-inflammatory drugs (NSAIDs) commonly used by neurologists, orthopedic surgeons, internists, women’s health providers, podiatrists, and pain care specialists.” + +[https://www.globenewswire.com/news-release/2020/03/16/2001519/0/en/Assertio-Therapeutics-Agrees-to-Merge-with-Zyla-Life-Sciences-to-Create-Synergistic-Portfolio-of-Neurology-and-Non-Opioid-Pain-Products.html](https://www.globenewswire.com/news-release/2020/03/16/2001519/0/en/Assertio-Therapeutics-Agrees-to-Merge-with-Zyla-Life-Sciences-to-Create-Synergistic-Portfolio-of-Neurology-and-Non-Opioid-Pain-Products.html) + +\- **In December 2020**, Assertio Therapeutics announced an expected cost reduction of $45 Million Annually. These reductions are in addition to the previously announced $40.0 million in synergies associated with the Zyla merger. The Company expects to recognize approximately $8.0 – $10.0 million in severance and restructuring charges in the fourth quarter of 2020 and throughout 2021 because of this plan. + +[https://investor.assertiotx.com/news-releases/news-release-details/assertio-announces-restructuring-plan-and-leadership-changes](https://investor.assertiotx.com/news-releases/news-release-details/assertio-announces-restructuring-plan-and-leadership-changes) + +\- **On February 5th, 2021**, the company has announced the opening of a DPO of $14 million dollars, for a Roth Capital Partners to purchase 22,600,000 shares of its stock at a purchase price of $0.62 per share. The DPO closed on Feb 9th. + +[https://finance.yahoo.com/news/assertio-holdings-inc-announces-closing-210500044.html](https://finance.yahoo.com/news/assertio-holdings-inc-announces-closing-210500044.html) + +\- **On February 12th, 2021**, announced that it closed its previously announced registered direct of common stock at a purchase price of $0.98 per share for gross proceeds of approximately $34.3 million. + +[https://finance.yahoo.com/news/assertio-holdings-inc-announces-closing-210500848.html](https://finance.yahoo.com/news/assertio-holdings-inc-announces-closing-210500848.html) + +\- **On March 11th, 2021,** the company reported a not so go earnings report but in my opinion COVID really affected them. + +[https://finance.yahoo.com/news/assertio-reports-fourth-quarter-full-210100111.html](https://finance.yahoo.com/news/assertio-reports-fourth-quarter-full-210100111.html) + +**Average Analyst Ratings and price:** + +&#x200B; + +https://preview.redd.it/359m3i4otim61.png?width=1457&format=png&auto=webp&s=f93a0742c4c010e644806535f38aa929fb157d46 + +https://preview.redd.it/fvupua4ptim61.png?width=1683&format=png&auto=webp&s=e2b9ed4f5b52fc7380bf0096791be7d0b55a8e64 + +**Short, Medium- and Long-Term Indicators:** + +&#x200B; + +https://preview.redd.it/b6b5kg1qtim61.png?width=846&format=png&auto=webp&s=356b00f20047f5134ddad974de847f28bd9eac39 + +**TLDR/ Conclusion:** + +This company had its ups and downs, 2018-2019 was a shitty year, but they are showing some great recovery, costs restructuring, a merger, capital raise through DPO. The drugs they use are very commonly used (11,372,069 estimated number of prescriptions in the United States in 2018). + +[https://clincalc.com/DrugStats/Drugs/Diclofenac](https://clincalc.com/DrugStats/Drugs/Diclofenac) + +A next generation Cambia is under development so news about it can be great catalyst. + +&#x200B; + +**This took me some hours to complete. ALL comments, critics and suggestions are well received. I truly appreciate your feedback and opinions.** +Physical holdings, not REIT's, and not including your principal residence. + +Bought my first rental property 29 years ago, currently sitting on around 30% of my net worth in real estate (less than 30% cash, the rest in mutual funds and equities - though recent gains have made me consider upping my cash position). +Thanks for all the upvotes and comments on the previous pieces: + +* [Risk management parts 1,2,3](https://www.reddit.com/r/Forex/comments/ia5f37/former_investment_bank_fx_trader_some_thoughts/) +* [News trading part 1](https://www.reddit.com/r/Forex/comments/ijbrsi/former_investment_bank_fx_trader_news_trading_and/) + +From the first half of the news trading note we learned some ways to estimate what is priced in by the market. We learned that we are trading any gap in market expectations rather than the result itself. A good result when the market expected a *fantastic* result is disappointing! We also looked at second order thinking. After all that, I hope the reaction of prices to events is starting to make more sense to you. + +&#x200B; + +[Before you understand the core concepts of pricing in and second order thinking, price reactions to events can seem mystifying at times](https://preview.redd.it/vr7br9y3orl51.png?width=1200&format=png&auto=webp&s=1c66fc14a8e67bea019db7161b316ce727497ea7) + +We'll add one thought-provoking quote. Keynes (that rare economist who also managed institutional money) offered this analogy. He compared selecting investments to a beauty contest in which newspaper readers would write in with their votes and win a prize if their votes most closely matched the six most popularly selected women across all readers: + +*It is not a case of choosing those (faces) which, to the best of one’s judgment, are really the prettiest, nor even those which average opinions genuinely thinks the prettiest. We have reached the third degree where we devote our intelligences to anticipating what average opinion expects the average opinion to be.* + +Trading is no different. You are trying to anticipate how other traders will react to news and how that will move prices. Perhaps you disagree with their reaction. Still, if you can anticipate what it will be you would be sensible to act upon it. Don't forget: meanwhile they are also trying to anticipate what you and everyone else will do. + +&#x200B; + +**Part II** + +* Preparing for quantitative and qualitative releases +* Data surprise index +* Using recent events to predict future reactions +* Buy the rumour, sell the fact +* The trimming position effect +* Reversals +* Some key FX releases + +&#x200B; + +# Preparing for quantitative and qualitative releases + +The majority of releases are quantitative. All that means is there’s some number. Like unemployment figures or GDP. + +Historic results provide interesting context. We are looking below the Australian unemployment rate which is released monthly. If you plot it out a few years back you can spot a clear trend, which got massively reversed. Knowing this trend gives you additional information when the figure is released. In the same way prices can trend so do economic data. + +&#x200B; + +[A great resource that's totally free to use](https://preview.redd.it/occhvsj9orl51.jpg?width=1200&format=pjpg&auto=webp&s=85b8a20cfa41022cce2977774d922ba06b765760) + +This makes sense: if for example things are getting steadily better in the economy you’d expect to see unemployment steadily going down. + +Knowing the trend and how much noise there is in the data gives you an informational edge over lazy traders.  + +For example, when we see the spike above 6% on the above you’d instantly know it was crazy and a huge trading opportunity since a) the fluctuations month on month are normally tiny and b) it is a huge reversal of the long-term trend.  + +Would all the other AUDUSD traders know and react proportionately? If not and yet they still trade, their laziness may be an opportunity for more informed traders to make some money.  + +[Tradingeconomics.com](https://www.tradingeconomics.com/) offers really high quality analysis. You can see all the major indicators for each country. Clicking them brings up their history as well as an explanation of what they show. + +For example, here’s German Consumer Confidence. + +&#x200B; + +[Helpful context](https://preview.redd.it/s0nwetqgorl51.jpg?width=1200&format=pjpg&auto=webp&s=5609783ef4bad34ff362ef739e13b895c00554ee) + +There are also qualitative events. Normally these are speeches by Central Bankers.  + +There are whole blogs dedicated to closely reading such texts and looking for subtle changes in direction or opinion on the economy. Stuff like how often does the phrase "in a good place" come up when the Chair of the Fed speaks. It is pretty dry stuff. Yet these are leading indicators of how each member may vote to set interest rates. [Ed Yardeni](https://www.yardeni.com/) is the go-to guy on central banks. + +# + +# Data surprise index + +The other thing you might look at is something investment banks produce for their customers. A data surprise index. I am not sure if these are available in retail land - there's no reason they shouldn't be but the economic calendars online are very basic. + +You’ll remember we talked about data not being good or bad of itself but good or bad *relative* to what was expected. These indices measure this difference. + +If results are consistently better than analysts expect then you’ll see a positive number. If they are consistently worse than analysts expect a negative number. You can see they tend to swing from positive to negative. + +&#x200B; + +[Mean reversion at its best! Data surprise indices measure how much better or worse data came in vs forecast](https://preview.redd.it/ttwclueiorl51.png?width=1200&format=png&auto=webp&s=e9d6d50dfebb2c43c7f5ff8b8f5e55ef03a311c9) + +There are many theories for this but in general people consider that analysts herd around the consensus. They are scared to be outliers and look ‘wrong’ or ‘stupid’ so they instead place estimates close to the pack of their peers.  + +When economic conditions change they may therefore be slow to update. When they are wrong consistently - say too bearish - they eventually flip the other way and become too bullish. + +These charts can be interesting to give you an idea of how the recent data releases have been versus market expectations. You may try to spot the turning points in macroeconomic data that drive long term currency prices and trends. + +&#x200B; + +# Using recent events to predict future reactions + +The market reaction function is the most important thing on an economic calendar in many ways. It means: what will happen to the price if the data is better or worse than the market expects? + +That seems easy to answer but it is not.  + +Consider the example of consumer confidence we had earlier. + +* Many times the market will shrug and ignore it. +* But when the economic recovery is predicated on a strong consumer it may move markets a lot. + +Or consider the S&P index of US stocks (Wall Street). + +* If you get good economic data that beats analyst estimates surely it should go up? Well, sometimes that is certainly the case. +* But good economic data might result in the US Central Bank raising interest rates. Raising interest rates will generally make the stock market go down!  + +So better than expected data could make the S&P go up (“the economy is great”) or down (“the Fed is more likely to raise rates”). It depends. The market can interpret the same data totally differently at different times. + +One clue is to look at what happened to the price of risk assets at the last event. + +For example, let’s say we looked at unemployment and it came in a lot worse than forecast last month. What happened to the S&P back then? + +&#x200B; + +[2&#37; drop last time on a 'worse than expected' number ... so it it is 'better than expected' best guess is we rally 2&#37; higher](https://preview.redd.it/p8iomqujorl51.png?width=1200&format=png&auto=webp&s=e68473fd719a5c96293ed9688f5c7482d2ea02a0) + +So this tells us that - at least for our most recent event - the S&P moved 2% lower on a far worse than expected number. This gives us some guidance as to what it might do next time and the direction. Bad number = lower S&P. For a huge surprise 2% is the size of move we’d expect. + +Again - this is a real limitation of online calendars. They should show next to the historic results (expected/actual) the reaction of various instruments. + +# + +# Buy the rumour, sell the fact + +A final example of an unpredictable reaction relates to the old rule of ‘Buy the rumour, sell the fact.’ This captures the tendency for markets to anticipate events and then reverse when they occur.  + +&#x200B; + +[Buy the rumour, sell the fact](https://preview.redd.it/xqlq7v2lorl51.png?width=1200&format=png&auto=webp&s=2668b4da44a570325d9713186c05e7123d1ba162) + +In short: people take profit and close their positions when what they expected to happen is confirmed. + +So we have to decide which driver is most important to the market at any point in time. You obviously cannot ask every participant. The best way to do it is to look at what happened recently. Look at the price action during recent releases and you will get a feel for how much the market moves and in which direction.   + +## + +## Trimming or taking off positions + +One thing to note is that events sometimes give smart participants information about positioning. This is because many traders take off or reduce positions ahead of big news events for risk management purposes. + +Imagine we see GBPUSD rises in the hour before GDP release. That probably indicates the market is short and has taken off / flattened its positions.  + +&#x200B; + +[The price action before an event can tell you about speculative positioning](https://preview.redd.it/7z14f59morl51.png?width=1200&format=png&auto=webp&s=da5b41950bb6eccb2294d9cf03a33ee1b72b0a65) + +If GDP is merely in line with expectations those same people are likely to add back their positions. They avoided a potential banana skin. This is why sometimes the market moves on an event that seemingly was bang on consensus. + +But you have learned something. The speculative market is short and may prove vulnerable to a squeeze. + +# + +# Two kinds of reversals + +Fairly often you’ll see the market move in one direction on a release then turn around and go the other way. + +These are known as reversals. Traders will often ‘fade’ a move, meaning bet against it and expect it to reverse. + +## Logical reversals + +Sometimes this happens when the data looks good at first glance but the details don’t support it.  + +For example, say the headline is very bullish on German manufacturing numbers but then a minute later it becomes clear the company who releases the data has changed methodology or believes the number is driven by a one-off event. Or maybe the headline number is positive but buried in the detail there is a very negative revision to previous numbers. + +Fading the initial spike is one way to trade news. Try looking at what the price action is one minute after the event and thirty minutes afterwards on historic releases. + +## Crazy reversals + +&#x200B; + +[Some reversals don't make sense](https://preview.redd.it/b0lsxo8porl51.png?width=1200&format=png&auto=webp&s=5012075ddd00785aa9b1544793c02eee06668464) + +Sometimes a reversal happens for seemingly no fundamental reason. Say you get clearly positive news that is better than anyone expects. There are no caveats to the positive number. Yet the price briefly spikes up and  then falls hard. What on earth? + +This is a pure supply and demand thing. Even on bullish news the market cannot sustain a rally. The market is telling you it wants to sell this asset. Try not to get in its way. + +# + +# Some key releases + +As we have already discussed, different releases are important at different times. However, we’ll look at some consistently important ones in this final section.  + +## Interest rates decisions + +These can sometimes be unscheduled. However, normally the decisions are announced monthly. The exact process varies for each central bank. Typically there’s a headline decision e.g. maintain 0.75% rate.  + +You may also see “minutes” of the meeting in which the decision was reached and a vote tally e.g. 7 for maintain, 2 for lower rates. These are always top-tier data releases and have capacity to move the currency a lot. + +A hawkish central bank (higher rates) will tend to move a currency higher whilst a dovish central bank (lower rates) will tend to move a currency lower. + +[A central banker speaking is always a big event](https://preview.redd.it/t11i91nnorl51.png?width=1200&format=png&auto=webp&s=dd090dc269979da1fa191d41d57f77630f9c2cce) + +## Non farm payrolls + +These are released once per month. This is another top-tier release that will move all USD pairs as well as equities. + +There are three numbers: + +* The headline number of jobs created (bigger is better) +* The unemployment rate (smaller is better) +* Average hourly earnings (depends) + +Bear in mind these headline numbers are often off by around 75,000. If a report comes in +/- 25,000 of the forecast, that is probably a non event.  + +In general a positive response should move the USD higher but check recent price action. + +Other countries each have their own unemployment data releases but this is the single most important release. + +## Surveys + +There are various types of surveys: consumer confidence; house price expectations; purchasing managers index etc. + +Each one basically asks a group of people if they expect to make more purchases or activity in their area of expertise to rise. There are so many we won’t go into each one here.  + +A really useful tool is the tradingeconomics.com economic indicators for each country. You can see all the major indicators and an explanation of each plus the historic results.  + +## GDP + +Gross Domestic Product is another big release. It is a measure of how much a country’s economy is growing.  + +In general the market focuses more on ‘advance’ GDP forecasts more than ‘final’ numbers, which are often released at the same time.  + +This is because the final figures are accurate but by the time they come around the market has already seen all the inputs. The advance figure tends to be less accurate but incorporates new information that the market may not have known before the release. + +In general a strong GDP number is good for the domestic currency. + +## Inflation + +Countries tend to release measures of inflation (increase in prices) each month. These releases are important mainly because they may influence the future decisions of the central bank, when setting the interest rate. + +See the FX fundamentals section for more details. + +## Industrial data + +Things like factory orders or or inventory levels. These can provide a leading indicator of the strength of the economy. + +These numbers can be extremely volatile. This is because a one-off large order can drive the numbers well outside usual levels. + +Pay careful attention to previous releases so you have a sense of how noisy each release is and what kind of moves might be expected. + +# Comments + +Often there is really good stuff in the comments/replies. Check out 'squitstoomuch' for some excellent observations on why some news sources are noisy but early (think: Twitter, ZeroHedge). The Softbank story is a good recent example: was in ZeroHedge a day before the FT but the market moved on the FT. Also an interesting comment on mistakes, which definitely happen on breaking news, and can cause massive reversals. + +&#x200B; +In short, my gym has a contract which states I need to provide 30 days notice in order to cancel my membership. I sent in my cancellation in March, and they replied that they had "processed my cancellation with 30 days notice", and that my last payment would be in April. However now they have just notified me that I will be subject to pay a club enhancement fee in May, because my gym membership is active until then. + +I tried calling them out on their BS but they just threatened to send to collections. Do I have a leg to stand on here or should I cave in and pay? + +Edit: The gym is Club 16 in North Vancouver, for anyone curious. +If you are familiar with the Tyranny of Choice, I have coined The Tyranny of Opportunity to describe my FatFire problem. + +I _can_ to.... Anything. + +Start the crypto idea? Ok. +Pursue the Metaverse idea? Ok +Launch the local honey ECommerce idea? Ok +Ignore it all, and focus on the day job? Ok +Do nothing and actually 'enjoy life'? Maybe + +And for each of them I have invested a lot of time, and a little money to prove enough that each one _could work_... + +And this causes me anxiety, and stress, and I swirl in my own thoughts. + +Perhaps analysis paralysis, but personal. + +Anyone worked through this, as they transition to the RE part of the story? +https://au.finance.yahoo.com/news/australians-are-now-the-richest-people-in-the-world-001758078.html + +That explains all the top hat and monocle shops opening up. +They snuck this in under everyone's noses!!! IT'S APPROVED! + +Just waiting for confirmation for pubication in the Federal Register for passing & eventual enforcement!!! + + [https://www.dtcc.com/legal/sec-rule-filings](https://www.dtcc.com/legal/sec-rule-filings) + + [https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005-Approval-Notice.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005-Approval-Notice.pdf) + +&#x200B; + +https://preview.redd.it/jyv2f7m4nd771.png?width=3844&format=png&auto=webp&s=aec6f688d3cefb9127ff7023c0b4f1eeac423a3b + +&#x200B; + +https://preview.redd.it/vu5fmq26nd771.png?width=3840&format=png&auto=webp&s=04ae835ca2d93ca0e0036ea344b9762c83d3e723 +Any advice for someone planning to have multiple children in a few years time? I’m mid 20s married, earn about 85k-95k per year. I️ max out my IRA and have about 15k in savings. Counterpart makes about 35k. + +Edit: Thank you all for the great responses!! +**Warning: Long read!** + +This is **not relevant for those who do not believe in tax compliance for ideological reasons or otherwise!** ;) + +Of late, I've seen a lot of interest & enthusiasm among Resident Indian investors to invest in foreign markets, esp. US markets, directly. LRS made this legally easier. There is also an emerging ecosystem of players (HDFC global investing, INDWealth, Vested,...) that is catering to this need. + +This post does not get into the merits of foreign investments. Nor does it go into the legal aspects of cross-border transactions & investments. It also does not speak about the viability of the ecosystem. It merely tries to **propose a thesis about the impact of a very narrow, operational aspect viz. tax compliance in India as far as Individual foreign investments are concerned.** + +(I will also not go into why the taxation system (in India or elsewhere) is how it is, whether it’s fair & just, how it has to be improved etc. There are alternative avenues for Resident Indians to take exposure to foreign equity, but that again is outside the scope of this post.) + +***Thesis:*** **Anyone (Tax status: Resident Indian) wishing to dabble in foreign stocks should really not take the taxation angle casually and must take into account all the implications, procedures and paperwork and hassles involved. Don't hold foreign stocks/ETFs/funds/other assets, unless you're going to have substantial pay-off that justifies fees to an experienced CA**. + +**Clarification:** Please don't misconstrue this post as a blanket rejection of direct foreign equity investments as an avenue. I just wanted to bring to the attention of investors this need for increased reporting compliance & paperwork as well as potential double taxation of dividends due to non-relief for Foreign Taxes Credit. This is an attempt to help you make a more informed choice by bringing to the fore an often overlooked factor and not to scare or dissuade everyone away from direct foreign equity.. + +***Part A: Reporting of foreign assets and income*** + +1. **You must fill out more detailed IT returns**: **You cannot use Saral ITR form if you hold any foreign assets** (even if those are acquired by default, such as via company stock awards or 401k when you were an NRI.) If you possess any foreign holdings, including bank accounts or stocks or real estate or just cash in foreign brokerage accounts, you are required to **fill out FA & FSI schedules of ITR 2/ ITR 3 or others as applicable.** + 1. **This is true even if you have no other income to disclose, or even if your taxable income is below tax limit!** + 2. **Even if you have had no foreign transactions** during the year and only passively held any foreign assets, you must fill up FA schedule. +2. **Disclose foreign income including dividends**: **You have to fill out the FSI schedule** to show transactions resulting in Income from Foreign Sources, and ensure that this income is also included in your total income computation. + 1. You have to include **any capital gains** (short-term or long-term) in CG schedule. + 1. This is applicable even if you don't receive any proceeds in your Indian bank account and/or you let the gains stay with your broker as cash balance, or use it for another investment or deposit to overseas bank account + 2. You have to include the **Foreign Dividend income** in OS schedule under "Income from Other Sources - Dividends" + 1. This is applicable even if you hold stocks with **automatic dividend reinvestment option**, or even if you don't actually receive the dividend in your Indian bank accounts and it stays with the broker as cash balance or you transfer it to your overseas bank account! + 3. You have to reconcile all your transactions to Indian [financial year & accounting period](https://economictimes.indiatimes.com/wealth/tax/reporting-of-foreign-assets-in-income-tax-return-cbdt-issues-clarification/articleshow/70890105.cms?from=mdr) (Apr 1 – March 31) and ensure that you do have all the statements to back up those transactions. +3. **While reporting your foreign holdings and transactions, you cannot use** that day's exchange rate as available from RBI or [FBIL](https://www.fbil.org.in/securities?op=referencerate&mq=o)! There are some weird and arcane rules about how the foreign transactions are to be converted into INR. We have to use [specific month-end rates from SB](https://www.incometaxindia.gov.in/Rules/Income-Tax%20Rules/103120000000007546.htm)I!) This applies to purchase/sale transactions as well as dividends and tax withholdings / credits. + 1. SBI Telegraphic Transfer (TT) rates are available online, on their own website, for a given day. However, their historical rates are not readily available. IT Department demands that you use the **previous month-end’s rates**, and not the rates as per your actual transaction date. This means, you **must carefully download and preserve all the month-end TT rates throughout the financial year**. + +&#x200B; + +***Part B: Reporting of foreign taxes paid / withheld and claiming tax relief for the same.*** + +1. **Report your tax relief claim: You need to fill out** [**Form 67**](https://www.incometaxindia.gov.in/forms/income-tax%20rules/itr62form67.pdf) that details the foreign transactions (dividends), US IRS withholdings etc. and also provide supporting documents (such as 1042-S from your broker, as well as any broker statements.) The form should ideally be submitted ***before*** you file your ITR for the given assessment year. + 1. This form can be f[illed out online](https://www.rsm.global/india/insights/tax-insights/newsflash-form-67-enabled-income-tax-e-filing-portal-claiming-foreign-tax) (in the [incometaxindiaefiling.gov.in](https://incometaxindiaefiling.gov.in) portal after you log in) and can be submitted online along with proofs, since these past few years. You do get an acknowledgement with a reference number. +2. **Claim tax relief in ITR for any foreign taxes paid: You need to fill out schedule TR of ITR** for [any tax relief you are claiming.](https://www.incometaxindia.gov.in/Rules/Income-Tax%20Rules/rule128.htm) (In Excel utility, TR & FA are on the same page.) + 1. You can claim tax relief under section 90 or 90A or 91, depending upon whether DTAA exists with that country or not. + 2. In FA schedule, you have to also mention the article of DTAA under which tax relief is claimed. + 3. As an example: Looking at the case of US, where IRS withholdings are at the rate of 25%: Since OS gets added in your income computation and thus overall tax computation, and since TR gets included in your tax computation as a credit similar to Indian TDS, you would effectively be paying the 5% or so of difference to Indian ITD, or taking some money back if you are in lower than 25% tax brackets.) + 1. **i.