diff --git "a/reddit_finance_43_250k_52.txt" "b/reddit_finance_43_250k_52.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_52.txt" @@ -0,0 +1,10000 @@ + +✅ = in effect now +❌ = pending review / revision + +### Rules To Protect The System + +#### Stocks/Securities + +* **SR-DTC-2021-003: Obligation to Reconcile Activity on a Regular Basis** ✅ +*The "You're gonna report your risk daily now, you little shits" Rule.* +Filed 2021-03-09 +Effective 2021-03-16 +[src](https://www.reddit.com/r/GME/comments/m793h7/new_dtcc_rule_just_passed_in_effect_immediatly/) + +* **SR-DTC-2021-004: Amend the Recovery & Wind-down Plan** ✅ +*The "We'll liquidate your asse(t)s if you default, then make your pals chip in, before we pay a dime ourselves" Rule.* +Also stipulates what the DTCC is willing to cover when reconciling, as in only shares on the books, and why you (yes you Ape) should have a cash account and not a margin account. +Filed 2021-03-29 +Effective Immediately +[src](https://www.reddit.com/r/GME/comments/mgs05i/analysis_of_srdtc2021004_dtcc_changing_the_game/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +* **SR-DTC-2021-005** *Removed by DTCC for Review* ❌ +*The "We're tagging the shares you lend out so you can't do it more than once" Rule.* +While this won't help prevent anything, and would likely ignite the engines on its own, this will prevent a GME scenario from happening again in the future. +Filed 2021-04-01 +Removed for further review ^src-1 / **Now Expected "Soon"** ^src-2 +Effective Immidiately upon re-filing/approval (apparently) +[src-1](https://www.reddit.com/r/Superstonk/comments/mpmcyz/good_news_update_on_dtc2021005_according_to_john/), [src-2](https://www.reddit.com/r/Superstonk/comments/ngwhzu/where_is_srdtc2021005_the_update/) + +* **SR-DTC-2021-006: Remove the Security Holder Tracking Service** ✅ +*The "We're dropping the old way of tracking shares, cause it didn't work well, and DTC-2021-005 will do it better" Rule.* +It was speculated in another post that the old system of tracking needed to be removed so there was no conflict in implementing DTC-2021-005 (I can't find that post here on reddit anymore, src needed!). It's likely that this could pave the way for 005 to be implemented. As if 2021-05-20 I am more inclined to think that it was removed to keep anyone from implementing share tracking prior to 005 being implemented. +Filed 2021-04-22 +Effective Immediately +[src](https://www.reddit.com/r/Superstonk/comments/mwhyhw/sec_files_srdtc2021006_removing_the_old_and/) <- also my post + +* **SR-DTC-2021-007: Update the DTC Corporate Actions Distributions Service Guide** ✅ +*The "Stop bickering back and forth over the manual adjustments to your peer to peer trade records via the dumb APO method, and just use the GD computer validated Claim Connect system, please" Rule.* +Way to make a super vague title DTC... This is mostly about borrowed shares and updating who pays how much when circumstances - like rates - change. The old system (APO) needed both parties to just agree on the adjustments and one side could only submit an adjustment at a time, so it was rarely agreed upon in one pass and the bad guys could likely stall with many back and forths. To me this reads as a please use this better thing now, because APO will go away on July 9th 2021 so you'll have to use Claim Connect by then anyways. Since the lender is likely incentivized to use the new system, it may get adopted in higher numbers sooner. +Filed 2021-04-30 +Effective Immediately +Mandatory 2021-07-09 +[src](https://www.sec.gov/rules/sro/dtc.htm#SR-DTC-2021-007), [Explainer post](https://www.reddit.com/r/Superstonk/comments/n28jes/new_dtc_regulation_posted_srdtc2021007/) + +* **SR-NSCC-2021-002: Amend the Supplemental Liquidity Deposit Requirements** *Pending* ❌ +*The "We'll margin call your ass if your new daily reports say you're overextended and make us feel scared" Rule.* +Works in conjunction with DTC-2021-003. This rule now appears to be clear to be acted on by the SEC. +Possible insight on why this may have been strategically delayed, via /u/yosaso ^src-4 +NSCC-2021-801 Gave Advance Notice of this, and as of 2021-05-04 is cleared to be included with NSC-2021-002. ^src-2 +Filed 2021-03-05 +Comment Period Extended to 05-31 / Expected action on or before 2021-06-21 ^src-3 +[src](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), [src-2](https://www.reddit.com/r/Superstonk/comments/n51u5d/sec_has_no_objections_to_nscc801/), [src-3](https://www.sec.gov/rules/sro/nscc/2021/34-91788.pdf), [src-4](https://www.reddit.com/r/Superstonk/comments/n67h63/the_reason_why_may_4th_was_important/) + +* **SR-NSCC-2021-004: Amend the Recovery & Wind-down Plan** ✅ +*The "Just so we're clear about stocks specifically, we're really serious about us not paying for your fuckups unless we have to rule" Rule.* +Works in conjunction with DTC-2021-004, but this is specific to securities and was filed first. ^src-1 This ALSO has language in it about clarifying the mass transfer of customer accounts from a failing member to a stable member. ^src-2 +Filed 2021-03-05 +Effective 2021-03-18 +[src-1](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), [src-2](https://www.reddit.com/r/Superstonk/comments/mvybgf/sec_is_expecting_the_need_for_a_mass_emergency/) + +* **NSCC-2021-005: Increase the NSCC’s Minimum Required Fund Deposit** ❌ +*The "We're gonna up your minimum deposit with us from an hysterically low $10K each, to an almost certainly still not enough $250k each" Rule.* +DTCC has submitted this to SEC, but SEC has not approved / published yet, so details may change. ^src-1 +Filed 2021-04-26 +Approved: Pending +Effective: Approval + 20days +[src-1](https://www.dtcc.com/legal), [Explainer post](https://www.reddit.com/r/Superstonk/comments/mz9gl6/nscc2021005_has_been_signed_today_implementation/) + +#### Options + +* **SR-OCC-2021-003: Increase Persistent Minimum Skin-In-The-Game / Waterfall** ✅ +*The "You Market Makers are gonna give us more money now in case you fuck up with options later and owe someone more than you have" Rule.* +This is the rule associated with the SR-OCC-2021-801 advanced notice, and SIG filed an opposition during the review period delaying the implementation. ^src-1 You can read that whiney rant here via this [comment](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/gznui8r?utm_source=share&utm_medium=web2x&context=3) +OCC-2021-003 is now approved and both should be in effect no later than Tuesday 2021-06-01 10am Eastern (if SEC approval notice counts as the official written notice to OCC members). ^src-2 +Filed 2021-02-10 +Approved 2021-05-27 +Effective on or before 2021-06-01 10am EST +[src-1](https://www.reddit.com/r/Superstonk/comments/mm8pnz/update_from_sec_on_srocc2021801_aka_srocc2021203/), [src-2](https://www.reddit.com/r/Superstonk/comments/nmjbov/srocc2021003_approved_that_one_was_needed_for/gzqwqzc?utm_source=share&utm_medium=web2x&context=3) + +#### Credit Default Swaps + +* **SR-ICC-2021-005: Amend the ICC Recovery & Wind-down Plan** ✅ +*The "Guys, DTC had a pretty good idea, lets also liquidate members first before touching our own cash." Rule.* +Fairly straightforward with this nugget as described by u/Criand: +"Something really cool is they'll not only wipe out members who default on a certain security, they'll wipe out similar positions in that same security of all their other members IF it's high risk/stress to the market." +Filed 2021-03-23 +Approved 2021-05-10 +Effective Immediately +[src](https://www.reddit.com/r/Superstonk/comments/nfl69o/new_icc_rules_summary_they_are_preparing_for/) + +* **SR-ICC-2021-007: Update the ICC’s Treasury Operations Policies and Procedures** ✅ +*The "Your capital balance sheet is looking a little shaggy there, we think you need a Collateral Haircut" Rule.* +Tightens up what can and cant be considered as collateral, trimming off the stuff that is not deemed worthy, and reducing overall capital, which means you can handle less total risk and/or volatile CDS contracts. +Filed 2021-03-29 +Approved 2021-05-13 +Effective Immediately +[src](https://www.reddit.com/r/Superstonk/comments/nfl69o/new_icc_rules_summary_they_are_preparing_for/) + +* **SR-ICC-2021-008: Update the ICC Risk Management Model Description** ✅ +*The "We're gonna start using our best guesses on if the collateral for the loans these psuedo-insurance contracts are based on might go crazy in the near future, 'cause shit is getting weird out there" Rule.* +This is about [Credit Default Swaps](https://www.investopedia.com/terms/c/creditdefaultswap.asp), which are a bit complex. Essentially this rule appears it primarily will help to reduce the chances of say, BofA failing because they agreed to get paid to take on some of the risk of a loan made by say JP Morgan, and then BofA got fucked over just because JP Morgain made the loan using a volatile stock as collateral and then that stock went bananas... a stock which everyone probably knew was volatile but somehow wasn't a big factor in making the agreement before this rule. The rule also limits the ICC maximum total losses/payout, and ups initial margin requirements. +Filed 2021-03-31 +Approved 2021-05-18 +Effective Immediately +[src](https://www.reddit.com/r/Superstonk/comments/nfl69o/new_icc_rules_summary_they_are_preparing_for/) + +* **SR-ICC-2021-009: Update the ICC Risk Parameter Setting and Review Policy** ✅ +*The "We're basing risk on day to day averages now instead of month to month averages" Rule.* +When something strays too far outside of the acceptable baseline, it gets flagged. Now that baseline is automatically calculated day to day, instead of month to month, and manualy reviewed the old way at least monthly. It will result in faster response time to fast moving changes and real risks (safer), but also less shock from too few updates (smoother). All that so they can keep margin levels appropriate. Also cleans up some language to be more generic and descriptive like "Extreme Price Change Scenarios." +Filed 2021-04-02 +Approved 2021-05-20 +Effective Immediately +[src](https://www.reddit.com/r/Superstonk/comments/nhdw0f/rick_management_updates_just_went_from_monthly_to/) + +* **SR-ICC-2021-014: Update the ICC’s Fee Schedules** ✅ +*The "Huuuuuuuge discounts on swaps! Get 'em while they last!" Rule.* +This cuts fees on CDS contracts about 25%, which sounds like they want to incentivize risk sharing even more. Program is for the 2nd half of 2021, and discounts start June 1st. +Filed 2021-05-07 +Approved 2021-05-18 +Effective Immediately +[src](https://www.reddit.com/r/Superstonk/comments/nfl69o/new_icc_rules_summary_they_are_preparing_for/) + +### Rules to protect the value of the market in general as best as possible + +* **SR-OCC-2021-004: Revisions to OCC's Auction Participation Requirements** ✅ +*The "Everyone can come to the feeding frenzy party when we liquidate one of you idiots" Rule.* +Allows more firms that were traditionally excluded from an auction of this type to now join in, probably making the market wide bleeding end sooner, and retain more value overall. +Filed 2021-03-19 +Effective 2021-05-19 +[src](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) + +### Non-regulation / Other Announcments + +* **Exchange Act Rule 15c3-3 Compliance Letter: Staff Statement on Fully Paid Lending** ✅ +*The "We're making you keep full collateral on hand for your shit, you've got six months to get it together" letter.* +Letter sent 2020-10-22 +Effective 2021-04-22 +[src](https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm_medium=email&utm_source=govdelivery) + +* **GOV-1085-21: DTCC / FICC White Paper Announcing WABR added as a Sponsored Member** ✅ +WABR Cayman Limited is a firm specializing in helping Institutional Sales Traders in times of "thin markets". u/stellarEVH explains: +*"When a company needs to quickly pay off their debts as in the case of a margin call, it can be challenging for them to gather all the money from their various investments. There are firms in place that are specialized in liquidating their portfolio in a manner to minimize market impact while they pay off their debt."* +Announced 2021-04-23 +Effective 2021-04-29 +[src](https://www.dtcc.com/-/media/Files/pdf/2021/4/23/GOV1085-21PDF.PDF), via [this post & comments](https://www.reddit.com/r/Superstonk/comments/my1hio/friday_the_dtcc_approved_wabra_morgan_stanley/), linked from [It's Just a Bug, Bro Part 6 - Bug Spray Edition](https://www.reddit.com/r/Superstonk/comments/myl37p/its_just_a_bug_bro_part_6_bug_spray_edition/) +[Additional info on who WABR is](https://reddit.com/r/Superstonk/comments/mz4oza/the_rabbit_hole_of_wabr_cayman_company_limited/) 👀 *Spidey senses are tingling* +>!*I love this community*!< + +* **MBS978-21: FICC Notice on MBSD Intraday Mark-to-Market Charge - Timing of Intraday Collection** ✅ +*We've been lenient for the past year cause shit was wack, but we're going back on that regular hourly assesment for margins.* +"Starting on May 3, 2021, the fixed time of 1:00PM will be eliminated and the MBSD Intraday Mark-to-Market Charge will return to an hourly assessment." This combined with other things will tighten the screws. +/u/stellarEVH bringing that good good again: *"For example, it’ll be much harder to short GameStop and/or trade in dark pools when you’re expected to cover your margin every hour. For the last year, they’ve only needed to prove they were covered at 1pm."* +Notice Date 2021-04-21 +Effective 2021-05-03 +[src post](https://www.reddit.com/r/Superstonk/comments/n3m0qu/the_mandatory_dtcc_common_stock_reallocation_for/), [explainer comment](https://www.reddit.com/r/Superstonk/comments/n3m0qu/the_mandatory_dtcc_common_stock_reallocation_for/gwr8n2a?utm_source=share&utm_medium=web2x&context=3) + +* **OCC Notice 48718: TEMPORARY INCREASE TO CLEARING FUND SIZE** ✅ +*Yeah if you could give us some more of your money for a bit, that would be great.* +Yeah they used all caps, and gave 2 days notice before they would just go into members bank accounts to get that money. Must've needed it bad for the 19th, because it normally is just increased monthly on the 1st. Total increase was $588,378,155. +Notice Date 2021-05-17 +Deposit by Date 2021-05-19 [by 9am](https://www.reddit.com/r/Superstonk/comments/nfz9xa/huge_crypto_dump_currently_things_are_hotting_up/). +[src](https://www.reddit.com/r/Superstonk/comments/nftyg4/occ_has_issued_a_statement_to_all_clearing/) + +*(please help me fill in other important rules via comments)* + +&nbsp; +&nbsp; +&nbsp; + +## 2 - Funding + +**Opinion - Status: Go for Launch** ✅ + +### To pay out for shares of GME + +* [SHF Pulling money from crypt0](https://finance.yahoo.com/news/bitcoin-doge-ethereum-ripple-price-monday-19-april-crypto-latest-081427050.html) +* SHF Pump and Dump on other stocks +* SHF Liquidate other Assets Under Management (market-wide dive on 2021-04-22?) [Citadel Sell-off?](https://www.reddit.com/r/Superstonk/comments/n0fwx2/kenny_might_be_in_a_bit_of_a_pickle_right_now/) +* Wind Down and Recovery Strategies (SR-DTC-2021-004, SR-ICC-2021-005) +* *(other suggestions w/ sources wanted)* + +### Secure cash to buy up liquidated assets to prevent total market collapse + +* [Big Banks do a Bond Sales](https://www.reddit.com/r/Superstonk/comments/mu8a5m/6_out_of_the_7_top_listed_us_banks_have_made/), [Citigroup: "Me Too!"](https://www.reddit.com/r/Superstonk/comments/mzvcli/citigroup_borrowing_55_billion_in_latest_bank/) + * Need plausible reasons for making those sales such as earnings report, or LIBOR to SOFR switch, or *insert wildcard like $50 Bil Football League*, etc ... +* Banks Re-Structuring / Netting [src](https://www.reddit.com/r/Superstonk/comments/mur8bz/srdtc2021004_the_dtcc_and_jp_morgan_theyre/) +* [Wells Fargo to liquidate two of its trusts](https://www.reddit.com/r/Superstonk/comments/nh5ed7/wells_fargo_to_liquidate_two_of_its_trusts/) +* Rule SR-OCC-2021-004 allowing more players at the auction of the defaulting member's assets. + +&nbsp; +&nbsp; +&nbsp; + +## 3 - Cover for Timing of Launch + +**Opinion - Status: No-Go for Launch** ❌ +*This will likely be the very last one, and we'll only know what they will use as an excuse once it's started. I think all the other pieces would need to be in place* (Narrator: They are.) *for them to feel most confident to light the fuse. This will be more oportunistic in nature, I think.* + +I'm splitting this into 2 objectives: why GME is going up, and why the market in general is tanking. + +#### GME Go *BRRRRRRRRRRRR!* Cover + +Ideally a plausible Corporate or Market Event that the stock price “should” respond to in order to initiate upward price movement without the timing looking SUS AF and destabilizing the broader market due to fear of systemic problems and/or loss of public trust. These events are mostly out of the control of The System, and one will likely be the ignition. + +* Corporate: AGM Voting Proxy Release +* Corporate: Quarterly Earnings (Q1 2021) +* Corporate: CEO Announced +* Corporate: AGM Vote Count + Board Elections +* Corporate: RC Appointed as Chairman Official News +* Corporate: Dividend Issue / Stock Split +* Corporate: Major Partner Announcement +* Market: Broader Retail Gains +* TBD / Unkown + +&nbsp; + +#### Markets Go *clank!* Cover + +Major policy announcements, world politics, regularly scheduled economic reports released... Pick your favorite here, cause they will and already have. This cover will justify why the markets are hemorhaging to hide the fact that positions are being liquidated to start paying for buying-back all those GME shares. + +* Market: Global Supply Chain Issue +* Market: Liquidity Stress Tests + * [April 26th, 2021](https://www.reddit.com/r/Superstonk/comments/mww2ah/dtcc_planning_liquidity_risk_testing_on_26th/) + * [May 13th, 2021](https://www.reddit.com/r/Superstonk/comments/n763vq/dtcc_members_are_having_a_liquidity_check_may_13th/) + * Note: As far as I can tell, these happened yearly, typically in April/May, but only once... 2 back to back? +* Government: [POTUS joint address to Congress](https://apnews.com/article/joe-biden-nancy-pelosi-coronavirus-pandemic-267e753a5d1ab7a72d3274728b25f63c) + Green New Deal? Capital Gains Announcement: [similar to BS on 2021-04-22?](https://www.bloomberg.com/news/articles/2021-04-22/biden-to-propose-capital-gains-tax-as-high-as-43-4-for-wealthy) +* Government: [2021-05-06 Congressional Hearing with SEC / Gensler, DTCC / Bodson, FINRA / Cook.](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407762) +* Government: [2021-05-26+27 Congressional Hearing with Big Banks](https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=407740) +* Government: Monthly [Consumer Price Index numbers released](https://www.bls.gov/schedule/news_release/cpi.htm), next is June 13th +* Government: [US Treasury Stability Council Meeting June 11th](https://www.reuters.com/article/usa-treasury-stability-idUSL2N2N638S) + Possible platform for policy announcement? Typically hold 6 +/- a year, but this would be first of 2021 and was postponed from May 21st. +* Government: [US 2022 Fiscal Year Budget Proposal](https://www.reuters.com/world/us/biden-propose-6-trillion-us-budget-2022-fiscal-year-nyt-2021-05-27/) +* *(other suggestions wanted)* + +&nbsp; +&nbsp; +&nbsp; + +## 4 - Fallguy, and the Lack of Prevention + +**Opinion - Status: Go for Launch** ✅ +*While they will likely have a fallguy decided upon prior to launch, I don't see it as a necessity that would delay it, certainly not like the Rules of Engagement or Funding would. I also think that nothing would keep them from changing the story if something else influences the narrative in an acceptable way shortly after liftoff.* + +### Blame! + +After the market pain is significant enough that the public wants answers, why not lay all the blame on bad actors, and defer attention from the system to try to avoid additional exterior regulation. + +* SHFs (now liquidated) as overly greedy and got what they deserved +* Retail (as Anarchists, or greedy and oportunistic) + * [Forbes article on January Gamma Squeeze](https://www.reddit.com/r/Superstonk/comments/mvf7r3/forbes_reminder_as_we_hodl_towards_the_moass_gme/gvc5c8f/?context=3) +* Foreign Actors trying to destabilize the US Markets +* *(other suggestions w/ sources wanted)* + +### Control Public Image of the System via PR +* DTCC: ["We're doing a great job! Take our word for it!"](https://www.reddit.com/r/Superstonk/comments/mvozps/dtcc_trying_to_get_ahead_of_the_story_the_most/?utm_medium=android_app&utm_source=share) +* DTCC: "We're announcing our plan to keep working on a plan to kind of band-aid a problem that's pretty bad and we've known about for awhile, and like we have definitely been talking about it and stuff, but now we're like really gonna talk about it using words like "in-depth analysis" cause up to now we were mostly just talking about it like how you tell that one friend *"yeah, we should totally hang out soon"* and then you never do, but not now cause we're serious now, and it's definitely not because we've gotta talk to the US Congress this week or anything. Like, honestly." AKA the announcement of [the DTCC's T+1 Settlement Plan.](https://www.reddit.com/r/Superstonk/comments/n5b91j/dtcc_rolls_out_plan_and_faq_for_a_new_t1/) + +&nbsp; +&nbsp; + +--- + +# *...Meanwhile, at the SEC* + +"Let's at least *look* like we aren't asleep at the wheel here, lads" + +* [Whistleblower Awards](https://www.reddit.com/r/Superstonk/comments/mrfxvg/secgov_sec_awards_over_50_million_to_joint/) + * [47.4% of the Amount of all SEC Whistleblower Awards Ever Given Have Been Awarded in the Last 12 Months (Out of 105 Months of Program Activity)](https://www.reddit.com/r/Superstonk/comments/nf3n64/474_of_the_amount_of_all_sec_whistleblower_awards/) +* [Closed door meetings](https://www.reddit.com/r/GME/comments/mihiv9/another_sec_closed_door_meeting_scheduled_for_48/) +* [2021-05-27 Sunshine Act Meeting - Scheduled](https://www.reddit.com/r/Superstonk/comments/nhgh3i/sunshine_meeting_rescheduled_may_27/) + * These have been cancelled 4 out of 7 times... so far! +* Speech by SEC Commissioner Peirce inlcuding the line that the SEC is *"working on a report about the events related to meme stock trading earlier this year, and some regulatory initiatives may come out of that work."* and a few other statements about how the SEC shouldn't be concerned with firms loosing money... aka Tough Titties Archegos, et al. +[src post](https://www.reddit.com/r/Superstonk/comments/n2ax63/something_apes_missed_read_this/) +* [SEC sues HF, filed 5/19/21- states NAKED SHORT SELLING is ILLEGAL and ask FOR a JULY TRIAL!!!](https://www.reddit.com/r/GME/comments/nhmaxw/sec_sues_hf_filed_51921_states_naked_short/) + +&nbsp; +&nbsp; + +Any and all additions you think may belong on this list, feel free to put in the comments, and I'll try to update and give credit where possible. If I got any of these wrong, or you've found better links that explain the rules, let me know in the comments and I'll make those edits. + +Contributions noted where possible, and initial start from previous work on Recent Filings by /u/Antioch_Orontes [here.](https://www.reddit.com/r/Superstonk/comments/msh5mt/a_brief_overview_of_recent_filings_from_the_dtc/) + +&nbsp; + +Looking for the TL;DR? It's at the top. + +&nbsp; + +--- + +&nbsp; + +## Buy. Hodl. Vote. + +&nbsp; + +#### ... and make history. + +&nbsp; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Edit 2021-05-22: +Typos, add expected effective timeframe for DTC-2021-005. May 27th SEC Meeting Scheduled. SEC Lawsuit. Restructured the 3rd/Cover section to clarify for some comments and feedback about why I think cover is important. Also by now I've got plenty of reddit points/currency, so spend new money on GME! + +Edit 2021-05-28: +SR-OCC-2021-003 approved. Add CPI release as market drop cover, US Treasury meeting, US Budget Proposal. + +Finolex Industries is India’s largest manufacturer of PVC pipes & fittings and a leading producer of PVC resin. The company is the only large vertically integrated player in the domestic market which produces its entire requirement of PVC resin, the major raw material used in manufacturing PVC Pipes & Fittings. + +Industry Structure and Tailwinds for growth of Plastic Pipes - + +Below is the market share of Major players as on 2019. The market share for major players hasn't changed much in FY 2021. The major listed players are Supreme Industries(11%) , Finolex Industries (9%) , Jain Irrigation (8%), Astral (7%) and Prince Pipes(5%). + + +Plastic pipes are more durable, cheaper and do not rust as compared to Metal GI pipes. This has resulted in mass adoption of PVC pipes used in agriculture and real estate and they have replace Metal GI pipes. Below is the overview of Indian Plastic pipes industry and why they are better than metal GI pipes for both plumbing and agricultural purposes. + + +Plastic pipes are used in 3 areas majorly - Agriculture, WSS (Water Supply and Sanitation)and plumbing(mainly used in real estate) and Sewerage. + + +Below are the end uses of different types of pipes and the industry they cater to. + + +Below are the competitors of Finolex Industries - + +Astral Limited - One of the larger players in plumbing/SWR pipes used in real estate. Piping division contributes 77% of topline. + +Units sold in FY 21 - 1,36,590 metric tonnes (P.Y - 1,32,200 metric tonnes) + +Total Capacity - 2,57,946 metric tonnes. + +Supreme Industries - 65 % revenue comes from plastic pipes and fittings. Supreme Industries with Finolex Industries are the biggest players in PVC pipes by market size and the two have a bigger presence in PVC used in agriculture. + +Units sold in FY 21 - 2,94,357 (FY 20 - 3,00,722) metric tonnes. + +Prince Pipes - Units sold 1,38,289 metric tonnes (FY 20 - 1,32,816 metric tonnes). + +Installed Capacity - 2,50,000 metric tonnes. + +Prince pipes is one of the larger players in plumbing/SWR pipes used in real estate. + +Industry tailwinds - PVC pipes prices are dependent on crude oil prices and crude is a major raw material for all this players. PVC prices have increased from 600 USD/MT to around 1700 USD/MT. Below is the PVC price chart from January 2018 to March 2021. + + +Finolex Industries - Finolex Industries is a major player in plastic pipes Industry especially in the agricultural space. + +PVC pipes sold in FY 21 - 2,12,060 metric tonnes (P.Y - 2,54,958 metric tonnes) + +Total Capacity - 3,70,000 metric tonnes. + +PVC resin sold - 2,36,086 metric tonnes (P.Y. - 239,188 metric tonnes) + +Key Factors for Finolex Industries - + +Backward Integration - Finolex Industries are backward integrated and they manufacture PVC resin which is a key component for PVC pipes. Entire demand for PVC pipes and fittings is absorbed by in-house manufacture of PVC resin and the company sells the balance to other parties. + +Cash and Carry Model - The company has a cash and carry model which means their debtor days are at 7. This means the company is more efficient in passing off the price fluctuations more efficiently than other players. This also means robust collection as evidenced by CFO/EBITDA ratio which stands at an impressive 87%. + +Assets - The company is net debt free and in an industry where other competitors(Jain Irrigation/ Kisan Moulding) are struggling with debt issues this is a big positive. The company holds land of 70 acres which should on conservative basis should be valued at 400 crores. The company also holds 14.53% share in Finolex Cables which is valued as on date at around 1139 crores. This gives assets on book at 1500 crores or 14% of the market capitalization. + +Reasonable Valuations - Finolex Industries is valued at 14.6x PE (12.5x if you exclude other assets) which is extraordinarily low compared to Peers - + +Astral Limited - 95.4 PE + +Supreme Industries - 27.5 PE + +Prince Pipes - 34.7 PE + +Possible Headwinds for Finolex Industries - + +Rapid growth of competitors - The growth of Astral Limited and Prince Pipes due to heavy advertisement has seen them gain market share and grow rapidly compared to Finolex Industries in the last few years, if the trend were to continue it could result in Finolex Industries losing substantial market share in the long run. + +Monsoon - Finolex industries sells 70% of PVC pipes in the agricultural space and 30% in the construction space. Incase of a poor monsoon, the company will be affected more adversely than it’s competitors. + +PVC price - Substantial drop in PVC pipes can result in a lot of profits recorded in the current year, this is an industry wide phenomena and will affect the entire industry. + +Conclusion - In Finolex Industries, I see a company which is reasonably valued in an industry which is expected to grow at 9%-10% in the agricultural space and at 14-15% in the non-agricultural/ construction space in addition to gaining market share from unorganized players. The possibility of failure of Jain Irrigation, a major player cannot be ruled out which may result in capturing of market share, however it is more likely the company may be acquired via NCLT. A dividend yield of over 2 percent is an added positive. + +Disclosure - Invested from Lower Levels. + +Market Cap of the company - Rs. 10793.2 crores +NSE: HDFCMFGETF + +I have lost almost all my money, which was over 1 lakh. + +Please can anyone tell me why has this happened and can I do something about it? + +[HDFC Gold ETF Share Price](https://www.google.com/search?q=NSE%3A+HDFCMFGETF&client=ms-android-samsung-gj-rev1&sourceid=chrome-mobile&ie=UTF-8) + +Edit: Thanks everyone for the replies. I know I should've directly gone to nse or bse website and found the stock split there. ETF on my icicidirect portfolio was 99% down and I thought I could get quick answers here. +Intel hasn't been this low since 2014; AMD and Nvidia are massive chip makers as well that will continue to produce. Even if these companies continue to slip up, on a long enough time frame, is there any substitute for these companies? Chip manufacturers are far and few between, so betting on these to bounce back seems pretty safe. Any specific pros and cons to looking at these chip manufacturing giants? +Some developer posted code showing listed liquidity pool wallets. Here’s the link to the thread: https://twitter.com/christalball93/status/1602716002831462400?s=46&t=Lc1za6KwaEsqALPorYJm7A +Callling out Westpac in particular because I'm a customer, but I'm sure other banks do this too. Commbank at least sends allows codes to be sent to its own app. + +Westpac need to allow other MFA options such as Authenticator apps. It's 2022. SMS verification is weak (also a pain in the ass if you're travelling and not using your Australian sim). + +Oh also. They still have a max character limit of the passwords capped at 6.... +We all love monthly dividends. However, we often find monthly payers where the underlying asset depreciates over time. These are some of my favorite ETFs that pay monthly that also appreciate. + +- SPHD +- PEY +- DGRW +- SPLV +- OUSA +- DHS + +I have all these except DHS. + +Monthly non-ETFs for me include + +- O +- STAG +- AGNC + +my question to all of you is what would your argument be against allocating a large portion of your portfolio in these monthly payers that also appreciate over time? Idk my goal is to kind of supplement/ replace income eventually and it seems a lot more doable if you were getting paid monthly vs quarterly. Thoughts?? + +Also, I'd love to hear of any monthly ETFs that are your favorite or non-ETFs as well!! +Sorry that this doesn't quite fit this sub. But I figure that some of you may have been through a similar scenario. + +Basically, I'm being promoted to General Manager of a small-medium sized manufacturing company. The current GM wants to step down but remain with the company in a more limited capacity towards the end of his career. + +This is a great company and I know that there is huge growth potential in the medium and even short term. I see many area of improvement from a financial management side and operations side which honestly are not even on the radar of the current GM. He's a good GM in many ways, but is not familiar with formal business administration or managerial accounting. I want to maximize my compensation package obviously, and I figure the only way to do that is to have either a performance bonus or equity stake. It's a private company that is owned by a larger corporation, so equity might be unrealistic. + +I should note that I'm almost completely certain that the current GM does not have an equity stake or performance bonus. + +Does anyone have any advice for me in general or on the salary negotiation side? + +*Edit: It sounds like there is a definite consensus that a minority equity stake in a private company is not ideal. Thanks for the input!* + +*Any thoughts on managing the transition? Remember the old GM will still be at the company. I think everything should be fine with this arrangement based of my experience with him, but what are your thoughts?* +[Source at IRS.gov](https://www.irs.gov/newsroom/irs-opens-2019-tax-filing-season-for-individual-filers-on-jan-27) + +The deadline to file 2019 tax returns and pay any tax owed is Wednesday, April 15, 2020.  + +Taxpayers can get free help preparing and filing taxes through [IRS Free File](https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free) online or [free tax help from trained volunteers](https://www.irs.gov/individuals/free-tax-return-preparation-for-you-by-volunteers) at community sites around the country.  + + +Why is it not progressive, so that I'm actually worse off earning $90,000 than $89,500? + +Why is it not based on taxable income? + +Why should I even have the option to pay a junk company for worthless insurance to save a couple of hundred bucks? Why is that a decision I am able to make? + +What the f\*\*k? + +To note, I've gotten Bronze Plus to just about break even which actually might give me some benefit if I get struck down by some unlikely ailment at my 24 years of age... but if this surcharge didn't exist and the gov. just taxed me an extra grand by tinkering with tax brackets I'd be just fine with not having PHI at all. + +Ugh. +[https://reason.com/2021/10/12/new-york-city-considers-requiring-landlords-to-provide-free-internet-to-tenants/#comments](https://reason.com/2021/10/12/new-york-city-considers-requiring-landlords-to-provide-free-internet-to-tenants/#comments) + +The war on landlords continues...I wonder if any of these people who write these laws were ever actual business owners. Do they just think every landlord is swimming in cash? +# 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. +And I couldn’t be happier, the big factors I had to consider was the new job has more opportunity for growth in the future, but it would have added 1 - 1.5 hours to my commute each day. I had a huge fear that my current employer would treat me differently because of this situation but they haven’t at all, and I’m working 4-7 hours of over time now (which I wouldn’t have been able to at the other job because of child care limitations and the extra commute. + +Advice from this sub urged me to push for more money and because of it I’m taking home $200+ a week, and that’s huge for my family. Thanks guys. +The stock market is changing, it has been made available to the masses. Companies are getting bad press, losing profits but yet the stock price goes up. We now have celebrities encouraging people to invest, take for example Kevin Hart, he was on Rogan’s podcast recently and talked about how he’s teaching the community how money works, now he mentioned stocks as investments and didn’t mention any specific companies but imagine had he specifically endorsed a stock and told his followers to buy the stock. People would literally open up Robinhood and buy it. The price would skyrocket. It wouldn’t matter if it was a good or bad stock. The stock market is about to become a popularity contest with big influencers dictating the price. Just my opinion +I have no idea what happened, but Coinbase closed my account supposedly for breaking the terms of service. The only recent transaction I had was selling ~$500 of ETH into my USD wallet, so I have no idea why my account is being closed. + +It's now asking me to empty my wallets pending account closure. However, when I go to the USD wallet it says "Select a bank account to which you will withdraw the funds". However, none of my bank accounts show up. There doesn't seem to be a way to add a bank account to which to deposit the funds. + +Am I screwed out of $500? What can I do? + +Hey everyone, + +this is the third time I have had to repost this because....moderators. + +Anyways, lets try this again. + +I have created a trading bot that takes advantage of the Thinkorswim scanners and alerts system. + +If you are like me, I like the ease of use and power of developing strategies with Thinkorswim. + +Unfortunately, there is no direct way through TDAmeritrade's API to check for stocks that may meet a strategies entry or exit criteria, atleast a way thats effective. + +That being said, I have developed a way to use the TOS alerts to algotrade. + +Here's how it works (in a nutshell): + +1. I create strategies in Thinkorswim using thinkscript. +2. I then create scanners for those strategies. +3. I then set alerts for the scanners. +4. If symbol populates inside scanner list, an email is sent to a specific, non-primary gmail address. +5. Then, my trading bot, which is continuously scraping the gmail account, finds the alert, picks apart the needed data, and trades accordingly. + +Here are the links to my Github to make the moderators happy: + +[https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim](https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim) + +[https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim](https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim) + +[https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim](https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim) + +[https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim](https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim) + +I've been using this program since last October, and without giving details, I can vouch that it works and is profitable. That being said, this program is only as good as the strategies you create. Results may vary. I am not liable for any profits or losses, and algotrading is very risky, so use it at your own risk. + +There are almost 1500 lines of Python code, and it's to complex to post here. Therefore, visit my [repo](https://github.com/TreyThomas93/python-trading-bot-with-thinkorswim) for a very elaborate and detailed explanation on the ins and outs of this program. You most likely will have questions, even after reading the README, but I am more than willing to answer any questions you have. Just contact me via Reddit, Github, or email. + +Thanks, Trey +As the title says, I just bought a used car for the first time this past weekend. While I am very happy about the car and I think I found a good deal, honestly I found the entire car buying experience terrible so I figured I would try to share what I learned from this experience. Keep in mind that this is really a write-up about buying a used car from a dealership and not a private seller. + + +**Start a spreadsheet.** + +Seriously. Just do it. You will be looking up a bunch of cars from many different dealerships, and when your email/voicemail is full of them trying to schedule appointments, you will be relieved when you can reference your handy spreadsheet. Mine included year, model, color, dealership, link, listing price, quoted price, and whether the car fax showed any accidents or damage. + + +**The true price.** + +Most used car dealerships advertise on cars, autotrader, carsforsale, etc. 90% of the time the price you see is misleading. This is because the price they advertise is the “internet price”, which does not include the following: + +* Taxes (Look up sales tax rates for your state) + +* “Dealer prep” fees + +* Document fees + +* Title and tag fees + +* Financing fees + +* Rebate fees (more on this below) + + +After adding all of those fees, a $10k car could easily become a $13k-14k car. On the topic of rebates, that “internet price” I mentioned before is the price that the car WOULD BE if you qualified for every available rebate. These rebates would often include active military, recent college graduate, or if you bought a car at that dealership in the past XX years. One Jeep that I looked at was listed at $11.5k, but since I didn’t qualify for those rebates it jumped up to $14k - and that didn’t even include the other fees! Always try to look at the fine print listed in these internet ads. + + +Before making a physical appointment, I always asked for a quote for the full “out-the-door” price. This includes taxes, fees, “rebates” I qualified for, etc. This was useful for a couple of reasons. The transparency let me know if it was actually in my budget before I invested myself any further. Also, this gave me an idea of the dealer would be easy to work with or not. A dealer that is not willing to give a quote is honestly not worth the hassle. This leads us to our next point. + + +**Find A Good Dealership** + +Despite the stereotypes, not all dealerships and used car salesmen are scum of the earth. Look at their ratings on Yelp, Google, etc. I strongly encourage you to only shop at a dealer with decent ratings. Like I mentioned in the pricing section, I only invested my time with dealerships that would give me a ballpark quote for the price that was out of the door. Most dealers will offer some type of service incentive to buy their vehicles, and it’s important to remember that you may be working with this particular dealership in the future. See how they talk to you during negotiations – are they polite, arrogant, pushy, or pleasant? This is your purchase, do not let them sour it for you. + + +**Be realistic about your expectations.** + +You probably won’t be able to get a new car for 1/10th the price. Used cars are just that - used. They may have been in accidents, they may be scratched, dirty, have a smell. Not all of them - some will be detailed, some will have more maintenance than others. When possible, ask the dealer how much maintenance and repairs they have invested in that vehicle. ANY decent dealer would be able to pull up that number for you. Regardless, know your budget and what you should expect with that budget. If your budget is $5k, you most likely won’t get a car that is less than 8 years old and has less than 90k miles. + + +**An accident is not necessarily a deal breaker.** + +If the carfax shows an accident, don’t close the door just yet. Try to find out more. Did the car slide into another parked car? Was the accident reported in 2012, and then continued to drive for 8 years? Was the damage superficial, structural, to the engine? Once you find out the true nature of the accident, you might be surprised by what you are comfortable with. + + +**Negotiating** + +So you finally found a car you like. It’s in your budget. It has good miles. It appears to be in good shape. You’re about to go in and see the car in-person. Keep this in mind: the dealers goal is to close the deal the first time you visit. The best approach is to go in prepared: + +* Know what a good deal for that car is + +* Know at least one equivalent year/model car from a different dealership. Tell the current dealership that after you’re done at this dealership you are planning on going to another dealership to compare a similar make and model. This will make them want to “out-due” the other dealer. + +* Draw a line: assuming the car is up to your standards, set a price that you would accept if offered. I guarantee they will ask anyway. Take a few minutes before you go into the dealer and ask yourself “What price would I be willing to accept today?”. My recommendation is to name a near crazy good number. Keep in mind that the number that you tell them will become your lower floor number, and no negotiations in the future will ever go below this number again. + +* Talk about all of the negatives of the car. Was it ever damaged/involved in an accident? Is it higher than average miles? Scratches, dings? Do all of the electronics work? + +* Even if you do not qualify, **ask for the rebates anyway**. The worst they can say is no, the best they can do is save you thousands of dollars. + + +**Financing: The average consumer is stupid. Don’t be average.** + +Know your shit. Understand how financing works. Understand interest rates, life value of the loan, and payments. Become familiar with the “PMT”, “PV”, and “FV” functions in excel. If you need to finance *through the dealership*, keep in mind that you will most likely end up paying a financing fee. This fee will range anywhere from $500-$800. I would never recommend taking out an auto-loan for longer than 2 years. **If you can’t pay off the loan in 2 years, you cannot afford the loan.** + + +*Edit: Getting some flack for the above statement. I guess that while in some situations a low interest rate longer term loan makes more sense, I would just encourage users to be very careful and meticulous when sorting through the longer term financing options.* + + +If you get to the financing stage, be very careful about it. I had a highly rated dealership, and they still tried to pull some fast ones at this stage. For example, I wanted to put about $6k as a down-payment and wanted to finance the other $5.7k. When they pulled up my options, I saw 4 different monthly payments. These plans differed based on if I elected to get additional ‘coverage’ (tire rims, an extended warranty, etc). What made me angry was that **NONE of the payment options listed we’re reflective of the raw price, without any elective coverage.** The cheapest option I saw was ~$35 higher per month than the financing alone. I had to actually ask the dealer to show me a financing plan that did not elect any other additional coverage. Do not be afraid to whip out your calculator. This is your show and they are only the supporting cast members. + +To summarize, most of these tips are about being organized, prepared, and patient. You will most likely sort through many crappy dealerships that are not worth your time. Make a spreadsheet. If you have a budget, stay within in it. Get out-the-door quotes. Gauge your dealer's attitudes. Know competitors, and research the historical price range for this make/model/mileage car. Be prepared to negotiate, and be prepared to walk away. +Hi everyone, + +I thought I'd share my recent experience searching for a new job. If I was better with spreadsheets maybe I could have done some visualizations. + +&#x200B; + +**My Background** + +* Age 27 & living in Sydney - Applying for roles in Sydney +* Australian Citizen - Born/raised in Sydney +* Bachelors Degree in Business Information Systems +* Working in a very large (10k+ employees) company since 2016 and have previous work experience during uni +* Applying for admin type roles - Admin Assistant, Team Assistant, Executive Assistant or similar + +I've been looking for a new role for a while as I really didn't enjoy what I was doing previously. I was a BA in IT, but mid last year I was able to move internally in my company into an admin role. + +I've been applying for jobs on and off for about a year and a half now (Also applied to uni but decided not to go through with it), but only starting tracking seriously in around January 2021 when I didn't get into the course I wanted and so got serious about needing a change. + +&#x200B; + +**Application Outcomes** + +* *Applications made between 10/01/2021 and 12/03/2021.* +* *Applications were for roles primarily in the Sydney CBD, North Sydney and Western Sydney* +* *The organizations were varied and included Government, Finance, Insurance, and Legal services.* + +|||| +|:-|:-|:-| +|Total Applications|39|| +|Rejected - No Response|17|| +|Rejected - Response|18|| +|Rejected after additional screening|1|| +|Interviews Offered|3|| +|Positions Offered|2|| + +&#x200B; + +**Response Times** + +|||| +|:-|:-|:-| +|No Response|17|| +|Shortest Response Time|Same Day|| +|Longest Response Time|36 Days|| +|Average Number of Days|16 Days|| +|||| + +&#x200B; + +**Salary Advertised (Including Super)** + +*I only applied for roles where the advertised salary was above 60k, or I believed it would be lower. I did see some ridiculously low advertisements such as 30k for a Full Time role aimed at a school leaver, or Assistant Type roles where you would be expected to book their personal holidays on your weekends and use a specific coffee machine...* + +*\*When I say low and high, I am referring to the advertised salary range.* + +|||| +|:-|:-|:-| +|Advertised salary|22|| +|Did not advertise salary|17|| +|Average Low\*|$71,800|| +|Average High\*|$78,380|| +|Average Salary|$75,075|| +|Median Salary|$74,000|| +|||| + +&#x200B; + +**Offers** + +|Job 1|60k (inc. super)|Declined this as I felt the company was too small so there wouldn't be career growth. I'd only been applying seriously for around 2 weeks at that point so I thought something else would come along.| +|:-|:-|:-| +|Job 2|80k (inc. super)|Accepted this role.| + +&#x200B; + +**Summary** + +* Could I have applied for more jobs? **Absolutely**. I have anxiety and some weeks it just felt like rejection after rejection so I stopped looking. I got rejection emails for at least 2 different jobs twice. Some days, especially in January there would just be no good jobs advertised. +* The 3rd interview I went to, I withdrew at the end of the interview. Wasn't the right fit for me, but the interview was good experience. +* Going back through my inbox I have for job applications, 94 appear to be dated 2020. I remember going to a video interview for one during the first Covid lockdown, and they ghosted me afterwards. I don't have any data on those about salary or when I got responses back so I've just used the stuff I actually tracked recently. There would also have been 2-3 applications internally with the organisation I'm now leaving. + +&#x200B; + +**TLDR;** Applying for jobs is the worst and I really hope I don't hate my new job. I hope my data is mildly insightful. +During the inflationary periods of 1966 - 1981 (data from BLS, seasonally adjusted; series id - CUSR0000SA0), the S&P500 returned a total of only 32.95% which works out to a CAGR of 1.80% per annum over a period of 16 years ([https://stooq.com/q/d/?s=%5Espx&c=0&d1=19480101&d2=19540630](https://stooq.com/q/d/?s=%5Espx&c=0&d1=19480101&d2=19540630) \- source for S&P500 data). + +[https://preview.redd.it/jxla4ucmj9j91.jpg?width=1280&format=pjpg&auto=webp&s=6fb01cb66d7d481950945e004aac10b6d4577a58](https://preview.redd.it/jxla4ucmj9j91.jpg?width=1280&format=pjpg&auto=webp&s=6fb01cb66d7d481950945e004aac10b6d4577a58) (Total Return on the S&P500 between 1966 - 1981. % Change on Left Axis and Index Level on Right Axis) + +[https://preview.redd.it/z8nocwcmj9j91.jpg?width=1280&format=pjpg&auto=webp&s=c2452cebcf548a915267287daa3a23631e4827de](https://preview.redd.it/z8nocwcmj9j91.jpg?width=1280&format=pjpg&auto=webp&s=c2452cebcf548a915267287daa3a23631e4827de) (Index Level Start in 1966 and end in 1981 along with % returns) + +&#x200B; + +1. **How can value investors deal with such a scenario? Or would value avoid this trap because they avoid growth stocks during this period and since the Index consists of growth stocks and not only value stocks, hence the Index is trapped.** +2. **How would passive index investors or for that matter any investor deal with the psychological pressure of such dismal returns? Because this is not just a few years, this is literally a decade and a half, and it may possibly happen again.** +3. **What strategies (if any) would one/should one have in place OR initiate to help in such a scenario?** + +Also, when you look at shorter time frames, such as the periods between 1966 - 1975 and between 1966 - 1970, the results aren't that great. In fact, they are a bit worse. Refer to the images below. + +**The below two images are for the period between 1966 - 1975. The S&P500 returned a total of only -2.16% which works out to a CAGR of -0.22% per annum over a period of 10 years.** + +[**https://preview.redd.it/g2ad2904l9j91.jpg?width=1280&format=pjpg&auto=webp&s=18b37336f24125ccc8ba5ecca119a218320521e9**](https://preview.redd.it/g2ad2904l9j91.jpg?width=1280&format=pjpg&auto=webp&s=18b37336f24125ccc8ba5ecca119a218320521e9) **(**Total Return on the S&P500 between 1966 - 1975. % Change on Left Axis and Index Level on Right Axis) + +[https://preview.redd.it/0lallj04l9j91.jpg?width=1280&format=pjpg&auto=webp&s=74803340dcabc6c124246830c834936b460c75ff](https://preview.redd.it/0lallj04l9j91.jpg?width=1280&format=pjpg&auto=webp&s=74803340dcabc6c124246830c834936b460c75ff) (Index Level Start in 1966 and end in 1975 along with % returns) + +**The next two images are for the period between 1966 - 1970. The S&P500 returned a total of only -0.03% which works out to a CAGR of -0.007% per annum over a period of 5 years.** + +[**https://preview.redd.it/q948occpl9j91.jpg?width=1280&format=pjpg&auto=webp&s=cd2d14b25bcbe712afaa0a49cae1d641c793907c**](https://preview.redd.it/q948occpl9j91.jpg?width=1280&format=pjpg&auto=webp&s=cd2d14b25bcbe712afaa0a49cae1d641c793907c) **(**Total Return on the S&P500 between 1966 - 1970. % Change on Left Axis and Index Level on Right Axis) + +[https://preview.redd.it/5ki62ecpl9j91.jpg?width=1280&format=pjpg&auto=webp&s=4d762247c51d507a0fcca5a2063422f1ee4e04a2](https://preview.redd.it/5ki62ecpl9j91.jpg?width=1280&format=pjpg&auto=webp&s=4d762247c51d507a0fcca5a2063422f1ee4e04a2) (Index Level Start in 1966 and end in 1975 along with % returns) + +**TL;DR - Inflation can cause pain in investing.** +&nbsp; + +Doing my daily r/Superstonk scroll in bed before I go to sleep, and saw everyone bashing BCG, and I just can't go to sleep without getting in on the fun! Was the $30M worth it BCG? [BWAHAHAHA.](https://www.youtube.com/watch?v=7edeOEuXdMU) Before, during and after reading the post, ask yourself, [is it all a coincidence?](https://www.reddit.com/r/Superstonk/comments/tyukdx/speaks_for_itself/) + +&nbsp; + +If not for GME, would we have remained ignorant to the reality that is the systemic corruption in the financial markets, while being constantly gaslighted? + +&nbsp; + +[Since 2018, BCG has received 137 contracts awarding them over $800,000,000 from the FEDERAL GOVERNMENT](https://www.reddit.com/r/Superstonk/comments/tyk07f/since_2018_bcg_has_received_137_contracts/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). Mitt Romney [got his start at Boston Consulting Group](https://www.rollingstone.com/politics/politics-news/greed-and-debt-the-true-story-of-mitt-romney-and-bain-capital-183291/) + +**Nearly 70% of BCG's total award amount comes from the Department of Defense**. Guess who sits on the United States Senate Committee on Homeland Security and Governmental Affairs? + + +&nbsp; + + + +After completing his undergraduate degree at Yale, [Andrew Towne](https://en.wikipedia.org/wiki/Andrew_Towne) served as an analyst for the **Central Intelligence Agency**. He also worked for the Office of the **Director of National Intelligence** and served as an analyst in Iraq during the Iraq War. In 2015, he took a position as a management consultant for the **Boston Consulting Group's** Minneapolis office, where he remains employed. + +&nbsp; + +[Christopher Murray +Founder and CEO at Infinite Reach Consulting, LLC](https://www.linkedin.com/in/christopher-murray-7b647060) + +>Senior Advisor +>Boston Consulting Group (BCG) +>Jan 2021 - Present 1 year 4 months + +>Senior Executive +>Central Intelligence Agency +>Dec 1985 - Oct 2019 **33 years 11 months** + +&nbsp; + + +&nbsp; + +[Angolan Rebel Lays Killings to a C.I.A. Plot](https://www.nytimes.com/1992/05/05/world/angolan-rebel-lays-killings-to-a-cia-plot.html) + +**Beginning in 1975, the CIA participated in the Angolan Civil War, hiring and training American, British, French and Portuguese private military contractors, as well as training National Union for the Total Independence of Angola (UNITA) rebels under Jonas Savimbi, to fight against the Popular Movement for the Liberation of Angola (MPLA) led by Agostinho Neto.** + +[BCG along with PwC (Evergrande's auditors) helped loot the country of Angola through a network of 400 companies and other consulting firms. They helped Isabel dos Santos, daughter of the former president of Angola, become a billionaire allegedly by plundering state coffers.](https://www.reddit.com/r/Superstonk/comments/tnjew5/boston_consulting_group_and_other_consulting/) + +&nbsp; + +[RC might be taking on "The Big Three", the world's three largest strategy consulting firms because they are nepotic and inter-connected at an elite level:](https://www.reddit.com/r/Superstonk/comments/tyj89t/children_and_animals_must_be_protected_at_all/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +- McKinsey & Company + +- Boston Consulting Group + +- Bain & Company + +&nbsp; + +[Robert Morette](https://www.linkedin.com/in/robert-morette-9318338) + +>Advisory Partner at **Bain & Company** +>**17 years 4 months** + +>Senior Managing Director +>**Citadel Investment Group** +>2000 - 2004 - **4 years** + +>Partner +>The **Boston Consulting Group** +>Sep 1983 - Mar 2000 - **16 years 7 months** + +&nbsp; + +[Enron is the house that McKinsey rebuilt.](https://www.theguardian.com/business/2002/mar/24/enron.theobserver) Goldman Is Evil But [McKinsey Is Worse.](https://www.nakedcapitalism.com/2021/02/goldman-is-evil-but-mckinsey-is-worse.html) + +>**McKinsey agreed to pay $573 million to settle claims with 47 states and the District of Columbia related to the recommendations it provided to Purdue Pharma and other drug companies for their opioid businesses, with no admission of wrongdoing**. + +&nbsp; + + + +Let me introduce you to [Bill Browder](https://en.wikipedia.org/wiki/Bill_Browder). Browder lobbied for Congress to pass the Magnitsky Act, a law to punish Russian human rights violators, which was signed into law in 2012 by President Barack Obama. As you'll notice in this next section, people around him tend to die. + +He's also a [compulsive liar](https://www.thekomisarscoop.com/2018/04/browder-commits-identity-theft-his-victim-of-police-violence-in-moscow-2007-is-a-1961-us-freedom-rider-2/), a thief, and his [whole Russian investing operation was built on companies set up by the money-laundering Mossack Fonseca](https://www.thekomisarscoop.com/2018/03/browders-shell-company-agent-mossack-fonseca-shuts-down-will-media-report-his-connection/), which [ICIJ Investigators of the Panama Papers conveniently ignored](https://www.theguardian.com/news/2016/apr/08/mossack-fonseca-law-firm-hide-money-panama-papers), at least **according to Lucy Komisar.** + +>[**The Council on Foreign Relations**](https://www.thekomisarscoop.com/2018/02/cfr-report-with-no-evidence-promotes-fake-browder-magnitsky-story/#searchModal) is a neoliberal, neocon organization that **represents the interests of the wealthy 10% and the corporate-military-surveillance state.** I’ve been a member since 1994. + +- Lucy Komisar. + + +&nbsp; + +Browder studied economics at the **University of Chicago**, and then did a stint at the **management-consulting firm Bain & Company**. In 1989, he got his M.B.A. at Stanford before going to Poland as a **consultant for the Boston Consulting Group in London, then worked as the investment manager for Israeli Spy Robert Maxwell**, in 1991, [shortly before Maxwell’s untimely death](https://imgur.com/gallery/veODbXU). After that, he **managed the Russian proprietary investments desk at Salomon Brothers**. Using startup seed money given him by Republic Bank of New York owner Edmond Safra, Browder started Hermitage Capital Management in Moscow. **Safra also died mysteriously in a fire at his home**. HMC was **at one point the largest foreign investor in Russia.** + + + +&nbsp; + +>Maxwell was last in contact with the crew of Lady Ghislaine but was found to be missing later in the morning. He was presumed to have fallen overboard from the vessel, which was cruising off the Canary Islands. The official ruling at an inquest held in December 1991 was death by a heart attack combined with accidental drowning, although **three pathologists had been unable to agree on the cause of his death at the inquest**; he had been found to have been suffering from serious heart and lung conditions. Murder was ruled out by the judge and, in effect, so was suicide. His son discounted the possibility of suicide, saying, "**I think it is highly unlikely that he would have taken his own life, it wasn't in his makeup or his mentality.**" + +>In December 1999, Safra and nurse Vivian Torrente were suffocated by fumes in a fire deliberately lit at the billionaire's Monaco home, where he apparently felt so safe that he did not have his Mossad trained bodyguards stay the night. + +Robert Maxwell was involved with the British intelligence service MI6 during the war and, after the war, was **befriended by Count Frederich vanden Huevel, who had worked closely with Allen Dulles during the war. Dulles went on to be the first director of the Central Intelligence Agency (CIA) and, during the war, was busy running interference for prominent Nazis and actively undermining FDR’s “total surrender” policy for senior Nazi leadership.** He is the father of [Ghislaine Maxwell](https://unlimitedhangout.com/2021/12/investigative-reports/meet-ghislaine-daddys-girl/), convicted sex trafficker and girlfriend of [Jeffrey Epstein](https://i.insider.com/60e2ef8e93b49f0018ee07c2?width=1200&format=jpeg), child [sex trafficker](https://static01.nyt.com/images/2019/10/08/business/00epgates1/00epgates1-jumbo-v3.jpg) and [pedophile](https://www.thetimes.co.uk/imageserver/image/%2Fmethode%2Ftimes%2Fprod%2Fweb%2Fbin%2F7652efaa-3593-11eb-9999-78711a047ec4.jpg?crop=861%2C574%2C0%2C0). + +Rafi Eitan, was serving as the head of the (now defunct) **Israeli intelligence service known as Lekem** when he heard of a revolutionary new software program being used by the US Department of Justice. The program was known by its acronym **PROMIS**. Eitan had learned of PROMIS from **Earl Brian, a longtime associate of Ronald Reagan who had previously worked for the CIA**. PROMIS is often considered to be the **forerunner of the [PRISM software](https://en.wikipedia.org/wiki/PRISM_(surveillance_program)) used by US and allied spy agencies today** and was developed by former NSA official Bill Hamilton. Hamilton had leased the software to the US Department of Justice through his company, Inslaw Inc., in 1982. + +Eitan and Brian **hatched a plan to install a “trapdoor” into the software and then sell PROMIS throughout the world, providing Israel with invaluable intelligence** on the operations of its enemies and allies. According to the **testimony of former Israeli intelligence officer Ari Ben-Menashe, Brian provided a copy of PROMIS to Israeli military intelligence, which contacted an Israeli American programmer living in California. That programmer then planted a trapdoor or back door into the software.** + +**Once the back door was installed, Brian attempted to use his company Hadron Inc. to market the bugged PROMIS software around the world**. Having been **unsuccessful at trying to buy out Inslaw, Brian turned to his close friend Attorney General Ed Meese, whose Justice Department abruptly refused to make payments to Inslaw that were stipulated by contract, essentially using the software for free**. Hamilton and Inslaw claimed that this was theft. Some have speculated that Meese’s role in that decision was shaped not only by his friendship with Brian but also by the fact that his wife was a major investor in Brian’s business ventures. + +Meese’s actions forced Inslaw into bankruptcy, and Inslaw subsequently **sued the Justice Department, with the court finding that the Meese-led department “took, converted, [and] stole” the software through “trickery, fraud and deceit.”** Meanwhile, with Inslaw seemingly out of the way, Brian sold the bugged software to Jordan’s intelligence service, which was a major boon for Israel, and to a handful of private companies. Eitan, nevertheless, was **unsatisfied with Brian’s progress and quickly turned to the person he thought could most effectively sell PROMIS to governments of interest all over the world—Robert Maxwell.** + +&nbsp; + + +>In 2007–2008, as U.S. attorney, Acosta **approved a plea deal that allowed child-trafficking ring-leader Jeffrey Epstein to plead guilty to a single state charge of solicitation, in exchange for a federal non-prosecution agreement.** + +**[“I Was Told Epstein ‘Belonged to Intelligence’ And to Leave It Alone.”](https://talkingpointsmemo.com/edblog/i-was-told-epstein-belonged-to-intelligence-and-to-leave-it-alone)** - Alex Acosta, 27th United States Secretary of Labor from 2017 to 2019 under President Ronald Dump + +[GODS OF THE SUN, part 1.2 - Manipulating the meme stock narrative, RC’s “Sears” tweet, Vulture Funds, Apollo Global Management, who Adam Aron really is, Epstein, Goldman Sachs, and the TOTAL ECLIPSE of the SUN. (Wow, eh?)](https://web.archive.org/web/20210608041437/https://www.reddit.com/r/Superstonk/comments/nuud15/gods_of_the_sun_part_12_manipulating_the_meme/) + +>**Apollo Global Management, a vulture fund founded by Leon Black, the Apollo founding CEO who stepped down as CEO and from the board for paying Jeffrey Epstein $158 million dollars. Why is that relevant to our favorite stock? Apollo Global tried to orchestrate a leveraged buyout of GameStop in 2019. Mr.Black attributes a sizeable part of his family wealth to Epstein, estimating that as much as $2bn in benefits can be traced back to the late paedophile’s financial acumen.** + +>Guzel Ganieva, a former model who went on to earn a business degree from Columbia and attended law school, claims that Black, former CEO of Apollo Global Management, was a “predator” who “forced sadistic sexual acts on her without her consent,” then demanded she sign a non-disclosure agreement, telling her he would “destroy her” if she ever told anyone about his conduct + + +&nbsp; + + +##**[The secretive consulting firm that’s become Trident’s Cabinet in waiting](https://imgur.com/a/U3p0dBb)** + +Under a financial disclosure filed by the Trident transition team in December 2020, Antony Blinken declared that **clients of WestExec included "investment giant Blackstone, Bank of America, Facebook, McKinsey & Company, the Japanese conglomerate SoftBank, the Royal Bank of Canada, and the venerable Sotheby's".** + +The firm, which now looks like a government-in-waiting for the next administration, was founded in 2017 by **Tony Blinken**, President-elect Jon Trident’s choice for **secretary of State**, and **Michèle Flournoy, a top contender for secretary of Defense**. And one of its former principals, Avril Haines, is Trident’s pick for director of national intelligence. **Blinken is a member of the Council on Foreign Relations.** + +Michèle Flournoy speaking at the [Milken Institute 2019 Global Conference](https://milkeninstitute.org/events/global-conference-2019/speakers) She is a member of the **Aspen Strategy Group, the Council on Foreign Relations, and the CIA's External Advisory Board**. [WestExec](https://en.wikipedia.org/wiki/WestExec_Advisors) has come under fire in from watchdog groups that are concerned that Flournoy has been too cozy with the defense industry, citing her work for the **Boston Consulting Group.** The Project on Government Oversight published a critique of Flournoy by two former veteran defense policy wonks citing all three of those affiliations, as well as her perch on the board of **Booz Allen Hamilton, a major Pentagon contractor.** + +&nbsp; + +The main activities of the [Aspen Strategy Group](https://en.wikipedia.org/wiki/Aspen_Strategy_Group) include..... the Aspen Ministers Forum, led by **Madeleine K. Albright**, which convenes former foreign ministers from around the world to focus on international security. ASG is part of The Aspen Institute, which is largely funded by foundations such as the **Carnegie Corporation, the Rockefeller Brothers Fund, the Gates Foundation, the Lumina Foundation, and the Ford Foundation.** + +&nbsp; + +Why is the **Deputy Treasury Secretary under Yellen and BlackRock's ex Chief of Staff, Wally Adeyemo [having zoom meetings](https://www.youtube.com/watch?v=_tOEsjdlRHw&t=4039s +) about rebuilding the post-pandemic economic recovery with Henry Paulsen**, the **[current Co-Chair of the Aspen Strategy Group](https://www.economicstrategygroup.org/members/hank-paulson/) and former CEO of Goldman Sachs [responsible for creating toxic CDO's that crashed the american economy in 2008?](https://www.deepcapture.com/2010/04/goldman-sachs-john-paulson-and-the-hedge-funds-that-pumped-and-dumped-our-economy/)** + +&nbsp; + +[Ken Griffin (Citadel), Steven Cohen (Sac Capital) and Goldman Sachs were suspected of being behind the massive "short and distort" attacks that brought down Bear Stearns and Lehman Brothers and that kick-started the 2008 financial crisis.](https://www.reddit.com/r/Superstonk/comments/ttnyrn/ken_griffin_citadel_steven_cohen_sac_capital_and/) + +&nbsp; + +>In 2004, **Henry Paulson, the CEO of Goldman Sachs, helped lobby the SEC to relax limits on leverage, allowing the banks to sharply increase their borrowing**. Basically, the SEC allowed investment banks to gamble a lot more. Investment banks would go up to about 33-to-1 leverage at the time of the 2008 crash. Which means if a 3% decrease occurred in their asset base, it would leave them insolvent. Henry **Paulson would later become the Secretary Of The Treasury from 2006 to 2009. He was just one of many Wall Street executives to eventually make it into Government positions. Including the infamous Gary Gensler, the current SEC chairman, who helped block derivative market regulations.** + +&nbsp; + +>The Government also then **took over AIG, and a day after the takeover, asked the Government for $700B in bailouts for big banks. At this point in time, the person in charge of handling the financial crisis, Henry Paulson, former CEO of Goldman Sachs, worked with the chairman of the Federal Reserve to force AIG to pay Goldman Sachs some of its bailout money at 100-cents on the dollar. Meaning there was no negotiation of lower prices.** Conflict of interest much? + +&nbsp; + +>**The Fed and Henry Paulson also forced AIG to surrender their right to sue Goldman Sachs and other banks for fraud.** + + +&nbsp; + +Just so you get an idea of who [Madeleine Albright](https://theintercept.com/2022/03/25/madeleine-albright-dead-iraq-war-herbalife/) is: + +&nbsp; + +>“We have heard that a half-million children have died. I mean, that’s more children than died in Hiroshima. And, you know, is the price worth it?” + +&nbsp; + +>Albright responded with chilling equanimity: [“I think this is a very hard choice, but the price — we think the price is worth it.”](https://www.youtube.com/shorts/1T5JRVR53Eo) + +&nbsp; + +In June 2013, **Edward Snowden—at the time a Booz Allen employee** contracted to projects of the National Security Agency (NSA)—publicly disclosed details of **classified mass surveillance and data collection programs, including PRISM**. Due to the company's important government services, “the government is unlikely to let the company go out of business. It's **too connected to fail**”. According to government watchdog OpenSecrets, “**4 out of 6 Booz Allen Hamilton lobbyists in 2015-2016 have previously held government jobs”.** + +&nbsp; + +#[NSA Prism program taps in to user data of Apple, Google and others](https://www.theguardian.com/world/2013/jun/06/us-tech-giants-nsa-data) + +&nbsp; + +>A chart prepared by the NSA, contained within the top-secret document obtained by the Guardian, underscores **the breadth of the data it is able to obtain: email, video and voice chat, videos, photos, voice-over-IP (Skype, for example) chats, file transfers, social networking details, and more, to obtain targeted communications without having to request them from the service providers and without having to obtain individual court orders.** NSA is able to reach directly into the servers of the participating companies and obtain both stored communications as well as perform real-time collection on targeted users. + + +&nbsp; + + +---------------------------------------------------------------------------------------------------------------- + +&nbsp; + +##Despite a slowly increasing level of consumption the status of the workers as workers has not fundamentally altered. The working class remains exploited. It remains robbed of roughly half the product of its labour which goes to the parasitic consumption of the exploiting class, to the expenditure of the exploiters' State, and into investments over which the workers have no control. The nature and objective of these investments are determined by the class nature of society, by the interests of its ruling class. A given pattern of investment serves to reinforce and reproduce a given type of social structure. + +&nbsp; + +##The fate of the workers in political and social life has not changed either. The workers remain a subordinated class. [The whole orientation of modern society (of its economy, of its State, of its housing, of its education, of the objects it will consume and of the news it will get, of the questions of war and peace themselves) remains decided by a self-perpetuating minority](https://www.youtube.com/watch?v=r6w5gPtChhU). The mass of the population have no power whatsoever over this minority, be the society 'democratic' or 'totalitarian'. + +&nbsp; + +[is it all a coincidence?](https://www.reddit.com/r/Superstonk/comments/tyukdx/speaks_for_itself/) +Sold a CC on my AAPL a couple months ago. The underlying rose much quicker and consistently than I anticipated so I've been rolling the CC ever since. Ideally, I'd have these shares freed up again so I can keep holding for the long term. Should I wait for a dip and just buy the CC back, keep rolling the CC for the rest of my life, or something else that's more advantageous that I haven't thought of yet? Thanks in advance. + +https://preview.redd.it/06th8w2569881.png?width=1781&format=png&auto=webp&s=2f442063ff33d2789c8e096a0b6c633aab4b498f +It's April 2011, I am mining on some number of Radeon 5850s making around 1.1 BTC each day. The price is crossing $2. + +It's May 2011, I am mining on some number of Radeon 5850s, doubled. Mining difficulty is climbing quickly, and so is the price. We're almost at $10 by the end of the month and I'm still making around 1 BTC per day, somehow managing to stay on par with the difficulty as I buy more graphics cards. + +It's early June, and as I am powering on even more GPUs, the price hits roughly $32 before halving over that weekend. + +November 2011, we reach $2 after several months of everyone declaring it dead. I am on something like 8 5850s now, probably still making around 1BTC, maybe a bit less, it's difficult to remember after 10 years. After the monstrous crash of about $30, things begin to pick up by the end of the year and we enter 2012 at about $5. + +We crash from $7 to $4 between January and February, then from $13 to $8 over one weekend in August. It's dead, each time. + +It's 2013 and things are batshit insane. We have some minor 10% drops through the year but everyone is buying. Everyone is mining. I heat my new rental property with Radeon 7990s and only heat the house with graphics cards during the entire winter from 2012-2013. About 11 steps up the stairs, you go from freezing cold to being blasted with heat, like when you exit the plane into Spain. + +By April we all lose our shit and people are buying bitcoin for $100. By the 9th they are paying $200 and within a week decide that $70 is more reasonable - a 66% drop in a week. Of course, people can't make up their minds whether Bitcoin is a scam or if it's the future of humanity, so the price goes haywire and we see regular gains and drops of 10/20/30%. + +It's November 2013. Bitcoin is not a scam. Clearly, because it's now worth $200. Or is it worth $650? No, it's worth $550. Now it's $700. Nope, $1,100. Now it's $950. + +Now it's December and it's $1,100 again. But what the hell is going on, MtGox won't let me log in despite me not sleeping and spending the last 15 hours through the night trying. Now I'm late for work and I've lost 20% of my money, even though I've actually gained 1000% this year, I'm only bothered about losing 20% of what I had a day ago, just like literally everyone else. + +It's 2014. It's also most of 2015. The entirety of both years. Bitcoin is dead. Never coming back. We're down to $200. Mining still makes me the same $2-3/day that it ever has, even though the 1BTC/day from 2011 is now worth $200+/day. I give up. Everyone else gives up after buying these new things called shitcoins. I forget, not bothering to sell what I had left as it's barely enough to buy a small used car. + +It's 2016 and apparently Bitcoin has tripled since I last looked at it. What. You what. What. Everyone now wants Ethereums. It's like Bitcoin, but it'll fit on my hard drive. Everyone's shitcoins have disappeared. The however many thousands of Doggo coins I mined before I quit have disappeared along with the exchange. Ethereums are bringing out these new shitcoins that actually do something, like Golem, which is like Seti@home but will eventually literally do everything and generate an income for you. Great! Ethereum shitcoins are not called shitcoins. The world of cryptocurrency is very different to how i remember it. I swap half my BTC for ETH and then 80% of that for various tokens. + +It's 2017. Nothing bad is happening. Everyone is investing in ICOs for non-shitcoins. Everyone's making $2k/day just trading. Everyone's also making $500-2k/day just holding. Everyone has bitcoin and ether, as well as a tonne of ERC-20 tokens. Some people also have Bitconnect which seems very much like the HYIPs I used to join during my PTC/PTS days as a teenager. Seems like a scam, no good. Ethereum has several 20-30% drops throughout the year. Seems normal, I'm no longer phased after 2013. Everyone in my office is interested. They all discuss it at $10, but ask me about investing $15k when the price hits $300. Finally, they enter at $600 and no one does any work for the rest of the year. We just talk crypto. + +It's the second half of 2017. I make more on crypto in one day than at my day job in a month. Literally everything is going up. No one considers that it'll ever drop again. I'm like: "🤷‍♂️ Looks pretty normal to me, but I better sell some soon else.."... + +Actually, it's January to April 2018. New York bonuses or Chinese New year or some seemingly random event makes everyone sell literally everything. Everyone had put all their bitcoin into ether, and then all their ether into ICOs. What was once 25BTC was now 400,000,000 various ERC-20 tokens, or kittens, worth around $200. Not only did everyone sell their tokens, causing them to crash, but everyone sold everything else, making everything else crash. Crashception. Every second word on reddit is "crash". + +Ether went from $1,200 to $75 in a year or so. Declared dead by everyone. + +It's 2018-2020. I'm like, well, not sure. Probably will repeat the cycle of dips, moons and crashes, but probably should have sold. How many Deloreans could I have bought? Better not check my "How many Deloreans I can afford if I traded all of my cryptos for deloreans.xlsx" spreadsheet. My heart and soul must be dead. I have felt no emotion or regret during the crash. 