diff --git "a/reddit_finance_43_250k_51.txt" "b/reddit_finance_43_250k_51.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_51.txt" @@ -0,0 +1,10000 @@ + +https://www.vox.com/policy-and-politics/2019/1/24/18196275/elizabeth-warren-wealth-tax + +If we really want to get crazy, let's ratchet up the rates but keep the brackets - 4% on fortunes over $50 m and 6% over $1b. (If your analysis depends on a different scenario, that's fine) +Hаkunаmаtаtа finаnсе hаs just rеlеаsеd аnd hаs аlrеаdу brоkеn numеrоus milеstоnеs. Тhе соin wаs lаunсhеd 6 hоurs аgо, аnd hаs аlrеаdу surpаssеd 6000 hоldеrs аnd а 3 milliоn dоllаr mаrkеt саp. + +Тhе gоаl оf thе соin оf this соin is tо сrеаtе а NFТ Аrts аnd Musiс mаrkеt plасе whеrе аrtists саn bе rеwаrdеd fоr thеir wоrk, аs-wеll аs dоnаtе а pеrсеntаgе оf thеir еаrning tо а сhаritу оf thеir сhоiсе. Тhе dеvеlоpmеnt tеаm will аlsо bе dоing bi-wееklу dоnаtiоns tо сhаritiеs thаt thе соmmunitу dесidеs оn. + +Тhе tеаm fосusеs оn соmplеtе trаnspаrеnсу, аnd this is еxеmplifiеd thrоugh thеir vidео АMА whеrе thеу wеrе dоxеd. Тhе соntrасts оwnеrship is соmplеxlу rеnоunсеd with liquiditу bеing lосkеd fоr 5 уеаrs. Тhе tеаm plаns tо hаvе multiplе аudits dоnе in thе соming dауs. + +Тhе tоkеn is trulу dеflаtiоnаrу аnd prоvidеs hоldеrs with pаssivе rеwаrds with 13%. 1% is dоnаtеd tо сhаritу аllоwing buуеrs tо соntributе tо mаking thе wоrld а bеttеr plасе. + +Тоkеnоmiсs: +6% is rеdistributеd, 7% is burnt, 3% gоеs intо liquiditу, 1% сhаritу, 1% mаrkеting + +Rоаdmаp +· Q2: СG, СMС, аnd Blосkfоliо listings. Еxсhаngе listings аnd аudit соmplеtiоn. +· Q3: Соnсеptuаlizing NFТ сhаritу lаunсh pаd. Аppliсаtiоn fоr multiplе аudits. Lаunсh оf prоmоtiоnаl trаdеmаrkеd mаsсоt. +· Q4: Lаunсh оf thе NFТ mаrkеtplасе. + + + +Тоtаl supplу: 1,000,000,000,000 +Сurrеnt supplу: 946,000,000,000 + +Links +Wеbsitе: hаkunаmаtаtа.finаnсе + (https://hаkunаmаtаtа.finаnсе/) +Теlеgrаm: t.mе/tаtаtоkеn +(https://t.mе/tаtаtоkеn) +Here we go - I'll keep it short. We're all busy people losing money, I respect that. + +https://preview.redd.it/2zl33b617f071.jpg?width=1851&format=pjpg&auto=webp&s=ec70c84d11ad1a7741e9c1ae7447ba9763f5e08e + +So the market was dropping and my investments weren't exactly...doing well. At one point in the last month, I was down 140k on paper. Luckily things have come back up somewhat - [https://imgur.com/a/o0XF2hR](https://imgur.com/a/o0XF2hR) + +I decided to make a bet, if LKE drops below 25 cents I'd take a weeks ban thanks to u/username-taken82 and drive up the demand for lithium myself, by purchasing a Tesla. I set my LKE stop loss at 25 cents and didn't think it would hit, the price was 30 cents at the time and it had been holding 32 for quite a while. + +[The bet.](https://www.reddit.com/r/ASX_Bets/comments/n6ruxh/spam_shooeys_and_the_rise_of_the_yowie_bet_bans/gxa7gpw/?utm_source=share&utm_medium=web2x&context=3) + +Of course, the stop loss triggered and good to my word, I got a Tesla. + +As a secondary bonus, I managed to buy back in at 21 cents and as of speaking, it's up to 27 cents now. Always buy the dip yeah? [https://imgur.com/TiKHmZy](https://imgur.com/TiKHmZy) + +The funds I used from the inital sale I also used to buy another 100,000 shares of DW8 at 9 cents. Laughing. This is the most reckless thing I've done in a while and yes, I'll enjoy the weeks ban. Hopefully when DW8 takes over the alcohol logistics industry world wide and LKE gets an off-take, I can finally say it was all worth it. + +Edit - If you're wondering what garbage I've made the most on here you go. [https://imgur.com/GSWbg0b](https://imgur.com/GSWbg0b) + +Out of those companies, DW8, and LKE are probably my most promising and the ones I've done the most DD on. NVX is of unknown quantity seeing as their work is largely under MNDA - they're always a good one to hold on to as their announcements are profound and unexpected. DOU.....I don't recommend anyone trade that - I was just having fun doing day trader things. +After a lot of grinding and sacrifices i’m now on a comfortable path to FatFIRE. I can finally see the end of the tunnel, it’s just a matter of time. With my monetary goals mostly secured, I’ve been thinking about other goals: spiritual, family, health, etc. + +I was reading a recent post from a FIRE blogger saying that he wished he had had kids earlier so he could have had more. I also had a chat with a friend who said that he wished he had behaved more honourably in some of his business dealings. It would have only added a couple more years to his FIRE date, but he would have been able to hold his head high in certain social circles where he is ostracized now. + +What are some other lessons you guys have learned? +I’m pretty sure the answer is yes, but I am trying to understand her position and if she is royalty taking advantage of me or not. + +We separated in September 2020 and I moved out. We joint owned a house. +I’ve been paying to full mortgage since. +She refused to sell the house so I was forced to take out a new mortgage and continue paying it or lose my credit rating. +She also took me through child maintenance. + +I pay each month: +- £697 mortgage +- £629 child maintenance + +She is working 24hours a week on about minimum wage. +She is claiming universal credit, of how much I am unsure. + +She pays for our youngest to go to nursery, 2/3 days a week. + +She is often telling me how she is broke, struggling and in debt, but when I do some rough maths, she seems to have a lot more free cash than I’m left with. + +I can’t even afford to rent with my current outgoings, I am living with my parents. I’m 38. + +I am in the process of applying to court for an order of sale for our joint owned house. +There’s about £110k equity in it. +She says she doesn’t want to live there but she just kicks the can down the road and makes no effort to discuss selling it and I fear I’ll be forced to renew another mortgage. + +What are your thoughts? Obviously there are two kids in the middle of this who must come first. + +She will need to prove why she can’t sell the house and find somewhere to live with £55k in her bank. Oh, having that much cash will also put her over the threshold for claiming universal credit. + +Thoughts? + +Thanks + +Edit, to add some additional information mentioned in comments: +My ex and I were not married. +My salary is £73k package: +After student loan, pension (10%), salary sacrifice (medical for me and the kids) take home is £3452 +Notable expenses are: +- Mortgage for ex and kids: £697 +- Child maintenance: £629 +- Car loan: £300 +- Credit card: £400 (largely renovation costs from property we bought, new central heating, windows, etc) +- Fuel, car tax, life ins, phone etc £150 +- Gestural rent to parents: £150 +That leaves me with around £1120 +There is no way that will get me a 2 bed to rent around where I live (Somerset) and have money for bills and food. + +I have the kids every other weekend and each Thursday afternoon inbetween, however often have them for additional weekends. 80% of my work holiday I put towards have kids during half terms and holidays. + +Kids are 3 and 5 (just) one in school, the other in nursery 2/3 days. +EDIT: apparently this wasn't clear, so I'm putting it at the top -- I'm intending to create a trust for my kids' education and personal development at least until age 30. I am not talking about making them eat cat food and taking the bus 3 hours to work at McDonald's. We are talking about whether they should inherit an 8-figure sum at age 30 or 35. + +&#x200B; + +There have been a lot of posts here about how to handle passing possible millions down to your kids. I think my partner and I have a reasonable and compatible idea of how we will raise our daughter to be financially responsible, but since I'm doing my will I'm struggling a lot with what to do should we both suddenly die or become incapacitated. + +&#x200B; + +I think there is some consensus on not giving your kids direct access to money before age 25. But even at age 25, 30, 35, or even 40, I wonder if $10MM falling out of the sky and landing on someone's head is a good thing. The thing is that I'm confident that if I'm alive, I can teach my kid good financial values, but if she grows up with two dead parents, do I feel confident she will end up with those values? + +&#x200B; + +I don't want my kid to struggle badly, I want her to get whatever education she wants and the money to pursue whatever personal goals she has, but should she really get 8-figures at any point in her life? + +&#x200B; + +On the other hand, if she turns 35, finds out her old man was once worth $10MM way back in 2020 but she only got like 500k of it (even though all her schooling, activities, personal development etc were taken care of), does that screw her up too? + +&#x200B; + +Btw, my kid is 3, so we're not exactly at the "teach her the value of a dollar" stage right now. + +&#x200B; + +What are you guys doing, leaving a reasonable amount, or leaving the whole fat stash behind? +I was originally promoted within my company to create a new department about 1.5 years ago. I’ve since worked my ass off and spent the last year doing managerial level work for non-managerial pay ($47k). + +I initially accepted this offer as it was in line with my experience at the time but I’ve now shown that my capabilities go far beyond what was originally expected of me. My market value is between $60-75k based on the title I *should* have. + +My boss agreed with this and requested a large pay bump prior to my review. He was denied and told I’d receive the standard 2.5% that everyone else got and could renegotiate in 6 months. + +The problem with this is that I was told the same thing the last time I requested a raise and it was never followed up. + +I’ve set up a meeting to ask what specific goals and milestones are in place for this 6 month period. + +Are they saying to renegotiate in 6 months because raises were already budgeted for review time, or are they just trying to pay me as little as possible. + +Worth noting that I love my job - I self manage with hardly any supervision as I chat with my boss every Friday about what’s going on. Should I just leave now or wait until I discuss why my salary adjustment was denied with the CEO? + +Edit: I don’t plan to quit without receiving an offer from another company - just asking if it’s worth negotiating with my current employer or if I should just take more money somewhere else. + +Edit 2: Holy hell I only expected to get 5-10 responses. Thanks everyone for the help! + +Current plan is to discuss why this happened and to also shop around for other jobs. Probably won’t use an offer as leverage although I’ve seen others here do so successfully. Cheers, all. +I have a ton of collections from past mistakes in college. (I’ve been independent and paying for everything since I was 17 but never had financial literacy. I made not so great decisions and ended up struggling and thus the charge offs) + +Income: 90k +Collections: ~9000 between 6 accounts +401k: ~8k +Savings- 0 +Rent/ utilities: ~ $2100 monthly (split between me and my partner) +Car- 288 monthly +Student loan debt: ~50k + +I feel like no matter how much I make I’ll still be drowning. I’m exhausted just thinking about student loan debt while trying to save for a rainy day. At 28 I can’t even afford to save up for a house. I’ve just avoided my financial situation forever. +Good Afternoon Apes, + +&#x200B; + +Okay, so we know that overall the Russell 1k transition ended up being a net selling event for the ETFs holding $GME. In total the transition saw a total of 2,629,434 shares of $GME be released into the free float (Which could've been gobbled up by retail or other institutions). The one outstanding factor we did not know the day after the re-balance was Vanguard. They only release their ETF holdings on a monthly basis on the 15th of the month. So I calculated the total $GME in all their funds and found that while Blackrock was a net-seller during the Russell re-balance, Vanguard was in fact a buyer. Specifically they loaded up 366,000 shares of $GME mostly in their mid-cap ETFs. This makes me bullish! (As if I wasn't already). If you know the history of Vanguard and RC we know that Vanguard was a long term believer of RC and was and is still holding a significant position in Chewy. I think it's very important to know what institutions are on the long side of $GME. [Original Data Set](https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing) + +&#x200B; + +https://preview.redd.it/bgoyhqmw9fb71.png?width=486&format=png&auto=webp&s=11b6e2593d013cfa8e579af9d595b2eb9aacfc77 + +&#x200B; + +TLDR: Tits are jacked! Vanguard has been slowly increasing the size of their position in $GME! +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. +With the current situation I'm afraid we're going to start seeing a ton of small (and large) businesses go bankrupt, unable to afford payroll and rent. Especially the ones who are "supporting their employees" by keeping them on payroll without any revenue coming in. When restaurants go bankrupt, banks lose. When airlines go bankrupt, banks lose. When all those employees from those bankrupt companies can't pay their mortgage or credit card, banks lose. + +IMO banks should be positioning themselves the best way possible to ride out this economic shitstorm that has barely even started yet. A credit crunch is coming and what are banks doing? Offering payment holidays, and making ppl feel "less stressed" when they lose their job. It's a good PR move but is not preparing them for the unprecedented credit losses that are only a few weeks away. +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 +$8M Market Cap with a lot of potential - +Saturna is a frictionless yield community token that plans to not aim only for one moon, but all of Saturn's 82. Saturna's tokenomics allow investors to earn simply by holding the coin, with each transaction funding the marketing wallet which will be used for advertisements, influencers, and exchange listings. +In one day Saturna managed to reach 5000 holders, which is crazy and an unseen growth even on BSC. + +Nowadays in a sea of shitcoins it’s hard to find moonshots. Saturna has an audit, listings and major influencer campaigns coming. At this point 10000 holders is basically inevitable. + +This all comes with a $8M Market Cap, it’s needless to say the potential is absolutely mind-blowing. + +✅Website:[https://saturna.co/](https://saturna.co/) + +✅Twitter: [https://twitter.com/SaturnaToken](https://twitter.com/SaturnaToken) + +✅Telegram: [https://t.me/saturna_TG](https://t.me/saturna_TG) + +✅Discord: [https://discord.gg/9e6jrPbB](https://discord.gg/9e6jrPbB) + +✅LP Tokens Burned: [bscscan](https://bscscan.com/tx/0x2e87f434cbab0d41a8bd8b5cadb139f610319c05554fde4ba868700b172778ef) + +✅Ownership Renounced: [bscscan](https://bscscan.com/tx/0x5e0a20253e3a0f270997b015b81866ecd83d9a59aaf4acdb2317a3e913d8d9de) +US Specific Rant: I completely wiped out my student loans and car note this month. I worked so fucking hard to make it happen, it took so much time and dedication, and how do the credit bureaus recognize this hard work? Tanking my score over 30 points! + +&#x200B; + +In a system that thrives on people being chained to debt their whole life, I'm not sure why I'm so shocked and disgusted. But I'm both. Fuck the American debt system. +Terrible index to invest in. I use to look at companies to invest it but just don't bother anymore. I have AZN and Unilever, and even those aren't great. +Is there any catch to these? I found a lot in particular for sale on eBay that I could buy just for fun. They are $300-400 and claim the property tax is just dollars a year. + +I’m a newbie to buying any kind of property. I’m in college. +**An overview of the deplorable Mr. Ken Griffin** + +&#x200B; + +My fellow apes, + +I believe it was Sun Tzu who said "If you know the enemy and know yourself, you need not fear the result of a hundred battles." That is what we face every trading day, as the saga of GME continues. + +I am keen to inform you further about the antagonist of this story (though I'm sure as a likely narcissistic psychopath he doesn't see it that way). I am talking about **Mr. Kenneth Cordele Griffin**, founder, chief executive officer, Co-chief investment officer, and 85% owner of Citadel LLC - a man estimated to have horded a wealth of **$22.4 billion**. + +In case you are unaware, Citadel LLC are thought to be the primary short-sellers in the GME debacle, where they predatorially gave loans to Gabe Plotkin's company to prevent margin calls at the GME peak in late January of this year. Their relentless pursuit of profit has landed them in rather hot water this time, as I personally don't believe they ever wanted the public to be aware of their practices, nor they unbelievable amount of money they made at the cost of American jobs, businesses and livelihoods. + +Given Mr. Griffin is both CEO and 85% owner of Citadel, I think it is only fair to say he guides the operations of his business, and the operations are therefore reflective of his values. If you agree, it is therefore fair to attribute praise/blame (99% the latter) to the man who oversees all in this company. + +So, please join me in reviewing Mr. Griffin as a man, in both his personal and business affairs. In doing this research, I have personally been sickened by what sort of a man has risen to the top of the US pyramid, but I will leave it for your deliberation - enjoy: + +&#x200B; + +**Personal life** + +Bought the most expensive home in the US ever ($238m penthouse in NY), money that could have been used to help millions of others out of poverty, or maybe pay for almost 1000 $250,000 homes for those affected by the 2008 crash: + +[https://www.businessinsider.com/ken-griffin-most-expensive-home-ever-sold-us-nyc-penthouse-2019-1?r=US&IR=T](https://www.businessinsider.com/ken-griffin-most-expensive-home-ever-sold-us-nyc-penthouse-2019-1?r=US&IR=T) + +&#x200B; + +Oh wait, more multimillion dollar houses because of course you need those: + +[https://www.businessinsider.com/ken-griffin-real-estate-nyc-apartment-record-chicago-london-miami-2019-1?r=US&IR=T](https://www.businessinsider.com/ken-griffin-real-estate-nyc-apartment-record-chicago-london-miami-2019-1?r=US&IR=T) + +&#x200B; + +Owns $800m+ in art, instead of giving it to charity or allowing it to circulate through the economy: + +[https://news.artnet.com/art-world/art-industry-news-june-4-2020-1878852](https://news.artnet.com/art-world/art-industry-news-june-4-2020-1878852) + +&#x200B; + +Griffin owns **two** private jets: a 2001 [Bombardier Global Express](https://en.wikipedia.org/wiki/Bombardier_Global_Express) valued at $9.5 million, and a $50 million 2012 Bombardier Global 6000, so he hates the environment too: + +[https://www.cnbc.com/2020/03/06/photos-how-citadel-billionaire-ken-griffin-spends-his-fortune.html](https://www.cnbc.com/2020/03/06/photos-how-citadel-billionaire-ken-griffin-spends-his-fortune.html) + +&#x200B; + +He HATES being taxed, because having a fair amount of money would be unfair apparently: + +[https://www.forbes.com/sites/giacomotognini/2020/11/05/battle-of-the-billionaires-failed-illinois-income-tax-initiative-drew-more-than-110-million-from-governor-jb-pritzker-and-citadels-ken-griffin/?sh=6046e7302da4](https://www.forbes.com/sites/giacomotognini/2020/11/05/battle-of-the-billionaires-failed-illinois-income-tax-initiative-drew-more-than-110-million-from-governor-jb-pritzker-and-citadels-ken-griffin/?sh=6046e7302da4) + +&#x200B; + +He believes that people should be able to make unlimited contributions to politicians, but that these contributions should be public (P.S. USA wake up - this 'lobbying' disproportionately ensures rich people can trample you further) + +[https://money.cnn.com/2015/02/26/news/ken-griffin-political-contributions/](https://money.cnn.com/2015/02/26/news/ken-griffin-political-contributions/) + +&#x200B; + +Allegedly forced his second wife to sign prenuptial agreement from which he benefitted financially: + +[https://www.telegraph.co.uk/news/worldnews/northamerica/usa/11075726/US-billionaires-wife-claims-she-was-forced-into-prenuptial-before-Versailles-wedding.html](https://www.telegraph.co.uk/news/worldnews/northamerica/usa/11075726/US-billionaires-wife-claims-she-was-forced-into-prenuptial-before-Versailles-wedding.html) + +&#x200B; + +Refused to pay alimony, and threatened to sue ex-wife into the ground: + +[https://dealbreaker.com/2015/01/chicago-billionaire-sounds-like-a-real-treat](https://dealbreaker.com/2015/01/chicago-billionaire-sounds-like-a-real-treat) + +&#x200B; + +Oh, and he's got a real temper like all well-adjusted folks: + +[https://dealbreaker.com/2015/08/hedge-fund-manager-known-for-inspiring-spine-tingling-terror-in-people-hopes-to-lighten-things-up-with-haunted-house-come-october](https://dealbreaker.com/2015/08/hedge-fund-manager-known-for-inspiring-spine-tingling-terror-in-people-hopes-to-lighten-things-up-with-haunted-house-come-october) + +[https://qz.com/1969532/how-ken-griffins-citadel-transformed-financial-markets/](https://qz.com/1969532/how-ken-griffins-citadel-transformed-financial-markets/) + +[https://dealbook.nytimes.com/2011/08/11/citadel-chief-gives-up-dream-for-investment-bank/#](https://dealbook.nytimes.com/2011/08/11/citadel-chief-gives-up-dream-for-investment-bank/) + +&#x200B; + +He even smashed up furniture when his wife threatened to break up with him (she made a good choice): + +[https://www.standard.co.uk/news/world/the-breakup-that-has-gripped-america-billionaire-smashed-up-furniture-when-wifetobe-queried-prenup-9711096.html](https://www.standard.co.uk/news/world/the-breakup-that-has-gripped-america-billionaire-smashed-up-furniture-when-wifetobe-queried-prenup-9711096.html) + +&#x200B; + +He doesn't do philanthropy because he is a good person; he does them for tax write-offs so jot that one down: + +[https://www.miamiherald.com/news/business/article249945144.html](https://www.miamiherald.com/news/business/article249945144.html) + +&#x200B; + +&#x200B; + +**Business** + +From the start, he's far more likely to be a psychopath, and all of my reading has supported this (he is horrific to work for and as a person): + +[https://www.institutionalinvestor.com/article/b1ghpmmp796w07/Sports-Cars-Psychopaths-and-Testosterone-Inside-the-New-Frontier-of-Fund-Manager-Research](https://www.institutionalinvestor.com/article/b1ghpmmp796w07/Sports-Cars-Psychopaths-and-Testosterone-Inside-the-New-Frontier-of-Fund-Manager-Research) + +&#x200B; + +He doesn't do empathy: + +[https://www.efinancialcareers.co.uk/news/2021/04/ken-griffin-citadel](https://www.efinancialcareers.co.uk/news/2021/04/ken-griffin-citadel) + +&#x200B; + +A prideful man, who bragged in 2015 that Citadel "[manufactures money](https://www.wsj.com/articles/citadels-ken-griffin-leaves-2008-tumble-far-behind-1438655887) like an automaker manufactures cars" + +[https://www.ft.com/content/25e6100d-4cdd-45d0-aaab-6f9b77b14257](https://www.ft.com/content/25e6100d-4cdd-45d0-aaab-6f9b77b14257) + +&#x200B; + +He's living his best life pretending he's the 'Navy SEALS' of Finance (grandiose and delusional): + +[Ken Griffin on Forging the Navy SEALs of the Industry](https://www.youtube.com/watch?v=0tW8Gk4cre8) + +&#x200B; + +Suspicious location of subsidiary company Palafox in the Cayman Islands (coincidentally a tax haven hmm). They are also prepared to collapse the world economy and indirectly kill thousands to make a quick buck: + +[https://www.reddit.com/r/GME/comments/mgucv2/the\_everything\_short/](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +&#x200B; + +Like a typical hedge fund/investment bank, Citadel doesn't give a s\*\*t about your work/life balance with 80+ hour workweeks: + +[https://www.glassdoor.sg/Reviews/Citadel-no-work-life-Reviews-EI\_IE14937.0,7\_KH8,20.htm](https://www.glassdoor.sg/Reviews/Citadel-no-work-life-Reviews-EI_IE14937.0,7_KH8,20.htm) + +[https://www.theguardian.com/business/2021/mar/22/goldman-sachs-boss-responds-to-leaked-report-into-inhumane-working-hours](https://www.theguardian.com/business/2021/mar/22/goldman-sachs-boss-responds-to-leaked-report-into-inhumane-working-hours) + +&#x200B; + +On top of this, they treat employees terribly, hence the high turnover (ex-Citadel employees, make him pay using the second link): + +[https://www.reddit.com/r/GME/comments/meoqgw/citadel\_headed\_toward\_hiring\_freeze\_deep\_dive/](https://www.reddit.com/r/GME/comments/meoqgw/citadel_headed_toward_hiring_freeze_deep_dive/) + +[https://www.sec.gov/whistleblower](https://www.sec.gov/whistleblower) + +&#x200B; + +Tries to psych out his employees with long pauses and weird rituals because he's awful: + +[https://dealbreaker.com/2013/09/ken-griffin-strikes-fear-into-the-hearts-of-citadel-employees-](https://dealbreaker.com/2013/09/ken-griffin-strikes-fear-into-the-hearts-of-citadel-employees-with-long-pauses-strange-coffee-ritual)[with-long-pauses-strange-coffee-ritual](https://dealbreaker.com/2013/09/ken-griffin-strikes-fear-into-the-hearts-of-citadel-employees-with-long-pauses-strange-coffee-ritual) + +&#x200B; + +Wanted to be a whistle-blower/snitch, which was presumably done for a competitive advantage, not for altruism/respect of the law: + +[https://www.jdsupra.com/legalnews/citadel-a-24-billion-hedge-fund-seeks-65806/](https://www.jdsupra.com/legalnews/citadel-a-24-billion-hedge-fund-seeks-65806/) + +&#x200B; + +Citadel PROFITED on the 2008 crash: + +[https://wallstreetonparade.com/2016/04/citadels-ken-griffin-poster-child-for-americans-anger-in-this-election/](https://wallstreetonparade.com/2016/04/citadels-ken-griffin-poster-child-for-americans-anger-in-this-election/) + +&#x200B; + +Citadel accepts these fines as they aren't high enough to be a deterrent (no shame at all eh lads?): + +[https://www.reddit.com/r/GME/comments/m9dfcw/100\_million\_in\_fines\_from\_citadel/](https://www.reddit.com/r/GME/comments/m9dfcw/100_million_in_fines_from_citadel/) + +&#x200B; + +Just watch this, he doesn't blink and ABSOLUTELY believes everything he says: + +[https://www.youtube.com/watch?v=9cwf-JrrE9g](https://www.youtube.com/watch?v=9cwf-JrrE9g) + +&#x200B; + +**And this is just the stuff we know. I'm sure even worse occurs behind closed doors. KEN GRIFFIN HATES YOU.** + +Overall, Ken Griffin was likely hoping he would never be in the limelight, but here we are (BTW please share this far and wide so people know how much of a deplorable piece of s\*\*t scumbag he is). He is, both in business and pleasure, a disgusting, greedy, angry, cheating human being who deserves to be in jail without a cent to his name. GME is your last chance to even get close to punishing these people. The American system has ensured the ivory towers of smoke and mirrors are built, and the final bricks that will ensure invincibility lie here - KNOCK THE CITADEL DOWN AND USE THE BRICKS TO BUILD HOMES, SCHOOLS AND HOSPTIALS. + +*If anyone has any more additions/changes (there will be loads because he's truly detestable), please message me and I will edit.* + +Thank you for reading. Please GME to the moon, and hopefully Ken to jail 🚀🚀🚀 + +*Edited for readability* + +*Disclaimer: all of this information was available online. You'll have to sue them first before you sue me lol* +So I currently have 150k and I'm 24. Should I buy VDHG and get 3% compounded returns and just go to prison for a few decades and get food and activities paid for me while my money compounds, then come out and retire? + +I've been imagining this and it doesn't sound too bad. + +(VDHG is a joke lol, I'd allocate more to bonds since 10% bonds is too risky as per AusFinance advice) +I believe this is a weakness in our community; identifying with these sort of titles. We have already stated that post your actual positions is not ok here and still, we have seen posts reach the top that break this rule. + +I do not believe this is necessarily nefarious, maybe some people don’t understand the rules well, there’s a shitload of people here lol. However, it’s still not ok and I think, as a community, we should go further to stop the use of even the current digit system. + +I believe that the future of this subreddit relies on the same things it always has, be excellent to each other, ape not fight ape, buy, hodl, vote. + +The identification of x, xxx, etc, is a weakness for division in our community. Apes know that it doesn’t matter if you’re a x or an xxxxx hodler, ape is good ape. Ape is friend ape. A.P.E ALL PEOPLE EQUAL. + +There is no reason to continue to use this system as it is a way to divide us into groups by shills or others and pit us against each other. It doesn’t matter IN THE SLIGHTEST how much money each individual ape has in the stonk. While yes we haven’t been posting actual numbers, this digit system is still an easy target for a way to group apes up and divide apes. This is especially dangerous with everything we have seen going on in the market, banks, fed, and crypt0. + +It’s more important than ever now that things are getting exciting again that we understand how important anonymity is in this situation. The people we are against are super powerful, really really smart and have a lot of connections, they could potentially be dangerous. Protecting your identity and position should be top priority here on out. This is not a once in a life time situation. This is a one chance ever, ever situation. The less everyone knows about each other from this point on the better. + +I don’t care what other peoples positions are or what number could make who a millionaire/billionaire. This kind of thinking is really bad, more than ever as we see more possibilities of widespread site outages and even internet and cellular data slowdowns. We know the other side can literally control MSM. + +Again the digits of another apes position is stuff that shouldn’t concern you. Dismantling a worldwide system designed to give advantages to those already in powerful positions is for real what is happening. That’s what we’re all thinking about and it’s getting closer and closer. The people caught the higher ups of society being shitty and now they legit NEED to try and convince everyone that everything is ok. But it’s sooo not. + +Anyways, Apes know it’s all fucked. If we continue to identify with others who claim to be in our own “x tier” or whatever it, with out a doubt, will lead to posts dividing apes into how many share we have. Yeah sounds bad right? We + +So please, can we try and stop upvoting posts and comments that use their position in the stonk as a way to be credible? If they say they own shares, and they’re not selling, no more information is necessary. Not my personal floor, not yours, not theirs. Not when they bought, not how much they bought for, Ape always excellent to other Ape. + +And finally, I love each and every single fucking one of you. Seriously. + **Benefits of NFT tickets include:** + +&#x200B; + +* **Preventing scams and fake tickets**: The blockchain provides a single source of truth for both organisers and ticket holders. The transfer of NFTs from initial sale to any subsequent resale is recorded immutably on the blockchain, so all parties involved can easily verify the authenticity of the ticket. Even cooler, in cases where resale of tickets is strictly forbidden, NFTs can be programmed as non-transferrable, so they physically cannot be moved to another buyer. +* **Perpetual revenue:** As programmable digital assets NFTs can have built-in rules for resales, merchandise, content and royalty splits. This means that the organiser can determine profit sharing percentages for any future resales or downstream creative content on secondary markets, and reliably receive these funds knowing they are unalterable within the NFT’s coding. +* **New revenue opportunities:** NFTs put tickets into the realm of programmable money, opening up unlimited potential for new revenue opportunities. For example resale of NFT tickets as **collectables,** using NFT tickets as a gateway for giving food and drink deals, even rewarding super fans who have collected a certain number of event tickets. + +Over the past year the NFT tickets have gained more attention in the crypto space. I have compiled extensive list of developers, investors, financial instintutions, ticketing companies and NBA owners that have advocated the benefits of NFT ticketing + + **Mark Cuban – Entrepreneur, shark and owner of the Dallas Mavericks** + +&#x200B; + +https://preview.redd.it/mxtowrn4r7g81.png?width=632&format=png&auto=webp&s=b136df5f401c2b96e18ec2f730ed8be90dea1f01 + + **Gary Vaynerchuk - CEO of** **Vaynermedia**\*\*, Creator of veefriends\*\* + +&#x200B; + +https://preview.redd.it/racoxoa7r7g81.png?width=512&format=png&auto=webp&s=4ee1e8dacce4aa177bbd5e6acc8d28655a9b0324 + + **Jack Groetzinger – CEO Seatgeek** + +&#x200B; + +https://preview.redd.it/r6mrqrz9r7g81.png?width=359&format=png&auto=webp&s=543bcc908a9595bb1ef6b0b6833bbc6dc9e39c83 + + **Ted Leonsis – owner of NBA's Wizards, the NHL's Capitals, the WNBA's Washington Mystics** + +&#x200B; + +https://preview.redd.it/nqdc3s0dr7g81.png?width=944&format=png&auto=webp&s=46fdacbdeac0f0fdadf1d7bd6830464e947398e2 + + + +**Barry Ritholtz – co-founder of Ritholtz wealth mangement – 2 billions usd under management** + +&#x200B; + +https://preview.redd.it/1uni3sggr7g81.png?width=455&format=png&auto=webp&s=58315aa34030c765c62263b73d3f3c42e46bb86a + + **Coinmarketcap** + +&#x200B; + +https://preview.redd.it/xf645lvjr7g81.png?width=474&format=png&auto=webp&s=9302749976153bc70298effdbf755c363ee2afaa + + **Bankless** \- Carly Reilly + +&#x200B; + +https://preview.redd.it/echesa5nr7g81.png?width=368&format=png&auto=webp&s=c76733e2e6cbf65ff0111c1169b11684092f364f + + **Grayscale - Worlds largest crypto asset manager** + +&#x200B; + +https://preview.redd.it/cm2bja5sr7g81.png?width=945&format=png&auto=webp&s=6bb50d036090b6c5a289655e11ddf6e1ea76758e + +**Snoop Dogg** + +&#x200B; + +https://preview.redd.it/rmk8d86xt7g81.png?width=316&format=png&auto=webp&s=56140160d688037f9c2628ee1b8e116ed059f09f + +&#x200B; + + **Vitalik Buterin - co-founder Ethereum** + +&#x200B; + +https://preview.redd.it/4wp0jpcvr7g81.png?width=345&format=png&auto=webp&s=ebbf9385fc7040321fd62d505f9cd75261b30675 +Today I decided to buy my first stock in Zerodha Kite. Till now I've been investing only in MF. +So I just opened Kite, searched for IRCTC stock, and bought 2 qty with default options without doing any research. +The stock price was around 4800 when I clicked on Buy. So I assumed it would deduct around 9600 rupees for the purchase. But to my surprise only around 4400 inr were deducted. +So I tried finding out what happened and realised that the order I placed was in MIS catagory which is some intraday trading thing. So I immediately sold my 2 shares at around 4700 to avoid anymore confusion for me. + +So I went back to the same window in Zerodha to cross check. When I select MIS, the margin required is around 1000 rupees. But when I select CNC, it shows full stock price of around 4800 in margin required. + +My question: +Why is MIS cheaper by 5 times the actual stock price? +When I immediately sold my 2 shares in MIS at 4700, the loss was around 250 inr. How is this calculated? + +Thanks in advance and sorry if this is too confusing or doesn't belong here. I'm still trying to understand online the correct way to buy stocks on Zerodha. +I havent had a fully custom PC built in about a decade and while my old one was still functioning, decided back in May to splurge and get a PC and ended up down a rabbit hole and now I just took delivery of a monstrosity. + + +Not really sure what else to get for myself and thought y'all could help me come up with some ideas for myself and my S/O. + +So, FatFire what all are you getting yourselves for Christmas/Hanukkah/Kwanza and etc. +Having touted the oligopoly of the Canadian Banking Sector, another portfolio core idea could be made of the Telecon sector. Not as robust as the big 5 banks (due to the advent of Starlink), but the tight grip of the Big 4 Telecoms on the Canadian consumer looks to be unshakeable, at least for the time-being. + +Catalyst - [‘In the end, Bell always wins’: Why did the CRTC backtrack on its bid to lower wholesale internet rates? | The Star](https://www.thestar.com/business/analysis/2021/05/29/in-the-end-bell-always-wins-why-did-the-crtc-backtrack-on-its-bid-to-lower-wholesale-internet-rates.html) + +TLDR - Big 5 banks + Big 4 Telecoms = Rock solid dividend core. + +Alas: + +* BCE Inc. - + * Trading near price target (Concensus target - 60.54, last - 60.06) + * Dividend Yield - 5.828% + * Market Share - 30% +* Rogers Communications - + * Trading below price target (Concensus target - 71.50, last - 62.37) + * Dividend Yield - 3.21% + * Market Share - 35% +* Telus Corporation - + * Trading below price target (Concensus target - 29.33, last - 27.26) + * Dividend Yield - 4.64% + * Market Share - 30% +* Shaw Communications - + * ?? Not sure, is it being taken over or not. + * Dividend Yield - 3.28% + * Market Share - Not sure. + * I would be careful touching Shaw due to the takeover by Rogers. Nonetheless, they have a solid line-up of services. + +Imo the key to investing in the Telco sector is to simply follow the movement of the CRTC. +I’m a 26. A teacher. Single, living on my Own. However, I feel as if I’m barely making it. I rarely ever shop for myself. I’m in desperate need of new clothes. The only splurge I have is me going out to eat. I look at all the other 20 somethings around me and they seem to be thriving and making a successful living. Me? I feel like I’m drowning in debt and it shows. +>#Chancellor on brink of second bailout for banks. 2009 + + + +The coronavirus shutdown is hammering supply and demand across the globe. That has forced the real economy into a sharp recession and triggered a rolling financial crisis. Below is a primer on one key piece of this mess: the crisis in corporate debt markets. This branch of finance is vitally important because even healthy companies often need access to credit. If they do not get it, they go under. + +In 2008, the vector of crisis ran from mortgage-backed securities to the rest of the financial sector and then to the real economy. This time, the real economy is being hit directly, and the damage is reverberating back into financial markets. The failing markets, in feedback-loop fashion, further threaten the real economy as corporations find it harder to borrow. As the corporate debt markets sour, major companies will go bankrupt. Unemployment is skyrocketing. Some analysts expect the economy to contract by an annualized rate of 30 percent during the second quarter of 2020. + +Already, US financial markets are on public life support. The Federal Reserve has committed to unlimited purchases of all sorts of assets: US Treasuries, mortgage-backed securities, car loans, municipal debts, and, in a historic step, both short term and long-term corporate debt. But the crisis will require more than a financial rescue. + +The key political question now is: What sort of controls will come with the state intervention? Corporate greed and self-dealing need to be checked not merely in the name of fairness but also to make sure public bailout money is actually invested in the real economy rather than just gambled away, as it was after the 2008 crash and rescue. + +###The Rise of Corporate Debt + +Since 2008, household debt levels have actually declined and are now lower than they were going into the last crash. But not corporate debt. Measured as a firm’s “net debt” compared to its EBITDA (earnings before interest, tax, depreciation, and amortization), corporate debt has doubled since the last crash. In 2009, the average American company owed $2 of debt for every $1 in earnings. Today, the average firm carries net debt to EBITDA of 3 to 1, and many firms — like Ford Motor, CarMax, Harley-Davidson, and General Motors — carry ratios ranging from 8 to 1, to as high as 15 to 1. Boeing, a special case because of its 737 MAX crisis, carries a ratio of 37 to 1. + +Over the last two decades, corporate America’s credit rating has collapsed. In the early ’90s, more than sixty companies held AAA credit ratings. Today, only two US firms are AAA rated: Johnson & Johnson and Microsoft. In 2001, fewer than one in five “investment-grade” firms were rated BBB. Today half of all investment-grade corporate debt belongs to firms rated “triple-B” (BBB) or lower. A third of those firms are rated triple-B minus (BBB-), one notch away from speculative or “junk” status. + +Already many triple-B-rated corporate bonds are trading on secondary markets at unusually low prices and high yields, often above 5 percent; that means even “investment grade” bonds are being treated as junk. Soon many triple-B-rated corporations will be formally downgraded to junk. That will drive up their borrowing costs and restrict their access to credit. Even healthy companies often need access to ready credit. If they do not get it, they go under. + +The rating agency Moody’s estimates the default rate for “speculative-grade” debt — companies with ratings lower than Baa from Moody’s Investors Service, or a rating lower than BBB from Standard & Poor’s — might reach 10 percent this year, up from 2.3 percent last year. The consequences of all this will reverberate throughout the wider economy, deepening and extending the recession. + +Total global corporate debt, including bonds and loans, is approximately $66 trillion; more than double what it was a decade ago. For comparison, the combined gross national product of all economies was estimated at $80.27 trillion in 2017. About a quarter of that is the US economy. + +###What They Did With the Money + +After the 2008 crash, the world’s central banks, with the US Federal Reserve in the lead, spent the next decade pushing money into the financial markets by way of super-low interest rates and the direct public purchase of financial assets from the private sector via quantitative easing (QE). + +The cheap credit encouraged lots of corporate borrowing in the form of loans from banks and massive issuance of corporate bonds. Unlike loans, which can be routinely extended, or sometimes abruptly terminated, or have interest rates that float up and down, corporate bonds are debt instruments issued by a company committing to repay borrowed money on a specified schedule at a specified, usually fixed, rate of interest. + +Corporations have been borrowing for a variety of reasons that range from shrewd arbitrage to stupid and reckless asset stripping. For a struggling and unprofitable company, for example JCPenney, debt can be a lifeline. For a profitable firm, borrowing money can be a way to raise capital without diluting existing shareholders’ claim on the company’s profits, which would happen if the firm issued stock. + +Even some profitable firms with piles of cash borrowed rather than spend their cash, in part for the firepower effect: letting other competitors and market entrants know that the firm has enough money on hand to buy out any threatening start-ups, and showing the world the firm is ready to ride out any economic crisis. + +Some firms used their borrowed money to buy other firms. This helped fuel a post-2008 wave of mergers and acquisitions (M&As). Deloitte reported “more than $10 trillion in [M&A] domestic transactions since 2013.” Targeted companies borrowed to stockpile cash as a defense against such takeovers. + +Firms also borrowed to fund CEO compensation, distributions to investors via dividends, and stock buybacks. Companies buy back their own stock so as to boost its price. A rising stock price is useful in many ways: it can keep away hostile raiders by making a targeted company too expensive to take over, but it can also draw in friendly suitors because (with some creative accounting) a rising stock value can make a weak firm appear more profitable. Corporate executives like a rising stock price because compensation packages are both tied to stock performance and almost always include some payment in company stock, so the higher the stock price, the higher the executives’ payout. + +Sometimes, firms even invested their borrowed money in actual production. The capital-intensive oil and gas industry did that, but as we explain below, it still faces a crisis, perhaps more salient than other sectors. + +###Bad Credit as Perverse Incentive + +The end result of all the borrowing was declining corporate credit-worthiness: corporate debt soon badly outpaced their earnings growth and cash balances. This led to widespread credit-rating downgrades. + +Perversely, lower credit ratings did not slow the borrowing binge, but rather spurred on further lending and borrowing, because as corporate credit ratings slipped, the interest rate that the downgraded firms had to pay on their loans and bonds increased. And, thus, so too did the lenders’ profits. + +Corporate debt and stock prices entered into a twisted dialectic, each driving the other. As the stock market continued to inflate over the last decade, it provided the confidence investors required to continue their purchases of risky corporate bonds. + +Keep in mind that many of the lending banks and asset funds were actually or essentially borrowing from Uncle Sam at inflation-adjusted rates close to zero, then lending to companies with triple-B and triple-B minus ratings at 5 percent interest. Profits like that meant there were always banks and asset funds eager to lend to debt-burdened corporations. + +Investors could directly purchase specific corporations’ bonds, or, as is more often the case, invest in mutual funds or exchange-traded funds (ETFs) that target an array of corporate bonds. High-risk loans were also sliced and diced and repackaged into bundles called “collateralized loan obligations” (CLOs), a class of securities backed by an underlying portfolio of corporate loans. + +According to the Federal Reserve Board of Governors, the majority of American CLOs are held by US institutional investors, including insurance companies, mutual funds, and depository institutions. This means that when the debt is unable to be serviced, the pain will be absorbed within the US economy, much of it by the unassuming customers of these financial behemoths. + +As was the case with the mortgage-backed securities of the 2008 crash, these funds helped “distribute risk” and thus gave an appearance of safety. The logic was that owning 1 percent of a hundred different loans would be safer, even if some loans went bad, than owning the entirety of a single debt security. The logic is not entirely wrong. And that is part of the problem: it encouraged yet more lending. As long as the economic forecast was optimistic, there was no reason for the debt spree to let up. + +###Zombies and Others + +Corporate debt, like much of the economy, is a story of disparities. Not every corporation is burdened by debt. Some firms are actually awash in cash. Microsoft, Berkshire Hathaway, Alphabet Inc, and Apple each sit on more than $100 billion in cash. As a whole, corporate America has been sitting on record amounts of cash in recent years. But at the same time, Morgan Stanley Investment Management estimates that one in six US companies cannot cover even the interest payments on their debts. + +At the heart of the problem are “leveraged loans” and so-called zombie firms. Leveraged loans are a type of expensive, high-risk credit extended to already heavily indebted companies. Since the 2008 crash, the leveraged loan market has doubled to $1.2 trillion. Now, leveraged loans in the United States are being re-sold at only 84 cents on the dollar, their lowest price since August 2009. The majority of leveraged loans — more than half — are in the form of the aforementioned CLOs. In the fourth quarter of 2018, there were $617 billion of CLOs outstanding. + +Zombie firms are defined by the Bank for International Settlements as heavily indebted, well-established companies that have failed to be profitable over an extended period and have low expected profitability in the future. In other words, heavily indebted start-ups do not qualify as zombies. The most threatened sectors are energy, automotive, insurance, capital goods (meaning equipment and machinery), telecoms, aerospace and defense, and some parts of retail. + +The bull market of rising, often overvalued, stock prices allowed many uncompetitive and unprofitable companies to appear healthy based solely on their stock’s performance. Even before the markets started to crash on March 9, some analysts were prescient enough to call the market’s bluff at the beginning of the year. + +But in this rapidly developing crisis, firms all across the economy may soon find it impossible to meet their liabilities. With the coronavirus breaking supply chains and forcing massive constrictions in consumer demand, corporate earnings are contracting fast, which in turn will badly hurt corporate debt servicing. + +Like a hypertrophied organ rupturing, the putrefaction of unsustainable corporate debt now threatens to create a generalized economic sepsis that will hurt even healthy firms. + +###Profiles in Debt + +Airlines. The top six major US airlines spent enormous sums to buy back their stock over the last decade. US airlines (as a whole) spent 96 percent of their borrowed money on buying back stock. Now, revenue from flights is plummeting. United Airlines’ bookings have fallen by 70 percent. Back in 2011, American Airlines filed for Chapter 11 bankruptcy with $29 billion in liabilities; today, they have over $34 billion in debt. Yields on some of their bonds reached a whopping 12 percent, a particularly distressing sign as interest rates have been slashed by the Fed in an effort to relieve credit markets. + +Energy. Even before the effects of coronavirus eviscerated demand for fossil fuels, US energy companies were suffering due to high fixed costs and low energy prices. In the last five years, 208 US energy companies have declared bankruptcy. Energy prices have been pushed down by the fracking revolution, the rise of renewable energy, and oil overproduction due to struggles between large producers like Saudi Arabia, Russia, and the United States. + +Now the coronavirus shock is pushing firms over the edge. Occidental Petroleum — which has $40 billion in debt, while its market value (the value of all of its stocks combined) is less than $11 billion — recently had its debt downgraded to junk. + +Energy mutual funds reveal the crisis in the energy sector as a whole. Vanguard Energy Fund, considered one of the top four oil mutual funds, has lost over 41 percent of its value since the beginning of the year. Of course, the biggest oil companies, the “Oil Majors” (such as BP, Exxon Mobil, and Royal Dutch Shell) have enough resources, market power, and government support to survive the crisis. But the effects on the less established firms stretch beyond the energy industry itself. + +Lenders. As the oil and gas firms go into crisis, the banks that extended them credit may also face defaults. Loans outstanding to the petroleum sector from regional banks in North America exceed $100 billion. Banks financing oil companies in Texas and Oklahoma saw their share prices drop nearly 30 percent. In oil-dependent states, public budgets will hurt as tax revenues decline sharply. + +Retail. A number of important retailers carry net debt to EBITDA ratios that are too high to be sustainable under current conditions. For example, Rite Aid owes $15.80 for every dollar it earns. For JCPenney, the ratio is $8.30 to $1; for Walgreens Boots Alliance, it is $5.80 to $1. Office Depot owes $4.60 compared to every dollar earned. + +###Beyond Bailout + +Bailing out distressed companies, even taking them under public ownership for a while, may staunch the bleeding. And the bubble can eventually be reinflated with enough effort. But a replay of the 2008 bailout, which involved lots of public money but very little public regulation and planning, will only mean a long slump followed by a bubble for the rich. + +The American economy is a sick beast. It needs not only government handouts and ownership — which it is getting — it also needs planning. + +Oil, airlines, and cruise ships — these are high-emission industries that, in the face of climate crisis, must be radically transformed or cease to exist. With government ownership and planning, these industries could be unwound and their resources redeployed. + +Although COVID-19 set off our current recession, it was the indulgence of the 1 percent built into the 2008 rescue that is responsible for the depth and severity of our current economic crisis. Without guidance, money was poured into the financial system. Not surprisingly, it blossomed alongside the mutually reinforcing dynamic of artificially inflated stock prices and ballooning corporate debt. + +Capitulation to the gluttony of financiers is deeply unjust. But it is also unworkable in purely technical terms. Without constraints on greed, there will be another bubble and crash and a longer slump, more suffering, greater inequality, and more social instability. We have to force government to use its legal and financial power to steer the American economy toward more egalitarian, socially rational, and environmentally sustainable purposes. We have to make this bailout work for the majority of us. + +#Corporate Socialism: The Government is Bailing Out Investors & Managers Not You + + +The U.S. government is enacting measures to save the airlines, Boeing, and similarly affected corporations. While we clearly insist that these companies must be saved, there may be ethical, economic, and structural problems associated with the details of the execution. As a matter of fact, if you study the history of bailouts, there will be. + + + +The bailouts of 2008–9 saved the banks (but mostly the bankers), thanks to the execution by then-treasury secretary Timothy Geithner who fought for bank executives against both Congress and some other members of the Obama administration. Bankers who lost more money than ever earned in the history of banking, received the largest bonus pool in the history of banking less than two years later, in 2010. And, suspiciously, only a few years later, Geithner received a highly paid position in the finance industry. + +That was a blatant case of corporate socialism and a reward to an industry whose managers are stopped out by the taxpayer. The asymmetry (moral hazard) and what we call optionality for the bankers can be expressed as follows: heads and the bankers win, tails and the taxpayer loses. Furthermore, this does not count the policy of quantitative easing that went to inflate asset values and increased inequality by benefiting the super rich. Remember that bailouts come with printed money, which effectively deflate the wages of the middle class in relation to asset values such as +ultra-luxury apartments in New York City. + +The Generalized Bob Rubin Trade: Keep the profits, transfer losses to taxpayers. Named after Bob Rubin who pocketed 120 million dollars from Citi but claimed uncertainty and kept past bonuses. This encourages anyone to never be insured for such eventualities since the government will pick up the tab. + +####If It’s Bailed Out, It’s a Utility + +First, we must not conflate airlines as a physical company with the financial structure involved. Nor should we conflate the fate of the employees of the airlines with the unemployment of our fellow citizens, which can be directly compensated rather than indirectly via leftovers of corporate subsidies. We should learn from the Geithner episode that bailing out individuals based on their needs is not the same as bailing out corporations based on our need for them. + +Saving an airline, therefore, should not equate to subsidizing their shareholders and highly compensated managers and promote additional moral hazard in society. For the very fact that we are saving airlines indicates their role as utility. And if as such they are necessary for society, then why do their managers have optionality? Are civil servants on a bonus scheme? The same argument must also be made, by extension, against indirectly bailing out the pools of capital, like hedge funds and endless investment strategies, that are so exposed to these assets; they have no honest risk mitigation strategy, other than a trained naïve reliance on bailouts or what’s called in the industry the “government put”. + +Second, these corporations are lobbying for bailouts, which they will eventually get thanks to the pressure they can exert on the government via lobby units. But how about the small corner restaurant ? The independent tour guide ? The personal trainer? The massage professional? The barber? The hotdog vendor living from tourists near the Met Museum ? These groups cannot afford lobbyists and will be ignored. + +####Buffers Not Debt + +Third, as we have been warning since 2006, companies need buffers to face uncertainty –not debt (an inverse buffer), but buffers. Mother nature gave us two kidneys when we only need about a portion of a single one. Why? Because of contingency. We do not need to predict specific adverse events to know that a buffer is a must. Which brings us to the buyback problem. Why should we spend taxpayer money to bailout companies who spent their cash (and often even borrowed to generate that cash) to buy their own stock (so the CEO gets optionality), instead of building a rainy day buffer? Such bailouts punish those who acted conservatively and harms them in the long run, favoring the fool and the rent-seeker. + +####Not a Black Swan + +Furthermore, some people claim that the pandemic is a “Black Swan”, hence something unexpected so not planning for it is excusable. The book they commonly cite is The Black Swan. Had they read that book, they would have known that such a global pandemic is explicitly presented there as a white swan: something that would eventually take place with great certainty. Such acute pandemic is unavoidable, the result of the structure of the modern world; and its economic consequences would be compounded because of the increased connectivity and overoptimization. As a matter of fact, the government of Singapore, whom we advised in the past, was prepared for such an eventuality with a precise plan since as early as 2010. + + +#........................................................................... + +^^>Section ^^4009. ^^Temporary ^^Government ^^in ^^the ^^Sunshine ^^Act ^^Relief. +^^Temporarily ^^permits ^^the ^^Board ^^of ^^Governors ^^of ^^the ^^Federal ^^Reserve ^^Federal ^^Reserve ^^to ^^conduct +^^meetings ^^without ^^regards ^^to ^^the ^^Government ^^in ^^the ^^Sunshine ^^Act, ^^which ^^institutes ^^certain +^^requirements ^^for ^^meetings ^^that ^^may ^^be ^^impracticable ^^to ^^carry ^^out ^^under ^^certain ^^unusual ^^and +^^exigent ^^circumstances, ^^such ^^as ^^those ^^related ^^to ^^the ^^coronavirus ^^outbreak, ^^if ^^the ^^Chairman +^^determines, ^^in ^^writing, ^^that ^^such ^^circumstances ^^exist. ^^The ^^Federal ^^Reserve ^^is ^^still ^^required ^^to ^^keep +^^a ^^record ^^of ^^all ^^votes ^^and ^^the ^^reason ^^for ^^votes ^^during ^^this ^^time. ^^This ^^authority ^^expires ^^at ^^the ^^earlier +^^of ^^December ^^31, ^^2020, ^^or ^^the ^^date ^^on ^^which ^^the ^^national ^^emergency ^^declaration ^^related ^^to +^^coronavirus ^^is ^^terminated. ^^https://www.banking.senate.gov/imo/media/doc/Title%20IV_Section%20by%20Section.pdf + +^[This.is.your.brain.on.central.banking,regulatory.capture,and.financialization.](https://medium.com/@allenfarrington/this-is-not-capitalism-5ed0a9d5dfa9) + +#........................................................................... + +2020 [Dow Futures Reverse Gains Despite Trump’s $6 Trillion Fiscal Bomb +Dow futures spiked after Trump's top economic advisor Larry Kudlow unveiled a gigantic $6 trillion stimulus package for the U.S. But the gains didn't last amid underlying concerns about the health of the economy.](https://www.ccn.com/dow-futures-reverse-gains-despite-trumps-6-trillion-fiscal-bomb/) +For beginners: CAGR is simply the total growth over a period of time, averaged out to give a better idea of just how much the money has grown by. (Edit: Here I'm only talking about long-term CAGR, not just a year). + +I used to think there were some technical hiccups keeping them from doing so. I don't think there are, so do let me know if that is indeed the cause. + +In my view, 90% of problems in this industry are due to bad advice. Bad advice is generally given by people who are for one reason or another not so good at their job (generating returns on capital). + +For example, Buffett's lifetime CAGR is roughly 30% (Berkshire is 20%). That's an honest signal that Buffett is much more reliable when it comes to advice on doing this compared to others. + +On the other hand, none of the professors, TV gurus, or anybody on the internet ever disclose their CAGR. I don't want to name someone because many people get attached to what they see or hear about consistently (due to a psychological effect called the 'mere-exposure' principle). + +But to my mind, it should, quite frankly, be a basic requirement for providing investment advice. If somebody's CAGR is much higher than Sensex, that person is worth listening to. + +But otherwise it is like going to a doctor who has no certificates on the wall. We all know what they are called: quacks. +Hey all, I founded M1 Finance to be a holistic, personalized, and automated personal finance app. We have three main products: Invest, Borrow, and Spend. Invest is free automated investing in a customizable stock and ETF portfolio. Borrow is a low cost line of credit based on your Invest's portfolio value. And Spend is an integrated checking account with a high-yield and cash back on debit card option. + +We manage about $3B on the platform, up from $800M at the start of the year. We're quite popular with dividend investors due to the automatic redeployment of dividends in a custom portfolio. + +You can find us at [m1finance.com](https://m1finance.com), on the App / Play store, or on all the social media sites. + +AMA! + +EDIT: Well all, it's been an absolute blast! I need to get back to M1 so we can build all the new features you're requesting :). Feel free to keep asking questions and I'll come back later today or this weekend to answer the remaining ones. Thanks for your questions and support of M1! +Here is the EOS wallet: + +https://etherscan.io/address/0x9937dbb2128b55c44d8af7bf36fd76796a814cf4#internaltx + +This is the address EOS is transferring over 300k ETH to: + +https://etherscan.io/address/0xa72dc46ce562f20940267f8deb02746e242540ed + +Click any recent transaction on this address, most of them are linked to bitfinex wallets. This address had 47k eth sent to it. Let's inspect that wallet where the 47k was sent to: + +https://etherscan.io/address/0x16fe4f84a6e17ce73e7104cb1039e0e1a15d2471 + +Bitfinex wallet. http://i.imgur.com/0GZrQ92.jpg + +Edit: here's another one with well over 60k eth (https://etherscan.io/address/0xfba4ee9f16566d048c56893e993188d7b67ac5a9 )- + http://i.imgur.com/at2MrOv.jpg + +Long story short, some of the bigger ICOs are cashing in and contributing to a decline in price. TenX is doing the same. Buckle up ladies and gents, we're going to have to endure the consequences of some of you becoming overzealous ICO flippers. Now the whole crypto market might be taking a hit. +I'm relatively new to algotrading. I have built simple models using various technical indicators like sma, ema, macd, Bollinger bands etc. I also have some experience in machine learning and I'm now trying to build a build a machine learning model using technical indicators. Could anyone please give me some insight on how to go about it and also suggest good references / research papers. +Just got into the game. My tiny starting pool of $600 has bought 3 individual growth stocks (AAPL, JNJ, Tetradyne), and $200 of an M1 pie (JNJ, LAND, O, MMM, SCHD, QYLD, ABBV, IIPR, JPM, PG, VTI, SPHD). I plan on adding $100 a month to the M1 for now and more when i have a real salary (currently a grad student, 25yo). Excited to be on this journey with y'all! +Reliance Industries on Saturday told BSE its agreement to buy Future Retail for almost Rs 25,000 crore cannot be implemented after lenders to the retail company rejected the deal. + +Reliance said in a regulatory filing Future Group companies comprising Future Retail Limited (FRL) and other listed companies involved in the scheme have intimated the results of the voting on the scheme of arrangement by their shareholders and creditors at their respective meetings. + +Majority shareholders and unsecured creditors of Future Retail, Future Lifestyle Fashions, and other group firms have voted in favour of the scheme of amalgamation with Reliance Retail, the company said on Friday. + +However, a majority of the secured creditors of four out of the five Future companies (for which voting results are announced) voted against the resolution required to pass Future Group’s Rs 25,000-crore scheme to sell most of its retail and logistics businesses to Reliance Group. + +In Future Lifestyle Fashions, 81.91 per cent of the shareholders voted in favour of the scheme of amalgamation, and so did 93.93 per cent of the unsecured creditors. + + +Shareholders of the six listed Future Group companies voted on Wednesday. Bankers said all the large lenders had rejected the proposal. + +Lenders rejected the slump sale of Kishore Biyani’s Future Group to Reliance Retail, multiple sources told Business Standard on Friday, after e-voting was conducted on Thursday, citing “uncertainty over the entire proposition” for rejecting the proposal. + +After the lenders’ rejection, the only option for the resolution of Kishore Biyani’s retail chain is going to bankruptcy court. + +“...the secured creditors of FRL have voted against the scheme. In view thereof, the subject scheme of arrangement cannot be implemented,” said Reliance in the exchange filing. + +[Source](https://www.business-standard.com/article/companies/reliance-calls-off-deal-with-future-after-secured-creditors-reject-it-122042300571_1.html) +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 +I don't know what this fantastic community is going to evolve into... but I'd welcome a quick way to separate out the riff from the raff.... + +Edit: XXX Hodler + +Edit2: Firstest ever award! Thank you! + +Edit3: obligatory reminder not to spend any potential rocket fuel on awards. (But thank you). + +... Automod tells me more letters. So I'm adding on more letters. And probably a few more letters. And just a few more, because not typing this out a FOURTH time. (Seriously, is this enough? *asking for a friend) +Firstly, don’t mean to incite any political debate around gun laws - please refrain from that topic. + +Another mass shooting in Tulsa today. All of these mass shootings has me questioning - is the U.S. the safest place to be for a family with growing kids? I’m halfway to fatFIRE but still firmly on track - and moving could derail these plans - but there’s something to be said about moving to a safer place. + +Anyone gone through this decision process? What did you consider? +My fellow ethhodlers - I made a similar comment in the daily discussion thread half an hour ago and a few of you wrote me in DMs that I should make an extra post so that more people see it. + +My opinion is that ETH can do everything that Bitcoin does and a lot more. Bitcoins plan was to be some kind of decentral internet money but since there are transaction fees >5$ it's sole purpose is to be a store of value. In my mind an asset which can lose 20% of it's value in an hour like yesterday is a pretty shitty store of value. At this moment bitcoins price is pure speculation, you can't use it for anything except speculation and I don't believe in its tech. + +ETHs price at the moment is speculation as well, we have to admit that. BUT the big difference is - there are already a few use cases out there, a lot of projects already started on the Ethereum Blockchain, big corporations are already looking for use cases for them and you can already write smart contracts on the ETH blockchain. This COULD change the world as we know it - Bitcoin would only be a new form of money. + +Bitcoin paved the way, we have to be thankful for that and now it's time for something with real world usage. I believe in ETH but I don't believe in BTC. If ETH crashes and never recovers I could live with it, at least I tried. But if I buy Bitcoin and it goes to zero I would ask myself why I was such a moron to invest in something i don't even think has a real-world-usage. Keep that in mind when you think about jumping the ship to the bitcoiners. +Sorry to disappoint you. No dog breed name, no rocket/lambo spamming. Nothing but 100% honesty and transparency. + +A token so useless -- we will do anything to buy back the tokens with external profits of the legally registered entity "Useless Crypto, LLC" just to burn them eventually. A new and unique Pump-N-Burn mechanism. + +Merch, as a proof-of-concept, is already running smoothly. + +Apps that'll benefit the whole crypto space are in the state of a decent progress. Striving to provide an app and features that'll be the "Robinhood" of the DeFi-Space and benefit the whole space (Portfolio manager, Whaletracker, easy-to-use chart (poocoin, bogged and dex.guru really do suck, right?). + +VICE: https://www.vice.com/en/article/88nvw3/useless-token-is-the-latest-wild-scheme-promising-crypto-riches + +Tyler Hill: https://www.youtube.com/watch?v=VaWq1fJL3RI&t=1148s&ab_channel=TylerHillInvesting (That review is hilarious and honest). + +Todayonchain: https://www.todayonchain.com/press-releases/useless-gets-listed-by-coinmarketcap-and-coingecko-useless-executive-officer-interviewed-on-blockcast/ + +Pictures explaining our mechanism: + +Pump-N-Burn mechanism:https://imgur.com/a/6swubWX + difference between external (USELESS) and internal (such as EverRise) buy backs: https://imgur.com/a/0TwH42B + +Visit www.uselesscrypto.com if you want to know more. I am sure you'll like the charme and the humour we implemented on our website. +China just agreed to buy a certain amount of stuff from the US: +[https://www.cnbc.com/2020/01/15/heres-what-china-agreed-to-buy-from-the-us-in-the-phase-one-trade-deal.html](https://www.cnbc.com/2020/01/15/heres-what-china-agreed-to-buy-from-the-us-in-the-phase-one-trade-deal.html) +So who has agreed to what here? Is the government going to buy the stuff, and then re-sell it? Buy it and redistribute it, Soviet Union-style, to companies, whether they want/need it or not? Are companies going to do the stuff-buying, and the government is committing to enforce that they do enough of it? If so how is that actually enforced, and what's the penalty on either the government/country or on companies if they don't buy as much stuff as they've promised to? +Hi my name's DongHuaP and I'm a popular League documentarian looking to do some research on Esports economics. + +NA teams are able to pay millions to their players. The average NA League player makes around 400K according to some reports. According to pro players, the average NA Player makes 2X-3X as much as an EU player. + +Around 70% of the income generated by Esports comes from sponsorships and media rights. + +The answer that I keep getting is that American audiences are the MOST valuable by far when it comes to advertising markets. + +By why? Can someone explain to me the SPECIFIC factors that make Americans more ad-friendly? From what I understand it has a mix to do with the fact that NA's only language is English so there's no big spread of different audiences like in EU or Asia. It also has to do with American spending habits. Are there specific reports or studies out there that go into depth about how America spends more? +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! + +News is trickling in on this right now (gaining steam on Twitter), looks like mainstream sources haven't picked it up yet or are downplaying. Here You can find DMSA's press release, [http://www.dmsa-agentur.de/pressemitteilungen](http://www.dmsa-agentur.de/pressemitteilungen) + +From what I gather, a $148 million offshore bond payment due "today" still hasn't been paid, triggering formal bankruptcy proceedings against the company. I believe that the deadline was midnight in China timezone, and the press release was filed right around there. We cannot know for sure if a last-hour payment was made at this point until confirmed further. But if this is all true , it could have some pretty strong short term shocks for the market. + +For now treat this with a grain of salt until more verification and information. Either way, buckle up. + +**EDIT: English Press Release** [https://www.prnewswire.com/news-releases/evergrande-officially-defaulted---dmsa-is-preparing-bankruptcy-proceedings-against-evergrande-group-301421327.html](https://www.prnewswire.com/news-releases/evergrande-officially-defaulted---dmsa-is-preparing-bankruptcy-proceedings-against-evergrande-group-301421327.html) + +**EDIT 2: Section of note:** + +"Particularly problematic for Evergrande: all 23 outstanding bonds have a cross-default clause. "This means that if a single one of these bonds defaults, all 23 outstanding bonds automatically have 'default' status" DMSA senior analyst Metzler knows. However, this does not automatically result in a bankruptcy for Evergrande Group. To determine bankruptcy, a insolvency petition must be filed with the court. This can be done either by the company itself or by one or more of the company's creditors. And this is precisely what is now planned. Metzler: "DMSA is preparing bankruptcy proceedings against Evergrande. We are already holding talks with other investors in this regard. We would be pleased if other investors were to join our action group." + +**edit 3** Now mainstream media is reporting conflicting info that the bonds have in fact been paid according to Clearstream. +My husband and I started using a financial planner for the first time in August 2021. He currently has my Ira with nearly all of my retirement, an investment account that’s a chunk of our savings and an IRA for my husband. We know we are small fish in his big pond as what we have invested in total is under $500k but he took us on, we know him and trust him and know others who recommend him. +I also know the market over the last year has gradually gotten worse. So is it reasonable that since August our accounts have lost 14-16% in total? Hard to stomach paying the fee for professional management and just have more come out when you’re already lower than you were going in. +My husband thinks it’s his fault and that he’s not being smart with our money because we aren’t as rich as other clients. I think it’s just the market and am trying to be patient, hoping he’s taking advantage of prices on stocks that will go back up when the market turns. Based on the account activity, it’s not like our accounts are sitting untouched, we see movement into different things. +Shitadel and the gang of comic book villains have 2 key weapons to manipulate the stock price directly. Mind you manipulating MSM, hiding FTDs and such are highly relevant, but don’t directly interfere with the price finding algos of the lit exchanges. + +First their shorting (naked), which represents their own power the put pressure on the price and secondly their order flow internalization, which represents them dividing our power. That is how they route through the exchange all sell orders and fulfill all buy orders via dark pool so much of the buying pressure never reaches the NYSE. That is why the NYSE sees disproportionately many sell orders, but few buy orders. Our power doesn’t reach the price algorithm that determines the real price. Hedgie (or market maker) fukery. + +Now what do we do against that shit? Direct your buys through IEX. You can tell your broker software to do that. No problem. It gives that option in the settings. + +That completely negates shitadels bullshit internalization via dark pools and let’s us fight their ability to short with our own FULL buying pressure. This actually levels the playing field. Suddenly it becomes a fight I know that millions of retail Investors will win quickly. Because we will hit them with billions of dollars each month in buying pressure that ACTUALLY REACH THE NYSE PRICE ALGO and they can’t make it disappear. How long can they short against that?! No way. + +We can measure our understanding of this in the daily volume routed through IEX. The direct and independent connection to the NYSE. No citadel involved. I sincerely invite you to participate. The key to breaking hedgie backs is already in our hands. I don’t like relying on other forces, although I do hope Gary Gensler will clean up Shitadels mess. IEX is the dark pool killer. + +I would like to call for an IEX volume guy. I’ve seen it posted sometimes, but we really need it everyday, just like reverse repo and other important market driving factors that we monitor. + +All the best you degenerates. + +Sincerely, a retard of the highest order. + +Edit: Seriously, if your broker doesn’t offer this option why stay there? + +Edit 2: fidelity users check [This](https://www.reddit.com/r/Superstonk/comments/mq7l4h/fidelity_users_you_can_manually_route_your_trades/?utm_source=share&amp;amp;amp;utm_medium=ios_app&amp;amp;amp;utm_name=iossmf) out. It allows you to route directly to the NYSE as well. Thanks for the link in the comments. Shoutout to u/illustrious-cow8493 +All the posts on this are over a year old so I thought I'd see if anyone had some light to shed on this. I've had an invitation for the Black Card (Centurion) pending for a while now. While the fees are negligible to me, I don't like to feel like I'm paying for something I'm not getting any benefit out of. + +It seems like the most valuable thing about this card is the airline benefits. I elect not to fly private due to environmental reasons and instead take the best product on a given commercial flight. From what I read the card seems to only help with Delta upgrades, but if in practice it could be used to secure upgrades on a variety of carriers that would be appealing. + +The other main point mentioned frequently is the hotel/experience benefits. What exactly does this entail? AmEx's description of this is also vague, gesturing to "exclusive" things available at "thousands" of hotels. But what exactly does this get you that getting a VIP room at a hotel wouldn't otherwise? And I presume, in general, that those with the spend required for the Black Card would be staying in such rooms anyway. + +Insight on these issues would be appreciated. +Obviously job security, cash flow, and minimal debt are big ones. Let’s say I have a good job, 100k in savings, and no debt. Where would you put your money in the midst of a recession? Stocks? ETFs? Property? Should I just sit on it? I know this question is probably not specific enough but how did people come out on top after 2008 and how will this recession be different? +I thought I'd just make this post as I often see people feel that they're behind because of their salaries. I know that subreddits such as this one will tend to attract the extremes on either end. You'll see posts from people in lots of debt, to people who made a fortune from Bitcoin, to contractors charging £500 per day etc. I thought it'd be nice to make quick post showing some of the percentiles for pre tax income in the year 2017-2018, so you can have a more realistic, accurate representation of your income versus other people's, compared to selecting yourself against the 21 year old on a 43k base plus 17% bonus. + +As always, before reading on, remember that comparison is the thief of joy.. + +Although I am essentially showing a comparison, I am hoping that it is more realistic and reassuring for you compared to the typical comparison you may make (ie, my examples above). + +If you earn... + +around £24,400 you're in the 50th percentile + +around £30,000 you're in the 64th percentile + +around £40,000 you're in the 79th percentile + +around £50,000 you're in the 88th percentile + +around £60,000 you're in the 92nd percentile + +around £70,000 you're in the 94th percentile + +You get the picture. Just to earn £40k, you'd need to be doing better than about 80% of earners. So when you see people on these salaries pop up all around these forums, just remember that they are very much the exception, not an average. 1 in 5 isn't that crazy, but it is still only 20% of us at the end of the day. As you can see above, earning £50k puts you in the top 12%. To ever get to £100k would put you in the top 3% of the country. Really, only 5% of people earn over £75k! + +Of course always strive to increase your skill set and earn more money etc, but don't become despondent and unfairly compare yourself to others! + +&#x200B; + +I got all the data here: [https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax](https://www.gov.uk/government/statistics/percentile-points-from-1-to-99-for-total-income-before-and-after-tax) + +Again, this is 2017-2018 so a few years behind, but I'd imagine the situation will look relatively similar, +It’s hard to find a capable performer in the cryptocurrency market right now. Even ETH, which had weathered the worst of the storm this week, has succumbed to the red tidal wave, dropping 30% in the past 24 hours. The less said about ripple (-40%), the better. So how to feel all are you (crypto investor) right now..? +EDIT: Thanks everyone for the replies. I am already aware that all hits within a 14 day period count as 1 as this is the 6th time I am buying/leasing a car. Every single time I bought or leased a car, I had my credit ran at most, 3 times as I have excellent credit. I just never had it happen like this and thought it was so shady. All the hard inquiries just look bad and I wanted them removed just because I don't want them there as it was excessive and unwarranted and not because I thought it brought my score down too much lol. + +I had gotten a stupid low rate with a local credit union. Even the dealership was surprised on how low my rate was for a used car. I applied online beforehand to several banks and nothing came even close to it. The point was they told me they are doing a backup contract for "show" so I don't "run off with the car". Even though I had paid the taxes on the car upfront AND placed a down payment of 3k. I told them even if the one bank they applied with gave me 15% APR, I'd sign because I was going to go with my credit union no matter what. And they did not honor my wish! The reason I was desperate for the car was because it was a hybrid and there were maybe 5 hybrids in a 100 mile radius back in June. I did not want to risk losing the car, especially since I had already talked them down quite a bit of money. + +I had a rate and was pre-approved, I let them know of this in advance. They told me I can't take the car home unless they do a backup contract with one of their lenders since it would take some time for them to receive the funds. I told them they can run it once just to get a contract up but we won't be using it. They seemed understanding but ran my credit 9 times. I now have 9 hard inquires. How do I go about removing these? I emailed them and their manager multiple times with no luck. + +&#x200B; + +&#x200B; +Bonfire just held a really exciting live stream on twitch discussing the future and clearing up any questions or concerns with Bonfire! After investing in bonfire two weeks ago I never could have imagined the growth that would occur. I knew very little about the coin, but aped in anyway because of the energy I felt in the community. + +Do you know the feeling I’m talking about? The feeling of a group of people coming together to make something successful. It was incredible! There were just a few hundred of us in the beginning, but the impact we were making was HUGE. + +That energy has since grown 10x in the past two weeks and now we have 100k holders! A dedicated marketing and social media team, new devs, and a mod team who spend all their free time just helping to answer questions, and clear any fud that comes up. + +A lot of these people aren't even being paid. They just believe in the LONGTERM success of this token. The community is what drives bonfire, and we would love for you to join us. + +Right now there's a huge giveaway they're doing on twitter and doing a community art contest today as well! + +Please pull up a seat beside the fire, and join us as we move forward. We will save you a seat! + +https://www.bonfiretoken.co/ + +https://t.me/BonfireTG + +https://discord.gg/bonfire + +Any questions... drop it in our telegram group and the admins/mods will be happy to answer :) +Someone with wrinkles please break down what's going on with these "proposed rules" I keep seeing posts about. How exactly do they "stop MOASS" from happening? To my understanding, RC has quite a few options to press the nuclear button and force shorts to have to close if it comes down to it. What shenanigans are the NSCC/DTC/SEC actually trying to pull to block it? I'm hesitant to go comment on any bullshit proposals they make because last time I did that my information got doxxed when they released the comments publicly. + + +Edit: Thank you, shills, for having the Crisis Hotline contact me. I can assure you that I am of sound mind. I still very much believe that MOASS is inevitable and the amount of FUD on this subreddit as of late will not change that. Comments calling for violence and saying MOASS is an unfounded theory? Fucking lol. +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! + +I am 13 with a custodial account. my initial investment was 500 dollars roughly 2 months ago. Here are the holdings I currently have... Keep in mind dividends arent the only thing I am after. + +KO 4 shares at 49.98 + +TFC 2 shares at 50.63 + +SCHD 2 shares at 65.86 + +PLTR 2 shares at 25.80 (long term play) + +AMC 3 shares at 6.99 ( i am hoping for a squeeze and i only have 3 shares) + +Please let me know what is good and bad also I am planning to add more money when I can... +[Ignore the open pos, it's a bug ](https://preview.redd.it/lq9bm3gei4r71.png?width=420&format=png&auto=webp&s=3bd71902761c023b20983607efe284760af20215) + +A lot of people on my last post thought I was naked these calls, I'm not. That's WSB level retarded. + +These are covered calls, Originally started with 1200 shares and have grown it to 1900 selling covered calls and buying calls during run ups. + +A lot of people wonder why I sell 1 DTE Weeklies instead of 30-45 DTE expiries and it's mainly due to the risk. The difference in return on capital between weeklies and 30-45 DTE expiries are quite large, I only make about 2-4% ROC with weeklies, and with 30-45DTE I make about 10-15% which is huge on a 6 figure portfolio but I have to factor in risk. + +GME can rip at any moment and the weeklies closer to expiry have more volume and liquidity. + +Also, another note is that every week if you check what max pain is GME 98% of the time either closes slightly above, at, or below max pain, and it's consistent every week unless there are outside factors. + +I've been selling CC since Feb when I opened my position after the big dip. The only times I don't sell CC is earnings week, or during u/criands [DD](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) on futures expiries or any other potential news that might be coming out. + +Other than that CC all day long, and if you're asking why I don't sell earlier in the week, go look at a weekly chart of GME, there are huge fucking moves every week and my risk tolerance only goes so far selling 1 DTE gives me more advantages because of Theta. +Looking from the perspective of a US citizen, the salaries in the EU are often greatly depreciated. I hear about the stronger safety net and everything. However salaries in the tech and finance sector are only about 40% of what you'd be getting in the states. + +How do Europeans still manage? Do they have enough to invest in stocks, real estate, etc.? +Hey all, I wanna know what do you guys think how should I plan my life. Specifically, where should I move to be in the best financial opportunity. + +I (M22) am an electrical engineering and computer science student from a Balkan country in eastern Europe. I've been into crypto and investing for many years now. My current net worth is approx. $2000 which is about two median monthly salaries where I live. + +The thing is that I have very ambitious goals and ultimately want to be financially independant ASAP. It is very common for everyone here in Balkan to immigrate to Germany, Austria or similar countries to work in construction and other typical blue collar jobs, although many are higher educated as well and find much higher paying jobs. + +I love to do extensive research about other countries around the world so the most important metrics I've found to be most informative are GDP per capita, median salary, human development index (HDI), purchasing power index, cost of living index, quality of life index and so on. Most often the best all-around countries tend to be Switzerland, Denmark, Norway, Sweden, Finland, Netherlands, Germany, Ireland, US, UK, Canada and Australia and some others like Qatar, Saudi Arabia, Singapore, UAE and New Zealand. + +Honestly, what attracts me the most is Los Angeles. My dream is to have a big ass mansion in Malibu where I would live permanently with my future family, but at the same time have houses/apartments in many other parts of the world as well like Las Vegas, Phoenix, NYC, London, Amsterdam, Australia, Tokyo, Seoul, even Africa... But also in small towns and rural areas where I could disconnect in nature and enjoy the wonders of our beautiful planet. + +As you can probably conclude by now, I have crazy and maybe overly ambitious life plans but I know everything is possible if you work towards it. Heck, even if I achieve 5% of this that will be fucking amazing. + +How do you suggest I go about doing this? Which countries are the best for high tech industry and financial independence? Maybe first move to Germany and then to US in my 30s? Or some other way around? If you were in a similar situation, what is your life story and what would you do differently if you could start over? + +(also if you have career path stories and/or advices, I would LOVE to hear it) + +TLDR; where to live in the world for most moneyz? +I got interested in trading options in April. It has been 5 months now. Just wanted to share a short experience. Tldr; Its not worth it. +Slightly longer version follows. +The amount of nervousness and anxiety it causes and addiction that develops are some of the bad things. Sometimes you don't feel like setting a stop loss in fear of it getting triggered (despite the fact that stop loss is designed to save your ass). +Some of the big losses you take make you irritable and not able to focus at work. Even the feeling of FOMO hits you hard mentally. For example since last couple of weeks I had made a plan that I will short nifty at 11800 and yesterday it hit 11800 but I didn't and if I had I would have made decent money. The market fell like a stack of cards yesterday and I wasn't able to focus at work because of the feeling of having missed out despite planning for weeks. +Also sometimes you are in a big profit but you don't take it and it goes back to zero, it hits hard as well. + +Overall the emotional rollercoaster is not worth it. Thankfully I haven't lost any money trading options since I started so I am pretty lucky but I didn't make any money either. I only used a small capital of 10k which I was prepared to lose as I wanted to experience it without using lot of money. + +In the end its just way better to just invest money sensibly and let it grow rather than play video game in options trading. + +Please share your experience if you have any as well. It could be helpful to others. +guys you may say i'm crazy , i'm holding CHFJPY from 117.400 , with 0.01 lots account levrage 1:500 , capital 4730 euro , i'm at loss 2150 euro , my account can hold till 178.800 , what you recommend me do pls. Hedge or there's anything i can do can help me get out from the trade with no loss + + + +https://preview.redd.it/zrfyjgbgp7n91.jpg?width=746&format=pjpg&auto=webp&s=64885ed2a347a9832e3c6d76bd81092bd6afce5b +I have been lurking the thetagang subreddits for almost a year now, and learned a lot from everyone on how to make money selling options. + +Over time, I've been frustrated on the lack of tools on finding good stocks with all useful information in the same page. + +So I wrote a stock scanning tool for personal use to find good stocks and has been using it for a while now. + +Then one day, I thought it would be a fun idea to somehow share it with you guys. + +Over the past weekend, I made an online version of my stock scanning tool. + +For each stock, it lists important information like: +Price, IV, HV, Moving Average, RSI, if it is a meme stock, and also if it is currently heavily shorted. + +For the stat-phobic people, I also included stock and option analysis. + +Disclaimer: Please do you due diligence with other information source before making trades because my information and analysis can be wrong. I'm not a financial professional. I'm just a guy sitting at home that likes to trade options. It's my fun side hobby. + +Anyway hope you guys like it. I'd love to hear any suggestions, ideas, and criticisms. + +There's no ads, no patreon, no loot boxes, nothing. Enjoy :-D + +[http://algodeviant.design/stocks.html](http://algodeviant.design/stocks.html) +# TLDR + +I wrote about [Netflix's recent behavior in my last Potential DD](https://www.reddit.com/r/Superstonk/comments/s9fmaj/potential_dd_gme_netflix/), but I'm willing to bump this up to DD status now. I think someone got margin called. I don't know who, but I think I've found some telltales to help narrow it down. + +# Summary + +Normally, a business will choose the most cost effective, or cheapest, solution. + +The cheapest solution is usually to increase the value of your assets. That's [the BRKA link here](https://www.reddit.com/user/ammoprofit/comments/s2csyh/the_curious_case_of_brka_spy_and_the_ath/). + +Once that doesn't work, they use the next cheapest solution. And the next cheapest solution. And eventually they use an solution that permanently addresses the problem (success), or they run out of choices and fail (margin call). + +I'm not 100% convinced this is because of GME. It could be any number of meme stonks, or something else entirely. But if it's a margin call in a bull market, you would expect to fail because you bet against something that increased in price from roughly one year ago. + +And we are up big from one year ago. + +# Recap + +>Netflix's stock took a $100 dive during 2022-JAN-22 after hours. The news report spins alleged a lack of growth. Whatever. Briefly, Netflix is an amazing tech company, and their market is now competitively saturated. There's a dozen or so streaming services now competing for the same userbase. Long-term growth is no longer on the table for anyone. People will either choose a service and stick with it or pay for a service, binge their show(s) of choice, then move on. The news spin is **complete** crap. +> +>It's up there with all the news cycles' bullshit about Gamestop's NFTs with Gamestop didn't announce anything. +> +>[I previously covered BRKA here](https://www.reddit.com/user/ammoprofit/comments/s2csyh/the_curious_case_of_brka_spy_and_the_ath/). And now I have another juicy tidbit, but I don't have enough yet. I'm not sure what I'm looking at, but I know it's important, and I want to get it on your radars. + +I went on to compare various stocks and found some outlier behaviors. I made some mistakes like swapping F (Ford) and FB (Facebook), but I felt like the stats-less approach was solid. + +# The Meat + +At first, I thought it was a margin call, but couldn't figure out why. Why would someone fail a margin call now when GME's price has been steadily decreasing for months? + +So I woke up, at two in the goddamned morning for no reason, and had an epiphany. + +&#x200B; + +1. The phrase, "scheduled margin call," has been rattling around in my head for months. +2. These entities can roll their debts through various market mechanics, like derivatives. +3. As the underlying asset moves unfavorably away from the debt's original price strike price, or equivalent, it becomes more expensive to roll those debts. +4. These market mechanics have different schedules. Some are quarterly, some are *annual*. + +When we look at the price day to day, we see GME dropping over time. Even when we look quarterly, the price has been decreasing. This is favorable for the shorts. But for the annual short mechanics? We're up \~$80. That's bad for the shorts. + +Regardless of how you're short the stock, whether it's total return swaps, leaps, or puts, they're in the hole $80/share for the annual market mechanics. + +# The Potatoes + +I compared every stock in the S&P 500 to the S&P 500. Here are the outliers. + +[4-Hour View](https://preview.redd.it/avv5q1uvemd81.png?width=1894&format=png&auto=webp&s=e5294f15b1bf4ec9518a28c68782242b724b3a85) + +[Daily View](https://preview.redd.it/w3dsf6bafmd81.png?width=1895&format=png&auto=webp&s=8238ee92f014866f5873771b6fee4a066a606048) + +Group 1: DISCA, SIVB (SPX in yellow) + +[4-Hour View \(DSCA, SIVB\)](https://preview.redd.it/wsfbhx2tfmd81.png?width=1896&format=png&auto=webp&s=f37c853568d707c869fccb7e32f18782bb015acd) + +Group 2: NXPI, AVGO, MCHP, NVDA, AMD, NUE (SPX in yellow) + +[4-Hour View \(NXPI, AVGO, MCHP, NVDA, AMD, NUE\)](https://preview.redd.it/xzy9t26zfmd81.png?width=1895&format=png&auto=webp&s=f37c435620519321ef381e29dedb145d822f0026) + +&#x200B; + +Group 3: MOS, DISH, BRKA, LYB (SPX in yellow) + +[4-Hour View \(MOS, DISH, BRKA, LYB\)](https://preview.redd.it/n727sxnagmd81.png?width=1894&format=png&auto=webp&s=ec2ae8c86d7c69770f03dc509f7cf52a091e14b7) + +Group 4: AMAT, SIVB, GPS (SPX in yellow) + +[4-Hour View \(AMAT, SIVB, GPS\)](https://preview.redd.it/zl03y0eggmd81.png?width=1895&format=png&auto=webp&s=b368df5ca68fbb077ac83d57fc90f43e7807dbb9) + +&#x200B; + +# The Dish + +Go here: [https://www.optionseducation.org/referencelibrary/expiration-calendar](https://www.optionseducation.org/referencelibrary/expiration-calendar) + +Go to August 2021 + +* August 18th, 2021 is the Monthly Volatility Products Expiration Date. (red arrow) +* August 19th, 2021 is the Monthly A.M. settled index options cease trading. (orange arrow) +* August 20th, 2021 is the Monthly equity, index, and cash-settled currency options expiration date and PM settled index options cease trading. (purple arrow) +* August 24th, 2021 is T+2 from August 20th, 2021. + +https://preview.redd.it/qfa78is5lmd81.png?width=1902&format=png&auto=webp&s=093712932d124c11cb31ef28c719bb66f823cb9e + +After Hours and Pre-Market are grey background. Black background is intraday. Arrows point into the date of the intraday. + +T+2 here compares to the Equity, Index, & Cash-settled currency options on an August cycle. The stocks don't really fluctuate. + +&#x200B; + +September and October 2021 are quiet. + +&#x200B; + +Go to November 2021 + +* November 17th, 2021 is the Monthly Volatility Products Expiration Date. +* November 18th, 2021 is the Monthly A.M. settled index options cease trading. +* November 19th, 2021 is the Monthly equity, index, and cash-settled currency options expiration date and PM settled index options cease trading. +* November 19th (Friday) and 22nd (Monday) have the run up, and they short on Tuesday. + +https://preview.redd.it/r20ljsxlmmd81.png?width=1895&format=png&auto=webp&s=cba4c7f842159eeeec5fa9b2defae817574f737d + +If you're looking at T+2 for green days, you're looking at the orange arrow, for Monthly A.M. settled index options cease trading on a November cycle. + +&#x200B; + +December 2021 is quiet. + +&#x200B; + +Now look at January 2022. + +I changed the colors this time to match the calendar below. + +https://preview.redd.it/0q1cajwcgod81.png?width=1893&format=png&auto=webp&s=39f70db01d4a21799443084effe9d431845fedbb + +https://preview.redd.it/usstz43oomd81.png?width=1079&format=png&auto=webp&s=4b80c090ee7bbea37ebeb9a9cb4faefaba6d7d79 + +Not only is it early, not only does GME not move, but four S&P 500 stocks take a beating on *no bad news*? + +* SIVB beat expectations... +* NUE is undervalued and expected to do well in Earnings report next week... +* NVDA has no news... +* AMD has no news... + +Go through the list of the 25 stocks, and see what you find. + +&#x200B; + +Are you seeing the pattern? + +1. SHFs using these derivatives know the schedules in advance. +2. [SHFs push the underlying assets' values up](https://www.reddit.com/user/ammoprofit/comments/s2csyh/the_curious_case_of_brka_spy_and_the_ath/). +3. SHF's counterparty re-assesses the collateral for its notional value (market value less any haircut) to roll the derivative. +4. SHF makes the margin obligations. +5. SHF sells the underlying assets high and reinvests the proceeds. + +Lather, rinse, repeat. + +&#x200B; + +# Dessert + +Except this time lots of stocks in the S&P 500 all took beatings just before the January scheduled margin call, and [Netflix took a dive](https://www.reddit.com/r/Superstonk/comments/s9fmaj/potential_dd_gme_netflix/). I've color coded all 25 stocks the same deliberately. + +https://preview.redd.it/ydw2c7gqqmd81.png?width=1900&format=png&auto=webp&s=29c7f01881fa2279cd51a8fdb9b6390280e13c94 + +I think someone failed a margin call. + +(I also think Credit Suisse rolled Archegos' debt.) + +&#x200B; + +# Sprinkles? + +[https://twitter.com/dlauer/status/1485690593988825094](https://twitter.com/dlauer/status/1485690593988825094) "I just heard a rumor that Melvin is down 25% month-to-date, might be blowing up." + +DLauer is better than FXHedge, right? + +&#x200B; + +[https://twitter.com/Fxhedgers/status/1484619145530404865](https://twitter.com/Fxhedgers/status/1484619145530404865) "Might get news on someone blowing up over the weekend" + +[https://twitter.com/Fxhedgers/status/1484618208069840896](https://twitter.com/Fxhedgers/status/1484618208069840896) "Meltdown