** In case of US, you can claim TR under section 90, articles 10 & 25. + 4. All **the steps above would ensure that your foreign assets are reported in ITR, your foreign income is included in your income computation and your withheld foreign taxes are accounted for in your tax computation.** + +&#x200B; + +***Part C: In practice:*** + +This is where the things get murkier. + +1. It seems that presently, there is little information exchange available between US IRS and Indian ITD, at least as far as small tax payers are concerned. Even if there is info exchange, maybe ITD pays only limited attention to entire set of data. Therefore, **CPC is not in a position to validate the foreign taxes paid to IRS**. + 1. This, **even though you ensure that your foreign broker has your Indian PAN recorded with him and he mentions the same in 1042-S form**. (1042-S is the US-equivalent of Form 16-A that we get in India from Banks as TDS statement.) +2. As a result, CPC simply expresses its inability to process any ITR that has its TR schedule filled out and just transfers it to your Jurisdictional AO, who can **happily sit on your ITR for years without processing it**. (or sometimes, he processes the ITR without giving any Foreign Tax relief, which in turn may result in a tax demand.) +3. In effect, you are never certain if rest of the sections of your ITR are in order, and you are not sure if you would really be given foreign tax credit, and you're not sure when you will be issued any refunds due. + +&#x200B; + +***Part D: Repercussions of Non-compliance*** + +**Failure to report your foreign assets or income** [**invites penal action**](https://www.moneycontrol.com/news/business/personal-finance/disclose-overseas-income-in-tax-returns-or-face-penal-action-4138181.html) **under Black Money Act 2015.** + +1. Undisclosed foreign income and asset will be taxed at a flat rate of 30 percent. +2. Concealment of income and assets and evasion of tax in relation to foreign assets will be liable for prosecution with punishment of rigorous imprisonment up to 10 years +3. Penalty for concealment of income and assets to be levied at 300 percent of the tax sought to be evaded +4. Penalty of Rs. 10 lakhs may be levied on non-filing of tax return or filing of tax return with inadequate disclosure of foreign assets + +and so on.. + +At the beginning of one’s career, one may be careless about tax compliance, however, one must remember the risks of a single transgression. Apart from being penalized for that one mistake for that one year, one exposes oneself to the risk of being in bad books of the taxman, who has full powers to reopen scrutiny / reassess any past years’ ITRs as well, which is a huge bureaucratic hassle to deal with and best avoided by small investors. (IT Department already [acts on information from other tax](https://economictimes.indiatimes.com/news/economy/policy/income-tax-department-to-target-senior-executives-who-have-us-bank-accounts/articleshow/61954812.cms?from=mdr) jurisdictions and can cast its net as wide as it really intends.) + +&#x200B; + +***Bottom-line:*** + +Even if you do understand and follow all the paperwork needed to claim credit for foreign taxes paid, it never guarantees that your ITR would be processed without manual intervention, (which otherwise has been a major accomplishment of ITD during this past decade. Most individual tax-payers have their ITRs processed via CPC and refund issued within a matter of weeks.) As you could see above, **the paperwork itself is fairly tedious and time-consuming. And to top it up, not completing this paperwork, or not making all the disclosures about foreign assets is a high offense, punishable with stringent measures**. + +(**Disclosure:** I'm not a CA or certified tax professional.) + +**Edit:** Added a point about dividend reinvestment and made some formatting/clarifying edits. + +**Edit 2**: Added a clarification around the intention of this post, which is certainly not to scare potential investors into direct foreign equity, but only to make them more informed. +Title says it all. I've been trading for about a year now and I've been learning technical analysis and using indicators to day trade stocks and crypto. My problem is I get really greedy. I rarely set stop losses and when a trade goes wrong I can't stand losing so I wait until I'm green again. I play with too much of my capital too, lots of time going all in. I like the thrill of it for sure, which i understand is an easy way to lose money. + +So I recently got into trading on Kucoin and I got really excited when I learned they allow 10x margin. Some reason I just enjoy playing with big money than my measly 2k. Anyways, I was expecting Cardano to break out to the upside and I didn't think it could go wrong, which was another mistake. Obviously it didn't, crypto had a dip and I got margin called over night. + +This isn't the first time I've lost my entire capital either. It's happened 3 times this year and each time I come back thinking I'm not going to make the same mistake again, but I keep doing it. I know what I'm doing wrong too, which is the worst part. Many would tell me to give up, but I don't give up easily, especially when I want something. I really do enjoy trading and I hope to learn self control so that way it could be a real form of income for me. + +Part of me already knows what these replies are going to be. "Go back to paper trading" "find what strategy you like" "revise your strategy" "stick to your trading plan" "go read trading in the zone" "dont be results oriented" But I hope that somebody understands the pain of overcoming emotional trading. How do you guys do it? How do stick to a strategy and overcome the psychological game? I feel like it's the only thing holding me back at this point so if any of you have been able to get over this barrier I would love any advice. Criticism is welcome. + +Edit: Didnt expect to wake up to so many answers, wow! I'll be reading and replying to as much as I can. Thank you guys for all the support, I really do want to get serious next time around. +I came across the idea of FIRE when I stated accumulating a bit of coin and was wondering what to do with it. FIRE was such a life changing idea and yet so simple - 'what can I buy with this extra money? - get rid of your job dummy, so you can free up your time/live your life!' that I am surprised I had to have this told to me by someone rather than have it be self evident. + +My question is: +What are some other 'blow your mind' approaches/mindsets/ways of thinking in life-design/health/relationships/finance/problem solving/stress management/time management/learning how to learn/limiting beliefs/risk taking/maximising your potential ..or anything else really..) that have completely changed your life in a big way? Being (I think) a relatively intelligent person and having completely missed FIRE I am wondering what other similar 'big ideas' I am missing. + +An analogy I read elsewhere on reddit : you can spend hours fumbling around for the light switch in a dark room - but once someone who knows where it is flips the light switch on for you - its very obvious where it is. I'm hoping folks in this community flip some other 'light switches' on for me and others here. + +Edit: Glad to see this thread blow up! Its a reminder to myself that asking good questions is soo much more important than knowing the answers. Hope that many of the ideas here end up being life changing for all of us here, as I believe they will be for me. +I’ve just have a windfall of $150k (inheritance). + +I know I’m not financially literate, I know I’m generally bad with money. I don’t really understand stocks or the property market but somehow I’m ok, no major debt. + +How can I best use this money to build wealth and maybe have some financial hope? + +I have talked to a number of wealth managers and financial planners and they all seem like scammers frankly. + +Any help would be appreciated please. +My grandma has wired her life savings to a scam artist saying that she has won the lottery and that they need money to pay the taxes. These people call her 30-40 times a day at all hours of the day and night. Supposedly they will deliver the check Thursday. She is still in denial but my uncle is planning on driving her to the police station immediately after the scammer fails to show up. Is there any steps that I, my family, or she should be taking? + +My uncle believes that the scammer works at a bank in Florida. He got the scammers number by doing a reverse phone search. His research indicates that this women impersonated a Deloitte employee. He also believes she worked for the bank, got fired, started a hairdressing business, went out of business, and now works at the bank again. + +We have known for a while that she is vulnerable to scams such as this as she has admitted to sending a couple hundred dollars occasionally. We have previously contacted the police and visited her bank to inform them. We have also warned her repeatedly about scams. Apparently, none of this worked. + +We have reached out to the IRS for their assistance. For everyone saying go to the police, the police have said that they basically can't/won't do anything until my grandma actually files the complaint so we have wait for her to admit that she has been scammed. + +Edit: To be clear, we have previously gone to her bank to alert them of the situation. She switched banks to avoid suspicion at her bank. We have also previously called the police who came to her house and told her that she is being scammed. We have also attempted to block her phone. None of this prevented this latest scam. +I have added commentary to the interview and bolded what I think are the important takeaways. If you want to read the un-adultured full interview you can find it [here.](https://www.forbes.com/sites/zackfriedman/2020/08/16/entrepreneur-chewy-founder-ryan-cohen-shares-his-best-advice/?sh=4c7b405d5840) I cut out the end part where he answers some questions about his dad. While very insightful information into the life of RC, I didn't feel like analyzing that particular part as it relates to investing. + +Over 7 years RC and Chewy raised around $350m in investments. He sold to PetSmart for 3.5bn. He has already raised [$550m](https://www.shacknews.com/article/124044/gamestop-gme-completes-550-million-secondary-stock-offering-shares-skyrocket) \+ [1.126bn](https://finance.yahoo.com/news/gamestop-completes-market-equity-offering-104500035.html) = **$1.676bn** for GameStop\*\*.\*\* The difference is this isn't private money. These monies were acquired by selling to long term devoted investors. He is starting off at GameStop in a significantly better capital position than he did at Chewy. GME **is and is not** a meme. + +>**Cohen** also served as **CEO** of **Chewy**, which **PetSmart acquired** in **2017** for **$3.35 billion**, which at the time was the **largest e-commerce acquisition ever**. +> +>**Zack Friedman:** Why did you see a need for Chewy that didn’t exist with Petco, PetSmart, Amazon and other online retailers? +> +>**Ryan Cohen:** I was going to the neighborhood pet store for my dog food but because I was busy building a business, I didn’t always have the time to make the trip. **I tried Amazon** and the big box retailers, but they were all **missing** the **specialized experience** and their **customer service sucked**. Try calling them. +> +>**With Chewy**, I combined the best from all of them. I saw an opportunity to differentiate from the pack and **convert fanatical pet parents, like myself, into die-hard customers.** Our customers got the **local pet store experience with the convenience of shopping online.** + +You can see that RC really believes in what he does. It's a mentality like this why some people would say "Invest in the man, not the company". You see a similar aspect with someone like Elon Musk. Not to put anyone on a pedestal but many investors put a lot of blind faith into him because they believe in his vision. It's great when you get the combination of a great company and a visionary behind the wheel. It's the cherry on top of a sound investment. You can see he built the business because he identified a major flaw in the existing market and sought to remedy it with controversial and groundbreaking business ideas. Some of it was against the grain as he elaborates to further on. You can see a mirror premiss in his investment in GME. + +>I **focused on bringing a human element to e-commerce**. We provided **24/7 US-based** **customer service** and included **small touches** like **handwritten** holiday **cards** and personalized pet portraits. These were ways we could **connect with customers** and **build loyalty over time,** optimizing for a **lifetime relationship,** **not a single transaction**. Chewy’s **relationship with customers** was the **secret sauce**. + +This is the main reason why Microsoft, and likely Sony, have commission based sales relationships with GameStop. Both companies have the ability to create decreased Customer Acquisition costs though GameStop vs Amazon or WalMart and create longer LifeTime Revenue and increase their Total Addressable Market. GameStop does have the largest digital magazine subscription in the world. Someone like Ryan Cohen will be able to capitalize on this aspect by focusing on Customer Service and Customer Experience. You can tell he as a huge inclination towards his customer loyalty. Another great article in the link at the top of this paragraph. + +>**Friedman:** You were **rejected by 100 different investors.** What did you learn from the process? **What made you keep going when you kept hearing no?** +> +>**Cohen:** For me, each no sounded like they just didn’t understand my vision. It was frustrating at times, but never discouraging. **Those “no”s never made me doubt my strategy** – it was the opposite. I was **motivated by** all the **rejections** and they just got me fired up. + +Buy and fucking hold. Don't worry about the noise. + +>Most investors couldn’t get past **two hurdles:** **competing head-on with Amazon** and the **pets.com failure** during the **dot com bubble.** But I was convinced being focused on the **pet category along with high-touch customer service** gave Chewy unique **competitive advantages.** **Pets.com** was a good idea but a **decade too soon** and without sufficient scale to **cover their costs.** These two hurdles didn’t scare me. **I never considered changing my business plan.** One highly respected venture capitalist told me he would be more interested if we were selling live pets over the internet rather than pet supplies. Like most investors, he believed running into Amazon’s teeth was suicidal. +> +>I understood that **thinking big** was likely going to be **misunderstood** along the way. I’m contrarian by nature, so **being misunderstood often validates** what I’m doing. It wasn’t until Chewy boxes were on doorsteps across the country that the bulk of **investors started to recognize** **our formula**. + +How many times has Ryan and GameStop shown they have a hidden edge that no one expected? That sentiment will only continue to grow. + +&#x200B; + +>**Friedman:** Let’s talk about execution and scale. You’ve said that you used Zappos as a model. You also were inspired by **Jeff Bezos** and **Amazon’s growth** and **model**. How do you go from idea to platform to scale? What was the process and **how did you scale so quickly?** +> +>**Cohen:** In **just three months** we built a **website**, found a **distributor** and **partnered** with a third-party **logistics company.** + +What has GameStop done in the last three months? Raised almost 2bn in cash. Made a ton of new hires. Expanded their product offering. Completely changed their board. Increased revenues and online sales. Got rid of the drift wood, thank you for your service Sherman. Revamped their online presence. Sustained insane valuations compared to where they were last year. + +&#x200B; + +>In June of 2011 we launched. I focused on four pillars and we did them better than anyone else. We **started** with the **value proposition** of **delighting our customers**, which we did through **amazing customer service**, **low prices**, **fast shipping**, and **selection**. The onus was on us to create the most efficient supply chain to support that business model. + +This is where we start getting into some more serious DD on RC's comments. Anyone who has ever worked for a multi billion dollar corporation recognizes what RC means when he starts talking about building pillars. Pillar systems are some of the most cliche corporate business strategy foundations that exist. What this tells me is this guy is familiar and *in the know* with running a multi-billion dollar company. He obviously has experience with Chewy but this jargon validates that he was actually doing something while he was there. Those who have been following along know that he has made a major shift towards delighting customers and offering a better value proposition. Anyone in the USA who has experienced the Door Dash same day delivery knows what I'm talking about. + +&#x200B; + +>When we **reached $200 million in sales**, we had to **insource fulfillment** to be able **scale** to the next level. We **opened** our **first two warehouses in 2014**. By **2018** we had **seven warehouses** around the country and **4.7 million square feet of space.** Each is the size of 13 football fields and four stories high. + +GameStop, like I just said is using DoorDash for fulfilment along with pickup in store. Covid is probably presenting a lot of challenges for this right now, and no doubt every industry is either going to adapt or die though these times. Maybe RC intends to insource this as well for GameStop. I also do not know what they currently do for warehousing and distribution but I would imagine this would be one of the first things RC would intent to overhaul if he saw fit. Will be curious to see if we can get any insight into these plans, if any. To give you reference 4.7 million square feet is about 3x3 city blocks or it would take about 6km by 6km of property to fit warehouses of that size. Roughly peaking. It's large though. So he is capable of managing logistics of a large scale. This is the scale of multi billion dollar operations. + +Edit: [A good spot to add u/thechaoschicken 's contribution about GameStop expanding their fulfillment capabilities with a new 700k+ sq.ft facility.](https://investor.gamestop.com/news-releases/news-release-details/gamestop-expands-fulfillment-network-new-facility-york) + +&#x200B; + +>I needed to **hire** the **best people** and **delegate** into their **areas of expertise**. Each employee we hired had a strong bias for action and were excited about the **opportunity to disrupt the pet industry.** We always hired for **will over skill.** One you can teach, the other you can’t. Everyone and everything revolved around being **customer obsessed.** We **scaled** from **3 employees** in **2011** to over **9000 Chewtopians** by **2018**. + +I specialize in labor management for large corporations. I also ran a small business with several employees. These are the fundamental aspects of managing people. You could literally be entirely unqualified in your field, as long as you delegate to qualified people and hire people based on their attitude vs their qualifications, then you will build a very strong culture and worker base. Most skills can be taught to most people, especially the motivated ones. But only the motivated ones can help you drive business forward. They will grow as much as you nurture them. One of my largest concerns with GameStop is that, judging by their subreddit, they have a ton of disgruntled employees. Sounds like they are often driven to quitting through unreasonable growth and sales expectations and competing with stores that manipulate figures. Among other problems. To see Ryan call his employees "Chewtopians" really signifies that he has a personal relationship with his workers. I would like to see that type of culture expanded in GameStop. + +&#x200B; + +>We **prioritized long term growth** **over short term profitability**. The last thing you want to be is a subscale e-commerce company. You’re a **dead man walking,** and **Amazon** will **crush you**. We **rapidly expanded our product offering** to include all pet food and supplies so there was never a reason to shop elsewhere. + +Expect the same thing with GME. Sustained growth. Long term investment. He knows what it takes to take on Amazon. We know this. We've seen it before in Chewy. Maybe Bezos will be smart enough to partner this time. Only time will tell. They have already expanded their product offering in the USA. Expect that to continue. + +&#x200B; + +>By **2018**, **90%** of our **revenue** was from **repeat customers**. + +This is easier to achieve with something like pet food, but holy smokes that is an insane figure. + +&#x200B; + +>We raised **six rounds** of **financing** and more than **$350 million** over **seven years**. We grew sales from **$2 million** in **2011** to **$3.5 billion** by **2018**, a **190% annual growth rate**. + +190% ANNUAL growth? Jesus christ those kind of returns are practically unheard of on a continued basis. Applying that to GME sends it to a trillion dollar valuation in less than 5 years. [Here's](https://www.youtube.com/watch?v=dB9ZerucuwQ) a video of Anne Hand, CEO of Super League Gaming talking about the potential market for the gaming industry. + +&#x200B; + +>**Friedman:** What’s the most misunderstood thing about entrepreneurship? +> +>**Cohen:** Don’t let the pictures or magazines mislead you, it’s not at all glamorous. Negotiating with vendors, reading long contracts, conducting nonstop interviews, convincing investors to give you money, combined with a constant stream of everyday problems, is not fun. +> +>The Type A in me is **competitive** and **loves to win**, but the day-to-day feels like you’re losing. If you think you’re winning you’re probably not doing a great job building your company. Even as our **sales** **grew** into the **billions**, I always felt behind. Whether that’s the right mentality or not, that’s how I’m wired. +> +>**Friedman:** What are three pieces of advice you would give to an aspiring entrepreneur? +> +>**Cohen:** +> +>I’d be remiss to say my way is the ‘right’ way. It’s simply **what worked for me.** My dad had a glassware importing business, and he told me about how he was talking with his dad one day. His dad had pointed at two trucks. “You see those trucks there?” he’d said. “If what’s in one of those trucks will make you more money, and what’s in the other truck will make your **customers happier**, choose the one that makes your **customers happier,** even if you make less money.” That served as the guiding premise for Chewy. +> +>Second, I was **never afraid to say no.** I was constantly bombarded with new ideas, and when you’re growing quickly it’s critical to stay focused, **so I said no to almost everything.** There’s a time and place for ideation, but in the early days when resources are finite, it’s important to choose a handful of things and do them extremely well. + +This just provides some insight into his business strategy. Out of the box thinking can be a great thing, so don't be worried if you see some un-orthodox moves come from RC. + +&#x200B; + +>Third, my **biggest risk** would have been **not taking risk**. The risk of going **head-to-head** against **Amazon.** The risk of **insourcing fulfillment**. The risk of building a company in **Florida rather** than a **popular tech hub**. The risk of **spending $3 million a month on TV ads,** more than Home Depot [HD](https://www.forbes.com/companies/home-depot) [\+1.6%](https://www.forbes.com/companies/home-depot)'s budget. The risk of **hiring expensive executives** even though we **weren’t profitable.** These decisions were some of the most **controversial** and required me being **comfortable betting against conventional wisdom**, and were often **contrary** to the **advice of my board**. Suffice it to say, I was not the most popular board member. + +This is basically where I stopped analyzing the interview. Like i said, he goes on to answer some questions about his dad. Which I believe lend a lot of insight into his personality and life but I didn't really feel comfortable commenting on it. I have no doubt his dad would be pretty proud of what he is doing now. As a father myself I would be completely blown away if my kids were doing what he's doing. Based on what RC says here I believe you can get a feel for what to expect next. TV/Social Media ads are probably coming. So much meme potential for them. Hiring expensive execs has already started. If anyone could share the DD on that I would love to link it here. The next piece of the puzzle will be what they plan to do with the over 1bn in cash on their books right now. Expecting some type of acquisition or major business expansion. + +Tl;Dr: You guys really need to put more blind faith into this guy +Interest rates have just hit up above 7% **today** with ANZ on the back of the latest NZ inflation figure of 7.2%. + +https://preview.redd.it/g2gjo6xzzou91.png?width=767&format=png&auto=webp&s=3af9ee99f8f26112eedf4a3538eb1fec89598c0a + +The housing market got completely out of control. + +You could barely find a house within an hours drive of a major New Zealand city without having to fork out a million. Now these houses are on the market for 600k and not even selling. + +It is being absolutely being hammered back down now and prices are tumbling back down to earth. + +This chart is from [QV.co.nz](https://QV.co.nz) but it has lagging average price data so it isn't quite showing the extent of it yet. + +https://preview.redd.it/4dhvzeq80pu91.png?width=840&format=png&auto=webp&s=7e91377738a1a41a225c9e86c9aa5dba5f0b52f9 + +Below is the latest REINZ property report. The main reporting agency for New Zealand below is the HPI index, the most accurate NZ has. + +More reports here + +[https://reinz.co.nz/press](https://reinz.co.nz/press) + +https://preview.redd.it/7vy7j2xl1pu91.png?width=1112&format=png&auto=webp&s=33827a90f8a3bf32cb9a34d5733ebd4f33834378 + +Below are median values from REINZ + +https://preview.redd.it/dsw7sqgn1pu91.png?width=1614&format=png&auto=webp&s=3f1f3aee0edb52ac73c1860fd01dd60fa93802e9 + +Below is the local website [trademe.co.nz](https://trademe.co.nz) where most people in NZ buy and sell houses and people are shaving hundreds of thousands off every month trying to get rid of them. I took these from my own notification watchlist. + +https://preview.redd.it/a4d8lehp1pu91.jpg?width=4300&format=pjpg&auto=webp&s=e4d4e81ccf9630b3336e5590120eaa9b4c0e8b0a + +&#x200B; + +https://preview.redd.it/kuissizp1pu91.jpg?width=4300&format=pjpg&auto=webp&s=51ec92b64a9dbf707a0a12b7f39550c0da188081 + +I thought I would make this post as a lot of people here in Australia don't keep an eye on the NZ housing market. +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! + +Hi all ! + +Not sure if this is allowed but Il try anyway. + +Recently it’s become apparent that I am the lowest earner Among my friends. I’ve had quite a few part time jobs over the years and currently working at a warehouse with a take home of 19k. + +One of my friends is on track to make 125k+ with their firm. Another is on 60k+ working in tech and another has very wealthy parents so they’ve never had to worry about money. + +It’s really disheartening, I’m genuinely glad they’ve “made it” but I just don’t know what to do. It feels like I’m constantly struggling and the work I’m doing is so draining with little time off, I can’t effectively look for anything else. + + +So I guess I’m asking how ( if you are ) did you cope with being the “ below standard “ friend and what steps did you take to increase your income ? + + +EDIT: I have a 2:1 degree in psychology and a small savings so I understand if I’m coming off “privileged “ but it’s all relative I guess. 