2013 had used up all of that. All of my colleagues are bored and stop talking about crypto. Despite what they said, they weren't interested in the tech, only the money. One buys a folding phone for $1,500 with what was once $10k of Galaxy Ripple chocolate bars, I think. I buy more Ether, deciding to not exchange any for other tokens. From now on, only BTC and ETH for me. I buy some occasionally, but not as much as I should. I pretty much leave crypto will the expectation that we'll just repeat it all again in a few years. + +It's 2021, things are batshit insane again. Already?Woopdedoo. Everyone's talking to me about crypto. Fgs. I just decided to try the real stock market where people cry over a 3% crash. Everyone is jumping back in. What is defi and nft? Are cryptokitties nft? Is my kitty still alive? Who knows. Give it 5 years and there'll be a yet another new equivalent to shitcoins. + +Bitcoin drops by $10k in January, I'm like, meh. I play with Coinbase Earn and shortly make a mint. + +It's the present: Bitcoin drops another 10k in February, even though it's still higher than the last drop. I'm like, meh. Everyone panics. For some reason I decide to write a 20 word reddit post and it turns into whatever the hell I'm writing now for whatever point I'm trying to make. Something about not declaring it dead over a $10k drop when we're still up by $20k this year. + +It's mid 2021. Bitconnect is back and they want your doge. Bitcoin hits $80k but crashes by 20% down to $64k. The world is on fire and shit is hitting the CPU fan. It crashes by another $5k before hitting $85k. Ether was $4k but now deemed dead because it's only $2k. Soon it'll be $5k. Elon tweeted about doge being the national currency of Mars. It's a joke, but now doge is $42 and I remember that old exchange that vanished with probably $420,000,000 worth of my doge, and 50 LTC. Twelve seconds later it's back to $0.10. Everyone is mad because it is now only worth double of what it was worth yesterday, even though it is down from ,12 seconds ago. + +It's every other year from now until the end of eternity.. Everything crashed by 50% overnight. Now it costs me 250 satoshis or less for my latte. Ether is $1^26 or something and no one knows what is happening anymore. The price went so high because 10 billion people on Earth use it daily, either directly or because their car automatically pays for tolls on the Ethereum network with that project from Oaken Innovations that hasn't been updated in years, that now no exchange can display it correctly or something. Everyone is now an NZT or NFT or POS or some other acronym. While I'm working, my phone earns me 0.2 GLM, my fridge earns me 4 MYST, my washing machine earns me a few E-DOGE, all while I process medical simulations and allow some family in China to access wikipedia without their government seeing. My family on Mars send me some DOGE to keep me afloat. Ripple is still being investigated by the SEC while their owners siphon another $100m each year. The price of all cryptos goes 10x every other year but it's all dead when it drops 10-20%. + +It's the end of this post. I've no idea what's going on. Has the crash reverted in the time that I've written this? How many Deloreans worth of crypto have I lost today? How many Deloreans worth of crypto have I gained since the start of the year? I look at the price of literally every crypto and see a 10% drop after an unlimited % gain since inception and several hundred percent just this year or so. + +Its the end of the end of this post. I consider how to end it, but instead have two endings. Things don't make sense. I consider changing the title to reflect my original intention of pointing out how a 10-20% drop is pretty much to be expected with crypto and that by looking at the bigger picture, you won't even see this dip on a chart next year. Instead, I do whatever I am doing now. I give up and decide to post this so I can use the reddit app to check if anyone has posted anything meaningful about NuCypher, even though I expect the usual pump posts. +I've been reading Tim Harford's The Undercover economist and he mentioned that tariffs are almost always bad for an economy. I am assuming there are situations in which they could be beneficial though - say the Govt. is trying to help a sector grow due to possible future gains. + +Am I wrong? Or have I missed something? +An apology is in order after my prediction got disproven today. + +I'm sorry. Kind of feel like I let Apes down here. Even though a majority of this theory was speculation, I was so confident that I was gonna be right because it all made sense, and yet my obstinacy got the best of me. + +Here's the latest [Schedule 13D](https://www.sec.gov/Archives/edgar/data/0000886158/000092189522002496/sc13da313351002_08182022.htm) that debunks my thesis: + +https://preview.redd.it/zpgywasfoji91.png?width=944&format=png&auto=webp&s=4f487efb7971e30e8d794002e2af0b201ab611eb + +All BBBY positions sold: + +https://preview.redd.it/5z3r37nooji91.png?width=1335&format=png&auto=webp&s=43a8c1591118e0800893e7eddd0a7347b8017e83 + +And my prediction that he was betting on MOASS before Jan 2023 because of the BBBY calls, thereby using a basket stock to take profits during MOASS, is invalidated: + +https://preview.redd.it/iho6fosnmji91.png?width=691&format=png&auto=webp&s=2f689aa9790bccb2acb814b729bdf32d4560527a + +Why did RC sell all his BBBY positions? + +I don't know. And tbh after my incorrect prediction, I'm not gonna try to speculate. But I do trust RC. He's a good man. He knows what he's doing, and so for whatever reason he did this, I trust that he's got everything planned out. + +He's never sold a single GME share, and has only added to his position. He cares a lot about GameStop and its transformation. I considered the BBBY thing to be more for profit taking, but he did put some of his people in the BBBY board and help the basket stock out in many respects, which is another wedge towards SHFs. + +As for if MOASS is gonna happen by the end of 2022, one of the main things I was riding on was RC's calls, because I legitimately thought he was predicting MOASS before Jan 2023, but since that got shot down, I'm less certain ngl. + +Ignore the whole 3 month thing with the calls, because that's irrelevant now, but in terms of MOASS not happening by the end of the year, that is something that is yet to be seen, because there's still lots of factors at play. + +Unlike the RC BBBY calls theory that was majority speculation, we do have confirmation that Bafin and Austrian FMA (the German and Austrian SEC respectively) are still currently working on ensuring that all their brokers have received GME shares correctly (in the form of a dividend): + +[Recent German SEC response](https://www.reddit.com/r/Superstonk/comments/wmk4ia/post_from_german_sec_for_bafin_the_actual/) + +[Recent Austrian SEC response](https://www.reddit.com/r/Superstonk/comments/wnl9il/austrian_financial_market_authority_fma_the/) + +There's no speculation here. Neither is the fact that GME has the Golden Cross, or virtually 133 consecutive days of 100 utilization (except 1 day that was 98%), or the facts that 2021Q3&4 CTB were infinitesimal compared to CTB rate right now, or the fact that new DRS numbers are coming out in September, and DRS rates have only been increasing this year. So, there's still tons and tons to look forward to. I could still be wrong about MOASS not happening by the end of 2022, and in that case y'all will get some sort of ass either way (either moass or myass), so it is what it is. + +But I'm really just making this post to apologize and provide reassurance. I'm sorry, I messed up, should've been more diligent before making a prediction like that; however, the future is still unphased for GME. That should be an important takeaway. + +Take care, and see y'all on the moon. 🦍🚀🌚 + +Edit: Wanted to add that after watching the video of Cramer freaking out and [calling for the SEC to subpoena RC](https://www.reddit.com/r/Superstonk/comments/wrm6k7/cramer_calling_for_sec_to_subpoena_rc_and_the/?utm_source=share&utm_medium=web2x&context=3), it tells me that RC made the right decision. + +Edit #2: Here's a post from Ape u/WhatCanIMakeToday that explains what possibly happened. Honestly adds up, and I think a lot of Apes wanting to dig deeper could greatly benefit from the information provided in this post, so I'm sharing it here: + +[GME and BBBY: RC Turning Tables in 69-D Chess](https://www.reddit.com/r/Superstonk/comments/wrvoo5/gme_and_bbby_rc_turning_tables_in_69d_chess/?sort=confidence) +I don’t do a lot of trading, but when I do, I really suck at it. This is why I don’t really place a lot of money on it since I know I might end up losing a lot. But with the little amount I use to trade, I thought I could find something that might help me. + +I thought of using trading bots, and came across several like [Tradesanta](https://tradesanta.com/en), [3commas](https://3commas.io/), [Stoic](https://stoic.ai/?r=1), and [Cryptohopper](https://www.cryptohopper.com/). I’m looking through reddit for some reviews for each app, but I want to know what you guys think. + +I have never used trading bots before, so I just wanted to know if anyone out there heard of it or has experience using any of these. I want to know your experience on using it or any other similar trading bots. +I have 500k, tax free. I paid off our immediate debt such as credit cards and vehicles. No student loans. I own our home but will be selling soon and moving in with a family member so the bills will be cut in half for now. I personally do not have anything such as a 401k etc. +I'm 30 with 2 young children. I will be returning to work when I'm mentally able, where I typically make 30k-35k a year. Im typically a pretty frugal person and dont want or plan to make any large purchases. +Help? I honestly do not know where to start... +Since its US Thanksgiving today, I wanted to post something that I think could use some more attention on this board (and everywhere). So often in our search for more we lost sight of how good we have it. I have a friend who has tens of millions of dollars but has a social circle that includes billionaires. He gets so dissatisfied when he is around them. He is the perfect embodiment of "comparison is the thief of all joy". But I get caught up in that thought process regularly too. "If I had X,Y,Z, I'd be happy". + +So in that spirit, I am thankful for the things I have learned from this forum, but also the opportunities that being in the neighborhood of FATFI opens up. I am thankful that I got to resume international travel this year and purchase a rural vacation home when my kids will be able to grow up. We are quite lucky by almost every metric. + +&#x200B; + +What are you thankful for this year? What does being wealthy allow you to do that you are especially appreciative of? + +If this is deemed not relevant, please remove, mods. + +&#x200B; + +Y'all have a good Turkey Day.. + [https://www.ceicdata.com/en/indicator/china/total-exports](https://www.ceicdata.com/en/indicator/china/total-exports) + [https://www.ceicdata.com/en/indicator/china/total-imports](https://www.ceicdata.com/en/indicator/china/total-imports) + + +Just choose 10 years and Line Graph +Im not too sure how to start so ill just do it, ive lived all my life in Venezuela, im a 29 years old IT guy moving in 3 days to Spain because of the increased danger of staying here... I only have 3k USD to my name that i saved after working for 9+ years and i have no idea what good habbits or stuff i should be aware since this is my first time living alone and money in my house was only enough to pay for bills and eat with restrictions. Does anyone here has been on a similar situation? Do you guys have any advice? im kinda scared since ill be alone and i have no "training" on how to budget or stuff like that. Thanks in advance to anyone who read this. +*Edit: I should've said i have Spanish citizenship since both my parents Spaniards. Sorry im not sleeping well and posted this late in the night. You guys are amazing, thanks so much for all the help. + +As I am starting to peek into housing outside of the city for when it is the time, I can't help but wonder about the value of houses on canals, lakes, rivers, etc. with docks for their boats and easy Kayak/paddleboarding access vs the seemingly identical homes across/down the street that are inland. Functionally the same home can be easily 2-4x the value if it's on a body of water or faces a prettier view. However, the extra home value then reduces your power to FIRE. + +For those who live in such areas, or have lived in both, or have friends in either: + +Is the view worth it? + +Is having your boat in your backyard worth it? + +Is it worth it to have the ability to kayak/paddleboard steps from your house, and not have to worry about latching it onto your car/wheelbarrow and drive/walk to the nearest launch? + +And if you've experienced both: how is having your boat in the yard vs. driving to your marina? Do you miss the social aspect of the marina? How about kayaking/paddleboarding: do you ever get tired of your waterway/take your kayak to other water, or was it not a big issue to take your kayak out when you didn't live on the water, but instead lived down the street or a few minutes drive? + +One prime example is on the Venetian Islands in Miami. These islands are small ovals with one road going around the island and two layers of homes: on one side of the street on the water, and on the other side of the street where they are not on the water. The houses on the water are \~3x the price of the inland homes. + +Another example is in Southern California. Homes with a sliver of a view of the Pacific command much higher prices than identical homes down the street that do not have such views. + +&#x200B; + +I am interested on what you all say, because ideally I want that pretty view and as a water person, I would like that waterfront. But at what cost? +There's been a flood of articles in mainstream media (eg. [FT](https://www.ft.com/content/d46e8623-09af-4a1f-b7e5-207616388b0f?shareType=nongift), [The Guardian] (https://www.theguardian.com/business/2021/feb/01/redditors-set-their-sights-on-silver-after-gamestop-frenzy)) spreading the same falsehood, alleging that Redditors are behind the spike in silver prices. This is clearly false, as wsbers are all trying to diamond hand GME. Why would anyone want to divert funds to something completely different now? A glance through WSB confirms this - barely anyone's talking about silver there and the threads that talk about it are all posted from suspiciously new accounts. Coincidence? I think not. + +You can draw your own conclusions about what's happening there (my train of thought: since silver's spike isn't actually coming from Reddit, who's behind it? Who's motivated to spread falsehoods about Reddit and drag us down as a whole, and is capable of doing it through the media?" + +Answer: the very angry shorts on Wall St who lost billions. Or, if you want to put on a tinfoil hat, possibly even the establishment, as they probably now see wsb/Reddit as a destabilising factor that needs to be discredited and discounted publicly so we have less clout going forward.) + +My concern is that the infiltration of that once-wonderful sub called wsb by bad actors could start to take hold of this sub as well (if it hasn't already begun) - especially if we continue to grow at the rate we've seen of late. Growth is nice if it's organic and real. But if it's not? Would we be able to handle large numbers of bots/inauthentic accounts if it comes to that? + +This is one of the last few subs left that actually has high quality discussions. Would be a shame to lose this. I hope the mods can consider taking us private **for a few weeks** to avoid the unnecessary publicity. Please upvote if you agree so more can see this. +Let's say that due to a divine miracle Microsoft share price grows at the same rate that it did over the past 10 years, around 22% per year. + +In 2031 Microsoft would be worth $13 trillion which in perspective is roughly equal to today's UK, Germany, France and India GDPs combined, which just sounds ludicrous. + +How far do you think this will go? +People say don't out all your eggs in one basket but I believed in the project so much that I did. I put everything I had in crypto investment (50% of my life savings) into nano near ATH. As the price started dropping, I put in the remaining 50% of my life savings to dollar cost average because I genuinely believed that with the rebranding, binance announcement, I would see a profit but the price kept dropping. + +I was an idiot to buy using bitgrail instead of kucoin and now I have officially lost everything due to the alleged hack. I wish I could have withdrawn to my wallet but withdrawals were disabled. + +I was also an idiot to put in more than I could lose. Money I had saved up by working so hard. I lost $120,000. + +I believe in the project and idk how I am going to live with myself watching the price of nano soar over the months without me not having anything to invest in it. + +Please don't do what I did. Please be cautious with your investments, diversify, and don't invest more than you are willing to lose. I know we all think that won't happen but you can...like I did...your money, your happiness and most importantly, your mental health. + +This is so depressing. I feel so defeated in life. +This was money that was going to go to my further education, my wedding, honeymoon, any travel plans, my downpayment. This puts me back at least 7-8 years in my life. + +EDIT: Thanks for all the messages, they really mean a lot. I am as disgusted and disappointed in myself about all the ways this could have been avoided as some of you are. + +EDIT 2: And of course nano is now going up. This sucks :( +I've heard from a lot of people that say day trading is a very risky career choice because most day traders lose money and it's not worth it. Why is this so, why do most day traders lose money and if "most" lose money then there are those "some" that are doing well. So what do those day traders do so well that they've capable of having successful day trading careers as opposed to the "most" day traders that fail? +Thinking about college. I paid my dues. Will college be free for everyone now? How can you freely pay off debt today and not someone’s five years from now? +From what I have seen, historically, reinvesting your dividends leads to significantly greater returns vs not reinvesting them. Why are so many people proponents of giving up the extra compund growth from reinvested dividends? + +I understand the appeal of having "passive income" but to me it seems like stealing money from your future self. Unless I have a gross concept error on what living off dividends really entails, I can't help but think people are too enamored with "free money" to consider the gains they are giving up as a consequence. + +Edit: My question stemmed from a concern that dividends were being portrayed as a form of passive income before retirement, I understand that once you are no longer working you have to have a way to continue to support yourself and your family. Nowadays there is so much hype about trying to find more ways to make money outside of your a job, and personally I think that while you're still working dividends should be considered passive investing (kind of like 401k matching) rather than passive "income". + +So a better and slightly different question is, why do so many people like the idea of having 100% of living expenses covered by dividends? It almost seems like it contradicts the idea of having a diversified portfolio. Would it not be better to withdraw a set amount from a diversified portfolio rather than relying solely on dividends? +I am seriously thinking about quitting my job as a web developer, it just sucks... everyday same things.. listen to fucking manager... etc... + +What do you guys seriously think about dedicating my time in stock market, will i be able to make good money? I have 150k to invest initially. I am in stock market since last 1 year but on and off. + +I am also thinking about building some app related to stock market or something just not sure what will be useful. + +Honest suggestions will be seriously considered. + +Thank you. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I should probably talk to a professional but thought I'd start here. We're a 40+y/o couple that recently came into some money after 20 years of Hard ass labor. I'm trying to convince the s/o to reinvest instead of letting this money sit in a savings account doing nothing. + +Currently, I have $5k in QYLD and like the monthly payouts. If we put the full $200k in that QYLD fund, plus throw every last left over penny we earn for the next 4 years ~$7k monthly into it, then after 4 years plus drip, it should grow to ~$680k (after taxes). At that point we can stop contributing to that fund and let the monthly dividend keep dripping into the account. After 10 years, it should reach around $1M. + +Is this a stupid plan or will it work? I know there are growth funds, but it seems like this fund will pay out a consistent 12%. + +I've seen the JEPI, voo and other tickers listed in this channel, but don't know if i can trust the growth aspect of those. Also don't have the cajones to just put it into a regular index fund with all the fud everywhere. Also open to pursuing rental properties or crypto as an alternative. + +Any help is greatly appreciated. Just trying to get out of the 70hr a week rat race before becoming obsolete in my field and missing out any more on life. +https://www.cnbc.com/2020/10/06/teen-spending-hits-record-low-during-pandemic-piper-jaffray-survey.html + +Teen spending has hit an all-time low during the coronavirus pandemic, according to Piper Jaffray's 40th biannual "Taking Stock with Teens" report. + +Teens reported spending just $87 on handbags, an all-time low. + +Apparel spending came in at about $507 per teen per year, down 11% from the fall of 2019. + +Thanks for the awards. +My partner and I (32 years old with one child) were really lucky to purchase a home in an “up and coming” area a few years ago. We’ve been paying on it pretty aggressively and its value has increased significantly. If we sold right now, we would likely be making a $200k profit on it. + +The way we see it, we have three options: + +Option A: Take the $200k and use it as our down payment on a more expensive home in our dream area. Property values have been steadily increasing in this area, but at a much more modest rate than our current area. + +Option B: Take the $200k and combine it with some of our savings to pay cash on a $250k condo in a nice area (not our dream spot, but also not terrible), allowing us to invest/save the majority of our income. Property values in the condos have been pretty flat over the last ten years. +*** With this option, we could either sell the condo down the road or rent it out and purchase a second home for ourselves. + +Option C: Hang on to our home and see what happens. We’d continue to build equity and our house could very well continue to appreciate in value. At the same time, we’d run the risk of missing our home’s peak sale price. + +What would you recommend? Is there another option we’re missing? I really appreciate any insight, thoughts, or perspectives you might have! +Pessimism on this sub (and similar financial subs) is rampant. I don't even recall things being quite this negative during the COVID crash or anytime in the last 5+ years. + +Raising interest rates are going to kill growth stocks, China's recession is a massive threat, inflation will kill our cash, real estate has overheated, the rug is really about to be pulled on almost all asset classes -- there's really no way to financially survive the next year going off sentiment here. + +So why won't the markets tank? What's going to send us to DOW 40,000+ that so many people are overlooking? I'd love to hear what anyone might be optimistic about. +(DOC.V) This is the classic example of stop loss and panic selling. + +It is SOOOO undervalued. I keep buying the dip. lol + +CEO bought the dip: https://m.canadianinsider.com/node/7?ticker=DOC +As a beginner in deep value investing, I’d like to get some motivation into learning more about it. I find it really interesting to read what you all say on this subreddit but people talk rarely about their achievements and the hard road they passed to get to where it is. +I want to read your best/proudest investment that you found, how you found it and why you think it did this great. +Sometimes, you sell a CSP and it gets assigned. It happens. This is what seperates the beginners from the pros. I defintely don't like to be down more than 6 figures but that is the type of market we are in. For all you thetagang that are down big. Always remember, someone always has an even bigger loss + +tl;dr: ALWAYS wheel a stock you would want to own. + +[https://i.imgur.com/u71h6av.jpe](https://i.imgur.com/u71h6av.jpeg) + +&#x200B; + +Update Jan 25. I'm down even more now. Nearly $150K. Doesn't matter. Still ain't selling. Can't shake me. + +[https://i.imgur.com/d6mV5Wm.jpeg](https://i.imgur.com/d6mV5Wm.jpeg) +To everyone now entering crypto, and lurking here waiting for their 10th day to post, I would like to give a warm welcome. We can't see you but we feel you. Welcome to the biggest party in modern history. +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 +This guy comes out of nowhere and makes the exact same post on r/Superstonk r/WSB and r/amcstock, asking to be banned and coming up with some bs excuse about not wanting to see content from these subs on his popular page. + +He incorrectly "believes" that will stop posts from showing up on his feed, he targets all three supposedly "meme" stock subs, doesn't comment on his posts, receives an ungodly amount of awards (and still no answer) and attracts all this attention. + +The result of this has been dozens of memes, screenshots and posts referencing this and effectively forum sliding the entire sub. + +Then there is also the fud about DTC-005 being posted repeatedly when there is great DD stating the opposite. + +Think about it. On the day that DTC-005 finally comes out of hiding, some random user comes out of nowhere with a dumb post (I get the upvotes on that point), spawning dozens of other posts. + +I believe this is a very clear attack on the sub, in the form of forum sliding, so that important information about DTC-005 doesn't reach as many apes as it should. + +If I'm right, then DTC-005 must be a pretty big deal. + +Be careful out there. + +🚀 + +P.S. He's complaining about movie stock posts on his feed, since when does any post from r/amcstock reach the front page? I haven't seen any. +It was so degrading. Everyone behind me was giving me weird looks. Even worse is that I work at this store so everyone will know how poor I am. I feel bad for whoever had to put everything back. They looked angry with me. I could’ve sworn I’ve had food stamps left but apparently I was dead wrong. Being poor is so embarrassing. +We screwed up and let this medical bill go almost 5 years ago now in exchange for paying some other bills. We’ve received calls over the years from debt collectors but ignored them. We then began receiving similar letters to this. Each time the settlement amount getting lower and lower. + +But now I’m wondering if I should just pay the $75 (it’s actually like 71.xx something I think) or if she’s better off just letting it go. At this point I don’t know if it will do more harm than good to her credit. So far the debt doesn’t show when we check her credit report. Which seems odd. But, I know it’s a legit bill. I was there. Lol + +Edit: here is the letter + +https://imgur.com/a/EwWhuaz + +The “current creditor” line is the name of the hospital, and the date of service is the correct date of the procedure. The balance due is not what it once was, though. The balance due is $711.21. It was originally something like $2k, now that my wife reminds me. Could the balance due now just be from the last reduced offer they sent us? + +Edit2: we live in Ky, and the date of service will be 5 years here in a few more months. + +Edit3: the original IS on her credit report, but the dollar amount on the credit report is the original amount, while this balance is only like $700, with the option to “settle” it for $71. + +Edit4: holy shit I’m getting so much conflicting advice. Lol +First of all, yes, I am an idiot. I have my entire net worth in cash, letting my bank make money off me while the value of my money goes down every day. + +There is a realtor who says he has a client who needs hard money. The amount he needs happens to be my entire net worth. If I lend the money, supposedly I will get 10% a year and I will get my principal back after 3 years. According to the realtor, there is zero risk with this. zero, none, under no scenario will I lose my money. If the guy doesn't pay, I can foreclose and get my money back. But since I don't think there is anything in life with zero risk, I did some research and several experts in hard money are saying do not put more than 10% of your net worth into any one property. What they fail to explain is why. They just say don't do it "in case you lose, it won't hurt you that bad". How would I lose if I have a lien on their property? I am seriously considering putting my entire net worth into this property, the extra income would solve so many of my problems. What are the risks with hard money lending? What could go wrong? Under what scenarios would I lose my money? +Want to go public this year or early next. + +https://www.bloomberg.com/news/articles/2017-08-21/sec-is-said-to-study-spotify-plan-to-bypass-ipo-in-nyse-listing +I am moving and was offered a great job in my new city. They told me they would honor either a salary or an hourly wage. I’ve never made a salary before. What’s the main differences? Should I prefer one over the other? + +Edit: wowza I’ve got a lot of reading to do. So many of you responded thank you! + +Some more info: this is my first “big girl job” I have been working in restaurants for eight years and am now looking to take a management position with a restaurant group that currently has three locations. I think my starting pay would be 42 or 43k but we haven’t discussed it fully yet and I’m 26 years old. +This year has been a rollercoaster. I was losing my shit below $400 but now I feel completely immune. It's not like I have a small amount in the market, I just have faith it will come back in the next 5 years. +Hypothetically if everyone on the earth had a very high basic standard of living, say that of a financially upper class family, would inequality still be an issue? Or would the fact that some people have more still cause problems? +I have been an economist and financial analyst, and was made redundant shortly before the Coronavirus crisis. I probably won’t be able to get another job anytime soon. I’m worried because I’ve been working in a very niche field (rail/transport micro economics) in the public sector that doesn’t have many jobs. So I’m looking for ways to broaden my skills to improve my employability in the future. + +Please suggest some things I can do at home? + +I’m currently learning some python and R with online courses. Any other suggestions are appreciated. + +Thanks in advance +I don't understand how did the crisis affect markets that seem to have nothing in common with housing. I've heard that all different markets are connected, what does that mean? +That's it, that's the content lol. I just wanted to tell someone. + +It's now down to $5000 limit and gotta save for a house (it gets easier right without a credit card simmering at the limit?) +The $FCF team has won the Crypto Innovation of the year at the dubai crypto expo! FCF PAY is changing the way the world spend and earn cryptocurrency. + +The team has been approached by big entities in dubai and currently have dozens of massive deals on the table. Over 4000 merchants lined up! + +Major mainstream marketing campaign signed up with the Chambers group (they represent over 50 household brands). + +FCFPay is live and functional, merchants/freelancers/stores have started using it! FCFPAY is the first cryptocurrency payment gateway of its kind. It allows merchants to accept any cryptocurrency as payment! + +Partnership with Everly Market is rolling out in the near future. Fcfpay will be integrated in their network of merchants in the USA. + +Discover our Revenue Sharing Token Ecosystem! (RST) A real world product(FCFpay) that keeps fueling our investor token $FCF! + +$FCFpay integrates with the two biggest e-commerce platforms – WooCommerce & Shopify. But FCFpay doesn’t stop there… The flexible API allows it to be integrated into practically any existing payment system, even in physical retail stores! In fact, a large proportion of the first merchants to use it will be physical stores. + +Imagine paying directly with crypto! You can nowshop online or in person, and spend your crypto gains without having to send them to the bank or use a “crypto credit card” that is actually just swapping your crypto for fiat. Crypto is about to fulfill its true purpose as the CASH of the internet! + +Fcfpay allow you to buy flowers with BNB and order food with Cardano (or any other crypto)... just about any combination you can imagine, and all without requiring you to use a traditional offramp, such as a centralized exchange. + +This will allow FCF to unite the $4 trillion-dollar online shopping industry with the cryptocurrency world. This unification positions FCF to lead the way towards mass adoption and secures the future of FCF as an essential crypto technology! + +That’s why their motto is “EMPOWERING CRYPTO”! + +$FCF was already listed on 4 exchanges over a period of just 4 weeks! LBANK, HOTBIT, COINSBIT AND LATOKEN… and there are more to come! + +The payment gateway will incentivize adoption by featuring a fee structure that is lower than PayPal and credit card processing companies. + +Every payment gateway transaction will also induce a buy back and BURN mechanism in FCF, thereby increasing the value of your FCF by reducing the overall supply! + +$FCF rewards holders with BNB dividends based on trading volume (5% of each transaction goes to the dividend pool and is distributed proportionally) AND from a portion of transaction fees once + +FCFpay is launched. Yes, you will earn dividends on every payment gateway transaction! This safeguards your investment from bear markets by establishing a second source of dividend revenue! Imagine receiving a portion of the $4 trillion-dollar e-commerce industry simply by holding FCF! + +Become an FCF affiliate! Earn a stream of income of 0.1% off every transaction processed through FCFpay for life upon having a merchant implementing FCFpay with your affiliate link! + +Refer your friends and family to purchase $FCF token with transactions over 1500$ and earn 1.5% of the transaction as a commission and have the new investor get a 3% refund! + +Register for your affiliate ID code here: [https://affiliates.frenchconnection.finance/?RefID=MQU8Wm](https://affiliates.frenchconnection.finance/?RefID=MQU8Wm) + +As a great cherry on the cake, FCF is launching its 2nd platform on the ecosystem! FCFPoker, Web3 poker that integrates NFTs and support cryptocurrency payments in exchange of pokerchips. The revenue will be sent in the ecosystem like all the other platforms! + +The Dev is always active and always OVERDELIVERS. + +Dev is Doxxed, KYCd and a Certik audited! +Hello r/eupersonalfinance + +I am a 19yo student from Slovakia and I am currently finishing high school. I have a dilemma regarding my decision about whether to leave Slovakia to achieve better education or to stay home and keep some of the money my parents would be paying for my accommodation and everyday life style. + +Before i dive further into the details, a little information about my future goals as well as my current financial situation. + +As I mentioned, I am 19 and I live in Slovakia. As of today, I have no intend to leave Slovakia and live somewhere else. I get along with my parents and I enjoy living with them. I have the ability to go study abroad, since my sister did so a few years ago and my parents paid for the whole thing. It cost them a lot of money but it did not change our current or future financial situation. + +Now, when its time for me to choose a university, they're fully supporting me in studying abroad but they wouldn't mind at all if stayed home and attended a university in Slovakia - it's only my call to decide what to do. + +I already spent a year in Switzerland as an exchange student, so i speak German as well as English fluently. + +Since i don't really want to leave Slovakia and live abroad, the only university outside of Slovakia which i am considering is in Vienna, Austria ( 40min drive from where i live, 1h direct connection with a train ) + +If I would decide to go to Vienna, my parents would be paying 720€ for the university p.a. and around 700€ monthly for my accommodation and living expenses. + +If i would decide to stay at home, i could be getting 350€ as passive income every month, which would be ONLY used to dollar-cost-average into a MSCI WORLD 80/20 Portfolio. Without my own contributions and without any gains, this would add up to 12600€ of net investment + around 3000€ which i already have in the MSCI WORLD Portfolio before even finishing the university. + +In Wien, i would certainly get a better education than in Slovakia, but firstly i would like how much sense does it make to go study abroad, when you wanna live at home? Secondly, I am already engaged in a few student organizations, through which i could go on a internship pretty soon, where my german knowledge could be of a great use. + +Essentially what i am trying to figure out is, if it is better to have a average university accompanied by some early internship together with 15 000€ in a long term investment portfolio, or a above average university, and therefore probably an above average internship later on with only a few thousand dollars invested, which i would have to save on my own. +Anyone open to taking a look and sharing your thoughts? The company is pretty big in terms of size/reputation and even pays a 5 cent dividend with shares at 99 cents. + +I got their financials off Yahoo Finance for those who want to look. + +They also have just under $2.2 billion of cash in the bank. + +They are in the app business and have some flops but also have strong/popular brands in the App Store: + +Lords Mobile has neatly 7 MILLION reviews just on the Google App Store + +Castle Crash has slightly over 5 million reviews + +Clash of Lords almost 2 million reviews +Surely you all have a quote that has stuck with you along your investing journey. One of my favourite quotes has been from -Mohnish Pabrai “Heads I win, tails I don’t lose much”. I am interested to hear what quotes have left a lasting impact on you. Drop them below please and thank you in advance. +Hi everyone! This is my first time writing out my analysis for a company. Of course, this is not financial advice and is just my opinion. I know that this post is quite bumpy in some places so please try and give me feedback on how I can improve. Thanks! :) + +# Business Overview + +Trex is a mid-cap company founded in 1996 and has quickly grown to become the largest manufacturer of composite decking and railing products in the world. It operates in 2 segments, namely commercial and residential, with the residential segment accounting for the vast majority of revenue (\~95.2% in 2021). As such, the majority of this DD will focus on the residential segment. + +# Argument summary + +Trex is a high-quality, asset-light business able to generate superb returns on capital while simultaneously reinvesting capital into the business. It has an extremely robust balance sheet and is growing revenue, income and free cash flow at a sustainable mid-double digit rate due to management’s impressive execution of its growth plans. Apart from business growth, shareholder return is also driven by strategically-timed share buybacks. Its industry leading position provides a strong moat in the form of a distribution network and share-of-mind advantage, giving the business significant pricing power. As expected, such a high-quality business trades at a slight premium valuation, but the sustainable growth and profitability the business is expected to maintain over minimally the next 10 years makes it an excellent long-term investment. + +# Financials + +**Balance Sheet**The company has a superb business sheet. In 2021, it had $920 million in total assets, with only $19.0 million of that being Goodwill & other intangible assets. Its assets consist of $401 million current assets (of which an ample $141 million is cash & cash equivalents), and $519 million noncurrent assets. It has no outstanding indebtedness, though it has a revolving credit facility with $300 million available borrowing capacity. In total, it has $195 million total liabilities and shareholder equity of $725 million. + +With such a robust balance sheet, Trex is well-placed to comfortably navigate through the current volatile macroeconomic environment without solvency risks. This is consistent with the Trex’s historical conservative financial position, showcasing management’s financial competency. + +**Income Statement**Trex has had an impressive growth streak for the past decade. Revenue has increased from $267 million to $1.12 billion from 2011 to 2021, at a CAGR of 13.8%. Meanwhile, net income has increased from -$11.6 million to $209 million. + +In the past 5 years, revenue increased from $480 million from 2016 to $1.12 billion in 2022, at a CAGR of 18.5%. Also, income increased from $68.0 million to $209 million, at a CAGR of 25.2%. + +Meanwhile, margins have remained consistently high throughout most of the past decade: 2021 gross and net margins were 38.5% and 17.4% respectively. This is consistent with the \~40% gross and 17% net margins the company has experienced for the past few years. + +With such high profitability, In 2021, ROCE was 33.1% while ROIC was 34.1%. Over the past few years, Trex has maintained similar ROCE and ROIC levels of \~35-40%, even as the balance sheet as a whole has increased notably over time. This shows Trex’s ability to generate high returns on incremental capital, a hallmark of a good business. Moreover, the sustained high returns is a testament to the strengths of Trex’s moats, such that it has prevented competitors from affecting its returns, which is wholly aligned with what Buffett searches for in businesses. + +**Cash Flow Statement**Trex uses almost all of its cash flow from operating activities to repurchase shares and invest in PPE. It does not pay a dividend. + +# Growth & Strategies + +Trex is pursuing long-term sustainable growth through multiple avenues. Namely, it seeks to grow its business through + +* Maintaining / increasing product innovation and quality +* Growing brand prestige & reputation +* Greater coverage of geographic channels +* Lowering production costs + +The first two factors are more qualitative approaches to growth, lacking much quantitative data to justify their existence. However, Trex does have the historical records to prove its ability to grow both factors: both are affirmed through Trex’s product line which has expanded throughout the years, its status as the leading composite decking company in the world, and its perception as the highest quality manufacturer of composite decking in the world. Also, Trex is currently releasing its new generation of Trex Transcend decking, which is its premium line of decking, and cladding, which is largely for commercial applications. + +The other two factors have been approached through Trex’s reinvesting back into the business. Most of its cash flow from operations is being used to reinvest back into PPE for the business (change in PPE / cash flow from operating activities was 61.2%, 97.2%, and 46.5% in 2021, 2020, and 2019 respectively). These investments are primarily used to reduce production costs while simultaneously increasing capacity expansion. Over the past few years, Trex has completed a capital expenditure program at its facilities in Virginia and Nevada to increase production output, and this was completed in 2021. Looking forward, Trex is constructing a third U.S.-based Trex Residential manufacturing facility in Little Rock, Arkansas, and initial production output is expected to start in 2024. The construction of the Little Rock facility takes place in a modular approach, with management expecting to spend $400 million on the Little Rock facility in the next 5 years, and the facility is expected to be able to become Trex’s largest manufacturing facility eventually. This allows for long-term sustainable future growth in revenue, and by extension net income. + +Also, to further generate shareholder value, Trex repurchases shares, though it does not pay a dividend. Adjusted for stock splits, since diluted shares outstanding peaked in 2013, share count has decreased at a CAGR of -2.06% to 2021. Management’s share purchase execution has also been strategic: the share count CAGR between 2019 and 2021 (when valuations were extremely rich) being only -0.443%. Meanwhile, amidst the nearly 50% share price drop in the past year, share count has decreased by 2.07% YoY from June 2021 to June 2022. If prices decline further in the short-term or trade sideways, it is expected that management will maintain the elevated share repurchase rate in the short to medium term. Management’s decision to repurchase shares instead of paying a dividend is affirmation for shareholders as it shows to a certain degree that management believes shares are at least slightly undervalued. + +Trex is also focusing on growing internationally, and has been sold in 40 countries excluding the U.S., and has sales staff in Europe and Australia. It also has ample cash and a management team that has expressed openness to engage in future acquisitions. Moreover, Trex is supported by the large industry headwinds, with *Research and Markets* estimating the global composite decking market to grow at a CAGR of 11.2% to 2027. When coupled with Trex’s increasing market share in the composite decking market due to its various growth initiatives, as well as its cost cutting measures, Trex is very-well positioned to grow profits at a steady double-digit rate in the long term. + +With all these growth factors, Trex has achieved very sustainable, long-term tailwinds for growth. Despite short to medium-term volatility and potential declines in revenues and profits due to a declining macroeconomic situation, Trex’s long-term growth story remains robust, and should be able to maintain its mid-double digit growth rates in the long-term. + +# Moat + +**Moat Types**Trex has 2 moats in the form of a strong distribution network and share of mind advantage. + +Trex has over 6700 stocking locations and has the strongest distribution and dealer network in the industry. It also has 2 national retail merchandisers, as well as 50 worldwide distributors. This distribution network is difficult to replicate in its strength, which prevents competitors from competing in the same geographic scale that Trex does. + +Trex’s share-of-mind moat comes from its industry-leading position in composite decking, along with the high brand prestige and reputation that it has cultivated over the years, such that many people interested in composite decking will turn to Trex immediately. Trex is also maintaining this moat through its product expansion and marketing campaign, with the new 2022 marketing campaign “We See It Too” emphasising Trex’s decks as the foundation for a lifetime of memories. Trex also has the highest search interest in the composite decking category, and hence has more web traffic and exposure for its contractors and dealers, which further increases Trex’s brand awareness, helping to prevent competitors from taking away market share from Trex. + +**Competition**Trex maintains that its primary competition is not other composite decking manufacturers, but wood products. As of 2021, composite decking made up 25% of market share while wood made up the other 75%. Trex estimates that for every 1% increase in composite wood decking market share, there will be +$80 million in annual composite decking sales. This market share is increasing at a significant rate, as composite wood decking market share increased by 3 percentage points from 2020 to 2021 alone. Compared to wood, Trex believes that its decks offer a value proposition as despite the higher initial cost of its products, they can be used for longer periods of time with higher quality due to their lack of rotting, warping, splintering, fading and other unfavourable processes that are associated with wood products. Trex believes that for this value proposition to translate into greater sales, it needs to increase consumer awareness, which it has been doing successfully to a large extent, as evident in the increasing composite wood decking market share. + +# Discounted Cash Flow Valuation + +**Assumptions** +Assuming maintenance capex = depreciation + amortisation, 2021 owners’ earnings = operating cash flow - (depreciation + amortisation) = 204 million. Due to the very sustainable growth rates, I estimate owners’ earnings growth to be 15.0% for the next 5 years, then slowly declining to 5.0% by year 10. I do believe this to be rather conservative due to how sustainable and long-lasting Trex’s growth tailwinds are, and the fact that it has a lot of room to further expand internationally beyond the next few years. + +For the discount rate, I used Trex’s WACC to calculate it (calculated to be 10.4%). This relatively low WACC in the current macroeconomic environment is due to Trex’s lack of debt. + +I calculated terminal value based on both the exit multiple method and perpetual growth method. For the exit multiple method, I assigned an exit multiple of 18x owners’ earnings, and assigned the perpetual growth method a perpetual growth rate of 4.0%. + +**Output** + +|Method|Sum from first 10 years / billion $|Terminal Value / bilion $|Share Price Fair Value| +|:-|:-|:-|:-| +|Exit multiple method|2.57|4.06|$58.57| +|Perpetual growth method|2.57|3.91|$57.24| + +Both of these are lower than Trex’s current price of $45.22 (as of writing), providing a margin of safety of 22.8% and 21.0% respectively, which makes Trex in my view substantially undervalued. + + +DCF Calculation + + +|Year|0|1|2|3|4|5|6|7|8|9|10| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|Owners' Earnings / million|203.7|234.3|269.4|309.8|356.3|409.8|458.9|504.8|545.2|577.9|606.8| +|Discounted Earnings / million|203.7|212.2|221.0|230.2|239.8|249.9|253.5|252.5|247.1|237.2|225.6| + +&#x200B; + +&#x200B; + +# TLDR + +I believe that Trex is a high-quality business compounding at sustainable mid-double digit rates, able to sustain high rates of ROIC and ROCE, and has excellent moats and management. Also, it is notably undervalued. + +# Remarks + +Thank you so much for reading this entire post! What are your thoughts on Trex? Of course, all comments and criticism are welcome. Feel free to share about Trex as well as my analysis. Have a great day! :) + + +Edit 1: Hi everyone, thanks so much for your kind remarks! I've added more valuation details for the DCF calculation above in the form of a table +I understand that Gini coefficient helps us look into income inequality in a country. But say if we compare between the Gini coefficient between one country to another, will that be a good, or at least a logical way to understand "global income inequality"? + +For instance, let's say that Iceland has the lowest gini coefficient in the world at 0.24 and then South Africa has the highest gini at 0.57. Based on this comparison, can we say that there's a huge income inequality globally because of the difference in gini coefficient between the highest and lowest gini? +Used to be a well developed country with GDP per capita on par with France but it's economy in recent decades has stumbled (to put it mildly). Any books on the economic history of Argentina? +I am a newer investor just at 4 doors so far. I am very excited and passionate about real estate investing. However it seems everyone besides fellow investors have absolutely nothing nice to say back to me when I tell them what I am doing. + +The main two responses I get from people are mostly the negative “I hope your handy”, “I had a rental once blah negative blah”, “what if you get bad tenants” responses. The other response is people make me feel like I’m bragging when I simply am telling them what is going on in my life. + +It’s just disappointing to me because I really would love to be open to my friends and family about what I do, but I’ve come to a point that I’d rather just leave the thing I’m most passionate about out of the conversation. + +Am I alone here? +**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. +I've read Trading in the Zone, (and about 30 other books on trading) i know how to backtest, i understand money management (although I'm not very good at it), I just need an actual legit strategy/system to plug in. Cant afford a mentor, but could scrounge up a little cash for a book or whatever. Free is good too. Please and thank you. And, happy new year! Hoping this is my year, and all of yours too! +My portfolio has wiped out all gains from 2021 and is now in red. Essentially wiping out everything. I don’t want to sell and take the loss but also don’t see the end of this tunnel. How do you deal with this? +It’s only about 3% yield and sure it’s got a low MER (0.06% from what I’ve seen) but why is it so popular? + +I’m a dividend investor myself but find it can sometime be better to invest in individual stocks when going for dividends +More details still to come as per CNBC, but this could be a big blow to Beyond Meat considering they had a lot of growth baked into their share price (which, presumably, included further expansion into fast food chains such as MCD). + +https://www.cnbc.com/2020/11/09/mcdonalds-to-test-mcplant-which-includes-its-own-meat-free-burger-next-year-beyond-meat-shares-fall.html +More details still to come as per CNBC, but this could be a big blow to Beyond Meat considering they had a lot of growth baked into their share price (which, presumably, included further expansion into fast food chains such as MCD). + +https://www.cnbc.com/2020/11/09/mcdonalds-to-test-mcplant-which-includes-its-own-meat-free-burger-next-year-beyond-meat-shares-fall.html +What's up fellas at Theta Gang. I made called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of popular tickers. The tool is inclusive of almost 1,000 tickers now. + +**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. + +\***Smaller Accounts:** I made [this list earlier in the week](https://www.reddit.com/r/thetagang/comments/kncgya/iv_report_stocks_with_high_ivpremiums_under_50/) that highlights cheaper stocks. + +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 (%)| +|:-|:-|:-|:-| +|MARA - Marathon Patent Group Inc|664M|$10.41|203%| +|RIOT - Riot Blockchain Inc|1.15B|$17.00|190%| +|FUBO - fuboTV Inc|1.89B|$28.00|179%| +|AMC - AMC Entertainment Holdings Inc - Class A|348M|$2.12|174%| +|BLNK - Blink Charging Co|1.38B|$42.65|148%| +|CODX - Co-Diagnostics Inc|263M|$9.30|146%| +|LAZR - Luminar Technologies Inc - Class A|7.44B|$34.00|140%| +|DGLY - Digital Ally Inc.|62.6M|$2.31|138%| +|SBE - Switchback Energy Acquisition Corp - Class A|1.26B|$40.08|135%| +|GME - Gamestop Corporation - Class A|1.31B|$18.84|133%| +|SRNE - Sorrento Therapeutics Inc|1.79B|$6.83|129%| +|APXT - Apex Technology Acquisition Corp - Class A|538M|$15.05|128%| +|HYLN - Hyliion Holdings Corporation - Class A|2.54B|$16.48|120%| +|GSX - Gsx Techedu Inc - ADR|0|$51.71|118%| +|ARCT - Arcturus Therapeutics Holdings Inc|1.06B|$43.35|117%| +|QS - QuantumScape Corp - Class A|17.5B|$84.45|115%| +|JMIA - Jumia Technologies Ag - ADR|0|$40.35|115%| +|RIG - Transocean Ltd|1.42B|$2.31|113%| +|CRSR - Corsair Gaming Inc|3.33B|$36.32|111%| +|WKHS - Workhorse Group Inc|2.38B|$19.79|109%| +|NIO - NIO Inc - ADR|50.2B|$48.74|107%| +|ACB - Aurora Cannabis Inc|1.18B|$8.31|103%| +|NKLA - Nikola Corporation|5.86B|$15.26|101%| +|TLRY - Tilray Inc - Class 2|1.1B|$8.26|100%| +|APHA - Aphria Inc|2.07B|$6.93|98%| +|PLTR - Palantir Technologies Inc - Class A|34.7B|$23.55|98%| +|OSTK - Overstock.com Inc|2.05B|$48.01|98%| +|XPEV - XPeng Inc - ADR|0|$42.83|97%| +|AI - C3.ai Inc - Class A|0|$138.75|95%| +|BBBY - Bed, Bath & Beyond Inc.|2.24B|$17.75|93%| +|APPS - Digital Turbine Inc|5.02B|$56.56|93%| +|COTY - Coty Inc - Class A|5.38B|$7.02|92%| +|PLUG - Plug Power Inc|14.1B|$33.92|90%| +|GRWG - GrowGeneration Corp|1.48B|$40.19|88%| +|SPCE - Virgin Galactic Holdings Inc - Class A|5.56B|$23.73|88%| +|MRNA - Moderna Inc|41.3B|$104.33|86%| +|PSTH - Pershing Square Tontine Holdings Ltd - Class A|5.54B|$27.72|85%| +|CNK - Cinemark Holdings Inc|2.06B|$17.41|85%| +|PINS - Pinterest Inc - Class A|40.7B|$65.90|84%| +|HOME - At Home Group Inc|1B|$15.46|82%| +|CRSP - CRISPR Therapeutics AG|10.9B|$153.22|81%| +|DASH - DoorDash Inc - Class A|0|$142.75|80%| +|LL - Lumber Liquidators Holdings Inc|888M|$30.74|79%| +|ENPH - Enphase Energy Inc|22.2B|$175.46|79%| +|U - Unity Software Inc|41.6B|$153.47|78%| +|FVRR - Fiverr International Ltd|6.29B|$195.10|78%| +|CRON - Cronos Group Inc|2.47B|$6.95|77%| +|FSLY - Fastly Inc - Class A|8.95B|$87.37|76%| +|GLUU - Glu Mobile Inc|1.55B|$9.02|75%| +|CCL - Carnival Corp. (Paired Stock)|23.9B|$21.66|74%| +|NCLH - Norwegian Cruise Line Holdings Ltd|5.46B|$25.43|74%| +|FROG - JFrog Ltd|5.73B|$62.83|73%| +|PENN - Penn National Gaming, Inc.|13.4B|$86.39|72%| +|PTON - Peloton Interactive Inc - Class A|38.8B|$151.70|72%| +|SAVE - Spirit Airlines Inc|2.39B|$24.45|71%| +|M - Macy\`s Inc|3.49B|$11.25|70%| +|SNOW - Snowflake Inc - Class A|14.3B|$281.40|70%| +|TSLA - Tesla Inc|669B|$705.33|70%| +|PRPL - Purple Innovation Inc - Class A|2.01B|$32.96|70%| +|IQ - iQIYI Inc - ADR|12.7B|$17.48|69%| +|X - United States Steel Corp.|3.7B|$16.77|69%| +|DKNG - DraftKings Inc - Class A|18.2B|$46.53|69%| +|CGC - Canopy Growth Corporation|9.17B|$24.63|69%| +|FEYE - FireEye Inc|5.25B|$23.05|68%| +|SNAP - Snap Inc - Class A|61.8B|$50.07|68%| +|AAL - American Airlines Group Inc|9.54B|$15.76|68%| +|SEDG - Solaredge Technologies Inc|16.3B|$318.14|67%| +|HUYA - HUYA Inc - ADR|344M|$19.93|66%| +|UPWK - Upwork Inc|4.21B|$34.51|66%| +|OXY - Occidental Petroleum Corp.|16.1B|$17.31|65%| +|CVNA - Carvana Co. - Class A|11.2B|$239.54|65%| +|NET - Cloudflare Inc - Class A|23.4B|$75.99|64%| +|CREE - Cree, Inc.|11.7B|$106.00|63%| +|CLDR - Cloudera Inc|4.35B|$13.91|63%| +|RCL - Royal Caribbean Group|16.8B|$74.69|63%| +|RKT - Rocket Companies Inc Class A|2.33B|$20.22|63%| +|SFIX - Stitch Fix Inc - Class A|3.69B|$58.72|62%| +|EAT - Brinker International, Inc.|2.56B|$56.57|62%| +|CHWY - Chewy Inc - Class A|35.8B|$89.89|62%| +|UAL - United Airlines Holdings Inc|12.7B|$43.23|61%| +|WDC - Western Digital Corp.|16.9B|$55.36|59%| +|W - Wayfair Inc - Class A|16.4B|$225.81|59%| +|ARKG - ARK Investment Management LLC - ARK Genomic Revolution ETF|7.11B|$93.26|58%| +|TAN - Invesco Capital Management LLC - Invesco Solar ETF|3.66B|$102.76|58%| +|CHGG - Chegg Inc|11.6B|$90.33|58%| +|ZM - Zoom Video Communications Inc - Class A|96.5B|$337.43|58%| +|CZR - Caesars Entertainment Inc|12.5B|$74.30|57%| +|ABNB - Airbnb Inc - Class A|88.4B|$146.65|56%| +|ROKU - Roku Inc - Class A|36.2B|$331.99|56%| +|BIG - Big Lots Inc|1.59B|$42.93|56%| +|LB - L Brands Inc|10.3B|$37.19|56%| +|HAL - Halliburton Co.|16.7B|$18.90|56%| +|DDOG - Datadog Inc - Class A|20.5B|$98.43|54%| +|LYFT - Lyft Inc Cls A|15.2B|$49.13|54%| +|TWLO - Twilio Inc Class A|47.5B|$338.50|54%| +|BYND - Beyond Meat Inc|7.83B|$125.09|53%| +|ETSY - Etsy Inc|22.4B|$178.08|53%| +|CRWD - Crowdstrike Holdings Inc - Class A|39.9B|$211.90|53%| +|WYNN - Wynn Resorts Ltd.|12.2B|$112.78|53%| +|GPS - Gap, Inc.|7.55B|$20.19|53%| +|AMD - Advanced Micro Devices Inc.|110B|$91.86|52%| +|TTD - Trade Desk Inc - Class A|33.6B|$800.70|52%| +|BIDU - Baidu Inc - ADR|75.3B|$216.25|52%| +|SQ - Square Inc - Class A|92.5B|$217.64|52%| +|ARKK - ARK Investment Management LLC - ARK Innovation ETF|17.7B|$124.49|52%| +|Z - Zillow Group Inc - Class C|29.8B|$129.77|52%| +|SE - Sea Ltd - ADR|86.9B|$199.05|52%| +|TDOC - Teladoc Health Inc|29B|$199.96|52%| +|SPOT - Spotify Technology S.A.|57B|$314.66|51%| +|ZNGA - Zynga Inc - Class A|10.6B|$9.88|51%| +|ZS - Zscaler Inc|26.8B|$199.71|51%| +|ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean|4.63B|$28.23|51%| +|MTCH - Match Group Inc. - New|39.2B|$151.34|51%| +|MGM - MGM Resorts International|15.6B|$31.51|50%| +|DISH - Dish Network Corp - Class A|17B|$32.34|50%| +I have a quick growing (50-100% YoY) business in a space that has a lot of M&A activity. I receive a lot of unsolicited acquisition interest (mostly PE), but have always respectfully declined as I've previously felt I can take the business further on my own in hopes of a larger exit in the next 5 years. However, I have a strategic buyer that recently reached out and has me wondering if an exit now could be the right move. Disclaimer: I know this is a personal decision and would require significantly more context to give proper guidance, but I'm hoping to understand from those who have been through it what other questions I should be asking myself to evaluate this scenario. + +**Option 1 - $10M:** The strategic buyer wants to enter our space and has good overlap of target customer size/industry. Based on our current size, I'd expect to take home $10-15M after taxes/fees. Their expectation is for current leadership to run the practice area for the next 5 years. They've floated some lofty performance incentives ($350k salary + $1-2M/year based on growth) to keep us engaged. I know not to count on any earn out after the sale, so theoretical *"worst"* case is I take home $10M and best case we might have a $20M portfolio after the 5 years (assuming $10M today and 7% investment growth + incentive each year). Biggest concerns here are 1) not getting any extra incentive and only ending with $10M 2) losing control and working for someone else for the next 5 years 3) the impact working for someone else will have on my flexibility to spend time with my family + +**Option 2 - $25M:** I stick to the original plan, grow conservatively 30-50% per year for the next three to four years and assuming all goes well, I should be able to take home $25-30M after taxes/fees. I'd expect two years of staying on with the acquirer, so FatFIRE date is still 5-6 years out. We have a very strong pipeline and think this is feasible. This would put us in the mid range for acquisition size for our industry, so I know the buyers and market exists. I'm making $400k/yr and investing the rest into growing the business. It has its ups and downs and is high stress, but generally I enjoy what I do and the freedom to do things the way I want to. We're bootstrapped and the business can run without me for periods of time to allow for time off when I'm feeling burned out. Biggest concerns 1) letting go of a bird in the hand with the ability to take some chips off now 2) market conditions change, growth doesn't happen, etc and I'm not able to exit for $25M let alone $10M in 4 years. + +**Personal details:** Mid 30s, Married, three young kids. Current NW is around $1.5M and we spend about $250k/yr. We live very comfortably. I'm sure we could trim in some areas if needed. We'd like to increase our travel and upgrade our primary residence - I could see us creeping into the $400k+ range of spending. My goal is never need to think about spending in retirement. + +**Questions:** + +* Is this a 'bird in the hand' situation and I should jump at the opportunity to diversify? The $10M would be more or less guaranteed while as promising as the next few years look for the business, a lot could go wrong as well jeopardizing option 2 and future incentives from option 1. +* How much should I rely on the 4% rule for a 60 year retirement? 4% of $10M seems risky especially if that's the bare minimum with potential economic uncertainty. Going down to 3% makes the $10M seem far less appealing. +* Both paths lead to theoretical retirement in 5-6 years where I can spend more time creating experiences with my family. Obviously super broad question, but is working for someone else for 5 years going to be better or worse than the flexibility of working for myself but with the stress of not already 'securing the bag'. Has anyone gone through this experience? +* I see posts about the differences between $10M and $30M. To me, $30M at 4% just seems like infinite money. Obviously this varies a lot per person, but those who have been through it, is it worth holding out for more? Does $25-30M really give you that much better of a lifestyle than $10-15M? +$80 Million Dollars to short the stock this week. + +This is the price of our resolve. + +There is no price too great for them to save their asses at this point. There is nobody they won't try to turn. + +TA doesn't matter + +DDs don't matter + +Drama Doesn't Matter + +Ignore the FUD + +Ignore the price + +Ignore the negativity + +We all know the most important fact, the only thing that matters. +The shorts haven't covered... + +Everything else is bullshit. +HODL the Line. +We've already won. + +- Gherkinit +🦍❤️ + +* Edit 1 : $80m in ITM or near the money puts bought at or near the ask. For those of you curious. +37M, HCOL city, have gotten lucky to have made a decent chunk of change by joining an early stage SaaS startup, but not quite fuck you money yet. + +I have 2.5M invested in a diversified portfolio, and another ~4M in crypto (at today’s prices). If I were to sell today, after taxes I’d be looking at ~5M in liquid total net worth, which would leave me well short of my 7M FatFire goal. I am confident in the future of crypto, so my plan is to gradually sell into the next 1-2 bull runs, and keep half of it for the long term. This means that within the next 3 years I expect my NW range to end up being somewhere between 3M-7M. + +Here’s my “predicament”: I make just over 1M/year in all in comp (salary + equity) at that same company. This translates to ~500K/yr after taxes. But it’s not an easy job, and I’ve been there 7 years now and just don’t have the same drive as I did in the beginning. I’m not learning as much anymore, and there’s a big world out there that I’d like to play in (other areas of tech, real estate, startup investing, and just taking time to do things I enjoy, etc.). On the other hand, the money is substantial and feels crazy to walk away from, particularly since I’m still well short of my 7M target. + +Should I stay or should I go? Am I wasting away precious years by staying in the rat race just to stack some more chips? + +Appreciate the generous advice of this channel. +I'm currently 25-years-old. Graduated with a degree in a "high-demand" field about 5 months ago. (High-demand, yeah, sure.) + +Anyway, I was wondering what my current savings goal should be. I'm currently a cashier until I can (hopefully) find a job in my field. + + +I Googled what an "average" 25-year-old should have in savings, and Google results in multiple articles stating that a 25-year-old should have an $80,000 net-worth. (Is that a joke? Am I just really far behind by not having even close to an $80,000 net worth?) +You know, the dude who claimed his article wasn’t published 20 minutes before the price suddenly started tanking, and then when called out about it on Twitter claimed that we were all confused by time zones. He then went on to make his Twitter account private. + +Whatever happened with him? Is he still writing GME hit pieces for marketwatch or has he moved on to less illegal pastures? + +Good thing the internet never forgets, and superstonk screenshots everything! Anyone have any handy links they can add in here? +The irrelevance of dividends arguments tend to devolve into both sides talking past each other. My point here is NOT to argue in favour of them necessarily (I’ll give links to better explainers than I), but IS to try to define some key points: + +The irrelevance of dividends idea says: + +- it argues yield doesn’t correlate with total return + +- dividends ARE important to returns, they should NOT be excluded from a portfolio + +- friction (trading costs, taxes, etc) is the only difference between a dividend and selling the same % of a holding + +- dividends do NOT cause positive returns (any positive correlation is explained by other causes, sometimes common causes, sometimes not common causes) + +- stock picking due to dividends alone has historically not resulted in excess returns (positive yes, above the index no) + +- stock picking due to dividends and other factors (size, value, profitability, investment) can be matched by similar portfolios with the same factors but without the dividend screen (ignoring dividends NOT excluding dividends) + +- short-term, in Canada, selling to self-create a “distribution” has better tax implications than dividends, long term it does not have a better tax implication + +- “dividend” investors make just as many, but sometimes different, behaviour mistakes than other investors because “intuition” is a poor guide when investing (see last link fir more on this) + +- this is important because 80% of US stocks don’t pay dividends + +This [blog post](https://www.google.ca/amp/s/rationalreminder.ca/blog/2019/9/17/the-irrelevance-of-dividends-still-a-non-starter%3fformat=amp) + + + +[This analysis](https://www.cfainstitute.org/en/membership/professional-development/refresher-readings/analysis-dividends-share-repurchases) + +[This paper](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2876373) + +And [one more](https://www.advisorperspectives.com/articles/2015/12/15/why-dividend-paying-stocks-are-riskier-than-you-think#page-4) that links to Buffett’s explanation on why BRK does not pay a dividend + +Edit - summary: if you don’t screen for dividend yield and don’t make yield your starting place for choosing an investment, but do consider dividends when researching stocks/ETFs, you AGREE with the irrelevance of dividends +Hello all, + +I (25m) am a husband and father of 3. My wife is a stay at home mom and really good at it too. I am currently an apprentice low voltage electrician, and I am also an employee at shake shack. I work at my apprenticeship from 6am to 4pm Mon to Sat for two weeks and then Mon to Fri for a week (60-60-50 alternating hour schedules.). Mon-Thurs I work at shake shack from 5p to 11p. As an apprentice I go to school 1 day a week 10 weeks on 10 weeks off. It's going to start again June 22nd. + +The reason I am posting is because although I am making good money, I am getting very little sleep trying to support my family and I am worried I cannot sustain this much longer. I have crohn's disease and it's sapping my energy in addition to the lack of sleep. I guess my question is if you guys know if I am eligible for any type of aid in this situation? I am a proud contributor to my community and I am just trying to get through this apprenticeship to when I will be making more money. I'm trying so hard but never seeing my kids is becoming harder everyday. Anyone have any advice? I bring in about $1500 a week on average and I need to make that in order to continue contributing to savings and retirement. For debt I only have a mortgage and loan that was put on a credit card with a no interest promotion for a new furnace and AC. I am happy to give more details. + +Thanks. + +Edit: thanks to everyone for all the great advice. I can't respond to everyone here because I am at work (go figure). I appreciate the kind words and everyone who took the time to read this. I hope you are all having a good day and happy memorial day if you're American + +Edit 2: again thank you to everyone writing out a response. Just want you to know I appreciate everyone responding and I am reading all of these even if I can't respond. It's good to know so many people care +The squeeze has not squoze! I repeat, the squeeze has not squeeze! + +&#x200B; + +https://preview.redd.it/030mhipwmrg61.jpg?width=960&format=pjpg&auto=webp&s=dab23135b2e288db3dcbc6b8467cc3883fecb5cd + +most likely that 78.46 number is low and we're still over 100% short interest. + +🚀🚀🚀 + +&#x200B; +Went live selling 0DTE and 1DTE SPX Iron Flys and Condors on December 7 and have won 100% of the trades opening in the AM and letting them expire worthless in the afternoon. + +The spreads aren’t super wide so a single loss will not wipe out ‘months’ of gains as is the standard chorus on this sub. + +Two questions: + +1. Who the fuck is on the other side of my trade giving me money everyday? It seems like degenerate gamblers getting rekt. + +2. Why is this working so well and how have I not gotten rekt? + +Asking to not let the easy wins get to my head or effect the strategy I’m executing. +What is the difference between free cash flow in the cash flow statement and cash and cash equivalents in balance sheets. + +If cash flow statement is the movement of money shouldn't the amount of free cash floww be the same as cash and cash equivalents? +As the title states. My mother is an elderly immigrant woman and retired with a monthly income of around $7300 a month. She collects SS + Pension and rental income. The property is paid off and she occupies one unit. She would like to take some equity and purchase another property, or sell and purchase and put a down payment on another property. What's better? If she goes with the latter, would there be a problem since her only income after selling would be the SS + Pension? What do you guys recommend she do? + +&#x200B; + +Sorry for the vague details, I am clueless on RE investing but would like to receive some opinions and help her out. +I was thinking about putting it in a money market account but I’m not sure if I can open one in they’re name or gift an account or something like that. So far they’ve paid me $2,800. Thanks in advance! This is really important to me +Edit: oooooh my goodness. Thanks for all the love reddit! +Hello, + +I'm interested to hear people's opinions on European real estate. Obviously, real estate gets a lot of exposure as a very good investment, but most of this media exposure and hype is referring to America. People often refer to the 1% rule where a property is considered a good investment if its monthly rent has to be equal to or no less than 1% of the purchase price. + +But I think this is very hard to achieve in Europe. There is also the leverage benefit of real estate but this can also be achieved, but not to the same extent with a relatively safe 30-40% margin loan on an index fund or similar. + +For example, I have 4 rental properties + +Purchase price/monthly rent + +350k/2k + +135/1k + +110/650 + +120/700 + +None of them come close to the 1% rule and considering the cost of upkeep of the properties I'm considering trying to sell at least 2 of them and re-investing the money into a World index fund or something similar +I have no family close by anyway, don't really have any close friends so I've been having a hard time thinking of reasons to stay. Here where I live it's a constant struggle with a low wage job and a high cost of living, so I've been considering selling everything I own, then taking my life savings and just starting over in Mexico or Tijuana. The only thing stopping me is, idk if it's hard for foreigners to make money. +I'm an executive at a public company with a 12 figure market cap. Lately, I've started receiving tons of direct calls on my cellphone from recruiters, head hunting agencies, businesses that want to partner with my company, and more. It is annoying to feel like I'm losing control of my personal phone number that I've had for my whole life. + +What's next? People finding my home address and sending me mail? Ringing my doorbell? Contacting my family members? How do I know how much personal information these folks have on me? And most importantly, what tactics are out there to prevent these invasions of privacy from happening in the future? +There seems to be some misunderstanding surrounding cash out refinance so I thought I’d set a quick example. Hoping someone can check my work for accuracy: + +Say a property is worth 1M and there is 200K equity in it, so LTV is 80%. + +200E/800D = 1M 80 LTV + +Now the property increases in value to 1.1M and you’ve paid off 100K of the debt. + +400E/700D = 1.1M 64 LTV + +Now you decide to refinance pulling out equity and bringing LTV back to 80. + +Refinance 220E/880D = 1.1M 80 LTV + +You cash out the difference in equity and use it for another property + +400E - 220E = 180E cash out +*Debt increased 80K from 800 to 880 +Hey all, + +I’m a 20yr old college student started trading stocks January 2022 with 30k and now it’s at 15k. I’ve lost about half of my life savings and I honestly feel miserable, I can’t even comprehend that I’ve lost that much. + +It has lead to anxiety attacks, panic attacks, depression, and loss of energy/motivation. Just today I woke up in the middle of the night because of the anxiety. + +I’m thinking of taking all my money out since the market is going down anyway, and just stop trading for a couple years. + +Regardless it’s really hard for me to do that because I had such high expectations for myself in the market, but I’m so done. + +Any advice? I’ve been extremely down for a long time now. +Title pretty much says it all. The restaurant that I work for is coming under new ownership at the end of this week, and the new owner is promoting me to the general manager position. This is my first job that will be paid salary, not hourly, and my boss told me he expects me to counter his first offer, so i can gain experience with how contract negotiations will work in the future. However, the raise I’ll be getting is significant already, plus he has told me I’ll be getting a week’s worth of vacation per year (which is a week more than I have now), so it all sounds pretty great to me already! What else should I negotiate for? Is a week of vacation a normal amount? Any guidance is appreciated! + +Edit: Thank you so much for all of your advice and kind words! I did NOT expect this post to garner so much attention so I really appreciate it. I’ve got a good list of things started here but I’d like to know more about tuition reimbursement if anyone has any knowledge to offer on that. I’m 23, about to graduate college, staring down the barrel of $60,000 in student loans and counting. Are there any benefits to him tax-wise or anything if he were to make a contribution? Should I only ask for a small amount? I have no idea how that works so any advice regarding tuition reimbursement would be appreciated! +Degiro didn't handle the situation perfectly BUT at least they didn't outright stop the ability to buy like other brokers. + + +Degiro message that appears in broker: + + +Trading in GME & AMC possible with Limit orders + +Dear Investor, + +Due to extreme market conditions in AMC Entertainment Holdings (US00165C1045) and GameStop (US36467W1099) the order types with non defined execution price are currently not available. This is to protect our clients. Trading in these stocks is possible with regular limit order. No extra fees apply. Order types for other products are not affected. + +Kind regards, +DEGIRO + + +I do think they deserve some props when compared with other EU brokers out there, would have been easy for them to follow everyone else. +I recently learned FA from zerodha and applied my limited knowledge to decide between dabur and hul to invest for 4-5 years. But it is really difficult to compare someone soo big like hul to dabur. + +What would you choose ? Since my budget is too low I am more inclined to dabur. + +Also AWL is good but they are majorly dealing in oil while dabur and hul are more diversified. + +So help me what should I do ? +I'm already in my mid 30s. This stuff is pretty interesting to me. I was interested in it when I was younger, but I always had my doubts that it could work. + +Do you know any late blooming day traders? As in they got involved later in life? + +How old can you be as a day trader and still be successful? Does a slowing reaction time or something similar favor the young? +My dad has been investing in Mutual Funds for over 20 years. His investments are all in Regular funds recommended by his financial advisor (these are the ones who are called distributors now). Most of these investments are via SIP route. Today I got my dad onboard a digital mutual fund platform(Imported his external funds) and was surprised with the returns he got over the years. I was expecting the returns to be higher as he invested over the years when the Indian markets where rising. The XIRR returns he got is 8.4%. + +Comparing Index fund returns over the same period it is 10.8%( Nifty Index regular - Dividend plan). Dividend plans is what my dad invests as he needs regular income. + +Considering this data I am thinking of moving my investments to Index funds. I too am an investor for 10 years and I too see only 8.32% returns(I invest in Growth plans). + +Wanted to share