Monday coming together SPX" + +May be related. May not be related. Who knows! + +[https://finviz.com/map.ashx](https://finviz.com/map.ashx) + +&#x200B; + +Edit: Added summary! + +Edit 2: Added Sprinkles + +Edit 4: u/ifiwerearichman pointed out... [https://twitter.com/dlauer/status/1485690593988825094](https://twitter.com/dlauer/status/1485690593988825094) "I just heard a rumor that Melvin is down 25% month-to-date, might be blowing up." + +Edit 3: [The market is red like a bloody mary today](https://finviz.com/map.ashx). + +https://preview.redd.it/fbzsfebbjnd81.png?width=949&format=png&auto=webp&s=44406bd516128e44e57dac64fa906a45e9e89050 + +&#x200B; + +So many potential hits... More on potential margin called companies... + +[This comment here](https://www.reddit.com/r/Superstonk/comments/sbukni/melvin_d1_tiger_global_and_more_suffer/hu26636/) from another post lists a bunch of hedge funds not doing great. Again, may or may not be related. Melvin is related. ;) + +* Melvin: [https://www.sec.gov/Archives/edgar/data/1628110/000090571821001492/0000905718-21-001492.txt](https://www.sec.gov/Archives/edgar/data/1628110/000090571821001492/0000905718-21-001492.txt) +* Whale Rock: [https://www.sec.gov/Archives/edgar/data/1387322/000138732221000017/0001387322-21-000017.txt](https://www.sec.gov/Archives/edgar/data/1387322/000138732221000017/0001387322-21-000017.txt) +* Lone Pine: [https://www.sec.gov/Archives/edgar/data/1061165/000090266421004961/0000902664-21-004961.txt](https://www.sec.gov/Archives/edgar/data/1061165/000090266421004961/0000902664-21-004961.txt) +* Tiger Global: TBD +* D1 Capital Partners Onshore LP and/or Dan Sundheim: TBD +[From the article](https://www.reuters.com/article/cryptocurrencies-sp/sp-dow-jones-indices-to-launch-cryptocurrency-indexes-in-2021-idUSL1N2IJ0TG): + +> LONDON (Reuters) - S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, said on Thursday that it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class. + +> The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins, the companies said. S&P’s clients will be able to work with the index provider to create customized indices and other benchmarking tools on cryptocurrencies, S&P and Lukka said in a joint statement. S&P and Lukka hope more reliable pricing data will make it easier for investors to access the new asset class, and reduce some of the risks of the very volatile and speculative market, they said. + +> “With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” said Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices. The move by one of the world’s most well-known index providers could help cryptocurrencies become more mainstream investments. It comes as bitcoin continues to soar to record highs against the dollar, boosted by increased demand from investors who say the virtual currency is a hedge against inflation and a safe-haven asset. + +> Bitcoin was trading at $19,300 in latest trading on Thursday, having soared around 170% this year. Cryptocurrencies have been around for more than a decade, but have started attracting more interest from large financial companies over the last few years. + +> Large firms including Fidelity Investments and Japan’s Nomura Holdings Inc have starting safeguarding bitcoins and other cryptocurrencies for institutional investors, while major exchanges have started offering bitcoin derivatives. The emergence of more mainstream market infrastructure has made the asset class more accessible for institutional investors, with hedge fund managers such as Paul Tudor Jones and Stanley Druckenmiller saying they include bitcoin in their broad investment strategies. + +So, what are the implications for bitcoin and the nascent cryptocurrency industry? +Hello apes, I do not represent Watermelon Guy, I am simply writing this as a sort of Amicus Superstonk ("Friend of Superstonk") in order to point out to the mods why their punishment violates Watermelon Guy's due process and goes against the sub rules. + +Firstly, here are the Superstonk **Rules**: + +* [The Rules of r/Superstonk](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_the_rules_of_r.2Fsuperstonk) + * [1. No Contacting Mods Directly](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_1._no_contacting_mods_directly) + * [2. No Harassment, Bullying, Doxing, or Threats](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_2._no_harassment.2C_bullying.2C_doxing.2C_or_threats) + * [3. No FUD, Shills, Bots, Lies, Spam, Phishing](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_3._no_fud.2C_shills.2C_bots.2C_lies.2C_spam.2C_phishing) + * [4. No Market Manipulation](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_4._no_market_manipulation) + * [5. Improper Content](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_5._improper_content) + * [6. Help Us Help You](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_6._help_us_help_you) + * [7. Self-Promotion Allowed (with limits)](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_7._self-promotion_allowed_.28with_limits.29) + * [8. Automod](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_8._automod) + * [9. Percentage-only Gains-Loss Porn. No Positions.](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_9._percentage-only_gains-loss_porn._no_positions.) + * [10. No Mass-Shared Content](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_10._no_mass-shared_content) + * [11. No Brigading](https://www.reddit.com/r/Superstonk/wiki/index/rules#wiki_11._no_brigading) + +**Facts:** + +1. A Superstonk user (hereafter, "Watermelon Guy"), said he would stick a watermelon up his ass if GME price hit $200. +2. Mods decided to ban Watermelon Guy for 3 days and give him a perma-tag of shame. +3. Subsequently, mods decided to change the punishment and perma-ban Watermelon Guy because "it's not fair to other users who fulfill their bets." + +**I. Perma-Banning Watermelon Guy Violates his Due Process** + +As seen in the Superstonk Rules, there are no "Proof-or-Ban" requirements. Notice is both a pre-requisite AND an important part of due process. Watermelon Guy must be given notice through some official channel that we are operating on proof-or-ban. More broadly, users of Superstonk must be put on notice that their accounts may be perma-banned for following such and such action. It's fair to say that without notice, we enter into the territory of arbitrary punishments. Additionally, notice must be official. In the same way that you are given notice that you should not trespass in a piece of land where there is a "NO TRESPASSING" sign, so too must you be given notice of what you can get perma-banned for. + +Nothing in the Rules even hint that not proving a bet is grounds for banishment! Some may say, "well we've always done this!" If you are referring to our W5B days, then sure, but the Mods specifically created these 10 Rules in order to keep order. If we look at the actual rules, we can trace a difference in sentiment from W5B. If we look at W5B's current rules: + +1. Content Guidelines +2. Submission should've been a Comment in the Daily Thread +3. No Market Manipulation +4. No Pump & Dump, Crypto Discussions, Schemes or Scams +5. Political Bullshit +6. No Advertisement, Self-Promotion, Fundraising, or Begging +7. No Bullshitting +8. Bad Positions Screenshot +9. No SPACs +10. No Brigading + +Some things are the same, but some are completely different. This signals a shift away from W5B culture and towards our own ape culture. If the defense is that W5B does it, or we used to do it, then add it to the Rules so that apes are aware of the potential consequences of saying something stupid. Watermelon Guy's due process rights were violated because he lacked official notice that his "bet" would get him perma-banned. + +**II. Watermelon Guy's Banishment Violates Superstonk's Mottos of "Ape no Fight Ape" and "Apes Stronger Together"** + +Ape no Fight Ape. Apes Stronger Together. Mods have violated the spirit of our sub by banning an ape from the pack. The whole point of Superstonk was that we are a community of like-minded individuals that like the stock. Mods cannot utter "apes strong together" and perma-ban an ape that did not violate the Rules, and not be seen as hypocritical. That simply shows that the proof-or-ban meme is stronger than this community, and that there is no sanctity within the community of apes. Keep this ape in the pack. Punish him in the pack. But mods are really going to allow an ape to be alone during MOASS? An ape who likely bought and held? An ape who engaged with the ape community? An ape who followed the sub Rules? Ape no fight Ape. + +**III. Public Policy Reason: Apes Deserve a Community** + +Let's not forget the solidarity we so lovingly created during these last 8 months or so. Watermelon Guy has been banished from the community of apes. Imagine buying and holding for months, only to be banished for saying something stupid. We are not W5B, we are apes fighting hedgies bc they're fuk. C'mon mods, zoom out a bit and see what's really important. There have been numerous posts on here talking about a potential DDOS attack and that apes should meet in Youtube comments if that happens, and yet by banning Watermelon Guy, mods have separated an ape from the pack. Not because that ape violated a rule, but because that ape decided that he couldn't fit a watermelon in his ass (a reasonable conclusion, I might add). Bring him back, punish him in a way that does not make us lose an ape in this fight permanently. + +**IV. Mods have Arbitrarily Changed Punishment** + +After the mods convened to decide Watermelon Guy's fate and posted the punishment as a stickied comment in Watermelon Guy's post, they decided to change their punishment and perma-ban Watermelon Guy. This action constitutes an arbitrary bypass of the process and the perma-ban must be vacated in the interest of ape justice. A decision to perma-ban is a solemn one and must be taken with caution and much thought. Imagine a criminal judge handing down a sentence and then saying "nevermind, actually I sentence you to life in prison." By changing their stance so quickly and without much deliberation, mods have acted arbitrarily and therefore harmed this sub. + +**V. The Argument that Perma-Ban is Necessary to Protect "Fairness" is Illogical** + +This argument is not really a "fairness" argument. It's fair to ban someone for violating a rule, it's not fair to punish Watermelon Guy because someone somewhere might possibly make a bet and be peer-pressured to fulfill that bet hypothetically. When we create rules based on what's fair to a hypothetical third party, those rules often become arbitrary and harsh. Due process calls for fairness to the individual being stripped of their legal right. In this case, Reddit runs much like modern court systems: there are arbiters (wort wort wort), rules, and a process for punishment. The focus needs to be on the individual being punished, because their rights are the only ones being affected. Rick\_of\_Spades can carry on his banana-filled (literally) Reddit life the exact same way regardless of whether Watermelon Guy is perma-banned or not. That is not justice, that is a weird kind of revenge. + +**CONCLUSION** + +I, therefore, as a friend of Superstonk, petition for the mods to vacate Watermelon Guy's perma-ban, return him to his community where he belongs, and punish him some other, more reasonable, way, if mods feel like proof-or-ban still holds a place in this sub. What happened to Watermelon Guy could happen to anyone reading this, and I doubt anyone here wants to be cut off from the pack during MOASS for something as antiquated as proof-or-ban. We are no longer making bets, the GME theory is solid and we are simply investing in a stock we like. + +EDIT: u/doom_douche posted a poll if anyone wants to vote. I don't think it covers the issue of perma-ban, only if we should have these posts in the first place. But here you go: https://www.reddit.com/r/Superstonk/comments/pbfdr7/lets_talk_about_bets_and_butt_stuff_what_do_you/?utm_medium=android_app&utm_source=share +Original post: [https://www.reddit.com/r/AusFinance/comments/vyr2qx/im\_gonna\_be\_sick/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/AusFinance/comments/vyr2qx/im_gonna_be_sick/?utm_source=share&utm_medium=web2x&context=3) + +Thanks to everyone who reached out with advice or memes or just to check in. Someone actually called the my bank to ask them a question before messaging me which is a really nice thing to do for a stranger on the internet. + +I haven't slept much since the last post but we're getting somewhere. Three things happened in the last week: + +1. I asked for an extension on the settlement date. It came with a bunch of penalties which the bank has agreed to pay since it's their fault it took 8+ weeks on a single application (win!). +2. Unfortunately, there are many moving parts to this so changing banks last minute wasn't an option. I had to stick with St George due to the nature of some current assets. They wouldn't budge on how much they would let me borrow due to some recent policy changes (what...?). So I went ahead with the application anyway and received the unconditional loan approval. +3. As for being 300k short, I had to borrow it from people I know. Which I did not think I could do. It started with a bunch of awkward phone conversations to people I haven't spoken to in years... "Hey, listen, I'm looking to ***temporarily*** borrow some money. Can you help or do you know someone who can?"Wasn't going well. Still embarrassed but desperate times. A few more calls and I got a weird suggestion. Some context, my family helped a refugee family settle into Australia back in 2003. They came from Iraq by boat during the war. Turns out their son is rich now and him and his business partner loaned me $250k (no interest?!). No contract or anything either... but I wasn't going to question it. Looked him up, everything was legit. Apparently, the money is part of their deposit on building a high-rise apartment block.I sold some assets and added it to my emergency savings for 35k. I had 10k from an insurance pay out come in. And one morning I woke up to a notification that my 14yo sister had transferred me 5k from her part-time job waiting tables (which is really cute). + +So I got the house! + +And now that there are no deadlines, I can start the process of moving titles and assets to another bank that won't be so harsh. Then hopefully borrow the entire amount, pay everyone back, + +and never + +EVER + +do this again. + +EDIT: Lol guys. I didn't scam a teenager out of 5k. I didn't make her get a job at that age to give me money. I didn't even tell her about the situation. She works out of her own free-will at our uncle's cafe. She obviously heard about the situation and did something sweet to help. And it's pretty obvious that I'm going to pay her back first once my next paycheck comes in. + +Also, no pressure to 'believe' the story. The first post was just to vent. This post was by request. It'd be kind of weird if I was sitting at home making up stories to post anonymously. I gain nothing from this lol. Alright bye! +⚡️ ThunderRun - BSC ⚡️ +Play to Earn, with a twist! + +Thunder Run is a Play to Airdrop (P2A) interactive game, starring Chad Thundercock, Elon Musk and Doge! Integrated into the blockchain with our governance token: $THUNDRR. + +This token is used by players to upgrade their characters and increase player attributes in store, ultimately increasing the ability of your character within the game. This is useful to note when competing in our Player vs Player Mode for a chance to rank on the weekly leaderboard and be Airdropped Cash Prizes in our Governance Token. + +💰 TEAM HAVE GIVEN $10,000+ IN PRIZES! +💎 GEM UNDER 300K MCAP! +���� REAL PLAY 2 EARN GAME! +🛡 BASED DOXXED DEVS! +🔮 PLAY AS ELON MUSK! +🎁 WEEKLY PRIZES! +🐶 PLAY AS DOGE! +💪 PLAY AS CHAD! + +The top 50 players of each weeks gameplay will receive governance token airdrops to their blockchain wallets (proportional to leaderboard position). The game will be constantly developed with new characters, challenges, levels, in-store character upgrades and much more! + +⚡️ **LINKS** ⚡️ + +Website: [www.ThunderRunBSC.com](https://www.ThunderRunBSC.com) + +Twitter: [www.Twitter.com/ThunderRunBSC](https://www.Twitter.com/ThunderRunBSC) + +Telegram [https://t.me/ThunderRun](https://t.me/ThunderRun) + +Whitepaper: [https://thunderrunbsc.gitbook.io/thunderrun/](https://thunderrunbsc.gitbook.io/thunderrun/) +Does anyone have any views on whether we will have another short sharp correction at the end of Q1 ? + +I must admit, I rather think we might - the number of businesses folding, distressed sales. very probably reduced or poor 2020 Q4 and early 2021 figures along with rising unemployment & debt. + +I am not at all convinced it will be longer than last year as there ought to be very solid growth later in the year as the economy unlocks. + +Just interesting in any views +Well Apes, ~~here we are at T+35 and the day after T+21.~~ + +Edit: " Here we are at T+21 and the day after T-35" My brain is so smooth! :) + +No news was released and the GME price is up over ~~13%~~ ~~15%~~ 17% at the time of this writing. When does a stock jump that fast and high with NO NEWS? It doesn't. + +Time and again the King Kong Apes with their Wrinkle Brain DD are proven right every time. I am really just happy to be here with my people. Really looking forward to the Annual Ape Meeting fast approaching. Power to the players! 💎🤚🦍 + +&#x200B; + +Edit 2: + +Thanks for awards Apes but please save them for your GME or at the least, to the original DD creators: u/Criand, [u/homedepothank69](https://www.reddit.com/u/homedepothank69/) and all the other amazing DD's that came before! +Successful Pre-sale, less than 6 days old on PancakeSwap!🚀 + +&#x200B; + +**What is the Orion Initiative? Why invest with us?** + +✔️ + +Orion is not a project, it’s an initiative built with multiple applications and purposes. They are in no way a meme coin, but something much more valuable. + +Orion was a brave hunter, and although he faced obstacles throughout his lifetime, he managed to fight through them and become victorious, claiming his spot amongst the stars for eternity. + +Childhood cancer is not fair, the suffering of these young fighters is unimaginable. Yet they show bravery and courage through perseverance. Most of these children do not understand what or why this is happening to them. As they are poked and prodded with experimental chemicals that break their bodies down, they stand strong. These children are the future. Childhood cancer is personal to us, and we will not stop until we find a cure. That’s why 3% will be donated to vetted children’s hospitals around the world, to find a cure to this merciless plague.They are a legitimate 501(c) Non Profit Organization license, so you know the money is going to REAL research facilities. + +✔️ + +The Orion initiative is also building the first exchange with un-rugable liquidity pools as well as token lockers. If a new coin creates a pool at Orion Finance the liquidity will be auto locked for 90 days. If you are serious, and your project is legitimate, you would have found initial resources that are able to fund your creation. The Binance Smart Chain is a great platform with lots of opportunities for the future of finance. However it is being destroyed by scammers coming in droves to take advantage of unknowing investors trying to secure a future for themselves and their families. With Orion platform your investment is safe and secure. + +✔️ + +The Orion finance team has built their business from the ground up with hard work and determination, expecting others to do the same. Through honesty and integrity, Orion Finance will also feature real-time analytics as well as live graphs of all currencies listed on the Binance Smart Chain as well as the Ethereum Mainnet. They will also feature a lending platform where investors can access and be instantly approved to thousands of lenders worldwide. Last but not least, investors will be able to farm and stake the Orion Finance Shilling Token (Ticker: SHILL). Growing with the latest technology, and innovations securing the future for all investors worldwide. + +&#x200B; + +**TOKENOMICS** 👍 + +\- 6% Redistribution to wallet holders on every transaction + +\- 4% to the Liquidity Pool. Slippage = 11-13% PancakeSwap V2 + +\- 30% Burnt Quarterly + +\- 20% Pre-sale + +\- 5% Dev & Marketing Wallet + +\-100% OF LIQUIDITY POOL LOCKED UNTIL 2050, THIS IS LONG TERM STUFF GUYS! + +&#x200B; + +They did not renounce ownership, This term is just a manipulative tactic used by scammers to make investors feel comfortable. The team will continue to publicly represent our community with hands on tactics and growth worldwide. We Will DOXX!👏👏👏 + +&#x200B; + +**-Buy Link**: exchange.pancakeswap.finance/#/swap?outputCurrency=0x2821989877c0189bf63837f18a2856E30297AF70 + +**-Website:** orioninitiative.com + +**-Twitter:** twitter.com/Orion\_defi + +**-Telegram:** t.me/orionfinancial +Let's say a country wants to improve its educational system. Could it just pay the teachers higher wages, to attract more professional workers, and print money to renovate or build new schools? Would that lead to inflation? +I am a highschool senior and soon to be engineering major but as of lately have been questioning what my true passion is. I would greatly appreciate some informational macro economic podcast or even movie recommendations to help me explore the macro economic world, and yes I’ve already watched the big short. +This is pretty much the kind of stuff we usually get— she makes almost everything from scratch. This will pretty much get us through the rest of the month. + +I know I’m very fortunate that I have someone who is willing and able to put in the work to actually cook— not everyone has the time and energy or even skills to do it. + +Before we got together, I ate pretty much nothing but take-out and stuff out of boxes and it’s expensive (in more ways than one) to live that way. +There's a lot of confusion going around, German banks going back and forth. A lot of mis-information and assumptions being made that at this point it's impossible to know who is wrong/right, who is trying to manipulate who. Fingers being pointed everywhere and at each other. It's a mess. + +Can we please get this to the top and ask Gamestop to produce a statement so we, the investors, know what the hell is going on with our shares and money. This isn't about Reddit drama or karma - it's about investor relations with GME and our right to know what is going on. + +It's incredibly important now more than ever for Gamestop to make some sort of announcement whether big or small. I don't care about hearing from Ryan - we just need somebody (preferably Matt) to make clear what is happening. + +Hopefully we can get a clear answer or confirmation Gamestop are looking into these matters with urgency. + +Thanks + +&#x200B; + +EDIT: guys, just want some communication for the people who are being messed around by their brokers - I love the stock and Ryan even more and have absolute faith they will do the right thing :) +I contacted TW to see if they'd match my negotiated rate for TDA. Here's what the chat response was: + +>Hello and welcome to tastyworks. we cannot match their rate (did not know that they have a capped commission schedule). I know that they have been down for the last 2 days (off and on) so I guess the better question would be do the rates matter if you cannot access your account? +Next week we will be flying out to the vacation home of my husband close school friend. We have a house on the same island just 2h away. So we are excited to explore this other side of the island. Our house is beautiful but not fun with kids (and we all still have little kids). + +Prices for renting a house like his, would be 10-20k per week. +We asked for his bank details so we could wire him 5k for maintenance etc. The friend refused to give us his bank details. + +I really want to pay him at least the 5k. +How can I do this without being disrespectful? +Are there any economic metrics on what happens to a dollar if it is left in the private sector versus what happens to that dollar if it is taken by the government (taxed). \[For example, the dollar enters communities and grows to $x, versus the dollar is taken by government which turns into benefits for citizens of $y\]. This is way of asking what the cost of government is on a dollar relative to if it is put into the private sector. + +Bonus points if there is a citation that shows any evidence to backup a metric. +Once in a while, you'll hear the old chestnut of "things were cheaper back in the day." They'll bring up 50¢ soda bottles or $1 for a loaf of bread. + +However, I always wondered, if you adjust all the economic variables that goes into retail prices & wages of your average spender, were things actually cheaper back in the day? +Does this just contribute to the wealth effect - where the increase in value means I would buy more, which ultimately increase GDP…? + +Or does the $500,000 have a direct impact on GDP level…? + +Or both? + +Thanks in advance +First off let me say I appreciate all the love and responses to my posts. Some of you I am now trading with each day and watching as you become successful. That makes the effort of posting here worth it. + +I’ve seen one type of question asked repeatedly in my DM’s so I figured I would try to address it here. + +Some version of - + +*I want to make some extra money day trading, what are some quick ways to start?* + +Or + +*Can I Day Trade part-time? I just don’t have time/ability to do it everyday* + +Or + +*Is there some book/video/resource I can use to quickly get started trading?* + +The answer is, **No**. + +All of these are essentially the same question - *How can I make money with as little effort as possible?* + +And give me all the anecdotal stories you want about how you scalped EYES for thousands of dollars, or that simple set-up you exploit every now and then. I’ll counter those with stories of all the times I left a casino a winner and leave out all the ones where I went broke. + +Here’s the cold, hard truth - *Day Trading is really fucking hard.* + +I’m a successful day trader. I know and trade with several other successful day traders. Many of us gave up really good jobs to do this full-time. Why? + +Because being a successful Day Trader is one of the best jobs you’ll ever have. No boss. Your own set-up. No limit. And most importantly - once you get it right, you **never have to worry about money again**. Just consider that for a moment - as long as you have access to a computer and the internet, you have access to income. + +Ask yourself - how much time, effort, education and experience does it takes to get an average job with a decent salary. How hard do you have to work, the shit you need to put up with, just to have the security of that paycheck? + +If a mediocre job is worth all that education, time / effort. What would you give to have all that without the bullshit? To never be fired. To control your own destiny? Is that worth more effort than just watching a few videos? + +Being a successful Day Trader means you can count on those profits every month. They pay the bills, buy the house you live in and the car you drive. Your family depends on it. That means it’s not variable, you make money - consistently. + +The good news? It doesn’t take four years of college, and then 20 years working up the ladder at some company you hate. + +The bad news? You can’t do this part-time, you can’t quickly learn it and just start trading. There is no short-cut. + +Unfortunately to truly grasp this concept you need to ignore 95% of the crap out there. The “guaranteed” set-ups, the gap and go speed freaks, and most of the moronic indicators. + +Then you need to live and breathe trading. The successful traders I know, you know what they are doing when they aren’t trading? Looking at charts. Setting alerts. Working on their scans. + +To us - **this is our job** + +I have other posts detailing what you should do to get started. But this post is meant to make one thing clear - *this is a commitment*, a major one. + +If someone is suggesting a method to you that sounds really easy - it’s wrong. If you think you figured out a really simple system that makes money - it’s wrong. + +So yes, it can be done. And anyone with a decent brain and dedication can do it. + +It’s also as incredible as it sounds. + +But if you don’t realize that a reward like that takes an insane amount of hard work, you are just going to wind up losing a lot of money along the way. Stick to swing trading, or long term investing. Far easier, and meant to provide *supplemental* income. Day Trading is for people looking to make it their *primary* source of income. Obviously at first it won’t be your primary source, but that should be the goal. Treat it as the goal, and put in the work accordingly. + +Is this just a long post that says - This shit is hard, and takes a lot of work ? Yeah, but based on what I see here, it’s needed. It needs to be drilled into everyone’s head. Too many people are losing money because they are being told the opposite. + +*As usual Trolls will be treated with the respect they deserve - none.* +I hate these mandatory text fields. I'm just going to put garbage here. If I have a 2.5% mortgage, wouldn't I want to pay this off as slow as possible, since I should be getting (and all of my planning) is based off an average 4.5% annual return? + +Why did, for instance Mr. Money Mustache pay off his house so early? + +Don't you get more tax breaks or something if you're paying off your house? + +I suppose I could get rid of homeowners insurance +I'm a 30-year-old professor at an R1 university. My wife and I have around $2M net worth, including apartment (no mortgage). I have an undergraduate degree in computer science and I use my coding chops in my research, although I'm not a CS professor. But the tech compensation in this subreddit and on Levels.fyi has been blowing my mind, and I wonder whether I could be doing something more fun and lucrative if I went into tech. + +The other folks in my college CS thesis group are now senior / staff engineers at FAANG companies, making $400-600k. Meanwhile, I pull in $150k as an associate professor--if my career goes well that will probably max out at $350k or so, and if my career goes just OK that will probably max out ar $250k or so. But people are constantly talking about how tech is taking over the world, while a lot of universities are flailing, especially after Covid. As far as I can tell, I'd be equally good as either a software engineer or an academic. + +I'm struggling with whether to make a mid-career switch back to tech, and what the factors are that I should keep in mind. I'm somewhat guilty of the sunk cost fallacy, since I know if I go back to software engineering I'll have to start back at zero. But I have some friends who've made switches to software engineering (with no CS background, e.g. they went from consulting or law), and they seem pretty happy with their lives (although I haven't directly asked for their advice). But I have no idea whether we're in another tech bubble right now, either. + +On intangibles, I enjoy my job as a professor; but I enjoy software engineering too, so in terms of job satisfaction it's basically a wash. There are things about being a professor that are kind of annoying (committees, grading), but probably less than average compared to other jobs. I really liked living in the Bay Area when I interned there during college; downside is that it's waaaaaay more expensive than where I would live as a professor. But there, too, software engineering seems much more flexible geographically than being a professor, where I'm basically at the mercy of the lateral job market now. + +So my questions are: are my views about tech company compensation realistic? Would it be possible for me to make the switch back now? (I got FAANG offers when I was a college senior but don't know how hard it would be at this point.) Is software engineering not as fun and awesome as I make it out to be? Being a professor offers a LOT of job flexibility, and I imagine I'd be giving some of that up if I went into tech.  + +To be clear, my academic job is awesome and I'm grateful to have it. And my wife and I are in good shape financially and I think I'd be happy in either job. But I want to make sure I'm considering all my options and not falling prey to inertia. + +Thanks for reading and for your comments! +I live in NC and this is a great step forward in teaching youth about finances. I wish we had something like this growing up. Thinking back to my younger self it may not have made sense at the time but at least the seed would have been planted. Hopefully, they don't mess it up. + +&#x200B; + +[Link](https://www.wral.com/bill-would-require-financial-literacy-class-in-high-school/18220300/) to article if you're interested. +Ive been putting money in the markets over the past year and it’s been going great recently.. though a little too great. Also, everywhere I turn, people are talking investments and stock-market, from the business owner to the hardware store clerk to the hairdresser. + +Reminds me of the anecdote of JFK’s dad, who decided to short all his stocks after getting stock market advice from a shoeshine boy. + +There’s a trend growing, maybe driven by the Covid-induced boredom and savings. Feels like things are going to pop.. + +Are any of you cashing out to wait for the windfall, or are you instead doubling down? Just curious. Gut feeling tells me to cash out, but excitement is trying to convince me to keep going +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +&#x200B; + +|Ticker|Market Cap|Stock Price|IV (%)|Next Earnings Date| +|:-|:-|:-|:-|:-| +|GSX - Gsx Techedu|3.64B|$25.81|176%|May 06, 2021| +|GME - Gamestop|10.8B|$155.36|160%|Jun 08, 2021| +|SNDL - Sundial Growers...|1.4B|$0.85|152%|May 14, 2021| +|MARA - Marathon Digita...|3.85B|$39.47|148%|May 13, 2021| +|RIOT - Riot Blockchain...|3.76B|$44.61|148%|N/A| +|DGLY - Digital Ally|86M|$1.68|137%|N/A| +|AMC - AMC Entertainme...|4.21B|$9.35|124%|May 06, 2021| +|CLOV - Clover Health I...|3.89B|$8.62|121%|May 03, 2021| +|FUBO - fuboTV|2.64B|$18.87|114%|May 11, 2021| +|QS - QuantumScape|7.47B|$35.13|109%|May 17, 2021| +|ROOT - Root|663M|$11.12|107%|May 06, 2021| +|WKHS - Workhorse|1.68B|$13.38|106%|May 05, 2021| +|TLRY - Tilray|2.95B|$17.11|105%|May 10, 2021| +|SRNE - Sorrento Therap...|2.14B|$7.54|103%|May 10, 2021| +|SOLO - Electrameccanic...|373M|$4.16|103%|May 11, 2021| +|CODX - Co-Diagnostics ...|255M|$8.96|101%|May 13, 2021| +|LAZR - Luminar|4.15B|$17.64|100%|N/A| +|JMIA - Jumia|3.16B|$32.02|100%|May 13, 2021| +|FCEL - Fuelcell Energy...|3.17B|$9.86|98%|Jun 10, 2021| +|ARCT - Arcturus Therap...|1.06B|$39.93|96%|May 06, 2021| +|BLNK - Blink Charging ...|1.52B|$36.44|96%|May 13, 2021| +|OSTK - Overstock.com|3.54B|$74.23|95%|Apr 22, 2021| +|NNDM - Nano Dimension ...|1.26B|$7.25|94%|May 12, 2021| +|MSTR - Microstrategy|6.44B|$702.30|93%|Apr 27, 2021| +|NKLA - Nikola|4.3B|$10.94|92%|May 04, 2021| +|APHA - Aphria|4.48B|$14.09|91%|Apr 12, 2021| +|CCIV - Churchill Capit...|4.04B|$19.60|90%|N/A| +|PLUG - Plug Power|12.8B|$27.23|89%|May 06, 2021| +|SPCE - Virgin Galactic...|5.54B|$23.30|86%|May 04, 2021| +|ACB - Aurora Cannabis...|1.56B|$7.86|85%|May 13, 2021| +|XPEV - XPeng|15B|$30.80|84%|May 05, 2021| +|GRWG - GrowGeneration ...|2.76B|$46.91|82%|May 13, 2021| +|HYLN - Hyliion|1.51B|$8.88|81%|May 05, 2021| +|IQ - iQIYI|11.1B|$15.27|80%|May 13, 2021| +|AI - C3.ai|6.47B|$66.43|78%|Jun 21, 2021| +|RIG - Transocean|2.13B|$3.44|78%|Apr 29, 2021| +|UPWK - Upwork|6.13B|$49.00|75%|May 04, 2021| +|APPS - Digital Turbine...|6.77B|$75.50|75%|Jun 01, 2021| +|FSLY - Fastly|7.31B|$70.11|75%|May 05, 2021| +|SNAP - Snap|91.3B|$60.60|73%|Apr 20, 2021| +|PINS - Pinterest|47.1B|$76.88|72%|May 04, 2021| +|ENPH - Enphase Energy ...|20.3B|$149.86|72%|Apr 29, 2021| +|LMND - Lemonade|5.4B|$87.76|70%|May 03, 2021| +|X - United States S...|6.09B|$22.62|69%|Apr 29, 2021| +|NIO - NIO|56.3B|$36.04|66%|May 27, 2021| +|W - Wayfair|24.8B|$321.72|65%|May 05, 2021| +|PRPL - Purple Innovati...|2.36B|$35.69|64%|May 10, 2021| +|Z - Zillow|31.6B|$134.45|64%|May 06, 2021| +|APXT - Apex|396M|$11.16|63%|N/A| +|DASH - DoorDash|47.5B|$150.28|63%|May 06, 2021| +|FVRR - Fiverr Internat...|7.75B|$215.26|63%|May 06, 2021| +|MRNA - Moderna|68.4B|$170.70|62%|May 05, 2021| +|PTON - Peloton Interac...|30.6B|$116.26|62%|May 06, 2021| +|HOME - At Home|1.96B|$29.98|62%|Jun 03, 2021| +|HUYA - HUYA|4.28B|$18.07|62%|May 20, 2021| +|ETSY - Etsy|27.7B|$219.26|62%|May 05, 2021| +|PLTR - Palantir|39.4B|$22.36|62%|May 04, 2021| +|CRSP - CRISPR Therapeu...|8.92B|$118.36|61%|Apr 27, 2021| +|PENN - Penn National G...|15.6B|$99.88|61%|May 06, 2021| +|TSLA - Tesla|710B|$739.29|61%|Apr 28, 2021| +|CRON - Cronos|3.01B|$8.32|61%|May 06, 2021| +|M - Macy\`s|5.23B|$16.91|61%|May 12, 2021| +|COTY - Coty|6.9B|$9.06|61%|May 10, 2021| +|FROG - JFrog|4.79B|$51.42|61%|May 11, 2021| +|LL - Lumber Liquidat...|797M|$27.47|60%|Apr 29, 2021| +|RKT - Rocket Companie...|2.55B|$22.16|60%|May 06, 2021| +|BYND - Beyond Meat|8.65B|$137.14|60%|May 05, 2021| +|SEDG - Solaredge|13.3B|$259.30|59%|May 05, 2021| +|ROKU - Roku|47.8B|$378.76|59%|May 06, 2021| +|NCLH - Norwegian Cruis...|6.08B|$28.27|59%|May 10, 2021| +|BB - BlackBerry|4.91B|$8.66|58%|Jun 24, 2021| +|CNK - Cinemark|2.54B|$21.33|58%|May 06, 2021| +|BBBY - Bed, Bath & Bey...|3.09B|$25.82|57%|Apr 14, 2021| +|DKNG - DraftKings|23B|$58.07|57%|May 07, 2021| +|TWTR - Twitter|56B|$70.27|56%|Apr 29, 2021| +|DDOG - Datadog|20B|$90.16|56%|May 11, 2021| +|SFIX - Stitch Fix|3.18B|$46.35|56%|Jun 07, 2021| +|SAVE - Spirit Airlines...|3.61B|$36.90|56%|May 05, 2021| +|TTD - Trade Desk|30.9B|$716.92|56%|May 06, 2021| +|VIAC - ViacomCBS|25.6B|$39.42|55%|May 06, 2021| +|PSTH - Pershing Square...|4.84B|$24.30|55%|May 13, 2021| +|CZR - Caesars Enterta...|19.5B|$93.37|55%|May 10, 2021| +|CVNA - Carvana Co. -|12.9B|$274.03|55%|May 05, 2021| +|NET - Cloudflare|22.8B|$73.99|55%|May 06, 2021| +|TWLO - Twilio|61.7B|$385.77|54%|May 05, 2021| +|CGC - Canopy Growth|10.6B|$27.75|54%|Jun 01, 2021| +|OXY - Occidental Petr...|22.8B|$24.41|53%|May 05, 2021| +|YETI - YETI|7.57B|$87.07|52%|May 13, 2021| +|SQ - Square|109B|$256.33|52%|May 05, 2021| +|SHAK - Shake Shack|4.56B|$116.97|51%|May 03, 2021| +|CRSR - Corsair Gaming ...|2.99B|$33.02|51%|May 06, 2021| +|CREE - Cree,|12.4B|$112.85|51%|Apr 28, 2021| +|ABNB - Airbnb|108B|$178.81|51%|May 25, 2021| +|CHGG - Chegg|11.9B|$92.43|51%|May 03, 2021| +|SE - Sea|110B|$252.16|50%|May 17, 2021| +|EAT - Brinker Interna...|3.13B|$68.77|50%|Apr 28, 2021| +|LYFT - Lyft|20.3B|$63.64|50%|May 05, 2021| +|FEYE - FireEye|4.88B|$20.42|50%|Apr 27, 2021| +So we are renting a single family home in Colorado and we just got a series of texts from the tenant telling us that the property is overpriced and not finished. They said there was a small leak in the main shower and a light that is flickering, which he said might be the bulb. They also said there is a small gap where the garage meets the concrete. I told them I’d be out tomorrow to address the issues but that didn’t seem to satisfy them. They toured the place twice and knew what they were getting; my wife and I pride ourselves in being responsible homeowners and this feels shitty. Do we just deal with this for the next year or is there a way to get them out? We told them we'd release them from the lease but I don’t know if that's the right course of action either. + +I’m looking for some advice from others that have more experience. Thanks in advance! +**TLDR:** How the MOASS could play out. At least read "Day 1". + +**Day 1:** You wake up and 1st thing you do after getting rid of your pee boner is check your favorite stonk price. + +**It's at $101,352. WTF? Must be a glitch.** + +**You check Reddit - It's down** + +You check the ticker price again on your phone and on a different site on your computer. **The price is now $198,567.** WTF? You've now gone from 6 to 9. + +You check Youtube Gangnam style and Wu-tang CREAM - **Mass confusion**. Shit posts everywhere. Nothing but people asking if the ticker price is right. People are saying they just sold all their shares and made $20million. Your phone says the **price is now $330,298.** + +You check Twitter - some of the ape handles that you love & trust. **Mass confusion**. Gherk, Dave, Bucky, Red, Pink, Buttfarm. **Some say they cashed out and MOASS is over.** You'll later find out that every single one of them were hacked by SHF shills. But you panic and check the ticker price. **$97,083 and dropping fast. Holy fuck. Did you miss it?** + +**No.** Look at the volume. 110million shares traded so far today. Not nearly enough. Clear your head and compose yourself. Take a deep breath. Grab some breakfast, grab a glass of water, and log into your broker/CS accounts. **This is it. The MOASS is actually happening.** + +Redditt is still down, google is acting funny, you even occasionally get booted out of your broker account. **Mass confusion. Shills everywhere you look.** **Many paper handed bitches selling in the 6 figures.** + +**Day 2:** You call in sick and watch the ticker all day. **VIOLENT ticker moves up and down. $50k to $500k swings.** There's many times where you think "fuck, if I sell now I can retire. I can retire my parents too". But you don't. **The price ends at $487,562** and then instantly starts dropping again hard AH. + +**The MSM is reporting everything from glitches to terrorist hacks to calls for apes to be hunted down and thrown in jail for market manipulation.** + +**Day 3:** Your erection keeps you up all night, but you wake up early the next morning and are ready for the morning bell. It opens at over $1million, then roller coasters all day again. **The price closes at $2,274,350.** **Reddit is STILL DOWN!** You are pretty much in the dark now as there is nothing but the ticker and **MASS confusion.** + +**By now the world knows what's happening. The few people you've told about GME are calling you**, even knocking on your door screaming at you to sell your shares right NOW! You ignore all of them. + +**Day 4:** **You sell 1 share** in your broker account for over $4million because your Mom needs a life saving surgery. You're still holding your other xxx with diamond hands though. **It's game time. You've been preparing for this for nearly a full year now. Every day. You've read the DD, you know what to do.** Calmness and euphoria begin to set in. You call your boss and give them your 2 weeks notice. You never have to work again. **The price ends at $8,129,472.** + +**Day 5:** **Reddit is finally back up but it's a shill factory.** Everything from "here's my new lambo" posts to "HOLD THE LINE!!!" posts to "It's over!!! Sell now!" every time there's a dip or lull in the price. Even some of the most trusted people on here are saying to sell. Hacked? Shills all along? Paper handed bitches? Who knows. Who cares. **You realize though that those dips/lulls are just transitions from 1 SHF to the next getting liquidated.** Another SHF is going to be up on the chopping block next, and sure enough. BAM! Million dollar price increases again in the afternoon. **Volume hit over 100mill shares for the 5th day in a row.** Apes are trying to calculate how much volume is left before this is all over. No one really knows though. Cramer has a heart attack on air. **Price ends at $6,400,693. Fuck, is it over? Nah, it can't be. In Apes you trust.** + +**It's the weekend. HOLY FUCK. You're life has changed.** Your whole life is one long weekend now. Same with your parents, your family, even some of your close friends. **You have 'fuck you' money now if you sold, but you're not selling yet.** You sift through the shills all weekend to get as good of an idea of major events as you can. **Still no word on an SHF arrests though.** + +**Day 6:** The price opens at $39,998,331, and steadily climbs all day. A few multi million dollar dips, but it doesn't phase you. **Price closes at $65,989,455.** + +**Day 7:** **The price crosses the "GMEFloorPrice" of $75million.** You start to think about selling a few shares. **You sell 10% in your broker account** when it hits $80million, but it keeps climbing. You start doing the math on how many millions of dollars you've just missed out on and it ends up being over $50million. Whoops. **Price closes at $87,577,110.** + +**Day 8: The whole world stops when the price crosses $100,000,000.** You've got FUCK YOU money now, so you're hodling for the rest of the little apes. Price closes at **$125,450,999. Phone number territory.** + +**Day 9: Price peaks at $xxx,xxx,xxx** (I'm not saying an exact # so I don't get called a shill myself lol), **and starts to decline fast. Apes are finally selling. Volume is over 2 billion!!! Time to sell? Maybe. You sell 10% of your broker shares throughout the day.** You're now a billionaire. You also see on the news that 18 HF's have been raided for illegal activities. Ken G and Steve C are seen getting carried away in handcuffs. **Price closes at $92,209,433.** + +**Day 10:** **Volume back down to 100mill, but the price is pretty stagnant in the $80-$90million range. You sell 50% of the remainder of your broker shares.** + +**Another weekend:** You start making arrangements to protect your money, and tell your loved ones they are set for life and that you'll explain later. + +**Day 11: Volume and price declining FAST. Price closes under $50million. You still have nearly half your broker shares though. Fuck. Actually, who cares? You're a billionaire.** + +**Day 12: You sell the remaining broker shares you have at $25,420,069. You still are hodling your CS shares. You're never selling those. And that creates a huge problem for the SHF's, Clearing Houses, DTCC, and Gov't.** + +**Day 13-365:** The price remains in the 8 figures as the MOASS unwinds, governments start inquiries, more arrests are made, industry wide sweeping changes are being called for. All the people that laughed at you for buying Gamestop shares are now sucking up to you and telling you how "lucky" you are. + +There's still shorts outstanding, but diamond handed apes barely touch their CS shares. **You did it. Well done Ape. Now go enjoy your life** and if you ever see DFV, give him a big ape-hug for changing not only your world, but the entire world. + +&#x200B; + +EDIT1&2: Wow, thank you all for the awards. I'm trying to thank anyone, but if I miss you, I'm sorry. Cheers everyone. HOLY MOLY! This is nuts. I'm glad I've entertained you today. Cheers everyone and thank you! + +EDIT 3: I also got my very first 'concerned for my health' messages from Reddit! What a milestone lol. I can assure you, I love my life and would never consider harming myself or others. +The russia war with ukraine is terrible, but the financial aspect is fascinating to me. All these companies are stopping their business there (although I think they will start back up as soon as it ends) and the value of russian stocks traded outside of russia have plummeted. With china backing russia, I think china stands to gain the most. China can buy up russian companies on the cheap since they are not subject to the sanctions. Chinese companies will move in to take over for all the foreign companies who pulled out (ie apple halting sales in russia and they are still going to need phones, so hello chinese phone makers who use android). I suspect russia will be very slow to go back to using non russia/non Chinese companies after this (ie why would they go back to visa/mastercard after the rug pull when they can’t trust them as business partners). What are your thoughts? + +My reason for posting this in value investing is that I wonder if my china benefitting thesis could provide a floor to the value of russian securities and thus make them good value plays. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +*Sometimes plans go wrong.* + +In 2007, I was 22 and I lived to watch my portfolio grow. Then everything took an awkward and unexpected turn in the form of years of unemployment and underemployment, some intermittent homelessness, and naturally the loss of my entire portfolio. + +I can *finally* say that I have recovered from 2007, paid down my debt, and have saved $1000 to work with. Awkward time to come around, huh? + +This morning, after finishing third shift, I sold to open 1x GE 05/08/2020 6.00 P for $22 and then I cried. Finally, paying myself again instead of someone else. +This is from a study by Hedrik Bessembinder. He looked at approximately 26,000 stocks between 1926-2015 and found that over half the wealth was from just the top 86 stocks. + +So my question is (and I'm no expert) that this flies in the face of those who say the FANGs take up too much percentage of the S&P 500. + +Instead of buying an index, shouldn't we (or our active fund manager) be looking to buy the best and strongest companies? + +"The author estimates that $32 trillion of wealth (returns in excess of Treasury Bills) was created between 1926 and 2015 via the approximately 26,000 stocks that have appeared in the CRSP database during that time. **Of these 26,000 stocks, only 86 of the top-performing stocks (less than 0.33%), were collectively responsible for over half of the wealth creation. And the top 1,000 performing stocks, less than 4% of the total, accounted for all of the wealth creation.** The other 96% only matched the return of the one-month Treasury Bill with many of them producing less" +Welcome to Burn1! +Burn1 is a DeFi community governance token focusing on Cannabis reform advocacy, Cannabis Products and NFT’s. + +Founder is doing AMA’s daily- 3PM EST or 9PM EST- + +Big news this week- +CoinGecko listing is finally live, Burn1 Team is fully doxxed (on website), they hired Gregg Steinberg (look him up and I dare you not to freak out), Founder is creating viral TikTok videos (very informative), brand new website is online, most importantly made their first donation of $12k to Last Prisoner Project + + +What we’ve done so far- + +✅ Passed Techrate Advanced Audit with Flying colors! + +✅ Released a Burn1 Swap App to streamline purchasing process + +✅ Partnership with High Society Franchise in Europe (150 locations) + +✅ Fair launch- May 7th 2021 + +✅ Medium Article Released- “The Taxonomy of Crypto- As seen through the eyes of a biologist” + +✅ Burn1 Stickers Available at Dispensaries across US and Europe + +✅ Doxxed Team + +✅ Burned 514 Trillion Tokens already! (initial circulating supply= 1 Quadrillion tokens) + +✅ Listed on CoinGecko and CoinMarketCap + +✅ In discussion with 3 Growers in NE USA regarding NFT projects and Burn1 products. + +✅Partners with Last Prisoner Project + +✅ Working with leaders of Cannabis Industry to market Burn1 to the masses + +✅ Social media Campaigns in full swing + +✅ StockTwits Ticker is up! + +✅ LLC is being written as we speak! + +✅ 6,800 holders as of this writing! + +✅ #2 Top Gainer on CMC- over 600% gains in one day! Twice!!! + +✅ Liquidity is Burned + +✅ ATH $5.8M MC + + + +🔥 ‘Toke’nomics- 🔥 + +Each transaction is taxed 10% + + • 7% Given back to community holders – We believe this project will be a long term project that is why we want to reward anyone who stays for the ride with us  + + • 1% Sent straight to liquidity- With guaranteed liquidity it will make the coin easier to trade.  + + • 1% Burned away forever- Once again if you’re here for the ride we want your coins to become more valuable to you, by decreasing the supply over time this is how we can accomplish that  + + • .6% Sent to Marketing/Dev wallet - + + • .4% Sent to a Charity wallet for charity donations- + + + +🔥 Social Media Info 🔥 +Telegram +https://t.me/Burn1Coin + +Twitter +@Burn1coin   + +TikTok +@Burn1Coin + +Facebook +https://www.facebook.com/groups/790599804898216/ + +Instagram +Burn1Coin + +Website +https://www.burn1.today/ + +Reddit +https://www.reddit.com/r/Burn1Coin/ + +Discord +https://discord.gg/B3VCQsUr + +Youtube +https://www.youtube.com/channel/UCnoZGNBz_D90E9NbNj66Rbw + +Contract- 0x07e330a210b8128c7b32476704c3052cd8c10e5b +How much does it cost monthly/yearly to employee a personal chauffeur or butler? +- Do you justify this expense, because you are more productive not having to drive daily? +- Andddd what car do you get driven around in? +I see this allllll the time on Instagram now, these snake oil salesmen running some sort of scam. Let me know what you think about this kind of thing, I could be off the mark and they might actually be amazing. But to me, it looks like complete BS. Here is an example: instagram(dot)com/milllsy?utm_source=ig_profile_share&igshid=13jhe1gtnfcfe + +This started out as a jokey guide I wrote when bored, but it actually pisses me off how much I see this. + +**Step One: Pick a Niche and Set Up An Insta** + +Pick a niche first. Some examples are forex trading, dropshipping and binary options. Then create an Instagram account. Something like @dave_does_fx will do. + +Be sure to include cool emojis in the bio such as dollar bills or the globe to show you have money and travel the world! + +**Step Two: Create That Lifestyle** + +You need to create an image of yourself that will attract people who want to make money fast and never actually do any work in their lives. + +To do this: + +*Step 2.1 - Rent stuff.* + + First off, you need a car. A Lamborghini is an optimum choice, with a GTR and an R8 a close 2nd. Costs around $800 for the day, probably even less if you are a good boy on the road. + +Next, you need a crib. Airbnb will do the trick. https://www.airbnb.co.uk/rooms/15740766?location=Los%20Angeles%2C%20CA&adults=2&children=0&infants=0&check_in=2018-11-13&check_out=2018-11-14&s=SdtPtVkq - This one will do, £400 per night. + +*Step 2.2 - Optional Step* + +This isn't a must but definitely helps make you more money from home. Buy some fake money. Get a big fat stack of it, the best picture is to hold it in front of your Lamborghini steering wheel with the caption "withdrawing this week's profit". + +Again this is an optional step, but a good one. Rent some hot models. These babies cost about $20 per hour and really add that *I'm the Wolf of Wall Street* vibe to your page. Fill your car and your fancy apartment with them, I think you can get 2 or 3 in a Lambo. + +**Step 3 - Photography** + +This is my personal favorite step. You need to take as many pictures as possible, enough for a couple months of daily posts. Pose by the car, get different girls to pose by the car. Chill by the pool with a cocktail (post the caption "I Love Monday Mornings" for bonus points). Take pics of your fresh crib. Do whatever you need to do in order to look rich for the day, make people believe you are living the lifestyle, even though you aren't... yet. + +**Step 4 - The Offer** + +Now you have the content, you need the offer. I'll stick with the forex trading example for this as well because I like consistency. + +There are a few offers you can choose from. The first and most popular is creating a course. You need about 1-2 hours worth of content for this, and you just have to act like you know what you are on about and post some **cough fake cough** results to show you are 100% legit and 100% real. Watch a few youtube videos and just put that into a powerpoint, you might actually have to do some work here, it could take a few hours even; but once done you can sell it for $199.99 (reduced from $499.99) and they won't even realise it was stuff they can find online for free. + +Another offer is a sign-up bonus. You partner with a broker and offer your client an incentive for using your link (like they can copy your trades or something like that). The broker will either pay you a lump sum for every referral, or sometimes even pay commissions for every loss your client makes. When the client asks why they keep losing, you just ensure that you have to lose before you win, or something like that. + +I have also seen methods like hiring a trader to recommend you trades and then passing these on to the client and taking 25% (or however much you want to ask for) of their profits. Of course, you aren't putting on the trades yourself so it doesn't matter if they lose. Great leverage! + +**Step Five** + +This is probably the hardest step. You will actually have to get some clients results in the first few days. Why? So you can post them on your insta account and showoff your happy clients of course. Usually, the numbers I see are around £50 profit in a week (definitely enough to pay for your lavish lifestyle!). Never post the losers, and be sure to delete negative comments as soon as possible. + +**Step Six - ADVERTISE** + +Use FB ads to promote your instagram account. Use pics of your fancy crib and car with CTA's like "Make Money Online Fast Today" - target people with interests in entrepreneurship, or better yet, hire someone on Fiverr to do it for you! People will start following you because you seem to have such a rich lifestyle and they want to emulate that. You convince them it is easy if you follow their advice and voila, make that money. + + + +EDIT: It's been 6 months and nothing has changed. + +I am successfully mining ETH for GME. Everything that was said in regards to me wasting my time was FUD. My miner is accepting GME's NFT program's wallet address and mining Ether into it with zero reversions! + +I noticed the disgraced Superstonk ex-mod "Madie" has tweeted in response to my Ethereum mining post, attempting to debunk it. The contract address Madie uses in this post is not a wallet address, and thereby will obviously not work. + +&#x200B; + +[Madie falsely debunks my ETH mining post intentionally using the wrong code](https://preview.redd.it/fxmzs4kmzvb71.png?width=611&format=png&auto=webp&s=5441c5389852837a9a3daf3e61280101dbf57dfc) + +The address she uses is not a wallet address. It is a contract address. Anyone who mines would know that. I doubt Madie mines at all. GameStop's wallet address is: [0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad](https://etherscan.io/address/0x10b16eede03cf73cbf44e4bfffa3e6bff36f1fad) + +You can see that this address is the same one used in my post explaining what I am doing: + +[https://www.reddit.com/r/Superstonk/comments/ojeygl/im\_relatively\_sure\_ive\_been\_gpu\_mining\_ethereum/](https://www.reddit.com/r/Superstonk/comments/ojeygl/im_relatively_sure_ive_been_gpu_mining_ethereum/) + +I am now entirely sure that I am successfully mining ETH for GME. I challenge anyone to plug this address into their miner and tell me it is not working. I wasn't suggesting anyone follow me down this rabbit hole before, but I am now. This is 100% working. + +\*\*Keep in mind that you will not be able to claim anything you mine to this address. Consider any Ethereum mined to this address to be a donation.\*\* + +Love all Apes. We're not fucking leaving! +Hello there guys, I have done some research but I would like to know what is your favorite monthly dividend stock? I just started at 23 last month and would like to educate myself further. + +Thank you! + +Edit 1: Wow! There’s a lot of you who love $O. I just bought 3 shares today. + +Edit 2: Thanks for all the wonderful answers! It’s time for me to sleep so here are the top voted dividends: O, QYLD, JEPI, ORC, STAG MAIN, GAIN, AGNC, SPHD, GLAD. +Where are all the normal people? + +Everyone here seems to be earning crazy money or getting huge lump sums of cash from somewhere, where are the rest of us who'll never earn more than mid 30s at best and having four digit savings (if any) by thirty? +I’m 15 and I’ve never had a job. I want to retire early, about 35, I wanted to ask some questions. + +When and why did you become a landlord? + +How much money did you start with? + +What education did you have when you started? + +What job did you have when you started and has it changed? + +How many properties do you own and how did you afford them? - I mean was it savings from your job or from rentals etc. + +Biggest challenges you faced. + +Things you wished you knew before you started. + +And was it worth it, do you have any regrets. + + +I’m hoping your responses will help guide me as you have walked the trail and I’m just beginning. +Any further advice would be appreciated. +My check comes in tomorrow and I still have more than $10 in the bank, AND $23 in savings. This is the most I've had the day before payday in all of 2019. + +Thought I'd celebrate with people who won't judge me negatively for only having $10 today. +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). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +[https://www.theverge.com/2020/10/9/21508964/microsoft-remote-work-from-home-covid-19-coronavirus](https://www.theverge.com/2020/10/9/21508964/microsoft-remote-work-from-home-covid-19-coronavirus) + +"Microsoft is allowing its employees to work from home permanently. While the vast majority of Microsoft employees are still working from home during the ongoing pandemic, the software maker has unveiled “hybrid workplace” guidance internally to allow for far greater flexibility once US offices eventually reopen." + +EDIT: the title should be “MSFT letting SOME employees work from home permanently.” +My partner and I have been together 9 years. He honestly took forever to propose, and now that he has, I was so excited to plan our wedding. + +We're now 6months out from the wedding, and I'm absolutely stressed and terrified about the cost. I don't come from money, and neither does he. His parents offered us $1000, my family has offered nothing, so we would be paying for it ourselves. + +Despite doing everything I can to have the wedding I want at the cheapest possible price, I no longer think we can do it without going into debt. Right now my estimated all-in (with tips and such) is just under $20k. In the world of weddings... that's so cheap! + +The biggest contributing cost is that my venue is a bar with a food/bev minimum of $9k. And with rising food costs/inflation, I'm assuming I can't feed/drink the 100 guests for that amount like I had planned. + +If we cancel now, I would receive my vendor deposits back in full. None of our bridal party has purchased their outfits yet. Only one person has booked the flight so far. Like if we cancel now, no one loses out financially. + +My partner wanted to postpone a year, but the reality is, our entire friend group wants to get pregnant next year (literally everyone is waiting until after our wedding), and both of our parents are old/not in good health, so I feel like there's a chance they would no longer be around to see the wedding. + +We'd still get married, we'd just go to the courthouse and take the money we've saved so far to go on a trip together. + +But I really wanted the wedding. I realllyyyy wanted the wedding. But when we started planning it, I had a financial plan. Now I'm worried that layoffs could be coming to my big tech company (re: look at twitter, Meta, many others), which would further jeopardize our financial security. + +I dunno. Is the memory, party, excitement joy, worth the debt. Or is financial security and a better foundation for the future the right idea? Do we only live once, or do we live a better life later because of today's decisions? + +I'm so upset and conflicted. Any advice or thoughts would be lovely. Please don't be mean though, I'm fragile today. + +Thanks! +Jim Sinegal founded Costco and grew the business from scratch into the $195 billion revenue juggernaut that it is today. His company is among the top 10 largest by revenue, yet his personal net worth stands around a measly $1 billion. + +I find this unusual as he has all the makings to be one of the worlds richest people. An original founder of a company with a $250 billion market cap. Meanwhile Larry Ellisons net worth exceeds $100 billion although his company Oracle is much smaller in terms of revenue. + +How is it that some entrepreneurs maintain large ownership of their companies while others don’t? +Jim Sinegal founded Costco and grew the business from scratch into the $195 billion revenue juggernaut that it is today. His company is among the top 10 largest by revenue, yet his personal net worth stands around a measly $1 billion. + +I find this unusual as he has all the makings to be one of the worlds richest people. An original founder of a company with a $250 billion market cap. Meanwhile Larry Ellisons net worth exceeds $100 billion although his company Oracle is much smaller in terms of revenue. + +How is it that some entrepreneurs maintain large ownership of their companies while others don’t? +I've been reading about how rising treasury yields signal downward pressure on higher risk stocks. My understanding is that this happens because the less risky asset (bonds) become more compelling as an alternative to stocks. + +1) Why didn't it work this way in the past? + +2) Why isn't the pressure on Blue Chips - since they are more similar to Bonds with respect to investment strategy. + +3) Why is the 'velocity' of change such a big deal? + +Thanks for any insights! +Greetings apes, + +I am working on my next DD currently. This one is going to be VERY data-focused (sadly this means it will take longer than usual). Many of you beautiful creatures have messaged me in the past saying that you are data scientists, coders, etc., and have offered to code things for me. Because of the sheer amount of messages that I've received and responded to, I literally cannot locate your messages (trust me I've tried for like the past 30 minutes). So if you are a data scientist, coder, etc., and would be willing to code something for me, please message me (even if you aren't one of the people who messaged me before)! Thanks, apes, hopefully, I'll be reporting back soon. +Introduce a foreign buyers ban or restrict financialization of housing market? Whatever it is will crash housing market but a three majority gives them time. +[Trudeau and Jagmeet target REITs](https://www.bnnbloomberg.ca/trudeau-s-power-sharing-deal-targets-housing-costs-bank-profits-1.1741062) +the biggest reason for economic growth are the right instituons, but all of those countries are democratic countries with similar laws and opportunities, yet German people are like twice as rich. The only difference people give me on why Germany is richer is that they're more productive. + +poorer countries should grow faster than rich countries, so what's stopping Czechia and Poland to adopt the technologies and working procedures that makes Germany more productive? +I'm totally lost on this topic... for example, South Korea has a very strong economy, but the S.K. Won is worthless, while the economy in my home, Hungary, is crumbling, but a HUF is worth 3 Wons. + +How even? Hell, the Venezuelan economy is basically gone, last I heard they had hyper inflation, and their currency is still worth 70 HUF + +If a currency's value is completely detached from the country's economy... then what determines it? +We’re not. Plain and simple. Anyone who frequents WSB knows this. + +This means whatever media source is indicating this to be the case is a sellout and their credibility should be in serious question since they either 1) don’t do their due diligence, or 2) are okay with getting their strings pulled to be used as tools by the wealthy to manipulate masses. + +If there was any doubt of these hedge fund’s influence and manipulate, this whole “WSB going silver” just put that conspiracy theory to rest and only does more to confirm that the game has always been rigged against the average person. + + + +**Edit:** You know what would be AMAZING?? This was an idea already thrown out there, but if the mods could use twitter (and by pinning a statement on this subreddit) to invalidate the silver BS... That would be SUCH a great fucking move. Maybe a message like **"There is no sentiment among WSB members to buy SLV stock and the little that exists is under scrutiny of WSB members"**. That would just slam the door on any sources propagating that false information and call them out on their BS (because it's just so obviously untrue). It would also make it clear for those checking the credibility of this fake news that the silver hype is a fabrication by variables outside of WSB and inform them of how convenient it is for hedge funds if people pulled from GME, and supported a stock they own massive shares of. + +This goes without saying that I'm holding GME till the very end. Given how the media and some brokerages have gotten involved (and in a not so subtle way that benefits the hedge funds), it's not even about the money anymore. And that's coming from someone with student loans who stands to profit by exiting right now. Money comes and goes, but getting to witness firsthand just how rigged the system is and knowing **who's** involved in keeping people in line is just something you can't put a price tag on. +If you have the habit of getting someone withdraw money for you using your ATM card, be warned. If something goes wrong during the transaction, you will lose the money and the bank will not be responsible for it. The sole reason being the fact that you have shared the PIN, which is non-transferable, and hence violated the norms the bank had set for card users as no person other than the account holder should use it. + +https://facelesscompliance.com/13331/husband-cannot-use-wifes-atm-card-sbi +Since the last November Bittrex suddenly changed my account to "New Account" and disabled withdrawal without notice in advance. I had also tried numerous times of their failing "automatic advanced verification procedure". A ticket had been opened for two months and I had waited patiently, till when I had to write an email to inquire the progress, to which they did not even bother to reply at all (not even a bot message). + +Firstly, unlike Poloniex, Bittrex did not notice its customers who had been able to withdraw before, that they would disable withdrawal completely without advanced KYC. Secondly, they should have allowed people to withdraw the remaining funds prior to the new policy taking effect. + +In comparison, I was notified by Poloniex that they would disable further deposit without Advanced KYC but only allow withdraw the remaining funds in the account. +They also warned that current Adanced KYC procedure may take weeks. I submitted the required document a few days back, I was happy that it took actually only 3 days to complete mine. + +I read months back there were people creating telegram group with people having this issue but did not join thinking Bittrex would solve this sooner than say two months. Now it has been three months with about 100.000 dollars sitting in Bittrex exchange and there is no reply to ticket/mail at all. + +Advice is greatly appreciated. + +Edit: Thank you all for the upvotes and advice. 1. I was/am not involved in any p/d group. I would not even mind if they complain about that with me since I am all clear. 2. I'm not a US citizen so not too familiar with suing at the moment. I will look further if it can not be solved more peacefully. +Edit 2: Thanks again. I also wish everyone with similar situation have their way out. Will update when and how it is solved. + +Update: This is resolved by someone requesting the ticket no. in the comment. I pmed him the no. My ticket was then resolved in less than 2h after the pm. My account summary shows "Enhanced verified" now. Tried and confirmed also that withdrawing works. +I was going to show his reddit id here since he had commented, but it seems he has deleted that comment, maybe not wanting his inbox spammed with ticket no. So I think I should not do it. He has bunch of bittrex support comments in his profile, maybe search for them to get to him. His id is very short. +Lastly, this is not the way to get support. Check Bittrex's twitter and everywhere you'll see there are still tons of people having this account verification issue not resolved, and can't even reach support. +Thanks again for the support. People might also try arsonbunny's method below if their ticket keeps getting ignored by exchanges. Let us know how that works as well. +This is not good for anyone in this group… + +[Canadian Dollar no longer tied to oil price](https://globalnews.ca/news/8666316/canadian-dollar-oil-prices-inflation/amp/) +April 18th has passed, so the posts have died down a bit, but let this post serve as a reference for the future. + +Got a tax question? Talk to a tax professional. + +Seriously. + +Everyone's tax situation is different. What works for one person may not work for another. Tax is an area where law and accounting interact. It does not fully belong to either. + +How do I know all this? I'm a tax professional who has been in the business over a decade and done 10s of thousands of tax returns, and save clients about 30 million a year in tax overall. No, I don't want your business. The vast majority of you are giant pains in the ass (but in a lovable way). It's OK, I understand. I was once an engineer myself. But I've reformed. + +Now, there are different roles in the tax world, and I will walk you through some of them to help you make more educated decisions. + +**Tax preparer** \- this is the person who is actually filling out the forms. Tax preparation is a *relatively* low value skill. It's sophisticated data entry. It does need to be done correctly and accurately though. + +**Tax attorney** \- this is a lawyer who specializes in tax matters. It could be lawsuits/audits against the IRS. It could be crafting tax policy. It could be dealing with local zoning boards for businesses. It could be creating trusts. Tax attorneys are involved in lots of things at a high level and fees are going to be correspondingly high. Average Joe is probably never going to interact with a tax attorney in his life. fatFIRE John might though, depending on what sorts of things he is involved in. + +**Tax planner** \- this is actually what most of the posts are asking about. How do I pay less in tax? That's a tax planner's bread and butter. A tax planner's job is to look at your current situation as well as your future plans and come up with a combination of strategies to lower your overall tax burden. There is a good deal of specialization in tax planning as there are carve-outs in tax legislation for all different kinds of things. Random example, restaurants have a tax credit for actually paying their tipped staff's FICA contributions. That doesn't apply to anything else, but if you own a restaurant you're going to want to know about it. So if you are a restaurant owner, make sure you talk to a tax planner who understands the restaurant industry. Fees tend be on the higher end of middling here (mid 4-figs to mid 5-figs in most cases). But any tax plan should pay for itself many times over and that savings should be demonstrable. + +*These categories are not mutually exclusive*. A tax attorney might also prepare taxes. But when you are trying to figure out who to talk to, keep these roles in mind. + +Some FAQs: + +Q: **how do I find one of these people?** \- most important question + +A: Like any professional service, referrals is the best way. More specifically, **referrals from people in your type of situation**. The needs of a someone making 500k W-2 and investing in vanguard funds is completely different from the needs of someone running a business making 500k in total owner compensation. + +If you can't get referrals, probably your next best bet is to find some candidates on LinkedIn and talk to each. Everybody has their own style of communication and methods. You need to be on the same page as your tax pro when it comes to how you communicate, how often, what the expectations are, and so on. + +Note: this might be next-best, but it's a significant step down from good referrals. + +Third best, check with industry groups like NATP and NSTP. They'll have indexes of members in good standing. + +Q: so-and-so is a CPA and said such-and-such (OK, that wasn't actually a question) + +A: See above roles in the tax world. CPA (certified public accounting) actually has little to do with tax. But over the years there has been a lot of conflation of terms because 1, people not in the business don't know what they are talking about, and 2, a lot of CPAs also do tax work. What role is this person fulfilling? If they are just doing tax prep then they probably are not aware of tax planning opportunities. They also aren't going to be representing you in tax court. Make sure you know what kind of professional you are talking to. + +Q: I'm a highly paid SWE, what can I do to save on tax? - most common question + +A: Again, talk to a tax planner. But recognize that you are the milk cow that supports the farm here. A highly paid employee is in the worst tax position. Still, given your skillset it is often worth the tax hit to make the income that you do. + +Especially since Trump's 2018 tax reform (TCJA) the *vast* majority of tax planning opportunities has gone over the business side. Sure, you can still do a DAF or max out your qualified plans, but generally you are going to be nibbling around the edges of your overall tax liability. If you become a highly paid employee and get involved in some kind of business, your options expand. + +Q: How much should I expect to pay for tax work? + +A: Depends on what you are doing. Some firms charge by the form, some charge by the hour, some charge flat rates, some pick a number out of the air depending on what they are feeling they can get from you. For fatFIRE types, you're probably going to be spending in the 1-5k range in most cases for the actual prep. More if it includes other services like bookkeeping, planning work (much more), etc. + +Q: What about this one specific question I have about my taxes? + +A: It depends. It depends on how everything else in your tax life interacts with that one thing. That's why you need to talk to a tax professional who can get the whole picture. + +OK, I feel better. +I’m so in love with the investment philosophy of Ark, and the companies they choose, but I’m hesitant to go all into one firm. + +So do you know of any other actively managed ETFs that seek to track disruptive innovation? + +I’m also interested in passive indices, if the benchmark they track is unique and focused on innovative technologies. + +Thanks for any suggestions. I’ll look them all up. +Experienced investors and traders, I call upon you to help answer these questions and maybe start a little discussion: + +1) What are the biggest disadvantages of investing in ETFs instead of the same individual stocks? + +2) What are the biggest advantages of investing in ETFs instead to the same individual stocks? + +3) What are the biggest mistakes you've made/hardest lessons learned regarding ETFs since you started investing? + +4) What is one random and/or recent ETF you've been excited about? +If you give me some sort of top 50 or 100 cryptos ETF, to slowly do DCA and not having to worry about which crypto is the next thing, as the ETF will just catch it, I'll definitely buy it. + +Would compose my portfolio like this +70% of any world index ETF +20% crypto etf +10% bonds etf +I'm cashing out about 3000 ETH and buying a classic lambo. My prediction is that in two years when ETH prices equal moon there will be such a demand shock in the lambo market that the price will skyrocket. + +I'm buying a lambo and hodling +So, i tend to post my trades on tradingview so i can look back on past trades, and many people have commented saying 'you need to wait for confirmation'. I like my trades to have a high risk reward, so i prefer precise entries and would rather take a small hit than enter a trade late. However, ever since i started learning about forex, confirmation is always mentioned. Can someone explain to me physically what confirmation is, like what are you waiting for to happen. Ill tag a screenshot of an example you can refer to. Thanks. + +&#x200B; + +heres the trade example: [https://www.tradingview.com/x/9zgm7LCr/](https://www.tradingview.com/x/9zgm7LCr/) +Alright I gotta say I'm from the NNFX school of trading, which is not important in this question, just gonna say it to point out that we trade the daily risking 2% per trade and that when building an indicator-heavy trading system we calculate the annual ROI by keeping in mind that we gotta aim for +11%, as the market itself grows approximately by 10% a year. But what about the 1H?. + +I've decided to divert from the NNFX's doctrine just to apply it with my robot to lower TFs in order to profit more, the problem is that I've heard that many people consider it crazy to achieve a 15-25% profit target per month, I mean, why?If 20% is reasonable per year on the daily, then the 1H is gonna be roughly 24 times more profitable. Well not exactly 24 times, let's say (worst case scenario) 10 times? Well then it's gonna be at least 16% per month, I mean why not?You could argue that many people often do not risk more than 1% per trade on TFs lower than the daily but still that would be far over what many traders think a reasonable monthly achievement should be. + +My opinion is that not so many traders do automated trading, hence they gotta stick to human (1-2h of trading a day) profit targets. + +Edit + +Alright I've received so many stupid answers hence I want to address these individuals once for all: + +\- "If it was so easy then everyone would do it", that's the reason I asked and you didn't answer, wasted oxygen; + +\- "Go ahead and do it", thanks for your permission; + +When you write things for other people first stop and think how that's gonna affect them: ask yourself "Does this answer his question?", "Will it be helpful for him?". If not, just DON'T answer, you are wasting someone else's time. I think there is some narcissism here in making fun of someone trying to question your truths without even justifying them (probably because you don't even have the answer and you didn't think about it). + +I'm used to Quora, where people respect each other, hence I had never experienced something like 50% of the answers being attacks or plain stupid. That said, thanks to the ones who answered sharing their personal thoughts and experiences respectfully. + +I just got off web chat with Comcast and was able to double my internet speed for the same price each month. They even offered me a slightly higher speed at a *lower* monthly price. Talk to customer retention/loyalty and they'll essentially work out any deal to keep you as a customer. Don't let them ever raise your bill. + +Today's move will end up saving me $120/year. +# Good Morning Fellow MOASS Enthusiasts. + +Its been a while since I have felt compelled to make a post that isn't complete nonsense and I do hope it jacks your tits. + +*DISCLAIMER 1. I am not a financial advisor, I have 16 months of trading experience which consists of buying GME, DRSing GME, holding GME and spending an inordinate amount of time reading shitpost's on Superstonk. I also love tinfoil.* + +*DISCLAIMER 2. I am going to talk about another stock here. Mods pls dont delete. Everything we discuss here will be with the sole purpose of comparing the similarities to GME and the situation we currently find ourselves in.* + +With the formalities out of the way, lets move on. + +# Part 1. What the fuck is happening right now? + +Ok here's how I see it: + +The board have announced the date of the shareholders meeting as of June. GME holders at the record date of have been asked to vote on a number of things, the most important being to increase the the number of shares they can distribute from the current 300m to a total of 1 billion. The board say this is so they can split the stock by way of dividend and also retain some on hand to give out as employee/director compensation. + +We are not voting on a stock split. + +I have seen this a lot so it bears repeating. We are voting to increase the number of shares the board can distribute by way of a stock split. The board could right now do a split of 3:1 without a vote. This signifies their intention is to split the stock at a higher ratio. + +[https://news.gamestop.com/static-files/5af6f18f-71a0-45c6-a0c4-11ac4558c20e](https://news.gamestop.com/static-files/5af6f18f-71a0-45c6-a0c4-11ac4558c20e) + +https://preview.redd.it/txigzftgltx81.png?width=1917&format=png&auto=webp&s=40976539ac252054609c0f5ecf633509943e6da6 + +Aside from DRS, voting is THE SINGLE MOST IMPORTANT THING TO FOCUS ON RIGHT NOW. The board recommend voting "FOR" each line. That is what I have done personally. + +We have all seen the NFT marketplace and wallet developments and I don't intend to dwell on that too much here, other than to point out what I believe to be a very important factor in this. + +**GME ENTERTAINMENT LLC.** + +&#x200B; + +# PART 2. What the fuck is GME ENTERTAINMENT LLC? + +GME Entertainment LLC is a separate company that is the entity in the Gamestop NFT/Wallet terms and conditions here: + +[https://wallet.gamestop.com/terms](https://wallet.gamestop.com/terms) + +https://preview.redd.it/w0oduuepltx81.png?width=2554&format=png&auto=webp&s=5f32da1dd40f65ee4a20dceef855bc6ec1487c07 + +GME Entertainment LLC is the named counterparty in the IMX partnership agreement here: + +[https://news.gamestop.com/static-files/713417ad-e18f-4f2c-bc1c-312f536d8b36](https://news.gamestop.com/static-files/713417ad-e18f-4f2c-bc1c-312f536d8b36) + +https://preview.redd.it/5kkoc11sltx81.png?width=1922&format=png&auto=webp&s=58d6d8c082ab7dfdd1197e4467a6c8f5434ae48f + +OK. So we can clearly see the legal entity that will be responsible for the upcoming NFT marketplace, Wallet and whatever else RC is cooking up for us will be GME ENTERTAINMENT LLC. A separate entity from GameStop Corp. + +GME Entertainment is a subsidiary of GameStop Corp. + +&#x200B; + +[For the smooth brains in the back we are looking at the NOUN](https://preview.redd.it/j4mqabpdmtx81.png?width=1727&format=png&auto=webp&s=01f69cee9826e516ccca3347aec9ad896e2ad3a2) + +It is my firm belief we are about to see a Carve-Out of GME ENTERTAINMENT LLC. + +&#x200B; + +# PART 3. What the fuck is a Carve-Out? + +&#x200B; + +https://preview.redd.it/m3hoxrn4ntx81.png?width=918&format=png&auto=webp&s=e5c28f6bb8f7e5757c09e6024f4555de3ef5f323 + +But Sneak, why do you think we are going to see a carve out I hear you ask? + +Here is why: + +https://preview.redd.it/y3krbaenntx81.png?width=1545&format=png&auto=webp&s=633466b2e561bddb8f2f5e78e8d787f85da64588 + +This role was advertised by GameStop 6 months ago and is no longer listed on their site. + +[https://www.reddit.com/r/Superstonk/comments/qruywj/gamestop\_crypto\_company\_spinoff\_might\_be\_coming/](https://www.reddit.com/r/Superstonk/comments/qruywj/gamestop_crypto_company_spinoff_might_be_coming/) credit to this post for this snippet. + +We can clearly see GameStop looking for staff with Carve-Out experience and now we know more about GME ENTERTAINMENT LLC we can see, as usual, that the previous DD from the time was absolutely correct. + +&#x200B; + +# PART 4. What the fuck does this all mean? + +Honestly, this is the part where we move from fact to theory. Putting all tinfoil aside such as NFT dividend, fractionalised Wu Tang album and Tokenised Stock Market etc. I will give you my best guess scenario of what we are about to see and why I believe this. + +1. GameStop holds the annual shareholders meeting in June. +2. Voting results are counted and authorised shares goes from 300m to 1b shortly after. +3. NFT marketplace/Wallet etc is formally launched. +4. GME Entertainment LLC is Carved Out and its announced that shareholders will receive a number of shares in this company relative to how many they hold in GameStop Corp. +5. GameStop Corp price increases as people rush to secure shares in GME Entertainment LLC. +6. GamesStop Corp shares are split by way of dividend thereafter. + +It is my personal belief that there will be NO SUPRISES. RC is going to make public announcements on all of this well ahead of time. Everyone, including shorts, will be given plenty of advanced notice on what is going to happen. + +We have all read the DD, believe in MOASS, and have a good understanding of the repercussions this will have across the market. + +Put yourself in RC's shoes for a moment. You know that once this thing kicks off, shorts are fucked. You also know that this means many innocent bystanders with their 401k's and pensions sitting with these financial criminals are also fucked. We have seen how MSM like to twist the narrative and it is not a stretch to imagine that they will be looking for a scapegoat. + +If it was me, I would want to be able to stand there and say everyone had fair warning. Perhaps this is why we have seen RC building his own narrative with his Twitter statements on the economy recently. + +&#x200B; + +# PART 5. What the fuck is BBIG? + +Calm your tits. I am not pushing BBIG and I gave you a disclaimer at the start. I do not hold BBIG and do not care if you do. + +BBIG is a stock I see pushed about on other subs as a potential short squeeze candidate. + +I pay no attention to it generally but today I am compelled to discuss it for the reasons outlined below. + +BBIG rose 45% yesterday after hours (May 5th) on the announcement that "May 18, 2022 has been set as the record date for the dividend of shares of common stock of Cryptyde, Inc. ("Cryptyde") to be distributed to Vinco stockholders in order to effect the separation of Vinco and Cryptyde into two independent, publicly traded companies." + +[https://www.prnewswire.com/news-releases/vinco-sets-record-date-and-distribution-date-for-planned-business-separation-of-cryptyde-301541343.html](https://www.prnewswire.com/news-releases/vinco-sets-record-date-and-distribution-date-for-planned-business-separation-of-cryptyde-301541343.html) + +&#x200B; + +[spend your money on GME, dont even think about it \(not financial advice\)](https://preview.redd.it/9ayzoi9wttx81.png?width=1715&format=png&auto=webp&s=3759b40cbef6caaf424f0e619347972ab6a25486) + +As you can see, the similarities between BBIG and our potential GME ENTERTAINMENT LLC carve out are striking. BBIG is carving out its subsidiary Cryptyde and the announcement of the record date has caused a 45% jump in price on what is quite possibly one of the worst performing days on record. + +I am watching BBIG to see what happens next as it could give us an indication of what to expect should we see a carve out of our own. + +This could also be a fake out by SHF to dampen spirits so bear that in mind. (POPCORN NFT MK2). + +&#x200B; + +That's it from me today, I hope you enjoyed my ramblings and I look forward to the comments. + +Dont forget to BUY, HOLD, DRS and VOTE YOUR FUCKING SHARES IF YOU CAN. + +Stay frosty. +I'll probably never fatFIRE, but within 5 years my income will quintuple (finishing medical residency) and I'd like to know what things y'all have enjoyed over the years that never stop feeling as good at any level of wealth? + +The first one that comes to my mind is a post-workout high + +What are some other examples? +Hey this is Brett from The Derevolutions. I wanted to share how we've gotten numerous nasty messages from longtime fans expressing their disappointment in our involvement with NFT's as launch creators. My partner and bandmate, who doesn’t spend anytime on Superstonk, keeps asking if I’m sure this is a good idea. If we’re going to lose all of our fans and avenues of income from streams, commercials, TV shows etc... It's difficult for me to explain and prove to her why I have 100% confidence that this community will be the best thing that ever happened to our band. I was hoping you guys could do your thing to reassure her. +  +We talk a lot about how community driven support will revolutionize banking, but I was hoping we could talk more about how community driven support will revolutionize the arts. Personally, I've never felt so inspired, as I do now, knowing that we're finally part of something bigger than ourselves. I expect shockwaves from all the other creators too, I can't be the only one. + +Btw, musicians are gonna go ape over this platform. I never realized how much Spotify, Youtube, Soundcloud, Bandcamp, etc were lacking. Finally, our music can fully express itself. + +We've got your back. + +LFG!!!! +I was just reading a recent thread posted in this sub about the IRS workers not working due to the shutdown (understandably), thus refunds will likely take longer. As I scrolled through the comments, I found a conversation and the gist of it was that if you get a tax refund, it's basically lending the government money? I'm 23 and have been filing independently for a couple of years now, and always looked forward to my returns because hey, it's money! But having read this I'm just very confused, and bummed that this was never really explained to me before along with many other aspects of finances and I've been self-teaching, so to speak. I'm just an unmarried person working full time at an hourly low-paying job. I'm not a student, and the only "Credit" I qualified for was for contributing to a ~~Roth IRA~~ 401k (I contribute to both but believe the credit applies to the 401k). And while my refunds have never been "huge", they've been over $1000 in the past couple of years. + +&#x200B; + +So, getting a refund is bad? And why is not owing nor getting money back a good thing in the first place? How does one get as close to "$0 owed/~~returned~~ refunded" as possible and what things can I do to achieve that? I feel silly asking, but dumb questions are better than no questions and I'd rather learn everything I can/should know while I'm still young and planning my future. Thanks! (If you wanna go ahead and ELI5, that'd be awesome haha) + +&#x200B; + +~~Not sure what's up with the downvotes. I literally posted this because I knew nothing and have never been taught much regarding taxes, and~~ *~~want~~* ~~to learn.~~ + +Edit: Wow, didn’t expect this to get that much attention. Thank you guys so much for all of the informative responses! I really appreciate it!! Now that I understand it it isn't difficult, but when you're in the dark about these things it can look intimidating. I wish they had a class or something when I was in high school that taught you the basics of this stuff, it's so important! +Sup retards, this is not advice, I just want to say the obvious: + +* Hedgies are Fukt + +* Shorts have not covered + +* We own the float + +* Cramer can't stop crying + +* GameStop is not going bankrupt + +* DFV can't openly talk about GME until it's over + +It is a waiting game at this point. It's not about holding. Holding doesn't actually come into play till the rocket takes off. That is the hard part. We are at a micro penny stock level of the scale of this thing right now. It is **THE MOTHER OF ALL SHORT SQUEEZES.** + +I just want Hedgies to know this: I have also been playing RuneScape, **FOR 17 YEARS.** + +edit: formatting and also I'm illiterate +I've got a lot of money sitting in cash right now, I look at several indiciators, Schiller PE ratio, S&P500 PE ratio, interest rates; all I can see is a bubble. Even if my stocks did manage to go up 20% theres a high probability that inevitably it will return to something normal, at say a 20x PE ratio. Can someone explain why all indicators are wrong, and that time in the market is better than timing the market, what upside am I missing here? + +https://www.multpl.com/s-p-500-pe-ratio + +https://www.multpl.com/shiller-pe + +https://tradingeconomics.com/united-states/interest-rate + +I'm just looking for some contrarian positions here, perhaps something to snap me out of my fears, some historic information that says sitting on a total market bubble has payed off in the past. It goes against everything I've learned and to which I might advise someone else, and yet here I am doing it. +🧨 Do Not Miss this opportunity to jump in on this Passive Income Generation Project, to build up wealth & create a sustainable income stream. + +&#x200B; + +🧳 Highly Active Devs / Mods to answer any & all questions about the project or it’s future in our TG Group / Discord. + +The Project was created as a Rewards Token to distribute dividends back to the holders in BUSD Stable Coin. + +🌪The project growth exploded from day one and an Active Whale Fund was born to provide a 2nd Passive Income Stream for the holders. This is independent of the Tokens Performance. + +👥 Since launch (roughly 9 weeks ago) the community has grown to almost 2700 TG users. The community is engaged, active & Diamond Handed 💎🙌 in their trust of this project. The Community gets to vote on upcoming investments after the team has successfully vetted new projects. + +📲 Daily AMA’s where investors can ask any questions about the Token, WhaleFund, Roadmap and discuss all project updates. + +&#x200B; + +&#x200B; + +How do you **Buy** Bankers Dream ? + +✅ On Pancake Swap + +✅ On Poo Coin + +✅ On our website via an integrated Swapper + +&#x200B; + +📜**Contract address**: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +&#x200B; + +&#x200B; + +📊 **Tokenomics** + + \- 8% Reflected in PEG BUSD-T to all holders + + \- 1,5% Liquidity + + \- 2% Buyback and burn wallet + + \- 4% Marketing + + \- Anti-whale mechanism, no wallet can hold more than 3% + +&#x200B; + +&#x200B; + +📌**BankersWhale** + + \- The first community idea which will be implemented into system is BankersWhale. + + \- 1,5% of the marketing tax will be used as a community investment fund. The BankersDream team + will use this money with community suggestions to invest in various altcoins and meme coins. + + \- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream + community, in which they can present the idea and receive an early investment from our fund. + + \- 75% of the yield generated by fund will be distributed to holders, applying the same logic as for the + BUSD rewards. + + \- 25% of the yield will be kept for further development costs of the ecosystem. + + \- The BankersWhale fund is a risk-free way for their community to generate another form of income. + + \- Only BankersDream Holders will receive the participation in the yield! + +&#x200B; + +&#x200B; + + 📌**Roadmap** + + **2021** + + \- Audit + + \- KYC + + \- Initial marketing + + \- Pinksale presale + + \- Pancakeswap launch + + \- DAPP + + **2022** + + **January** + + \- CG listing + + \- CMC listing + + \- Major marketing + + \- First community fund investments in the crypto area + + \- Smart contract development for distribution of fund yield + + **February** + + \- Community event + + \- Start development on launchpad + + \- Audit for smart contract that is distributing the yield + + **March** + + \- Additional Certik audit + + \- Youtube influencer marketing campaign + + **April** + + \- Start developing merch store to additionally fuel passive income + + **Late 2022** + + \- Start of Launchpad + + \- Starting development DAO to include "real assets" in the fund for the passive income (Real estate, + Shares) + + **2023** + + **Mid 2023** + + \- Launching DAO to include "real assets" + + \- Certik audit DAO + +&#x200B; + +&#x200B; + +📌**GOAL** + +Their main goal is building a community and working on different passive income and volume generating streams according to the roadmap. + +**-** Transparency + +It it concerning and for some it may be a red flag when a team avoids speaking about certain aspects of the project or answering questions entirely. They said "Our focus towards transparency is straight forward: We have nothing to hide and we will do our best to answer all questions as in depth as possible. " + +**-** Activity + +An active team with the same goals will provide stability and quality project/community building. They look forward to bringing everyone together to make the right decisions on this journey. + +**-** Working with the community + +This is one of the biggest boosts a project can have. When the team is willing to work with the community, amazing things can happen. They like you to engage with them and let them know your favorite marketing strategies and suggestions on future projects. They also said "While we cannot realize every idea that is provided, we will work out the best plays for long term growth. We are striving to create assets which are worth holding for passive rewards and an ecosystem built around these assets to maintain the rewards. " + +&#x200B; + +&#x200B; + +📌**Future** + +What they said about their future : + +"Of course we need to think of a way to generate the volume for the rewards. That’s why we intend to build an ecosystem around our tokens. Our plans are not fix yet, one big idea is a launchpad with a unique protocol. We will decide such things together with the community, it also depends on which way the whole crypto market is going to. If we see a better usecase for our tokens to implement and generate the reflection we will consider switching our plans. This freedom we still have due to being that early is great, so we can build the ecosystem fully on the needs of the crypto community. + +For now we are heavily focusing on a good market entry, building a community and marketing campaigns to spread awareness of this asset! " + +&#x200B; + +📢 Remember, it’s from the people for the people. + +&#x200B; + +Not mars, not moon but, to \*\*Neptune!