22 years old also! + + +EDIT 2: this community is phenomenal. I’ve never seen so much support and understanding. I’m so surprised that there’s not a single person who is hating on me for feeling this way. I’ve spent about 2 hours trying to reply to everyone and il sorry if I haven’t reached you. All of these comments will help my shape the rest of my finance life. + +Thank you +I am not saying that my path is one that anyone should take. It’s not necessarily a good way or the best way. It is different than most of what I have read on this sub, so thought I would share. Here are some things about me: + +22F, mixed race, born to single teen parent and grew up really poor, chronically mentally ill. + +Based off of my general demographics, it was very unlikely that I’d make it out of poverty. From the beginning I suffered from food, home and hygiene insecurity. Mental illness runs in my family. My earliest memory of being depressed started was at 8 years old. We couldn’t afford a doctor, so this manifested in my life. It was in these moments that I promised myself I would do absolutely whatever it took to get out of poverty. + +I got my first job when I was 15 and I got a taste of what it felt like to make my own money. After a life of poverty, I felt like I had power and control. At the same time I was really struggling to manage school and my mental illness. I had a terrible boyfriend at the time who made me have sex with him. I first started to see myself as a sexual object. My 4.0gpa slipped to a 3.5gpa. I decided to go to alternative school at the local community college. I was able to take college classes to get high school credits, paid for by the school district. This allowed me to have a more flexible schedule and graduate earlier with college credits. + +My home life was terrible. My parent was never around, always at work to afford my sibling and I. So I had very little supervision. I was left to my own devices and got in a lot of trouble. At 17 I ended up getting kicked out. I went and lived with a friend for a while. I will never be able to thank them enough for taking me in. I graduated and dropped out of community college for the first time. I got sick of making minimum wage and brainstormed what job I was qualified to do and paid well. The very best I could think of was being a stripper. So on my 18th birthday, I went to a strip club and auditioned. I got the job and started working. I made really good money at that job. This didn’t mean much though, considering that I was 18 and extremely irresponsible. + +I decided to give college another try, so I enrolled in the local university using student loans. I moved into the dorms and went to class for a few weeks. I dropped out my first term due to mental illness and having no support structure. + +A year passed and my boyfriend at the time had cheated on me. We broke up and I soon realized that I needed to work on myself. I was a massively depressed 19 year old stripper with no future. I was suicidal and could barely make myself get out of bed to take a shower. I pretty much just slept all day and worked enough to afford bills. + +Although my life was in shambles, I always had money. Stripping was a very lucrative job. I decided to get help for my mental illness and saw a psychiatrist. I tried various medications and it took about 5 tries to get the right one. I spent a lot of time feeling like a zombie. He prescribed me an antipsychotic and within a week I was a completely changed person. For the first time in a very long while, I felt happy. + +I kept working and when I was 20 decided to go back to college for a third time. At the time I was already 15k in debt from dropping out twice. I decided to do a technical associates degree at a local community college. The entire cost for the program was 14k. I received merit based scholarships specifically meant for technical degrees. I got these by submitting my high school transcripts and writing essays. I earned enough scholarships that I got the entire program paid for. My boyfriend at the time made me quit stripping, so I became a bikini barista. This job paid really well also, with low work hours. He made me quit that job and we broke up. + +I applied for a technical internship at a corporation in my town. It took them 3 months to get back to me and I didn’t get the job on the first try. I had to apply again and got it on the second try. I reformed a relationship with my parent and moved back in with them. At this time I met my husband. + +I worked at the internship 32 hours a week and took 20 credits for a year to finish college on time. They paid me $17 an hour. Internship wages in my profession range from $15-17 an hour typically. There was a possibility to get a job at the end of the internship, contingent on completion of my associates degree and an interview. I definitely broke down a few times, but kept pushing because it was worth it. I worked hard enough that I surpassed expectations at work and graduated with a 3.9gpa. I was hired full time at the end of my internship. I took a position as a night shift technician. There are usually incentives for working alternative schedules. This one in particular put me at 84k per year without overtime. Some might be surprised by this number, but my field of work is very specialized. There are very few women and not many people willing to do this type of work due to the safety hazards. I actually love my job and enjoy working with the hazards. I am excited to go to work every single day. A lot of people on this sub talk about not wanting a “dangerous” job. What they don’t realized is that these jobs are often times safer than daily life. This is due to the extremely strict safety controls and procedures that are in place. Most accidents that happen in these jobs are from human error. If you are 100% committed to safety and always follow the procedure, you will be fine. I am more likely to die in a car accident on the way to work, than I am at work. + +Soon after getting the job at 21, I moved in with my boyfriend and we decided to get married. My husband has a 4 year degree and makes 82k per year, putting us at a household income of 166k. After paying off 30k of consumer debt, we budget off of one salary and save over 50% of our income. Now I am 22, working night shift and taking classes during the day. The company I work for is paying for my bachelors degree. When I complete my degree, I am going to start a need based scholarship for women in the trades at the community college I went to. + +I realized that all of this came at a significant cost. I am damaged from working as a stripper. I view myself as a sexual object and have to remind myself that I have more to offer. I am also hyper-sexual, often times without realizing it. Working as a stripper normalized hyper-sexuality for me at a young age. I have worked really hard to get this under control. + +I also have no friends. The combination of mental illness and putting in crazy hours at work/school made it pretty much impossible to have a social life. I traded a social life and social skills for money. At the time I didn’t realize that is what I was doing. I want to go out to so many places and try new things, but I don’t have a single friend to enjoy life with. Along with working night shift, it makes for a very isolating and lonely existence. I love my husband and we get along great, but it’s not healthy for him to be my only friend. I’m working on that right now. I have my first girl date this Saturday. + +My story is non-traditional and NFSW, so I don’t get to talk about it much. If anyone has questions or discussion I am open. +Investing noob, early 50s. After sitting on the sideline I invested in January with WealthSimple and have taken quite a hit. With this recent rally the portfolio improved but is still down ~15%. From everything I read/watch, it seems that this is likely a bear market rally and we have a lot lower to go. Does it make sense to divest some of the portfolio into cash at a loss, and then wait to reinvest when the market goes lower? Or just HODL and DCA? I understand the “time in the market” thesis, but there are also times when it can take many years - even decades - to recoup losses in the market. Genuinely curious how other January investors are thinking about this. +If you want DD, there is Zed's library. If you want new DD there is a DD flair. If your DD isn't getting upvoted it's because it's shit. Sorry to tell you. Quality DD will ALWAYS make its way up. But if you want BBB rated DD than use the flair. + +We've done months of analysis on the system. On the dates and deadlines and the different ways to dodge the deadlines. Compared to the beginning I'm sure most apes are savants at this point. If you're not there yet go to zed's DD [library](https://fliphtml5.com/bookcase/kosyg) (I just searched library in Superstonk and it was 2nd post). + +The frustration had been until now we were at mercy of SEC to take action. That or GameStop knowing in the back of our minds that GameStop triggering an NFT could potentially be solved with a court case and an NFT cash equivalent (cash value at time of NFT issue). Do you trust SEC to not let the above happen? Or waiting for a market crash which is kind of tragic. + +Nothing anyone could do. Only to realize damn near a year later that it's possible to take shares out of the DTCC. That the way to recall shares is by direct registering them, not turning off lending with brokers (lol). + +So stop blaming your DD not getting upvoted on DRS lol. Your DD is just not that good. If you only want DD, there is DDintoGME sub. There is the flair. There are a thousand ways to get it. At the end of the day though its just talk, not action. + +Talk is cheap. It takes money to buy whiskey. + +*As always, this is not financial advice. To be used for information and entertainment purposes only. Do and trust your own DD.* +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). +Many vloggers/bloggers make company analysis seem very easy. They just look at few numbers, read a short description of the company, mention some obvious risks and opportunities for the company, run a simple DCF with best scenario figures, worst scenario figures, and base case figures, and, bam, analysis is done. Now the viewer understands this company inside out and can make an informed buying or selling decision! + +What do you think? Is understanding individual companies that easy? +Looks like another red day on the stock market, and Im so excited! + +Can't wait to see how low this thing is gonna go! + +What do you think is the main driving factor of the downturn? + +Hope we will see some good opportunitues in the near future! +"If you students of America go to these elite business schools and law schools and they learn corporate finance the way it’s now taught and investment management the way it’s now taught. And some of these people write articles in the newspaper and other places and they say, ‘Well, the whole secret of investment is **diversification**.’ That’s the mantra. They’ve got it exactly **back-ass-ward**. The whole secret of investment is to find places where it’s safe and wise to **non-diversify**. It’s just that simple. **Diversification** is for the know-nothing investor; it’s not for the professional." - **Charlie Munger** + +"I just, I never for a moment believed this balderdash. Why **diversification? Diversification** is a rule for those who don’t know anything. Warren calls them ‘know-nothing investors’. If you’re a ‘know-nothing investor’ of course you’re going to own the average. But if you’re not a know-nothing investor, if you’re actually capable of figuring out something that will work better, you’re just hurting yourselves looking for **fifty** when **three** **will suffice**. Hell **one** will suffice if you do it right. One. If you have one **cinch**, what else do you need in life." - **Charlie Munger** +I got an email about a $200 debt from a collection company. I called and they said I made a transfer of that amount in November of last year, but that account had been closed since February. I asked them to send me proof, and they sent me a letter stating that my balance wasn't paid in full. I called today to again request proof of the debt, and he said since it's such a small amount they'll just drop the whole thing and won't report anything to the credit bureaus. I did research the company and they're legit, and I legitimately didn't owe the money, but it's always a good idea to make collections companies send proof before paying them. +How can we hold consumer tastes constant in a regression model? What is the most practical way to estimate a market demand curve for a particular product? + +I'm very interested in hearing personal experiences with regards to this (if anyone has had any, that is). Feel free to go into detail when it comes to invoking statistics. +I’m 36 and married. Have a home 2 years into a 15 year mortgage. Fully funding my 401k and solo 401k and backdoor Roth IRA and wife’s TSP. Want to retire around 55. Should have 4-6m in retirement available at 67. Have brokerage and real estate investing at additional 80k per year that should grow to about 4-5m by 55 to live on until 67. We have a 529 for babies education and separate fidelity go brokerage account for babies future expenses (wedding) major life events. I have a term life policy for 5 million. + +I want to buy a weekend home which would put my total home mortgage (main + weekend) at 13% of my gross Income (with taxes and insurance and upkeep). + +I want to buy a boat which would put my total vehicle (liability) expenses at <4% of gross income. + +Everyone I speak to has only negative things to say about second homes and boats but I feel I can fairly comfortably afford it and still meet my goals. + +Very fortunate to have a very high annual family income. + +I have run the opportunity cost of buying a second home and boat vs investing and it is obviously a loss from a total wealth building perspective but I believed I can still FatFire by 55 and do so. + +Thought...? + +Please attack / advise my plan for holes or flaws... + +***** + +Amazing and helpful responses + +It seems that the bottom line is that if one is content renting and thinks they won’t use often than that is a no brainer financially. If one uses the place frequently and gets a ton of enjoyment they feel it is well worth trading some net worth later for enjoyment now. + +Waiting a little longer to adjust to life with first child seems right for sure. And the area we are looking is an hour and ten minutes from home. + +Responses- almost 7 figures. No pay raises assumed. Actually factoring possible pay reduction of about 5% every five years. I believe and agree the assumption of 8% is wishful thinking. I can either scale back to 8 million plan or work a little longer or part time if so. + +One thing I find interesting (no one discussing) is that mortgage rates are very low and there is no telling what they will be twenty years from now. If part of my fatFire plan is having two homes to split time in there is a major trade off both in enjoyment now and financially to waiting for twenty years to purchase. If we’re content with the two homes we have that’s two mortgage free places to spend time. If we are not, we can sell and put the equity towards a home in different location without having to draw as much from investments or finance at unknown future rates. +**TL;DR:** GameStop is allowed to pay dividends as soon as it deposits the funds for their note buyback - which it can do at any point after the filing of the redemption notice and before the redemption date. If they have already deposited the funds, they can declare a dividend. + +&#x200B; + +I have been looking at the indenture filing related to the 2023 debts GameStop announced they are paying out on the 30th of this month. The indenture against dividends, share buybacks, mergers, ect ends as soon as GameStop deposits the funds with the US Bank National Association, which they can do any time before 11am April 30th. + +In the [July 6 2020 indenture filing](https://www.sec.gov/Archives/edgar/data/1326380/000119312520187950/d28310dex41.htm?fbclid=IwAR1xG3hO5qLQuB9Zg-EX5tt8JJ8eq9Kt3hgWb7MMrRb8BQew6_36eRQ1A-g) for these 2023 notes sections 8.01 and 8.02 explain what is required to remove the restrictions placed on GameStop: + +[When GameStop meets the obligations in section 8.04, they are free from the indenture against rebuying shares and issuing dividends.](https://preview.redd.it/gi8sxcd0j1t61.png?width=1258&format=png&auto=webp&s=aad77a866dd74c04a404b7bff32160df174d4728) + +Section 8.04a reads as follows: + +[GameStop meets its requirements for section 8.02 once it has deposited money in trust to pay for the notes.](https://preview.redd.it/j3h4s5xoj1t61.png?width=1265&format=png&auto=webp&s=c522f2cce31628886e2c5cbdd983bd9a281c41db) + +You'll notice that section 8.02 requires GameStop to deposit the funds into the trustee, who is named at the end of the document in section E3 as: + +[Once the money to pay the notes is in the U.S. Bank National Association's account, GameStop is free from the obligations.](https://preview.redd.it/3th92cgdk1t61.png?width=599&format=png&auto=webp&s=1b79f4a3f8af22b410501d12720b29b3c280cc46) + +Now, look at [GameStop's April 13th filing](https://news.gamestop.com/static-files/d8871fe4-2c5f-4566-9a43-4ba9d8504cef) where they announce the redemption date: + +[The redemption date is the 30th of April.](https://preview.redd.it/5db176gjm1t61.png?width=1129&format=png&auto=webp&s=72d16735e351bf6869a31ac77460e0e78fa1e4b5) + +Notice that the redemption date ***is not necessarily when GameStop will deposit the money to the US Bank National Association***. A redemption date is for the holder of the note, not the issuer of the note. Let's look back at the July 6 2020 indenture, where it says this about depositing funds with the trustee for the redemption date: + +[Now that the redemption date has been filed, GameStop can deposit the funds at any time!](https://preview.redd.it/kjdmm2uzn1t61.png?width=1269&format=png&auto=webp&s=55945641243df219dd7859d3339b5a10504f5466) + +Ok, now let's look back at GameStop's April 13th Filing with a difference point highlighted: + +[The indenture is discharged upon redemption which can be on or before 11am on the redemption date, as per section 3.05 of the indenture filing \(see previous picture\). ](https://preview.redd.it/wn0gdfk1p1t61.png?width=1121&format=png&auto=webp&s=aba5570c491106af241e2460da22e6d796ccb8a9) + +So, now that GameStop has filed the redemption notice and issued the redemption date it can end the indenture at any point by depositing the required funds with the US Bank National Association. This is explained in section 8.02 and 8.04a of the indenture filing. The redemption notice gives the date of April 30th, but ***the indenture is discharged when GameStop pays the redemption which they can do at any point before 11am April 30th as per section 3.05 of the indenture filing***. + +&#x200B; + +**Implication:** I believe that, if GameStop wanted to, they could declare a dividend on the 15th of April alongside the contents of their shareholders meeting. They could declare the record date for *both* the dividend and voting rights as the 20th of April. If they really wanted, they could purchase shares from the market too. ***Basically, now that they have filed this notice the restrictions are lifted as soon as the money is deposited with the bank.*** + +&#x200B; + +(As usual, this is not financial advice. If you notice any errors I have made, please point them out in the comments!) + +&#x200B; + +Edit: several people have asked, in the comments, why a dividend is important and how it would hurt short sellers. I have written an answer [here](https://www.reddit.com/r/Superstonk/comments/mqn97y/an_explanation_of_why_a_dividend_andor_share/?utm_source=share&utm_medium=web2x&context=3) :) +If you were to create an investment account for your future grandchildren today, what companies would you put in the portfolio, that you’re confident in that these companies are going to be around for decades? +Fam, + +I recently came across a group about stonks on Facebook. I thought you guy's were bad, turns out the folks on "[https://www.facebook.com/groups/sharetradingaustralia](https://www.facebook.com/groups/sharetradingaustralia)" are on another level... Check out the image below... + +https://preview.redd.it/t7c3w1rjq7d61.png?width=2366&format=png&auto=webp&s=8c8c69b70aeddacb5bcc06a459c423f1d04dc106 +# This is an extremely long post but I’m gonna say what I gotta say. If you need to, save it and read later. Time to dive into the Rabbit Hole… + +https://preview.redd.it/rt2wehfu7w881.jpg?width=609&format=pjpg&auto=webp&s=fbf64c2719df8663c6c8022bfc406f96c7fee566 + +This is how I feel when I think about my journey with GameStop. It’s been a wild fucking ride and I’ll always think fondly on my time here. Just so everyone’s clear on what’s going on: starting tomorrow, I am taking a hiatus from the mod team with plans to return when this rocket launches cuz we’ll need all hands on deck. I’ll be holding all of my shares tight until we are way beyond the moon and if my finances allow, I’ll buy more. I literally can’t fucking wait to come back and unleash my MOASS memes 😂 + +[A teaser of my MOASS memes \<3](https://reddit.com/link/rswkdb/video/iwo5jxsx7w881/player) + +When I became a moderator, I put every part of myself into it. I live an extremely purposeful life and I try my best to make positive change wherever I am. Because of how important our plight is to me, I gave quite nearly everything I could to help this community. All my waking energy was spent doing something for GameStop and it simply isn’t sustainable for my mental, spiritual, or financial health. + +[F in chat](https://preview.redd.it/cawri2c08w881.jpg?width=1223&format=pjpg&auto=webp&s=c84812e01c4f29143683fdf194f3fe22602f7038) + +Just to give you an idea of the shit I went through: I moved to NYC on July 1 this summer and like two weeks later was the mod drama that compelled me to become a mod. I was trying to get a lease signed, roommates added, job searching, and learning a completely new job ON TOP OF TRYING TO KEEP THE SUBREDDIT FROM IMPLODING…it was extremely fucking stressful… + +https://preview.redd.it/d9vna5z18w881.jpg?width=1032&format=pjpg&auto=webp&s=1a069fca286cc4e77359761cd7fb49030176a484 + +So that’s the main reason I decided to keep my self-imposed term limit. I’m gonna be taking a hiatus from stocks and social media in general. We’re doing a lot of good, but there’s also too much toxicity right now. People are anxious and worried. Many of us have put our literal life savings into this. And when I look at how we live against the backdrop of the whole world being on fucking fire, it’s overwhelming! It’s too much noise, too much bullshit, and I know I need to disconnect from it all for a bit. + +https://preview.redd.it/e3trtxf38w881.jpg?width=1920&format=pjpg&auto=webp&s=fc02d265f4b6c7d13428d837a62756fe17d7173f + +But yea, I’m gonna focus my attention on finding a way to make art for a living. I constantly feel like I’m a series of daily explosions happening inside a human body and that energy almost always manifests itself into making art. It feels like such a goddamn shame I haven’t found a way to channel that into any sort of income. So I’m taking a leap and investing in myself. + +https://preview.redd.it/cottsfk58w881.jpg?width=562&format=pjpg&auto=webp&s=fcd755247667d90716ab0131481343e6726754a0 + +I’m gonna build a shop to sell my art over these next couple months. I’ll start with selling physical prints of my photography and I hope shortly after, the NFT marketplace will open and I can sell my art there as well. I also have some painting and writing goals for the next year which will be fun! *(You can check out a script I wrote for It's Always Sunny in Philadelphia on my profile’s pinned posts* 😉\*)\* I can feel that 2022 is gonna be amazing… + +Yes, I hear you pitchfork wielding LARPers crying on the other end of the screen: “OHMERGERD HE’Z GOT A SHOP! HE’S SELLING OUT! SELF PROMOTION SHILL! REEEEEEEE!!!!!” + +[Is this dude a fucking brontosaurus? lmayo](https://preview.redd.it/y86or2378w881.jpg?width=598&format=pjpg&auto=webp&s=214025d03a474d9ef46c2ce46008ba7e66a958da) + +I just want to make art. And I’m so tired of working for people who don’t pay me a fair wage. And MOASS isn’t here so I gotta find a way to channel this energy into something healthy. I’ll only plug this once to avoid the shills screaming (see above meme) so if you are interested in supporting my endeavors as an artist then please follow my Reddit and Twitter profiles. More info will be on there when I have things set up. + +I feel really fortunate that you guys have welcomed me into your homes this past year. I got so many messages from you guys telling me that your families, significant others, children, etc. know about my shenanigans as ButtFarm69 😂 Wouldn’t it be cool to welcome one of my art pieces into your home too? 😉 + +[I would love my art to be displayed in your home](https://preview.redd.it/w44nzed98w881.jpg?width=1200&format=pjpg&auto=webp&s=ad84e31c761949979ad0848b6a7f2cc08d94df1e) + +[https://www.reddit.com/r/gamestopofficial/comments/rri7yz/this\_photo\_will\_be\_one\_of\_the\_first\_things\_i\_mint/](https://www.reddit.com/r/gamestopofficial/comments/rri7yz/this_photo_will_be_one_of_the_first_things_i_mint/) + +https://preview.redd.it/ntfz4qsb8w881.jpg?width=5700&format=pjpg&auto=webp&s=ca987ffc77d549cdaa49933d719c6e057363ddd1 + +I hope my actions over this past year have proven that I am a true Ape who will support this community through thick and thin. I love you guys and I believe we are on the cusp of one of the biggest historical advancements in history. But I’m fucking burned out and I hope you guys understand why I gotta do my own thing for a while. And yes, I’m fucking terrified that I’m gonna be my own boss. *“Wtf is an LLC?” “OMG taxes?!” “Wtf is a business expense?”* But I know I gotta do it. I gotta make my own path in this life. No rules. Just art. + +&#x200B; + +# Before I go though, I have some things I need to get off my chest... + +&#x200B; + +# "We are not a movement": + +Many of you will find this contentious…It **IS** a movement. What else would you call over a million people across the globe working together to uncover the secrets and corruption of the markets and bringing fairness and transparency to retail investors? + +https://preview.redd.it/gc0b32sj8w881.jpg?width=1005&format=pjpg&auto=webp&s=48cf9065ae031baea31e18660a3a472f771bd1a2 + +Some of you guys are hesitant to refer to the “movement” because not everyone agrees on what the “movement” is. I totally understand, no argument here! I think we can all agree on the *basics* though. **We want to be treated as equals. We the People deserve to have a system that works FOR us. The markets are a ponzi scheme leeching off the backs of the working class and it needs to stop!