this with the community as there is a popular opinion in India that active funds are better than index funds. I know this is anecdotal data but wanted to hear from the community about this. +I believe previously they were going with Huiwei, looks like that won’t be happening anymore. + + +Edit: it seems people think this is “fake news”. Here is the media release straight from their investor relations https://www.telus.com/en/about/news-and-events/media-releases/telus-announces-5g-network-equipment-partners + +Telus to $30! +Mankiw states that an increase in the money supply leads to inflation. Additionally, using supply and demand, he claims that markets have a tendency to reach equilibrium and that price controls lead to shortages and surpluses. + +How much support does real-world evidence provide for these claims? +Guys, If you own Vedanta, dont listen to the management about 12,000 crores of loss. This is a pure play from the team to exploit the common retail investors in showing that the shares are not worth their current prices. They have proposed a price of Rs 87 where infact the share price has already hit Rs 105. Dont panic and sell your shares at throw-away prices! + +The discovery price of delisting should atleast be above 240- 280 considering all the subsidiaries and uptick in metal prices. + +If you read the notes from today's annual report ( which you will have to jump two times), then you will reach to a statement where they say - Actual effects will be different than what is presented and will get cleared in due course of time ! + +WTF - Does Anil Agarwal lives in 70s ? and he thinks he is running an Abbas Mustan movie? + +&#x200B; + +Update: Thanks to u/waitingForPR , here is the link where you can read more:- [https://www.bseindia.com/xml-data/corpfiling/AttachLive/94c0742e-343e-4603-8d55-e57de39e2e75.pdf](https://www.bseindia.com/xml-data/corpfiling/AttachLive/94c0742e-343e-4603-8d55-e57de39e2e75.pdf) + +And a video explaining the same - [https://www.youtube.com/watch?v=AYRpMzz7OaA](https://www.youtube.com/watch?v=AYRpMzz7OaA) + +&#x200B; + +&#x200B; +Hi, + +In a bad situation at the moment, I’m 30M and my wife 32F has just said she wants to get divorced. Not a great time emotionally but I’m trying to be rational and am coming here for advice on people who have been through the same and how it affected their finances through the divorce. + +I’m currently the higher earner (>100k/year) and my wife is a lower earner (<20k/year). + +We don’t have any joint assets, she has around £50k from inheritance in her bank which I don’t want to touch, she should keep that. + +We currently rent and I’m paying the vast majority of it. We have 5 months left on our lease. Im going to be moving out and am happy to pay for the remaining 5 months. + +It feels so weird and sad to say, but I doubt I’ll ever see her again after the next couple of weeks while we sort things out. + +Is the divorce going to be that easy? She keeps her £50k, we leave everything else as is? + +I don’t want to be a dick, I’m happy to pay for the rent etc for the remainder but I wouldn’t want to have to be paying a monthly amount to her afterwards (we have no kids). + +Obviously never been through anything like this before so please let me know if any more information is needed to answer + +Editing to add: I don’t currently have any savings, recently spent during a move. I don’t want to take any of hers + +Editing again to add: she’s not the devil, if she no longer wants to be with me that’s fine, better to know earlier than later (although this is kind of later!). My main reason for making the post was to ask if I will have to pay a monthly payment for ever which I wouldn’t be happy with. I don’t hate her, I don’t want to see her struggling so I’m happy to cover costs in the interim so she can get her self sorted out. I will be speaking to a lawyer after advice here to make sure I’m not shooting myself in the foot by doing this. +I'm maxed out on all my retirement contributions, I put $100 a paycheck into a special 7% interest account through work for retirement, I put away $300 a paycheck to a rainy day account, and today I've just hit $40,000 in my savings account. I feel I'm at a point where I feel 100% safe and comfortable financially, and I'd like to begin to invest my money, but don't know where or how to begin. Any advice, pointers, general rules of thumb? + +EDIT : After reading some responses, I've realized I'd like to do a low fee, invest and walk away type deal. That is until I can learn the ins and outs of the stock market, and start doing more high risk moves. Thanks for all your responses so far, I've already learned quite a bit from your responses, and a corresponding Google search to figure out what you're talking about lol. + +EDIT 2: This is getting a lot more attention than I ever thought. Who browsing this has properties and rentals? I'd rather dabble in land/housing than markets. Did you remodel an old home, and now rent it? Or did you just buy a home and immediately turn around and rent it out? +Im 16 and my first job is at a pizza place thats also a sit down restaraunt. Ive been,working there in part time for 2 days and I've already clocked about 9 hours at $9.20 an hour. The problem is all the owner did was put me in their computer system but I never got some sort of form or contract implying that I work there and I never got a W-4 form either. Is this even legal? I'm also afraid he's going to fire me before payday (which is the 31st) and he wont pay me for my work. I'm in Colorado so I'm not sure, if my state has any laws surrounding this? Please tell me what to do I don't want to get in any legal trouble and I don't want to get ripped off by the owner by working for him for free. Thank you for any help I will really appreciate it. + +Edit: Thanks for the replies and the advice guys, things are going better at the place I wqs just worried that I'd get fired because the owner is a REALLY big douchebag to employees especially new ones and I was almost convinced I'd get fired soon. Not signing anything made me worried it's illegal but I learned its not, so again, thanks guys. This place is the only place I got a real reply and this is why I love Reddit. +Straight to the point. Here's what you'll need to begin your day trading career: + +* $2,000+. Anything less, and you'll find your first day pretty frustrating. +* Cash account. Margin accounts restrict you to 3 day trades per week unless you have $25,000. +* A level head. If you tend to be impulsive, you might want to pursue a different career. + +&#x200B; + +Once you have the prerequisites, move on to the tutorial. + +&#x200B; + +Tutorial: + +1. Buy low. +2. Sell high. + +&#x200B; + +Ok, you're probably thinking "wait, that's it? What about 3 bar plays, resistance/support analysis, etc?" + + +No. That's all bullshit, created by minds with a tendency to overthink shit. +While it makes sense in theory, the truth is, you can't predict the future, and it's entirely possible (though often very unlikely) that a stock will plummet straight to hell after a steady climb. + + +* Buy low. +* Sell high. +* Don't get greedy, take your gains and go. +* Buy the dip. +* Repeat. + +&#x200B; + +That's it. Keep it simple. + + +If you want a super deep guide, where I pull random stats outta my ass and make the stock market look like an algebra class, buy my course @ ILikeWastingMoney . com +Long story short, my brother, who is addicted to meth (please never do drugs kids) opened a credit card in my name. I received a bill from a collection agency for around $3500. + +I've tried contacting my brother regarding this but the conversation went nowhere until he finally admitted that he "needed" the money and that I should just pay it. He also had the audacity to ask to borrow money from me. + +Needless to say I'm not "lending" him a dime and I'm not paying this bill. What are my options? +It's April 2011, I am mining on some number of Radeon 5850s making around 1.1 BTC each day. The price is crossing $2. + +It's May 2011, I am mining on some number of Radeon 5850s, doubled. Mining difficulty is climbing quickly, and so is the price. We're almost at $10 by the end of the month and I'm still making around 1 BTC per day, somehow managing to stay on par with the difficulty as I buy more graphics cards. + +It's early June, and as I am powering on even more GPUs, the price hits roughly $32 before halving over that weekend. + +November 2011, we reach $2 after several months of everyone declaring it dead. I am on something like 8 5850s now, probably still making around 1BTC, maybe a bit less, it's difficult to remember after 10 years. After the monstrous crash of about $30, things begin to pick up by the end of the year and we enter 2012 at about $5. + +We crash from $7 to $4 between January and February, then from $13 to $8 over one weekend in August. It's dead, each time. + +It's 2013 and things are batshit insane. We have some minor 10% drops through the year but everyone is buying. Everyone is mining. I heat my new rental property with Radeon 7990s and only heat the house with graphics cards during the entire winter from 2012-2013. About 11 steps up the stairs, you go from freezing cold to being blasted with heat, like when you exit the plane into Spain. + +By April we all lose our shit and people are buying bitcoin for $100. By the 9th they are paying $200 and within a week decide that $70 is more reasonable - a 66% drop in a week. Of course, people can't make up their minds whether Bitcoin is a scam or if it's the future of humanity, so the price goes haywire and we see regular gains and drops of 10/20/30%. + +It's November 2013. Bitcoin is not a scam. Clearly, because it's now worth $200. Or is it worth $650? No, it's worth $550. Now it's $700. Nope, $1,100. Now it's $950. + +Now it's December and it's $1,100 again. But what the hell is going on, MtGox won't let me log in despite me not sleeping and spending the last 15 hours through the night trying. Now I'm late for work and I've lost 20% of my money, even though I've actually gained 1000% this year, I'm only bothered about losing 20% of what I had a day ago, just like literally everyone else. + +It's 2014. It's also most of 2015. The entirety of both years. Bitcoin is dead. Never coming back. We're down to $200. Mining still makes me the same $2-3/day that it ever has, even though the 1BTC/day from 2011 is now worth $200+/day. I give up. Everyone else gives up after buying these new things called shitcoins. I forget, not bothering to sell what I had left as it's barely enough to buy a small used car. + +It's 2016 and apparently Bitcoin has tripled since I last looked at it. What. You what. What. Everyone now wants Ethereums. It's like Bitcoin, but it'll fit on my hard drive. Everyone's shitcoins have disappeared. The however many thousands of Doggo coins I mined before I quit have disappeared along with the exchange. Ethereums are bringing out these new shitcoins that actually do something, like Golem, which is like Seti@home but will eventually literally do everything and generate an income for you. Great! Ethereum shitcoins are not called shitcoins. The world of cryptocurrency is very different to how i remember it. I swap half my BTC for ETH and then 80% of that for various tokens. + +It's 2017. Nothing bad is happening. Everyone is investing in ICOs for non-shitcoins. Everyone's making $2k/day just trading. Everyone's also making $500-2k/day just holding. Everyone has bitcoin and ether, as well as a tonne of ERC-20 tokens. Some people also have Bitconnect which seems very much like the HYIPs I used to join during my PTC/PTS days as a teenager. Seems like a scam, no good. Ethereum has several 20-30% drops throughout the year. Seems normal, I'm no longer phased after 2013. Everyone in my office is interested. They all discuss it at $10, but ask me about investing $15k when the price hits $300. Finally, they enter at $600 and no one does any work for the rest of the year. We just talk crypto. + +It's the second half of 2017. I make more on crypto in one day than at my day job in a month. Literally everything is going up. No one considers that it'll ever drop again. I'm like: "🤷‍♂️ Looks pretty normal to me, but I better sell some soon else.."... + +Actually, it's January to April 2018. New York bonuses or Chinese New year or some seemingly random event makes everyone sell literally everything. Everyone had put all their bitcoin into ether, and then all their ether into ICOs. What was once 25BTC was now 400,000,000 various ERC-20 tokens, or kittens, worth around $200. Not only did everyone sell their tokens, causing them to crash, but everyone sold everything else, making everything else crash. Crashception. Every second word on reddit is "crash". + +Ether went from $1,200 to $75 in a year or so. Declared dead by everyone. + +It's 2018-2020. I'm like, well, not sure. Probably will repeat the cycle of dips, moons and crashes, but probably should have sold. How many Deloreans could I have bought? Better not check my "How many Deloreans I can afford if I traded all of my cryptos for deloreans.xlsx" spreadsheet. My heart and soul must be dead. I have felt no emotion or regret during the crash. 2013 had used up all of that. All of my colleagues are bored and stop talking about crypto. Despite what they said, they weren't interested in the tech, only the money. One buys a folding phone for $1,500 with what was once $10k of Galaxy Ripple chocolate bars, I think. I buy more Ether, deciding to not exchange any for other tokens. From now on, only BTC and ETH for me. I buy some occasionally, but not as much as I should. I pretty much leave crypto will the expectation that we'll just repeat it all again in a few years. + +It's 2021, things are batshit insane again. Already?Woopdedoo. Everyone's talking to me about crypto. Fgs. I just decided to try the real stock market where people cry over a 3% crash. Everyone is jumping back in. What is defi and nft? Are cryptokitties nft? Is my kitty still alive? Who knows. Give it 5 years and there'll be a yet another new equivalent to shitcoins. + +Bitcoin drops by $10k in January, I'm like, meh. I play with Coinbase Earn and shortly make a mint. + +It's the present: Bitcoin drops another 10k in February, even though it's still higher than the last drop. I'm like, meh. Everyone panics. For some reason I decide to write a 20 word reddit post and it turns into whatever the hell I'm writing now for whatever point I'm trying to make. Something about not declaring it dead over a $10k drop when we're still up by $20k this year. + +It's mid 2021. Bitconnect is back and they want your doge. Bitcoin hits $80k but crashes by 20% down to $64k. The world is on fire and shit is hitting the CPU fan. It crashes by another $5k before hitting $85k. Ether was $4k but now deemed dead because it's only $2k. Soon it'll be $5k. Elon tweeted about doge being the national currency of Mars. It's a joke, but now doge is $42 and I remember that old exchange that vanished with probably $420,000,000 worth of my doge, and 50 LTC. Twelve seconds later it's back to $0.10. Everyone is mad because it is now only worth double of what it was worth yesterday, even though it is down from ,12 seconds ago. + +It's every other year from now until the end of eternity.. Everything crashed by 50% overnight. Now it costs me 250 satoshis or less for my latte. Ether is $1^26 or something and no one knows what is happening anymore. The price went so high because 10 billion people on Earth use it daily, either directly or because their car automatically pays for tolls on the Ethereum network with that project from Oaken Innovations that hasn't been updated in years, that now no exchange can display it correctly or something. Everyone is now an NZT or NFT or POS or some other acronym. While I'm working, my phone earns me 0.2 GLM, my fridge earns me 4 MYST, my washing machine earns me a few E-DOGE, all while I process medical simulations and allow some family in China to access wikipedia without their government seeing. My family on Mars send me some DOGE to keep me afloat. Ripple is still being investigated by the SEC while their owners siphon another $100m each year. The price of all cryptos goes 10x every other year but it's all dead when it drops 10-20%. + +It's the end of this post. I've no idea what's going on. Has the crash reverted in the time that I've written this? How many Deloreans worth of crypto have I lost today? How many Deloreans worth of crypto have I gained since the start of the year? I look at the price of literally every crypto and see a 10% drop after an unlimited % gain since inception and several hundred percent just this year or so. + +Its the end of the end of this post. I consider how to end it, but instead have two endings. Things don't make sense. I consider changing the title to reflect my original intention of pointing out how a 10-20% drop is pretty much to be expected with crypto and that by looking at the bigger picture, you won't even see this dip on a chart next year. Instead, I do whatever I am doing now. I give up and decide to post this so I can use the reddit app to check if anyone has posted anything meaningful about NuCypher, even though I expect the usual pump posts. +« The rub has been that +government has been exceptionally able +in printing money and creating promises, +BUT (government) is unable +to print gold or create oil » + +He was referring to their 1964-1979 book value’s annualized compounded growth of 20.5%, and inflation... + +Book value of Berkshire in 1964 could by 1.5 ounces of gold, but in spite of the previously mentioned 20.5% compounding, + +in 1979 book value of Berkshire could… + +buy still only 1.5 ounces of gold. +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. +As the title says, I started trading in July 2020. I had no strategy going in, I'm more of a learn by doing type. I had an attitude when I started that I was going to be a millionaire, or lose it all. And I truly was okay with the idea of losing my 130k. I eventually broke even after sustained losses, in November 2020. And then it was just unreal gains until mid febuary. + +I played crypto, EV, and penny stocks, just buying and selling stock, no options. When any of these sectors were ripping, you could pick any stock in the sector and make 100's of % gains. Between November 2020 and Febuary 2021 I made 700k. I was sitting at a 800k net worth middle of feb, and I thought i could do no wrong. But since mid febuary, I've gone on to lose 550k. + +Still up 120k from when I started a year and a half ago, but I feel I've lost the spark. Or the market has lost the spark. I no longer feel comfortable losing what I have, and I also feel that a million is so far out of reach. When I started I think I had a mix of beginners luck, fearlessness, and speculative assets were just f***ing exploding across the board. But now I'm lost. I want to do this as a career, but if the past year has been any indication, I might not be cut out for it. (550k loss). I just want to get back on the right track and start seeing my portfolio go up again lol. I missed DWAC because I was banging a girl all day. I still resent her for it LMAO. + +Anyway I'm still a beginner and was just hoping to hear some anecdotes from those who have been in similar situations. Thanks for reading, GLTA! +As the title says, I started trading in July 2020. I had no strategy going in, I'm more of a learn by doing type. I had an attitude when I started that I was going to be a millionaire, or lose it all. And I truly was okay with the idea of losing my 130k. I eventually broke even after sustained losses, in November 2020. And then it was just unreal gains until mid febuary. + +I played crypto, EV, and penny stocks, just buying and selling stock, no options. When any of these sectors were ripping, you could pick any stock in the sector and make 100's of % gains. Between November 2020 and Febuary 2021 I made 700k. I was sitting at a 800k net worth middle of feb, and I thought i could do no wrong. But since mid febuary, I've gone on to lose 550k. + +Still up 120k from when I started a year and a half ago, but I feel I've lost the spark. Or the market has lost the spark. I no longer feel comfortable losing what I have, and I also feel that a million is so far out of reach. When I started I think I had a mix of beginners luck, fearlessness, and speculative assets were just f***ing exploding across the board. But now I'm lost. I want to do this as a career, but if the past year has been any indication, I might not be cut out for it. (550k loss). I just want to get back on the right track and start seeing my portfolio go up again lol. I missed DWAC because I was banging a girl all day. I still resent her for it LMAO. + +Anyway I'm still a beginner and was just hoping to hear some anecdotes from those who have been in similar situations. Thanks for reading, GLTA! +Originally from Spain and currently living and working in Cork with 72k€ salary per annun (contractor for a Medical Device company) + +I've been offered a 110.000CHF permanent salary in Switzerland (Fribourg). + +Would you make the move? I'm saving around 2000€ per month in Cork. Would I have higher savings capacity in Switzerland? + +I'm in my late 30s , living with my partner. She would have to find a new job in Switzerland. +All these post are doing is spreading FUD. +If we lock up the float on CS they can halt trading as long as they want it doesn’t f-ing matter we ain’t selling. These rules are pointless, change my mind! + +Just keep in DRSing, even if we don’t no body sells. So there’s no point in being afraid if they halt the NYSE. + +Edit: +Since this blew up, + +Don’t get me wrong apes, I rather see this rule go to. I’m not saying it’s a good thing. I’m just saying don’t let it scare you. + +I’ve been Hodling since Feb and they can stop trading for a year I don’t care I’ll Hodl for another year... No cell No sell. + +💪🏻🦍🚀🚀🚀🌚 +Many in this sub are quick to dismiss the low dividend payers....but that can be a miss. Take Hormel for example, a very boring consumer packaged goods company that's been around forever (numbers below are adjusted for splits). + +For most of 2007 & 2008 (pre-crash), Hormel was trading in the $8.50 to $10.50 range with an annual dividend that grew from $0.15 to $0.18. So your yield for most of that two year period was 1.5 to 2%....nothing to write home about. + +Fast forward to 2014 & 2015. Stock was trading in the $20 to $30 range with an annual dividend that grew from $0.40 to $0.50. Again, for most of this two year period, the yield was in the 1.5 to 2% range. + +Fast forward to today. It's be trading in the $45 to $50 range for most of the last year with an annual dividend of $0.98....thus giving a yield of roughly 2%. + +So over a 13-14 year period, while there have periods when the yield was higher and lower than 2%....that's roughly the trajectory it took. + +If however, you bought when the stock was trading at $9 back at the beginning (which it did for over a year); your yield on cost would be easily 11% (and that's without reinvesting the dividends). If you reinvested the dividends, then you basically invested in a printing press. + +The moral of the story; pay less attention to today's yield and more attention to the long term health of the company. +I'm 21 and the advice is to focus on growth stocks/investments if you are young and your time horizon is long. If average annual returns are 10%. Would I not have the exact same net worth growth as having a %10 yield annually instead? The outcome would be exact same no? The only difference is I don't have to sell any investments to realize the 10%. + +I must be missing something cause this isn't making sense how growth investments are better long term then income yielding investments. Thanks! +Have a large lump sum from a property sale that I don’t know what do to w right now. Already have plenty of savings in the bank, no debt outside a small mortgage on my primary home, and VTI in my retirement accounts. + +I was thinking SCHD as a 3-5 yr holding spot for the funds. I’d like to buy another home down the line. + +My concern is that the markets at an all time high. In Schwabs own prospectus it shows “deteriorating conditions” and recommends “do not initiate new position” + +Again it’s not money I’m going to touch for at least 2 yrs. + +Thoughts? +Im 24 and very unexpectedly inherited $600k. My family has always been mad at each other and turns out my out of state grandma liked me best. + +I have a decent job that pays the bills without leaving too much money to save or spend. I feel like telling everyone and am obviously pretty pumped about this but reading threads here this seems like a silly idea, so I thought Id at least mention it here. + +I have a degree unrelated to finance and have never had much money. So Ive been googling and came to the conclusion that maybe approaching Blackrock or Vanguard might be the best choice? But I have no idea if I need to negotiate with them or if they try and take advantage of you. And this advice only comes up every so often, so not sure if its actually the play or if with 600k Im too small of a fish. + +Or if I should approach a bank to invest in something that tracks an index? + +Any pointers would be very appreciated. +Welcome to BabyCakeInu!!! + +🍼 BabyCakeInu is a fair, stealth launched coin with the same revolutionary tokenomics as BabyCake: + +15% tax: + 👶 3% added to liquidity + 🥞 7% CAKE🥞 rewards to holders + 🐕 5% to HUGE marketing + +Ticker: $BABYCAKEINU +Telegram: https://t.me/BabyCake\_Inu + +BabyCakeInu had a FAIR stealth launch on BSC on July 24, led by an amazing dedicated team who are working hard to realize their vision of giving holders the best shot possible of following BabyCake to the moon. + +All you have to do is hold your BabyCakeInu for your ✨AUTOMATIC CAKE REWARDS✨, as the System auto-claims the reward 🍰CAKE🍰 for you every 60! minutes. The Minimum BabyCakeInu you need to hold, for you to be able to get the rewards is only 😲200,000😲 so try to get your CakeInu as early as you can to get the most CAKE rewards. + +The taxes are in place to prevent large token holders from buying and selling the token too quickly and dumping on BabyCakeInu's price, wrecking all the smaller holders. We have 2 extra measures in combination with the initial transaction taxes for this reason. + + • Any transaction that is trying to sell more than 0,1% of the total supply will be rejected. + • An extra 1% is added to sell tax to make the coin deflationary + +This makes BabyCakeInu a deflationary DeFi Token that rewards its holders with every transaction! Also thanks to the fair stealth launch, the early supply wasn't bought up by bots and so you have a FAIR chance to be one of the early lucky buyers. + +Where BabyCakeInu is going, every paper-handed, swing-trading early seller will get rekt, fuelling our precious 🍼🧁Inu's launch to the moon, all while holders are stacking their cake rewards sky-high. + +Don’t miss out on this sweet cakey chance to finally be in a 100x project! + +BabyCakeInu's experienced team has launched various successful projects across multiple platforms, and are are trying to be as transparent as possible. Please forward questions to the team via their official Telegram community through the link below 👇👇👇 + +🍼Official Telegram: [https://t.me/BabyCake\_Inu](https://t.me/BabyCake_Inu) + +Check Out: + +⭐️Website: [https://www.babycakeinu.net/](https://www.babycakeinu.net/) +🐥Twitter: [https://twitter.com/BabyCakeInuBSC](https://twitter.com/BabyCakeInuBSC) +🥞BabyCakeInu on PCS: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x49d0ae20b7eaa706e2ec56b0259d5ec5d677dda9](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x49d0ae20b7eaa706e2ec56b0259d5ec5d677dda9) +"If GME hits $73,000,000 by next century I will cut off my left nut" + +No one gives a fuck, just do the thing. Stop flooding the subreddit with garbage. You are not original, cool or funny. I REALLY don't get why people upvote these. Comments are fine but these posts only drown out other good content here. + +Inb4 a billion downvotes so might as well turn off replies to inbox +https://www.cnbc.com/2019/03/08/costco-beats-profit-estimates-as-margin-pressures-ease-shares-rise.html + +Costco Wholesale whizzed past analysts' estimates for quarterly profit. + +The warehouse club operator's margins were lifted by a drop in gas prices and a shift to lower-cost sourcing. + +Costco said it will raise its starting wages to $15 and $15.50 per hour, from $14 and $14.50 per hour in the United States and Canada amid a tight labor market. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/vjQQDJ8whP) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 2048 days +In July of 2014 I accepted a healthcare IT position for a well known hospital. At the time, I had only 2 years of experience in the field and was fairly green. Since then I have learned an overwhelming amount through my various assigned projects and my skillset has improved dramatically. After lurking in this sub for several months, I became increasingly agitated by my employer's inability to revisit my initial salary, which I know was considerably lower than my coworkers. Coming to the conclusion that my salary would never increase without action from myself, I summoned the courage to talk to my boss. I demonstrated clear examples of how well I had adapted to the unique challenges of the job. It didn't take very long before he stopped me and said "You don't have to say anymore. Your work has been tremendous lately and we need to reappraise your salary." + +Unfortunately it took five gruelingly long months to get the last bit of approval needed through the awful bureaucracy that is my employer's HR, but I just received the news yesterday that it had been fully approved. Effective in 3 weeks, I'll be making $82,000 from $65,000, and staying with the same employer. I can't wait to up the percentage on my 401(k) and start putting more away each month. I'm still buzzing, and I'll always be a loyal follower of this sub! + +Edit: The response to this has been overwhelming. Thank you all for the kudos! +In light of recent / ongoing comments from Parity team members on Twitter, a question is raised: does Parity have a conflict of interest working on both Polkadot and Eth 2.0? + +Example thread essentially bashing / FUDding ETH 2.0, while framing Polkadot in a very positive light: + +[https://twitter.com/5chdn/status/1096084730456489985](https://twitter.com/5chdn/status/1096084730456489985) + +&#x200B; + +Here is a comment from Afri on the thread above: [https://twitter.com/5chdn/status/1096420896288448512](https://twitter.com/5chdn/status/1096420896288448512) + +I don't really accept that the original tweetstorm was in good faith, and just sent "to stir a discussion", when you make comments like: + +*From a legacy chain client developer perspective, this will be a hell of a task to maintain the* [*~~$~~****ETH***](https://twitter.com/search?q=%24ETH&src=ctag) *1.x chain for another 2 or 3 years. From a d-app or contract developer perspective, projects like* [\*~~#~~\****Polkadot***](https://twitter.com/hashtag/Polkadot?src=hash) *will be much more interesting because you can already use them in 2019.* + +&#x200B; + +This, among other tweets and communication, is painting a narrative that intentionally misrepresents Polkadot and attempts to damage ETH. There are far more constructive ways that this discussion could be framed, and we should expect better from implementors that have received 5 million dollars to build ETH 2.0 just a few months ago. + +&#x200B; + +Should we as a community accept that a team that has received millions of dollars from the EF is directly building a so-called ETH-killer? Will this eventually lead to botched releases and development delays designed to minimize the success of ETH 2.0? Will it foster negligence a la the multisig bug? (Edit: This reads a bit conspiracy-esque, but was just pointing out what might happen if there is a large enough incentive mismatch. It's at least worth asking the question due to what we've seen happen with crypto in the past.) + +Looking to start an open discussion on this topic, all viewpoints welcome. +Total noob here, and I must confess also totally blinded by monetary needs. + +A little background first. Currently working in one of those shiitty soul-sucking 9-5 jobs for a pay of measly 15k a month, while watching people doing less than me getting twice as much, just makes me wanna give up. Covid wasn't really kind for me, and currently I'm finding it hard to make end meet with what I earn, also have a family to feed. Have somehow managed to save up a few bucks over working for 3 years, and afraid I'll start depleting it soon. + +I'm definitely missing a lot in my (very conservative) calculations, but I was wondering if I were to engage in intraday practice with a capital of about 50k, gaining on average 1% RoI per day for a month, that should net me a month's equivalent of salary ? I'll still be in the same financial stress, but I least I could save a bit of my soul by resigning. + +---- + +I've begun researching since a week. Here's how I plan to trade : + +* Select about 10 stocks with respectable per day volume trade. +* Buy those daily, ofcourse, with stop-loss set at negative 0.5%. +* Hold if they rise, ofcourse, till 1% gain. +* After and if they've already gained 1%, sell them if they ever drop by 0.5%. (I've come across a term 'trailing stop-loss', and guessing this is what it means.) + +---- + +#####Here's my other unorganised thoughts : + +* Sometimes some stocks should be going beyond 1% gains. +* Even if I make a 100% red trades, per day whole month. I stand to lose 7.5k worth of capital + trading charges + losses for orders not executing on time for whatever reason. A hefty amount, but what I'm willing to risk. +* Optimistically, the above should minimise my losses and help me towards crossing that 1% barrier. +* I do have my wits and fully trust them. Actually it's only my wits that I have. I'm fully committed to make this work, whatever it takes. +* What trading platform would give the most reliable intraday trading experience. Thinking of going with Zerodha, even though this sub generally disagrees with using Z for this kind of operation. Chose Z only because this sub doesn't seem to have a favorite for intraday activities. +* Had a few more things on my mind, but can't recollect them right now. +* Oh yeah, and I'm using Varsity to educate myself better, plan on cleaning up my entire twitter/youtube feed and refilling it with just investment/finance related contents. As a means to immerse myself. +* Will be going all-in not before I get a good grasp on technical analysis, will be trading with low 2-5k capital meanwhile. With the first objective to not lose it all, and second objective to realise 1% goal for 2 months straight before I start pumping in more cash up till 50k *~~hopefully and possibly beyond~~*. + +I'm here for a second opinion. Looking for stuff I overlooked. + +Tl;dr : Title ! + +TIA + +----- + +###Update 1 : + +So, this post was flagged by automod and wasn't visible on the sub when I posted. Probably a real mod approved it later (thanks!). Which is why I wasn't here checking up the comments, came here just now to repost this and just to see that I've already been well advised. I'll be going through the comments in few hours after I get back home. Thank you to everyone that participated. + +On a glance, I've saw a comment I'll like to address : I've already considered that fact that if it were so easy, everyone would be doing it. Therefore, this argument doesn't really change anything in my thought process. Should've made this comment under the list of my unorganised thoughts. + +And to another comment that goes something like : 90% people lose money in intraday : Well what's stopping me from belonging in the other 10% ? That's what I actually came here to know. + +Will be reading the rest of the comments in details in some time. Thankyou once again. +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. +[https://www.ft.com/content/b9d21ee4-c94a-4b10-aef8-532bf11fcc4f](https://www.ft.com/content/b9d21ee4-c94a-4b10-aef8-532bf11fcc4f) + +Am I the only one that thinks this is nuts? They have delivered 20,000 cars to date.... seems like prime tech froth +Hi everyone, I have noticed quite a few people are not sure if they are analyzing the financials of the company the right way. I know the majority of the value of financial analysis comes from the assumptions but I thought it would be very helpful if we shared our favorite spreadsheet model templates for the community to see. + +Let us know what yours are in the comments :) +I don't know if anyone else noticed, but Friday was kind of a big one for GME. It **ripped face** from $43 up to $75 in the morning session. That was fucking wild, even for this autist's dream of a stock. + +Others have already commented on why this has happened, but I'll summarize for the dunces in the back. In short, the market makers wrote a **LOT** of OTM calls last week, and then had to buy shares to cover when those calls went ITM around noon. This is what caused the absurd spike from $50 to $75 in just an hour and a half. That's the **gamma squeeze** that everyone has been talking about, where MM's couldn't cover fast enough. + +The rest is history, GME closed at $65, and every single call that expired yesterday was ITM. That's fucking retarded. + +What this means, though, is that the MM's/brokers are going to have to deliver a ridiculous amount of shares when these expired options settle. Typically, settlement is on Tuesdays. I've read estimates that 10-15M shares worth of calls expires ITM last Friday. Again, this is fucking retarded. + +Please note that **none** of the above movement relates directly to the short squeeze... but it will. Because there are now 10-15M shares tied up in the clearing houses, there are now even **fewer** shares to be borrowed. There are estimates that the true short interest on this stock was around 300%. Now, with about 20% of the total float **committed to the fucking clearing house** as they sort out Friday's shitshow, I expect true short interest is closer to 500%. + +Demand for GME will continue to pump on Monday. This is a cultural event now, where every lay person can be a modern-day Robin Hood. The shorts are going to have their positions closed whether they like it or not if this continues (which it will). Since there are far *far* **far** fewer shares floating over the next 2 trading days, though, a squeeze on Monday or Tuesday could utterly destroy Melvin and the other shorts. + +If RC even opens his twitter app this weekend, it's over. + +Positions: [Take what's yours, gents.](https://imgur.com/a/7ipopDo) +I have been paying $10/trade for past decade and think it is time to get off this highway robbery. Every year it costs me several grand in just trading fees and limits my trades severely. + +Those of you who have moved away from the Canadian banks brokerages to free or very low cost brokerages, which brokerage you like best? Questrade/wealthsimple trade/ IBKR....?? And do you ever worry about being left high and dry of brokerage goes down as in bankruptcy? +https://www.theage.com.au/property/news/the-suburbs-where-the-property-market-has-fallen-most-20220526-p5aorr.html + +We’ve been actively searching in Melbourne’s SE for 4 months and this has completely been our experience. Places going for 1.2 when neighbours were selling for 1.35 6 months ago. + +This is despite agents and realestate.com.au doing everything they can to pretend that places aren’t turning in and that the market is pumping. Interest rates have barely even risen yet, too. + +We’re about to see how the market stands without free money - and it’s looking brutal. 👇🏻👇🏻👇🏻 + +I hope my fellow millennials will join me in waiting six months for things to really happen - they had their turn now let's take ours. Unless you find something you love of course - then enjoy it in good health! :) +From past few years, I have started relying a lot on online payments and its increasing every passing year. Thanks to UPI and E-Wallets. I just load amazon and PayTM once in a month and am done. I rarely use cash these days, even when I do its less than 100 INR, because all main things like groceries, bills etc are already paid by Card/UPI/E-Wallet + +Honestly, cash was a pain for salaried class and for people doing business through banking channels like cheque etc because back then you get money in band, go to ATM, withdraw cash and then use it for rest of the month, makes no sense IMO. + +My family use cash sometime though to pay maid, milkman etc as they don't accept online payments. + +I was wondering how are things for you guys, how often you use cash? +I had quite an “aha” moment today that, in hindsight, should have been really obvious. + +So I am a salaried employee and currently receive 20 days of “vacation” each year (you don’t use it when you’re sick, strictly vacation) in addition to holidays. It’s a very flexible work from home arrangement and management is incredibly supportive of time off. That increases every year from here on out and will top off at 23 days. + +Each year, we are given the option to sell or buy 5 days. So, you could take 28 work days off every year. + +All this time, I’ve been selling days to earn more money to save and invest. I see the path to FI as simply buying our freedom. + +So today it clicked - I will be buying 5 days every year, instead of selling, and taking as much time off as possible. Why not buy more freedom now (with a family), it hardly makes a dent in our finances to do so. + +Anybody else take a similar approach? +Sorry for the weird wording. I'm thinking a long the lines of many player iterated prisoner's dilemma or tragedy of the commons type problems. + +Eg. There's a bank run. People can either withdraw their money or not. Everybody is defecting, but would prefer that nobody defected. The government declares that they will make sure everybody gets their money from the bank. People think that other people will quit defecting because of this, so they quit defecting. It doesn't actually matter if the government does anything other than make the statement. + +Is there a name for events that cause people to quit/start defecting? +Trump always says that the economy is great and "the best ever in history". This seems hard to believe, especially when GDP has dropped by a huge amount. So what figures is he looking at to be able to make this claim? +What did you when Lehman declared bankruptcy, did you stop selling premium or were you greedy? + +Was it easy to see that a recession and a crash was coming after Lehman bankruptcy? + + +$SAD token is not a token about being unhappy or depressed.It's a token with costumized tokenomics and it's between the first tokens of this kind. +The use case is also unique as much as the contract's features are. +The reason behind the birth of SAD was to help people in crypto by giving them the opportunity to share their problems or bad beats or whatever +they want to talk about in a group therapy session or individually. + + +In a very short time the team will develop an app which will give people the possibility to choose between costumized chat rooms for video or voice +calls. +It's going to give the possibility to get crypto coaching or mental coaching with a pro or simply therapy with a psychologist. + + +In terms of contract code, it has very unique functions which no other token has at the moment. First of it's kind. + + +50% of the total supply was sent to a dead wallet before the fair launch. +40% will be added in liquidity on PancakeSwap +5% will be left aside for being burned during time on specific dates which will be discussed with the team and posted on the telegram group +3% of every transaction will be redistributed between holders in $BNB which they can claim weekly +3% of every transaction will send $SAD token in rewards to the holders + + +FAIR LAUNCH: at 1000 members on telegram + + +Website: [www.sadtoken.com](https://www.sadtoken.com/) + + +Telegram: [https://t.me/SadTokenBSC](https://t.me/SadTokenBSC) + + +Twitter: [https://twitter.com/Sad60289906](https://twitter.com/Sad60289906) + +[**Telegram**](https://t.me/SadTokenBSC) + +**Sad Token Community** + +Sadtoken.com +I heard someone say this, specially about the ultra rich. Is it a big problem? And compared to other economic or financial issues, is it a big problem? It's an open ended question but I'm not sure how to make it close ended. +[My complaint is in the mail.](https://imgur.com/a/2zP8tmc) + +[Tracking update: Expected Delivery by Tuesday November 9](https://imgur.com/a/tzKX4oA) + +Onward and upward. + +*Disclaimer:* + +*My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking actions projected to cause a systemic market event. I haven't received information indicating that the number of beneficial GameStop shareholders exceeds the number of outstanding shares. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Joe Rogan, PFTCommenter, or Ariana Grande.* + SportemonGo that launched yesterday and could be next GMR. + +Almost 12,000 holders in less the 24 hours! + +**Augmented Gaming Reality Powered by Unity Engine** + +* DOXXED FOUNDERS +* 20 YEARS EXPERIENCE IN SPORTS/GAMING +* ANTI BOT PROTOCOL +* Whitepaper ✅ +* LIVE AMA + +Sportemon Go was founded in 2021 by Ricky and Corey Jackson. With illustrious backgrounds in sports marketing and sporting software, the pair envisaged the creation of a platform to stand as a world premier in NFT augmented reality sports trading. + +With a purpose to revolutionize both the gaming and NFT collectible industries, Sportemon Go will enable its users to hunt and collect NFTs of their favourite sporting heroes in both the real world and in real time. Creating the perfect synergy between our current world and the metaverse, participants will be able to interact at stadiums and sporting events like never before. + +Sportemon Go is funded solely through its own cryptocurrency, a BEP20 token leveraging a smart contract on the Binance Block Chain network. This native cryptocurrency will power the entire economy within the platform allowing users to purchase NFT collectibles, form their ultimate team, participate in mini games, earn rewards and much more. + +**Tokenomics:** + +* Total supply: 1,000,000,000,000 +* Burned supply; 15,000,000,000 (15%) +* Tax 12% (5% liquidity, 4% reflection, 1,5% development, 1,5% marketing) +* 15% Locked future development wallet +* 5% Locked dev wallet + +**Teams previous partnerships:** + +* COCA COLA +* UEFA +* OLYMPICS +* UNIBET +* ESPN +* CORAL +* PLAYSTATION +* UEFA CHAMPIONS LEAGUE + +**LINKS:** + +Website: [https://sportemongo.com/](https://sportemongo.com/) + +TG: [https://t.me/SportemonGoBSC](https://t.me/SportemonGoBSC) + +Contract: [https://bscscan.com/token/0xe5d46cc0fd592804b36f9dc6d2ed7d4d149ebd6f#balances](https://bscscan.com/token/0xe5d46cc0fd592804b36f9dc6d2ed7d4d149ebd6f#balances) +I decided to work another year or two to make my NW "fatter" after hitting my NW goal and I notice that I recently tried to avoid tasks I feel wasting my time, or adding a mental burden. + +My SO recently told me that I'm setting some bad examples for the kids. (After hitting the NW target) She pointed out some examples: + +1. I always want to buy FastPass (or similar) so I don't have to wait in line. +2. I always use valet parking or premier parking because I don't want to spend time in parking. +3. I outsource almost everything "chores" I don't enjoy. I hire someone to handwash my car at home, for example. (Voice on my head: Yep, it cost $60 bucks but I can relax at home on weekends.) +4. My insurance company made a wrongful charge of about 10 bucks. I just told my SO that I don't want to spend time talking to a machine or standing on the (phone) line to right the small wrong. +5. I do not return anything < $X bucks on Amazon because I don't want to spend 20-30 minutes round-trip dropping the item at a nearby UPS. X is about $50 today and it can change from time to time. + +I can go on and on. But basically what she is trying to convey is that our kids could be somehow spoiled. I ask myself -- what happens here is that **I started labeling a dollar price to my free time.** + +My SO tried to convince me by reminding me what I said to her when we started our journey: **$50 saved could mean $500 dollars in 20 years if thinking of compounding interest.** And she feels that I'm setting a bad example for kids and contradicting my own FIRE belief. Lastly, her argument is that "I'm not doing anything important" -- I'm just reading Reddit or watching youtube :) + +I don't know what's wrong with me. This behavior just gradually happened to me since I made 7 figures and have an assistant at work. The symptom just get worse once I hit my target NW to FIRE. I sometimes give in for the sake of happy marriage, but in my heart, I just don't know it's a smart or a stupid move to put a price tag on my time. + +Curious to hear your thought? +Tiki is the biggest auto-redistribution Token around , thanks to the current dip , it's down to 24m cap , from 42m ATH , so it's a great opportunity now ! + + +Nobody else cracked the auto-claiming. Every 60 minutes, you get paid in BNB 🔄 + +Listed on Coingecko, cmc is next. + +The bigger the bag, the bigger the redistribution. + + +Auto BNB redistribution every 60 minutes. The bigger the bag, the bigger the redistribution. + +* 10% BNB Redistribution fully automated +* 5% LP pool +* 0.1% max supply per transaction +* 3% sell fee + + +PREMIUM Audit is done by HASHEX + +Reaching a new ATH every day. + +They’re working on a new anti-dip / buy back system that should be live this week. + +They’re also doing deals with big influencers + AMA on a 75k+ members crypto community tomorrow + +Contract: 0x9b76D1B12Ff738c113200EB043350022EBf12Ff0 + +Website : [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +Audit - Hashex [https://github.com/HashEx/public\_audits/blob/master/TIKI/TIKI%20report.pdf](https://github.com/HashEx/public_audits/blob/master/TIKI/TIKI%20report.pdf) + +Whitepaper and tokenomics- [https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16](https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16) + +Website : [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +Twitter : [https://twitter.com/realtikitoken](https://twitter.com/realtikitoken) + +Discord : [https://discord.gg/pU2qj7Ja8h](https://discord.gg/pU2qj7Ja8h) +Article link: https://finance.yahoo.com/news/amazon-earnings-162246834.html + +$AMZN is currently up 18% in AH. + +Amazon (AMZN) reported fourth quarter results on Thursday and announced it will raise its Prime membership fee to $139 per year from $119 in the U.S. The stock is soaring in after-hours. + +These are the top- and bottom-line results for Amazon's fourth quarter. + +Earnings per share: $27.75 + +Revenue: $137.4 billion + +This is the third time since the launch of Amazon Prime that the e-commerce giant raises prices for its yearly delivery service in the U.S. It hiked fees in 2014 and 2018 by $20 each time. The announced price change will go into effect for new members on February 18th. Existing members will see the fees upon their renewal date after March 25. + +The company's net income nearly doubled last quarter compared to the same period the previous year, in large part because of the company's investment in EV startup Rivian (RIVN). Amazon reported $14.3 billion in net income for Q4, compared to $7.2 billion during the last three months of 2020. + +"Fourth quarter 2021 net income includes a pre-tax valuation gain of $11.8 billion included in non-operating income from our common stock investment in Rivian Automotive, Inc., which completed an initial public offering in November," said the company's earnings statement. + +Net sales increased 9% to $137.4 billion in the fourth quarter, compared with $125.6 billion in the same period last year. + +Amazon's Web Services unit brought in $17.78 billion in revenue for the quarter, compared to expectations of $17.23 billion. + +The company's 1st quarter revenue forecast is for $112 billion-$117 billion. The Street was expecting guidance of $120 billion. + +“As expected over the holidays, we saw higher costs driven by labor supply shortages and inflationary pressures, and these issues persisted into the first quarter due to Omicron. Despite these short-term challenges, we continue to feel optimistic and excited about the business as we emerge from the pandemic," "Andy Jassy, Amazon CEO said in the company's earnings release. + +Disclosure: I have long positions in $AMZN. + +What's very noteworthy is that they also booked an **$11.8B pre-tax gain from their stake in Rivian**: https://www.reuters.com/business/media-telecom/amazon-hikes-prime-membership-fees-us-2022-02-03/, which accounted for more than *80%* of their quarterly profit +This post is particularly for those who have little to no idea about Market Cap. + +People new to crypto often fall prey to the shillers offering millions of tokens at just $10 or so. The boom of dogecoin and it's peers have just added fuel to the sale of memecoins which are often scams or rugpulls. Even if they aren't, that doesn't mean it's a good investment. + +The value and room for growth of any Cryptocurrency is determined by it's Marketcap. The market cap of a token is calculated by multiplying the value of one coin into the total supply of the coin. + +If a coin has the value of $0.0001 a piece and the market cap of $100 billion and you buy a million tokens thinking it'll make you a millionaire someday, you are WRONG! +This token will NEVER go to $1. For it to reach $1 the market cap of the crypto would have to be $1 Quadrillion Which is IMPOSSIBLE! Even Bitcoin, the OG, doesn't have that marketcap. + +That being said, while checking the marketcap is important,if the token is deflationary you should check the minimum supply it will have in the future and then calculate it's highest possible growth. + +If there is something I need to add or correct, please comment it. + +Edit: Market capitalisation is obviously not the only criteria which can help us determine how much a coin's value can grow, but it is a good place to start. There are plenty other things such as total supply and max supply of tokens, fully diluted market cap, volume etc. +One should always read the token's whitepaper to find all the details, check social media handles of the dev team and the official handle of the token (if they have any). +Back in the spring I was an idiot and made some dumb moves. You know what happened, something about monkeys and diamonds… Anyway, it was the future and I wasn’t going to be left behind. Like I said, I was an idiot. Jumped on a pump and dump basically…along with some other ‘future tech’ plays. Oh wow, that was smart /s. + +Anyway, I’m sick of it. I was primarily a value investor before and that’s what I’ve been doing since about June. I’m finally comfortable again and have high conviction stocks that I want to buy more of. + +Those big red -50% or more plays in my portfolio have been eating at me. They’ll come back right? Right!? Well, would I buy them today at this price? No. + +So today I finally bit the bullet and locked in those ugly losses. It’s ok though, I think. The idea is to shunt what money is left from those trades into higher convictions stocks. + +Anyway, I was really hesitant to rip off the bandaid but I do feel relived so maybe there are some of you like me. +I was an early employee at a company that is about to IPO later this month. I am no longer employed there, but exercised all my options upon leaving. I am mid-career, in my mid-30s and have always done my own taxes and finances. Upon IPO, my shares should be worth roughly $8M on paper. + +What should I do to prepare for IPO? I am getting served paperwork and documents, and not sure if I should consult a lawyer. Going forward, what are things I can do to manage the risk of having such a substantial part of my NW tied up into a high-risk stock? I don't have a finance professional or tax professional helping me-- should I begin interviewing? Not quite sure where to start. + +Have been a long time lurker. Thanks +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! 🚀 +**What the fuck is wrong with some of you people?** + +u/ButtFarm69 steps up and creates something amazing that will benefit ***needy kids*** who likely won't get shit for Christmas and some of the responses are basically "Go fuck yourself mod that's money that could go to shares, DRS is the way!" + +***ARE YOU FUCKING KIDDING ME?*** + +First off, if your attitude about a toy drive for kids that benefits needy children is "the money would be better spent on more shares" then fuck you, you selfish POS. You don't deserve life-changing money. + +Second, the donation goal they set ($741,420.69) is less than $2 per member of this sub. I don't think I need to explain that one any further. + +Third, you seem to be ignoring or completely oblivious to the positive effect this will have on Q4 earnings which helps us all reach MOASS quicker. We can't just assume DRS or NFT or anything else will guarantee lift-off. Even if they announce it today, it could be months before MOASS starts. It could very well be a combination of factors creating another mass FOMO event like what happened in January. Like an amazing Q4 earning call... have you motherfuckers forgot what Cuban told us? + +&#x200B; + +[\\"BEST THING YOU CAN DO IS SHOP AT GAMESTOP\\"](https://preview.redd.it/8t8xvvhmtsx71.png?width=867&format=png&auto=webp&s=940480ca9c1c7b9a398167a245fd820f37f041ad) + +What do you think will happen if GameStop ***SMASHES*** Q4 earnings expectations? MASS FOMO + +Yes, continue to buy via IEX or Computershare and DRS will always be the way. But don't be a GD Grinch. It's time to back up all that talk about apes being better than the greedy 1% that we are up against. + +**GMERRY CHRISTMAS TO ALL** + +Edit: Congratulations, you stingy apes have apparently made this one of the most controversial posts on Reddit today and made me a member of r \ controversialclub. Cheers! 🍻 +8000+ equities, very low expense rate, hard to diversify further until the Martian stockmarket opens one day... + +I’d be grateful to hear folks’ views on pros and cons of VT? +I recently came in to a large sum of money, which has allowed me to pay off my debts and my parents debts. + +I have 3 close friends with kids which are struggling with the cost of living and with mortgages and debts, totalling around £600k, how do I go about gifting what they owe without paying tax? +I'm 17 with $30,000. After graduating high school I plan on joining the army as an IT Specialist for 20 years to retire and I'll continue to work as an IT Specialist when I get out. I want to finance a Camaro zl1 2021 with a $15,000 down payment after leaving basic training. It'll cost $857 a month. I don't really know how this works because they don't teach these things in school. +Not sure if I’m looking for advice or similar experiences or just to share my story in case it interests somebody else but this seemed like the right community to share this with. I’m using a baby account for this because anonymous isn’t quite anonymous enough as nobody outside my family knows, really. + +I’ve technically been FI for about 8 years. I didn’t have any plans to retire insanely early and was using my degrees and working in software (big surprise lol). I honestly didn’t learn of the whole FIRE movement until about the time I retired. + +I retired in 2nd quarter of 2018 at 36. It wasn’t intentional. A lot had gone on in my family and my company was going through another big change cycle (My team had turned over 3x and management 5x in the 5 years I was there), I was overwhelmed and burnt out. I had a month-long trip planned for Nov. of that year and thought the summer/fall would be a nice break. I put in my two weeks planning to just putter around and focus on my mental health until that trip. I had fully planned to start job searching upon my return. + +I did not start job searching upon my return. I figured I’d enjoy the holidays as hiring is slow then anyway and start job searching in January. Cue more family stuff happening so I decided to wait a bit longer and had another month-long trip planned in April so figured I’d just wait. I actually ended up purchasing a house and started renovations before I left for my trip. + +I returned from said trip and I did not start job searching. I think the reality was that I had no desire to go back to the 9-5 grind. I decided to focus on the house and moving. I finally moved and took time to enjoy my new house. + +Heading towards the latter part of last year, I started feeling like I was missing something. I didn’t want to start applying for career jobs in my field as I planned to continue longer travels a few times a year (hahahahaha) and the thought of going back to the everyday stress and drudgery was too much. I thought about signing up with a temp agency or finding somewhere to volunteer on a more regular basis but didn’t make much of my thoughts as it was holiday time once again and figured the new year might bring some inspiration. + +In Feb. I got in a quick trip and was supposed to be leaving shortly after for 6 weeks of travel but all hell broke loose. I know the state of the world the last 6 months is probably amplifying things (and I do want to state that I know I’m actually insanely lucky to be in the situation I am with everything), but the feelings of just sort of floating around predate all of that. + +Looking at the timeline described here, it seems like there was a fair amount happening, and there was, but without a job the time between big events just sort of is. I haven’t felt passionate enough to stick to any long term projects and filling the days with random activities becomes really unfulfilling after awhile. + +I guess after writing all of this, the advice of make sure you retire to something is very valid. I didn’t plan on retiring so I also didn’t plan what that would look like for the next several decades or even few years. That feels like a bit of a mistake. + +Editing to add - it’s a very weird place to feel incredibly free like you could do anything and still stagnant and unable to decide what that thing is. + +I’m happy to answer any questions and an open to any and all advice! + +I live with no other humans and one assholish but adorable doge if that matters. + +Edit: Wow, I did not expect this many responses. + +Adding as it’s come up in a few of the comments I’ve seen. I do see a psychiatrist/therapist for anxiety/OCD and insomnia (nothing physically wrong, had sleep issues since my early teens). I don’t really fit diagnostic criteria for depression, though covid is causing something in a lot of people. + +Also, it’s not a lack of happiness, it’s a lack of direction and, to me, there’s a huge difference between the two. I’m not unhappy. Just aimless. + +Edit 2 - wow this blew up overnight. I never expected so much response. I’m trying to read through and respond to questions + +A couple of points +- am female (not surprising as I didn’t mention in the OP and this sub skews very male) +- The thing I’m missing is not a baby, I promise 😂 I’m really surprised that So many people suggested this since this sub tends to be very anti-marriage/child free! Maybe it’s the people who guessed I’m a woman? 🤔 +- I very much need to google and read up on Disc Golf, it seems to be the unofficial sport(?) of FI + +Thanks for all the feedback! +Edit - Deleted background information because I'm getting lots of messages for handouts. + +Question: I want to raise my children to be driven, hard working, and financially successful. We have a very loving household and I'm sure they will be happy regardless. I agree with most of Robert Kiyosaki's approach to success from "Rich dad, poor dad." I want to make sure I raise my kids to be hard workers as I was. As I see it, there's really 3 approaches to parenting when wealthy: +1) Tell the kids they will get nothing. They have to go it alone and make what they want to out of life. Essentially this seeks to scare them into working hard. +2) Tell the kids that we expect them to work hard, but we will be there for them when they fail. Essentially this gives provides the kids with the full backing and support of our wealth and every advantage to succeed - they don't have to worry about working their way though college, so they can study harder. +3) Some middle ground between the two extremes. Honestly I don't know what this would look like. + +So how did you older parents approach parenting? Any advice on things that worked well? Any hard lessons you learned that didn't work well? + +Edit 2: I'm specifically looking for resources that others may have found helpful in the past. Books, websites, discussion forums, etc. +I am thinking to get the daily price history of 10,000+ symbols from some api and store them in mysql database and later use for data analysis + +It looks like the database is going to grow in size after 4-5 years and touches 5 -10 million + records + +Storing is not much load on the server. 10,000 sql takes 3 hrs , if each stock takes 0.5 sec + +But retrieving such big data whenever i want and also very qucikly will become a bottle neck. + +Like if i want 10,000 symbols last 100 days price history from mysql, it will hang. i.e retrieving 1,000,000 rows + +Will mysql database be a suitable thing to use. + +or store data in files (month or year wise) + +End of the day we get stuck up at data crunching. +Cost of everything up, mortgage payments up, everything still going up. Can someone explain in a basic way how the rba raising interest rates helps me? Someone must be winning and it doesn't feel like it's me. And how does this help those looking to buy a home? Isn't the drop in house prices cancelled out by the interest rates rising? + +Edit: Thanks everyone. I really appreciate the replies and knowledge share. I have to be thankful for what I have though never feels good to pay more for the same. One thing I am really thankful for (and amateur tip)is getting a mortgage/home based on what I would be comfortable paying monthly at 7-8% not what the bank would give me which was a lot more. +The Wealth of Nations has helped me a lot to become a better investor. It gives me a frame through which I can think about the economy and commerce as a whole and it even introduces the concepts of the time-value of money and competitive advantages (although Adam Smith doesn't use these terms exactly). Which non-investing books have helped you become a better investor? +The conventional wisdom in the investment world is that volatility in stocks means that the underlying security is risky. I'm going to break down this post in 3 sections (1: What is Volatility? 2: Why Investors view volatility as risk and 3: Why it isn't risk) + +**1: What is Volatility?** + +Volatility simply means changes in stock price. So a stock price that fluctuates in value a lot is a volatile stock. If you go to Yahoo Finance and look at the 52-week difference between the highest and lowest price of the company it's usually very wide. And most of the time (Not always) it has nothing to do with the real value of the business. I mean, could you imagine that in the real estate market, each year the price of a house fluctuates by more than 50% in a given year. For example, you buy a house for $1,000,000 and next month it's worth $500,000 and the month after that it's $1.5 million. It doesn't happen because there is some bipolar (no pun intended) realtor knocking on your door every 5 minutes offering you a new price. But because it's so simple to invest in stocks and there is Mr. market coming at you with different prices 7 hours a day, 5 days a week, people will naturally be drawn to speculation. + +**Why Investors view Volatility as Risk:** + +There are plenty of articles and education sources that explain that the higher the volatility, the riskier the stock. They advice to invest in dividend stocks for the sake of it, or defensive stocks since it's 'safer'. Also, a lot of investors see constant price fluctuations as a risky investment because if they buy the stock and it fluctuates downward in the near term, the investor has an 'unrealised loss in paper value' and if they were to sell it, they would lose money. A lot of investor compare a stocks volatility with the overall market by checking their BETA score. + +**Why Volatility Isn't Risk:** + +It isn't risk because changes in stock prices is simply the changes of opinions of investors in the marketplace and if a stock goes up say 5% in value on Monday and goes down 6% by Friday, then it has nothing to do with the intrinsic value of a business. If you learn the economics of the business and you find it's a good investment, and it's offered at a good price then chances are its a good investment. And as long as the underlying business characteristics are solid, you can take advantage of volatility when the market offers you more buying opportunities when the stock price goes lower. And if the stock price is lower and the business fundamentals are good, you have a margin of safety (reduced risk) and more growth (once market is more optimistic). + +This video describes it well for those who want to listen: [https://youtu.be/NROGvgwnMh4](https://youtu.be/NROGvgwnMh4) +I have recently began a job (government contracted) that pays roughly between 50-60K a year (Late, I know). I wasn’t taught or talked about investing ever in my life. It is now at my current job that some of my coworkers that I have became friends with have introduced me to investing. I’ve been doing some research and budgeting my income and came to the conclusion that I can invest 300 dollars a week. My current job offers insurance but if you already have insurance (which I do through another provider) that money will go into a 401K account, so I’m looking at roughly 600-700 dollars a month that’s going into my 401K that I’m not missing. The 401K account is a VTSAX fund. My question is how should I invest the 300 dollars a week? Here’s some of the stocks that I’ve been reading up on and watching YouTube videos on: VOO, VTI, SPHD, SCHD, MTUM, VYM. Your help and advice is greatly appreciated. Looking to just set and forget, long term, and hopefully be in a better spot financially in 10 years. +What makes econometrics a distinct topic or field from statistics? If a statistician applied his methods to the study of the economy, would his results be different from an economist using econometrics? +As the title states I'm looking to put 20% of my portfolio into one or more higher potential ETFs than just VTI (Though I love VTI don't get me wrong). + +My brother who doesn't know much about investing says I should buy BUZZ (lol) but I'm curious to hear ya'lls recommendations. + +Thank! +Listen up. The following is the brainchild of an individual called NK, we met in a Level 2 Data Youtube stream. I am posting on their behalf. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Hi r/Superstonk, + +Today I am bringing a theory I would like all of you to pick apart and give your thoughts on. I have read some fantastic DD over the past year and after u/yelyah2’s [post](https://www.reddit.com/r/Superstonk/comments/rd0fcl/large_gme_delta_sensitivity_spike_ever_happening/) today it just… clicked. I am not bringing data, this is an explanation for the events we are seeing. + +Before I present the theory, I just want to state some assumptions I am making based on available information. + +1. In the years before 2020 GameStop was not doing well and COVID19 did not help. A lot of shorters saw an opportunity and went all-in. +2. I believe there is a separation between ‘shorters’ (hedge funds, family offices, banks… ) and market makers. They may be colluding, but there does not seem to be enough evidence for it. +3. However many times the float might be owned by retail, it does not matter, the events playing out signify the amount is enough. +4. There are a lot of tinfoil theories. I am ignoring them to base this theory on known, simple facts. +5. I cannot provide a timeline. +6. Although I have an economic background, this is not financial advice. + +Buckle up. + +Over the last weeks we have seen a lot of activities play out, including the dramatic price rise and drop over the last weeks. In my opinion, these activities are and may always have been market makers preparing to bring the necessary liquidity to the market, not necessarily to shake out retail. + +Between April and August of 2020, Ryan Cohen bought a 9% (5.8 million shares) in GameStop. He upped this number to 13.9% into November 2020. I believe Mr. Cohens purchase of shares combined with the retail investors following him by buying shares and options, was enough to bring the market – the supply of GME stock - to the point of illiquidity. At the start of December, a huge delta spike was triggered during a similar price decrease as this year. As you could read in u/yelyah2’s [post](https://www.reddit.com/r/Superstonk/comments/rd0fcl/large_gme_delta_sensitivity_spike_ever_happening/), it means the option market thinks the underlying (stock) is valued at a different price. I believe these actions were taken by market makers to push the price as low as possible. This had the following consequences: + +* Put providers follow delta by selling shares, as they might have to buy more shares as the put comes closer to being in the money; +* Call providers see the required delta drop, and they can sell shares. + +This is a fast way to push shares in the market through these option providers, and provides liquidity for short hedge funds renew their contracts or fulfil some of the exposure they have. In this timeframe the price decreases to a low on Friday, releasing another group of shares on T+2, further dropping the price to a new low following Friday. Market makers + +What I bet they didn’t account for, was that this was enough for retail to FOMO in through buying shares and options, causing the January sneeze. I think they still had to roll their January contracts, for which there was no liquidity due to the retail purchases. Due to the lack of solutions, they had to take away the buy button and shorted all the way down to provide breathing room to roll contracts. Some shorters did not make it (Melvin, Archegos, RobinHood almost), pushing the bigger funds to the brink of failure. + +Following every roll period for short hedgefund contract renewal, these events transpired. The difference seems to be the June share offering, where GameStop released 5.000.000 shares into the market, thus providing the required liquidity. + +They are not shorting to shake retail or price them out of options. Market Makers are shorting to provide liquidity for short hedge funds to roll. Market makers keep doing this in the hope that at some point the liquidity will return to normal. + +The actions taken by retail previously – holding – and as of lately - Direct Share Registering - seem to have a similar effect as Mr. Cohens purchase a year ago and seems to be leading to an increased effort of market makers to provide liquidity to the market, as short hedge funds will need this liquidity to roll their contracts in December and January. This is the reason delta is spiking: option providers know the spike is coming and value the contracts at a different price, as they know market makers at that moment are just trying to provide liquidity. The question is: will it be sufficient? + +I think this will keep playing out as long as illiquidity remains in the market. Short entity after short entity will topple over, bringing the price to a new high. The remaining short entities cannot keep gobbling up the potential losses and MOASS will ensue. + +**This theory could also explain some side effects we are seeing.** + +* GameStop is bringing news mostly on their current operations and barely on investments they are making even though these are very exciting. They can not rile/hype the market; +* They are keeping communication with shareholders to the bare minimum. Shareholder meetings are … boring. This case is any marketeers dream, however they are not taking advantage of it. See above; +* Elaborate hints to DRS; +* SEC meetings earlier this year; +* Short Interest turned into swaps – this is used to limit information for the market, which might speculate on a short squeeze and be cause for further illiquidity; + +Although I think the board of GameStop wants this to play out, they really do not want to be implicated. I wonder if Mr. Cohen was aware of all of this when he invested. How simple the explanation may seem, it ties together all events over the past year. + +What do you think? + +**TL,DR: The events we are currently seeing tell us market makers are trying to provide liquidity to the market for upcoming events through options, not to shake out retail. It is the fastest and perhaps the only way they can make this happen. Game Over, Shorts.** +Ethereum and Bitcoin are mined by thousands upon thousands of miners all around the world. Anyone can mine Bitcoin or ethereum. + +*BNB is “mined” by just 17 validators that binance controls*. That’s less servers than a medium sized sized startup would have just for reference. Nobody is allowed to mine BNB. + +So instead of binance investing engineering resources and money into supporting the community and building layer2 solutions on ethereum, they copy pasted ethereum’s code, stuck it on 17 of their servers, called it cryptocurrency and then tricked users into using it by making their withdraw page confusing. **They chose to compete with ethereum instead of support it, even though we who love ethereum supported binance and made it into what it is today.** + +You should just know that if you use BNB that you are not supporting the community, and you are probably actually working against it. Because binance winning here is just the same as a centralized company coming in and cannibalizing the technology for profit. Exactly the same. +Motley fool is the worst lol they'll have one article bashing a stock then an hour later tney're praising the stock. Now they're constantly attacking stocks that are highly discussed on Reddit lol who are they trying to help? Hedge funds or every day investors/traders? +Please seek other investment advice although it is getting continuously harder to find reliable information. +A big part of our lifestyle is global travel, and the technology improvements over the past decades have been astounding. + +From the first global GSM phones (right out of Star Trek!), to the I-phone "internet in your hand wherever you are on the planet", to "free" global calls on facetime and internet access on the planes over the oceans. + +Then the business class seats have evolved from big seat (with a leg rest!) to slopey, to lie flats, and now to mini-cabins. + +For private aviation the business model innovation of "Net Jets" allows for easier access to private jets without arranging charters. + +As much as we talk about what can go wrong in the world, at least for the fat global traveler, things just keep getting better (assuming post-covid globalization returns). + +What do you think are the next innovations coming that will improve the "fat" lifestyle? +I'd like to hear if anyone else blatantly despised the process of buying their first home. My wife and I are in the process now, having just made an offer, and we are both hating every aspect of it so far. + +From inspecting places with seagulls for real estate agents, and brokers and conveyancers never giving clear answers on basic questions about how to buy a house, I am on the verge of a breakdown, as I make little mistakes that I didn't know about regardless of how much I read or studied. Maybe we're just young and really dumb lol. +**EDIT: While what I have written below is true for a stock dividend, it would appear that the nature of GameStop's "stock split via stock dividend" may be handled differently. The impact it is having on** ***covered*** **short positions is more akin to a stock split, in that shorts will be required to return 4x as many shares to the lender upon closing their position.** [**You can read about it here.