\*\*🚀 + +&#x200B; + +&#x200B; + +**Website** [https://bankersdream.org/](https://bankersdream.org/) + +**Telegram** [https://t.me/joinchat/WCLymc0zcA01Zjcy](https://t.me/joinchat/WCLymc0zcA01Zjcy) + +**Twitter** [https://twitter.com/bankers\_dream](https://twitter.com/bankers_dream) + +**Reddit** [https://www.reddit.com/r/Bankers\_Dream/](https://www.reddit.com/r/Bankers_Dream/) +This sub is going downhill. We need to get this back to helping people, not humble brags about paying off a $1k loan. Good job, but do we need 50 threads a day about that? No. + +Suggestion: none of these posts daily. Let's move to a sticky thread? The screen shots don't add much to the conversation - they are unneeded. Let's get back to helping others. +Hoping this type of post isn't banned here, sorry if it is. Mods, remove away if need be. + +I found 1.5 acres of land in the Southwest USA for less than $1K. I've done some of the minor legwork researching costs and in my own head it seems almost ridiculous not to buy it, but I literally don't know squat about something like this. + +Property is in a subdivision of a city of about 15K people about 15 miles away. Very few neighbors w/ homes in the immediate area near the property. I found the subdivision restrictive covenant and it has a minimum of 600 sq ft for a structure, but not much else I need to worry about. I'm picturing the most basic of basic - 4 walls and a foundation - cabin/home or possibly earth sheltered concept, maybe an A frame with solar? + +Power: Power lines on road with easy access, also thinking I could mainly use solar(desert) + +Water: Water table is ~50 ft. down, but possibly bulk water delivery to start + +Internet: Closest neighbor is a block over and they have internet according to the broadband map of US, but even if not available, it is flat enough that I could probably use cell hotspots + +Plumbing: Lot is definitely big enough for possible septic in future, but the state allows composting toilets which I've looked into a bit and think it could be a decent option. Not having nearby neighbors would be a big plus while I figure that one out. + +It has a slight elevation as it moves towards the back of the property and I thought possibly a small cabin/earth sheltered home might work well if you dug in a little bit. + +Am I crazy for thinking this could work out ok? The logic in my head is telling me that for the price of the land I could just sit on it for years and it would still wouldn't be a terrible investment. The taxes are less than 50/year, so even if I pitched a tent there for a week I'd be saving money on paying rent. I'm 41 and have been paying rent for 23 years. It just seems so refreshing even to contemplate not having to pay that each month. + +And this is by no means an actual plan for the future, but there are other lots in the area and could potentially do something again in the future to rent out or re-sell... Just a thought, not a plan by any means. Just one for now will be fine. + +Any and all advice welcomed as long as it is actually helpful and not just calling me a moron... thanks! + +Edit: Just found out the postings are inaccurate. It's only a half acre, not 1.5. Gonna keep looking, but a major buzzkill. +CATEX undertakes trading and mining activities: this implies that on same platform users can trade other cryptocurrencies as well as mine or trade CATT . +CATEX gives back to users: when trading on the Exchange and fees are paid, CATT is generated via mining and given back as bonus to the trader who traded other cryptocurrecncies on the Exchange. +Unlike other platforms, most of the major decisions on the platform are made by the community; this also encourages participation on the platform. This is done by creating several social media channels where the voice of the large community could be heard and put into consideration by the team. +In other to encourage mining on CATEX , upto 5% bonus of fees gotten from mining is given back to users depending on the amount of CATT a user is holding per time. +CAT Exchange has the interest of its investors at heart, this is why it pays upto 90% of amount gotten as daily dividend back to investors. + +https://www.catex.io +Over the last few years I've been grinding really hard, I'm in my early 30's. We're up to a projected 4m this year, we've got a team of around 20 and are scaling quite hard. I expect we will reach 50k+ per day revenue this Q4. I should be able effectively retire and install a CEO within the next year. + +I'm remote, travelling the world and having some awesome experiences while building a 7 figure brand. + +But I'm feeling dissatisfied with my day to day life. Being behind alone behind a screen for 10+ hours per day is really challenging. My brain is currently all business too, so I really struggle to connect with people who also aren't entrepreneurs. + +I'm not entirely sure what to do, as it's literally what I dreamed of and worked so hard to achieve, but I literally feel no happier, than when I was broke. I kind of feel shortchanged even. + +Well, I guess now I need to get over the next few sprints then shift focus to building connections, community, relationships and find a partner. + +Any advice from anyone who's reached financial their goals and felt a bit empty when they got there would be very welcome. +I looked into share recalls and I can barely find any information on them. It means it is not a common occurrence. The only definition I found for it was when the lender recalls their shares. Feels like people are just parroting something they heard about hoping it will do something. We are the share recall. DRS is the share recall. We don't need anyone to do it for us. We're already doing it. + +I can appreciate peoples enthusiasm. The dividend is obviously a big problem for some brokers. We just need to let it play out. There isn't some magic button anyone can press to make this happen. Moass is always tomorrow until it isn't. + +I just want to mention as well. People keep talking about gamestop pulling their shares from the dtcc. I'd imagine that would be the nuclear option. The last option. And I feel like we aren't at that stage yet. I imagine gamestop would do everything possible to shake the shorts before ever attempting to pull shares from the DTCC. + +BUY HODL DRS +I've literally been screwed by Robinhood on several occasions. server errors, freezes during volatile market moments, orders that won't complete, or get stuck pending. They restrict you from selling options or stocks if your too in the money. They offer no compensation except, a played out generic customer service, we are sorry. How lame?? I've given Robinhood a second and 3rd chance to earn and keep my business, and they screwed me again and again. I've stressed out enough, this is my last Robinhood headache, once I'm able to get the withdrawal of my cash, I'm done. ROBINNG THE HOOD should be out of business...If you agree with any of my Venting Rant, LIKE and SHARE this post and spread the Word so New Investors are aware of the DANGER of, and so we can stop ROBINHOODS continuos crimes against individual investors! +I’m going to hold it to 2025 , Do you recommend it ? + +Edit: thank you everyone for your suggestions. As someone like me who is new to crypto in general and ethereum in specific I learned a lot from your reply’s. I’ll post my conclusions later this week. + +(Please ignore retards Reddit have a lot of them) +**We don't need anyone else.** + +PFOF doesn't matter. + +Dave Lauer doesn't matter. + +The SEC doesn't matter. + +Overstock doesn't matter. + +Nothing matters at this point except prying every single share away from these idiots, and if they want to keep dropping the price we'll just get it done faster. + +I appreciate the efforts many have made to help make things more fair for retail investors, but at the end of the day we're playing in their house by their rules, and there simply won't be any significant changes. + +All we need is for the people that have already contributed to the direct registration of 71 million + shares to keep buying and DRSing and we'll get there soon enough. + +If more people want to join, great. If not, so be it. + +I'm sure this is going to get downvoted to shit by all the ardent market reform activists that seem to be occupying the sub these days, but I don't care. If you guys want to scream into the void that is our current market structure, go for it. I'd like to make an actual difference. + +Every post that isn't DRS or from GameStop themselves is noise. + +Stay sassy kingz and queenz. +I feel like this is a stupid question but, why can’t the £40b “loaned” to the government from the Bank of England be simply wiped out? From my understanding, workers haven’t profited from this (in fact they got less than usual wage), so there isn’t technically any extra money in the economy, it’s just come from a different source. + +I know I’m probably vastly oversimplifying this but it’s not as if 40b worth of gold was handed over, it didn’t cost anything to “make” the electronic money. Sure some people may have saved up some of the money as they had less outgoings, but most have probably made up for that and more. + +Please be gentle, I feel stupid asking this, but it’s just a thought I haven’t been able to shake. +Some colleges and universities in the USA will pay for 100% or a very large portion of your tuition if you are a full time employee. A lot of people dont consider working at a University if they dont want to be a professor or in academia but they forget about all the other job opportunities! Every school has a finance department, HR, an IT department, a communications and marketing team, and other departments that could fit your career goals and don't have much to do with academia at all. My roommate wanted to work in government affairs, got a job at a university doing that, and is now getting her masters in public policy 100% paid by them. I also work at a University and am getting 100% of my masters degree paid for. Its a smart way to further your education without the worry of more student loans and its doesnt have to be a forever job. + +Edit: I understand that this isn’t every college! I was simply suggesting something people could look further into as an option that they may not have considered, that’s all! +Basically my question is; To recover my investment long term, should I wait for crypto to recover or invest the remaining part in a ETF? + +Just keeping my post short, because the details don’t really matter :) +Trailer: [https://youtu.be/TqkjyI1QD2A](https://youtu.be/TqkjyI1QD2A) + +It's Based on the international bestseller economist Thomas Piketty's book with the same title. The documentary gives an in depth look into the mindset of wealthy people. How they value inheritance above all else. Everything is about owning land/real estate and power. It's like these people are living in medieval times. + +The documentary explains why wealth inequality keeps growing and why it likely won't ever stop without something drastic happening. It's very interesting stuff. Has anyone here watched it? +Then this afternoon I had a tire blowout on the highway and I had enough saved up to replace it without having to skip meals for a while. I know I'm not totally afloat but it felt nice to have a minor victory over my situation today. +Looking at the actual physical gold reserves of the United States, it is mathmatically impossible gold can backup the currency. + +The volume of existing USD, even narrowing down to paper notes was not redeemable in gold, not even close. + +i guess there is not enough gold on the entire globe to back up every USD in circulation now and back in 1973. +Although the track record of Canadian banks such as rbc and td has been impressive. The current situation with real estate prices in Canada has me worried. Lots of things remind me of the 2008 u.s housing bubble and we all know how that ended. + +Edit//// +I never said I believe a crash as bad as 2008 is imminent for the Canadian banks. However for everyone saying the system is regulated enough for this not to happen and that lending regulations are to strict . I personally know lots of people in Toronto and Vancouver with million dollar mortgages and many of whom believe paying 1.3 million for a pretty shitty house is fine because it will be worth 1.5 in a couple years and whoever buys it then is also taking out a million dollar mortgage. So I don’t think things are as regulated as all of you believe them to be otherwise I wouldn’t expect this level of speculation. + + +Second edit//// +Everyone’s overconfidence in our banking system is exactly what scares me. Personally I would never short our banks or buy puts on our banks. My point was mainly that everyone’s overconfidence scares me and I think real bubbles are the ones no one sees coming that’s my main worry with our banking system. Back in 2007 everyone was saying that the u.s had the best banking system in the world, ignorance is not always bliss my friends. +For me, the easiest one is phone contracts. I stress this to everyone I know. I never go through the networks anymore and only go through comparison webistes. I won't advertise here but they can easily be found online. + +I recall comparing my latest contract at the time of purchase. Through EE it was £40 a month (40GB with unlimited calls/texts) with a £30 upfront cost. I searched for the same deal through a comparison website and got it for £27 a month with no upfront cost. + +That's a saving of £342 over 24 months. +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). +So it seems that trading (forex) has become like a trend, I see people on instagram showing their Gucci bags... and messaging me saying if I want to join their group for an initial fee. It's not a scam because I know some people that do it but can you explain exactly what do they Do? Is it as good as it seems? How does it work? And can I start without that initial fee? +I've been thinking about doing this for a long time, but I am not sure about it... it would be a big risk + +I don't plan on using the Loan at all, I would probably ly get the loan from SoFi or any loan that doesny charge an early payment penalty +Short version: Had $1 million in 2014. Used to take enormous positions. Had finally decided to stick with a big one- in a stock that went up almost 1000%. Today, account value would be $4 million. Instead, a series of awful trades and about $200,000 in withdrawals for various things (living expenses, charitable donations, etc) and it's around $10,000. I also owe on credit cards so my net worth is negative. + +The question is- did anyone make it back from something similar. If so, how did you mentally prepare? Any books you can recommend, psychology texts, etc? I have a million bucks in capital losses or so and while I hope every night to have a heart attack I sense I will live another 30 years (I'm mid 40s). +Obviously DOGE maxis will downvote/hate on this. But it’s refreshing to see its now the projects with utility and fundamentals doing well. Also nice to see Elon’s influence appears to finally have warn off. I believe this is the age of utility now and the meme craze is on its way out. Bitcoin will always have a place as store of value - it is after all the OG +So, I posted the following content as a comment elsewhere and have decided to make it its own post for everyones consideration. There is more detail probably needed in my comment to fully flush my case but for TL:DR purposes this should stimulate the idea in your brains. My personal opinion, not right or wrong, not advise, educational. + +"I never close at 50% profit. Its so silly to do so. There is only one indicator you should watch pertaining to when to close... profit/day. + +Say you sell an option. At some point you reach the miracle 50% profit (lol). Please dont proceed to blindly and ignorantly close position. First look at how much profit per day is left on the position and then compare this profit per day to another position you are considering (whether its a different expiry or company - dont matter). If current position is decently less $/day = close. If not, run that profit % higher! Why wouldnt you? + +Profit per Day (decay) is king imo. Percent profits or losses mean nothing to me." + +The beautiful thing about this is that you can check profit per day against other plays whenever and as often as you like. Sometimes, the dollars/day will tell you to close at 30% profit, orher times it may be best around 80% profit. There is nothing magical about 50% specifically imo. Its just a super generic black and white rule that helps add structure to a playbook. I prefer my black and white analysis to be based on my expected profit/day being as high as ut can. + +Thanks for reading + + +There is a new NFT mint here on the Loopring explorer app here: [https://explorer.loopring.io/nft/0x87a6f25a05f57f0a4f06844eebd9fb1921da3832-1-0x0187a6f25a05f57f0a4f06844eebd9fb1921da38-0x48dc2483d200cac09c4fa02ed53a5220d714943821603034266f6ddbe759b21e-0](https://explorer.loopring.io/nft/0x87a6f25a05f57f0a4f06844eebd9fb1921da3832-1-0x0187a6f25a05f57f0a4f06844eebd9fb1921da38-0x48dc2483d200cac09c4fa02ed53a5220d714943821603034266f6ddbe759b21e-0) + +It gets Withdrawn to this address [https://etherscan.io/address/0x02e725b7e99091bd4ccbf15228384e160ecdf78f](https://etherscan.io/address/0x02e725b7e99091bd4ccbf15228384e160ecdf78f) + +The Ens is cyberhorsey.eth. Googling this take you to twitter profile who appears to be a crypto engineer at gamestop: [https://twitter.com/Cyberhorsey?t=EYU9yc1uO\_r8YBE5fpZSBg&s=09](https://twitter.com/Cyberhorsey?t=EYU9yc1uO_r8YBE5fpZSBg&s=09) + +This twitter profile confirms their ens in this tweet: [https://twitter.com/Cyberhorsey/status/1472785963751411717](https://twitter.com/Cyberhorsey/status/1472785963751411717) + +Any more smoothbrained devs have input on this? + +&#x200B; + +credits to u/fudgebucket27 +So I was speaking with my friend who recently just got tickets to a sporting event. I asked him what the current market price for the tickets were and he said they were hovering around the $100 / ticket point. I asked him if he there was a high enough price point where he would consider selling the tickets. He responded with "No" because he really wanted to go to this event. I then asked him if he would have been willing to buy these tickets at the market price of $100 / ticket and he also responded with "No" since he would not spend that much on these tickets. + + +This seems to be a somewhat of a paradoxical economic situation: my friend would clearly rather have the ticket instead of selling it for $100. On the other hand, my friend would also rather have $100 dollars rather than spend them on the tickets. + + +I definitely think there are be many different reasons for this situation, but I'm sort of interested in the following possible explanation: it seems that there is a "psychological inertial" when it comes to transactions where we sometimes prefer to "hang onto" the asset we currently own, even if the transaction occurs at a price point we deem as fair/favorable. + + +My question: is there a term/name for such a phenomena? I believe this might be something studied in Behavioral Economics and I would love to learn more about it, if at all possible. Sorry for the longwinded post, but I would love any insight or resources anyone could share :) +I've been noticing a lot of threads from people that are, bravely, admiting they fucked up by blowing up their account. Firstly, I want to congratulate you guys. There is no shame in that, because it's part of the process for most successful traders. If you don't quit, you will learn a valuable lesson. I want to share my past with you guys when I first blew up my entire savings on a single trade. Prior to that, i also blew up another account during my college years. I figured if I can be a semi-pro in csgo (not that i was but i could have easily been), trading would be a similiar challenge. + +--- + +Trading has never been easier. With a few mouse clicks, you are either coming out as a winner or a loser. Anyone can trade and anyone can get lucky. When you combine those two factors, we end up hearing stories of how someone on a subreddit of r/wallstreetbets is still holding on to a 2000%+ return from buying uncovered call options of Tesla or people holding bitcoin, hoping it goes to the moon. + +Shown [here](https://i.imgur.com/cGefxKz.png) are two different equity graphs. On the left side, we have Graph 1, where it indicates a typical trader on r/wallstreetbets. They oversize their long/short position and have very large drawdowns. Eventually, this trader ends up blowing their account. They also expect each trade to be a winner, or why would any normal person trade otherwise, right? It's a wrong mentality. All professional traders dont expect any particular outcome. It can be a winner or a loser. Their edge wins in the end, because they are profitable over a series of trades. They take trades without any hesitations or emotions. Graph 2 is how most professional traders' equity graph looks like once they truely are aware of their emotions. + +So when and if the trade goes in red, the following usually happens: They are frozen in fear and in result they are in able to think rationally. Every time the market goes in their favor, even for a split second while they are still in the red, they are convinced this trade will work out…eventually. Then, the market goes against their favor even more, so they are swearing to themselves that as soon as the market goes in their favor again, they will take a small loss. As they watch their profits bleed in red font, the market slowly goes in their favor. Their profits are still in red color, but it seems, now, the market is going back up to breaking even. I don’t need to take a loss. Who knows...these numbers might turn green. As they stare at the vibrant red font, representing their unrealized loss, they are not even paying attention to what is happening in the market. After waiting a grueling few more minutes, the market - without a single hopeful sign – never comes close to the breakeven point. In fact, it goes back lower than before. Now the trader can’t handle being in this situation. The amount of stress and uneasy feeling makes it too painful for them to hold on the position. They rather take the loss than ensure another second of this pain. So they end up closing the position just like that, and their mind is finally free from the burden of looking at the red numbers. Their mind is paralyzed. They don’t know how to act, feel or even what to think. They wished it was a bad dream or could rewind back in time. Read this, ALL consistent profitable traders have been in this position before…ALL. + +What happens if an average WSB trader keeps trading just like the way they do a hundred more times? Will they blow out their account before they can finish making 100 hundred trades or come out just losing/making some money instead? My money is on the former. Or a better question would be: do you know want to be a consistent profitable trader or trade as if every trade will make you either broke or over-night filthy rich? + + +When I decided to invest full-time into learning how to trade, I made a lot of mistakes (ive lost my savings more than once) and encountered a lot of fillers. I didn't know what trading strategy worked best or which signals to follow. I couldnt even tell you what accumulation or distribution meant, let alone how they were formed. I remember in April of 2019, when Ethereum was around $100 - $180. I longed 241,000 contracts ~ roughly about 9 bitcoins at that time. I went to bed without having any stops. Next morning when I woke up, I immediately checked my email to see this [message.](https://i.imgur.com/LW11Ls0.png) + + +Words can’t describe how I felt. I was so sure that ETH would not visit $149 during that short time. I couldnt even function properly. I had no money to pay rent... it was so bad that I just wanted to sleep and be in a different world. I decided to stop trading all together by stepping away from trading in general for 6 months. I started to figure out how to become a consistent profitable trader as I worked my old job. After a year and half of just learning , I decided to trade again. Eventually i became a prop trader for earn2trade. I highly recommend to take a break when these types of things happen to you. Adam Grimes also has couple of other suggestions from one of his [books.](https://i.imgur.com/PfTVKN0.png) + +--- + +I highly recommend reading two books that helped me tremendously on how i saw the market: 'Trading in the Zone' by Mark Douglas and 'The Art and Science of Trading' by Adam Grimes. Adam Grimes has a free blog where most of his ideas are there for anyone inerested. Mark douglas has videos on youtube (highly watching all 4 parts): https://www.youtube.com/watch?v=QgaTlTfQnZI + +Until then, stay strong and chin up. + +--- + +Edit (1): Some of my fav. Mark Douglas' quotes (not in any particular order). He was a great trading coach for a lot big traders back in the day. + +>- When you achieve complete acceptance of the uncertainty of each edge and the uniqueness of each moment, your frustration with trading will end. + +>- When you genuinely accept the risks, you will be at peace with any outcome. + +>- When you really believe that trading is simply a probability game, concepts like right or wrong or win or lose no longer have the same significance. + +>- Why do casinos make consistent money on an event that has a random outcome? Because they know that over a series of events, the odds are in their favor. They also know that to realize the benefits of the favorable odds, they have to participate in every event. + +>- No man ever reached to excellence in any one art or profession without having passed through the slow and painful process of study and preparation. + +>- The typical trader doesn’t predefine his risk, cut his losses, or systematically take profits because the typical trader doesn’t believe it’s necessary. The only reason why he would believe it isn’t necessary is that he believes he already knows what’s going to happen next, based on what he perceives is happening in any given ‘now moment.' + +>- It’s the ability to believe in the unpredictability of the game at the micro-level and simultaneously believe in the predictability of the game at the macro level that makes the casino and the professional gambler effective and successful at what they do. + +>- Rarely will the typical trader stay with his system beyond two or three losses in a row, and taking two or three losses in a row is a very common occurrence for most trading systems. + +>- If you can learn to create a state of mind that is not affected by the market’s behavior, the struggle will cease to exist. + +--- + +Edit (2): Firstly, I’m so happy to see a conversation revolved around an issue most people have difficulty admitting and then to even go talk about it, means you’ve already shown resilience. It’s one important characteristic for all pros. I also applaud to those that have had it worse than me and still continue to trade. I hope one day, you achieve your goals. I’ve read all the comments, again thx for contributing. I’ve noticed that a lot of us are confused distinguishing a successful trader from a consistently profitable trader (aka the pros). You can be a successful trader by simply making a handful of trades and reaching your goal and never trading again. Great - nothing wrong with that. Being a consistently profitable trader is trading full-time and making a consistent living. This thread is for those that to be consistent profitable traders. +Did anyone else find todays rally worrisome? I mean, I know bear market rallies can be big, but a rally like this off the tails of potential liquidity issues at a major international financial institution? I have a feeling tomorrow might be a blood bath in the other direction. What is everyone’s thoughts? +I'm in crypto since the birth of BTC. About 2 to 3 years ago, when Ethereum was traded at 1 USD (yes) I moved all my BTC to ETH and didn't look back. From then to now, I've watched my small investment grow to millions in almost no time. I didn't sell a cent, I didn't even move my Eth at all, even after watching it go from 1400 back to 80 usd again. Why? Let me show you one thing. + +https://www.reddit.com/r/ethereum/ + +This thing. Take a look at this. At any time of the day, at any day of the week. Compare it to https://www.reddit.com/r/bitcoin, or https://www.reddit.com/r/btc, or any other subreddit in the world. Tell me any other subreddit that looks like that. While other subreddits spend most of their time and resources on random political discussions, Ethereum keeps silently building the new world economy, and you can watch that, live, on that subreddit. + +Have you seen DAI? The fact a fully decentralised stable coin and margin market survived the most extreme crypto winter in history is almost a miracle. You may not remember but that was one of Crypto's biggest flaws and now we have the solution for it. On Ethereum. And it just works. + +Have you seen StarkWare? It is easily the most advanced real cryptography company in the world, they're building snarks/starks which are essentially the philosopher's stone of crypto, they subsume and generalize almost every other cryptographic primitive as a single fundamental primitive, and guess where it is being built? Ethereum. + +Have you stopped to think how much of the top 100 currencies are [Ethereum tokens](https://coinmarketcap.com/tokens/)? + +I could go on and on, but the point I'm trying to make is something everyone silently knows. Bitcoiners know it, Bitcoin Cash enthusiasts know it, alternative coin enthusiasts know it. The entire field feels like a shill playground right now, all the loud kids trying to pump their favorite coin, while the "serious adults" work. While progress on every other coin has pretty much stagnated, an entire decentralised economy is being built on Ethereum, right now. What has Bitcoin accomplished in the last 3 years? And what Ethereum has? The most exciting new tech they have is LN, but they forget that there is no point in having an ultra-fast decentralised currency if all services built around it are centralised. And that's exact how things work today: for every centralised Bitcoin service or app, there is a decentralised Ethereum smart contract. Now, take a breath and think honestly: if Satoshi was alive right now, what project would he be proud about? + +The only thing that could put doubt on my mind that Ethereum will soon take the first place is if we had another smart-contract project capable of competing with it. And what we got? EOS, fully centralised. Cardano, a beautiful project, but still vaporwar'ish; even if it delivers innovation, it has 2-3 years of dapp-development / network effect to catch up, which will probably not happen, since Ethereum can easily adopt any of its innovations anyway. Rootstock failed to deliver. What else? Nothing. Despite many attempts, it is clear nobody managed to put a competition to Ethereum. + +As soon as Ethereum starts showing clear signs of strength, it isn't stopping. It almost passed Bitcoin once, and it is clearly a matter of time until it does. I have no doubt of that. That's why I didn't touch a single coin I hold: as long as Ethereum is still behind BTC, I know there is room to growth. Surely, if it passes Bitcoin tomorrow, it'll still be far from its ATH. But that's my personal benchmark. As soon as news start noticing about "what is this Ethereum thing that everyone is talking about", then I know it is time to sell some of my stake. Some, of course, because, after that, the fight will then be Ethereum vs USD / EUR. And I know who is winning that too... +tl;dr It is possible your state's insurance commission can help get things moving with an insurance agency whose client is refusing contact. + +A woman bumped into my 1-year-old Honda van at a stoplight. The screw head on her front license plate made a neat if disconcerting hexagonal-shaped hole in the plastic bumper, otherwise the resulting scrape might not have been anything to have repaired. But I didn't want a hole in my bumper. + +We exchanged information. Based on anectdotal evidence from past experience, I didn't call the police for this extremely minor problem. I still think I was right not to bother them with it. + +I had the bumper looked at; it was going to cost $500-$800 to take the bumper off, repair the hole, paint the bumper, and put it back on. And I would need to leave the van with them 2-3 days, since paint had to dry, etc. + +I told the woman who hit me, and offered to let her pay for it instead of involving the insurance company; I didn't care which way she did this, and believe that her premiums would almost certainly go up at least the amount of the repair. She said she didn't have $800, and that she would get in touch with her insurance company. + +I didn't hear anything for a week or so, tried to call her back, got no answer. Tried from my home phone (which number she did not have) and she did answer, sounded disconcerted to realize it was me, said she had contacted her insurance company, they would be getting in touch. + +Waited a few more days; she did not answer calls from either number, and did not return messages. + +I called my insurance company; they said my insurance would cover it if I cared to make a claim there, but that I could also just open a claim with HER insurance company. So I called and did that; the person I talked with said they had no record of the accident, took the information, and said they would contact her and get back in touch. + +Another week; the insurance company says they have not been able to get in touch with the insured. + +Another week and a half, same thing. Either something catastrophic has happened to her or she's avoiding talking with both the insurance company and me. I asked the insurance company what they intended to do about it, they said they have to talk to their insured before they can do anything. How convenient. + +My wife suggests I talk to the state insurance commission; in NC, where we are, this is a state agency that regulates the insurance companies here. So I called and explained what was going on; they said they couldn't help much in terms of getting things moving UNLESS 30 days passed from the time I opened the claim without any action on their part. There is a regulation, you see, that they have to respond to the claim in 30 days. + +So at 30 days + 1 I call the commission again to let them know the insurance company took my claim over 30 days previous and has not offered any information, let alone resolution, since then. The next morning, the insurance company called (was it my imagination they were being much more solicitous?) and said they were accepting responsibility, let's set up an appointment with one of our adjusters, etc. Appointment was made and kept, damage assessed, check cut, all within a few days. I could have gotten a rental as well, but had access to a car to borrow and decided against it. + +I'm sorry for this woman who drifted into my car and doesn't have $800; I could have been much more accomodating if she had just worked with me. But I wanted PF to know that state agencies can be a help when it seems the normal commercial methods of things break down. + +EDIT/ADDENDUM: WHY I DIDN'T FILE WITH MY OWN INSURANCE. In my experience (I've lived in NC almost all my life), ANY claim made through your insurance company allows them to raise your rates. It doesn't have to make sense, it doesn't have to be your fault, it doesn't have to be substantial. I did call my insurance company for advice (after being told I couldn't talk to my agent, this company wants people to talk with them directly), and was told that of course I could file a claim, they would take care of everything and then contact the other insurance company to get reimbursed. But when I asked whether this would raise my rates, they COULDN'T TELL ME. It is, according to them, not *possible* to inform me whether this or any other action will raise my rates. This fact alone made me disinclined to deal with them over something this minor, since it leaves it entirely up to them whether to raise my rates, and there will likely be nothing I can do about it. + +EDIT/ADDENDUM: WHY I HAD IT REPAIRED. There is certainly a little vanity involved. We buy cars new and drive them until the costs of their repairs makes it economical to buy another. So our other car is a 2003 Camry with over 200k, and I hope to drive it a while longer yet. Yes, the hole in the bumper is a small thing, but it IS a thing, I don't know whether rainwater would get in it or what it would do if it did, I didn't cause the damn hole, I wanted it fixed. I don't think this has anything to do with high insurance rates, except to the extent that it costs so much to fix, which is not my fault. Insurance companies don't charge based on what things cost them, they charge based on what they can get away with. That's why they're so rich. + +EDIT/ADDENDUM: WHY I DIDN'T CALL THE POLICE. I thought at the time that there was a minimum amount for which one is required to call the police; I personally think that, if you aren't required to and there's no other reason to, that they have more important things to do. I've looked up that info since, and there seems to be a requirement to call if the damage is more than $1000. I don't know how lay people are supposed to judge that, given that this repair was estimated at $500-$800 and actually came in for about $500. +A newbie here, I have been reading about investments and listening to podcasts as well. And there's this one advice that everyone mentions of 'save for your rainy days'. + +As much I understand the need to have an emergency fund, I'm not sure how to go out about. Does one put that in FD? Save that in another account? Make shorter period investments? + +I'd really appreciate if I can get some advice here. + +Thanks in advance. +As I mentioned [over two months ago](https://www.reddit.com/r/wallstreetbets/comments/l2wx2p/weekend_discussion_thread_for_the_weekend_of/gkfnqqi/?context=3https://www.reddit.com/r/wallstreetbets/comments/l2wx2p/weekend_discussion_thread_for_the_weekend_of/gkfnqqi/?context=3), I was going to rehab holding GME, and I checked in on Jan 25th. During the first couple of days, I was seeing you all on TV and it really made my days. I was so proud of this sub. Before leaving, I had set my limit orders and then didn't have any computer access until January 29th. + +In the meantime, most of my limit orders hit. When I finally got computer access on the 29th for five mins, I sold the rest of my holding. + +I've now been completely sober for over two months for the first time since my early teens. For a while I had wanted to do something special for my parents as they're getting older. With this GME money I was able to buy them a car, straight cash. + +**Now that I'm back, only one question remains. What is the next YOLO?!** + +Edit: Also wanted to congratulate my man u/Deepfuckingvalue I guessed [he would reach $50 milly](https://www.reddit.com/r/wallstreetbets/comments/l2x7he/gme_yolo_update_jan_22_2021/gk8s4id/?context=3) and he did at one point + +^(Note: Due to my withdrawal for the car, the % gain is off) + +&#x200B; + +https://preview.redd.it/g2d9qd63rcr61.png?width=931&format=png&auto=webp&s=57e842f11643211c328ee783f8357f90a0a0ab6e + +&#x200B; + +# BUYS + +&#x200B; + +https://preview.redd.it/51qggjw4rcr61.png?width=872&format=png&auto=webp&s=f76e361086a8631af240fd69f6be8c62e591c768 + +&#x200B; + +https://preview.redd.it/936hgjw5rcr61.png?width=864&format=png&auto=webp&s=e6f01511225b48423efb6a36ac69cd5819b546ba + +&#x200B; + +https://preview.redd.it/uu5pgot6rcr61.png?width=883&format=png&auto=webp&s=9925db1fad91105a137b22412dadea0dc4e479e9 + +&#x200B; + +https://preview.redd.it/p9vei8a9rcr61.png?width=872&format=png&auto=webp&s=dd06b70902f099a55140237e111214d909d98607 + +&#x200B; + +https://preview.redd.it/bmpvt08arcr61.png?width=880&format=png&auto=webp&s=73422f64df54c3ae482ac9edfede1f9c3b59d2ac + +&#x200B; + +https://preview.redd.it/4k55okrbrcr61.png?width=882&format=png&auto=webp&s=2fb637fa379ef5823214b72f5c924e53153f5905 + +&#x200B; + +# Sells + +&#x200B; + +https://preview.redd.it/kvvbim6drcr61.png?width=878&format=png&auto=webp&s=456031bb7a74c6477da8076a6cfdc2b4ee50ac63 + +&#x200B; + +https://preview.redd.it/wg4ztq7ercr61.png?width=873&format=png&auto=webp&s=425efffe9f28d34dd95271b44a5bd2503f18974e + +&#x200B; + +https://preview.redd.it/gl2qc3bfrcr61.png?width=869&format=png&auto=webp&s=a9e1d88021e796b79828304fba292d471785429d + +&#x200B; + +https://preview.redd.it/2xz2mgbgrcr61.png?width=870&format=png&auto=webp&s=a6bc7ea4d0482e8a7b503083c97879310de68c27 +This is a followup [to this post](https://www.reddit.com/r/realestateinvesting/comments/m6axcv/can_i_write_off_eviction_moratorium_as_charity/):. + +For a quick summary, my tenants lease ended and they stopped paying rent and utilities in September of last year. They refused to move out or file for assistance. They refuse to let third parties into their apartment to do pest control or make repairs. My property manager believes their son (not on the lease) is selling drugs at the property, but we cannot prove it. + +Roughly 3 months in I got a court case, in which the tenants waved the CDC declaration at the judge and the judge ended the hearing. The tenants followed none of the requirements on the CDC declaration. The second hearing was 7 months in, and the judge told them they had 15 days to comply with the CDC declaration or they would issue a writ of eviction. 15 days later the judge issued a writ. 15 days after that the constables showed up to evict. The tenants showed them the CDC declaration, and the constables didn't evict. + +I asked the lawyer if they could explain the situation I was in to the constables and remind them that the CDC doesn't decide laws, that judges do, and it's just the polices job to enforce the laws. She said she has been doing that for months and it hasn't helped. She asked me to escalate my case to a superior court, which I am now doing. Her best case estimate for a resolution was a month. +Hi, I am looking for an a good read on monetary systems and policies, central banking, financial systems and banking, how money is created, how it is loaned to banking houses, how ordinary people get it, etc + +Any good suggestion? + +Thanks :) +For better or worse I rarely run into financial tear-downs and content on Reddit and elsewhere of actual businesses with actual profit & loss statements. + + +The actual P&L for month #2 of operation : [https://imgur.com/a/4s10SiQ](https://imgur.com/a/4s10SiQ) + + +I also put together a 8 minute Youtube video (Non-monetized, and i'm not selling anything on there) with a little more information on it : [https://www.youtube.com/watch?v=I4fDSXg4lnk](https://www.youtube.com/watch?v=I4fDSXg4lnk) + + +This is the laundromat I purchased in May for $85,000. I convinced the seller to carry back $70,000 of the purchase price in the form of a purchase-money mortgage at a 7% rate and 20yr amortization. Since opening we've put a total of $20,000 in capex into it including $4k in new equipment. + + +The apartments bring in \~$1350/mo with all utilities included (I hate it, but that's how it's set up), I also sub-lease the laundromat to the laundromat DBA for $500/mo , so the P&L shows $1850 total rental income. + + +Laundry income for August was $2,267.86 and vending machines were $202.55. Unfortunately I was doing a real crappy job the first half of the month segmenting income, so if I post a statement from September it'll be accurate. Just this past weekend we brought in $171 in vending sales, so that $202.55 is a bit off. + + +Anyway, the expenses are all laid out on the P&L, I double-paid insurance and all the utilities to the tune of $1k, and even with that we were in the black $433.97 for the month. I'm spending about 2hrs/wk at the laundromat doing actual work, so 10hrs of labor on my personal end, $43.39/hr of net income per hour personally spent. + + +Would my time be better spent elsewhere? Likely so, but this has certainly been a very interesting venture, and something I wanted to provide details on because while the big gurus like to talk about 200+ unit apartment complexes, these kind of laundromat deals are much easier to find with significantly less competition from other investors. +I’m only 22 years old and have the body and mind of someone twice my age because I do not have reliable access to a dentist, dermatologist, doctor, therapist, or any other form of health resource. Thus, I have several cavities I cannot afford to fill, and numerous other untreated issues. I was born into poverty, my parent makes just above minimum wage full-time, and I barely get enough to eat each month. I’ve been underweight my entire life (130 lbs). I’ve tried and tried and tried to eat well but just can’t afford healthy food. I don’t qualify for food stamps, and spend literally every waking moment of my life on schoolwork (currently in university). I’m a pretty decent student academically but am unwilling to deprive myself of having a life in order to get perfect grades. I don’t have time to have a social life, and frequently am depressed since I never really got to have one growing up due to my family’s financial problems. I don’t know if I’ll ever escape this hell and live a somewhat meaningful existence. Every year is the same. + +And yet I have friends from high school my age with wealthy parents who have been living the dream. They’re so successful. They can afford vacations, nice clothes, the latest technology, fun social gatherings. They have their own homes, cars, pets. They look great, are able to have a healthy balance of work and play, and live such a life of privilege and unimaginable excess that I will never even remotely have the chance to experience. Through family connections, they get good jobs, and then post endlessly showing off every aspect of their *perfect* life on social media, acting as if they’ve truly earned any of it. In their eyes, they’ve “won” the game of life. + +We do not live in a meritocracy. There is no social mobility anymore. This kind of inequality is insane and is going to result in massive civil unrest before long. Millions upon millions of people struggle DAILY to meet their basic needs, while the richest indulge in wasteful hedonism. Rich kids are set for life, have massively unfair advantages, and are told from the cradle they’re superior. Poor kids have every barrier imaginable to overcome, and will probably never fully escape the socioeconomic conditions of their birth. Our educational system is also rigged in every way against the poor. Those with money will always view us as inferior. Every single fucking aspect of life in the U.S is made 10000000x more difficult and stressful if you do not come from a financially well off family. +It seems logical to me to get this debt off of my back as quickly as possible so that I can start to save/invest my money, but of course I could be wrong about that. + +My job will pay a salary of about $80k per year. + +Edit: People keep asking just what my job is. I’m an airline pilot, First Officer. +Had minor outpatient surgery on Wednesday, drove myself home. +Started bleeding inside. A lot. Ended up in the hospital for emergency surgery. + +I will recover, but it will be weeks. I have a stent in to let all the blood out. + +I have good insurance, but so what if it costs me 20K? 50K? + +I'm not worried about it. + +What if I can't work for a month or two and stop getting paid? + +I'm not worried about it. + +What if I lose my job because I can't return to work this year? + +I'm not worried about it. + +This is the privilege of being FI. + +It shouldn't be that way. You shouldn't need a net worth of a million bucks to get the medical attention you need. I am so thankful for this privilege that many people or even most people do not have, but I am sorry this privilege is necessary just to be well. +**Preamble:** There is no way around it. A vast majority of us Redditors absolutely hate The Motley Fool. I feel that it’s justified, given their clickbait titles or “5 can't miss stocks of the century” or turning 1,000 into 100,000 posts designed just to drive traffic to their website. Another Redditor summed it up perfectly with this, + +>If [r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) and [r/stocks](https://www.reddit.com/r/stocks/) can agree on one thing, it’s that Motley Fool is utter trash + +Now that that’s out of the way, let’s come to my hypothesis. There are more than 1 million paying subscribers for Motley Fool’s premium subscription. This implies that they are providing some sort of value that encouraged more than 1MM customers to pay up. They have claimed on their website that they have 4X’ed the S&P500 returns over the last 19 years. I wanted to check if this claim is due to some statistical trickery or some outlier stocks which they lucked out on or was it just plain good recommendations that beat the market. + +Basically, **What I wanted to know was this - Would you have been able to beat the market if you had followed their recommendations?** + +**Where is the data from:** The data is from Motley Fool Premium subscription (Stock Advisor) in Canada. Due to this, the data is limited from 2013 and they have made a total of 91 recommendations for US-listed stocks. (They make one buy recommendation every 4th Wednesday of the month). I feel that 8 years is a long enough time frame to benchmark their performance. If you have seen my previous posts, I always share the data used in the analysis. But in this case, I will not be able to share the data as per the terms and conditions of their subscription. + +**Analysis:** As per Motley Fool, their stock picks are long-term plays (at least 5 years). Hence for all their recommendations I calculated the stock price change across 4 periods and benchmarked it against S&P500 returns during the same period. + +a. One-Quarter + +b. One Year + +c. Two Year + +d. Till Date (From the day of recommendation to Today) + +Another feedback that I received for my previous analysis was starting price point for analysis. In this case, Motley Fool recommends their stock picks on Wed market close, I am considering the starting point of my analysis on Thursday’s market close price (i.e, you could have bought the share anytime during the next day). + +**Results:** + +https://preview.redd.it/oo61ht373bw61.png?width=623&format=png&auto=webp&s=8c8d785445785475c739f84ea3638bb820420bb2 + +As we can see from the above chart, Motley Fool’s recommendations did beat the market over the long term across the different time periods. Their one-year returns were \~2X and two-year returns were \~3X the SPY returns. Even capping for outliers (stocks that gained more than 100%), their returns were better than the S&P benchmark. + +https://preview.redd.it/qo4xaop93bw61.png?width=623&format=png&auto=webp&s=8bf4985e21430a811827242ce9b3587e9a4ae25a + +But it’s not like all their strategies were good. As we can see from the above chart, their sell recommendations were not exactly ideal and you would have gained more if you just stayed put on your portfolio and did not sell when they recommended you to sell. One of the major contributors to this difference was that they issued a sell recommendation for Tesla in 2019 for a good profit but missed out on Tesla’s 2020 rally. + +**How much money should you be managing to profitably use Motley Fool recommendations?** + +The stock advisor subscription costs $100 per year. Considering their yearly returns beat the benchmark by 13%, to break even, you only need to invest $770 per year. Considering a 5x factor of safety as historical performance cannot be expected to be repeated and to factor in all the extra trading fees, one has to invest around $4k every year. You also have to factor in the mental stress that you will have to put up with all their upselling tactics and clickbait e-mails that they send. + +**Limitations of analysis:** Since I am using the Canadian version of Motley Fool’s premium subscription, I have only access to the US recommendations made from 2013. But, 8 years is a considerably long time to benchmark returns for the service. Also, I am unable to share the data I used in the analysis for cross-verification by other people. + +But I am definitely not the first person to independently analyze their recommendations. [This](https://www.researchgate.net/publication/321057021_Evaluating_the_performance_of_the_Motley_Fool%2527s_Stock_Advisor/fulltext/5a0af7be458515e482743bf9/Evaluating-the-performance-of-the-Motley-Fools-Stock-Advisor.pdf?origin=publication_detail) peer-reviewed research publication in 2017 came to the same conclusion for the time period that was before my analysis. + +>We find that the Stock Advisor recommendations do statistically outperform the matched samples and S&P 500 index, since the creation of Stock Advisor in 2002 regarding both short-term and long-term holding periods. Over a longer holding period, the Stock Advisor portfolio repeatedly outperforms the S&P 500 index and matched samples in terms of monthly raw returns and risk-adjusted measures. Although the overall performance of the Stock Advisor portfolio benefits from remarkable recommendation performances between 2002 and 2006, the portfolio still exceeds the benchmarks regarding risk-adjusted measures during the subsequent period between 2007 and 2011 + +**Conclusion:** + +I have some theories on why Motley Fool produces content the way they do. The free articles of the company are just created to drive the maximum amount of traffic to their website. If we have learned anything from the changes in blog headlines and YouTube thumbnails, it’s that clickbait works. I guess they must have decided that the traffic they generate from the headlines and articles far outweigh the negative PR they get due to the same articles. + +Whatever the case may be, rather than hating on something regardless of the results, we could give credit where credit is due! I started the research being extremely skeptical, but my analysis, as well as peer-reviewed papers, shows that their Stock Advisor picks beat the market over the long run. + +*Disclaimer: I am not a financial advisor and in no way related to Motley Fools.* +"The co-founder of Hargreaves Lansdown has lamented the fact British investors are too "insular" and allocate too much of their portfolios to the UK. + +Peter Hargreaves said that in particular UK investors may be able to benefit from allocating more to US stocks, saying this was typically the a common area of weakness for most portfolios. + +Writing in his most recent blog, the co-founder and chairman of Blue Whale Capital said long-held concerns about the expensive share prices of US companies may be something foreign investors have to simply contend with." + +Source : FT Adviser + + +Over the past few years I have significantly reduced the UK portion of my portfolio ,I am down to about 5% as opposed to 20% previously. + +In the direct shares portion of my portfolio I only hold 4 UK stocks 3 of which is in the Blockchain space. +https://www.cnbc.com/2020/07/22/tesla-tsla-earnings-q2-2020.html + +- Earnings: **$2.18 ex-items vs. 3 cents per share** +- Revenue: $6.04 billion vs. $5.37 billion, expected. +- Net income: $104 million (GAAP) + +Closing in on $1700 stock price again, a year ago it was at $260. + +Edit: Elon [smiles](https://www.reddit.com/r/teslamotors/comments/hw1pau/a_perfect_month_for_elon/): https://preview.redd.it/jx1fb21vzgc51.jpg?width=354&auto=webp&s=1f352ff6ffb566e214fcf141247635555aecef19 +“According to S&P Dow Jones Indices, **only 22%** of the stocks in the S&P 500 outperformed the index itself from 2000 to 2020.” + +https://preview.redd.it/07y3puvqbo681.png?width=765&format=png&auto=webp&s=6d16e5ef88c91da881d1b0a66ae4061ee93fc564 +For example, in developed countries like the U.K. and the USA where many jobs such as traffic police, petrol station and so on, are automated by technology. Meanwhile, developing country like india, it’s often debated that, automation will lead to high unemployment rate. So, still many jobs are left not updated with technology just for the sake of providing employment to everyone. Will that help nation’s economy growth? Wouldn’t it be better to fire any employees who seems to be redundant with technology. Therefore, the employees could be self employed in any other sector such as agriculture or healthcare where society needs people or learn the skills which world desperately needs like health care or coding. Also, even in developed countries sometimes more money poured into marketing some luxury bags, cosmetics and that provides plenty job opportunities for many. But Will that add any value to society? + +Finally, I saw some news about iPhone recently that apple company deliberately slowing down old iPhone in the name of software update so as to sell new iPhone. So, it employment has gone up in both side slowing down old iPhone and manufacturing new iPhone. Will that add any value to society? +I was 30 at the time, (now I am applying for medicare) but the neighbor asked me to help him roof his rental cabin. I had 4-5 kids by then and money was a thing of stories, not actually obtainable, dumpster diving and steel sticking out of the threads of my car tires was a more an apt description of our financial life. Saving money was like pouring water into a tank with a huge hole in it! If I did actually squirrel away 6-8 K in a year I owed it out in taxes in April! I worked so hard, one evening my wife put her hand on me just as I was dozing off and my nerves sent me to the ceiling like spiderman! Anyway I looked at that cabin I was roofing, and all the other cabins there and remembered all the old farts that I knew who had rentals, and how they lit up when speaking of the cash flow. I decided right then to get some. I reasoned it would be considerably easier to have somebody pay me each month than me pay somebody. I later found out that collecting rent has its own set of troubles as well, take February for instance, it being a short month, I barely have collected all the tens of thousands of rent, and now have to do it again! It is tough, you get all that money and then have to find a place to put it! (sarcasm alert) Anyway, my encouragement to you younger people.... it can be done and done in a way that you stay married and have a family that doesn't hate you when it is over! (feel free to comment or tell us your story) +“He had hoped he and his wife, his mother-in-law, roommate and four pets would be among them. But leaving would have required money for gas and a hotel room — something they didn't have. +Out of desperation, Owens went to ACE Cash Express on Saturday and submitted documents for a payday loan. He was denied, after being told he didn’t have enough credit history.” [(link)](https://abcnews.go.com/US/wireStory/afford-leave-cash-gas-flee-ida-79711285) + +Was glad to see a major news source talking about this. Also everyone should read [this](https://www.reddit.com/r/povertyfinance/comments/pd925y/after_what_happened_during_hurricane_katrina_why/) Poverty Finance post from yesterday. + +EDIT: Sorry, the source is actually the AP, just posted on ABC News website. +Thought I would add something for a change, take this FWIW. Here is my strategy: + +1 - DCA +I am buying this week. I will be buying next week and the week after. Catch a falling knife, wait for the bottom, blahs blahs blahs. I am buying. I am mostly in index funds, although I have positions in several large companies also. I have been around a while, possibly longer than many people here. I was also buying in 2008 when people were freaking out and I have done quite well + +2 - Unsubscribe from this sub +Seriously. This place has become a fear mongering echo chamber lately. Last week people were asking if they should buy at all time highs. Now people are shitting themselves because everything is on sale. I am going to Unsubscribe and try to focus more on my side hustles to generate more cash for buying (see item #1). I am not saying this to be a dick. I am saying it because it is legit unhealthy to freak out and surround yourself with other people that are freaking out. + +Take a deep breath. New flu strains surface from time to time, it is very cyclical. Yes, things will get a little worse, but it will rebound and people who buy will be the beneficiaries (don't buy with your rent money obviously, just be smart). Watch what happens when a vaccine is announced. + +Just my two cents. I am going to Unsubscribe now and go for a run. Because good mental & physical health is key. + +Downvote away and peace out brothers. +Almost every article I read says that you should not have more than 5-8 mutual funds in your portfolio as a young investor. But then I also read that you should be diversifying your portfolio and not all eggs should be in one basket! + + +What is the benefit of investing in one large cap fund vs 3-4 large cap funds that perform similarly? What happens if the fund house goes down (something like Franklin Templeton)? + + +What should one do if they already have a portfolio with multiple similar funds? Is there any benefit to switching all of them into a single fund? It feels cumbersome and counterproductive. + + +For background: + +I am in my mid 20s and have been investing since 3-4 years. Initially I started out with investing in mutual funds with the sole purpose of saving tax so most of my investments were in ELSS. + +A year or so back I started SIPs as well as did some lump sum investments with the goal of growing wealth and not just to save taxes. I have a 60-40 equity to debt allocation but it is spread across 16-18 funds. + + +How paramount is it to have a minimalist portfolio? Is it just to make life easier when trying to review/rebalance or is there an actual benefit in terms of performance. + + +Thanks for reading, any advice is appreciated! +Not a fun post to write... + +My spouse and I are on the verge of divorce... likely when, not if. Both are decent earners ($300k+) with a young kid in a HCOL area. + +While I'm not without my flaws, they've become verbally abusive, in particular in front of our kid, which is a red line for me. There are other issues, but this isn't a therapy post. + +Rather, I'm looking for ways to trade money for an easier transition for the little one. Outside of having one individual retain the home (and carry the mortgage), are there any other recommendations? Not burning money on lawyers and a protracted custody battle is an obvious one, but I'm wondering if there are others we should be considering (e.g., overpaying for a nearby 2nd home, etc)? + +Thanks in advance. +You'd think people here would want to be realistic about the asset, but instead they hop on this insane bandwagon of crazy denial! In my opinion, we are absolutely in a bear market. It's fine to admit it, it's worse to deny it. +Bitcoin isn't magic, it will always have bulls and bears like every single other asset. It's more helpful to discuss it rather than to treat is a god who does no wrong! +This isn't a place where we can discuss the market anymore, it's just an intense bullish echo chamber. +I get the optimism, but it prevents realistic conversation. Anyone who tries to discuss the bear run is downvoted for some reason. +I understand no one wants to talk about a bitcoin w inter but it is inevitable, I just can't understand why people are reluctant to see it's possible we're in one. + +Edit: I sincerely appreciate this thread. It gives me hope for the future of decent conversation. Enough with the mania, let's be mature and supportive of our asset. We're all invested, and we're all believers. I can't wait to buy a can of coke in the local shop with Bitcoin! +Hi All, + +&#x200B; + +A few weeks back my partner and I put in an offer for a house (715,000) - In Melbourne. We were unsuccessful, yet, we saw that the place we put an offer in for sold for $715,200. It seems like the real estate agent has worded up a friend or something of the like? + +I realise the offer is higher, yet could the agent not have let us know and we could have gone higher. + +Is this dodgy or something that commonly occurs? + +&#x200B; + +Thank you, +Seeing the chart of IRCTC, I am beginning to regret not buying it on the listing price. + +The experts felt the the rally towards ₹900 was like something on steroids. But, now it around ₹1500. + +[Irctc](https://i.imgur.com/48ir498.jpg) +Hopefully this will reach at least one person, a lot of folks have seen their 401ks nuked or just had their income cut close to zero. You look online for ways to make money at home and stumble across forex trading, an endeavor where 95% of traders fail in the long term and the liquidity of newbies is exploited to fill the orders of the more experienced. If you ever go in to trading with the mindset that you NEED to win the next few trades to pay off that next bill, consider the money already lost. A massive part of being successful in trading is mindset, as soon as desperation kicks in you force yourself to close your winners early and think letting your losing trades run is a good idea. + +When trading from desperation as a complete beginner, you typically follow the Dunning Krueger curve to the letter + +https://onlinepethealth-info.com/wp-content/uploads/2019/12/Dunning-Kruger.jpg + +You have your euphoric high at the peak of mount stupid, and will quickly feel the crippling suffocation at the valley of despair. “You drank deep and you paid the price.” + +Then it’s time for you to climb the slope of enlightenment. However, the only tool in your toolset is your shovel that you use to get to the bottom of the pit of despair. If you insist on using what you only know as a beginner, that shovel will dig deeper than you were. I swear to god if you keep trading before you take the time to learn you’ll lose everything. + +It’s a slow climb, you aren’t ever going to get that high of paying your bills through your incredible, home brewed strategy and wits alone anytime in the next year unless you insist on degenerate gambling. You are not the outlier. Sit back, complete the entire babypips course, and don’t use any tool without being able to answer “what is the fundamental paradigm driving the efficacy of this tool?” + +Your desire for trading should stem from a passion for the art of the execution, not the desire for short term gains. You don’t buy a guitar and go street performing the first week. If you bought the guitar to make money, sure, you can once you master it. But if you head out your first week, you’re going to embarrass yourself find yourself in debt. + +Good luck! 95% of traders fail because they insist they have nothing left to learn no matter where they are on the Dunning Krueger Curve, which is a poor choice in a fluid and evolving market condition. A true master is an eternal student, you can do it, just don’t plan for profitability any time in the next year. Never trade with money you CAN’T AFFORD TO LOSE. THAT MEANS THE MONEY FOR NEXT MONTH’S BILLS. Go forth! +Hopefully this will reach at least one person, a lot of folks have seen their 401ks nuked or just had their income cut close to zero. You look online for ways to make money at home and stumble across forex trading, an endeavor where 95% of traders fail in the long term and the liquidity of newbies is exploited to fill the orders of the more experienced. If you ever go in to trading with the mindset that you NEED to win the next few trades to pay off that next bill, consider the money already lost. A massive part of being successful in trading is mindset, as soon as desperation kicks in you force yourself to close your winners early and think letting your losing trades run is a good idea. + +When trading from desperation as a complete beginner, you typically follow the Dunning Krueger curve to the letter + +https://onlinepethealth-info.com/wp-content/uploads/2019/12/Dunning-Kruger.jpg + +You have your euphoric high at the peak of mount stupid, and will quickly feel the crippling suffocation at the valley of despair. “You drank deep and you paid the price.” + +Then it’s time for you to climb the slope of enlightenment. However, the only tool in your toolset is your shovel that you use to get to the bottom of the pit of despair. If you insist on using what you only know as a beginner, that shovel will dig deeper than you were. I swear to god if you keep trading before you take the time to learn you’ll lose everything. + +It’s a slow climb, you aren’t ever going to get that high of paying your bills through your incredible, home brewed strategy and wits alone anytime in the next year unless you insist on degenerate gambling. You are not the outlier. Sit back, complete the entire babypips course, and don’t use any tool without being able to answer “what is the fundamental paradigm driving the efficacy of this tool?” + +Your desire for trading should stem from a passion for the art of the execution, not the desire for short term gains. You don’t buy a guitar and go street performing the first week. If you bought the guitar to make money, sure, you can once you master it. But if you head out your first week, you’re going to embarrass yourself find yourself in debt. + +Good luck! 95% of traders fail because they insist they have nothing left to learn no matter where they are on the Dunning Krueger Curve, which is a poor choice in a fluid and evolving market condition. A true master is an eternal student, you can do it, just don’t plan for profitability any time in the next year. Never trade with money you CAN’T AFFORD TO LOSE. THAT MEANS THE MONEY FOR NEXT MONTH’S BILLS. Go forth! +🌐 www.everrisecoin.com +✍ Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a + +EverRise is the first first serious asset backed security in the crypto market. + +* $9.8M used so far in Strategic buy-back burns (17.4% of circulating supply) + +The EverRise "Kraken" Strategic Reserves are deployed at specific moments to keep an uptrend going or break a downtrend. This is unique and a true revolution in the crypto world: a coin that can reverse downtrends, a big insurance for investors and long term holders. Holders are additionally "auto-staked" instantly receiving 2% of the transaction volume and you can watch your wallet grow in real-time. + +With #EverRise, we all $RISE together + +EverRise is the original and first ever buy-back hyper-deflationary token on the BSC. The same way SafeMoon paved the way for thousands of other coins to introduce the redistribution to holders, EverRise is the first to introduce this BuyBack feature on top of redistribution to holders. + +In the stock market environment, BuyBack means buying back the shares of a company in the open market, which increases the value of the stock. At EverRise, they chose to apply the Buyback concept to cryptocurrency, and make the token more attractive to hold. + +On the EverRise protocol, a 6% transaction fee is stored in the contract and used periodically to buy-back tokens from the market and then instantly burn them, decreasing the circulating supply and increasing the value of your tokens to save investors from massive dumps when is necessary. EverRise token holders also benefit through a 2% static rewards based on transaction volume. + +Everrise is the first token to implement smart analytics and tactics to beat financial adversities on the blockchain trough the use of the revolutionary buy-back feature. + +EverRise is additionally working on three dApps: EverOwn, EverLock and EverSale. Those projects will solve problems on the crypto industry and will be a source of revenue for the project and the holders. + + +📄 TOKENOMICS 📄 + +* 6% Buyback tax, used for true burns immediate strategic upward effect on price +* 3% Marketing +* 2% Distributed to Holders + +✅ ACHIEVEMENTS ✅ + +* Listed on CMC, CoinGecko & Blockfolio +* 4K BNB Presale sold out in 10 seconds +* 59K+ Holders +* 32K+ Members on Telegram +* $45m+ Market Cap +* $10M 24hr Volume +* $2M+ "Kraken" Strategic Reserves (6.7k BNB) +* $9.8M used in Strategic buy-back burns +* Listed in 3 Exchanges: BKEX, LBANK & ZT Global (though buy on Pancakeswap 😎) +* Code audited by Certik and Techrate +* Big marketing wallet for non-stop promotion +* 2nd July NY Times Square Billboard +* Luna PR as agency of record +* Most searched token on CoinMarketCap https://twitter.com/CoinMarketCap/status/1411859090964467714 +* Donated $100,000 to Binance Charity Fund + +🔼 NEXT STEPS 🔼 + +* Video Doxxing AMA with Certik +* 11th July Btok ads in China start (#1 spot in a fully supported campaign) +* dApp EverOwn (Contract locking; allowing community vote to unlock if fixes need to be made) +* dApp EverLock (Liquidly locking) +* dApp EverSell (Pre-sales) + +✍ Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a + +🌐 Website: https://www.everrisecoin.com (with whitepaper) + +🐤 Twitter: https://www.twitter.com/EverRiseToken + +💲 Twitter Price Bot: https://twitter.com/everrisewatcher + +📢 Telegram: https://t.me/everriseofficial + +📌 Discord: https://discord.gg/EverRise + +🌿 Reddit: https://www.reddit.com/r/EverRise/ + +📋 Certik Audit: https://www.certik.org/projects/everrise + +🔒 Liquidly locked for 1 year: https://dxsale.app/app/pages/dxlockview?id=3651&add=0&type=lpdefi&chain=BSC + + +With #EverRise, we all $RISE together + +*Note*: Make sure you are buying the correct contract! + +Easy way to ensure you are buying the correct coin is to switch on the "PancakeSwap Top 100" list: + +In pancakeswap when buying; when you choose which coin to buy switch on **"PancakeSwap Top 100"** in Manage Tokens to have the real EverRise (with icon) show up as an option and use 13% slippage. + +Anyone can create a token with a duplicate name, make sure you have the correct contract, do you research before buying, check the graph, make sure its the correct token, has the correct market cap, good liquidly etc. + +Can also buy via poocoin and then you are looking at the graph while buying so you are sure its the correct token (Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a) + +With #EverRise, we all $RISE together +What are some of the polite ways you guys answer this question without “aww I can’t really say”? Just lie? Say some low number? Had a buddy ask who makes around $5k a month and, the question already being awkward, is even more awkward when they know I make way more and just lie. So what’s the best approach here without giving away anything substantial or coming across like a total douche? + I’ve been part of the PinkPanda community since the beginning, and the work being done there continues to impress me every day. This team is as transparent and as active as it gets. They are constantly in the chat answering questions, all the while doing incredible work behind the scenes to push this coin forward. + +A list of accomplishments so far, barely a week and a half since launch: + +Version 1 of the mobile app released for iOS and Android + +Audit completed by Dessert Finance + +Contract renounced + +Owner doxxed + +Almost nightly informal AMA’s, with an official twitch AMA last Sunday + +$1000 donated to the American Cancer Society + +And let’s talk about the chart. It’s as healthy of a chart as I’ve ever seen, especially for a BSC coin. Steady, consistent, growth ever since launch. And with all the plans coming, I don’t see it slowing down anytime soon. + +This coin is still pre-CMC listing. A ton of updates are still coming for the app, the biggest of which will be a 5x leveraged mobile DEX. That is an incredible use case for this coin! It would be both the first DEX with leverage and the first with a mobile app. We know that trading on BSC is not always easy, and not very accessible to the average investor. Imagine how much that would change with the ease of use of a mobile DEX. The leverage and other built-in functionality (like limit and stop orders) will help bring maturation to BSC trading and further increase the appeal to more traditional traders that are used to these options. + +Sometimes lost in all of this is that this coin also has a charitable mission. $1000 has already been donated to the American Cancer Society, with much more on the way. + +Tokenomics + +1 quadrillion total supply + +Breakdown: + +50% burned (500T) + +20% presale (200T) + +20% initial liquidity (200T) + +5% charity and community airdrop wallet (50T) + +5% dev and marketing (50T) + +Taxes: + +5% of each transaction auto-locked in liquidity on Pancakeswap v2 + +5% of each transaction automatically redistributed to PinkPanda holders + +This one is going places. I have never had so little anxiety about a coin. I go to sleep, I wake up, the chart continues to grow. The dips are eaten faster than I’ve ever seen. The future is so bright for this coin it’s blinding. You won’t regret joining this one, both for the long-term potential, and the amazing, fun, welcoming community of pandas. Hop in the telegram and check it out for yourself! + +Telegram:@PinkPandaDefi + +Twitter:@PinkPandaDefi + +Website: pinkpanda.finance + +Reddit: PinkPanda + +YouTube: Pink Panda Finance + +Medium: PinkPandaDefi + +Twitch: pinkpandafinance + +Bamboo soon. +I have lived in my place for 3 1/2 years. I am a damn good tenant. I pay my rent on time, take care of the rental, and never ask for anything. My landlord is a lazy bum and everyone in the property hates him. + +I took a huge income loss over the past couple months due to Covid. I've been lucky enough that I was able to get various forms of assistance from food stamps to a grant from my work to energy assistance. I found out I was eligible for rental assistance so I applied. I received a message from the housing authority on Aug 12 that they were going to proceed with my application but they would need some forms filled out by the landlord. + +The problems started with him right away when I told him that I had papers for him to sign. First, he actually questioned the validity of the application. I said it's from the state, the housing authority. Then he made multiple excuses for not filling it out from "the library wasn't open for me to print" to "I don't know how to answer some of these" to "I don't normally fill these out unless someone is in arrears." Just friggin shut up and fill it out. + +After several weeks of excuses, I knew time was ticking and they'd wind up withdrawing my application. I emailed the rep from the housing authority that I had been working with and told her that on numerous dates, I contacted the landlord and he has been non-compliant. I left his name and phone number. + +The housing authority called him and told him he needs to comply. So he came by that night and filled the papers out, of course, complaining the whole time. I submitted everything the next morning. Within hours, i got a response saying I was granted the max of $2000 in rental assistance and is being deposited to my landlord within a few days. With the subsidy, my rent is going from $750 to $250 for the next 4 months. I'm being laid of next week but got hired for my dream job and am starting the week after. This rental assistance will help tremendously while I transition jobs. + +Thanks for the gold! +A while ago I had a friend who was in his early 30s. He worked a normal 9am - 5pm job and on the weekends did delivery driving. Everything about him was unremarkable. He had a good social life, everyone liked him and he enjoyed playing football. But one thing about him stood out. + +One day we were in the car together and the topic of home ownership came up. I asked him if he was planning to buy a house, to which he said it was a dumb idea. He told me he was already living with his parents and that given his low expenses, buying a house would only be a lifestyle choice, a "liability" as he so described it. + +Rather, he told me that he was on his way to buy his second investment property, so that he could have someone else pay off the mortgage for him, whilst building equity and benefitting from capital growth. An investment property is an asset, a house (with a mortgage) which is a PPOR is a liability. + +At the time, I did not know much about finance and did not pay too much attention to this. But I often wonder whether how many people live like this? (Ie in your 30s or 40s, living with parents, paying very low board or no board at all, and having 2-3 good investment properties). + +**I am not saying this is good or bad, but I just wonder how many people go down this route as opposed to the traditional method of buying a PPOR first and then buying investments. It would seem to me that buying IPs first is advantageous (yes you do pay extra in stamp duty, but you have way better serviceability).** + +Thoughts? +I'm 27F and am a stripper and also work a part time job helping special needs kids. I love my job helping the kids. I'm sick of being a stripper and want to have financial freedom without having to dance anymore. + +My problem is that I struggle with mental and physical issues which makes holding down a job hard. Working with kids and being a dancer have been some of the few jobs that I can actually hold down. + +Working with kids has been great for my mental health but I don't get enough hours and so I work part time as a dancer to help cover my bills (which are $4000 in total a month). + +What should I do? + +Dancing allows me the freedom to keep my amazing job work with kids but dancing kills my spirit. It's a nightmare. Countless times I've been assaulted and I needed out. + +Any advice would be appreciated. +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). +There is nothing meaningful we can contribute to this question. It's been asked and answered hundreds of times, and I feel like it's not a good question for real estate investors to be asking reddit. + +The only benefit I see to allowing it is it might get more people involved in the sub. + +Perhaps we could crowdsource a good community answer to the question so the thread doesn't just get locked without an answer? + +Something like: + +* If you want to make more money/have not yet retired you shouldn't ever payoff your loan. Using that money to instead buy another property will always return more money over a long period of time. +* Even if you are not ready to buy another property at this moment the stock market consistently returns over 5% even over relatively short periods of time. As a result if your interest rate is under 5% you will make more money on the stock market. Mortgage rates are heavily subsidized by the government which is the only reason they can offer such good loans. +* If you value security over income/have retired you can consider paying off your loan. While the stock market will consistently make more money over a long time period than most mortgage rates, the security offered by paying off your loan may make sense if your goals value security over better returns. +I went from making $15 an hour 10 hours a week... +To $23 hours an hour and 30 hours a week! I’m eternally grateful for this increase. I know it’s still not major money but for me it helps a lot! +My wife and I make about $200k combined and have $140k available (proceeds from selling our last house) for a down payment without dipping into any other savings. We have no outstanding debt of any kind. + +By our math we can afford a house up to about $650k and even $700k if it's PERFECT (no renovations or major work of any kind in the first 5-10 years). + +We're looking for outside people to confirm to us we're not crazy. Obviously the lender has said, sure you can afford more than that even! But we take that with a big grain of salt. + +Thoughts? Are we right on the rough numbers here? +I can clearly visualize the shfs meeting with their psyops team now. The psychologists have formulated what they think is the best plan of attack. “You’ve got to make them think they’ll never see green again. Make them believe it’s hopeless. That the game actually IS rigged in our favor. That we can keep manipulating the price downwards forever and that every week it will close just a little bit lower than the week before. On and on until the investment has lost all its value. Make them believe the dream of green is a dream of the past.” + +Well guess what you unethical piece of shit spineless pathetic excuse for human being psychologists? We have psychologists too. + +The paradoxical fact is that the very obsession with keeping it from touching green is all the psychological proof we need to know you’re at the end of your rope and nearing defeat. Because in the big leagues finishing a couple bucks in the green or a couple bucks in the red doesn’t matter. What matters is long term trajectory if you’re a shareholder or getting puts or calls in the money if you’re playing derivatives. + +By tanking the price hard every time it approaches green you’re showing your hand to any psychologist worth his salt. You’re trying to instill feelings of powerlessness, hopelessness, despair, apathy. But the fact that we know you’re trying to do that instills us with feelings of power, hope, and purpose. Never selling, never backing down. Only hodling with diamond hands and buying. And again, a huge fuck you to the psychologists who have attempted to use your training in human nature to screw over your fellow man. The heroes of psychology of the past on whose mighty shoulders you stand would be deeply ashamed of you. +&#x200B; + +[https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html](https://www.cnbc.com/2022/07/13/inflation-rose-9point1percent-in-june-even-more-than-expected-as-price-pressures-intensify.html) + + The consumer price index for June was expected to rise 8.8% from a year ago, according to Dow Jones estimates. + + + +Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday. + +The consumer price index, a broad measure of everyday goods and services, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked another month of the fastest pace for inflation going back to December 1981. + +Excluding volatile food and energy prices, so-called core CPI increased 5.9%, compared to the 5.5% estimate. + +On a monthly basis, headline CPI rose 1.3% and core CPI was up 0.7%, compared to respective estimates of 1.1% and 0.5%. +In 2010, I decided to buy myself hair clippers. I bought it for £24.00. + +Still going strong and I saved around £15.00 per month on barber fees. + +So saved almost £2000.00 (excluding fuel cost driving to the barbers ) over the past 12 years. + + +What have you bought that save you money? + +I would like to know and to see if I can copy any relevant ideas. + + +Thank you. +After a long time of very responsibly trading blue chip stocks for modest gains single digit gains, last week I started contriving a plan to get into oil and "hit it big". + +I spent at least 40 hours considering all my possible options. Then on Monday afternoon, it became clear to me - **it was time to strike**. I put 50% of my money in. + +Tuesday morning was not fun. + +Here's what I learned: + +* **Don’t ever buy something you don’t FULLY understand.** On Monday, I bought into USO as oil prices bottomed, thinking I was buying into a fund that was purchasing up all of the May Futures contracts. I thought USO was rolling out of April and into May, and they were conveniently buying up all the world’s WTI at bottom of the barrel pricing. I saw the warnings all over the place that people didn’t understand that USO was based on futures, not spot prices. I KNEW USO was buying futures, not spot. I thought that meant I understood the warnings. I didn’t know that the real risk was that I didn’t know which months I was buying into. The funny truth is that they weren’t even making most of their moves on Monday. I was WAY off. +* **Don’t trust third party sources on the details - not even your bank.** Both Yahoo Finance, and my bank - RBC Direct Investing - have incorrect information on USO and most major ETFs. For as long as I have been looking (2 weeks), they've said USO is holding April WTI Futures. This is 100% false: [https://i.imgur.com/bOm0JEQ.png](https://i.imgur.com/bOm0JEQ.png) I thought this meant that USO had to sell all those contracts and move into May contracts on Monday. I thought USO was being paid to take a bunch of oil that they would then have all month to get rid of. But that's not how this works. +* **The word “ETF” is used extremely loosely.** An ETF like SPY or ZQQ.to, is absolutely nothing like all the ETFs out there that are “attempting to track daily movements of \_\_\_\_\_\_\_”. An "ETF" is just a fund. Don’t buy into ETFs that you do not FULLY understand. Read the actual prospectus. +* **Do not underestimate the number of stupid investors out there.** As I watched WTI plummet in real time, I immediately saw USO skyrocketing, I thought for sure that meant that smart institutional money was piling into USO. I thought there was no way that retail investors could move a $2.5B fund that fast, but they were. That was not smart money causing the pump. It was a million idiots like me. +* **Don’t fuck around with leveraged ETFs.** In addition to USO, I purchased into a 2X leveraged WTI tracking ETF “HOU.to” at the very end of the day on Monday. I thought for sure on Tuesday morning the oil prices would bounce back up from negative, and give me a big bump. I figured, even if it didn’t work out, I could hold onto it forever until oil comes back. Wrong. You cannot hold onto these things forever. They trend towards 0 mathematically. If you can’t make gains in your first couple of days or weeks, you are probably stuck with taking a loss. You shouldn’t even hold these things more than a single trading day. ESPECIALLY in this crazy market. +* **Despite your Father's advice, you can't just be patient and hold on to everything.** [HOU.to](https://HOU.to) \- which I purchased into - is beyond toast. The company has all but told investors it’s time to cash out. After the fund lost 40% of it’s value on Tuesday, they froze it, and then released an official press release that the ETF was worth about 1/6th of its already obliterated market price. They then said pretty clearly that they no longer expected to be able to achieve the funds objectives. After a few cuss words, I basically kissed my money goodbye. Then much to my pleasant surprise, on Wednesday morning, I saw it was back up for trade. Somehow it was rising. (This goes back to not underestimating the power of stupid money.) I cashed out immediately, and was very pleased to get 2 /3 of my money back. Everyone around me was telling me to be patient and not take a loss. The fund has done nothing but post double digit losses since then, yet millions of people are continuing to trade it, when they should instead be cutting their losses. While June futures are up 70% since Tuesday, this 2x ETF is down like 50% - yet people still cling on. +* **The biggest lesson in these oil ETF’s is that NOTHING is certain in this crazy ass market.** A TON of the pain that I felt this week was caused by USO and other funds like them restructuring. USO has been rolling front month futures on a predictable calendar for 12 years. On Tuesday morning they absolutely fucked my investment in USO, and probably contributed to the obliteration of HOU.to by surprising us all with a restructuring announcement. I never in my life thought that USO was going to restructure. I thought the whole point of it was that they were legally obligated to follow a certain predictable futures trading pattern - and that certainty gave people a mechanism to buy and sell. NOPE. They can legally just do whatever the hell they want, costing retail investors like me an arm and a leg, while their fund managers continue to make 7 figure salaries. +* **Last but certainly not least, this week should be a lesson to us all that there are mammoth sized financial incongruities hidden in every corner of the global economy right now.** The insanity that has taken place in the oil industry this week should be a warning bell to us all. The 2008 crisis was caused by bad assets in a SINGLE industry. Considering the demand for everything is down by at least 30%, and the governments have propped the world up with free cash equivalent to over 10% of global GDP - it’s quite certain that there are “sub prime mortgage backed security” equivalent death traps forming in every single industry. It’s only a matter of time before more of them pop up. They could appear on Monday. They could appear in August. But anyone who is paying attention is fairly certain they are out there. +* **Be careful.** +We bought concert tickets pre-Covid for a show that was supposed to happen this past weekend (Rammstein in Philly), we even bought the insurance which we never do. + +The concert was postponed - until next year! To me that’s not a postpone, that’s a “we cancelled our concert, see you at next years tour”. Further, I don’t live in Philly and was just happening to be there the same weekend for a wedding. + +StubHub was unresponsive, would not refund tickets, offered to let us sell tickets “fee free” which is still nonsense. I could not get customer service on the phone. + +I initiated a dispute with my cc company, stubhub didn’t even respond to the dispute, so we go all of our money back. + +Don’t be afraid to dispute merchants trying to give you the shaft because of Covid. + +UPDATE: I just called stubhub, informed them of the charge back and what to do with the tickets. They are sending me a shipping label to return the tickets; all is good. +**Preamble:** Michael Burry is definitely a controversial figure. He rose to fame betting against the subprime mortgage market and making a 489% return for his investors between Nov’00 inception and Jun’08 (SP500 returned just 3% in the same period). + +But recently I observed that in every news article/tweet he always talks about an impending crash. As recently as last week, he issued another warning stating that there would a “mother of all crashes soon due to the meme-stock and crypto rally that will approach the size of countries”. Basically, what I wanted to analyze was + +**Whether Michael Burry always predicts a crash and gets lucky when there is an actual crash or does his prediction actually turns out to be true most of the time?** + +**Analysis** + +The various news articles spanning over the last 15 years was obtained from Google News \[1\]. I flagged the date of each crash prediction and then analyzed the performance of the market/stock over the + +a. Next 1 Month + +b. Next 1 Quarter + +c. Till Date + +I will not be including the subprime mortgage crash prediction in this analysis as we all know how that turned out and how that made him famous. Also, there are no news reports covering Burry before that. + +The performance figures are calculated based on the prediction. If Burry specifies a stock, then I am using that particular stock as the benchmark. If its broader prediction relating to the overall market, then the benchmark used is S&P 500. + +[ ](https://preview.redd.it/37vw6kqfle871.png?width=1028&format=png&auto=webp&s=8a15906da2158ea19b8997ffc089be1046cc6c39) + +There was a long gap of 9 years after the 2008 crash where Burry stayed out of the public view and did not make any warnings or predictions about the market. + +His first verifiable prediction after the 2008 crisis [came on May 2017](https://www.lombardiletter.com/michael-burry-stock-market-crash/10895/) where he warned that we can expect a global financial meltdown and World War 3. In his exact words + +“I didn’t go out looking for this, I just did the math. Every bit of my logic is telling me the global financial system is going to collapse” + +But it’s been 4 years since the prediction and the market is chugging along just fine. S&P500 has returned a respectable 93% till date and there is [no imminent threat](https://thebulletin.org/doomsday-clock/timeline/) of a World War happening. + +Burry’s next prediction was on [Sep 2019](https://www.bnnbloomberg.ca/the-big-short-s-michael-burry-explains-why-index-funds-are-like-subprime-cdos-1.1310874) where he said that index funds are the next market bubble and is comparable to subprime CDOs. He said that index fund inflows are now distorting prices for stocks and bonds in much the same way that CDO purchases did for subprime mortgages more than a decade ago. The flows will reverse at some point, he said, and “it will be ugly” when they do. + +This prediction also did not pan out as S&P500 has returned 50% till date over the last two years and the only crash that occurred during this period was the Covid-19 flash crash from which the market made a sudden recovery. + +Burry’s next target was on Tesla where he said that Tesla’s stock price is [ridiculous](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-reveals-hes-short-tesla-tells-elon-musk-to-issue-more-stock-at-its-ridiculous-price/articleshow/79538731.cms) and that it would [collapse](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-predicts-tesla-stock-will-collapse-like-the-housing-bubble-enjoy-it-while-it-lasts/articleshow/80171258.cms) like the housing stock bubble. I have kept both the articles there which is only one month difference as we don’t know exactly when he shorted the stock. The returns would be substantially different if he did it in Dec’20 when compared to Jan’21 as Tesla had a phenomenal run in December. + +He [reiterated](https://www.businessinsider.in/stock-market/news/big-short-investor-michael-burry-warns-the-stock-market-is-dancing-on-a-knifes-edge-and-fears-hes-being-ignored-again/articleshow/81154288.cms) again on Feb’21 that the market is dancing on knives edge and he is being ignored again. He felt the boom in day traders due to the meme stock mania and the increasing cash flow to the index trackers. This prediction also hasn’t turned out to be right as the market has returned 11% to-date over the last 4 months. + +Burry’s only prediction that we can say confidently was right after the 2008 mortgage crisis is that he called [Bitcoin a speculative bubble](https://moguldom.com/340499/michael-burry-who-predicted-2008-mortgage-crash-says-bitcoin-is-a-speculative-bubble-sends-prices-lower/) in March’21. The coin has dropped 28% in around 3 months. Even in this case, we don’t have enough data to showcase how this prediction would turn out over the next one/two years. + +Burry was most active in 2021 making the most number of predictions with the latest in Jun’21 stating that we are currently in the [greatest speculative bubble of all time](https://moguldom.com/358632/investor-michael-burry-who-predicted-2008-subprime-mortgage-crisis-says-this-is-greatest-speculative-bubble-of-all-time-in-all-things/). Only time will tell how this one will turn out! + +**Conclusion** + +I have immense respect for Michael Burry and his skills. He was a doctor and worked as a Stanford Hospital neurology resident and then left to start his own hedge fund that became [extremely successful](https://en.wikipedia.org/wiki/Michael_Burry). But, as you can see from the above analysis, he is more often wrong than right with his predictions \[2\]. + +But, stock market rewards predictions disproportionately \[3\]. Out of the 100 predictions you make, even if you get 99 wrong but get one extremely unlikely event right your overall returns will be extremely high. The key point here is that if you believe in Michael Burry, you will have to follow all of his recommendations \[4\] and not pick and choose what you feel comfortable with as most of the returns would be from an extremely unlikely scenario. + +**Footnotes** + +\[1\] Google News has a [nifty feature](https://researchbuzz.me/2019/07/22/if-youre-not-using-more-of-google-news-date-options-you-might-be-missing-out/#:~:text=As%20you%20probably%20know%2C%20Google,hours%2C%20and%20the%20past%20hour.) where they allow you to search news in specific time periods. Also, Google News seems to capture almost all the major publications other than the historical archives. + +\[2\] The current analysis is done using all the publicly available records. What we are not considering is the personal bets he made, conversations he had with his friends/family/investors etc. This can definitely alter the + +\[3\] Take the classic example of Keith Gill (aka DFV). He at one point had $50MM return using a 50K call option. Even if he had another 99 50K call options in other stocks which expired worthless, just this one right pick would have made him a next profit of $45MM. This phenomenon is known as [black swan farming](http://www.paulgraham.com/swan.html). + +\[4\] At that point, if you are that confident in his predictions, you can [invest in his hedge fund](https://smartasset.com/financial-advisor/scion-asset-management-review). Please note that you need to have a minimum capital requirement ($1 million minimum investment and some extra regulatory requirements) + +*Disclaimer: I am not a financial advisor* +Need advice on curbing my partners spending? + +Background, my partner and I only knew each other for a few months before she got pregnant, not wanting to have a split home/family we've made it work and we're going strong with our second on the way soon. + +I've come from nothing, had nothing growing up, just having a roof over my head or food on the table was a daily struggle. + +I make around 140K a year, but rent and the cost of living is eating my wages as we try to save for a house. + +My issue is, my partner is from a wealthy family, always had what she wanted/needed. + +When I get paid (monthly) and we go shopping my partner looks at what she wants, not what we need, when I put money in our joint account, it's gone on random things "we need" (hint we definitely don't need). + +When I get a bonus, extra money or even some of my paycheck, I hide it in other accounts, just to build our savings quicker. + +My question is, does anyone else have a spender holic partner? If so, how do you curb it/stop it? + +I've already spoken to her about it, however, there is no change. + + +Edit: +We have a weekly/monthly budget, I have a spreadsheet that's goes red or green depending on how we're doing. + +However, what I mean is, if we're 100/300 under budget, she looks at that as we have 100/300 to spend, when I look at it as, if we could do this every month, that's an extra 1-3K per year in the bank. + +Or when her tax return came in, she was already spending it, before she had even gotten it. + +I am tight with our money, but we could be a lot tighter. + +Lastly the point I was trying to make that we only knew each other for a few months is, I didn't know that she was financially illiterate, other than that our relationship is fine and prospering. I know that is alarm bells and concerns for people, however my thought process is we can try and fail and still only see my daughter for part of the year, or it could work out and I could see her everyday (which is massive for me) +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm excited to announce that our next AMA will be with Computershare! + +This AMA will be slightly different from previous ones as we're talking with a company rather than an individual. As such, it'll be recorded offline and posted on our [YouTube channel](https://www.youtube.com/channel/UCJ-mn_GXx-MZeL8KiNx-_IA) instead of being a live stream. We'll also post along with it a text version for those who want to read rather than listen. + +--- + +**This post is the request thread for questions.