** We can agree on that, right? + +With that said, my PERSONAL vision of the “movement” is that when this shit pops off, those of us who win big owe it to society to give back. I know not everyone will participate and that’s totally cool. Some of you aren’t in it to change the world and make things better for everyone. We're all here to do whatever we want with our investments and we shouldn’t shame anyone, totally agree! + +However, I say this with the utmost sincerity in my soul, we could **really** use your help. There are a lot of people who have been left behind by the assholes who currently run the world. I hope you find the generosity in your heart to give back if you can. Again, you do whatever you wish with your earnings when this is over. But, my friend, if you change your mind, we’ll still be changing the world whenever you can join us. Apes Together Strong ✊🏼 + +https://preview.redd.it/zk75v3599w881.jpg?width=570&format=pjpg&auto=webp&s=fc0ae7773c23672bbb5322c597c2366cb742c74e + +&#x200B; + +# MSM: + +This brings me to another possibly unpopular opinion. I think ghosting the MSM is a waste of a valuable opportunity to get more retail investors on board. What are we scared of? That the MSM is gonna twist our words? They already do! And they watch our sub and post articles about it! At least if we troll them effectively we can look like badasses! + +Also think about it this way, how did you guys even hear about this investment opportunity in the first place? For many of us, including me, it was because of the news. I really think that the [SOCK (Superstonk Official Communications Kit) idea](https://www.reddit.com/r/Superstonk/comments/r8tyri/codename_sock_mod_team_was_approached_by_several/hqnp7lm/?context=3) has a lot of potential and you shouldn’t dismiss it just because you are scared of the MSM. + +I will admit, the mods and I totally fucked up that poll. It was lopsided towards “ghosting.” If you tally the final [results](https://www.reddit.com/r/Superstonk/comments/r9q8n3/official_poll_based_on_your_responses_from/), the majority of people WANTED a message, but “ghost” came out on top because the other options were segmented. Oops ¯\\\_(ツ)\_/¯ + +When we figured it out, it didn’t feel right to try to fix it because we were afraid it would look like “we didn’t like the answer so we changed the results.” I’m not sure how helpful this information is to you guys, but from the beginning, I’ve always just spoken my mind and I felt needed to be said. Do what you wish with this info. + +&#x200B; + +# Very GMErry Holiday: + +Speaking of my fuck ups, I regret that I bungled the VGH introduction by hyping it up days prior. And I gotta own that. Shills got their balls twisted and the fundraiser could’ve avoided all of that if I didn’t open my fucking mouth lol. It’s a tough pill to swallow but I gotta be honest to myself and everyone. We all make mistakes. And we gotta embrace our humanity within making them. + +With that said, holy shit, what an amazing success! [Over $100K raised for the kids, TFT, and GameStop!](https://www.reddit.com/r/Superstonk/comments/rnqcvy/over_100k_raised_for_the_kids_what_a_delight_the/) I am floored! This group didn’t exist a year ago, and look where we are now! Thank you so much to everyone who donated! + +Funny side note: My legit biggest fear was that the apes would find out some dirt on TFT and then bring the whole charity down and ruin Christmas for everyone 😂 But we didn’t do that! Yay! + +&#x200B; + +# DRS Bullies: + +I need to address some toxicity that’s been going on in the sub. There is a vocal minority in here that are ruining it for everyone and making us look like a fucking cult. To all of the people who are bullying and harassing people to DRS and saying stuff like: “you’re not a real ape if you aren’t 100% DRS”… lemme give you a fucking newsflash: + +**we are all individual investors making our own goddamn individual decisions after doing our own fucking due diligence and you can back the fuck up with telling me what to do with MY GODDAMN FUCKING SHARES, OK, CHIEF?** + +https://preview.redd.it/k63esgnb9w881.jpg?width=1015&format=pjpg&auto=webp&s=e3540bdee20141b8afd5f47f74c48ff2a44f2d96 + +For the record, I’m pro-DRS, sitting at 69% DRS’d (nice!) and I plan on keeping all of those shares in my own personal infinity pool. I feel strongly that I should have the majority of my shares in my own name, but I also feel strongly that I shouldn’t be telling you what the fuck to do with yours. So to everyone who is doing the exact opposite of that, **fuck off**. Let people come to their own conclusions without you shoving yours down their throats. With that said, here are some pro-DRS memes. + +&#x200B; + +https://preview.redd.it/h0thsdnd9w881.jpg?width=1908&format=pjpg&auto=webp&s=fae14e342892039bda013cb07bda528ffde50ebf + +[Did I just metamemeception you?](https://reddit.com/link/rswkdb/video/u86hgdl09w881/player) + +&#x200B; + +## CHAIR MAN: + +I have an incredibly extensive catalog of original GME content I’ve made over this year. One of them in particular, Chair Man, could’ve been monetized and used for my own personal gain. I could’ve made bank over it. But I didn’t. Haven’t seen a fucking dime while I’ve been busting my ass at a minimum wage job that doesn’t even come around that often so my finances have been tight. We all know I could’ve made enough money to buy a house if I had tried. But I always wanted to stay away from monetizing Chair Man because this meme belongs to the community. + +With this NFT marketplace announcement though, I got so many messages from you guys saying you want to own an NFT of Chair Man. So I have some decisions I need to make once we find out more information about the marketplace…I’m not sure what’s gonna end up happening but I promise that I’ll try to make it the most agreeable decision based on what we all want for Chair Man. Please PLEASE give me some feedback on actions that you would absolutely NOT be cool with so I can make an informed decision! Thank you! + +&#x200B; + +# RAPID FIRE THOUGHTS: + +I have a bunch of thoughts that didn’t deserve their own paragraph. So I’m dumping them here: + +&#x200B; + +* **On January 28, 2022, I will be buying a share of GameStop to protest the corruption of the buy order restrictions that occurred a year earlier (if we are still below all-time-highs).** +* If anyone tells you I've sold, you can tell that shill to go fuck themselves for spreading misinformation. When I sell, you'll know, because I'm gonna fucking be ButtFarm69, billionaire. +* Not every opposing idea is FUD.Not everyone who disagrees is a shill. +* Really great comedy is the introspection of the intersection of dumb and smart. Telling a smart concept in layman's terms. + +https://preview.redd.it/2nw82ddm9w881.jpg?width=960&format=pjpg&auto=webp&s=dad468cc4e68348ffe8e93af59671dd0e9cd7112 + +* Remember that this is a place for discussion and the overwhelming majority of us are not financial advisors. Take everything you read here with a grain of salt. +* Yes, AMC Apes are Apes because they support transparency in the markets. But AMC stock is not in the same league as GME and anyone who supports AMC over GME is a misguided fool. +* **Holy Trinity of Butts** = ButtFarm69, Rick\_of\_Spades’ whole butt, & wetdirtkurt’s butthole +* Actions aren't spoken, they are shown. Stop waiting to make a difference. BE the difference. +* Someone should make and isthisthemoass.com and the answer is NO until GME becomes a phone #. +* The world doesn't need critics, it needs problem solvers. +* You guys are lucky you didn’t have to see some of the shit we saw (hey mods, you guys remember the **coat hanger ball twist** 😂?). I TELL YOU, WE SEEN’T IT!! I SWEAR WE SEEN’T IT! +* **How come no one sent me nudes, wtf?** (this is an experiment on the Streisand effect and I am definitely totally asking this for research and scientific purposes \*wink wink\* lol \*boner\*.) +* When you guys report shills to us, the best way for you to be helpful is by giving us links, a trail of evidence that clearly proves your accusation. Show us the breadcrumbs. We've gotta play detective for tons of posts and comments each day and those minutes spent researching per incident adds up to hours out of the day and this is on top of our daily work lives and household duties. Thank you for your help! +* I am in no way associated with **GMEdd.com** or their Twitter but boy, I gotta tell you, if you aren't following them then you are missing out. These dudes got top notch DD and they are FAST. +* **Superstonk T-Shirt idea:** get a [white t-shirt and a red marker](https://www.reddit.com/r/Superstonk/comments/mm0o4c/my_submission_for_the_banner_competition/) and write r/Superstonk using your non-dominant hand. BING BONG. Thank you u/zwakenberg! +* A lot of you guys gave me encouragement over this year and I just wanted to say thank you to everyone who sent me a DM. I know I didn’t get around to the majority of you and for that I truly do apologize. +* u/Criand, if anyone made you feel like shit for your portfolio then they can go fuck themselves. You are a true Ape and have been a huge part of this community. (sidebar, wtf is your gender lmao i had no idea this whole time) + +https://preview.redd.it/o1vqjrq8aw881.jpg?width=740&format=pjpg&auto=webp&s=eb52752a5f37f92f56ac1b7556d517a77e32f5a0 + +* Everyone can be the hero of their own story, but you have to act heroically. +* 741 is just a funny inside joke and meme. I don’t think anyone truly takes it seriously so all those “we’re going too deep into conspiracies” shit is just people not getting the joke. Chill out, bro. +* The mods have their hearts in the right places. I trust them and I know they are well intentioned. Many of you need to be more forgiving. They are undoubtedly the greatest team I've ever had the pleasure of working with because everyone is open minded and respectful of dissenting perspectives. It's quite beautiful 😍 +* There will come a time when I must dox myself to you because what I have to say will be too important to hide behind anonymity. The body is a tool of expression and at some point, my message will need to be heard from my voice and seen on my face and shown by my hands. I just wanted to warn you now that I’ve thought extensively about my own anonymity and I know this is the eventual path for me. +* **WHALE TEETH FOR MOASS. LLAMA LLEGS FOR MOASS.** + +&#x200B; + +# CLOSING THOUGHTS + +https://preview.redd.it/wdhwtbmgaw881.jpg?width=672&format=pjpg&auto=webp&s=e613f4af005fc02fc0a5e9aaf75f7ef4431848ca + +It was weird finding my place in all of this because I can’t see you, can’t hear you laughing, and can’t tell how you’re reacting to my post. Most of our audience has been the lurkers. So it’s hard to tell how people feel sometimes. But it also felt like a fun experiment in learning a new way to communicate. Especially with memes, I legit felt like Banksy sometimes 😂 + +https://preview.redd.it/xmeb2qthaw881.jpg?width=861&format=pjpg&auto=webp&s=3366e77770459582c379266e988fff5743f7379f + +All of you are behind a screen and faceless. I see no race and I can make no judgments. You’re just a username. And in a way, that’s kinda beautiful. It means the only thing we can judge you on are your usernames and your actions. The stereotypes and the biases we feel when we see someone in person are gone. Whoosh! Equal playing field. Everyone gets to prove themselves on merit! What a concept! + +For the first time I feel hope. I’m Asian American and when I look on tv, I see people who look like me. Across the board, we’ve seen more representation of everyone. With the imminent adoption of web 3.0, I can’t tell you how excited I am to be right at the forefront of this emerging technology with you all! + +# Power to the Players! Power to the Creators! Power to the Collectors! Let’s finally get our fair cut of our work! + +https://preview.redd.it/07iumczxaw881.jpg?width=500&format=pjpg&auto=webp&s=79b6c55f3d23f16ed9376836c24c48f49d55d3ad + +Over this year, I’ve had the pleasure of becoming close friends to many of you degenerate Apes. Even though I don’t know what you look like IRL, I know that I’ve made a true friend. And a lot of you guys are really kind hearted people and I love you and thank you for your support throughout all of this past year. To this entire community, thank you for letting me be me <3 + +I’m not gonna lie, this identity of mine, ButtFarm69, felt like a secret superhero alter ego. People who pass by me on the street have no idea about BF69. But then behind a computer, I was trolling billionaires with memes and getting tweeted by other ones. I've always wanted to be a superhero and you guys gave me the chance to be one for a short time. I got to be myself and celebrated for that and I will never forget the way that made me feel. I'm the luckiest guy on earth! + +https://preview.redd.it/p88hnua0bw881.jpg?width=600&format=pjpg&auto=webp&s=c68c2d38b598307ccff4efefc9baabf845fc01e8 + +I’m so fucking ready to start this next chapter of history with you guys. Everyone feels that something is terribly off in society. It’s pretty fucked up no matter where you look. But I have a core belief running through my veins and I believe we still have time to save the world from utter destruction. If we work together, we can still fix things before it’s too late. But we’ve gotta start now. And as long as I can still fight, you can bet your ass I’ll be on the front lines doing what I can. + +# Unless someone like you cares a whole awful lot, nothing is going to get better. It's not. – Dr. Seuss + +https://reddit.com/link/rswkdb/video/op4bi5a1bw881/player + +# So let’s change the world together! From the bottom of my heart, thank you for all of the joy, laughter, and memories you've shared with me <3 💗🧡💛💚💙💜😍🥰 + +# I’ll see you soon on the moon, my friends 🚀🌙 Cheers to an incredible 2021 and an even better 2022 🍻 + +# --XOXO, ButtFarm69 🦍💎✋🚀🌕🐳🚽🦙🐸🍦 + +&#x200B; + +## —-------------------------------------------------------------------- + +# FOOTNOTES and RESOURCES: + +Here are some random links you might enjoy, including my greatest hits and some archival stuff I’ve kept from this journey. + +# Greatest Hits: + +Yea, bitch. I got a whole goddamn catalog of funny GME shit. This is the list of my favorites, in chronological order: + +1. [We're either gonna be rich or the village idiot ¯\\\_(ツ)\_/¯ : r/GME](https://www.reddit.com/r/GME/comments/lz4ndc/were_either_gonna_be_rich_or_the_village_idiot_%E3%83%84/) My first banger +2. [They thought GME would go bankrupt, but oh how the turntables...](https://www.reddit.com/r/GME/comments/mc7so0/they_thought_gme_would_go_bankrupt_but_oh_how_the/) +3. [I accidentally created the first WHALE TEETH meme 😂 ](https://www.reddit.com/r/GME/comments/mfqnek/has_anyone_ever_gone_whale_watching_like_this/) +4. [The shitpost I made as everyone migrated to Superstonk from r/GME](https://www.reddit.com/r/GME/comments/mk9s2a/with_subreddit_sinking_like_the_titanic_i_just/) +5. [Everyone please welcome Chairman Cohen](https://www.reddit.com/r/Superstonk/comments/mmr1de/everyone_please_welcome_chairman_cohen/) history +6. [My highest upvoted meme](https://www.reddit.com/r/wallstreetbets/comments/mnksbw/we_have_become_fearless/) +7. [I hope y'all are buckled up and packed some snacks for the ride](https://www.reddit.com/r/Superstonk/comments/mr455a/i_hope_yall_are_buckled_up_and_packed_some_snacks/) +8. [My meme in response to DFV pulling the double double down on Apr 16](https://www.reddit.com/r/wallstreetbets/comments/msbo8d/how_dfvs_balls_felt_when_he_exercised_and_bought/) lmfao +9. [my first voice acting meme](https://www.reddit.com/r/Superstonk/comments/n1a8pi/this_is_what_the_hedgies_are_up_against/) so underappreciated lmfao +10. [right now we are looking at the ultra rare TITS JACKED formation on the TA charts](https://www.reddit.com/r/Superstonk/comments/n5mfyf/right_now_we_are_looking_at_the_ultra_rare_tits/) +11. [My "Moon Man" Shitpost](https://www.reddit.com/r/Superstonk/comments/naeh2m/i_buttfarm69_have_figured_out_the_hidden_meaning/)Easily one of my best and most important works lmfao +12. [Not my post, but I really love this comment chain lmayo](https://www.reddit.com/user/ButtFarm69/comments/nh8dev/this_is_one_of_my_favorite_comment_trees_on/) +13. [Some of you are gonna get triggered lmao : r/Superstonk](https://www.reddit.com/r/Superstonk/comments/ni17z8/some_of_you_are_gonna_get_triggered_lmao/) +14. [GROUNDBREAKING DISCOVERY: Have I, ButtFarm69, blown the lid on Kenny's deepest, darkest secrets?! It's worse than you thought (please hold me, I'm scared)](https://www.reddit.com/r/Superstonk/comments/nllceu/groundbreaking_discovery_have_i_buttfarm69_blown/)Another one of my best works +15. [holy shit what if the ass banana was the final catalyst?](https://www.reddit.com/r/Superstonk/comments/nmg61d/holy_shit_what_if_the_ass_banana_was_the_final/) +16. [New DFV tweet just shouted me out and I am FLOATING on CLOUDS 😭 THANK YOU KEITH](https://www.reddit.com/r/Superstonk/comments/nrgd90/new_dfv_tweet_just_shouted_me_out_and_i_am/)When Chair Man appeared in that RoaringKitty tweet lol +17. [My DD friends came up with this idea and I think it's so dumb it just might work!](https://www.reddit.com/r/Superstonk/comments/nrin20/my_dd_friends_came_up_with_this_idea_and_i_think/) +18. [this one's for you, u/buttfarm69](https://www.reddit.com/r/Superstonk/comments/nrm4z1/this_ones_for_you_ubuttfarm69/) not mine, but you need to see this 😂 +19. [Keith Gill is currently Earth's Best Shitposter. Change my mind.](https://www.reddit.com/r/Superstonk/comments/o50swr/keith_gill_is_currently_earths_best_shitposter/) +20. [This whole thing could've been a TL;DR...smh](https://www.reddit.com/r/Superstonk/comments/o6jmp5/this_whole_thing_couldve_been_a_tldrsmh/) +21. [My name is ButtFarm69 and this is probably the dumbest meme I've ever made. Happy America Day to everyone celebrating this weekend! Remember to stay hydrated 😏](https://www.reddit.com/r/Superstonk/comments/ocdhkg/my_name_is_buttfarm69_and_this_is_probably_the/) +22. [The market's about to open and Superstonk stands tall. I didn't hear no bell.](https://www.reddit.com/r/Superstonk/comments/ondlip/the_markets_about_to_open_and_superstonk_stands/) +23. [My contribution to Whale Teeth for MOASS](https://www.reddit.com/r/Superstonk/comments/p3n26r/its_friday_the_13th_you_know_what_that_memes/) +24. [\*DEEP INHALE\*](https://www.reddit.com/r/Superstonk/comments/potjqo/deep_inhale/) +25. [Is that your final answer?](https://www.reddit.com/r/Superstonk/comments/ppct5r/is_that_your_final_answer/) +26. [Just when Kenny thought it couldn't get worse...ButtFarm69 drops a diss track -- DIAMOND TOUGH](https://www.youtube.com/watch?v=wco52YGEerk) I’m really proud of this one +27. [I wrote an It’s Always Sunny in Philadelphia script entitled "THE GANG CATCHES COVID"](https://www.reddit.com/r/IASIP/comments/qfjgop/i_wrote_an_iasip_script_entitled_the_gang_catches/) +28. [BodySurfDan Feat. ButtFarm69 -- Co Op Mode](https://www.youtube.com/watch?v=CX2u_fidFUo) +29. [My literal titties](https://www.reddit.com/r/DiamondTittiesLite/comments/qlvt12/knock_knock_ive_got_a_delivery/) +30. [i heard you like dank memes](https://www.reddit.com/r/Superstonk/comments/qwt20k/i_heard_you_like_dank_memes/) +31. [696969 MEMBERS ON SUPERSTONK](https://www.reddit.com/r/Superstonk/comments/r4oemo/696969_members_on_superstonk/) +32. [THE SALE WON'T LAST FOREVER!](https://www.reddit.com/r/Superstonk/comments/rgft4k/the_sale_wont_last_forever/) (Marketwatch Incident #2) +33. [The Origin of "Ape" (A Historical DD) : r/GME\_OotL](https://www.reddit.com/r/GME_OotL/comments/r7d5wd/the_origin_of_ape_a_historical_dd/) +34. [BodySurfDan & ButtFarm69 -- Lmayo Catastrophe](https://www.reddit.com/r/Superstonk/comments/rkqe9f/bodysurfdan_and_buttfarm69_dropping_the_last_rap/) (this one is fucking great lmfao) +35. [No matter what today, tomorrow, or the next day has in store for us, I'm forever glad I found this community of internet misfits. I love you all, to the moon and back 🥰😍](https://www.reddit.com/r/Superstonk/comments/rgakh0/no_matter_what_today_tomorrow_or_the_next_day_has/) +36. Here’s a video of me playing Catan with my friends lol: [https://youtu.be/uXiLqJtzkE0](https://youtu.be/uXiLqJtzkE0) + +## Archival Area + +[ButtFarm69's Memecubator: a dump of some GME ideas and thoughts that never came to life...](https://www.reddit.com/user/ButtFarm69/comments/rb8243/buttfarm69s_memecubator_a_dump_of_some_gme_ideas/) + +[My GME Out of the Loop subreddit](https://www.reddit.com/r/GME_OotL/) \- meta-sub to keep a cultural timeline of stuff happening with GME communities (inside-jokes and hot topics) + +**The MOASS Museum** + +(list of awesome memes and posts from the community that I collected up until July when I got too busy lol, these links take a while to load cuz the files are huge btw) + +* [Part 1](https://pdfhost.io/v/XQ6lmPC4Q_The_MOASS_Museum_Part_1) +* [Part 2](https://pdfhost.io/v/.0YGOppCY_The_MOASS_Museum_Part_2) +* [Part 3](https://pdfhost.io/v/dImaH0DQ8_The_MOASS_Museum_Part_3) + +**BF69 Meme Archive** + +(archive of all the memes that I created for the community. Most of them got deleted because they died in new or I decided not to post it) + +* [Static Memes (Jan thru May 2021)](https://imgur.com/a/AMHgwii) +* [Static Memes (Jun thru Dec 2021)](https://imgur.com/a/3CERKoV) still need to update this one +* [Videos/GIFs (Jan thru May 2021)](https://imgur.com/a/7yTV5wS) +* [Videos/GIFs (Jun thru Dec 2021)](https://imgur.com/a/aKJGPq4) still need to update this one +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! +After getting hooked, many addicted come here for support and counseling. Some are prescribed wheel therapy and some CSP. Those who successfully recover after fighting TSLA 1000 1/30 impulses, celebrate their recovery by posting green-colored RH screenshots. +This is maybe one of the most undervalued tokens out there. Once they complete development on their rug/scam scanning bot, see ya later. Check out their whitepaper and look at a preview of their tool. + +Let's get into some updates! + +**David Gokhshtein – 400k crypto members in his group/twitter:** + +Dan (the COO of Hoodrat) became a speaker on his panel advising on the crypto space. Dan hasn’t ‘plugged’ the Hoodrat token to the group yet in order to achieve a reputation within the group first but will do in the future. + +**Rebranding Hoodrat logo:** + +Criticism was received about the name ‘Hoodrat.’ People may have a hard time surpassing the name due to cultural differences. As of now, the logo of the rat will be changed. Additionally, the idea of migrating to a new blockchain in the future was discussed e.g. ADA, ETH etc. During this potential stage, the name of Hoodrat may be changed. The decisions surrounding this will most likely be voted on by the community. + +**2 videos being produced:** + +* New ‘How to buy’ video – Precise, easy, in-depth. +* 3D Animated Advertisement for Hoodrat – designed by an animator that has worked on Pixar projects and other big projects such as the Lego Movie and Ratatouille. + +**Ballerfantasy Project Rugpull:** + +The Ballerfantasy project launched a few days ago and Dan invested in it because he was a fan of the content and was their largest investor and wanted it to be successful. However, they ended up rugging and Dan introduced the remaining holders to Hoodrat which caused an increase in telegram members and Hoodrat holders. + +This story gives us an example of how important this project actually is and an example of how we, as a community can bring people in and let them know about our project. + +**Additional notes:** + +Marketing wallet has not been touched yet. We believe that the market cap of Hoodrat should be more substantial before this is used. Marketing is currently being paid for by the developers own money. Another TikTok just dropped. The team said there are some big ones to come next. + +\------------------------------ + +$HOODRAT is BSC's next-level BEP-20 token that aims to redistribute the wealth among holders tired of saving whales, the environment and homeless dogs while being rugged, scammed and robbed. The only person that deserves to be saved is you. + +Not a memecoin, utility token building an anti-rug pull screen tool based on Machine Learning for the whole crypto community to use. + +Rug pulls don’t only affect investors, they affect the entire crypto community. This is why we exist and what our vision is, to identify rug pulls BEFORE they happen and give investors peace of mind. + +* **✔️ CoinGecko Listing** +* **✔️ Stocktwits Listing** +* **✔️ Delta Listing** +* **✔️Doxxed Team** +* **✔️Celebrity Endorsed** + +✅🧀🐀BUY HERE🐀🧀✅ + +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb54a58cdc7d3fefd93ea4454e0c1a23da8bedc6f + +🧀 CHART WATCHERS HERE 🧀 + +poocoin.app/tokens/0xb54a58cdc7d3fefd93ea4454e0c1a23da8bedc6f + + +* 🧀 Contract: 0xb54a58cdc7d3fefd93ea4454e0c1a23da8bedc6f +* 🧀 1,000,000,000 Total Supply +* 🧀 50% of supply burnt after adding to Pancakeswap +* 🧀 5% Of Every Transaction is automatically burnt +* 🧀 5% Of Every Transaction Redistributed To Holders +* 🧀Locked Liquidity + +**THE DOXED TEAM:** + +Made up of talented developers, strategists and marketers who all worked for Fortune 500 companies with over 20 years experience in the technical consulting sector, 5 years in the high-tech industry and 10 years in the financial sector. + +—— + +Website: [https://hoodrat.finance](https://hoodrat.finance/) + +TG: [https://t.me/HoodratOfficial](https://t.me/HoodratOfficial) + +Twitter: [https://twitter.com/FinanceHoodrat](https://twitter.com/FinanceHoodrat) + +Twitch AMAs: [twitch.tv/hoodrattoken](https://twitch.tv/hoodrattoken) +Almost three years ago my wife and I had our first kid. I kept track of everything that we spent money on that was kid related. Starting from the pregnancy test to the hospital delivery bill. We also estimated the value of any gift we received to give a full ~~itemized bill~~ idea of how much money was spent on our kid before she was even born. I made an ugly spreadsheet to track it all. I thought about posting this here when I was all done but decided not to because A, I just had a kid and was busy, and 2 I wasn't ready for the criticism I was inevitably going to receive. But, now I am ready and less busy, so here we go. + +Starting with the big number: +To bring our baby into the world from scratch cost $9,984.55. +My wife and I spent $6445.66. +We estimated receiving $3,538.89 in gifts. + +I broke everything down into these categories: + +Category |Cost +---|--- +Gear | $1,661.02 +Diapers Ect. | $119.90 +Baby Clothes | $294.54 +Mom Clothes | $804.30 +Medical | $4,170.05 +Books | $248.78 +Toys | $275.93 +Bedroom | $2,305.53 +Feeding | $161.21 + +In anticipation of some shock on all this spending I'll add that we bought things that we felt would be useful to our lifestyle, within our budget, and that would last for many years to come. We could have spent less, and many people do, and many people actually go well beyond. + +**The most expensive things were:** +The hospital trip to safely have a baby ($3517 delivery related bills combined) +*-Having a baby fall out of a woman in a hospital in America is expensive. This was after insurance covered their portion.