**](https://www.reddit.com/r/Superstonk/comments/vuj4rn/in_context_dlauers_tweets_confirm_to_our_chagrin/) **I am yet to see any credible source explain away the impact the splividend will have on** ***naked*** **short positions, who do not have a lender to return shares to but have nonetheless created a long who is entitled to the dividend.** + +&#x200B; + +Every year, the IRS releases updated publications that offer people guidance on how to prepare their tax returns. Included in the IRS's guidelines for reporting investment income and expenses are instructions on how to report costs incurred when making **payments in lieu of dividends**, including STOCK DIVIDENDS. The publication I am citing in this post is [Publication 550, Investment Income and Expenses (Including Capital Gains and Losses)](https://www.irs.gov/pub/irs-pdf/p550.pdf). + +&#x200B; + +[Highlighted for smoothness. Found on page 56.](https://preview.redd.it/kwc1yypec1a91.png?width=382&format=png&auto=webp&s=1304cd9303f3a923847f8eed0629d1816c7c4ec0) + +# IF YOU BORROW STOCK TO MAKE A SHORT SALE, YOU MAY HAVE TO REMIT TO THE LENDER PAYMENTS IN LIEU OF THE DIVIDENDS DISTRIBUTED WHILE YOU MAINTAIN YOUR SHORT POSITION... IF YOUR PAYMENT IS MADE FOR A... NONTAXABLE STOCK DISTRIBUTION, OR IF YOU BUY MORE SHARES EQUAL TO A STOCK DISTRIBUTION ISSUED ON THE BORROWED STOCK DURING YOUR SHORT POSITION, YOU HAVE A CAPITAL EXPENSE. YOU MUST ADD THE PAYMENT TO THE COST OF THE STOCK SOLD SHORT. + +That's it. That's all the DD you need to understand why heavily shorted companies can use a stock dividend to spank shorts. The Treasury Department/Internal Revenue Service can confirm that short-sellers are going to have money yoinked out of their accounts, and that money is going to be used to provide the stock dividend to the longs holding the shares that the short-sellers sold short. And yes, GameStop's recently announced stock dividend is a nontaxable stock distribution. You are going to receive the stock dividend and it will not be a taxable event, ergo nontaxable stock distribution. + +So if you encounter anyone saying otherwise, copypaste the source I provided and tell them to lick your nuts. If you do not have nuts, you are welcome to substitute "nuts" with any appendage/organ you deem appropriate under the circumstances. + +Congratulations, you fuckers. Shorts are going to foot the bill to give you more stock in the company you like, and you've damn well earned it. + +Power to the fucking players. +There's been a lot of misinfo going around that RC's gag order lifts in March 2022, but it's not the case. According to the Standstill agreement: + +"RC Ventures agrees that, from the date of this Agreement until the earlier of (x) the date that is thirty (30) calendar days prior to the deadline for the submission of director nominations by stockholders for the Company’s 2022 annual meeting of stockholders pursuant to the By-Laws or (y) the date that is one hundred twenty (120) calendar days prior to the first anniversary of the 2021 Annual Meeting (the “Standstill Period��)..." + +The date that is 30 calendar days prior to the deadline for the submission of director nominations by stockholders for the Company’s 2022 annual meeting is 11/23/2021. + +The date that is 120 calendar days prior to the first anniversary of the 2021 Annual Meeting is 02/09/2022. + +The earlier of the two days is 11/23/2021. So as you can see, according to the agreement, this is when he'll be allowed to speak. Tons of misinfo on it here and I think it's good to spread the word. + +And if you're wondering on my source for 11/23 being 30 days prior, it's from page 55 of their 2021 Proxy Statement. + +[https://news.gamestop.com/node/18846/html](https://news.gamestop.com/node/18846/html) +A few weeks ago, Zillow offered me $30,000 above market value (in writing) for my house. My house was listed on the MLS and they could’ve offered the sales price if they wanted, but they offered $30,000 over that. A neighbor without a realtor was offered and accepted $75,000 (20%) over market value. I don’t know if the purpose is to put some money into assets to avoid paying taxes, to meet a quota, or simply to manipulate the real estate market. Just thought I’d post this. I used to own Zillow stock but sold it in May. + +Edit: For clarification, based on recent comparable sales, I listed my house for sale at $350k, another neighbor behind us with similar square footage for $345k. Then the neighbor across the street with similar square footage (but a lot that’s a little bigger) said she had sold to Zillow for $430k. I contacted Z and they offered me $380k. It’s true that housing market is crazy here and houses are selling above list price in many instances. I just don’t understand why Z offered so much more than market value based on recent sales when the public isn’t offering that much. +This broker has really serious issues and may lose you big money: + +1. Their services regularly go down during live market. You'll be unable to adjust your trades even if you can make orders because you have no clue of your positions. +2. Related to above you balance will be showing different then what it actually is so you'll be unable to make an order due to wrong margin availability. +3. Service outage is not rare or even occasional thing but it happens pretty regularly. In fact today I have large quantity short positions and their services are down. +4. Their platforms are hellish slow and useless. First they have so many different platforms. One platform you can't see margin requirements another you can't make basket orders. All their platforms are so lacking both feature and performance wise. They are bad to the extent of being almost useless. You are just able to make a trade somehow without efficiency and clarity. +5. Due to above issue in emergency/volatile situations yo will be unable to make orders quickly which again can cause you loose money even if their services are working. I know every broker has this issue in volatile market to some extent but I'm talking about actual website being very slow even normally. +6. Their websites don't work. You execute and order and it will redirect to a blank screen. You refresh the window it will log you out. Again it can put you in a troubling situation in case you want to make multiple adjusting orders. This issue is very very frequent. Almost every other order you'll have this problem. + + +One recent incident in news: [https://www.livemint.com/market/stock-market-news/glitch-in-kotak-securities-trading-platform-leaves-lic-ipo-investors-jittery-11651641589273.html](https://www.livemint.com/market/stock-market-news/glitch-in-kotak-securities-trading-platform-leaves-lic-ipo-investors-jittery-11651641589273.html) + +Edit: Check my comment for screenshots of my locked live trades and many issues highlighted there. +I've been lurking this sub for a few months and been sniping off premium here and there with CSPs. I had mostly been a call/put buyer since August 2020 to slowly grow my capital. Now after GME (got a bit too greedy but still made a crazy windfall), I found myself with a nice stack of cash where now I can focus more on thetagang. I used to be a WSBer until 2 days ago when it was apparent that GME is in full dump phase and the remainder of that sub are now cultists. + +I'm currently playing CRSR for their ER. Always have been a PLTR bull (in since $17) and playing CSPs on that. + +What other tickers do you guys recommend? What's your method of stock discovery? +I'm still relatively new to algotrading, but I've noticed people saying that crypto is easier than stocks, which are easier than forex. Is this true? Why is crypto the easiest of the three? Why is forex the hardest of the three? Is this correct? +Hi, I'm 25 from a modest family. I'll get $Xm next year (I prefer not to disclose the reason), and then move to France as I have a dual citizenship. + +I'm a little bit worried about having so much money, and at the same time if I stop working the money can go away really fast as for example a flat in Paris will most likely cost around 1m€. (I make around $100k/yr under normal circumstances). + +I have 2 questions: +- do you have some interesting resources to read about personal finance? +- do you have some interesting resources about errors to avoid when you become rich really fast while you are still young. +- any advice? +Mr Buffet as well other value investors recommend to buy and hold good stocks and not to try to Time the market, yet we see good value investors in and out of stocks all the time. + +but we also know the gigantic size #BKR needs to handle so how hard it is to get in and out of stocks. while we individuals with small sums of money we can easily do so. + +so which approach is theoretically superior; to hold the good stocks as long as the companies still got the good management and good hypothesis or to sell the stock the appears to be over ripe ? + +\#AAPL reaching this very high price by Friday's closure intrigued me to think if I better to keep holding my stocks or sell them and find other investment that might still have the potential to go up. + +yes AAPL is a good company and a stock everyone likes but what is the best approach to harvest ripe stocks and find other immature ones or to stick to good winners all the way ? + +please let me know your hypothesis and advise. +It is very evident that water is going to be one of the most valuable resources in the coming years. There is already a shortage of freshwater in several developing countries and the water infrastructure in the US is pretty bad too. I feel like this will be an excellent investment in the long term. What do you guys think about this? + +I haven’t been able to figure out how to invest in water though. The water related stocks that I found are mostly water treatment plants and I am not sure if they will benefit from a scarcity of water. + +Any ideas on how to invest in water internationally as well as within the US? +The DTCC used newly issued shares to (probably) give to HF’s and MM’s to clean up debts. Synthetics we’re (probably) given the holders outside of ComputerShare, while CS holders have the real shares. + +I am shocked the community has not made more noise about this. This is an extremely huge catalyst with massive amounts of verifiable data/facts showing DTCC internationally/domestically committed isecurity fraud. + +Community needs to regroup. Needs to get more serious about holding HF’s and MM’s accountable. As individual traders, we all possess our Computershare statements showing stock was distributed via split, NOT a dividend split. This is walk-in-the-park evidence of clear wrongdoing from GameStops filing statement and the outcome from the DTCC. +Sigh, the good ole days. + +The sub has changed. The majority of us our zen. Up a little, down a little. Nothing. The shorts have lost their bet and the losses are infinite. Writhe as they may to avoid impending doom, the game is done and coming to an end. + +Enjoy this moment now because, as frustrating as it may be, you will never be here again. Life is about to change. So invite it in, but don’t forget what brought you here. Sure you might have a “better” tomorrow, but it’s all relative and today, this moment right in front of you is yours to enjoy. Here. Now. +Looks like an interesting episode. + +“On Monday Four Corners investigates the new critical minerals mining boom and finds Australia is in the box seat to exploit a surge in worldwide demand.” + +Digging In, reported by Angus Grigg, goes to air on Monday 9th May at 8.30pm. It is replayed on Tuesday 10th May at 11.00pm and Wednesday 11th at 10am. It can also be seen on ABC NEWS channel on Saturday at 8.10pm AEST, ABC iview and at abc.net.au/4corners. +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! + +Hey everyone. I just wanted to give everyone a reminder that the price of GME is very capable of going higher then the gmefloor.com. the true squeeze starts when all the hedgies default and buying goes over to the DTCC. When that happens a computer will buy EVERY SHARE that is available at whatever price. It's only function is to balance the books. There is no emotion involved. What happens when the DTCC runs out of its 63 trillion insurance funds? +Well the FED better turn up that money printer and make it go brrrr. Thank God JPOW has been making the printer go brr since covid, so it should be nice an warmed up by now. + +We only get one shot, this will NEVER happen again. Apes own the float several time over. Half of the shares are locked up in computer share. The price is whatever you want it to be. + +In my personal opinion anyone that sells below the gmefloor.com is a paperhand. + +My personal strategy is to sell one for 69,696,969 and I'm holding the rest for infinity. Then I'm buying the mother fucking dip when the squeeze is over. + +I think the squeeze started yesterday and gme will be going up from here + +Remember what they did in 2008, turning off the buy button, and all the criminal activity they have done. This is our ONE CHANCE. Hold for your brother and sister apes. Hold for the x and .x holders. We got this! Apes strong together. 🚀 + +TLDR: this is an infinity squeeze. Price is whatever you want it to be. +https://www.bloomberg.com/news/articles/2019-02-16/u-s-student-debt-in-serious-delinquency-tops-166-billion?srnd=premium + +> Student-loan delinquencies surged last year, hitting consecutive records of $166.3 billion in the third quarter and $166.4 billion in the fourth. + +> The total in arrears is about twice the amount the U.S. Treasury provided to bail out the auto industry during the last recession. + +> Loans at least 90 days past due are considered to be in “serious delinquency.’’ The age group transitioning into this category at the fastest pace is 40-to-49 year olds; **that’s partly because of parents borrowing to pay their children’s expenses.** + +My personal opinion: Student debt will drag down the economy over the long term, as apparently both students and their parents are piling on debts. +I have been chasing fatfire since I started working. I started working 29 years back as a scientist in a govt agency. Now that I have reached my goal I felt great for 1 week. I fell into mild depression very soon after that 1 week of elation.I now feel that the goal of fatfire was just a distraction for my mind that kept me engaged with life and work. I guess it was a helpful distraction in my case. I now wonder what life is all about since I no longer have any goals. Has anybody else gotten into this situation. Fat fire has given me now too much time to think about the absurdity of life itself which is not a good sign. We humans have evolved to not be able to look at life with absolute clarity at a very high level because that’s actually depressing. We have been evolved to be distracted by life details, emotions,society and lack of time. The singularity of mind is not meant to be achieved but only persued while we live. +[The article. ](https://www.moneycontrol.com/news/business/markets/long-term-investing-over-300-bse-stocks-would-have-made-you-a-crorepati-in-20-years-5899411.html) + +I checked a few of these companies, it doesn't look right to me. Like Kirloskar is currently at 620. Assuming if it was at Rs1 in 2000 that still wouldn't have made 1crore. 10,000*620 = 62lakh. + +That is nowhere near the 18 crore mark the article is talking about. Similarly for others also it doesn't add up. Can anyone confirm. +Howdy all, + +I’ve popped in on a throwaway account because I’m interested in your thoughts on this situation but don’t want to dox myself. My husband and I (both early 30s) are well on our way to fatFIRE, almost entirely due to his efforts. We met in college and soon thereafter he started a successful start up. A few years into that he learned about leveraged real estate investing. We are essentially living in coast mode now with NW approximately 5M. + +While he’s been incredibly successful financially, I have not. After college I started a PhD in a STEM field. I’d applied for the program before we started dating and it meant being long distance. 2 years into that I ended the program with a terminal master’s and started a *different* PhD program in a different but related field, in the same city as my husband. These were funded programs but I was making ~30k for most of my 20s. Finally in 2019 I graduated, and started a postdoc, for a whopping 60k. And now I’m applying to faculty jobs but confining myself to a small geographic radius around the place we actually want to live (family reasons). Anyone familiar with the academic job market will understand that the odds of landing an academic job with these constraints aren’t great. + +And…now I’m kind of at loose ends. My husband has a new project that’s poised to make us a couple more millions. I could get into data science or something like that and maybe double my income, but does it even matter? Right now my job pays for both of our benefits so that’s great. My postdoc is rapidly burning me out and I can’t see this lifestyle being sustainable as a full-time job, but I can imagine doing it part-time pretty happily. We want kids and are hoping to have them in the next year. But I don’t know that I’d be happy as a SAHM. + +Mostly I just feel like a massive mooch. I’m overworked, anxious, and depressed so it’s not like I’m doing a lot around the house. When things were going well for me academically it felt like I was at least contributing something to our relationship—my husband’s into science and my work is potentially of some societal benefit, so we’d joke that he was taking care of us being rich and I was taking care of us being good people. But now I have a bad feeling I’ll just be another failed academic. There’s lots of literature on alt-ac careers, but I’m not sure that’s even what I’m looking for. + +Most of the posts I see here from couples are from the higher earning half, but I’m hoping you have some insight into how to make something like this work. Is it possible to enjoy an early “retirement” when it’s not a reward for your hard work and discipline but just your luck in picking a partner? Or conversely, how do you stay motivated at a job when the money you’re bringing in means so little to your family? If you take time off is it possible to get started again, or is it a problem to have a massive gap in your resume? How does one make an early retirement feel meaningful rather than just a bunch of dilettantism? + +I really appreciate any thoughts you have on how to approach this. Thanks. + +Update: I am so so grateful for the outpouring of support and advice from this community. I read every one of your comments and this collection of stories about how you balance these things in your life are so beautiful. + +A few summary points I’ve taken away: + +* Mental health comes first! I should have mentioned I’m already seeing a therapist and working on this. We had a talk today about setting better boundaries at work. + +* Academia is generally rough. I’m still not sure whether it’s better to keep pushing a bit longer to see if I can make it work or get out sooner rather than later, but either way there are many people who can relate to this problem and pursuing an alternate career or becoming a SAHP isn’t failure. There’s lots to do out in the real world too. + +* There are many ways to contribute to a family and many ways to define success. I wrote this feeling bad about how little $ I was bringing in but obviously this has never actually been a high priority for me or I’d already be doing something more lucrative. I’m seeing now there are ways having an academic career would contribute (especially if I can set better work boundaries and have more time to take care of stuff at home) as well as ways I could contribute outside of paid work. + +* Communication is key. I do talk with my husband about this all the time. He doesn’t especially care one way or another but would like me to figure out a way to be less stressed. + +* Kids are going to change everything, whenever they come. But there’s no reason to scale back on career stuff until they’re here. + +* Maybe my identity/self-worth doesn’t have to be so strongly tied to my career. But I’m still thinking on this one, because I do want to have an impact on the world and it might be important to me to have something I *do* in the outside world. Maybe it’s okay for it to take some time to figure out what that thing will be though. + +And yes, I know I’m astronomically lucky to have these problems. And yes, I’d be with my husband even if he hadn’t made all this money. We’ve been together more than 10 years and it definitely wasn’t clear from the start that’d happen. The money opens up pathways that otherwise wouldn’t exist though, and I don’t take that for granted. +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://preview.redd.it/i2rl2k382cc71.png?width=1600&format=png&auto=webp&s=55597ced2570dbcad0f6dc1e52fbbfc02220bac4 + +Good Morning Apes, + +After the positive response to yesterdays Daily Stonk, I have decided to continue making them, at least for now as I am and will be on vacation (at home) for 2 weeks but after that, we will see how long I will keep it up as I do work long hours (4 10 hour days per week) and that's only if I feel like continuing it for that long, which who knows, with that being said let's get into it. + +Does anyone smell that? + +\*insert flashy intro card\* + +https://preview.redd.it/9m8jzpa92cc71.png?width=680&format=png&auto=webp&s=4be424be21a1919d916533a89f8ac78219a60522 + +&#x200B; + +# [🔴Daily Reverse Repo Updat](https://www.reddit.com/r/Superstonk/comments/onik91/daily_reverse_repo_update_0719_860468b/)[e 07/19: $860.468B🔴](https://www.reddit.com/r/Superstonk/comments/onik91/daily_reverse_repo_update_0719_860468b/) - [u/pctracer](https://www.reddit.com/user/pctracer/) + +[credit to u\/pctracer](https://preview.redd.it/j4fhgudc2cc71.png?width=700&format=png&auto=webp&s=23b16f4de899e90aaa959372a8a2b6d0f8abb410) + +We are inching closer, at this rate we are going to reach 1T by the end of the week or the start of next week. + +&#x200B; + +https://preview.redd.it/au8x4uih2cc71.png?width=2560&format=png&auto=webp&s=533823b185f4620c6887a2546a55adb19a3785e5 + +Astro Gaming MoonJam + +(let's try this one again) Today! Astro and GameStop's MoonJam festival starts. + +You can find more info on the festival/event here: + +[https://go.minehut.com/moonjam](https://go.minehut.com/moonjam) and here + +[https://www.gamestop.com/collection/astro-gaming-moonjam](https://www.gamestop.com/collection/astro-gaming-moonjam) + +&#x200B; + +[Just a reminder no poo throwing in Minecraft tomorrow!](https://www.reddit.com/r/Superstonk/comments/ontnse/just_a_reminder_no_poo_throwing_in_minecraft/) \- [u/HappyRamenM](https://www.reddit.com/user/HappyRamenMan/)[an](https://www.reddit.com/user/HappyRamenMan/) + +[credit to u\/HappyRamenMan ](https://preview.redd.it/plt2qnna3cc71.png?width=500&format=png&auto=webp&s=8cfd674c6857cd4fd9bce2705a5a0a2041c6a670) + +# Cryptic messages on MoonJam, might be ["placeholder messages"](https://www.reddit.com/r/Superstonk/comments/onqkl1/moonjam_ocean_explorer_update_i_started_getting/h5tv90x?utm_source=share&utm_medium=web2x&context=3) + +[MoonJam Ocean Explorer UPDATE: I started getting deeper, and somewhere roughly around 1500-1600 on the position tracker, that transmission showed up. Roughly another 1600 clicks out, the second one showed up. I haven't found anyone else posting or talking about these messages yet.](https://www.reddit.com/r/Superstonk/comments/onqkl1/moonjam_ocean_explorer_update_i_started_getting/) \- [u/khaixur](https://www.reddit.com/user/khaixur/) + +[credit to u\/khaixur](https://preview.redd.it/z0pbcqw3acc71.png?width=1850&format=png&auto=webp&s=0c3f14978981e6e333b454879d35bdeadd7afc31) + +&#x200B; + +# Summary of criand's latest DD + +[This is the step by step transaction, thank you u/criand in his latest DD, that shows how HF fill FTDs with option buy-writes.](https://www.reddit.com/r/Superstonk/comments/on9ljo/this_is_the_step_by_step_transaction_thank_you/) \- [u/Jabarumba](https://www.reddit.com/user/Jabarumba/) + +&#x200B; + +Jabarumba has written up a kind of summary of criand's latest DD I'd recommend reading it because if I try to summarise his summary I don't think it wouldn't make sense anymore but it's not that long. + +&#x200B; + +# Recap of the last half-year + +[How I explained the Gamestop saga to family and friends by summarizing all the DD about GME since 1/2021 in an easy-to-understand way: in the epic battle between reports by mainstream media VS online crowdsourced research regarding naked short selling of Gamestop, there can only be one liar.](https://www.reddit.com/r/Superstonk/comments/onepel/how_i_explained_the_gamestop_saga_to_family_and/) \- [u/twincompassesaretwo](https://www.reddit.com/user/twincompassesaretwo/) + +twincompassesaretwo made a simplified explanation and recap of the evens and DD's of the past half-year, if you're new to GameStop Stock then I'd recommend reading through it. + +&#x200B; + +# [Morgan Stanley reporting an upcoming market correction](https://www.reddit.com/r/Superstonk/comments/onecy6/morgan_stanley_reporting_an_upcoming_market/) - [u/GMEstockboy](https://www.reddit.com/user/GMEstockboy/) + +"Morgan Stanley Says A 10% to 20% correction is ahead, get defensive and buy staples" (removed image as it was too big) + +&#x200B; + +# Possibly more Inflation due to extreme weather + +[Inflation Alert! Extreme and deadly floods close rail lines in Europe for months or longer and Union Pacific suspends inbound international container shipments to Chicago for a week.](https://www.reddit.com/r/Superstonk/comments/onftvx/inflation_alert_extreme_and_deadly_floods_close/) \- [u/Dismal-Jellyfish](https://www.reddit.com/user/Dismal-Jellyfish/) + +&#x200B; + +Due to extreme weather transportation systems keeps getting tested causing shortages and increasing inflation. + +&#x200B; + +# Explaining 10-Year Treasury Yields + +[10-Year Treasury Yields, and why it matters: Smooth Brain Edition](https://www.reddit.com/r/Superstonk/comments/oni2nn/10year_treasury_yields_and_why_it_matters_smooth/) \- [u/thePathUnknown](https://www.reddit.com/user/thePathUnknown/) + +[thePathUnknown](https://www.reddit.com/user/thePathUnknown/) made a post explaining 10-Year Treasury Yields. + +&#x200B; + +# Finding Puts Options FAR OTM numbers + +[Puts Options FAR OTM From a Small Selection Represent a Bare Minimum Of 868,902,550 Shares](https://www.reddit.com/r/Superstonk/comments/onuy7c/puts_options_far_otm_from_a_small_selection/) \- [u/bloodhound1144](https://www.reddit.com/user/bloodhound1144/) + +bloodhound1144 has dived into Puts Options FAR OTM in order to try and find out how many shares are FAR OTM if I understand it correctly. + +&#x200B; + +# [NEW RC TWEET: Not PG-13🎬…..PG. 13📖 As in Page 13 of the GME Prospectus. The page that talks about “Units”. And oh yea those chopsticks….usually you split those apart when you open the package=GME STOCK SPLIT???🤔](https://www.reddit.com/r/Superstonk/comments/onthry/new_rc_tweet_not_pg13pg_13_as_in_page_13_of_the/) - [u/Routine\_Huckleberry5](https://www.reddit.com/user/Routine_Huckleberry5/) + +[ u\/Routine\_Huckleberry5 ](https://preview.redd.it/a0374j617cc71.png?width=640&format=png&auto=webp&s=ca032e4860de2fc6a6c9af92ec1e55b68af85adc) + +# Elliott Waves analysis + +[Elliott Waves, GME, The S&P 500, The Beginning Of The End 🚀](https://www.reddit.com/r/Superstonk/comments/onr1bz/elliott_waves_gme_the_sp_500_the_beginning_of_the/) \- [u/possibly6](https://www.reddit.com/user/possibly6/) + +&#x200B; + +possibly6 coming out with another Elliott Waves analysis, now I'm too stupid to explain this but from the sound of it bullish, [Although it seems like he might have forgotten something in his analysis?](https://www.reddit.com/r/Superstonk/comments/onr1bz/elliott_waves_gme_the_sp_500_the_beginning_of_the/h5tqjal?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +# Lousy day DOW? + +[Tits so jacked that I hope everyone had a lovely Monday, including my new shill friends from the strategic PsyOp chats they've created for us. ❤️](https://www.reddit.com/r/Superstonk/comments/onps9e/tits_so_jacked_that_i_hope_everyone_had_a_lovely/) \- [u/missing\_the\_point\_](https://www.reddit.com/user/missing_the_point_/) + +[ u\/missing\_the\_point\_](https://preview.redd.it/tig8spy6bcc71.png?width=960&format=png&auto=webp&s=338a0f580ef0b5f1f71b665d5de4231a06d827b8) + +&#x200B; + +It seems Broccaaa have been removed from the mod list so I'm gonna presume that they did leave the mod team after all. + +&#x200B; + +Yesterday I added 2 more posts after I posted, here are the links to them in case you missed them. + +[OTM PUTs are the passed puck of short positions that is slowly being passed back. The price movements are around monthly options, SLD periods, and net capital requirements. Not FTDs.](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/) \- [u/Criand](https://www.reddit.com/user/Criand/) + +[Final Update of Google Consumer Survey \*\*\* N=2,200\*\*\*; At LEAST 164MM $GME Shares in Hands of U.S. Retail; \*\*\*My Best Guesstimate For Total Shares Owned Globally — 531MM\*\*\*](https://www.reddit.com/r/Superstonk/comments/omdafo/final_update_of_google_consumer_survey_n2200_at/?utm_medium=android_app&utm_source=share) \- [u/Get-It-Got](https://www.reddit.com/user/Get-It-Got/) + +&#x200B; + +Yesterday there were many people who liked that I kept the same normal format and there were many who didn't and suggested that I make my own format or remove large parts of it, now you can't always please everyone but I believe keeping the format while taking out some of rensole's more personal parts like san diego is the best way to go about it, please let me know what you think about it. + +Also before you wonder/ask yesterday "some people have asked me why I decided to make a daily stonk so here is a small writeup if you care [https://www.reddit.com/r/Superstonk/comments/onab8m/the\_daily\_stonk\_07192021/h5qnt07/?context=3](https://www.reddit.com/r/Superstonk/comments/onab8m/the_daily_stonk_07192021/h5qnt07/?context=3) " in case you missed it. + +(Sorry I was an hour late, [overslept](https://i.stack.imgur.com/1HlqV.png)) + +&#x200B; + +https://preview.redd.it/mnkwargtbcc71.png?width=554&format=png&auto=webp&s=4104c69e4018c15abbed6d4967e1cef3759cc66a + +EXCELLENT! + +Be friendly, help others! + +As always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +**We help each other, we care for each other.** + +**Ape don't fight ape, apes help other apes!** + +This helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +**We don't care, just be nice and let's make this community as Excellent as we can!** + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +Don't try to exploit your fanbase, this would also be excellent! + +&#x200B; + +Remember none of this is financial advice. + +If anything happens throughout the day we will be adding it here. + +Backups: + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/ButtFarm69](https://twitter.com/ButtFarm69) + +&#x200B; + +Edit eem didn't mean for the theehee to become the thumbnail... no idea why it did that. + +Edit + +# Digital Voting Series A-1 Preferred Stock + +[PG-13](https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/) \- [u/BurnieSlander](https://www.reddit.com/user/BurnieSlander/) + +[ u\/BurnieSlander ](https://preview.redd.it/9l3usoh6wcc71.png?width=3312&format=png&auto=webp&s=2d4e1c0e28f2beb023d61aeadcf677c0e260f57b) + +BurnieSlander has a theory that the PG-13 might be a reference to Voting Series A-1 Preferred Stock rather than a stock split, the theory is essentially to issue a dividend of a new stock attached to a blockchain not only forcing the SHF to cover but also giving us the real share count. Give it a read as it is a good theory. + +[https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/h5uq91q?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/onw3ie/pg13/h5uq91q?utm_source=share&utm_medium=web2x&context=3) \- [Adept-Ad5287](https://www.reddit.com/user/Adept-Ad5287/) + +This comment gives a possible process it would go through. + +Edit [**Captain-Fan**](https://www.reddit.com/user/Captain-Fan) messaged me confirming that " Broccaaa has indeed decided to step down." + +Edit removed a line from "Possibly more Inflation due to extreme weather" as it didn't sit right. +Over the last few weeks, there have been some anomalies which have been bugging all of us. + +1. We've been trading sideways for a while now within a narrow range +2. The borrow rate on such a volatile stock is ridiculously low +3. The volume has seemingly dried up +4. Yet it does not appear that shorts have covered +5. SEC seems to be sitting idle on their hands +6. **WE** see the deep ITM calls and FTDs, so DTC and OCC **MUST** also see these since their systems are clearing these trades + +I think the answer is actually really simple: **there is no single Long Whale**. + +**DTC, OCC, and SEC are collectively the Long Whale bending the rules to keep the price stable...for now.** + +On JAN28, they saw what happened and saw the systemic risk that GME shorts would pose so they allowed RH and Citadel to bend the rules. Otherwise, it would have impacted **all** DTC and OCC members. + +In response, DTC issues SR-DTC-2021-004 and OCC issues SR-OCC-2021-003 and SR-OCC-2021-004 which firewall members from defaulting members and allow orderly liquidation of defaulting members. + +([If you want more insight into SR-DTC-2021-004, SR-DTC-2021-005, SR-OCC-2021-801, and SR-OCC-2021-004, see my post here](https://www.reddit.com/r/Superstonk/comments/mkju4s/srdtc2021004_and_srocc2021801_for_apes/)). + +# Why We're Trading Sideways + +In astrophysics, there are points in space known as [Lagrange Points](https://en.wikipedia.org/wiki/Lagrange_point) which provide orbital stability in multi-body systems. + +Contrary to the popular notion that Citadel is using a short ladder to stabilize the price, I believe that DTC and OCC members who are not exposed to GME short positions are working together to stabilize the price within a narrow, neutral range. The reason is not because of "max pain", the reason is to wait for the firewalls (see the link above) to be in place. In other words, all parties are trying to keep GME (and perhaps other shorts) in "monetary Lagrange Points". + +Price volatility can easily cause this to launch before DTC and OCC members are ready. They know that retail is largely tapped out (obvious by lack of volume) **unless** sudden volatility draws in more retail buyers that will move the price faster than they can control. + +So who is stabilizing the price? The non-defaulting members of DTC and OCC collectively to protect their assets from defaulting members. Shorts are buying the deep ITM calls or dark pools to carry their FTDs. Non-defaulting members are laddering up and down to maintain the price stasis. + +I do not believe the shorts on their own have enough capital/tools to stabilize the price like this (as we saw with the chain reaction in JAN and FEB). + +**APR14 EDIT**: [The SEC filing for the Apex merger reveals an interesting lawsuit that confirms some of this](https://www.reddit.com/r/Superstonk/comments/mq4gfi/sec_filing_merger_with_brokarage_detailing/) ( u/jamiegirl21 ) + +[\\"Apex, along with over 30 other brokerages...including...Citadel and DTCC engaged in a coordinated conspiracy\\"](https://preview.redd.it/0hkqx11ha5t61.png?width=909&format=png&auto=webp&s=dec1e70d8e6d2c25baed28104ce460f487500368) + +# Why Is the Borrow Rate So Low? + +The borrow rate is a function of risk for an institutional holder. If you want to borrow 100,000 shares from Interactive Brokers (IB) and they are only showing 125,000 shares to borrow, should the fee be high? Only if IB thinks that they won't be able to locate those borrowed shares to complete transactions. We are now operating with extremely low volume so the risk of not being able to locate a share to fulfill a transaction and having to purchase at a premium on the open market is extremely low right now due to the low volume and volatility. The fee is low because those shares are just sitting there with no one transacting them and no risk of IB not being able to fulfill a transaction. + +[One has to wonder why Interactive Brokers has been keeping the fee so low since 2021JAN28...Hmmmmm. Almost like everyone had an \\"OH SHIT\\" moment.](https://preview.redd.it/pn563jl11ds61.png?width=1144&format=png&auto=webp&s=c578a0262171d9a3c002ced98f8366b2ffec60bb) + +For reference, here is the volume leading up to the JAN28 compared to the last 3 days: + +|JAN22|197,000,000|APR06|6,000,000| +|:-|:-|:-|:-| +|JAN25|177,000,000|APR07|4,770,000| +|JAN26|178,000,000|APR08|10,000,000| + +No volume (no transactions), no risk; shares are just stationary sitting there. + +Based on the FEB24-25, MAR10, and MAR25 blips, it seems we need at least 50,000,000 volume to see any significant action. + +# Why Is There No Volume? + +Retail is out of the picture at this point. Retail has already put a lot of their liquid capital into GME. Reddit confirmation bias would have you think that everyone is buying tons of shares. But the reality is that to buy just 10 shares requires $1600-$1700 right now and we can plainly see the paltry volume since MAR16. The price stasis and news cycle has suppressed new retail from jumping in. The MSM is not being manipulated by Citadel or GME shorts; they are being manipulated by all of DTC, OCC, and SEC in order to prevent retail from creating volatility. + +Why haven't institutions bought like mad? They are largely part of DTC and OCC or their trades are cleared by DTC and OCC members so they have "agreed" (perhaps "decided" is a better word) to hold the current price stasis until DTC and OCC can be protected from the GME short fallout by DTC-004 (already in effect) and OCC-003 and OCC-004. Without SR-DTC-2021-004 and SR-OCC-2021-004/003 in place, shorts reach into everyone else's cookie jar to pay for the default. + +OCC-004 also has another important blocker: the recruitment of non-Clearing Members as auction bidders; this process is likely already underway right now. (Rich guys are going to get short HF assets at discount). Keep in mind: BlackRock is *not* an OCC member, but the second proposed change in OCC-004 will allow non-Clearing Members to participate in a member suspension asset auction. + +# Why Is the SEC Sitting By? + +SEC knows what's [going](https://www.sec.gov/news/closedmeetings/2021/ssamtg032521.htm) [on](https://www.sec.gov/news/closedmeetings/2021/ssamtg040821.htm). The SR's themself are DTC and OCC communicating the architecture of the squeeze in broad daylight. + +DTC and OCC clear every transaction on the market. They are smarter than us. If we can figure out what's going on with the deep ITM calls, FTDs, and other shenanigans, the DTC, OCC, and SEC sure as hell know what's going on *because they architected it*. + +SEC is allowing DTC and OCC to firewall non-defaulting members from the defaulting GME shorts via DTC-004, OCC-003, and OCC-004. + +Everyone has agreed that the GME shorts are going to default. + +# How Can No One See What GME Shorts Are Doing? + +They can. In fact, they are probably working with GME shorts to maintain this price stasis with the tacit understanding that they will be wiped out in a default, but in order to protect the DTC and OCC, they will work together in exchange for perhaps leniency or more likely total lack of punishment and perhaps a legal shield from the DOJ in exchange. + +# So the Launch Is Still On? + +It is all but a given; why else would they react so quickly with DTC-004, OCC-003, and OCC-004 which define the procedure for recovery and wind down and liquidation of a defaulting member? + +# Wen Moon? + +**SR-OCC-2021-003** was filed on **2021FEB24** and has a **45 day window** from filing in which it can be put into effect if there is no objection (any time in that 45 day window). However, it can be **extended another 90 days** if the SEC has objections or further comments. + +**SR-OCC-2021-004** was filed on **2021MAR31** and has a **45 day window** from filing in which it can be put into effect if there is no objection (any time in that 45 day window). However, it can be **extended another 90 days** if the SEC has objections or further comments. + +My take is that these are **calendar days** because [the SEC has a very specific definition for business days](https://www.sec.gov/rules/final/2011/34-64251.pdf) and would use that term explicitly. + +**IMPORTANT EDIT 4/6/2021 7 PM**: SEC has pushed back OCC-003: [https://www.sec.gov/rules/sro/occ/2021/34-91483.pdf](https://www.sec.gov/rules/sro/occ/2021/34-91483.pdf) Pushed to May 31st max. Who bumped it out? SIG: [https://www.reddit.com/r/Superstonk/comments/mlolh7/occ801\_advance\_notice\_of\_occ003\_pushed\_out\_to\_may/gtnvq56?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mlolh7/occ801_advance_notice_of_occ003_pushed_out_to_may/gtnvq56?utm_source=share&utm_medium=web2x&context=3). + +# Won't Citadel and GME Shorts Keep Kicking the Can? + +They won't be able to. Citadel and GME shorts are not stabilizing the price; DTC, OCC, and non-member institutional shareholders are "coordinating" to stabilize the price right now. Once DTC and OCC members are protected, volume explodes, the borrow rates will go up, margin calls will trigger, and the squeeze is on. + +# Can't DTC and OCC Keep Doing This Forever? + +DTC and OCC members likely want to resolve this as much as we do. Everyone knows the GME shorts are going to default. That's why DTC-004, OCC-004, OCC-003 were created. They have already accepted these defaults as a result of the impending scramble to cover, but they are bending the rules at the moment to set up their firewalls. + +[SR-OCC-2021-004 Page 2: \\"Following the suspension of any Clearing Member, OCC would...ensure that the Clearing Member's suspension is managed in an orderly fashion.\\"](https://preview.redd.it/3qaxkmy9vjr61.png?width=585&format=png&auto=webp&s=05acdd8c9ad545e354b87357c633cb2fabdd610d) + +[SR-OCC-2021-004 Page 4: \\"on-boarding of...non-Clearing Members as potential bidders in future auctions of suspended Clearing Member's remaining portfolio\\"](https://preview.redd.it/myto818ovjr61.png?width=591&format=png&auto=webp&s=7374eeb971106751cb3cb63ab393fc1e9effb369) + +Look at that last image right there. Does that not look like a shark feeding frenzy to you? Rich investors are about to get short HF assets at a discount. + +# What Can Citadel and GME Shorts Do? + +They can delay OCC-003 (additional 90 days) and OCC-004 (additional 90 days). Why would they do this? To secure their own assets. I would offer [the Citadel hiring of Heath Tabert](https://www.bloomberg.com/news/articles/2021-04-01/citadel-securities-hires-ex-cftc-chairman-tarbert-as-legal-chief) as the vehicle by which they will delay; his job is to get the SEC to delay enactment or negotiate the wind down as favorably as possible for Citadel shareholders and leadership. + +[OCC-003 45 days from filing \(2021FEB24\) and another 90 days if further information is requested \(page 26\)](https://preview.redd.it/b96sjpiirtr61.png?width=737&format=png&auto=webp&s=38703e6ec9aab68f82af46df5b90adbb2903e453) + +[OCC-004 45 days from filing \(2021MAR31\) and another 90 days if further information is requested \(page 12\)](https://preview.redd.it/8gsokjew9fr61.png?width=739&format=png&auto=webp&s=95bd214f01c1bfb04485ab28807082eadcade646) + +My sense is that it is more likely that GME shorts are collaborating with DTC, OCC, and SEC to avoid punishment. DTC, OCC, and SEC are allowing them to play their FTD game to keep the price stable. + +# Why Doesn't The SEC Just Make OCC-003 and OCC-004 Effective? + +[Both DTC and OCC are Self Regulatory Organizations which is why the SEC doesn't \\"punish\\" them per se](https://preview.redd.it/ddoqu01u6gr61.png?width=720&format=png&auto=webp&s=c41359bc5c94979d64f8d31aa071d0aeecc702e6) + +DTC and OCC are **SROs** (**Self Regulatory Organizations**). Read those images above carefully. DTC and OCC make their own rules, approve it on their own schedule. They only need to show the SEC and let SEC comment or request further information. SEC does not "approve" the rules; they can only "not object" and let the organizations implement their own rules. + +The organizations themselves will make OCC-003 and OCC-004 effective when they are ready. It does not have to be at 45 days or 60 days; they can enact it at any time within that period as long as SEC does not object. Once SEC is on board, they can wait to implement the rule changes when the timing is right. + +Why are they not effective yet? I think there is still closed-door negotiations between the members themselves. The short HFs have no more negotiating power after this starts so they need to get everything sorted now. The non-defaulting members are working to recruit and qualify "non-Clearing Members" to bid on the assets during the liquidation: + +[SR-OCC-2021-004 Page 5: This is what is probably happening right now and when this is ready, 003 and 004 will be finalized and approved to start the process.](https://preview.redd.it/koyu5kor5kr61.png?width=592&format=png&auto=webp&s=d527ddad7c1c4bd93894ce11ff50350eae4547e6) + +Fidelity. BlackRock. Other GME longs? They're not OCC clearing members. Guess who's going to be feeding at the table on these discount assets? + +# Does This Change My Strategy? + +***No. Buy and hold shares.*** + +What you can take away from this is that we will not see significant price movement up or down for the foreseeable future until OCC-004 and OCC-003 are in place; you are literally fighting against all of Wall Street, even the GME long institutions. There is literally no point buying deep OTM options until there is a whiff of OCC-004 and OCC-003 getting close to implementation. We will keep trading sideways, borrow rate will be inexplicably low, volume will be absent, etc. until DTC and OCC members are protected and they let off the brakes; Citadel and GME shorts are not and have not been in control. DTC, OCC, and all non-defaulting members have been preparing for the default of GME shorts. + +Shift your mindset from "*Citadel is shorting the market*" or "*It's a battle between Short HF and Long Whales!*" to "*DTC, OCC, SEC, and the shorts are preparing for the squeeze*" + +If you believe that BlackRock is working with RC on this, they have agreed that they are going to wait to announce the CEO change not because they are waiting for Sherman but because they are holding price stasis until they are get access to the shorts' assets. + +# FAQ (My $0.02) + +**Q: Does this mean DTC/OCC/SEC can cap the price?** + +I do not think that they have a mechanism to cap the price. I think they have a model of the squeeze and have some approximations of the max share price we will hit, but I do not think they have a way to actually control the price once it squeezes. + +[SR-DTC-2021-004 page 12: My guess is that they have already simulated the squeeze with a variety of parameters including starting date, price, tranches of buying, etc. Everything is being scheduled and planned according to a model that yields the best outcome that they can reasonably predict. ](https://preview.redd.it/6sn9v3xxujr61.png?width=598&format=png&auto=webp&s=8609004e0f74850c0e97f143b4e6214887ef96f6) + +The current mechanism of price control is really simple: + +1. No one buy, no one sell unless absolutely necessary. +2. Keep borrow rates low to sustain downward pressure via shorting. + +When we squeeze, they let those two go and there is no way to control it; the upwards pressure is going to be immense. There **will** be fits and starts because of sell limits and paper hands. + +**Q: Do you believe in $10m/$1m/$100K/share?** + +It is not out of the realm of possibility that some shares will exchange at astronomical prices, but it will be a mathematical outlier. There's a non-zero chance, but it's a very, very small one. By human nature, many people are going to sell before it hits that level. Remember: Reddit is not the universe of GME holders; this group is the most diamond hand of apes around. But there are a lot of people who bought into GME who are not here on Reddit and even the ones that are on Reddit have their own designs on when the risk is intolerable. + +**Q: What about that dip yesterday morning?** + +Coordinated to counter the good news on Q1 preliminary results. We ended up right in our zone. + +**Q: What about that dip to $120 ahead of Q4 earnings?** + +You see a pattern? + +**Q: Why $180-$200?** + +I don't think this is a fixed position; it can move. Main thing is they are watching options and limits to prevent any significant movement one way or the other; it's not about "max pain", it's about "most neutral". There is some basis in psychology. At $75, for example, there will be more buying pressure. At $300, there will be more selling pressure. They may have even "tested" other price points for stability and found this to be a sweet spot...for now. It's not a science; they are also experimenting and observing. + +There will be some price movement up/down because it seems like they are still "playing by the rules" and occasionally need to buy/sell shares on the market as part of their operational strategy. Why? **Because they also want to avoid lawsuits**; I believe everything is being carefully done to avoid lawsuits with the slimmest of legality as cover. + +**Q: Why doesn't GME just do X?** + +I think SEC and BR are working with GME board to keep this orderly. Everyone is treading lightly right now to prevent this from breaking away into an uncontrollable squeeze. Even DFV has to resort to communicating with cryptic memes and tweets under threat of severe legal ramifications. + +I think that any major announcement will be presaged by a dip (earnings report, Q1 results). Some big triggers are going to be held off entirely until 004 and 003 are in place. + +**Q: This sounds illegal AF! Isn't this collusion to fix prices?** + +Is it illegal? Or are they just bending the rules? They are fixing the price by...not buying or selling in any significant volume. Is there a rule that they have to set a reasonable borrow rate? TBH, I don't mind. We get our squeeze and market doesn't self-destruct requiring years of stimulus and pain to recover. + +All of the activity they are engaging in now has a razor thin veneer of legality to mitigate possible lawsuits in the future. So they can't "break" the rules, they can just look the other way or bend the rules. Thus they still need to buy occasionally on the open market and price will move because at the end of the day, all parties want to avoid a mess in the aftermath. + +**Q: This is too fantastical; why would they cooperate?** + +1. **You are Short HF; you know you are done for**. What do you want? Some legal cover from lawsuits, time to hide your assets, some slim chance to survive. Your leverage is that you can put your hands in the cookie jar *right now* if you start covering because you can access OCC member contributions before you are liquidated, but you are going to get your ass sued without any legal cover. +2. **You are a non-defaulting member**. What do you want? Short HF's tendies at a discount and you don't want Short HF to touch your member contributions to shared funds for their mistake. What good is it for non-defaulting DTC and OCC members if GME goes up, but ***Citadel and GME shorts use your funds to pay for the default?*** You also don't want the entire market to crash and your portfolio go into the red. +3. **You are the SEC.** What do you want? This whole event to be over. You also have a directive to avoid system shock and tremendous systemic market risk at this moment so you need this thing to wind down in a somewhat controlled manner without breaking rules resulting in lawsuits. + +**Q: Aren't you assuming way too much coordination and collaboration? No way they work together.** + +Their legal and regulatory teams are already working together, coordinating, and collaborating on a regular basis. Look at the member list of DTC and OCC: + +* DTC: [https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf) +* OCC: [https://www.theocc.com/Company-Information/Member-Directory](https://www.theocc.com/Company-Information/Member-Directory) + +Citadel, Robinhood, Interactive Brokers, Vanguard, JPM, Goldman Sachs, et al. Their teams are already coordinating on the regulatory changes and already in contact with the SEC. It's not like they need secret meetings to do all this; they already have an official mechanism for it in the context of their normal day-to-day business. + +What about non-members like BlackRock, Fidelity, and other brokers? End of the day, they are all part of the same ecosystem since they rely on DTC and OCC for clearing of their trades; they are all in constant communication. + +**Q: How would this even be possible?** + +To be honest, I have no idea of the specifics of the mechanism, but I can take a wild ass guess. Since all securities and options trades are cleared by DTC and OCC, they can simply use existing tools to restrict or perhaps deter the inflow of orders. [The DTC fee schedule may have an answer](https://www.dtcc.com/-/media/Files/Downloads/legal/fee-guides/dtcfeeguide.pdf). The recent focus on "dark pools" may also provide an answer. Large institutional holders can lend their shares for shorting and can set their own fees on short borrow rate; perhaps the low rate is also a function of the low volume because the low volume means the shares are just sitting there, not being transacted. But the gist of it is that they don't have to break rules to do this; they have to creatively use existing tools to restrict volume. If Citadel can get RH to disable the "Buy" button, than clearing members definitely have tools to restrict order flow by perhaps simply increasing cost of certain types or sizes of orders and transactions. + +**Q: What about X as a catalyst?** + +They may time the finalization of OCC-004 and OCC-003 with a catalyst, but a catalyst is no longer necessary. You have to realize: they are basically holding the price down by 1) not buying, 2) not selling, 3) suppressing interest rates. Once they stop doing these, the squeeze will immediately start without any additional catalyst necessary because the price is being held stable right now artificially. + +The true catalyst is not going to be seen by the public; it will be when they have bidders lined up for the asset auction and everyone has crossed their "t's" and dotted their "i's". + +**Q: What about NSCC-801?** + +I think that the GME short situation has been very fluid and volatile. I think that *at one point*, they may have wanted to try to force the squeeze via margin call or increased liquidity thresholds to get it over with. When it was in the $20's or $40's or when they thought that the shorts were just a wee-bit short, they may have thought that having the tools to margin call the shorts would end this thing. + +Once they observed how bad the situation was, the whole game plan changed to focus on mitigating fallout. Changes like NSCC-801 that could trigger the squeeze may be counter productive without getting the firewalls in place first for the fallout. It's like trying to pop a zit then realizing its actually advanced melanoma. Once you realize it's melanoma, you need to treat that very differently than if it was just a big zit. + +**Q: Why doesn't some rich foreigner just buy millions?** + +They go through brokers. Also, the rich foreigners will work with the non-defaulting members to buy defaulting member assets at a discount at auction. See my screenshot above from SR-OCC-2021-004 page 5. + +**Q: So...we getting paid, right?** + +Yes. **Without a doubt, the squeeze is being "scheduled"**. But there is ONE nagging issue in the back of my head and it is tucked into SR-DTC-2021-004 page 9. They changed this: + +>As the owner of the securities, DTC has an obligation to its Participants to distribute principal, interest, dividend payments and other distributions received for those securities. No alternative provider is available. + +To: + +>As the owner of the securities `on the issuer’s books and records`, DTC has an obligation to its Participants to distribute principal, interest, dividend payments and other distributions received for those securities. No alternative provider is available. + +The interesting questions are 1) what are the securities which are ***not*** "on the issuer's books and records", 2) who is holding those securities?, 3) what happens to those shareholders? Are these the counterfeit shares? The naked shorts? Is this an escape hatch for the shorts? Or a hammer that inflicts more pain on the shorts? + +# If You Made It This Far... + +[Follow along as we recap and dive one layer deeper into SR-OCC-2021-004](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) and decipher [one of DFV's cryptic, recent tweets](https://twitter.com/TheRoaringKitty/status/1380196363774918657). + +The recent post by u/yosaso also examines the dynamics of the sides that are seemingly at play here: [There is a WAR to control the DTCC and GME is the BATTLEGROUND](https://www.reddit.com/r/Superstonk/comments/mouj57/there_is_a_war_to_control_the_dtcc_and_gme_is_the/); really good research into the players and motivations of the players involved. +Something different from the radioactive tendies I usually shower you in. I have a Lithium stock DD to share. Another potential VUL but this one has some extra benefits to lather on top and will be big! + +[Pilot Plant - Perth 2019](https://preview.redd.it/9ssbtqhy8kc61.png?width=602&format=png&auto=webp&s=332b3ce8b78036fc1733861fb5c6b5e6c7ebe3da) + +# Lepidico (ASX:LPD) + +Share Price: A$0.023 \*update closed $0.03 yesterday (20th), hopefully pullback for more buying opportunity + +**Options :**LPDOB Exercise at 5.0 cents/share, Expire 5th-June- 2022 + +LPDOC Exercise 2.0cents/share, Expire 18th-May-2022 + +Shares outstanding: 5.19B + +**Market Cap: A$155.57million** + +Alright, before diving into LPD. For some comparative reference, **VUL** is an in-situ recovery lithium miner (I.e. they plan to **pump up lithium brine from underground**) and they are touting the green energy flag because they are also planning to use geothermal energy to power the proposed plant. "Zero Carbon Lithium" is the slogan. They are only at Pre-feasability study (PFS) - i.e. still working out engineering parameters and how much it might cost. + +Now the EU, US and a lot of EV manufacturing countries are becoming very stringent on having quality lithium mined from ethical sources. So VUL gets a thumbs up there. (ps. I don't hold VUL, but well done to those who did well) + +Now to **Lepidico (LPD)**. They are a global lithium explorer and developer with one already **existing mine in Namibia** and other exploration assets and partnerships around the world. More importantly they are becoming a **lithium hydroxide chemical producer** with their proprietary cost effective conversion process technologies (L-Max & LOH-Max). Having completed successful trials with their **pilot plant built in Perth in 2019** they are now on the way to getting funding for building their phase **1 major lithium hydroxide and by-product (casesium, Rubidium, SOP) plant in Abu Dhabi** \- set to begin construction late 2021. They are on track to finalise the FID by 2nd half 2021 (\~May 2021) + +# Quick Summary Points + +https://preview.redd.it/4b7892kw9kc61.png?width=1040&format=png&auto=webp&s=7ff471ebd32f1ce01a84fb612d012bfb6d209f3e + +Lepidico's strategic objective "is to develop a sustainable vertically integrated lithium business that commercialises its proprietary technologies and provides above average returns from mine to battery grade lithium chemical production." + +I.e. they are building a business that cuts out the middle man and are covering mine to battery material manufacturer as well as licencing out their technology process in strategic partnerships + +OK. That’s a lot to take in for a quick summary. And there's still major points I didn't include. But that’s the crux of it. The Rest below I dive into more detail. I've been involved in this stock since 2017 and have spent a large amount of time researching deep into them and their technologies. + +My position and target price is at the bottom + +[Combined Asset Overview](https://preview.redd.it/8ous4my1akc61.png?width=638&format=png&auto=webp&s=6b8ca1c7bcce3be72f630bc3fe9f3ebbbdbb97c6) + +https://preview.redd.it/awx8qcecakc61.png?width=1064&format=png&auto=webp&s=6ce60438cc223ed0b607b7e30518fc0db0cca3f8 + +**Lithium Chemicals** + +Lithium chemicals aren't commodities, they're **specialty chemicals**. To be able to take advantage of the EV growth, companies need to be able to produce high grade (99.5% lithium carbonate or 56.5% lithium hydroxide). The product also needs to be low in contaminants like magnesium, sodium, potassium etc. + +**LPD is at 99.95% for carbonate**, and won't disclose exactly what they have for hydroxide other than it is **greater than 56.5%**. They have very little contamination. + +The push to expand the driving range of EVs is bringing stricter and stricter requirements for battery materials and the existing market players are not able to expand their capacity and maintain grade at the same time. Most of the high grade material is sold on long-term contracts in Japan and Korea, unlike the spot market + +The long-term contracts come with strict requirements regarding quality control, which is why I said lithium chemicals aren't a commodity above. If supplier A screws up and sends you a dodgy batch, there is no guarantee you can go to supplier B and buy from them. The materials of different producers will have different characteristics, particularly in what contaminants are present and particle size. The name of the game is reaching qualification for an offtake agreement. + +# Definitive Feasability Study (DFS) + +&#x200B; + +https://preview.redd.it/k0nromqvwkc61.png?width=1066&format=png&auto=webp&s=e17d35e78cc566933565ceff2f5f540bdcad5c4a + +**Building The Phase 1 Chemical Conversion Plant in Abu Dhabi** + +Why? for number of key reasons + +* Close to their current mine ore reserve which has enough resource to feed the plant's liftetime +* To be constructed in a key industrial area and near a port and main freight routes into UAE and EU. +* Chemical supply such as Sulfuric acid is in abundance and partnership with Gulf Fluour has already been setup and the plant construction location is set to be next door. +* Cost efficient and tax incentivised by UAE government to build there +* Most importantly- **close to the European and global key battery and EV manufacturing countries**. Alternative proposed location was West coast of Canada but the benefits in Abu Dhabi far outweighed those in Canada + +[Abu Dhabi Chemical Conversion Plant Design](https://preview.redd.it/jhyvrnj2bkc61.png?width=1266&format=png&auto=webp&s=d9976f5c64af3f0e0635db311b3d61cb961b30df) + +**Next Steps** + +* Confirming Ore reserve to ensure feed supply for life of plant - **complete** +* Definitive feasability study to confirm economics - **complete** +* Secure at least one pre-offtake agreement - NDAs signed and growing interest +* Funding - approved by Department of Financial Development Corporation (DFC) as class B - Achievedeasier to attain funding +* And Permits to start construction - almost there - due 1st quarter 2021 +* FID due 2nd quarter 2021 + +https://preview.redd.it/t6ghodlkbkc61.png?width=1066&format=png&auto=webp&s=a7ea391b1ba5011f84c3449c08895320e09af573 + +**The Risks and What Else to Be aware of** + +* Relatively high # shares on issue (5.19B). Though **offset with low market cap of $155million** + * o i.e. 500% growth in share price (10cents) still only puts the company at $519mill market cap + * o Is potential of consolidation of shares, though at the AGM's the question has been asked and it wasn't addressed as being something the management are planning to do. Won't rule it out though. +* There is still a few months before FID is confirmed and production is not until 2023. i.e. there is time for the share price to swing in both directions and be quite volatile and lithium market sentiment dependent. +* Funding of the $155mill capex needs to be raised and may result in a capital raise on market for some of the funds. Though, they have signed 10x NDAs to date for funding potential & pre-offtake funding and there has been approval by US DFC for debt funding of the mine. But I would expect a SPP or Cap raise for at-least a small portion of it - and so they can give share-holders one last opportunity to participate. +* The lithium market could crash or retrace - there has been a significant run on lithium the last 5 weeks, reaching new highs as demand for lithium soars to meet the growing EV industry. LCE US$55,800/t up from US$20,000/t earlier in 2020 +* Once construction starts the estimated capital expenditure could blow out, though I don’t see this necessarily happening as the system is somewhat straight forward and has been designed to be modular and scalable + +**My Position** + +I have been invested in LPD since 2017 and as a Process Engineer in resources I was very interested in their process conversion technologies. Since 2017, I have participated in 3x capital raises along the way and have had to be very patient with them going through the steps of building their pilot plant, the product testing and eventual final feasability studies. I put it in my bottom drawer so to speak. + +But now I am starting to get excited as they are approaching **last few months before FID** and there are **more and more potential customers interested in a number of their products** signing NDAs. It has been a very tight ship of who they are talking to and who they have sent product samples to. An official commercial or pre-offtake agreement announcement could drop anytime. + +There is still 18 months ahead before they are at the stage of producing and shipping to customers but by then the value of the company should have increased significantly. + +LPD in my portfolio is the penny stock that **I have invested the highest amount of value in of initial investment** more than any other single penny stock. This is partly due to participating in each capital raising and averaging down as the price came down as investors got bored over time. + +https://preview.redd.it/uxwr5t01dkc61.png?width=1060&format=png&auto=webp&s=412929c6e2dc3bc9f75583c8d56f955c3ad396da + +**Rockets Analysis?:** 1stHalf 2021: 1.5x 🚀, 2ndHalf 2021 4x 🚀, Mid 2023 onwards: 9.5x🚀 + +Obviously none of this is financial advice, because I am not certified and that is illegal (are you happy ASIC?) + +This is just my DD on a lithium "chemical" company with a well-established integrated business plan to become a major EV and battery manufacturer material supplier as the whole world shifts away from fossil fuel sources. + +Ps. All these batteries and EVs will need a lot of low cost but efficient re-charging power. Do you know what's good at that? Nuclear Power ;) +I want to clarify that he used my paypal account with my knowledge, we live basically as a married couple and he used this money to support us while I'm in school. The gross amount is 25k. + +Obviously we live on very little income; our house and cars are paid for so insurance, groceries, and utilities are our only expenses (we are extremely frugal) +I'm starting to look for my next multifamily in the Boston area and there are so many gutted homes for sale! I'm guessing folks are running out of money/time and financing is drying up. I"m not paying $1.1m for a gutted shell, even with plans attached, thanks. +So, I'm planning to go to school for something in the financial realm. I was thinking CPA, but then a friend's dad told me that with how passionate I am about financial planning, I should look into that. I think he might be right, but I'm in no way interested in being a pushy sales person. + +So, here's the dream. If I could build the perfect job, I'd love to help people from ALL socioeconomic backgrounds (maybe the struggling even moreso than the wealthy) learn how to properly build and manage their finances. I'd like to get them on track to lift themselves out of debt and start building a proper stable financial future. I don't want to sell them crap. I want to help. I want to make $50k a year. More is better, obviously, but a definite floor of $40k. + +Is it realistic to find this job, without a manager trying to get me to push crappy insurance, stocks, etc. on my clients? I'd rather just go be a CPA and do taxes or audit than be part of the problem. +**UPDATE TL;DR Summary:** + +* The argument is that we are spending way too much on infrastructure. We already have more than we can afford to maintain. Think especially of the sort of infrastructure involved in the dominant US development modes. Highways, frontage roads, interchanges, traffic lights, main roads, office parks, commercial parks, and residential developments with their own hierarchical road structures, water, sewage, etc. +* The dominant development mode is greenfield development of single family homes on cul de sacs on cheap land with little "place value". As in, rural land, and land on the urban edge. +* The mechanism is that, when such greenfield, single family home, urban edge developments are new, they are attractive to a relatively affluent demographic. The roads are wide and gleaming, the strip malls have the latest design iterations of all the big box stores and all the trendiest fast casual restaurants, and the housing developments are brand new and to the latest styles. The brand new school has the most impressive facilities etc etc. Maybe the area is still in land use transition, with lots of remaining farmland, giving a pastoral, "gentry" feel. But as time goes on, as things start to undergo wear and tear, there is no economic force holding up the floor on the house values. The land still isn't worth anything. There is always more land a couple minutes down the highway for a newer and nicer development. Most people in the US don't live in metro areas with high centralization, where suburban land has place value being 25 miles away from the city center because many of the jobs are in the city center and there's no undeveloped land for 50 miles. Most Americans live in decentralized cities where the jobs are scattered in office and commercial parks all over the place and new office and commercial parks are built on the new undeveloped land just like the houses. So as the neighborhood ages and the houses and infrastructure degrade, wealthier people will filter out. They will either go to a newer greenfield development or they will go closer to the city center, as is increasingly the trend for more affluent people. This will leave an increasingly poor demographic of residents to maintain the low-density suburban style developments... which they can't afford because it has incredibly high maintenance costs. +* The phenomenon is even more pronounced for commercial real estate. You can almost watch if happen before your eyes. At least I personally can attest to noticing the phenomenon of one big box store or restaurant chain operating in one location off a major road or highway, and then closing that location to open a new store a couple miles down on the same road. The first city with the store probably still hasn't recouped their public infrastructure in investment to facilitate that store- they probably invested major money upfront to provide the infrastructure for the commercial development, and probably offered tax breaks as well. And now that storefront is vacant, and if it finds another tenant at all, they are much lower value uses of the land that they will make much less property tax revenue on. Instead of a Walmart, it is a discount furniture warehouse. Instead of a KFC, it is a Cash 4 Gold. And the second city, the one that got the new walmart and kfc, is on the same path. It too gave the tax breaks to the developer and it too won't be able to maintain the infrastructure long term. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I was an econ major back in college a like every economics fan I love a good contrarian take. And this one is a whopper. + +I read a lot of articles about urbanism and frequent /r/urbanplanning. One organization that pops up all the time is *Strong Towns*, founded by a trained urban/regional planner and former real estate development consultant, Chuck Marohn. So over time I had read a bunch of their articles and listened to several of their podcast episodes, but not until I read his *Strong Towns* book did I really understand what he was trying to say. + +I think in the more accessible media, he tones down his argument, but in the book it is clear: he thinks most US infrastructure investment is a massive waste of money including any reasonable value for social benefits, he thinks that the economic desolation that already befell the inner ring suburban neighborhoods in most US cities will inevitably be replicated in most of the newer suburbs, and that it is a major looming economic crisis that will require us to "triage" neighborhoods and shrink our cities. + +He explains by manner of contrasting the predominate modern low-density development pattern with (his take on) the development pattern of cities from the 18th century and earlier going back to the earliest archaeology. Before industrialization, stable nation-states, and sophisticated financial markets, people invested their scare resources in locations that had high "place value". If the place was at a confluence of two major trading rivers, or at a big natural harbor well-positioned for trade, that place might have supported a large city, or if the place was merely a convenient location for nearby farmers to congregate it might have supported a small village. But in any case, as long as the land had fundamental "place value", it had ongoing attractiveness and a certain amount of resiliency against economic swings. Contrast that with today, where he sees us investing massive amounts to build roads, traffic lights, water and sewage, electricity, and more infrastructure out to massive spreads that have little to zero "place value". + +Marohn argues that, when a suburban residential or commercial development is brand new, there is a veneer of prosperity on top of a mountain of unsustainable debt. When the brand new tract house subdivision opens, the highway exits and roads are all new and gleaming, the houses are all new and gleaming, the area isn't fully built out yet so the street congestion is low, and the property taxes are enough for the city to cover their loans on the associated infrastructure development and contribute to other areas of their budget besides. Everything looks great. + +The problems don't appear until a generation later when all the infrastructure is failing and needs to be rebuilt: the subdivision is no longer gleaming and new, there are lots of cracks and weeds in the pavement, many of the houses look old and unprosperous, there is more road congestion since the area is fully built out, and since this neighborhood has no fundamental place value it can't attract the same economic strata of resident as it did when it was new: it needs to finance the redevelopment of its public infrastructure, but this time on the backs of much poorer residents. And it is a vicious cycle where, as public services suffer due to financial constraints, anyone with the means leaves to a farther out and newer development, leaving an ever-poorer demographic of stragglers behind to maintain their lead pipes and rutted roads. + +He argues that this is what already happened to inner rings suburbs everywhere and to Detroit in particular, since they were developed to low-density patterns a generation early, pre-WW2, but that there is no reason that this same pattern won't repeat with later suburban developments. + +And he's not even a big fan of spending on trains or other public transportation. He analyzes most of those as huge economic losers too, except for huge cities and even there, probably only if we were to adopt major value capture funding mechanisms. + +I have included a few excerpts below. + +What do you think of this argument? Is low-density development on valueless tracts of land economically disastrous? And even if this was the case, how the hell could we turn society around and get people to accept the idea that we need to build infrastructure more efficiently. + +&#x200B; + +>**The Municipal Ponzi Scheme** +> +>When local governments need professional assistance, they often issue what is called a request for proposal (RFP). Consultants like myself respond to the RFP and, if successful, there is an interview. I’ve done many such interviews, answering questions from city staff as well as elected and appointed public officials... +> +>In the end, it was all about growth. The common denominator was that every city wanted to grow; my job was to help them do that. It was clear how this benefitted me – I got paid to do the project – but what wasn’t clear to me, now that I had mounds of data, was why cities wanted to grow if it was going to make them poorer... +> +>For local governments, it actually becomes quite simple: New growth provides local governments an opportunity to receive additional cash in the short term in exchange for taking on unpayable, long-term liabilities. The mechanism is stunningly simple. +> +>Consider the ideal scenario: a developer who comes to town and is willing to invest their own money to bring a project to fruition. This developer seeks no public assistance or subsidy. They are willing to follow all the rules and regulations of the community. They will, at their own expense, build all the residential homes and commercial buildings within the development. They will install and pay for, to the municipality’s standards, all the required roads, streets, curbs, sidewalks, pipes, pumps, valves, and meters. +> +>The only thing the developer asks for making this investment in the community is that the local government – steward of the public balance sheet – agree to take over the long-term responsibility to service and maintain this new development. All the city must do is provide police and fire protection, maintenance the of the infrastructure, and the other general services provided to all residents and businesses within the city. +> +>I have never encountered a local government that wouldn’t immediately accept such an offer. In fact, in many places it would be illegal not to, assuming all the local standards were met. Generally, developers ask for concessions or subsidies making the deal worse than what I’m presenting, but stick with this ideal scenario and follow the cash flow over time. +> +>In the first year after the new development is built, everything is brand new. The streets, sidewalks, and pipes don’t need any maintenance at all. Revenue from the new development pours into the city coffers. Some of it is spent on public safety, some on parks, some on running city hall, and some is spent on fixing and maintaining infrastructure in other parts of the city. +> +>Pretend that maintenance money is sequestered. Instead of having it go to fix the street in front of the mayor’s house on the other side of town, it’s set aside and saved for the day when the city must go out and make good on the promise they made to fix and maintain the street in the new development. +> +>Every year, more tax revenue is added to the fund. For decades, nothing is being spent. A 5-year-old road isn’t costing the city anything. A 10-year-old sidewalk presents no immediate expense. A 15-year-old pipe is just fine sitting there in the ground. It’s only when we get a generation out, when the city is expected to go out and perform maintenance or rehabilitation of that infrastructure, that the insolvency is revealed. It’s at this point that cash flow runs far into the negative (Figure 3.1). +> +>**The Infrastructure Cult** +> +>The last thing that our cities need is more infrastructure. Yet, at a time noted for political polarization and bitter divisiveness, the only thing our politicians, professionals, and the working class all seem to agree on is spending for infrastructure. Support for infrastructure investments continually poll higher than any other policy item under consideration.6 Voters have even demonstrated a willingness to accept modest tax increases if the money is dedicated to infrastructure. +> +>The cultural narrative for infrastructure spending is a pretty easy sell: Building infrastructure creates jobs as well as other development opportunities. It will shorten commutes and keep the environment cleaner. And just look around at all the crumbling infrastructure in the United States; infrastructure investment is seen as a bipartisan no-brainer... +> +>This also can’t solely be attributed to the pyramid-scheme nature of our development pattern, the cognitive discounting that prompts us to highly value the cash benefits today while ignoring the long-term financial consequences of our decisions. Even when the negative financial math on a project is easily discernible, even when the cash payout isn’t there, public officials often vote – with the recommendation of their professional staff – to move ahead with infrastructure spending. +> +>The ultimate victory of any ideology is to no longer be considered an ideology, merely truth. Our collective belief in the power of infrastructure spending is now so deeply embedded within our society that we struggle to identify it as belief, let alone systematically question it. We take it as truth, unequivocally. +> +>A cult is a collection of people having a misplaced or excessive admiration for a person or thing. Since the end of World War II, America’s leadership class has grown to be an infrastructure cult. +> +>**The American Society of Civil Engineers** +> +>The American Society of Civil Engineers (ASCE) is the most authoritative, prestigious, and oft-quoted organization on North American infrastructure spending. Their periodic report cards routinely score U.S. infrastructure at just above failing. With the enthusiastic support of contractors, developers, trade unions, and others involved in the business of construction, the ASCE regularly calls for large increases in all levels of infrastructure spending. They boldly cite the obvious benefits of more infrastructure, claims that are parroted nearly unquestioned by politicians and media outlets. +> +>For example, in 2011, as governments everywhere were having their budgets hammered by the lingering effects of the housing crisis that began three years earlier, the ASCE published a report called *Failure to Act*,8 an analysis of the economic impacts of infrastructure investment trends. In this report, the ASCE detailed the hundreds of billions our failing infrastructure is costing American families and businesses. +> +>At that point, ASCE estimated that families and businesses had lost $130 billion due just from deficiencies in transportation systems. Over the next decade, an additional $430 billion would be lost by businesses and $482 billion by families, all due to our failure to make the proper investments in transportation infrastructure. Taken cumulatively, this is a loss just over $1 trillion in a decade. +> +>To avoid this loss, and to reach what the ASCE has called “minimum tolerable conditions” on the nation’s highway, bridge, and transit investments, the *Failure to Act* report indicates that an additional $220 billion must be spent annually going forward. That’s $2.2 trillion in additional infrastructure spending over the coming decade. +> +>Let me summarize what you’ve just read: The American Society of Civil Engineers suggests that the federal government, on behalf of the American people, spend $2.2 trillion over a decade to save those same Americans from the hardship of having distressed infrastructure, a difficulty estimated to cost just $1 trillion. +My mom told me that if my brother can't pay back his loan, then i will be responsible for it solely because I am his brother. I didn't co sign the loan and I didn't sign anything so how can I be responsible? + +Edit: I just found out he has 150 shares of Apple stock. There is no way in hell I'm giving my brother any money. + Copied from Redditor a1988eli - this is post is a few years old now but by far the best I found on the topic + +"I can answer this one. For some reason, I attract these people into my life. I don't do anything super extraordinary. I am not famous. But I count many peoplewith ultra high net wealth among my close friends and I have spent more time than even I can believe with 8 different billionaires. This is not just meet-and-greet time. This is small group and even one-to-one time. I dated the daughter of one billionaire several decades ago. So I have gotten a peek into this life. + +Let's get one thing out of the way. There are gradations of rich. I see four major breaking points: + +Worth $10mm-$30mm liquid (exclusive of value of primary residence). At this level, your needs are met. You can live very comfortably at a 4-star/5-star level. You can book a $2000 suite for a special occassion. You can fly first class internationally (sometimes). You have a very nice house, you can afford any healthcare you need, no emergency financial situation can destroy your life. But you are not "rich" in the way that money doesn't matter. You still have to be prudent and careful with most decisions unless you are on the upper end of this scale, where you truly are becoming insulated from personal financial stress. (Business stress exists at all levels). The banking world still doesn't classify you as 'ultra high net worth' + +Net worth of $30mm-$100mm + +At this point, you start playing with the big boys. You can fly private (though you normally charter a flight or own a jet fractionally through Net Jets or the like), You stay at 5 star hotels, you have multiple residences, you vacation in prime time (you rent a ski-in, ski-out villa in Aspen for Christmas week or go to Monaco for the grand Prix, or Canne for the Film Festival--for what its worth, rent on these places can run $5k-20k+ per NIGHT.), you run or have a ontrolling interest in a big company, you socialize with Conressmen, Senators and community leaders, and you are an extremely well respected member in any community outside the world's great cities. (In Beverly Hills, you are a minor player at $80 million. Unless you really throw your weight around and pay out the nose, you might not get a table at the city's hottest restaurant). You can buy any car you want. You have personal assistants and are starting to have 'people' that others have to talk to to get to you. You can travel ANYWHERE in any style. You can buy pretty much anything that normal people think of as 'rich people stuff' + +$100mm-$1billion + +I know its a wide range, but life doesn't change much when you go from being worth $200mm-$900mm. At this point, you have a private jet, multiple residences with staff, elite cars at each residence, ownership or significant control over a business/entity that most of the public has heard of, if its your thing, you can socialize with movie stars/politicians/rock stars/corporate elite/aristocracy. You might not get invite to every party, but you can go pretty much everywhere you want. You definitely have 'people' and staff. The world is full of 'yes men'. Your ability to buy things becomes an art. One of your vacation home may be a 5 bedroom villa on acreage in Cabo, but that's not impressive. You own a private island? Starting to be cool, but it depends on the island. You just had dinner with Senator X and Governor Y at your home? Cool. But your billionaire friend just had dinner with the President. You have a new Ferrari? Your friend thinks their handling sucks and has a classic, only-five-exist-in-the-world-type of car. Did I mention women? Because at this level, they are all over the place. Every event, most parties. The polo club. Ultra-hot, world class, smart women. Power and money are an aphrodisiac and you have it in spades. Anything thing you want from women at this point you will find a willing and beautiful partner. You might not emotionally connect, but damn, she's hot. One thing that gets rare at this level? friends and family that love you for who you are. They exist, but it is pretty damn hard to know which ones they are. + +$1billion + +I am going to exclude the $10b+ crowd, because they live a head-of-state life. But at $1b, life changes. You can buy anything. ANYTHING. In broad terms, this is what you can buy: + +Access. You now can just ask your staff to contact anyone and you will get a call back. I have seen this first hand and it is mind-blowing the level of access and respect $1 billion+ gets you. In this case, I wanted to speak with a very well-known billionaire businessman (call him billionaire #1 for a project that interested billionaire #2. I mentioned that it would be good to talk to billionaire #1 and B2 told me that he didn't know him. But he called his assistant in. "Get me the xxxgolf club directory. Call B1 at home and tell him I want to talk to him." Within 60 minutes, we had a call back. I was in B1's home talking to him the next day. B2's opinion commanded that kind of respect from a peer. Mind blowing. The same is true with access to almost any Senator/Governor of a billionaires party (because in most cases, he is a significant donor). You meet on an occassional basis with heads-of-state and have real conversations with them. Which leads to + +Influence. Yes, you can buy influence. As a billionaire, you have manyways to shape public policy and the public debate, and you use them. This is not in any evil way. the ones I know are passionate about ideas and are trying to do what they feel is best (just like you would). But they just had an hour with the Governor privately, or with the Secretary of Health, or the buy ads or lobbyists. The amount of influence you have can be heady. + +Time. Yes, you can buy time. You literally never wait for anything. Travel? you fly private. Show up at the airport, sit down in the plane and the door closes and you take off in 2 minutes, and fly directly to where you are going. The plane waits for you. If you decide you want to leave at anytime, you drive (or take a helicopter to the airport and you leave. The pilots and stewardess are your employees. They do what you tell them to do. Dinner? Your driver drops you off at the front door and waits a few blocks away for however long you need. The best table is waiting for you. The celebrity chef has prepared a meal for you (because you give him so much catering business he wants you VERY happy) and he ensures service is impeccable. Golf? Your club is so exclusive there is always a tee time and no wait. Going to the Superbowl or Grammy's? You are whisked behind velvet ropes and escorted past any/all lines to the best seats in the house. + +Experiences. Dream of it and you can have it. Want to play tennis with Pete Sampras (not him in particular, but that type of star)? Call his people. For a donation of $100k+ to his charity, you could probably play a match with him. Like Blink182? There is a price where they would simply come play at your private party. Love art? Your people could arrange for the curator of the Louvre to show you around and even show you masterpieces that have not been exhibited in years. Love Nascar? How about racing the top driver on a closed track? Love science? Have a dinner with Bill Nye and Neil dGT. Love politics? have Hillary Clinton come speak at a dinner for you and your friends, just pay her speaking fee. Your mind is the only limit to what is available. Because donations/fees get you anyone. + +The same is true with stuff. You like pianos? How about owning one Mozart used to compose music on? This is the type of stuff you can do. + +IMPACT. Your money can literally change the world and change lives. It is almost too much of a burden to think about. Clean water for a whole village forever? chump change. A dying child need a transplant? Hell...you could just build and fund a hospital and do it for a region. + +RESPECT. The respect you get at this level is just over-the-top. You are THE MAN in almost every circle. Governors look up to you. Fortune 500 CEOs look up to you. Presidents and Kings look at you as a peer. + +PERSPECTIVE. The wealthiest person I have spent time with makes about $400mm/year. i couldn't get my mind around that until I did this: OK--let's compare it with someone who makes $40,000/year. It is 10,000x more. Now let's look at prices the way he might. A new Lambo--$235,000 becaome $23.50. First class ticket internationally? $10,000 becomes $1. A full time executive level helper? $8,000/month becomes $0.80/month. A $10mm piece of art you love? $1000. Expensive, so you have to plan a bit. A suite at the best hotel in NYC $10,000/night is $1/night. A $50million home in the Hamptons? $5,000. There is literally nothing you can't buy except. + +Love. Sorry to sound so trite, but it is nearly impossible to have a normal emotional relationship at this level. It is hard to sacrifice for another person when you are never asked to sacrifice ANYTHING. Money can solve all problems for someone, so you offer it, because there is so much else to do. Your time is SOOOO valuable that you ration it. And that makes you lose connections with people. + +Anyway, that is a really long answer, but I have a very unique perspective because I have seen behind the curtain of the great and mighty OZ. just wanted to share + +EDIT: Wow! An unbelievable response to this (8x gold and 6000 upvotes. OMG) Thank you for all the comments and PMs. I am working 14 hour days right now, so I can't answer most, but to answer the most common PMs: + +Seeing all of this doesn't make me want to get into the top tier. Different lives have the same emotional degree of difficulty: I met Sylvester Stallone at a party a few months back for the first time. Great guy. Has a beautiful, smart wife and a great career. He had a special needs son who died young. Nobody has it all. Nobody." +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. +**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. +This is the clear example of hypocrisy at its finest! Seven month before their CEO Noel Quinn publicly announced that HSBC will not be offering any services related to Bitcoin and crypto entirely to its users and linked his decision to the "lack of transparency" and high volatility in the cryptocurrency industry. As per Quinn, it is impossible for an agency to tell who owns the crypto, and hence everything depends on whether the holders can be "trusted in regard to market integrity." + +And yesterday karma hit them back, the same fucking swindlers are fined £64m for anti-money laundering failings. Actually, initially they were fined for £91m though since HSBC not disputed the findings and agreed to settle it was cut down to £63.9m. HSBC's failings cover a period of eight years, from 2010 to 2018, the FCA said. + +[**The FCA's report into HSBC**](https://www.fca.org.uk/publication/decision-notices/hsbc-bank-plc.pdf) cites examples of poor controls, including failing to spot suspicious activity on the account of a construction director who also played a leading role in a criminal gang trying to steal millions of pounds by setting up fake companies. The person pleaded guilty to VAT fraud and went to prison. HSBC also failed to detect a customer imprisoned for smuggling cigarettes into the UK and ordered to pay £1.2m by the HMRC tax office, where the bank missed "a sustained period of unusual activity," the FCA said. + + +For those who did not know, in 2012 after an investigation by the US Department of Justice the same bank paid $1.9bn fine (£1.4bn) for laundering money of Mexican drug cartels, circumventing the rules designed to prevent dealings with Iran, Burma, North Korea and being financed by terrorists from Middle East. + +So dump fucking HSBC shares if you have any and buy crypto and if you wonder, yeah this is financial advice. +Hi all, id like to provide an update to this post i made 5 weeks ago: https://www.reddit.com/r/UKPersonalFinance/comments/ve8nhs/14000_stolen_from_my_account_what_are_my_chances/?utm_medium=android_app&utm_source=share + +As of today Santander has silently refunded the entire sum of money into my account. They did not reach out for any additional information from myself, they did the investigation all in the background. It took exactly 5 weeks (25 working days) + +What a relief! + +What I've learned from this: +Some of this information might be *duh, obvious!* to some, but if you're like me and didn't know, then I hope you can learn from me and not be victim to the same issue: + +1. Do not have your savings account and your current account be the same bank account! +2.Have one savings account and dont regularly use the debit card for this account +3.And only have a moderate sum of money in your regular current account at all times, however much you need to get through a month or two +4. When shopping try to use a credit card, or a 2nd level of protection like PayPal, to protect your debit card information from hackers. These also give you a 2nd company who will fight your case with you. (The credit card company or PayPal)[EDIT: as some commenters have pointed out - maybe not PayPal!] + +If I had followed any of the above steps then I wouldn't have had to go through this ordeal. But fortunately santander had my back and protected me from my own mistakes , eventually + +Happy Friday all. + +Big thanks to everybody who gave me advice and reassurances on the original post. It was a stressful 5 weeks. +Below is my analysis of Palantir. While deeper analysis is possible, the goal is a concise elevator pitch, in line with what Peter Lynch recommends when making decisions to buy or sell. I included everything that *I thought* should satisfy a curious investor. + +## Summary of Operations + +Palantir provides software platforms to governmental and commercial enterprises in the U.S. and its Western allies. These allow their customers to track, input, analyze, interact with, and make decisions based on their customer’s data. It is adaptable to the customer’s needs, whether identifying positions of IEDs in war, understanding consumer purchasing habits, or following the movement of pieces that assemble a jumbo jet. Palantir helps enterprises of many shapes and sizes achieve new levels of efficiency with data-driven decisions that would be difficult to perform independently, if at all. While their platforms can be installed and operated within a company’s own hardware or cloud system, Palantir also boasts a subscription-based cloud network that is readily accessible to any of its users. + +In 2021, Palantir produced positive cash flows for the first time, with **$321 million in free cash flow**. The company declared **$424 million in** ***adjusted*** **free cash flow** (after adding back cash paid for taxes on stock-based compensation). I’m not really sure how they justify this. + +## Strategy + +Palantir has three phases in building customer accounts: Acquire, Expand, and Scale. + +* **Acquire:** This is the opening phase. Typically this involves a pilot program with the new account. Palantir’s staff is deeply involved and usually operates at a modest loss as it courts the customer and familiarizes it with software. The customer enjoys minimal risk and obligations. The goal is simple customer acquisition (think Thiel’s PayPal paying people to join that platform). +* **Expand:** After the Acquire phase, Palantir seeks to increase the sale of its software and service throughout that account, while also perhaps leveraging this relationship into the creation of new accounts with adjacent enterprises that have a relationship with the main account. There is usually still a modest loss here but an increase in revenue. +* **Scale:** The account reaches maximum saturation of software sales, increasing revenues further. Costs decrease to cover simple maintenance and support, as the customer is usually very self-sufficient in use of software and has it customized to meet the data needs of their enterprise. The account becomes a profitable relationship for Palantir at this point. + +The length of these periods is not set in stone and can vary wildly based on the account. Palantir expects that successful navigation through stages can take several months, maybe even a few years. + +## Growth and Future + +As of 2021, Palantir is successfully cash flow positive. This is good because relying on debt and the sale of equity is unsustainable. Now it must learn to sustain its growth with is own cash. One change that Palantir noted in its 2020 annual report was the expansion of sales staff to get their products to customers more quickly. Positive cash flows and a 70% increase in total customers prove the wisdom of this investment. + +In Palantir’s own words, they have no obvious competitors with the kind of product they offer. They claim their main competition is *the* *customer*, who may attempt to develop their own internal platforms. It’s possible that other tech giants could spawn a similar product line as what Palantir offers. Given the lengthy process of courtship in maturing new accounts, Palantir may prove cyclical in its growth trends. + +As technology continues to permeate society because more people are acquiring computers and because of the emerging Internet of Things, this means that there will be more data points that needs to structured, monitored, analyzed, and utilized for efficiency. Palantir, therefore, has a growing market for which it will be a leading provider of a platform that performs this very work. + +## Valuation + +* Growth Assumptions: 15% first 5 years; 10% second 5 +* **Intrinsic Value Per Share: $2.65** + I'm heavily invested in Ally financials, mainly because of their dividends and growing numbers. + +[There is a recent post](https://www.jika.io/post/4cee324c-73bb-11ed-8080-800130f952bc) about the fact that 60% of Ally's assets are concentrated in the auto market; this means 60% of the company's loans are to people who want to buy cars. + +My fear is that the recent interest hikes will destabilize the entire financial structure of the bank. + +What do you think? +Michael Burry, the star of the Big Short, bought first CDC options on May 02. 2005. He foresaw the housing crises and took the chance. +You know when he started selling? +2 years, 3months and 29 days later. That's 850 days of waiting, pressure, knowing he was right but being called a madman etc.. + +If you bought Jan 28. 2021, you are almost 70% of that way. About 590 days have passed. +You can do this + +This is my reminder + +Be patient + +Be kind + +Be like water + +D*cks out for Harambe! 🐒 + +Buy, hold, DRS 💎 ✋️ 🚀 +A bit of background, we are not a rich family, low-middle class, my parents are very hard working people and they are modest, when they told me they are saving money for me I thought it will be about 10,000$ which is still a lot olike f money to start your life with. + +I am cautious in general, and especially with money, and for this reason my parents decided to share with me how much they saved me over the years. + +40,000$ + +Wow. They told me they plan to give it all to me the moment I turn 18, and I will be respssonsible to managea it, they told me that it is everything they saved for me and there is no "extra" money, but if I want and I don't feel ready they can give me just some of the money now and the rest later. + +When I told them I want to keep some of it for higher-education they told me I don't have to. Because they decided that they will pay for mine and each of my siblings education (I know that Reddit assume that everyone is from the U.S. but in my country it's a lot cheaper, a bit bellow 5000$ a year to study). + +I decided I want to invest some of it, how much do you think I should? Where? Do you think I should invest at all? + +I don't know what to do, I know that just letting it rest in the bank is an option but I feel like it isn't the best option. + +Any advice? + +Edit: +I decided to join a free course in the Open university, the syllabus include basically overview of everything +(from what is a stock to mutual fund, ETF, ETN, Debentures, Elliot wave principle, local stock market and international stock markets, Value Investing, options, risk assessment, IRAs, the psychology of investing...) + +Additionally I am going to read a few books that I saw recommended in different subreddits +(The Bogleheads' Guide to Investing, The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing, The Little Book of Behavioral Investing: How not to be your own worst enemy, The Little Book That Still Beats the Market, A Random Walk Down Wall Street, Loaded: Money, Psychology, and How to Get Ahead without Leaving Your Values Behind, One Up On Wall Street: How To Use What You Already Know To Make Money In The Market) + +Beside educating myself on how to be more financially adept, what else should I do? (I'm probably not going to start investing until I finish the course) +You can see it all over reddit, twitter, youtube and any other social media. + +There are people that have been trading for a few months that don't even know how to read an income statement or what is market cap, that suddenly sell themselves as experts and do what they believe to be sohisticated securities and market analysis, when in reality they are just glancing at a few lines on a chart or some text they don't understand and using it to confirm their bias. They live in this populist made-up reality where the world owes them something because they are oppressed and they are convinced that they predicted a global financial collapse when in reality they are just being played by market makers and heavily indebted companies that are trying to save themselves raising capital by issuing new shares. + +Then there's the crypto blokes, that know blockchain so well they probably never actually used it. They can't even recognize that all these coins including the big ones have almost zero use cases. You think these tokens are really going to become money, even with scalability problems that have remained unsolved for decades and a market that is easily maniuplated by falsely backed stablecoins issuers and a few exchanges? Do you actually believe these charlatans when no serious economist has ever said anything good about it? + +Even the guys and gals that are supposed to teach the average user personal finance just follow this mantra of buying and holding NASDAQ ETFs like they're the holy grail of investing, even if we are almost at an historic all time high in terms of valuations, even if everybody has forgotten that stocks are risky: I would like to see these people deal with crashes like 2000, 2009 or even with something similar to Japan. But of course, intrinsic value doesn't matter, right? Trying to value a stock like a bond is for boomers, we'll have endless growth. Let's price in the next centuries of earnings into every EV company. + +I honestly have to think that there is a good part of people that don't actually believe the narrative and just goes along with it to speculate and sell his bags to a more naive investor. That's why everyone, -and I say EVERYONE **including institutions**\- scouts this website everyday just to find out what the next meme is going to be. "What's the next worthless thing retail's going to pump this week? Just so I can get quickly in and out before it collapses" ... since it's backed by zero fundamentals. It's a toxic and disgusting and opportunistic behaviour and it's a clear symptom of the presence of specuative fever in the markets. I'm not saying everything's necessairly a bubble, because prices could keep going up for years. But you have to recognize that animal spirits are through the roof. I can condone it, but at least I acknowledge it. +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! + +Hello everyone, first let me say THANK YOU. It is thanks to you that I finally, for the first time in my life, have control of my finances and can breath easier. I wanted to share my story in the hopes that someone else who was in a similar situation as me, might benefit from my experience. I will briefly describe how I raised my Transunion and Equifax scores from the 540s to the 720s in 4 months. Something that I did not think was possible. And it was all thanks to... + +https://www.reddit.com/r/personalfinance/comments/5lgh97/i_raised_my_credit_score_by_73_points_in_3_months/ + + +That subreddit. Seriously. I followed the advice in there to the letter, and it worked like magic. Here'es a bullet pointed version of exactly what I did: + +• Downloaded credit karma – saw that my score was 546 on Jan 15th (was crushed, but felt like I Was finally going to start taking control) + +• Got my full credit report and list of all accounts that had gone delinquent and/or into collections. + +• Called EVERY. SINGLE. ONE. First I disputed every account, and over HALF (50%) of them could not prove that the accounts were real and/or could not prove that they followed the law pertaining to the Fair Credit act, and removed the accounts from my credit report. + +• In 30 days my score had gone from 546 to 620! I was elated, and more determined than ever. I felt like I was on a mission at this point. + +• I applied for and was approved for a Capital One Secured Credit Card. It works like this – When your credit is so horrible that you cant get a real credit card to start boosting your credit, you get a secured card. Basically, you pay them $200 for a credit card with a $200 limit.. I put $40 on the card every month, and paid it off completely. + +• I paid off all of my credit card debt. + +• Of the delinquent and/or accounts that I had in collections that were NOT removed, I negotiated the debt down at every single one. I called them and basically said, “I don’t have enough money to pay my full debt, but I will give you X amount right now, (usually about half of what the debt was) to settle it and remove it from my report. They all had to get their manager’s approval, but every single one of these debt collectors accepted my offers. The way they look at it is like this – “We either get half, or nothing” + +• After 60 days I was up in the 680s… Couldn’t be happier. Then I did something that was not mentioned in the above subreddit.. + +• I signed up for a service that sends out letters written on your behalf demanding that they show proof and accuracy of the negative item on your credit report. Basically, you pay them a certain amount per month, and they send out attorney written letters to ALL credit reporting agencies, and debtors on your file, demanding that they prove they followed the law to the LETTER, and demand that if they cannot, then the record must be erased from my credit report. It’s basically a team of attornies and paralegals that work on behalf of their clients to remove delinquent and collections accounts from their credit reports. + +• Less than half of the remaining collections could prove that they followed the process, so they removed the collections from my account. + +• I then paid off the remaining 2 accounts (down from 17 accounts when I started this) + +• My credit score as of yesterday from both Transunion and Equifax is now 723. + +• I applied for a real credit card from Chase and was immediately approved for a credit card. + +And that’s my story! +TL;DR – Call all your debtors, negotiate the debts down. Get credit Karma, be religious about not going over 30% of credit card limit, get a secured credit card. + +Again, thank you everyone on here who helped make this possible, I really wouldn’t have been able to do it without you, and I mean that. Thank you. + + +Edit: One HUGE THING I forgot to mention... I called into my auto loan company and asked them to remove some late payments that were on my report. I had about 4 late payments that were 30+ days, and 2 that were 60+ days. I asked them to remove some, and they did. Overnight my credit score went up 22 points. + +Edit 2: WOW. Thanks everyone for the response. I have received many messages from people who we're in a similar experience as I was when I started this journey. Thank you so much for your comments and your messages. There are a couple of things I wanted to clear up however. + + +Some people have perceived this guide as "not ethical" in the way I removed accounts from my credit report. + +I don't care. You don't have to follow my advice I'm just sharing what I did, and it worked for me. I hold no moral obligation to pay third party debt collectors mountains of money with their fees tacked in. I just played the game and I won. Simple as that. You don't have to agree with how I did it, I just wanted to share what I did. + + +&#x200B; + +https://preview.redd.it/xsswlws4ol471.png?width=1600&format=png&auto=webp&s=558b04ade84e360e8b261b2920e4a1029234320b + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/b55a4qk6ol471.png?width=680&format=png&auto=webp&s=2c8631147372ac92efd6b5bebe97fcbf6296828e + +# You get a reverse repo, you get one, everyone gets one! + +&#x200B; + +https://preview.redd.it/kwcoif2lol471.png?width=640&format=png&auto=webp&s=a0ed060a09ae96513d640e101c23393c145a163d + +Reverse repo's have hit a all time high again for the 5th day in a row? + +I remember reading there was a 500 B maximum or 80 B per participant max, but then again what is 4 trillion split among friends right? + +Also because there seems to be some misinformation regarding repo's lets check it real quick + +*In a macro example of RRPs, the Federal Reserve Bank (Fed) uses repos and RRPs in order to provide stability in lending markets through open market operations (OMO). The RRP transaction is used* ***less*** *often than a repo by the Fed, as a repo puts money into the banking system when it is short, whereas an RRP borrows money from the system when there is too much liquidity. The Fed conducts RRPs in order to maintain long-term monetary policy and ensure capital liquidity levels in the market.* + +Source: [https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp](https://www.investopedia.com/terms/r/reverserepurchaseagreement.asp) + +A lot of people here seem to think that the fed is lending the hedgefunds money but this time its the other way around, the feds are the ones taking money and not lending it, but again seeing that it has a 0.0% award (no motivation for the others to participate) I believe they are "parking" money there because there is nothing out there that's a better spot. + +Seeing a lot of people (like big brain Dr. Michael Burrrrrry) believe there is a huge market crash coming, it may be one of the better places to park your money because even if the rest of the market goes bust, the government (fed) will still have most of your money, so the reverse repo could in theory be used as a hedge against a market crash. + +(or as I believe may be the problem, hedgefunds like Citadel going bust would cause a "contagion" effect once they go bust, resulting in an overall market crash) + +&#x200B; + +&#x200B; + +[thanks to u\/Shiba\_me\_timbers ](https://preview.redd.it/btg538upql471.png?width=855&format=png&auto=webp&s=31c37a5ae0d163bcfee15ef33c6aa6b5ba8afbf9) + +# New fair value for the stonk + +Morning star has released their new "fair value" estimation for the stock. + +it currently sits at 315.98 usd per share, meaning that by todays estimates of the stock (current price is 231.80) is heavily underpriced. + +But that dip yesterday... hmmm gme said they may offer 5 million more shares right ? and the float was 70.7 million shares + +**Addendum:** + +it seems that the ortex data picture was debunked so I've removed it, as we can not confirm this is indeed a share offering or not (the filing is worded in a way that they reserve the right to do so and this is very normal for any annual meeting docs, then we don't know if and when they will be offered) so the next segment will be crossed out as I no longer believe these parts to be correct + +~~Seems GME has added 3.57 million shares yesterday, meaning that today they can offer another 1.43 million shares, we get a massive dip and most likely see it rebound back to (at least) the minimum fair value.~~ + +And I'm currently still going through the filings from the annual shareholder meeting, but this would give them over a billion dollars extra bringing up their cash in hand to almost two billion usd. they could use that money for an extremely big variety of reasons, they can buy other companies, they can expand in certain areas they're not currently in or even pay for a special dividend + +filing that seems to be connected to this: [https://www.sec.gov/Archives/edgar/data/1326380/000119312521186802/d34311dex51.htm](https://www.sec.gov/Archives/edgar/data/1326380/000119312521186802/d34311dex51.htm) + +One thing that I also believe that may be an option as of right now but is extremely tinfoilling hard. + +Currently RC owns 12% and had a deal with the old board that he wouldn't buy more then 20%, perhaps with the new board in place his deal gets changed and he can buy more than the originally agreed 20%, or with the new share offering he can buy those and get up to the 20% mark and not be in breach of the contract. + +Again that last part is pure speculation on my end and have nothing to back that up with. + +&#x200B; + +https://preview.redd.it/9hnrxszksl471.png?width=600&format=png&auto=webp&s=dac32185118bf43ea270fe72c60424c5a2d004f0 + +our in house exponential floor guy u/JTH1 has been doing a chart for some time now and god damn it holds up... + +https://preview.redd.it/7blmqibrsl471.png?width=640&format=png&auto=webp&s=2637348278dd874bea3a6dc114c6effdca595577 + +in his own words: + +**06/10 UPDATE: Broke the log-floor by \~1% ( \~5% in linear price scale ). I'd say that's within the reasonable margin of error for an equation I eyeballed \~4 weeks ago,** + +he originally made this weeks ago and posted [here](https://www.reddit.com/r/Superstonk/comments/ng2uzn/exponentially_increasing_floor_confirmed/) on how the floor is linear and exponential and other smart brain talk but, seeing he eyeballed this motherfucker 4 weeks in advance within a <1% margin of error... he may be the most wrinkly log ape we have here. + +&#x200B; + +https://preview.redd.it/runh2auqtl471.png?width=860&format=png&auto=webp&s=bb2a62fb4300e7c9a96772b2e8a0ee153404e7e7 + +# Melvin loses more paper... again + +[https://www.ft.com/content/ca1090ba-c3aa-446c-8406-7ce0e01bb510](https://www.ft.com/content/ca1090ba-c3aa-446c-8406-7ce0e01bb510) + +Remember until they close out their positions all these losses you hear about are losses on paper alone. + +# + +# Looks like the SEC finally has a porn blocker + +[https://twitter.com/domocapital/status/1403071172141531138?s=27](https://twitter.com/domocapital/status/1403071172141531138?s=27) + +"At a Wall Street Journal conference earlier this week, Gensler said that the agency was looking at how an increasing proportion of trading occurs off exchanges, on platforms run by high-frequency traders." Now we know where Gary gets his DD: r/Superstonk + +Rememeber that 10Q filing ? + +[https://gamestop.gcs-web.com/node/18951/html](https://gamestop.gcs-web.com/node/18951/html) + +&#x200B; + +>On May 26, 2021, we received a request from the Staff of the SEC for the voluntary production of documents and information concerning a SEC investigation into the trading activity in our securities and the securities of other companies. We are in the process of reviewing the request and producing the requested documents and intend to cooperate fully with the SEC Staff regarding this matter. This inquiry is not expected to adversely impact us. + +&#x200B; + +&#x200B; + +https://preview.redd.it/0ovnjmrmul471.png?width=480&format=png&auto=webp&s=3367ab839ebf5b50ba5d72f358001f1bbb181b4f + +# Inflation is up once more + +[https://www.theguardian.com/business/live/2021/jun/10/markets-us-inflation-european-central-bank-meeting-ftse-sterling-covid-uk-economy-bt-altice-business-live](https://www.theguardian.com/business/live/2021/jun/10/markets-us-inflation-european-central-bank-meeting-ftse-sterling-covid-uk-economy-bt-altice-business-live) + +&#x200B; + +And remember everyone the weekend is upon us, go outside have some fun, there is no need to fight the trolls/shills here in the weekend ;) + +go and have some fun + +&#x200B; + +https://preview.redd.it/6prxhq2mvl471.png?width=554&format=png&auto=webp&s=c5a5fd40d4f3afbfec73b0fd314071129690adac + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/z5pmcmgovl471.png?width=400&format=png&auto=webp&s=51f5c8819f388d55b47f218bada2e3890851b2be + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit: AnnulationGod's daily tracking of the volume + +https://preview.redd.it/soyiftgpwl471.png?width=4096&format=png&auto=webp&s=20670783d1265620d677c4034e2404bf33ced9cc + +Edit 2: + +Due to a mix up on my part earlier (i included an Ortex image which was debunked) there have been some posts about the amount of shares + +**Credits:** [u/karasuuchiha](https://www.reddit.com/u/karasuuchiha/) + +>Edit: I want to be clear the dip can be both the ETF Shorting and a Gamestop Offering, but 🦍s wouldn't find out until well later during a quarterly report or announcement if Gamestop sells any shares. +From an 🦍, the increase is from shares for the CEO and CFO, Shares sold from the offering won't be shown if any have been sold , atm we only know of Kenny doing the dip via ETFs and Mayo. +Extra Data: +The 71.9 (estimation so 71.8) Million shares is also in Gamestops 2021 Financial News Release +"On April 26, 2021, the Company announced it raised approximately $551.7 million in net proceeds through the issuance of 3.5 million shares of common stock under its “at-the-market” equity offering program, resulting in total shares outstanding of approximately 71.9 million." + +**Credits:** [u/hudnetj23](https://www.reddit.com/u/hudnetj23/) + +>The part about the offering seems wrong. I don't know how to raise awareness about this other than commenting. I wrote you a message fering. The shares outstanding was 74.2718 but they recently restricted 2.436M shares which I presume to be for the CEO, CFO and Board members. +Per Prospectus "The number of shares of our common stock to be outstanding immediately after this offering is based on 71,815,131 shares of our common stock outstanding as of June 1, 2021, including 2,435,881 shares of restricted common stock which are subject to forfeiture or our right of repurchase as of such date." +"Common stock to be outstanding: Up to 76,815,131 shares (as more fully described in the notes following this table), assuming sales of 5,000,000 shares of our common stock in this offering." +Source: sec.report and my bloomberg terminal. We won't know once the ATM offering is complete until they file with the SEC + +Thank you guys for giving feedback so fast and making sure we keep the info accurate + +Team work makes the dream work! Thank you! +A friend of mine FIRED after very successful investments and inheritance. He was completely out of the corporate rat race for almost 5 years but then decided he wanted to return to his previous career. + +No one would touch him. He was not marketable in today's workplace. Employers wanted current work experience and professional references. They wanted someone who was hungry to move ahead and is highly ambitious. They did not believe someone so young should be out of the workforce for almost five years and assumed he was hiding a job he failed at. + +Do you think this is a common experience for someone who has FatFired and then tried to get back into the rat race? +As of writing this, TSLA has gone up another 14% today, bringing its one month gain to over 89%. This is crazy to me, but it's still pretty fun to watch it go up. I wouldn't be surprised if TSLA hit $2000 this week if earnings are positive. Thoughts? Will TSLA ever go back down under $1000? + +(Edit: of course after posting this, the price fell and is now only up about 1% on the day) +Everyone's know of the Trust me Bro from Thabat, and now we're making fun of him. He told us about Cellar boxing and now he came out to give us a personal experience which he clearly stated, believe it or not on his own, and we give him shit for it? Don't believe it, don't upvote it, if that's the sentiment. Some guy trying to buy on a Sunday is alright with the sub, but let's bash on someone who had nothing to gain, and is already recognized? + +Attobit was pushed away for being anti-GME allegedly, because that sub said so. Criand was pushed out because he said options will hurt hedge fucks. Even our "Queen Kong" doesn't care about this sub. The DD is solid. We know MOASS is inevitable. This sub always seems sus after a few months. After the runic glory days, it seemed like we were heading in the right direction, but for some reason we are always falling back to claiming FUD. + +We just need to hodl. Stop believing every top post has a hidden agenda. If it's enough to be at the top, it motivates people. I used to love the days when ButtFarm had a meme at the top. I'm an autistic retard at heart. When I bought in back in September of 2020, I followed DFV. The memes were great, and we laugh at MSM. Now all we do is try and justify each post. I already know this in itself is coming. + +I always wanted to have a drink on the moon with every single one of you who hedl next to me. Honestly, now I'd rather cheers to DFV, and Ryan Cohen for the experience in the comfort of my own home. To all the DD writers, thank you. + +EDIT: Well, shit. I expected downvotes and self harm bots messaging me. I said what I said, and karma didn't matter to me. I'm glad to know there are others that feel the same and appreciate all the DD we've been given. Upvote or downvote. Make your own decisions, we are all individual investors. Divide and conquer is all they have, MSM has no influence over us. We can be our own enemies if we allow it. +[https://www.news.com.au/finance/real-estate/selling/were-back-baby-stressed-auctioneer-says-market-is-settling-but-slams-bottom-feeders/news-story/c4e5feeb467ad84b21517c154fee0977](https://www.news.com.au/finance/real-estate/selling/were-back-baby-stressed-auctioneer-says-market-is-settling-but-slams-bottom-feeders/news-story/c4e5feeb467ad84b21517c154fee0977) + +But Mr Panos blasted “bottom feeders” offering 50 per cent of the value of the home, declaring that even when the market goes down, “it doesn’t mean a home halves in value”. + +Is this WMR 😂 +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. + +*** + +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! + + +[Dollar Crash ](https://www.google.co.in/amp/s/markets.businessinsider.com/amp/news/dollar-crash-swelling-deficit-deglobalization-stephen-roach-coronavirus-stimulus-recession-2020-6-1029312845) + +1. Do you think the dollar will eventually crash? + +2. How can we as retail investor take advantage of it? + +3. Is investing SIP in Motilal S&P and Nasdaq a good option or should we stop it temporarily? + +[Dollar Crash ](https://www.google.co.in/amp/s/markets.businessinsider.com/amp/news/dollar-crash-swelling-deficit-deglobalization-stephen-roach-coronavirus-stimulus-recession-2020-6-1029312845) + +1. Do you think the dollar will eventually crash? + +2. How can we as retail investor take advantage of it? + +3. Is investing SIP in Motilal S&P and Nasdaq a good option or should we stop it temporarily? +This is the clear example of hypocrisy at its finest! Seven month before their CEO Noel Quinn publicly announced that HSBC will not be offering any services related to Bitcoin and crypto entirely to its users and linked his decision to the "lack of transparency" and high volatility in the cryptocurrency industry. As per Quinn, it is impossible for an agency to tell who owns the crypto, and hence everything depends on whether the holders can be "trusted in regard to market integrity." + +And yesterday karma hit them back, the same fucking swindlers are fined £64m for anti-money laundering failings. Actually, initially they were fined for £91m though since HSBC not disputed the findings and agreed to settle it was cut down to £63.9m. HSBC's failings cover a period of eight years, from 2010 to 2018, the FCA said. + +[**The FCA's report into HSBC**](https://www.fca.org.uk/publication/decision-notices/hsbc-bank-plc.pdf) cites examples of poor controls, including failing to spot suspicious activity on the account of a construction director who also played a leading role in a criminal gang trying to steal millions of pounds by setting up fake companies. The person pleaded guilty to VAT fraud and went to prison. HSBC also failed to detect a customer imprisoned for smuggling cigarettes into the UK and ordered to pay £1.2m by the HMRC tax office, where the bank missed "a sustained period of unusual activity," the FCA said. + + +For those who did not know, in 2012 after an investigation by the US Department of Justice the same bank paid $1.9bn fine (£1.4bn) for laundering money of Mexican drug cartels, circumventing the rules designed to prevent dealings with Iran, Burma, North Korea and being financed by terrorists from Middle East. + +So dump fucking HSBC shares if you have any and buy crypto and if you wonder, yeah this is financial advice. +A good day/night to all reading here 🥰 + +Aurum looks like it is constantly evolving and making improvements, so let's have a look what they have up their sleeve currently! + +During the last weeks Solidity Finance have been checking the Aurum smart contract and apparently have found some areas for optimisation and improvement. You all know however that once a smart contract is launched you cannot simply take it offline temporarily to make some amendments. + +Since Aurum has several upcoming events however: + +* Partnership with a top 20 (marketcap) crypto project +* Partnership with & listing on Apeswap (45% of LP); 35% of LP remains on PCS, 20% goes to development, marketing, operations and buybacks +* New web site with integrated DApp (dashboard with lots of info, used also to claim and change reward tokens) +* Open beta of the secure wallet imminent (after initial review and corrections by Google) as a Chrome browser extension; there will be several test phases, after which and iOS and an Android wallet app will be released + +the Aurum team saw this as a perfect opportunity to not only implement the recommendations Solidity Finance made but to also further improve the security of their investors by upgrading the entire Aurum contract! + +So an upgrade has been prepared, which in my honest opinion, is a very elegant and future-proof solution! How will this upgrade take place? What are the changes? Why where they made? Let's take a closer look: + +(1) LOWER SUPPLY & MIGRATION + +* the total token supply will be lowered from a Safemoon style 1 Quadrillion to a utility coin style amount of 1 Billion $AUR tokens... the NAME and the TICKER remain unchanged! +* every holder of Aurum will be airdropped his new $AUR tokens in the ratio of 1:1.000.000 with no minimum holding requirements +* the only action holders have to take will be to add the address of the upgraded contract to their private wallet (or for that matter: to the soon to be launched Aurum Secure Wallet!) +* a pleasant side-effect is that the value of $AUR 1 has the potential of reaching $1... ; when we apply the recalculation to the current market price we arrive at $AUR 1 = $ 0.0036, so less than 300x is needed to reach $1, giving a market cap of under $ 700.000.000. For a utility token with several first class products in the pipeline this is entirely feasible, not necessarily this month, yet towards end of 2021 we might see some big movement still and target might be reached in 2022 (which is NOT financial advice in any way, DYOR) + +(2) REDUCED & DYNAMIC TAXES + +* rewards tokenomics taxes will be lowered to 10%, coming from a very high resp. 15,8/15% buy/sell tax +* this will bring taxes closer to that of a utility token and to draw in investors who may have been discouraged by the previously higher taxes +* distribution: 5% Rewards, 4% Marketing & Operations, 1% Liquidity and 0% Buyback +* the taxes of the upgraded contract are dynamic and the above split can be adjusted as necessary in order to allow to respond to the conditions of the market and the needs of the project + +(3) REDUCED GAS FEES + +* tokenless dividend tracker to reduce gas costs, which brings up to 50% more efficiency to trading and receiving rewards + +(4) LOWER THRESHOLD + +* the minimum threshold to earn rewards will be lowered by 90%, meaning that for the airdropped token the minimum required amount to hold will be a mere AUR 1000, instead of AUR 11B in the current system... this is a huge bonus for smaller holders, who can now also start earning sooner + +The upgraded contract has already been submitted to Solidity Finance and the results are expected by the end of the week, after which they will proceed with ApeSwap listing and LP migration. + +Aurum is also featured on BitMart, where the token will be relisted with auto airdrops being handled. + +THE FUTURE + +Aurum is also developing a secure web browser, which is scheduled for beta release in Q1 2022, which will apparently integrate the secure wallet extension, whilst providing several layers of protection, in order to protect investors from scams, rugpulls and malicious dapps. + +A very exciting development, which I will follow very closely, is what is called Aurum HQ, which according to the limited info that I could look into at the moment, is a virtual 3D environment including the whole Aurum experience: wallet activities, NFT showcasing, charting, virtual assistant! + +I hope to have aroused your curiosity to take a closer look at this token which started out as something completely different than a utility token back in April 2021, and which has apparently managed to survive the hectic and destructive market movements of the past months. + +Why don't you find out more from the team themselves on their official Telegram channel: + +[https://t.me/AurOfficial](https://t.me/AurOfficial) +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). +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) +$100XCoin The Meme Coin that turned out to be something more. Formally 100XElo with upgraded tokenomics to fend off bots and decrease major price swings. + +This coin started off as a meme coin, shit coin whatever you would like to call it. Once Ken The Crypto saw the community backing this project he decided to put his own career on and assemble a full team for this project. We’re not talking Dev’s who can just copy & past a safemoon contract and use photoshop nor marketers who pay for a $5000.00 Tik Toker to shovel out a 10 second video. + +The dev team has completed a custom contract to combat bots and large price fluctuations. This is not just some shit coin fork of another shit coin. + +Tokenomics + +7% transaction fee on all sales, purchases, and transfers + +• 3.5% burn + +• 2% liquidity pool generation + +• 1.5% marketing & development allocation + +How does this stop bots? One of the tokenomic upgrades was a blacklist feature where any suspicious trading is hit with heavy taxes/fees and cut off from trading this coin all together. + +You said something about price fluctuations? Yes, one of the better functions of this contract is there is no reflection back to holders. At first you may think this is bullshit but while you are getting free coins others are taking those free coins and dumping back onto the market. Instead 100X deploys a 2% liquidity tax. Eventually we are all going to want to sell or take some profits at some point, right? Well without liquidity you cannot do that. Emphasizing liquidity build not only decrease the price swings when a larger wallet wants to help but it also ensures there will be enough for you to sell if you ever want to (hodl to 100billion market cap). Plus, large exchanges expect a ton of liquidity upfront for listings. You won’t be paper rich with this coin; you’ll just be filthy rich. + +A dev & marketing tax what is that? This is much easier to explain, do you want to crowd fund for days/weeks for all your listings or advertising? No? Me either. Its also nice to mention that whenever this wallet is used all transactions & their uses are posted in the general chat. + +Marketing Achievements + +Tik Tok Video from Broke Neck Redneck (1million followers) + +First BSC Coin to Sponsor a NFL Player + +Youtube campaign where 100 Youtubers will promote this project + +The April Roadmap (How’d they do?) + +\-Influencer Campaigns + +\-Strategic partnerships + +\-Listing on Blockfolio, CMC, Coingecko + +I would say they knocked this out of the parked. They have had plenty of Youtube, Tik Tok videos, and tweets from influencers with large followings. The sponsoring a NFL was completely out of left field, haven’t seen that done by a coin not named Bitcoin. Not only have they been listed on CMC & CG but they just got listed on BKEX and have Probit coming up Friday. That is TWO exchanges in a week!!!! + +So why do I think this coin will go to 1 Billion market cap (mostly like even more but well be conservative)? See above the team puts a statement or goal forward and they complete it. I like the transparency and honesty of this project and that’s why I will ride it to 1 bil. + +You know when people say get in this coin! You are early! Well in this case you are extremely fucking early. This coin is sitting around 30-35 million market cap but the 100X team has a target set for 1 billion market cap. That is a 33X from where it sits now. Wouldn’t we all like to turn $100 into $3,300, $1,000 in $33,000 or for the hell of it $10,000 into $330,000? + +Why is this coin different from other coins? It is not a “community driven, ownership renounced, LP burned” crapshoot there is a face to this project who happens to be a known Crypto Youtuber and a team full of devs/marketers backing him. They are not just in it for the pumps they are building the ground for a long, long future for this project. + +Oh I don’t know if the 100X community will get mad about this extra part I’m putting in, but KuKoin is on the table for the end of May. + +1 Bil is inevitable. + +💻 Website: [https://www.100xcoin.io](https://www.100xcoin.io/) (Telegram link at Bottom) + +&#x200B; + +🦉Twitter: [https://mobile.twitter.](https://mobile.twitter.com/100XCoin_) +Hi guys + +Been seeing what the best, most efficient and laziest way to get exposure to crypto with lower risk. I've thought of an idea to cost average a set amount per month, eg £100, and invest it proportional to the relative market cap of a crypto in the top 10. For example at the moment if BTC is 55% (roughly) of the market cap of the top 10 cryptos, I would invest £55 in that. Obviously this would change on a monthly basis, based on crypto values and cryptos that make it into the top 10. It's quite a crude attempt at a crypto "index" fund, but for long term crypto exposure is it relatively sound thinking? + +Cheers +Full disclosure, Avacta (LON:AVCT) is my largest holding. And rightly so, in my opinion it has potential to be one of the most promising biotech plays over the next decade. I rarely see any discussion about here on Reddit, so figured I'd do a quick write up to share why I think this. + +**Who is Avacta?** + +Listed on AIM, Avacta is a biotech company based in West Yorkshire. At the core of the business is it's proprietary technology, the Affimer® and pre|CISION™ platforms. + +Spotlight was on Avacta last year following the announcement of their Covid-19 Lateral Flow Antigen Test, however delays since the announcement last Spring and vaccine news hampered the price a bit, but excitement is back on the table following recent news flow and the government preparing to roll out mass testing to the public. On top of this, Avacta is an excellent cancer play with their tumour targeting precision therapy AVA6000, and subsequently in my eyes the real money, Affimer® and pre|CISION™ platforms. + +I'll explain these 3 below: + +**Covid-19 Lateral Flow Tests (This is where short term excitement is)** + +***What is a Lateral Flow Test?*** + +These are quick tests you may have read about in the news, as the ones that give results in 15 mins. With Avacta, this involves an anterior nasal swab sample (not a brain tickler sample) being applied to a lateral flow test device, where the sample reacts with reagent, effectively changing colours on positive result. Simplest way to imagine this is similar to those Litmus Paper tests you might have done in school. Except it's housed in a device you can use at home. + +Currently, the primary method of testing is called reverse transcription polymerase chain reaction (RT-PCR). PCR testing takes a few hours and requires professionals to take the sample and process them. PCR tests, test for genetic material (RNA) which can be detected early in the body, whilst you are infectious, and during recovery (i.e. you still have Covid, but are not infectious), generating a positive result through all these stages. + +Lateral Flow Antigen Tests provide results in around 15 minutes, and can be self administered, at home, at work, at events etc... The test however isn't testing for genetic material, instead it is testing for antigens which can tell us when you are most infectious. The benefit to this is that it will greatly reduce the number of people needing to unnecessarily self-isolate after testing positive on a PCR, but testing negative on a LFT (i.e. you still have Covid, but are not infectious) + +The issue to date has been that Lateral Flow tests simply aren't accurate enough for mass testing, just being 1% wrong on a 66 million UK population affects 660,000 people, with a lot of these tests being highly criticised in the media/scientists. The Innova test for example (which the government currently has stockpiles of) has an overall sensitivity of 76.8%, and overall specificity of the test was reported as 99.68%. + +Step in Avacta, their Lateral Flow Test announced clinical results yesterday demonstrating a sensitivity of 96.7%, and specificity of 100%, what more this was based on samples with a Ct value below 26 which is the sweet spot we've been looking for on infectiousness. These results are very favourable compared to previous studies, showing that Avacta truly have developed the gold standard for Covid-19 testing. + +Next steps are to complete full clinical validation and CE mark so they can bring the test in Europe around the end of Q1 2021. + +What is unique to Avacta’s test, that no one else will be able to replicate, is the type of reagent used. In this case, Avactas reagent is known as Affimer, which Avacta own the IP to. + +Timing could not be more perfect with the government set to lay out it's plan to end lockdown through mass testing (lateral flow based testing), even the papers today have leaked the next slogan - "Get ready, get testing, go" + +I believe that Avacta is playing a critically central role in the government plans for ending lockdown, and are exactly what BoJo has been looking for when he's been babbling on about when he wants a sovereign test. I have no doubt that Avacta will probably sell every single test they make in what is a multi-billion pound market which isn't going anywhere. + +**Cancer Therapy (This is where medium term excitement is)** + +Avacta is looking to start in the UK Phase 1 studies on it’s targeted chemotherapy drug, AVA6000. + +Doxorubicin is a commonly used chemotherapy drug that comes with unpleasant side effects. I won’t go into too much details but in layman terms it’s effectively a destructive drug, designed to destroy tumours, but it hurts the body in the process. Regardless, it still stands as one of the most commonly used and effective treatments for cancer, including Leukaemia and Hodgkin’s Lymphoma among several other types. + +Avacta has taken Doxorubicin, and modified it to become AVA6000. This modification is achieved using Avacta’s pre|CISION™ platform which renders the drug inactive in the circulation until it enters the tumour. It’s activated within the tumour by an enzyme called fibroblast activation protein (FAP) which is in high abundance in most solid tumours but not in healthy tissue such as the heart. + +AVA6000 has been shown to significantly increase the amount of active drug in a tumour compared with the heart and should thereby improve tolerability and achieve better clinical outcomes for patients. + +**Affimer**® **and pre|CISION**™ **(This is why this is a long term hold)** + +This is where the big money is. Avacta own the IP to both Affimer and pre|CISION. + +The idea is, that if either or both of these platforms are successful then Avacta can easily achieve a multi-billion valuation. + +Success is already beginning to be seen with Affimers via their Covid-19 diagnostics, opening the door to many more future applications. If the AVA6000 study shows that the pre|CISION chemistry is effective in reducing systemic toxicity of Doxorubicin in humans, then it can be applied to a range of other established chemotherapies to improve their safety and efficacy. + +I've been holding 20,000 shares since last Spring, and intend to hold for the next decade+ + +Edit: Typo + +Share Price at Time of Post: 187p +I am hoping for some advice from all you fine planners on how to get my family's financial future in order. + +I am a 38M married to a 29F with a baby on the way. To my ever-growing shame, I've never given much thought to retirement and I always thought saving for it was for people whose companies offered 401Ks (mine never have). For a long time, it was always the next thing I had to deal with but never got around to. Now with a baby on the way and the possibility of my wife living 20 years longer than me I am trying to get my ass in gear and my ducks in a row. + +My wife and I have a combined income of 65-70,000 with the possibility of doubling that in 2-3 years (returning to school for nursing). We have no debt atm but also very few real assets to speak of. No house and only about $12,000 in a Roth IRA invested in an S&P Index Fund. We have about 2,000 in a savings account for an emergency fund and another 10,000 in a checking account. My wife's work will offer her a 401a in a year but nothing there yet. Should we be investing what little we have in a different way? What are the priorities for getting on track? Is it too late to build a comfortable retirement for my wife and me? How can I reasonably make up for lost time? Is it still possible to contribute to my kid's college? + +TIA to anyone willing to give me advice. I know I've got so much to learn still but I'm desperate to do right. + + +EDIT:Wow! Thanks, everyone for weighing in. You all are giving me hope that it's still manageable. There's so much great advice here and while there is lots of work to do to get where we want to be, just being able to see a path forward takes away a lot of stress. +All of the news articles are inflammatory - “House Sales Plummet”, “Real Estate Recession Imminent”, “Sellers Strike”, etc. + +Why is this headline news? It’s seems like such a “duh” moment. + +Rates go up astronomically. People don’t want to buy because the rates are too high. People don’t want to sell because where would they go, and why would they want to lose all that equity? + +Volume gradually increases and prices come down as available inventory hits the market. + +My question is: is this really an effort to cool the demand for all goods by curbing credit purchases, or is this something else? It feels like blatant market manipulation. Granted, I’m too stupid to understand it all. + +Real estate gets bought up, inventory decreases; prices skyrocket. Rates go up, prices go down, people default, and prices adjust. + +The only folks that seem stand to benefit are those that have the capital to purchase sans loan. + +Lather. Rinse. Repeat. Am I missing something here? It can’t be this far from subtle, right? +Alphabet is following Apple on regulations towards data tracking on their devices , now going for a K.O. punch on businesses that rely on targeted ads for their revenue. Lately after the earnings call Meta said they lost about $10B on revenue due to Apple's data tracking changes on the recent IOS update. +Who knows how much of their revenue would be lost if Google made the same changes on Android? +It would be devastating for Facebook's and Instagram's business model. +Also accounting TikTok as the strongest competitor for people's time , maybe FB is overvalued at today's valuation? + +Almost 95% of people with access to the internet (Outside of China) being users of one of Meta's Family of Apps we can say they have the biggest moat, which also means they only have to lose users at this point or grow at a really low rate. +Their business is targeted ads , every other social media also uses targeted ads. +If Apple and Google make it so the individual user of said social medias can control how their data is tracked or not at all then every social media company loses the ability to sell targeted ads. + + +The worst happens and 0 ads are now targeted to the right audience reducing the cost of these ads. + + + Snapchat , Twitter ,TikTok ,Instagram ,Facebook and Google also lose a chunk of their revenue. +Even tho Google would be the least effected it still would hurt their top line on search unless they change their ad structure like they responded to Apple's regulations. +Platforms like Snapchat would be so unprofitable at this point they would risk bankruptcy. + + +Facebook and Instagram would still be profitable but just a fraction of what they are right now , but gain most of the time of the users of platforms such as Snap or Twitter down the line , it would be hard for Meta as a company to go bankrupt at this point with such low debt and huge Moat. Also there is the probability they change their ad structure so that the inability to provide targeted ads to business wouldn't be a huge loss. Also the huge investments Meta is making towards the VR/AR industry could pay off in the end but lets consider it absolutely fails. + + +Facebook and Instagram would still be the biggest social media platforms and the barriers to create another social media to compete would be so steep due to data tracking regulations , and their moat would just increase because their competitors would suffer way more. + +TL;DR + +Meta is just too big and is positioned really well they can even afford to burn money on R&D and any regulation on data tracking would hurt their competitors more than it would hurt them. + + +Disclaimer + +I'm a bag holder and hugely biased , don't make financial decisions based on what you read on Reddit before you do your own DD. + I’m 32, NW $10.5M. (Throwaway) + +Spent my 20’s grinding and building businesses. Had a couple of failures and had 2 successful exits by 30. Burnt myself out, took a couple of years finding the next opportunity and doing some investing. Working on a new venture now, but not feeling super excited or motivated, even though it is taking off. + +I didn’t really get to enjoy my 20’s, and now I’m at the age where all my friends are getting married and having kids. I’m in a great relationship, but she works all day and I end up spending my days working out and working on the business. + +My goal was always to get to $10M, and now that I’m here, I’m feeling disillusioned, a bit lost, isolated and overwhelmed with options. + +What would you do if you were me? Find hobbies? Keep building companies? Volunteer more? Travel aimlessly? Take ayahuasca? :) + +Thanks FF! +Hey guys pdwp90 here, founder of [Quiver Quantitative](https://www.quiverquant.com/) for those of you who don't know me by Reddit tag. + +This report is primarily comprised of "alternative data" which can be loosely thought of as data that comes from outside of traditional sources like earnings reports. The reason this type of data gets me so jacked is because it's data that retail investors (you guys) often have an edge over Wall Street in interpreting. + +Sadly, it has also been largely inaccessible to normal people in the past as providers usually charge thousands of dollars a month for any sort of access to their data, making it only available to hedge funds and other institutional investors. That's what motivated me to start collecting this data myself, to make it available to those who can't afford to another $10k a year bill. + +So without further ado, here's the inaugural u/pdwp90 alternative data report + +# [Twitter](https://www.quiverquant.com/sources/twitter) + +GameStop's corporate twitter account has had a .17% gain in followers in the last day (#14 of 842 companies tracked), a 2.06% gain over the last week (#6 of 842), and a 6.69% gain over the last month (#11 of 182) + +Here's a graph of the twitter following of GameStop Corporate (@gamestopcorp) over time: + +[GameStop Corporate Twitter following over time](https://preview.redd.it/z94s8qbcpkr61.png?width=1586&format=png&auto=webp&s=fc726f9f214a05261feed7373f18e471f15ab080) + +# [Off-Exchange Activity](https://www.quiverquant.com/offexchange/GME) + +Yesterday, 5.13 million shares of GME were traded off-exchange and 2.48 million of those shares were sold short, giving GME a DPI of approximately .48. Below is a graph of the cumulative net off-exchange short volume since 2010: + +[$GME cumulative net OTC short volume](https://preview.redd.it/gsbjbe48nkr61.png?width=1322&format=png&auto=webp&s=e34cbae8ae0d6843b766d0987e468dfc0d458ec0) + +# [Wikipedia](https://www.quiverquant.com/sources/wikipedia/GME) + +GameStop's wikipedia page has been viewed 37.6k times this week, making it the 11th most viewed company page out of the 1342 that I track. + +# [WSB Discussion](https://www.quiverquant.com/sources/wallstreetbets/gme) + +I know that this might ruffle some feathers in this community, but I put a lot of precaution into ensuring the data is protected from the effects of manipulation and moderation. The reason for using WSB is that it has years of historical data which allow for better analysis and modeling. + +Yesterday, GME was mentioned 895 times on WallStreetBets daily discussion threads, making it the most talked about stock on the sub. + +The discussion around $GME has a sentiment score of .576, which is the highest it's been since late January. + +# [Insider Trading](https://www.quiverquant.com/dashboard/GME/) + +"Insider trading" used in this context just means trading reported by company insiders, not the illegal trading. Over the last 6 months, GameStop's directors and management have bought 2.79M shares of $GME and sold 226k. + +# [Trading by US Congressmen](https://www.quiverquant.com/sources/senatetrading) + +There haven't been any trades of $GME in the last week by congressmen. + +&#x200B; + +Disclaimer: This is not financial advice. + +# +Greetings, all. + +I traveled to Pensacola this past week and a highlight of my trip was spending time with Jason King of Sean's Outpost. Besides being a right affable fellow, the work that he is doing is commendable and deserving of our support. He welcomed me into his world for one afternoon to show me what Bitcoin is able to do... and that it is "real". + +He took me to the Bitcoin Homeless Outreach Center (BITHOC) where food for meals is stored/prepared. He took me to the workshop where structures were actively being built to provide shelter. He showed me one of the parks where 4 cold meals and 3 hot meals are served by Sean's Outpost every week. He spent part of that day like he does most days: delivering lunches to gathering spots for the homeless. + +He spoke of the difficulty specific to Pensacola, where there are 30 beds available to shelter 1,000 homeless people. We talked about the archaic, backwards laws that have been created there. Laws which make it basically illegal to be homeless. With the coming winter, many of them will have to choose between sleeping uncovered, without a tent, or running afoul of the law and heading to jail. + +If you can give as little as a bitcent, it means a meal to a person. It is a rewarding experience and one of the best things you can do to help fellow man (with Bitcoin). + +One of the things I left with is the oft-forgotten understanding that these homeless people are human beings, not objects, not clients, not customers. People. Many of them are veterans. Many of them want to work. Many of them are good people, who have fallen on rough times. + +The coolest part?... I can't discuss. But watch this space for an announcement. I can't believe what plans have been put into action and look forward to them being shared. I couldn't stop thinking about it for days afterwards. Can't wait. And holy shit. + +Sean's Outpost makes the Bitcoin community proud. + +Sean's Outpost makes a difference in people's lives on a daily basis. + +Jason King has committed himself, many friends and his family to this outreach. His kids help and now know Bitcoin. His wife deserves accolades. While I was with him, he gave much credit to her. + +I am glad to have met him, consider him a friend, and I look forward to our next meeting. + +Lastly... if you have ever thought about donating to Sean's Outpost, I would encourage it. In fact... I will match your donation, right here. Whatever difference you decide to make will have twice the impact. I am not a wealthy person, so I will have to limit my matching if this gets out of hand, but that is a good problem to have. + +Peace, + +hardleft121 + +I'm a Software Engineer working in Germany, thus getting paid in EUR. Since last year, I've been investing 40% of my salary in **VWCE**. + +I just read the news: + +>The euro slid to the lowest level against the US dollar in two decades as investors grappled with the prospect of an energy crisis that risks tipping the region into a recession. + +[https://www.bloomberg.com/news/articles/2022-07-05/euro-falls-to-lowest-since-2002-against-the-us-dollar](https://www.bloomberg.com/news/articles/2022-07-05/euro-falls-to-lowest-since-2002-against-the-us-dollar) + +Now, it's pretty obvious at this point, that we are opening the box of recession, globally. Investors know that and I assume the market is already being priced for the recession to a certain extent. + +However, as I'm getting paid in EUR, I'd like to understand how the EUR/USD parity change will affect the EU and how I can mitigate the potential losses, in terms of Purchasing Power. I don't want my EUR salary to melt away. + +Based on my market knowledge, I should either start investing in Gold, Silver, Oil, or a relatively stronger currency -- i.e. CHF? + +Is there a better way than these? How do you protect your EUR? +> We know some people want us to lay out a whole detailed plan today, but that’s not gonna happen. You won’t find us talking a big game, making a bunch of lofty promises, or telegraphing our strategy to the competition; that’s the philosophy we adopted at Chewy. + +And then later + +> Moving forward, we want you to judge GameStop based on our actions, not our words. + +Personally speaking, I’m more than happy for the company to make their moves in the dark and only announce them after the fact - it provides much less opportunity for the shorters to retaliate or react effectively. + +We can hype dates, get excited, go down weird rabbit holes and whatever else, but at the end of the day that’s all noise. + +If you trust the company and their strategy, no matter how opaque it may be, holding is easy. + +Let them do their thing. When the time is right, they’ll let us know. + +Edit: to those saying that they haven’t done or announced anything so far, and the least they could do is give us something, here’s another quote. + +> Here are a few things we’ve done so far: refreshed the board, added technology and retail experience to the leadership team, paid off all our long term debt and strengthened the balance sheet, and begun laying the foundation for long term growth. + +They’ve also purchased a couple of enormous fulfilment centres. And remember - they announced none of the above in advance. + +Edit 2: credit to u/MrMaintenance for this one + +> We are trying to do something that nobody in the retail space has ever done, but we believe we are putting the right pieces in place and we have clear goals… + +Bullish. Have patience. +Please correct me if I am wrong and I am more than open to your advises. Maybe, you can enlighten nowadays' Economics students. Will try to less arrogant: + +I chose the major with the mindset that Economics is an interdisciplinary field and in the crossroad of Business and Technology. However, being sophomore undergraduate, I am somehow losing interest as I gradually feel that Economics teaches me the world as it is and kinda does not offer me tools to build something ( sounds egoistic i know but, I like to build, lead things). Building, creativity involving courses such as Microeconomics (Intermediate) fascinates me though. But courses such as Macroeconomics and Money, Banking& Financial Markets are so-so for me ( feel like retired grandpas watching economy news when I read them). once I& my friends thought about implementing startup idea, felt like useless major student and think that even Finance majors would be more useful in this case. When my uncle& dad suggest me to do research on some Economics topics (such as how can we improve our small nation in the Caucasus economically), felt like "what good will it offer me then?". I guess I kinda fond of science entrepreneurship. Fyi, I hear advises like thinking about ML, Data Science and Analytics. What is your perspective? +I spent $50,000 on surefire Egyptian bunny rabbit futures. This was money that was supposed to be saved for buying a new house and was mainly accrued from dumping pay checks into SPY over the years. + +On the 27th of February , I got tipped off from a buddy that works in the bunny breeding industry. He said that due to the pandemic, Europeans were buying pets like crazy, and one animal in particular... bunny rabbits. + +Now this made me look into Egyptian bunny futures as they produce the most bunnies in the world. The premiums were amazing, this was like buying fucking apple at IPO. On top of all of this, Easter was just a couple months around the corner and a massive shipment of bunnies was meant to leave Egypt and make its way to a port in France. I’m talking a fucking boat load of carrot munching, sex hungry, “what’s up doc” mother fuckers, not just a container. + +So I placed my bet, expiring the week of Easter, for when the shipment would come. Since there were barely any bunnies in France/ all of Europe, there was no supply to meet demand. However, I had it on good authority that prices would barely drop since so many Europeans wanted the little fluffy fucks. + +All was going well, my money was going up and it was the most euphoric feeling ever... + +Until on Wednesday at 10am, I wake up to check how many unrealized tendies I have. To my horror I was down 48%. I frantically called my aforementioned buddy in the industry and he tells me to look up the Suez canal. + +It turns out the shipment was delayed by a day out of Egypt and right after they left port, some big fucking ship decided to block the whole canal. Since Egypt shipped out essentially every last bunny in the damn country, they didn’t need any more bunny food. So every single one of them is going to run out of food over the next week and die on that ship (no point in bringing them back to port cause there’s no food to feed them). Once they arrive in France they will dump the dead bunnies, pick up the next shipment and move on. + +Idk how I’m going to tell my wife this, probably gonna need some protection from her boyfriend for a while too. + +Wish me luck +Today was a crazy ride, and we've all been following the action the entire time. My opinion is that unless I can find compelling evidence that the squeeze is truly done for and off the table, my conviction has only grown stronger. + +Most important things that stick out, all of which really build a case that must not be dismissed: + +1) If shorts have covered, we should have noticed reasonable strong upwards momentum, as buying pressure consists of short covering along with retail buying, and a limited float. + +2) Past few days we've seen trading volumes below average, likely suppressed demand caused by broker restrictions on buying. Lower volume can make any dump pull the price down easily. Especially when the demand side is getting locked out. Have to mention the timing of which Robinhood locked buying last week as well, coinciding with a massive dip. + +3) Look at [this image](https://preview.redd.it/dralf2uks4f61.png?width=1900&format=png&auto=webp&s=52223e916aacb4f65681da1cfe4f5e1ade7cea30) + +Notice how AMC & GME have almost identical candlesticks, and the same is in the BB-NOK pair. It is undeniable that a lot of people are buying this stock and holding this stock. Not just in America but all across the world. We have global support. +You would think that with this many people in the trade (whether they are on the buying / selling side) we would see greater variance. This correlation to me looks like obvious manipulation by higher frequency and higher volume algorithmic trading. +It's hard to look at these charts and say that this is natural supply and demand. Seriously, same candlestick patterns on unrelated stocks. This price action is influenced by targeted manipulation to a high degree. Even if people were really selling off like crazy, wouldn't we see more natural candles? + +4) We have mainstream media (MSM) covering the "reddit mania" extensively. MSM says reddit is trying to squeeze silver, which is false. You will not find anyone pushing to buy SLV on reddit. In fact, you will see a warning about silver and how many HFs have long positions in it. + +5) We've seen an influx of bots on social media (reddit, FB, twitter) promoting silver, spamming that GME squeeze is finished, diverting attention away from the more uninformed audience. Why? If it's finished why the need for these? + +6) MSM says the short squeeze mania is over and shorts have covered. If that is true, why are we seeing trade restrictions still on more and more brokers, and nonstop coverage all over TV and the internet. If it's over, why are there so many articles bashing retail to stay away? + +7) GME is an outlier in the "failed-to-deliver" statistic, and has been put on NYSE short restriction (uptick rule). Something fishy is going on with the shares in the float. + +8) SI% numbers are very conflicting. Especially the numbers that came around 30-50%. It was then later mentioned by someone in S3 that a different calculation was used. If you convert to the old calculation, you still get over 100% SI%. Why are they trying to change it all of a sudden? + +To me, this is enough to say we're still in the game. If it's over, let them prove it by crushing GME to $20 and on February 9th we hear the official SI% being low. Then it's finished. Something tells me that it's not over, and this is all a ploy to mitigate the damage they are about to receive when GME eventually triggers the MOASS. + +Can't say for sure it's a 100% trip to the moon and beyond, but what's really suggested otherwise? This whole misinformation campaign + price manipulation combo is too important to dismiss. + +Remember I'm retard and please make your own financial decisions. This post is based on my observation and speculation. + +Position 50 shares GME $210 + +🚀💎🙌 $GME to the moon 🚀💎🙌 + +**TL;DR** - *YES THERE IS LIKELY TO HAVE BEEN A SQUEEZE LAST WEEK, BUT WHAT WE HAVE BEEN SEEING LATELY SUGGESTS THIS IS NOT OVER! MOASS IS POSSIBLE UNTIL PROVEN OTHERWISE! WAIT FOR ACTUAL CONFIRMATION BEFORE THROWING IN THE TOWEL!