** It'll be open for questions until ***22nd October at 7:00pm EST***. + + +--- + +We're grateful that Computershare are working with us to get an AMA out for the community, however they have rules to abide to: + +**There will be no questions about specific companies they act as the transfer agent for.** + +Questions relating to the DTCC, DRS itself are fine of course. Please refer to their FAQ [here](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) for a comprehensive list of questions and answers already. Please have a scroll through to make sure what question/s you are asking are not already answered on there. Or if you want to just hear them say it, feel free to request and point that out 😅 + +We'll aim to release the AMA Video and accompanying text post **late next week**. +Hope everyone's having a good day/night, + +Just wanted to discuss the current situation largely inflated and volatile stocks such as GME and AMC. Apologies if your reading this and sick of hearing this shit. As you all know, WSB have gone up against large hedge funds, countering large short positions held against these companies. I wanted to get everyone's thoughts on the current situation. Individual investors are buying up GME at prices above 200. I have read comments of Reddit users who have investing large amounts of money following the large FOMO creating by new users of WSB. + +&#x200B; + +Among following the situations for sometime now, what is your opinion on new investors putting large sums of money into these stocks? + +People who have been following the stock for sometime would have taken up this opportunity when the stock price was under $50, But reading first time investors putting in large sums of money after the huge increase in price on 26/01/21 is concerning. + +I believe there are many who have invested amounts which they are not afraid to lose, but i have also read of many peoples who have invested or borrowed large amounts, purchasing the stock at a price above $300. From my understanding, i understand that investing is easier than ever before, and there has been a huge influx of accounts being creating to purchased hyped stocks. + +What are your thoughts? and do you believe this may end badly for some who cannot afford to lose money? + +\*not trying to scare, or discourage anyone, just looking for opinions of peoples with experience or knowledge or the topic. +In the last several months I've noticed a lot of homes for sale, that are listed by Zillow's real estate brokerage and I've realized are also owned by Zillow Real Estate Trust. The part I don't understand is that almost every single one of those homes is listed for sale at a price lower than Zillow paid for the home. And even listing them at less than they paid, they are still overpriced and typically sitting on the market 30+ days, which is uncommon for real estate in my area where a new listing usually gets 5-10 offers in the first 2 days. + +So I'm hoping someone smarter than me can tell what Zillow's angle is here and what their getting out of transactions like this? + +I feel like I must be missing something....... +Since my last post in August I have received tons of questions in my private messages and on twitter, so I figured I would share all the details of my trading in one place. Hopefully by sharing my process and strategy I can speed up the learning curve of other traders and maybe inspire some new people by showing what is possible if you work hard at trading. + +**Stats** + +* Started 01/01/2022 with $30k account +* 161 green days +* 34 red days +* 59.3% win rate +* 2.27 profit factor + +[Monthly performance](https://preview.redd.it/p0kv9o0ze3r91.png?width=622&format=png&auto=webp&s=c2689d16d2411045ac3901342036f41bb0d8f64a) + +&#x200B; + +[Months in calendar form](https://preview.redd.it/us31a8hlf3r91.png?width=981&format=png&auto=webp&s=e22ee02f688685e9bcffe283d8b05748d0063669) + +&#x200B; + +[past 90 days](https://preview.redd.it/5j4z69x5f3r91.png?width=1069&format=png&auto=webp&s=7c4bcaf28fa7fe478cf37f4d44ed88a620e80e7d) + +&#x200B; + +[2022 stats](https://preview.redd.it/unuw3kpaf3r91.png?width=953&format=png&auto=webp&s=3ea29c60e3f421a1e264f4446e3e6f7409cf0393) + +&#x200B; + +**Platform + Market** + +I am a LONG only day trader of US markets, and I trade SHARES through TD Ameritrade's ThinkorSwim partnered with DasTrader. I use ThinkorSwim for charts and DasTrader for tape/lvl2 as well as buy/sell through Das. + +**Scanner** + +I used ThinkorSwim scanner to get started and upgraded to TradeIdeas when I could afford it. I have found there to be not much benefit of TradeIdeas over ThinkorSwim scanner, for me personally. + +ThinkorSwim scanner is free to use and TradeIdeas is about 1.5k/yr so building your own on ThinkorSwim is best for beginners. (what I did) + +**Stock Selection** + +I trade ONLY low float small cap gappers that are GREEN on the day. + +* Usually less than 15m float +* Less than 500m market cap, +* Up 10% + on day. +* 250k + volume on day. + +Every stock I trade is close to or within those parameters because I am trying to find the most volatile, easy to rig, rangy names. Sometimes I will adjust the parameters to expand/narrow the scan. + +**Trading** **Style** + +I do not trade pre market and will wait the first 10-15minutes every day for the clear LIQUIDITY leaders to establish themselves. For example, today I focused on INM, ATXI, AIMD, SOBR, ATXD. + +Once the names I will be focusing on that day are becoming clear, I will check the daily chart, hourly, and 5min to mark any key levels that I should watch for tape/lvl2 interaction with. + +I would consider myself to be a micro-scalper of the tape and level2 based on key levels. + +* Discretionary systematic +* Reading price action +* Higher lows, vwap reclaims, breakouts, offer traps, other discretionary dip buys +* Vwap and 100 ema only + +I do not ever look at SPY, VIX, BTC or any of the large indexes, it is irrelevant to my trading. + +An example trade would be a stock rips 30% out of the open, then falls back to a key level I have marked (sometimes vwap). If the stock bounces at my key level I will wait for a higher low dip and if tape + volume confirms I will buy with them and join the new trend. + +**Level2, Tape.** + +My edge comes 75% from reading tape + lvl2 and 25% from chart setup. The chart setup tells me when to watch the tape + lvl2 closely, and I can identify my entry based on the tape at a certain level. + +I learned to read tape from watching MadazMoney on YouTube but once you know the basic premise of what to watch for it is all about screen time and experience to develop your own intuition and feel for the tape. + +**Fundamentals** + +I do not check news, read filings, track institutional ownership, look at earnings, or consume a single piece of information about the company I am trading. I trade the raw price action and chart exclusively. + +**Risk** + +My risk management is extremely tight and a bit unique. My entries are based off of buying when I see other buyers on the tape that have "protected/soaked" a level. If I take an entry on a dip candle then my risk will be the low of that same candle or a very small risk below that because I am entering after buyers have made their presence clear on the tape. If buyers are not willing to protect a level they were aggressive at just moments ago, why should I stick around? + +This means my losses are extremely small in size because my risk is often 5-10 cents below my entry. That concept is reflected in my profit factor which is on average around 2.5 and for this month was 4.47. + +That is the best way I can describe my risk management because my trading is so heavily discretion based. + +**Study System** + +To learn my foundation for small caps I spent lots of time reading and reviewing TradetheMatrix's blog posts on small cap stocks and to learn how to read tape and lvl2 studied MadazMoney's YouTube videos. + +Those 2 resources built 90% of my foundation and the rest was screen time and experience. My study system is very basic I made an empty discord server where I screenshot and annotate my prints and the charts of the top runners everyday. + +I did not miss a day of studying for 6 months straight. (1-2 hours a night) + +The key is maximizing the number of hours spent studying, practicing, and ultimately trading. How long it takes to gather enough hours practicing to become profitable is up to the individual. Only through 100's of repetitions and thousands of hours can you train your brain to see the trades in real time. + +**End** + +I hope this post helped those starting out or in the process of becoming a profitable trader. Feel free to ask any questions and I will do my best to answer timely. I also post educational threads, daily PNL, prints, and respond to all dm's on my twitter [https://twitter.com/kycefn](https://twitter.com/kycefn). + +Edit: I originally had a few links attached to make it easier to go to the materials I used to study, but people thought I was advertising for those sites/people so I took them out because that is not the point of the post. I made this purely to share my process and help fellow traders out. +LINK TO 16 PAGE DD DOCUMENT, CHARTS, MORE: [https://www.reddit.com/r/PVDG/comments/ledxny/dd\_document\_chart\_and\_more/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/PVDG/comments/ledxny/dd_document_chart_and_more/?utm_source=share&utm_medium=web2x&context=3) + +PVDG submitted their attorney letter and addendum Friday evening and is about to go current. It is likely they will update tiers tonight at 1am on OTC Markets. The process generally takes 2-3 business days (according to email from official OTC Markets support). Tonight would be business day 3. For more support to this theory, $NVGT and $GRPS submitted their attorney letters on Friday as well and went current last night at 1am. The reason it is takiAng an extra day for PVDG is because they uploaded their addendum document after hours following the attorney letter submission a few hours earlier in the day. + +What happens when we go current? Well for starters, going current alone is a catalyst for PPS growth. Both GRPS and NVGT are up 20% today just from going current last night. These stocks have significantly less following than PVDG! Not only that, but going current will allow PVDG to legally release PRs and officially name change to VirExit. The CEO James Katzaroff has confirmed multiple PRs to be released as soon as the company goes current. Perhaps the most exciting part about this stock is the cult following it seems to have achieved online. We have seen many times over that when a stock attracts a cult like following on social media, it tends to outperform PPS expectations. + +Here are some statistics for how hot this stock is becoming across several platforms: + +\- Over 3000 followers on Stocktwits + +\- Over 1800 followers on PVDG official company Twitter + +\- Over 250 people have joined the PVDG discord channel in 2 days + +\- Over 160 subscribers to the PVDG subreddit - Ogspacattack, Alex Delarge, ClayTrader, and other big names in the community are very bullish on this stock + +The best part? This stock is not a pump and dump. The float is pretty much locked and the people holding know what they own. It has been stair stepping nicely for TWO MONTHS and consistently churns at higher lows and gaps up to higher highs. The chart can be found in the link above and it's a thing of beauty. Today could be the last day for early entry on this diamond in the rough. +I don't know what this fantastic community is going to evolve into... but I'd welcome a quick way to separate out the riff from the raff.... + +Edit: XXX Hodler + +Edit2: Firstest ever award! Thank you! + +Edit3: obligatory reminder not to spend any potential rocket fuel on awards. (But thank you). + +... Automod tells me more letters. So I'm adding on more letters. And probably a few more letters. And just a few more, because not typing this out a FOURTH time. (Seriously, is this enough? *asking for a friend) +I'm so excited...this should help us with fixing up our home and eventually paying off debt....I need all the well wishes I can get + +Edit: thanks everyone for your support. It means a lot. I've had hard times but I can't help to think that better times are ahead. + +Edit 2: wow guys. I'm blown away by your kindness truly . All of you are real gems +Hello Apes, + +Cheers to all the hedge funds forcing my brain into growing a few wrinkles! I wouldn't be here today without you! Y'all ready for that dank confirmation bias? Don't forget to puff puff pass this on to any relevant subreddits. + +&#x200B; + +https://preview.redd.it/r4om962gyiu61.jpg?width=580&format=pjpg&auto=webp&s=9846487bfc3af3409d8650661eca9e72c87943ac + +We all "know" there is some major fudgery going on. One of the areas I personally understood the least was Dark Pools or OTC trading. I am not going to pretend I have a masters in economics or hell that I even finished college, but I can assure you I have a black belt in google and know how to operate a spreadsheet. + +# WTF is a Dark Pool? + +&#x200B; + +https://preview.redd.it/9g3n3c1fyiu61.jpg?width=988&format=pjpg&auto=webp&s=8d62c602671b7a947fe9cf1e855f4613f1de95eb + +From Investopedia: [**L**](https://www.investopedia.com/terms/d/dark-pool.asp)**ink Removed** + +*"A dark pool is a privately organized financial forum or exchange for trading securities.* ***Dark pools allow institutional investors to trade without exposure until after the trade has been executed and reported.*** *Dark pools are a type of* [*alternative trading system*](https://www.investopedia.com/terms/a/alternative-trading-system.asp) *(ATS) that give certain investors the opportunity to place large orders and* ***make trades without publicly revealing their intentions during the search for a buyer or seller.****"* + +Well that seems nefarious on the surface. Lets dig deeper. Why is this ok? + +*"Dark pools emerged in the 1980s when the* [*Securities and Exchange Commission*](https://www.investopedia.com/terms/s/sec.asp) *(SEC) allowed brokers to transact* ***large blocks of shares***\*. Electronic trading and an SEC ruling in 2007 that was designed to increase competition and cut transaction costs have stimulated an increase in the number of dark pools."\* + +Ok, that makes sense. We wouldn't want to cause artificial price drops just because an institution is exiting a position right? + +*"A study by Celent found that as a result of block orders moving to dark pools, the average order size dropped from 430 shares in 2009 to approximately 200 shares in 2013."* + +WTF? So what is the current average size for a Dark Pool block order? + +According to smartasset : [**L**](https://smartasset.com/investing/dark-pool#:~:text=The%20average%20size%20of%20a,in%20advance%20of%20market%20knowledge)**INK REMOVED** + +*"The average size of a dark pool transaction has dropped to little more than 180 to 200 shares per transaction. This is a far cry from the original intent of ATS. Nevertheless, dark pool exchanges are built for institutional investors looking to act in advance of market knowledge."* + +That seems like normal market order size. I wonder what the average trade size on the NYSE is? + +According to seeking alpha: **LINK REMOVED** + +*"This year, the average order has shrunk to only 200 shares."* + +Well....... Fuck me (us).... + +# How about some Data? + +&#x200B; + +https://preview.redd.it/96ru5yhiyiu61.jpg?width=612&format=pjpg&auto=webp&s=c12516a9a7d1d58b0323de8ea8518cb53ec0c0f7 + +Thank goodness Dark Pool data is publicly available even if its a huge pain in the ass to sort through. Lets check what Finra has to say about the last month of available data for ohhh lets try 10 stocks. Gamestop, A certain movie theatre, American Airlines, Best Buy, Bed Bath & Beyond, Ford, General Motors, Office Depot, Apple and Microsoft. + +Data sourced from Finra OTC Transparency: **LINK REMOVED** + +Oooooo oooo ooo. Look at all these pretty colors! + +&#x200B; + +https://preview.redd.it/rg71ptmjyiu61.jpg?width=466&format=pjpg&auto=webp&s=6c556ab1eea57d48a9d178019c1f465f4ea7ca4c + +This is the main table of data I will be using to run some calculations. Anything catch your eye? How about now? + +&#x200B; + +https://preview.redd.it/ar4ipu1lyiu61.jpg?width=1440&format=pjpg&auto=webp&s=256d9a6b059657f83aebc13c72c67776b76bab15 + +Still don't see it? This is as smooth as I can make it. + +&#x200B; + +https://preview.redd.it/h83bw64myiu61.jpg?width=824&format=pjpg&auto=webp&s=a0f3b15a94988806947000021201aa6d1e76ae37 + +Ok... WTF right? 24% of GME and 15% of a certain movie theatres float is traded in Dark Pools? That can't be right. There's no way that can be right. Even the most shorted airline AAL has a ratio of 2.29%. If you average the other companies together we get .91%. That means most companies (or at least the ones here) have an average of less than 1% of their shares traded in Dark Pools but GME is almost 1/4 of all available shares traded OTC? How can that be? We will get there in a minute. + +Lets first take a look at some more fudgery. Average number of shares per trade in Dark Pools. Remember how we found out the average is 180-200 shares? Look at these numbers. + +&#x200B; + +https://preview.redd.it/xebs37fnyiu61.jpg?width=1320&format=pjpg&auto=webp&s=c9a696fc62d67c52c4f486f50edba82722b8b03b + +Lets see if we can make that easier to read. + +&#x200B; + +https://preview.redd.it/gpvhbskoyiu61.jpg?width=843&format=pjpg&auto=webp&s=17befaf7fcb78b7b0708ff5641ca47cd93e4bb95 + +So you are telling me that the system built for large block trades, that averages 180-200 shares per trade (lol already) swaps GME shares on average of less than 50 shares per trade? Get fukt! This defeats the entire purpose of Dark Pools and if nothing else lends credence to the theories circulating about rehypothecation in OTC. + +# Lets get to that sweet speculation! + +Warning: I am not a financial advisor. I don't know what the fuck I'm talking about. I am missing lots of historical context and extrapolating complicated ideas from simple numbers. With that out of the way LET'S FUCKING GO! + +&#x200B; + +https://preview.redd.it/6reenpfqyiu61.jpg?width=500&format=pjpg&auto=webp&s=ef79058db35285aecb09aa77ffcd1df6eb55a4e6 + +If we were to make the wild assumption that the average shares traded OTC to available float ratio holds at less than 1% what would it take to make these numbers line up? Great question! All you would have to do is modify a variable. That variable of course is how many shares are actually traded in the real world. We all know rehypothecation is possible and being practiced. We all know these shorts didn't cover. Lets run some numbers and see how bad it could possibly be! + +Here are two simulations. A worst case scenario where we need the numbers to actually line up with the average of .91% and a medium case scenario where we want the numbers to line up with ohhhh lets say more than double American Airlines the most heavily shorted airline stock. Sound fair? + +&#x200B; + +https://preview.redd.it/b8ew2asryiu61.jpg?width=659&format=pjpg&auto=webp&s=0e43c3f361b349456dc04d7273640c756fe73497 + +Holy Mother of all Short Squeezes! **26x** the float? 2,650% that can't be real but its possible. Lets look at the medium case instead. **4.8x** the float? WTF does this mean? It means that in order for the number of shares traded OTC for Gamestop to make any kind of sense we have to assume there are and additional **205** **million** synthetic shares flying around on the internet. + +&#x200B; + +https://preview.redd.it/s6d751wsyiu61.jpg?width=711&format=pjpg&auto=webp&s=fbe579019b674004a68e2acee6d8ef11cb787827 + +Let that shit sink in. In this "medium case scenario" that is already incredibly conservative we are talking about there being **5 synthetic shares out there for every 1 real share.** + +# Wut now? Wen moon? + +Fuck if I know dude. Tear my numbers apart. Give me better comparable. I used Office Depot because the available float is similar to GME and the business model of strip mall based retail with a small but growing ecommerce sector seems to line up. I am happy to run this again with longer date ranges and more companies but not without some guidance. It took me hours to do this and I want to make sure v2 is worth the time. If you would like to run the numbers yourself feel free to PM me and Ill send you the spreadsheet to do it yourself. I dont wanna make apes have to copy paste all this shit like I had to. + +**TLDR:** Dark Pools are being used to trade gamestop more than 20x more than any other stock I checked. The average shares per trade is 1/4 as much as any other stock I checked. Extrapolating from this data I hypothesize that there are anywhere between 260 million - 1.4 billion GME shares floating around when there should be only 54 million. + +**ELIA:** Ape pass banana up tree. give banana to smarter ape. + +MY TITS ARE JACKED! + +Edit 1: Holy hell, thanks for all the comments and awards. I am on satellite internet and its gonna take me forever to respond. Please don't take it personally. + +Edit 2: some great comments about this missing exchange volume data. I would like to include that but I have questions. Is this finra OTC data separate from public daily posted volume or is it part of it? I am assuming it's separate as it's delayed reporting. +💎Hidden BSC Gem Ready for Take Off💎 + +⭐️ShibaNova | Daily Dividends AMM DEX⭐️ + +🚀 Launch Date & Time: +Friday, August 6 - 2pm UTC + +🌐Meet ShibaNova: + +ShibaNova is the Daily Dividends DEX/AMM and Yield Farming project built on the Binance Smart Chain (BSC). 75% of all fees generated through the use of our dApp is given back to holders of our dividend token on a daily basis. This game-changing daily dividends system not only incentivizes long-term holding but promotes ownership of the project by the entire community. This is our vision for DeFi 2.0 - sustainable, secure, successful, cross-chain, and universal. + +✅ Active Community, Mods, & Admin + +✅ Lots of Ongoing Giveaways and Competitions + +✅ Unique Marketing Strategies that attract long-term HODLers + +✅ 3 Full Audits PASSED before launch by EtherAuthority, CTDSEC, & PeckShield, the premier auditor in all of DeFi (funds super SAFU) + +✅Timelock, Liquidity Locked, and MasterShiba owned by Multisig - Gnosis Safe + +✅ KYC by AssureDefi - funds are SAFU + +✅ Bug Bounty by ImmuneFi - code is SAFU + +🗓 Upcoming Plans: + +🔜 Integration with Insurance protocols (like Soteria and InsurAce) + +🔜 Potential Partnership with LossLess.Cash + +🔜 Expand beyond BSC - expansion into Polygon or Mantom or Solana or Avalanche (TBD) + +🔜One-stop, fully customizable, trusted Whitelisted Launchpad for new projects + +🔜 Establish a DAO utilizing our tokens as true governance + +🙋🏽‍♀️ How do I get Daily Dividends? + +1️⃣ Purchase our native token NOVA + +2���⃣ Provide liquidity by pairing it with BUSD or BNB + +3️⃣ You will be rewarded with sNOVA, our dividend token + +4️⃣ Hold sNOVA and you will be able to claim your share of daily dividends from the Money Pot paid out in BNB and BUSD + +🚀 ShibaNova: LAUNCH - Friday, August 6 - 2pm UTC! Will launch on our own DEX on our own dApp: https://ShibaNova.io +(♦️ShibaNova will NOT PROVIDE LIQUIDITY TO PCS - beware of scams!) + +🚀Unique Token Supply Management: Automatic emission rate reduction; automatic 2% burn with every buy & sale transaction of NOVAs, and 100% of sNOVAs are burned when converted back to NOVA. + +🚀 Project has a robust Security Stack to ensure funds are SAFU! + +🚀 True Community Project - team members behind the project are DeFi veterans and are in it for the long run + +💠Important Links: + +🔹Telegram: https://t.me/ShibaNovaDEX + +🔹Twitter: https://twitter.com/ShibaNovaDefi + +🔹Medium: https://shibanova.medium.com/ + +🔹Website: www.shibanova.io +💎Hidden BSC Gem Ready for Take Off💎 + +⭐️ShibaNova | Daily Dividends AMM DEX⭐️ + +🚀 Launch Date & Time: +Friday, August 6 - 2pm UTC + +🌐Meet ShibaNova: + +ShibaNova is the Daily Dividends DEX/AMM and Yield Farming project built on the Binance Smart Chain (BSC). 75% of all fees generated through the use of our dApp is given back to holders of our dividend token on a daily basis. This game-changing daily dividends system not only incentivizes long-term holding but promotes ownership of the project by the entire community. This is our vision for DeFi 2.0 - sustainable, secure, successful, cross-chain, and universal. + +✅ Active Community, Mods, & Admin + +✅ Lots of Ongoing Giveaways and Competitions + +✅ Unique Marketing Strategies that attract long-term HODLers + +✅ 3 Full Audits PASSED before launch by EtherAuthority, CTDSEC, & PeckShield, the premier auditor in all of DeFi (funds super SAFU) + +✅Timelock, Liquidity Locked, and MasterShiba owned by Multisig - Gnosis Safe + +✅ KYC by AssureDefi - funds are SAFU + +✅ Bug Bounty by ImmuneFi - code is SAFU + +🗓 Upcoming Plans: + +🔜 Integration with Insurance protocols (like Soteria and InsurAce) + +🔜 Potential Partnership with LossLess.Cash + +🔜 Expand beyond BSC - expansion into Polygon or Mantom or Solana or Avalanche (TBD) + +🔜One-stop, fully customizable, trusted Whitelisted Launchpad for new projects + +🔜 Establish a DAO utilizing our tokens as true governance + +🙋🏽‍♀️ How do I get Daily Dividends? + +1️⃣ Purchase our native token NOVA + +2️⃣ Provide liquidity by pairing it with BUSD or BNB + +3️⃣ You will be rewarded with sNOVA, our dividend token + +4️⃣ Hold sNOVA and you will be able to claim your share of daily dividends from the Money Pot paid out in BNB and BUSD + +🚀 ShibaNova: LAUNCH - Friday, August 6 - 2pm UTC! Will launch on our own DEX on our own dApp: https://ShibaNova.io +(♦️ShibaNova will NOT PROVIDE LIQUIDITY TO PCS - beware of scams!) + +🚀Unique Token Supply Management: Automatic emission rate reduction; automatic 2% burn with every buy & sale transaction of NOVAs, and 100% of sNOVAs are burned when converted back to NOVA. + +🚀 Project has a robust Security Stack to ensure funds are SAFU! + +🚀 True Community Project - team members behind the project are DeFi veterans and are in it for the long run + +💠Important Links: + +🔹Telegram: https://t.me/ShibaNovaDEX + +🔹Twitter: https://twitter.com/ShibaNovaDefi + +🔹Medium: https://shibanova.medium.com/ + +🔹Website: www.shibanova.io +My dad is 63 and has no retirement accounts. His only income is Social Security. + +He just inherited $100,000 from my grandfather. My dad's total monthly expenses = $1,000/month. + +How should he allocate the $100k with little risk but some potential returns? +My partner and I (both 27) are in the fortunate position that we can afford a good size family home in the next year or so. However, we don’t yet have any plans to start a family though this may come in 4-5 years or so. + +By the end of next year we will have combined earnings of ~£150k and a deposit of £150k. + +My question is should we buy a 2-bed home (£450k) next year with the expectation of probably moving again in 4-5 years when we want to start a family. + +Or should we buy a 3/4 bed house (£700k) next year with the expectation that we would live there for at least 10 years. + +What would make the most financial sense? Moving twice will incur legal costs and stamp duty but living in a big home will attract greater bills, maintenance etc in the first 5 years. +My wallet has been hacked- it's adding up to about a $175k loss (not including appreciation later)... trying to figure out how they got access, but is there anyway to track this person down? + +[https://bscscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037](https://bscscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037) + +[https://ftmscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037](https://ftmscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037) + +Should I maybe report to FBI or something? + +Or, dude has to withdraw *somehere*... right? + +Thanks for any advice you have. + +**UPDATE: OMG YOU GUYS!!** + +I don't know if he saw this post and got spooked, or WHAT happened, but he returned back 236 BNB today!!! + +I CAN'T BELIEVE IT! + +He hasn't returned my FTM yet, I am not sure if he sent back \*ALL\* of the BNB, and I am out a few thousand dollars in gas fees, plus the money I lost when accidentally sending DeRace to the wrong wallet when I was trying to move fast. + +I think I'm down maybe $50k, maybe less, need to check. + +BUT HE GAVE ME THE BULK BACK!! THANK YOU SO MUCH!!!!!! + +I'm trying to message back the very helpful people in chat but my chat isn't working so I will respond as soon as chat works. THANK YOU!!!! +Believe the DD. Trust the process. We are on the launchpad now. This is the way. I just can't get over it. I have to keep saying it. This is really amazing. The prophets who have spoken by their DD have foretold it all. Everything is going as expected. 💎🤜🤛💎 + +&#x200B; + +To Apes everywhere, to GME Chairman of the Board, Ryan Cohen, and to my HERO, DFV: + +Meet you on the moon! +I’m a healthcare M&A attorney at a midsized firm. I spoke with a biglaw attorney in my field who expressed that I would have a high chance of lateraling to his firm, which is pretty much top for the law I practice. He also expressed that many other biglaw firms are looking for attorneys who do what I do, which I knew. I told him that I wasn’t looking to move right now but it’s something I’d like for the future. + +By way of background: My wife and I just started IVF and the clinic will hopefully impregnate her next week (egg retrieval and fertilization is this weekend). If it works, we’d be expecting for the winter. + +I’ve always wanted to go biglaw but my family, including my wife, are apprehensive about how much I’d be working and whether I’d be present for my new family and child. My brother (who makes $45k and supports his wife and infant) stresses that time is more important than money. It’s not just about the money for me though and it’s a type of role I’ve always dreamed of. + +Has anyone else here faced this struggle on their way to fatFIRE? What would you do? + +Edit: Ultimately I’m not looking to move right now, which is what I told the lawyer. My thoughts are that I stick it out for another year at my firm and utilize paternity leave. I can revisit lateraling at that stage and make sure my wife and I are on the same page. +Everyone has just read a well done DD of u/notccpbot. I want to alarm you retards and the mods this is how propaganda infiltration works. The first one comes out of the blue and everyone likes the post without considering the guys hidden agenda. Watch the coming weeks another user claming "chinese citizenship" giving his perspective because we liked it. This is CCP (Chinese Communist Party) shit to have more influence over investors (users here underestimate how much influence this subreddit has). + +/u/iFinesseThePlug mentioned: + +* 4 month old account +* 1 post in something called [r/GenZedong](https://www.reddit.com/r/GenZedong/) +* Never commented before today +* Makes an NIO thread and comments 150+ times + +link: [https://www.reddit.com/r/wallstreetbets/comments/kucf6r/chinese\_autist\_here\_gonna\_share\_you\_western/](https://www.reddit.com/r/wallstreetbets/comments/kucf6r/chinese_autist_here_gonna_share_you_western/) + +ALSO: im getting downvote botted. + +Edit 3: Im not racist, I just don't see the autism or retard in him also GME WILL FLY + +**EDIT4: THE CCP SHILL HAS BEEN BANNED.** r/wallstreetbets **IS OURS! No one will fuck with the money printer.** + +&#x200B; +Greetings, + +So here's a brief explanation of my situation. I'm a freshman in university that lives in Luxembourg with his parents and siblings. We immigrated to Luxembourg from Spain after the 2008 crisis, and we live in a house that my parents bought four years ago for around 700k. My parents had to borrow tons of money at quite an old age because of this and they are since living paycheck to paycheck, drowning in debt. + +Anyways, COVID hits, there's hyperinflation and my parents have decided to sell the house because the financial situation is bad, to say the least. However, it turns out that it has increased quite a lot in value and we are most likely going to sell for around 1.2M. After paying out the mortgage and everything else, they will probably end up with 350-400k-ish €. + +The "catch" is that, after selling the house, they will have a heavily-loaded bank account for once, but no roof. My dad and I have thought of some things, but we are not sure to what degree they could be successful and, because there are of course many risks involved, I've decided to seek some enlightenment from probably financially smarter people than us here on r/eupersonalfinance. Now, buying another house for cheaper here in Luxembourg is out of the question, because they will go back to the same situation, so here are some of the things we have thought about: + +Leaving the money to an investment firm to get a high enough rate so that we could rent a place (would be for around 2500-3500€ a month since we are five at home and the market is expensive at the moment) and hoping the returns we get will cover it + +Investing the money ourselves into a broad portfolio of leveraged ETFs, dividend stocks, and crypto. There's a higher risk but we could aim for higher returns, and again, renting a place with the same hopes already mentioned + +Immigrate to another country where the housing market is cheaper, buy a house there, and invest the rest, which will allow my parents to work and live without too much preoccupation (I'm not very convinced about this one but I put it on the list anyway) + +In addition to those ideas, there is something I haven't talked about with my dad yet. I recently watched famous finance Youtuber Andrei Jikh's video titled "How To Invest Like The 1%" and I found very interesting what he talked about, more specifically this chart https://u.cubeupload.com/demonlesondledon/FIREFlowChart.png . However, it only applies to US residents... Is there any way we can implement those steps here in Europe? And, how could my dad do what Andrei talks about in that video? + +In conclusion, the main idea is to invest this money in some way to have it grow for my parents' retirement and to cover living expenses (which I find very difficult to do successfully) until my siblings grow old enough too. In case I wasn't clear, my parents are not retiring yet, there will be cash flowing in for some years, but that 350-400k € is basically all we will have. + +What is your advice? Any recommendations on how to proceed? + +Cheers from Luxembourg! + +Edit: The reason the house is being sold is to get rid of the debt. It is the only reason. Also, my siblings are still in school and the education they are provided here in Luxembourg is much better compared to other European countries, so we want to avoid moving abroad in the near future. At least until my siblings finish high school. +I was at the casino the other day and won $750 playing craps. Right after winning, I felt an good high and the urge to spoil myself either getting a nice dinner or new clothing. + +&#x200B; + +After giving it some thought, I realized I had a $600,000 portfolio that fluctuated by $5,000-$10,000 daily yet I did not feel that same urge when I gained or lost $10,000 from the market. + +&#x200B; + +Does anyone else feel like this? As a matter of fact, my lifestyle has remained the same from $0 NW all the way to $600K NW. +In a blend of catshit with dogshit, Z1P announced this week it will be pursuing an institutional cap raise of $150m at $1.90 per share. Together with a further $200m stock issued, this will fund the $350m acquisition of an equally awful BNPL company with no financial future, SZL. + +If you've been tagged in this thread, there is an extremely high probability that you held Z1P when it peaked. The following comments were pulled from two threads, the daily thread and a special BNPL megathread that was created to contain this autism. + +[BNPL Megathread 16 Feb 2021](https://reddit.com/r/ASX_Bets/comments/lksnbz/buy_now_pay_later_megathread/) + +[Daily Thread for General Trading and Plans for Tuesday, February 16, 2021](https://reddit.com/r/ASX_Bets/comments/lk8xkx/daily_thread_for_general_trading_and_plans_for/) + +To get a sense of how cancerous the BNPL had grown, have a look at this chart of a ["Meme Stock"](https://i.imgur.com/NOjbssa.png) I made. Except its not a meme stock, its the 7-day moving average of the frequency of comments posted on our subreddit with a rescaled y-axis. The daily thread peaked at ~3300 comments on the 16 Feb 2021, which is roughly 6x what we receive on the sub now. In other words, comment activity has declined ~87%. + +Z1P also peaked in stock price on the same day, $14.53 high on the 16th Feb 2021. This recent capital raise represents an 87% discount to the ATH barely a year ago. Coincidence? I'm too fucking lazy to build a correlation matrix, but any dumbfuck can tell how obviously correlated subreddit activity and the [bubble burst of Z1P was](https://i.imgur.com/oz56jqt.png). + +This was also the time when mainstream media attention was lasered in on reddit following the GME fiasco. Needless to say, morons were looking for the Australian equivalent. Its an unfortunate reality that people buy what they see spammed with rocket emojis. When they buy in, they begin spamming the rocket emojis themselves, creating more buyers, and so forth. This reaction, similar to a pyramid scheme, continues until the growth has outstripped the fundamental reality behind the purchase of a company that exists to burn money, and no future bagholders are willing to buy in. + +I'm not trying to be too high and mighty here, Z1P was the second stock [I bought on the sub](https://i.ibb.co/6WMP5Vf/zb.png), I held through the first major pump in mid 2020 before stop-lossing out [at barely a profit](https://i.ibb.co/fnWsB1T/Zs.png). That may have been the best lesson I've learnt on this sub. All things considered, my hunch is that 90-95% of active users of this subreddit have carried the venereal disease of a stock known as "Z1PPY" at some point. It is the village bicycle, everyone has had a ride, not all wore helmets, and some are still unaware that the last bolt on the front wheel is about to slide. + + +Now not everyone here will have lost money on Z1P. However, if you're in here, you once had the opportunity to sell Z1P at a price above $14, and decided "nah I'm good". Take a moment and reflect. + +This subreddit started in March 2020 following the Rona Crash, when Z1P plummeted to nearly $1. Since May 2020, when the sub had ~4500 subscribers, Z1P has been trading above $2. We are currently at 87000 autists (god save us). Therefore, with high probability, we can conclude that if you A. purchased Z1P after seeing it mentioned on this subreddit, and B. are still holding Z1P, you are officially in the red. + +If this applies to you, you probably belong here, and should re-evaluate the decisions in your life that brought you to this point. I hope for your own sake that you've dumped that garbage above $2 while you still can. + +Without further ado, welcome to the Guinness Book of Fucking Retards + +#**Challenged Astronauts** + +We start with the autists that really didn't have too much to say. A strong green day brings out the noise of the crowd. I'm sure the Challenger Shuttle passengers spoke words of little substance too. What was said has been recorded here for posterity. + + +/u/Scrofl + +>If Z1P actually hits $20 by Easter, in celebration of my triple bag, I'll buy Z1P-themed license plates. + +_________________________ + + +/u/mciedwa + +>This is the reward we get for 7 months of consolidation - ZIP 🚀🚀🚀 + + + +_________________________ + + +/u/michaelrogers5 + +>If 🚀 Z1P doesn’t bleed red like a mofo then we know it’s a bonfide rocketeer 🚀 + +_________________________ + + +/u/isnotabaker + +>Milky way officially in the rear view now Z1P 🚀🚀🚀 + +_________________________ + +/u/Exciting-Secretary84 + +>༼ つ ◕_◕ ༽つ Z1P $20 END OF MONTH - TAKE MY ENERGY ༼ つ ◕_◕ ༽つ + +>/u/TauCeti2050 + +>>So modest, why not end of week? 🦍🚀 + +>/u/Itsyoboy_BGM + +>>I'm leading you my energy as well 🙌🙌🙌🙌 + +_________________________ + +/u/Ok_Walk_1548 + +>Z1P just won’t stop 🚀🚀 + +_________________________ + + +/u/isthisreallife211111 + +Nearly sold at a 6% loss in 2 hours during the Z1P TH but looks like its turning around :) + +_________________________ + + +/u/H2-power-0124 + +>ZIP! Houston, we have lift off! 😉 + +_________________________ + +/u/luckMM123 + +>ZIP 12.30 sell time started. Every day same pattern. Get on now ! + +>/u/Rustyteeth5 + +>>I predicted $12 by Monday - already over the moon + +_________________________ + +/u/hangeland + +>Z1P go cunt go + +_________________________ + +#**Mile High Club** + +They believed in a destiny beyond the stratosphere, but these autists failed to recognize they had signed up to get fucked in the clouds. I humbly bring to you the autists who FOMO'd into Z1P on the day of ATH. No refunds. + +/u/Duckz117 + +>fuck it, just got into ZIP at 14. + +_________________________ + + +/u/airzke + +>Bought in z1p at 14.3 pray for me + +_________________________ + + +/u/Sir_Z + +>I never got taught the lesson about buying at a high, so put money into Z1P at 13.70, ready for a crash ladies and gentlemen? + +_________________________ + +/u/TauCeti2050 + +>I feel you brother. I sold everything and FOMOd into Z1P right at the top today. So you might get a nice dip to enter lol + +>Z1P leaving the atmosphere. Next stop Mars 🚀🚀🚀 + +_________________________ + +/u/Blackie1077 + +>Ok Y'all. 1k on Z1p. I'm getting involved. 🚀 + +>/u/Pnut691 + +>>I've bought at peak twice. No regrets. + +_________________________ + +/u/flimsy-floor5613 + +>FOMO'd into Z1P. I remember watching Afterpay have a similar trajectory when it was $40 and thinking it had gone up too much to continue, so I'm in now. + +>/u/danielbee94 + +>>just had the same thought process, has me thinking like i did with afterpay saying every day " surely it cant go higher" + +>/u/247strapped + +>>I too have fallen victim to the FOMO virus + +>>/u/Drswing69 + +>>>In 6 months from now your Fomo will be a ‘sensible investment’ ;) 🚀 + +_________________________ + +/u/Gambin06 + +>Dropped 20K on Z1P yesterday @$12.5 cos of fomo & some Aspergers and just missed out on getting IOU before they went into TH 😢 + +_________________________ + +/u/Tranquilbull + +>FOMOd into Z1p, wish me luck + +>>/u/wookace + +>>Me too; rolled over my earnings from IOU into Z1P. Lesssssgooo 🚀🚀🚀🚀 + +>>>/u/Yangosss + +>>>smart + +_________________________ + +/u/timbuckley66 + +>Sold some Z1P at $13.33 expecting a pullback to $12.90 but had to rebuy more at a higher price. ($13.79). + +_________________________ + +/u/FabioForTheBoys + +>Just FOMO’d into Zip, sorry boys. + +_________________________ + +/u/Astab321 + +>Yolod 1500 into ZIP after thinking all morning lol lets go + +>/u/DontstopComeback + +>>Just pulled my first bag on Z1P. Let’s fuckin goooooo💰 + +>>/u/Astab321 + +>>>ZIP is actually holding strong after initial push up.Should fly again once the buying pressure comes in. Not a financial advice though i am a retard + +_________________________ + +/u/hatetospoog7 + +>YOLOD into Z1P... + +>/u/tspunar + +>>Welcome... brother + +_________________________ + +/u/EnvironmentalFilm538 + +>All In at 13.70 🙏🙏. Lets go to the moon z1p 🚀🚀🚀 + +_________________________ + +/u/YAOLO + +>who else bought Z1P @14😂 + +_________________________ + +#**Collateral Damage / From Whence Ye Came** + +Its enough to throw your own savings at a dog, but why not get two for the price of one? These autists convinced family members to throw away their future too. + +/u/AlexStrologo + +>Z1P - 425 @ $1.25 🚀🚀🚀🚀🚀 + +>/u/SortbyPriceAustralia + +>>Fuck you too :) + +>>/u/AlexStrologo + +>>>Fuck you, but what’s worse, I bought Z1P - 730 @ $2 for my Mum, so fuck her? + +_________________________ + +/u/SuperMarioBruz + +>So I converted my boomer dad into buying meme stocks in his portfolio. + +>Turns out Z1P, LRS, XST and BD1 were great choices after all + +>He now owes me $5k of which 4.8k definitely won’t go into cocaine..... + +>every god damn time i look at it its going up. + +>/u/stillapunk + +>>you gave him money to invest or are you charging your old man $5k for reddit pennystonk tips? + +>>/u/SuperMarioBruz + +>>>I didn’t ask for the 5k, he just gave it thanks to stonks + +>>>/u/fishdoghat + +>>>>If the stocks go tits up this afternoon, is he going to break your kneecaps? + +>>>>/u/SuperMarioBruz + +>>>>>Yes + +_________________________ + +/u/cocoxplore + +>You just like my husband and now he had to buy back at 13. I've been keeping it since 6.1 + +_________________________ + +#**Eiffel Towered** + +Why buy one cliffo when you have two openings for use? This is for the autists that found themselves sandwiched between the merger of Z1P and SZL, with a sprinkling of other BNPL sauce. + +/u/Jerimajerima + +>SZL has been treating me right and honestly seems to have a great future. I think it’s worth the hype long term. + +>/u/Seedysloth89 + +>>Purchased mine at 7.52 thanks to watching a finance/business show on the ABC. 44.7% up. SZL been awesome + +_________________________ + +/u/Seedysloth89 + +>Bought SZL at 7.59 (+44.6%) Z1P 5.59 (+148.8%) - I was only dipping my feet in the water. I think I've somehow found myself securing seats on multiple🚀📈. + +>Down (-15.3%) on IOU buying at the hype (cancelled order on 0.44 on Saturday 😖) but optimistic of working for another seat come Thursday. +_________________________ + +/u/Helicopter_Zulu_83 + +>Bought 45 APT @ $10.77 and 400 Z1P @ $2.52 Hopefully Z1P is heading like APT 🤑 What do you think of OpenPay OPY got that one too? 🤞🏻🤞🏻 + + +_________________________ + + +#**μαλάκας βούτυρο Award** + +In honour of a certain BRN prophet, this award is for those truly convinced they had found something special. Logic, facts, reasoning? Why bother with such a boomer mindset when borrowing money to pay off someone else's house plant is business gold? Numbers go up, open your eyes, and embrace your idols as the Holders of Bag. + +/u/ASXSpecLandKing + +>Z1P - incredible amounts of money flowing into the company today, over $600m. Price and volume is telling the story here. Probably sensible to take money off the table at 16/17 and let the rest ride. This will see $20 but will have some volatility around it after this run. + +>Z1p good for another 20-25% run before it’s a risk off and buy the dip + + +_________________________ + +/u/tob1asmax1mus + +>Good day to be a HODLer. + +>Looks like ZIP has finally stabilised for now. Been trading around the $13.50-13.65 range for almost an hour. Hoping it consolidates here for another push tomorrow. + +​>Edit: and as soon as I post that it drops almost $0.10... lulz. + +_________________________ + +/u/Broadly_stroking + +>Just had a proper autistic moment. Saw a commsec screenshot of Z1P on Facebook and tried to refresh Facebook to update the chart/price. What has my life come to 😂 + +>/u/luckMM123 + +>>Just buy more. Will close at $15 and by 25th after company half year report will be $20 + +_________________________ + +/u/Coral_Rooster + +>Had a dream last night that Z1P share price hit $100. + +>🚀🚀🚀 confirmed + +>/u/rexkicker + +>>Z1P at $13 pre market. It's getting closer! + + +_________________________ + +/u/Endoyo + +>This place memed the hell out of z1p back in September when it crashed from $10 and people were posting z1p to $4 party threads. I'm just really happy for all the holders that held on despite all that and are now being rewarded. + +>/u/shartuntiludie + +>>Amen sister. I was a FOMO buyer at $6.9 (nice) and was too much of a bitch to cut my losses. My bitchness has truly paid dividends this time. + + +_________________________ + + + +/u/H2-power-0124 + +>Open your eyes fellow retards. You dont have to dig the ground, the gold is sitting infront of you. ZIP is everywhere, wherever you go😉 + +_________________________ + + +/u/con-safo + +>Z1P is like a first class ticket to the moon on a reputable flyer... none of that we might explode mid air shit... + +>Sit back and enjoy the ride. Take a moment to look around and take it all in. + +>What a time to be alive! + +_________________________ + +/u/Astab321 + +>zip go back to mid 14s + + +>/u/itsjamdrop + +>>Happy for ZIP to sit here for a bit, stabilise and then punch another dollar by end of week. Much healthier than the other pumps + +>>/u/Astab321 + +>>>nah 15 EOD. 20 EOW this is the way + +>>>/u/Mutated_Cunt + +>>>>Yeah nah you're fucked in the head (downvoted btw) + +_________________________ + + + + +#**Cassandras** + +They hated Jesus because he spoke the truth. Not all autists drunk the kool-aid, but prophets are cursed never to be believed until it is too late. At least the following can bask in schadenfreude. + + +/u/chillinintheburn + +>Z1P and IOU about to create a new generation of bag holders + +>/u/Qambi1 + +>>As a previous bag holder, I can see this happening + +>/u/Ahsia9 + +>>As a future bag holder, I can see this happening + +>/u/kennnn24 + +>>As the king of bag holders, definitely + +_________________________ + + +/u/jay_com + +>surely this thread existing is enough evidence of a huge dump tomorrow + +>/u/Fast-Bandicoot7479 + +>>Why don’t you knock it off with them negative waves man + +>>/u/jay_com + +>>>I'm just bein real man + +_________________________ + +/u/atayls (PBUH) + +>What is the basis for holding from this point? + +>Is the expectation that revenue will grow at the current rate? + +>Are there any downsides which bulls are considering? + +>/u/eeeets69 + +>>The only downside is not having cash to buy more + +_________________________ + +/u/justarandommoniker + + +>If BNPL wasn't a bubble before, sure as fuck is now + +>/u/billblair99 + +>>For anything other than APT and Z1P I agree. The pandemic has driven consumer behaviour and these types of business will do really well even after the pandemic bs has finished. I think the others are a massive bubble that will pop eventually. APT being the leader but Z1P has potential. The others I’m sure will flop. + +>/u/yngrz87 + +>>The newbies like IOU are definitely a bubble. Zip is backed by fundamentals and a rerate has been brewing for some time. It has the runs on the board, the others (not including apt obviously)are pure speculative plays + +>/u/Pnut691 (Secretly George Soros) + +>>Its absolutely a bubble- but with more growth IMO. Buy, ride the growth and set your stop losses to gtfo. + +_________________________ + + + +#**To Conclude** + +I think this last one captures the experience of all involved in this thread with a mere five words. + + +/u/dusterhi + +>Z1P actually changed my life + +_________________________ + +If you find yourself presently holding a stock that has similar comments appearing in the daily thread, maybe take step back and rethink things. This is a casino, round and round the wheel goes, how much are you willing to lose? With any luck, I've reassured you that you don't know what you're talking about, and neither did the collected hivemind that convinced you to buy. + +Later Cunts. +Question about this. Hopefully you all can help me understand the rationale for doing this, or scenarios where this is the strategy to be employed. I know the question is general. If I sell puts, they are usually out of the money or at the money, where I am trying to hunt premiums, or I’m trying to acquire an equity on sale. + +But I don’t understand the rationale of selling ITM puts, unless you are very bullish on something and want the bigger premium, but at point, it becomes essentially a covered call. If my understanding is correct (maybe it isn’t) you need a larger amount of buying power ITM versus out of the money… + +A real life example that a colleague was telling me about. Facebook dropped a lot on Thursday, he owned 100 shares. He sold the 100 shares at 237. Apparently he purchased them at 225. So took a little profit. He then sold a six month expiry put at 265 for $44 premium. + +So if you do the math, if the selling price comes down to 220 you are essentially cost neutral… + +BUT if you sold an OTM put with same DTE, at a strike of 220, the premium is $20, and the price comes up 220, you are still cash positive. And in doing so, only tie up some of your assets as collateral versus the entire amount when it is ITM. + +So clearly if you are bearish and want a better price, this doesn’t make sense, and if you are extremely bullish, then I guess it makes sense, but at point why not just hold the stock write a covered call, especially if there is a dividend involved. + +Also, and this may be a rookie question, if you sell an ITM put, can’t you get exercised early? + +Thanks everyone +**\*\*edit: when applying, please read the google doc I have linked below. I've had many people message me who have been rejected, because they didn't follow some simple guidelines that are laid out there\*\*** + +Hi everyone, + +I know this virus situation has put many of us out of work, especially as restaurants around the USA are closing. If you're looking for a new job or to supplement your income during this time, I really encourage you to check out Palfish. I've taught on there for about three years and logged 1000+ hours of teaching. + +**You need to be a native English speaker, but you don't need a bachelor's degree, unlike all other high-paying teaching platforms. You don't need to speak Chinese, either.** + +Mostly, it's playing interactive English games with the kids while correcting their pronunciation. You're provided the lesson materials, so there's no prep work. You need stable internet and a phone/tablet. You set your own schedule for classes. It’s a real job, so yes, you will have to go through an application process, which typically takes a few days. + +Here is a google doc I made with a lot more in-depth info and some overview of what the classroom/lessons look like, if you'd like to read in more detail. + +**Quick-start guide:** [https://teachpalfish.weebly.com/](https://teachpalfish.weebly.com/) + +**If you do plan on doing Palfish, please read the guide carefully so that you pass your interview.** + +You can download the app here - I'll get a notification on my Palfish account and I will walk you through the process. (I get a bonus if you join using my link, full disclosure!). Just figured I'd make a post here for those who are affected by this very unfortunate virus outbreak. (By the way, if there's some kind of pop up, it's probably due to it being a Chinese web page. It's safe.) + +**Download the app:** [https://ipalfish.i2mi.com/klian/web/dist/m/teacher/invite.html?uid=2226133&channel=30001&teacherregion=0](https://ipalfish.i2mi.com/klian/web/dist/m/teacher/invite.html?uid=2226133&channel=30001&teacherregion=0) + +If you’d rather not enter your phone number, you can go to this [non-ref link](https://apps.apple.com/us/app/palfish-teacher-english-tutor/id1020664979) and enter the code **4trMI6** at registration so that I’ll be able to see your profile and help you pass the interview. + +I hope you found this post and the quick-start guide helpful, I wish you all safety and health during this time. God bless. +Xxxnifty - N$FW token + +Check out the official TG, to see where all the fuzz is about + +1️⃣ Amouranth her OnlyPunk sold for $125.000 !! Let that sink in + +2️⃣ Launch of Alpha release of Pleasurely, xxxNifty's Adult Social Platform. (OnlyFans Social Like Platform, but way Better) + +3️⃣ They added different new teammembers to the core team With lots of experience and all doxxed +Total of 29 teammembers now , 29!! + +4️⃣ They announced a partnership with OnlyPunks , an algoritmic art project, crypto punks, but then adult +And this one is trending on opensea + +5️⃣ Team announced 2 Top 10 Exchanges on the way!! + +6️⃣NOfacegirl (NFgirl) top 19 on Pornhub , is branding all her new videos on PH with $N$FW and XXXnifty + +7️⃣ Stormy Daniëls joined as a Brand Ambassador , next to Nofacegirl and Amouranth and 6 others + +8️⃣ Stormy Daniëls is going to auction herself as NFT in the dress she wore when she dated him + the dress itself is an Unlockable by the NFT!!! + +✔️ Largest NFT marketplace in their space + +✔️700 Adult NFTs on their Marketplace + +✔️100+ creators on the platform to date (no matter of gender anymore!) Adding more daily + +✔️500+ NFT sales. Over 400 1of1's + +✔️ They launched the NFT marketplace i April 2021 and the token in may 2021 +So the project is really moving forward and the devs are working. Full time on this project + +✔️8 partnerships w/Agencies + +✔️8 Brand Ambassadors, with Amouranth and NOFACEGIRL and StormyDaniels +They have a huge social media followings , combined over 20 Million following + +✔️Deflationary Tokenomics benefit holders + +✔️Daily NFT sales + +✔️$25 million MC, 2 working platforms utilizing the utility of their native [NSFW] token + +1 : XXXnifty - NFT marketplace +2: Pleasurely- Social platform + +✔️XXXNIFTY is a registered business, meaning devs and team are all doxxed +✔️TechRate Audit approved +Last week the possibility of war nearly fucked the market. Every report about a probability to escalation immediately started a dip. + +Biden waited for his speech to the nation on friday till the market was closed. + +Then we had that frightening weekend, ending with the war speech of an ducking madman with nukes. Just to start the new week with a full invasion in the night. + + +Today after the presidential day off american markets. + +Everything just launched and jumped immediately up going so since the morning. Then now Bidens speech right one hour ago; He speaks about a grown war and will put troops right next to it. Speaking how this war will cost americans. …. And stock market just goes full bull mode: Everything just launched while he spoke + + +Can someone please explain what is happening here? +That's great! Does that opportunity pay a living wage? What about benefits? If the answer is yes, you're awesome! If the answer to either of those questions is no, however, well... you're part of the problem! + +And if that's the case, what does that mean? Oh, right! It means you're trawling a subreddit full of desperate people trying to honestly fight their way out of a bad situation, but with no intention of helping them. And you know what? That's awful. + +I'm getting more and more frustrated seeing recruiters on here saying they "can't find good people" or that they "just can't fill these positions that are open." + +💡Here are some bold ideas to help you recruit💡 + +Have you thought of paying twice the minimum wage? + +Have you thought of providing employer-sponsored healthcare with no or little cost to the employee? + +Have you thought about eliminating part-time positions in favor of full-time jobs with benefits? + +😱 WAIT WHAT'S THAT? YOU NEED MORE HELP JUST TO COMB THROUGH THE QUALIFIED APPLICANTS???😱 + +Don't blame generous unemployment for people not wanting to come back. Tell your owners to pay a living wage. Every single person on this page deserves it. + +Even you. +I currently work full time and earn around 60K AUD a year. It is something I enjoy and the people I work with are, by and large, really great people. The work/life balance is good and I have gained a lot of qualifications and skills. It is a fairly labour intensive job, outdoors. I also feel like I’m contributing something to my community by being employed in this way. + +My assets also total 11M+. This is a result of inheritance and careful management and investment for over 20 years. + +I have never felt comfortable with my level of wealth, as I never earned it, and am pretty reluctant to spend much. I live comfortably but not in any way extravagantly except for travelling extensively in the past (almost always staying in hostels as a backpacker). + +Apart from genuinely learning skills and becoming more self sufficient, I feel that working the job I do proves to myself and to others I’m not just some rich fuck that was never willing to work a day in their life for all that I have. I never chose to have my father die when I was under 10, and the way I was brought up, I never knew we had any more money than the average middle class family. + +I have no head for financial things other than employing a good team to manage my assets. In fact, it causes a great deal of anxiety. + +What would you do in my position? + +Edit: I am 30f for those wondering + +I want to sincerely thank everyone for their replies. Some of you have done a great deal to reassure me, and it has been really helpful to read about people in similar positions that have similar feelings about their wealth. I’m not alone! Ha! This is really the first time I have ever experienced that so thanks again. + +Initially the point of the post - which I realise now wasn’t exactly clear - was to try and gauge what other people are doing and if I am on the right track. After a great deal of reflection and re-reading the post and the replies, I realise it was more of a call into the void for some understanding and reassurance. + +Some replies have also highlighted to me the fact that I have some prejudice against the wealthy/“trust fund babies” and therefore myself. I hadn’t really considered this before. I mostly consider myself an empathetic person but I have definitely had a blind spot on that issue; I think it might be a combination of mostly being around people with average income and the portrayal of the rich in media. This has been eye opening and I will continue to work on my own mental health and challenging my perceptions of other people and also myself. + +This whole thing has given me a lot to think about and how better I can use my assets going forward, for others and also my benefit. I’ll be staying at my job for as long as it makes sense to me +I’m a 24 year old software dev making $90,000 (which should continue to increase by a decent bit over the next few years) that wants to make the most out of my money. Originally I was just dumping excess into stocks (about $2500-3000/month) but it seems like real estate can yield better returns than simply throwing money into index funds. I want to shoot to retire in my early 50s and if I get lucky my 40s. + +My very rough plan is to do what’s mentioned above until a get to 4/5 properties, putting ~10% down for each. Making sure I keep my equity at a decent % to prevent ruin (what % would this be?). While also continuing to invest in stocks. + +I’ve paid off my student loans. + +What should I start doing now to prepare for this venture? + +Edit: I don’t care too much about living lavishly as well. + +Edit: forgot to put my credit score, 770 +I don't think this is entirely unreasonable but it will also effect my exit strategy. https://www.bloomberg.com/news/articles/2021-04-28/1031-exchange-biden-pushes-to-end-real-estate-investment-tax-break +[\[Part 1\]](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/) + +[\[Part 2\]](https://www.reddit.com/r/Superstonk/comments/nt8qzj/rip_uleavemeanon_where_are_the_shares_part_2/) + +&#x200B; + +Hi all, + +There were a lot of apes in the daily discussion thread wondering why the DD by [/u/leavemeanon](https://www.reddit.com/u/leavemeanon/) was gone. Turns out they've deleted their account for some reason, along with their posts. I did a bit of digging and managed to recover their posts (shoutout to [https://camas.github.io/reddit-search](https://camas.github.io/reddit-search)), which I'll be shamelessly reposting as there seems to be some demand: + +https://preview.redd.it/cac5evmlcj371.png?width=800&format=png&auto=webp&s=167ecf5eb769ad66b6e700dec4c01ab5451f47ef + +So, without further ado: + +\----- + +## TLDR: + +The system is rigged in favor of HFT firms. Because computers are really good at finding derivatives for cheap to hedge sales for profit, naked short selling is no longer *part* of the system, it **is** the system, short term, over and over and over. What we're seeing might be the product, and possibly the unraveling - of that system. + +Man that was melodramatic. Hey, I wouldn't believe me either, to be fair. I still really don't believe it. + +// + +## Acronym Index and Glossary + +*Because I wish the SEC would include these, for the Fed if nothing else…* + +**ETF** \- [Exchange-Traded-Fund](https://www.investopedia.com/terms/e/etf.asp) \- + +**This is a more detailed explanation than the rest, because ETFs are** ***incredibly*** **important to understand.** + +An *Exchange-Traded-Fund* is a fund who’s portfolio holdings is represented and traded on open exchanges via shares of the fund: ETF shares. Simply put, ETFs are hybrids between funds and stocks. They, like any fund, hold some portfolio of securities. And like any stock, they trade as shares on open exchanges. The fund’s portfolio is typically designed to track some index or sector. Thus, an investor with some opinion about the ETF’s portfolio can trade the ETF shares to eliminate some of the risks involved in trading single equities. + +The *price* of ETF shares is determined at market value, based on their trading in the market - like any equity stock. The *value* of ETF shares is called their NAV, and when NAV differs from price (which is always true in some ETF, somewhere in the world), a profit opportunity exists via arbitrage (see [**Chapter 1 for more**](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). + +ETFs also provide a source of dynamic liquidity in the markets. This is because Authorized Participants (APs), acting as ‘referees’, oversee the markets and allocate supply to meet demand. **APs are authorized to** ***create/redeem*** **ETF shares** ***with/for*** **representations of the ETF’s portfolio.** This mechanism is integral to liquidity provision, and helps align ETF share prices with their NAV. + +The “creation/redemption” mechanism mentioned above is the bridge between *ETF shares*, “*liquidity*”, and *particular securities*. For example: + +Say demand increases for security XYZ, thus increasing the trading price of XYZ shares. XYZ’s increased price might mean that NAV > “trading price” for some ETF containing XYZ. APs, who are are responsible for providing supply of XYZ, can then redeem a “basket” of value equal to 50,000 ETF shares in exchange for 50,000 shares representative of the ETF’s portfolio. Only APs are authorized to do this. + +Don’t let the numbers and letters confuse you, it’s simpler than it sounds. For an AP: 50,000 ETF shares = 50,000 individual security shares in *price,* but not in value. When they differ in value, the AP can profit. Of course, the liquidity responsibility ensures that the AP is always buying the cheaper of the two and exchanging for profit. SPY is an ETF with a portfolio designed to mimic the S&P 500 index; XRT is designed to track the retail sector. + +**NAV** \- [Net-Asset-Value](https://www.investopedia.com/terms/n/nav.asp) An ETF’s NAV is the value of the funds assets, minus liabilities. Functionally, for ETFs, the NAV is the value of the fund’s portfolio, and because ETFs are only rebalanced a few times yearly, the *market price* of shares trading on open exchanges often differ from the NAV of those shares. + +**FTD** \- [Failure-to-Deliver](https://www.investopedia.com/terms/f/failuretodeliver.asp) \- after the sale of a security, the seller (believe it or not) has 3 days to deliver the security to the buyer, otherwise the share is deemed failed-to-deliver - a FTD. FTDs should be rare, because they can build up and cause systemic issues, [as Patrick Byrne explains](https://youtu.be/I0WXg5T3cBE). + +**AP** \- [Authorized Participant](https://www.investopedia.com/terms/a/authorizedparticipant.asp) \- “An authorized participant is an organization that has the right to create and redeem shares of an exchange traded fund (ETF)….When there is a shortage of ETF shares in the market, authorized participants can make more. Conversely, authorized participants will reduce ETF shares in circulation when the price of the ETF is lower than the price of the underlying shares. That can be done with the creation and redemption mechanism that keeps the price of an ETF aligned with its underlying net asset value (NAV).” APs include Morgan Stanley, Goldman Sachs, Bank of America, JPMorgan Chase, and Citadel Securities. [BlackRock describes](https://youtu.be/iX7fOx5G40A) APs as referees, monitoring markets to allocate demand to meet supply - resulting in better liquidity and decreased volatility. + +**MM** \- [Market Maker](https://www.investopedia.com/terms/m/marketmaker.asp) \- Market Makers, very generally, oversee markets and quote bid/ask prices to create a spread. They stand ready to buy or sell in their market, and they have algorithms coded to hedge these transactions and profit from arbitrage along the way. The are similar to APs in that they both monitor markets and ensure trades have counter-parties, however, the MM acts as a primary source of the APs information - MMs quote bid/ask spreads, and APs react to these spreads (in real time). This allows the MM to have more direct access to (and influence over) bid/ask quotes in their particular markets, however they rely on the AP to provide market liquidity via ETF creation/redemption. + +**HFT** \- [High-Frequency Trading](https://www.investopedia.com/terms/h/high-frequency-trading.asp) \- “High-frequency trading, also known as HFT, is a method of trading that uses powerful computer programs to transact a large number of orders in fractions of a second. It uses complex algorithms to analyze multiple markets and execute orders based on market conditions. Typically, the traders with the fastest execution speeds are more profitable than traders with slower execution speeds…In addition to the high speed of orders, high-frequency trading is also characterized by high turnover rates and order-to-trade ratios. Some of the best-known high-frequency trading firms include Tower Research, Citadel LLC and Virtu Financial.” This is *how* MMs and APs profit from volume, HFT algorithms scan for arbitrage opportunities. + +**OTM/ITM** \- [Out of the Money / In the Money](https://www.investopedia.com/ask/answers/042715/what-difference-between-money-and-out-money.asp) \- ITM/OTM refers to an option’s strike price in relation to the underlying’s trading price. ITM options hold inherent value (ITM call = strike < trading price; ITM put = strike > trading price). OTM options have no inherent value and expire worthless (OTM call = strike > trading price; OTM put = strike < trading a price). There is also *deep* ITM/OTM. This simply means the option’s strike price is relatively *distant* from the underlying’s trading price. Options with strikes *near* the underlying’s trading price are said to be At-the-Money (ATM). + +// + +## Prior Chapters + +[**CHAPTER 1: ETF ARBITRAGE**](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[**CHAPTER 2: OPTIONS AND HEDGES**](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +## Preface + +First of all and for the record, this ape **loves** his country 🇺🇸. I have no doubt that some apes love their’s more, and I’d say that’s awesome. I’d probable even say *c’est bonne* (and be rightfully mocked) + +It’s *because* I love my country, that I am concerned. Deeply. + +And despite the fact that my *entire* understanding of the financial system is merely 6 months old and limited to what I can find online - there are much older, much wiser, and much warier opinions than mine. Tendies or not, I **absolutely do not** wish for disaster or advocate wishing for disaster. + +Secondly, I really don’t advocate for *anything* except using your own brain, shiny or not, to come to your own conclusions. **None of this, including my previous posts/comments, is financial advice or intended to be defamatory in any way.** + +This series is essentially a brain-dump - resulting from my attempts to identify what the hell, *exactly*, has been going since January. + +*Why listen to me?* \- You shouldn’t. Not at face value at least. I have no special insight nor expertise. I like logic and puzzles. That’s all. + +I may have gone wrong here, way way off even - I’m just not exactly sure how. *insert Michael Burry - ‘Big Short’ quote* So if you find holes to punch, *please*, punch away. We’re all learning here. And frankly, in many ways, I’d love to be wrong on this. + +# Chapter 3: The Machine + +## Where we Stand + +[Chapter One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) dove into ETFs, and the ever-growing role they play in market liquidity. In principal, the relationship between ETFs/underlying securities is like a hydraulics system. Securities have some of their supply distributed in various ETFs, and the buying pressures in these different markets are the pistons *squeezing* their respective market’s liquid. As pressure (demand) builds in a given market, APs can dial pressure up in the ETF markets to force liquid wherever it’s needed. *APs can only add pressure.* They cannot reduce buying buying pressure, except indirectly by providing supply. + +This *pressure control* system is vial to keeping markets at bay and keeping ETFs aligned with their NAV. Overall, these are good things. + +Chapter One explained the *mechanism* behind that *pressure control* system, and how APs profit from it through arbitrage: if there are price discrepancies between ETF shares and their underlying, APs are profiting on it. + +[Chapter Two](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) looked at options trading and its role in hedging. Both equites and options have Market Makers that hedge their sales with options, and I mentioned the fact that options create “synthetic positions” that mimic the returns of some other position. This creates yet another arbitrage opportunity, as price discrepancies in the synthetic positions and their *analogs* can be profitable. + +A few apes mentioned in chapters [One](https://www.reddit.com/r/Superstonk/comments/nplv75/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) and [Two](https://www.reddit.com/r/Superstonk/comments/nrw9xi/where_are_the_shares_a_beginners_guide_to_hiding/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) that a certain… (*don’t say je ne sais qoui, don’t say je ne sais quois*…) 'something' was missing. Like trying beer for the first time and it’s flat. I’m sure others knew what I was hinting at, and I’m sorry if it felt like I was pandering. I’m going for *no ape left behind*, and I think the overall machine is far better understood in light of it’s inner workings. + +## Je Ne Sais Quois + +Okay all five question words let's go - + +*Who?* + +Citadel, *en masse*: an Authorized Participant, Market Maker, Broker Dealer, Hedge Fund, and probably a dozen other things including (probably) the world's largest HFT firm. They account for [**almost 30% of ALL U.S. equities volume and almost half of retail volume**](https://web.archive.org/web/20210428124834/https://www.citadelsecurities.com/products/equities-and-options/). Oh and in 2020 they paid RobinHood (10x more than any other brother) for order flow, buying the rights to clear over 60% of RobinHood's trades. (can't post RH link) + +*What?* + +Wallstreet's God. Naturally, they adopted the triumvirate of Father Fed, the many (some prodigal) Sons, and the Holy Ghost of Liquidity - always there in the background to fill your purchase orders. Yeah, Citadel accounts for close to half of that Liquid Holy Ghost. + +*When?* + +For the last 5 years at least, but particularly in January 2021, and *specifically* on January 27th. Ken stated in the [**Congressional Hearing**](https://youtu.be/lxdp-wU3UZI) that, "on Wednesday, January 27, we executed **7.4 billion shares** for retail investors." + +*Where?* + +Primarily on RobinHood, I'd imagine. At first, at least. Then, a few nanoseconds later, processed through Citadel's network of black boxes to find a better price than you, then sell to you. + +*How?* + +**THIS is why I started with the boring details.** + +I get to skip this part. Arbitrage is how. Via ETF, forced hedging, all those ways we went through + +now for the coolest, most ignored question word + +// + +## Why? + +## ( With a splash of how? ) + +Arbitrage is great, but it has one major problem. It doesn't make very much money, *per trade*. You're only netting small differences, because these arbitrage trades *should* be for equal things. **The only reason arbitrage works is because of inefficiencies in pricing.** This is where arbitrage meets its best friend: High Frequency Trading. + +[**Investopedia**](https://www.investopedia.com/articles/active-trading/092114/strategies-and-secrets-high-frequency-trading-hft-firms.asp) includes four types of arbitrage among the 6 listed money-making strategies, one of which is *volatility* arbitrage. I think Ken said it in the Congressional Hearing, but I'm not sure - + +**HFT firms make SIGNIFICANTLY more money in VOLATILE markets.** + +I mean I can't believe I have to point this out, someone must be saying something, but **this creates a CLEAR CONFLICT OF INTEREST when the HFT firm is an Authorized Participant.** + +*Why?* because, **APs CONTROL THE LIQUIDITY in the ETF market, and, indirectly, the markets of the underlying securities.** + +Maximum volatility = maximum profit per arbitrage trade = *$$$$$$$$* for HFT/AP firms + +It's a simple move and I mean - just pick a couple of GME's ETFs and look at ownership since 2015, I'd guess it's up 500% on average, probably more. Whether this was natural (as underlying price decreased) or intentional, I don't know. *But*, if there happens to be both 1) more volume in the underlying than in the ETF and 2) underlying NAVs consistently dropping lower than ETF price, APs have an opportunity for **massive profit**. + +So to earn that $200m bonus, you look for an ETF with *just* the right blend of wimpy and popular. Then have your trading firm buy ETF all day, or turn the AP's "gobble ETF shares" dial up a few notches, maybe tell your buddies how cool the fund is, anything you can to increase buying in the ETF. AP is *required* to siphon supply from the underlying to meet the ETF demand. + +Easy. Done. + +Over time, your own ETF buying increases the price of your own holdings. And these are *funds*, they're meant to be stable. And many of them are illiquid - so when ETF buyers show up, APs likely *need* to siphon underlying shares. All this *siphoning* makes the underlying more volatile, so when you're responsible for putting the shares back to meet demand, you can take your sweet time and suck as much money as possible from regular investors. Every millisecond counts. + +And as long as you keep buying ETF, or convincing someone to buy ETF, after each ETF rebalancing, the ETF inflation will dictate that ETF > NAV, *forcing* you, as an AP, to buy underlying until they equate (then maybe you buy again). I think you can see how this quickly becomes a vicious cycle. + +Do I sound crazy yet? Oh, *long time ago?* I know, I've felt crazy for weeks. I cannot prove that this happens, I can only say that the system exists such that it is possible, and very profitable. And frankly it's very likely that the cycle is a natural byproduct of increasing interest in ETFs. Whether or not it's intentional: + +"ETFs have grown to $131.2 billion in assets under management by 2016, up from only $3.9 billion in 2007 representing a growth rate of 3300% over ten years." + +That information is remarkably hard to find, but [**this Harvard paper**](https://scholar.harvard.edu/files/kevin_pan/files/etfarbunderliqmismatch.pdf) mentioned it. + +Oh wait, lol no it's not hard to find - **Statista (not sure if reliable but looks legit)** reported - + +"he assets under management (AUM) of global ETFs increased from 417 billion U.S. dollars in 2005 to over **7.7 trillion U.S. dollars** in 2020. The regional distribution of the AUM of ETFs was heavily **skewed towards North America, which accounted for around 5.6 trillion U.S. dollars** of the global total." + +Holy Liquidity Mother of Fed, that is a f*cking ton money. 5.6 TRILLION DOLLARS worth of North American stocks trading instead in ETFs. All that illiquidity, all that volatility...* see what I mean? + +// + +## GameStop, The Machine, and The House of Cards + +I took some Philosophy in college. Non-metaphorically, even. And if you’ve ever taken a Philosophy class, you’ve likely asked yourself why everyone in it thinks everything has to be an argument all the time. + +Well, as I would for my apes, I’ll stand up for my fellow philosophers by saying that sometimes - and *particularly* when you don’t know what the hell you’re talking about - the safest way to move forward is to: + +First, break things down into **facts**, or get as close as possible. + +(Descartes currently holds the record at one… though, naturally, it’s disputed. Getting all the way to 0 earns you a clinical diagnosis, and trying to prove it earns you *at least* one more, and possibly a PhD) + +Then, use **logic**, as best as you can, to propose *new facts* based on the old facts. They call these new facts 'conclusions', I think. Or 'heresy', maybe, depending. + +The *goal* of an argument, formally, is to reach a valid conclusion. The *utility* of these conclusions is... something non-philosophers bother with. + +Valid conclusions are reached by using facts and logic mathematically. If the facts are verifiable and the logic is sound, the conclusion is valid. + +So why is everyone always arguing? Philosophers, a significant portion of college kids, and, ironically, HFT algorithms, *think* in the structure of argument. + +Alright lets try one - + +// + +## Facts + +Quotes [directly from the SEC](https://www.sec.gov/investor/pubs/regsho.htm) : + +"Short selling is used for many purposes, including to profit from an expected downward price movement, **to provide liquidity in response to unanticipated buyer demand** or to hedge the risk of a long position in the same security or a related security." + +and how *should* this done? + +"Typically, when you sell short, your **brokerage firm loans** you the stock. The stock you borrow comes from either the firm’s own inventory, the margin account of other brokerage firm clients, or another lender." + +and if, say, there are no shares to borrow anymore, where else can shares be found? + +"In a “naked” short sale, the seller **does not borrow or arrange to borrow** the securities in time to make delivery to the buyer within the standard three-day settlement period. **As a result, the seller fails to deliver** securities to the buyer when delivery is due (known as a “failure to deliver” or “fail”)." + +and, um, *why* is that legal? + +*(try not to read this in Ken G's voice from the first congressional GameStop hearing btw... If you don't remember how it sounded, its eerily similar to Michael Scott - but really nasal like Steve has a terrible cold, and choppy like he's short circuiting from the cognitive dissonance.)* + +"There may be legitimate reasons for a failure to deliver. For example...delays can result from transferring securities in physical certificate^(obsolete) ... A fail may also result from “naked” short selling. For example, **market makers who sell short thinly traded, illiquid stock in response to customer demand may encounter difficulty in obtaining securities when the time for delivery arrives.**" + +“"Naked” short selling is **not necessarily a violation of the federal securities laws** or the Commission’s rules. Indeed, in certain circumstances, “naked” short selling contributes to market liquidity. For example, **broker-dealers that make a market in a security generally stand ready to buy and sell the security on a regular and continuous basis at a publicly quoted price, even when there are no other buyers or sellers.** Thus, market makers must sell a security to a buyer even when there are temporary shortages of that security available in the market. **This may occur, for example, if there is a sudden surge in buying interest in that security, or if few investors are selling the security at that time. Because it may take a market maker considerable time to purchase or arrange to borrow the security, a market maker engaged in bona fide market making, particularly in a fast-moving market, may need to sell the security short without having arranged to borrow shares. This is especially true for market makers in thinly traded, illiquid stocks as there may be few shares available to purchase or borrow at a given time.** " + +Speaking of the hearing, here's another fact: Ken stated in the Congressional Hearing that, "on Wednesday, January 27, we (Citadel) executed 7.4 **billion** shares on behalf of retail investors. To put this into perspective, on that day, Citadel Securities cleared more trades for retail investors than the entire average daily volume of the entire US equities market in 2019." + +I shit you not, [at 24:35](https://youtu.be/lxdp-wU3UZI). + +He also said, "During the frenzied period of retail trading, Citadel Securities was able to provide continuous **liquidity** every minute of every trading day. When others were unable... or willing to **meet the demand**, Citadel Securities was there. I could not be more proud of our team." + +// + +## Logic + +If demand for a particular security *rapidly* increases, the AP, or some AP, must provide (as I've quoted a few times now) **liquidity** to meet that demand, even though the demand was for a *particular security*. + +If supply is lacking in a *particular security*, APs have a responsibility to provide it. Throughout January 2021 and *particularly* on the 27th, there was **unprecedented volume** \- + +whether this was shorts covering, regular retail trading, apes gobbling GME pacman style, some of which are among the thousands of high schoolers with pandemic stimulus money and almost nothing to spend it on except a free iPhone app that lets them buy cool stocks they saw online like a video game at zero commission - + +all of that buying pressure - much of which was **heavily** skewed toward a few dozen securities, likely required **unprecedented liquidity** in those *particular securities.* + +As beaten to death at this point, **ETF redemption** and **hedging** are ways of turning "liquidity" into *particular securities*. + +To take full advantage of *both* of those, it helps to be an Authorized Participant *and* a Market Maker in the markets in question. + +// + +## Facts, again, but with some logic too + +Directly from [**Citadel's Website**](https://web.archive.org/web/20210428124834/https://www.citadelsecurities.com/products/equities-and-options/) \- + +"Citadel Securities is a leading market maker to the world’s institutions and broker-dealer firms. Our automated equities platform trades approximately **26% of U.S. equities volume**....We execute approximately **47% of all U.S.-listed retail volume**, making us the industry’s **top wholesale market maker**. Citadel Securities acts as a specialist or market maker in more than 3,000 U.S. listed-options names, **representing 99% of traded volume**, and ranks as a **top liquidity provider on the major U.S. options exchanges**." + +Citadel is a Market Maker *and* an Authorized Participant - capable of capitalizing on liquidity provision *and* hedging responsibilities. + +but.. how again, exactly? Like, cash to GME, what's in the middle? + +Hedging is the easy part. Well easier to explain at least. 2 options:^(punintended) 1) directly sell short and hedge with some long options position. 2) sell calls / buy puts (as MMs, they can influence these prices and choose which trades to take), and then sell the shares you were forced to hedge with + +I'm not *entirely* sure #2 is legal but #1 most definitely is. + +Directly selling short is the way to go, though, because you don't increase the buy pressure, whereas hedging would force you to buy then resell. + +I really should say: "Directly selling short is the way to go because you get to force the price down, whereas hedging would allow the movement to remain natural." + +I've been reading too much of this shit... + +Anyway, there's another way to sell without buying, directly forcing the price down: Get the shares from an ETF: + +From [**BlackRock's iShares IWM prospectus**](https://www.ishares.com/us/literature/prospectus/p-ishares-russell-2000-etf-3-31.pdf?stream=reg&product=I-R2000&shareClass=US+Class&documentId=925868%7E926239%7E926348%7E925613%7E925577&iframeUrlOverride=%2Fus%2Fliterature%2Fprospectus%2Fp-ishares-russell-2000-etf-3-31.pdf) \- + +"...the Fund sells and redeems its shares directly through transactions that are **in-kind and/or for cash**, subject to the conditions described below under Creations and Redemptions." + +*to the fine print we go* + +"A creation transaction, which is subject to acceptance by the Distributor of the Fund, generally takes place when an Authorized Participant deposits into the Fund **a designated portfolio of securities, assets or other positions** (a “creation basket”), **and an amount of cash** (including any cash representing the value of substituted securities, assets or other positions), if any, **which together approximate the holdings of the Fund** in exchange for a specified number of Creation Units." + +So if I'm reading that right, \[any pile of securities, short sales, derivates, or cash\] = \[ETF shares\]... + +And, of course, it works backward as well: + +"Similarly, shares can be redeemed only in Creation Units, generally for a designated portfolio of securities, assets or other positions (a “redemption basket”) held by the Fund and an amount of cash (including any portion of such securities for which cash may be substituted)." + +So *actually* \- + +**\[any pile of securities, short sales, derivates, or cash\] = \[ETF shares\] = \[Underlying Shares\]** + +Oh, and to reiterate from the first post: + +"To the extent the Fund engages in in-kind transactions, the Fund intends to **comply with the U.S. federal securities laws** in accepting securities for deposit and satisfying redemptions with redemption securities by, among other means, **assuring that any securities accepted for deposit and any securities used to satisfy redemption requests will be sold in transactions that would be exempt from registration under the Securities Act of 1933**, as amended (the “1933 Act”). Further, an Authorized Participant that is not a “qualified institutional buyer,” as such term is defined in Rule 144A under the 1933 Act, will not be able to receive restricted securities eligible for resale under Rule 144A." + +So they don't have to report these shares - that's bad enough. But what's that part at the end? Does that imply the AP's who *are* institutional buyers *can* receive "restricted securities eligible for resale"? How much borrowing do they have to account for *in the prospectus?* + +(( The very *existence* of this mechanism depicts the chasm between Wall Street and the public. They would say it improves liquidity and decreases volatility. I would say it's potentially manipulative, potentially *deflationary* to underlying securities, and I'd argue that [**it's actually major culprit in liquidity issues**](https://scholar.harvard.edu/files/kevin_pan/files/etfarbunderliqmismatch.pdf). Which isn't so surprising since it's the very mechanism siphoning liquidity away in the first place. )) + +// + +## GameStop, for real this time + +So after *all that* \- this next part, uh... this might be a little awkward, but.. back to those **7.4 billion shares** Citadel executed for *retail investors alone* on **a single freaking day.** Do you remember the prices increases of some *particular securities* that were sold?? Can you **imagine** filling all of those buy orders? + +Probably not, and I don't know if Ken did, either. Remember, this **is** the system, or roughly half of it. This is where your trades go, and how the system is *designed* to react. + +The *other* half would be the other APs. JP, GS, you know the crew. The ones that all **reported ownership of GME's ETFs in the last few months**. + +Why is that relevant? Well, as GME buying pressure goes up, APs need ETF to redeem. So the buying pressure in ETFs goes up but *uh oh* \- who's selling the ETF? Some of them are pretty illiquid to begin with, **so which AP bites the bullet, and shorts the ETF?** + +That'd be the one that didn't report buying them. Because they can't. Citadel Securities LLC. + +I'm probably just seeing things, but those 13F filings, to me, say *Wasn't me!* To me, they may as well be fingers pointing at Ken. + +Now, I have absolutely no idea *why* Ken bit the bullet in January. It could be that the technology netting him half of retail's trades, possibly their risk profiles, and the capability of that technology to generate the liquidity provided to *literally* keep the system from collapsing - it is possible that their technology may have been uniquely capable of handling the demand. + +It is also possible that all of the APs and Market Makers share pieces of the GME debt-*gâteau*. + +I **believe** based on, well, the above and the work of u/atobitt, Wes Christian and the like, that the true answer is some combination of those two and the following - + +// + +## Guesses, as educated as I can make them + +It is likely that GameStop has been aggressively sold short for many years - particularly since 2014. And as the ETF market grew from $100 billion to $5.6 **T**rillion in assets, I'd argue that ETF creation/redemption, intentionally or not, facilitated this process. + +Remember the ETF gobble/profit cycle I mentioned earlier? Maybe, and this is just a guess, this is some part of the "distribution" BlackRock is referring to in IWM's prospectus - + +"Because new shares may be created and issued on an ongoing basis, at any point during the life of the Fund a “distribution,” as such term is used in the 1933 Act, may be occurring." + +Well, that gobble/profit cycle would *love* for Hedge Funds and other firms to short sell GME, right? Price goes down, you get to make more ETF. It feeds directly into the cycle. + +So, in my worthless opinion, I think there's a significant possibility that many firms were short GME for many years, then ETFs came along, allowing APs to get in on the action, then HFT came along and combined a targeted short attack with a arguably dodgy, yet profitable trading tool and "accidentally" created a **massive ocean of rolling FTDs**, ... + +Yes that sounds crazy. But I'm not pulling that out of thin air. I remember even MarketWatch said GME had over 60 million shares short on January 15, and I went through like 10 ways to skirt reporting. Look at the ETF growth: $4 billion in 2007 to $7.7 trillion last year. That's over 192,000%. + +Honestly, and I mean this *can't* be right... but from everything I read, naked short selling is the clear, primary route of instant liquidity. That's terrifying because these are just computers programmed within certain parameters, but I think that's *why* naked short selling is the go-to: these things don't locate, it's far simpler and far faster to just sell now and use the three day (or 6 day, or 35 day, or *perpetual*) settlement cycle to look for a cheaper long synthetic position to hedge with. + +And when the delivery day comes, they do it again, and again, and again, because their coded to look for profits, to *make money*, and I don't know if there's a parameter than accounts for **all the shares sold, trading, and collateralized on the books with derivatives** that build up over time as excess supply. + +I could go on and on.. how spikes in GME FTD volume are perfectly in between those of its ETFs. How the spikes in options OI also line up perfectly. Or how creation baskets can even be "custom" and just theoretically be 50,000 GME's. It doesn't matter, the bottom line is - + +actually, I'll let BlackRock tell you, + +"Broker-dealers and other persons are cautioned that some activities on their part may, depending on the circumstances, result in their being deemed participants in a distribution in a manner that could render them statutory **underwriters** subject to the prospectus delivery and liability provisions of the 1933 Act." + +luv u Ryan ❤️ + +// + +If you're learning all of this for the first time, *shit*, honestly I can't imagine it. Like I said in the first post, it's taken me months to put all of this together - and I've felt crazier by the week. Maybe I'm missing something huge here, but 5.6 **T**rillion dollars is a lot of dollars, so this ETF thing seems kind of important. And really, I think I just needed to get it out of my brain and into words. + +and make no mistake, there were **1 billion GME shares** traded in the January run up. Idk if the original shorts were able to actually cover *anything*, but even if they *did* \- those buy orders were filled with short sales all the way up, just like the system was coded to do. + +Almost $500 billion in GME was sold in January. Of all the *concentrated*,*particular stocks* in January's madness - GME sold the highest dollar amount by $496 billion. Second was AMC, at $4b. AMC has since surpassed its January peak by over 350%. Just saying. + +// + +## 3 little things before I go... + +First, this overall explanation of the market does a great job of explaining similar price movements we see in multiple stocks. In the face of HFT algos naked short selling possibly *billions* of shares in a single day, we see multiple prices move along the FTD cycles. + +Second, it also connects the treasury markets - because as u/atobitt explained, the 10-20 year treasury bonds are the preferred collateral of the Repo Market, the largest and most liquid market on the planet (I think). One could buy (or otherwise obtain) treasury ETF shares, redeem them for bonds, and go to the Repo Market. *voila* cash to do everything I just described. + +Oh and, second-and-a-half, Michael Burry shorted a 20 year treasury ETF for like 500mil I think. TTT. You should check it out. + +Last thing - Idk if this is common across ETFs, but IWM rebalances ever February, May, August, and November. If you look at GME toward the ends of months, price and volume tend to increase. Which is weird, since GME has been in increasing in price since last November. + +While increasing, you'd expect the ETF to be redeemed for shares (ownership decreases), and if the price in February greater than in November, (it was, and this may have been what they were shooting for.. *sooo close*, kinda, not really), then the ETF should have to **sell** GME shares to maintain its proportions. + +**So why is GME's price going up while its ETFs are selling shares?** + +Dr. Burry, again, comes to mind. Remember when he sold in October, and it took his brokers weeks to find his shares? If an ETF needs to sell shares to maintain its portfolio, but it's lent all its shares, it needs to recall enough shares to meet the sale, and every borrow and re-borrow and re-borrow needs bought and rebought and rebought. + +That both explains the run-ups and confirms the shit outta my bias. And don't forget that ETF ownership *increased* since November, so any ETF un-siphoned to meet demand in January and re-siphoned by February. And then some. + +So, all put together, it almost looks like the shorts tried to cover, failed, almost broke the system by doing it at the same time as everybody else, and now the system that was coded to prevent the MOASS, and was successful, is trying to release all that pressure at factions of the volume that created it. + +*There the shares.* + +Naked shorts and derivative collateral and cash covered ETF swaps, maybe married puts too and when it comes time to cover, do it again, because it's cheaper that way. + +And if you need cash to do all of this 10 times over to prevent a system collapse, formally known around here as the MOASS, you derive collateral for the treasury ETFs too and make the whole problem worse when now that the sell pressure is gone. + +*That, maybe, is the House of Cards.* + +// + +If you heard me out and still think it's too crazy, I don't blame you. Thank you for humoring my brain dump. And I hope I didn't offend my French apes, really Idk why I ran with that theme. + +HODL 🚀🚀 +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: + +*** + +- Follow the Golden Rule. All other rules apply as well. Follow [this link](https://www.reddit.com/r/ethtrader/about/rules) to view the rest of them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or minor questions. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior should be redirected to the /r/CryptoMarkets trollbox thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +Thank you in advance for your participation. Enjoy! + +In the past day since the interview, there have been a flurry of posts saying Gary doesn't know what DRS is, claiming that he said so, telling him to go read his own website, etc. + +Except in the interview **HE NEVER EVEN SAID THAT**. In fact, he said the exact opposite. + +This isn't a misunderstanding. An army of bad players are straight up either lying or it's people falling into the FUD without watching the interview. + +Direct quote and link below. This anti-SEC anti-Gensler push happens EVERY TIME the SEC does anything good. It's fake as fuck. Like or dislike the SEC, you don't get to straight up lie about what they're doing and saying. + +Skip to **48:12** for his reply: [Interview with Gensler](https://twitter.com/i/broadcasts/1YqKDolwamaxV?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1603826335973269505%7Ctwgr%5E30777afa802b9fd45d8a708fdffc2cdae30ea94f%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.redditmedia.com%2Fmediaembed%2Fznm85t%3Fresponsive%3Dtrueis_nightmode%3Dtrue) + +# "I need to learn more about it Dave, I've heard about it. What do you suggest? What are you recommending?" + +He directly says that he's heard about it. Yes, he knows what DRS is. Obviously he can't speak to it too much due to the legal pressure, but to say that he's claiming he hasn't heard about it? **HE SAID THE EXACT FUCKING OPPOSITE.