* +A crib + mattress that converts to a toddler bed and full size bed ($890 total - gift) +*-Kid is almost 3 and we converted the crib to the toddler bed shortly after she turned 2. She wasn't a chewer, so it's currently in great shape to stay her bed until her teens or beyond.* +Mom clothes ($804.30) +*-After seeing this final number I told myself I shouldn't ever gain too much weight because I now know how much a new wardrobe could end up costing me. We were at a point in life where most of the items were bought new and that was OK. +A new glider chair ($500 - gift) +*-I wish we could have found this used but didn't have any luck. We wanted one with a high back because I'm tall. I'm thankful we found one, I spent so many nights rocking and dozing in and out of sleep on this thing, I'm very happy with it. We still use it nightly for reading bedtime stories.* +The stroller ($384) +*-We got one of those fancy BOB running strollers, I ran over a hundred miles with her and we walked plenty of unpaved trails at our local state park. She spent hundreds of hours in this thing. This was the only stroller we used, otherwise we carried her everywhere in the front/back carrier. Plus these strollers have a high resale value.* +Car Seat + extra base ($375) +*-We have two cars, a base for each car was great.* +Two camera video baby monitor ($250) +*-We did a lot of traveling and having the extra camera to just pack and go was really handy. A video monitor is the shit, being able to check and see if a noise was just stirring or something more was great.* +A cute rug ($239) +*-A cheap rug would have served the same purpose, but shit it's our first kid, sometimes you gotta get that cute thing.* + +Writing this with the benefit of hind sight I think we actually did a great job of getting the right thing for us on the first try. We tried to get things with the idea of potentially having another child. Of everything major that we bought, the monitor is the only thing we would need to replace if another kid sauntered into our lives. The battery is now totally useless and one of the cameras died last month. Also we dropped it, so the power cord is soldiered to the chip and I'm awful at soldiering so it whole housing is glued together to keep it working. + +So can you do this cheaper? Absolutely, buy everything used. Babies aren't all that picky. I lived in rural Illinois at the time and our availability to get nice used stuff was limited. Also hand-me-downs can help tremendously, our extended family had kids eight years or more years before us (if they had any) and lived many states away so most of their baby stuff was gone. Also, don't underestimate the generosity of others, there are people out there who LOVE babies and love buying baby things, hopefully you know one or two. + +Another money saving tidbit, use cloth diapers. Back when I was weighing the benefits of them, I found we would break even with cloth over disposable at two years. Our kid suddenly decided to be potty trained right before Christmas so our cloth diapers lasted a bit over 2.5 years, we definitely saved money with cloth. If we accidentally have another kid we will save a ton in diapers because the original ones we got are still in great shape. Also, you can find used cloth diapers around which can save tons, we hope to sell ours. A very appreciable downside to cloth, you're guaranteed to be washing the diapers about 2-4 times per week. + +A shout out to /r/predaddit for all the helpful tips and stories that were so great at the time. Also /u/steeldirigible98 & /u/SavingsJada and the several updoots for the courage to finally post this on this sub. I hope this info helps someone out there. +Was just an afterthought in January. However, I’m going to inspections each week, and it’s myself and 2 or 3 others. Agents call after to know our thoughts and if we want to put in an offer (This never happened in October/November). + +As a buyer who has been looking for over 6 months and seeing prices going up to $15,000-$20,000 a month, I finally see prices stagnate, and for the first time, I’m seeing sellers drop asking prices. + +I’m now looking at a home listed for 5 weeks. In October, listings would last 5 days, and 14 days would be A LOT. + +As someone who has felt deflated, the last two months have proved it’s cooled, and now I can see the early signs of dipping. I couldn’t believe seeing a home updated for 50K less in Queensland yesterday. + + +I think there are just too many variables affecting buyer confidence. Inflation, petrol, rates and the floods for QLD are all having impacts, and it’s finally starting to show. + +Hold tight. Let’s see how it goes. But the start of the predicted drop is here. +Hi all. I work at one of the FANG's and have recently been offered an exec role at a well known Fortune 500 company. This would be my first exec role, and possibly last if things work out as expected. However I do need some advice. My current job is fairly stress free, that's unlikely to continue in this role. My total comp is likely to double, and lead to being about to FIRE for sure in a few years, and FAT FIRE a few after that. I'm looking for advice in a few things. How do you maintain work life balance in a new role, and your first exec role? What kinds of things besides comp did you negotiate for? What's the questions perhaps I should be asking that I haven't thought of yet? Current net worth is about $1.7m . And I'm 41. Should be able to double that in about 3-4 years. One other complication: my wife has complicated health issues. Switching insurance also feels stressful. The new company's isn't as good. Has anyone bought additional insurance on top of their employer's offering? Is there such a product? + +Thanks in advance! +Kinda weird that it's happened on a day when Microsoft is slightly down + +Edit: Apparently every financial source other than Google disagrees. Whoops, guess I was wrong +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. +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! + +https://www.cnbc.com/2020/04/09/jpmorgan-now-sees-economy-contracting-by-40percent-and-unemployment-reaching-20percent.html + +They seem to come out with bleaker forecasts every time they run their models. Already priced in? I really find this rally hard to believe. It's based on hopes, dreams, wishes and inkjet. +They have a game plan. No doubt. They've had time to plan. They have the power to move the price anywhere they want. Up, down, or nowhere. Whatever happens, it's because they want it to happen. + +A couple possible scenarios: + +1. It spikes. $1,000 maybe. Why? Because then they can crash the price and claim that was the short squeeze. An NFT announcement, or something else in the meeting, "pushed out the last 20% of short sellers and the squeeze is over". Clearly, BS. Don't fall for it. +2. They repeat the earnings call trick. Crash that son of a banana 40%. Why? They still think they can shake you. They shouldn't think this, but their egos tell them that they are smarter than you. +3. The price stays put. Why? Wouldn't this make you question your hypothesis more than either option above? I mean, you being a diamond handed ape, this will only last .0000005 seconds. But! This is the scenario that kills the excitement. Doesn't look like manipulation (but it is). Doesn't look like you're getting what you want. + +The point is simple, they are trying to get you to believe the story they want you to believe. Everything you see is fake. As for me, I might just avoid watching the ticker all day Wednesday. What I'm holding for won't play out this week. + +Edit 1: + +Contacted by a shill after this became hot. + +Edit 2: + +Thanks for pointing out that the shill was actually a troll. + +**Not financial advice. Not a financial advisor.** +Here is an ELI5 ("explain like I'm 5 years old") for the SoftBank news, very simplified, using toy numbers: + +Imagine SoftBank buys a TSLA call option from Goldman Sachs for $1 + +That TSLA call option gives SoftBank the right to buy a TSLA share from Goldman for $500 + +Goldman Sachs wants to make sure he can easily sell a TSLA share to SoftBank for $500 even if the TSLA share price jumps up to $650 overnight + +So Goldman Sachs buys a share of TSLA at the current market price (say, $475) to "hedge" the call option that he sold to SoftBank. Now that Goldman owns a $475 TSLA share, he can sell it to SoftBank for $500, no problem + +In this way, SoftBank spends $1 to buy a call option and in doing so forces Goldman Sachs to buy a TSLA share for $475 + +The big news is that SoftBank spent more than $4 billion buying call options, and in doing so forced market makers to purchase **hundreds of billions of dollars of worth of shares** + +This distorted the stock market. SoftBank's leveraged speculation produced, or amplified, a huge market bubble + +It's like a Ponzi scheme, or a chain letter, or a stock pump/dump. It works by sucking money in. If you sell early (while the money is still flowing in), you win. If you sell too late, you lose + +Generally speaking, 2019/2020's abnormal moves in TSLA (and other "hot" companies) seem to have little or no basis in business reality + +Instead, they may be in large part caused by option (leveraged) speculation, which became popular among retail investors (e.g., r/wallstreetbets) in 2019 and which was taken to an extreme by SoftBank in 2020 + +Everybody hates ZeroHedge, but ZeroHedge broke this story before FT, WSJ, and CNBC. The ZeroHedge article appears to be accurate and has the details (SoftBank's 13-F disclosures, indicating which companies' shares were probably involved, etc.). So take a look: https://www.zerohedge.com/markets/one-day-after-zero-hedge-ft-unmasks-softbank-call-buying-nasdaq-whale +LMT has always been on my radar, but with the recent price dip ($350), it seems to have some good characteristics. + +Dividend is about 3% with payout ratio less than 40%. They have also been consistently buying back shares. + +I did my own DCF calc and came up with an intrinsic value of $414. Analyst average price target is $430. + +Operating margins are consistently improving and ROIC is excellent. + +The elephant in the room is the US defense budget going forward. It’s been consistently increasing for quite a while, but they’d obviously be in trouble if it were cut. + +That’s what I’ve found so far. I’d appreciate input from others. +The source revealed: 'People now have burner phones to talk shit about the company - not even to reporters, just to other employees.' + +They said staff are at rock bottom, adding: 'It's the bunker mentality. These people have been under siege for 600 days now. They're getting tired, getting cranky - the only survival strategy is to quit or fully buy in.'  + +A Facebook spokesman last night admitted: 'This a challenging time.'  + + +https://www.dailymail.co.uk/news/article-6465433/Facebook-workers-turn-Zuckerberg-Founder-CEO-forced-out.html +I have been an economist and financial analyst, and was made redundant shortly before the Coronavirus crisis. I probably won’t be able to get another job anytime soon. I’m worried because I’ve been working in a very niche field (rail/transport micro economics) in the public sector that doesn’t have many jobs. So I’m looking for ways to broaden my skills to improve my employability in the future. + +Please suggest some things I can do at home? + +I’m currently learning some python and R with online courses. Any other suggestions are appreciated. + +Thanks in advance +4 years investing, my worst holding is FRU.to. +Bought it in 2017 and still has it. + +It’s my worst holding not just because I lost money on it, but because it was recommended by all analysts as “Strong Buy”. And it was deemed a Safe Play from multiple research papers on TD website. And of course back then I was big on dividend, so I looked at the financials, the company did have a great balance sheet. So I bought it at $15. + +And it became the worst stock I ever held. The stock peaked somewhere in late 2017 at $16.50 I believe. Then it began to drop, I averaged down a bit to $10, since the fundamentals were still good and analysts target price didn’t change. But when it kept dropping I realized something is wrong. It tanked a whooping 85% when the market crashed last year to $2.50. + +Good thing is it recovered a bit this year. I was down $45k with it last year, and now only down $11k. I actually don’t know why I still hold it, may switch it to another stock soon. + +4 years with a -20% return to show. “Strong buy safe pick” 😂 + +So, wondering anybody else bag holding a stock. What is your worst stock ever? +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! + +Intro 101 econ textbooks like Mankiw's suggest that a price floor for wages will create a surplus of labour and raise unemployment. But recent [empirical evidence ](https://econofact.org/do-minimum-wages-really-kill-jobs) suggests that negative employment effects are small. Is the 101 Econ theory wrong or are its critical assumptions thwarted by what happens in practice? Would there be (was there ever) a real case where the introductory 101 econ take on price floors for wages fully realised? +I don't get this place. + +There was a thread about someone who has 10 years living expenses in cash, it was only a portion of their portfolio, and they were wondering how best to invest it. + +100 comments, 83% upvoted + +Yet it is removed for not having anything to do with fatfire. + +Having 10 years expenses in cash is not something lean fire or FI is going to understand. + +What in the world are the unwritten rules you are using here for investing discussions related to fatfire? + +No wonder people want to split the sub. + +Edit: Thanks for the gold, and thanks to the mods for taking some action with the post flairs. +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? +I’m not sure if this is the right sub to post but when I came to know that the actor died without a will, it stuck with me. Not that my estate is anywhere near complicated but nevertheless here it goes. + +Im an Indian national living in the states. I have a GC that I renew but havent fully decided to take up American citizenship yet because of the worldwide income tax imposed by the US. + +I have a son who is USC and is 2 years old. My networth in India is all in income generating real estate properties. Edit: removed $, seems irrelevant. + +How do i go about protecing my USC son and creating a will for my Indian assets assuming US assets are straight forward? +**I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four posts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +**SERIES (Parts 1-4) TL/DR: We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern** ***always*** **ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or inflation (hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the World Reserve Currency holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a** [**Sword of Damocles**](https://idioms.thefreedictionary.com/a+sword+of+Damocles+hangs+over+head) **that hangs over the global financial system.** + +**The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Governments papered over the 2008 financial crisis with debt, but never fixed the underlying issues, ensuring that the crisis would return, but with greater ferocity next time. Systemic risk (from derivatives) within the US financial system has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar).** + +# I’ll break this down into four parts. ALL of this is interconnected, so please read these in order: + +# [Part One: The Global Monetary System- “A New Rome” < ](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) + +# [Part Two: Derivatives, Systemic Risk, & Nitroglycerin- “The Ouroboros” < ](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) + +# Part Three: Banks, Debt Cycles & Avalanches- “The Money Machine” < (YOU ARE HERE) + +# [Part Four: Financial Gravity & the Fed’s Dilemma- “At World’s End” <](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) + +**(side note: Part 2 \*mysteriously\* disappeared TWICE and thus got low visibility -- if you missed it please go back and read before continuing!)** + +&#x200B; + +# Preface: + +[Fractional Reserve Banking:](https://www.investopedia.com/terms/f/fractionalreservebanking.asp) Fractional reserve banking is a system in which only a fraction of [bank deposits](https://www.investopedia.com/terms/b/bank-deposits.asp) are backed by actual cash on hand and available for withdrawal. This is done to theoretically expand the economy by freeing capital for lending. + +[Debt/Credit Cycles: ](https://www.investopedia.com/terms/c/credit-cycle.asp) A credit cycle describes the phases of access to credit by borrowers. Credit cycles first go through periods in which funds are relatively easy to borrow; these periods are characterized by lower interest rates, lowered lending requirements, and an increase in the amount of available credit, which stimulates a general expansion of economic activity. These periods are followed by a [contraction](https://www.investopedia.com/terms/c/contraction.asp) in the availability of funds. + +[Quantitative Easing (QE)](https://www.investopedia.com/terms/q/quantitative-easing.asp): Quantitative easing (QE) is a form of unconventional [monetary policy](https://www.investopedia.com/terms/m/monetarypolicy.asp) in which a central bank purchases longer-term [securities](https://www.investopedia.com/terms/s/security.asp) from the open market in order to increase the money supply and encourage lending and investment. Buying these securities adds new money to the economy, and also serves to lower interest rates by bidding up fixed-income securities. It also expands the central bank's balance sheet. + +[Quantitative Tightening (QT):](https://www.investopedia.com/terms/t/tightmonetarypolicy.asp) This is the inverse of QE- The central bank tightens policy by raising short-term interest rates. Boosting interest rates increases the cost of borrowing and effectively reduces its attractiveness. Tight monetary policy can be implemented via selling assets on the central bank's balance sheet to the market through [open market operations](https://www.investopedia.com/terms/o/openmarketoperations.asp) (OMO). + +[Bank Reserves: ](https://www.investopedia.com/terms/b/bank-reserve.asp)Bank reserves are the cash minimums that financial institutions must have on hand in order to meet [central bank](https://www.investopedia.com/terms/c/centralbank.asp) requirements. This is real money that must be kept by the bank in a vault on-site or held in its account at the central bank. Cash reserves requirements are intended to ensure that every bank can meet any large and unexpected demand for withdrawals. + +&#x200B; + +# Prologue: + +&#x200B; + +[The Impossible Object](https://preview.redd.it/4f6leb97u7a71.png?width=621&format=png&auto=webp&s=1510c2e35a7ddb551b91f773b534454eb04f0862) + +“The global financial markets walk on the razor’s edge between empiricism and what you see is not what you think. The Impossible Object in art is an illustration that highlights the limitations of human perception and is an appropriate construct for our modern capitalist dystopia\*\*. **The fundamental characteristic of the impossible object is uncertainty of perception. Is it feasible for a real waterfall to flow into itself; or a triangle to twist itself in both directions? Modern financial markets are a game of impossible objects.\*\*** + +In a world where global central banks manipulate the cost of risk, the mechanics of price discovery have disengaged from reality resulting in paradoxical expressions of value that should not exist according to efficient market theory. Fear and safety are now interchangeable in a speculative and high stakes game of perception. **What you see is not what exists, and what exists cannot be understood” - (**[**Artemis Capital**](https://artemiscm.docsend.com/view/74nw2t766wnvnuwj)**)** + +&#x200B; + +# Banking and Debt Cycles + +The modern banking system can trace its [origins to the early days of the Renaissance](https://www.jstor.org/stable/2589849), in Northern Italy. There, in affluent trading cities such as Florence, Venice, and Genoa, traders dealing solely in finance set up benches (called bancas in Italian- where the modern word bank comes from) financing voyages, engaging in arbitrage, and funding ship-building for merchants. + +[Banks of that period](https://www.cobdencentre.org/2016/10/a-history-of-fractional-reserve-banking-or-why-interest-rates-are-the-most-important-influence-on-stock-market-valuations-part-1/) dealt almost exclusively in gold and silver coins, and traded these coins freely for foreign coins stamped by a different King. They quickly realized that dealing in physical coins was costly, burdensome, and dangerous, as thieves would often rob money-laden wagons between towns. + +So, they came up with an innovative solution. Instead of handing over coins to their customers, they would ask that the customer place their gold or silver in the bank’s vault, which already stored the bank’s own money, and in return the bank would hand them a banknote, or a physical receipt of ownership of the gold. The customer could then take this note and pay for real goods or services someplace else instead of carrying the coins. + +&#x200B; + +[Early Venetian Banks](https://preview.redd.it/7m6dwadbu7a71.png?width=540&format=png&auto=webp&s=2ff1bce0f82affd05fb25afe13cd3905fc3d716d) + +[The banks quickly saw a loophole](https://www.mercatus.org/publications/monetary-policy/fractional-reserve-banking)\- no one was auditing their vaults, and comparing how much gold was there versus how many notes the bank had issued. The financiers immediately began to issue more notes than gold in the vault. **This system would work fine as long as every customer had confidence in their banknote and believed that the gold backing their coins was actually there.** + +**But, once the bank started facing financial troubles, and customers showed up to redeem their notes for gold, a bank run would immediately begin- with many clients ending up with worthless pieces of paper after the vaults were emptied.** Authorities created extreme punishments for bankers caught issuing more notes than gold in the vault - in some places in Medieval Italy, death penalties were enforced for bankers caught issuing too many notes- in others, life in prison was the punishment. + +Our modern financial system is based on the early Italian antecedents. Most people believe that when you deposit funds into the bank, the money stays in your account. **In reality, the funds you invest are immediately lent out, re-deposited, and lent out again. This is called** [**Fractional Reserve Banking**](https://www.investopedia.com/terms/f/fractionalreservebanking.asp#:~:text=Fractional%20reserve%20banking%20is%20a,by%20freeing%20capital%20for%20lending.)**. Thus, the “money” you see in your bank account is a lie. It isn’t really there.** + +Let's break down how this works. Say you earn $1000 from a recent paycheck. You go to your bank and deposit these funds. The next day, the bank takes $900 (90%) of the cash you deposited and loans it out, keeping 10% in reserve in case you come to withdraw some of it. + +This money is given to Person #1, who takes this loan and buys some paint for his house. The vendor who sold him the paint then takes the $900 received and deposits it in the bank. The bank then repeats the process, loaning out 90% of the money, or $810 to Person #3, who spends/invests it with Person #4, who deposits it again, and the process repeats. Here it is visualized: + +&#x200B; + +[Fractional Reserve Banking](https://preview.redd.it/mg5mvzdgu7a71.png?width=621&format=png&auto=webp&s=c4b38b5cc8349a22b39f6e038de906b4aeb0be11) + +All along the way, the bank is able to take the same dollar bills and re-loan it out through multiple transactions (a la rehypothecation), and charge interest on the loans it creates. **This is essentially a near- infinite money glitch in the system, and allows banks to make exorbitant profits,** like [JP Morgan making over $12B in Q4 2020 alone](https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2020/4th-quarter/276305ed-730d-4acc-887c-1671d6c39e53.pdf). **However, this process also serves to GREATLY increase systemic risk- in the example above, one single $1000 transaction is turned into what APPEARS as $3,439 in bank accounts, but is actually just credit, re-deposited and re-borrowed over and over again.** + +[Here’s another way to visualize it](https://capturethemind.wordpress.com/2015/07/18/fractional-reserve-banking-one-of-the-biggest-frauds-of-man-kind/): + +&#x200B; + +[Money Rehypothecation](https://preview.redd.it/vbzys1iju7a71.png?width=616&format=png&auto=webp&s=6f9031fd218bb645ec619fbb3442588d8e06338b) + +Typically, the majority of a banks’ capital provided to businesses will be business loans, lines of credit, or venture financing. These business loans will be put to work to expand factories, build new products, hire workers, or create intellectual property- generally things that expand economic growth. + +&#x200B; + +[Most of the money exists as debt](https://preview.redd.it/ogqr9ubnu7a71.png?width=618&format=png&auto=webp&s=61c1dfb9e988f1ac18da86c367f1fb4906f7757e) + +This effectively means that the vast majority of what we “think” of as money,[ is not cash, but credit.](https://getmoneyrich.com/economy-and-short-term-debt-cycles/) Most funds in the system, thus, exist in the form of debt. + +Another effect of Fractional Reserve banking is a **supercharging** of the debt cycle. Because banks are allowed to loan and re-loan cash that is deposited, banks are able to create massive amounts of credit, helping to boost economic growth in the boom stage, and worsen economic decline in a bust. + +The Debt Cycle is a economic phenomenon that has been observed for centuries- [in ancient Israel,](https://digitalcommons.csbsju.edu/cgi/viewcontent.cgi?article=1033&context=obsculta) for example, the state enforced a debt “jubilee” every fifty years (a long human lifespan) to dissolve all debts, release people from bondage, and restore ancestral lands to the descendants. + +There are two main cycles- the long term “super” cycle, which lasts between 50-80 years (longer in countries with higher life expectancy, so most developed countries this is 80 years) and the short term “normal” cycle, which occurs every 8-10 years or so. + +&#x200B; + +[Debt Cycles](https://preview.redd.it/hz3efxltu7a71.png?width=554&format=png&auto=webp&s=31d2c3fb4c8c6e22b563723847267feed31ed448) + +The credit cycle undergoes both expansionary and contractionary phases. Let’s take a look at the four phases of a typical [credit cycle](https://www.investopedia.com/terms/c/credit-cycle.asp). + +**Expansion:** Under strong economic conditions, corporate cash flows improve due to strong consumer confidence and the increase in financial institutions’ lending efforts. Easier access to capital markets fosters an ideal environment for business growth and increase in financial leverage for enterprises. + +**Downturn:** The credit cycle downturn is typically due to an economic slowdown or potential recession, which leads to tighter credit standards. Since the credit downturn is often preceded by peak business expansion and high financial leverage, the slow business growth and low earnings experienced by businesses could lead to potential defaults. + +**Repair:** The credit cycle downturn is followed by the repair phase, which simply indicates the emergence from the economic downturn. Here, companies start to focus on strengthening their balance sheets by cutting costs and reducing financial leverage. + +**Recovery:** In the recovery phase, confidence levels start to improve as corporate balance sheets begin to look better with relatively low financial leverage. Financial institutions also tend to start loosening their lending standards. + +Let’s look at the US as an example. As you can [see below](https://blogs.cfainstitute.org/investor/2019/08/05/edward-altman-where-are-we-in-the-credit-cycle/), as we continue through the expansion phase of the credit cycle, companies borrow more debt to invest in new products or services. Once a recession hits, many of these businesses are forced to de-lever (pay back debts) and those which aren’t able to de-lever, go into bankruptcy. (notice we are LONG overdue for a recession and bankruptcy spike) + +&#x200B; + +[Bankruptcy Cycles](https://preview.redd.it/bszlb98wu7a71.png?width=609&format=png&auto=webp&s=9fe0f78c85e4a5d0cb4311e9c7ce273069acbab2) + +&#x200B; + +# The Great Depression + +The last debt supercycle began [cresting in the 1930s](https://www.lynalden.com/great-depression/). The US appeared to be poised for economic recovery following the stock market crash of 1929, until a series of bank panics in the [fall of 1930 turned the recovery into the beginning of the Great Depression](https://www.econlib.org/library/Enc/GreatDepression.html). + +&#x200B; + +https://preview.redd.it/gffgb6yyu7a71.png?width=618&format=png&auto=webp&s=6a201c6ee8008617e8d6f0c2056bba4df5bbbb39 + +When the crisis began, over 8,000 commercial banks belonged to the [Federal Reserve System](https://www.federalreserveeducation.org/about-the-fed/structure-and-functions), but nearly 16,000 did not. Those nonmember banks operated in an environment similar to that which existed before the Federal Reserve was established in 1914. That environment harbored the causes of banking crises. + +One cause was the practice of counting checks in the process of collection as part of banks’ cash reserves. These ‘floating’ checks were counted in the reserves of two banks, the one in which the check was deposited and the one on which the check was drawn. In reality, however, the cash resided in only one bank. + +Bankers at the time referred to the reserves composed of float as fictitious reserves (again, rehypothecation anyone?). The quantity of fictitious reserves rose throughout the 1920s and peaked just before the financial crisis in 1930. **This meant that the banking system as a whole had fewer cash (or real) reserves available in emergencies.