* + +edit: by volume I'm simply referring to CNBC's 10 day average volume (96m) +What are some of the lessor well known/unexpected benefits provided to executives at Fortune 50/100 companies? + +This may not directly be a FatFIRE question, but I feel like the people who’d best know the answer are on this forum. + +Some context: I’d describe myself as a HENRY on the FIRE path, current NW $1.2M. I’m an Executive Director in the Data Science/ML area, but not at a FAANG, or even in the tech industry. I’m in another industry, but work at a large multi-national company that you’ve all heard of. I lead a group of about 90 people, with an annual budget I’m responsible for around $20M. + +The market is active right now, and I’ve had recruiters from other companies reaching out about potential roles at the next level (usually some kind of Vice President). In many companies, after the VP would be SVP, EVP (or CTO/CSO role) and then CEO, as a rough idea of seniority. + +Now here’s the funny thing. I have a good idea of the basic comp elements (base salary, bonus and LTI/RSU/PSU/stock) to expect and negotiate for with those offers at the next/VP level. Many other elements of the comp package are standard: Deferred Comp plan, 401k, medical, disability (short and long term), etc. However, I’ve had multiple recruiters ask me if there are other types of comp or benefits that I’d also leaving behind that they need to know about. When I ask what they might be referring to, they say it’s just a question they ask for completeness. + +However, I’ve on multiple occasions been left feeling like a minor league player. Like there are other secret comp/benefit components that I should know about, if not at my level, then for the next level. And the fact that I don’t know about them indicates I’m not ready to play at that level yet. Maybe it’s my own insecurity talking, but from a work perspective I totally feel ready to take on those next tier roles. + +I’ve had various other non-traditional benefits at some jobs as I’ve moved up the hierarchy, like an annual Executive Physical, or access to an indoor climate controlled underground Executive Parking Garage (great for the northeast USA), or the ability to fly Business Class for intercontinental travel. But I don’t think those are the types of things a recruiter would be asking about in terms of benefits I’m leaving behind when we’re discussing compensation. They seem ancillary to core comp. + +I also don’t think they’re asking about CEO level benefits like a private jet or personal security. The only thing that I can think of is perhaps a company car benefit, which some companies do offer. Mine’s does at that next VP level. So once, just not to seem like a total noob, I said “I don’t use my company’s car benefit” leaving out the fact that I wasn’t eligible for it yet. + +But it’s left me wondering about what are some of the other less well known executive benefits at those senior levels? So I don’t feel like an ignorant minor league player reaching too high. At the very least I think I should be aware of them, perhaps to know what to negotiate about if any of these conversations reach to an offer stage. +They always say money can't buy happiness, but I don't agree. Basically all the things I want to do require money. And they are all things that open up my life more and give more freedom. Surely that would make me happier. Or at the very least, more evenly happy with less downer moments. + +And I'm not talking about being a millionaire or even making 100k a year. My life would be completely different if I just made like 50k a year. I could afford to buy a car. I could afford to have my own apartment (maybe). I could afford to buy good recording equipment and record an album. I could afford to buy a road bike and get into triathlons... I could afford the crazy entry fees for triathlons. I could afford to do most normal activities. + +I'm actually stuck when I try to figure out the problems I have that don't require money. I don't think there are any at all. I'm active, well adjusted and friendly. The only thing is I wish I had more friends, but again that's almost impossible to solve without some money. Joining a rec soccer league for example: I bet that costs like $100. Which I don't have. + +Just venting really. + +Edit: uh Sooo after I posted this I got a call for an interview for a job that pays 50k exactly. Is God real? +Sonar ($PING) is building an AI-driven data aggregation platform which monitors BSC and Ethereum network tokens, providing holistic analysis and tracking capabilities for any given token – All within a carefully crafted UI. + +&#x200B; + +The Sonar Platform is a multi-chain analytical tool, which presents its users with an interface that tracks social network/influencer trends, vets contract code, price charts, creates price action alerts, executes orders, as well as features other innovative and unique solutions for investments. + +&#x200B; + +The Sonar Platform intends to serve as a crypto analysis one-stop-shop and provides users with all the necessary tools and information need to make smart investment choices and to reduce the likelihood of traders falling for rugpulls and honeypots. + +&#x200B; + +Raised 100k in private sale, presale is Friday 8 PM UTC. + +&#x200B; + +\-CMS and CG applied for + +\-Techrate audit in progress + +&#x200B; + +✅ Doxxed Core Team + +✅ Real Use Case (Utility Token) + +✅ Clear Roadmap and Whitepaper on Website + +&#x200B; + +Sonar Token ($PING) Distribution: + +\-Total Supply: 4,000,000,000 + +\-Team Tokens: 4% + +\-Development/Marketing: 4% + +\-Pre-sale Tokens: 56.2% + +\-Token Burn and Launch Fee: 5.6% + +&#x200B; + +Transaction taxes: + +💰 3% tax to Liquidity Pool to create a stable price floor + +🤑 2% tax to Redistribution + +👨‍🔬 2% tax to Sonar Innovation Lab Wallet + +👨‍💻 3% tax to Sonar Marketing and Development Wallet + +&#x200B; + +&#x200B; + +✉️ Telegram: + +[https://t.me/sonar\_official](https://t.me/sonar_official) + +📷Instagram: + +[https://www.instagram.com/sonar\_token/](https://www.instagram.com/sonar_token/) + +🐦Twitter: + +[https://twitter.com/SonarToken?s=09](https://twitter.com/SonarToken?s=09) + +⭕️Reddit: + +[https://www.reddit.com/r/sonarplatform](https://www.reddit.com/r/sonarplatform) + +🎮Discord: + +[https://discord.gg/7kuNHxZeCP](https://discord.gg/7kuNHxZeCP) + +🎥Tiktok: + +[https://vt.tiktok.com/ZSJ9oBTDo/](https://vt.tiktok.com/ZSJ9oBTDo/) + +📽Youtube: + +[https://youtube.com/channel/UCixkuolcOuQdEnn80E-tyew](https://youtube.com/channel/UCixkuolcOuQdEnn80E-tyew) + +👫Facebook: + +[https://www.facebook.com/Sonar-Token-107371881570425](https://www.facebook.com/Sonar-Token-107371881570425) + +🌐 Website: + +https:// [www.sonarplatform.io](https://www.sonarplatform.io) +Despite the rally, cases have not peaked, Japan is getting worse, countries around the world are in lockdown and the worst hasn’t even come to many major economies yet, and it will eventually. + +This stimulus package is temporary and will result in more layoffs and Trump will have to lock large parts of the country after a few weeks. + +Cases will peak in April and that is when I expect the bottoming out. + +A slow fluctuating recovery will happen till June before a continuous rally till October when the cases start rising again. + +Another smaller but significant dip until a vaccine is found, which is likely to be in March next year. + +Remember that in 2008, when the decline was happening a massive rally happened, reversing fears, before it all went downhill much faster. + +We are at that page, markets show encouragement but that is to keep people’s morals up. + +We ain’t seen the worst yet. + +Goldman Sachs report is valid from a few weeks ago. I don’t believe the recent predictions of an improving market. + +Thoughts? +Why is it so damn hard to break out of poverty? I feel like I take one step forward and then two steps back. We’ve been working so hard, sacrificed so much, downgraded our lives entirely to get out of debt and try to build a savings and be financially stable. But more things keep coming up. + +My boyfriend’s birthday was in March and I wanted to get him a Nintendo Switch so bad, because I knew how much he wanted it but we could never afford it. So I planned and planned, until another big expense popped up weeks beforehand, and I had to use my secret savings on it. Fine, I figured I could just gift it to him for our anniversary in September. We’ll have been on a steady come up. And we were. We knocked out a huge chunk of debt. Things were looking up. Then a huge dental bill. Then suddenly he no longer has a job for 5 weeks, and now doesn’t start his new one for two more weeks. I’m doing everything I can to make extra money during/before/after work just because I want to get him this one damn thing. Just one. We never do anything for ourselves for the sake of being smart about money. But he deserves it. So now I can’t even afford to get him one, 6 months after I originally couldn’t and planned to try again. + +I just feel freaking hopeless. I don’t mind not having extra money after bills. I don’t mind collecting change I find for gas. I don’t mind having grown out weird looking hair and expired make up because I just can’t afford to ‘splurge’ on self care products. I just want to be able to get him one nice f***ing thing, but every time I almost have the money, something happens. I work over 40 hours a week + odd jobs. I’m so mentally drained. I know all of this will pay off in the long run, but right now it feels never ending. + + +I know this is so trivial and stupid in the grand scheme of things. But it’s exhausting not being able to afford to treat yourself or someone you love just *once* in a damn blue moon. And I know I don’t need to give him presents to show my love and gratitude, but it’s just something I had my hopes set on. He’s a good, hard working man. In reality we have made great progress this last 1 1/2 years, but it feels like the end of this keeps getting further and further away, not closer. + +Now I’m sitting here, hovering over the “confirm purchase” button of a $40 gift I found online to give him, because I earned all this money through survey apps and I just can’t stop thinking “what if we need this $40?” I can’t even buy *anything* that isn’t a necessity without guilt and reluctance. I. Hate. This. + + +End rant. Thank you. + +Edit: I just want to thank everyone for all of the encouraging comments, and for allowing me to vent. Also for those super generous offers to help me in any way. Man this community is so great. It’s important to me to always show my gratitude for what I have, but some days just feel very heavy. It’s nice being among people who can sympathize/empathize. Keep working hard, friends. It’ll all pay off and in a few years’ time we’ll be thanking our past selves for our sacrifices. Wishing only better days ahead for you all! + +Edit 2: Sorry I know generally multiple edits are frowned upon but I wanted to post more on this. I can't believe what kind of people make up this wonderful community. I've had so many comments that it's hard to keep up, just wishing me well, providing encouraging words, tips, advice, even incredibly generous and selfless offers for things. I'm overwhelmed. I'm so used to seeing a lot more negativity and humans not being so great to each other, but then you come across whole subreddits of total strangers being nothing but kind and caring. My day has completely turned around and you've helped me shift my perspective where it needs to be throughout all of this. I wish for nothing but the best for all of you, whether you're in a similar position as I am or not. You're good people. Thank you. <3 +I am on my phone so It is hard for me to do a fancy post with lots of links and stuff but I will do what I can And hopefully some sleuth apes take this and dig deeper. + +I started out googling No child Left Behind and Boston Consulting Group. This led me to this Blog by Diane Ravitch. She is an "educational historian" Served in some Gov educational positions and now fights the privatization of schools and all around seems to try to want to actually fix public education. She has a whole swath of posts written concerning BCG. + +https://dianeravitch.net/category/boston-consulting-group/ + +This shit goes deep and these are the people who are already digging. + +Look up your schools and see if they have used BCG. From what I can tell they have done "work" all over the place. + +Would love to do more research tonight but maybe some others want to dig more. + +Fuck these Crooks. + + + +Edit: Digging more and holy shit Margaret Spellings, former secretary of education under George Bush. She then went on to work a stint at a little known consulting group called BCG. + +https://en.m.wikipedia.org/wiki/Margaret_Spellings + +She did No child Left Behind + +She was also on the Board of the Apollo group + +https://www.sec.gov/Archives/edgar/data/929887/000119312512265951/d364792dex991.htm +Hey guys, + +We tend to celebrate winners and downplay losers, I think we should post more about our bad trades rather than winning trades. + +**My biggest mistake:** + +So let me start first, I stumbled upon a bunch of 0DTE SPX trades videos on October and decided to give it a try on November 10th. + +So I went in with a a few spreads on both sides, it was a decent day, I was up like 800 bucks like 2hours before the market closes. + +What happen was that my dumbass didn't close the trade, I was hoping all contracts to be expired worthless because I was pretty delta neutral 1 hour before the closing bell. + +The last 20m really fucked me up, the market suddenly trends downward fast, I ended up with a 4k loss that day. + + That was like my monthly thetagang gain, I managed to make all those back + more profit in the coming months but It still stings today. + +**My lesson overall (not in any partcular order):** + +1. Trade with smaller size if you are doing risky trade(s). +2. 30-45DTE is slow but steady, this is where I made most of my gains atm. +3. Never use all your BP, you need BP to adjust your trades if the market starting to move against you. +4. Try to be as delta neutral as possible. +5. Stay small on meme stocks. +6. Avoid trading on binary events. +7. Never let your options expires, especially the one that are closed to be in the money. +8. Manage your losses early instead of holding and hoping that things will turn around. +9. Sell call spreads on the rip, and sell put spreads on the dip. +10. Close your trades early if already have a decent amount of profit. + +Hopes this help guys, your turn! +If you had $1M tomorrow and wanted to generate 1% a month in income to allow you to retire, what would your picks be and why? + +T, O, MAIN, QYLD? + +EDIT: Let me clarify, this would be solely for income, not growth. +What the title says. This high-market-valuation situation isn't going to change despite all the warning cries of value investors, until and unless the US gov stimulus stops and it begins to unwind/extricate itself from the financial markets & banks. So, my question is, how will that happen and what will The Great Unwinding look like when it does? + +• what is the effect on markets when bond/corporate bond-buying by the Fed ceases, and who loses and who benefits (this may involve tracking individual companies to short/buy based on their debt and credit facilities utilization)? +• what is the effect on markets when windows close on Cares Act related loans and grants, and who loses and who stands to benefit? What do we look for there? I've read an article that said no one knows what companies will actually be solvent and which will not because that info is currently hidden behind the loans and grants. +• what is the effect on markets when the window closes on Cares Act related unemployment benefits, and which stocks stand to lose and which stocks stand to benefit (bank/credit stocks lose & defensive Wal-mart style stocks benefit?)? +• what is the effect on markets if this new stimulus package proceeds, as they suggest it will, in mid to late July? +• how will The Great Unwinding of the most massive stimulus ever affect inflation and what are the factors that can tip us to inflation or deflation? (This is very relevant to me because investing in some foreign stocks as a hedge against a big inflation move of the USD is a part of my strategy)? +• what is the true risk of downside so long as the Fed and the US gov has its stimulus hat on? What factors, if they exist, could defeat the US gov's attempts to prop up market values during this time and are they so-called "tail-risk", "black swan" events like a new SARS-CoV emerging while SARS-CoV2 is still in pandemic mode? + +I don't know about anyone else but being on top of these questions seem more relevant to my investment decisions for the rest of the summer & early Fall than the things that value investors typically look at. As far as coronavirus infection factors, I think every investor is looking at those, so I think analyzing the stimulus and how The Great Unwinding might go down is the only thing I feel I haven't gotten a handle on. I think it would be cool if reddit get good at analyzing this aspect of our current market situation. + +Any suggestions? +If you are an Ontario homeowner (condo, townhouse, detached - take your pick), you can sell your home and buy an equivalent place in Calgary for 1/3 the price. + +Let’s say you are a couple in your 30s (let’s say 35) living in a detached home. You bought your house 10 years ago in GTA for $500k and today, it is worth $1.5 million. You have $300k of mortgage left on the home. You could sell and instantly pocket $1.2 million. + +Now you move and buy a similar place in Calgary or somewhere else in Alberta for $500k in cash. And now you have no mortgage AND $700k in your retirement account and you are only 35. You can retire by 45 and save 20 years of your working life. + +Why isn’t everyone doing this? + +If keeping a job at the same pay is your big concern, who cares about a job if you can pocket $700k and let it grow for 30 years. $700k invested today at 8% real growth will balloon to $5.6 million by the time you are 62. + +You can work at Walmart for next 20 years if you must do a job to keep yourself occupied and pay the daily bills. + +What am I missing? Is Canadian housing arbitrage the biggest financial opportunity for millennials and homeowners today and path to instant semi-retirement? +correct me if I'm wrong but so many people respond to "what's your thesis?" with its cheap + +and what? okay you searched a stock on Finviz with inputs of <5x P/E, BV>P and? umgh if the only definition of Cheap is low P/E than on a P/E basis imma introduce you to FAANG enjoy! + +ask yourself: + + its cheap compared to what? + + why cant it go lower? + + how is your downside protected? + +why will the price go up? +Munger recently doubled down and the stock fell even a little more. +The price didn't really increase over the past 8(!) years. + + +I don't know what Buffett said about BABA, but I think he's betting more on the US and is quite careful, when it comes to China, although his BYD investment sure paid off so far. + + +I know technically if you purchase a stock of BABA, then you don't really own a stock, but more of a derivative, which I don't know what will happen with if Beijing may make a move on Taiwan someday (I mean look at the Ukraine mess happening right now...), but it seems like Ben Grahams saying "a stock is a piece of a business" doesn't really apply here.... + + +Then you obviously have regulatory risks involving the CCP, which Jack Ma complained a lot about. + + +Not to mention Evergrande and China's deleveraging. + + +Soo.... what's your take? +The major western countries aren't "broke". They simply stopped taxing their richest citizens like they did in the 50's and 60's. If they taxed them again like that all would be fine as it was in the 50's and 60's. Spending does NOT need to be cut. + +The problem is that politically active groups have been trying to starve governments of funds as a means of cutting popular social programs and retaining wealth among the super rich. (It was a strategy called "Starve the beast" in the 1980's by Grover Norquist) +they succeeded in cutting estate and dividend and capital gains and top income taxes and as a result the super rich pay a far less share of the taxes than the percentage of the societies wealth they own. + +(it doesn't matter if they pay a high percentage of the total taxes - it only matters if they pay taxes that are proportionate to the percentage of the wealth they own. for example if 1 man owns 90% of the gold and pays 55% percent of the taxes he can say he pays more than anyone else. However it is not relevant because it simply hides the fact that he doesn't pay in proportion to the benefit he gets from the societies laws that protect his wealth and status. if he owns 90% of the gold he should be paying 90% of the taxes not 55%. ((By the way in fact today 1% of the population owns 90% of the stock for example) ) + +The answer to the government "sovereign debt" issues is simply tax the rich in the percentages that worked so well in the 50's and 60's and society will boom just like it did then and without the fake debt and tax evasion chicanory that caused the fake economic growth spurts since then. Grover Norquist is hoping you will now instead cut the leg off the beast he has starved. Instead you should give the beast more food from the super rich. + +You can either cut spending or raise revenue to balance a governments budget. + +If you cut spending so much that you hurt your middle class then you will shrink the economy. +We have reached that point. + +Spending befitting the middle class needs to INCREASE and taxes need to get back to what they were for the wealthy in the 50's and 60's when America built the strongest economy with the strongest middle class the world had ever seen. + +ok redditlost half my damn supporting docs so here are afew again + + +http://lmgtfy.com/?q=is+sovereign+debt+caused+by+lower+taxes+on+the+wealthy + +http://lmgtfy.com/?q=relative+tax+burden+to+wealth + +pictorial presentation of inequality and sovereign debt over time by kenneth galbreath +http://www.businessinsider.com/map-of-the-day-inequality-2010-5#your-guide-to-the-maps-1 + +This shows that quintiles hide the truth of the non taxation of the superrich top 1% because those others inthe top fifth are no where near as rich as the top 1% so they make the top 1% look less bad: +http://www.whosplayin.com/xoops/uploads/photos/402.gif + +there was more but damn reddit lost it. + +interesting info from here +http://www.uic.edu/depts/lib/documents/resources/tax99/taxhistory.shtml#america +"In 1798, Congress levied the first direct tax on American property, including lands, houses and slaves. (This was a wealth tax. They figured out the value of your home, slaves and land and taxed you in proportion to the wealth you owned- insert me) Temporary income taxes were also imposed on citizens by both sides of the Civil War in order to raise wartime funds, and in 1862 the Office of the Commissioner of Internal Revenue was created to collect wartime income tax funds. The first peacetime income tax was imposed in 1894, a 2-percent tax on earnings above $4000, which at that time only affected the very richest 2-percent of Americans. (income taxes were always supposed to only be paid by the top richest people in the country - the standard deduction was supposed to cover the amount needed by a normal person live so they would only pay taxes on excess income - insert me) Income taxes became a permanent feature of American life in 1913, with ratification of the 16th Amendment. Taxes were expanded during World War I with revenue acts which created federal estate taxes as well as greater taxes on earnings by individuals and businesses. " + + +A final thought: society (and the government that they elect) doesn't have to choose between bacon and gravy. +We can spend on bacon and gravy and even a little caviar if we only tax the super wealthy in proportion to the wealth of society that they own. All of humanities wealth has advanced over the past 50 years from things like computerization which allows this fact. We just have to go after the horders. Remember they wouldn't own the wealth if our society didn't enforce the ownership rules they allow them to own it. They benefit more form the rules than anyone so they should pay fairly for it. + +Furthermore remember that having a larger more educated middle class (from lower relative middle class taxation - better and free education and healthcare and higher minimum wages so more income is earned for less time) increases the wealth of society for EVERYONE (including the Superrich) because society advances and more of the society is able to make large contributions to the society increasing its advancement and ultimately its wealth. You want the most healthy brains as educated as possible with the free time to make huge advances for society as you can get and not forced to do mundane survival things. 10 million PHD's under government grants or on the "dole" does more to advance society if just ONE of them makes a ground breaking discovery than 10 million impoverished un educated people who can't think because they can't even feed themselves from their minimum wages much less spend time doing things that might make a breakthrough. + + +It's better for the super rich to be superich in a nation of a large middle class than it is for them to be the super-rich of a nation with a non existent middle class. the first is even richer in both value of assets and societies research and advancements than the second superrich guy. The first has a better chance for a long happy life (because research and advances such as in health, transportation, lifestyle innovation etc will be so much more in the first society ) than the second superrich guy. + +This meme stock explosion has made me even more tight and Scrooge-like with my money. I have most of money sitting in blue chip stocks like DIS & HSBC amongst many others with a small amount for playing, doing my own DD on and hoping for a 3x but settling for a small profit or loss in most cases. + +I love reading other people’s DD, always have, and it’s great to have a community that helps you cut down a bit of the work (even though you must follow up with your own reading) in potentially spotting something that could be big. However, there has been a massive spike recently of people that finish they DD with ‘this could be the next GME’ or something similar and as soon as I read that, I am instantly put off. + +Everything they have said up to that point gets a little tainted for me. + +I know this is completely irrational and actually a bit stupid on my part but I equate it to a restaurant that has ‘The Best (insert food item)‘ or ‘World Famous blah blah’ on their menu. It puts me off instantly. + +Anyone else feel like this? Or am I just being snooty? +And how has that impacted your (obese?) FI journey + +Similar examples of mine are: + +1: Found laundry services that pick up, deliver, and even press and starch your undies (for surprisingly reasonable rates). + +fatFIRE relevance: Time savings + +2: Started using a personal stylist/shopper a few years ago. We have 2 sessions a year. Costs about $200 each time and we select a few attires to buy. I’m (proudly) from a blue-collar background and it helps me fit comfortably into client meetings where the dress code is less Carhatt-chic. + +fatFIRE relevance: Professional growth (and client expectations) + +Edit: Can’t change title, but something you discovered later in your financial life is **very** welcome. +We (late 30s fam) finally bought our first home (BNE), and you can too. + +Late 30's, two young kids, work in the city and wife works part time which essentially pays for childcare and a bit on top which also contributed to house deposit savings. Couple of side hustles paid down all debt. UK Migrants, Aussie citizens for a few years now, got on through FHLDS, 2 bed freestanding house for 545k in Redlands. + +I've lurked here for the entire time, and the number of doom and gloom posts are astounding. I get it. People are over it. But man, some days I'd see one of those posts and I'd feel the hope being drained from me too. + +I'm here to tell you to keep going. + +Focus. Keep learning. Stay consistent. Ignore the websites and hit those streets yourself, there's no better intel. Go to the inspections and auctions. Follow up agents on the actual sold prices. When the opportunity appears, which it always will, you'll be able to spot it in your earliest window to act. You've totally got this. + +Edit: if I’ve learned anything about throwing your contribution into the ether, there will be division. Not going to bag on any of the negativity, not at all. But def thanks for the goodwill. Ultimately, I wrote this for “the me” out there elsewhere. I would have liked to read something like this a couple of years ago. +“If you try to please everyone, you’ll end up pleasing no one”. +Changing it up a bit from the traditional “investment” discussion. What is everyone driving? Is it your dream car? If not, what do you wish you were driving? + +Mods can remove if this is viewed as off topic. +WE ARE GOING LIVE! + +[https://twitter.com/SonarToken/status/1474413003047067648?s=20](https://twitter.com/SonarToken/status/1474413003047067648?s=20) + +Resonance Labs Inc proudly presents: + +SONAR PLATFORM \[BETA\] LAUNCH on 28th December 2021 + +The Sonar Platform is a multi-chain analytical tool, which presents its users with an interface that tracks social network/influencer trends, vets contract code, price charts, creates price action alerts, executes orders, as well as feature other innovative and unique solutions, including the implementation of artificial intelligence for investments. + +The Sonar Platform intends to serve as a crypto analysis one-stop-shop and provides users with all the necessary tools and information need to make smart investment choices and to reduce the likelihood of traders falling for rugpulls and honeypots. + +🕙Incorporation in progress + +✅ ETH Bridge + +✅ Listed on gate.io + +✅ CertiK & TechRate audit complete + +✅ Listed on CMC + +✅ Listed on CG + +✅ Doxxed Founders Team + +✅ Real Use Case (Utility alt coin) + +✅ 2021 Roadmap + +Sonar Token ($PING) Distribution: + +✅Wallets locked in a multi-sig vault✅ + +\-Total Supply: 4,000,000,000 + +\-Team Tokens: 4% (Vested monthly) + +\-Development/Marketing: 4% + +Transaction taxes (December 2021): + +💰 3% tax to Liquidity Pool to create a stable price floor + +🤑 5% tax to Redistribution + +👨‍🔬 1% tax to Sonar Innovation Lab Wallet + +👨‍💻 1% tax to Sonar Marketing and Development Wallet + +Socials: + +✉️ Telegram: [https://www.t.me/sonar\_official](https://www.t.me/sonar_official) +📷Instagram: [https://www.instagram.com/sonar\_token/](https://www.instagram.com/sonar_token/) +🐦Twitter: [https://www.twitter.com/SonarToken?s=09](https://www.twitter.com/SonarToken?s=09) +⭕️Reddit: [https://www.reddit.com/r/sonarplatform](https://www.reddit.com/r/sonarplatform) +🎮Discord: [https://www.discord.gg/7kuNHxZeCP](https://www.discord.gg/7kuNHxZeCP) +🎥Tiktok: [https://www.vt.tiktok.com/ZSJ9oBTDo/](https://www.vt.tiktok.com/ZSJ9oBTDo/) +📽Youtube: [https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew](https://www.youtube.com/channel/UCixkuolcOuQdEnn80E-tyew) +👫Facebook: [https://www.facebook.com/Sonar-Token-107371881570425](https://www.facebook.com/Sonar-Token-107371881570425) +🌐 Website: [https://www.sonarplatform.io](https://www.sonarplatform.io/) +The weekend is upon on us once again in cryptoland. With a Saturday slump out the gate, there’s certainly a heavy amount of anxiety roaming around. + +And quotes about patience and buying through times of fear aside, there’s a justified sense of doom and gloom. It’s hard not to feel like it could all just be over. + +So at a time of uncertainty, stick with what’s made many investors truly rich. Being early to something hot. And with a token launch, even in this atmosphere, people will rally around somewhere they can still see astronomical gains. + +The Phoenix Protocol presents you an opportunity to shine bright in the darkness. Even as the market looks to be choppy, you can join in on the next big coin like CluCoin ($100M market cap) and HODL ($150M) to launch to massive valuations despite bearish conditions. + +While BNB flounders around 300, why not take an opportunity to still make out like a king in what has been so far yet another mythical bull run? + +With ownership-renounced and LP tokens burned, $PHX has already slammed out of the gate and expects to ride this momentum as people look for a safe position with upside to store their funds. + +So enjoy a token with intense and targeted marketing featuring influencers, giveaways, and consistent listings, audits, and updates. With still so much ahead, this has 10x, 100x, and more written all over it. + +Oh, and when the market inevitably bounces? That’s going to be when the resurrection truly begins. + +So if you have strong enough hands, ya know, ones that don’t fold in a month when we live for nearly a century, you might find yourself at a whole new standard of living. Just know that if you walk away now, your rebirth in the crypto market will remain as is: only a story of what could have been. + +&#x200B; + +Website - [www.phoenixprotocol.net/](https://www.phoenixprotocol.net/) + +PancakeSwap - [exchange.pancakeswap.finance/#/swap?outputCurrency=0xb98d864ddcb573567b3a2258c9e5cab58fe7974e](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb98d864ddcb573567b3a2258c9e5cab58fe7974e) + +Telegram - [t.me/ThePhoenixToken](https://t.me/ThePhoenixToken) +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! + +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! + +Hey Superstonk, + +I don't know about you, but what do you think about having a pinned post at the top with links to all the best DD, so people don't have to go hunting around for it? + +Mods, can you make this happen? It would be helpful for any new visitors to see at the top, without having to search. It's got to be plainly obvious, so new visitors, even people who've never used reddit before, can get fast access. Should probably be in some sort of order, I'll leave that up to the Mods/community to determine... + +&#x200B; + +What do you all think? +My best guess is that when we see the bottom of this thing, nobody is going to buy because everybody already bought, thinking the bottom was higher, and no one has any money left. I think we are going to have a bottom that is the hardest to call in the history of the stock market. + +9/11 -- no brainer: wait for the planes to hit, then buy. + +Financial crisis -- also easy -- wait for bailout, then buy. + +Corona Crisis -- this one is not easy. Next week, many investors are going to get tricked into the first false bottom. There will be more. + +I'm calling 14,000 as the real bottom. Maybe 12,000. Few of us are going to have any cash by the time it comes. +It may have gotten lost in the shuffle and excitement yesterday, so posting it here again. I finished a 50 page super comprehensive step-by-step guide to ethereum investing, wallets, buying tokens, storing and managing your loot, cashing out, etc. I also explain the concepts of how it all works in laymen terms etc. + +My first gift back to the community for all i've gained here, you can get a pdf or just read online here: https://www.ethadvisor.com + +enjoy! 🤘🍺☝️🌑 +I'm not even talking about borrowing. I just mean when coworkers, for instance, want to do an after work dinner. Or a group of friends want to go out for drinks. It should be the new norm to accept that most people choose to forgo travel, dining out and other stuff until payday. People need to realize that bills/debt can be absolutely ravenous in spite of a decent income. +**IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE** + +JASON FUCKING WATER FALL, Plaintiff, + +v. + +GAMESTOP CORP. , Defendant. + +C.A. No. 2021-0993 SEM + + +**ANSWER TO VERIFIED COMPLAINT** + +Defendant GameStop Corp. answers Plaintiff JASON FUCKING WATER FALL's Verified Complaint as follows. + +1. Plaintiff is a resident of Dallas, Dallas County, USA. + +RESPONSE: GameStop is without knowledge or information sufficient to form a belief as to the truth of the averments in Paragraph 1 of the Complaint. + +2. Defendant is a Corporation incorporated in the State of Delaware. + +RESPONSE: Admitted. + +3. This court has jurisdiction pursuant to 10 Del. C. § 341. + +RESPONSE: Paragraph 3 of the Complaint sets forth a legal conclusion to which no response is required. However, GameStop does not intend to contest the Court’s subject matter jurisdiction over this action. + +4. Venue is appropriate in this court pursuant to 10 Del. C. § 344 because Defendant is incorporated under the laws of Delaware. + +RESPONSE: Paragraph 4 of the Complaint sets forth a legal conclusion to which no response is required. However, GameStop does not intend to contest venue in this action in the State of Delaware or in the Court of Chancery. + +5. Defendant released an 8-K filing on 6/9/21 which revealed the results of its Submission of Matters to a Vote of Security Holders. + +RESPONSE: Admitted. + +6. Stockholders voted on elections of six Directors as well as two other resolutions for eight total votes. + +RESPONSE: Assuming that Paragraph 6 of the Complaint refers to GameStop’s annual meeting of stockholders held on June 9, 2021, admitted. If that assumption is incorrect, denied. + +7. In every vote but one, the total number of votes added up to 55,541,279. + +RESPONSE: Assuming that Paragraph 7 of the Complaint refers to GameStop’s annual meeting of stockholders held on June 9, 2021, admitted only that after the Inspector of Elections selected a reasonable method to obtain whole numbers by rounding vote totals that reflected partial shares, the total number of votes and broker non-votes cast in the elections for five of the six director nominees and for both of the two management proposals was reported to GameStop by the Inspector of Elections, and therefore reported in GameStop’s Form 8-K dated June 9, 2021, as having been cast by 55,541,279 shares of GameStop’s Class A Common stock. Otherwise denied. + +8. In the Larry Cheng election, the total number of votes added up to 55,541,280. + +RESPONSE: Assuming that Paragraph 8 of the Complaint refers to GameStop’s annual meeting of stockholders held on June 9, 2021, admitted only that after the Inspector of Elections selected a reasonable method to obtain whole numbers by rounding vote totals that reflected voting by partial shares, the total number of votes and broker non-votes cast in the elections for Lawrence Cheng was reported to GameStop by the Inspector of Elections, and therefore reported in GameStop’s Form 8-K dated June 9, 2021, as having been cast by 55,541,280 shares of GameStop’s Class A Common Stock. Otherwise denied. + +9. It is impossible for a vote to have been cast only in the Larry Cheng election because such a ballot would have shown up as an abstention for all other votes. + +RESPONSE: Admitted as a purely theoretical matter, but denied insofar as it pertains to GameStop’s annual meeting of stockholders held on June 9, 2021. The underlying premise of the Complaint is mistaken. There was no error in the count of the votes or broker non-votes by shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021, and there was no manual or other adjustment of the results of the stockholder vote. Rather, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer resulted solely from the reasonable manner in which the Inspector of Elections rounded votes and broker non-votes by fractional shares before expressing the totals in whole numbers. In fact, all of the shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021 were properly accounted for in all of the matters (six director nominees, including Lawrence Cheng, and two management proposals) that were presented to GameStop’s stockholders for a vote at that meeting. + +10. Conventional wisdom does not admit that a computer will add the same numbers together eight times and get the result wrong once. + +RESPONSE: Without knowing what Plaintiff means by “[c]onventional wisdom,” GameStop is without knowledge or information sufficient to form a belief as to the truth of the averments in Paragraph 10 of the Complaint. By way of further answer, GameStop denies that there was a miscount or error in the tabulation of the vote at GameStop’s annual stockholder meeting held on June 9, 2021 and incorporates its responses to Paragraphs 7-9 of the Complaint. + +11. Plaintiff is a registered holder of Defendant’s stock. + +RESPONSE: Admitted. + +12. Plaintiff delivered a written demand under oath to Defendant’s principal place of business at 625 Westport Parkway, Grapevine, TX on 10/25/21. + +RESPONSE: Denied. + +13. Plaintiff’s written demand under oath stated Plaintiff’s status as a stockholder and was accompanied by documentary evidence of beneficial ownership of the stock pursuant to 8 Del C. § 220 (b). + +RESPONSE: Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b). Admitted only that Plaintiff’s October 25, 2021 letter asserted that Plaintiff was a “registered record holder of 397.34 shares of GameStop Corp. Class A Common Stock” and that such letter was accompanied by an October 25, 2021 letter from ComputerShare stating that as of October 22, 2021, Plaintiff held 397.33972 shares of GameStop Class A Common Stock in a ComputerShare account. Otherwise denied. + +14. Defendant has declined to produce any documents or respond to Plaintiff for over five business days subsequent to the delivery of the demand under oath. + +RESPONSE: Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b). Admitted only that GameStop has not produced any documents to Plaintiff or responded to his October 25, 2021 letter. + +15. 8 Del. C. §220 (b) states, “Any stockholder...shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose, and to make copies and extracts from: 1) The corporation’s stock ledger, a list of its stockholders, and its other books and records...A proper purpose shall mean a purpose reasonably related to such person’s interest as a stockholder...The demand under oath shall be directed to the corporation at its registered office in this State or at its principal place of business.” + +RESPONSE: Paragraph 15 of the Complaint is a quotation from a statute, to which no response is required. + +16. Plaintiff’s written demand under oath is for two purposes: 1) inspecting the Stockholder Ledger, and 2) inspecting books and records relating to the collection, tabulation, reconciliation, and reporting of the 6/9 shareholder votes. + +RESPONSE: Admitted only that Paragraph 16 of the Complaint seeks to characterize Plaintiff’s alleged purposes. Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b); denied that the purposes described in Paragraph 16 of the Complaint are the purposes that Plaintiff identified in his October 25, 2021 letter; and denied that the purposes described in Paragraph 16 of the Complaint and in Plaintiff’s October 25, 2021 letter are proper purposes. + +17. Plaintiff’s purposes for inspecting the Stockholder Ledger are 1) to confirm that the ledger contains an accurate record of Plaintiff’s stock ownership, 2) to determine the degree, if any, to which the amount of stock held by registered and beneficial stockholders exceeds the amount of stock issued by Defendant, thereby diluting Plaintiff’s stock ownership. + +RESPONSE: Admitted only that Paragraph 17 of the Complaint seeks to characterize Plaintiff’s alleged purposes. Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b), and denied that the +purposes described in Paragraph 17 of the Complaint and in Plaintiff’s October 25, 2021 letter are proper purposes. + +18. Plaintiff’s purpose for inspecting books and records relating to the collection, tabulation, reconciliation, and reporting of the shareholder votes is to investigate the possibility of mismanagement, wrongdoing, or waste. + +RESPONSE: Admitted only that Paragraph 18 of the Complaint seeks to characterize Plaintiff’s purposes. Denied that Plaintiff’s October 25, 2021 letter constituted a “written demand under oath” or that it complied with the requirements of 8 Del. C. § 220(b); denied that the purposes described in Paragraph 18 of the Complaint and in Plaintiff’s October 25, 2021 letter are proper purposes; and denied that GameStop has engaged in any mismanagement, wrongdoing, or waste. + +19. The credible basis standard does not require Plaintiff to prove that wrongdoing occurred, or even to show that wrongdoing probably occurred; it merely requires Plaintiff to present a credible basis for belief that wrongdoing may have occurred. + +RESPONSE: Paragraph 19 of the Complaint sets forth a legal conclusion to which no response is required. + +20. Plaintiff alleges there is credible basis to suspect wrongdoing in the reporting of the shareholder votes because computer tabulation is not subject to the kind of simple adding mistakes apparent in Defendant’s voting results, meaning that the results were likely manually adjusted by a person. The presence of a mistake in the results points to the possibility of mismanagement, wrongdoing, or waste. + +RESPONSE: Denied. By way of further answer, GameStop incorporates its responses to Paragraphs 7-9 of the Complaint. + +21. Defendant harmed Plaintiff’s rights by denying Plaintiff, a stockholder, the inspection of books and records sought for a proper purpose. + +RESPONSE: Paragraph 21 of the Complaint sets forth a legal conclusion to which no response is required. To the extent that Paragraph 21 is deemed to contain averments of fact, denied. + +22. Accordingly, Plaintiff requests the Court compel the Defendant’s cooperation with Plaintiff’s inspection of the Stockholder Ledger and all books &amp; records relating to the collection, tabulation, reconciliation, and reporting of the 6/9[/21] shareholder votes. + +RESPONSE: Paragraph 22 of the Complaint sets forth Plaintiff’s demand for relief, to which no response is required. To the extent that Paragraph 22 is deemed to contain averments of fact, denied. By way of further answer, GameStop denies that Plaintiff is entitled to any relief. + +FIRST AFFIRMATIVE DEFENSE + +The underlying premise of the Complaint is mistaken. There was no error in the count of the votes or broker non-votes by shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021, and there was no manual or other adjustment of the results of the stockholder vote. Rather, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer resulted solely from the reasonable manner in which the Inspector +of Elections rounded votes by fractional shares before expressing the vote totals in whole numbers. In fact, all of the shares that were present in person or by proxy at +GameStop’s annual stockholder meeting held on June 9, 2021 were properly accounted for in all of the matters (six director nominees, including Lawrence Cheng, and two management proposals) that were presented to the stockholders for a vote at that meeting. + +SECOND AFFIRMATIVE DEFENSE + +The one-vote discrepancy that was reported in GameStop’s Form 8-K filed with the United States Securities and Exchange Commission on June 9, 2021, to which Paragraphs 7 and 8 of the Complaint refer, resulted solely from the reasonable way in which the Inspector of Elections rounded fractional share vote totals. In fact, there was no discrepancy in the vote count or vote totals. + +THIRD AFFIRMATIVE DEFENSE + +The one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer is not a sufficient or credible basis to support Plaintiff’s demand for inspection of GameStop books and records. + +FOURTH AFFIRMATIVE DEFENSE + +There is no logical connection between the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer (which, if the totals were reported with fractional shares included, would not have been reported as a discrepancy at all) and the GameStop books and records that Plaintiff seeks to inspect. For that reason, the categories of books and records that Plaintiff seeks to inspect are overbroad. + +FIFTH AFFIRMATIVE DEFENSE + +Plaintiff’s stated purposes for seeking inspection of GameStop books and records are pretextual and reflect only Plaintiff’s idle curiosity, rather than a proper purpose. + +SIXTH AFFIRMATIVE DEFENSE + +Plaintiff’s demand for inspection of GameStop books and records does not satisfy the form-and-manner requirements of Section 220 of the Delaware General Corporation Law. + +SEVENTH AFFIRMATIVE DEFENSE + +Plaintiff states in Paragraph 17(1) of his Complaint that he wishes “to confirm that the ledger contains an accurate record of Plaintiff’s stock ownership.” Plaintiff has presented no basis, much less a credible basis, to believe that the GameStop stock ledger does not accurately reflect his ownership of GameStop shares. In particular, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer bears no logical or other relationship to the question whether GameStop’s stock ledger accurately reflects Plaintiff’s ownership of GameStop shares. + +EIGHTH AFFIRMATIVE DEFENSE + +Plaintiff states in Paragraph 17(2) of his Complaint that he wishes “to determine the degree, if any, to which the amount of [GameStop] stock held by registered and beneficial stockholders exceeds the amount of stock issued by Defendant, thereby diluting Plaintiff’s stock ownership.” Plaintiff has presented no basis, much less a credible basis, to believe that the total number of shares held by GameStop stockholders exceeds the number of shares that GameStop has +issued. In particular, the one-vote discrepancy to which Paragraphs 7 and 8 of the Complaint refer bears no logical or other relationship to that question, especially considering the fact that the approximately 50.5 million shares that were present in person or by proxy at GameStop’s annual stockholder meeting held on June 9, 2021 were far fewer than the approximately 70.8 million shares that were issued and outstanding as of the record date for the meeting. + +NINTH AFFIRMATIVE DEFENSE + +If, contrary to GameStop’s position, the Court orders GameStop to permit Plaintiff to inspect GameStop books and records, and if any such books and records contain material, non-public information, disclosure to Plaintiff may be made only if consistent with Regulation FD promulgated by the United States Securities and Exchange Commission. + +TENTH AFFIRMATIVE DEFENSE + +The legal position taken by Plaintiff in his Complaint is not warranted by existing law or by a non-frivolous argument for the extension, modification, or reversal of existing law or the establishment of new law, and the factual allegations and contentions in Plaintiff’s Complaint do not have evidentiary support. GameStop reserves all rights relative to such matters. + +WHEREFORE, defendant GameStop Corp. requests that the Complaint be dismissed with prejudice, that judgment be entered in GameStop’s favor, and that GameStop be awarded such other relief as may be proper, including, if appropriate, an award of its costs and attorneys’ fees incurred in defending this action. + +Dated: December 9, 2021 + +TROUTMAN PEPPER HAMILTON SANDERS LLP + +Attorneys for Defendant +GameStop Corp. + +________ + + + +**JASON FUCKING WATER FALL FAQ** + +**Who are you?** + +I am a [98.76% direct registered asshole](https://imgur.com/a/G0yqRfV). My non-DRSed shares constitute a 5-share farm at a brokerage which grows DRS shares through volatility. + +**Why did you sue GameStop?** + +Because they didn't respond when I asked nicely every day, and after six weeks or so, an alternative modality seemed to be indicated. + +**What information do you want?** + +1) Information contained in the Shareholder Ledger + +2) Information relating to The Cheng Discrepancy + +**What is the Shareholder Ledger?** + +A list of all institutions and individuals holding GME. + +**Do you think the Shareholder Ledger contains evidence that the float is oversold?** + +Maybe, maybe not. Supposing that the float is oversold, the Shareholder Ledger may contain only the identities of registered holders, rather than beneficial holders. In that case, evidence of rehypothecation may not be acquisible by suing GameStop. + +**Will you share the Shareholder Ledger if you get it?** + +I will fight to share whatever I can without compromising shareholders' personal information. + +**What makes you think you can get the Shareholder Ledger by suing for it?** + +Because Delaware law says so, specifically [Delaware Code Title 8 Section 220](https://codes.findlaw.com/de/title-8-corporations/de-code-sect-8-220.html). I have followed the steps for acquiring the Shareholder Ledger specified in paragraphs (b) and (c). + +**What is The Cheng Discrepancy?** + +OK, so you know how [we all voted on 6/9 to install RC and his buddies to the BOD](https://news.gamestop.com/node/18956/html)? There were eight total elections that day. Seven of the elections show a vote total of 55,541,279. The Larry Cheng election, however, shows a vote total of 55,541,280. + +**So what?** + +So the elections should all display the same amount of votes, because it is impossible for someone to have voted in the Larry Cheng election without having been counted as an abstention in the other seven elections. The vote totals from all eight elections should match. That they don't match gives me a credible basis to suspect that mismanagement, wrongdoing, or waste may have occurred with regard to the collection, tabulation, reconciliation, or reporting of the votes.  + +**Credible basis?** + +The credible basis standard means I don't have to prove that wrongdoing occurred, or even show that wrongdoing probably happened or had a good chance of happening. All I have to show is that mismanagement, wrongdoing, or waste MAY HAVE OCCURRED.  + +Onward and upward. + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of shares held by beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Amber Ruffin, PFTCommenter, or Ariana Grande.* +This may be an odd question but I'm wondering for those of you who have FatFIRE'd... are there any waitlists or clubs you wish you joined earlier in your life? + +For example, I'm a big NBA fan and joined the Lakers season ticket holder list this year. It's a 6-7 year wait it sounds like and I wish I had done this earlier. + +Any other things like this for someone who is likely going to FatFIRE in the next few years? Any lists that I should join NOW so that I can enjoy while I'm Fat? + +BIG HUGE ETA: When I posted this - I was so lost. This community is incredible and I am beyond grateful for everyone here. I am reading through everything and everyone has been so helpful and kind. I had to check myself to ensure this was Reddit. I appreciate absolutely everyone who took the time to help me out. I have seen a trusts and estates attorney since she is my mother but this is above her pay grade. You guys have been angels. Thank you for the bottom of my heart. + + + +My dear friend died at 39 intestate in NY. He was a real player and highly respected. No will. I am a lawyer (not his) and I do not know this side side of finance. + +I could use help: he took out a huge huge position and then died. Im being told that he “wasn’t in reg t” and “his options aren’t in the money” and they don’t expire until December. + +ML is the broker and is not closing the position and letting it run. + +The most issue is that his child was born 2 weeks after he died. This position will tank and of course tax. His estate is most likely going to be taxed 40% when all is said and done. + + +Sorry - I’m emotional. My question is: why are ML’s broker refusing to close it upon death when other firms do? Or am I mistaken. Any feedback - including girl you’re on the wrong sub and you don’t understand this - is so appreciated. He wasn’t married to his girlfriend and there’s a 6 months backlog to appoint an administrator to the estate. It is tanking And I want to know if there is a at to making the bleeding stop. +🌳 Welcome to $PTRT 🌳 + +Introducing PETRICHOR, the first interactive COIN committed to CLIMATE CHANGE and getting more trees planted around the world, the more PETRICHOR bought and sold, the more TREES we can get planted! (For every ten holders we plant one tree) + +The mission of this coin is to be a more transparent charitable coin. $PTRT balances out the negative environmental effects of many existing tokens through its tokenomics being set up to help plant trees with every holder! + +Every time PETRICHOR is bought or sold, a portion goes to our charity wallet. The full amount of this wallet will then be donated to tree planters of the world every month. + +On top of that, every Friday the PETRICHOR team will donate 1 tree for every 10 holders. So far we all have contributed to around 50 trees being planted. + + + +Renounced Ownership - https://bscscan.com/tx/0xfe8c4c863cd3a08da6c8ed5c26e302df43940be04d1c016c8ad83e3716242f96 + +Website - https://ptrtoken.com/ + +Chart - https://charts.bogged.finance/?token=0x90842133687dD2B0D4df7853cCDA579bA0313842 + +PancakeSwap - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x90842133687dD2B0D4df7853cCDA579bA0313842 + +TOKENOMICS: + +50% Locked Liquidity. + +300T Tokens burned. + +5% Distributed to holders + +5% Added to liquidity +I bought a property and the person in the basement is leaving so I thought I would go live there (currently living with parents) and so I can fix anything that goes wrong in the building. I'm just concerned about maybe a lack of light during the day and maybe noise? I'm doing this mostly because the basement is quite spatious and don't need anything bigger. Would also save money instead of buying a condo. +It's been said countless times. "We need to lock the float to prove there is without a doubt more shares than allowed for GME, then something will happen". + +The blatant corruption, manipulation and theft is happening in plain sight in-front of everyone's eyes. The cops standing are standing at the entrances to local businesses, your families business that was built through generations, watching robbers take whatever they want and saying "Yeah, we see it -- but we need more proof" before we help you. + +The faster we DRS the float, the faster we can put an end to the trillions of dollars stolen and to the countless lives lost due through many means of market manipulation. + +This ends now, DRS your shares and let's make a change. + New job numbers show the economy has been picking up, with more than 300,000 jobs added in March. But the most recent wave of shutdowns is threatening all those gains. + +Despite a third wave of COVID-19, Canada's unemployment rate fell to a post-pandemic low of 7.5 per cent in March as the economy added... + +[twitter.com/canadainvest...](http://canadgerbo.tk/new-reports-today-canada) +Hi, + +I am referring to this paper here: [Equity Factors: To Short Or Not To Short That Is The Question](https://www.cfm.fr/assets/Uploads/Equity-Factors-To-Short-Or-Not-To-Short-That-Is-The-Question.pdf). While the conclusion of the paper is quite easy to understand, the reasoning and the maths is not as easy to understand since I am quite rusty. + +I am guessing this is a branch of Linear Algebra but wanted to make sure before I go about taking a maths course. Last thing I want to do is take a WRONG maths course. +According to the **2018 Global Wealth Report**: + +* Net worth > $4210 means you're in the richest half of the world +* Net worth > $93,170 means you're in the top 10% of the world +* Net worth > $871,320 means you're in the top 1% of the world + +The **Credit Suisse Research Institute** in 2021 found that Australians have the **highest median** wealth per adult at $273,900. With this, you can deduce that **majority** of Australians are in the top 10% of the world in terms of wealth. + +But as an Australian myself, I don't feel it. Most likely because we compare ourselves to those around us. Thus, I ask the question, "At what point would you personally feel 'wealthy'?" For me personally, it would be when I am able to eat out every day (not junk food) without feeling guilty. What's yours? +Prepare your tits. + +# Exhibit 1 + +On **Feb 23, 2022**, ComputerShare posted this video: [https://youtu.be/ZdZXCJxs5fs](https://youtu.be/ZdZXCJxs5fs) with the part I’m referring to beginning at 2:32 but read on to get right to the juicy bits. + +Here are the screenshots of the important parts for this post: + +[ComputerShare administers over 12 million dematerialized or uncertificated holdings](https://preview.redd.it/mwap5x3nzb5a1.png?width=1792&format=png&auto=webp&s=d61d98feb28e7628c8b86cd023d8824e6356868b) + +[of which, approximately 8 million are pure DRS holdings](https://preview.redd.it/0txiupvszb5a1.png?width=1792&format=png&auto=webp&s=1114cb089f03ee229fb4d93ca6ce817d59f7fee9) + +[and 4 million are \\"book entry\\" plan relate](https://preview.redd.it/6qzc9l5cdc5a1.png?width=1792&format=png&auto=webp&s=8b6a2bd8bec3894a6cc582d52dce3ce1d2d2c191) + +In this video, they say that they manage over 12M dematerialized or uncertificated shares (*note that this total is not specific to GME only*) of which approximately 8M are pure DRS (*Book shares*) and 4M are book-entry plan related (*Plan shares*). + +**NOTE:** These descriptions have been updated to more accurately reflect the meanings of these terms. + +* **Dematerialized shares** are just digital shares, basically the paper certificates have been made digital and therefore have been dematerialized +* **Uncertificated shares** are just another name for dematerialized shares, there’s no physical certificate +* Don’t get confused by the term “book-entry” plan, those are the Plan shares + +Reminder that GameStop receives both Plan and Book numbers from ComputerShare, and also a reminder that this video content is not specific to GME. + +Something I want to note before we continue… this video was posted on Feb 23rd, but it likely took at least a month to make. I’ve been involved in the creation of YouTube videos for large corporations and there are a lot of steps, a lot of hoops to jump through, and a lot of approvals to get for each tiny thing. Someone has to write the script, get it proofed, approved, someone has to record the voiceover, that needs to be approved, edited, approved again, there are also all the graphics that need to be prepared and approved piece-meal as well as together in animation, the audio and visual components need to be put together… my point is it takes a long time, and I would expect that the numbers that ComputerShare presented were likely from around end of year 2021 rather than mid-Feb numbers. + +# Exhibit 2 + +In mid-March, GameStop released their [annual report](https://news.gamestop.com/static-files/71e30d98-2102-4bdd-b0b8-eb151e09f803) (pre-split) which noted: + +>As of January 29, 2022, 8.9 million shares of our Class A common stock were directly registered with our transfer agent, ComputerShare. + +&#x200B; + +# Putting that together + +So there are a couple of possibilities here based on what ComputerShare says in their video… + +**Option 1:** about 1/3 of DRSed shares held by ComputerShare are for other companies, which strikes me as unlikely considering how quickly GME took top spot on give-a-share, how confused brokers were at the beginning, and how many people have been told by brokers that people asking for DRS are always asking for GME. + +**Option 2:** More likely (in my opinion) is that GME makes up most of the DRS shares that ComputerShare talked about. This was likely year-end 2021 data, so would have been before popcorn and towel stocks started to get on the DRS bandwagon. But… this one only makes sense if the numbers reported in GME’s 10-K are ONLY reporting book entry DRS shares. + +So if I'm correct that GME makes up the majority of these holdings at ComputerShare, and the % of shares purchased directly from ComputerShare hasn’t changed (those recurring direct purchases go into plan rather than book), then based on the video ComputerShare posted back in February we may actually have closer to 107M shares locked up (since 8 x 1.5 = 12… so 71.8 x 1.5 = 107.7). Maybe I’m overly optimistic, but I would guess that the percent of shares held in plan currently would be more than it was when we kicked off 2022, because I get the impression based on posts here on Reddit that more people have recurring purchases set up than they did in 2021. So... we might actually be a good amount over 107M. + +# TL;DRS + +ComputerShare released some numbers at the beginning of the year that, when compared to the numbers that GameStop released in their annual report, suggest that shares held at ComputerShare in **“Plan” are not part of the total that GameStop has been reporting**. So we actually probably already own way more of the float than we ever realized. + +I wonder what would happen if everyone converted those Plan shares to Book…? 🤔 + +Edit: updated the descriptors to more accurately reflect the meaning of those terms +I’m 18, have $400 in Robinhood in individual stocks, working in retail making 15/hr. I also have $350 in a Roth IRA +My dad doesn’t know I am investing, because he’s anti investing (he was burned real bad in Enron scandal) but I’ve done my research and decided to put a little into the market. + +I am wondering if dividends are worth it for me? Because if invest in dividends, I will have to file them on my tax return and he does my taxes. +OR +I can wait until I move out in a year or two, and then start dividend investing but I think it would be worth it to start now. Even if it’s just index funds. + +Edit: I told my dad and we are good! + +Thanks!! +$1.4b Valuation seems unrealistic. +It truly has been a fun ride but the stock is obviously manipulated heavily everyday and its speculative value is probably hella inflated. +Those who have made it into a 12 month hold with significant profits obviously can ignore this, but dumbasses who are just jumping in should be cautious. +Hate to be the cuck bear who says this. +If I’m wrong, that’s fine - Enjoy your tendies. + +As always, DYOR. + +Edit: +:) +Hey everyone + +So I've been doing FIRE for two years now. At first, it was good and (relatively) easy - I made low six figures and paid around $1.2k/month for shared housing in Sydney. + +However, I got a modest 2 bedder for myself this year...and found my bills to quickly start adding up. While I am sure a smaller mortgage is possible in other parts of Australia, the truth is I don't know a single person (including myself) who isn't half a million or more in debt due to property. Yes, I know I could have relocated interstate...except I can't take my job with me, leave my aging parents, or leave the friends I grew up with. + +Is there any of us in the major cities that have been able to continue FIRE with a mortgage? There's also the kids bit I don't even want to think about... + +EDIT: Btw this is [FIRE](https://www.investopedia.com/terms/f/financial-independence-retire-early-fire.asp) +I've a salary account is in Citibank since over a decade. Never faced any issue. Website / App is okay experience . However, post aquisition , I do not want to move my account to Axis, hence looking for options. + +Banks I would prefer + +* ICICI - Great app / portal. Swift experience in Branch. +* HDFC - Have a diners priveledge. Can I place a request for upgrade ( DCB ) tied with opening of Salary account ? + +&#x200B; + +Edit : + +I'm highly grateful to all of your for your valuable experiences, inputs and suggestions. + +The recommendations are divided with ICICI > HDFC > Kotak/Axis. I'm still exploring and will post updates on what I opted for . + + +💭 What is **$MBUD** ? +**$MBUD** or **MOONBUD** is a fresh charity memecoin on the Binance Smart Chain, it has a 5% transaction fee, **2%** goes to the **charity wallet**, **2%** is **redistributed** amongst HODLers and **1% is burned** forever, making the token **deflationary**.Ownership of the contract has been **renounced**.