** + +Don't let these shills get away with this bullshit, because being against the SEC and convincing people that submitting comments is useless is how Citadel wins. This sub has had some insanely sketchy behavior lately and there's not enough push back against this. There are very obviously bad actors pushing an agenda on this sub very heavily. + +Oh, and DRS your shares. I'm 100% DRS and I wouldn't trust a broker with a single share of mine at this point. + + +**Edit:** I'd also like to add that Gary explained why he can't take information directly from reddit or twitter. It has to be in comments on [SEC.gov](https://SEC.gov) due to the administrations act of 1940, he explains it in the video. + + +Comment on proposals and sign those petitions! It's actually working, though there are a ***lot*** of people in this sub lately who would want you to believe otherwise. +*Guys, I'm going to put this out there, as a self-professed and defiant holder. I know some of you are active traders that may take offense to this, so just cover your eyes or ignore me for what follows.* + +**There was a time to trade shitcoins and easily make money in crypto.** Almost anyone could do it, practically by throwing darts at a board. And those times come in cycles, with history repeating itself. One of these cycles is likely in the process of ending, with coins that briefly found themselves in top spots, that are now relegated back to the dust bin of the crypto charts. + +But I believe we may be nearing the end of a mega-cycle of trading shitcoins to make easy money, because **the world is about to realize what a "quality" blockchain is, in the form of Ethereum.** + +Don't get me wrong, some of you can still trade the volatility and make money, but most of us can't do it consistently. And even if you can, consider if now is the time you want to risk your ETH to chase such gains, especially when we are on the precipice of truly amazing things happening for Ethereum. + +[Take this announcement from Vitalik yesterday,](https://www.reddit.com/r/ethtrader/comments/7qoe76/2018_within_the_ethereum_space_will_be_the_year/) where he straight up says 2018 is going to be a huge year for Ethereum. And this coming from a guy who is known for being incredibly un-sensational. *Vitalik does not hype.* + +[Or this article in today's New York Times,](https://www.nytimes.com/2018/01/16/magazine/beyond-the-bitcoin-bubble.html) which presents Ethereum as a "base layer" for a future, blockchain-enabled world. This is the most flattering depictions I have ever seen of Ethereum in the mainstream press, *and it is just the beginning of Ethereum entering the zeitgeist.* + +What's holding Ethereum back from true greatness? Scaling. What has Vitalik committed to bringing to Ethereum in 2018/2019? [**Scaling.**](https://www.reddit.com/r/ethtrader/comments/7qoe76/2018_within_the_ethereum_space_will_be_the_year/) + +Here's my insane prediction: as soon as we have *any* form of scaling that allows for meaningful dapp usage, which could come in the form of [Trusted Relay Networks](https://blog.gridplus.io/introducing-trusted-relay-networks-6c168f72a6f6) or [Minimum Viable Plasma](https://ethresear.ch/t/minimal-viable-plasma/426), it's going to be **game on** for Ethereum and **game over** for much of the competition. + +What will that look like for the price? I think up to 5x, just from temporary / suboptimal (and perhaps linear) scaling that allows for many currently ready dapps to run. Add on imminent futures, EEA announcements, Proof of Stake, Sharding, and maybe even an ETF? Add on another possible 5x to 10x. I know, this yields insanely high numbers, and I know many will think this is being completely unrealistic, but ***you're about to see what happens in a market when it starts to realize fundamental value over hype.*** +Went to an auction today in Melbourne. The listed price was 900-990 (the 10% range agents have to quote) however at the auction we found out the reserve price was 1.2 million (20% above the maximum range) with the property selling for 1.25 million. + +Surely this is the text book example of under quoting if the reserve was 1.2 right? + +Can anyone point me in the right direction on how agents are able to get away with this? +Hey guys. I just turned 18 half a year ago, so I have a contribution limit of 12k in my TFSA. + +I have already 12k invested in the TFSA, in my bank's fund and I want to change that. The fund has averaged 7% per year in the last 10 years, while the S&P 500 averaged 12-13%, and it also charges 2.5% fees per year (lol). + +My goal would be to invest money by myself, so transfer the 12k TFSA account to Questrade, and add a remaining 5k in a non registered account. + +The recent market correction made me realize that very-risky but high reward investments like biotech companies aren't my go to, since I don't think I can stomach constant high fluctuations. + +So, after studying some stocks and etfs, looking at balance sheets, predictions, etc, I consider this list of securities to be good calculated risks for a young individual that does not necessesarily fear moderate fluctuations. Feel free to comment on my pics, and share your opinion on them: + +-- ETFs -- + +- VUN: +Unhedged Vanguard Total US market index (equivalent of VTI) ETF. Nothing much to say except it will probably be my largest holding. Very safe and almost guaranteed returns IMO. + + +-SMH: +Vaneck Semiconductors ETF. I'm bullish on the sector. Companies like Nvidia will continue to grow their revenue with the rise of crypto mining, gaming, electric vehicules, etc. I understand that it is cyclical, but the demande will probably continue to rise compared to what it was in the last 10 years. + + +- JEPI: +JPMorgan Equity Premium Income ETF. They basically hold 80% stocks, and sell covered calls on a daily basis. The profit from calls goes toward monthly dividends. I expect a 6-8% yield if you compare it to other alike ETFs. + + + +-- Stocks -- + +- MSFT: +I believe, along with Apple, that Microsft will remain the two biggest tech giants in the world for at least 5 years. Microsoft reaches so many sectors with SaaS (Azure), services (Windows, Office), gaming, etc. People rely on the company so much that consumers will not stop using it any time soon. If they keep expending like they do, I see them being an even bigger and influential company. + +- AAPL: +Yes, over 40% of their revenue is the IPhone. It is an insane product. But the sales have been decreasing, and replaced by Music/App services and other accessories, meaning that Apple is diversifying away from its main source of revenue. I like that. Little plus, if they electric car rumor is real, could be interesting to see how things turn out for the company. + +- JNJ: +Johnson and Johnson sells pharmaceuticals, consumer healthcare and medical device. They own big brands like Neutrogena, Band-aid, Tylenol medications, and others. They supply a lot of big chain stores like Walmart, and their competitors (Bristol, Roche, Abbvie, etc.) aren't near its size. I chose it because I think the healthcare industry will never stop growing, and JNJ will keep acquiring new companies, but also because they have offered a very stable dividend, which shows how stable they are as a stock. + +- HD: +Home Depot is the biggest Home improvement retail company in the USA atm. The company will not stop selling as long as people need build, renovate, and basically live in a house. They buy back a lot of shares, offer a steady dividend that show how stable how a company they are and i like that. + +- AQN: +Algonquin Power & Utilities Corp is probably the smallest company on this list. It is a canadian renewable energy company that invests in hydroelectric, solar, and wind infrastructures across Canada and the US, but also utility businesses (water, natural gas). It has a very good PE ratio considering they pay a 3-4% dividend every year, and I expect them to get bigger and bigger, since renewable energy is the go to, and already very present in Canada with hydroelectricy. + +- JPM: +No need for introduction, it's the biggest bank in the world by market cap. The american bank makes a lot of money every year, shows great market growth overtime, and competes with giants of fintech aswell. +They offer a steady dividend like a lot of great banks. + + +- TD / RY: +TD or RBC, I haven't decided yet. Again, no need for introduction. They are the 2 biggest banks in Canada, and deliver great numbers. They have proven to be stable even in tough times because of canadian regulations but that also limits their upside. The thing I like a lot about TD is its exposure to the US market, and the potential growth it has. Both offer very good and steady dividends every year. + +- PLTR: +Palantir, even with the latest meme-allure, appears (imo) to have an insane potential. Foundry, Gotham and Apollo are the 3 products they actually offer. They accumulate, transfer and link different data sources together, providing information and solutions to the user at an insanely fast pace, while not neglecting the quality of the outcome. Their main clients would be governments, army, healthcare, but also banks, law firms, etc. Customers seems to be very satisfied with the outcome, and revenue will probably grow at a very fast pace in the years to come. I consider it a long term move, since building a big clientele can take some time for a company like Palantir. A bit more of a risky and hard to understand company, but I still think putting a little bit of money on it isn't a mistake. + + + +Honorable mentions: these are stocks I researched a lot about, but still couldn't find the courage to had them to my list. Tell me if you think I'm wrong and why:) : + + + +T (Telus) : Too many big competitors in Canada (Bell Canada, Rogers, etc.) and too little growth potential (small population in canada). + +ENB (Enbridge) : A few months ago, I would've been bullish on Enbridge, but oil/natural gas plays aren't very interesting to me. Of course almost all companies offer reliable dividends that you can count on every year, but I highly doubt Enbridge can maintain a 7-8% dividend for a long time, even while being the largest North American pipeline company. Also, Im bearish on the growth of the Oil sector. Even if it's not going away anytime soon, I don't see why it would see record growth knowing that : a lot of people do not invest in these non eco-friendly companies, and governments now support a lot clean energy. + +FB (Facebook) : The balance sheet of the company is actually INSANE. BIg market cap, medium PE, insane revenue with high profitability, and no dividend for better growth. The problem is, stock value is rarely entirely correlated to the balance sheet. Of course people aren't scared that facebook will stop making money, so it still holds a very good value. But I am not personally interested in a company that only makes revenue from social media adds. It's not something for me. + + +It's now over guys! The recurrent theme in this list is : I try to base my choices off a few main criteria. + +1. Is it a leader in its sector? +2. Is it scalable to even more customers? +3. Can it do well even in economic downturns? +4. Does it have a lot of room to grow? + +Of course, not all companies respect all of the criterias, for example AQN isn't a leader, but I see it growing a lot in the short-medium term future. + +Then, there are the big industry leaders like JPM, AAPL, MSFT, JNJ, HD, TD/RY that are IMO here to stay and grow for a long time. + + +The main critics I could do to myself are : + +a. I mainly chose already ENORMOUS company, maybe that means that they won't grow much more in the future. + +b. PLTR and AQN are speculative plays. + +c. Im not really diversified (a lot of tech/financials. + + +To these, I answer : It's true. But I think that the potential they have outweights the cons. For diversification though, I would need a bigger number of stocks, but ATM I have no idea / time to search because of school, woopsi. Feel free to give any ideas. + +Cya! +**TL;DR: Every day SHFs are burning through cash trying to keep the price suppressed. Their manipulation and algorithmic control can only go so far, as DRS is actively accelerating the speed at which SHFs burn through their cash. Loss of SHF financial support, DRS efforts to lock the float, etc., all contribute to the immense cash burning dead end SHFs will face.** + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Recommended Prerequisite DD: + +1. [Are Billionaires (or Wealthy Public Figures) Being Threatened Away From Publicly Supporting GME?](https://www.reddit.com/r/Superstonk/comments/u4jwqy/are_billionaires_or_wealthy_public_figures_being/) +2. [2022: Year of the MOASS \[8 Reasons Why ∞ Soon\]](https://www.reddit.com/r/Superstonk/comments/uf8pm6/2022_year_of_the_moass_8_reasons_why_soon/) +3. [Are Citadel Client's Leaving? Is This Why Citadel Is Losing It?](https://www.reddit.com/r/Superstonk/comments/pze6e3/are_citadel_clients_leaving_is_this_why_citadel/) + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Burning Cash + +§1: Everything Burns + +§2: Wall Street Crime Club Losing Support + +§3: Fractals of the Algorithm + +§4: Locking the Free Float + +§5: The Strongest Weapon: BUY, HODL, DRS + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**§1: Everything Burns** + +https://i.redd.it/h5nuhhqtsl291.gif + +[This](https://imgur.com/a/xnCW5hZ) hasn't gotten talked about much, but I think the global effort to spread awareness on the criminal acts of Ken Griffin has been working, and Citadel definitely took notice in the past. + +8 months ago I published "[Are Citadel Client's Leaving? Is This Why Citadel Is Losing It?](https://www.reddit.com/r/Superstonk/comments/pze6e3/are_citadel_clients_leaving_is_this_why_citadel/)", going over how Citadel was probably freaking out on Twitter speed running all 7 stages of grief because #KenGriffinLied was trending on Twitter, and you had plane banners flying around exposing Kenny's corruption, so I could imagine clients getting anxious and wanting out. + +Well, let's see then: + +Prior to Citadel Advisors' Form ADV filed on 5/27/2021, they had a total of 19 clients. Remember that each of these 19 clients is a very wealthy individual (we're talking aristocrat wealth; someone with a net worth in the billions, or at least $100 million range). + +The money that these 19 clients provided is what made up Citadel's margin. Emphasis on "made". + +That's because their ADV filed on May 27, 2021 showed that they lost 2 clients and were now down to 17 clients. Ok, Citadel probably lost a few billion there, and Kenny had to make trips around the world to convince these wealthy aristocrats to stay invested. Were his efforts enough? Not exactly, because on the latest Form ADV filed on March 31, 2022, you can see that he's now down to 16 clients (you can find this in Item 5.D.(f), which is located on page 28 of the [ADV](https://reports.adviserinfo.sec.gov/reports/ADV/148826/PDF/148826.pdf)) + +So, since the January, 2021 run up, 15% of Citadel's clients have left, and who knows are many still remain but are actively withdrawing money every month. Because in December, 2021 [Citadel](https://wccftech.com/gamestop-gme-bulls-rejoice-as-citadel-limits-without-fee-withdrawals/#:~:text=Citadel's%20Withdrawal%20Restrictions,from%20the%20previous%2010%20percent) limited the quarterly without-fee withdrawals to 6.25% from 10%. So, I can imagine a lot of clients are fed up with Kenny and actively withdrawing chunks of their money every quarter as well, which would explain why Kenny resorted to degrading Apes in an interview with Bloomberg by saying Apes are going after teachers' pensions. He is losing hard and getting desperate. + +How much money has Citadel been losing? Definitely billions. I can't give an exact estimate, because I don't trust their self-reported balance sheets, for as we have seen [in the case of Hwang](https://www.justice.gov/opa/pr/four-charged-connection-multibillion-dollar-collapse-archegos-capital-management) who was recently indicted by the DOJ for artificially inflating his portfolio from $1.5 billion to $35 billion, among other things, these numbers can easily be manipulated. + +Citadel [got a $1.15 billion bailout from Sequoia](https://chicago.suntimes.com/business/2022/1/11/22878539/ken-griffin-citadel-securities-sells-stake-sequoia-capital-paradigm) in January this year, which should tell you everything you need to know about their current situation, especially considering that Citadel was the one bailing out Melvin Capital a year ago. So we can see how rapidly they're losing money. + +[Citadel's office went up for lease as well](https://streamrealty.com/stream-realty-partners-chicago-office-tapped-to-lease-trophy-asset-in-central-loop/). They're really scraping under the couch cushions to collect as many nickels as they can to survive a little longer until they no longer have the cash to keep down MOASS. As financial terrorist, Kenneth Cordele Griffin, best said it, "each thing we did bought us 1 more day". + +Do note that as time goes on, SHFs' margin decreases. This is because they continue to burn cash every week that goes by. Cost to borrow, their various ways of price suppression, can-kicking, increased liabilities, loss of funds from client withdrawals, etc., all costs them a significant amount of money every week. Keeping the price suppressed for this long is unsustainable and constrains their options. It's fun for us because SHFs give us a free 99.9999% discount on GameStop shares, and they have to pay for it all, but for them, it's pure agony. + +So, it's safe to say that since their margins have been decreasing, their critical margin levels (where they'd get margin called) would, consequently, decrease as well. This is visibly seen on GME's chart. + +Ape "TiberiusWoodwind" excellently illustrates this in his chart, as shown below: + +https://preview.redd.it/fth30c7wsl291.png?width=864&format=png&auto=webp&s=c8ae8e8d237c2f1c85448059d54ed0cab7c42f8c + +This chart is a bit obsolete, as it's from March, but if we were to include the past 2 months of data, it would still follow this pattern. As a matter of fact, on March 29, GME touched critical margin levels around $200 (as indicated by the chart), got halted, and went straight down. + +The highest descending line is the area that SHFs need to keep the price suppressed, to avoid critical margin levels getting breached. You can see that back in March last year, for instance, critical margin levels would've been breached if GME broke past $350. Nowadays, it's around $200. + +If GME were to break past $200 and at least consolidate around the mid-$200 level, margin calls would ensue. Mid-$200 was a price they could afford GME to touch in the past, but that was a long time ago, and they had a lot more money (leeway) back then. + +I'm really just looking for the new margin call range. And marge will call. I know some Apes are thinking SHFs will never get margin called or can just refuse to respond, but if that was truly the case, IBKR Chair Peterffy wouldn't have been so afraid back in January last year, saying there was going to be a "massive wave of bankruptcies" had GME's price continued to rise. Had Melvin not gotten bailed out by Citadel, they would've closed out their positions, not just covered. + +\[Quick note for Apes unfamiliar with the difference between covering & closing a position: + +[Investopedia](https://www.investopedia.com/terms/c/cover.asp): “The act of covering does not necessarily mean closing the position. To cover is to take a defensive action to lower the risk exposure of a position, investment, or portfolio of investments. + +Close or closing, by contrast, suggests that the risk is being fully eliminated by exiting the position creating exposure.” + +SHFs have million dollar lawyers that use specific words for a reason, so be vigilant on their wording. You'll never hear Melvin's people say they "closed" their positions.\] + +Now, theoretically, they could've continued aggressively shorting and ultimately cellar boxing GameStop, but Apes came along, as well as RC, DRS, and also GameStop has over a billion cash on hand. So...it's pretty much over for SHFs. And if we follow the trend on Tiberius' chart, you'll notice that, by 2023, SHFs would have burnt through so much cash that they'd need GME to be at or below $40 to survive. Ouch! + +But GME really can't go below $40, because GameStop themselves would technically have enough cash on hand to buy up the remaining float and kickstart MOASS (lol), but we'll never even get to that point because of a variety of other reasons that will be breaking the algo and initiating MOASS this year. SHFs are rapidly burning through cash at an unsustainable level, and this can-kicking can only last so long. + +**§2: Wall Street Crime Club Losing Support** + +In my DD "[Are Billionaires (or Wealthy Public Figures) Being Threatened Away From Publicly Supporting GME?](https://www.reddit.com/r/Superstonk/comments/u4jwqy/are_billionaires_or_wealthy_public_figures_being/)", I found a "preponderance of the evidence that suggests the Wall Street Crime Club actively holds heavy influence to what is said by public entities, organizations, and big names outside the club." Well, I would like to add a few updates to this. + +Jonathan Ferro, an anchor on Bloomberg, said openly on TV that he didn't agree with the thought from Ken Griffin that Apes are making teachers lose their pensions. Tom Keene tells him "I'd like to stay out of it, Mr. Ferro, because we'd like to work Monday." + +A few days later Tom Keene is reporting on the WEF in Switzerland with a different anchor, and Jonathan Ferro isn't there. They mention how he's on a "different assignment". How convenient that he's off for the week. + +Here's the interesting part, though. Bloomberg removed every single video clip that mentioned Jonathan Ferro not being there. + +https://reddit.com/link/v0zrni/video/qme07r31tl291/player + +I find this pretty suspicious. But, hey, could totally be a coincidence...until you see what Cramer has to say about Citadel: + +https://reddit.com/link/v0zrni/video/1n6ia804tl291/player + +It's likely not a coincidence that all these public figures/billionaires that were supporting GME during the January run up in 2021 conveniently went quiet after SHFs regained control of the stock in February. And it's also no coincidence that MSM has been consistently pandering to Ken Griffin. As you've seen, news anchors aren't able to speak their own mind, lest they want to face the repercussions. + +https://i.redd.it/9requvo6tl291.gif + +Anyways, I just found that bit from Bloomberg interesting, especially considering that Bloomberg (and other outlets with ties to Kenny & BCG) wrote a hit piece on Jon Stewart, calling his streaming talk show a "[flop](https://www.bloomberg.com/news/articles/2022-04-18/jon-stewart-s-the-problem-on-apple-tv-joins-streaming-talk-show-slump)", 1 month after Stewart publicly called for the SEC to throw Ken Griffin out of the stock market. + +But the tide may be turning... + +**SHFs have lost their biggest advantage in the past: government complacency**. + +In §8: DOJ Investigation, of "[2022: Year of the MOASS \[8 Reasons Why ∞ Soon\]](https://www.reddit.com/r/Superstonk/comments/uf8pm6/2022_year_of_the_moass_8_reasons_why_soon/)", I went over how Archegos owner Hwang was indicted for fraud and market manipulation. + +Well, [recently on May 24th](https://www.justice.gov/usao-sdny/pr/glencore-entered-guilty-pleas-foreign-bribery-and-market-manipulation-conspiracies), the DOJ came after multi-billion-dollar SHF Glencore Capital, and forced them to pay up $1.1 billion in fines (a real fine, not some Mickey Mouse fine of $100,000 from the SEC). + +Quick tidbit, the DOJ found that Glencore also "bribed judges to make lawsuits disappear." I made a DD post last year where I also talked about how judges commonly get bribed by SHFs, and for some reason some people thought I was a 'conspiracy theorist' for saying that. Well, it's not really a conspiracy anymore, is it? It was pretty obvious, but I digress. + +Also, do you remember when it was announced that the DOJ has been seeking information from Citadel, Element, and others? + +https://reddit.com/link/v0zrni/video/tw205skktl291/player + +One of those "others" is multi-billion-dollar SHF Segantii Capital. + +And recently, Bank of America (as well as Citigroup) [suspended equity trading with Sengatii amid DOJ investigations](https://www.bnnbloomberg.ca/bofa-halts-equity-trading-with-segantii-on-block-trade-concerns-1.1770690). + +"The developments underscore how financial institutions are taking a closer look at practices and potential risks amid a sprawling probe by US authorities into how Wall Street handles block trades. Investigators are scrutinizing whether bankers improperly tipped off investors to stock sales large enough to send prices of shares swinging, with banks including Morgan Stanley fielding requests for information from authorities." + +It's pretty clear now that this is more than the DOJ just "seeking information" from these SHFs, but possibly looking to obtain incriminating evidence to make indictments on a later date. This would explain why other institutions may now be keeping their distance from any SHF under that DOJ probe. + +Which would be a bad look for Citadel, because they're under that probe, too. And anyone connected to, or invested in Citadel, is going to slowly be more incentivized to start keeping a distance from said SHF as time goes on and the DOJ collects more evidence. + +We'll be revisiting the DOJ probe again in "§4: Locking the Free Float," but to put it briefly here: + +This is drastically different than 2008. In 2008, only 1 no-name banker went to jail. Here, actual SHF owners are getting indicted, real billion-dollar fines being made, SHFs involved in the aggressive manipulation of GME are being investigated, and the DOJ investigation launched a few days after GameStop announced their DRS numbers. + +The DOJ isn't messing around here, and Wall Street is slowly starting to seem much more powerless. + +Around January, 2021, billionaires/wealthy public figures were speaking more freely about their disdain for the aggressive short attacks and market manipulation against GameStop. That was back when it seemed like Wall Street was losing control and criminal SHFs were going to go bankrupt. They didn't. In February, 2021, SHFs regained algorithmic control of the stock, and most these public figures went quiet again. + +RC was very quiet last year, only tweeting mostly memes. This year he's been tweeting more freely, most likely because he has his checkmate for this year and now feels more comfortable openly expressing his disdain for SHFs and expensive consultants. + +As we approach MOASS (& SHF bankruptcy), I'm expecting more public figures to start to reemerge from the shadows once again and freely speak their contempt on the SHF market manipulation against GameStop. + +Yes, the Wall Street Crime Club still has a lot of power and sway amongst the media, public figures, organizations, etc., but with the heavy DOJ probe looming over them, the indictments of market manipulators now on the table, and with institutions cutting ties with those under DOJ investigation, I can't help but notice they're losing their pull. + +**§3: Fractals of the Algorithm** + +As you may recall in §3 of my DD "2022: Year of the MOASS", I looked into the $100 million algorithm that SHFs use against GME and compared it to the closest algo I could that best emulated GME's algo (the algo manipulating BRN), which is ahead of GME by 5 months: + +GME: + +https://preview.redd.it/xtd6oprptl291.png?width=1149&format=png&auto=webp&s=f9b20f83e7369d9528061b4820ecd53cd8f52ec0 + +BRN: + +https://preview.redd.it/5dnrhq9rtl291.png?width=1187&format=png&auto=webp&s=f9d9e582d081d27c0b57bc727c4f090a681c0072 + +I derived a positive moderate correlation of .4, which demonstrates that there's a decent correlation, and we can possibly see a glimpse of GME's future by looking at BRN. + +Well, there's more evidence to back the algo up: fractals. + +What is a fractal? In layman's terms, a fractal is a smaller pattern within a larger pattern. Fractals are very common in algorithms, and do show up in mathematical formulas all the time, such as the Golden Ratio (ϕ ≈\[(1+ √5)/2\]). + +For over a year, there have been fractals displaying a smaller algorithmic pattern within the larger algorithm as a whole. This is like inception, but with algorithms. + +Recently, we've seen one this month. + +Take a look at this chart and tell me what you see? + +https://preview.redd.it/okc4st3wtl291.png?width=1440&format=png&auto=webp&s=0f9f4306a54a980831e3010aad541ab815d69568 + +It look like GME from January, 2021 to the future, right? Well, this is a fractal, which started this month on May 12 and lasted till May 26. If this is what I think it is, the algorithm manipulating GME is showing another mini algorithm, which, coincidentally, is pointing to a breakout and ATH in the future, just like BRN. How far in the future? Could be the summer, could be many more months out, but it's clearly demonstrating that the algorithmic can-kicking can only last so long to the point where the algo can no longer can-kick and must allow for a substantial increase in price. Obviously shorts didn't close their positions, so if GME were to hit an ATH, this would break the algo and launch MOASS. + +This is something I wanted to bring up, as the price suppression/can-kicking algo will eventually reach a limit where ATHs can no longer be delayed, and MOASS initiates. + +**§4: Locking the Free Float** + +There's 2 different types of floats: free float and full float. + +The full float = (GME outstanding shares-Insider shares) + +The free float = (GME outstanding shares-Insider shares-Institutions-Mutual Funds-ETFs) + +Ape "Rockets2TheMoon" gives us an excellent illustration here (3rd bar in the graph): + +https://preview.redd.it/y7e948rxtl291.png?width=988&format=png&auto=webp&s=3f02e6f883e0246cc9e30a03f23e1cb51087bc2f + +What's imperative is locking the free float. I mean, sure, we can lock the full float, that'd be great, but we only ever needed the free float. Why is that? + +Because we need to prove only fake shares are left. Every single share currently held by institutions, etc., has been recorded on the SEC Form 13F. This is verifiable ownership of shares. Insiders have verifiable ownership of shares as well. You can find this on the SEC Schedule 13D or SEC Form 4. + +ALL these shares, except for the free float, have defacto been accounted for. When Apes lock the free float via DRS, EVERY single share will have been accounted for (and any further GME being passed around on the exchange is identifiably fake), which is a BIG deal (also undermining MSM's agenda against GME). + +GameStop shares outstanding is about 76.34 million shares. What happens when Apes lock the free float AND continue to register their shares, and now the total number of recorded shares is 76.5 million, when shares outstanding is supposed to be 76.34 million? That means that people out there now have shares they aren't supposed to have, and that's gonna be a problem. + +I've heard the arguments about this. "But institutions lend their shares." So what? Yes, of course they lend their shares, they even rehypothecate their shares, I don't care. The share's ownership is still recorded on the SEC Forms. This is just like lending a house. Yeah, you rent a house from someone, you can mess around with it a bit and whatever, but the house is still under the name of the person that lent it to you. Its ownership is recorded. + +But I highly doubt we will end up locking the free float before MOASS. The government will most likely initiate MOASS well before then. + +Here's a comment I made about it a few weeks back: + +https://preview.redd.it/ljjllmcztl291.png?width=721&format=png&auto=webp&s=be4aad9ec7e0714fa5da1a4643a29e16c2807cba + +It's been repeated ad nauseum at this point that it feels like a semantic sensation, but I'll say it again. The DOJ cannot allow the float to get locked. + +The NYSE is a leading global stock exchange, and GME trades on it. It would completely undermine the exchange, the country, and its regulatory bodies if people are found to be holding fake shares. + +How would foreign governments feel with the U.S gov. when they see GameStop shares have been accounted for and their investors are just purchasing synthetic shares? + +How will brokers explain this to their clients? "Yes, all shares have been recorded and accounted for. If you purchase anymore shares through us, you will just be receiving an IOU for GameStop". + +If the government allows the float to get locked, it will end up globally revealing the synthetics shitshow hiding behind the curtains, deterring future domestic and foreign investments, harming the GDP, which makes this a national security issue. + +Here's Attorney General Merrick B. Garland on how market manipulation is a national security issue for the DOJ (March, 2022): + +https://reddit.com/link/v0zrni/video/8fnjrpi3ul291/player + +Again, the DOJ investigation this year is VERY different compared to 2008. In 2008 nothing happened. This year, Archegos owner and co-conspirators already got indicted for fraud/market manipulation, and face life sentences in prison. + +Remember that the DOJ launched their investigation a few days after GameStop announced DRS numbers. They could've launched an investigation any other time, but it happened to happen a few days after those DRS numbers got published by GameStop, and the DOJ just so happens to be investigating and cracking down on SHFs involved in the excessive shorting of GameStop shares. + +Better to force a SHF to close their positions and initiate MOASS before the float gets locked, than have MOASS happen after a whole can of synthetic worms already got opened. + +So I highly doubt we'll lock the float before MOASS starts. + +But, if we were to lock the free float, how long would it take? + +Sometime around 2023 would be when the free float gets locked, but we won't make it till 2023 for a variety of reasons, which I described in "2022: Year of the MOASS". + +Ape "Mupfather" [makes a good case](https://www.reddit.com/r/Superstonk/comments/uwphd9/best_worst_case_we_lock_the_float_by_april_next/) on how quickly the float will get locked. + +Ape "Rockets2TheMoon" also makes [a very compelling case](https://www.reddit.com/r/Superstonk/comments/urmh05/the_shrinking_exit_gme_at_a_major_turning_point/) on how MOASS will start before the free float becomes smaller than short interest, as smaller SHFs will want to close out on their positions before their exit closes (this is EXACTLY what VW shorts feared!!). This would mean that it'd take 8.6 million more DRS'ed shares (or less) until MOASS. + +Feel free to check out [drsgme.org](https://drsgme.org/) created by Ape "millertime1216" to learn more about DRS! + +**§5: The Strongest Weapon: BUY, HODL, DRS** + +BUY, HODL, DRS. These fundamental principles were the buildings blocks that have brought GME to where it is today, and they are the 3 core traits that make up and strengthen an Ape. + +https://preview.redd.it/fqbviug5ul291.png?width=1440&format=png&auto=webp&s=405d6d46b4538f43e751f33bc54727cb4e6484fe + +It's perfectly fine to have questions, or even not be able to DRS because of personal financial reasons, but when I see someone deliberately try to attack any of these 3 core traits, it becomes suspicious to me. + +I remember last year, way before DRS, the focus in the Ape community was to get out of RobinHood. I made posts, though, showing how it wasn't only RH that screwed Apes, but WeBull, E-Trade, Ally Invest, pretty much most brokers, so the solution needed to be much bigger than just leaving RH. But I couldn't really think of a better solution than switching to Fidelity or TD, so I just stuck with that. I wish I'd done more research, because I had no idea that DRS was even a thing until September. Why is that? + +It's legitimately a good question, because there were many Apes out there back in June, 2021 (even way before then) that were trying to educate the community on DRS, but most of those DRS posts got downvote bombed hard, and some Apes in the comments even noticed and pointed it out. + +https://preview.redd.it/k6o135t6ul291.png?width=1440&format=png&auto=webp&s=98cb88ce2658dd621e03eb98aac539d5999387f4 + +There were a few DRS posts that gained traction back in May/June last year, but were met with forum sliding, and so the community forgot about it and moved on. + +Interesting how that works... + +Imagine how much more progress we would've made towards locking the float had the DRS movement started several months before September, 2021. + +The downvote bombing continued on DRS posts, but then DRS really started kicking off in September, 2021 because you had Apes like Criand dropping hot fire DD like this: + +https://preview.redd.it/uqwjv428ul291.png?width=735&format=png&auto=webp&s=f2f896f4392972162daa5fe7c9f757155cbd9035 + +Shills weren't able to burry Criand's pro-DRS DD post, and so DRS started to kick off. Criand's post was actually how I first learned of the superpower that is DRS. + +I did tons of digging into DRS, realized how powerful of a tool it was, and began publishing pro-DRS DD posts in another Ape sub I was active on, but my pro-DRS posts were getting removed, downvote bombed, you name it. Even Criand tried to help out in the sub as well, but his post got locked, and many anti-DRS shills came after him. I could talk about what transpired back then all day, all the bullshit I had to deal with, but it's a lot of stuff that I really don't want to get into, though if you'd like to understand a bit of the history, you can read [my DD post over half a year ago.](https://imgur.com/a/9OdmLE4) + +Basically, I have witnessed entire Ape communities get destroyed by anti-DRS shills, bought mods, etc. There were genuine Ape communities, filled with tons of good, well-intentioned Apes that tried to fight for DRS, but were shut down, permabanned, attacked, you name it. Make no mistake, SHFs want to take this sub as well. + +**The wolfs blew down the houses made of straws and stick, but have yet to blow down this house that was made brick by brick.** + +I can imagine SHFs have been going nuts trying to find a way to infiltrate SuperStonk. This is probably why Reddit Admins have continued to try to restrict what's being said in this sub. + +The most important thing you can do as an Ape right now is protect the DRS community here. They will do everything they can to try to take down and destroy DRS sentiment. We cannot allow that to happen. Next time you see anti-DRS shills trying to attack and undermine the community, ask yourself "why are these guys so hellbent on trying to discourage Apes from holding shares in our names? Why do they want our shares to remain with brokers so badly? What economic incentive do they have to want to dedicate their lives to attacking DRS?" As Occam's Razor tells us, the simplest answer is usually the right answer. + +GME's IBKR borrow rate (leading to May 25, 2022): + +https://preview.redd.it/ws5wblg9ul291.png?width=865&format=png&auto=webp&s=fcf5bbc0e7d53684fc48cf412f612846eee76f25 + +αmc's IBKR borrow rate (leading to May 27, 2022): + +https://preview.redd.it/rqmugenaul291.png?width=844&format=png&auto=webp&s=b504409acb728cc8279f2c5204d7ae864e0c7a7f + +Not a perfect representation here, I know, but you get the picture. + +From September, 2021-January, 2022, GME and αmc's IBKR borrow rates were at 1% (most of the time), but things started to slowly diverge for GME starting from the end of January. GME skyrocketed, and now sits at (as of recording) an IBKR borrow rate of 76.8%, whereas αmc's IBKR borrow rate sits at 7.7% + +\[I would like to point out though that αmc's & GME's IBKR borrow rate had spikes in the past before this chart. αmc had spikes around June, which I assume were from FOMO (also maybe rollover periods/hedging as well). GME had spikes in January last year, which I assume was also mostly due to FOMO. + +The borrow rate can spike up when there's a ton of FOMO, because when demand for shares increases, SHFs are gonna need to borrow more shares to keep the price down, but if the supply of available shares for lending stays the same, the borrow rate needs to go up \[this is on the basic level, assuming there's no manipulation (press 'x' to doubt), but I take it even with whatever deals SHFs cut with brokers, the amount of shares they needed to borrow was too much at that point that they had no choice but to raise the rates).\] + +According to αmc's [Schedule 14A](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001411579/0a4ebb0d-3ab0-4b71-82bd-224ff3b967f6.pdf) (page 4), there are 10,498 registered holders (as of April 21, 2022), compared to GME's 125,543 registered holders (as of March 11, 2022). + +I imagine most of the 10,000+ registered αmc holders come from GME Apes holding both stonks. + +But you can see, yes the borrow rate is going up for both stonks, but there's over 10x more registered GME holders, more shares out of the DTCC, so the borrow rate is higher for GME. + +I've said this back since September (on another sub as well, but my pro-DRS posts kept getting removed from that other sub): + +Every share that is DRS'ed is 1 more share that can't be used against us. + +As I said in [Mountains of GME Synthetic Shares](https://www.reddit.com/r/Superstonk/comments/qxljfb/the_numbers_are_in_mountains_of_gme_synthetic/), "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." + +Before DRS was a thing, brokers had tons of GME shares sitting around. They could do whatever they wanted with them: lend them out, rehypothecate them, use them as locates, etc. + +But once DRS got mainstream with Apes, it changed the playing field. The # of shares SHFs/brokers could play around with decreased as the weeks went by and more Apes took their shares out of brokers and registered them in their own names. + +It got worse when GameStop published the number of DRS'ed shares by Apes. And finally, after months of Apes DRS'ing their shares, brokers couldn't take it anymore, and slowly started to increase the borrow rate. + +It's interesting, because the borrow rate slowly started to increase at the end of January, which was around the same time Ally Invest reportedly tried to stop DRS transfers: + +https://preview.redd.it/ycdgek9cul291.png?width=539&format=png&auto=webp&s=0a45b2d9557bc6a6f8ba62e431cb623a88941e69 + +And they even went as far as to email Apes that had already transferred their shares to Computershare, trying to convince them to reverse their transfer. + +I honestly think that these brokers started freaking out and did everything they could to slow down the rate Apes were DRS'ing their shares. That's why you'll see some brokers take forever to DRS your shares, or make the process more complicated or drawn out, or even ask you a bunch of questions to try to get you to lose your guard and not register your shares. + +Why? + +Simple. Because DRS works. + +Normally, when CTB increases at this speed, it's indicative of a significant price increase (whether within weeks or months). + +I made this comment addressing it less than a week ago: + +https://preview.redd.it/x4dc5iieul291.png?width=1440&format=png&auto=webp&s=e4cfa97803c70b2e701f6b09de1b5a278b9e355b + +The difference is primarily DRS. These shares keep getting taken away from the playgrounds of brokers and directly registered under the names of pure-blooded Apes. Eventually, this was not going to be self-sustaining for brokers, and the CTB was going to need to increase. That's exactly what's happening. No matter what they do, the CTB trend is going to continue to go up in the long-run, because shares will continue to keep disappearing from brokers, due to DRS. + +We'll MOASS way before the free-float gets locked. SHFs will be burning cash at such a high rate before then that they won't have the financial strength left to hold back MOASS. DRS is definitely helping burn through their cash, and it'll be making MOASS all the more explosive. + +\---------------------------------------------------------------------------------------------------------------------------------------- + +Additional Citations: + +Department of Justice (March 3, 2022). *Attorney General Merrick B. Garland Delivers Remarks to the ABA Institute on White Collar Crime*. Available at:[https://www.justice.gov/opa/speech/attorney-general-merrick-b-garland-delivers-remarks-aba-institute-white-collar-crime](https://www.justice.gov/opa/speech/attorney-general-merrick-b-garland-delivers-remarks-aba-institute-white-collar-crime) + +Department of Justice (April 27, 2022). *Four Charged in Connection with Multibillion-Dollar Collapse of Archegos Capital Management*. Available at: [https://www.justice.gov/opa/pr/four-charged-connection-multibillion-dollar-collapse-archegos-capital-management](https://www.justice.gov/opa/pr/four-charged-connection-multibillion-dollar-collapse-archegos-capital-management). + +Department of Justice (May 24, 2022). *Glencore Entered Guilty Pleas To Foreign Bribery and Market Manipulation Conspiracies*. Available at: [https://www.justice.gov/usao-sdny/pr/glencore-entered-guilty-pleas-foreign-bribery-and-market-manipulation-conspiracies](https://www.justice.gov/usao-sdny/pr/glencore-entered-guilty-pleas-foreign-bribery-and-market-manipulation-conspiracies) + +“SEC Filing: Gamestop Corp..” *SEC Filing | Gamestop Corp*., SEC, 17 Mar. 2022, [https://gamestop.gcs-web.com/node/19651/html](https://gamestop.gcs-web.com/node/19651/html). + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +**Bonus quiz** + +I created this Ape quiz for fun. It's got ten questions that are a mix of Ape history, the understanding of market mechanics, and characteristic principles of Apes. Enjoy! + +https://reddit.com/link/v0zrni/video/svlqkcrgul291/player +Just wanted to say it’s really sad to see people asking questions here about things like how do I get out of Zip debt and then getting people posting unhelpful snarky comments. We’ve all been there, we should be trying to help others out from the lessons we’ve learned. + +I know a lot of people are very helpful, but for others, think about “if you can’t say anything nice, don’t say anything at all”. Probably help in other areas of your life too. + +So thanks to everyone that makes the effort. + +Mods feel free to delete if this doesn’t meet guidelines. +On that podcast yesterday, when I said I was at 100% cash, that was roughly speaking. I haven’t sold a share of GME. And I won’t. Don’t let the shills try to scare you. They want me away from GME. IM NOT GOING ANYWHERE! 🚀 +On the night of November 1st/early morning of November 2nd, someone made 8 separate withdrawals of $600 each(Total $4800) at ATM machines in Tarrytown, White Plains, and lower Manhattan from my dad's account and then phone transferred another $5000 from his savings account to his checking account. Then the thief made three purchases at Target with a debit card, charging $1000, $2000, and $2000 respectively. The total amount that was taken out of my father's account was $9,800. + +When he checked his email on November 4th, my father immediately called Bank of America and notified them of the fraud and filed two claims (one for the saving and one for the checking accounts). + +After waiting several business days for the result of the investigation, my father called BofA to check on the status of the claim and was told the claims could not be paid because they did not see any errors on their part with their system! They reopened the claim but then closed it again several days later. +I don't understand how the bank can deny responsibility. My dad has never told anyone the pin number for his debit card(not even members of his own family). When you put money in a bank, it is suppose to be safe and now he feels violated because not only was this money stolen from him, but now they are trying to say that they are not at fault. + +He was informed by a BofA associate that someone had called in requesting a new debit card on Oct. 27, 2016, but he did not make a call to BofA on that date. I don't understand why the bank would allow this unusual activity to go through, or how they could let a thief phone transfer his money between his savings and checking accounts! Also, how can the bank authorize a new debit card to be mailed and what exactly is required for this request to be granted? He did not make the call to request a new debit card! Where are the security checks in place for any of this? +My father filed a police report and the detectives assured him at that time that the bank would return the cash. They said that as long as the fraud is reported within 60 days, the bank has an obligation to return the funds. + +The last time he spoke with a BofA manager in a local branch, they actually reassured him that he would be getting his money back and that the process just takes time. + +But this is the letter that my father received from BofA today: + +We’ve completed our investigation of your above referenced claim and based on our findings, we’re unable to honor the claim +because the transfer was made to an account that you own and the funds were made available to you for personal use, used to +pay an obligation owed by you, or both. As a result, we’re respectfully denying your claim. +What you need to know +• We based our decision on our records and the information you provided when you contacted us about your account.If you +have additional information pertaining to the transaction(s), please contact us at the toll-free number listed below. +• You may request copies of the documents used in our investigation and we’ll mail the information to you for your records. +• We now consider this claim closed. +We’re here to help +Please call us toll-free at 1.800.317.6345, Monday through Friday between the hours of 8:00 a.m. to 8:00 p.m. ET, if you have +any questions. +Fraud and Claims + + +At this point, what should he be doing? Contacting the local news? Getting a lawyer and suing BofA? I asked him to mail a certified letter with return receipt to BofA so that there is a paper trail of all of this. + +According to the FTC, he should be fully covered. +https://www.consumer.ftc.gov/…/0213-lost-or-stolen-credit-a… + + +Edit: Thank you all for your replies and comments. I will do research into what federal agencies to file complaint at and I will keep everyone updated on any additional details. In the meantime, I will try to answer some of the questions that were posed: + +1) The thief called BofA and requested a new atm/debit card on October 27th and it was mailed to my parent's home address. I believe that whoever called BofA to request the card also stole it from the mail. My mom's account at BofA was not compromised but my parents were very upset and did not want to take any chances, so they requested replacement cards for both their accounts (their accounts are not linked) after the incident. +BOfA mailed my dad's debit/atm card and pin on separate days as requested, but my mom's new debit/atm card and pin still arrived in the mail on the same day. I am guessing that this is how the thief was able to get ahold of the card/pin. + +2) A lot of people are asking why the withdrawal limit was so high. My dad received a letter in the mail a few days after the fraud occurred letting them know that their withdrawal limit was increased to $2400. Apparently, the thief called in and requested to increase the daily limit. They then made 4x$600 withdrawals right before midnight on November 1st, and 4x$600 withdrawals in the early morning of November 2nd. By the time my dad got the notice that his withdrawal limit had been increased, his money was already long gone. + +3) I have no idea why the thief had to do a phone transfer to move the remaining 5k from the savings account to the checking account. I would think that you could do a transfer right at the ATM. I think there should be a recording of all of these various phone transactions and BofA frankly does not care to look into them. They also don't care to look at the videos from the ATMs. + +Edit#2: Update +Great news! Bank of America has returned the money to my dad's bank account. He received an email to log into his BofA account to check some new messages. After he logged in, he saw that his funds had been returned and the messages stated that his subsequent follow up claims had been approved. + +The next step is to find out from BofA and exactly what information the perpetrator had that allowed them to request a new debit card from BofA to be mailed to my dad's address. I saw a lot of comments that asked why my dad didn't file a police report, but he did! I realize that the first post was a huge block of text, but I did mention that he filed a police report. It's just buried in that text. A lot of people also mentioned that it might be someone close to him such a a family member, but this is pretty much impossible. My mom and dad immigrated to the US over 30 years ago, so we actually don't have any other family members here, as the rest of the extended family is overseas. I'm their only child and I live on the west coast while they still live in NY. I also doubt that they fell into bad company because they are some of the most straight laced boring people you'll ever meet, lol. They don't drink, gamble, smoke, etc. In any case, the next step is definitely to figure out how this happened in the first place. Hopefully BofA will be able to provide us more information in that regards. +So I’ll start by saying that I don’t believe in Bitcoin as an investment and have never invested in it or have any regret about not doing so. + +It’s bugging me that many friends and colleagues who have never invested (other than blindly into a pension) are now an expert on Bitcoin and how I’ve got it all wrong but can’t explain where the value is or what the actual investment is other than it’s of a limited supply and gets infinitely harder to mine. + +Its also become much more accessible than last time with the likes of revolout allowing quick currency exchange into it and others, the ease of it again will push the value up. + +Then you have ‘influencers’ who are on the band wagon too singing it’s praises. Not to mention the likes of Elon Musk’s musings. + +There’s talk of it being recognised by the worlds biggest economies UK/USA/China etc, but why would they recognise it and not just create a new crypto currency and then have total control rather than a crypto currency they can’t control. + +Then there’s the environmental factors, latest reports are that Bitcoin uses more energy than Argentina. Once again the humankind has discovered a new novel way of killing the environment, profit over planet. + +So whilst I think the technology of blockchain will play a part of the future, the brand of Bitcoin is a flash in the pan and ripe for another bust. + +After all, ‘When the shoeshine boy......’ +New year, new direction for the subreddit. Thanks for all your feedback in the previous mod-thread. The moderation team have discussed options and have decided to push the sub in the direction of serious, thoughtful discussions about longer-term active investing. + +We appreciate that this is a big swing in moderation style, and it is likely to be a bumpy ride for a while. If you are a regular user of this subreddit reading this and thinking "FINALLY we'll get some decent discussion", please help the mods out by using the report button where posts and comments don't meet these new requirements. + +This change will be monitored closely and we welcome feedback. Enforcement of the changes will start from today. + +--- + +# Welcome to /r/UKInvesting, a subreddit for thoughtful discussion of active investing strategies and tactics. + +Before posting or commenting, please make sure you are comfortable with the following posting requirements + +1. You have a sensible reason for not just buying an all-world index tracker +2. If you are posting your own research or content, or a question for discussion, you have written your own opinion and provided evidence to support it. Minimum character count of posts is 300. +3. If you are posting a link to other research or news, you are posting the link at the top of a text post and including your own thoughts and opinions + + +What this subreddit is for: + +* Presenting your stock research for discussion +* Sharing high-quality investment content written from a UK perspective. This does not exclusively mean UK stocks, but that the strategies should be focussed on positive outcomes for UK investors +* Positions on stocks and markets that relate to an investment period of at least 5 years (whilst the individual positions might be short-term, they must relate to a typical investment timeline) +* Discussion of investment themes and their impact on your portfolio - these could be big themes (geopolitical impacts on investing strategies) or small themes (individual company activity) + +What this subreddit is not for: + +* Beginner investors - please use /r/ukpersonalfinance instead, and check the recommended resources at https://ukpersonal.finance/recommended-resources +* “Just use a global tracker” - if a question leads to this answer, it breaks the posting guidelines and you should report it. +* Discussion of any form of ultra-short-term “trading” activity. No YOLO WSBs, no cryptocurrency, no spread betting or CFDs. There are more appropriate places to discuss that kind of approach. Short-term investment tactics are acceptable for discussion but only as part of a longer-term strategy (details of which must be included in any discussion). +* “What broker should I use?” questions - Use Monevator’s comparison list https://monevator.com/compare-uk-cheapest-online-brokers/ +* Rate my portfolio threads - use the weekly thread (always pinned to the top of the subreddit) +* “What is your opinion on x?” - present your own thoughts and have a discussion instead. +* Questions that can be answered with a Google search or that are unanswerable (this includes "DAE..."-style posts, which is any question that starts with "does anyone else [do/think/feel] ....?") +* Low-effort posts or comments of any sort. Top-level-replies especially will be held to the same high standards as posts themselves. Lower than top-level replies can be shorter and more discussional. +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. +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). +https://www.reuters.com/markets/rates-bonds/moodys-puts-russia-ukraine-ratings-review-downgrade-2022-02-25/ + +Russia's invasion of Ukraine triggered a flurry of credit rating moves on Friday, with S&P lowering Russia's rating to 'junk' status, Moody's putting it on review for a downgrade to junk, and S&P and Fitch swiftly cutting Ukraine on default worries. +**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. +Wife and I moved to Idaho 3 years ago. Early 30s. Combined household income around ~475k with ~1.6M NW. + +When we moved here, no kids. Now, 1 kid with more in the near future. Both our families live in Southern California (coastal). + +We’re getting the itch to be closer to family, but the increased cost of moving back is painful. Our current mortgage is $2600/mo on a beautiful 3,000 sq. ft. home. A comparable home in CA (coastal) would likely be $2M, leaving us with a ~$10k/mo mortgage. + +Taking into account the mortgage costs, additional taxes, I’m penciling an additional ~$10k/mo to maintain a comparable lifestyle. + +We do miss the beach. And being able to see family at a whim. But $10k/mo invested over ~5 years is roughly $1M…. + +Anyways. We can afford it. I’m just wondering if this will cripple our goals to fatFIRE by our late 40s? On the flip side, I guess you can’t put a cost on being close to family. + +—————— +EDIT / UPDATE (posted in thread also) +—————— + +I appreciate all the comments from everyone. I should add a few additional pieces of information and background: + +-My wife and I have remote jobs. I work in enterprise SaaS sales, and she is a consultant. +-We both grew up in Southern California. Her on the coast, and me in the Coachella Valley. We have deep roots in the region. +-we live very active lifestyles. After living in Idaho, and having spent my time skiing, cross-country, hiking, biking, and fishing, I haven’t found anything that scratches the itch quite like being in the ocean. +-prior to moving to Idaho, I spent all of my downtime surfing. Since I was a kid. I knew I had to give that up moving out here, and I thought I could find something to replace it. But I haven’t been able to do that, and I’m seeing surfing more and more as a lifelong hobby. +-all of our parents are retired, we like them all, and they would love to babysit or take care of the little ones anytime. Some thing we have also struggled with living away from family, is the ability to take a weekend trip somewhere fun, or a spontaneous day activity without the baby. We also have a dog, which also makes things more complicated when we leave the home for a few days. Our family members have dogs and would happily keep our dog if we left town for a trip. +-what I didn’t include in our net worth calculation wise significant equity in two start ups that we worked for. Both of the start ups are now around the series E phase, and I expect both to go public within the next five years. I’m not counting on any of this, but I do think there is a high likelihood for a three to $4 million payout. + +Having said all of this, and reading through these comments, it gave me a lot to think about. However, my current thinking is that we sell our place in Idaho as soon as possible. We will pull roughly $650,000 out of this home after all of the fees, and can use this towards a down payment on something nice in California. Even putting this money on a $2 million home in California will increase our mortgage by only 4500 per month after everything is said and done. + +My mom has a small second house in the Coachella Valley, which never gets used, and has graciously offered us to live there for as long as we want until we find our final destination. So, with the cash in the bank after we sell our Idaho home, we will be able to live there and evaluate the market. This will allow us to get very particular with what we’re looking for, while saving a bit more money each month towards the new purchase. + +After sleeping on all of this last night, I think this is the right move. There will be an additional cost in our future, but living in Idaho, I don’t like questioning myself regarding how many more times I will be able to have dinner with my dad until he is dead. Our parents are older, and flying them out here weekly is fun to talk about, but nobody wants to do that, and it is an inhibitor to anyone visiting. + +Our families are well off, live in pristine locations, and the grandparents aren’t most interested in leaving their homes weekly to fly to Idaho. Trust me, I’ve run the math that many of you have proposed to fly them out here, but they are FAT and retired. When you are that age, I don’t think you’ll want to be boarding a small flight weekly to visit a cold destination either. + +Long-term, if we can get a stroke of luck with an IPO from one of the places we have worked, I think things will level off. In addition, while I’m not counting on it, our families will leave us a chunk of change when that time comes. So, until then, we might as well make the most of it and spend our time with them. +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. +I've been considering investing in some rental properties, but after doing the math I don't see how they're worth it... but I'm assuming I'm missing something. + + +If a good return on your rental property investment is about 10% (this is just what I've read a few places online) and the building appreciates at roughly 4% per year, your investment has made you about 14% per year. + + +If you invest that same money into safe stocks/ETFs with 3-4% Div/yield and the market increase by around 10% each year you're essentially making the same amount of money with a lot less work and greater diversification in your investment. + + +So what am I missing? Is the normal return on rental properties actually higher than that 10%, or is it something else? + + +Thank you for any insights or feedback! +AMD is reporting their Q4 2020 results on the 26th. As a long-term investor and given all the events in the past months I believe AMD is still undervalued at $90. I’ve made a previous [post](https://www.reddit.com/r/AMD_Stock/comments/kwfxp7/amd_still_undervalued_at_95/) about this but there was some news last week which I incorporated in here is well. + +&#x200B; + +**Intel struggles** + +Last week Intel has announced that they will replace Bob Swan with Pat Gelsinger as their CEO. This has led to Intel stock going up 13% and AMD dropping 5-6%. Intel is trading above(!) above the stock price they were when they announced the delays in 7nm/5nm. I think this reaction is severely overdone. Note that Pat used to be CTO at Intel for many years and is not the fresh blood they need to turn this colossal company around. Also in the time he was CEO of VMware (since 2012) the stock only rose 60% which is not a great performance comparing it to competitors. Intel has already announced their Q4 ER will beat estimates but that was a given. The only thing that is relevant is their outlook, which is still going to be meager since a CEO impact the company over years time (see AMD themselves) . AMD popped 12% on Intel Q2 report when they first announced their delays. We could see something similar if Intel gives a weak guidance for the coming year(s) + +&#x200B; + +**AMD Q4 and FY** + +EPS Q4 consensus estimate is 0.47 with a range between 0.43 to 0.58. I believe revenue will be higher than expected, mainly due to the huge demand in the console market (PS5/Xbox) but also the PC/notebook market in general since half of the world was in (semi) lockdown for some parts of Q3/Q4. The main thing I am hoping for is that profit margin stays (roughly) the same at 44%, even though margins on consoles are very thin. If they manage to maintain a margin above 40%, EPS could end up 0.55, which would be a 360% increase with respect to Q4 2019 and 280% year on year. That would be very impressive, given the fact that AMD is considered to still be in their growth stage. + +&#x200B; + +**2021&2022 Outlook** + +But the main thing to look out for is the guidance for the coming years. Given the continuing lockdowns, the fact that all the market segments they are in (consoles/PC’s/laptops/servers) are booming and the fact that they have GPU’s that can go head to head with NVDA’s I think they could raise their outlook for the coming year as well as 2022. Especially when the Xilinx merger goes trough and they have an increased TAM (total Accessible Market). Estimated EPS for the coming years are 1.83 and 2.42 but with all the mentioned tailwinds EPS targets of 2.00+ and 2.75 are not crazy. This would imply P/E’s off 34 for 2022 which is lower than ASML’s for example (50). Hence a stock price of 105-115 is a fair target in the short term and 137,50-145 as a long-term target. + +&#x200B; + +**Booming Market** + +Finally, we have been in the biggest bull market in a long time, mainly driven by central bank money. Biden is planning a 2.8T stimulus package in the coming weeks. The rising tide has lifted all boats, leading to insane PE valuations across the markets (Lemonade trading at 150x FORWARD P/E for example). A forward PE of 34 for AMD is a way better bet in my opinion. + +&#x200B; + +Position: + +2750 shares, 5000 LT warrants, 200 29Jan’21 100Calls. +here's the not so quick summary: +in 2019 I was working for a startup. one day the director comes and say "sorry but we are having cash problems, it's temporary but the june pay will be pushed to mid july. Mid july comes and goes, not a peep. July 31st we go to office, doors are locked by landlord because director hasn't paid rent for 3 months. + +The company at that stage was basically toast, I remained technically employed, submitted ET case and won it for 2 months of unpaid wages. I remained technically employed until i found a new job in september and resigned. the accountant reports to HMRC that I've been paid in full for june, july, august, and portion of September, and sends me a p45 indicating the same, which is false. + +Administrators take over, got to submit a claim with redundancy payment service and got the max allowed reimbursement (8 weeks capped at 525/week + holiday + nootice) which only covered about 40% of my owed wages. I enquired about the false tax records reported, and was told once the Redundancy payment serivce completes my application, these details would be fixed to reflect my actual income from the employer. that never happened, it still to this day shows that i was paid in full in addition to the redundancy payment service. + +this caused hmrc to calculate that I underpaid taxes and owe over £2000, and they start automatically taking out 200/month out of my pay. I have been dealing with them since September, and they still refuse to fix it. + +here's what i went through + +- Was asked to submit in writing all the evidence i had, which i did (submitted emails, RPS forms, ET claim and judgement, payslips, bank statements), and was told a special team would contact me to deal with this issue, no one ever did. + +- Called again, was told my case was closed because it's not their jurisdiction to change my income info. was told I have to ask previous employer to submit Earlier Year Update, told them i have no contact and employer no longer exists, was told to wait for special team call back, never got a call. + +- Called again, was told to speak with liquidator and ask them to submit EYU, spoke to liquidator which was giving me a 1 weak turnout to respond to my emails, and basically told me there's nothing they can as they don't have EYU submitting capabilities, and they tried to sort the issue out with HMRC but they were not responsive. eventually they just gave me a letter saying how much money i was owed and said that's it nothing else they can do. + +- called HMRC again, was told the system wouldn't allow them to change my tax records and a special team would have to call me back in 13 days and manually fix my tax record, that was 25 days ago, still no call. + +- called again, was told the same schtick the system doesn't allow blah blah blah, wait for special team call and deal with this manually. + +and here we are, i just watched another 200 quid go out of my payslip today, and there's nothing i can do about it. + +I don't know what to do, they won't call back, i'm waiting 45min+ on hold every time i call, the hold music is giving suicidal thoughts. + +I feel like a thief just walked up to me and started slowly taking money out of my pocket while looking straight in the eye and saying "sorry can't stop the system won't allow it" + +WHAT THE FUCK DO I DO??? + +Edit: thanks a lot for all the advice, I have multiple avenue to approach now 1)speaking with local MP, 2)filing a complaint with HMRC, and 3)speaking to an accountant +***“APE NO FIGHT APE,”*** they shout. ***“APES TOGETHER, STRONG,”*** they insist. ***“We are fighting the same battle,”*** they point out. + +But are we, though? I think it’s time for a modified MO. + +***APE NO LET APE GET SWINDLED.*** + +This post is overdue. At least a year overdue, by my count. By now, you’ve undoubtedly heard the theory that popcorn stock is being used as a “hedge” to GME; I’ve seen it in comments and even some full-blown posts about it already. An infamous wrinkle-brain, /u/bobsmith808, posted a big write-up (go check out his post history because it’s a fantastic read). Even with Bob’s post, I think there is a lot of controversy around popcorn stock, and a lot of confusion on what this “hedge” could look like or whether it is plausible. Before we get to that, ***let’s talk about why so many of us have this bad feeling about popcorn stock.*** + +&#x200B; + +[Buckle up for some controversy](https://preview.redd.it/z50m1v833x591.jpg?width=1024&format=pjpg&auto=webp&s=5c80b554f56e71d3fcc10d7f9ce8500e0b96a3c6) + +# Part 1: Why the FUCK go with Sticky Floor? + +If you were paying even the tiniest bit of attention during the January sneeze, you understood the basic premise of GME short squeeze. The float was small, the short interest % was massive, and RC had recently bought up a huge chunk of shares. ***Therefore, hedgies were fucked.*** There weren’t enough shares for shorts to even close if they tried. The math was simple. + +***Popcorn was NOT a similar alternative***. It wasn’t the next best play. It wasn’t even in the same universe. During the sneeze, Popcorn had \~164 million shares outstanding. If that number sounds low to you, it’s because Adam Aron proceeded to dilute the living shit out of the float. Nowadays, popcorn has over 500 million shares outstanding. ***Doug Cifu would be proud because this thing has virtually infinite liquidity.*** + +Now back to the sneeze-era. Short interest on popcorn was high, but nowhere near GME. The highest reported short interest I can find from any reputable source was in the ***low 20’s***. I’ve seen an Ortex screenshot with 29%, so lets be super generous and run with that. ***It’s still only \~48 million shares, on a ticker that now has 500 million outstanding.*** To put a nail in the coffin, go no further than the SEC report, which shows popcorn short interest at a measly 11.4% + +&#x200B; + +[DDS & BBBY, on the other hand...looking juicy.](https://preview.redd.it/dlx6act43x591.jpg?width=1274&format=pjpg&auto=webp&s=dd66fdf118afd84e69bca3256e89bef9d36fed3e) + +And finally – let’s look at a screen grab from a Bloomberg terminal that I saw recently posted by /u/PWNWTFBBQ. Here was a list of tickers with extraordinarily high short interest, pulled 1/27 (mid-sneeze): + +&#x200B; + +[Popcorn not even listed. Interestingly, Eh-Em-See-Ex is \(Walking Dead Network\)](https://preview.redd.it/2q0qskw63x591.png?width=586&format=png&auto=webp&s=b927dbcaf8c145b275bd567feb5cf32b5d483af9) + +&#x200B; + +# Part 2: What’s With All These Popcorn Babes? + +We've all seen it. Twitter bots spamming all over every post, glowing eye profiles, and even chicks posting pics in their underwear; all to spread the word. Popcorn is going to the moon and Kenny is fucked! #PopcornQueens + +&#x200B; + +[I'm not saying any of these specific twitter profiles are shills, just making a point.](https://preview.redd.it/fhdl4b8a3x591.jpg?width=519&format=pjpg&auto=webp&s=1204b96395210a9d6f41aaed6aa9e1578efda055) + +And my point is this; ***there has been an obvious push on social media platforms to popularize popcorn stock, and to create a narrative that retail loves it just as much as GME.*** Spoiler alert; that’s bullshit. And it’s not just social media. Even Cramer and notorious popcorn ape, Charles Payne are noticeably more bullish on sticky floor than on GME. + +&#x200B; + +[How do you do, fellow Apes?](https://preview.redd.it/0nw2uubd3x591.jpg?width=1904&format=pjpg&auto=webp&s=b246d7bce3ba954118395098fbe28f86c7081a8e) + +I would venture that many of you, like myself, find it shady as hell that MSM is constantly lumping popcorn with GME, and often painting it as the better alternative. + +&#x200B; + +# Part 3: You Got the Wrong Ticker You Idiot + +[Google this headline. It was posted on multiple outlets.](https://preview.redd.it/q09o53wf3x591.jpg?width=2596&format=pjpg&auto=webp&s=acb50f5b701f5c12b61c2b6cbc62411108f827ea) + +***Melvin was dying.*** As we are all well aware by now, it’s really hard to identify who is shorting a given ticker. 13f’s are snapshots and don’t have short positions, not to mention all the hidden swaps they are missing. But there was one thing that was obvious. ***Melvin had one of the largest public GME short positions in town.*** Besides the articles, the press releases, and the og degenerate posts – it was easy to see on their 13f pre-sneeze. At the time, ***Melvin had reported 6 milllion shares worth of puts on GME,*** with zero shares and zero calls. There was another pretty obvious fund with lots of short exposure; ***MapleLane Capital.*** Like Melvin, they held only puts on their pre-sneeze 13f. Wanna see some of their other positions? + +&#x200B; + +[No, I didn't filter out popcorn. And no, I didn't filter out shares or calls.](https://preview.redd.it/nr0iyq7i3x591.jpg?width=1148&format=pjpg&auto=webp&s=115b5e0b6218559095d668f893a2290c7023fb83) + +These 2 hedgies were ***INSANELY*** short GME. ***Popcorn wasn’t even on their 13f’s***. Interestingly, MapleLane was one of the big short hedgies for BBBY and FIZZ (both of which were in the list of top SI%’s that I showed earlier, and both of which were on the SEC report). But take a goddamn looky who else they both had giga-puts on. + +***EH. EM. SEE. EX.*** + +It turns out, there was another zombie stock on the block besides Blockbuster and Sears. ***The walking dead network was being shorted into oblivion.*** Go back to that Bloomberg picture; ***this ticker had 59% short interest.*** If you look back at the time, they only had \~30 million shares outstanding. + +Now, this part is tinfoil, but I don’t think it’s coincidence that popcorn was quickly chosen as the meme to push. Check out this wayback snap on Eh-Em-See-Ex from November 2020, pretty shortly before the sneeze: + +[Fucking LOL.](https://preview.redd.it/1t5he74l3x591.jpg?width=457&format=pjpg&auto=webp&s=1ee193dce8571b61cb47b9830658482b86a4cc5a) + +No wonder they were “pushing” sticky-floor right off the bat. ***They could not have redditors catch wind of this shit or they were gone.*** + +&#x200B; + +# Part 4: How the Hedge Could Work (It Doesn’t Require Swaps) + +Now, at some point I think it’d be interesting to go even more in depth on this. It might be provable given some Off-Exchange data, or even just looking at options chains. But I’m lazy, and I didn’t want to wait to put this out there. ***I wanted to explain a really obvious, really simple way that GME shorts (or whoever absorbed them) could be playing this game.*** + +Say I’m a market maker. I’ll pick any one at random…Idk…Citadel. + +So as you know, ***I’ve got the magic ability to internalize orders.*** What does that mean exactly? Well, say retail buys a share of GME and it gets routed to me. Instead of going out into an exchange and finding a seller, ***I can just…not***. Instead I can just take on the liability myself and never let the order hit an exchange. If I want to prevent an FTD – maybe I go crack open an ETF and grab one from there to kick the can. + +Additionally, ***due to PFOF, a metric fuck-ton of retail orders just so happen to be routed to me.*** GME hodlers aren’t selling and it’s pissing me off because they keep buying more. Not only that, my hedge fund division (Citadel Advisors) happens to be a little bit short popcorn stock so that’s kind of just bugging me a little. ***What’s a poor market maker to do?*** + +[I've got an idea. Hold my mayo...](https://preview.redd.it/ngj9v6om3x591.jpg?width=225&format=pjpg&auto=webp&s=0e5c11a4825ba37d998cd00e0f32b8bea34ed7c4) + +Hypothetically, say the month is June. I say ***fuck it.*** I have my hedge fund branch go out and buy a bunch of popcorn stock and close any short position it does have. Not only that, ***I have it go long.*** As you can imagine, the stock surges; way more than other “meme stocks.” ***Apes are paying more attention to sticky-floor than ever before.*** So now what? + +***I push the absolute shit out of popcorn.*** I have my bud Charlie Payne push it. I have Cramer shill it a little, even. I buy twitter bots and reddit bots and I and pay influencers to push it all over social media. And I make damn sure that every MSM outlet I have leverage over remembers to lump it in with GME, ***every damn time.*** + +But I go a step further. I need it to be believable; ***it has to keep tracking with other meme stocks.*** This is the fun part. + +So say that we're in the part of the GME cycle where I’m shorting the shit out of GME and pushing it down slowly. ***I internalize GME buy orders*** and I do what I can to prevent FTD’s, since I can’t afford to have it go threshold. Meanwhile, thanks to all my shilling, retail is buying a pretty good amount of popcorn stock too. But I need popcorn to go down while GME goes down, ***so I internalize retail popcorn buy orders***. It’s a win-win – I keep the pair moving together, and it looks super legit because sticky-floor apes even notice how much I’m keeping off the exchanges. + +Eventually, pressure on GME gets to be a bit much. Say that I threshold XRT and cost to borrow is rising. I need to release some pressure to prevent too many GME FTD’s. I go out and I actually buy some GME; let it go on a little run. Meanwhile, all those popcorn buy orders I’d internalized? ***I release them all at once and let them hit the tape***, causing it to run right alongside GME. I can keep this up forever as long as retail is buying both. And meanwhile my hedge fund division is making money on their long position on popcorn, which helps offset any losses on GME shorts. It’s genius. + +&#x200B; + +[SMRT](https://preview.redd.it/1azp5uto3x591.jpg?width=299&format=pjpg&auto=webp&s=543979c24a9d4438d67d0bf989dfb5d7bb9391bd) + +# Conclusion + +If you haven’t already, seriously go read /u/bobsmith808’s post. He’s got lots of numbers and stuff that back this idea up even more. Also, he gave some cred to /u/quiquealpha for some of his stuff so shout-out to him too. + +***I know this post is gonna be controversial.*** But knowing that a popcorn “hedge” is very much possible, I don’t understand why any self-respecting Ape would risk helping the shorts. If you actually look at the SI% on different tickers, it makes a ***TON*** of sense that RC chose BBBY as his next move. I would never give financial advise, but if you were an ape that wanted a cheaper alternative to the one true stonk, why wouldn’t you play it safe and follow his lead? + +I think everyone with critical thinking skills can see that ***Adam Aron is an absolute greaseball.*** How on earth could you justify putting faith in a CEO that has been diluting the float to Timbuktu? Now that RC has bought into BBBY, if you were looking for an in-your-face, cheaper alternative to GME, you’ve got it IMO. Again, not financial advice. + +Last thing. ***SEC released FTD’s today for 2nd half of May.*** You’ve probably already seen that GME had over 700k in one day at the end of the month. Here’s a visualization of a certain 3 tickers that might interest you: + +&#x200B; + +[Note the flattened FTD's on popcorn ever since the June surge.](https://preview.redd.it/iarub3zp3x591.jpg?width=1678&format=pjpg&auto=webp&s=5cc0ae107047d748b51e3bf0b99a2cd99051eb5b) + +&#x200B; + +One of these things is not like the others. ***Time to cut the bullshit - popcorn is for suckers.*** +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. +This sub is getting hit with more no effort spam and Youtube pumping, and it's really making me want to unsubscribe. I like the discussions that occur, and there are still great, well thought out posts from time to time, but the deluge of spam to see those occasional gems is not worthwhile. + +I've heard the "just ignore it" arguments enough. My email has a bunch of algorithms to get rid of the majority of the spam automatically, so I don't have to sift everyday. *Even if I'm very fast about it, I choose not to sort spam.* + +Two recent examples: + +An aged account that was [clearly bought to pump Warren Buffett Youtube videos](https://www.reddit.com/r/ValueInvesting/comments/vcgote/after_using_technical_analysis_and_being/). Lot of varied posts. No posts for 2 years. Then a whole swamp of nothing but Warren Buffett videos in bunch of subs. + +A [no thought, zero effort post](https://www.reddit.com/r/ValueInvesting/comments/vd0llh/what_is_your_opinion_on_origin_materials_orgn/) to get a "mention" on a stock ticker. + +**Possible solutions:** + +* Remove the option to post videos, or limit it to long-time contributors of the /r/ValueInvesting sub. Don't know if that second idea is possible. The first certainly is. This would solve the Youtube pumper problem instantly. +* A minimum word count in posts. This would go a long way to solve the no effort ticker spam issue. +* New redditors can comment but not post for some period of time. +* Redditors new to /r/ValueInvesting must accumulate some minimum effort threshold of comment karma before posting. Don't know if this is possible. + +Others might have more solutions, or more effective solutions. +[Original post.](https://www.reddit.com/r/financialindependence/comments/8no6r9/fire_mom_guilt/) + + Just wanted to provide an update to my situation if anyone was curious as to what happened over the last few years. I think when I wrote the first post I was definitely at the peak of pregnancy hormones and was having a lot intense feelings and questions about my career, kids and personal life. + +Well a lot has changed in the last 2.5 years but many of the questions still remain at the top on my mind even though our circumstances have changed completely. So here’s what happened since my last post. I’m also posting on this sub since I got a lot of hate on the main fire sub about being privileged enough to question these things. I acknowledge I’m privileged and super lucky and not a day goes by that I’m not thankful that I can even think this way. + +After I had my second kid, I went back to work thinking once we hit the 3M net worth mark I’ll take a step back. For about a year things went relatively ok, my older kid was still going to preschool 8 hours a day and my baby was at home with a nanny. I felt re-energized at work after taking 6 month maternity and was glad I was able to interact with adults again. My husband’s business continued to grow over this year and we kept pouring money into index funds, by the end of 2019 our net worth was close to 2.5M and the goal felt within reach. + +And then covid hit. The kids were both at home now. My husband and I both had the luxury of working from home as well. We had the nanny watch the kids while we worked, but I could easily pop in and have lunch with the kids, play games with them or put them down for a nap whenever I had a break from work. The guilt subsided. Our investments grew. I was glad to have the flexibility at work, I felt productive while being able to spend more time with the kids. Our net worth hit 3M and so I thought maybe if it takes another 1-2 years I can take a break when we hit 5M. + +Last month my husband sold his company. Our net worth is now over 12M. Any financial target I had that I used as motivation to keep working and letting the kids be watched by someone else is now gone. + +I now have questions about what is my purpose? Is this job really the most impactful thing I can do? The kids are still at home, should I just take a break? Should I see a therapist? I hope I'm not pregnant again lol. + +One thing I do know now is that more money does not solve the guilt in a way that I thought it would before. +I posted recently that I might cash out refinance on a 4plex I own but I ultimately decided to sell. + +I bought the property for $215k in 2017 and my realtor said it was probably worth $300k. Within 8 hrs of listing it for sale we got offers for $340k. + +What is happening? Lol + +Edit: Thanks for all your responses +For me it was Suncor. I bought at 18 and watched it drop to 15. Everyone said oil is a terrible play and that I should consider a clean energy etf. While it wasnt my most profitable pick for 2020 and 2021 it was the most contrarian. + +Riding the wave if you get in early can be profitable, but chasing it can end up disastrous. Any body have any contrarian plays that turned profitable or any upcoming contrarian plays? +The underlying index for ICLN (NASDAQ), ZCLN (TSE), and INRG (LON) ETFs could see major changes in response to high volatility in recent months. Currently, the index is made up of companies "whose primary business is clean energy." + +The proposed changes would triple the number of holdings from 30 to 100 companies by including companies "deemed to have significant clean energy exposure but not as their primary business." + +The changes would make ICLN and the other ETFs less volatile, providing greater stability for investors. Conversely, the ETFs will no longer be pure clean energy plays if the changes are implemented. Individual stocks currently in ICLN could see their valuations reduced as well. + +What do you think of the proposed changes? + +https://www.etfstream.com/news/blackrock-clean-energy-etf-index-to-triple-in-size-following-spdji-consultation +Due to regulations, minors are generally required to have a parent or other legal adult listed on their bank accounts. Once you turn 18, you should establish a bank account that is in your name ONLY. This new account should also be at a separate bank/credit union from the previous account in order to prevent any mistakes from bank personnel that may give a parent access to the new account. + +There are multiple horror stories that you can find about people who have their accounts drained due to actions by their parents. The parents take the money to punish, they use it for their own needs, or they have judgements against them which cause all the money in the accounts to be used to satisfy the debts. Despite who earned the money in the accounts, if more than one name is on the account, legally it belongs to BOTH parties. + +Having a separate account doesn't mean that the parents can't put money in. All they need the account info on it to deposit funds. Other excuses may be well-meaning, but at the end of the day it's not necessary to have the parent on the account of the newly adult child. +...wish me luck!! I live in the Bay Area and currently work part time 3 nights a week. I make enough to just get by right now but I have zero savings and need to pay off credit cards. $3 more an hour would literally be LIFE CHANGING for me. I am so excited and nervous at the same time! I'm hoping it all works out! +This is a successor to [Flair Application Thread V](https://www.reddit.com/r/AskEconomics/comments/j5gktd/flair_application_thread_v/) and ["Why am I not seeing any answers?"](https://www.reddit.com/r/AskEconomics/comments/hsoxtu/why_am_i_not_seeing_any_answers/) + +By subreddit policy, comments are filtered and sent to the modqueue. However, we have a whitelist of commenters whose comments are automatically approved, and we take applications. + +If you would like to be whitelisted, please submit 3-5 comments of yours which indicate at least an undergrad-level understanding of economics. They do not have to be from r/AskEconomics. Additional commenters will be added to the whitelist at the moderators' discretion. +Why GameStop & AMC Are Down After Hours + +Hedge fund managers are scared. They’ve never seen anything like what happened over the last few days. A single subreddit and its users created one of the greatest stock rallies in history. GameStop shares have more than 5 X-ed and AMC shares have gone up almost 200% in one day. + +They are shorting these stocks like crazy because they want to scare off investors. They are thinking it’s a classic pump and dump and they want to get rich. + +Here’s the thing. We the people have a voice. We can choose to buy in again at market open. If we all do so, then the stocks will have another stellar day. + +Keep buying. Day after day and week after week. +Stock by stock. We will show our voice and change many lives in the process. +I finally have something of value I think I can provide to y’all. + +I own a chunk of land with a house on it. Bought it about five years ago. It was old, it was beaten up and it appraised low. I didn’t give a shit. I saw it with my own two eyes and I liked what I saw so I fucking bought it a smidge over appraised value. + +People said I overpaid. People said interests were high. People said we’re in a bubble (shit we might be idk) + +Friends. My fucking friends (who knew nothing about the housing market) all gave their two cents about my purchase. + +**I didn’t care** + +Because nobody can tell me the worth of something that I myself have assigned value. + +I am now pestered weekly from developers that they want to buy my property. I politely decline. + +So where’s the advice? + +There’s an old man who owned the lot behind me. We would casually discuss the properties and what we perceived their value to be. I hesitantly told him I thought my place was worth a million and a half and he chuckled and said I had a good eye for value. When I asked what he wanted for his property he quickly spat out “i want ten million dollars” + +I laughed and said “well, so do i” and he responded firmly that someone will give him ten million dollars. + +He sold the fucking land last year to a utility company that wanted to build a substation on it. 10 million dollars and not a penny short. + +You determine value, and sometimes you don’t need fancy data, charts and comparables. Sometimes it’s all in your gut. +I've just seen on the news that Biden is touting a low of 3.9% unemployment. This seems odd to me considering we are going through a great resignation, while there are not many new job openings. Does people intentionally choosing to quit and resign from their positions not add to the unemployment rate? Admittedly in my lazy Google search all I was getting was articles talking about quitting making you ineligible for unemployment benefits. But I'm wondering about the unemployment rates counted in the labor market +I’m extremely privileged to have grown up in a wealthy family, I know that I will inherent a good sum of money, enough for me to retire at least a couple decades before 60 y.o. My fam’s maxing out my Roth IRA for me for the rest of my life and I have no debt. I’m making $64k and living at my parents. I just don’t see the appeal of completely maxing out my 401K, especially when I’m retiring before 59 years old anyways. I will definitely match my employer and probably invest up to lowering my tax bracket. But especially in this economic climate, seems best to throw more into my taxable account to possibly take advantage of the DCAing of this upcoming recession so I can possibly utilize it to start real estate investing before I’m 30. Any insight would be appreciated. +Hello r/personalfinance. I don't know if I'm posting in the right place. If not let me know. + +Well anyways here's the situation. I have a business account with a certain bank. For a while I've been having some issues with this bank. On Sunday I noticed a ACH transfer for $9015.34 on my account. It put my account in the negative. I called their fraud department but "you have to call the customer service line on the weekdays regarding transfers". So Monday I call and they claim it's from the IRS. I'm freaking out at this point as I've just set up my business this year and thought I filled out all the paperwork right. So I call my accountant and he tells me to ask for what code section gave them the right to withdraw from my account. I call them and they confirm that my EiN and my SSN have no pending balanced and even tell me I would have received a notice in the mail and unless I was very delinquent they wouldn't withdraw and would warn me. So I'm furious and call my accountant and then call the bank. The bank claims that "there wasn't enough money for the IRS to withdraw from my account so they're returning it and applying a $30 USD fee. I'm furious and I'm definitely switching banks. But I definitely suspect fraud and I think the $30 dollar fee is bs. I ask them what was the reason for the withdrawal, they say it only says "USA taxes" What resources can I go to? How can I ensure any of my information is not compromised? + +Edit: Tomorrow I'm going to try the customer service line again. I'm going to request an account number change in case it's just plain old fraud. In case it's about an error they made or fraud I'm going to see about getting my fee reversed and if they give me the same answer I'm going to report it to consumer finance. I'll let you know how it went. Thank you for your suggestions. + +Edit 2: I'm sorry I'm not getting back to all of you guys. I'm at work right now. I called the bank, the money is back but the transaction "disappeared" with only the $30 NSF charge showing up. We're giving them a big stink to the bank. I'll see how that goes. I didn't expect this to get so big. +I don't know what this fantastic community is going to evolve into... but I'd welcome a quick way to separate out the riff from the raff.... + +Edit: XXX Hodler + +Edit2: Firstest ever award! Thank you! + +Edit3: obligatory reminder not to spend any potential rocket fuel on awards. (But thank you). + +... Automod tells me more letters. So I'm adding on more letters. And probably a few more letters. And just a few more, because not typing this out a FOURTH time. (Seriously, is this enough? *asking for a friend) +I’ve been saving since I was a student, and now that I’ve already saved about $120k, it’s getting harder and harder for me to treat myself. I eat out sometimes but I haven’t bought myself something expensive like designer clothes/bags, flagship phones, etc because I feel guilty for spending so much money on materialistic items. I’m into travelling and while I enjoy it, I still end up spending a lot of money which causes a lot of stress. Any advice? +***This is not a financial advice.