** + +[Bank Run \(Suspension of Accts\)](https://preview.redd.it/0zn082jfv7a71.png?width=621&format=png&auto=webp&s=93feba293b300dcc2878e402144b9647b67a13cd) + +**Another issue was the inability to mobilize bank reserves in times of crisis.** Nonmember banks kept a portion of their reserves as cash in their vaults and the bulk of their reserves as deposits in “correspondent banks” in designated cities. Many, but not all, of the ultimate correspondents belonged to the Federal Reserve System. + +This reserve pyramid limited country banks’ access to reserves during times of crisis. When a bank needed cash, because its customers were panicking and withdrawing funds en masse, the **bank had to turn to its correspondent, which might be faced with requests from many banks simultaneously or might be beset by depositor runs itself.** + +[Bank Suspensions](https://preview.redd.it/dca38vzkv7a71.png?width=639&format=png&auto=webp&s=9f3a808d29d1da1fe48a6c7adb37a5617a94c768) + +On November 7, 1930, one of Caldwell’s (a large financial conglomerate that lost millions in stock market speculation) principal subsidiaries, the Bank of Tennessee (Nashville) closed its doors. On November 12 and 17, Caldwell affiliates in Knoxville, Tennessee, and Louisville, Kentucky, also failed. + +The failures of these institutions triggered a correspondent bank cascade that forced scores of commercial banks to suspend operations. In communities where these banks closed, depositors panicked and withdrew funds en masse from other banks. **Panic spread from town to town. Within a few weeks, hundreds of banks suspended operations. About one-third of these organizations reopened within a few months, but the majority were liquidated** ([Source](https://www.federalreservehistory.org/essays/banking-panics-1930-31)). Businesses that relied on loan financing started to collapse, and unemployment started to climb. + +[Soup Line](https://preview.redd.it/nc8mr0yov7a71.png?width=621&format=png&auto=webp&s=067a8cf9a4450b0f83516349305423f0a8a4b77a) + +What followed was a protracted period of bank runs and panics lasting for years. Contrary to common belief, not all bank runs happened at the same time- some banks experienced one or two runs- others more than that. **The Great Depression was a series of panics, rather, that culminated in a near-complete collapse of the banking system and a ban on gold as legal tender by FDR in** [**Executive Order 6102**](https://en.wikipedia.org/wiki/Executive_Order_6102)**.** + +In the wake of the crisis, several key financial reforms were made. Among them were the creation of FDIC ([Federal Deposit Insurance Corporation](https://www.investopedia.com/terms/f/fdic.asp)) which was created in 1933 to “insure” bank deposits with government funds. This, it was hypothesized, would stop bank runs and restore confidence in the system. Another reform was the creation of the [Glass- Steagall Act](https://www.federalreservehistory.org/essays/glass-steagall-act), a key legal provision that forced commercial and investment banks to remain separate entities. + +[Signing of Glass-Steagall](https://preview.redd.it/9vjwadgrv7a71.png?width=539&format=png&auto=webp&s=6ae445fd88ae1b67eb88ccbff5f778324a6ae1c5) + +**However, both of these in time would serve to further increase risk, not reduce it.** The FDIC, for example, insured $100k (later updated to $250K during 2008) of bank deposits. This was supposedly done for the benefit of the client, but many overlook that it also greatly benefited the bank. When you deposit cash into a bank, it is an asset to you- but to the bank, this is a liability- it represents a cash amount that they will have to pay out to you upon your request. **By insuring the deposit, the bank gets essentially free insurance on their liabilities, which allows them to justify taking more leverage.** + +**Glass- Steagall’s separation of banks was an amazing step at reforming the system- sadly, it was** [**repealed in 1999**](https://en.wikipedia.org/wiki/Aftermath_of_the_repeal_of_the_Glass%E2%80%93Steagall_Act) **by Bill Clinton under the** [**Gramm–Leach–Bliley Act**](https://en.wikipedia.org/wiki/Gramm%E2%80%93Leach%E2%80%93Bliley_Act) **(GLBA).** Commercial banks are where you deposit funds, get mortgages, small business loans, and personal lines of credit- Investment banks are firms that underwrite financial transactions, create derivatives, and speculate in the market. + +**By combining the two, banks are essentially allowed to bet with depositors’ money- and if they fail, they can rightly justify to regulators that their collapse would end in financial calamity for millions of working-class depositors who would lose everything since their accounts would be suspended. Thus, they become “Too Big to Fail” and receive Federal Govt bailouts, no matter how reckless they have been.** + +&#x200B; + +([I had to break this post up into two parts due to image/character limits, see second half HERE](https://www.reddit.com/r/Superstonk/comments/oh0m2s/hyperinflation_is_coming_the_dollar_endgame_part/)) + +&#x200B; + +**(Side note: I’ve been accused of being a shill/FUD spreader for the first two posts- please know this is NOT my intention! I cleared this series with Mods, (**[**PROOF**](https://drive.google.com/file/d/1HlM0vR0Mguo83k6KKKQg5HKyCZaLrOHQ/view?usp=sharing)**) (THIS IS A GOOGLE DRIVE LINK, I WASNT SURE HOW ELSE TO SHARE IT) but if you think this is FUD/SHILLY then downvote/comment and we can discuss further.)** + +Also, inflation is GOOD FOR GME> EQUITY PRICES GO UP, SHORTS MUST COVER!! +Before I started theta ganging, I was pretty stock market illiterate. I knew nothing about fundamentals or technical analysis. + +Now theta gang forces me to be very active with my research and learn everything I can about indicators and the company fundamentals and how the fed and outside influences can move the stock price. I’ve also learned about risk management and when to take the L or take profit and most importantly to not trade emotionally! + +If I don’t make great returns, I’ve at least learned a lot about the stock market that I can be a better investor in the future + +Thanks #ThetaGang +Hey I hope this ok to post. + +So my girlfriend has been getting paid an extra £500 a month for the last 4 months. Her employer hasn’t realised, and still doesn’t know. + +Now she’s really stressed on how to approach the situation. She feels really dumb for not noticing either. + +Any advice on what’s best to do would be super helpful. +I would prefer not to get into personal details because it's quite painful, but I am a 29 year old who has inherited 4 condos in NYC and I'm not sure what to do. It has already been almost 2 years and I am finally trying to sort out how to move ahead into the future. + +Each condo is worth between 700k and 1.4 million. We had a property manager who is continuing to help me, since I actually live in Austin. Each condo has tenants and things in general run smoothly. I'm learning about cap rates and the cap rate is low-ish, around 2.4%, but I have nice tenants who earn high salaries so payment has never been an issue. I work a normal job in IT and make around 85k/year, I do not really know much about real estate or investing. + +The properties are all owned by an S-corporation, so I inherited the shares of the corporation that owns them. I've consulted a couple accountants and it seems that the issue is that if I sell the condos, the money is treated as income and not long term capital gains (because the corp sells them, then the money taken out is income to me) meaning that I would take very heavy tax hits on each property, maybe upwards of almost 40-45%. + +One accountant said that there might be a way to use the shares of the corp to balance off the tax hit from selling the condos, but we never went further with that idea. + +I guess I'm trying to ask for advice on how to proceed. What can be done with these properties that are locked into an S-Corp? Is the best move just to keep them and take the rental income? or is there a clearly better financial move that someone could take in this position? I guess I'm just wondering if anyone has any ideas or suggestions for me. Thank you. + Hello everyone 🦍, this DD will be the last one I publish untill the **squeeze** hence the title **Endgame.** The reason is simple ; I strongly believe we are in the final stage of the battle with the crooked hedge funds and their agents. + + +In my humble opinion there is no reason for me to provide more **technical analysis** in the near future , or perhaps evidence for a squeeze. Hundreds of DD, countless data and hours of interview with some of the most brilliant mind and expert out there should be enough to convince you that --- + +***The things set in motion cannot be stopped.*** + + **🚀** + +https://preview.redd.it/scy5560z62971.jpg?width=680&format=pjpg&auto=webp&s=281e8a98155d94ac81294cdff04f76989c8de6ec + + +It's been one hell of a journey from DFV first YOLO post to the recent and exciting development with the company and every crazy event 🍌 that happened in between. + +**I've had the time of my life sharing these DD and shitposting with you guys.** + +**I'm ZEN as can be and I hope everyone else is.** + +**at this point I think our hands are nothing but pure diamonds. 💎** + +🍻 + +*without further ado*, let's dive in... + +# PART 1 - Basic charting 🌙 + +Without using any indicators whatsover and just by looking at our daily chart things seem to be progressing well. + + +[u/chayse1984](https://www.reddit.com/u/chayse1984/) pointed out in his DD that **GME** are currently about to break out of a cup and handle while being inside of a bullish pennant. + + +For my smooth 🧠 out there it means we have roughly a **66%** chance of breaking out on the upside to a bare minimum of about ***450$.*** + + +***(measurement from the bottom to the top of the cup on the log chart).*** + +What's also interesting to note; it would bring us exactly where **Elliot Wave guy** told us the 3rd wave would bring us. 👨‍💻 ***(This was also double checked by Youtuber Trading Sciences;*** [Source](https://www.youtube.com/watch?v=mHzT5JRMQCg)*)* + +*When two different analysis made by numerous people point in a direction it's best to assume that these speculation have a very good chance of happening for the simple fact that it plays a key factor in the psychology of trading in individuals.* + + +[Chart as analyzed by chayse and myself , cup and handle insine a bullish pennant supported by a trendline. ](https://preview.redd.it/h1xvyqp4c2971.png?width=698&format=png&auto=webp&s=306b06d329a9869e70eba7db6bbdcfe32f3e20e7) + + +**SOLVING THE CUP AND HANDLE** + + + + + +[The first thing we need to find out is how the cup and handle will play out.](https://preview.redd.it/a5g0kt6bc2971.png?width=741&format=png&auto=webp&s=fc05fbab34daab3532572839be44ce1bccfa3ed6) + + +It's pretty normal for a cup and handle to retrace as much as **50%** from their **initial high** before a blue sky breakout or in our case a trip to the **moon**. As illustrated below this would be the most possible scenario in my opinion, this would also trap bears causing even more buying pressure if the trend changes rapidly. + + + + +[GME could go as low as 172$\/173$ before breaking out. ](https://preview.redd.it/a4uhxj7dc2971.png?width=782&format=png&auto=webp&s=118d66144f615d53d7f0002a2cb195c11fed5613) + + +This to me is another scenario also **bullish** but less probable, we could see the trend reverse itself as soon as monday and we would resume our journey to the top. Such a weak downtrend would indicate that shorts and bears are now completly powerless, *they don't even believe in their own thesis anymore.* + + + If GME remains above **200$** and start to break out by the end of the week, **HOLY MOLY.** + + +[Hedgies are fucked](https://preview.redd.it/b0c2jzaec2971.png?width=767&format=png&auto=webp&s=3e79b8a76e5b1c44450c41ee48c8e7ff8ee975e2) + +If you wish to understand more about Elliot Wave theory I recommend reading Elliot Wave Guy DD or watching this [video](https://www.youtube.com/watch?v=mHzT5JRMQCg). + + +[Elliot Wave theory applied to GME](https://preview.redd.it/g4njxx7ee2971.png?width=619&format=png&auto=webp&s=bfd23dfa77a134f60784811331a3208c14efa519) + + +Now we can put all the pieces of the puzzle togheter and it look something like this, two different technique ; same result. Very bullish but also realistic and works perfectly in accordance with **William O'Neil trading strategy about the cup and handle theory and Elliot Wave theory.** + + +HODL **🚀** + + +[O'neil + Elliot theory applied to $GME](https://preview.redd.it/rbpqa4bke2971.png?width=833&format=png&auto=webp&s=a6493b2c5db7dd710900675ea97958f09ee16623) + +**If this is not enough to confirm your bias check out the next section. 😎** + + +# Part 2 - In depth T.A 🌙 + + **MACD** + + +Downtrend is getting weaker and weaker, bears are fucked. Just give it a little more time and this baby is gonna crossover like it always did in the past, as you can see everytime is crosses-over we raise our floor a little bit. + + +[MACDADDY GETTING READY TO 🌊💧🍾](https://preview.redd.it/4ksqdy3bg2971.png?width=739&format=png&auto=webp&s=ccebebe38ad71b2ed7e0455100dbd88b0e79642a) + + + +**RSI** + +RSI on GME has a tendency to bounce of the median line (**GREEN)** and explode back up, right now we're consolidating but as you can see it's just a matter of time until it breaks out again, we can also confirm that the current downtrend is very weak and that **APES** are in control. + + +[Wow Kenny ! Is that the best you could do ? ](https://preview.redd.it/srx2tw6tg2971.png?width=790&format=png&auto=webp&s=165a54d289092b1b6cf209425bc64582a5217807) + + + +**EMA** + +*The exponential moving average (****EMA****) is a technical chart indicator that tracks the price of an investment (like a stock or commodity) over time. The* ***EMA*** *is a type of weighted moving average (WMA) that gives more weighting or importance to recent price data.* + + +The EMA on the weekly timeframe is looking **great**, the EMA on the daily timeframe reminds me of the way we traded back in march. Consolidating before a break out. **Also BOOLISH LFGGGGG** + + +# WEEKLY EMA + +[Weekly EMA looking stunning. ](https://preview.redd.it/hz8asvf5h2971.png?width=409&format=png&auto=webp&s=d479b70b780744c94219d935f2ad2d20a158bc55) + + + + +[GME will most likely bounce off the 20 EMA on the WEEKLY and RIP ](https://preview.redd.it/d7cx9xu9h2971.png?width=409&format=png&auto=webp&s=a81aa699795398ec13cd6d4cdef0e9824175b69a) + + + + +# DAILY EMA + +[Last time we traded in between the 20\/50 EMA things went crazy afterward. ](https://preview.redd.it/rntb080hh2971.png?width=633&format=png&auto=webp&s=79ea9cdc301bf902223254e799ba0f70dd9e69af) + + + + + + + +[Huu guys.. 🚀](https://preview.redd.it/isvrvhlih2971.png?width=633&format=png&auto=webp&s=b8ab7235d4390e2bb229f7234fee1c365b1aef62) + +**VOLUME** + + +Well I think everyone has noticed by now that the volume is drier than the **Sahara** desert. But fear not, this is very similar to what happened back in July. + + +Low volume pullback like this are very attractive to investors as they present low risk high rewards scenario. + + + In simple term **FOMO** will be kicking in soon, and the people who didn't buy this will be mad because it's pretty much the last chance you've got at buying **GME** at a some **''reasonable price''.** +I'm sure if you could bo back in time and buy at **4$ / 40$** you would go all in, **don't miss out again.** Because you might never see the low 200's ever. + + +*Also I'd like to point out how similar the chart is looking to the previous run up to 75$ from last summer.* + + +This isn't financial advice, just common sense. + +&#x200B; + +[''awww man.. I wish I would have bought at 200$ but I wasn't sure I mean GME is a dying company on paper, right guys ? '' - Some fundamental investor](https://preview.redd.it/birhh679i2971.png?width=726&format=png&auto=webp&s=553bb5556eeb011dcad21b0c9546b03ac60b2cc1) + + + + +**BOLLINGER BANDS** + + +***Bollinger bands*** *help determine whether prices are high or low on a relative basis. They are used in pairs, both upper and lower* ***bands*** *and in conjunction with a moving average.* + + +**The Squeeze** + +The squeeze is the central concept of Bollinger Bands®. When the bands come close together, constricting the moving average, it is called a squeeze. A squeeze signals a period of low volatility and is considered by traders to be a potential sign of future increased volatility and possible trading opportunities. + +The superstonk is about to go **BRRRRRRRRRRRRRRRRRR** , **the chart is screaming BUY ME** alot of people will miss out on life changing money because **''mUh DyInG BrIcK aNd MoRtaR StorE'' .** + + +&#x200B; + +https://preview.redd.it/39k62cqoi2971.png?width=884&format=png&auto=webp&s=21b0faa672bd57dfc8a718789e0141f866874690 + + +**HVP by Bali Purr (Historical Volatility Percentile**) + + +It's my theory that **DFV and many big traders** used this signal as a confirmation to buy **Gamestop** last summer, it rarely gives a signal so when it happens it's huge. + + +**it gave a signal** ***last month !!!!!!!*** **,** usually it takes a few weeks to breakout add a few more weeks for volatility to reach a **peak**. *As we know volatility is key for us*. **We broke out!!!! SO.. in a few weeks we will MOST LIKELY SEE a HUGE SPIKE in volatility A.K.A TENDIES. 🍗🍗🍗🍗** + + +[HOLY FUCKING MOLY, this is it. Cherry on top of the sundae :D](https://preview.redd.it/5kjh4l0bj2971.png?width=571&format=png&auto=webp&s=5e5d94f3a1184deaaf16b96ae9cbab23665db9c1) + +# PART 3 : FINAL WORD AND TLDR 🌙 + +If you are doubting Techical Analysis let me give you a quote from the book ***trading in the zone*** by **Mark Douglas :** + + +*'' Individuals develop behavior patterns, and a group of individuals interacting with one another on a consistent basis form collective behavior patterns. These behaviors are observable and quantifiable and they repeat themselves with statistical reliability. -- in a sense technical analysis allow you get into the mind of the market. As a method for projecting future price movement, technical analysis as turned out to be far superior to a purely fundamental approach. '*' + +\---- + +**EVERY INDICATOR IS SCREAMING BUYYYYYYYYYYYYYYYYY** + +Like I said in the intro I feel like everything is going as it should right now. If you are anxious or feeling fudy, just know that everything is gearing for a move that is gonna literally break the **space**\-**time continuum. 🚀** + +Everything is a buy right now, **EVERYTHING**. We're past the point (I THINK) where we'll ever get **GME** at a cheap price . **Buy if you can HODL if you can't**. + +If I could go back in time and tell my past self to buy more at 40$ trust I would but I won't have the regret of not going all in at **200$ , I just maxed out.** + +**XX hodler till infinity. 🚀** + +I will see ya'll on the moon very soon. 🚀 + +~~SHILLS BTFOD~~ + +❤️ +EGGS out - + + +*EDIT : I want to thank everyone from the bottom of my heart 💖* ***X to XXXX hodlers*** *for all the work you guys have put in to build-up this amazing community.* +I’ve been working since I was 16 and saving as much as I can every month since then. Today, 7 years later my mortgage application just got approved & I have enough of a deposit to buy a house. I just wanted to share how happy I am!!! I literally can’t stop smiling :D +***I apologize for the click-baity title, but I also don't. I also know that we are tired of commenting on regulations. Screw that FUD. This one is really important for us and for our future.*** + +***FINRA 21-19 is SO MUCH BIGGER than we thought.*** ***We now have to the END OF THE DAY to be heard and directly affect the magnitude and mechanics of regulations passed with FINRA 21-19. Please do not pass on this just because it is a long read- its RICH! get ready to get PISSED*** + +source: [https://www.finra.org/rules-guidance/notices/21-19](https://www.finra.org/rules-guidance/notices/21-19) + +============================================================================ + +**TLDR:** +**-FINRA is directly responsible for the bulk of oversight failures that led to this, not the SEC** +**-FINRA admits their short reporting framework is useless in detail** +**-FINRA 21-19 brings significant reform but is still open for comment** ***TODAY ONLY***!!! +**-FINRA 21-19 though broad, is very loose and is** ***begging*** **for comment on specifics and magnitude of enforcement** +**-If MOASS doesn't start before regulations decided on here go into effect, 21-19 SIGNIFICANTLY impacts ability of shorts to maneuver illegal short positions. I would call it crippling.** +**-Depending on how much we get our voices heard, 21-19 could make the difference between regulatory catalyst or not. Shorts have already spoken.** +**-21-19 potentially constitutes a lot of the reporting standards we would have thought would have been in place 20-30 years ago** +**-GG, regardless how you feel about him, has been telling us incessantly that regulatory bodies want to hear from investors about regulatory oversight and reform. That message is also clear in 21-19** + +============================================================================ + +# INTRODUCTION + +Like many of us, I knew nothing of the markets before the January sneeze. Since then, I have accumulated a general knowledge of the inefficiencies of the current market structure that lend to rampant corruption. + +Two days ago, [u/MatEngAero](https://www.reddit.com/user/MatEngAero/) reminded us that the comment period was almost up on FINRA 21-19. I looked at the FINRA link briefly, found some other older posts from June on the topic and realized how significant it was, [and got a brief message out](https://www.reddit.com/r/Superstonk/comments/pxfua4/we_only_have_2_days_left_to_comment_on_finra_2119/). But I knew it needed a closer look, so today I dove in the best I could, and what I read left me shocked and infuriated. + +***FINRA openly admits to astounding weaknesses in the current short position reporting framework, to the effect of trying to put out a house fire with a squirt gun. These are some of the most asinine oversights I have ever seen.*** + +With 21-19, FINRA outlined these failures openly alongside significant proposals to reform many of these reporting frameworks. In the proposals is a large degree of variance in magnitude, as well as an open request for input from both investors and institutions both for and against the proposals. The proposals themselves are so significant that they are clearly a threat to ALL institutions that profit from hiding short positions. Even though the comment period was extended from Aug 4th to Sep 30th, you can bet this has been slid from our forums and that every malignant short entity has already made their arguments against every proposal on 21-19. + +Unlike all the times when Kenny and Madoff were able to sit on their oversight committees and manipulate legislation from the inside, investors have been called upon to speak for themselves; *the apes MUST answer*. Where DRS is the kryptonite to Citadel and Co., 21-19 is a Red Sun to all those scumbags, and I'm going to show you why. + +Part 1 +**I. Why is FINRA significant? FINRA is the first line of defense** +**II. Significant failures and loopholes in current SI reporting outlined by FINRA** +**III. New proposals and notable weaknesses and remedies** +**IV. What apes can do and why** + +Part 2 (coming soon as possible!) +**V. Closer look at concerns from part II and elsewhere** +**VI. FINRA questions and significant sentiments from 21-19** +**VII. Discussion and rebuttal to arguments against strict SI reporting** + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +# I. Why is FINRA significant? FINRA is the first line of defense + +We have had a lot of our hopes dashed interacting with the SEC, hoping for some sort of action both for us and for the betterment of the markets. Over and over we get loose, sometimes cryptic responses, seemingly random and small enforcement actions, and more requests for comment. The mixed messages are confusing. + +It turns out that we may have been largely barking up the wrong tree. + +[FINRA IS IN CHARGE OF BROKER-DEALER REGULATION](https://preview.redd.it/eehryik44kq71.jpg?width=666&format=pjpg&auto=webp&s=9c379036d419e9ed3cbaa96fe41d2bdee59c89b2) + +[SEC HAS GIVEN RESPONSIBILITY TO FINRA](https://preview.redd.it/2oyj0oj54kq71.jpg?width=772&format=pjpg&auto=webp&s=16a5593d12d567d622d561934c5eb996014a6125) + +Is FINRA the regulating body that we have been needing to step up? It would seem so. Remember that broker-dealers are not only brokers as we commonly refer to them, but any market institution which handles securities on behalf of clients. **I confirmed this in the list of entities they regulate**: + +[https:\/\/www.finra.org\/about\/firms-we-regulate\/broker-dealer-firms-we-regulate](https://preview.redd.it/911rmc4z4kq71.jpg?width=1298&format=pjpg&auto=webp&s=61aa5d3351fa45dde0ec1dff1e7cd49875e8c96c) + +https://preview.redd.it/vy33nqgz4kq71.jpg?width=1122&format=pjpg&auto=webp&s=e6d68c47bf407dfc0de1482a339097d26d3d1f02 + +[Also found here: IBKR, Webull, Blackrock Execution Services, Blackrock Investments LLC, etc](https://preview.redd.it/ain2fowz4kq71.jpg?width=1062&format=pjpg&auto=webp&s=1fef97bd10da0610abf46e6369c68e1e09b4cef0) + +Most of the big market participants that are part of this situation, from facilitating naked shorting to PFOF and the shuffling of FTD's, are under the jurisdiction of FINRA first before the SEC. + +I believe this means that the majority of actions that should have been taken against Citadel should have been instigated by FINRA. A big part of FINRA's regulatory ability, incompetence aside, comes from the regulations that FINRA has in place for both reporting and enforcement. Enforcement regulations are heavily dependent upon the data that FINRA supplies itself with via reporting regulations. In regards to short interest data, there is very little and it is effectively worthless. + +*(speculation) I suspect that one of the reasons why the SEC has been so slow to enforce is the same reason why FINRA got busy completing their punishment of RH for investor damages from 2016; FINRA was behind on enforcement and they had to get their things in order before they could proceed with any further enforcement actions against or involving RH.