**Liquidity** has been **locked** for a year. + +🌕 **MILESTONES** +The token succesfuly launched approximately 40 hours ago on pancake swap.The launch was amazing, price held and rose beautifully and the first day was full of important achievements.1600 HOLDER wallets in the first day900 members in the telegramMarket Cap reached a stunning 4M$ ATH, started at 100k MCAPBut the best of it all, the **CHARITY WALLET has so far accumulated over 150k$** +Imagine what can happen in the long run. + +🗺️ **ROADMAP**❤️ Community building - **IN PROGRESS** 👍 + +🦎 CoinGecko listing - **APPLIED** ⚡️ + +📈 CMC listing - **APPLIED** ⚡️ + +🌐 NEW Website - **Development in progress 💪** + +💣MARKETING - **Tiktok, Twitter, and others** + +🐕DONATION - The Developer will **PERSONALLY** visit a charitable organization that the community is currently voting on, and will donate the money from the charity wallet, the whole process will be recorded. This will happen next weekend. + +Personal Opinion: I have been closely talking with the dev team and the community since the very beginning, we are already pretty lively and the dev is a very honest reliable man who really wants to help the dogs. Since I have the inside info, I know that pretty big things are coming, and I remain very bullish. + +LINKS: + +🗒 CONTRACT: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +💎 BUY: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +📈 CHARTS: + +💩 POOCOIN: [https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +🧘‍♂️ DEXGURU: [https://dex.guru/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba-bsc](https://dex.guru/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba-bsc) + +🌐 WEBSITE: [https://www.moonbud.space/](https://www.moonbud.space/) + +📱 TELEGRAM: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) +I’ve spent enough time on this sub to recognize that the group as a whole is trending in the direction of favouring useless posts that provide no insight of knowledge being prioritized over technical, quantitative, and knowledge rich posts. + +Your job as a trader, if there is even any here at this point, is to make money. Not to read some feel good post that gives you confidence because that confidence will get shutdown real fucking quite by the market I can promise you. + +I see several recaps, analysis’s, trade ideas, etc etc that are valuable and spark a discussion based progression of learning and correcting conceptions or misconceptions of this job. They get downvoted, they get ignored, and the absolute gutter dust pile of shit motivational or guru posts get upvoted like there’s no tomorrow. You guys eat that shit up and dig a nice deep hole in the dirt for all the useful information that people generously provide. + +What sparked me to address this is because I provided an insight on a strategy I’ve been using and recap analysis of a trade I executed with said strategy; that is now 50% upvoted and continuously getting downvoted throughout the day. + +Why? There’s no reason what so ever. Don’t believe me? Go check it out, or don’t; I’m not promoting it I really don’t care. But if you do check it, you can see there is no misinformation or any justification behind the downvote rate. Just pure strategy description and Q&A, because nobody likes to post their strategies for some reason but there is plenty of people who like to see them and the process behind them to get a grip. I know I did when I first begun. + +This isn’t the first time I have seen this, this however is the first time it has happened to one of my posts, this is not because of my post. This is because it’s happening daily to people similar of me who outreach to communities to assist and get met with the giant overshadow of “I yolod all my money and got 100k return” ROB HOOD picture of pure luck and no insight to such trade whatsoever other than the picture of profits. + +Or better yet the top awarded posts of “RisK ManaGEmenT SepERates tRAdiNg fRoM GaMbLInG” dogshit posts that also provide absolutely nothing but some guru type mindset that you guys eat up??????????????????????? + +Oh don’t even get me started at the magical quotes highlighted in trading books that are posted onto this sub with nothing but the quote providing quite literally nothing but a waste of brain power and time. + +Make it make sense. + +Edit: most of you are taking this well and I appreciate that since it may have been aggressive or condescending as very few have mentioned. I take your criticism, however it is generating lots of discussion on how this sub should look and how it should be managed; while sparking several various points of views from different levels of traders. So with that I do not regret my presentation of words. Thanks. + +Edit 2: whoever gave me gold thanks you have the title of awarding me my first award on Reddit. Whoever gave me the money award you are second on the podium. Thanks lol. + +Final words: no more awards. Podium is full, good race guys. In all seriousness though thank you. +Gentlemen, + +Now that the bear market could very well be over, at some point in the near future this place will again be flooded by new investors who don't really care about the tech and its philosophy, people who will be in for a quick buck. + +So before this happens, I'd like to salute your resilience. + +You're the tough minority. The ones who believe. The ones who care. The ones who did not give up when the price tanked 94%. + +It's not been easy but it looks like we made it through. + +Thank you all for the wild ride, for the support, for the open discussion, for the memes, for the laughs, and for being goddamn tough cookies. + +This is just the beginning. +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! + +Hello, I'm in a bit of a pickle. I only have a couple rental properties and this one is the first one in this particular city. Getting to the point, I purchased this SFH a year ago from another LLC that was renting it since 2016. I assumed everything would be good-to-go since they are a well-known rental company. Fast-forward and the city inspected the property and said the downstairs bathroom was installed without permit. I had my realtor pull a photo from 1995, when the house was sold to the second owner, showing the downstairs bathroom was there and it looked like it had fixtures from the 80s. I then asked the city to show me their previous inspections. They inspected it several times from 2016-2021 and not once mentioned the bathroom needing to come out. The bathroom has a 4" increase to the floor height making the ceiling height a couple inches under code. It also has a breaker panel in it. Both of these things show in the picture in 1995. It's since been sold 5 times as well. If I remove the bathroom, my mortgage states that I have to immediately repay. I have tenants moving in in a couple days as well and they expect it to have a downstairs bathroom. This should have been caught in previous inspections, but wasn't, I feel like the city is playing favorites depending on landlord. What options do I have? + +Edit: Thank you for all of the helpful comments! I'm working on some next steps and will update this with what the final outcome is. +Imagine, once this squeezes I can go anywhere, be anyone. Help people, make a difference. Prove everyone who ever doubted me wrong, everyone who said I was a loser / a nobody wrong. I can get therapy, work on myself, and be the best me I can be. Or I'll die trying. I'm going to hold. Im going to wait. I'm going to believe. I believe in Ryan Cohen. He's not going to let us down. He's not going to let you down and he's not going to let me down. I like the stock. And I love my ape brethren. Im sorry if this is emotional or not DD or doesn't even make you laugh. But it's real, it's me, it's my thoughts... it's my future. It's our future. Can't stop. WON'T STOP. GAMESTOP. +I have seen many news articles recently where in order to settle the claim, the family of dead person (in a road accident) had to pursue the matter in courts . + +1. https://m.timesofindia.com/city/ahmedabad/accident-claim-dispute-settled-for-rs-71-lakh/amp_articleshow/84486550.cms + +Claim amt. Rs. 71 lac, Insurance company : United India Insurance Co Ltd + +*2* + https://www.google.com/amp/s/www.esakal.com/amp/pune/lokadalat-order-insurance-company-compensation-police-family-ass97 + +Claim amt. 50 lac, Insurance company : ICICI Lombard + +*3* + https://www.google.com/amp/s/www.loksatta.com/pune-news/compensation-of-rs-1-44-crore-to-the-family-of-a-computer-engineer-who-died-in-an-accident-zws-70-2560760/lite/ + +Claim amt. 1.44 Cr, Insurance company: Name not disclosed in news article + +If anyone has experience with large claim settlements for term insurance, could you please share any tips for avoiding the claim rejection by insurance company. + +Why do the term insurance claims for people who died in accident, reach courts at all? +Hi! I just moved to the US and started my lease in an apartment. My roommate is an international student too and started her ease in July, and I started mine in August. + +Of course since I didn't live in the apt in July, she agreed that she'd fully pay for the electric & gas of July. + +However, we have issues about the bills for August because her bf, who is also from another country, couldn't find a job and decided to stay during August which I agreed to because I figured he had nowhere else to go after graduation. + +But,,, I suddenly thought that it'd be unfair for me to pay half of the electric and gas bills of August since it was 3 people using the electrics and gas. So I asked my roommate to discuss with her bf if each of us could pay 1/3 of the bills. And she asked me if we can pay half instead cuz except for showering, she and he would always cook, clean, wash clothes together to save up energy and didn't turn on heat or AC much. + +I still think it's unfair that I pay half instead of 1/3, but I don't wanna face any conflicts with my roommate and her bf cuz they seem such nice people and have offered a lot of help with cooking, putting furniture together, etc when I just moved in... what should we do? +I have to call bullshit on a moderator post warning people against medical tourism. I had great dental care in Mexico for a third of what it would cost here. Lots of people I know have as well. They also did not try to upsell me on unnecessary treatments that would have compromised the health of my teeth. I was told I needed SIX root canals in the US by an arrogant ass who said people who went to mexico were idiots. A 3D xray in mexico and proper evaluation led to NO root canals and no crowns. I had a great experience and my teeth are great now. Do your homework when traveling for dental or medical help, we have the internet now. (Also, Tijuana has killer gourmet mexican restaurants for the price of chipotle.) + +American dentists and doctors will always fill you with horror stories because it's their competition, but you can get really shitty, incompetent work in the US. Our health "care" system is completely extortionist, don't be their pawn. In fact, medical care is the third leading cause of death in the US now, and that's for people who can even get in -- many don't even bother with getting care anymore because of how inaccessible it is. I don't, my deductible is crippling. I have mentally prepared that an acute injury or illness is likely going to be my death unless I can get to some place like mexico or thailand. + +EDIT: Because a lot of people are asking, I went to American Biodental in Tijuana. I’m not saying they are the best but they were great for me. If you go to Tijuana check out Airbnb’s near the stadium, less than a mile from American Biodental. Uber is cheap and plentiful there. + +EDIT 2: There are some good resources on this thread, thanks to everyone who contributed. Researching medical/dental tourism is a daunting task and first-hand reports are very helpful. +Wrote my algos in python, all working good. Wanted to optimize some parameters by running backtests. ETA of 20 days on my home server. Man, I don't wanna invest in more servers/workstations, and learning C/C++ again would be a bitch, especially on how convoluted my strategies already are, what do? + +Friend recommended Cython. Did the minimal changes required and compiled. New ETA 2 days!!! Holy moly! + +Once I become a millionaire, I'm gonna donate a whole bunch to the project, amazing work, I'd recommend it to anyone that needs their python code to run faster. +Yup, you read correctly. That’s a hundred milly. For each share. Please don’t come at me with how unrealistic that is, or ‘the govt will stop’ or there’s not that much money out there blah blah blah. + +I don’t care. I really just don’t give a shit about the shill/fud bullshit. I’m not telling you what to sell your shares at. I’m telling apes what I want. + +I’m anchoring my mind to a number. +A big number. For no other reason than this, in this one unforeseen, ‘infinite loss’ flight into the unknown? I’d hate to get off early and then see that it ends up being possible to take a massive chunk of cash home. This is a one off Black Swan. A fuck up by the greediest bastards on earth. They are wide open to an infinite loss situation. I have no fucking idea what will really happen. And that’s the thing. There is actually enough cash there. Maybe not for every share... that’s true. but then again, every share is not for sale or will be sold. + +Which is the crux of the issue. If GME is naked shorted past 100%? If the float gets locked? And Moass triggers? Then the system needs to buy everything that’s available. Which can’t happen. Cause some crazy fuckers won’t sell. At all. Ever. And so the system cannot close the positions. + +So...here’s me. I want 100 million. Why? Cause I like that number. I’ve liked it for a while now, plus the bizarreness of the situation tells me it’s possible. Yeah I know, not every share can be sold at blah blah blah. Saying it again, not ALL shares.... just a handful at the peak of the spike. And if I ever see 1 million per share I’m calling it proof of concept and it’ll make me more determined than ever. + +So. Saying it out loud. Here’s my Price Anchoring post. + +$100 million. + +Now one of you greedy fuckers please tell me it’s not enough 😁 + +See you on the moon. 💎👊🏼🦍 + +Edit- you lot blow me away. I threw this up to annoy the shills and here you all are updooting, awarding and commenting like crazy. Apes hooting and hollering and throwing bananas everywhere. Makes me smile. + +And the number of you who say I’m lowballing . +Like I should think bigger? Hmmm, Bigger... starts with a B. Umm, really? We gonna use Billions?? 😱 Well then, I really hope some of you get there. Go be the change you want to see in the world.😁 +I've wanted to do this write up for awhile, initially as sort of a thought experiment to have people pay attention to these signals as time dragged on. But never found the time. Recently, however with more and more of them showing up it seems like as good a time as any. + +If apes were staring down the barrel of a short squeeze **would we realize it**? + +We talk so much about the how and why of the short squeeze sometimes I think we forget the when? + +Sure no dates and all that, but what if it had already started would we know that pivotal moment when things turned in our favor and MOASS was staring us in the face? + +Some will say we have been in one since last year and it's a compelling theory to say the least... + +[But what else besides a year-long consolidation trend?](https://preview.redd.it/1dy0cg2o4z781.png?width=1628&format=png&auto=webp&s=798b2cd2833a308639912adadf5159ce5667b4cc) + +What are the market signals of a short squeeze? What should we be looking out for? + +I thought a bingo card would be fitting for this. As a way to track indicators we see in the market signaling potential for a short squeeze. + +https://preview.redd.it/9l2kbaqx6z781.png?width=467&format=png&auto=webp&s=66cf3e1898691cfc63f66a944a655ec5ba91599b + +# I. 52-week Lows. + +This is especially important now. I have long hypothesized that Melvin was responsible for the "raw" shorting of GME, while bigger entities like Citadel, Susquehanna, and Point 72 were shorting the entire sector. Current data looks like they are doubling down. + +*\*More on this thesis here in* [The Book of MOASS DD](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +[GME's 250 day exponential moving average ](https://preview.redd.it/tk4uugge8z781.png?width=1625&format=png&auto=webp&s=d5cfe8d267f185c9613912194f0864c1535ac3c5) + +Over the last few weeks we have seen a massive attempt to short not only GME but the whole retail sector. With fears of omicron and possibility of more lockdowns on the horizon this may be SHFs last opportunity to double down on the play they failed at so badly last year. This shows a sector wide trend of massive shorting not only on GME but most NA retailers. + +[This is just a small subset of retail stocks that I track in comparison to GME](https://preview.redd.it/sqc5kln1az781.png?width=2460&format=png&auto=webp&s=d2d1f69c5e1d65f0ffcdd5a91d3eedd841687ef4) + +Since these stocks are all trading so low and the indexes are approaching all time highs, it goes without saying that they are not trading at "fair value". + +The snap back to fair value of the entire consumer discretionary sector could be viscous. + +# II. High short interest/volume + +Well we can leave GME's reported short interest out of the equation here it has been misreported all year and nothing on that front has changed. But there have been some interesting developments over the last month in short volume. + +[This shows a volume driven short position occurring over the last 2 weeks. ](https://preview.redd.it/jugawsxpiz781.png?width=2152&format=png&auto=webp&s=2a02ba1dab570ce280d912ff65d7e34854e0847a) + +Much of this sale volume occurring due to ETF share creation and bona fide market making as evidenced by the number of ITM put contracts opened during this period and by ETFs like XRT being placed on the threshold list as of December 17th. + +[Put Flow for GME for the last month peaking on Dec. 10th](https://preview.redd.it/l47p44khnz781.png?width=848&format=png&auto=webp&s=166e359aa575296dc200cd4fd7e8a10c961fc7dc) + +This high amount of shorting creates FTDs in + +* Bona Fide MM - T+2 + 35c +* ETF Creation - (T+3) + (T+6) + 35c + +*\*T+x represents trading days, and 35c represents calendar days* + +Lastly we have some interesting data pop up from ORTEX and Refinitiv over the last few weeks as well, while these will be labeled as "glitches", it seems far more likely that this was simply data that was not supposed to be reported. Most of these systems are automated and aggregate data from multiple sources if data pops up they simply report it. Whether it was supposed to be seen or not. + +[ORTEX showing days to cover increasing to levels not seen since last January. ](https://preview.redd.it/kxe3kcpyqz781.png?width=839&format=png&auto=webp&s=29214a9bce4c3a4771f2c996949790b7d54599a8) + +&#x200B; + +[Refinitiv showing GME SI at 113&#37; on Nov 15th](https://preview.redd.it/8vwwmr89rz781.png?width=1479&format=png&auto=webp&s=15b90232185ba92b3eb71b734df5f9b6f7c9b143) + +# III. Changes in borrow rate +/- + +Since April we have seen little to no change to the GME borrow rate from the two sources I actively track everyday (IBKR and Fidelity), the lack of increase in this rate meant that GME shares were not actively being borrowed from brokers. + +As long as volume remains low and sufficient shorts can be obtained synthetically, there is no reason for short to make themselves beholden to the lenders (it is cheaper to create a synthetic and FTD). Additionally I think many shorts were cut off institutionally back in June. + +https://preview.redd.it/08lm619msz781.png?width=748&format=png&auto=webp&s=72400e9f0ecc89f5ec3ad119c29ee3cf3a08f2cb + +Possibly also cut off from other less "public primes" we see GameStop borrow rate stagnate with IBKR at 0.5-6% since July. + +https://preview.redd.it/ouusi5caxz781.png?width=1248&format=png&auto=webp&s=0b5284ef7e3c899b33bc82cb48e8fc6584e86076 + +Until Dec 17th when the borrow rate increased 120% on IBKR to 1.1%. While this change is minimal it shows the first large interest in borrowing shares of GME from brokerages since the dip in July. + +[120&#37; borrow rate increase on the 17th](https://preview.redd.it/ek8e5u85wz781.png?width=1404&format=png&auto=webp&s=acd332c2c95fadafa34a9b65459de65496b4cfba) + +Additionally GME containing ETFs have all had their borrow rates increase over the last 2 weeks as these are currently the primary source for GME synthetics. + +[thanks to u\/Turdfurg23](https://preview.redd.it/ixcrycslwz781.png?width=477&format=png&auto=webp&s=40cc9d19a01e20e96b97305fc7af07954dcd6157) + +# IV. Strange behavior of ITM call options + +About 17 days ago u/yelyah2 noted a massive increase in GME Delta Sensitivity, this was followed almost immediately by a run of the most significant shorting we have seen all year on GameStop. + +This same delta spike occurred last year and while it didn't directly correlate to a movement in the underlying I think it presented a large wall of gamma exposure the writers of naked call options would rather avoid. + +If we look at last years price action in the same period the run after November's gamma exposure was also heavily shorted. But then Ryan Cohens filing was amended on December 21, 2020 an additional 2.5 million shares. The buying of which and subsequent hedging drove the price up 68% in a few days. Capitalizing on that increase in Delta Sensitivity. + +[December 2020](https://preview.redd.it/k1oi0bpy00881.png?width=2454&format=png&auto=webp&s=6bd0a0ca672cc3e588d4ad33d56acd901078100a) + +This year there was no such buy-in (at least none reported so far) and so they were able to short the stock and dodge the hedge. Leaving millions of dollars of call options that were once ITM now OTM and thus avoiding the Delta Sensitivity spike and reducing Gamma Exposure at the cost of creating an equivalent number of FTDs. By offsetting this price improvement they are able to improve the price at a later date when the risk of a gamma ramp due to high delta sensitivity is minimal and potential gamma exposure is reduced. + +[The \\"FTD Delay\\"](https://preview.redd.it/p1ts21iu20881.png?width=2458&format=png&auto=webp&s=f71ea36d71161b6dbb828e530d9125ace7ed435a) + +This behavior appears as a desperate attempt to avoid levels of exposure that would be damaging to the margin of the writers of these call contracts. This is often referred to as the "Dip before the Rip" when observing other short squeezes as FTDs pile up on the other side and a FTD squeeze begins. + +\*A note here on short squeezes, almost all short squeezes begin with an FTD squeeze. Last year in January we saw this occur and it lead to a volatility squeeze (volga/vanna squeeze) as indicated in my previous DD (proved by looking at the deep OTM put data for last years run). + +OI on January 21 2022 0.5p on Thursday, Jan. 21 2021 + +https://preview.redd.it/xi1vw7ud40881.png?width=2324&format=png&auto=webp&s=597c295a0615fd7f92edc5d7b0b3ab591c89964d + +OI on January 21 2022 0.5p on Tuesday, Feb. 2 2021 + +https://preview.redd.it/2xcekz7r40881.png?width=2324&format=png&auto=webp&s=5482075c8d8141c46b0515dacfd907fe728bed2a + +More on this in u/Zinko83's DD on Variance Swaps + +There is a Tier List, if you will, for short squeezes. + +[As per the SEC report last year we never saw a \\"Gamma\\" or \\"Short\\" squeeze. ](https://preview.redd.it/z3oh181m60881.png?width=1946&format=png&auto=webp&s=2aac7c3b4fd19c8643bceba6424016a804d10946) + +# V. Upcoming major catalyst + +This one is a bit debatable. A lot of interest was pinned on the LRC announcement last week, while awesome for future potential not the catalyst people were hoping for. + +I think if there ever were a time for RC and GME to announce something it would be in the next couple weeks as we approach January with all the nostalgia of last year it could truly be magnificent timing. + +But I'm a long term investor in GME regardless and no announcement will mean they are not ready to make one and am perfectly content to wait. + +GameStop's c-suite is not the only source of a catalyst, however. + +I think with recent squeeze announcements from the likes of JP Morgan and the massive wall of FTDs coming up from January 10th - February 8th added to the social trends on GME picking up over the past couple weeks as we move toward another January. + +The catalyst may already be in place. + +# VI. Stock trading at a discount + +This is more of a fundamental take on factors that create a short squeeze. As a company succeeds and is trading much lower than it's competition it draws interest due to the nature of it's discounted price. Implying that the market is not realizing a "fair value" and buy pressure is due to increase. This is something DFV would have loved about GameStop as a value investor. + +[GME in comparison to competitors across several sectors it could be valued in.](https://preview.redd.it/i8wt4zttb0881.png?width=1329&format=png&auto=webp&s=563e4ac934fc422136c5310ba418417ab7c6326b) + +GME obviously trading at a discount to large video game developers and manufacturers, very cheap as a future e-commerce play, and even relatively cheap in it's current sector as well. + +I think a fair analysis on price alone would rate GME a buy. + +# VII. Weird stock behavior? + +I think this one goes without saying + +* A hundred dollar price drop in the past 2 weeks +* Prime Lenders announcing squeezes +* Market instability +* Billions spent shorting an entire sector +* 3 of 3 retail ETFs added to the RegSHO Threshold list in the last 2 weeks contain GME +* Massive Delta sensitivity spikes out of nowhere +* Cyclical price action completely detached from fundamentals +* Market watch keeps trying to get me to "Forget GameStop" +* Etc... + +# VIII. Shares available to short approaches zero + +This hasn't really happened yet, However borrowable shares from Fidelity and IBKR have dropped significantly just in this last month from a high of around 3.5m earlier this month to around 770k as of last Friday. + +So while there is a decent decline we do not have visibility across the entire lending pool as retail investors. However this statistic is tied to the rate. As shares become more scarce the rate should go up. + +# IX. Institutions are loading up + +Everyone is pretty aware of JP Morgan's bullish position announced a little while ago, for those of you that don't JPM reported an increase in holdings of $11.8m in shares and $3.6m in calls, with $0 dollars in puts. + +Bullish... + +But has anybody else jumped on the bandwagon? + +These are some new HF positions that look to be long as of 9/30 reporting. + +https://preview.redd.it/n9x2uprek0881.png?width=2526&format=png&auto=webp&s=d10a9eaae681211c3ede2122b9e98b6fb483efd8 + +Their are some new ETF inclusions as well. + +I wouldn't say this is the massive institutional pile-on I would expect with such a strong signal from JPM. But, the last 13f reporting was significantly before our current dip and many institutions may have taken advantage of the cheaper price and we don't know yet. + +I still consider the obvious signaling from JPM to be a strong sign that ownership will pick up in the next reporting cycle. + +If that isn't sufficient I'm sure that ETF borrowable becoming tapped out will be another very strong signal to institutions as well. + +# X. Conclusion + +I think there is some strong evidence that we are entering an at least volatile time for GME in the coming month. If the potential for a squeeze is going to be realized...well only time will tell. But in the meantime here is my bingo card so far. + +&#x200B; + +[7 out of 9 ](https://preview.redd.it/g5e9gmpsl0881.png?width=452&format=png&auto=webp&s=e3c0360cd561a0eec960825a43b0d659e3485b23) + +**As always feel free to check out my profile for my other DDs and more supporting evidence of why I believe January has the highest potential for a short squeeze.** + +**Buy, Hold, DRS, Exercise** + +Whatever you choose they are all effective in their own way. + +Happy MOASSMASS ! + +🦍💕❄🎄 + +\- 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 you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +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). +I'm 33 (34 in August, fucking ancient). I was working during the 2008 crash. This seems worse. But I learned a lot and you autismos should listen up: + +1. The put money is raining right now so load up. But it's getting worse everyday as premiums get higher. Don't hold over night unless you got long dated exps. And don't go full retard right now and sell calls, we will have big bounces to come. + +2. Max your fucking 401ks. Just keep fucking buying. Bathe in red ink. You will love it. In 2030 these prices will look ridiculous. I'm still not below where I bought in during the last crash and we got more pain to go. + +3. Use the fucking put money to go long on cheap ass blue chip stonks and you will retire young. This opportunity won't last forever. + +4. Money is mostly bullshit, wash your fucking hands and take precautions. Learn to meditate, work out, sleep enough, etc. + +5. Fuck you guys for finally winning. + +Edit: this is my first gold and highest upvoted post. Thanks wsb. I'm not going to answer most questions directly sent to me at this pt as I'm getting hammered but do your research. Blue chips are household name companies that are HUGE. If you don't know this lingo gtfo of this subreddit. Bear markets will fucking eat you alive. Stonks were on easy mode for 11 years until three weeks ago. Now you gotta fucking earn it, but the returns are there. Always play your fucking video games on max difficulty , don't be a bitch. +[https://www.sec.gov/Archives/edgar/data/886158/000092189522002496/sc13da313351002\_08182022.htm](https://www.sec.gov/Archives/edgar/data/886158/000092189522002496/sc13da313351002_08182022.htm) + +&#x200B; + +Confirmed. As expected. Apes wrong forever. Enjoy your bags apes. +And I'm not sure what to do. + +I'm 29, married, and my wife and I decided to buy a home in May of 2018. At that time home value in Louisville had dipped before the covid boom...we managed a 2 bed, 1.5 bath 800sqft Cape Cod with a mostly livable basement, front yard, fenced back yard, on a corner lot with a detached 2.5 car garage that has power and water. We saw it at 79k (somebody flipped it after the elderly previous tenant passed,) and we LOVED it. We still love it, we appreciate our value. + +But now our home is worth almost double what it was before....and my wife and I are debating on executing some very old plans to move to Florida - depending on other factors such as her work. We've ALWAYS said that if we were to move, we'd keep this house...but if my wife gets this job in Florida, it squeezes our timetable by a lot. + +To complicate matters, I am a veteran that is eligible for a VA home loan - a thing I had not used to finance this current house. + +My dilemma is....should we just dump the current house and use that to finance a new house down in FL - with or without the assistance of the VA? Or should we find a way to keep our current home in our possession - at a rate that is truly more manageable than our car payment - and hope to be able to finance two properties at the same time? probably through the VA. + +We have many friends and family here in KY that are certified in various technical skills and have helped on this property before, and we are assuming there will be a fee to manage the property properly through a professional network, but I have no real idea what such a service would cost. +There is hardly a week where someone doesn't come in, asking why their account was blocked for 'review purposes'. And let me tell you, most of those times they are blocked for no apparent reasons. I had plenty of those whose accounts have been blocked for weeks, they had no access to their money, and in the end, the 'suspicious transactions' were transfers from family, or, even funnier, someone e withdraw THEIR OWN MONEY from bank A, transferred to bank B and then back to bank A. +And my bank has the audacity to ask about the source of funds, depriving them of often their only money source. Because banks don't allow you to withdraw anything until they are done doing their review. And what happens when it turns out to be banks mistake? You can file a complaint and... That's about it. Go deal on your own with the investments you lost, food that you didn't have etc. +Here is why Bitcoin is needed. So that some enormous corporation can't ask you 'Where did that $1000 come from?'. Oh, and if you answer them the same day, good luck getting an answer in anything less than 2 weeks. They just don't care, as long as they can work your 'potentially unearned' funds. + +Also, they block your accounts if you invest in BTC. because terrorism, right? No, because they want you to put your money into their 'fantastic deal' 0.01% APR savings accounts, instead of staking for a MUCH higher percentage. +I have a handful of posts in this subreddit earlier this year asking for advice on using a 7 figure TSLA position to sell CC's and CSP's to get more TSLA shares. I'm writing this post to share an update in case it's helpful for others. I didn't start consistently executing this strategy until February other than maybe a handful of trades in January. There have still been some weeks where I haven't sold covered calls as well due to fear of a large upside move but here are my results. + +*If this is of value to others, I'll do quarterly updates and link to the old posts. If it's not valuable, just downvote.* + +**TSLA Thoughts:** + +I am a huge TSLA bull. I bought shares for years prior to the large run-up last year. I believe Tesla will be the world's largest company before 2030. Potentially something earlier like 2025 or 2027 depending on a variety of factors. Plenty disagree. That's fine. + +Long term, I'm trying to get as much TSLA as I can. + +**Current Tesla portfolio:** + +* 3,762 TSLA shares ($2.5M) +* Occasionally some LEAPS that I buy when I think TSLA is weak, short-term calls in TSLA but a max of $10k in a trade like this. (small percent of account but not really thetagang material though) + +**My strategy:** + +I sell a combination of covered calls and cash-secured puts on TSLA with the help of my margin in an after tax account and covered calls in retirement but no margin in retirement. My goal is to not get shares called away. On my covered calls, I sell weekly covered calls that are pretty far out of the money. I'll try to track my delta better next quarter but it's probably always less than .1 on every trade other than the CSPs. I also wait and strategically sell covered calls based on various events I know are coming up (e.g after Ark Invest released their new price target on a Friday I sold on a Monday after it ran up a bit in the AM). + +* For the CSPs I sell them 30 - 45 days out and will close at around 50% - 70% profit +* For the CC's, I sometimes roll on a Wednesday to the following Friday if it's a strong day of gains + +**Main failure in Q1:** + +TSLA's first drop down to $620 I ended up buying to close many of my CSP's at a loss. In total, I lost something like $40k. I really wasn't thinking very clearly and let emotions rule me fearing that the market was going down. Had I just held on the price of TSLA recovered that day back up to around $700. None of the CSPs were expiring soon at the time. + +For me, I only learn by experience and I'm fine losing money while I learn. + +**Overall results:** + +I have other stocks that I have sold covered calls on but I'll exclude them from the results. + +* Retirement account: 1600 shares +* Started early Feb: **$13,570 in gains to date** + +* After tax account: 2162 shares +* Started in Feb: **$6,388 in gains to date** +*(Caveat: I have $20k in short term TSLA options gains that have buyoed these results that aren't really thetagang material, so without those I'd still be digging out of the hole a bit).* + +When I began this strategy I was looking for something really low risk like .1% per week selling covered calls. So for example, a 4/16 815c would qualify based on Friday closing price of $677. Now I find myself being a little more aggressive in my retirement account because getting called away isn't a taxable event. I'm less aggressive with covered calls in my taxable account but I'm more aggressive with my CSPs mostly selling ATM or 10% OTM (below current strike) because a worst case scenario of being assigned shares above the current price of TSLA isn't too much of a concern to me. + +Additionally, at first I was looking to just buy TSLA shares but now I'm doing a bit of both. I'll buy TSLA with premiums if I think the share price is low and other times I'll buy other stock. I have a couple hundred shares of TWTR that I bought just using covered call premiums for instance. + +I believe Q2 will be a better indicator of how I can do with this strategy when I do it more consistently. + +I'm interested in any feedback and I should mention I am not an expert at all. I am just trying to find ways to use a large account balance to make more money. If I include other stocks for my retirement account that I sold covered calls on then my results for Feb - April so far are more like $30k+ in gains. + +**Thoughts on risk** + +Note: Right now I have 7 CSP's on TSLA at various strikes and I know that this opens myself up to some risk. I have the cash available to buy the shares if I had to from other investments so I look at what I'm doing as risky, yes, but not something that will break me. +Some people have what is called here in New Zealand “tall poppy syndrome”. People become envious and resentful when you got rich or more successful than them. + +Some people will go like “Wow, you’re rich now. Can you lend me $10,000. You have got $1m, $10,000 is nothing mate. Right?”. It will put you into a dilemma, and we know - if you lend them $10,000 you might lose $10,000 and your friend as well. + +Some people will try to scam you. This is especially true if you go tell the world on the Internet about your wealth. + +Some people will tell other people about you getting rich from crypto as if you won lotto. They will think your gain is ill-gotten and you don’t deserve it. + +Some people will be like “Oh you should have told me about this opportunity mate”. Right, even if I told you back then, you wouldn’t buy anyway!! + +So save yourself some trouble. Keep your mouth shut, keep your seeds safe (and please use protection - even with your girlfriend!) +Came across this interesting article about building wealth. Here are my key takeaways. I would like to hear your thoughts on it. + +[https://www.latimes.com/business/la-fi-landlords-business-owners-20181105-story.html](https://www.latimes.com/business/la-fi-landlords-business-owners-20181105-story.html) + +>In the United States more than almost anywhere else, wealth and income are concentrated among business owners and landlords. That club, blessed by capitalism, is becoming increasingly difficult to join. + +Not sure if this claim is true because there are certainly lots of people who built their wealth through traditional passive investments like 401k, Roth IRA, index funds. This sub is proof of that. + +>In every country Fessler and Schürz studied, homeowners’ wealth hovers near the national average. The biggest gaps are between those who own businesses and rental properties and their customers and tenants. The top 5% are most likely to own businesses or rental properties. The authors found this polarization has increased since 1962. + +Seeing this kind of stuff makes me wonder if I should get into real estate investing. I hear it involves lots of debt which is something I'm not good at dealing with. + +&#x200B; + +Are you folks sticking with passive investing or investing in real estate as well? +Welcome to a new era of Crypto. + +Safewages aims to give its holders a constant stream of income. + +Safewages Contract is audited and KYC was done - The token launched in partnership with FungieDAO. + +Simple yet effective. + +SafeWages rewards each holder with 25% BUSD reflection on each buy and sell. + +An extra 2% is sent straight to the marketing wallet to boost the project and 1% to LP wallet to stabilize the token. + +Their state-of-the-art anti-whale system will help you forecast dumps: + +Each wallet cannot hold more than 1.5% of the total supply at any given time. + +Each sell cannot be greater than 0.2% of the total supply – This doesn’t stop people from selling, however, it helps forecast whale dumps. + +&#x200B; + +**Highlights:** + +&#x200B; + +🔥 50% Burnt Before Launch. + +❤️ 25% BUSD Reflection. + +📊 2% Marketing Fee and 1% LP Fee. + +🎯 1% LP Fee. + +⚙️ Utility Token. + +🔒 LP Locked At Launch. + +✅ Audit and KYC + +&#x200B; + +**Key Features:** + +Innovative + +First token to grant 25% BUSD reflection. + +Safe + +LP locked after launch. + +Useful + +From NFT Marketplace to use in shops you will find SafeWages useful. + +Roadmap includes NFTs Marketplace, ability to buy SafeWages using your debit/credit card, partnerships with shops and more. + +&#x200B; + +📲TG: [https://t.me/SafeWages](https://t.me/SafeWages) + +👉 Website: [https://safewages.co.uk/](https://safewages.co.uk/) +Markets seem to really love this move and if the Tiktok deal goes through it's almost like a "free" purchase for MSFT with their stock gains. + +According to Forbes Tiktok is estimated to be worth about $50B right now: https://www.forbes.com/sites/elanagross/2020/07/29/a-reported-takeover-bid-values-tiktok-at-50-billion + +MSFT is also sitting on about $140B in cash at the moment too so an all-cash deal is also possible. + +Imagine buying a $10 burger and getting $12 back on it. +From the article: + +> NEW YORK, April 25 (Reuters) - Twitter Inc (TWTR.N) is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc (TSLA.O) has called his "best and final" offer for the social media company, people familiar with the matter said. + +> Twitter may announce the $54.20-per-share deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said. It is always possible that the deal collapses at the last minute, the sources added. + +https://www.reuters.com/technology/exclusive-twitter-set-accept-musks-best-final-offer-sources-2022-04-25/ + +This was a fast turnaround from their "poison pill", if true. +https://www.wsj.com/articles/global-stocks-markets-dow-update-04-22-2022-11650613003?mod=hp_lead_pos1 + +Worries about slowing corporate earnings and the Federal Reserve’s plans to rapidly raise interest rates dragged the Dow industrials to their worst day since 2020. + +Investors this week parsed first-quarter financial results from a range of firms in search of clues about the health of the economy, the consumer outlook and companies’ ability to cope with inflation. Of the companies that have reported so far, about 80% have beat analyst expectations, according to FactSet, which has helped provide some stability to the U.S. stock market. + +“Usually when the economy’s slowing down, or there is a perception it’ll slow down, there are obvious sectors to hide in. Those traditional sectors aren’t as safe from an earnings basis as they are historically because they still are going to have negative impacts from inflation,” said Tavis McCourt, institutional equity strategist at Raymond James. + +The Dow Jones Industrial Average posted its worst one-day percentage change since October 2020, losing 981.36 points, or 2.8%, to close at 33811.40. The S&P 500 dropped 121.88 points, or 2.8%, to 4271.78, while the Nasdaq Composite fell 335.36 points, or 2.5%, to finish at 12839.29. + +The recent rise in government-bond yields showed signs of steadying, with the yield on the 10-year Treasury note ending Friday at 2.905%, down two of the past three trading days. Yields staged a climb earlier Friday before reversing course. Bond yields rise when prices decline. + +Healthcare stocks are often considered defensive, with money managers betting that consumers will pay medical bills before making discretionary purchases. The S&P 500’s healthcare sector fell 3.6%, its worst day since June 2020. + +Concerns about inflation and the pace of monetary tightening by the Fed also remained at the forefront of investors’ minds this week. On Thursday, Fed Chairman Jerome Powell gave investors a clear signal that the central bank is ready to tighten monetary policy more quickly and indicated that it was likely to raise interest rates by a half-percentage point at its meeting in May. + +A rate increase next month, following the Fed’s quarter percentage point increase in March, would mark the first time since 2006 that the central bank increased its policy rate at back-to-back meetings. + +Mr. Powell’s comments injected fresh volatility into a stock market that has been whipsawed this year by the war in Ukraine, soaring inflation and rising Covid-19 cases in China. + +“The market is finally internalizing and factoring in the reality that the Fed really means what it says and it’s not going to back down,” said Tim Courtney, chief investment officer of Exencial Wealth Advisors. “Somebody had a saying, and it’s pretty + good: ‘You don’t fight the Fed when the Fed is fighting inflation.’” + +In commodities, Brent crude, the international benchmark for oil, fell $1.68 a barrel, or 1.6%, to $106.65. It fell 4.5% this week. + +--- + +Just want to add, there's been some negative correlation between oil and the rest of the market, but today everything was bloody red. +Currently at the Michigan vs. Colorado St. game. As soon as the first half buzzer went off, almost in sync, I watched roughly 6 people all immediately turn on Instagram. More followed a few minutes later, and even saw someone watching a YouTube video of one of Michigan’s previous games this year. + +Does this count as DD? +Value investing can be a tricky. Every investor hopes to make the most of their investments, but sometimes things don't go as planned. + +Knowing what could potentially go wrong and avoiding common pitfalls is essential for making successful investments. What are some of the most common investing mistakes value investors make and how to avoid them? +So I just sold my apple shares, with a good profit. I really like the company, they are doing a lot of things right, I also believe that growth will continue, but at a lower rate. So as a value investor I‘m always in a conflict when selling a good company. But the price was just too high for me. There have been a couple of times when I sold too soon (e.g. tesla, apple previously) but if I can’t really justify the price I‘m getting nervous about my holdings. My questions now are if some of you still buy apple at this price and how you deal in those kind of situations. Thanks in advance. +Over the last few weeks, there have been some anomalies which have been bugging all of us. + +1. We've been trading sideways for a while now within a narrow range +2. The borrow rate on such a volatile stock is ridiculously low +3. The volume has seemingly dried up +4. Yet it does not appear that shorts have covered +5. SEC seems to be sitting idle on their hands +6. **WE** see the deep ITM calls and FTDs, so DTC and OCC **MUST** also see these since their systems are clearing these trades + +I think the answer is actually really simple: **there is no single Long Whale**. + +**DTC, OCC, and SEC are collectively the Long Whale bending the rules to keep the price stable...for now.** + +On JAN28, they saw what happened and saw the systemic risk that GME shorts would pose so they allowed RH and Citadel to bend the rules. Otherwise, it would have impacted **all** DTC and OCC members. + +In response, DTC issues SR-DTC-2021-004 and OCC issues SR-OCC-2021-003 and SR-OCC-2021-004 which firewall members from defaulting members and allow orderly liquidation of defaulting members. + +([If you want more insight into SR-DTC-2021-004, SR-DTC-2021-005, SR-OCC-2021-801, and SR-OCC-2021-004, see my post here](https://www.reddit.com/r/Superstonk/comments/mkju4s/srdtc2021004_and_srocc2021801_for_apes/)). + +# Why We're Trading Sideways + +In astrophysics, there are points in space known as [Lagrange Points](https://en.wikipedia.org/wiki/Lagrange_point) which provide orbital stability in multi-body systems. + +Contrary to the popular notion that Citadel is using a short ladder to stabilize the price, I believe that DTC and OCC members who are not exposed to GME short positions are working together to stabilize the price within a narrow, neutral range. The reason is not because of "max pain", the reason is to wait for the firewalls (see the link above) to be in place. In other words, all parties are trying to keep GME (and perhaps other shorts) in "monetary Lagrange Points". + +Price volatility can easily cause this to launch before DTC and OCC members are ready. They know that retail is largely tapped out (obvious by lack of volume) **unless** sudden volatility draws in more retail buyers that will move the price faster than they can control. + +So who is stabilizing the price? The non-defaulting members of DTC and OCC collectively to protect their assets from defaulting members. Shorts are buying the deep ITM calls or dark pools to carry their FTDs. Non-defaulting members are laddering up and down to maintain the price stasis. + +I do not believe the shorts on their own have enough capital/tools to stabilize the price like this (as we saw with the chain reaction in JAN and FEB). + +**APR14 EDIT**: [The SEC filing for the Apex merger reveals an interesting lawsuit that confirms some of this](https://www.reddit.com/r/Superstonk/comments/mq4gfi/sec_filing_merger_with_brokarage_detailing/) ( u/jamiegirl21 ) + +[\\"Apex, along with over 30 other brokerages...including...Citadel and DTCC engaged in a coordinated conspiracy\\"](https://preview.redd.it/0hkqx11ha5t61.png?width=909&format=png&auto=webp&s=dec1e70d8e6d2c25baed28104ce460f487500368) + +# Why Is the Borrow Rate So Low? + +The borrow rate is a function of risk for an institutional holder. If you want to borrow 100,000 shares from Interactive Brokers (IB) and they are only showing 125,000 shares to borrow, should the fee be high? Only if IB thinks that they won't be able to locate those borrowed shares to complete transactions. We are now operating with extremely low volume so the risk of not being able to locate a share to fulfill a transaction and having to purchase at a premium on the open market is extremely low right now due to the low volume and volatility. The fee is low because those shares are just sitting there with no one transacting them and no risk of IB not being able to fulfill a transaction. + +[One has to wonder why Interactive Brokers has been keeping the fee so low since 2021JAN28...Hmmmmm. Almost like everyone had an \\"OH SHIT\\" moment.](https://preview.redd.it/pn563jl11ds61.png?width=1144&format=png&auto=webp&s=c578a0262171d9a3c002ced98f8366b2ffec60bb) + +For reference, here is the volume leading up to the JAN28 compared to the last 3 days: + +|JAN22|197,000,000|APR06|6,000,000| +|:-|:-|:-|:-| +|JAN25|177,000,000|APR07|4,770,000| +|JAN26|178,000,000|APR08|10,000,000| + +No volume (no transactions), no risk; shares are just stationary sitting there. + +Based on the FEB24-25, MAR10, and MAR25 blips, it seems we need at least 50,000,000 volume to see any significant action. + +# Why Is There No Volume? + +Retail is out of the picture at this point. Retail has already put a lot of their liquid capital into GME. Reddit confirmation bias would have you think that everyone is buying tons of shares. But the reality is that to buy just 10 shares requires $1600-$1700 right now and we can plainly see the paltry volume since MAR16. The price stasis and news cycle has suppressed new retail from jumping in. The MSM is not being manipulated by Citadel or GME shorts; they are being manipulated by all of DTC, OCC, and SEC in order to prevent retail from creating volatility. + +Why haven't institutions bought like mad? They are largely part of DTC and OCC or their trades are cleared by DTC and OCC members so they have "agreed" (perhaps "decided" is a better word) to hold the current price stasis until DTC and OCC can be protected from the GME short fallout by DTC-004 (already in effect) and OCC-003 and OCC-004. Without SR-DTC-2021-004 and SR-OCC-2021-004/003 in place, shorts reach into everyone else's cookie jar to pay for the default. + +OCC-004 also has another important blocker: the recruitment of non-Clearing Members as auction bidders; this process is likely already underway right now. (Rich guys are going to get short HF assets at discount). Keep in mind: BlackRock is *not* an OCC member, but the second proposed change in OCC-004 will allow non-Clearing Members to participate in a member suspension asset auction. + +# Why Is the SEC Sitting By? + +SEC knows what's [going](https://www.sec.gov/news/closedmeetings/2021/ssamtg032521.htm) [on](https://www.sec.gov/news/closedmeetings/2021/ssamtg040821.htm). The SR's themself are DTC and OCC communicating the architecture of the squeeze in broad daylight. + +DTC and OCC clear every transaction on the market. They are smarter than us. If we can figure out what's going on with the deep ITM calls, FTDs, and other shenanigans, the DTC, OCC, and SEC sure as hell know what's going on *because they architected it*. + +SEC is allowing DTC and OCC to firewall non-defaulting members from the defaulting GME shorts via DTC-004, OCC-003, and OCC-004. + +Everyone has agreed that the GME shorts are going to default. + +# How Can No One See What GME Shorts Are Doing? + +They can. In fact, they are probably working with GME shorts to maintain this price stasis with the tacit understanding that they will be wiped out in a default, but in order to protect the DTC and OCC, they will work together in exchange for perhaps leniency or more likely total lack of punishment and perhaps a legal shield from the DOJ in exchange. + +# So the Launch Is Still On? + +It is all but a given; why else would they react so quickly with DTC-004, OCC-003, and OCC-004 which define the procedure for recovery and wind down and liquidation of a defaulting member? + +# Wen Moon? + +**SR-OCC-2021-003** was filed on **2021FEB24** and has a **45 day window** from filing in which it can be put into effect if there is no objection (any time in that 45 day window). However, it can be **extended another 90 days** if the SEC has objections or further comments. + +**SR-OCC-2021-004** was filed on **2021MAR31** and has a **45 day window** from filing in which it can be put into effect if there is no objection (any time in that 45 day window). However, it can be **extended another 90 days** if the SEC has objections or further comments. + +My take is that these are **calendar days** because [the SEC has a very specific definition for business days](https://www.sec.gov/rules/final/2011/34-64251.pdf) and would use that term explicitly. + +**IMPORTANT EDIT 4/6/2021 7 PM**: SEC has pushed back OCC-003: [https://www.sec.gov/rules/sro/occ/2021/34-91483.pdf](https://www.sec.gov/rules/sro/occ/2021/34-91483.pdf) Pushed to May 31st max. Who bumped it out? SIG: [https://www.reddit.com/r/Superstonk/comments/mlolh7/occ801\_advance\_notice\_of\_occ003\_pushed\_out\_to\_may/gtnvq56?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mlolh7/occ801_advance_notice_of_occ003_pushed_out_to_may/gtnvq56?utm_source=share&utm_medium=web2x&context=3). + +# Won't Citadel and GME Shorts Keep Kicking the Can? + +They won't be able to. Citadel and GME shorts are not stabilizing the price; DTC, OCC, and non-member institutional shareholders are "coordinating" to stabilize the price right now. Once DTC and OCC members are protected, volume explodes, the borrow rates will go up, margin calls will trigger, and the squeeze is on. + +# Can't DTC and OCC Keep Doing This Forever? + +DTC and OCC members likely want to resolve this as much as we do. Everyone knows the GME shorts are going to default. That's why DTC-004, OCC-004, OCC-003 were created. They have already accepted these defaults as a result of the impending scramble to cover, but they are bending the rules at the moment to set up their firewalls. + +[SR-OCC-2021-004 Page 2: \\"Following the suspension of any Clearing Member, OCC would...ensure that the Clearing Member's suspension is managed in an orderly fashion.\\"](https://preview.redd.it/3qaxkmy9vjr61.png?width=585&format=png&auto=webp&s=05acdd8c9ad545e354b87357c633cb2fabdd610d) + +[SR-OCC-2021-004 Page 4: \\"on-boarding of...non-Clearing Members as potential bidders in future auctions of suspended Clearing Member's remaining portfolio\\"](https://preview.redd.it/myto818ovjr61.png?width=591&format=png&auto=webp&s=7374eeb971106751cb3cb63ab393fc1e9effb369) + +Look at that last image right there. Does that not look like a shark feeding frenzy to you? Rich investors are about to get short HF assets at a discount. + +# What Can Citadel and GME Shorts Do? + +They can delay OCC-003 (additional 90 days) and OCC-004 (additional 90 days). Why would they do this? To secure their own assets. I would offer [the Citadel hiring of Heath Tabert](https://www.bloomberg.com/news/articles/2021-04-01/citadel-securities-hires-ex-cftc-chairman-tarbert-as-legal-chief) as the vehicle by which they will delay; his job is to get the SEC to delay enactment or negotiate the wind down as favorably as possible for Citadel shareholders and leadership. + +[OCC-003 45 days from filing \(2021FEB24\) and another 90 days if further information is requested \(page 26\)](https://preview.redd.it/b96sjpiirtr61.png?width=737&format=png&auto=webp&s=38703e6ec9aab68f82af46df5b90adbb2903e453) + +[OCC-004 45 days from filing \(2021MAR31\) and another 90 days if further information is requested \(page 12\)](https://preview.redd.it/8gsokjew9fr61.png?width=739&format=png&auto=webp&s=95bd214f01c1bfb04485ab28807082eadcade646) + +My sense is that it is more likely that GME shorts are collaborating with DTC, OCC, and SEC to avoid punishment. DTC, OCC, and SEC are allowing them to play their FTD game to keep the price stable. + +# Why Doesn't The SEC Just Make OCC-003 and OCC-004 Effective? + +[Both DTC and OCC are Self Regulatory Organizations which is why the SEC doesn't \\"punish\\" them per se](https://preview.redd.it/ddoqu01u6gr61.png?width=720&format=png&auto=webp&s=c41359bc5c94979d64f8d31aa071d0aeecc702e6) + +DTC and OCC are **SROs** (**Self Regulatory Organizations**). Read those images above carefully. DTC and OCC make their own rules, approve it on their own schedule. They only need to show the SEC and let SEC comment or request further information. SEC does not "approve" the rules; they can only "not object" and let the organizations implement their own rules. + +The organizations themselves will make OCC-003 and OCC-004 effective when they are ready. It does not have to be at 45 days or 60 days; they can enact it at any time within that period as long as SEC does not object. Once SEC is on board, they can wait to implement the rule changes when the timing is right. + +Why are they not effective yet? I think there is still closed-door negotiations between the members themselves. The short HFs have no more negotiating power after this starts so they need to get everything sorted now. The non-defaulting members are working to recruit and qualify "non-Clearing Members" to bid on the assets during the liquidation: + +[SR-OCC-2021-004 Page 5: This is what is probably happening right now and when this is ready, 003 and 004 will be finalized and approved to start the process.](https://preview.redd.it/koyu5kor5kr61.png?width=592&format=png&auto=webp&s=d527ddad7c1c4bd93894ce11ff50350eae4547e6) + +Fidelity. BlackRock. Other GME longs? They're not OCC clearing members. Guess who's going to be feeding at the table on these discount assets? + +# Does This Change My Strategy? + +***No. Buy and hold shares.*** + +What you can take away from this is that we will not see significant price movement up or down for the foreseeable future until OCC-004 and OCC-003 are in place; you are literally fighting against all of Wall Street, even the GME long institutions. There is literally no point buying deep OTM options until there is a whiff of OCC-004 and OCC-003 getting close to implementation. We will keep trading sideways, borrow rate will be inexplicably low, volume will be absent, etc. until DTC and OCC members are protected and they let off the brakes; Citadel and GME shorts are not and have not been in control. DTC, OCC, and all non-defaulting members have been preparing for the default of GME shorts. + +Shift your mindset from "*Citadel is shorting the market*" or "*It's a battle between Short HF and Long Whales!*" to "*DTC, OCC, SEC, and the shorts are preparing for the squeeze*" + +If you believe that BlackRock is working with RC on this, they have agreed that they are going to wait to announce the CEO change not because they are waiting for Sherman but because they are holding price stasis until they are get access to the shorts' assets. + +# FAQ (My $0.02) + +**Q: Does this mean DTC/OCC/SEC can cap the price?** + +I do not think that they have a mechanism to cap the price. I think they have a model of the squeeze and have some approximations of the max share price we will hit, but I do not think they have a way to actually control the price once it squeezes. + +[SR-DTC-2021-004 page 12: My guess is that they have already simulated the squeeze with a variety of parameters including starting date, price, tranches of buying, etc. Everything is being scheduled and planned according to a model that yields the best outcome that they can reasonably predict. ](https://preview.redd.it/6sn9v3xxujr61.png?width=598&format=png&auto=webp&s=8609004e0f74850c0e97f143b4e6214887ef96f6) + +The current mechanism of price control is really simple: + +1. No one buy, no one sell unless absolutely necessary. +2. Keep borrow rates low to sustain downward pressure via shorting. + +When we squeeze, they let those two go and there is no way to control it; the upwards pressure is going to be immense. There **will** be fits and starts because of sell limits and paper hands. + +**Q: Do you believe in $10m/$1m/$100K/share?** + +It is not out of the realm of possibility that some shares will exchange at astronomical prices, but it will be a mathematical outlier. There's a non-zero chance, but it's a very, very small one. By human nature, many people are going to sell before it hits that level. Remember: Reddit is not the universe of GME holders; this group is the most diamond hand of apes around. But there are a lot of people who bought into GME who are not here on Reddit and even the ones that are on Reddit have their own designs on when the risk is intolerable. + +**Q: What about that dip yesterday morning?** + +Coordinated to counter the good news on Q1 preliminary results. We ended up right in our zone. + +**Q: What about that dip to $120 ahead of Q4 earnings?** + +You see a pattern? + +**Q: Why $180-$200?** + +I don't think this is a fixed position; it can move. Main thing is they are watching options and limits to prevent any significant movement one way or the other; it's not about "max pain", it's about "most neutral". There is some basis in psychology. At $75, for example, there will be more buying pressure. At $300, there will be more selling pressure. They may have even "tested" other price points for stability and found this to be a sweet spot...for now. It's not a science; they are also experimenting and observing. + +There will be some price movement up/down because it seems like they are still "playing by the rules" and occasionally need to buy/sell shares on the market as part of their operational strategy. Why? **Because they also want to avoid lawsuits**; I believe everything is being carefully done to avoid lawsuits with the slimmest of legality as cover. + +**Q: Why doesn't GME just do X?** + +I think SEC and BR are working with GME board to keep this orderly. Everyone is treading lightly right now to prevent this from breaking away into an uncontrollable squeeze. Even DFV has to resort to communicating with cryptic memes and tweets under threat of severe legal ramifications. + +I think that any major announcement will be presaged by a dip (earnings report, Q1 results). Some big triggers are going to be held off entirely until 004 and 003 are in place. + +**Q: This sounds illegal AF! Isn't this collusion to fix prices?** + +Is it illegal? Or are they just bending the rules? They are fixing the price by...not buying or selling in any significant volume. Is there a rule that they have to set a reasonable borrow rate? TBH, I don't mind. We get our squeeze and market doesn't self-destruct requiring years of stimulus and pain to recover. + +All of the activity they are engaging in now has a razor thin veneer of legality to mitigate possible lawsuits in the future. So they can't "break" the rules, they can just look the other way or bend the rules. Thus they still need to buy occasionally on the open market and price will move because at the end of the day, all parties want to avoid a mess in the aftermath. + +**Q: This is too fantastical; why would they cooperate?** + +1. **You are Short HF; you know you are done for**. What do you want? Some legal cover from lawsuits, time to hide your assets, some slim chance to survive. Your leverage is that you can put your hands in the cookie jar *right now* if you start covering because you can access OCC member contributions before you are liquidated, but you are going to get your ass sued without any legal cover. +2. **You are a non-defaulting member**. What do you want? Short HF's tendies at a discount and you don't want Short HF to touch your member contributions to shared funds for their mistake. What good is it for non-defaulting DTC and OCC members if GME goes up, but ***Citadel and GME shorts use your funds to pay for the default?*** You also don't want the entire market to crash and your portfolio go into the red. +3. **You are the SEC.** What do you want? This whole event to be over. You also have a directive to avoid system shock and tremendous systemic market risk at this moment so you need this thing to wind down in a somewhat controlled manner without breaking rules resulting in lawsuits. + +**Q: Aren't you assuming way too much coordination and collaboration? No way they work together.** + +Their legal and regulatory teams are already working together, coordinating, and collaborating on a regular basis. Look at the member list of DTC and OCC: + +* DTC: [https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/alpha.pdf) +* OCC: [https://www.theocc.com/Company-Information/Member-Directory](https://www.theocc.com/Company-Information/Member-Directory) + +Citadel, Robinhood, Interactive Brokers, Vanguard, JPM, Goldman Sachs, et al. Their teams are already coordinating on the regulatory changes and already in contact with the SEC. It's not like they need secret meetings to do all this; they already have an official mechanism for it in the context of their normal day-to-day business. + +What about non-members like BlackRock, Fidelity, and other brokers? End of the day, they are all part of the same ecosystem since they rely on DTC and OCC for clearing of their trades; they are all in constant communication. + +**Q: How would this even be possible?** + +To be honest, I have no idea of the specifics of the mechanism, but I can take a wild ass guess. Since all securities and options trades are cleared by DTC and OCC, they can simply use existing tools to restrict or perhaps deter the inflow of orders. [The DTC fee schedule may have an answer](https://www.dtcc.com/-/media/Files/Downloads/legal/fee-guides/dtcfeeguide.pdf). The recent focus on "dark pools" may also provide an answer. Large institutional holders can lend their shares for shorting and can set their own fees on short borrow rate; perhaps the low rate is also a function of the low volume because the low volume means the shares are just sitting there, not being transacted. But the gist of it is that they don't have to break rules to do this; they have to creatively use existing tools to restrict volume. If Citadel can get RH to disable the "Buy" button, than clearing members definitely have tools to restrict order flow by perhaps simply increasing cost of certain types or sizes of orders and transactions. + +**Q: What about X as a catalyst?** + +They may time the finalization of OCC-004 and OCC-003 with a catalyst, but a catalyst is no longer necessary. You have to realize: they are basically holding the price down by 1) not buying, 2) not selling, 3) suppressing interest rates. Once they stop doing these, the squeeze will immediately start without any additional catalyst necessary because the price is being held stable right now artificially. + +The true catalyst is not going to be seen by the public; it will be when they have bidders lined up for the asset auction and everyone has crossed their "t's" and dotted their "i's". + +**Q: What about NSCC-801?** + +I think that the GME short situation has been very fluid and volatile. I think that *at one point*, they may have wanted to try to force the squeeze via margin call or increased liquidity thresholds to get it over with. When it was in the $20's or $40's or when they thought that the shorts were just a wee-bit short, they may have thought that having the tools to margin call the shorts would end this thing. + +Once they observed how bad the situation was, the whole game plan changed to focus on mitigating fallout. Changes like NSCC-801 that could trigger the squeeze may be counter productive without getting the firewalls in place first for the fallout. It's like trying to pop a zit then realizing its actually advanced melanoma. Once you realize it's melanoma, you need to treat that very differently than if it was just a big zit. + +**Q: Why doesn't some rich foreigner just buy millions?** + +They go through brokers. Also, the rich foreigners will work with the non-defaulting members to buy defaulting member assets at a discount at auction. See my screenshot above from SR-OCC-2021-004 page 5. + +**Q: So...we getting paid, right?** + +Yes. **Without a doubt, the squeeze is being "scheduled"**. But there is ONE nagging issue in the back of my head and it is tucked into SR-DTC-2021-004 page 9. They changed this: + +>As the owner of the securities, DTC has an obligation to its Participants to distribute principal, interest, dividend payments and other distributions received for those securities. No alternative provider is available. + +To: + +>As the owner of the securities `on the issuer’s books and records`, DTC has an obligation to its Participants to distribute principal, interest, dividend payments and other distributions received for those securities. No alternative provider is available. + +The interesting questions are 1) what are the securities which are ***not*** "on the issuer's books and records", 2) who is holding those securities?, 3) what happens to those shareholders? Are these the counterfeit shares? The naked shorts? Is this an escape hatch for the shorts? Or a hammer that inflicts more pain on the shorts? + +# If You Made It This Far... + +[Follow along as we recap and dive one layer deeper into SR-OCC-2021-004](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) and decipher [one of DFV's cryptic, recent tweets](https://twitter.com/TheRoaringKitty/status/1380196363774918657). + +The recent post by u/yosaso also examines the dynamics of the sides that are seemingly at play here: [There is a WAR to control the DTCC and GME is the BATTLEGROUND](https://www.reddit.com/r/Superstonk/comments/mouj57/there_is_a_war_to_control_the_dtcc_and_gme_is_the/); really good research into the players and motivations of the players involved. +I’m 22 & I have a 17$ hour job working 12 hour shifts every 3 days or so . My take home is 540$ a week & I do not have any bills at all. + +I do have to get my ged in 6 months or else they may fire me from the job, which I’m worried about but yeah . Other than that what tips would you guys give me ? +They offer 401k & the company is expanding immensely so I would like to get into that but not sure how to go about it . +Come back often, edits being added constantly. Lots of apes helping! + +Today I started searching for 741 inside of the SEC forms and other securities related documents. + +Guess what I found... I found a document filed by +Dreyfus Florida Municipal Money Market Fund in 2007 + +https://www.sec.gov/Archives/edgar/data/911746/000091174607000015/form-741.htm + +Form 741 as described by this ape - https://www.reddit.com/r/Superstonk/comments/q8cf95/sec_form_741/?utm_medium=android_app&utm_source=share + +The Dreyfus name rang a bell...So I dug a little bit deeper. Is RC pointing us to the options bag? + +Guess who owns that fund? + +BYN Mellon + +https://im.bnymellon.com/us/en/ + +Guess who clears Kennys trades? +Guess who holds the "Brazilian Puts" +Guess who Goldman had to bail out to prevent dominos + +Thats right. + +Please get the wrinkles in here. I need an adult. + +Looks like alot of apes found the bag of puts a month or so ago "BYN Melon" search in Superstonk had alot of hits about 30 days ago. + +Seriously think Ive hit something here. All help is appreciated while I keep digging. + +Edit: Im finding alot of connection here, like metric shit ton. Right now im diving into the funds product inception in 2017... This is the likely the fund used to naked short GME to oblivion, likely others too. But one eerie point stood out to me 741 - I shit you not. go look for yourself + +BNY Mellon's Dreyfus Corporation serves as the investment manager of the fund, and MBSC Securities Corporation, a wholly owned subsidiary of Dreyfus, serves as the fund's distributor. The fund is sub-advised by Pareto Investment Management Limited, an affiliate of Dreyfus and a wholly-owned subsidiary of Insight Investment Management Limited ("Insight" or "Insight Investment"), a BNY Mellon investment boutique with $741 billion under management globally2. + +https://markets.businessinsider.com/news/stocks/bny-mellon-investment-management-launches-multi-asset-fund-1001909081 + +Edit 2: Found some compelling evidence from DFV. yeah thats right. Thanks to ape comments for pointing this out. Look at the dates, look at gme, whats her name? + +(This could just be part of the struggle to get Computershare through our thick heads) Three colors, mix em up, whata get) But the Dreyfus-Mellon thing still stuck with me. And then Daves tweet below, pushed me to Seinfeld again.... + +https://mobile.twitter.com/TheRoaringKitty/status/1405258938543742976?s=20 + +https://mobile.twitter.com/TheRoaringKitty/status/1405204944471445505?s=20 + + + +EDIT 3: DAVE KNOWS - https://www.reddit.com/r/Superstonk/comments/q87vjy/what_do_the_numbers_mean_mason/?utm_medium=android_app&utm_source=share + +Dave almost instantly deleted this tweet. Dave never deletes tweets....🚨🚨🚨 Look at the title of the post. Look at the format of the tweet! "whats the deal" ... remind you of a certain sitcom? + +Edit 4: I believe I have found out who is colluding with Kenny and Co to hide, recycle, and naked short GME via deep options. This is the entity spoken about but not named in this recent DD - https://threader.app/thread/1441157342045749253 + +Im now getting very confident about this, and a huge bag of these puts expires tomorrow as per the briefly visible Bloomberg Terminal 150 puts showed. T+35 puts us exactly at the absolute end of this wedge End of Nov. no dates Nov 18-19 2021 + +This all started with a Google search for 741 while taking a shit. No jokes. Kerplunk + +I still have some weight in the broker default theroys, but DFV tweeting twice Elaine Dreyfus relieved and wanting to move on.. just after our spike to 350ish... yeah there is something here + +Edit: 5 I have had discussion with many folks in the last 5 hours. Let me tell you, this is bigger than all of us could have ever imagined, NFTs are the key to the final chapter. The OLD ORDER is about to be overthrown. I am now in a euphoria I have never experienced before.... + +Edit: 6 Well this just keeps getting better. A recent Burry tweet #GMESQUEEZE shows a sheet with Merrill Lynch shorting into GME buyback to avoid being squeezed. + +A look into Dreyfus has uncovered some dark shit. But noteable names be showing up on page 55 of their Mutual Fund Disclosure in 2008! Oh hello Merril Lynch and every other bad actor garbage shit fund.... + +Merrill Lynch, HSBC, Leeman, Credit Suisse, etc etc + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/Archives/edgar/data/30160/000003016008000005/dmmi485.pdf&ved=2ahUKEwjzvrjywcvzAhUfknIEHWC5A48QFnoECA8QAQ&usg=AOvVaw0kR-5Ewsv8BhZihy0Diti1 + +and on page 56 we have a link to dreyfus.com +who is the manager of the fund right. Do me a favor visit dreyfus.com + +Where does it redirect.... BNY Mellon + +Oh buddy. lots more to come + +Update here: 🚨🚨🚨 +Look at Mellons CUSIP number https://im.bnymellon.com/us/en/individual/funds/05587K741 + + + +EDIT 7: Gamestop twitter bio cheat code. Cheat code in wreck it ralph. Box office total for wreck it Ralph.... 471...👀 + +Movie 2 Ralph breaks the internet... blackout... The gamestop logo blackout that happened....😳 + +Digging into the movie and i keep seeing 741 +look at the reviews count here - https://www.amazon.com/Disneys-Ralph-Internet-Talking-Vanellope/dp/B07FHBBMMG?ref_=d6k_applink_bb_marketplace +Look at the followers for the animator of Ralph +https://www.pinterest.ca/pin/171136854561694231/ + +Update: The reviews on this toy and the animator followers have both incremented to 742 today. Unsure if this was coincidence, but I saw 741 so it made it into the post. + +It just keeps happening.... + +FINAL EDIT: Some of all of this could be wrong. This was simply a brain dump as I discovered 741. I do firmly believe that Dreyfus and BNY and Merrill Lynch all conspired to hide this bag of FTD in options. None of this is to be taken as fact, and hopefully it inspires others to dig into this more. + +I am humbled by the information that has been sent my way in the last 24hrs. It has opened my eyes to a much larger black hole than I could have ever imagined. Again! This could all be wrong, take it as such + +IF BY SOME CHANCE IM RIGHT HERE WE NEED A MELON TWEET RC OR A TWEET WITH NO 741 REFERENCE. MELON PREFERED! +I just want to know what the actual actions are. People say “sell your stocks! Pull out now!” But how much? All of them? Do people just liquidate all investments and put them into savings or treasury bonds? Do you leave it alone if it’s already there and just stop investing? What happens when you are FULLY committed to playing it safe / thinking the crash will happen in the near future? +**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. +EDIT/CORRECTION: As some Apes have pointed out, FUD is probably the incorrect term for this post, it should be labeled as DEBUNKED. Sorry about that, too many crayons for breakfast. + +EDIT2: I have chatted with the author of that tweet. To clarify my intent, I only wish to correct misinformation, not to launch personal attacks. I saw incorrect information and reacted strongly in this post with terms like FUD & DEBUNKED. This does not mean I will not continue to correct misinformation, just that I will do it with more tact. + +EDIT3: The Author of the tweet still wanted this image below removed, I said no and will apparently be reported, I said go ahead, my patience has reached it's limits. + +&#x200B; + +Yesterday I saw this post from u/einfachman: [https://www.reddit.com/r/Superstonk/comments/p7l5bl/kenny\_sent\_another\_14\_billion\_to\_cayman\_islands/](https://www.reddit.com/r/Superstonk/comments/p7l5bl/kenny_sent_another_14_billion_to_cayman_islands/) + +It was a screenshot from a Twitter account claiming that $14B was transferred to the Cayman Islands recently, they didn't and I can explain what's really happening. + +&#x200B; + +[I replaced the initial version of this with FUD overlaid, DEBUNKED is a better description and I wish I could alter the title of this post, I'll cut down on the morning crayons in the future.](https://preview.redd.it/3l05t7pl8ji71.png?width=475&format=png&auto=webp&s=537661d4eacb199ba66a419d44b12ae52dbdbf09) + +I actually created a Twitter account for the purpose of replying to clear up the ~~FUD~~ misinformation, but apparently this account can't be replied to, any account that does not accept criticism sends up red flags, so I will clarify here. + +This Form D [was filed on May 5, 2021](https://www.sec.gov/Archives/edgar/data/0001199937/000180233221000005/xslFormDX01/primary_doc.xml) and [I had already addressed why so many Form D's were being filed in this post](https://www.reddit.com/r/Superstonk/comments/np6f78/citadel_has_been_filing_form_d_amendments_and_ill/). So this is actually old news. + +This filing is an amended Form D. They must be filed annually OR if anything changes since the lat filing was made. As you can see, these filings have been going on for a while. + +[List of Form D Amendment filings by Citadel Kensington Global Strategies Fund Ltd. https:\/\/www.sec.gov\/edgar\/browse\/?CIK=1199937](https://preview.redd.it/r4uo25dfjii71.png?width=682&format=png&auto=webp&s=81ce8d3843f984679fc0d44743226460906b35b5) + +So, what is a Form D for? Here's the explanation from [investor.gov](https://investor.gov): + +[https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/form-d](https://preview.redd.it/he8c1q0hkii71.png?width=701&format=png&auto=webp&s=23c3ce8470368ec7f5502eb5d9033f9b6e26fce3) + +Registered securities are done of Form S-1, S-3, etc, UNREGISTERED securities are put on Form D. Here is the most recent filing, marked up to show what is happening: + +&#x200B; + +[https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001199937\/000180233221000005\/xslFormDX01\/primary\_doc.xml \(Comments mine of course\)](https://preview.redd.it/qpsg0sciqii71.png?width=797&format=png&auto=webp&s=355726f29eef1cf2c70ae1f16b98c6d584f627b1) + +Unlike that Twitter account, I will update this post with answers to any questions you may have. + +MOASS is inevitable, buy & hold, not financial advice. +I was just reading in the FT [here](https://www.ft.com/content/8271be9a-36d6-11ea-a6d3-9a26f8c3cba4) (not sure if paywalled) how China has been found to be propping up certain companies which in a free market economy would collapse. So why isn't China bankrupt then? Doesn't orthodoxy tell us that a company can't stand if it is unsustainable and any non-market effort to prop it up will inevitably fail? Yet China is still doing fairly well, how can this be? + +Would China be zooming ahead even faster if it allowed these companies to crash? And isn't these companies or China's collapse inevitable if it keeps using nonmarket means to prop them up? +I had a really random thought in the shower today: + +Typically, if a country (country A, let's say Germany) has a productive advantage over another (let's say B, Greece), country B's currency will depreciate in value to make it more competitive in the international market. + +However, since Germany and Greece are both pegged to the Euro, surely if Greece can't catch up in terms of productivity, the 1/2% productivity advantage Germany has just compounds over time, until Greek products simply can't compete any more in the international market. This would then lead to things like German having a huge trading surplus, while the rebalancing effects of currency fluctuations can't happen to Greece and cause things like their debt crisis? + +I've only thought about this for 5 minutes, but it's just so abrupt to me that I wanted to share it before I forget. I'll edit the post as and when I come to any new conclsions, but i would be interested to see what you all think. +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! + +https://www.cnbc.com/2017/12/11/people-are-taking-out-mortgages-to-buy-bitcoin-says-joseph-borg.html + +> "We've seen mortgages being taken out to buy bitcoin. … People do credit cards, equity lines," said Borg, president of the North American Securities Administrators Association, a voluntary organization devoted to investor protection. Borg is also director of the Alabama Securities Commission. + +> "This is not something a guy who's making $100,000 a year, who's got a mortgage and two kids in college ought to be invested in." +I’ve read a book recently by an economist titled the Bitcoin standard where he makes the case for a fixed supply of money based on the amount of Bitcoin in circulation. I was wondering what the overall sentiment of such a policy would be amongst economists. Is it two steps forward or two steps backwards? Wouldn’t it resolve the issue of moral hazard by simply letting businesses fail should they need a bail out? What would the consequences of this be however? This would prevent hyperinflation surely but any other benefits? Any cons? Overall conclusions? + +Thanks in advance. +In the end i'd gross an additional $1400 or so a year, but it'd require me to move all my money from a PNC account to a Capital One money market, which is an online account. They have branches but none near me. They have a lot of local ATMs though. They are my credit card as well so i thought it'd be easy. + +And yes I' know it's not a great idea to have this much just sitting in a savings in general. I'm working on that and trying to work with an investment adviser. + +**EDIT: Thanks for all the replies everyone. I decided to call PNC first to see what they could do for me. Turns out they had a higher tier account that upgraded me to that gives me 1.80%. Not as good as some of the online banks, but still better than the .06% i was getting. I'm going to meet with an investment adviser and see what he says before making any more changes.