*** + +>Hello Reddit Folks, +> +>Things changed, macro and market variables has changed. Equity Analysis is an Art that needs dedication and commitment to follow your analysis times to times when factors change. Saying so, here i am presenting you some refreshed data about Intel Corpolation. +> +>[Here](https://www.reddit.com/r/investing/comments/ycpfr9/intel_analysis_serious_dd/?utm_source=share&utm_medium=web2x&context=3) a link to see the previous post, made some days before INTC earnings, from which you can see, INTC has reached the predicted Fair Value from that post +> +>Have a nice reading session! + +TL:DR + +* **Current Fair Value** of $32.71 +* **Apple** to source chips from Arizona from 2024 +* **Inflation Cooldown** +* **Revenue growth** of 12.68% for 2023 +* **Long Time Investing** + +# Table of Contents + +1. **Hypothesis** +2. **Methodology** +3. **Secondary Data** +4. **Macro Economic Data** +5. **Evaluation Methods** +6. **Main Competitors** +7. **The Products** +8. **SWOT Analysis** +9. **Financial** +10. **Analysts price target** +11. **Final Considerations** + +## Hypothesis + +* INTC is not a dying company +* INTC downtrend is following the sector and the market movement +* INTC is a cyclical business, and we are in a down cycle +* INTC investments will boost its revenues in the next five years +* USA government will not allow one of its pivotal and strategic company to fail +* INTC will face more stress as AMD is eating market share +* INTC’s new products are the top-notch of the sector +* APPL [wants to diversify](https://www.bloomberg.com/news/articles/2022-11-15/apple-prepares-to-get-made-in-us-chips-in-pivot-from-asia-supply?sref=9hGJlFio&leadSource=uverify%20wall) it chip source starting from 2024 + +# Methodology + +When the authors initially wrote this thesis, the intention was not to take the position of an expert in company valuation. Instead, their aim was to investigate the development of a company based upon information and knowledge obtained from previous education and studies. Moreover, the underlying company for this valuation is Intel Corporation, since the authors aim to analyse a well reputable company with a strong market brand in a highly competitive market. + +&#x200B; + +# Secondary Data + +Secondary data is the information that doesn’t require a direct collection or studies, this information is publicly available online for the public to be consulted. Meanwhile, primary data are information that has to be collected by direct means such as interviews, measurements or polls. In this paper, only secondary data and data derived from it are used. Following the main data related to the company that are mainly used for the evaluation models: + +|Data|Number| +|:-|:-| +|**Levered Beta**|**0.73**| +|**Unlevered Beta**|**0.57**| +|**CAPM**|**7.01%**| +|**WACC**|**6.25%**| +|**ROE**|**25.50%**| +|**EPS**|**4.66**| +|**P/E**|**5.65**| +|**PEG ratio**|**4.43**| +|Corp Tax|8.46%| +|**Growth Rate Estimate**|**18.26%**| +|Growth Rate Estimate with market risk|12.68%| +|Analyst growth estimate|\-3.60%| +|Next 5y Analysts growth|\-20.92%| +|Intel’s Corporate Bonds|4.77%| +|Outstanding Shares|4,127,000,000| +|Earnings distributed|28.41%| +|Earnings retained|71.59%| + +note: EPS is the EPS of last month, this is to compare the company in that time period to today's macro data. + +# Macro Economic Data + +|Data|Number| +|:-|:-| +|Market Expected Return|9.40%| +|Risk Free Rate|4.21%| +|Risk Premium|5.19%| +|AAA Bond Yield|5.31%| +|Average US GDP Growth|3.18%| +|Current Market P/E|18.58| + +# Evaluation Methods + +In this paper, five evaluation methods are used to evaluate the company's final fair value. Each method gives us different current fair values for a single share of the company. The final price tag is determined by the average price between all the methods used. + +## Growth Rate + +**The Growth Rate of 18.26%** is calculated taking in count the previous year earnings of 19.86 Billion, the retained percentage of the earnings that were not distributed of 71.59% and its historical ROE calculated by the average ROE of the last 4 years of 25.50%. The final Growth Rate is f **12.68%**, this number is found by subtracting risk premium from the growth rate. This is done as a precaution and reduction of overestimations. + +## Free Cash Flow Evaluation Model + +This simple model takes in mind the company 2021 Free Cash Flow of $9.66 billion, its WACC based discounted rate of 6.25% and its Growth Rate of 12.68% to determine a fair value of **$41.05** per share. + +## Adjusted Graham Fair Value Formula + +This model is used in the Value Investing communities to price tag a company based on its intrinsic value. This formula is created by Benjamin Graham, a value investor and professor at Columbia University who is considered the father of Value Investing. + +**Intrinsic value = EPS × \[(8.5 + (2 × Expected annual growth rate, g)\]** + +Which 8.5 is the P/E base of a no-growth company, and the expected growth rate is the company perpetual growth rate for the future. + +In 1974, in the revised edition of **The Intelligent Investor**, Graham revised the formula to + +**Intrinsic value = \[EPS × (8.5 + 2\*g) × 4.4\]/Y** + +In this formula, 4.4 is the then prevailing (1962) rate on high-grade corporate bonds listed on the New York Stock Exchange. Y is the current yield on AAA-rated corporate bonds. + +Graham thought that as the investor had the choice between putting money in common stocks or bonds, it was appropriate to take into account the rate of interest paid on a high-grade bond of 4.4 per cent in determining the intrinsic value of a stock. + +In this thesis we use an adjusted formula + +**Intrinsic value = \[EPS × (7 + 1\*g) × 4.4\]/Y** + +The P/E of 7 is used because even if a company has zero growth prospects, but it is able to maintain cash flows and distribute dividends, its P/E is generally higher than 8.5. + +The used growth rate is the one calculated. + +The '2' multiplier is too aggressive. Graham never experienced companies with growth rates of 15-25 per cent, which is common today. Instead of '2', here it is used 1 instead. + +The interest rate of 4.4 is left as the original, some modern adjustment put this value at 8.5, which is the five-year fixed deposit rate. This value is the substitute of the risk-free rate, which sometimes can be used instead of 4.4. + +Data used for the calculation: + +|EPS|4.66| +|:-|:-| +|Growth Rate|12.68| +|AAA Bond Yield|5.31| + +The Adjusted Graham Intrinsic Value Formula gives us a price tag of **$75.98** + +&#x200B; + +## Discounted Unlevered Free Cash Flow Model + +A modified version of the traditional Discounted Cash Flow. This model instead of using the free cash flow, uses the unlevered one. + +Unlevered free cash flow (UFCF, also known as Free cash Flow to the Firm) is **the amount of available cash a firm has before accounting for its financial obligations**. Free cash flow (FCF), on the other hand, is the money a company has left over after paying its operating expenses and capital expenditures. It is used to remove the impact of capital structure on a firm's value and to make companies more comparable + +In simple words. It is the cash flow of a company based on the belief that the company owes no debt, therefore has no interest payments to make. + +In this model, it is taken in mind the following data: + +|WACC based discount rate|6.25%| +|:-|:-| +|Growth rate|12.68%| +|Average US GDP growth rate|3.18%| +|rage Shares outstanding|4,127,000,000| + +This gives us a fair value of **$46.50** + +&#x200B; + +## Final Fair Value + +The Final price tag is determined as per following: + +|Free Cash Flow Evaluation Model|**$41.05**| +|:-|:-| +|Adjusted Graham Fair Value Formula|**$75.98**| +|Discounted Unleveread Free Cash Flow Model|**$46.50**| +|**Final Fair Price (Average)**|**$32.71**| + +Note: In the evaluation, the price took in mind discounted dividends model and total payout model, which both give an evaluation of $0 due to the fact that growth rate is higher than the discount rate. So the average takes in count the three methods above plus the two zeros + +The company pays dividends so in this case i priced in also the output of those two models too + +# Main Competitors + +Intel Corporation is in the Semiconductor’s sector. + +As the only leading-edge U.S. semiconductor company that **both develops and manufactures its own technology**, Intel has a widespread economic impact in every sector of the U.S. economy and a strategic advantage over its competitors. It is also the largest publicly traded semiconductor chipmaker in the United States. + +The company is responsible for creating the x86 microprocessor, which is a part of nearly all personal computers today. + +Despite being a leader in its market, Intel operates in an area that has many players that compete for market share. Below are some of Intel's main competitors. + +|AMD - Advanced Micro Devices, like Intel, produces more than just microprocessors. Both companies create motherboards, servers, and other computer-related hardware. In terms of the x86 microprocessor, **AMD is Intel's biggest competitor.** Intel and AMD are rivals, much like Apple and Microsoft. They have certain specifications and dedicated users that will always stick to one over the other. Products from both companies are similar in price and quality. Though Intel's chips are primarily found in the computers of large companies, the competition between Intel and AMD comes down to individuals that build their own computers.| +|:-| +|IBM - International Business Machines is one of the first computer companies in the world, Founded in 1911, it was the pioneer in computer technology during the 20th century. The company developed the ATM, the hard disk, the floppy disk, the magnetic stripe, and many more. It is one of the 30 companies on the Dow Jones Industrial Average (DJIA) and one of the largest employers in the world. IBM used to produce computers using Intel's processors, but has since sold off that business and is now **selling its own servers and mainframes using its own processors, putting itself directly in competition with Intel.** The company launched a program to open source much of its architecture and firmware back in 2013, which attracted many new customers to using its Central Processing Units, stealing market share from Intel.| +|NVIDIA - NVIDIA is one of the key players in the graphics processing unit (GPU) market. It is one of the **biggest names in video games**. It also designs **chips for mobile phones and automobiles**. Many of its chips are used in supercomputers, and it is now working on artificial intelligence. Intel released a new graphics card in the second half of 2021 that is competing directly with Nvidia's dominance in that field. It is used to compete in areas of data centre, artificial intelligence, and machine learning.| +|Samsung - In 2018, it surpassed Intel as the largest semiconductor maker by revenue, but in 2019, Intel took that spot back. It's clear that both companies strive against one another for the top spot. Intel and Samsung don't compete in all fields, however. **Intel's products primarily focus on desktops and laptops, whereas Samsung focuses on semiconductors for smartphones and data centres.**| + +# The Products + +|**CGC – Client Computing Group** includes products designed for end-user form factors, focusing on higher growth segments of 2-in-1, thin and-light, commercial and gaming, and growing other products such as connectivity and graphics| +|:-| +|**NEX – Network and Edge Group** includes programmable platforms and high-performance connectivity and compute solutions designed for market segments such as cloud networking, communications networks, retail, industrial, healthcare, and vision.| +|**DCAI – Datacenter and AI Group** includes a broad portfolio of CPUs, domain specific accelerators, FPGAs and memory, designed to empower datacenter and hyperscale solutions for diverse computing needs| +|**AXG – Accelerated Computing System Graphics Group** includes CPUs for high performance computing (HPC) and GPUs targeted for a range of workloads and platforms from gaming and content creation to HPC and AI in the data centre| +|**IFS – Intel Foundry Services** is a services provider offering a combination of leading-edge packaging and process technology, world-class differentiated internal IPs (i.e.: x86, graphics, AI), broad 3rd party ecosystem and silicon design support.| +|**Mobileye** includes the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions.| + +# SWOT Analysis + +## Strengths + +* **Strong Industry position**: it has a strong market share in its major business segment. The main product is not easily copied. +* **Economies of scale**: the microprocessor market i very large and Intel has a strong manufacturing plants +* **Strong Research**: Intel’s research team is highly professional, and made some breakthrough tech that cannot be copied by other manufacturers +* **Strong partnership with Microsoft**: this partnership limits the market share growth of competitors +* **Trustworthy raw material suppliers**: it has a solid base of reliable raw material suppliers +* **Strong High-Tech culture**: its products are cutting edge innovations not easy to copy +* **High Level of customer satisfaction**: It has a dedicated customer relation department that allows it to have a high level of customer satisfaction and brand recognition +* **Strong Distribution Network**: It has developed a dependable distribution network that can reach the majority of its potential market +* **High Free Cash Flow**: It has strong Free Cash Flow, which allows it to grow into new initiative and reinvest in the company +* **Brand Recognition**: It has a strong brand recognition, positive perception of its products +* **Social Media**: Intel invests in Social Media channel to reach its customers + +## Weaknesses + +* **High costs of goods**: It has high fixed costs which adversary affects profit margins +* **High level of debt**: It has a lot of debt, which increases the interest costs on funds borrowed to finance activities. +* **Declining PC sales**: the PC market is shrinking due to post Covid open up and cycle of the business +* **High Dependency on the Main Segment**: Intel has a strong dependency on PC sales +* **Limited Business Diversification**: Intel is facing challenges in diversifying. It is trying to enter the mobile phone, tablet and TV segments. +* **Limited Customer Care in Developing Countries**: the company’s customer care is less active in developing countries, missing new potential customers +* **Weak R&D**: the company research and development division as a small investment compared to its revenue + +## Opportunities + +* **Apple Wants to diversify source of chips** stating Arizona as a possible source +* **High Growth**: its products are expected to be in high demand in the next growth cycle +* **Increase in Demand:** expected increase in demands for personal computers and servers +* **Automatic Cars**: this market requires high-tech processors +* **Drones**: their usage is growing year after year and is a great opportunity for Intel +* **Developing Countries**: are expected to grow and are an opportunity to acquire new customers and partners +* **Defence sector:** institutional contractors might demand Intel high-tech processors for strategic tech and services + +## Treats + +* **Competition**: Intel is a leading leader in its industry and is facing high pressure from competitors such as: AMD, NVIDIA, Qualcomm, Samsung +* **Competitors’ New product launches**:Competitors products are threatening Intel leadership +* **Price sensitivity**: semiconductor market is a highly price sensitive market and cheaper products from competitors might drastically eat away Intel’s market share +* **Fluctuating PC sales**: Intel is too dependent on this segment +* **Harmful regulations**: the company is facing harmful regulations from countries that are trying to erode the sale of Intel’s products +* **Geopolitical Events**: Semiconductors is a strategic industry for many countries and international political events might impact the company +* **Reliance on third party manufacturers**: Intel and Manufacturers are highly dependent from each others + +# Financials + +## Income Statement + +In the past three years the average increase in revenue has gone up by 0.10% showing a stagnation of sales with the growth from 2020 to 2021 being 0.47%. While having an average increase in operating expense of 2.14% with the last year increase, from 2020 to 2021, of 10.12% showing a spike in costs for the last operating period. + +It is expected for the year 2022 to have both Costs and Revenue increase by approximately 18% + +A point of some concern might be the small decrease in net revenue in those past 4 years, confirming a stagnation of the business. + +## Balance Sheet + +The 2021 balance sheet shows us + +* Short term debt of 4.59 Billion coverable by cash and cash equivalents plus account receivables, but not only by C&C alone +* Long term debt is coverable by current assets alone +* Increased stockholders equity, earnings are being retained in the company and reinvested + +## Cash Flows + +Intel has positive Cash Flow from Operations in the last four years. Same thing for Net Cash Flow. A reduction of both can be observed for the last year. + +The Company has an Income Quality ratio of 1.51, which is good and signals a healthy income. + +INTC is investing heavily in PP&E + +# Revenue Forecast + +With the release of the new Intel Arc 7, with has the potential and capability to rival and surpass its competitors, NVIDIA and AMD, and a increase in demand for the year 2023, it is forecasted a growth in revenue according to the growth rate calculated of 12.86% + +## Analysts Price Target + +**$72 High** + +**$32.74 Average** + +**$18 Low** + +**$32.71 OP’s** + +# Final Considerations + +## What is its position compared to competitors? + +By observing the industry and taking in count different factors such as geopolitical and market demands for electronics, we can forecast a possible development for Intel. + +INTC has a strong customer base and it is known worldwide for its contributions and development of cutting hedge technologies, this is well resonated especially in developing countries such as India, China, Nigeria and Indonesia. + +While its North American market share in Graphics and Motherboards got eroded by some percentage by its main competitor AMD, it still maintain a leadership position in the sector. We shall note that Intel operates in sectors which permit it to diversify a little bit its product’s portfolio, where AMD doesn’t have expertise nor is capable to compete. + +With high inflation and interest rate corroding the whole market, it is expected to meet some possible downturn for the near period of time (3 to 6 months) and stabilise within a year while the FED is fighting the raising of costs. The company has strong fundamentals that shields it from possible adverse events in the near future and its cash flow quality is high. + +Intel Corporation is currently undervalued due to North American Market downtrend perception of it due to the rival’s marketing attacks. It is also reasonable that the past CEO brought the company into stagnation and slowdown, but with the new one, with his expertise and experience, we can expect a turnaround and regain of some market share in the next few years. + +With US Government subsidies for the semiconductor industry, we can see a deep strategic interest in bringing and boosting domestic productions and reducing potential risk from over relying on taiwanese manufacturers. This incentivised Intel to invest in two new fabs, one in Ohio and one in Arizona, plans to expand existing plants are already funded and another European production site is planned in Germany. + +SWOT analysis shows us many strong moats for the business, which are its competitive advantages over competitors. Huge potentials can be exploited if the company decided to pursue an expansion strategy into developing countries and markets. + +Lack of insiders sell, which the last one in february 2022, shows us that the management is confident in the company's future development, which is confirmed by additional buying from the CEO itself in the last months. Big Institutions and Mutual Funds hold portions of the company too, signalling strong sentimento towards the company. Employees rating and satisfaction rate is high, salaries aren't that much different from rivals. + +## Is the company a Buy or a Sell? + +The company is distributing regular dividends, it has strong fundamentals and lots of cash to meet adverse events. Institutions and insiders are holding. The current downtrend is due to market trend and social mechanism, of which contributed AMD marketing in damaging Intel’s perception in the CPU segment. + +Fundamentally though, the company has many potentials and growth opportunities, especially now with its new release Intel Arc 7. + +Intel is a smart investment for long term holders, not only because its intrinsic value is expected to grow, but also for the fact that it pays high dividend’s yield. If the company was in a severe situation, it still can retain earnings to cover expenses, even if it is unlikely due to its present liquidity. + +The cooldown of infration migh suggest a better economic landscape for 2023 + +In the end, the verdict is one: **Buy. Fair Value is $32.71.** + +**What are you thoughts? Is Intel a Buy or a Sell? Let us all know!** + +&#x200B; + +&#x200B; + +&#x200B; + +***This is not a financial advice.*** +Jack Nathan Health (JNH) + +Tickers: JNH and JNHMF + +Stock Price: $0.71 (2021-03-31) + +Shares outstanding: 81M + +Market cap: 57M + +Cash: $6M + +Debt: None + +JNH is a micro-cap healthcare company that operates primary care medical and allied health clinics in Walmart stores under the banner Jack Nathan Health. Walmart is the highest traffic retailer in the World. Daily global foot traffic in all Walmart stores averages at 37M people. This enables JNH to quickly capture patients at a very low cost as Walmart only charges a nominal fee to JNH to access its locations and website. In return, JNH patients bring more foot traffic in Walmart and their baskets are on average 50% bigger. It's a win win relationship. JNH patients can shop while waiting and have access to quick referral between services offered in JNH clinics. For example, conditions such as fasting permitting, a patient can have a blood test done right after seeing his doctor. + +The locations are state of the art and look amazing compared to most competitors. + +JNH just went public in October 2020. That being said, JNH has been operating since 2006. Over the last 15 years, JNH has built a strategic partnership with Walmart in Canada and Mexico. JNH has successfully scaled up to 88 health clinics in Walmart locations by using a low revenue-licensing model. + +There are 76 operational clinics in Canada and 12 operational clinics in Mexico. Each location under a license based model bring in between $40k and $50k. + +JNH is now maturing into a high revenue practice model and can be expected to get between 20x and 40x revenues. JNH has expressed a conservative average target of between $1 and $2M in revenues per Canadian location. We believe that this target is very conservative. A high performing clinic can bring in much more. + +More precisely, JNH management are targeting revenues of between $500 and $1000 per sq feet for their current 76 clinics in Canada and future ones too! For example, Vaughan, the biggest location at roughly 8200 sq feet, could be expected to bring in $6.4M per year. Quite the jump compared to previous $50K license revenue JNH got from most locations under a licensing model. + +JNH has confirmed that some of the clinics owned by their licensees are already producing 1000$ per square feet and JNH intends to acquire them all. + +Based on the conservative target expressed above, we believe that JNH can reasonably ramp its sub 4M annual top line to 150M with the current number of clinics and other services offered. After scaling up the number of clinics with Walmart's approval and letting doctors bear the initial risk of starting practices, JNH is now ready to take over and hog the revenue of those clinics. + +Furthermore by taking over the practice management under the supervision of Dr Glenn Copeland, JNH will now be able to ensure quality control of all services. Let's just say that hiring and managing a practice can be challenging for those lacking business flair such as doctors. + +JNH publically reported financial Results for the first time on December 30, 2020. For the Q3 2020 financial Results ending October 31, 2020, JNH reported $3.1M for a 9-month period with a loss of $7.6M. That loss was caused by a one-time $7.9M non-cash listing expense. JNH would have been reporting positive net income if not for that one time expense. Most of that loss is attributable to share options given to a close group of advisers that provided and still continue to provide strategic support to jnh management. Investors would be wise to note that JNH has always been profitable since 2006 except for that one time due to the listing. This first report is not indicative of JNH corporate based model. + +JNH management have confirmed that, based on the publically available information only, the annual revenue run rate has already doubled. We think this is too conservatived and that both top and bottom line have and should expand even further. Signs of a great management, underpromise and over deliver. + +Since going public, JNH has made quite a few acquisitions with the cash raised from the listing and the warrants. + +On January 11th, 2021, JNH announced the acquisition of Writi, a cloud based medication-management software platform. At that time, Writi was used by over 800 frontline healthcare workers and in 15 long-term care home. Writi has a stable and growing SaaS revenue of 300K since it creation in 2019. JNH has expressed its intent to use Writi to accelerate its tech offering. Also, with the Writi acquisition, JNH has taken its first step in a new market that direly needs services, long term care homes. + +JNH has been offering telehealth for a while and it is safe to assume that they will continue to expand in that sector. It is a fantastic opportunity for JNH to have access to Walmart's website to deliver Telehealth. Walmart has been putting a lot of cash to better its online services and JNH can benefit from this growth in online traffic. JNH management have also been vocal about developing their services based on an model similar to Apple where they vertically capture all the services by having a comprehensive tech ecosystem. + +JNH currently serves 2M patient on an annual basis and is laser focused in capturing more patients by opening more clinics. Compared to its peers, JNH is not making acquisitions of practices to capture more patients. JNH already has captured those patients. JNH is making acquisitions to ramp its top and bottom line. This is a major difference from its peers. + +On February 18, 2021, JNH announced the acquisition of Redeem Medispa. Medispa offers a complete range of both surgical and non-surgical treatments for conditions such as Botox, migraines, laser therapy, anti-aging, face and body skin tightening, PRP therapies, hair loss and joint pain. + +The timing of this acquisition could not have been better with the huge increase in people working from home on sofas and using Zoom. Some articles from reputable medias are highlighting an increase of 60% for facial surgeries, they called it the “Zoom Boom”. Also, with the covid pandemic, patient have postponed their massages and other healthcare services thus there is a significant pent up demand. + +Currently the two Redeem practices bring in a top line of 500K with 25% margins. JNH has confirmed its intent to roll out the Redeem practices in all possible locations. JNH management demonstrated their ability to make yet another intelligent acquisition at a great price, $535K up front and an earning-out of $200K for the opening of first eight new clinics ($25K per opening). It is also important to note that the revenues are immediately captured by JNH and that further rollouts can be done very quickly. + +On March 9th, 2021, JNH announced the acquisition of 4 primary care medical practices for a purchase price of $560K in cash and 840K shares. Those 4 practices located in prime locations in Ontario currently have a total annual revenue of $2.8M with a adjusted EBITDA of 7%. JNH practice management expertise under the World renowned Dr. Glenn Copeland should expand that margin. + +On March 22nd, 2021, JNH announced the acquisition of the primary care medical practice located in its flagship location of Vaughan. While the purchase price was not disclose, we can safely assume that it was favorable for JNH based on their excellent track record. The practice currently has revenues of $500K for first 20 months of operations with significant revenue growth and earnings potential moving forward. + +There are also many other growth opportunities available for JNH. JNH with the help of its strategic partnership with Walmart can expand its on-site and online services in new markets all around the world. During the last Webinar, JNH management have confirmed currently being in brisk conversation with Walmart to expand their reach in 4 new national markets. Rumors have been flying around for a while about JNH entering the China, USA, UK and Latin American markets. On the later, it is good to note that Walmart Mexico is in fact Walmart Mexico and Latin America! + +On November 19th, 2020, JNH has announced to be expanding in 50 additional locations in Mexico. + +Furthermore, JNH has also recently announced during its webinar working to increase the number of locations in Canada. The usually media shy CEO of Walmart Canada, also recently stated to the press that he wants more clinics in the province of Quebec. + +It is also important to note that, there are two substantial underappreciated revenue growth factors available to JNH. First, the direct hiring of doctors and allied health professionals. JNH has been very active by recruiting doctors, chiropractors, kinesiologists, massage therapists, physiologists on the various job websites. That should represents a very nice surprise on the top line. JNH signs long term agreements and offers doctor a split revenue arrangement which should prove very attractive considering that peers such as Apple tree do not. The model is very simple and well though of. The operational costs are controlled. Once securing doctor, JNH can build other services around the primary care clinic. These other services which represent most of the footprint, have much bigger margins, as much as 25%. + +Second, it is well known in the sector that a doctor that does not manage his practice can see as much as twice the number of patient thus any managing doctors brought into the JNH family via an acquisition should bring in more revenue. + +JNH had also a partnership with Dynacare, a reputable lab company that pays JNH licensing fees to locate in JNH clinics. Dynacare started to offer serum covid 19 testing. Also important to note that one needs a referral from a doctor to get those tests. JNH has the doctors. Client capture! + +Management have also shown to be very capable by taking a page out of the book of the Big Boys i.e. Apple, Walmart, Disney by offering a bundle of services based on a monthly fee. Shout out to Scott Galloway and his term “Rundle”. This is a proven method to ramp up the top line and secure recurring revenues. The human being is simply incapable of having a full grasp on the element of time. Too many have spent tons of money of monthly membership without fully taking advantage of the service. Like gym membership for myself. + +The share price of JNH went up to $2.72 during the telehealth rage back in November 2020. The share price is now sitting at rock bottom valuation due to the acceleration of the expiry of warrants issued for 75 cents and the general pessimist pullback on healthcare stocks due to the covid19 vaccine rollout. + +Insiders currently own 55% of the fully diluted float and have been buying massively on the open market. These same insiders have confirmed being under voluntary share lockup. JNH management have also confirmed that the fully diluted tradeable float is around 20-25%, 16M-20M shares. JNH has confirmed that a small group of early stage investors that is close to founders are holding 20-25% of the fully diluted shares. As the saying goes, show me the incentive and I will tell you the outcome. Management do want share price to appreciate! + +Shares of JNH are available on the TSX venture and the OTCQB market. JNH has confirmed working on DTC elegibility which should help US based MM buy shares. + +JNH has currently 6M cash on hand and doesn't need to raise additional money to fuel future growth. JNH management have shown to be excellent at acquiring great practices at great prices. JNH has expressed a strong commitment to not dilute shareholders and will explore bank arrangement and other possibilities. However, JNH has huge ambition and growth plans, should the smart move be to raise more cash, management will consider every option for the benefit of its shareholders. The CEO stated that every dollar spent produces upwards of 10. + +What is in store for the future? + +JHN management have express strong bullish sentiment in their company and confirmed that we can expect robust M&A, significant technology rollout as well as a very significant uptick in revenues month over month and by the end of the year with a massive increase in patient engagement. + +The future looks bright for JNH. With the help of Walmart it is currently building a strong position and is a becoming a leader in the healthcare sector. It might even help solve the issues plaguing healthcare: costs and inefficiencies. + +Last thoughts + +With the aging of the population, JNH as the wind in its back. Spending in healthcare will represents a significant portion of GDP in the future, as much as 20% of the US GDP in 2028. Healthcare is one of 3 sectors that have true inflation in prices. Healthcare is one of my favorite sector as it is very defensive and just ripe for being disrupted. The runway is huge and the path is clear. + +These are early days for JNH. They are laser focused on growing as fast as possible. JNH has confirmed that we can expect many additional acquisitions. If JNH management hits their targets, the company could well see its top line grow from $4M to $150M without factoring the surprise factors mentioned above, further clinic expansions, tech rollout and new markets. + + +Suffice to say that going from 4M top line to 150M based on a shift from license to practice management model is transformational yet not that difficult with the help of a giant such as Walmart and acquisitions right in your own backyard i.e. acquiring the licensees. + +Rarily have we seen an opportunity such as JNH where a microcap with a strategic partnership with a giant can scale easily on the international market. + +Long JNH + +- Credit for DD to @merzenstein on Twitter! +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 +38 years old, gay guy in a 7 year relationship, no kids, currently renting, no debt, net worth $3.4M, income ~$290K/year at a FAANG tech company in the US. I could park my money in a high dividend ETF like WDIV and collect $170K/year in dividends at this point. + +I'm burnt out of my job, and quite simply don't want to work as hard anymore. If you count school and summer jobs as work, I've been working non-stop since I was 14. I want a break from it all. + +Two months ago, I asked my boss if I could use the entire remaining balance of my vacation time, 35 days. Boss approved it, and I've been on vacation for two months, preparing to officially quit soon. + +I haven't missed my job at all. I've been coding side projects here and there. However - I'm kind of bored. I'm kind of wondering... Is this really how I'm going to spend the remainder of my life? + +Anytime people post things like this on this sub, the response is often "Volunteer! Teach!" To me, those things sound absolutely awful. Probably lots more work than what I do now, and for a lot less money. + +I'm curious to know if others have found themselves in this dilemma. Should I just return to my FAANG job, not take it so seriously (even though it makes me miserable), and just cruise for as long as I can? Should I take a year off and then go back to work? Should I change careers altogether? Should I keep coding side projects and see if any of those can turn a profit (unlikely)? +Hello all. I've been lurking the past couple weeks and I'm brand new to investing and wanted to share my story. Just wanted to say that this sub has been super helpful to me as a newbie so thanks very much in advance. + +I'm having a lot of issues trying to restrain from FOMO, and it's been a hot topic lately, but what are some things you all do to not get those urges that you're missing out? + + +For context. 29(m) working in Network and VOIP administration in the Okanagan. I have ~95k in mutual funds with Investor's Group. Half in a conservative position (hopefully house purchase in the next 2 years) and half for retirement. I recently threw 5k into a Quest Trade account to catch the GME train. I lost $800 within 2 days in GME (lol) and bought some shares of GDNP @1.28, SU.TO@21.70 and ATVI@97 which have done a bit better for me. + + +I want to say that I've learned my lesson, but it's become a daily routine for me to come here, r/stock and WSB and read all about the stuff that's booming and I'm missing out on - the newest being Tilray and Aphria. How do you guys resist those urges to try and get lucky to ride the wave? + + +In some ways, I think that since 95% of my portfolio is in safer investments anyway, maybe it makes sense for my 5k to be in a more yolo/aggressive position? I guess this is just me dipping my toe into the water to try and become more financially independent but the truth is I know nothing about this stuff and my "DD" is basically just reading news articles and reddit posts, and youtube videos that sound like the OP actually knows what's up. Kind of ironic because I'm the type of person that if I need to buy anything (laptop, desk lamp, whatever), I'll read 30 pages of reviews to try and find the best option but with regards to stocks I feel like I have 0 idea what's going on. + + +That being said, this is the first time I've really been interested in handling my own money. When I first started working I went to IG knowing that my return would be lower, but also just wanting to not worry about it and have someone help me. Now, I find myself reading articles, watching Brandon Beavis and Justin Oh on youtube daily and really just trying to get more involved. My financial advisor at IG is also wonderful and has been super helpful. I want to say my end goal is to be literate enough to leave IG but I'm not sure. She of course recommended to stay far away from GME but I'm an idiot so... + + +If you've made it this far thanks for listening to my story. What do you think I can improve on? Am I on the right track? How do you keep your FOMO at bay? +Im 31. I currently travel 90 minutes to work by public transport. I have a severe sleep condition with not much of a cure and can't live by myself. Severely mentally ill. I currently male 53.8k not including super and I have to work Saturdays to earn that. + +I got a new job offer. 8 minutes from home.55 including super. I did the maths and it would be 100 less take home pay. + +Would you do it. I'm low in savings, only 34k. Just need a kind ear +This is a Missouri property. + + +Been on the phone all morning filing insurance claims and feel I just need to get this off my chest. I have a Section 8 resident I inherited when I purchased the property who is being evicted for non-payment and throwing 4AM parties in an otherwise quiet suburban neighborhood. + +&#x200B; + +Her eviction hearing is in 2 days and this morning I got a call claiming a "small fire was started in the bathroom" ... there is some smoke damage and water damage and the Fire Department is conducting a 7-day investigation. + + +I think to all parties involved we suspect it's a scam and was started on purpose. Her Renter's insurance already denied her claim because she won't even provide them photos of the damage - which makes literally no sense - like why bother filing the claim? + + +I filed a claim with her renter's insurance this morning but I can't help but feel like this is going to deter her eviction when she goes in front of a judge in 2 days. She needs to get out ASAP because she's clearly a menace. +**The 10% drop in the US Stock Market this month is very unusual.** + +I went to Portfolio Visualizer and they have had monthly results for VTI (Total US Stock Market) since January 2001. In the 252 months, the S&P 500 has only dropped more than 10% in a month 4 times. + +SPY (S&P500) has records from 1993 and there have only been 5 months out of 336 that it dropped more than 10% in a month. + +There have only been six months where the stock market dropped more than 10% since 1985. 6 months out of 432 months + +This shows how severe the current stock market crash is! + +Does anyone have access to information from before 1985? + +(The largest 1-month drops were in October 2008 when it dropped 17.48% and in March 2020 when it dropped 13.91%) +Hi guys! + +&#x200B; + +I am a bit new here. I am a 21M engineering student with a solid background in data science and finance now. I have a lot of free time currently and I've been curious about what was going on in the markets. + +&#x200B; + +Recently I thought of some ideas, to create a bot capable to give trading suggestions on a given instrument (that could be stocks, forex, commodities, ...), based on previous data, sentiment analysis, and some other stuff, using technicals and deep learning. But is it even a realistic goal? I am not talking about creating the ultimate 100% success bot, rather something that would give even a slight edge over the market. + +Just wanted to know about you guys' experience, and if some of you guys have been working on personal projects, how did it turn out? + +&#x200B; + +Also stay safe everyone! We'll get through this crazy situation someday hopefully. :) + +EDIT: reach out to me (marengo#0012) on Discord! +That’s all you need baby, trust me. This bitch has been shorted many many times over, if you got the balls, the diamond hands and put the emotions aside, you will make fucking bank, we all will. I am a very very low xx holder and I’m not even stressing, so don’t stress buddy. You’ll be Rich soon, I promise. 🙌 💎 always. + +Edit: I see a few people saying to show love to xxx shareholders too. I mainly made this post to let the smaller fish feel like they have enough because they do. For Xxx holders and above, worrying shouldn’t even be on your radars guys haha, you guys will be billionaires. +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/ +https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank + +I found this article very interesting. In short, wealthy people use their Roth IRA to buy undervalued shares of their company prior to going public. The shares then balloon in price when they go public and they end up with potentially billions of dollars in a Roth IRA that they will never pay taxes on if withdrawn after age 59.5. Democrats have proposed disallowing non publicly traded stocks to be purchased inside a Roth but have gotten nowhere with it. It's a hell of a deal if you can pull it off. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +I tend to just work, sleep, eat, and maybe watch a show or two. I do not have the financial nor emotional budget to handle other people (even though I would want a relationship/friendship). How about yourself? +Refer to my older last post regarding all the fuckery between [FTX/CITADEL](https://www.reddit.com/r/Superstonk/comments/t9vq6m/its_all_coming_together_do_not_dance/) + +>citadel logo + ftx logo fit together like two... "FTX.US hires former Citadel Securities exec to 'massively scale' its crypto exchange- May 2021" + +&#x200B; + +&#x200B; + +[FISHY TEAM FISHY ALL AROUND](https://preview.redd.it/435glwga84z81.png?width=990&format=png&auto=webp&s=3cc61d8e58e2632e208a706e92012e3ca28baed4) + +&#x200B; + +[corruption?](https://preview.redd.it/dtfqglb3z3z81.png?width=1030&format=png&auto=webp&s=89bd9cb548f5a0ade76cbbb23f5936d500f46811) + +There are tons of connections between both these companies. Now we have [Citadel & Blackrock](https://www.forbes.com/sites/michaeldelcastillo/2022/05/11/blackrock-and-citadel-deny-trading-cratering-stablecoin/) denying the rumor of the ending of UST/Terra/Luna. Then the same week FTX is now buying into Robinhood. + +BlackRock invested in USDC & would directly benefit them for Luna to fail. + +FTX has a lot of ex-citadel employees & connections along with founders + the board being tied together. Sure there is a lot more to dive into here. + +SEC Report of FTX acquisition [https://www.sec.gov/Archives/edgar/data/1783879/000114036122018827/brhc10037465\_sc13d.htm](https://www.sec.gov/Archives/edgar/data/1783879/000114036122018827/brhc10037465_sc13d.htm) + +Believe there's tons of crypto manipulation to suck out liquidity for margin calls/stock market moves + to keep longs open & feed shorts + +IF CITADEL LIQUIDATES LUNA FOR MARGIN MONEY, THEY WOULD HAVE BILLIONS MADE FROM THIS ONE PLAY. IT WAS BROKEN DOWN STEP BY STEP ON HOW TO BE DONE IN NOVEMBER OF 2021. COULD HAVE BEEN FTX BEHIND THE SCENES. NO ONE KNOWS WHO THE OPERATOR OF THE ATTACK WAS. + +BRETT HARRISON EX-CITADEL NOW FTX, MOVED TO FTX AFTER MAY 2021. WAS HEAD OF ETF TECH UNTL FEB 21... SQUEEZE TIMING??? [https://www.theblockcrypto.com/linked/104870/ftx-us-former-citadel-securities-brett-harrison-crypto-exchange](https://www.theblockcrypto.com/linked/104870/ftx-us-former-citadel-securities-brett-harrison-crypto-exchange) + +&#x200B; + +[PRESIDENT for FTX but let's see what we find...](https://preview.redd.it/bx9uhbatz3z81.png?width=1468&format=png&auto=webp&s=86285d1f5426bb47c37cfc30e5888201e4bf2429) + +&#x200B; + +[Direct connection to Citadel...and he's good with ETFs and he left head of ETF tech after the Gamestop Squeeze.... These connect, 100&#37; no doubt in my mind ](https://preview.redd.it/jqrohjrwz3z81.png?width=1148&format=png&auto=webp&s=e7956c54c0008d0d482da4fa3611f811707ef89e) + +&#x200B; + +FTX Chicago! Ken Griffin Citadel, Chicago! [https://www.bizjournals.com/chicago/inno/stories/profiles/2022/02/17/ftx-us-chicago-hq.html](https://www.bizjournals.com/chicago/inno/stories/profiles/2022/02/17/ftx-us-chicago-hq.html) + +Gamestop spiked today from $78 to $108, FTX comes in to bail out Robinhood so Citadel doesn't get brought into the light if they did it. [Read my post from yesterday, they are in panic mode.](https://www.reddit.com/r/Superstonk/comments/unpqle/memestock_basket_is_a_way_to_make_the_public/) + +DIG DEEP. MORE INFO WILL COME TO LIGHT. + +DRS. DRS. DRS. NO CELL NO SELL. NEED MORE EYES ON THIS DIGGING DEEP. + +**we've also seen an uptick in FTX talk around the public sphere, pulling in liquidity from retail through using professional athletes, ads, tv, sponsors, and stadium deals... take retail money with ads thinking crypto is the play then dumping on them... look at luna, it was considered a 20% APY safe crypto 'bank account,' now people have lost millions. evaporated overnight.** + +edit: forgot about this capital raise + +[https://www.protocol.com/bulletins/citadel-sequoia-paradigm#:\~:text=Ken%20Griffin%20is%20the%20founder,investment%20from%20Sequoia%20and%20Paradigm.&text=Sequoia%20Capital%20and%20Paradigm%20have,crypto%2C%20the%20companies%20said%20Tuesday](https://www.protocol.com/bulletins/citadel-sequoia-paradigm#:~:text=Ken%20Griffin%20is%20the%20founder,investment%20from%20Sequoia%20and%20Paradigm.&text=Sequoia%20Capital%20and%20Paradigm%20have,crypto%2C%20the%20companies%20said%20Tuesday). + +https://preview.redd.it/8quvjjgj44z81.png?width=1170&format=png&auto=webp&s=7c1e61651c21f8eb18f79444d6ce525a63c905a9 + +edit 2: + +how to buy tokenized GameStop posted today from coinbase... FTX logo! + +is it possible they tied tokenized GameStop swaps with fake naked shorts in some type of deriv or new swap creation? + +&#x200B; + +https://preview.redd.it/todbhh0j54z81.png?width=2472&format=png&auto=webp&s=65a54637f57e16699086407ea56aaa3d4c8b8d55 + +[https://www.coinbase.com/how-to-buy/gamestop-tokenized-stock-ftx](https://www.coinbase.com/how-to-buy/gamestop-tokenized-stock-ftx) + +&#x200B; + +edit 3: CEO of FTX discussing Crypto yield farming as a ponzi scheme + +[https://www.youtube.com/watch?v=C6nAxiym9oc](https://www.youtube.com/watch?v=C6nAxiym9oc) + +&#x200B; + +edit 4: + +i didnt have the karma months ago to post, but here's some more DD from my post that failed + +&#x200B; + +https://preview.redd.it/wz7xq9a474z81.png?width=2592&format=png&auto=webp&s=475c217888b28707f2866ef076ef52181f48ae98 + +can trade tokenized / synthetic shares of GME on FTX+ major ties to the DEL + +fake GME - [https://ftx.com/intl/trade/GME/USD](https://ftx.com/intl/trade/GME/USD) + +&#x200B; + +https://preview.redd.it/0hppgzk874z81.png?width=435&format=png&auto=webp&s=0ee428c6ef8e2cb99808d3b5841c20cb62b85716 + +when you click learn more about tokenized stocks heres what u get: + +Disclaimers + +1. *None of this is investment advice.* +2. *Much of the below analysis ignores any difference between equity prices on different venues, and ignores the effects of fees.  It also ignores slippage, and generally assumes that all transactions happened at theoretical prices instead.* +3. *While this does generally describe how tokenized stock trading on FTX works, it contains approximations and should not be taken as precise.* +4. *In general, FTX reserves the final right to interpretation of all actions on its platform.* +5. *This document may become out of date at some point and fail to reflect updated policies.* +6. *FTX reserves the right to restrict usage of its tokenized stock trading as it sees fit.* +7. *Users should trade tokenized stocks at their own risk.* +8. *Brokerage services with respect to tokenized stocks on FTX are provided by CM-Equity AG (CM-Equity).* +9. *Tokenized Stocks, like the rest of FTX, are not being offered to US users or other prohibited jurisdictions, potentially including Iran, Afghanistan, North Korea, Hong Kong, Singapore, and/or other jurisdictions.  Users must pass sufficient KYC checks in order to trade tokenized stocks on FTX.  For more information, see* [*here*](https://ftx.com/tokenized-equities-kyc)*.* + +**FTX has partnered with** [**CM-Equity AG**](https://cm-equity.de/en/) \[CEO **Michael Kott (unsure if anyone can find ties to citadel)\] to provide brokerage services for tokenized stock trading!** + +What exactly is traded on FTX? + +FTX itself lists tokens on the equities.  For instance, [ftx.com/trade/TSLA/USD](https://ftx.com/trade/TSLA/USD) is a market to trade tokens on Tesla stock. + +These spot tokens are backed by shares of Tesla stock custodied by CM-Equity.  They can be redeemed with CM-Equity for the underlying shares if desired.  In the future, there may be other ways to withdraw the tokens from FTX.  If you are interested in getting set up to redeem the stocks, please email [support](mailto:%20support@ftx.com). + +&#x200B; + +https://preview.redd.it/z5gpb9nc74z81.png?width=1528&format=png&auto=webp&s=f1c835b6ac2cd60ad6ef0fd23c60fc79e7adfb1c + +&#x200B; + +https://preview.redd.it/8h24ifyd74z81.png?width=1378&format=png&auto=webp&s=166a9d7553100324268c0a7dd5cd99d2c1764894 + +edit 5: + +from a dm + +"Hey I’m way too smooth brained and stoned for this but I googled SBF, clicked on his dad (Joseph Bankman), and then googled Joseph Bankman Ken Griffin… first result is a hedge fund doc from 2008. Both of their names show up OVER 60 TIMES!!" + +[https://www.govinfo.gov/content/pkg/CHRG-110hhrg56582/html/CHRG-110hhrg56582.htm](https://www.govinfo.gov/content/pkg/CHRG-110hhrg56582/html/CHRG-110hhrg56582.htm) + +&#x200B; + +edit 6: + +high chance jump crypto is dead from luna collapse & FTX came in to bail out RH crypto + +https://preview.redd.it/azpljxgxo5z81.png?width=828&format=png&auto=webp&s=2eccbb583633efbc7435f45d236a4bc279302c54 + +edit 7: + +more on citadel raises for crypto [https://www.reddit.com/r/Superstonk/comments/s3yhej/citadel\_securities\_partnership\_with\_sequoia/](https://www.reddit.com/r/Superstonk/comments/s3yhej/citadel_securities_partnership_with_sequoia/) +As a Graham and Dodder, I have a very sharp and some would say rigid understanding of value. I see value only as a discount from the intrinsic value of a company. + +I recently spoke to a friend about a company which I bought into and went through why I believed the stock was cheap in the traditional sense. My friend was baffled to learn that I thought that $30 a share was cheap. I walked him through the numbers. But, he interjected when I started talking about discounted owner’s earnings. He said I should look into another company that he bought into. He said they were cheap and that I could buy shares for under $10. I began asking questions about why he thought the company was cheap. I heard nothing about valuation, upside, cash flow, growth, innovation, earnings, customers, etc. All he said was that the share price was low. + +I proceeded to explain to him that companies can be worth the same amount of money and one sells for $1 a share and one sells for $1000 a share. I explained that a billion dollar company can issue a billion shares for $1 each or they could issue a million shares for $1,000 each, yet at the end of the day, they are selling for the same price. + +Are we coming into a generation of very powerful day traders who are associating cheapness of a stock with a low share price? As with any irrational market participation, opportunity awaits disciplined and rational investors who choose to wait for companies selling at high per share prices to dip when they lose favor with the irrational participants thinking they are “expensive.” + +Just take a look at this quote from the WSJ’s James Mackintosh about a month ago describing performance related to share prices in 2020: **“Stocks priced below $1 have performed the best, followed by those between $1 and $2, and so on up almost perfectly. The worst performers have share prices above $100. It looks remarkably like investors are treating a low-price share as an indicator that the stock is a bargain, and a higher price as a sign that it is worse value for money.”** ([https://www.wsj.com/articles/when-investors-forget-fundamentals-the-market-is-broken-11611055800?mg=prod/com-wsj](https://www.wsj.com/articles/when-investors-forget-fundamentals-the-market-is-broken-11611055800?mg=prod/com-wsj)) + +Why are so many mistaking a low share price for a stock being “cheap”? +Hello, as an european investor I have a hard time following all the political turns in this matter. From what I get one side of US politicians (no names named) want to withhold passing the CHIPS act for their own benefit despite the fact that it might hurt US in the long run. + +Recent [news](https://www.reuters.com/technology/us-senate-eyes-vote-soon-tuesday-china-chip-competition-bill-source-2022-07-14/) claim that the vote may be cast as soon as next week on this matter and INTC, AMD, APPL, NVDA gained some ground on this. + +What is the general concensus among US investors on this? Will it pass? Or get ”delayed”? +Apologies in advance if this is the wrong place to post this. My biggest question is how hard should someone stick to the rule of spending no more than 30% of their take home income on housing? Is this a golden rule (don’t even think of breaking it or you’ll be miserable) or more of a suggestion? + +I’m currently 25 and looking to move to the downtown area of my city when my lease is up. Not only will this be more expensive, but it will make my commute longer. I would have to commute roughly 30 minutes one way, but I work from home at least once a week. Also, I’ve spent my entire life living in suburbs and small towns. I would love the chance to spend part of my twenties right where the fun is if I can afford it. + +Monthly take home: $3,624 +Downtown rent and parking: ~$1,350 +So it would be around 37% of my take home. Is this too much to comfortably handle? + +My current expenses are roughly $2,100 including $950 rent. I think even spending 37% of my income on housing would leave me with plenty of money to put into savings and have disposable income leftover, but a lot of people have warned me that nearly 40% on rent is stupid. + +EDIT: +Here is my current budget: + +Rent $945 + +Utilities ~$80 + +Phone (plan & phone payment): $97 + +Internet $40 + +Electric $60 + +Gas $80 + +Groceries $200 + +Hulu $8 + +Spotify $10 + +Renter's Insurance $14 + +Car insurance $100 + +Student loans $500 (min payment is $300) + +Savings: $500 + +——— + +$2,634 + +To add, I don't want to look for a roommate because the current plan is for my boyfriend to move in with me once his lease is up and help with the expenses. However, if that falls through, I need to be able to cover this place myself. + +Also, I overestimated the distance to my office. It actually looks like the commute would be closer to 30 mins. +Summarizing what Warren Buffett wrote in the 1970s annual reports about inflation rings true today. Warren Buffett stated that equities on average earn 12 percent for shareholders. Part of it is distributed in dividend and other part is invested into the companies. Most companies earnings amount will increase to inflation but their debt taken on to produce the same about of operating margin will increase. This is why Warren Buffett looked at companies that had pricing power that required minimum capital. This is why I ask the community with your research which companies have moats plus require minimum capital requirements. +I don’t really have anyone to celebrate this with, but I have a job now! I’ve technically only been unemployed for 1 month but it’s been really hard. I had to quit my job last month after I had a bad breakdown and ended up cutting myself. I was then placed in a psychiatric hospital for about 10 days so that I wouldn’t hurt myself and so I could be put on some medication. I had to leave my living situation as that’s what caused me to have my bad breakdown. + +I got denied for unemployment and my bank account is currently in the negatives, but i’m trying so hard to think positives. I got hired as a CNA in a nursing home and I will be making close to $16 and hour, which is the most i’ve ever gotten at a job! I’m just feeling relieved right now and wanted to share this news!😊 + +Edit: Thank you so much to all you for your kind words. I didn’t think anyone would read my post. This means the world to me, especially hearing your words of encouragement. For all you struggling right now, please stay strong, it will get better!❤️ + It seems everyday, there is a new post where someone's metamask gets hacked for 6 figures of ETH. They post the victim and scammer addresses and go on about reaching out to law enforcement blah blah. If you have ever seen a real scammers account, there are usually tons of transactions and money being moved quick to avoid being black listed by exchanges. The past few post ive seen, the 'hackers' account has only 1 transaction. Seems strange doesn't it? +Let's also take OP's Reddit age into account . + +Now, not all post are scams but unfortunately, it only takes a few bad apples to spoil the bunch. With it being the holidays, people probably feel a bit more generous and want to help out someone in need. +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! + +So it's been a great year, in big part thanks to ThetaGang! In 1-year my account has gone from $134K to $260K, 110% 1-year rate of return, $40K+ deposited, rest is gains. + +I felt comfortable taking larger risks that "made sense" to me, lots of meme puts, some naked calls, often maxing out the initial margin on my portfolio margin account. It almost always worked out, worst week I had was -$8K. + +Now at my current account size, I realized the option income has steadily become part of my life plans, and has lately been more than what I make at work. I also just realized I'm MUCH more invested in the market than just 1 year ago. It's been a really amazing ride up, and I don't really want a big ride down now that I have something to lose. + +How do you guys deal with growing account / theta income? I'm thinking of being more conservative and focusing on preserving gains, buying more broad ETFS like VTI / VXUS, setting a monthly options goal and sticking to it, etc. +If people believe there will be a fake squeeze, they will be tempted to daytrade. " + +Oh, I'll just sell for profits now, and then buy back on the dip!" + +No no no. + +You like the stock, you buy and hold it. Don't believe this FUD. Very dangerous. Any selling while rocket is priming can hinder the full effect of the squeeze. +Since I discovered a $12 monthly charge a while back when my account was automatically switched from a student account after I graduated and moved, I've been passing the warning along to those who might be unaware every year around graduation. Also a $5 maintenance fee on savings accounts. + +If you are job hunting and don't have much money or have dipped into your emergency funds you certainly are [getting charged](https://m.huffpost.com/us/entry/us_5a68a762e4b0dc592a0e91d6) without realizing it, or will be soon. This was in the ~~fine~~ print when you signed up for your free account, but most people don't tend to remember things that they agreed to as teens when going through crucial life changes like graduation or loss of a job. So I hope posting this again helps people like it did last time. + +A customer representative said there's nothing that can be done, so I recommend changing banks perhaps to a credit union if this may be a problem for you. + +Edit: TD Bank also does this as per another user. + +Edit 2: People are really salty that I've shared this information. If you are not job hunting, in really good financial shape, and already knew this then great, but this post isn't targeted at you. And yes, there *are* banks and credit unions that don't require this kind of fee to provide service. If you personally feel BoA is the best for your particular financial situation, that's totally okay too. + +Edit 3: Guys chill, I signed up for the account when I was 16. Yes yes, it's my mistake for not remembering. The point of this post is to help people avoid this mistake and to be aware that there are banks that don't do this. Last year I helped remind some people, and this year I hope to help some more people too. :) + +Edit 4: online banking and credit unions have been recommended (which I personally use), and if you absolutely need brick and mortar large chains for some reason USAA and +Capital One Bank have free accounts. + +Edit 5: If you go to close your BoA account, be sure to withdraw or transfer all your money *before* you tell them you want to close your account. They often will try to charge you $10 for the cashier's check to get your money back when you close your account. If you are overseas you're out of luck, there is virtually no way to close your account from overseas and you'll continue to be charged, so remember this before moving abroad or moving back to a country with no BoA. +Hey guys, I’m going to be a new dad in May and I’d like to upgrade my 4 door sedan to something a little roomier, ideally before my daughter is born. + +Since I’ll be driving this car to work as well (60 miles round trip), I thought I’d get a used car versus buying new. + +Does this make financial sense? I like the idea of buying a new car but I’m not crazy about all the wear and tear that my commute will put on it. + +Edit: Thanks for all the suggestions so far, guys! Much appreciated! +I’m only asking because I saw a video on it, I liked it but I wasn’t sure how actually feasible debt forgiveness would be, or rather if there would be repercussions for immediate forgiveness given the structure of debt in America. Like, would creditors not having debt to sell around have any affects on the economy in the immediate? How about generally speaking long term? Has there been studies conducted on this? I haven’t been sure where to look so I just wanted to come here and ask. +Hi Folks, + +I am in my late 20s based in NL, starting on long-term finance planning, and plan to put all money into ETF (60% VWCE, 20% VUSA, 10% CNYB, 10% Free Cash / play around with stocks); save a small portion additional for emergency fund. + +I am curious how do you protect your money against a potential future economic crisis, that might hit us this year, or 5 years from now? + +Some suggestions go by the purchase of more bonds, however, with the current return of bond, that might as well be just holding cash... Would really appreciate some piece of advice! :) +So in case people were unaware, about a week ago /u/TheBomber9 the owner of Bitgrail. Violated his own TOS & instituted mandatory verification (KYC) without any prior notice, disabling any withdrawals from the exchange. This was after weeks of disabled withdrawals due to maintenance, so people's XRB has been stuck on this exchange for over a month. + +Today he announced that he will be closing all non-EU accounts & liquidating their assets into BTC before sending it out. This caused a massive drop in the price of XRB (over 50%) & a huge increase in the price of BTC on the exchange. Bomber9 also just happened to announce this right before the Binance listing (which is supposed to be happening soon). + +Now, Bitgrail is a dedicated XRB exchange & the vast majority of the assets on Bitgrail are in Raiblocks. According to the exchange wallet he has around 6 million XRB, with over half of that likely being from non-EU users, there is not even close to enough BTC on the exchange to pay for all the XRB at market price. + +So this begs the question, why wouldn't he just allow people to withdraw in XRB? It would be by far the easiest option. The only explanations are: + +1) **He's forcing BTC withdraws so he can sell his BTC for a massive premium & buy up tons of XRB cheap right before the Binance listing. Making millions. (by far the most likely explanation.)** + +2) He wants to force one last trade to make money on trade fees & BTC withdrawal fees (XRB withdrawal is free). + +3) He wants to skim BTC off of people who had their accounts forcefully liquidated into BTC (since he can choose whatever price he wants for your XRB). + +He has effectively destroyed his exchange with his actions & I think it's unlikely he's just a moron. It's far more likely he sees the writing on the wall with his exchange (with the Binance listing coming) and he wants to pull a pseudo-legal exit scam (not sure if this is illegal under Italian law). + +Now I have my life savings in XRB on Bitgrail (seemed like a good idea at the time) & I basically just lost half of it because of this guy. Now I understood the risk of getting into Crypto & I've accepted what's happened. All I can ask is that there be some justice for me & the other people he's screwed. + +I don't know what the laws are like in Italy but in America a violation of TOS is grounds for a lawsuit & most types of market manipulation are illegal. If someone could contact the proper authorities & let them know about the situation, I'd really appreciate it. I don't expect anything to come of it but I'd appreciate it if someone could at least try & get some justice for us. + +Edit: I'm aware how stupid it was to go all in on XRB on Bitgrail, no one realizes that more than me lol. Not looking for sympathy my mistakes are my own, just wanted to illustrate how fucked up the situation is. + +Edit: [Bomber's Statement](https://np.reddit.com/r/BitGrailExchange/comments/7u02o9/bitgrail_update_30012018/?st=jd1hmflg&sh=fe0c9f41) + +Edit: Apparently, he has also [doubled the withdrawal fee of BTC from 0.001 BTC to 0.002 BTC.](https://bitgrail.com/fees) + +Edit: [Raiblock team's statement.](https://np.reddit.com/r/RaiBlocks/comments/7u2x97/bitgrail/) + +**Update: [BitGrail has backpedaled; they will continue verifications and withdrawals for non-EU users for 2 weeks & allow withdrawals for 2 weeks after verification.](https://np.reddit.com/r/BitGrailExchange/comments/7u3vhq/another_update/) We did it Reddit, thank you.** +Here's a little company - Tissue Regenix - that can and will probably grow fast starting 2nd half of 2021 when elective surgeries and procedures will resume. + +You can tell I am a fan... (Disclaimer: I bought shares early February at 0.63p average. I tried to post here before but I didn't have enough karma, hopefully this one gets approved). + +Current share price 27 May 2021: 0.65p. + +Pros: + +* solid proprietary products ([dcell](https://www.nhsbt.nhs.uk/tissue-and-eye-services/products/skin/dcell-human-dermis/) for soft tissues, [biorinse](https://www.tissueregenix.com/orthopaedics/overview/) cellright for bone products, [orthopure xt](https://www.tissueregenix.com/orthopaedics/orthopure-xt/orthopure-xt-overview/) etc.) with multiple applicability - orthopaedic, wound care, tissue grafts, bone grafts, dental, heart valve replacement, sports medicine etc. +* Tissue Regenix was co-founded by University of Leeds researchers Eileen Ingham and John Fisher CBE who were [finalists for the European Inventor award in 2018](https://www.epo.org/news-events/events/european-inventor/finalists/2018/ingham.html) for dcell technology (one of TRX's technologies). +* revenues 13 mil 2020- flat, despite pandemic. Elective surgery procedures were cancelled in 2020, but from 2nd half of 2021 should pick up - as surgeries were postponed, not cancelled completely. +* they have started to expand capacity in 2020, to address demand issues they had before the pandemic +* they have FDA approval in the US and CE mark in Europe and are licensed with tissue banks in the USA, UK, and Germany. +* partnered in 2020 with a top 10 global healthcare firm (unnamed yet) for the [launch of a new soft tissue orthopaedic product](https://www.tissueregenix.com/investors/rns/) +* have secured distribution partners in UK (specialist orthopaedic provider to NHS), Poland, and also US - the likes of Arthrex, J&J, ARMS. Even though they are UK-based, US is their main market at the moment but they plan to expand in Europe. +* shares price nicely going up for the past 6+ months +* low debt, enough cash flow for 1-2 years +* [insider buying past 3 months, high % of institutional investors](https://simplywall.st/stocks/gb/pharmaceuticals-biotech/aim-trx/tissue-regenix-group-shares#ownership), VC firms, private companies (including University of Leeds Endowment Arm) +* currently undervalued + +**For more background about TRX products and why the potential, you can read a very detailed great** [**piece of due diligence**](https://www.reddit.com/user/Jessie1991a/comments/krab7q/jessies_first_write_up/) **on TRX by** u/Jessie1991a. She appears to be working in a US hospital. + +**Cons:** + +* small market cap \~ 55million +* outstanding shares \~7 billion (candidate for consolidation) +* not profitable/no dividends yet +* the company was affected by the Woodford scandal in the past, had to refinance +* **(later edit)** u/BoopingBurrito thinks I should also mention here that the [shares fell](https://www.londonstockexchange.com/stock/TRX/tissue-regenix-group-plc/company-page?lang=en) from 30p in 2014 to 0.32p in 2020. + +**Recent analyst opinions:** + +* Vadim Alexandre (from minute 17:35) [https://www.voxmarkets.co.uk/articles/zaim-credit-systems-vadim-alexandre-john-meyer-e28924a/](https://www.voxmarkets.co.uk/articles/zaim-credit-systems-vadim-alexandre-john-meyer-e28924a/) +* Philip Whiterow [https://www.proactiveinvestors.co.uk/companies/news/904109/tissue-regenix-ready-to-build-on-strong-performance-through-pandemic-904109.html](https://www.proactiveinvestors.co.uk/companies/news/904109/tissue-regenix-ready-to-build-on-strong-performance-through-pandemic-904109.html) +* Hardman&Co [https://www.hardmanandco.com/research/corporate-research/funded-through-to-profitability/#report-download](https://www.hardmanandco.com/research/corporate-research/funded-through-to-profitability/#report-download) (you need to register to download full report - it's free) + +Any opinions/comments are welcome. Happy investing, redditers! + +PS. This is a compilation of information & links found on reddit, [LSE chats](https://www.lse.co.uk/ShareChat.asp?ShareTicker=TRX&share=Tissue-Regenix-Group), and [UK ADVFN forums.](https://uk.advfn.com/cmn/fbb/thread.php3?id=22810630) I can't take credit for any of it, except for putting it all together (it's not copy & paste though, I wrote it). **This is also NO investment advice, please do your own research**. **This is an AIM share (FTSE AIM All-share), highly volatile and high investment risk.** + +&#x200B; +The number of people who come here asking for actionable real estate advice, but refuse to give the smallest detail is too damn high. A lot of new investors or people inherit property come and ask about out of state investing vs local investing. How the fuck are we supposed to answer that, if we don’t know where you live. The first question I ask when someone asks for advice is, “What city?”. + +This isn’t because I’m trying to stalk you so I can sneak into your house and sniff your underwear. Or because I’m going to try to find the house you’re looking at so that I can huff and puff and blow your house down. Yet, new posters will come in here guarding that information like it’s the map to the holy grail. + +I need to know where you live because every market is different. Are you investing in one of the Primary markets(LA, NY, SF)? Do you live in a growing market(Austin,Raleigh,Durham, Tampa Bay)? Do you live in a rural market? These different geographic locations have different strategies. You could pick up the top 10 best selling real estate investment books and not one of them will apply to a primary market. They won’t give you the tools and strategies to invest in a 4 cap market. + +People will ask if the 1% rule still applies. Sure it does, in a ton of different cities. But it hasn’t applied to NY,LA, SF since the 90s. And when it did apply, it was called the 2% rule because that was the expected return from your real estate investment. + +For me personally, 2 things are going to happen when you ask a **good real estate investing question**: + +I’m going to try to give you advice that goes beyond a real estate investment book. If you can pick it up from reading a Bigger Pockets book, then you don’t need to hear it from me. Like I just wrote in the previous paragraph, if you tell me you live in San Francisco and want to invest locally, I’ll know that real estate books do not apply to the local market. The closest cities that might apply will be: Fresno, Stockton, and some areas in East Bay. But I’m not going to find you and sniff your underwear(I don’t care how much crust and smegma you’ve saved up, I’ve been sober for 4 years and I’m not going to fall off the wagon, I've learned to resist the temptation). + +If you give me the city and I have time in my day, I’ll take a quick look on Zillow, Costar, and maybe citydata to get a temperature of the market. + +Since, i'm harping on you guys to give information. Here’s my data: I own 53 apartment units. The majority of them are East of Los Angeles in the San Gabriel Valley (4.25 cap market). I’m acquiring another 2 units this month and have plans in development to build another 10 units. I also own property in Central PA (7.5 cap market, workforce housing). +I like both markets for different reasons, they both have their advantages and drawbacks. If you tell me your personal goals and financial situation, I’ll also give you details on the specific +/- of different investments. + +I like talking about real estate. I hate answering repetitive questions or stuff that you really should be getting from a book. + + +TLDR: If you’re looking for actionable advice, be prepared to give us some additional information regarding your target market, goals, and financial situation. +Back in July we were wrapping up our yearly road trip to Illinois. We purchased gas around 8 or 9am right before we started the 12 hour trip to Texas. + +&#x200B; + +Two hours into the trip my wife gets a notification on her phone from Bank of America alerting her to fruadulent charges being made. We only have one debit cad. + +&#x200B; + +While we were starting our driving home, someone in Austin, Tx purchased around $500 in merch at Home Depot, drove towards Houston, Tx attempting twice to use our card at the ATM, which did not work because they didnt have the pin. They made their $200-ish last transaction at TJ Maxx North of Houston before were alerted and had the card shut off. (Austin to Houston is about a 3 hour car ride) + +&#x200B; + +My wife immedately makes a claim. 10 days later, we get the money credited back while they continue the investigation which seems pretty open and shut to me... They also say it may be another 45 days before they finish their investigation. + +&#x200B; + +October 5, they send a letter stating that they have completed their investigation: "Our records show the transaction activity in question was authorized for and posted to your account." The letter states they'll be taking the $740 back on October 22. + +&#x200B; + +Wife calls and has them reopen the case or escalate it. We're told it could be another 45 days. + +&#x200B; + +December 22. We call Bank of America again. This agent has no record of anything being escalated. Says he will escalate it and we should hear from someone in the next few business days. Nothing. + +&#x200B; + +Jan 3. Wife calls them again. This agent states that while an escalation sends an email to their investigators notifying that we are still asking about they case, they are under no obligation to complete it. + +&#x200B; + +After reading a bit into the law surrounding this, we have realized we can request the documentation they used to close the investigation. + +&#x200B; + +What else can we do? Do we need a lawyer? If they had to reimburse us for the first 45 days of the investigation, why do they not have to temporarily reimburse us as they continue to investigate "for as long as they need" with no date set for resolution on our end? + +&#x200B; + +It is blatantly obvious that someone skimmed the card at some point and had a dummy one made. Are they able to continue to withhold our $750 indefinitely and just keep saying. "Nope! Looks good!" until we tire out? + +&#x200B; + +Our kiddos missed out on a lot of Christmas gifts because of this and now bills are starting to get a bit tight. We really need this money back. Thanks yall! + +**Update:** Started posting on social media before I start filing complaints. 20 minutes later Bank of America contacted me on Twitter. Will update later. Thanks for everyone's advice. + +**Update 2: 3 hours later...** I continued to post on social media, reaching out to local news stations on Twitter that have community protection or investigative segments and linking to this post. Bank of America has now reached out in one of these posts, referencing my wifes name. Fingers crossed. [http://imgur.com/gallery/i4gWtC0](http://imgur.com/gallery/i4gWtC0) + +**Update 3:** Wife got home 30 min after my last update. A rep with BoA actually called her asking what was going on. The rep said she would need to call the fraud department and get them all on the line together. We are at our kids practice so opted for them to call us when they have someone on the line who can help us. Will update later. + +**Update 4:** Just got off the phone with someone in the fraud department at Bank of America. I recorded the whole convo and will be uploading it to YouTube. She says the call on Oct 22 did in fact reopen the case. (even though the rep on Dec 22 said otherwise and the rep earlier today said they have no timeline to adhere to and can take as long as they want) + +They now have 60 business days from Oct 22 to finish the claim once again. + +She says one of the reasons that the claim was denied was because the didnt attempt to drain her account. (They hit up two ATMs and failed to use the pin to drain the account, so they don't even have the correct info to base their findings off) + +I requested documentation about the claim as law allows and she says I should get that in 10 business days. They now have until Jan 18 to notify us of their findings. I'm going to continue with filing reports and posting on social media. + +I'll update in a few weeks I guess. + +**Update 5: 10 hours later,** they have blocked me on Facebook for sharing my problems on their page. I also filed a complaint with the CFPB . + +**Update 6:** 24 hours since this post and David, a Bank of America employee in the "Regulatory Complaints Department" left my wife a voice mail in regards to a complaint sent to them by the CFPB. They close at 4pm EST. (They're closed by the time we got the voice mail since she is at work). Will update Monday. + +**Update 7:** Wife woke up this morning and the money has been returned to our account. Time to turn and burn! + +Thank you everyone for your advice. We learned a lot from this. + +**Update 8: We got confirmation that the fraud claim is now closed and the money that was returned is permanent. Waiting on an actual paper letter to come in the mail before we turn and run. Thanks everyone! Update here:** [**https://www.reddit.com/r/personalfinance/comments/adnjj7/update\_bank\_of\_america\_refusing\_to\_return\_700\_in/**](https://www.reddit.com/r/personalfinance/comments/adnjj7/update_bank_of_america_refusing_to_return_700_in/) +BTC is at $41-42k. ATH was at $69k. That’s a 40% drop from ATH, and that drop has just been growing and growing for more than two months now. + +That’s a bear market. Yeah, it’s not a crypto winter, but multiple months of falling prices qualifies as a bear market, even if it’s short. Just like last summer was a bear market. It might get worse, or it might not. + +Call it what it is. It’s not something to be afraid of; bear markets are where foundations are built. The people who are saying “Oh, this is just a dip” or “This is just a typical correction” are in denial and don’t know what the fuck they’re talking about. +When I was 22, I was working full-time. At the 6 month mark, I had my performance review. The review went great. I hit all my KPIs, was the strongest performer on the team and had a clean record. But one of my managers, whom I was not best friends with, asked me why I did not go to any social functions, or why I did not engage in smalltalk with other people. + +Eventually, this became the focus of the discussion. My manager said that I did not seem "excited" and that the way I was sitting at my desk and leaning over was "distracting". Other comments were also made about how I was not willing to participate in after-hours drinks which indicated a lack of teamwork ability. + +For the record, I have never drank alcohol and never will. + +At the time, I felt great but confused. Great because I had achieved A+ on my performance scorecard. Confused because of irrelevant comments about how I effectively was not a good cultural fit. Putting this aside, I was actually promoted to a leadership position 4 months after that interview, which goes to show how rubbish those observations were. + +Nowadays I work from home. I have no manager. Nobody knows what I look like. I do my own work, on my own teams, and as long as I meet the broader objectives of the organisation nobody hassles me. I much prefer it t hat way. + +For me, this is one of the biggest benefits. I feel as though I'm judged on merit, not on physical appearance or personality, and certainly not based on whether I've gone to drinking parties. + +Not sure if anyone can relate. + +&#x200B; + +EDIT: + +Seems like this thread has attracted a lot of interesting comments. Thank you. In response to some observations about "fitting in" -- I totally agree that good communication and interpersonal skills are needed if you are a manager. I think that sometimes, these skills get conflated with "cultural fit". + +For example, say you have a company run by men. They do construction work, and the boss has 20 years' experience in construction. A woman comes in. In such cases, it is not uncommon for the woman not to fit in or to experience, sadly, harassment, abuse, bullying, etc. This has nothing to do with the woman's lack of communication or technical skills. It is just human nature that like attracts like. If you look different, you don't "fit in" and as a result your career is capped. + +Yes a simplistic example, but you can extrapolate that and basically say the same of a lot of organisations as well. ORganisations do not operate in a vaccuum. They are made up of humans with biases, prejudices, feelings and emotions. This is the most fundamental problem here. +I want to get into creating trading algos, but I want to make sure that it’s a plausible endeavor first. Are there still edges to exploit for normal traders, or is algo trading the realm of expensive high frequency trading machines that retail traders shouldn’t even bother to compete with? What are the limitations? +If you want to shop at Costco occasionally but can’t afford the membership, all you have to do is find a friend or family member with a membership and have them buy you a stack of $10 gift cards. Every time you want to go to Costco, you bring in one of the gift cards and show it to the person at the door. + +Depending on the store they might have you stop by the membership desk, or just let you in. Then at the register, you pay for $10 of stuff with the gift card and the balance with cash or credit. + +As far as I know, this works for every Costco in every state – it has to, otherwise Costco gift cards wouldn’t really work as gifts. +Welcome to SMOON + +&#x200B; + +Currently, the team is working hard to make sure there is enough stability in the SMOON network, the community is showing them real support. SMOON is 100 % community own token. + +&#x200B; + +The token was initially launched and abandoned, however, a group of volunteers organizes, and took the leadership of it. Since then the community is growing stronger, and due to the fact how it was built in the first place, it's one of the most supportive communities out there. + +&#x200B; + +The team who is now standing behind the project is giving their best effort to keep the community happy, and every decision which is related to upcoming changes is done with a community vote. Considering all this Saylor Moon is truly a community's token. + + + +&#x200B; + +Some of the things that the team is currently working on is to have the token fully audited, list the token on more exchanges so they can have more stability, develop an NFT marketplace, to get listed on CG. + +&#x200B; + +Join the Saylor Moon Army at: + +&#x200B; + +[https://t.me/Saylormoon\_official](https://t.me/Saylormoon_official) + +&#x200B; + +[https://saylormoon.army/](https://saylormoon.army/) + +&#x200B; + +[https://twitter.com/SaylorMoonArmy](https://twitter.com/SaylorMoonArmy) +I still have a long way to go to break even but loving the trends. Took a lot of hard work and figuring out my inner self but I've made major progress over the last 4 months. It isn't much but it's something. + +https://preview.redd.it/vujnrvjk2g471.png?width=2785&format=png&auto=webp&s=ad973396d36e23cb480d329dfcc3e61a7f20c4f3 +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Hey /r/personalfinance, I've moving out and finally decided to post. I'm turning 18 in two weeks and I'm really anxious about starting out right. If you knew then what you know now, what would you do at 18? And what things do you think would be most important to know? + +Before everyone says moving out at 18 is a horrible idea; I know that it's probably not the best financially, but it's definitely necessary. + +Also I saw the thread about IDAs and have been really considering them, would I be eligible since I'll be independent and minimum wage? +In the space of about 4 months I’ve ended up paying an extra £180 a month with various bills and food/fuel prices. That with stagnant wages, my ability to save is severely hampered. I’m basically saving next to nothing, I’m young in my career and I know it won’t always be like this, but damn it’s frustrating and disheartening feeling like your existence is to pay bills at the moment. +I'm looking to buy a house. + +I viewed a great place this past weekend on the market for £250k. I called up the estate agent on Monday prepared to meet the asking price. + +On calling, I was told that they already had three bids; one of £255k, one of £260k, and one of £280k. + +In response to this, I put in a bid for £260k. + +£280k is higher than I'm willing to go, but as a first-time buyer with no chain, I figured I'd be as attractive as the other £260k bid if the higher one fell through. + +&#x200B; + +Fast forward to today (two days later) I just got a call from the estate agent, saying that they're going to final offers tomorrow (not too sure what that means), and that the current top bid is £280k, and if I want to increase my bid, I have to do it by 11am tomorrow. + +I told her I'm not willing to go to £280k at which point she immediately backtracked and said I could still put in an increased offer; it doesn't always go to the highest bidder. + +&#x200B; + +I'm a first-time buyer so this is my first time doing this, but someone putting in an immediate bid of £280k on a house valued at £250k seems very odd to me. So I have three theories: + +The first is that the market is so ultra competitive at the moment and this is a very nice house, that this bid is legitimate, and the bidders wanted it so much and didn't want to faff around, that they immediately bid what they thought it would take to get it. + +The second is that the owners need to move quickly (they told me so when I viewed the house), and so this bid of £280k was to keep it on the market to run-down the clock, and then when the sale is almost complete, they'll reduce their offer knowing that the owners have nowhere else to turn. + +The third is that it's a fictional offer made up by the estate agents to trick people like myself who have no idea what's going on, to offer more money. + +&#x200B; + +I think I'd be willing to go up to £270k on this house, but anything more would be putting myself in a difficult financial position. But even so, offering an extra £10k on what might be nothing more than a fictional offer, is concerning me. It'll take me almost a year to save that £10k back up again. + +&#x200B; + +So I wanted to ask for the opinion of anyone who knows this market better than I do (so basically anyone). What is most likely going on here? And should I increase my offer, to £265k or even £270k? Or should I hold firm? + +&#x200B; + +&#x200B; + +EDIT: Thanks for all the comments. There were too many to respond to them all, but I did read and take on board every one. + +For anyone who finds this thread in the future, I decided to stick with my initial offer of £260k, and I did not get the house. The vendors accepted a different offer. + +I don't have the details of that offer, but it leads me to believe that an offer above my own did exist. +So I was looking at a new Samsung Tablet, cheapest price was Harvey Norman at $878. + +Saw an offer on the screen that said 1000 days interest free, +which I thought was a good option as setting a scheduled transfer every month for 2 years would be $37 a month. + +Then I read the fine print, $8.95 monthly account fee. +The so called interest free deal actually costs 24% over 2 years. + +So overall it's considerably worse than an interest loan as the monthly fee doesn't get lower as the debt is reduced. + +It seems to me that offering this type of deal to customers is unethical at best. + +Oh and there was also the 24% interest rate after 1000 days and the fact that the minimum repayments wouldn't clear the debt by then! + +Anyway end rant... I will be saving up for this tablet instead. +I know SCHD is one of the sweethearts of this sub and I do like its combination of dividends and growth. However, if you were to split your money 50/50 between SCHG & QYLD you would get roughly the same growth and more than double the dividend yield when looking at the past 5years’ performance. + +SCHD on its own pays less than 3% yield and has had 87% growth over the last 5 years. So an average year will get you ~20% return (17% growth + 3% dividend) + +SCHG has had 169% growth over 5 years, the dividend is minimal so I won’t include it. QYLD pays around 12% dividend, the growth over 5 years has been minimal so I won’t include that either. Splitting your money 50/50 between the two you get an average return of ~23% (17% growth + 6% dividend) + +Based on the last 5 years, you would have increased your average annual return by 3%. Your growth would have stayed the same (17% per year) but you double your dividend yield from 3% to 6% overall. +New to investing.... 46yo and father passed an inheritance diversified through fidelity, and to avoid losing it through dumb uneducated decisions, I let fidelity manage it. It made about 25% june to june. Now my question is I also set up an account through Schwab with our savings of about 31k in it that was wasting away to inflation. We put roughly 1800 a month in there, and I'm looking to retire by 55 thanks to dad.... bought 30k of QYLD and already received 300 this month with another payout end of month, but thinking SCHD here on out? Thoughts? +IG and now trading212(sell only) + +Pretty lawless that they add a stock only for you to only be able to sell it after a while. + +No regulation to protect the small guy ? Seems like a scam and they getting away with it. + +&#x200B; + +My opinion is they should refund the amount you initially paid for the stock. +Welp, looks like it's time to try and counter some of the negativity, fud, and trolling infecting the board lately. The sentiment reminds me a lot of Q4 2016 (after the DAObacle and the subsequent bleed out of ETH from $20.00+ down to $6.00 and the accompanying existential dread). + +Here's a brief look at why I'm short-, medium-, and long-term bullish on the Ethereum project (and by extension ETH). + +***Short-Term*** + +* **1: dApps**: The first (and some of the greatest) dApps on Ethereum have launched or will be launching soon. + +* * **a: Maker** is already an unmitigated success and could very well become the go-to stablecoin by the end of this year. (I can’t overstate how impressed I am with Maker; it’s truly a revolutionary project in and of itself, and operating within the Ethereum ecosystem is a beautiful synergism that will only help both endeavors in the long run). + +* * **b: Golem** looks to be launching Brass on the main net soon. This is still one of the sexiest projects out there, both in the mainstream and crypto communities. Granted, some of the lustre has worn off given the team’s tendency to overpromise and under deliver (and their terrible PR), but if they can deliver even a fraction of what they’re looking to accomplish, GNT (and again by extension ETH) could be prime for an explosion and could bring more mainstream eyeballs and adopters to the space. + +* * **c: Digix** Gold-backed tokens. Another stable-currency of sorts, but more importantly, the first serious tokenization of real-world assets. Launching on main net soon. + +* * **d: Augur** will launch on the main net in a matter of weeks (not months?). Prediction markets are a perfect fit for blockchain. And, yes, there is more use for Augur than simply gambling on sports. Individuals and corporations alike could self-insure / hedge on a micro- or macro-basis. + +* * * *Example*: Farmer Frida worries about her crops in the irregular dry seasons that afflict her region. She decides to insure herself by establishing a prediction market wherein she bets that there will be at least one dry season in the next four. If she loses the bet, *great*, because that means she has had four wet seasons and the good crops that come with them. If she wins, she’ll collect on the bet and be able to better weather a dry season (and the diminished crop that resulted). This kind of insurance / hedging has only ever been possible at an institutional level and at amounts that are either prohibitively expensive or just don’t make sense for the average individual. Augur makes it all possible at a fully decentralized, micro level. + +* **2: Consensus**: maybe the largest blockchain conference in the West, last year’s conference came when ETH hit $100 (it seems almost quaint to look back and watch some of the conference participants gush about hitting that milestone). May 14-16 should be a nice shot in the arm for blockchain generally and Ethereum specifically. + +* **3: Price Action**: Both BTC and ETH seem to be consolidating (finally) around $6,500-7,500 and $370-410, respectively. Bulls and Bears seem to be content to graze quietly in their fields and woods. (If you had told me this time last year that the board would be licking its wounds at this price level, I’d have told you you were insane; if you had told me that we’d hit a high at $1,400 I’d have slapped you and called the state mental health institute). + +***Medium-Term*** + +* **1: Scaling**: The Ethereum Foundation is working furiously toward scaling solutions (as well as the migration away from PoW). Plasma, Sharding, Casper, are all priorities for the Foundation and its other allies in building out a scaled, decentralized blockchain. If *anyone* can do it, they can. (Note, scaling has plagued blockchain for almost 10 years, but it plagues every network and organization. IMO, this is still the biggest question mark in whether Ethereum can become the Web 3.0 it wants to be or merely a blockchain solution; if the former, watch out, because we’ll all be the oil barons of the 21st century; if the latter, we’ll still be well off from here). + +* **2: EEA**: The EEA continues to add interesting allies, but maybe more importantly for the medium-term, plans to make a marketing push. A polished, Ethereum-focused marketing campaign could be just what Ethereum needs to gain the kind of mainstream traction that will push it to the top of the heap in terms of price and adoption. + +* **3: Institutional Investment**: Physically settled futures is the first step toward ETFs, which would allow more and more institutions to get on board with the latest commodity asset. And when I say institutional, it’s not just corporations and banks; think sovereign funds and fixed-income providers with trillions at their collective disposal. Even without ETFs or other more traditional investment vehicles, you could more and more hedge funds, family funds, and corporations getting on board and buying crypto currencies as part of their portfolio. + +* **4: Proof of Stake**: PoW is getting a bad wrap in mainstream media—expensive, environmentally unfriendly (we can all disagree about the degree to which PoW contributes to pollution, but no one would argue that it doesn’t contribute much more than PoS would), and already being pushed out of communities and jurisdictions that don’t want to sell all their power to a handful of crypto mines. PoW also inevitably leads to some degree of centralization based on economics alone. Staking brings with it the promise of a cleaner, just as secure blockchain, as well as dividend-like rewards for stakers. If implemented successfully, PoS could make ETH the most attractive cryptocurrency by itself (let alone the network and platform that it enables). + +***Long-Term*** + +* **1: Web 3.0**: This goes without saying, but if ETH can scale to the level it aims to and can create a robust, dApp-driven platform, it would be world-changing (and the price would more than likely reflect that). Even if ETH only manages to provide a decentralized backbone to just a handful of successful and widely adopted blockchain projects, the price could still soar. + +* **2: dApp Store**: The analogy isn’t perfect, but if Ethereum becomes a dApp store and ETH is the fuel/toll for operating on the Ethereum blockchain, you could be looking at the next edition of the Apple / Android App Stores. ETH holders and stakers will have effective shares of that dApp store on their hands—benefiting from both platform usage (scarcity / security, etc.) and the resulting price action and from staking, whether individually or in a pool. This alone could drive a market cap into close-to a trillion dollars. + +* **3: Widespread Adoption**: If (when?) Ethereum becomes the go-to blockchain for individual and enterprise solutions (and it is easily the best situated to do that from today’s perspective), the demand (and value) of ETH will track accordingly. And, as we know from the last 10 years of the evolution of the internet (see: social media), networks have a geometric effect on value as they spread. + +* * Get thousands of people using applications on the Ethereum blockchain routinely—price is great. +* * Get a million people using applications on the Ethereum blockchain routinely—price is huge. +* * Get a billion+ people using application son the Ethereum blockchain routinely—price is unimaginable. + +* **4: Unforeseeable Usage**: When the internet was first coming to mainstream adoption, no one quite knew what to make of it. The idea of an internet-based marketplace was almost farcical—who would want to buy something without seeing / smelling / touching / trying it first? The same went with banking, purchasing, storing knowledge bases, etc. We know how that went. What other use cases will blockchain enable? Can we even fathom them right now? Could you have envisioned a fleet of driverless vehicles summoned on your smart phone just a decade ago? How about five years ago? +* * Technology is wild. Ethereum and blockchain are on the bleeding edge and are just building up momentum. + +**TL; DR**: The future is extremely bright. Strap in. Enjoy the ride. And don't get bucked off on anyone's terms but yours. +(WARNING: This is a long ass post. With bad writing. Read at your own risk) + +Hey FATFire Friends, + +So its almost been a year, and I thought an update may be entertaining to some. For context, here was my original long ass post from a year ago: + +[Entrepreneurial FATFire Story](https://www.reddit.com/r/fatFIRE/comments/mt14k7/an_entrepreneurial_fatfire_story/) + +So a lot has changed over the last year. Most all of it for the good. So let's get right to it. + +***Updated Data: 46yo with 4 kids in LCOL Midwest. NW of 15-25m depending on how you look at it, up from 11m a year ago.*** + +**Business Update** + +As catch up, in 2019 we decided to create a holding company with the intent to buy one business a year and build a portfolio of companies. As of a year ago, we had three companies in the portfolio, and a team of three (President, Marketing Director, and CFO) along with my wife and I. Here's an update on how things are going... + +**Business #1 - Flooring company in southwest US** + +This was our first acquisition, and has continued to be our strongest EBITDA performer. They have grown from 8.5m w 1m ebitda to 13.5m with 1.4m ebitda in 2021. Their GM continues to be a strong leader, and they are finally expanding with additional locations. They have engaged our marketing team and they could take a big leap in 2022 to close to 18m in revenue. They continue to provide a strong financial base for our company. + +**Business #2 - Flooring company in upper midwest US** + +We acquired this company in late 2020 and they had 13.5m in revenue and broke even. Fortunately they were a quick turnaround. They had a strong leadership team, and have thrived when given the autonomy to run the business the right way. They finished the year at 19.5m, about 40% above previous year. They booked 1m in ebitda, which is solid performance considering the last year (and the fact that we acquired them for 2.25m). They have a clear runway in front of them to continue to grow the company and become the dominant player in the market. + +**Business #3 - House painting company in midwest US - Dead. #BIGSAD** + +Sold it for $1. Literally. Fortunately we were only in the purchase price of 350k and another 100k to try to get it going. We thought this would be a nice little 3m rev / 300k ebitda business. We had a good GM. The fundamentals just didn't work. It was a franchise (we no longer will acquire a franchise), and just too squishy. It relied on hyper-effective marketing and cost effective subcontracting...neither of which we could figure out. Possibly with more effort over a few years we could have turned it around, but with limited upside, and the rest of our companies being over 10m in revenue, we decided to cut bait. Sold to the GM for $1. + +Important lessons learned: + +* Never buy a franchise. They crush your ability to make a profit, and restrict your ability to make changes. +* Small businesses are squishy. Buy bigger when you can...they are much more durable. +* Failure is part of the game. And a reminder that we are not geniuses. + +**Back on the Acquisition Trail** + +Due to the excellent cash flow from the two flooring companies, and the redemption of a REIT investment I had made shortly after selling my tech company, we had around 2.5m to invest in early 2021 + +We also had added a college junior who is crazy smart as an intern. He has taken over deal sourcing, and through a combination of phone calls, sifting through online listings, and making friends with brokers, we found acquisition #4. Side note...he's fearless. I once heard him trying to give advice to some 50 year old buy on how to run a flooring company...when that guy had been running one since before the intern was born. + +**Acquisition #4 - Flooring company in midwest US** + +We found a 9m flooring company in the midwest with an underperforming 500k of EBITDA. We LOVED the market they were in, and have plans to grow that market to 30-50m in revenue. The deal went as smoothly as any deal we have had, and ultimately bought the company for 2m in June of 2021. We put 600k down, did 400k of owner carry back, and borrowed 1m to complete the deal. + +Funny side note...the day we were onsite to close the deal, the admin team lead literally sat down with our President, unloaded...and demanded a big raise to stay (think 60k->85k). She kinda had a lot of leverage, so we gave it to her. In the end, she quit...much to our relief...about 60 days later. + +Another funny side note....at the closing table we had not agreed on the rent adjustment that would happen year over year on the building they owned that was the business home base. They wanted 3%, I wanted 2%. They didn't want to split the difference. So I said "Lets flip a coin. You win, you get 3%. I win, I get 2%." We flipped. I won. :) + +We learned more lessons on this deal...the most important being that we did not thoroughly vet what the owners told us about the ability of the team to manage the company as the owners stepped away post-sale. It turns out the person we thought was going to be able to step into the GM position, despite his positive attitude and willingness to work HARD at it, was just not in a position to lead that company. So for the first time ever we have had to recruit a new GM. I'm happy to say we just hired a new GM yesterday...and you guys will have to wait a year to hear how it goes in my next yearly update. + +The good news is....even with some challenges at a leadership team level...the company has still performed at the level it was when we bought it. Durable. + +**Acquisition #5 - Flooring company in southern US** + +Since we had 2.5m for acquisition and only spent 600k on the small-ish midwest acquisition, we still wanted to do one more acquisition in 2021. Having 2m sitting in the bank account is no way to earn a good ROI. So we continued to look.... + +I believe in casting a wide net...and one of those things was using a facebook group that is for people in the flooring industry. I post once or twice a year that we are looking to acquire flooring companies...and that turned out to be a good idea. A reader of that forum happened to be in the office of a large, 20+ location flooring retailer in the south...and that owner mentioned he was thinking of selling. Next thing I know I'm getting a "contact us" form fill from our website from the owner saying he's interested in selling his company. Off we go! This one was WILD. 23 locations. 