* + +Now that we've arrived at the butcher, lets get to the meat. + +# II. Significant failures and loopholes in current SI reporting outlined by FINRA + +*definitions:* +*Gross: total* +*Aggregate- combined without information on sub-components* +*Granulated- broken into individual components, such as account holders* +*Disseminate- distribute publicly* + +Here is a list of quotes from FINRA 21-19. They may not include ALL the comments of this nature from the document, nor do they demonstrate the immense instability in purpose/identity that FINRA seems to be facing that are highlighted in later in the document. I'll get to those. Admission of guilt first. + +(The following quotes are taken directly from Regulatory Notice 21-19. Elipses indicate when redundant or inapplicable text has been removed for convenience while maintaining the integrity of the text, to the best of my ability.) + +&#x200B; + +>"Under current Rule 4560, **firms report to FINRA the gross short interest in a security aggregated across all accounts twice a month**. Firms have two business days after the settlement date to submit the reports. **The data do not distinguish the type or identity of accounts with short positions. The data also do not reflect short positions that are achieved synthetically or loan obligations resulting from arranged financing.** " +> +>"FINRA understands that members may offer **arranged financing programs** (sometimes called **“enhanced lending” or “short arranging products”**) through which **a customer can borrow shares from the firm’s domestic or foreign affiliate and use those shares to close out a short position in the customer’s account**…. We request comment below on whether firms *have* such programs." +> +>"**The sale of a call option and purchase of a put option with the same expiration date and strike price provides equivalent exposure to the price of a stock as a short sale.** Despite this equivalence, **this synthetic position does not currently create a short position that would be reportable** under the current version of Rule 4560. **The extent of use of this and other types of synthetic short positions is unknown.**" +> +>" In comparing the short interest on the March 15, 2021 and March 31, 2021, settlement dates, 8,017 OTC equity securities had changes in short interest. The magnitude of the change in short interest for exchange-listed equity securities amounted to 26 percent of the average daily trading volume for the median exchange-listed security but rises to 60 percent by the 75th percentile and **192 percent by the 95th percentile.**" +> +>"Currently, **when there has been a fail-to-deliver, FINRA initiates an inquiry** with the clearing firm requesting information on whether the fail-to-deliver has been allocated to a correspondent firm and, if so, the identity of the correspondent firm" +> +>"For exchange-listed equity securities, bi-monthly **short interest data is aggregated at the security level and provided to the relevant listing exchange that determines the content of the data it disseminates.**" + +&#x200B; + +We knew that short interest is reported bi-monthly. Remember that FINRA regulates broker-dealers? FINRA has NO IDEA where short interest is coming from within those entities, nor do they know how much is from the entity itself. It takes ZERO account of synthetics. Want to know how they hide synthetic interest? They don't even have to, FINRA is blind in one eye. + +They know of "arranged financing" programs that allow members to loan other members shares in order to close out short positions, resulting in a loan that is totally uncounted as a short position. Is there anything to prevent them using other synthetics to turn these short positions into "loans?" + +Despite being aware of "arranged financing" agreements for turning shorts into inter-member loans, FINRA seems to have no idea who are using them. And, though they are aware of married puts and their synthetic short product, FINRA doesn't even ASK that they be reported. + +In a two-week period between reporting in March, FINRA KNEW that short interest was varying on AVERAGE 192% amongst the most extreme 5% of broker-dealers (172 of 3435 brokers regulated by FINRA). That means FINRA knew that SI reporting dates provide completely irrelevant data by the time of reporting. + +On an FTD, FINRA must go ASK the offending broker who it came from. + +Short interest that is reported on exchange-listed securities, as opposed to OTC listed, is not available to public directly. Instead it is first aggregated, then it must go through an exchange "THAT DETERMINES THE CONTENT OF THE DATA IT \[SHARES\]". The short interest data we see on public stocks has been compressed and then filtered by exchanges. + +In summary so far, short interest data is not only hugely incomplete before it gets to FINRA, but the data that comes is already far outdated and then gets rectified by non-regulators before it gets back to us. We knew it wasn't trustworthy already, but now we know why. It's complete garbage, all of it has been. + +This verifies what we already knew about how they dealt with the SI in January, and adds more avenues of manipulation. + +# III. New proposals and notable weaknesses and remedies + +Now (June when this was drafted), likely faced with pressure from the SEC and other agencies after allowing all that contributed to the MOASS under their watch, FINRA has come up with some proposals to reconcile these reporting issues. Despite these proposals covering most of the issues aforementioned, roughly one-third of the document is additional requests for comment on additional circumstances which I will cover later. Let's see what they propose: + +>"FINRA is considering the following changes to reported and disseminated short interest data. In some cases, FINRA also is *considering whether the additional data points proposed to be collected should be disseminated publicly or used only for regulatory purposes*. " +> +>"FINRA is considering consolidating the publication of short interest data that is reported to FINRA for both listed and unlisted securities. " +> +>"**Proprietary and Customer Account Categorization:** +> +>FINRA is considering requiring firms to segregate the total reportable short interest into two categories—short interest held in proprietary accounts and short interest held in customer accounts. +> +>...firms also would be required to specify the short interest held across all proprietary accounts and across all customer accounts (for both retail customer and institutional customer accounts) for each equity security as of the close of the designated reporting settlement date." +> +>"**Account-level Position Information:** +> +>Alternatively, FINRA is considering requiring firms to report (for regulatory purposes only; not to be disseminated publicly) short interest position information with more granularity by reporting at the account level for all equity securities" +> +>"**Synthetic Short Positions:** +> +>In addition, FINRA is considering requiring firms to reflect synthetic short positions in short interest reports. For example, enhanced short interest reporting could include synthetic short positions achieved through the sale of a call option and purchase of a put option (where the options have the same strike price and expiration month) or through other strategies. FINRA believes this information would assist FINRA in understanding the scope of market participants’ short sale activity, specifically regarding the use of less-traditional means of establishing short interest. " +> +>"**Loan Obligations Resulting From Arranged Financing:** +> +>FINRA understands that members may offer arranged financing programs (sometimes called “enhanced lending” or “short arranging products”) through which a customer can borrow shares from the firm’s domestic or foreign affiliate and use those shares to close out a short position in the customer’s account. FINRA is considering requiring members to report as short interest outstanding stock borrows by customers in their arranged financing programs to better reflect actual short sentiment in the stock" +> +>"**Frequency and Timing of Short Interest Position Reporting and Data Dissemination:** +> +>...FINRA is considering reducing the reporting timeframe to daily or weekly submissions… short interest reports \[would\] be due by 6:00 p.m. ET one business day after the designated reporting settlement date…" +> +>"FINRA also is considering reducing the FINRA processing time involved in disseminating short interest data… The proposed reduction in FINRA processing time could apply where firms report short interest to FINRA on a daily or weekly basis, as described above, and also could apply to the current twice a month reporting cycle (with or without a reduced firm turnaround time). " +> +>"**Information on Allocations of Fail-to-Deliver Positions:** +> +>Regulation SHO permits a member that is a participant of a registered clearing agency to allocate a portion of its Rule 204 fail-to-deliver position to another broker-dealer based on that other broker-dealer’s short position. FINRA is considering enhancing its short sale reporting program by adopting a new rule to require members to submit to FINRA (for regulatory purposes only; not for public dissemination) a report of daily allocations of fail-to-deliver positions to correspondent firms pursuant to Rule 204(d) of Regulation SHO. The proposed allocation report may include the following fields: +> +>Security, Identity of correspondent firm, Amount allocated to correspondent firm (number of shares), Trade date(s), Allocation Date, Close out Date, Applicable close out obligation (T+3, T+5 or T+35) +> +>…Obtaining daily information on fail-to-deliver allocations would allow FINRA to directly identify the member that is responsible for a close-out obligation (without first requesting this information from the clearing firm), and, therefore, would allow FINRA to conduct more efficient investigations." +> +>"**Account-level Position Information:** +> +>Currently, short interest is reported by a firm on an aggregated basis across all accounts. By requiring firms to report short interest positions at the account level, FINRA believes it will obtain insight into the identities of individuals or entities with large short interest positions that would enhance its reviews for compliance with Regulation SHO and other short sale obligations. To obtain the full benefit of this data, FINRA is also considering possible ways to identify account holders across firms." + +&#x200B; + +To start, FINRA makes the point that they haven't decided exactly how much of any of these proposals' reported data will be publicly disseminated, and how much will be kept internally for enforcement purposes. It is my personal belief that the more transparent the markets are, the truer and healthier competition can be. It is also my belief that any entity or FINRA member (remember, these are already broker-dealers) large enough to make significant impact on the markets by any reasonable estimation should have all position data that is subject to reporting also be subject to dissemination. To me, there is no distinction between enforceable and public corporate data in a fair market. + +Lets simplify the proposed rules and consider each of their respective weaknesses and how to fix them. + +\-**Proprietary and Customer Account Categorization:** FINRA members must report short interest differentiated by proprietary and institutional/retail accounts, instead of aggregate by member. *Wording unclear whether institutional vs retail customer SI must be reported. Institutions can easily spread short positions amongst multiple broker-dealers, effectively hiding concentrated short positions amongst retail customers. Therefore, retail vs institutional customer must be reported as separate units at a minimum, not even considering granulated institutional SI per broker-dealer.* + +\-**Account-level Position Information:** granular (by account) SI reporting for enforcement only. *I believe that granular information should be disseminated of proprietary accounts of significant broker-dealers at a minimum.* *Broker-dealers have inherent information advantages as they can see their clients positions. Customers have the right to examine whether or not their broker dealer is actively competing against their clients positions based on that advantage in a conflict of interest.* + +\-**Synthetic Short Positions:** report synthetic positions, open ended. *Only two methods are mentioned in this doc, but 2+ more are referred to as being known to exist as "less-traditional". FINRA is aware of non-specified methods of hiding SI and MUST be held to the same enforcement and regulatory standards for ALL known effective short positions, synthetic or not. Any regulation filed regulating only partially a library of known synthetic short instruments is malfeasance of Reg SHO compliance and FINRA mission.* + +\-**Loan Obligations Resulting From Arranged Financing:** Broker-dealers can lend internally to close a short position and create a loan instead. FINRA is \~considering\~ regulating this. *FINRA MUST be held accountable to treat a defined intra-member SI-defeat mechanism the same way it would treat its effective position: a synthetic short. This dichotomy must not be allowed to coexist alongside "synthetic SI reporting improvements. " Additionally, it should be made illegal to use synthetic short positions to facilitate the closure of another synthetic short position. This is a regulation defeat mechanism.* + +\-**Frequency and Timing of Short Interest Position Reporting and Data Dissemination:** Shorten reporting timeframe from bi-monthly to weekly OR daily. Shorten dissemination deadline to (implied 6:00ET T+1) independent of reporting timeframe. *The difference between one week and one day is huge. Clearly one day is the better option for reporting, and even this still puts short data t+2 of settlement. I think we should ask for complete dissemination 6:00ET next day, minimum.* + +\-**Information on Allocations of Fail-to-Deliver Positions:** report daily granulated FTD's automatically rather than waiting for FINRA inquiry, including trade date and T+n obligation. *This is a significant step forward for regulatory ability as long as it does not override current public dissemination of aggregate FTD's per security. However, given reporting will be done on a daily basis regardless the quantity of FTD's, it stands reason that public dissemination of aggregate FTD's should ALSO be done on a daily basis rather than the current bi-monthly. I think there is a good argument to be made that any security on the threshold list, given "complete" SI reporting of all effective short positions, should be subject to daily granular FTD dissemination in addition to aggregate.* + +&#x200B; + +# IV. What Apes can do and why + +The question has come up before of "if someone else has said it already, what good does it do for me to comment?" The answer is volume. We, as retail investors, have power in masses- it is the one thing that we have, that crony corporate elite do not. History has proven time and time again that the masses eventually prevail. + +Certainly there are many things here to talk about. This is just half of it, the rest will be on my next post shortly, but even the things mentioned here clearly have broad and significant implications. I personally urge you to find several of these proposals that are significant to you, and simply state the proposals you are referring to and how they should be improved and why. Lauer [requested on his summary of this months ago that we do this civilly.](https://www.reddit.com/r/Superstonk/comments/nuidlk/finra_regulatory_notice_2119_new_short_sale/) + +Do not be afraid of length. Many institutions have left lengthy comments. In fact, the more that we demonstrate that we are a keen and knowledgeable force, the more powerful this movement becomes. + +It's in my personal opinion that this has been slid for months. That the output of this regulation is a fork in the road for the integrity of the markets in the near future, AND a significant factor in the shifting of the narrative. For the sake of both us here and the future of our markets, we need to seize this opportunity and do everything we *can* to get these key reporting regulations done right. + +Also, if you are concerned with doxing, its quite easy to submit anonymous comments and use a throwaway email address. Don't let minor inconveniences prevent you from making a lasting difference. + +You can comment here at the 21-19 Notice page: [https://www.finra.org/rules-guidance/notices/21-19](https://www.finra.org/rules-guidance/notices/21-19) + +*For those who don't understand the technicalities but want to do their part- I don't want to speak for you, but ere is a short example that you could imitate that still addresses core issues :)* + +>FINRA 21-19 is a long overdue change. It is clear that the integrity of the United States market has been strained to the edge of disaster, in large part due to systemic risk developed under the regulatory authority of FINRA's outdated short interest reporting policy. While many of the policies mentioned in Regulatory Notice 21-19 address the general breadth of exploitable and ineffective reporting, they also leave significant specific gaps that could compromise the entirety of 21-19's purpose. It is critical for the restoration of both the stability of the US markets and the confidence of the investors within it that any and all regulation changes regarding short interest reporting be effective in every known circumstance where effective short positions, synthetic or not, can go unaccounted for for any length of time greater than any other short position reporting deadline. Additionally, the cost of operations necessary for applicable market members to accommodate these standards cannot be reasonably compared to the cost of a compromised market with systemic risk or the loss of investor confidence and participation in the US economy. + +&#x200B; + +For you wrinklier brains who want more! Part two is coming as soon as I can finish it, where we address the pages of pure insecurity that FINRA has in it's own ability to see things fairly. Ill also include my comment in it's entirety. But I'm going on like 16 hours straight on this and getting loopy, so I'll do my best. **Remember guys, we have until end of day, and that's it.** + +\------------------------------------------------------------------------------------------------------------------------- + +**edit:** I need to add this! Its probably equally important that we respond with thoughtful, concise and effective comments. We probably should respond directly to requests for feedback in the FINRA page. + +>"FINRA requests comment on all aspects of this Notice, including the costs and burdens associated with these potential enhancements. FINRA requests that commenters provide empirical data or other factual support for their comments wherever possible." + +Please adhere to this as much as possible. If you have time, check out the questions at the end of the form- find some, do a little dd, and show evidence that supports strong arguments for greater transparency and strict SI reporting guidelines or the consequences of lack thereof!! + +**edit2:** 10:00ET You guys are amazing. Thank you for the incredible amount of support!! I'm sorry I haven't got part 2 up yet, unfortunately I probably wont make it before the deadline, which DOES appear to be midnight tonight! Commenting is still possible as of right now. I wanted to add some examples of the more intricate questions posed in 21-19 and what a response might look like. + +https://preview.redd.it/0xpq80e3yqq71.png?width=557&format=png&auto=webp&s=dae5049c4dc81c9e5fd536e14d25996e4d178a4d + +I also wanted to add, now that posts have come out saying FINRA was colluding with Robinhood- I do not think that was the case. Broker-dealers are required by law to report certain things (though apparently not synthetic short positions 🙄) to FINRA, who is their respective regulative authority. I would assume that marking a security as Close-Only would be included. + +\-------------------------------------------------------------------------------------------------------------------------- + +**COMMENT. DRS. FIGHT.** + +**POWER TO THE PLAYERS** +So when I was 20 I decided I wanted to save up $50k. Didn’t think I’d get here so quickly, but I did. + +Now, here’s a new challenge: what the hell do I do with it. + +It’s just sitting in the bank, depreciating. + +I have no 401k, no investments, nothing. And I have no clue what to do with all the money. + +I would love to buy an apartment/house/property, I would also love to open up my own restaurant. Yet, $50k is not nearly enough for either of these in my area (NY). + +I’m open to anything, what do the wise financial gods suggest? +Just seeking some clarity, Google and this sub give me conflicting information. If it does compound, great! If it doesn't, is it still worth investing in ETFs as opposed to Index funds? +Not really sure about how to go about claiming my property here. I’ve had this sitting in my closet since my parents found it a few years back. + +Also not sure how to value it. At the time of the gift, it was 5 shares of Coca Cola. However, the stock has split twice since then, so theoretically it should be 20 shares. Since Coca Cola is worth $51 right now, I would think this certificate is worth at least $1,000. + +However, I’m also wondering about how dividends would be handled. Am I technically also entitled to dividends paid out over the last 27 years? + +Any help is greatly appreciated! + +UPDATE + +Things are looking good! + +After an hour on the phone with Fidelity, they were useless and provided no help. In fact, the guy I was talking to knew less about this than I do (mostly thanks to the knowledge shared below) + +Next I called the Computershares phone number that was listed on the Coca Cola shareholder services website. They were able to use my social security number and childhood address to locate the old account. Turns out there is actually an identical block of 5 shares of a Coca Cola that they show in my name as well! Not sure if this is because of the split, or if there’s more money out there that I just don’t have the physical certificate for. Computershares confirmed that the account has a zero balance because the funds were escheated by the state of North Carolina (a few of you warned me of this possibility, so thanks). + +Thankfully, NC does NOT automatically liquidate stocks! Their website explicitly states that if I would like to reclaim my shares I can submit a claim and they will transfer ownership back to me. Plan is to call them and submit a claim tomorrow! +Hi All, + +My wife and I are 27 years old and together had an income this year of over $400,000. My boss is a huge fan of whole life insurance and put me in touch with his broker/agent. While a longer dated term policy seems like a no-brainer given I am young and healthy, I am wondering what people think of combining this with Whole Life Insurance. The pros I suppose are the lack of volatility, it never goes away, and that it is a tax efficient means of wealth transfer / gaining exposure to corporate bonds. The negatives I suppose are the high monthly cost, the opportunity cost (investing in a higher growth asset with the money instead may make more money in the future) , and (one concern of mine in particular) is inflation rendering the ultimate payout insignificant. + +Does anyone have any thoughts for people our age and with some money to spare? + +Best Regards, + +JB +AMC Entertainment reported its second-quarter (Q2) results on Monday August 9 after the bell. They reported a revenue of $444 million with 8,890 screens operating. + +**Earnings**: -$0.71 per share vs -$0.91 expected +**Revenue**: $444.7 million vs $341.3 million expected + +##### Key Highlights: + +* In April 2021, launched an At-the-Market (ATM) equity program to sell up to 43 million shares of Class A common stock and raised approximately $427.5 million before commissions and fees. +* In May 2021, received the remaining cash consideration of approximately $31.9 million on the completion of the sale of our remaining equity interest in our theatres in Lithuania. +* In June 2021, raised $230.5 million of cash from the sale of 8.5 million shares of Class A common stock to Mudrick Capital Management, L.P. +* In June 2021, launched an ATM equity program to sell 11.55 million shares of Class A common stock and raised approximately $587.4 million before commissions and fees. This brings the total ATM equity raised in the second quarter of 2021 to approximately $1.246 billion, before commissions and fees. + +[https://risingcandle.com/marketnews/amc-smashes-q2-earnings-reports-revenue-444-7m/](https://risingcandle.com/marketnews/amc-smashes-q2-earnings-reports-revenue-444-7m/) +Hello Superstonk! + +I am just compiling this for those of you that might be interested in the more juicy non-TA parts of my weekly DD's. Since a lot of this was written over several weeks, I wanted to get it all into one place for ease of reference. Any additional exit strategies or information will be added to this post in the future. + +For those of you that prefer the Video DD's they can still be found over on [my YouTube](https://www.youtube.com/playlist?list=PLLZAlefVs0gLl3YQCGn-qqbC16WicLCVy). + +I know many of you have already read this but there is some new information here. + +# PART I: Where the hell is the Sell Button? or How to time Exits. + +Well, I guess I'll begin by going over some things about me I am generally a day and on occasion a swing trader. Timing exits is a very important part of what I do everyday. + +**GME is nothing like those positions...** + +Normally if I hit 10% profit on a regular trade I'm out unless I have some previous reason to believe It will run further. + +[Usual Day Trade \(Buy low, sell high\)](https://preview.redd.it/yiqblcr56a271.png?width=766&format=png&auto=webp&s=896261c0c5baf1b77f87bad783f4ab197d967a80) + +**GME WILL RUN FURTHER, MUCH FURTHER** + +Well, how do you handle stocks when you expect the realized profits to be much higher? + +The answer to this is I usually don't. Day-trading should be defined by risk, My risk on this trade is 2% and my upside is cut at 10%. I'm not going to risk higher profits. I am simply going to take my money and walk away. If the stock goes up another 10% I don't care, as the trade is pre-defined. + +This makes talking about GME and exits a difficult discussion. As we expect GME to be a Black Swan type event there is no way to determine expected profits and the risk for most of us is the amount we put in. + +I believe most positions in GME, mine included, are a YOLO (a stock trade defined by maximum risk and maximum profit potential) . The mentality behind this is that by risking everything the reward should be much greater than that. We have seen a lot of numbers float around on GME over the last months on the expected price targets. It started at $1000 a share in January, then the unexpected halt of trading occurred during the initial squeeze, that number has since increased. Partly based on information that came to light on the short positions involved and partly on wild speculation we have seen price targets of $10,000, $69,420, $100,000, $420,069, $10,000,000, and more recently $100,000,000. + +While I like a lot of these numbers, the reality of the situation is...WE HAVE NO IDEA + +This would be an event not only unprecedented in the stock market but of such impact and volatility that it would be impossible to accurately predict any absolute price target. + +Sounds like FUD... + +No, to say X is a the absolute price target is silly and shows a lack of understanding how markets work. + +Will this stock be worth $10M ? Possibly? It could peak at $9,989,000 or $69,420,000. + +The point is this: **WE HAVE NO IDEA, THIS HAS NEVER HAPPENED BEFORE!** + +So this week between streaming and Live charting everyday I tried to think how can I help my fellow apes, no matter the smoothness of their brains, navigate such a tumultuous event. I had to ask myself Two questions. + +1. How do you discuss exit strategy with no known price targets? +2. How do you make it simple enough to understand? + +I asked these two questions a lot and most of my answers fell short. I do believe I have finally settled on the easiest way to explain it and hopefully make it easier to understand. For this I'm going dig a little into the magical world of candlestick reading and pattern recognition. + +First thing all this will be defined at the 1-min timescale on the charts. I believe this timing will be most relevant in defining peaks. I will break this into sections and address each one. + +[3 Pillars of the Squeeze](https://preview.redd.it/gh565p6q6a271.png?width=1679&format=png&auto=webp&s=b4b6f33e3fe83fb3a0fbb40868f26771a70844c0) + +**PART A: THE ASCENT** + +Part I: Upwards Price Movement (We are here) + +This period will be marked by increasing upwards price movement, channel to channel, then periods of consolidation. This is normal price movement not necessarily volatile but it can be at times. This will be the movement as GME ascend upwards in the early stages. + +[Resistance-Test-Break-Repeat](https://preview.redd.it/lrb6i86y6a271.png?width=1809&format=png&auto=webp&s=27985a3f32fc17ddfcff65935bc3b7f374e545a2) + +This period can take weeks, months, or minutes. We have seen in the past the price can jump very rapidly in some cases. The end of this stage will most likely be marked by faster and faster moves through these resistance levels. Bringing us to our next step in the ascent. + +[Current GME Chat on the 4HR Timescale](https://preview.redd.it/2mwjel3p7a271.png?width=1597&format=png&auto=webp&s=7403c701339d4096495725073733dd6fc9d8f839) + +Part II: FOMO (Buckle up T - 10, 9, 8...) + +The faster and faster breaks in upper resistance levels are going to ignite interest in the stock, as large and small buyers rush in to capitalize on the squeeze. This is where **fear** begins to take affect as the price start moving quickly upwards some will be afraid of becoming a bag holder. **Don't worry this is just the beginning**. This Period will be marked by exponentially larger candles as volume rushes in and more price movement occurs in shorter and shorter time frames. There will be halts, there will be dips after those halts, as paper-hands, day-traders, and institutions cannibalize each other for small profits. **Breath here, stay CALM.** This period will mark the wildest price swings as volatility picks up. This will be the first pressure test of those Diamond Hands you've been bragging about. + +[Price rises into a Halt, then dips, quickly recovering to the upside](https://preview.redd.it/27u2kfm98a271.png?width=969&format=png&auto=webp&s=8bde03271d695e981eab49d0514eac2e9792c423) + +Part III: The Margin Calls (Lift Off) + +This is the moment everyone has been waiting the flight path to the moon! At some point we will hit a price, nobody knows what that price is, I estimate somewhere between 250 and 600, but may begin on some positions at a lower price. Whatever the price is, here is the moment that shorts must concede their position. The Margin Call will be marked by a significant number of halts and large green candles. The volume and range of these candles will increase dramatically from the previous stage. There will be many more halts, possibly on each candlestick, as the open market orders go un-filled the bid will continue to increase. So expect a pattern, of **unhalt -rapid rise- halt**. We will probably have more time halted than actual trading as the price explodes. Additionally, there should be very little red after the halts as upward pressure would be to great. Psychologically, this part will be easier as there is nothing to do but watch the brief periods of active trading closely. I expect this to go on for awhile, possibly days. + +[Expect many halts during this period these are absolutely normal and expected](https://preview.redd.it/9jw35sjt8a271.png?width=709&format=png&auto=webp&s=e2536c50b76016c9f8fc669a4d50cc55e805c893) + +**PART B: THE PEAK** + +&#x200B; + +[The Peaks](https://preview.redd.it/yvrwq5e89a271.png?width=700&format=png&auto=webp&s=dbbea10be2906bab5ef3c022fcc3e26def3cc9c0) + +As all good things, even the Margin Call must come to an end at some point. So, how can this be identified? The first thing we will see is fewer halts and decreasing volume as we approach the peak. Some selling should be seen in here as holders attempt to time the peak. Large upwards movement, some selling, another upwards movement. After looking at VW (2008) and GME's small squeeze in January, I feel the breaking of the peak will be marked by a series of descending [dogi's](https://www.investopedia.com/terms/d/doji.asp). Think of this as little booster rockets easing our descent onto the moon. decreasing in volume as apes finally begin their moon landing. Then patterns of large sells and smaller ascending candles. Lower highs, and lower lows. + +**This is when an exit can start to be planned**. + +[ A period marked by decreasing volume, lower highs and lower lows. You will have time to confirm this, This is not the time to be impatient. ](https://preview.redd.it/f8cjje82ba271.png?width=1397&format=png&auto=webp&s=d36dae731e15fda1a0392e317eee53d8117f6fe8) + +Given new information that has come to light since I wrote the original DD. I do believe that this stage will begin after the SI% has dropped to near 100%. So at this point I think that SHFs or their Insurers(DTCC, FED, etc...) will have covered via institutions and other holders all but the remaining retail positions. This entire stage is defined by apes negotiating power as we should be able to choose the price from here on out. This is where the all that hodl'ing pays off. Furthermore the length of time we stay in these peaks should be defined by the retail ownership, the longer we hodl the longer it lasts. + +[Apes are the Porsche\/Government in the GME squeeze except we own more of the float and the SI is way, way higher...read this twice](https://preview.redd.it/mvqme7apca271.png?width=1004&format=png&auto=webp&s=2d56045090d485d6b0114c844ebf0bd495570be1) + +[ This is the first verifiable exit point at the apex of this wedge confirming a downtrend on the next candlestick. This is only the first of these patterns to play out. ](https://preview.redd.it/q828at2hba271.png?width=1694&format=png&auto=webp&s=1da50bb698c84cf8b6966642fb7dcfcd48723564) + +Several of these patterns should form as we remain in the peaks **BE VERY CAREFUL HERE** as selling all of a position at the first sign of a wedge forming can reduce potential profits. Why? Well because this wedge that formed above **could break up**. + +[ Notice how after Exit 1 the price broke upwards. This is why it is less profitable to exit an entire position all at once. It's much more beneficial to slowly back out of a position at several points so as to maximize profit. ](https://preview.redd.it/3ky8899uba271.png?width=1391&format=png&auto=webp&s=52c14c867b8897fc35fed8d1fe09263ad22b67da) + +As this pattern continues eventually we will see larger and larger price decreases as each wedge breaks down and shorts are covered. This action will mark the beginning of the next phase. + +**PART C: CORRECTION** + +&#x200B; + +[This stage will be easily verifiable as massive decreases in price will occur between halts very similar to the Margin Call stage but in reverse this is the last opportunity to exit remaining positions at high amounts. ](https://preview.redd.it/dkvu5n4rda271.png?width=735&format=png&auto=webp&s=1c80448e1f69c5d8f68aa4352ded83f17418113a) + +As the larger and larger price drops pick up steam, there will be more halts. Once these large sell offs are confirmed this is the point at which you hope all your positions are closed (I will be holding 10% forever so the x and xx apes can maximize returns, and morbid curiosity). We are returning to earth so we can spend all the tendies we picked-up on that moon landing. The price will begin it's descent back to levels previously traded at and possibly lower. This could be the last dip-buy in GME's history. If you are long GME as I am, this will present an opportunity to get back in on a company that I believe has a bright and profitable future. + +# Part II: Execution During High Volatility + +First I would like to address the issues that can arise during a squeeze, some of these may have a greater effect on retail investors. + +* **Delays** \- volatile markets are generally associated with high volume an this can cause delays in execution. As online traders expect to sell at near the price listed on the screen, remember this isn't always the case. +* **System Issues** \- Everyone is familiar with this, as many online investors had issues in January. Sometimes the system is overloaded. Investors may have difficulty accessing their accounts as traffic ramps up. **Remember that if you experience these issues many brokers offer alternatives such as phone trades or live brokers to help facilitate order execution. I urge people to investigate your brokers options now, to best prepare for this.** +* **Incorrect Quotes** \- Even the best real-time quoting systems fall prey to this. I like to think of it as lag in video game. The size of the quote (#of shares at a certain price) can change rapidly, affecting the likelihood of quote availability. +* **Algorithms** \- Algorithmic trading can actually exacerbate volatility. There is a nice article on it here for [further reading](https://www.ft.com/content/fdc1c064-1142-11e9-a581-4ff78404524e). + +So, how do we navigate this? + +I don't think there is a perfect answer. + +If any human could time and predict volatility perfectly they would be exceedingly wealthy, we wouldn't have automated almost all of the financial markets, and I wouldn't be having this conversation. + +Like most things, the answer lies in learning. + +I truly believe that the best way to understand something is to turn information into knowledge. When you have knowledge of a thing, it is harder to be surprised, as it will already tie into knowledge you have, giving you a basis for understanding. + +The system for this type of learning is called the [Feynman Learning Technique](https://fs.blog/2021/02/feynman-learning-technique/). I have attempted to use this in all my DD up till this point, and will continue to do so. + +The best way to address most of these tense questions is to give people knowledge and understanding. That way, when faced with the actual issue, they will be able to address it with confidence that comes only from understanding. + +So here are the order types and their pros and cons. + +* [Limit Order](https://www.investopedia.com/terms/l/limitorder.asp) **-** A limit order is an order to sell a security at a specified price or "**better"** +* [Market Order](https://www.investopedia.com/terms/m/marketorder.asp) \- An order to buy or sell stock at the "**best available**" price +* [Stop-Limit Order](https://www.investopedia.com/terms/s/stop-limitorder.asp) \- A conditional trade that combines features of a Limit Order with the **risk mitigation** of a stop-loss +* [Stop-Loss Order](https://www.investopedia.com/articles/stocks/09/use-stop-loss.asp#:~:text=) \- An order placed that converts to a "**market order**" when a set price is reached + +I suggest that everyone read these links this is important information to understand. Also [this one](https://www.investopedia.com/articles/active-trading/091813/which-order-use-stoploss-or-stoplimit-orders.asp). + +[ Pros and Cons of Each Order type. This does not reflect best use during MOASS. ](https://preview.redd.it/3veoviqcga271.png?width=2053&format=png&auto=webp&s=5106929f7a670a68180f5d7948b1c4e7192a6404) + +This is simply to illuminate a confusing topic. Hoping that the knowledge of the order types will best prepare people for using them appropriately. + +As each one has their place. + +# Part III: Position Breakdown (New) + +How does one break down a position instead of exiting all at once. + +This is a question I get asked a lot and the answer is pretty straight forward. I think it applies to every position size whether your x or xxxx it's irrelevant. + +You want to maximize your number of available exits above your personal floor. + +*So here is an example an ape. The ape has 11 shares and a personal floor of $12M* + +[The best breakdown is highlighted as it creates the highest possible number of exit points, This same strategy applies no matter the size of your position. You can break it down by whole numbers percentages whatever you want. ](https://preview.redd.it/39hm8d6koa271.png?width=2056&format=png&auto=webp&s=2e20f5e9ec3235c654c0b738328ef02e098e12dd) + +Everyone should practice breaking down their own positions. Take some time to figure out how to break down your own position most effectively. + +My breakdown is: + +5% - 10% - 15% - 15% - 20% - 15% -10% + +and then holding 10% forever + +# Part IV: Conclusion + +I hope this helps everyone get all the information I've put out in one place. If I add any addition exit information it will be posted here as well and I will keep this post pinned to my Profile until after MOASS. If you guys have any questions feel free to post below as always I will try to get to all of them. + +If you want to see more information on this subject matter feel free to join me in the : + +Daily Live charting on r/Superstonk from 9am - 4pm EST on trading days + +On [YouTube](https://www.youtube.com/c/PickleFinancial) Live Streams from 9am - 4pm on trading days + +Or over on the [Discord](https://discord.gg/jkVQM2xb) + +or for memes and other fun stuff on r/dillionaires + +As always thank you for the support + +🦍❤️ + +\- Gherkinit + +\* For those that only read the first paragraph. I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +&#x200B; + +As a value investor I am always in a conundrum about IPOs. While one of the tenets of value investing is to not buy anything without sufficient data. It is hard to ignore the hype going around and then you read about the gains on listing. So, decided to look at data over last 10 years. + +Disclaimer: I got a [report on Moneycontrol](https://www.moneycontrol.com/ipo/ipo-historic-table?classic=true), analysed purely from that, did not do separate analysis beyond Moneycontrol nor audit the numebrs they threw up. + +Of the 237 IPOs that happened in last 10 years (from 2010) , 144 have lost value, 37 have doubled in value, and 6 have been multi-baggers 5x - these were L&T Infotech, Muthoot Finance, Persistent, Thangamayil, Vascon Engineering, Infinite Comp. (Jubilant Foods might be there as well - seemed to be some issue with their data in the list). The likelihood that you would have picked one of these from reading the prospectus is serously low. + +Each of the Multi-baggers above you would have had enough opportunity to buy after IPO - let me pull up Muthoot finance - IPO was 175 in 2011, it went down to 76 by 2013 Aug, till 2016 May it was around the 200 range and only after that did it start going up, bulk of the movement in last 2 years, a good 7-8 years post IPO. + +So, in summary, I think I will continue to leave IPOs well alone and wait to see sufficient data before buying. Good to affirm this for myself with the numbers. + +BTW, Mrs. Bectors is trading at a 25% discount if anyone is lamenting missing that IPO. :-) +Look at the price chart for Walmart, Costco and Kroger, then compare them to the price chart of Tesco, Sainsbury's and Morrisons. + +One can't help but notice the extreme difference in how the stock has performed. The 3 US supermarkets price has been climbing nonstop basically for the last decade. The UK counterparts on the other hand have been stagnant as hell for the last decade, trading sideways or in some cases straight down (Sainsbury's), so why is this? + +Why can Walmart, Costco and Kroger' stock price continue to grow but our similar stores are dead as fuck? You can't use the population as as argument because that's relative, the UK population is growing too so if the price is somehow related to population growth then our stores should also be going up, but they're not. + +What is it that those 3 US stores do better that we don't? Its not like Tesco is doing amazing but Morrisons is doing poorly because of some reason... All three of them are doing terribly, equally (OK Sainsbury's is a bit worse). + +And the reason I used those 3 is because those are our only publicly listed supermarkets, if you exclude spin offs like Marks and Spencer which is doing terrible as well by the way. + +This is a serious post, I want to know what our supermarkets are doing so wrong and what US supermarkets are doing so right. +#Just a reminder, invitations will expire 15 minutes after they are sent. Please accept them ASAP. + +If you miss your invite, you will eventually be reinvited, but it may take some time. + +You can increase your chances of being invited sooner by being active on r/wallstreetbets and remaining subscribed. + +--- + +#UPDATE, APR 2ND - MODS ARE STILL BEING ADDED + +#UPDATE, APR 3RD - MODS ARE STILL BEING ADDED + +#UPDATE, APR 4TH - MODS ARE STILL BEING ADDED + +#UPDATE, APR 5TH - MODS ARE STILL BEING ADDED + +#UPDATE, APR 6TH - MODS ARE STILL BEING ADDED + +#UPDATE, APR 7TH - MODS ARE STILL BEING ADDED + +#UPDATE, APR 8TH - MODS ARE STILL BEING ADDED + +--- + +Make sure you comment and upvote because... + +If we reach 5,000 comments, everyone gets some mod privileges. + +At 7:04PM we reached #1 on r/all!! Everyone gets full permissions!! HAVOK IS ON THE WAY + +Stretch goal: + +#80,000 COMMENTS + +Thread will be locked at 23:59 PM Apr. 2nd, so make sure to comment before then! + +# THE MODDENING 2019 + +**EDIT** + +You have 15 minutes to accept the invitation or it will be rescinded, as there can be a maximum of 25 pending invites at any one time. + +**EDIT 2** + +We have hit the rate limit! https://i.imgur.com/b2gBgcL.png + +The moderator invites will resume in 1 hour! + +Again, **everyone who comments below will be modded eventually** + +**EDIT 3** + +Currently #400 on r/all... + +#UPVOTE IF YOU WANT TO SEE THE WORLD BURN + +**EDIT 4** + +\#250 now... the modpocalypse is nigh... + +If we hit #1 on r/all, we continue adding moderators as fast as we can (considering the ratelimit). + +Once everyone has been added as a moderator, we will shut down the subreddit and give everyone full permissions. The subreddit will then open to the public on the following business day at 9:00am + +**EDIT 5** + +5,000 comments! -- All mods will be given mail privileges, use it wisely! + +**EDIT 6** + +Fun fact, reddit tab notifications only go up to 9K + +https://i.imgur.com/b9TRGx6.png + +https://imgur.com/a/EquFIsP + + +**EDIT 7** + +(updated) + +moderator reports: + +Bacchus_IRL: OP is the kind of faggot to secretly just have vanguard funds and no options + +user reports: + +104: This is spam + +66: MMMFFFPPHHHMMMMM THESE CRAYONS ARE DELICIOUS + +39: It's involuntary pornography and i appear in it + +35: Fake, Fabricated, Phony, Con, Fraudulent. + +32: <no reason> + +27: Political Bullshit + +19: No Bullshitting + +18: It's a transaction for prohibited goods or services + +16: It's sexual or suggestive content involving minors + +9: It's rude, vulgar or offensive + +8: Glorifying Losses + +8: Bad Robinhood Screenshot + +5: It's targeted harassment at someone else + +5: Generic meme detected + +5: It's involuntary pornography and i do not appear in it + +5: It's targeted harassment at me + +3: Spam + +3: It's personal and confidential information + +3: Personal and confidential information + +3: Don't Glorify Losses + +**EDIT 8** + +This thread was made in conjunction with, and is endorsed by, r/teenagers +* manufacturing grew 1.6% +* public expenditure contracted 1.5% +* Contact services, including trade, hotel, communications shrunk 7.7% +* construction grew 6.2% +* The overall number is lower than most projections + +One source: [https://www.moneycontrol.com/news/business/india-gdp-data-live-updates-6578641.html](https://www.moneycontrol.com/news/business/india-gdp-data-live-updates-6578641.html) + +Edit: Adding this request. Please keep politics out of this discussion, and in fact out of this sub. I posted this thread as 'news'. +I just purchased a house. Me my brother and girlfriend are renting currently and are about to move. We split the rent evenly 3 ways. He thinks it’s unfair for me to charge him 575 for rent at the new place (which is cheaper then he pays now). He says that I own the new house so he shouldn’t have to pay much at all. I don’t understand his logic ? I told him if that’s the case, I should charge him more because I have the liability of repairs etc. + +Anyways I’m just trying to be open minded to see if I am being fair. I really can’t view the situation from his perspective. + +If not allowed in sub delete. + +Edit - for the people saying I am greedy for charging him. I would not charge him if he couldn’t afford it. He has 4 Vehicles and a boat. He could have purchased a home himself with the money he had, but his priorities are on toys. +*Edit (Disclaimer#2): I think I need to clarify this: I don't think Ripple is a good investment right now and even though I thank you for all the support this post has gathered, I would like you not to take this post as a sign to invest in XRP. In my honest opinion the demand right now is mainly FOMO-driven and far exceeds XRP's fundamentals. It will come crashing down at some point in next few weeks and I hope you're out when it does.* + +*Disclaimer: I honestly think Ethereum right now is the most promising of cryptocurrencies and I'm 100% ETH. The fact that I have to state this in order not to piss a lot of you guys off is worrying though.* + +This has gotten worse since the recent bull run from $10 to $90. It's almost like /r/bitcoin in here now. + +Every third or so post in the daily discussion right now is about what people think about some other crypto. + +**And that's ok.** + +/r/ethtrader is not supposed to be for Ethereum fanboys. It's supposed to be about crypto trading and investment, with Ether at its core. + +I'd much rather hear about what other cryptos are doing compared to ETH than the 1000th chart screencap with badly drawn triangles on top. Every "I predict ETH at $1000 in a year." gets more upvotes than a "What's going on with XRP?". + +Stop the hate. Stop calling every other coin a scam, premined, a shitcoin, a pump, etc. + +If you have actual reason to dislike a coin then please state it. If you think ETH right now is a better investment then say why you do. Try to find both positive and negative arguments for other cryptos so people can decide for themselves. + +**But stop with this stupid fucking emotional crypto patriotism.** You can believe in one thing and invest in another. Stop acting like you need to defend ETH at all costs and talk down every other coin to save your life. + +We'd all prefer if ETH was the only worthwhile investment. It would be simple. It would allow for faithfulness, stability, emotional investment (which *is* fun to be honest), and ultra high gains. But truth is, you would probably make more money by diversifying. People have made money by investing in Bitcoin, Litecoin, XRP, Stellar, whatever. Some believe those do have some fundamentals, some are just in for the pump & dump. Both positions deserve acknowledgement. If they followed the advice in the daily they'd all be stuck in Ether for eternity (which currently looks good to be honest, but still...). + +**My appeal to you:** + +If you see someone asking about or spreading unbiased information about another coin, upvote them, because this is a trading subreddit and I personally would like to hear about what else is out there from an unbiased source. + +If you see someone answering such a request in a heavily opinionated and one-sided way with unsourced "facts" about the coin (e.g. "99% of this shitcoin is premined anyway."), downvote them. They add nothing to the discussion and are simply butthurt that someone would consider a different crypto than Ethereum. + +tl;dr: Don't be a maximalist. Don't get married to technology. Invest and trade for gains, not emotions. Let others do the same. +Hi, I'm an okay investor, I've made some money, and I have eaten sh*t as well, I currently have 3 ETF's in my portfolio: +QYLD +EWJV +POTX +Would this be a good start? +I have $200 left over from my stimmy that I put in my brokerage account, should diversify, or just add to my current ETF's? I'm not the smartest person (I did buy GME), but I'd like to become better, and be able to build income from this. Sorry if this seems like a stupid post, but screw it, any input would help, Thank you! +23 with a stable job, 42,000/yr with 1 yr of emergency savings and the same amount in Roth IRA, 401k, and stocks. + +My roomate is moving and I am looking at signing a lease spending more to live in a 1br by myself. Decent 1br in the area start at around 1,100/mo which would be roughly 30% of my income with other utilities, bills, food, etc taking the other 20%. Thoughts on following the 50-30-20 rule, or how much should I prioritize savings over living comfortably? +Can we make this a place where we can share all the beautiful changes we are making in this world when we become rich? + +I know I will be doing so much to help others in need and I'd love to post it here not for Karma farming but to inspire others to help this world with their new found riches. We must be the force for good! + +This is just an opinion but if you don't give back to the world when this is all over, you're no better than the hedgies. + +A wise man once told me that if you have the means to help someone and you don't, it says a lot about your character. + +I love all y'all, stay blessed and don't forget where you came from. + +EDIT: Seeing all the positive feedback and the awards makes me see that we are going to change the world for the better! Also I can't spell shill because I eat crayons. +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)