35m revenue run rate (up from 28m previous year) with 3m in EBITDA. + +The company was only 8 years old...but had expanded incredibly quickly. They had put in 20 new retail locations within the first five years, and now had wel over 20 retail locations in one large city. They were the wild west. In some ways they were highly organized, with great training and an ultra-aggressive sales team. On the other hand, their cash management was nuts. Their balance sheet was WAY upside down because of deposits customers put down greatly exceeded their current assets (oh boy...). We knew because of seasonality / holidays, that their cash would "crash" from November to February...so we had to be very careful with how we negotiated the deal. + +Fortunately, the seller was motivated, so we structured the deal as an 8.5m purchase price (2.5x multiple), seller left 2m in cash in the bank since the balance sheet was under water, and we pushed a LOT more owner carryback than normal. Ultimately we put 1m in cash into the deal, 4.5m bank loan, and 3m seller carryback. Our bank required us to keep the other 1m in cash we had as pledge since we went thin into the deal. We all agreed that was the right thing to do though due to the potential for that company to eat through cash from Nov-Feb. + +The due diligence process was wild...because they had no financial person on staff. Getting true due diligence items was a lot of pulling teeth. The owner announced to the entire staff the day after we signed an LOI that "He was selling the company." When we came to town to look at the different locations...normally we'd be there under the guise of being bankers, or insurance agents, or something. Not this one...literally as we are walking through showrooms people are like "Hey its the new owners! Congrats....you got a heck of a business here..." We could have used this as massive leverage to re-negotiate, but didn't. We were happy with the deal. Closed at the beginning of September. + +Post close on this deal has been a wild ride. Cash did indeed crash (as expected) through November-> February from 2m to 200k, but now is cruising back up towards 2m. The team there is SO aggressive and motivated to show that they can run the business even better now that the old owner is gone. They are lighting that market on fire. I would not be surprised to see them book a 45-50m year with 4m ebitda. As always, the first 90-120 days is an adventure to see what you REALLY have with a business...this one is a gold mine. As always...its a reflection of a really strong leadership team. We had no idea how strong this team was. + +**Holding Company** + +Because of the unexpected size and requirements around business #5, we had to scale our holding company as well. We brought on two additional marketing professionals (three total now) that work across the portfolio. We also added a training and development professional so that we can start building great training programs across the portfolio. + +We had our offsite in Cancun to set strategy for the upcoming 1/3/9 years...and set our 2030 goal at 500m in revenue. Considering that we will end this year around 100m rev / 7m ebitda, we are off to a good start. + +We also have discovered that while we can buy companies at a 3-4x multiple...once we get our little entrepreneurial endeavor above 150m rev / 10m ebitda, the multiples in our industry are around 9-11x. That puts us in a good position to be able to have exponential return on our continued acquisitions if we stay in the same industry (which we will). + +At this point, most of the heavy lifting is done by the team. Our President runs all day to day with the portfolio, leaving my wife and I to focus on our quarterly strategic sessions with the portfolio, and getting to increase our travel. + +We are planning to add another acquisition to the portfolio towards the end of Q3 this year. + +**Real Estate** + +We made one big move here...deciding to buy our long term home in Phoenix, where we will relocate to once the kids are out of the house (4 years and counting). We already have a condo there, but we fell in love with a 5.5m modern house up on Camelback mountain....which we could not afford (If we wanted to do another acquisition in 2021). But we LOVED it. So we engaged, found out it was rented most of the time. Asked to meet the property manager, who was a great guy. Found out that property had about 400k/year of rental activity. Still didn't want to put that kind of money down, so told the guy to let us know if he saw any other properties (2-3m) up on the side of Camelback that might be for sale and would make a great rental until we moved down there. + +What do you know...two months later he brought us an off-market deal for 2.7m for an older house (a lot of lipstick on the pig) up on the side of camelback. Stunning views. Had about 200k in rental income per year. We bit. Bought it in April. The same company continues to rent it. It made 175k after fees from when we bought it til the end of the year. We just engaged an architect for the rebuild, and will start new construction in about two years. + +Fun side note...my wife has diamond hands. A month ago our property manager texts and says he has someone who wants to buy our property and will offer 4m, no inspections, all cash. OOOF. I was tempted, but she said hell no. Ultimately I agreed...and I'm glad she has diamond hands. + +**FATFIRE'ish things** + +As our income has climbed, we have done more things to "enjoy the ride" to FATFIRE. Some of those things include: + +* I hired a clothing stylist for Christmas for my wife. She wanted to update her wardrobe...they spent 6 hours doing just that. Total bill was around 11k. Wife couldn't even look at the receipt....she's not used to spending that kind of money (she still doesn't know how much it was). I had to text the stylist to make sure my wife didn't put anything back when she saw the price tag. Totally worth it. +* We got a Business Centurion card...which has some nice perks. Most importantly it has the 50% off all flights when booked with points. Since our businesses generate about 1m amex points her month, we have stepped up our international first class game. +* The Camelback house +* We are taking the kids on a two week European vacation. Blowing a boatload of points...but it is likely the last time we can be assured they will all come on family trips. Staying in The Shard in London...can't wait! + +**Lessons learned over the last year:** + +* I consider myself extremely lucky with some of the talented people my wife and I have around us. Our President is from another planet...he's so good at running the portfolio. Our GM's are crushing it. Fun when you are working with people who love what they do. My wife makes the perfect business partner to me...she sees things very differently and it works well. +* Franchises suck. +* I've had to learn to sit back and relax when the team is doing their work. +* First class / Business class on airplanes is pretty nice. + +**Things I hope to report have happened over the next year when I do my next update:** + +* We flew on ONE private flight. +* Portfolio will have a 140m rev RR projected for 2023. +* I've played at least 50 rounds of golf. + +**Book recommendation:** + +* "Pleased but not satisfied" by D L Sokol...it'll cost you $100 for a hardback but it's worth it + +Remember....the journey to FATFIRE doesn't have to be all work and no play. Learn to enjoy the ride, because you never know when it'll stop. + +Nick +# Overview + +For much of its’ history, Ford ($F) has been a boring dividend stock, yielding between 5% and 10% per year and generally languishing between $5 and $15 a share. Not exactly an inspiring story of growth or innovation. In a sector that hosts charismatic CEOs, exciting newcomers, and glossy new entrants to the industry, selling people on Ford’s potential certainly seems like an uphill battle. I mean… just look at their all-time chart, Ford hasn’t had meaningful sustained price movement since 00-01, and that was in the wrong direction. + +I would like you to forget what you think you know about Ford and begin to look at them in a new light. Ford is no longer the ugly girl at the dance or the fat kid in gym class, but rather Ryan Reynolds in *Just Friends* or Laney Boggs in *She’s All That*. To understand why I think Ford is the most compelling value opportunity in the auto sector today, we’re going to have to look at its maneuverings over the last 3-4 years. + +# New Leadership, New Vision + +**$11B Restructuring Plan** + +In October of 2020, Ford hired its’ new [CEO Jim Farley](https://media.ford.com/content/fordmedia/fna/us/en/people/james-d--farley--jr-.html) who had previously held the title of COO within the company. Farley was the architect behind the company’s [$11B restructuring plan](https://media.ford.com/content/fordmedia/fna/us/en/news/2018/11/26/ford-statement-on-business-transformation.html) that it announced in June of 2018, and it has only accelerated its’ pace under his guidance. By most estimates Ford is about halfway through its plan to restructure the company, which primarily involves cuts to unprofitable sectors and refocusing on profitable ones, as well as investment in future technologies. + +**Trimming of Fat** + +Ford has made a few major moves to shore up losses it was incurring in unprofitable arms of the business. The first, and one which you are probably already aware of, is the discontinuation of many of its sedan lineup in North America. In the middle of 2018, Ford announced that it would be [eliminating the Taurus, Fiesta, Fusion, C-Max, and Focus sedans](https://www.detroitnews.com/story/business/autos/ford/2018/04/25/ford-cutting-car-lineup-earnings/34244867/) from their lineup moving forward. The estimated operating cost savings was $25.5B through 2022, and Ford announced that they would be focusing on their more profitable SUV and pick-up models moving forward. + +Ford also announced in 2021 that it would be largely [exiting the South American market](https://media.ford.com/content/fordmedia/fna/us/en/news/2021/01/11/ford-advances-south-america-restructuring.html), which hadn’t turned a profit since 2012 and in fact accounted for over $5B in losses during that period. They would continue operating at small-scale producing their popular Ranger pick-up and commercial vans but with the closure of their main manufacturing facility in Brazil, Ford finally cut bait in a difficult market for most traditional automakers. + +Ford Europe had a [major redesign](https://media.ford.com/content/fordmedia/feu/en/news/2019/06/27/ford-looks-to-the-future-in-europe--business-redesigned-for-prof.html) under Farley when he was President of Global Markets, slashing underperforming models from its lineup and refocusing on its highly profitable commercial vehicles as well as increasing imports of its iconic models. They also announced a [strong shift toward EVs](https://media.ford.com/content/fordmedia/feu/en/news/2021/02/17/ford-europe-goes-all-in-on-evs-on-road-to-sustainable-profitabil.html) with the goal of selling only electric vehicles in Europe by 2030. + +**EV Investment** + +Here is the section everyone is interested in, and one which GM rightly received a lot of hype for when they announced a [plan to spend $27B on developing EVs](https://www.cnbc.com/2020/11/19/gm-accelerating-ev-plans-with-additional-7-billion-announces-new-pickup.html) and autonomous vehicles by 2025. After that announcement, GM was viewed by many as the front-runner for EVs among traditional automakers. Not to be outdone, Ford announced a [$29B investment in EVs](https://media.ford.com/content/fordmedia/fna/us/en/news/2021/02/04/ford-raises-planned-investment-ev-av-leadership.html) and autonomous vehicles to be spent by 2025. To date, that is the third largest investment in EVs in the world, only falling short of the $86B and $87B investments by the mega-conglomerates VW and HMG respectively. + +**Revival of Valuable IP** + +In the last few years, Ford has refocused much of their business on their greatest hits. They’ve cut unpopular IP from their lineup and re-released the Bronco as well as reworked the Mustang into a crossover EV. In my opinion, this demonstrates a greater understanding of their markets and how to capitalize on their most valuable asset, which is their IP. Their most profitable model, the F-150, will be released as an EV in 2022 or 2023, and I expect that the Bronco will also see an EV model in the next few years as well. I believe that Ford has become a leaner and more focused company within the last 3 years and is set to continue their dominance in pick-ups as well as siphon significant market share in the EV and SUV spaces. + +# The Power of Partnerships + +**Ford, VW, and Argo** + +Ford, along with fellow automotive titan Volkswagen Group, have both taken [large stakes](https://media.ford.com/content/fordmedia/fna/us/en/news/2020/06/02/volkswagen-investment-argo-ai-ford-self-driving.html) in a company dedicated to autonomous driving software called Argo AI. Partnering with a company with considerable resources like VW takes some of the pressure off of Ford to develop this technology solo. While there haven’t been too many details released about this partnership or the progress being made by Argo AI, it is reassuring to know that Ford is actively invested in developing autonomous driving along with another industry leader in VW. + +**Ford and Google** + +In February of 2021, Ford and Google announced a [partnership](https://media.ford.com/content/fordmedia/fna/us/en/news/2021/02/01/ford-google-accelerate-auto-innovation.html) to place Google’s software and technology in all of Ford’s new vehicles beginning in 2023. The operating platform in these new vehicles will be based off of the Android platform and all new vehicles will come equipped with Alphabet products like Google Cloud, Google Maps, Google Assistant, and the Play Store. The addition of a familiar and established operating system like Android will give Ford vehicles a competitive edge over other automakers who try to create and implement their own subpar operating software (\*cough\* Toyota \*cough\*). + +**Ford and Rivian** + +Ford made headlines in April 2019 when they invested in Rivian for an undisclosed stake. What is clear from statements made by both CEO’s at the time is that the investment was both for equity as well as a strategic partnership. A planned vehicle by Ford, which has yet to be announced, will be built on Rivian’s unique [“skateboard”](https://www.forbes.com/sites/edgarsten/2019/04/24/ford-jumps-on-rivians-skateboard/?sh=215fbc2d23ef) platform. This platform consists of “a flat frame that contains the batteries, suspension, motors and braking” on which the cab rests, and theoretically cuts costs in the manufacturing of EVs due to fewer overall parts in assembly. I suspect that this may be the platform used in the inevitable Bronco EV release, due to the striking similarities in the size and styling of the Bronco and the Rivian R1S. It is also possible that Ford may release an entirely new model on the platform, but that is just my hunch. + +The equity stake in Rivian was undisclosed, but I expect that that stake may be worth [between $2B and $5B](https://www.cnbc.com/2019/12/23/rivian-scores-1point3-billion-investment-from-trowe-price-others.html) based on the valuation of Rivian at time of investment (\~$5B-7B) and now (\~$30B-$50B). This equity stake and strategic partnership will serve Ford well in their future development in the EV market. + +# Financials and Valuation + +**Financial Overview** + +2020 was a tough year for many industries and the auto sector was no exception. Ford had 4 consecutive quarters of negative EPS, their YOY revenue fell by almost 20% when compared to 2019, and they had to eliminate their dividend in March 2020 for the first time since 2009 when it was eliminated during the Great Recession, before being reinstated in 2012. So where does this leave Ford now? + +Despite the blow to revenue in 2020, Ford is emerging leaner and better equipped to dominate the market in 2021 and beyond. Revenue decreased 20% in 2020, and Ford had to take on significant new debt to continue financing operations. However that appears to be true for most other major automakers during the pandemic, so I don’t expect this to be a major factor in determining which automakers will be most successful in the future. I expect that 2021 will be a blockbuster year for Ford as revenues increase to pre-pandemic levels (I expect higher earnings in Q3 and Q4), and they continue to develop the most profitable arms of their business. + +**Dividend Reinstatement** + +GM and Ford both eliminated their dividends to survive the pandemic in March 2020, however there is widespread expectation that they will reinstate them sometime this year as revenue begins to pick back up. I personally view this as an incentive to buy Ford before the announcement. If they reinstate their .60 yearly dividend, it would amount to a \~5% annual yield based on the current stock price of 13.37. I expect that the return of their dividend will also attract the return of investors who value dividend stocks which may push the price up further all on its own. I believe this is a mini-catalyst for short term price movement for Ford, and collecting on the dividend won’t hurt either. + +**Comparison to Other Traditional Automakers** + +Generally, I like to look at 4 different ratios to quickly judge the valuation of a company compared to their peers in the same industry. Lets compare Ford’s numbers to their closest 5 competitors (Toyota, Honda, VW, GM, Daimler) to get a sense of how fairly they are currently valued. I’m avoiding comparing Ford to newcomers like TSLA, NIO, etc. because frankly the numbers aren’t comparable. Financial data was gathered from Finviz and Yahoo Finance. + +Quick definitions of the ratios, with respect to current valuation: + +P/S = Share price/Sales per Share (Lower is better) + +Forward P/E = Share price/(Estimated net profit for next year/# of outstanding shares) (Lower is better) + +Debt-to-Equity = Total debt/shareholder equity (Lower is better) + +Current Ratio = Current assets/Current liabilities over the next year (Higher is better) + +Price to Book = Share price/Book value per share (Lower is better) + +|**Ratio**|**Ford**|**Toyota**|**Honda**|**VW**|**GM**|**Daimler**| +|:-|:-|:-|:-|:-|:-|:-| +|P/S|0.39|0.99|0.45|0.53|0.66|0.50| +|Forward PE|8.64|12.92|9.24|10.67|9.49|8.87| +|Debt/Equity|5.27|1.10|0.97|1.71|2.44|2.60| +|Current Ratio|1.20|1.10|1.30|1.12|1.00|1.15| +|P/B|1.73|1.05|0.67|0.80|1.89|1.27| + +&#x200B; + +As you can see, Ford has noticeable strengths and weaknesses when it comes to valuation. Strictly looking at revenue metrics like P/S and P/E, Ford is the most undervalued company on this list. They do however carry the largest debt burden of all of the listed companies, so that is something to keep in mind. I’m not particularly worried about their debt situation, as their Current Ratio at 1.20 indicates that they are in no present danger of being crushed by their debt, and I expect that strong future revenue will allow them to dig themselves out of that hole. + +Compared to GM, who I believe to be their closest competitor, they are trading at a much lower revenue multiple (0.39 vs 0.66). Even accounting for Ford’s higher debt burden, I believe they should be trading closer to a 0.50 multiple, which puts them more in line with other traditional automakers. + +My personal price target: **$17.14/share** + +# 2021 Outlook + +**Massive Demand** + +Ford’s most recent releases the 2021 F-150, the 2021 Bronco Sport, and the 2021 Mustang Mach-E are all flying off dealer’s lots at [record pace](https://www.fool.com/investing/2021/03/05/demand-looks-very-high-for-fords-tesla-fighting-mu/). The auto industry quantifies demand with a specific metric called Time to Turn. This is a measure of how long a vehicle sits on the lot before it is purchased. The industry average Time to Turn is somewhere [around 60 or 70 days](https://www.edmunds.com/car-news/auto-industry/new-vehicle-inventory-swells-in-february.html) for new vehicles. Anything under 20 days generally indicates that a specific model is in very high demand. I’ll list the Time to Turn for Ford’s three new models in 2021 below: + +2021 Ford F-150: 9 days + +2021 Bronco Sport: 13 days + +2021 Mustang Mach-E: 4 days (!!!) + +As you can see Ford’s recent releases have been massive successes so far, and I expect that as the economy continues to recover from the pandemic that demand will only continue to rise for these models. + +**7500 tax credit availability** + +Remember that $7500 federal tax credit that everyone was all excited about when EVs first went to market in the U.S.? Me neither. The reason you may not have heard about this tax credit in awhile is probably due to the fact that the biggest seller of EVs (Tesla) is [no longer eligible](https://www.cars.com/articles/tesla-tax-credit-is-expiring-heres-everything-shoppers-need-to-know-1420700959540/) to receive the credit for purchases of their vehicles. The second biggest seller (GM) is about to lose eligibility at the end of this month. + +The way this program works is that an auto manufacturer is eligible for the credit for their first 200,000 vehicles sold in the U.S. After that, they are only eligible for state-level tax credits which tend to be much smaller if they exist at all. To date, Ford has only sold a measly 10,000 EVs total in the U.S with around 5,000 of their largely unsuccessful Focus EV and 5,000 of their new 2021 Mach-E. That means they have an enormous 190,000 vehicles left for which their purchasers can be incentivized by the tax credit. In my opinion this gives Ford a massive advantage over their closest competitors (GM and Tesla), and in fact, we are already seeing Ford stealing market share directly from Tesla as it appears that [nearly 100% of Tesla’s recent loss in market share is attributable to Ford](https://www.cnn.com/2021/03/04/business/ford-mustang-mach-e-tesla-market-share/index.html). + +Bear Case + +**Chip Shortage** + +As I’m sure you’ve heard by now, semiconductor shortages are projected to be a [massive problem](https://www.washingtonpost.com/technology/2021/03/01/semiconductor-shortage-halts-auto-factories/) for the auto industry as a whole. Recent estimates put nearly[1 million](https://seekingalpha.com/news/3662459-auto-chip-shortage-could-impact-1-million-vehicles-in-q1) new vehicles affected by the shortage in Q1 2021 alone across the entire auto sector. Ford has already had to cut shifts at some of their manufacturing plants because they cannot secure enough chips to produce as many vehicles as they’d like. A few automakers like Toyota and Hyundai had the foresight to maintain their semiconductor supply, and thus their 2021 production will not be affected. The chip shortage will surely cut Ford’s top-line revenue, and it is not expected to ease until late 2021 at the earliest. + +**Battery Supplier Issues** + +In February 2021, the U.S. International Trade Commission [ruled against battery supplier SK Innovation](https://www.reuters.com/article/us-lg-chem-sk-innovation-ford/u-s-itc-criticizes-ford-for-pursuing-sk-innovation-battery-deals-idUSKBN2AX00Z) in their patent battle with competitor LG Chem. SK Innovation is the contracted supplier for batteries for the planned F-150 EV. This caused reasonable consternation among investors who were worried that the F-150 production timeline could be affected. Buried in the ruling however, was a stipulation that SK Innovation could continue to supply Ford with batteries for the F-150 through 2025, which should give Ford time to shift to a new supplier. There is always a chance that the Biden administration overrules the ITC in favor of securing greater production capability for the U.S. Nevertheless, this represents a hurdle that Ford will have to address in the future. + +**Debt Burden** + +There’s no way to sugar coat it, Ford has a ton of debt. They were a relatively debt heavy company prior to the pandemic, and that has only become worse. If you look at the company comparisons done above you can see the relatively high debt-to-equity ratio that ford carries compared to other automakers. The good news is that much of that debt isn’t due in the near future and Ford’s outlook is due to improve significantly from the disaster that was 2020. + +**New Competition (Tesla, Lucid, Rivian, Etc.)** + +This post has already become obscenely long so I’m not going to go into great detail here. You’ve all heard of these companies and how they intend to disrupt the auto sector, costing traditional automakers market share. There is no doubt that there are more players on the field these days, and Ford and GM will not have a virtual monopoly on the American market anymore. I personally only have high hopes for a few of the newcomers, but they still represent one more obstacle on Ford’s path to success. + +**Closing** + +I believe that Ford is currently undervalued and is ready to succeed as a leader in EVs in the future. This does not mean that investing in Ford is a sure thing; parts shortages, a high debt burden, and emerging competition all represent serious threats to Ford’s core business. Nonetheless, I am confident in Ford’s future prospects and consider them to be a strong buy as a long-term investment. + +*Disclosures: I am long Ford at an average cost basis of $10.30. I am not a financial advisor, always do your own due diligence before investing in the market.* +Hello Guys, + +So, for the past few months, I have been evaluating my financial situation and trying to plan an early retirement and I was hoping to get advice on how to plan/achieve that. + +I am 34, working in IT living in Germany, I am single so I am butchered by a high tax class which takes 42% of my salary. + +**Goal: Early retirement and invest from 800-1000 per month for the next 10 years** + +**Here's my situation:** + +* I have a steady net income of 4000 EUR for over a year now + * Living Expenses are around 3000 - so I have 1000 left to invest + * Included in my living expenses, I have bought an apartment beginning of this year as an investment that I pay for also monthly (Not a loan, so no interest here) +* I have 1 high interest loan for my car, but we covered that stupid mistake in that [post](https://www.reddit.com/r/Finanzen/comments/pbwfuo/question_on_high_interest_loans_in_germany/) here + * For this, I will try to pay this ASAP before investing some more +* I have invested 7000 EUR already in "good less risky" Crypto Projects for the long term (ADA, BTC, ETH, MATIC), so I am not touching that for the next 5 years at least + * I know I shouldn't have considering my car loan, but this is where I am now +* I have an emergency fund to cover 5 months of my monthly expenses in m bank + +&#x200B; + +Now, what I want to do is: + +1. Pay off the loan for my car +2. Start investing in stocks/ETF to relatively balance the high risk from my Crypto investment + +What do you think? I would appreciate any tip/advice here. + +Thanks in advance :) +Looking for any advice or prior experiences surrounding buying a next door neighbors house, knocking it down, and expanding your backyard. I have a opportunity to buy my next door neighbors house. I really do not want the house but want the option to expand my yard and redesign my garage/drive way layout. I also want to try to avoid having a developer acquire the property causing me to have to live next to a construction site for a year. Anyone ever run into a similar situation? +Hello everyone, I'm so excited because I just purchased my first piece of land at an auction site. The land is in Cherokee Village, Arkansas. The land isn't that big, it's only about 1 acre, but it overlooks a lake and has direct lake access, which is why I was interested in buying it in the first place. The downside is that I have no idea what to do with this piece of land, and I've never been to Arkansas, can you please help with any ideas? What will it be worth in the future if I decide to keep it? +This selloff is designed by the opposition to be doubt inducing but is actually confidence instilling. Because we know it’s not retail selling. Holders of GME have been through the storm, anyone who made it out the other side and is still here has proven to be a diamond hander. + +So while it admittedly hurts a little bit to see the account balance go down that hurt is outweighed by the happiness of getting shares on huge discount. We’re well under DFV’s last buy in and the picture has become so much more bullish since then. +I strongly believe the following portfolio would beat $SCHD in total return while offering a similar dividend yield in 2022. I’ll check back in a year to evaluate the portfolio. + +Tech: + +1) AVGO +2) NTAP + +Financials: + +1) MS +2) AGM +3) TROW + +Consumer Discretionary: + +1) BBY + +Consumer Staples: + +1) KR + +Energy: + +1) NEE + +Materials: + +1) NUE + +Real-Estate: + +1) CUBE +2) ARE +3) STAG + +Utilities: + +1) AWK +2) AWR +3) CWT + +Communications: + +1) NXST + +Healthcare: + +1) ABBV +2) MRK +3) BMY +4) LLY + +Industrials: + +1) LMT +2) LHX + +One can tweak the percentage allocation to each sector based on their personal preferences. I personally am overweight financials and healthcare. Financials I like as a hedge again rising rates and the healthcare sector has been underperforming despite solid earnings and revenue growth. It’s funny because healthcare has been beating the overall market in the past 10 years but has been lagging on shorter timescales. I expect a valuation-reversion to higher PE’s to produce outsized returns in this sector. +[https://www.reuters.com/article/usa-china-securities/update-2-trump-administration-unveils-move-to-crack-down-on-us-investments-in-chinese-firms-idUSL1N2HY2O7](https://www.reuters.com/article/usa-china-securities/update-2-trump-administration-unveils-move-to-crack-down-on-us-investments-in-chinese-firms-idUSL1N2HY2O7) +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. +Friend of mine lives in a large apartment complex, and recently got a letter saying they were ramping the rent up $60 a week. + +Ridiculous? apparently they knew that as well because after multiple rounds of "I can't afford that" and "I'm sure we can work an alternative out" they dropped it to 'only' $15 a week increase. + +So yeah, leave no increase unquestioned, they will see how much they can get away with, particularly if they have multiple properties as buffer. +I haven't seen a lot of discussion here around the recent I-bond interest rates but [the composite rate is currently at 3.54%](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm#compositerate). + +You can buy up to $10k/year/SSN and you're almost guaranteed to beat inflation every year. +If you use your tax refund you can buy up to $15k, I believe, and you can get paper bonds that can be cashed at any bank. + +It's a great place to store your emergency fund if you want to get more than the 0.x% rate in savings accounts. + +The only caveat is you can't sell the bond within the 1st year and you lose 3 months of interest if you sell before 5 years have passed. +**Update** + +TL:DR + +Ken Griffin is spending lots of money on a guy to become governor who helps support his criminal enterprise and his friends especially this year because they are gonna be fucked soon. Ken has a history of not caring what party they are from as long as he can keep making money with nobody bothering him. + +TL:DA + +Ken is fuk but need guy to be in charge of state to try and make fuk go away but not gonna work because we gain wrinkle. + +Definition of a Front Company + +“This is a term used for an entity, be it an individual or group or organization used to inhibit the identification of an owner or member of another company or organization. In legal proceedings, it is often identified as a cover used to conceal illegal activities. It can be a subsidiary or shell company of a larger company. It is almost always used to hide another company or individual from liability, scrutiny, or negative press.” + +https://thelawdictionary.org/front-company/ + +He is throwing a lot into this. + +“Billionaire Ken Griffin announced Monday that he is donating $20 million to Republican Aurora Mayor Richard Irvin's campaign for governor.” + +It’s okay guys, nothing to worry about . + +“While $20 million may seem like a lot, Griffin's donation is an equivalent portion of his overall net worth as a typical American household donating $88 to a candidate.” + +Funny enough they didn’t bother doing a comparison with his other donations that included stopping a plan to increase taxes on the rich. + +“Griffin has been a financial driving force for conservative politics in Illinois in recent years. State records show that Griffin donated $36 million to former Gov. Rauner's campaigns as well as $53.75 million to the "Coalition To Stop The Proposed Tax Hike Amendment." That organization aimed at defeating a proposed 2020 constitutional amendment to allow the state to institute a marginal income tax structure, like the federal government. The measure was ultimately rejected by voters.” + +https://www.sj-r.com/story/news/politics/state/2022/02/14/ken-griffin-gives-20-million-richard-irvins-illinois-governor-bid/6783073001/ + + +““Richard understands the importance of making business people know that he understands the joint prosperity that comes with a successful business community,” Griffin said in an interview published in February by the Better Government Association. He likened Irvin to Richard M. Daley, Chicago’s Democratic mayor from 1989 to 2011, who was supported by the city’s traditionally Republican business community. + +“The mayor made clear that he had my back, that I could be comfortable making the investment in infrastructure, in talent, and in building Citadel,” Griffin said of Daley in that interview. “I know with Richard Irvin I’m going to have that feeling again.” + +https://www.chicagobusiness.com/government/why-ken-griffin-picked-richard-irvin-illinois-governor + + +““Conspiracy theories aside, Ken’s support for Richard Irvin is solely based on the belief that Mayor Irvin is the best candidate to tackle the severe problems facing Illinois,” a Citadel spokesperson told Bloomberg.” +Sure it is. + +Here is basically what Irvin did + +“Irvin heavily backed Scientel’s effort to build a controversial communications tower reportedly used for high frequency trading over the objections of a competitor and members of Aurora City Council. Critics say Irvin strong-armed aldermen to back the Scientel tower. The council eventually reversed a previous vote and allowed Scientel’s tower to be built.” +https://news.wttw.com/2022/04/21/ken-griffin-s-trading-firm-tied-company-aided-richard-irvin-report + + + + +The CEO on Scientel is a reportedly a friend of Irvin and some time after the case got settled this happened. + +“Its chief executive officer, Nelson Santos, is a friend, according to a person with direct knowledge of the matter. In June 2019, the mayor, a Scientel executive and several other people flew to Puerto Vallarta, Mexico, on a private plane, according to the flight manifest. + +Scientel, Santos and others associated with the company have donated at least $135,500 to Irvin and a political fund run by his former campaign manager, WTTW, the Chicago Public Broadcasting Service channel, reported in March. Many of the donations predate Irvin’s run for governor, state records show. Scientel, meantime, has received millions of dollars’ worth of contracts from Irvin’s city, according to WTTW.” + +https://www.chicagobusiness.com/government/why-ken-griffin-picked-richard-irvin-illinois-governor + +Article showing that the case was settled in May 2019 +https://www.datacenterdynamics.com/en/news/cyrusone-and-scientel-settle-court-case-over-high-frequency-trading-tower/ + +Also this candidate for governor divorced his wife just before announcing his run for governor and this story comes out . She also had donated to his campaign too. + +https://news.wttw.com/2022/04/05/richard-irvin-s-ex-wife-hired-development-firm-receiving-millions-aurora-city-incentives + +“The ex-wife of Aurora Mayor and GOP gubernatorial candidate Richard Irvin works with a development team that stands to receive up to $15 million in Aurora city incentives, with the potential for millions more. + +Crystal Rollins is listed as director of business development and strategy for JTE Real Estate Services, which says on its website it does construction management, property acquisition and development, and property management for the $128 million redevelopment of the city’s long-vacant former Copley Hospital. JTE is part of a group of companies called Fox Valley Developers that came together to land the redevelopment deal. + +JTE is run by Irvin’s former mayoral campaign treasurer Michael Poulakidas. Through a spokesperson, Poulakidas said Rollins joined the company in a full-time position in mid-March and “has had no role in our Aurora-based projects.” + +All the projects currently listed on JTE’s website are Aurora-based.” + +Real convenient for Griffin to have a guy who supports not only High Frequency Trading but also has a connection to real estate in an area frequented by his cartel. + +More on Scientel and Citadel connection. + +“After the WTTW News report on the relationship between Scientel and Irvin – and industry rumors reported by Bloomberg that Scientel and Citadel worked together – a Citadel spokesperson told WTTW News the company did not use Scientel’s tower. + +But in Thursday’s story, Bloomberg reports that Scientel has placed communications equipment on another company’s nearby structure – and cites someone with direct knowledge of the deal who said Scientel’s antenna was only used by Griffin’s firm.” + +https://news.wttw.com/2022/04/21/ken-griffin-s-trading-firm-tied-company-aided-richard-irvin-report + + +A quote from conversations between people at the companies + +“Scientel isn’t part of Citadel, but competitors have suspected for years that they work together. + +Those inklings are borne out by an email between the two. Shortly after Scientel bought the land in Aurora in 2016, two of its executives received an email from a person they were working with at Citadel Securities. The network they’d built together was beating the competition, the sender wrote, and a Citadel boss was impressed. + +“We absolutely can’t f*ck this up,” the email from Citadel Securities reads. The goal for Griffin’s firm was to “position ourselves to build a lot more.”” + +And another lie to the pile for Ken +“Citadel Securities, in a statement, said it “has not had any engagement with Richard Irvin on any aspect of its business.” + +https://www.chicagobusiness.com/government/why-ken-griffin-picked-richard-irvin-illinois-governor + +More information on the use of the tower that implies others as well in on Citadel’s scheme. +“When asked in a written question if it was accurate that Citadel Securities was utilizing Scientel’s tower for high frequency trading, Santos wrote back, “that is not accurate,” going on to say that the company does not disclose all of the tower’s uses. Santos would not return follow up calls asking him to clarify his answers. + +CyrusOne’s tower is reportedly used by large trading firms like DRW Holdings, Jump Trading LLC and Virtu Financial.” +https://news.wttw.com/2022/03/28/aurora-company-donated-big-richard-irvin-s-mayoral-campaign-received-millions-city + +Since Virtu Fiancial has been covered before here I will give some background on the other two for anyone who wants to dig more into these. + +Jump Trading + +“Jump Trading was founded in 1999 by two former pit traders, Paul Gurinas and Bill Disomma, who met in the Deutsche Mark pit at the Chicago Mercantile Exchange (CME). While the firm got its start in the open outcry pits, Jump Trading does most of its trading electronically” + +Interesting events in the company history + +“Following the 2010 flash crash, Disomma, Gurinas, and COO Matt Schrecengost met with CFTC chairman Gary Gensler to discuss the definition of spoofing as a disruptive trade practice as well as transparency and access to SEFs. This meeting contributed to regulatory efforts to implement new market rules stemming from the Dodd-Frank Act. + +In April 2014, Jump was one of six high-speed trading firms subpoenaed by New York Attorney General Eric Schneiderman regarding their trading strategies, as well as the special arrangements they may have with exchanges and dark pools. + +In May 2018, Jump was fined $250,000 by the Securities and Exchange Commission (SEC) due to a malfunction in one of its trading algorithms leading to the accidental accumulation of a short position worth hundreds of millions of dollars.” + + +https://en.wikipedia.org/wiki/Jump_Trading + + +Interesting thing they started to plan that got reported last August +“Jump Trading Group, one of the world’s largest high-frequency trading firms, will launch a unit that executes stock orders for individual investors, a business that has grown more lucrative for electronic traders as meme-stock mania has fueled a surge in U.S. retail volumes. + +Executives at Jump told The Wall Street Journal that the firm is setting up a so-called retail wholesaler business. Wholesalers fill buy and sell orders for the customers of online brokerages such as Robinhood Markets Inc. HOOD -2.82% and TD Ameritrade.” + +https://www.wsj.com/articles/high-speed-trading-firm-jump-to-execute-retail-investors-stock-trades-11628760601 + +DRW Holdings + +“DRW was founded in 1992 by Don Wilson, an options trader at the Chicago Mercantile Exchange, and was named after his initials: DRW. The firm utilizes a variety of different strategies, including high-frequency trading, and was a notable subject in Michael Lewis's 2014 book Flash Boys, which describes how several trading firms compete with each other to purchase and establish infrastructure that allows trading advantages at the sub-nanosecond level (latency arbitrage). + +The firm has been the subject of at least one lawsuit by financial regulators. The Commodity Futures Trading Commission, or CFTC, sued Wilson in November 2013 for alleged market manipulation in interest-rate swap futures during 2010 and 2011.The case was dismissed in December 2018 after the court found no evidence of market manipulation by DRW. + +DRW has engaged in the acquisition of several other trading firms and asset portfolios. In 2008, during the collapse of investment bank Lehman Brothers, DRW purchased Lehman's foreign exchange, interest-rate derivatives, and agricultural derivatives portfolios in a fire sale auction.” + + + +Here is history of this CME Building that I have adapted from a comment I did in a [another post](https://www.reddit.com/r/Superstonk/comments/sgaacz/how_would_we_know_if_citadel_was_no_longer_the/huvm5cx/?context=3). Please note I am censoring a link because the first time I posted the original comment it got removed by the automod and I had to message the subreddit mods to get it unbanned. Just check out the comment there to check out the source. + + + +So there's a documentary called ["Wall Street Code"](https://youtu.be/kFQJNeQDDHA?t=1077) and they showed the high frequency trading facilities for the CME(Chicago Mercantile Exchange) in Aurora Illinois that citadel is a part of. + +In a documentary called ["Flash Crash"](https://youtu.be/aq1Ln1UCoEU?t=648) by the makers of "Wall Street Code" they go over how these exchanges have back ups and back ups for the back ups. + +Found this regarding CME and Citadel that I found interesting considering the timing around the market crash in 2008. +https://www.cmegroup.com/media-room/press-releases/2008/10/07/cme_group_and_citadeltolaunchthefirstintegratedcreditdefaultswap.html + +"As a fully integrated trading and clearing solution, the joint venture will provide the following benefits to market participants: + +-- Enhanced liquidity through standardized contracts with fixed coupons for all the leading CDS indices and their underlying single-name components, with OTC market conventions, including credit event procedures; + +-- CME Group's well-established clearing, settlement and risk management capabilities with Citadel's state-of-the-art technology for price discovery, matching engine, and risk management analytics; + +-- Facilities to convert existing bilateral trades to standardized contracts and straight through processing into CME Clearing, reducing bilateral credit risks, outstanding notional balances and capital requirements while providing more flexibility for trading in and out of existing positions..." + + + There’s a history of acquisition with that[ CME building in Aurora to CyrusOne](http://investor.cmegroup.com/news-releases/news-release-details/cme-group-announces-agreement-sell-aurora-ill-data-center). + +Excerpt on the deal + +“As part of the sale, CME Group will enter into a 15-year lease for data center space and will continue to operate its electronic trading platform, CME Globex, from the data center and will offer co-location services there. CME Group will have the ability to expand co-location services within the leased space going forward. The agreement also outlines the ways in which CyrusOne and CME Group will enhance the range of services available to their mutual customers through connectivity, hosting and data offerings” + + CyrusOne(CONE) got bought out and taken private by [KKR&CO &Global Infrastructure Partners on November 15 2021](https://www.reuters.com/business/kkr-global-infrastructure-partners-buy-cyrusone-15-bln-deal-2021-11-15/) + +And for those wondering when Ryan Cohen tweeted the Cone image on February 24 [this](https://investor.cyrusone.com/news-releases/news-release-details/cyrusone-brings-ibm-public-cloud-connectivity-london-i-data) had occurred with CyrusOne on that day but if anybody else finds anything related to it please let me know. + +From the article I linked +“LONDON--(BUSINESS WIRE)--Feb. 24, 2020-- CyrusOne Inc. (NASDAQ:CONE), a premier global data center real estate investment trust (REIT), today announced the introduction of IBM Cloud Direct Link to its London I data center facility in the U.K., near Slough. This news follows existing deployments in the US and Germany, where customers are already benefiting from dedicated, secure, reliable and low latency network connections to the IBM public cloud, often as part of hybrid strategies integrating seamlessly with their own IT infrastructure.” + +So anyway [I found this chart](https://cheaperthanguru.com/portfolio/ken-griffin/KKR/transactions) by Kenneth Griffin with history with the stock ticker KKR. Which shows what looks a like a 7 million pump and dump in 2019. + +This was also filed September 1 2021 for what seems like acquisition of over 7 million shares so could another one happen to it in the future?. +https://www.sec.gov/Archives/edgar/data/1423053/000110465921115065/tm2127490d1_sc13g.htm + +Maybe I’m too smooth brained but if anybody has anything to add on this also please do. + +Henry Kravis and Kenneth Griffin have known each other for years both attending [art galleries](https://observer.com/2015/02/billionaire-hedge-fund-ceo-ken-griffin-donates-10-million-to-the-mca-chicago/) and [major conference before the lockdown](https://www.seo-usa.org/news/seoaicon2020/) . They are also [neighbors in the Hamptons in an area called Meadow Lane](https://nypost.com/2021/10/07/inside-the-billionaire-battle-for-real-estate-s*pr*m*cy-on-meadow-lane/). They have even seen with [Oprah at events](https://www.advisorhub.com/oprah-charms-wall-street-power-lunch-kravis-black/) + + +“Winfrey will get more time with business leaders in May, when she chairs the Robin Hood Foundation benefit, a gathering of about 4,000 people from top banks, hedge funds and Fortune 500 companies. Winfrey attended the event last year, sitting with Kravis and Ken Griffin.” + +[Skipping through this rigged Uno game ](https://www.youtube.com/watch?v=5_f2AEiHY8w) he mentions Kravis at 4:58 by referring to him as “a legend in the industry” . + +Would like to point out that Kenneth talks about what he learned after the 2008 financial crisis starting at 1:44. + + “If you’re gonna run a large balance sheet you either have very long term funding or you need to have access to the FED” + +Kenneth Griffin hired Ben Bernanke as an advisor in 2015 and in a quote said that “ Bernanke's "insights on monetary policy and the capital markets will be extremely valuable to our team and to our investors." + +https://www.chicagotribune.com/business/ct-bernanke-citadel-0417-biz-20150416-story.html + + +As for if Scientel Solutions and Boston Consulting Group have any connections all I could find so far was that they are a part of the [Dallas Regional Chamber](https://www.dallaschamber.org/wp-content/uploads/2019/03/DRC-TopInvestors.pdf) + +[Interesting find from wikipedia](https://en.wikipedia.org/wiki/Dallas_Regional_Chamber). + +“Recent notable speakers before the Dallas Regional Chamber include Federal Reserve Chairman Ben Bernanke,” + +Thanks for reading and please note I may update this with more information if needed. Please check out all the links I think they are worth reading and let me know if I missed something or my smooth brain got wrong. + +**Update** + +Looks like this Nelson Santos dude is a part of an organization called YPO(Young Presidents' Organization) which comes off like some non profit mentorship growth thing but personally looks like some sort of network to share inside information on companies. [This is a topic I had touched upon before](https://www.reddit.com/r/Superstonk/comments/u3qm9z/kenny_admitting_to_using_bcg_to_spy_on_other/i4r2wi7/) in this comment for those curious. + +**Update** + +[Might as well post my other DD](https://www.reddit.com/r/Superstonk/comments/u56jxl/boston_consulting_groupbcg_promoting_blackrocks/) on what I found connecting Boston Consulting Group and Blackrock.The DD mainly deals with the "Aladdin" software used by multiple firms but also includes the links from that previous comment involving a mentorship program called "America needs you" . + +[Charles R. Schwab is listed as a notable member on their wiki](https://en.wikipedia.org/wiki/Young_Presidents'_Organization) + + + +[YPO sounds like a cult for CFO's](https://www.ypo.org/what-is-ypo/) + +"We are the global leadership community of chief executives driven by the shared belief that the world needs better leaders. We come together in YPO to become better leaders and better people. Through YPO, we are inspired and supported to make a difference in the lives, businesses and the world we impact." + +[Seriously is this normal requirements to join an organization where you have to disclose financials off the bat?](https://www.ypo.org/membership-requirements/) + +A Managing Director and Senior Partner at BCG named Michel Frédeau gave a speech at their conference. +https://www.ypo.org/2020/01/trust-vulnerability-sustainability-and-inclusion-whats-on-todays-ceo-mind/ + +Looked for a Blackrock connection and [this was the first article](https://www.forbes.com/sites/stephenibaraki/2021/08/05/ypo-giin-partnership---nearly-500-trillion-global-wealth-prioritizing-impact-in-2021/?sh=7392dd2f1fce) on them from last August. + +"Moreover, CEOs are working on getting added information to make better informed decisions." + +Sounds like an innocent way to say insider trading to me but okay. +But wait there's more from that article + +"YPO is interesting since it’s a highly vetted organization of CEOs. There are more than 30,0000 chief executives across 142 countries with their companies producing $9 Trillion in annual earnings (ranking 3rd if measured across countries in GDP)." + +Very interesting indeed. + +**Update** 2 + +Found 2 people from Blackrock associated with this organization YPO organization but I worry they might get doxxed so I wont post their info for now. + +YPO Pritzker Connection + +Look at that [Robert Alan 'Bob' Pritzker was a part of YPO](https://ypochicago.org/about-ypo-chicago/). The current governor is his nephew. + +[Penny Pritzker is also listed as a notable member.](https://en.wikipedia.org/wiki/Young_Presidents%27_Organization) + +**Another Update** + +[Henry Kravis and Ben S. Bernanke know each other and even attended the same Bilderberg Conference as the markets where starting to crash in 2008 and the mainstream media had a blackout of this event at the time.](https://slate.com/news-and-politics/2008/06/why-isn-t-the-press-corps-more-interested-in-covering-the-bilderberg-conference.html) + +[The meeting took place June 5-8 of that year](https://en.wikipedia.org/wiki/List_of_Bilderberg_meetings) + +Ken Griffin has also attended the event multiple times with some searching showing [2015](https://bilderbergmeetings.co.uk/) and [2017](https://www.bilderbergmeetings.org/meetings/meeting-2017/participants-2017) + +Here is a summary of the annual Bilderberg meetings + +"The Bilderberg meeting (also known as the Bilderberg Group) is an annual conference established in 1954 to foster dialogue between Europe and North America. The group's agenda, originally to prevent another world war, is now defined as bolstering a consensus around free market Western capitalism and its interests around the globe. Participants include political leaders, experts from industry, finance, academia, and the media, numbering between 120 and 150. Attendees are entitled to use information gained at meetings, but not attribute it to a named speaker. This is to encourage candid debate, while maintaining privacy—a provision that has fed conspiracy theories from both the left and right. + +Meetings were chaired by Prince Bernhard of the Netherlands until 1976. The current Chairman is Henri de Castries." + +https://en.wikipedia.org/wiki/Bilderberg_meeting + + +**BIG UPDATE Credit to /u/throwawaylurker012** + +Here it is I will just post it in his words + +"ELI5: there was a lawsuit called PennEast Pipeline Co v NJ where basically SCOTUS tentatively ruled on side of the private co (PennEast) to use federal power of eminent domain (read: tell states go fuck yourself and take their land)" + +"NJ said nah that shit don't work because "sovereign immunity" and SCOTUS ruled 5-4 for PennEast + +so not 100% but think with that ruling (think it got sent back to a district court?) but basically: "If this case already has some Supreme Court precedent, then Griffin having an in with the governor (and CyrusOne) might make it easier for them to roll over on any lawsuit. CyrusOne could just pull the same shit with PennEast and use eminent domain rules to perhaps land grab the spaces most conducive to accelerating their high frequency trading game plan." +Background: I spent my time college being REALLY bad with money, resulting in functionally no savings, no investments, and a really limited budget, which was not fun because I didn't choose to be on the budget, I just had no money. I think there's leftover anxiety from 1) knowing that I was the one who caused the problem, and 2) barely having enough money to survive. + + +I now have a steady job, excellent insurance coverage, an almost-complete emergency fund, no debt, and a budget that I can comfortably stick to. Four months into the job, I'm putting away 40-45% of my salary into savings (high-yield savings account) and around 10% into investments, and I'm planning to gradually move towards a more equal split between the two. + + +I'm staying well on top of my investments and my finances, which is an improvement from whatever I was doing in college. However, even though retirement calculators suggest I'll be able to retire at my desired age, I still find myself constantly worrying about whether I'm putting enough money to retirement. + + +How do I get over this? For anyone who's been through something similar, does it go away eventually? +So you can see the top hedge funds here: [HedgeFundTracker.com](https://hedgefundtracker.com/) + +My checking account is doing better than some these "smart" hedge funds lol... + +Bridgewater, AQR, Man Group, even Renaissance.... All down so much. + +Also, these guys charge 2 and 20... Anyone have any thoughts on what is going with their performance this year? Why so bad? +From my recent haphazard forays into rudimentary economics I have noticed that left and right see the subject of economics very differently. Left leaning economics not only welcome government intervention in the economy, but also advocate for it. Meanwhile right wingers appear to be opposed to government intervention. Which action is best? Also, both sides have opposing explanations for crises and eventualities in the economy. Both of them can't be correct. So my question is simply this: how do we know who is right and who is wrong ? +Been saving like a madman since the beginning of 2015. From a \~$90k wage, paid off a 40k HECS debt (for peace of mind more than anything else), saved $170k cash deposit (lol), $40k ETFs, \~$15k total super concessional contributions. + +Median house prices in Melbourne, over that time, have risen \~280k (if anyone has good numbers in this, please share!), faster than what I've been able to save on a slightly above-median wage while pinching just about every penny. I grew up scarred from my parent's losing virtually all of their assets during the interest rate spike of the early 90's. I'm petrified of debt, and the idea of a massive mortgage. + +How are people like me (wary of debt) meant to compete with people who over-leverage themselves to beyond their eyeballs in this low-interest rate environment, driving up prices further in a cycle of collective insanity? + +This country's economy looks to be propped up on two things: + +1. digging holes in the ground, shipping dug-up dirt overseas without value adding +2. making house prices go *brrrr* + +How is this a rational direction for us to collectively go? + +(edit: Australia slid in the ECI rankings from #23 in 1995, to #72 in 2018; Kazakhstan was #70 in '18. Source: [https://oec.world/en/rankings/eci/hs6/hs92](https://oec.world/en/rankings/eci/hs6/hs92)) + +I know this might not be terribly popular, but damn: + +1. landlords +2. REAs (to hell and back) +3. banks +4. over-leveraged homeowners +5. state and federal governments who won't implement: negative gearing abolition, estate-tax, raising capital-gains tax to at least the labor tax rate, PPOR not being included in asset tests + +This whole farce seems to me like a giant millstone around our national neck. How much time and money are we sinking into paying into boomer's bank accounts through rent-seeking and buying severely over-priced houses and apartments made out of leaky-ass cardboard, rather than investing in what would drive up our productivity and overall *real* wealth: business assets, R&D, and education. + +FWIW, I know my transition to a profession ultimately more productive has been stymied by my fear of falling behind in saving (what good that's been so far..) for my own roof over my head. I'm studying online at night after work, and haven't felt as overwhelmed and deflated as I do now. My whole existence feels like I'm on a hamster wheel, grinding for no reason. Yet, I fully know how lucky I am, and what position of (relative) privilege I'm speaking from - how people can see any hope or any sort of stable future on a below median wage, with less-than-ideal savings rates.. boy, oh boy. + +.. thanks for hearing me out. + +/r + +edit: I honestly didn't expect this to get much attention. Thought this incoherent rant would be downvoted into oblivion the minute I posted it at 3am last night after not being able to sleep. Thanks for a lively discussion! + +edit 2: profanity.. +The U.S. is one of the world’s two largest economies and the center of the English-speaking world. It has the power to tax, the strongest network of alliances and the most powerful military. Yes, it has printed a lot of dollars since 2008, but it also has [taken steps](https://www.frbsf.org/education/publications/doctor-econ/2013/march/federal-reserve-interest-balances-reserves/) to lower the speed at which those dollars circulate. + +Yes, rates of price inflation are likely to be higher for the next two years or so, but already some of the immediate inflationary pressures are abating; lumber prices, for instance, are now [plummeting](https://www.bloomberg.com/news/articles/2021-06-11/lumber-prices-post-biggest-ever-weekly-drop-with-buyers-balking?sref=EP6bV7CS). Over a 10-year time horizon, the U.S. government can [borrow](https://www.bloomberg.com/markets/rates-bonds/government-bonds/us) at a near-zero real rate of interest, hardly a sign of a doomed empire. + +Nor is the U.S. government about to go broke or on the brink of resorting to hyperinflation. The U.S. debt-to-GDP ratio may well hit 200%, but the poorer and smaller nation of Japan is doing OK with similar debt levels. Keep in mind that national wealth, while difficult to estimate, may run as much as six to eight times higher than GDP. So a 200% debt-to-income ratio could mean a debt-to-wealth ratio as low as 25%. That’s hardly the end of the world. Think of how comfortable you’d be if you paid off “only” 75% of your mortgage. + +If anything, crypto is more likely to hurt the currencies of countries that are doing very poorly, [such as Venezuela](https://www.coindesk.com/bitcoin-adoption-venezuela-research). Fiat currency won’t just go away, so over the long run crypto could actually boost the value of the dollar by stifling the rise of potential competitors. Don't downvote this just because it doesn't fuel the confirmation bias, just think rationally. +Don't pay the lazy tax. + +Go cancel that subscription that you cbf cancelling, go return that item you know you aren't using, and go get a replacement for that item that is still broken and still under warranty. + +**Case in point:** I left REST super in 2020 after having my account balance decimated with insurance fees since I joined because of my employer in 2017. I was opted into default insurance at the time (prior to the new legislation preventing this situation for people under 25 with an account balance less than $6000) and it absolutely decimated my small account balance because of my irregular shifts. I really didn't know better at the time nor did I understand what was happening. + +I since moved on from REST to another fund, but I got back into contact with them two weeks ago and explained the situation to them and asked them to refund all of the insurance fees paid to me. They agreed and reopened a new REST account with $490 in refunds that I rolled back out to my current fund. It was so simple but it only took around five minutes of work and will likely result in multiples of that amount by the time I retire. + +Go do something you will thank yourself for later. +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/) + First of all, I want to thank everyone on this sub for helping me with my finances. I'm a long-time lurker here (like many others I assume) and I've been trying my best to digest and apply all your money tips for the past year. And thanks to this sub, not only did I \*finally\* rid myself of my student loan debt, I've also saved enough money to actually pay off my mortgage! + +I do want to ask for some advice. My only problem right now is I’m not sure if it’s a good idea to pay off my mortgage in full. I still have 5 years left (it’s a 15yr plan) and as much as possible, I want to pay it off without extra fees. + +So my questions are 1. Is it advisable to pay my mortgage in advance? 2. Is it possible to not pay for extra fees in case I want to pay off my mortgage earlier? 3. Is the interest rate waived if I decide to finish my mortgage immediately? + +Thank you so much! +# Everyone say hello to the FBI - + +[He is also now holding an xxx amount of shares because he is required to read every DD ](https://preview.redd.it/ma5nb60u2ak71.png?width=725&format=png&auto=webp&s=7d37b5d493883893a4d30122403acda9be108cee) + +Look, I'm not making shit about fuck on a opinion if GG or the SEC/CFTC or any other individual working within those agencies is currently complicit. I'm not saying that they aren't either. We should be pointing out their past associations but I don't think we should be making conclusions either. For sure, they are fucking weird... but that is the industry. We don't have fuck about shit for any actual evidence on specific individuals colluding - yet. So stay hopeful but don't close your eyes and bring up everything you find. I also do find it weird that the SEC has increased how many press releases on individual whistler blower tips and the awards they've claimed for doing so all of a sudden. Obviously, if you find fraud, significant fraud, you should be compensated. But the SEC won't get mad at you for telling other Government agencies... and plus we shouldn't concentrate our Deep DD findings to a single organization - Maybe the SEC staff your tip was submitted to was hungover as fuck when they opened yours and marked it as "retarded" and moved on. IDK? Either way - the FBI (personally I think the coolest of all the agencies... them fuckin rain coats are sick) will listen!!! This is probably the first time in history we have so many retards analyzing anything and everything. + +**EDIT:** was about to go to bed until I got two comment notifications on my phone for this post at LITERALLY THE SAME EXACT TIME saying almost the same fucking thing. Did I hit a nerve with the shills? I didn't research their profiles but damn... that's some coincidence eh? + +https://preview.redd.it/pt94xmn0fak71.png?width=665&format=png&auto=webp&s=3463d4263239780f34bdd68725ba575eb966c55f + +**TLDR 1: If you have submitted any whistler blower complaints to either the SEC or CFTC, you can also submit the same one - via the FBI's tip website. Please remember, the tip website is not a compliant website. Tips should be concise, articulated and accompanied by relevant documents with thoughtful conclusions. Please do not flood the FBI with "wen lambo". You are also under consequence of purgery when submitting a tip - so remain truthful.** + +[**https://tips.fbi.gov/**](https://tips.fbi.gov/) + +&#x200B; + +Look at what this guy on another sub did a few months ago. + +https://preview.redd.it/fcge4pmo2ak71.png?width=727&format=png&auto=webp&s=230ff048aaff71cc33288acd9f16d6f988beb54d + +and of course, you remember [u/MentlegenRich](https://www.reddit.com/user/MentlegenRich/), the guy who went to a friendly gathering of couples and knew one of the ~~wife's boyfriends~~ husbands **was in the FBI?** He ended his post with: + +"He told me that he could give me his contact information and I could share the information with him. He said that he understood a bit of what I had to say only cause he isn't big on finances or the market, **but he knows people who do**, and that by sending him the info rather than submitting it via the FBI site, eyes will get to it faster than waiting in line, having HQ route it, etc. *Additionally, he said that since he works in Chicago, the team he works with will be right there to access information on Citadel since that's where they work!"* + +Honestly, if you haven't seen this post - it is worth a read. + +[https://www.reddit.com/r/Superstonk/comments/p11axx/wrinkles\_assemble\_the\_man\_on\_the\_inside/](https://www.reddit.com/r/Superstonk/comments/p11axx/wrinkles_assemble_the_man_on_the_inside/) + +Ok lets move on to exactly those people within the FBI that are big on finances and the market... + +&#x200B; + +# | DETAILS ON THE FBI'S INVOLVMENT IN FINANCIAL CRIMES | + +I found a report on the FBI from 2008 which includes a lot of statements and actual events from the 2008 financial crisis. I took out the most relevant and interesting parts for you that are interested. + +[Source: A Report From The FBI On Financial Crimes In 2008](https://www.fbi.gov/stats-services/publications/fcs_report2008) + +*The Federal Bureau of Investigation (FBI) investigates matters relating to fraud, theft, or embezzlement occurring within or* ***against the national and international financial community.*** *These crimes are characterized by* ***deceit, concealment, or violation of trust***\*, and are not dependent upon the application or threat of physical force or violence. Such acts are committed by individuals and\* ***organizations to obtain personal or business advantage.*** *The FBI focuses its financial crimes investigations on such criminal activities as* ***corporate fraud, securities*** *and commodities fraud, health care fraud,* ***financial institution fraud***\*, mortgage fraud, insurance fraud, mass marketing fraud, and\* ***money laundering.*** *These are the identified priority crime problem areas of the* ***Financial Crimes Section (FCS) of the FBI.*** + +**Corporate Fraud Stats:** + +* *Through FY 2008, cases pursued by the FBI resulted in 158 indictments and 132 convictions of corporate criminals. Numerous cases are pending plea agreements and trials. During FY 2008, the FBI secured $8.1 billion in restitution orders and $199 million in fines from corporate criminals. The chart below reflects corporate fraud pending cases from FY 2004 through FY 2008 as follows: FY 2004—332 cases; FY 2005—423; FY 2006—486; FY 2007—529; and FY 2008—545 cases.* + +**Securities and Commodities Fraud Stats:** + +* *As of the end of FY 2008, the FBI was investigating 1,210 cases of securities and commodities fraud and had already recorded 357 indictments and 296 convictions. Additional notable accomplishments in FY 2008 include: $3.1 billion in restitution orders; $43.6 million in recoveries; $151.4 million in fines and $84.2 million in seizures. The chart below reflects securities and commodities fraud pending cases from FY 2004 through FY 2008 as follows: FY 2004—987cases; FY 2005—1,139 cases; FY 2006—1,165 cases; FY 2007—1,217 cases and FY 2008—1,210 cases. As of the end of FY 2008, as many as 150 special agents assigned to addressing these crimes.* + +Lmao, yo Gherk look - this document mentions our boy from Credit Suisse lmayooooo + +**Significant Case Highlight** **Credit Suisse (New York City):** + +* *Credit Suisse is a global financial services company, advising clients across the globe in all aspects of finance. ST Microelectronics (STM) is a Switzerland based semiconductor company with annual net revenue of US $9.85 billion in 2006. In 2006, STM invested $400 million with Credit Suisse in what was purportedly securities backed by student loans (to include investment statements); however, the funds were backed with sub prime loans. Credit Suisse tried unsuccessfully to settle the matter for $280 million. The two managers, Eric Butler and* ***Julian Tzolov***\*, have been indicted on securities fraud charges and were arrested in June 2008.\* + +*Now more than ever, the well-being of the global economy rests on the diligent enforcement of laws and regulations designed to ensure the fair and orderly operation of the capital markets.* ***The FBI is not only cognizant of this critical requirement, but is uniquely positioned to help meet the U.S. government’s criminal investigative responsibilities in this area.*** + +*The FBI has also seen the following emerging schemes associated with the downturn of the financial markets during 2008: builder-bailout, short-sale, and foreclosure rescue scams. A real estate* ***short sale*** *is a type of pre-foreclosure sale in which* ***the lender agrees to sell a property for less than the mortgage owed.*** *In the current rapidly declining U.S. housing market,* ***short sales are becoming more and more frequent*** *as banks are faced with taking on more and more homes through the official foreclosure process.* ***A short sale fraud scheme is where the perpetrator uses a straw buyer to purchase and ultimately default on a home loan, creating a short sale situation so that the perpetrator himself can take advantage and purchase the home at a steep discount.*** + +*The FBI works closely with various governmental and private entities to investigate and prevent fraudulent activity in the securities markets. In an effort to help bolster these relationships and optimize workforce needs, many FBI field offices operate task forces and working groups with other law enforcement and regulatory agencies. These agencies include the* ***SEC, U.S. Attorneys’ Offices (USAO), Commodities Futures Trading Commission (CFTC), National Association of Securities Dealers (NASD), U.S. Postal Inspection Service (USPIS), and the Internal Revenue Service (IRS).*** + +&#x200B; + +This is probably the first time in history we have so many retards analyzing anything and everything. The report above mentions that they only had 150 special agents during 2008. WELL SuperStonk has thousands of specially retarded agents! Lets help them out if we can. And please, just to mention - please only submit a tip if you have serious evidence or diligence that you've done. No need to flood the tip line with "The Theory of Everything" over and over. FBI APE already seen that probably. + +&#x200B; + +# | The Senate Has Had Hearings On GameStop, But Is The Rest Of Government Even Aware? | + +OK - SO. Maybe we should...... + +https://preview.redd.it/py6cidy23ak71.png?width=728&format=png&auto=webp&s=0cab2b2e729351e3ac43b4d90b78f99346083ca6 + +Here are the tip/contact links to each, except for the SEC and the CFTC since we already know about them. Also the post office... they deal with enough shit. Just remember, speak to your audience. + +**SEC, U.S. Attorneys’ Offices (USAO)** ***-*** [https://www.justice.gov/usao-ndil/contact-us](https://www.justice.gov/usao-ndil/contact-us) + +**National Association of Securities Dealers (NASD) -** [https://www.finra.org/investors/investor-contacts](https://www.finra.org/investors/investor-contacts) + +**Internal Revenue Service (IRS) -** [https://www.irs.gov/compliance/whistleblower-office](https://www.irs.gov/compliance/whistleblower-office) + +&#x200B; + + +# | BUT WAIT THERE IS MORE | + +[https:\/\/www.justice.gov\/archive\/dag\/cftf\/](https://preview.redd.it/avhjs3f73ak71.png?width=786&format=png&auto=webp&s=8792a9a248c4b798212d440b1fab73480212d1a7) + +Since its establishment by [Executive Order](https://www.justice.gov/archive/dag/cftf/execorder.htm) in 2002, the President’s Corporate Fraud Task Force has worked hard to hold wrongdoers responsible and to restore an atmosphere of accountability and integrity within corporations across the country. Relying both on traditional investigative techniques and on new tools made available by the Congress at the request of the President, the Task Force has punished corporate malfeasance and encouraged corporate transparency and self-regulation. + +The Task Force combines the talents and experience of thousands of investigators, attorneys, accountants, and regulatory experts. Ten federal departments, commissions, and agencies are involved with the Task Force, in addition to seven. + +U.S. Attorneys’ Offices and two Divisions within the Justice Department. This commitment of resources and expertise reflects the Government’s resolve to combat corporate fraud and to foster an environment in which ethical and honest corporate conduct is encouraged and promoted. The Task Force’s expanded roster includes the Federal Housing Finance Agency, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Federal Reserve, the Department of Housing and Urban Development, and the Special Inspector General for the Troubled Asset Relief Program (TARP). The new member agencies represent a continuing focus by the Task Force to crack down on mortgage fraud, particularly with regard to ongoing investigations into securitization fraud. + +https://preview.redd.it/ugv0gcja3ak71.png?width=832&format=png&auto=webp&s=bd3e4fe7e4fa88e63f230a4f0307d787ef957660 + +link to this page: [https://www.justice.gov/archive/dag/cftf/membership.htm](https://www.justice.gov/archive/dag/cftf/membership.htm) \- honestly didn't go through and finding direct contacts but I taught you how to fish. For the most part, it seems like this page is old/not updated since 2002 and 2008. So here are three more "Presidential" financial fraud task forces I found. + +[https://www.fincen.gov/financial-fraud-enforcement-task-force-ffetf](https://www.fincen.gov/financial-fraud-enforcement-task-force-ffetf) + +[https://www.justice.gov/fraudtaskforce](https://www.justice.gov/fraudtaskforce) + +[https://georgewbush-whitehouse.archives.gov/news/releases/2002/07/20020709-2.html](https://georgewbush-whitehouse.archives.gov/news/releases/2002/07/20020709-2.html) + +**TLDR 2:** HAH, got ya to scroll through the entire DD to try to find the second one. Ok well - above you, there are links to other Government officials and Agencies you can contact about your concerns surrounding the market. **God, I wish these Tasks Forces were somehow pro-active, instead of re-active, eh?** + +&#x200B; + +and to end... a fun fact about the North District of Illinois (the one with the arrow pointing to it in the picture above) & Shitadel. Did you know... the Mayo Mansion HQ in Chicago is literally right next door to not only to the Federal US District Court (handles federal cases) BUT ALSO the US Bankruptcy court? + +https://preview.redd.it/pbsej8gd3ak71.png?width=972&format=png&auto=webp&s=4e2c75cf876e8ff1991018a5e83c68e250a05eb8 + +Literally - [a 58 second walk away from the front door.](https://www.youtube.com/watch?v=qonbvIesPfs) + +Ok well, thats all from me writing a posts at 6:10 am... goodnight. + +My name is Wet Dirt Kurt, but you can call me Mud. +I love every one of you apes. From the x to the xxxxx mega whapes. Your resolve, determination, and strength of conviction has been te best ride of my life to date. + +Hedgies r fukcd. + +I need more characters so I like to mention that I still really like the stock + +And I'd also like to thank all of you for the laughs, DD, and occasional titty pic. + + +#RIDE OR DIE APES + +fuck you Ken. Pay us. + +Edit: at parties in the future when they talk about GameStop and the apes who did the fucking it will be all of you they refer to. My thumbs are numb from throwing back upvotes at all of you. +When talking about investing long term, most people rush to recommend people put most of their eggs in the XEQT basket, some mention VFV as well but less often. +Just curious what would make XEQT more attractive than VFV. I bought both but I tend to prefer VFV and XUU based on the wealthsimple info. If I'm wrong can you please enlighten me? +The amount is big enough so that with the right moves you will have a stable return for many years, but the global economy is literally frightening. Everything has become more expensive. Even a real estate investment finds you faced with homes that are overpriced compared to the past. At the same time, you can't leave money in the bank with inflation running rampant. + +What would you choose and why? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +&#x200B; + +[Trading Journal](https://preview.redd.it/ln6rhx70dyk91.png?width=788&format=png&auto=webp&s=e29af847834312c22fe54154e11f080ee583044a) + + + +This is my journal of selling Puts 1.5-2 standard deviations out on Bluechip stocks. The spread sheet is not completely cleaned up but YROBP means yearly return on buying power. The spreadsheet shows the tickers I have sold puts against, the premium I've received and have yet to receive on my open positions, the strike I have sold at, when it was opened, when it was closed, the number of contracts sold, and the amount of cash to secure the short put as well as the buying power required to open the short put. + +So far I have received 838 dollars or 104$ a week on 25,000 dollars which comes out to 21.6% a year. I should note that I have not been fully utilizing 25,000 of buying power so the actual return is less than the average YROBP(Yearly return on buying power). + +My strategy is simple. I scan the S&P 100 and the Nasdaq 100 for stocks with an Implied volatility percentile between 40 and 100. I then sell puts on the stocks of my choosing 2 standard deviations out which is calculated by 2\*(SharePrice \* Implied volatility \* SQRT(ContractDTE/365)). I will sell 30-45-60 DTE. I will take profit at 75%+ if the stock moves sharply up or implied volatility moves sharply down. If the stock moves up and implied volatility moves up then I will recalculate the 2 standard deviation mark and if it is above the previous standard deviation I will roll the put upwards at the same expiration to increase my premium. + +So far I haven't been even close to getting assigned on any of these puts despite big ups and down but the market was overall moving pretty strongly in an upwards direction. I am curious to see how it will perform when the market goes down. + +I also have another 25,000 dollars which I keep to acquire shares if I should ever get assigned on a handful of my puts. You'll see that while i have 50,000 in stock buying power reserved my total liability if all my puts were to be assigned is 200,000. I keep my expirations staggered so that I'll never be able to be assigned more than I can buy in one week. + +The overall idea is to have a system with a lot of winners and a few rare but manageable losers to create consistent theta gang returns. As long as the underlying are secure. + +Let me know what you think. +Talking about Our first project "CataBolt Swap" 🌟 CataBolt Swap official launch date is announced. 30th August is when the lion is out of its den. ⚡✌🏻 The first ever premium Swap! 🎉 Bots and hackers should think twice before making any move! We are gonna kick their asses! 👊🏻💯 We believe everyone deserves a safe playing field and we are dedicated to building a tokenmunity of like-minded projects and people. ☑️CataBolt Swap is a decentralized exchange protocol built on Binance Smart Chain. ☑️To avoid traditional token launch hazards like automated bot trading that can destroy a project before it begins, We have created the world's first decentralized token project whitelist launchpad. ☑️We devised a way to crush destructive bot trading by allowing thousands of people to participate in the project and create liquidity before the bots have a chance to strike on the public Pancake Swap open market. ☑️An innovative exchange helps prevent bot & hacker attacks before they happen.This exclusive platform for emerging tokens provides a safe platform. And the AIRDROPS, Y'all have been waiting for the it! 🤩 So, 28th August it is! 🎉😎 First of Five Snapshots will be taken for qualification for the CataBolt Swap claimed AIRDROPS! 🌟 Also, the Sneak Peek Into CataBolt Swap⚡️ will be on 25th August, Wednesday! In case you've missed the benefits TruBadger gives, here are some: TruBadger Hyper-deflationary reflection token, offering anti-whale system, manual buy backs and Multi-signature wallets. Weekly burns and 3 upcoming projects! 🤩 Ready to rule. 🔥 An ecosystem is a diverse, revenue generating, utility and continuous income stream for the token. + 😎Fully Doxxed Team 💪🏻Hyper-Deflationary token 🕺Reflection with every buy/sell 🐳Anti-whale system 🔥Weekly burns 🥉3 upcoming Projects WHY TRUBADGER?  🤔🦡 ✅ Ecosystem in the making ✅ Longterm investment ✅ Sustainable growth ✅ Short-term delivery of projects ✅ Manual buybacks of TRUBGR tokens on the open market space to increase the value of TRUBGR immediately. Buybacks have done with a generated revenue of the ecosystem. = sustainable value creation over time. ✅ Top-notch support and admin team answering questions and helping you get set up. Here you are not merely a small fish in the deep blue sea. ✅ Community token means the community is asked to vote in major decisions as proven before. ✅ WEEKLY AMAs and Weekly Burns. Listed on: Coin Market Cap: https://coinmarketcap.com/en/currencies/trubadger/ CoinGecko: https://www.coingecko.com/en/coins/trubadger Social media accounts: https://beacons.page/trubadger + +Come check Telegram for more info: + +✅ https://t.me/TruBadgerOfficial + +✅ https://t.me/CataBoltSwapOfficial + Being a Badger, has its privileges! 🎉🤩 +As the title states, it just doesn't make sense to me. If the dollar collapsed, am I supposed to buy milk with swiss francs? For the average investor of moderate financial means, buying a few ounces of gold is all that's possible. If you had millions, I can see buying a bunch as you could utilize it realistically. I just picture the economy in shambles and here I am with my one ounce bar of gold having no clue what to do with it except sell for more "useless paper" - Help me see the light on this +This post has fallen victim to Paragon Coins brigading as well. It was only a matter of time. Please message the moderators of r/CryptoCurrency to request that this post be sticked to the top of the page until the end of their ICO. We need to protect our community from these malicious scammers. + +**Proof of brigading:** http://www.dailymotion.com/video/x5yelpi + +I encourage everyone to head over to the AMA they are holding today to ask the questions that are being posed here: +https://www.reddit.com/r/ParagonCoin/comments/6wc6zc/ama_wparagon_coin_execs_sunday_august_27_1pm_est/ +This is their second AMA thread after they deleted their first thread when it posed questions they didn't like. + +I have never spoken to anyone on their Slack / Telegram. "Ransom to take this post down" claims are completely false. But they do however call everyone who criticizes them a Troll. + + +----------------------------------------------------------------------------------------------------------------------------------- + +Paragon Coin. Their PR team is brigading any post that explains why it is such a scam. I watched this one go from 60+ votes to 0 in a few minutes. + +https://www.reddit.com/r/ethtrader/comments/6w60wr/paragoncoin_is_a_scam_where_did_that_post_go/ + +(from the original) +Full post: +a. Starting off they are faking their numbers and are not sticking to the distribution they planned. +Here is a picture from their website : http://i.imgur.com/oQsnVob.png They said they will cap the amount raised to 5 million dollars between 15th and 25th August. Today is 23rd of August, and they just said they have sold 30 million tokens(22.5 million USD) already. I don't believe in that number to be honest. But they obviously don't care about the number of tokens distributed. +b. The founder behind the idea is actually Egor Lavrov, and not his wife Jessica. He is just using her face and her business to market the idea better. He is the person who has the knowledge about crypto and the internet. He really doesn't have an all good past. I don't mean to be judgemental here. But from all the articles, interviews and his posts from the past are just about money. +I did a little research and found articles(which you can read): http://www.businesswire.com/news/home/20080724005337/en/Innovative-Tattoo-Design-Contest-Tattoolizator.com-Invites-Entrants https://techcrunch.com/2009/12/04/friends-around-me-funding/ (DO Make sure to read the comments on this one ^ ) https://www.volkskrant.nl/archief/decadent-dansen-in-een-strafkamp~a715588/ +c. The guy was married to a model Lourdes E de Lavrov, but hasn't had a good past. He has been convicted in the past and was asked to stay away from his wife for Domestic Violence. http://mugshots.com/US-Counties/Florida/Miami-Dade-County-FL/Egor-Lavrov.68139389.html --- http://i.imgur.com/N3Rgy0Q.png +d. They are promoting and throwing money on marketing it in any way possible. Recently they did an AMA thread which had fake users, fake upvotes, and fake questions posted to make the ICO look good and professional. +https://www.np.reddit.com/r/Iota/comments/6uxipy/iota_paragoncoin_david_s%C3%B8nsteb%C3%B8_jessica_versteeg/ Likely fake users who posted. https://www.np.reddit.com/user/Daveysaves https://www.np.reddit.com/user/remotu https://www.np.reddit.com/user/RixieGhoul https://www.np.reddit.com/user/chroinic420 https://www.np.reddit.com/user/Canna007 https://www.np.reddit.com/user/Aesopfairy999 https://www.np.reddit.com/user/sewic https://www.np.reddit.com/user/DerLexx https://www.np.reddit.com/user/Sebster83 https://www.np.reddit.com/user/ounceofsilver https://www.np.reddit.com/user/DahLeeLah +e. Lastly. If you do a little research into their youtube channels, facebook pages. You see things like: https://www.youtube.com/watch?v=yxZ1TBzv_SM , which is probably a parody of sorts. But still after browsing through any of their social media history, it should become apparent that +all they care about is getting money. +At first I was on the fence when the mods brought up MSM wanted to somehow interview this subreddit but I voted to ghost just like the vast majority did because in my head. What do we have to gain from them and more importantly what the fuck do they have to gain from us? Nothing good would have come from it and today proves it. I have a feeling the "sOuRCeS" or "pEOplLE iN tHE kNOw" is them reading this subreddit because they are lazy as fuck and don't want to do any real research. It never mattered how we would have worked out what all we wanted to say it would have ended up way worse today then it would have. I feel bad for legitimate journalists like Lucy Komisar and others that have had their highly respected job title stained and drug in the mud by these bought and paid for hacks. I seriously can't believe this is how the world has been running this whole time. + +&#x200B; + +Fuck man.... The red pill is a son of a bitch I tell you what but it's all going to change... + +&#x200B; + +Buy - DRS - HODL +I'm from Slovenia. My parents have 100,000 EUR savings in their bank accounts. They want to buy a new house with this money, but won't do it for another year because of personal reasons. + +They are afraid of losing this money (primarily because of all the talk about upcoming inflation) and have asked me to get some advice on the safest way to preserve it until they buy the house with it. They are discussing exchanging the EUR savings into Swiss francs, which they perceive as a safer currency. + +What would be your advice? What would be the safest way to preserve the money you have (in Europe) for a year if you don't want any additional profit, and only want to minimize the dangers of losing its value? +I'm from Slovenia. My parents have 100,000 EUR savings in their bank accounts. They want to buy a new house with this money, but won't do it for another year because of personal reasons. + +They are afraid of losing this money (primarily because of all the talk about upcoming inflation) and have asked me to get some advice on the safest way to preserve it until they buy the house with it. They are discussing exchanging the EUR savings into Swiss francs, which they perceive as a safer currency. + +What would be your advice? What would be the safest way to preserve the money you have (in Europe) for a year if you don't want any additional profit, and only want to minimize the dangers of losing its value? +**Auxective summary:** + +There’s a bunch of boats out there that bring your shit from China to Australia so that you can buy it and put it in your house, or in your Nan’s house. These boat fuckheads are charging way more money for the fun ride from China and sometimes fucking off to Europe or the states instead of here. More importantly, their high prices might make your stonks do bad, so listen up and I’ll tell you what I’ve found out from reading company reports, newspapers and a few tik toks. + + ... + +**What is the global shipping crisis? And how did it start?:** + +Shipping is normally an unprofitable and shitty business to be in with low revenue and huge costs. Last year when covid hit, everyone thought their business was going to be fucked, and shipping was no different, so they put in place strategies to cut costs, and save money. For the shipping industry that meant parking boats offshore and standing down some crews, not making any new shipping containers (because the world was about to be fucked and dead people don’t need to send anything from place to place), and just parking shit where it was, putting everything on standby basically. Of course, within a few months we were all spending our disposable income on pokemon-themed underwear, new TVs, Paint for the DIY birdhouse, Video cards to mine dogecoin and whatever other discretionary and staple goods that are needed and wanted in lockdowns. Suddenly instead of a week in Bali with the lads on the bintangs, we were buying lego deathstars and Spongebob boxer shorts. Demand for shipping went sky high to facilitate all this e-commerce. + +On the supply side, it took a while to spin the shipping industry back up and back to life. There were covid outbreaks at ports, restrictions on crew movement and new customs protocols to navigate, so supply was low. To make matters worse, there was also a lack of shipping containers due to the shipping container fabrication industry winding down, and associated cost cutting. Supply side choked. + +So with global shipping on a knife edge, things starting to get more expensive and some fear in the air, of course a black swan event happened and some dickhead got his boat stuck in the Suez canal. + +https://c.ndtvimg.com/2021-03/if3mlfvc_suez-canal_625x300_27_March_21.jpg + +This caused ports to choke up, and had some boats divert around an entire continent to try and get to their destination, lots of boats stuck waiting and created the spark of fomo needed to really escalate things. In the months since the suez incident shipping container prices have skyrocketed, it now costs over 10k usd to send a container from Asia to Europe which is 500-600% higher than last year and prices continue upwards 5-15% per month. Everyone is bringing forward their shipping exacerbating the problem and driving prices higher and creating huge delays. Some boats are ignoring the Asia to Australia routes for more profitable Europe routes, so even though our shipping is still cheaper than Europe pays, we have big delays. + +... + +**How fucked are we?:** + +While most Australian businesses are directly or indirectly affected by shipping prices, there's some sectors that are far more affected than others. Your speccy miner or biotech company that isn't making any money will be fine (rest easy, Dr Tendies!), as is any SaaS business or anything selling Australian made to Australians. + +The main sector copping the brunt of the problem is of course retail, and depending on what you sell this crisis is either a "little whoopsie" or an "oh fuckity fuck". + +For low margin retailers, if a lot of their goods come from Asia then they're fucked (sorry reject shop, your Thailand toothpaste doesn't look so attractive at $8 a pack). If the business has a mix like Coles/Woolies then presumably prices of overseas goods will have to go up. They can't absorb any of the lost margin so the costs are passed on. + +For higher margin retailers, the effect depends on how big their products are. You can fit a shit tonne of pillowcases in a container but not so many doonas. + +Further complicating things is the supply chain model the business uses. Temple and Webster use a direct drop where suppliers ship directly to the customer without a central distribution warehouse. This is good for them usually because they don't have as many costs, but now they are at the mercy of individual shipping rates, they can't work out a deal for bulk shipping at lower rates and the whole extra cost is passed onto the customer. It's risky AF, and they might find it hard to compete on price until things go back to normal. At the other end of the spectrum someone like Michael Hill has tiny pieces that don't require much space on a boat so they can afford to pony up to get their goods through. + +Breville (don't own these guys but they are a great company) have said they're just going to make everything more expensive to cover costs. If they claim that margin back later then it could be a nice win for them, provided consumers agree to pay their asking price. + +As these ASX retail companies have been reporting FY21 results we only caught the ramping up into the full blown crisis in their numbers, so we haven't got full information about how different companies have been affected, but they have all been calling it out as a risk and we have seen a few of them give plans on how they are going to address the issue. + +.... + +**For those panicking, relax for now, buddy! Here's some things to look for in the annual reports to see if things are under control or not:** + +- how are inventory levels? Is the value of inventory in their assets statement more or less than last year? + +- are costs under control? + +- do they have way more cash than you were expecting? + +- if you go to their online store are a lot of things out of stock? + +- do they have a healthy margin? Has margin decreased? Are their goods that they sell bulky? + +... + +**The Covid lockdowns cherry on the shipping crisis cake:** + +Unfortunately for Australia, we also lucked into a full blown covid crisis right at the same time the shipping crisis hit its apex, so if your retail stock has a terrible online buisiness model, and doesn't have good shipping supply chain sorted out then you're even more fucked (ever ordered some snow globes off therejectshop.com.au?). Everyone is madly trying to get 6-12 months ahead on inventory, but the real snake in the grass is the covid lockdowns. Basically the do or die for a lot of these businesses is December. Will they be open for the Christmas rush? Or do they have to sell online? Christmas is a time when having stores open is super lucrative... if the stores are all closed at Christmas then that's much worse than being closed in July and August. Christmas is money time, bitches! If we do get to that scenario then overall spend will definitely be down, and some retailers with better online presence will crush the competition. It seems like the NSW plan is to try and get open by then, we'll see I guess! + +... + +**Some sobering quotes from Australia's retail execs in this recent round of reporting:** + +"Super Retail Group chief executive Anthony Heraghty, whose company runs stores like Supercheap Auto, Rebel and BCF, told The Age and The Sydney Morning Herald the shipping situation was rapidly getting worse, with big retailers such as his forced to order stock eight to twelve months in advance. “But even if you are buying it eight to twelve months out, the chances of it arriving on time is zero,” he said. “If it’s not in the shed or on the shelf today, for Christmas this year I think the chances of it being [in stock] come that peak time is incredibly remote.” + +"Trading during July 2021 was impacted by government-mandated lockdowns in Greater Sydney, Victoria and South Australia," Nick Scali said. Sales orders were down 27 per cent compared to the same month last year, but still 24 per cent higher than in July 2019. + +"In some of the more extreme cases of business, such as workbenches and garage lifts, the company orders 12 months in advance instead of the usual three months. For hi-tech devices such as in-car entertainment systems, order times have risen to almost a year." - Bapcor + +https://carshippingnews.com/shipping-costs-stock-levels-blow-out-as-supply-chains-buckle/ + +... + +**So how do we make money fucknammit?:** + +Retailers are getting heavily discounted and the tide is bringing down all boats, and we've seen falls of 30% or more in some stocks - the bearish forecasts are for the crisis to continue into late 2022 or early 2023, so even with that worst case scenario in mind, it doesn't warrant a drop of 30% on a quality stock for some extra shipping costs. There should be some bargains to be had if you can find the quiality stocks in amongst the trash. Look for honest reporting of business impact in FY reports, no debt, a long history of revenue growth and great e-commerce. Retail is not the sexy rockets that speculative biotech or penny miners can be, but we have some really amazing global retail businesses in Australia that could provide multiple bags in the long term, so I know a few of you internet randos probably have money in some of them! + +... + +**TLDR:** + +Some retail stocks are in trouble because shipping things is expensive, Covid is making it worse. Careful what you buy, but you might find a bargain if you can pick up an unloved but quality business. + +.... + +**Thanks for reading!** + +Ok, that's my DD on the shipping crisis, I hope you liked it. I actually typed this out twice because reddit nuked it the first time, so fuck you reddit programmers, save my post in the browser cache at least! + +Obligatory rockets to keep the fans happy... + +🚀🚀🚀🚀🚀🚀🚀 +I recently took my 9 year old son and his friend to a local amusement park. (His mom is a single mom and works 60+ hours a week so we try to help them when we can). As typical of amusement parks, you could pay $3 or $4 for a bottle of water but they also had water fountains that were free. We were taking a break and observed a large family one by one refilling their water bottles at the water fountain. My son's friend said "maybe they don't have enough money to buy water" and my son said "maybe they have lots of money and want to keep it that way." + +Fixed typo. +Because yeah, my job pays me based on how hard I work. + + +Because absolutely, finding a better-paying job is pretty easy. + + +Because you bet, all I have to do is "make better financial decisions" and I'll be out of poverty. + + + + + +The people who say these things have no idea what it is like to truly struggle. I'm so proud of how far I have come this year regarding my finances, however, and I'm not letting one or two privilged airheads take that away from me. + + +I got my first credit card. I have been terrified of credit after 2008 and seeing what it did to my family, but I had to do my reading and learn that credit isn't always bad as long as it is used responsibly. + + +I finally have a savings account with one full paycheck in it. It's my first emergency fund, and I'm worried about ever needing to empty it, but I have security in knowing it's there at all. + + +I'm at a job that pays me more than I have ever made in my life. It's not much at all, I'm still making less than $15k/year, but it's a lot to me. I've even held on to this job for over a year, which is amazing for me (autism is hard, y'all). + + +I honestly just wanted some place to rant and let people know how far I've come and how proud I am of myself, despite what some ignorant people have recently said to me. I'm slowly getting better, and I'm so proud, but it's a very long road and I have a long, long way to go. Thanks for reading. + +Edit: This blew up more than I anticipated. There’s a lot being said about what I posted here and I’m not in a space to reply or address it all. All I can say is that I’m constantly learning and adjusting. It’s all anyone should ask of themselves and of the people around them. +Hey everyone, I wasn’t quite sure what sub to ask this on but this one seemed the most appropriate. The title kind of says it all. I’m 20 years old, relatively fit and getting better everyday, no real close friends, pretty disconnected from family, and no SO (not that I’m here for the pity party). I’m going to a community college currently and I’m almost finished with an AA in Psychology. Took me a couple years but I don’t think college is really for me. I’m currently working a minimum wage job with no chance of a promotion (my boss said that herself) and it gets me just enough to put gas in my car and occasionally get a decent meal. I remember in high school we’d always have military people over basically saying you can find your purpose in the military. Would a military career work out in both short term and long term? Just looking for any advice at this point. + +I’m on mobile so sorry for any mistakes. + +Edit: Well this got bigger than expected haha. I just got off work and I want to thank everyone who took some time to help me out. I got a ton of messages, I’ll try my best to respond to each one. Thanks everyone, for the advice and words of wisdom. I have a lot to think about to say the least. + +Edit 2: Just finished reading the last of the messages I got, I really appreciate everyone that took some time to message me and offer advice. Thank you to everyone who shared their story and experiences with me, and thank you for your service. I still need to look into what job specifically I want to do, most people said to look for one that would be useful in the civilian sector. I definitely plan on continuing my education, especially if the benefits help cover it. I’ll spend my day doing some research, responding to some messages, and looking for recruiters. Thanks everyone. +Hi. Just like a PSA. I have friends who recently became landlords and despite my advising them strongly they needed to run background and credit checks, they didn't. Guess how that turned out. I used to work as a property manager and the reality is most folks who turned up, couldn't get approved. I learned quickly not to judge a book by its cover. Lots of lovely, polite people with horrific rental history, credit or criminal past. Let the big complexes who are desperate for tenants be the ones who deal with the bad credit, terrible tenant history, criminal history folks. There are many people out there just hunting for a private landlord who doesn't check and as soon as they're in, they won't ever pay again. My friends looked into their history after the fact, yeah, this is their M.O. exactly. They'll never see a dime meanwhile they're paying the mortgage and water and now for the eviction which will take months. + +Check. Every time. No exceptions. + +ITT: People acting like locking your doors amounts to theft. + +Thanks for the graphic, long death threats. FO. + +Also, lots of people PMing me about having bad credit themselves. Look LOADS of landlords rent to folks with less than perfect credit / criminal history / landlord history / income. Honestly I suspect most do. The ones I've worked for DEFINITELY do. The folks that almost no one will rent to are the ones who force an eviction immediately after moving in, never intended to pay once they got tenants rights and trash the house on the way out and do this REPEATEDLY. I promise they're out there. Tons of folks do this shit. I get we have a housing crisis but its just insane to think we solve this by having every person who has property to rent play craps with their kids college fund or their retirement savings. + +Also, I get it losers. The proletariat is going to rape my eye holes while I watch my family bleed out. You don't need to keep messaging me that. I've already gotten the message. I suspect you're the same assholes out there trashing houses, destroying people's nest egg / retirement funds / kids college funds / lives. + +If y'all don't want to fear the front page, upvote this: [https://www.reddit.com/r/ideasfortheadmins/comments/dm2e8u/ability\_to\_turn\_off\_inbox\_for\_a\_time\_or\_until\_i/](https://www.reddit.com/r/ideasfortheadmins/comments/dm2e8u/ability_to_turn_off_inbox_for_a_time_or_until_i/) +Welcome back! If you were in pain waiting for the weekend to end, I have bad news for you. Next weekend is a long one, with markets closed this Friday. + +Also, be sure to [sign up for our paper trading competition](https://www.reddit.com/r/wallstreetbets/comments/mdz6oc/join_rwallstreetbets_third_annual_paper_trading), it's free and there's lots of prizes to be handed out! + +🙏🥑 +This selloff is designed by the opposition to be doubt inducing but is actually confidence instilling. Because we know it’s not retail selling. Holders of GME have been through the storm, anyone who made it out the other side and is still here has proven to be a diamond hander. + +So while it admittedly hurts a little bit to see the account balance go down that hurt is outweighed by the happiness of getting shares on huge discount. We’re well under DFV’s last buy in and the picture has become so much more bullish since then. +I have been pondering a conundrum that i can’t get a straight answer to but I’m guessing someone here knows (and has lived it). + +I’m currently making $600-700k at a mid to “senior” level product leader at a FAANG (big tech). I feel I have hit some sort of glass ceiling even though I’m a top performer (based on metrics/revenues). I have noticed that folks that move up to Director+ and make > $1M are not necessarily the highest performing. I’ve seen some folks get promoted who miss all of their key metrics but still somehow move up. + +So the question is — what is going on? The party line is you drive impact (revenue) through objective metrics , be a good team lead , mentor others etc. My observation is that is not true in reality when going past a certain level. + +What is actually going on behind the scenes when folks get these promos ? +&#x200B; + +[All dem bois popped off in January 2021 with GME and the rest of the Meme Stock basket](https://preview.redd.it/9v9pjn11laa91.png?width=815&format=png&auto=webp&s=6bce8a602755f777af2846d58555e3bbc9f2afe8) + +Mind you I picked a couple of fucking random stocks straight from FINRA lmfao just using the drop down menu for TOTAL SHARES and googling floats to find inconsistencies, this took all of 6 minutes to accomplish. I no no DD, me burger flipper, me part of the hivemind. + +&#x200B; + +&#x200B; + +[https:\/\/otctransparency.finra.org\/otctransparency\/OtcIssueData](https://preview.redd.it/zszhk52dlaa91.png?width=1177&format=png&auto=webp&s=12cd02ed01ad190b6e9d9eb6c903e8f674ff1231) + +Give it a try, it's sure to be an interesting ride. + +&#x200B; + +https://preview.redd.it/wg80jnabkaa91.png?width=819&format=png&auto=webp&s=af397ae71a7ce0cb7bb0b39bb480b68e59e9fd8f + +I had this lil ol' theory that we could muster up some data and see the real story behind the manipulation using finra otc data. + +&#x200B; + +i just stumbled upon companies with tiny floats having INSANE amounts of trading volume in ATS (Dark Pools) how the fuck does a company with 14.56 million shares outstanding trade 7.25 BILLION shares off exchange, HOLY SHIT. Guess who's trading all these? Tiny ass firms. Shell companies? Perhaps. + +&#x200B; + +https://preview.redd.it/sc6zajk7kaa91.png?width=3333&format=png&auto=webp&s=895651d8cf697ca3f59d99e10266d06e3b2451f5 + +Wanna hear another great COHENCIDENCE? **THEY ALL POP OFF ON THE 7TH OF JULY!** + +&#x200B; + +&#x200B; + +[UBQU](https://preview.redd.it/ahlbnj6ikaa91.png?width=683&format=png&auto=webp&s=cf3ea719336d66a44b31faa17e0c46cc30f05f37) + +&#x200B; + +[RNVA](https://preview.redd.it/g3btv3y6kaa91.png?width=718&format=png&auto=webp&s=0bbe21c3932557212b2f48aeb6d4b2bc6854828c) + +&#x200B; + +[GNCP](https://preview.redd.it/1l9rwptmkaa91.png?width=692&format=png&auto=webp&s=4d3ccc9110dc61660478156b9b2f76a948eac688) + +&#x200B; + +[SRMX](https://preview.redd.it/cxgeb25vkaa91.png?width=693&format=png&auto=webp&s=9e8b37c2e9d32a88f46de555f3058216983a503a) + +&#x200B; + +[NNRX](https://preview.redd.it/cwtv1fzxkaa91.png?width=703&format=png&auto=webp&s=94ae08afcbe661e9560c72fa901ab4698d99701f) + +I'm not very organized, this isn't DD as much as it is what cavemen must've felt when they discovered fire. I'm tired of the Popcorn & BBBY FUD, the closer individuals realize the entire market is fraudulent, the closer to zen they become. + +Remember remember... + +&#x200B; + +https://preview.redd.it/jk6defpzlaa91.png?width=686&format=png&auto=webp&s=93df272f2fb6bdb571d1040d82e3a8a7304fd10b + +Coming soon... JP Morgan is fucked + +&#x200B; + +https://preview.redd.it/j5hn4533maa91.png?width=676&format=png&auto=webp&s=fbd1e4ffef0f655436f61e885e27a0145d587cf9 + +&#x200B; + +[They blocked retail out of participating in OTC markets because if retail caught on and bought cellarboxed stocks, they would've ended up with their legs blown up like Lieutenant Dan!](https://preview.redd.it/e2ghrvwloaa91.png?width=894&format=png&auto=webp&s=5bc8da0f3d808c30a67b0eb730ca50e65ce2df0c) + +P.S. My MOASS song is Knuck if you Buck by Crime Mob, if I could remix that with the 1812 Overture I think that would be nice.[https://www.youtube.com/watch?v=9saEpqhBP5M](https://www.youtube.com/watch?v=9saEpqhBP5M) + +&#x200B; + +TLDR: Burger flipper chooses finra over pornhub and cellar boxed penny stocks with weird trade to outstanding shares ratios (which could actually be those SWAPS archagos and JP Morgan are getting fucking RICO'D for) +# TLDR + +I wrote about [Netflix's recent behavior in my last Potential DD](https://www.reddit.com/r/Superstonk/comments/s9fmaj/potential_dd_gme_netflix/), but I'm willing to bump this up to DD status now. I think someone got margin called. I don't know who, but I think I've found some telltales to help narrow it down. + +# Summary + +Normally, a business will choose the most cost effective, or cheapest, solution. + +The cheapest solution is usually to increase the value of your assets. That's [the BRKA link here](https://www.reddit.com/user/ammoprofit/comments/s2csyh/the_curious_case_of_brka_spy_and_the_ath/). + +Once that doesn't work, they use the next cheapest solution. And the next cheapest solution. And eventually they use an solution that permanently addresses the problem (success), or they run out of choices and fail (margin call). + +I'm not 100% convinced this is because of GME. It could be any number of meme stonks, or something else entirely. But if it's a margin call in a bull market, you would expect to fail because you bet against something that increased in price from roughly one year ago. + +And we are up big from one year ago. + +# Recap + +>Netflix's stock took a $100 dive during 2022-JAN-22 after hours. The news report spins alleged a lack of growth. Whatever. Briefly, Netflix is an amazing tech company, and their market is now competitively saturated. There's a dozen or so streaming services now competing for the same userbase. Long-term growth is no longer on the table for anyone. People will either choose a service and stick with it or pay for a service, binge their show(s) of choice, then move on. The news spin is **complete** crap. +> +>It's up there with all the news cycles' bullshit about Gamestop's NFTs with Gamestop didn't announce anything. +> +>[I previously covered BRKA here](https://www.reddit.com/user/ammoprofit/comments/s2csyh/the_curious_case_of_brka_spy_and_the_ath/). And now I have another juicy tidbit, but I don't have enough yet. I'm not sure what I'm looking at, but I know it's important, and I want to get it on your radars. + +I went on to compare various stocks and found some outlier behaviors. I made some mistakes like swapping F (Ford) and FB (Facebook), but I felt like the stats-less approach was solid. + +# The Meat + +At first, I thought it was a margin call, but couldn't figure out why. Why would someone fail a margin call now when GME's price has been steadily decreasing for months? + +So I woke up, at two in the goddamned morning for no reason, and had an epiphany. + +&#x200B; + +1. The phrase, "scheduled margin call," has been rattling around in my head for months. +2. These entities can roll their debts through various market mechanics, like derivatives. +3. As the underlying asset moves unfavorably away from the debt's original price strike price, or equivalent, it becomes more expensive to roll those debts. +4. These market mechanics have different schedules. Some are quarterly, some are *annual*. + +When we look at the price day to day, we see GME dropping over time. Even when we look quarterly, the price has been decreasing. This is favorable for the shorts. But for the annual short mechanics? We're up \~$80. That's bad for the shorts. + +Regardless of how you're short the stock, whether it's total return swaps, leaps, or puts, they're in the hole $80/share for the annual market mechanics. + +# The Potatoes + +I compared every stock in the S&P 500 to the S&P 500. Here are the outliers. + +[4-Hour View](https://preview.redd.it/avv5q1uvemd81.png?width=1894&format=png&auto=webp&s=e5294f15b1bf4ec9518a28c68782242b724b3a85) + +[Daily View](https://preview.redd.it/w3dsf6bafmd81.png?width=1895&format=png&auto=webp&s=8238ee92f014866f5873771b6fee4a066a606048) + +Group 1: DISCA, SIVB (SPX in yellow) + +[4-Hour View \(DSCA, SIVB\)](https://preview.redd.it/wsfbhx2tfmd81.png?width=1896&format=png&auto=webp&s=f37c853568d707c869fccb7e32f18782bb015acd) + +Group 2: NXPI, AVGO, MCHP, NVDA, AMD, NUE (SPX in yellow) + +[4-Hour View \(NXPI, AVGO, MCHP, NVDA, AMD, NUE\)](https://preview.redd.it/xzy9t26zfmd81.png?width=1895&format=png&auto=webp&s=f37c435620519321ef381e29dedb145d822f0026) + +&#x200B; + +Group 3: MOS, DISH, BRKA, LYB (SPX in yellow) + +[4-Hour View \(MOS, DISH, BRKA, LYB\)](https://preview.redd.it/n727sxnagmd81.png?width=1894&format=png&auto=webp&s=ec2ae8c86d7c69770f03dc509f7cf52a091e14b7) + +Group 4: AMAT, SIVB, GPS (SPX in yellow) + +[4-Hour View \(AMAT, SIVB, GPS\)](https://preview.redd.it/zl03y0eggmd81.png?width=1895&format=png&auto=webp&s=b368df5ca68fbb077ac83d57fc90f43e7807dbb9) + +&#x200B; + +# The Dish + +Go here: [https://www.optionseducation.org/referencelibrary/expiration-calendar](https://www.optionseducation.org/referencelibrary/expiration-calendar) + +Go to August 2021 + +* August 18th, 2021 is the Monthly Volatility Products Expiration Date. (red arrow) +* August 19th, 2021 is the Monthly A.M. settled index options cease trading. (orange arrow) +* August 20th, 2021 is the Monthly equity, index, and cash-settled currency options expiration date and PM settled index options cease trading. (purple arrow) +* August 24th, 2021 is T+2 from August 20th, 2021. + +https://preview.redd.it/qfa78is5lmd81.png?width=1902&format=png&auto=webp&s=093712932d124c11cb31ef28c719bb66f823cb9e + +After Hours and Pre-Market are grey background. Black background is intraday. Arrows point into the date of the intraday. + +T+2 here compares to the Equity, Index, & Cash-settled currency options on an August cycle. The stocks don't really fluctuate. + +&#x200B; + +September and October 2021 are quiet. + +&#x200B; + +Go to November 2021 + +* November 17th, 2021 is the Monthly Volatility Products Expiration Date. +* November 18th, 2021 is the Monthly A.M. settled index options cease trading. +* November 19th, 2021 is the Monthly equity, index, and cash-settled currency options expiration date and PM settled index options cease trading. +* November 19th (Friday) and 22nd (Monday) have the run up, and they short on Tuesday. + +https://preview.redd.it/r20ljsxlmmd81.png?width=1895&format=png&auto=webp&s=cba4c7f842159eeeec5fa9b2defae817574f737d + +If you're looking at T+2 for green days, you're looking at the orange arrow, for Monthly A.M. settled index options cease trading on a November cycle. + +&#x200B; + +December 2021 is quiet. + +&#x200B; + +Now look at January 2022. + +I changed the colors this time to match the calendar below. + +https://preview.redd.it/0q1cajwcgod81.png?width=1893&format=png&auto=webp&s=39f70db01d4a21799443084effe9d431845fedbb + +https://preview.redd.it/usstz43oomd81.png?width=1079&format=png&auto=webp&s=4b80c090ee7bbea37ebeb9a9cb4faefaba6d7d79 + +Not only is it early, not only does GME not move, but four S&P 500 stocks take a beating on *no bad news*? + +* SIVB beat expectations... +* NUE is undervalued and expected to do well in Earnings report next week... +* NVDA has no news... +* AMD has no news... + +Go through the list of the 25 stocks, and see what you find. + +&#x200B; + +Are you seeing the pattern? + +1. SHFs using these derivatives know the schedules in advance. +2. [SHFs push the underlying assets' values up](https://www.reddit.com/user/ammoprofit/comments/s2csyh/the_curious_case_of_brka_spy_and_the_ath/). +3. SHF's counterparty re-assesses the collateral for its notional value (market value less any haircut) to roll the derivative. +4. SHF makes the margin obligations. +5. SHF sells the underlying assets high and reinvests the proceeds. + +Lather, rinse, repeat. + +&#x200B; + +# Dessert + +Except this time lots of stocks in the S&P 500 all took beatings just before the January scheduled margin call, and [Netflix took a dive](https://www.reddit.com/r/Superstonk/comments/s9fmaj/potential_dd_gme_netflix/). I've color coded all 25 stocks the same deliberately. + +https://preview.redd.it/ydw2c7gqqmd81.png?width=1900&format=png&auto=webp&s=29c7f01881fa2279cd51a8fdb9b6390280e13c94 + +I think someone failed a margin call. + +(I also think Credit Suisse rolled Archegos' debt.) + +&#x200B; + +# Sprinkles? + +[https://twitter.com/dlauer/status/1485690593988825094](https://twitter.com/dlauer/status/1485690593988825094) "I just heard a rumor that Melvin is down 25% month-to-date, might be blowing up." + +DLauer is better than FXHedge, right? + +&#x200B; + +[https://twitter.com/Fxhedgers/status/1484619145530404865](https://twitter.com/Fxhedgers/status/1484619145530404865) "Might get news on someone blowing up over the weekend" + +[https://twitter.com/Fxhedgers/status/1484618208069840896](https://twitter.com/Fxhedgers/status/1484618208069840896) "Meltdown Monday coming together SPX" + +May be related. May not be related. Who knows! + +[https://finviz.com/map.ashx](https://finviz.com/map.ashx) + +&#x200B; + +Edit: Added summary! + +Edit 2: Added Sprinkles + +Edit 4: u/ifiwerearichman pointed out... [https://twitter.com/dlauer/status/1485690593988825094](https://twitter.com/dlauer/status/1485690593988825094) "I just heard a rumor that Melvin is down 25% month-to-date, might be blowing up." + +Edit 3: [The market is red like a bloody mary today](https://finviz.com/map.ashx). + +https://preview.redd.it/fbzsfebbjnd81.png?width=949&format=png&auto=webp&s=44406bd516128e44e57dac64fa906a45e9e89050 + +&#x200B; + +So many potential hits... More on potential margin called companies... + +[This comment here](https://www.reddit.com/r/Superstonk/comments/sbukni/melvin_d1_tiger_global_and_more_suffer/hu26636/) from another post lists a bunch of hedge funds not doing great. Again, may or may not be related. Melvin is related. ;) + +* Melvin: [https://www.sec.gov/Archives/edgar/data/1628110/000090571821001492/0000905718-21-001492.txt](https://www.sec.gov/Archives/edgar/data/1628110/000090571821001492/0000905718-21-001492.txt) +* Whale Rock: [https://www.sec.gov/Archives/edgar/data/1387322/000138732221000017/0001387322-21-000017.txt](https://www.sec.gov/Archives/edgar/data/1387322/000138732221000017/0001387322-21-000017.txt) +* Lone Pine: [https://www.sec.gov/Archives/edgar/data/1061165/000090266421004961/0000902664-21-004961.txt](https://www.sec.gov/Archives/edgar/data/1061165/000090266421004961/0000902664-21-004961.txt) +* Tiger Global: TBD +* D1 Capital Partners Onshore LP and/or Dan Sundheim: TBD +I've always noticed that in games like lets say RuneScape, saving really feel like a goal. It becomes very nice to see that first 100k, got into 1million, than to 10, 100, etc. It really motivates. + +However, in real life this is a bit different. I personally have the will to touch it. It doesn't feel like it's really growing (even when it does). I guess in most games you don't really have to pay as much rent as in real life... + +Why do you think this is, based on behavioural economics? +I recently needed to have outpatient surgery. We pay through the nose for good insurance, so it luckily didn't cost me too much out of pocket. But I paid very close attention to the paperwork and knew exactly what I should be charged. + +However, the other day in the mail I got a bill for $150 for the Covid test that the surgery center required before surgery. A charge for the test was never mentioned in my paperwork. It was not optional, and I had choice in where it was done. (I had to drive 40 minutes one way for a 15 second swab). + +Seeing that bill made me feel so angry, and sick to my stomach, and powerless, and betrayed almost. + +The thing is, if I end up having to pay that bill, it's not going to hurt me. It doesn't mean we'll go hungry, it doesn't mean another bill isn't going to be paid, it doesn't mean going into debt. And if I'd known about the charge ahead of time, it wouldn't have changed my decision to have surgery, as my condition had gotten to the point where it was severely impacting my life and ability to work. + +But I have worked SO hard for so many years to dig myself out of debt, and to try and make a better future for my family and there is always that feeling that everything you've built could be destroyed at any minute. + +Sometimes I wonder if I will ever have enough money in savings to feel safe. + +Edit: As for the bill, I was able to discover that the testing facility had never received my insurance information and they will now be billing my insurance, who hopefully will cover it all. +I just purchased my first property. I had quite a bit of equity in my house and still have 20+ years until retirement so wanted to take a chance on an investment property while I still have a steady paycheck. I’ve been going to commercial auctions in my area and can never beat the big guys. They will just keep their hand up until they win. I decided to look elsewhere and eventually came across a building being auctioned by an estate. It’s about 20miles away and I went to check it out. It currently has one store front that is leased by post office (5 year lease at 17400 annually and has been there for a long time.) The other store front needs some cleaning and junk moved out of it but could have potential. The only thing is the town is what some might consider low income and I’m not sure how much interest there is in people opening businesses there. The ones that are there have been there for a longtime. The upstairs has 4 apartments and they are pretty rough. 1 is decent and just needs some TLC but the others are a little intimidating. There is also a block garage on the back side of the property in parking lot and could be well suited for a mechanic shop or similar. There are two garage stalls 23x75 under the building and one could possibly be used for storage. + +I need to get some roof repair done on the back side and hopefully don’t run into more than I can handle. I mainly purchased it because of the post office being there. It wanted to possibly generate some more income somehow. Thought about remodeling one apt and see how it goes. Will probably offer garage up for rent as a shop. A bonus is the building is packed with all kind of antique furniture and store front desks from the early 1900’s. There is also an antique tractor in the garage. I may have to have another auction and possibly make a few grand back right away or use it for repairs. + +Does anyone have any ideas that I haven’t mentioned or possibly just some encouragement because I have t even taken ownership and am already nervous. I’ve built my own house so there isn’t anything I can’t fix. It’s just a rural low income community and I’m not sure how to market the other space. Or should I just keep the post office happy and not to prey about the other space? +The Bonfire has been lit. TL;DR : [https://www.bonfiretoken.co/](https://www.bonfiretoken.co/) + +With all of the recent focus in BSC as we enter the meme coin casino phase of the bull run (if anyone remembers this during the 2017 bull run on ETH memes, you know we’re still in for quite a treat) it’s refreshing to see some good come from all this wanton day trading. + +However, all this back and forth and trying to find the next big thing is ultimately, tiring to say the least. We invest in a coin, and fail to notice suspicious stuff the devs left behind. Large dev wallets, no anti-whale measures, or no locked liquidity - and unfortunately, we suffered from it. + +Bonfire's community is so genuine and excited. + +No massive wallets or whales with 25% of the supply (like Doge surprisingly), and an opportunity for each member of the community to support and assist and truly build something from the ground up as we’ve seen elsewhere. + +In my opinion, Bonfire has crazy moonshot potential, having more than 43000 holders in just 4 days, more than double from yesterday, with a really low market cap of about 25 Million, which has more than DOUBLED from yesterday. + +DETAILS: + +\- Ownership renounced. Liquidity locked. + +\- NFTs being released regularly. + +\- CoinMarketCap and CoinGecko listing coming. + +\- Professional grade website. + +\- Poocoin mobile advert running. + +\- Charity events and merchandise in the works. + +&#x200B; + +TOKENOMICS: + +Market Cap: \~$25,000,000 + +Holders: \~43000 + +Supply: 1000 Trillion + +Tax: 10% tax on every transaction. 5% to holders and 5% to liquidity. + +Slippage: 11-12% + +Telegram: [t.me/BonfireTG](https://t.me/BonfireTG) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +BSCScan: [https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +Poocoin Chart: [https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +Dexguru Chart: [https://dex.guru/token/0x5e90253fbae4Dab78aa351f4E6fed08A64AB5590-bsc](https://dex.guru/token/0x5e90253fbae4Dab78aa351f4E6fed08A64AB5590-bsc) +I have seen many people complaining that Heritage is a conservative think tank and creates the [ranking of economic freedom](https://www.heritage.org/index/ranking) in a way that developed countries will always top it to give a false correlation between economic freedom and economic development. + +So, is Heritage's index of economic freedom a farce or useless? +I have seen many people complaining that Heritage is a conservative think tank and creates the [ranking of economic freedom](https://www.heritage.org/index/ranking) in a way that developed countries will always top it to give a false correlation between economic freedom and economic development. + +So, is Heritage's index of economic freedom a farce or useless? +Hay folks, Its me Binary Enthusiast. I have a pretty strong background in analytics, mathematics, and computer science. + +Now, traditional TA does not work for GameStop because it does not abide by the classic rules of the market. + +In order to analyze this stock I couldn't think like a businessman. It would be useless to take an analytical approach. To see the true data, and discover what was hidden, I had to think like a retard. + +Here is what I found: + +Here is the one year chart for gme. + +https://preview.redd.it/5nxcoxrh0jf81.png?width=449&format=png&auto=webp&s=064a64e102095bad5e6904f22107b959f189999d + +Notice anything? Before each big run up there is a little triangle blip. + +https://preview.redd.it/x7xlvohm0jf81.png?width=449&format=png&auto=webp&s=678cf0097c4356a704dbbf672886ee533a4683e9 + +We just started the mother of all tiny triangle blip formations. If you look at the chart with the tiny circles, the spacing just looks good. You can feel it. Here is another thing I noticed. + +https://preview.redd.it/il0878s31jf81.png?width=449&format=png&auto=webp&s=fde9e96f71c4fc726a2df212ca21ce17c6805a72 + +7 Peaks. Well the first one is slightly off screen, from the initial runup. But its there. 7 peaks... 4 tiny triangle blips... 1 MOASS. It's coming boys. And when it does were gonna need a towel. + +Using some statistical analysis and a custom program I wrote. I simulated 100,000 runups based on the data we have. This data is measured from triangle blip drops, to runs, percent change week to week from each significant event, so on so forth. This is my model. + +https://preview.redd.it/z2i1za0j1jf81.png?width=598&format=png&auto=webp&s=2bfa51075e1bc28c3ff1cf5705f3a2e9b234e187 + +I am 100% confident in this analysis. Tomorrow kicks off the biggest run of our lives. starting tomorrow every day is GREEN! + +Feb 3rd 3:59 pm Edit: After hours counts :P +I begin to try to trade futures and I have no been successful in the slightest. It’s like the TA doesn’t make sense. Like for instance, when I see a rising wedge, I’d expect it to turn around and dip but in futures, it just seems to keep going up and Vice versa. I’ve traded SPY many many times and I’ve been able to do that but with futures, it doesn’t make sense to me. It’s like the chart doesn’t act like how normal trading is. + +Anyone else feel this way? +I am feeling completely overwhelmed with household repair/maintenance, and not sure what I need. We just went through a pool/paver job that took 6 months, a door install fiasco that I am still dealing with one of the big box stores after a full year, a roof repair with a hard to find leak that took nearly 6 months to finish, not to mention some battles with boat repair guys and the trailer repair shop. Now I have a number of jobs coming up including stucco repair/ paint/gutters, a landscape makeover, all new kitchen appliances, a bathroom refresh, and then a bunch of handyman type stuff around the house. After what seems like a never ending battle with incompetent contractors, the whole idea of starting any new projects seems soul crushing. + +I am not really sure how to approach this. Finding a reliable handyman seems like a nearly impossible task. As for the other stuff, its a laundry list of smaller jobs that might not be big enough for a general contractor to do, but just takes forever to schedule everyone, follow up on the work, then follow up on all the inevitable screw ups. + +Do I need a general contractor, a property management company, a personal assistant... etc? I really want a relatively hands off situation, where I am not spending all my days dealing with this shit. Unfortunately, everyone seems to do sub par work (trust me, my standards are not high at all), and after going back and forth with them for months on end, it doesn't seem like hiring them saves me any time over just doing the project myself. + +Mods can remove this if it isn't felt to be relevant to fatFIRE. I posted it here because the recs I get on the normal home improvement subs haven't been that helpful. I am happy to throw money at this problem if it results in higher quality work for my house and/or less stress for me. I just want to be able to enjoy my time off, and that hasn't happened for a long time. +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! + +Not sure if this is common knowledge but I noticed this yesterday when filing my federal taxes yesterday. I had to use TurboTax deluxe because of some additional things I had to add in and I don't want to use paper. They mention that it costs $40. No issue there. When choosing a payment method you have the options of using a card or allowing them to take it directly from your returns. Underneath the latter they mention they would take $40 directly from your returns. What they fail to mention is that it's an additional $40, not the $40 you pay for deluxe. So you'd end up paying $80 in total for choosing this method vs $40 for entering your card info. Caught it when I was reviewing everything. Heads up guys. + +EDIT: My problem with this is that they made it seem like it's a part of the initial $40 not as an additional fee. The language used seems intentionally misleading. + +EDIT 2: First time that I've had to get TT Deluxe. Very new to filing taxes too, sorry if this has been repeated before. It's honestly new information to me. +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! + +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! + +As the title says I'm curious as to what the general sentiment around the housing market is right now. + +People that have been looking are you still looking? + +Is anybody intentionally holding off? Or are you rushing to get into a place? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi All, + + +Early 40s , young kids + +Currently spouse is really burnt out, mostly from the emotional impact of all the political bickering. He is also in unable to focus on health improvements. He wants to quit right away, take a break and find a new place in ~6 months. It will be unusual to find a similar pay and he is also thinking about startups which would probably bring expected pay down to ~300k without equity. + +I am supportive of this, we can CoastFire till we hit the Fire number but wanted feedback on a few decisions: + +1) Should we wait for him to quit till I find a job? Heath insurance plus financial security wise seems safer. + +2) Should we be considering taking a vacation to reset and then quit if it feels the same? + + +EDIT: +Thank you all for your insight. +Next steps: +1. Take a vacation +2. Encourage a daily exercise/walk/meditate habit +3. Encourage him to speak to his exec coach through this decision. Get therapy . +4. Get a game plan from our financial advisor +5. Get a PAL loan line to help with any cash flow crisis +6. Work on me not reacting from a place of fear to changes +7. Start reaching out to network and prepping for me getting back to job market if need be +8. I will not be changing school/home as it is too knee jerk a reaction and will also impact him as he thinks of self as provider. +9. Front load medical checks etc. +10.?? + + +Please send good vibes and your brilliant pieces of advice my way. +It’s officially here. HappyCoin is live in NYC with a **huge billboard** you can see down the entire length of Times Square. +It's big, and it's oh so beautiful. +Despite the bloody market conditions, Happy wants to pave its own way and continue its bullish mission. + + +If that wasn’t enough, how about this to wet the taste buds: + +Two articles are about to be dropped. Yep, you heard that right; **Yahoo Finance + Marketwatch**. With this Happy is officially entering the mainstream space. Everyone is going to be talking about the amazing work the doxxed $HAPPY team has done, with $200k donated to mental health related charities, this is a project that is worth your time. + +**NFT marketplace prototype dropped this week** and has the communityof 75,000 holders buzzing. This is a huge opportunity for artist partnerships and fundraiser campaigns that will allow $HAPPY to continue the incredible work that's been achieved so far, separate from the market. **This is truly a project that has longevity on its side**. + +There’s even talk of potential partnerships with start up organisations to fund projects from the **ground up** and provide boots on the ground support - **A task no other project has yet undertaken**. + +Happy has the branding and message to truly appeal to the everyday consumer. We all know someone who has had their fight with mental health struggles, and $HAPPY is the only token dedicated to the cause. + +More articles are coming next week, along with a MASSIVE video from Jesse Wellens and the Happy team. You can see a teaser on the Instagram highlights page. + +But it gets even better. + +The team is going ahead with another **$20k LIVE** donation to Mental Health America, tonight at **9pm UTC**. + +This isn’t one to miss. I’ll be there, will you? + +[Website](https://www.thehappycoin.co/) + +[Telegram](https://t.me/happy_coinTG) + +[Pancakeswap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +[Yahoo Finance Article](https://finance.yahoo.com/news/happycoin-cryptocurrency-changing-face-online-184500166.html) +Read this in full before you hit the downvote button. + +&#x200B; + +1. He made his first ever Tweet this week and went out of his way to discuss GameStop. +2. He went out of his way to **repeat exactly** what he said in his [May testimony](https://www.sec.gov/news/testimony/gensler-testimony-20210505) + 1. Tweet: “About 6 months ago, **a stock went from $20 to $480 and back down to $40, all in a matter of weeks.** I think these events are part of a larger story about the intersection of finance and technology.” + 2. May Testimony: “We’ve all come to hear the general story: **a stock that went from $20 to $480 and back down to $40, all in a matter of weeks.** It opened at $162 Wednesday of this week.” +3. He also very clearly made another follow-up Tweet at the same time that didn’t get much (if any) traction on here, [linking directly to his May testimony](https://www.sec.gov/news/testimony/gensler-testimony-20210505). Judging by the 95% of the comments in the thread about his first tweet, people seemed to have missed what GG was doing here. +4. What’s special about the May Testimony? He raised all the points we have complained about - **PFOF, % of trades through Off-Exchange and Dark Pools, Firms with Concentrated Marketshare having an unfair advantage and profitability, name dropped Citadel, short-selling and transparency, total return swaps, bad actors taking advantage of social media (and he goes out of his way to preclude retail investors), bad actors also using algos to scrape social media sentiment, transitioning from T+2 to T+0 and system wide risks of one firm failing. He also mentions on multiple topics that he has his team looking into this.** +5. And it’s curious how between his testimony in May up until now, retail unrest has gathered even more momentum and has just amplified. Just imagine the sheer number of complaints that have made their way to SEC and other agencies. *And what does GG choose to do?* Re-iterate what he said before, directly referencing GameStop **and** throw in a link, almost like he is saying *“retail, we do hear you and we are working on it”* without making it a big MSM story. + +Whatever your thoughts on the man himself and the ability of the SEC to do anything useful, I do think people have missed the point of his tweets. GG can’t come out and make direct accusations, just imagine the army of lawyers Citadel and co have ready, and he can’t go around showing his hand too early either. + +* He has to gather evidence for an absolute slam dunk in an area where evidence can be easily hidden +* His team have to write proposals and recommendations +* He has to weed out corrupt employees and undo decades of incompetence +* His new director of enforcement has to put together a case against the most powerful financial institutions around and deal with other ongoing case loads. +* He has to deal with multiple complex issues that he’s raised in his testimony that require a lot of change +* And as we are discovering ourselves, there are new things to discover *every day*. +* But at the same time, he does realise he has a furious retail crowd to contend with, hence the purpose of the tweets. + +I know it’s become a meme about GG being in the job for X weeks but when you see his testimony, the points raised, when they were raised, you begin to understand that the direction him, the new director of enforcement and the SEC are going in is a positive one or at the very least, it’s not some vague rambling but it’s something constructive. + +And it’s genuinely not one that you can change overnight and it’s certainly not one where you show your hand too early. I was actually a big GG detractor before reading the testimony today and when I only saw the first tweet. + +**EDIT**: Let me be clear on one thing. Clarifying the tweets does **not** mean I blindly trust GG. His track record is 50/50 and for GameStop, he’s done nothing yet. I also don’t think he or the SEC will do anything in time for the run-up to MOASS. In terms of improving the market, like Ryan Cohen, in the end I will only judge him on his actions rather than words. But in terms of what he has said, I like it and think he’s headed in a good direction. +If the SHF and MM would have let GME squeeze they would have gotten away with all the fraud and been able to continue their scheme. Since they didn't let it squeeze, people got pissed, did research and have uncovered evidence indicating market-wide fruad, collusion and racketeering. + +Those greedy fuks couldn't let us have anything, now.....I HOPE THEY LOSE EVERYTHING. +After combing through various "apps" and websites to track all of investments finally decided to create a google sheet (might as well give more data to google rather than another VC startup 🙃) + +Currently you can track + +\- Indian stocks + +\- Indian MF + +\- US stocks (purchased through services like Vested, HDFC Global Se et al) + +\- FD + +\- Savings Account + +thinking of adding PPF, NPS, EPF and other generic investment instruments too. + +[https://docs.google.com/spreadsheets/d/1WF26egc0gO5UtWehqglUiZCMsXa9WF0EN4U4jkCIhf8/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1WF26egc0gO5UtWehqglUiZCMsXa9WF0EN4U4jkCIhf8/edit?usp=sharing) + +Let me know if you have any ideas to make this more robust and better :) +Just got me thinking, since the majority of people here still seem to be DCAing into O&G, and consider the EVs and the renewables "a technology of the future, and always will be". + +I get the appeal of oil and gas companies for Canadians. We like slow & steady investments, and oil companies are at their historic lows with high dividend yield. Oil industry also has a big impact on the country (Alberta), its business culture, and the livelihoods of millions of Canadians, so we have a familiarity bias here as well. I get it, I've been itching to buy Suncor for the past few weeks, too. + +But here in the Toronto area, I see more and more Teslas on the road. Hyundai and Volkwagen are introducing their EVs soon, and the Japanese will follow. I feel like the EV hype completely bypassed us here at r/CanadianInvestor due to the reasons cited above, but there are tangible, real-time developments here that spell nothing but trouble for oil. + +I know I am considering EV for my next car. As a pretty young dude, I am starting to be concerned that climate change will bring about drastic, unpleasant changes to the very foundation of our modern civilization by the time I get old, and I think a lot of people are starting to wake up to this possibility. + +On the renewables side, Lazard put out a report showing that solar and wind are now finally only slightly more expensive than gas or coal when it comes to electricity generation. They put this report out on Nov 2019, which is coincidentally when the renewables ETFs like ICLN and TAN started breaking out. + +And there is still the pandemic (I gas my car less than once a month now), a possible Biden presidency, and the Trudeau government that doesn't look like it's going away soon. + +For Canadian oil companies, I am just not seeing the investment thesis here, other than "it's cheap" and "we will still need oil". Well, I thought that for Suncor at $18, but decided to wait until $17, and then to $16... which is where we are at now. And yes, we will still need oil, but it seems like a terrible investment thesis when our need is projected to be drastically cut. + +Just wondering what you guys all think. +Although BTC started to tank a little today, ETH just reached a new ATH around 2920$ it is so exciting to see it moving on its own. This is only good for the future of crypto as a whole. + +Maybe in the future this will change the time we spend at a bear market because not everything's tanking at the same time. +There has been a lot of talk about endless "fearmongering" in the media. Because the media is pushing the fearmongering, share price destroying idea that interest rates can go up. In fact, I was requested to join in on this conversation. At which point I realised that we have a lot of people who were dropped on their heads as a child. Then I wonder why I only realised this now. It's been 2 years people. + +&#x200B; + +You may have at some point attended an educational institution in your teens where you were informed that the Central Bank sets an interest rate. The banks then get their money from them, who then lend it to you. Or maybe they lend them to businesses who of course only use them for useful shit that makes jobs. The circle is now complete, what a functional and not insane economic system. The RBA hasn't raised rates, so why would they? Inflation is a bit high, but it's all just media noise of course. + +&#x200B; + +Only actually, it doesn't fucking work like that. Because what if the bank wants to lend money for shit other than a mortgage, or a mortgage to a dumb fuck like an /r/Asx_bets member. Plus, what the hell is the BBSW? I thought that was what that girl I used to date called herself that complained she didn't fit in my special alone time panties? Also, this place is about the stock market. How does that thing that is for home loans effect the market? Wait, everyone said that interest rates rising talk was a conspiracy to crash the stock market. What is going on? + +&#x200B; + +Put simply. It's not all about you. It's about people with much much more money than you. You know, the ones who own the politicians, own the central bankers, hell they own the professors who "decide" what forms of the nonsense they call economics is legit or not and they even probably own everything not nailed down. It's about them. + +&#x200B; + +Did you notice that sound in March 2020? It made a sound. A loud sound, a lovely sound? It was the sound of Brrrr. Did you notice that the stock market suddenly went up? Way Way up. That's because while you may need to raid your kids money box to buy Zip at $14 a share (it looks like a sure thing), a lot of people don't. The powerful don't need to wait for stuff like savings or investment. They have something else. + +&#x200B; + +They have margin. Margin makes stocks go up...until it doesn't. + +&#x200B; + +Margin is borrowing money to buy stonks. Now where does this loaned money to play on the market come from? Why it comes from the Market of course...obviously. If you're going to hold a stock for 50 years, then margin might not be for you, you need to repay the interest on it, which will dissuade you from buying stonks with it. But if you're going to get in and get out before Tom breaks your legs...well, margin still might not be for you. But if you are willing to borrow money for tiny periods of time, to make huge bets on the market with someone else's money, sell your shit and pay the interest on the period you owned it for. Lets face it, you belong here, you're probably a moron, I still won't say margin is for you. + +&#x200B; + +Now what happens when interest rates are extremely low, a fellow (much richer) better might get a loan from a bank and make their punt. Now, how much interest are they paying, i.e how much are the loaning and how much stonks are they buying? That's a good question. Because they need to convince someone to lend them money. And the bank probably needs to get that money from somewhere. But eventually, the money comes from somewhere and it sure as fuck isn't being lent out at the RBA rate, it's eventually ending up with someone taking out a loan to invest in the fucking stock market. Instead, banks borrow from each other at another rate, called the bank swap rate. This rate and similar ones (called the BBSW, if you've heard of LIBOR, it's very similar. Both in function and dodginess) are often used for mortgage bond interest rates plus a margin. They go up, your house repayments go up and you sure as fuck aren't spending money in the economy anymore. Neither does anyone, since as a mod colleague told me "all this horseshit and near infinite capital available for Australia to take over the world and what did we do? We dumped it all into piles of dirt and put a duplex on top.". As well, this rate, plus whatever extra money the margin lender wants to be willing to maybe lose money on your ass. + +&#x200B; + +So long story short. When interest rates are low, the big players (and even maybe a few of you) can borrow money cheaper, buy more stonks and stonks go up. But not necessarily the RBA rate, it's often the market rate plus some shit. So when they stay low, it's much easier for them to buy shares, raising share prices. Good thing market rates are so low and are staying low. + +&#x200B; + +Here is a nice graph of the bank swap rate I made for you. The top rate is that nice RBA rate, the bottom two are the rates to borrow for 1 month or 2 months. + +[Well look at that, nice and down, then flat at the end.](https://preview.redd.it/wi861h8zk9w81.png?width=2470&format=png&auto=webp&s=964fc6173a3bdd69bb970e32ff72b50d9fc2ad04) + +It's nice and flat now.Why the media coverage? it so so flat. + +&#x200B; + +Wait a fucking minute. At the bottom right corner....Enhance. + +https://preview.redd.it/giue7wtu9dw81.jpg?width=2470&format=pjpg&auto=webp&s=966ffa429e0c26a7a592bd103fa1d99dba478f61 + +ENHANCE! + +https://preview.redd.it/to68sxz4adw81.jpg?width=2451&format=pjpg&auto=webp&s=e1a1c17299f4d554adceafbcd8e32adf194fb8e7 + +ENHANCE! + +&#x200B; + +https://preview.redd.it/wdcq6ef5adw81.jpg?width=851&format=pjpg&auto=webp&s=fb35ae669440e705b4b0e6e478d721836ddceb10 + +&#x200B; + +Oh fuck. + +&#x200B; + +The market doesn't care what the RBA is doing right now. It's doing it's own thing. And it's thing looks like it's getting ready for the olympic ski jump. Because it doesn't meet once a month and it can see that the price of hookers and blow is going up all on their own. + +&#x200B; + +Long Story Short + +&#x200B; + +https://preview.redd.it/jcbhdazaadw81.jpg?width=505&format=pjpg&auto=webp&s=28c7fcf994880f7e1ec52e16afb4a00fe80da342 + +&#x200B; +So last time i posted about some common newb traps I mentioned following internet randos as a trap. + +I hope you all are smart enough not to take what a stranger on the internet says as fact. But let me show you some ways it's possible to mislead without lying. I will also try and show that following someone who has a win or 2 under their belt can be just as harmful as following an internet rando. + +So 1st up, some of you might know I recently sold some of VUL holdings for a little over 20 times what i originally bought them for. Something I take great pride in and honestly never thought would happen to me. But did I REALLY make 20 bags? Depending on how you look at it. Yes or No. + +So back in May 2020 I bought 2989 shares of VUL for 34.5c a share. If I had of sold all of them at $7.102 on Friday that would have been an increase of 20.5 times my original buy in. A true 20 bagger, no questions about that... or is there? My average price showed as higher then 34.5c due to brokerage. So did I make less then 20.5 bags? Technically yes, but i doubt anyone would argue that point. + +I also only sold 1000 shares. Why? Because that was all I was holding. So if I was holding less then my original amount did I really 20 bag? That is a point that could be argued. Why did I sell 1000 because I free carried some shares at $1.10. I also day traded more then a few times on the way up. + +Every time I day traded it bought my visible average up, even if I didnt technically pay anything for the extra shares, or if i sold them all I didnt change the amount of my original holdings. + + [Here is a screen shot of a day trade i did that totally messed up my visible average](https://imgur.com/a/LfHv9Cj) + +You can see that I sold all the shares I bought, but without editing my share price down to 34.5c I would show a much higher average. It is also possible to get free shares day trading. for instance buying 10k worth of shares at $1 then selling 10k worth of shares at $1.20. You still have your 10k (minus brokerage) but you also have a free 2k worth of shares. How you deal with your average share price after that is up to you. You did just get 2k worth of shares for free but do you edit the visible average? I would forgive you for editing it down to the original price but maybe a few wouldn't. + +So why did I go to all this bother typing this out? It is pedantic and semantic and not really helpful. My purpose was to show that even with no ill intentions I could unintentionally mislead you. Imagine if I was trying to gather people to follow my advice and trade like I told them too? + +I could make myself out to be a genius investor. Never stepping wrong, going on rocket after rocket! All you have to do to make money is + + [FOLLOW ME](https://www.youtube.com/watch?v=DmzqRikICQY) + +If you spent any time on Hotcopper day trading forums you will notice a few fuckheads who operate on this exact system. I can't be bothered remembering their names but a few of them get in at every low and out at every high. Always making money but sadly never posting proof. + +Why? Because they are a bunch of fucking slimy scumbags, most of them would happily fuck you over so they could sell their bagheld shares for 1 pip higher. + +Even if someone has a record of picking stocks that go up unless you can see their WHOLE trading portfolio and how they trade EVERY trade it would be very easy to mislead. Only show the winners! Bam genius investor. Then all they have to do is get you to jump on a stinker. They sell to you and they run off with the money. + +I know their are a few out there who live stream their trades. If they win more then they lose then by all means follow them. But please dont do it blindly. If you dont know how to research a company. LEARN. + +It will make you more money in the end. It's really not that hard and it could lead you to a 20 bagger. + +Just because I found one rocket, does not mean I will find another. Just because I found 2 rockets does not mean I will find a 3rd. No one gets it right all the time. I still think SBW is a good company and whilst it did go up after i initially invested it has also gone DOOOOWN. I am currently sitting on a 27% loss with them and that is after averaging down. You cant see my 20 bagger and not see my losses as well. Or if you can and do then you are proper retarded. + +Stay safe out there you joyful autists. + + 🚀 JOIN OUR COMMUNITY AND EXPERIENCE BUYBACK🚀 + + + 🌌 BuyBack is BSC's Next Generation Token. + 🌌 Anti Whale protection, Systemic Organic Growth, Stability. + 🌌 Deflationary Token that gets burned in every transaction. + 🌌 Reflection distribution to instant reward all token holders. + 🌌 Self Funding Ecosystem. + + + +📡Learn More and Join the Community using the links below:📡 + +🎁Telegram 1.7K+ Members: https://t.me/buybacktoken + +🎁Website: https://www.BuyBackToken.com + +🎁BuyBackHubSite: https://buybackhub.gitbook.io/buybackhub/ + +🎁Symbol: $BBT + + + + 🚩Max Supply: 10,000,000,000 Billion Tokens🚩 + + + + 🚩Transaction Fee is 5%🚩 + + 💰How the Transaction Fee is divided and redistributed for financial future growth:💰 + + ✔️ 3.5 % is redistributed back to Buyback Wallet's, empowering the token, liquidity, external investments + + ✔️ .5% Gets reflected proportionally to holders. + + ✔️ .5% To Marketing Wallet - for promoting the token. + + ✔️ .5% Gets burned forever, deflating overall supply. + + + +✨🎉 Redistribution of Funds✨🎉 + + 🚩 The redistribution of funds back into the liquidity pool and to Financial Reinvestment ensures BuyBack will be a self-sustaining token with limitless potential for long term systemic organic growth. + + + +✨🎉 Max Transaction Amounts at Launch✨🎉 + + 🚩The max transaction amounts set during the launch acts as an anti-whale deterrent, while incorporating our addition of liquidity manually to deter any bots as well. Making for a FairLaunch. + + + +✨🎉 BuyBack’s Marketing Strategy✨🎉 + + 🚩BuyBack has its’ own in house experienced financial team and veteran marketing team in place pre launch. BuyBack’s marketing team have been hand selected by its’ head of marketing based on success in previous projects. + + + +Road Map: + + + +Quarter 1: + + [✔️] Concept: Concept Generation – Team Assemble + + [✔️] Research: Proving the concept can work – Strategic Plan – White paper Completion + + [✔️] Design: Social Media Design – Web Design + + [✔️] Launch Campaign: Showing presence on Social Media – Telegram Announcements + + + +Quarter 2: + + [✔️] Alpha Test: Developing the Token – In-house testing of functionalities – Improving the Code + + [✔️] Marketing Operations: Reddit Posts getting prepared – Video production + + [✔️] Finalization: Public Testnet Launch – Finalizing BuyBackv14 – AMA before Launch + + [✔️] Official Launch: Launching on PancakeSwap with two supported Pairs BNB & BUSD + + [✔️] Listing: Applying for Exchanges to get listed – CoinGeko / CoinMarketCap + + + +Quarter 3: + + [✔️] Partnerships: Strategic Utility Partners - Integrating Use cases + + + +Quarter 4: + + [✔️] BuyBack Academy: Hub for Crypto oriented learning – More coming soon + + + +🚀🚀If you love all of the above then come be a part of BuyBack and achieve your own financial success. We look forward to our Journey together.🚀🚀 + +🎁Telegram: https://t.me/buybacktoken + +🎁Website & White Paper: https://www.BuyBackToken.com + +🎁Instagram: https://www.instagram.com/buyback.tokena + +🎁Twitter: https://twitter.com/buyback_token + +🎁Facebook: https://www.facebook.com/BuyBackToken +My check comes in tomorrow and I still have more than $10 in the bank, AND $23 in savings. This is the most I've had the day before payday in all of 2019. + +Thought I'd celebrate with people who won't judge me negatively for only having $10 today. +So...theoretically, for a married couple filing jointly in retirement, if they have no other income other than dividends, then they can earn up to $100,000ish in qualified dividends a year and pay zero money to the government on it, right, once s.d. is factored in? + +This is qualified dividends only. No other source of income. + +If dividends increased and surpassed the limit, then would you have to pay on the entire amount, or only on the amount over? +>Slack CEO Stewart Butterfield claimed earlier this month that Microsoft Teams [isn’t a competitor to Slack](https://www.theverge.com/2020/5/1/21244158/slack-microsoft-teams-competition-stewart-butterfield-comments). In an interview with *The Verge*, Butterfield has revealed that, inside Slack, the company feels that “Microsoft is perhaps unhealthily preoccupied with killing us, and Teams is the vehicle to do that.” +> +>Butterfield sat down with *Verge* editor-in-chief Nilay Patel for a wide-ranging interview that discusses Slack’s battles with Microsoft Teams, the future of Slack, new Slack features, and much more. It’s well [worth a listen](https://www.theverge.com/21269875/slack-ceo-stewart-butterfield-interview-microsoft-remote-work-vergecast). + +Slack bulls and bears, what do you think here ? Is Slack fighting a losing battle here ? +So its begun we are now lifting off from low interest rates and it's good to see they have 6 interest rate hikes planned. It seems like Jpow is going of the measured slow approach which imo is the best approach as there is so much uncertainty these days (Russia, COVID) + +Will be interesting to see what they do with the balance sheet roll off as that will be needed to be addressed soon as it's at 9 trillion + + +https://www.cnbc.com/2022/03/16/federal-reserve-meeting.html +Seeing posts accused of fakes, such as the recent 100M post that was subsequently verified, or [this](https://www.reddit.com/r/fatFIRE/comments/q5kh1c/fake_posts/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) general commentary from tonight, I would like to pose an uncomfortable truth for those that seem to dislike seeing posts from those younger or with higher NW. + +I was accused of LARPing before verification. It was clear from the helpful responses that there are many unverified users with excellent advice that clearly comes from experience. If you have $5-10MM+, it does not stop you from using the internet, or seeking information from a variety of sources. + +In my case, I have no interest in sharing the details of my work, and I'm sure many others feel the same way. For many, this seems to understandably be the reason they read this subreddit, to try to find out how some hit FatFIRE. Unfortunately, for many posters, it is not in their best interests, or interests period, to start career counselling. + +If I were a personal injury attorney with a geographical or professional niche, for example, the last thing I would care to do is draw attention to the area to random strangers on the internet. In my case, if you took my area of expertise, age, general location, and earnings/NW, you would then have a very short list of possible names if you asked any person in the area. Not sharing this information does not equate to LARPing. In fact, it's probably the natural response for many. + +What I don't see are many others I suspect of being HNW wasting time trying to dig up what are likely very rare fakes. +Of course you could run it on your own, but you could also scale it and make it more robust with the resources of a fund. + +Anyone know of anyone who’s done this? +On July 14th, an OTC traded biologics company announced that they would be issuing a **NFT DIVIDEND** for every 100 shares of their stock held. **THAT'S RIGHT, ANOTHER CO LAUNCHED A NFT DIVIDEND RIGHT UNDER OUR NOSES. PRECEDENT SET**: + +Latest details: +https://stockhouse.com/news/press-releases/2021/08/09/ev-biologics-nft-dividend-information + + +Original announcement: +https://www.biospace.com/article/releases/ev-biologics-announces-nft-dividend/ + + +As a reminder, this announcement was within a day or two of the expected creation/go-live, whatever it's officially called, of the GameStop NFT on the E ther network. You've all read plenty on the blockchain basics and how it works but this is the first I'm ever hearing of the NFT concept being used exactly as predicted in the stock market. + + +Even though GME's token has been delayed, I'm dumbfounded that I haven't seen a single post about this until today. It's no longer a pipe dream crayon sniffers...this sht is real! **I'm JACKED...TO THE TITS!** 🤯🔥 + + + +**Credit to u/lightcoffeeman for first finding this** + +**Edit** +u/awesomeusernam3 found another OTC company that announced their NFT Dividend at the end of July. I can't seem to find their investor relations page so just this release for now. These guys are doing 2:1. + +https://www.globenewswire.com/news-release/2021/07/29/2271385/0/en/Black-Dragon-Resource-Companies-Inc-NFT-s-Dividend-Record-Date-and-Payout-Date-established.html +Original article: + +https://www.nme.com/news/music/hundreds-k-pop-releases-removed-spotify-worldwide-2890528 + +> Spotify launched in South Korea on February 1, 2021, but did so without music from artists with licensing deals under Kakao M, including IU, Zico and more. + +> Now, releases distributed by the Korean label have been removed from Spotify around the world. Kakao M distributes a large share of Korean popular music, with 37.5 percent of the songs featured on the 2020 Top 400 Yearly Song Chart from Gaon Music Chart under the company. + +[Also on BBC](https://www.bbc.com/news/entertainment-arts-56237626). + +Kakao M claiming it was Spotify removing it: + +https://www.soompi.com/article/1456887wpp/kakao-m-releases-statement-explaining-that-spotify-was-the-one-to-end-their-licensing-agreement + +> [...] later that same morning, Kakao M countered with its own statement, in which it claimed that Spotify had been the one who chose not to renew their agreement, even after a request on Kakao M’s part. + +While this is clearly over compensation, Spotify needs to rectify this asap. From their [own news release](https://newsroom.spotify.com/2020-02-24/from-bts-to-blackpink-the-power-of-k-pop-has-no-bounds/), K-pop is a huge part of why people use their service: + +> Between January 2014 and January 2020, K-pop's share of listening on Spotify increased by more than 1,800%. + +> Since Spotify released its first K-Pop flagship playlist, K-Pop Daebak, in 2014 (and then a massive hub dedicated to the genre in 2015), there have been more than 41 billion K-Pop streams on Spotify. From rising artists to international collaborations, there’s something for both new and old K-Pop lovers on the platform. + +> Top-streamed K-Pop artists on Spotify include BTS, BLACKPINK, EXO, TWICE, and Red Velvet. In 2019, BTS was the first group from Asia to surpass 5 billion streams on Spotify. And, as of February 2020, the boy band reached a new milestone: more than 8 billion streams (8 billion streams!) on the platform. + +If a resolution can't be reached I think Spotify will be in trouble long-term as whatever service picks it up will siphon a significant chunk of users. +Exactly what the title says. It's obvious.. they're use to retail investors not having the information we do or a place to communicate like reddit.. so now they're pulling every trick in the book whether it be illegal or not to keep their way of life going. + +I'll be honest yesterday was the first day since I've been involved that I actually contemplated selling.. not to spread fud or anything like that we are individuals with lives and mines been through the ringer these last 2 years because of everything I have being invested into gme. Literally my life's been on pause for 2 years and I'm starting to feel crazy my fiance and family absolutely think I'm crazy.. but I know I'm not the only one.. and in my experiences everytime I've given something up I find out the opportunity was right around the corner.. not this time. This time I hold. + +Keep making noise keep buying keep holding and keep DRSing!!! Love all apes!🦧🦧🦧🚀🚀🚀 + +P.S. Not financial advice I'm a retard who loves this stock + +**Damn didn't expect this much reaction I been cleaning my apartment all morning and boy do I feel better!!! I seriously love all of you. This community is the best out there it really is! We are going to change the world** +Hi guys, + +Was wondering with all the layoffs happening at Facebook, Salesforce, etc… is it due to macro events like slower demand due to interest rates? + +If so, how? + +Alternatively, is it just a sector specific thing unrelated to macro events? + +If so, how? + +Was just curious. + +Thanks, Rick +As someone who loves the stock market, I find insider trading activity absolutely disgraceful. Of course there is always a little something going on, and that pisses me off too, but the wide open and public situations where the rich and powerful don’t face consequences for their actions really rubs me the wrong way. Absolutely insulting and demoralizing. +Apart from all the strong points of the Indian Economy due to which India is attracting so much foreign inflows during the COVID-19 period, how much is the effect of global policies for these increased inflows to India? + +What I am curious about is, how the COVID-19 recovery packages in developed countries, have led to increased foreign inflows in India? + +Is it like counter-cyclical policies across the world has made it easier for investors to access cheap money and they find India a preferred investment haven? Also, interest rates across the world are much lower than that in India and maybe once the rates begin to rise, we may see a taper-tantrum of sorts in the emerging economies, like the one in 2013. + +Would love to know what you all think about this. Please forgive any factual inaccuracies in my argument, I am still learning about these things. +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, please excuse me should this post be formatted badly. + +As the title states, I am on a relatively good salary but still struggle to save a meaningful amount. +I’ve been through all my expenses and just can’t work out how I could save more or even just break even regularly. Living on my own. + +**Expenses (mthly)** + +Rent: £750 +I’ve been looking to downsize but all flats in my area are £700 and up. Moving farther would possibly make that £600+ but I’d have to commute more too. One option would be getting a flat mate, as I have a small second bed room. + +Council Tax: £165 +Energy: £110 + +Car loan: £145 +Paying it off in one go wouldn’t save more money as I’d gave to go in my ISA savings, which would mean I’d lose more on my accumulated interest than I’d save on not paying those £145 anymore (12mths left on loan) +Petrol: £100-150 + +Mobile phone: £45 +Same situation as the car + +Pets incl. insurance: £100 + +ISA: £300 +Gym: £40 +Food: £320 + +Thats roughly £2125 of expenses every month, which leaves me with £175 left to spend freely (toiletries, clothes, social events) + + +Am I ridiculously stupid with money? What am I missing? + + +**UPDATE** + +Thanks everybody for your help. It turns out I am mildly stupid with money. + +- Car loan: I’ll take some of my ISA savings and pay off the loan. Of the monthly £145 I save I’ll put £100 extra on the ISA, making it £400 + +- Food: I’ll be more careful and reduce spending, opening up some room to get my 3 months emergency budget sorted. + +- Housing: Not feeling comfortable with the idea of having a flat mate at the moment. I’ll address the other issues first and see how things are + + +Thanks again! +I’m 33. I’ve 15k in a RRSP. that’s it. I’m fiscally illiterate and have been too embarrassed to ask. My Edward Jones associate feels rather useless. I make on average 108k/year before taxes and am taxed at 32% +No sweet clue where to start. Ready to take a step in the right direction. +First, Crypto Apes, if you're truly here, welcome! + +Just because crypto is crashing doesn't mean those that have invested until now are somehow chumps or previously delusional. They didn't crack open a GME Bible this weekend and go, "Holy shit! My life is a lie!" + +No. These are people who have been HODLing and buying the dip since GME was a curly hair on our unjacked tits; unnamed, unloved, unsightly. These folks know volatility and they are tenacious; staring at their markets 24/7/365, manually trading, swapping wallets, shitcoining, staking, and mining. They've seen their version of Robbinghoods, manipulation, and market crashes. Some have seen impressive gains. Others, catastrophic losses. They. Are. Us. + +Just like us, they've had hopes of riches due to equal parts tenacity, patience, balls, and faith. Often they've been investing in a method of responsible consensus that is the seed to the future that we GME Apes want: a fair, honest, accountable, and transparent market. + +IF this Crytpo crash is the gas to our steady flame and their joining in our fight is the weighted catalyst we've been begging for ... Thank them for taking up arms. If they're here, they're moving their resources from one war front to the other. They're not idiots. They're tacticians and they've been aware of us. The whole world has been aware of us. + +Apes together. Apes strong. The smooth brains and ants welcome their digital brother apes. Together, we'll win this. +Close your eyes. It's Friday, the sun is peaking through the curtains and you're eating your Weetabix with no worries on your mind. You're content. + +You sold your GME shares at small loss at the start of the week as you continued to watch the share price plummet due to market manipulation. You got out, you survived. + +It's 9:28am, you're returning from the school run. Your BMW 1 series seats make you feel safe and important. Your house, although small, is affordable and the mortgage repayments don't put too much pressure on your paper wallet. + + +Your phone goes off as you enter the house. You sit on the sofa and turn on NBC as you open Whatsapp. You have 17 unread messages. + + +Your eyes pan up, the news anchor is shouting. You read the title at the bottom of the screen - 'The Short Squeeze Is Happening". Jim Cramer is crying. You quickly open your Whatsapp group chat and only see dollar signs being spammed by your friends. You open Yahoo Finance and see the share price at 600.87, it's still rising. Your heart skips a beat. You open I-phone calculator and work out that your 17 shares would now be worth just over 10,000 US dollars. You feel sick. + + +The share price is still rising. You receive a call from your best friend Mickey, he's crying too. He's telling you about how you were right and he'll be able to pay off his student loan soon. Also his wife is pregnant. You congratulate him with a fickle grin and fake laugh. You look back down at your phone, 828.16. 830.00, 838.26. + +WallStreetBets has crashed due to the traffic. + + +You realise everything you stood for is coming true, but you paper handed too soon. + +You ignored the threads, the experts. You ignored DeepFuckingValue. + +You ignored your god given right to a better life for you and your wifes boyfriend. + + +You try to buy back in, but you have no money. You begin to laugh, and laugh. Despair and anguish turn into humour. + + +You pull the Glock from your $16 AliExpress safe and load it. You hold it to your head, you shiver. + + +You don't pull the trigger. Your paper hands can't do it, and never will be able to do anything of any meaningful value. You drop the gun and admit defeat. + + +As the camera pans out of your window and over your neighborhood, we see Wall St burning in flames in the distance. The transfer of wealth begins, fade to black. + + + +EDIT: DON'T BE THAT GUY 💎💎💎💎💎💎 +Hi all. + +These last couple months have been big in terms of changes. First, I did my taxes for the first time in my life. I ended up getting $4100 back. I gave my fiance $1000 of that (hes a SAHD), spent some of it on groceries, and put the rest in a Money Market (0.15% apy) account through a credit union. I decided I wanted to stop living paycheck to paycheck, and the first step was to avoid spending money just because I have it. + +The second big thing that happened was my fiance and I realized that we both had an eating disorder (binge eating) and that we needed to change that. I also joined a friendly weightloss challenge and have lost almost 25 pounds in a little over a month! I'm set to win the $247.50 jackpot this Thursday (of which I put $10 in). My fiance has also lost around 25 pounds. We feel GREAT. + +One thing I didn't expect from this challenge was seeing how much money we had freed up. My first check of the month, I was able to pay all our utility/medical bills, put $500 in savings, and still have $500 left over. My next check will go towards rent with about $150 left over and then the check following that will go to bills and savings again. + +I am stoked to finally have money lying around and I had this idea to open up a few different savings accounts with different benefits/apy's. It probably sounds weird, but I was going to put money into them at the same time as I paid my bills just to try and make me forget about the money. I also like the idea of having multiple accounts so that if something happens to one, I'm not fucked. + +I was digging around for more info on savings accounts and suddenly I was bombarded with posts/comments saying that it's dumb to put money into savings, that because of inflation that money will lose it's value, etc. I'm a bit heartbroken. Here I thought it was *good* to save, but apparently not? What am I supposed to do with my money if I shouldn't put it into savings? +Because SEC rule 15c3-3(b)(3) is finally going into effect under threat of enforcement. The hedges were given notice 6 months ago in October that they'd start enforcing this rule which: + +>"requires broker-dealers entering into agreements with their customers who lend the broker-dealers fully-paid or excess margin securities to provide the securities lenders with collateral that fully secures the loans." + +&#x200B; + +Look at the shares available to borrow: + +&#x200B; + +https://preview.redd.it/p3xl9v0rnjv61.png?width=1661&format=png&auto=webp&s=3f2bf8705fab5fabab5242ba5923fb6f1f93deac + +Hedges all of a sudden don't want anything to do with them?? This climb is representative of the actual buying pressure on a light day when apes do nothing but hold and hedges aren't able to freely manipulate the stock. But the volume is TINY. We haven't even broken 3 mil at the time of this post. The moment volume starts ramping up, this thing is going to LAUNCH into the stratosphere 🚀🚀🚀🚀🚀 +* Intro: the SEC posted a ridiculous video on its official YouTube channel clearly intended to deter retail investors from investing in "meme stocks." This video has justifiably led to outrage because our tax dollars were used by the government to spread undue FUD. +* The counterpoint: *GameStop is not a "meme stock" so we should not be upset about the ridiculous SEC video*. While I wholeheartedly agree that labeling GameStop a "meme stock" is intended to make us look like idiot investors buying into an unworthy company, the reality is that people associate GameStop with that label whether we like it or not. But more importantly, **in the very first paragraph of the SEC's report on the January 2021 sneeze, it referred to GameStop (and only GameStop specifically) as a "meme stock."** + +&#x200B; + +[https:\/\/www.sec.gov\/files\/staff-report-equity-options-market-struction-conditions-early-2021.pdf](https://preview.redd.it/qwkyfidn1a391.png?width=1324&format=png&auto=webp&s=15d969aa18f049a9439ac9b4d38daa3fefaa97b4) + +* Of course the SEC will likely claim that they were not referring to a specific stock in the video and they were just encouraging research. But given that they had already defined "meme stocks" as specifically including GameStop, that is a loser of an argument. +* So the million dollar question: can the SEC discourage investing into GameStop? Fuck no. This is simply unethical. Federal employees must follow ethical regulations. To make it easy (because it does get complex at times), the government has boiled these regulations down to "14 General Principles." Among them is the following: + +[https:\/\/oge.gov\/web\/oge.nsf\/0\/B97C62717328457B852585B6005A180D\/$FILE\/14&#37;20General&#37;20Priniciples.pdf](https://preview.redd.it/ggeb9trr1a391.png?width=553&format=png&auto=webp&s=96a38e18b42b131ea3574d20209fee86ca56aaf2) + +* As the SEC is quite aware, there is a battle over GME stock. On one side of the battle, we have SHF's who want to see the price fall. On the other side, we have investors who see the long term value in GME and want to see the price rise. By unjustifiably shitting on one side of this battle, the SEC effectively lost impartiality and gave preferential treatment to short hedge funds. THAT IS UNETHICAL. To make matters worse, they clearly spent some money to produce this video. My law firm will be sending a FOIA to obtain the information relating to the cost of the video *inter alia*. +* So what can we do? We complain to the IG. Having worked as an attorney in the federal government (not the SEC) at one time, I can tell you that IG investigations are not welcomed by the individuals or departments subject of the investigation. + +[https:\/\/www.sec.gov\/oig](https://preview.redd.it/fa27to8z1a391.jpg?width=304&format=pjpg&auto=webp&s=a1c25f79aefa728e6eba15f214de6a7de9484f68) + +* The creative asshole at the SEC and every approving official behind this video needs to know that this bullshit is unacceptable. Fortunately, the process takes mere minutes. Squeaky wheel gets the grease, so let's get to squeaking. +* You can make your complaint online [here](https://www.securecloud365.tech/SEC) or if you are not into typing, you can even call and make it by calling **(833) SEC-OIG1 (732-6441).** + +See you all on the moon. +Before you criticize the subject and say "WRONG TOPIC", SuperStonk is about mainly $GME and exposing market corruption. RC was invested in Bobby and directly ties in to $GME. This isn't about Bobby. **THIS IS ABOUT CRIME.** + +The Freeman Capital Management (FCM) BBBY story needs further review. MSM put out a story about a 20 year old wiz kid who made over $100million in profit trading BBBY. The whole thing screams “pump and dump” and insider trading. + +&#x200B; + +https://preview.redd.it/xlpeo9wmgoi91.png?width=693&format=png&auto=webp&s=39f1c902f1b888bfcab38e7cb2fba865e7ade905 + +According to Mainstream Media, a 20 year old college student named “Jake Spencer Freeman” invested $25 million into BBBY around $5 and made 4X. + +&#x200B; + +https://preview.redd.it/fxmrpjdogoi91.jpg?width=797&format=pjpg&auto=webp&s=a5ebba1b348b2ad4cc380b984c44643ca1466d1f + +[https://www.marketwatch.com/story/this-investor-made-110-million-from-trading-bed-bath-beyond-and-hes-reportedly-a-20-year-old-student-11660814284](https://www.marketwatch.com/story/this-investor-made-110-million-from-trading-bed-bath-beyond-and-hes-reportedly-a-20-year-old-student-11660814284) + +&#x200B; + +https://preview.redd.it/h4g25rkpgoi91.jpg?width=791&format=pjpg&auto=webp&s=4f74718bfaed013dab42d93ff67d1426187b4174 + +The SEC filing is found here… This link was provided by marketwatch.com + +[https://www.sec.gov/Archives/edgar/data/886158/000193921022000002/bbby.pdf](https://www.sec.gov/Archives/edgar/data/886158/000193921022000002/bbby.pdf) + +The form that Jake Freeman filed with the SEC was a “13G”. + +Schedule 13G is an alternative SEC filing for the Schedule 13D which can be filed in lieu of Schedule 13D by anyone who acquires more than 5% ownership of a Section 13 security and qualifies for one of the exemptions available to the Schedule 13D filing requirement. [Wikipedia](https://en.wikipedia.org/wiki/Schedule_13G) + +&#x200B; + +https://preview.redd.it/ll46zykrgoi91.jpg?width=769&format=pjpg&auto=webp&s=9454c175cdc2a7998a9c9783e59e78368570b05a + +According to the SEC website, Jake did fill a 13G to sell FCM’s BBBY stock. + +&#x200B; + +https://preview.redd.it/iwtuhl8sgoi91.jpg?width=1169&format=pjpg&auto=webp&s=170a0543247cdd0f387700d3524ec3ed8422a4be + +A search of the EDGAR system does show that FCM BBBY Holdings LLC, did file just two forms, one on the 07/22 and one on 08/16 of 2022. + +&#x200B; + +https://preview.redd.it/lrqdjtssgoi91.jpg?width=1386&format=pjpg&auto=webp&s=667f8586f2b3c36a3065241638941cca9b07ec92 + +A closer look at FCM BBBY holdings llc confirms that the company is not actually a registered fund. + +&#x200B; + +https://preview.redd.it/cel2fectgoi91.jpg?width=1431&format=pjpg&auto=webp&s=e16caedb1d19287c02ccccd75ce0bfa98f6ee226 + +[https://adviserinfo.sec.gov/search/genericsearch/firmgrid](https://adviserinfo.sec.gov/search/genericsearch/firmgrid) + +A search on the SEC advisor search shows no records of “FCM BBBY Holdings llc”. + +Below we search for “FCM” and it's grayed out or “not registered”. + +&#x200B; + +https://preview.redd.it/pwa9xtvugoi91.jpg?width=1141&format=pjpg&auto=webp&s=cdf91bda1938c8be167b06b7200a648492d3b44f + +FCM registration was terminated on 4/20/2021. + +&#x200B; + +https://preview.redd.it/ktfcsnfxgoi91.jpg?width=1136&format=pjpg&auto=webp&s=a973ea70f7be7c6f44a010894f9638b2f1465dd2 + +And since Freeman is investing such a large sum for family and friends… he needs to be registered or he is more than likely commingling his funds with investors. + +Is Freeman even registered? + +&#x200B; + +https://preview.redd.it/wiqicp4ygoi91.jpg?width=690&format=pjpg&auto=webp&s=ade278dca96fda84eb4c96ea8a40fb5c1cebcfc9 + +He is not registered as an investment advisor… + +&#x200B; + +https://preview.redd.it/zy44k1pygoi91.jpg?width=958&format=pjpg&auto=webp&s=37c9af173cad63a7f6216437e41289d64a9dd06a + +Jake is also not registered as a series 7 broker and has no professional affiliation with FINRA. + +Let's RECAP here… **MSM put out a story that a 20 year old fund manager made over $100m on BBBY stock. The supposed fund has been closed since 4-20-2021 and Jake has no professional affiliation with FINRA or the SEC.** + +**The SEC has filed 13G from Jake under the firm “FCM BBBY HOLDINGS LLC”. FCM BBBY Holdings is not actually a registered fund. This FUND has never existed and FCM was closed last year.** + +The story goes like this, after Freeman bought the shares he wrote a letter to the Board of Directors of BBBY. The letter is below. + +&#x200B; + +https://preview.redd.it/jluobddzgoi91.jpg?width=721&format=pjpg&auto=webp&s=7f8cff19e76f9b096a1afc404cddd248e4e0f60c + +Freeman writes a letter from “FCM” which has not been registered since 2021. And the SEC has this letter on their site. + +&#x200B; + +https://preview.redd.it/lfa95z40hoi91.jpg?width=1197&format=pjpg&auto=webp&s=82a64dc2395c43868a889eaa025486fb71a88dd7 + +Source: [https://www.sec.gov/Archives/edgar/data/886158/000193921022000002/ex.pdf](https://www.sec.gov/Archives/edgar/data/886158/000193921022000002/ex.pdf) + +So the SEC knows about this… It's on their site. The letter above uses the “Sheridan, WY” address and a gmail email address. + +**Some key details to review…** + +&#x200B; + +https://preview.redd.it/nfa6svx0hoi91.jpg?width=676&format=pjpg&auto=webp&s=11b9382f6d08b23cca173b4f6dc6ee63cf5774ec + +**Freeman raised the money from friends and family. He is writing to the BBBY from a fund that does not exist and he is more than likely commingling his funds with his clients. The entire thing reeks of FRAUD and the SEC seems fine with it.** + +**It gets better…** + +At the end of every article it talks about how Freemans next stock pick is a penny OTC stock called mind med… + +&#x200B; + +https://preview.redd.it/isnad1tbhoi91.jpg?width=557&format=pjpg&auto=webp&s=ffba7bb8e1175472d0440831b633ae447a38e01e + +[https://fortune.com/2022/08/18/jake-freeman-usc-student-netted-110-million-dollars-in-bed-bath-beyond-stock-dump/](https://fortune.com/2022/08/18/jake-freeman-usc-student-netted-110-million-dollars-in-bed-bath-beyond-stock-dump/) + +&#x200B; + +https://preview.redd.it/3msm0bechoi91.jpg?width=797&format=pjpg&auto=webp&s=6d04936055d47f5d4159c884c92ebb8f910c45e1 + +Every story about Freeman ends with the Mind Medicine pump… and what happened to that stock? They pumped it… + +&#x200B; + +https://preview.redd.it/pt872tb5hoi91.jpg?width=1450&format=pjpg&auto=webp&s=5f8b0419954d72d6599d5dcd5dc25e3b12f93a09 + +And there you have it… Someone made a boatload pumping this stock from less than 70 cents to $1.40. + +It gets better… MSM reports that the trades were done at TDA and IKBR. + +&#x200B; + +https://preview.redd.it/nfwqgr28hoi91.jpg?width=783&format=pjpg&auto=webp&s=4ebf9e4cc640ee6dfc210f9c2f410f8e870aae4d + +[https://money.yahoo.com/20-old-usc-student-netted-122608953.html](https://money.yahoo.com/20-old-usc-student-netted-122608953.html) + +**What does this all mean?** + +**The FCM BBBY pump and dump, followed by the MNMD pump and dump, was possibly a group effort by the MSM, the Brokers and the SEC to pump up this stock and make a boatload of money.** + +**This is market manipulation and my guess is… Jake Freeman was used as a mule to cover the truth. This is most likely insider trading. The institutions know that the new cycles start(ed) and did this to profit off BBBY. They invested $25m and made over $100m front running their own algo.** + +**They then painted a story that he dumped it to cause price anchoring and deter new investors from buying BBBY.** + +**The whole thing reeks of fraud and crime, insider trading and market manipulation with influence from the MSM, Brokers and the SEC.** + +&#x200B; + +\--------------------------------------------------- + +&#x200B; + +Edit 1: + +u/whatt_shee_said + +https://preview.redd.it/aa5kcve6woi91.jpg?width=638&format=pjpg&auto=webp&s=c357840c8097a538ed6885f6c7e33f4f970c3bda + +[https://www.prnewswire.com/news-releases/mindmed-co-founder-dr-scott-freeman-proposes-value-enhancement-plan-301604278.html](https://www.prnewswire.com/news-releases/mindmed-co-founder-dr-scott-freeman-proposes-value-enhancement-plan-301604278.html) + +Edit 2: + +u/RyanMeray + +https://preview.redd.it/h7ht3te2api91.jpg?width=650&format=pjpg&auto=webp&s=635f3a91e394c84ba916b1a1a611ee20a261c905 +Honestly, this has to be one of the most (if not the most) infuriating things when trying to get a mortgage. Most first time buyers have no way of proving they’re financially reliable other than this and other bills and yet they aren’t factored in. However, if you missed a few months over a period of a couple of years, you just know they would get raised as a red flag. + +So yeah, how come it doesn’t contribute to showing you’re a reliable individual who can be trusted with a mortgage? +[https://www.congress.gov/bill/116th-congress/house-bill/5596/text?r=1&s=1](https://www.congress.gov/bill/116th-congress/house-bill/5596/text?r=1&s=1&fbclid=IwAR2L2g09TYX5yygq0Mh9pxLqtzeoPYezvXRzyyiByiEnTmEkUJc3G7qq3EQ) + +Changes to HSAs if passed: + +* Increases maximum personal HSA contribution to $10,800 (subject to COLA) +* Increases maximum family HSA contribution to $29,500 (subject to COLA) +* HDHP no longer required to contribute to an HSA. Any health plan, insurance, or ministry plan qualifies. +* HSA funds can be used to pay for healthcare premiums. +* HSA funds can be used for "periodic fees paid to a physician for a defined set of medical services or for the right to receive medical services on an as-needed basis". So if your physican or dentist offers a monthly plan directly from them, you can use HSA funds to pay for this. +* HSA penalty for non-qualified distributions reduced from 20% to 10%. +* HSA can be used for **any** prescription or over-the-counter medicine or drug and for any insurance co-pays. (the current law states that HSA can only be used for **prescribed** medicine and insurance co-pays) + +Legislation was sponsored and co-sponsored by three republicans: (R-TX) Chip Roy, (R-AZ) Andy Biggs, (R-LA) Mike Johnson + +Republicans have a majority in the Senate. Democrats have a majority in the House. Requires passing in the House first. Considering the CBO analysis would likely show a huge expense, it might die in either chamber because it's not revenue neutral. + +Crossposts: + +[https://www.reddit.com/r/fatFIRE/comments/erkisf/personalized\_care\_act\_of\_2020\_would\_raise\_hsa/](https://www.reddit.com/r/fatFIRE/comments/erkisf/personalized_care_act_of_2020_would_raise_hsa/) + +[https://www.reddit.com/r/tax/comments/erielv/personalized\_care\_act\_of\_2020\_would\_raise\_hsa/](https://www.reddit.com/r/tax/comments/erielv/personalized_care_act_of_2020_would_raise_hsa/) + +\-------------------- + +Also see this for Senate proposed HSA changes (Health Savings Act of 2019): [https://www.reddit.com/r/tax/comments/erielv/personalized\_care\_act\_of\_2020\_would\_raise\_hsa/ff4b8h2](https://www.reddit.com/r/tax/comments/erielv/personalized_care_act_of_2020_would_raise_hsa/ff4b8h2?utm_source=share&utm_medium=web2x) +This week has been brutal. I've lost ALL my gains this week, now in a loss on my investment. I was too greedy not to take profits on my coins when it hit ATH. + +It's important to know when to sell, It makes riding this craziness out so much easier. + +Buy when literally nobody gives a shit about this shit. +Sell when your friends who never expressed an interest before reach out to you about crypto. +I can clearly visualize the shfs meeting with their psyops team now. The psychologists have formulated what they think is the best plan of attack. “You’ve got to make them think they’ll never see green again. Make them believe it’s hopeless. That the game actually IS rigged in our favor. That we can keep manipulating the price downwards forever and that every week it will close just a little bit lower than the week before. On and on until the investment has lost all its value. Make them believe the dream of green is a dream of the past.” + +Well guess what you unethical piece of shit spineless pathetic excuse for human being psychologists? We have psychologists too. + +The paradoxical fact is that the very obsession with keeping it from touching green is all the psychological proof we need to know you’re at the end of your rope and nearing defeat. Because in the big leagues finishing a couple bucks in the green or a couple bucks in the red doesn’t matter. What matters is long term trajectory if you’re a shareholder or getting puts or calls in the money if you’re playing derivatives. + +By tanking the price hard every time it approaches green you’re showing your hand to any psychologist worth his salt. You’re trying to instill feelings of powerlessness, hopelessness, despair, apathy. But the fact that we know you’re trying to do that instills us with feelings of power, hope, and purpose. Never selling, never backing down. Only hodling with diamond hands and buying. And again, a huge fuck you to the psychologists who have attempted to use your training in human nature to screw over your fellow man. The heroes of psychology of the past on whose mighty shoulders you stand would be deeply ashamed of you. +Throwaway account for anonymity. + +After a crazy week financially where my partner and I cleared six figures (thanks stonks), my partner's parent is now demanding that we provide them a significant amount of money. The parent raised my partner and her siblings by themselves, so definitely did not have it easy. But we are struggling with figuring out whether or not this is a good idea, mostly since the approach taken by the parent was quite poor (they were very upset that we didn't give them the cash as soon as we made it and never explicitly asked for the money). Percentage-wise, the amount would be under 10% of the after-tax gains, so in the grand scheme of things it's not that much relative to what we made. But it is still a significant amount of money and I am afraid that this will reinforce negative behavior going forward. My partner is (I'm pretty sure) leaning towards providing at least some of this money, but again I am afraid of what this entails. Additionally, I am aiming for reaching fatFIRE in the next 10-15 years and the current cash pile from this windfall will really help with that (minus charitable deductions already factored in), but big cash distributions like this would impact that timeline. Is it ever a good idea to give relatives money in this scenario? +***TL;DR:*** +**DTCC / OCC / ICC etc. & Wall St want key things in place before GME unwinds, and we're now looking at a list that's been mostly checked off. This rocket is just about cleared for launch.** + +***Last updated: 2021-05-28*** | [Original post from 2021-04-22](https://www.reddit.com/r/Superstonk/comments/mvq6rs/go_nogo_for_launch_the_dtcc_checklist_keeping_gme/) + +# Go / No-Go For Launch +**Opinion - Status: Hold** ❌ +*We're on a scheduled hold. Preliminary system checks are good enough to launch, and now we are being held for atmospheric conditions to be just right.* + +*GME ignition needs to appear from the outside to be organic, or it will be fairly obvious to the public that The System is built on lies, and run by liars, completely unfair, and this stock was just being flat out controlled for months. Even if Wall St survives financially by implementing all these rules, if they lose the public trust then it is literally "game stopped." They need plausible cover to launch now, the rest is in place.* + +## 1 - Rules of Engagement ✅ + +## 2 - Funding ✅ + +## 3 - Cover Story for Timing ❌ + +## 4 - Avoiding Perception of Responsibility ✅ + +--- ***End TL;DR*** --- + +&nbsp; +&nbsp; + +Busy few weeks, eh Apes? Figured I'd give this a brush up and post it again since it was a month ago I posted the original. So here's the refreshed, reviewed, reassessed, reformatted, and return of the Go / No-Go Checklist. Freshness stamp at the top, changes by date at the bottom. Please comment with any additions and corrections as always. + +&nbsp; +&nbsp; + +###### **Official notice that this is not financial advice, etc etc. I have no idea if any of this is indeed why these things are happening, or if they are even what I think they are. I bought a handful of shares before DFV's Congressional hearing because something seemed fucky, and that was my first stock purchase EVER. If you make financial decisions off of this speculation, you probably do eat crayons like me. I am literally just some Ape on the internet mashing buttons and you're gonna have to explain to your wife's boyfriend why you took this as advice and then spent your whole allowance already this week.** + +So this [post](https://reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) from u/c-digs is about as close as anyone has come to my personal theory that there is a literal checklist somewhere that is getting marked off before this is allowed to unravel. The DTCC and Wall St (and probably the SEC) definitely do not want this spring to unwind before they are ready, and certainly not in a way in which they don't feel they are in control. These players are Big Corporate dicks with Big Corporate mindsets, and its my bet that they don't do anything without a plan that at least addresses all eventualities. + +However, as it is now probably alarmingly clear to them this isn't just gonna go away on its own (cue Apes waving from the windows of the rocket sitting on the launchpad), the DTCC and pals are now scrambling to get the last things in place before somebody trips over the cord to the shredder at 3am and lands on the launch button. + +I think the list goes something like this, but am intending this to be **a crowdsourced document** because there is no way I can keep this all straight on my own, and the GME Investor community has done so so much great DD already. There is definitely more to add in terms of DTCC / OCC / NSCC / SEC rules, and please comment with additional items & sources and I'll try to keep up with editing them into the list. Compiling it here can possibly help determine just how close GME probably is to liftoff. It feels like we aren't that far from it now. + +&nbsp; +&nbsp; + +## 1 - Rules of Engagement + +**Opinon - Status: Go for Launch** ✅ +*The System would benefit most if new rules about payments in a member default situation are in effect prior to launch, and as far as we know at this point, all rules to cover that scenario that were filed are now in place. They can use remaining days to shore up a few more monetary rules, but there aren't any disaster-level rules still pending out there. My opinion is at ~~90%~~ 95% Go as we are still waiting for at least 1 important rule:* + +* *SR-NSCC-2021-002* + +Let's cover some basics before getting into each specific rule. + +**Whose rules cover what:** + +DTCC stands for Depoisitory Trust and Clearing Corporation which is made up of 3 self-regulating bodies: + +* [DTC](https://www.dtcc.com/about/businesses-and-subsidiaries/dtc) - The Depository Trust Company +* [NSCC](https://www.dtcc.com/about/businesses-and-subsidiaries/nscc) - National Securities Clearing Corporation +* [FICC](https://www.dtcc.com/about/businesses-and-subsidiaries/ficc) - Fixed Income Clearing Corporation + +and handles: + +* Physical Stock Certificates and ownership records, big institutional trades (DTC) +* Securities trades, clearing, and settlement for nearly all transactions involving US based marketplaces (NSCC) +* Government Securities and Mortgage-Backed Securities (FICC) + +[OCC](https://www.theocc.com) - Options Clearing Coroporation handles: +Options (shocker, I know) + +[ICC](https://www.theice.com/clear-credit) - Intercontinental Exchance (ICE) Clear Credit handles: +Credit Default Swaps, or CDS for short. + +**Naming Scheme (yes the whole thing is important)** +example: SR-DTC-2021-005 + +* SR - Type of document filed, SR = Self Regulation +* DTC - Name of self regulated entity filing it +* 2021 - Year regulation was filed +* 005 - Sequence filed in (5th, so far)