** +Listening to NPR Marketplace this evening, 7-12-22, the story indicated it takes about 6 months for interest rates to impact home prices and 12 month to impact rent. Does impact mean begin to move the needle or full effect? For those that have been through this, what is your experience? Anyone have data? +# 🌱Greenlyght Coin is GROWING 💨 + +&#x200B; + +Starting MC: 100K + +Current MC: 5m + +ATH MC: 11.8m [.](https://imgur.com/a/pdm9Pbm) + +&#x200B; + +\-- DEV FULLY DOXED & KICKING A$$ + +&#x200B; + +# ! BREAKING NEWS ! + +! Our National Sales Team starts selling our cannabis delivery software next week. THIS WILL MAKE GLC FLY + +! Our UberEats Cannabis Ordering App is Finally Going Into The iPhone App Store + +! Sister Coin Pre-Sale Starts May 11th (BUY GREENLYGHT TO GET ON PRESALE + +&#x200B; + +\-- Don’t miss the next pump + +&#x200B; + +\-- HUGE MARKETING TODAY AND ALL WEEK + +&#x200B; + +\-- Are you tired of fake projects, rug pulls and shit/meme coins? + +&#x200B; + +\-- 13 Reasons For Smart Investors -- + +&#x200B; + +1️⃣ Experienced Doxed Dev Team + +2️⃣ UberEats Apps For Cannabis Businesses + +3️⃣ Staking Available For Holders + +4️⃣ Live Events With Dev Team + +5️⃣ NFT’s & NFT Coin Launching Soon + +6️⃣ Real World Company For 5+ Years + +7️⃣ Community NFT Challenges + +8️⃣ $1,500 In Give-a-Ways Monthly + +9️⃣ Greenlyght World Tour Fast Approaching + +1️⃣0️⃣ Tax Percentage of Sister Coin Pumps Into GLC Liquidity Pool + +1️⃣1️⃣ Profits From NFT Sales Pump Into GLC LP + +1️⃣2️⃣ Ground Floor Opportunity for the two fastest growing industries in the entire world; Crypto & Cannabis. + +&#x200B; + +# -- 3 BONUS REASONS -- + +1️⃣ PASSED AUDIT + +2️⃣ Industry Leading Whitepaper + +3️⃣ Sister Coin Pre-Sale Starts Now + +&#x200B; + +\-- Cannabis Market Potential -- + +&#x200B; + +\-- 67% National Growth Cannabis Sales in 2021 + +\-- $197B Expected Growth of Legal Cannabis by 2028 + +\-- 321K Full-Time American Jobs in the U.S Currently (this number doubled since 2018) + +\-- 91% of Americans Believe Cannabis Should be Either Medically or Recreational Legal + +&#x200B; + +**Contract Addy: 0x6c93931a8ac1a94b7dde231a19a33d2a5cf3bab4** + +&#x200B; + +\-- Website: [https://www.greenlyghtcoin.com](https://www.greenlyghtcoin.com/) + +\-- Telegram: [https://t.me/GreenlyghtCoinOfficial](https://t.me/GreenlyghtCoinOfficial) + +\-- Whitepaper: [https://www.greenlyghtcoin.com/glc-whitepapers-2022](https://www.greenlyghtcoin.com/glc-whitepapers-2022) + +&#x200B; + +The Story: Greenlyght Coin and its ground-breaking technology will bring much needed real-world utilities to bridge the gap between Crypto & Cannabis. These two industries are the fastest growing industries in the world. Greenlyght Delivery Software “The Company” was founded 5 years ago and has formed into a leader in delivery software for cannabis businesses. Holders will earn 2% of all sales that go through our delivery software in the form of BUSD. Greenlyght’s entrepreneurial owner and doxed Dev has been blazing new trails in the cannabis industry for almost a decade. Make sure to check out our futuristic website to learn all about our utilities and the purpose behind our mission! + +&#x200B; + +\-- Website: [https://www.greenlyghtcoin.com](https://www.greenlyghtcoin.com/) +[Update](https://www.reddit.com/r/personalfinance/comments/3uyx5k/update_400k_suddenly_in_my_bank_account_since_3/) + +------------------------- + +Throwaway. It is an odd number $abc,xyz.xd, so it's not as simple as adding an extra zero and calling it a mistake. + +The bank also called me up and asked me to move the money in an account that has a higher interest rate than my current one. So instead of getting ~$100 per month, I'd be getting ~$400-700 per month. + +What should I do? + +I'm in NSW, Australia. 22 years old, no student loan, didn't go college, finished high school. Just been working. No car, no debts. Still live with my parents and don't pay rent, but help out with groceries once in a while... + +Please advise on what I should do? Thank you in advance. + +-- + +EDIT: post is locked due to silly comments, but pls pm if u have actual advice. thanks. +also i mention a little about me because i have no reason to want to use this money as i have no financial burden. thanks for all your helpful comments. +My parents (in their 60s) want to sell their home after living in it for about 25 years. They bought the house for about 300K in 97' and have the potential to sell it for over a million now. + +My parents are retired and are living off of social security so their income is pretty low. + +They are trying to find a place that will sell for the price that they will sell their house. However, they found out about Capital Gain. After some research they calculated their Capital Gain tax came out to a whopping 250K. So my question - is that normal? Is it possible to avoid such a high tax? If not, what are the options to reduce the high number? + +NY based, if that helps. + +Thanks in advance! +I am only 20 and still at uni so i have no idea what’s a good salary really. + +Bit lots of people say a teacher’s salary isn’t very good. + +All of the following is according to google and teacher I know. So please correct me if your experience is different. + +But you start on £25,714 in your first year (after just 1 year of training), often moving up the pay scale each year which puts you on £36,961 after 6 years of being a teacher. + +That’s if you take on no extra responsibilities or look for a promotion to senior leadership etc. + +Am i missing something? + +Thanks everyone! +I just thought it would be useful to share. Covers saving and budgeting, interest and debt, investments and retirement, income and benefits, housing, car expenses, taxes, paying for college. + +[https://www.khanacademy.org/college-careers-more/personal-finance](https://www.khanacademy.org/college-careers-more/personal-finance) +Hello everyone, + +Trading212 is the only brokerage account I have and the value of my stock is over £85k. What happens to my shares if trading212 fails? Cash in the account is under £500. +Hello, + +With ISA allowances to reset, I'm ready to fill my S&S ISA immediately. However, I'm unsure which approach to take: + +1. Put £20k in as soon as the allowance resets to have the longest time in the market + +2. Space the £20k out over a few months in case the market is pumped as soon as the allowance resets from people taking approach #1 + + +I think #1 is more sensible, but I'd appreciate a second opinion. + +# edit: went with option 1 +Title says it all. I'm so far behind on my car payment. I'm short little over a hundred bucks for rent, so now I'll get a nice late fee. I work full time at $17 an hour. Single mom, 2 kids, age 16 and 8. My oldest is starting to drive, and i can't imagine that will save me money. I'm so depressed, and the thoughts going through my head are starting to scare me. + +Even after I get caught up with my taxes, I still can't afford to live. I have to get another job obviously, but God dammit, I'm so sick of working and worrying, and turning the radio up to avoid that new noise my car is making. I'm sick of this. Im over it. I'm done. I'm not going to leave my kids with no mother, but I'm so miserable. + +It's impossible to do this on one income. +So I was actually looking forward to finally having our NASDAQ type tech growth firms listed on BSE/NSE but it seems like a lot of tech startups who are quintessentially seen as Indian will be listing on NYSE/NASDAQ. + +A quick Google search showed me three high profile firms which are planning to do so: InMobi(India's first tech unicorn startup), Flipkart(Arguably India's first consumer tech startup success story) and Jio(one of the most ubiquitous brands here now). I was particularly shocked to see Jio since Ambani is kinda a poster child for Indian business circles. + +What exactly is preventing them from IPOing here ? Why is SEBI and Govt of India not looking into resolving issues to prevent Indian firms from leaving Indian investors out in the dust ? + +[https://www.livemint.com/companies/start-ups/inmobi-india-s-1st-unicorn-plans-us-ipo-at-value-of-up-to-15-billion-11617186713969.html](https://www.livemint.com/companies/start-ups/inmobi-india-s-1st-unicorn-plans-us-ipo-at-value-of-up-to-15-billion-11617186713969.html) + +[https://economictimes.indiatimes.com/tech/funding/flipkart-plans-a-big-billion-day-with-new-investors/articleshow/82533913.cms](https://economictimes.indiatimes.com/tech/funding/flipkart-plans-a-big-billion-day-with-new-investors/articleshow/82533913.cms) + +[https://www.business-standard.com/article/companies/reliance-looks-at-nasdaq-listing-for-jio-platforms-ipo-likely-by-2021-120052700048\_1.html](https://www.business-standard.com/article/companies/reliance-looks-at-nasdaq-listing-for-jio-platforms-ipo-likely-by-2021-120052700048_1.html) +This whole concept came to materialize for some unknown reason in one of my comments the other day, but I just wanted to throw my opinion out there. + +Finance is such an oppressed and sour subject because of a *select few people*. Those of which, unfortunately, have access from to massive hoards of money and assets. Which subsequently can lead to fraudulent behavior and corruption. Though this type of behavior happens in almost every environment known to man. In finance though, when it happens, it just has a much more widespread effect on the economy. You could even say that the finance world is held to much higher standards relative to other professions. + +In reality, finance is a muddle of very advanced and complex subjects that can range from theoretical mathematics to psychology. Most of the bigwigs I’ve researched aren’t criminals nor halfwits. They are extremely well-rounded individuals with very interesting backgrounds that have devoted their life to particular subject. + +When politicians are referring to “Wall Street,” they are casting shade on themselves in the minds of people that know how the finance world works. Because a majority of “Wall Street Traders” are actually quantitative specialists and experts in their respective field(s). Yellow Journalism has really corrupted the reputation of the subject, and haphazardly thrown blame to those that don’t deserve it. People are swarming to blame someone for their miserable and unfortunate lives and the media has given them the perfect scapegoat. + +Think this video (that I just randomly thought of) sums of the situation. + + +https://youtu.be/RY0R0NpIdQQ + + +A bunch of people that have no idea how the economy works, blaming something that they have no idea about, because they perceive it to be something other than what it is; not willing to listen to educated individuals or research into resented subject. Their desire to be right overpowers their desire to be informed. +I've been doing research over the last two weeks for my IRA account. I just rolled over a sizable 401k and now it sits waiting, not growing. I am 38 with plans to retire at 75. I want some moderate risk, aggressive growth but have a balance with long term growth/stability. + +Here is what I have. Obviously, I plan to shave off 2/3 - 3/4 (narrow it down to a well rounded portfolio). For context, I have a few growth stocks in here too, even though this is an ETF specific subreddit. + +QQQJ, VIG, VUG, VNQ, BNDW, VOOG, VTWV, MSOS, IUSV, ARKK, VT, VBK, VWO, VXF, XLK, BLOK, DFE, IQIN, SCHD, SDIV, DVYE, MSFT.... + +Any obvious strong picks from this selection? What else would I need? +With budgets being squeezed we looked at possibly giving up our local butcher for our monthly/2 monthly shop and instead using the supermarket to save money. + +We use the butcher since the quality is many times better, they’re friendly, and deliver for free whenever we order. I can’t stand cheap meat full of gristle and nearly gave it up completely until we found our local butcher during the lockdowns. + +After doing some sleuthing on Reddit, many people believe the butcher is at least twice the cost of the supermarket, which I couldn’t quite believe since how do they even survive? I decided to compare our latest order of raw meats to that of the most popular supermarket to see the difference in pricing against an equivalent product and the cheapest that I could see. You may be able to find cheaper in store, shopping around, or reaching into the depths of the frozen food aisle. + +Now, I’m hardly Martin Lewis and so this isn’t scientific in the slightest, just working out from the website as if I was going to place an order for delivery. Issues immediately arose in the pack sizes, particularly with bacon, which you can see below. + +**Diced Beef Shin - 1.5KG - £12.12** + +* Cheapest: £11.25 +* [Frozen Casserole beef 500g £3.75 (£7.50 KG)](https://www.tesco.com/groceries/en-GB/products/260067183) + +* Equivalent: £15 +* [Finest Diced Beef 400g £5 (£12.50kg)](https://www.tesco.com/groceries/en-GB/products/285104502) + +*Tesco don’t sell beef shin, so I’ve used their standard diced beef.* + + + +**Diced Lamb - 1.5KG - £23.30** + +* Cheapest: £17.50 +* [Diced Lamb Shoulder 300g - £3.50 (11.67kg)](https://www.tesco.com/groceries/en-GB/products/304410983) + +* Equivalent: £22.50 +* [Diced Lamb Leg 300g - £4.50 (£15kg)](https://www.tesco.com/groceries/en-GB/products/282524801) + + + +**4 Lamb Shanks - 2.2KG - £23.80** + +* Cheapest: £20.70 +* [Acre Lane 2 Lamb Shanks in Mint Gravy 800g - £6.90 (£8.63kg)](https://www.tesco.com/groceries/en-GB/products/304799925) + +* Equivalent: £24 +* [Tesco 2X Lamb Shanks In Red Wine Gravy 780G £8 (£10.26/kg)](https://www.tesco.com/groceries/en-GB/products/299803088) + +*Here you would end up with more shanks (ready to warm through as opposed to cooking from raw), but less weight on each.* + + + +**16 Thick Pork Sausages - 1.3KG - £10.77** + +* Cheapest: £2.40 +* [Woodside Farms 8 Pork Sausages 454G - £0.80 (1.77kg)](https://www.tesco.com/groceries/en-GB/products/309169206) + +* Equivalent: £8 +* [Tesco Finest 10 Pork Sausages 667G - £4 (£6kg)](https://www.tesco.com/groceries/en-GB/products/280010485) + +*Contentious one; I wouldn’t eat an 80p pack of sausages if you paid me. The Finest pack nets you an extra 4 sausages, but then ordering from the butcher also netted me 8 extra sausages as a thank-you gift.* + + + +**20 Smoked Streaky Bacon Rashers - 600G - £6** + +* Cheapest: £4 +* [Tesco Smoked Streaky Bacon 300G - £2 (£6.67kg)](https://www.tesco.com/groceries/en-GB/products/281037392) + + +* Equivalent: £8.25 +* [Tesco Finest* Smoked Dry Cure Streaky Bacon 240G - £2.75 (£11.46kg)](https://www.tesco.com/groceries/en-GB/products/261992145) + +*Another contentious one, since you’d technically have to buy 3 packs of the Finest bacon due to weight, as I felt missing 120g from 2 packs wasn’t a fair comparison. Either way, I’d say cut this down the middle and agree that the butcher and supermarket are roughly the same price for good bacon.* + + + +**6 Chicken Breasts - 1.3KG - £11.13** + + +* Cheapest: £5.45 +* [Willow Farm Chicken Breast Portions 900G -1.2Kg - £5.45 (£5.20kg)](https://www.tesco.com/groceries/en-GB/products/304797305) + +* Equivalent: £14 +* [Tesco Room To Roam British Chicken Breast 650g - £7 (£10.77kg)](https://www.tesco.com/groceries/en-GB/products/250536058) + +*The chickens from the butchers are grain fed but I felt it unfair to compare to the organic Tesco product, so I’ve gone down the middle with their “Room To Roam” chicken.* + + + + +**Beef Brisket - 1KG - £10.75** + +* Only one on offer: £9 +* [Fresh Beef Brisket Slow- Roast £9 (£9kg)](https://www.tesco.com/groceries/en-GB/products/257904508) + +*Considerable difference in size on these; butcher’s brisket is at least twice the size for the same weight, so we cut it in half and get two roasts from it.* + + + +**Totals:** + +* Butcher order: £97.87 +* Equivalent Tesco order: £100.75 +* Cheapest Tesco order: £70.30 + + + +That’s my findings. The totals for Tesco can decrease or increase depending on pack size, whether you want frozen cheap meats, in-store offers etc, and your local butcher’s price will obviously vary, but I think that it’s a decent ball-park figure to go by. + + +Also consider the savings in plastic packaging, and additional costs of freezer bags or greaseproof paper to divide up sausages and bacon if you’re freezing your order. + +*edit: as some point out, there are cheaper supermarkets such as Aldi and Lidl. I don’t shop there aside from the odd snack, and their prices aren’t online. If you wish to get the info from instore (prices, pack size, quantity, quality, etc) then I’m more than happy to add on here.* +It's way too late to be posting but I'm not seeing enough hopium this weekend and decided to deal some myself. It's time for us to touch the sky again and I'm going to explain exactly why this is reality and not just wishful thinking. + +Hedgies have T+13 settlement date from 12/17 to cover all of the FTD's they incurred on using the XRT ETF as a target for their short ladder attacks. Why? because XRT has just been added to the NYSE Threshold Securities list as of 12/17 as brought to light by u/AlexanderHood in his most recent news post. Remember how you were sitting around the last week buying the some of the fattest dips we've seen since early March thinking to yourself "How is Mayo Man affording to short it this hard? There must be some kind of consequence". This is the consequence of Kenny's actions as SHFs can only afford to make GME go so low and when they push it past their limit the fuckery that enabled this price movement usually bites them in the ass in some form inevitably. + +Let's use something you gibbons know very well: Dragonball Z. When Goku realized he was fucked against Vegeta what did he do? He used Kaioken to make himself significantly stronger temporarily but then once he was done he was left almost completely unable to fight back as the technique had ruined his body. This is Kenny right now coming down from the high as he is about to have to cover muchos FTD's ASAP or he will be straight up banned from shorting XRT and will lose one of his most important tricks he uses to hide the real short interest of GME from the chimps and orangutans. Not only is Kenny about be completely out of resources but he is also going to end up just like Goku did and will financially have his back broken by an ape who's tired of his shit. + +&#x200B; + +[Okay Kenny now its our turn.](https://preview.redd.it/xzy62312ug681.jpg?width=668&format=pjpg&auto=webp&s=48a51ea60f1544b5286c1cc819a30a2540d693f0) + +So the next question you probably have is "But Goose when will the hedgies decide to cover their FTDs and get XRT off the NYSE Threshold list?" Well don't worry, I understand that you're smooth and need to get back to eating that 64 pack of Crayola crayons so I figured it out for you. Given the timeframe of the FTDs needing to be covered by T+13 days from 12/17, this would mean that the last possible day they can cover would be 01/06. This leaves us with about three trading weeks until these Shorts on XRT get hit with the ban hammer. Kenny and the gang usually never wait until the last minute to cover their FTD's. Let's presume the covering will be sooner rather than later. I'm assuming that Kenny and company cover their position this upcoming trading week based off of the behavior they exhibited during our futures rollover runups. Remember u/Criand posting about rolls being back on the menu in mid September when Ken and company had already set the stage to bleed us dry over the upcoming month? Kenny might be a financial terrorist and a degenerate but he always makes sure Shitadel is in a good position early and never waits until the last minute to clean his mess (except for MOASS which is about to move him behind the nearest Wendy's). + +According to multiple apes who are much smarter than I (as well as JPMorgan Chase), we are expecting to see significant price movement around the tail end of January as many options purchased to create synthetic shares to cover FTDs from the January sneeze will be expiring leaving them naked and afraid. If you were the hedgies would you leave the XRT conundrum you have to cover until January or cover them next week? The price is going to run this week as they cover the shares they shorted in the XRT basket. This will come into Christmas and the following Monday. They will most likely presume shorting the absolute shit out of it until the time for the January rematch comes. If you need anymore confirmation of massive incoming green days don't forget that this last Friday Meme Lord RC himself tweeted out a poop emoji. You know why? because the hedgies are about to shit themselves. + +&#x200B; + +[Let's not forget about that sweet delta sensitivity. ](https://preview.redd.it/kcizhten2h681.jpg?width=474&format=pjpg&auto=webp&s=76f97eebbfe26f73d6e98aed699708e5b3a01f79) + +"But Goose why would the hedgies buying in really make us run up anymore than it usually does?" Well I'm going to point you to a DD u/yelyah2 recently posted about how GME's delta sensitivity is so hot right now. I don't expect you guys to actually head over and read the entire thing. This post alone is most likely the 741st DD post you've read this month so here's the TLDR for you (but please read it it's amazing). + +> **TLDR (in case you dumb dumbs didn't find it at the very top): Conditions are primed right now for a significant increase in hedgie buying power. The delta sensitivity test spike is a harbinger of change, and more often then not... significant price increases....** + +In essence, the post mentions that the delta is so sensitive right now that any amount of shares that the hedgies buy right now will essentially have a bonus multiplier effect on the price. This is just like when you're playing Guitar Hero and you need more points so you activate that sweet star power and for every note you hit you get eight times the points. Here is a visual aid that the OP made to help you Baboons comprehend what the Rock is cooking. + +[Green line means hedgies can't afford to buy without a massive price increase.](https://preview.redd.it/pmj6bt7k4h681.png?width=1421&format=png&auto=webp&s=3102a228c90815f67fd8ee3b4450a31a2c6da57e) + +This may very well lead into the last runup in price we see until the fated battle in January. Unless something else came along to put the hedgies into an even worse position, such as a pivotal announcement by Loopring. It could be that they are in cahoots with GME and want hedgie blood. + +&#x200B; + +[Even Mayonnaise can't save you now.](https://preview.redd.it/4wsg1ujn6h681.png?width=1884&format=png&auto=webp&s=f762c2001535d41b3722fab41a85bc3f4d3c304c) + +An announcement by Loopring is imminent as stated in their goals for this quarter (concluding on December 31st). This places this smack dab at the end of the second trading week hedgies who shorted XRT to oblivion will have to clean their mess. We are about to see what happens when hedgies have to cover FTDs while being exposed to abnormally high delta sensitivity and the NFT announcement we've been waiting for since July. Any kind of NFT based announcement is going to send us past Mars and on our way to tendietown and should silence naysayers who think think that Gamestop has no future in the industry. + +**TL;DR: The hedgies are very vulnerable to a price increase if their hand is forced into buying due to GME's current delta sensitivity test spike. XRT being added to the NYSE Threshold list has done just that as they now are on a T+13 timer (Jan 6th) to buy this dip or else they will be banned from shorting this particular ETF. Not only is this looking bad for them but a Loopring based announcement is imminent and due by December 31st.** + +TA;DR: KABOOM BY END OF MONTH. \*THROWS SHIT\* +This is clearly a big question, but how do you improve neighborhoods without gentrifying them? + +By gentrify I don’t necessarily mean in the technical sense of the word (changing to meet middle class preferences), but more so forcing poor ppl out and changing the character of the neighborhood. + +If property taxes rise as values increase, then is there really a way to improve a neighborhood that doesn’t increase the cost of living (monthly taxes), and eventually forces ppl to sell? + +Does improvement generally cause more demand, which causes price to increase? In other words, is this issue inherent to market dynamics? + +Improvement can also mean lower crime, neighborhood activities, cleaning public spaces, etc, its doesn’t need to be just property improvements. + +I’m trying to sort this out right now, any other thoughts are much appreciated! +He literally thinks he can turn 10 thousand into 10 lakh within 5 years with Day Trading and when I asked him about what he thinks are his chances of making it, he said he has about 15 - 20 percent chance of making it happen? + +I tried to dissuade him but he won’t listen and since I don’t know anything about day trading he doesn’t take me seriously at all. + +Dude has already lost more than 6k rupees with zero gain in sports betting even though I tried my best to stop him but he just won’t listen. + +Now he thinks he would make 10k with sports betting by starting with 100 rupees and from there on he would start his day trading journey and convert 10k into 10 lakh. + +I have a strong feeling that he wouldn’t make 10k with sports betting and would most likely end up borrowing 10k from his family, friends or girlfriend to get started with day trading. + +What do you think of his expectations and what are his actual chances of making it happen? + +Also what’s the worst that could happen to him if he goes down this route since he’s excessively greedy and doesn’t even think logically anymore in my opinion? +**\*Obligatory: I am not a financial advisor, and this is not financial advice. I have suffered at least 3 significant head injuries in my lifetime. Some of the information I am going to provide is speculative in nature but backed by data.** + +I have done my best to break this information down to a snot bubble blowing education level, but I needed to learn a lot of information to put this all together. Most items you may be unfamiliar with will have an ELI5 within the post to the best of my ability. \*Long Post Warning + +**TL;DR** + +The Collateralized Loan Obligation (CLO) market exploded with activity this year, as has Citadel's (Shitadel) exposure as an obligor (debtor/borrower) in the CLO market. CLOs are a form of Collateralized Debt Obligation (CDO). You know, the bad things from 2008. The banks are divvying up Shitadel’s leveraged loans (among many other corporate loans) and selling them to CLO Managers whose investors (other banks, hedge funds, insurance companies, **mutual funds, ETFs**, private funds, **pension funds**, etc.) invest in the loans through securitization. Securitization regarding a CLO is the pooling of 150-200 leveraged corporate loans into a single Asset Backed Security (ABS). This process reduces exposure to the banks who initiated the loan and allows them to remove most of the loan from their balance sheet… Good for them. Better yet, Banks aren’t even required to report their CLO information. Mutual funds, pension funds, and ETFs also are directly investing in portions of the loans themselves through syndication as well. Syndication is a loan being arranged by a group of lenders instead of one single lender. + +~~In the event~~ When Shitadel defaults on these loans, the mutual funds, pension funds, ETFs, and other entities will be the ones left holding the bag… But, aren’t mutual funds and ETFs common investment strategies for individual investors and retirement funds? Yes, they certainly are. **Anyone invested in those mutual funds and ETFs will** [share a proportional risk of the default.](https://www.investopedia.com/terms/c/clo.asp) + +So, the money that you, your mom, wife’s boyfriend, or **retirement plan** put into the effected mutual fund or ETF will be at risk to Shitadel’s loan defaults. “*In 2020, an estimated 102.5 million individual investors owned mutual funds—and at year-end 2020, these investors held 89 percent of total mutual fund assets, directly or through retirement accounts.*” [\[SOURCE\]](https://www.icifactbook.org/21_fb_ch7.html) + +We can only speculate at which funds hold CLOs containing Shitadel’s loans, BUT this post will include proof of how Shitadel’s loans are ending up directly in mutual funds and ETFs through syndication. + +It appears the now nearly $1T CLO market, did not fare well during the mini market crash in March 2020. I wonder how it will do during the next financial crisis. + +# COLLATERALIZED LOAN OBLIGATIONS + +Member wen Collateralized Debt Obligations (CDO) were responsible for a large part of the Great Recession? Now it’s time to investigate CDO’s ugly cousin, Collateralized Loan Obligations (CLO) and how Shitadel’s loans are involved in the market. CLOs are a type of CDO, but instead of all-encompassing debt or mortgage debt, they are composed primarily of leveraged corporate loans, usually for troubled businesses... “*Despite their obvious resemblance to the villain of the last crash, CLOs have been praised by Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin for moving the risk of leveraged loans outside the banking system... So, what sort of debt do you find in a CLO? Fitch Ratings has estimated that as of April (2020), more than 67 percent of the 1,745 borrowers in its leveraged-loan database had a B rating. That might not sound bad, but B-rated debt is lousy debt.*” [The Looming Bank Collapse](https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/) (Highly recommend reading this article, the author might have been early, but he won't be wrong) + +*Alex, give me “things that will fail” for $200, please:* You can wrap a large amount (150-200) of leveraged BBB/BB/B rated corporate loans up into a single security and call it an investment-grade security because the chance of default of a large portion of loans is slim, unless you know, something happened to the market’s overall generally positive direction and loans started to default. Sound familiar? It should, because that’s what was happening with Mortgaged Backed Securities (MBS) prior to the crash in 2008. [CLO Structure](https://innovativeincomeinvestor.com/a-clo-structure-in-1-chart/) + +Shitadel is currently given a BBB- credit rating by [S&P Global Ratings](https://disclosure.spglobal.com/ratings/en/regulatory/instrument-details/debtType/SRSEC/entityId/581852). Some of their loans are being labeled as junk loans and securitized into a collateralized loan obligation where; insurance companies, banks, hedge funds, **mutual funds**, **pension funds**, private funds, **ETFs**, etc. invest in them. This typically happens because a company has maxed out their borrowing and can no longer sell bonds directly to investors, they no longer qualify for a traditional bank loan, or they are taking part in a leveraged buyout of a company through mergers and acquisitions. So, these loans are labeled as “[leveraged loans](https://www.investopedia.com/terms/l/leveragedloan.asp)” which carries a higher interest rate for the borrower/debtor and makes them enticing prospects for CLO managers because of the higher interest yield. + +The same entities listed above also directly invest in Shitadel’s leveraged loans by becoming a syndicate of the loan. This is where a group of lenders get together to finance a loan. Instead of one financer of the loan, you have many, with each taking on a chunk of the loan. Later in this post I will include some NPORT filings for Mutual Funds and ETFs containing these loans. Do Shitadel’s lenders not want these shitty loans on their books? + +https://preview.redd.it/jce7u2n3k6a81.jpg?width=640&format=pjpg&auto=webp&s=77f9122337f33cc0de9f754b06e5cb1da38e3c86 + +The positive piece for the banks regarding Shitadel’s loans being pushed into the CLO market is that even though the banks are the entities that initiated the loans, they have removed a lot of exposure to these loans when they fail because quite a bit of that exposure has been passed along to the CLO investors through the securitization process and through the syndication of the loans. + +The question I continue to come back to is, what purpose does this derivative market serve? If the banks are the entities initiating the loan and the loan pays them well, why don't they want it?... IMO The reason this market exists and is exploding is because the banks have created a way to spread out the disaster when the market comes tumbling down... AGAIN. These securities are dog shit wrapped cat shit. It's a bunch of B/BB/BBB grade leveraged corporate loans lumped together to make a sausage of dog shit wrapped cat shit and call it an investment grade security, or individual bites in the case of syndicated loans. *Stares at JPM*: + +[ https:\/\/www.spglobal.com\/marketintelligence\/en\/news-insights\/latest-news-headlines\/citadel-securities-allocates-3b-term-loan-for-refinancing-terms-62337677](https://preview.redd.it/kzdwo4mek6a81.png?width=624&format=png&auto=webp&s=007668f314e785cd64e22ddcbd3c520093aeb4ed) + +# CLO MARKET SIZE & CONDITION + +[ CLO and Loan Market Review & Outlook: 3Q21 \(voya.com\) ](https://preview.redd.it/82o3dchzk6a81.png?width=359&format=png&auto=webp&s=2ed2166350f1a876a80c465dd1fbc6ebb10a9b3b) + +The CLO market took a pretty significant dive in new issuances in Q1-2020, which is to be expected with the mini market crash in March, 2020, but it has rebounded to set multiple quarterly records for new issuances since that time. Pretty crazy how high it has jumped since the beginning of 2021… Almost as if, banks haven’t wanted these ~~assets~~ liabilities on their balance sheet since Q1-2021… Hmm. As of Q3-2021, Voya Investment Management had the CLO market sized to above $820B with anticipation of it hitting $850B by yearend 2021 (it is estimated that the CDO market was worth roughly $640B in 2007). I believe it is higher than this just based off the amount of CLO Funds being created at the end of 2021, See: [https://www.dtcc.com/legal/important-notices](https://www.dtcc.com/legal/important-notices) + +So, during an economic downturn, how would these CLOs fair? In April 2020 (after the mini crash of March 2020) the Federal Reserve announced that its $2.3T lending would include loans to CLOs: + +https://preview.redd.it/697wfsyzl6a81.png?width=618&format=png&auto=webp&s=3befb7ba4b3dc1851e96735df1bae8926a9d4b91 + +[Federal Reserve Board - Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy](https://www.federalreserve.gov/newsevents/pressreleases/monetary20200409a.htm) + +If the CLO market is strong and in good shape, why do the market participants need access to the lending facility? Did the economic downturn have negative effects on issued CLOs? Of course, it did. Publicly traded companies are smeared all over the CLO Obligor lists. If their share price deteriorates and the company begins losing money, it’s going to be tough to pay off all these loans. + +# CLO RISK + +Not all CLO investors share the same risk. Securitization is the pooling of loans (Shitadel’s and others) into a single security. From there, entities can invest in the various tranches of the CLO. Think of tranches as levels within the CLO security. The senior tranche does not suffer losses until the lower tranches have been wiped out. Below the senior tranche are the mezzanine tranches, junior tranches, and the equity tranche. The equity tranche has the most risk, but also the most rewards should obligors continue to pay their loans off. The equity tranche suffers losses first, followed by the junior tranches, then the mezzanine tranches in the event underlying loans default. Insurance companies and financial institutions typically buy up the senior tranches. The junior (higher risk) tranche level is where mutual funds and ETFs typically invest. Mutual funds and ETFs are common types of retail funds, so, when Shitadel’s loans go belly up, guess who holds the bag on those loans? + +https://preview.redd.it/zw4ip3ogm6a81.png?width=845&format=png&auto=webp&s=d9f907fc5b469ce28228cc264b54fa4511ce5fb6 + +I’ve read so many articles about how senior tranches in AAA-rated CLOs have never defaulted and why that makes these investment vehicles safe, but the problem I have with these articles is this: + +1. The banks invested in the senior tranches of CLOs may be the safest, but if the market comes down and several loans begin to fail, even the banks will take losses, +2. The mutual funds (retirement funds) and ETFs have a higher degree of risk and those funds are primarily made up of regular people’s retirement, and when Shitadel’s loans start to fall, it will be the individual investors invested in those funds that take the initial hit, +3. They said the same thing about CDOs… And that didn’t go to well for CDOs in 2008, and +4. Quite a few of the articles written about how safe the CLO market is, are written by entities invested in these loans. Like Guggenheim, who’s given a proverbial buttload of money to Shitadel, as you’ll see. + +# MUTUAL FUNDS INVOLVEMENT + +In 2020, The FED did a [study](https://www.federalreserve.gov/econres/notes/feds-notes/who-owns-us-clo-securities-20190719.htm) on CLOs to find out who the main investors in the market were. Since data is so hard to come by for even the FED, they had to use 2018 data for their analysis. At that time, mutual funds accounted for 18.1% of CLO investments and roughly 1/3 of those funds were invested in mezzanine, junior, and equity tranches of the represented CLOs. My assumption is that these numbers have grown due to the overall growth of the CLO market and the number of NPORT-P, and previously used N-Q forms, that have been filed since 2018 (NPORTs are quarterly holdings reports for mutual funds and ETFs and N-Qs were bi-yearly until phased out completely in 2020). + +These are the number of times N-Q/NPORTs containing the search phrase “Collateralized Loan Obligation” was mentioned from 2018 – 2021 (N-Q forms are extrapolated to meet the number of filings for NPORT-P filings): + +https://preview.redd.it/ak9zuunjn6a81.png?width=527&format=png&auto=webp&s=6ded081146d785adeb1a13db5bbf84b4b71f6e9d + +[https://www.sec.gov/edgar/search/#/q=%2522Collateralized%2520Loan%2520Obligation%2522&dateRange=custom&category=custom&startdt=2020-01-01&enddt=2020-12-31&forms=NPORT-P](https://www.sec.gov/edgar/search/#/q=%2522Collateralized%2520Loan%2520Obligation%2522&dateRange=custom&category=custom&startdt=2020-01-01&enddt=2020-12-31&forms=NPORT-P) + +Speaking of hard to come by data, the Financial Stability Board did a [report](https://www.fsb.org/2019/12/vulnerabilities-associated-with-leveraged-loans-and-collateralised-loan-obligations/) in 12/2019 indicating that they could not find the direct holders of 21% of leveraged loans and 14% of CLOs. That’s… umm… A lot of missing information. + +# SHITADEL’S INVOLVEMENT IN CLO MARKET + +Shitadel has flown up the ranks of most referenced U.S. broadly syndicated collateralized loan obligors (making interest payments to the CLO investors from issued bonds/loans) and is currently the #2 obligor for the industry of “Capital Markets”, behind Brookfield Asset Management. + +https://preview.redd.it/jcy18iv6o6a81.png?width=353&format=png&auto=webp&s=3d47201c8b8a6d21dce935e7ecb150711babab7c + +You'll need to sign up for a free membership with S&P Global to access the source docs: + +[Top Obligors Q3-2020](https://www.spglobal.com/ratings/en/research/articles/201002-the-most-widely-referenced-corporate-obligors-in-rated-u-s-bsl-clos-third-quarter-2020-11681749) + +[Top Obligors Q4-2020](https://www.spglobal.com/ratings/en/research/articles/210107-the-most-widely-referenced-corporate-obligors-in-rated-u-s-bsl-clos-fourth-quarter-2020-11795243) + +[Top Obligors Q1-2021](https://www.spglobal.com/ratings/en/research/articles/210426-u-s-bsl-clo-top-obligors-and-industries-report-first-quarter-2021-11932328) + +[Top Obligors Q2-2021](https://www.spglobal.com/ratings/en/research/articles/210714-u-s-bsl-clo-top-obligors-and-industries-report-second-quarter-2021-12040349) + +[Top Obligors Q3-2021](https://www.spglobal.com/ratings/en/research/articles/211013-u-s-bsl-clo-top-obligors-and-industries-report-third-quarter-2021-12145868) + +Citadel Securities LP, which is one of Citadel’s entities, is the firm being used as the obligor to these loans. + +Here’s the number of NPORTS and N-Q’s filed containing the search words “Citadel Securities LP”: + +https://preview.redd.it/f5v7ne2zo6a81.png?width=449&format=png&auto=webp&s=67ea020a3e6322aff9cf3f16825addb225224c48 + +[https://www.sec.gov/edgar/search/#/q=%2522Citadel%2520Securities%2520LP%2522&dateRange=custom&category=custom&startdt=2020-01-01&enddt=2020-12-31&forms=NPORT-P](https://www.sec.gov/edgar/search/#/q=%2522Citadel%2520Securities%2520LP%2522&dateRange=custom&category=custom&startdt=2020-01-01&enddt=2020-12-31&forms=NPORT-P) + +I’ve evaluated A LOT of these funds and every one that I have looked at has contained Shitadel’s loan: + +Citadel Securities LP Term Loan B 1L, (LIBOR USD 1-Month + 2.500%), 2.50%, 2/27/28 (the $3B loan that was refinanced, arranged by JPM) + +I’ve also found you can search “Citadel Finance LLC” in the NPORTs to access mutual funds/ETFs invested in Shitadel’s “debt”. These are investments in the $600M Callable Senior Notes issued March, 2021. + +In a market valued at nearly $1T, Shitadel is now the 38th most referenced obligor. Meaning, they have roughly the 38th highest amount of recurring interest payments on their loans. The only other “Capital Markets” industry participant who has flown up the ranks similarly, albeit not as dramatic to Shitadel is Jane Street Group, who was the 112th largest obligor at the end of Q3-2020 and is now the 55th largest (#3 for Capital Markets). In terms of buying leveraged loans directly through syndication, the Jane Street and Shitadel loans end up in a lot of the same mutual funds/ETFs. + +# NPORT FILINGS & SYNDICATED LEVERAGED LOANS + +Mutual Funds, ETFs, etc. can directly invest in “leveraged loans” through syndication (where the loan is broken up and multiple lenders take on small pieces of the loans). We can actually see these loans within the fund’s holdings. Here’s a sampling of mutual funds/ETFs that filed NPORTS in 11/2021 carrying Shitadel’s loans: + +https://preview.redd.it/3dhijlwep6a81.png?width=586&format=png&auto=webp&s=365ae4e50d5e209fb43a3c3e35739a5ba9f574d2 + +Funds typically have more than one class of investments so each class is represented as a different series. Here are some of the funds with their series included: + +Franklin Floating Rate Master Trust + +* Franklin Floating Rate Income Fund (Mutual Fund) +* Loan to Citadel Securities LP $3,243,450, maturity 2/2/2028 + +Guggenheim Funds Trust + +* Guggenheim Floating Rate Strategies Fund (Mutual Fund) +* Loan to Citadel Securities LP, $4,477,500, maturity 2/2/2028 + +Highland Funds I + +* HIGHLAND/IBOXX SENIOR LOAN ETF (Ticker: SNLN) Actively traded ETF +* Loan to Citadel Securities LP $598,496; maturity 2/28/2028 + +Franklin Templeton ETF Trust + +* Franklin Liberty Senior Loan ETF (Ticker: FLBL) Actively Traded ETF +* Loan to Citadel Securities LP $1,442,750, maturity 2/2/2028 + +Franklin Investors Securities Trust + +* Franklin Floating Rate Daily Access Fund (Mutual Fund) +* Loan to Citadel Securities LP, $4,278,500, maturity 2/2/2028 + +Virtus Opportunities Trust + +* Virtus Newfleet Senior Floating Rate Fund (Mutual Fund) +* Loan to Citadel Securities LP, $1,946,347, maturity 2/2/2028 + +# LIBOR/SOFR Transition + +I’m not going to go into a lot of detail on the transition from LIBOR to SOFR rates, but what you should know is this, LIBOR was the benchmark interest rate for short-term loans, but due to recent scandals and questions around its validity, it is being phased out for SOFR. New issuance CLOs must use SOFR after 12/31/2021, and legacy accounts have until 6/30/23 to refinance using SOFR. The transition to SOFR for new issuances, and as others are refinanced, will not only be a kick in the nuts to the CLO Manager, but to the CLO obligor as well (Shitadel) because SOFR rates aren’t coming in nearly as cheap as easily manipulated LIBOR Rates were. The assumption is that Shitadel and other borrowers will do everything they can to avoid refinancing their CLO obligations until as late as possible as this interest increase will have an impact on the amount of $ they need to shell out to investors. [LIBOR Deadline Prompts Surge in CLO Issuances](https://www.ft.com/content/93448356-43a7-4326-95b2-2d6a627ca74f) + +# CRIME IN CLOs + +CLO funds also have their fair share of crime occurring just like the rest of the financial market. This article from 2/4/2021 [CIO Pleads Guilty to $100M CLO Fraud](https://www.ai-cio.com/news/cio-pleads-guilty-role-100-million-fraud/) shows us how fraudulent this market can be. IIG’s CIO and managing partner plead guilty *“to investment adviser fraud, securities fraud, and wire fraud in connection with more than a $100 million scheme to defraud the firm’s clients and investors.” According to the charges, David Hu and an unnamed co-conspirator “obtained approximately $220 million in bank financing to create a collateralized loan obligation trust, or CLO, for which IIG served as an investment adviser.”* + +*“David Hu admitted to shirking his fiduciary responsibilities and defrauding IIG funds and investors for more than a decade, causing millions of dollars of losses,” Audrey Strauss, US Attorney for the Southern District of New York, said in a statement. “Hu mismarked millions of dollars of loan assets, falsified paperwork to create fake loans, sold overvalued and fake loans, and used the proceeds from those sales to pay off earlier investors, and falsified paperwork to deceive auditors and avoid scrutiny.”* + +Looks like the CLO market is just as deplorable as any other market. Sounds ‘bout right. + +# TOP CLO MANAGERS + +This post is so long and I haven’t even gotten to the top CLO managers. Here’s some familiar faces: + +https://preview.redd.it/3xlt5tluq6a81.png?width=637&format=png&auto=webp&s=809be6371aae612d4b676385a16846e109360455 + +[https://www.cloresearch.co.uk/blog/us-clo-managers-aum/](https://www.cloresearch.co.uk/blog/us-clo-managers-aum/) + +# FIN + +I will be making a follow-up post to this with my speculative opinion on why Shitadel has climbed up the obligor leaderboard over the past year. I have some theories, but need more time to research. Feel free to beat me there! + +The main purpose of this post was to point out Shitadel and many others’ corporate loans are being sold from banks (to reduce their exposure) and bought up directly by mutual funds, pension funds, ETFs through syndication and indirectly through the CLO market. When the stock market tumbles, this market will tumble too. + +In the meantime, here’s a teaser: CLOs are often backed by corporate loans with low credit ratings or loans taken out by private equity firms to conduct leveraged buyouts through mergers or acquisitions... I wonder how many times Shitadel has filed an SC-13G form claiming beneficial ownership of acquisition companies. According to an Edgar full text search, this many times: + +https://preview.redd.it/w4idclt6r6a81.png?width=450&format=png&auto=webp&s=5cb15960e19099c84dde72ee45c4d665fd90523a + +[https://www.sec.gov/edgar/search/#/q=acquisition&dateRange=custom&category=custom&ciks=0001423053&entityName=CITADEL%2520ADVISORS%2520LLC%2520(CIK%25200001423053)&startdt=2021-01-01&enddt=2022-01-07&forms=SC%252013G](https://www.sec.gov/edgar/search/#/q=acquisition&dateRange=custom&category=custom&ciks=0001423053&entityName=CITADEL%2520ADVISORS%2520LLC%2520(CIK%25200001423053)&startdt=2021-01-01&enddt=2022-01-07&forms=SC%252013G) + +Wut doing Ken? + +As always, Tanks fo’ reedin’ + +PS – DRS is the way. + +EDIT 1: Spelling/grammar (the head injuries) - I see a formatting issue I don't like, but perfectly imperfect is a way of life. + +EDIT 2: Added source link for $2.3T lending + +EDIT 3: Added Citadel's name to the beginning of the post. +Taking a moment to recap my journey over the past year or so. + +**Property 1:** + +Bought a 4-family in Jan 2020 for $240K + +Spent $160K renovating it as leases expired. + +Inherited tenants at $3,600 and current rent-roll is $5,400 after improvements. + +Ultimately appraised for $589K and refinanced the full 75% out ($442K), netting me about $20K at closing after fees. + +Trying to refinance this property was a 6-month long process. What a humbling experience that was. + +**Property 2:** + +3-family in the town over from Property 1. + +Purchased in September 20 for $215K. + +The Previous owner delivered the property with one renovated vacant unit. + +We filled that unit quickly and our current rent-roll here is 3,750 per month. The other two tenants have stayed in place. + +This place needs some work, but we're fixing things as they fall apart with cashflow. We have $40K in reserves to address most of the big ticket items. + +We haven't refinanced this property yet and I don't imagine we will until 1) the major improvements are complete and 2) the two tenants we inherited leave, which ultimately allows us to improve those units and re-rent them at a higher rate. + +**Property 3:** + +A 4-unit mixed-use building. First-floor commercial, and 3 residential units. + +Purchased in March 21 for $315K. + +We inherited this property with a rent-roll of $3,250 and we're now collecting $5,600 per month after some improvements + optimizations. + +We're in the process of refinancing this property with a commercial lender and believe we can achieve a 75% LTV at an appraised value of $600 - $640K. The value will depend on what cap rate they use. + +**Financing:** + +We used a mix of hard money, private money, and our own money to fund all of this. With our own money being the least of the three. + +In most cases, we used hard money to purchase, and private money to fund the down payment and construction. In one instance, we used seller financing to fund the down payment and private money to fund the purchase money loan. + +We used our own money in some instances to fund shortages at the end of the month to ensure we didn't fall below the bank's minimum account balance requirement. All of that has since been recouped. + +**Rehab:** + +No swinging hammers over here. We have some tradesmen we can rely on, but for the most part, we use a general contractor for most of our work. They're expensive but require very little oversight and get the job done quickly. So worth it. + +**Property Management:** + +I built a partnership with my property manager. I gave them 25% equity and pay them 4% on gross collected. In exchange, they do everything. To be honest, I've seen the 4-family property once and I have yet to see the other 2 properties with my own eyes. I just don't care to. + +Some of my peers have called me crazy for doing this, but I find this structure aligns interests and keeps my PM thinking like owners. The 4% barely keeps the lights on, but the 25% equity on what we've built is a good chunk of change. On our 4-family alone, it's almost $50K of equity if we ever decide to sell. + +My PM has \~50 units under management and they also brought me all 3 of these off-market deals and waived their "finder's fee / wholesale fee" on each. + +**Learnings:** + +First, this is fun. I've done all types of real estate investing in the past, from wholesaling to private money lending and large multifamily syndications. + +There's nothing like seeing your own BRRRR go full cycle. Owning an asset with no money out of pocket is the ultimate unlock. + +Delayed Gratification is a mother. It will take a while to build enough cash flow to quit my FT job, but the wealth being generated by equity pay down, depreciation, and appreciation cannot be overlooked. + +**The Horror Stories:** + +\- We've had to replace a $3,000 ejector pump twice because our tenants put weird stuff in their toilets. + +\- We have a tenant who hasn't paid rent since Jan 21 + +\- A rain storm caused a roof leak in a newly renovated unit. Wasn't too bad. + +In the grand scheme of things, these are blips in the radar. Don't get me wrong, they're incredibly frustrating in the moment, but if we hold these assets long enough, none of these expenses really move the needle. Also, we're into all of these properties for no money out of pocket and they all meet their debt-service requirement. + +This is \~1.5M free and clear in the next 25-30 years in exchange for other people's time and effort. It would take $1,000 invested per month compounding at 8% per year to achieve the same result... + +**What Did I Miss?** + +I left out a lot of detail. Not really sure what's of interest to people here. Let me know if you have any questions, and I'll be happy to answer. + +&#x200B; + +\-- EDIT 1 -- + +This post caught some attention. Thank you to everyone that left a comment. Thank you for the support and also thank you to those that are suspicious / critical of my strategy. It made me think twice about my approach and I'm happy to say I'm digging my heels in. I'm proud of what my partners and I have accomplished in such little time. + +Is it the best strategy? Probably not. Is it foolish / too generous? Probably. + +But it's all good. Because I'm not optimizing for money. I'm optimizing for time. 25% Equity is a small price to pay to get closer to the ultimate goal of true wealth, which (to me) means time freedom. + +In one of my replies below, I did the math on the equity we've built. + +I've generated $400K of equity for myself and $130K of equity for my partners. Hard to be mad about that. Especially when most of my time was spent thinking rather than doing. +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! + +$900/6mo down to $550 (cough Florida). Same coverage. + +I called up, asked to cancel, gave the reason of finding a better rate, and the CSR "found new discounts" and dropped my rate significantly (ok, maybe not 50% but 40%). She never asked for the competitor's rate. + +Data point: Insured with GEICO for 3-4 years or so, slight discounts over time but never anything significant. + +My advice is if you find even a slightly better rate elsewhere, try for a retention offer; worst case scenario you switch. I also advise not being male, young, single, and/or a renter. +I’m in a bit of a bind. I’ve got a decent NW, but it’s not quite where I need to be to sustain fat life in a HCOL state. + +The problem is, I’m getting a bit lazy. The first business I bootstrapped, from that first sale to obsessing about data analytics to wearing all the hats and actually talking to customers etc. + +The second business I acquired. Flipped it for a 10x ROIC in two years. F*king great result. + +And now I’m the “weakest strong man at the circus” as one astute sub member pointed out. + +This cowboy needs one more ride. One more big score. But I don’t know if I’ve got the cojones. The stuff I used to do is now being done by BlackRock’s castoffs. I’m just a dude who used to know how to hustle. + +How, oh how, will I get there… +**Author of this article is Adam Cochran not me!** [HIS TWITTER](https://twitter.com/adamscochran) + +\- Evergande and other Chinese developers stocks dropping off a cliff in the HK morning session today. Here is what you need to know about why Chinese Real Estate may impact crypto and even US markets. + +\- Evergande ($3333.HK) is a major Chinese real estate developer, who through leveraged properties and issuing US denominated junk bonds, built up a real estate empire making it the second biggest in the country. + +\- Assets and equity boomed over the past decade, but net income struggled. The reason is debated, but it seems they were over leveraging properties that were getting very little actual revenue to grow their empire. + +\- This worked, right up until the pandemic really began to hurt the few commercial and tourism properties that were actually driving revenue for them. It's estimated that they've now managed to rack up more than $300B USD in debt. + +\- To put that in perspective $300B USD is the entire GDP of countries like Ireland, Denmark, Hong Kong or Portugal. And that is just the \*DEBT\* that Evergrande has. + + \- Currently rumors are swirling that Evergrande may not even have enough remaining capital to service the interest payments on their loans nevermind paying down their principals. + + \- Now, the real estate developer claims they are going to liquidate property to get 'operations back on track' But, those of us in the crypto market understands how liquidations work. + +\- If you are a liquidating because your collateral asset (real estate property) has sunk in value, and you have to sell that asset to pay back, then every time you sell it, the asset drops further. + +\- Evergrande is so large they will be in a race to the bottom as they'll be selling properties which will lower the average price of properties in the region, thus lowering their asset value and entering into a spiral. + +&#x200B; + +\- Evergrande currently owns a whopping 2% of all Chinese real estate and so this has lead Chinese issued bonds from nearly all real estate developers to sink + +https://preview.redd.it/kak3fn17cgn71.jpg?width=1275&format=pjpg&auto=webp&s=af36ab7a59da87e8a783db8accd9dfa50be32086 + +\- But Evergrande itself has been diving off a cliff all year and has reached a critical point + +&#x200B; + +https://preview.redd.it/xekh2l9dcgn71.jpg?width=1834&format=pjpg&auto=webp&s=8b8254592e240383c7c5f0a341384f8415ef9ebb + +\- Now creditors are unwilling to accept their bonds and demanding payments made and aggressive restructuring options are being reviewed. + +\- So why should you care? On September 15, 2008, Lehman Brothers collapsed dissolving $600B in US assets leading us to the worst market crash since the great depression. $600B in assets. + +\- **Right now, Evergrande has $200B\~ in assets, and $300B in unserviced debt. $500B total. So its entirely on the same level as the assets that Lehman Brothers had.** + +\- But, Lehman Brothers was a US bank broadly diversified across many industries. Evergrande is not. Evergrande is in one industry and only one industry. And its debt is held by banks across China, the US, Canada, UK, Australia and others. + +\- This also comes at a time when markets have been on an artificial, inflation driven, quantitative easing fueled run up like no other. So when the hammer does drop, it will drop hard. + +\- But, this will not only cause defaults on bonds, but it will mean billions of dollars unpaid to Chinese contractors and goods suppliers, and it will mean the largest ever bulk real estate liquidation ever if Evergrande goes under. + +\- That real estate collapse would mean the asset sheets of other real estate developers, banks and mortgage companies in China would all crumble. Remember the big empty houses in the US in 2008? That times 100x. + +\- **Then we have to remember that China owns 15% of all global debt, so what happens when they have an internal crisis? They are likely to start aggressively pursuing some of that external debt.** + +\- Which much of is likely with the same overseas banks and funds that own Evergrande bonds in the first lace. + +\- Now, there is a chance that the CCP step in and find a way to bail out or unwind Evergrande. With China's internal policies, it seems quite likely, although it will still likely be a pennies on the dollar bail out. + +\- But, if they don't then market conditions are primed for a god damn meltdown. **We're sitting on a powder keg of weak economic involvement and yet all time high stocks, huge inflation and disconnected markets.** + +\- **The question of a large correction is not a matter of if, it is a matter of when, and how bad. That correction could be soon, it could be years from now, but it will happen.** + +\- The longer it takes the worse it gets, but there are unique events that could make it far, far worse and the collapse of Evergrande is certainly one of them. + +\- These shockwaves would be felt in markets around the world.Either way Evergrande is a HUGE story that most Western media is entirely oblivious too. I hope they get to stay that way and never have a reason to learn their name. But there is a chance that we're currently staring down the barrel of the next financial meltdown. + +\- It all comes down to what the Chinese government will do, and if the Chinese real estate market actually has enough demand to keep these assets a float. But it's damn dicey. +Dear followers of these groups, stop being manipulated by them, you are just like dogs, waiting for a bone while the owner eats the meat. +These so called "experts" are just buying a lot of coins, at a low price for weeks and then they ask you to pump it so that they can profit, basically taking money from you! If you are lucky enough, few of you will have some profits, but these are only bread crumbs comparing with how much money the "experts" are making. +Please understand that, it is possible to get rich with cryptocurrency but not over night. Read, form your own opinion over a crypto, think if that project has any potential and buy it. Don't wait for someone else to do it for you or to tell you what, when and where to buy. +Wake up people!! Stop being manipulated by thiefs and stop following them. +I see alot of people talking about how we have too many billionaires, and how it's a bad thing? But all I see, it seems like for to some extent, these people have no choice but to be billionaires. + + + + + + + + + + + + + + + + + + + + + + + +My reasoning behind the thought, is when Amazon provides a service, and millions of people use it, it automatically creates a billionaire. So do billionaires exist because those individuals seek out billions, or is it more they provide such a great product/service that they are kinda forced into becoming billionaires? +Hector is the reserve currency of Fantom, where 3,3 became 4,4. It’s Super Sunday today for Hector. After a $2,000,000 burn, all Hectorians are excited for tonight’s AMA tonight at 20.00 UTC live on Youtube where the 2022 Master Plan for Hector DAO will be revealed. At Hector, the Olympus rebase model will be combined with an entire financial ecosystem with the aim of providing as much value to the $HEC token for the holders as possible. + +Looking at the performance of Olympus as well as Olympus forks over the last months, it is evident that staking and bonding alone are not going to cut it for Hector DAO. High APY rates have the consequence that everyone’s piece of the pie will be drastically diluted and the overall token price will continue to fall without buying pressure from somewhere. The market is competitive and is continuously developing. The fact that Hector DAO will combine the rebase model with an entire Hector Ecosystem, is incredibly bullish and unique. + +Do not miss the AMA. It will be streamed live at [https://www.youtube.com/channel/UCE2kfScrJujDQ32HRPEIF2w](https://www.youtube.com/channel/UCE2kfScrJujDQ32HRPEIF2w) + +There are tons of Olympus forks out there. Why Hector? + +Because is has the best team and the most positive and contributive community out there. It's not a fork by the way, but more a Spoon, looking at all the additional value the protocol already created. + +Hector just turned 2 months old, but already achieved so much. The best market cap / risk free value of the treasury ratio. Immense social media presence. A dedicated, original and incomparable marketing operation. Hector introduced the first wFTM, MIM, USDC, FRAX, etc, bonds on FTM. Hector invented and implemented the first 4,4 bonds (hyperstaking) in the space. It launched a more efficient staking contract (v2) and implemented a unique 100% SAFU treasury investment contract with Curve integration. There is also a unique buyback and burn system (staggered buybacks from LP) in place. Hector had the first gOHM bonds on Fantom. 2 days ago, Hector implemented a warm up period after staking with forfeit option, including new bond contracts. + +What's next for Hector in 2022? Do not miss the AMA at 20.00 UTC live on Youtube! + +[https://www.youtube.com/channel/UCE2kfScrJujDQ32HRPEIF2w](https://www.youtube.com/channel/UCE2kfScrJujDQ32HRPEIF2w) + +# Join 👇👇 + +Website: [https://hectordao.com/](https://hectordao.com/) + +Telegram: [t.me/HectorDAO](https://t.me/HectorDAO) + +Discord: [discord.gg/hector](https://discord.gg/hector) + +Socials: [https://linktr.ee/HectorDAO](https://linktr.ee/HectorDAO) +Getting into the hypotheticals as I haven’t done enough homework on this but.. + +Let’s say my mortgage payment was $ 2300, but the rental market priced my unit at $ 2100/mo. + +Has anyone ever ended up in a situation like this? What happened? + +*my thought was I live w my gf who pays me rent, I own the unit. I could afford the $ 2300 if we broke up but I would never live in the area I’m in now as a single person and would want to move locations within my state. + +If I went back into the city and found a place for $ 1500 ish, and ended up where I could only find a renter for $ 2100, would the 200$ out of pocket not be a big deal to hold onto a property if it did come to this ? + +Edit: Good discussion, learned a lot as a first time home buyer. I have no intention of leaving my GF my high ass came up with that scenario as to why I might need to rent out my spot, with the ‘curveball’ the rented spot could be significantly cheaper. + +Edit 2: I just did the Zillow rental calculator and they put me at $ 2175 - $2340 rental potential. Also worth noting 308$ of the $2300 is HOA, which I included because it’s still a cost I would want covered (I’m in a condo). +Is there any empirical support for the neoclassical theory of consumer choice? My priors are that there isn't but I'm open to my mind being changed. + +I am pre-empting some "All models are wrong, some are useful" style responses to this. If you prefer to answer in this way, then how is the consumer choice model useful? If it is because it might predict the ways consumers behave on average, then wouldn't a model that also predicts this, but has more realistic underlying behavioural choices, also be as useful? And such a model would also have the virtue of more accurately describing the processes that lead to the outcome. + +But it would be much more convincing to hear about some actual empirical support though, instead of a justification of the deductive reasoning behind the assumptions. + +My experience of qestions that implicitly criticise neoclassical theory is that they sometimes provoke a response from some (not all) people which is not so much like honest and open debate, and is instead defensive and disparaging of the question. + + I hope this does not provoke such a response. I'm genuinely interested in what research exists +I was looking at something, and noticed that the "defacto" owner (or largest stakeowner) of Samsung (group) is weighted at just 9 billion usd. How is this possible? Samsung, worldwide conglomerate, major player in high tech and in other industries, with hundreds of billions of revenue per year, and yet it is valued lower than, let's say, gates, musk, bezos... + +How is this possible? +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! + +Not really the best when it comes to financial planning so I guess I’m really starting from scratch...wondering if you guys could give me top 3-5 things someone my age should be doing with their money! Thanks!! +TLDR; When an economic recession comes in, it takes a bit of time until the effects of the recession impact the "day to day" economy. + +So I would like to share some of my own experiences and memories, I am not try to lecture anybody, I am just stating my experiences during recessions, that is all. I am 37, from Spain and moved to Australia in Jan 2011. + +Before I continue, lets throw a few quick facts about the Spanish economy: + +1. It is roughly the size of the Australian one (around 1.1 Trillion euros) +2. Spain has 42 million citizens. +3. Spain is a modern country with a consolidated democracy, it has been a member of the European Union for decades and of top of that it has a lot of relations with Latin America. + +And now lets go for the story. + +So, from memory I recall the recessions of 1993 and, specially 2011. + +In 1993 I was still a kid, so I was not really that aware of what was going on, I recall a lot of news regarding unemployment (which went up to 21%, now keep in min that Spain has a HIGH unemployment in general, so I do not expect those levels in Australia), economical changes (many public companies were made private) etc. + +So, lets talk about 2008. In reality there were news at the end of 2007 about things going south (mainly in the USA), but nobody really paid attention, Spain had been one of the fastest growing economies in Europe for the last years, we had passed Italy in terms of per capita income and we were getting close to France. + +In fact, there were general elections in 2008 (the equivalent of a federal election) and the party in power (the equivalent of labor here) won again, with a slightly larger amount of seats. One of the promises was to reach full employment (at that time Spain was on a 8% unemployment, which was a RECORD LOW for the country, believe it or not). + +I recall speaking with my mum in May 2008, the news were already talking of recession, economists were talking of the problems coming in... etc. And yet I vividly remember having a conversation with my mum and talking about how none of that seem to be happening, people were buying as usual, bars were full of people, retail sales were ok, there was no reason to be concerned (what an idiot i was!). + +But the fact is... that **indeed, the day to day economy was not affected**, I had finished uni in 2006 and I got a job within 2 weeks, then I decided to change jobs at the beginning of 2008 and again at the beginning of 2009... there were still plenty of jobs around. + +**It was towards the end of 2009 that things started to be bad**, suddenly there was no money. Economy stopped, the government started to slash public spending, unemployment rose, which actually meant less income for the government and more spending needed, but there was really no money available. At the time the public debt was around 30-40% of the GDP, but the interests started to grow (If i am not mistaken at some point the Spanish bonds were paying 5-6% interest!). + +2010 saw the situation deteriorating even more, unemployment went to 20%, people started to default on their mortgage payments (oh, yes the whole Spanish real estate bubble is another story... but **even without a bubble, if you have no job, you cannot pay a mortgage**, as simple as that). + +Retail sales dropped even more, and it is worth mentioning something here: **The perception of the risk**. Now, **most of people do NOT lose their jobs during a recession, but MOST of people are concerned that they might lose their jobs during a recession**, so everybody slashes their spending just in case, which actually reduces money movement, which pushes unemployment up even more... you know the drill. + +2011 I moved to Australia, but I was still highly connected to my friends over there. In May 2011 people started to occupy the main squares of the main cities protesting (in quite a peaceful way btw), I will explain the consequences of that. + +It was during 2011 that there were the equivalent of state elections. The party in the opposition won most of the states, so the central government decided to anticipate the equivalent of the federal elections which saw a huge decline in votes for the labor party, the conservatives won. However as a consequence of the protests of May 2011 two new parties had formed and they got over 100 seats on the parliament (Spanish parliament has 350 seats). + +There were terrible news: People that had never been in poverty were suddenly looking into the trash or checking the supermarkets for expired food and stuff like that, absolutely heart breaking. + +So, where do I want to go with all of this? Well my main point is that normally it takes a bit of time since a recession starts until it effectively affects the average citizen (sure, there are people affected NOW, but in general things are still ok). The other point is that most Australians have not experienced a recession (and do not get me wrong, that is a GOOD thing), which means that they might not know what is coming. + +A recession (if deep enough) has consequences other than the economy: Governments fall quicker than expected, behaviors change and people might be a bit more stressed or depress. Yet most of the individuals will not be affected, however most of the individuals will have someone in their inner circle that is affected on one way or the other. + +So just a word of advice: have some savings, be psychologically prepared (nobody really knows how long this could last) and remember that when the economy starts to recover it will also take a bit of time until the recovery is evident to the average citizen. +10 Best Stocks To Buy and Hold For 5 Years According To ARK’s Cathie Wood + +.. + +I am not a big fan of sharing "analyst's" predictions. Yet, consider the love of ARK funds and many considering Cathy one of the top wealth managers of our generation, I think it's worth a quick read. + +https://finance.yahoo.com/news/10-best-stocks-buy-hold-194232017.html + +The context and content is quite good, I definitely recommend you read the whole article, but tl;dr is below. + +- 10. Proto Labs, Inc. (NYSE:PRLB) +- 9. LendingTree, Inc. (TREE) +- 8. Teladoc Health, Inc. (NYSE:TDOC) +- 7. 2U, Inc. (NASDAQ:TWOU) +- 6. Zillow Group, Inc. (NASDAQ:Z) +- 5. CRISPR Therapeutics AG (NASDAQ:CRSP) +- 4. Roku, Inc. (NASDAQ:ROKU) +- 3. Square Inc. (NASDAQ:SQ) +- 2. Invitae Corporation (NYSE:NVTA) +- 1. Tesla Inc. (NASDAQ:TSLA) + +Honestly this is not a surprising list, considering many holdings are in ARKK. Yet, I'm sort of surprised to see Roku on the list. Their OS isn't great and most smart TV makers will opt in for their own app stores and OS versions over Roku. Although it's probably a good stock for the next five years, just wouldn't put at #2 (edit: #4) I guess. +My cousin died tragically almost two years ago, while his girlfriend was pregnant. He was like a younger brother to me, and I want to help his daughter be financially secure. + +His girlfriend and her family have/make very little money, and I’ve currently been sending them $250 a month to help with various expenses. I’m fortunate to work in tech and make enough that diverting from my own savings to help them is do-able. However, what I’d love advice on is how best to set up his daughter for the future (college, etc). + +Is a trust fund a good idea? An annuity? Something else? Would love as many specifics as possible as this isn’t something I know almost anything about. Thanks! + +EDIT: Thank you all so much for the suggestions! I’m definitely going to look into a 529 now. One thing some folks mentioned that I’d explicitly call out is that I want funds to be available not only for education for her. + +A big part of why I’m currently sending $250 a month to her family is so they can help afford things like soccer league fees, etc while she’s growing up, but I’d like to invest in something that will grow that she can use to pay for life and general interests when she’s older, as well. + +SECOND EDIT: +Realizing additional context could be useful: I just bought a house which is what I had primarily been saving for. I'm already trying to cover tactical needs for her and her family with the $250/month which I'm going to begin increasing soon, and my primary objective with this question is better understanding what I can do with my bonuses/etc that can be invested in a way that will grow over time for her to use when she's older. I get ~$10k a year in bonus and was thinking that $10k invested now will be worth a lot more in 18-ish years. +[https://imgur.com/a/9oZU06y](https://imgur.com/a/9oZU06y) This was in Cameron County TX and I am not sure if this is a signal to go bigger on everything on the water, or sit back and watch. I wanted your takes. +> **User Reports** + +> (a bunch of normal reports) + +> 1: Tell the admins to bring back the porn. Don't remove functionality to sanitize the site, asshats. + +??? +* For Q4, Jan - Mar, agriculture grew at 3.1% +* Mining declined almost 6% +* Manufacturing grew at 6.9% (Note that Mar 20 was a voluntary shutdown for many factories) +* Construction grew at 15.4% +* Hotel and transport declined by 2.3% +* Numbers for Apr-June quarter are likely to be low in absolute, but would still be a good increase over the previous year due to low base effect +* There would be breathless headlines that this is the worst GDP in last x decades; most of that was from the first half of the year +This was an interesting question asked during a little finance group meeting I was in. + +What is something you are not admitting to yourself about money? + +For example, do you feel you are addicted to money? I.e. earning it and not taking a break, focusing on other important things? + +Someone else admitted that they are addicted to saving money at the cost of happiness of them or their partner. It is good to save money but this person was so intense that they forgot to take a step back and let go every now and then. + +So what is something you are not admitting to yourself about money and work? +[https://uk.finance.yahoo.com/news/black-deportation-staff-called-cotton-150806960.html](https://uk.finance.yahoo.com/news/black-deportation-staff-called-cotton-150806960.html) + +Thought this was a solid company fundamentally but I am put off by this recent lawsuit and have researched deeper into the companies past and have found a fair amount of shitty ethics. Felt uncomfortable holding such a company so have sold all my holdings. Wondering if other people are put off companies in such events? + +This is not political but a discussion of ethics when it comes to investing in companies. +I recently posted my old drum kit to sell for about $1,500. This guy messaged me on one of the platforms that he wanted to buy my kit for a little bit less. I'm in a hurry to sell it and I was anticipating some haggling anyway, so I agreed. He then tells me that he will mail me a check plus some extra to pay for shipping the drums to him. His whole story was very vague as to why he couldn't pick up the drums himself, or why I had to pay for it. I figured if he sends me the check and it clears, then it's all good probably. I got the check in the mail this morning but it is for almost THREE TIMES the agreed upon price. As much as I would like to accept the money... what is this guys angle here? There's no way shipping drums would be over $2k, right? + +Along with the check, he also sent a cryptic note saying that I should text someone named Rebecca (not the guy's name) once I have deposited the check so that their company can "update" their account. At end of the note it says "Do not in any way disregard this note and instruction on it even if you are told to do so, it is mandatory for you to comply to avoid any difficulties. Thanks for your understanding. Regards, Company CPA." After typing that out, this all seems even more sketchy. What do you guys think I should do? How do I verify that this dude is legit? Should I just toss everything and find someone else to sell to? + +Edit: Got it. This is a scam. I suspected it was, but was not sure how it would work until now. Thanks for the help everyone! +Although BTC started to tank a little today, ETH just reached a new ATH around 2920$ 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. +Got a call this afternoon from an automated voice, telling me my tax file number had been suspended for fraudulent activity and that it was going to court, and to press 1 to avoid being arrested. + +Obviously, as a 20 year old with nothing to my name, I knew that wasn't right. I did not press 1. I hung up and rang the ATO, and then filed a scam report. The call came from a mobile number, which I also gave them. + +Just figured I'd share here too. +Hello friends, + +MtGox is gone. So let's prepare ourselves. + +On Tuesday, and for the rest of the week, all hell will break lose in the media. It will be blamed on MtGox, it will be blamed on Bitcoin, it will be blamed on the "bug," and it will, more than anything, be blamed on the "lack of regulation." Pundits and "experts" of all types will weigh in on the calamity. It will be world news in a matter of hours. + +Get ready, because it will be an ugly week. + +For all of you who lost money, my heart goes out to you. Some people lost a little, some lost a fortune. It will make people sick, and depressed, and full of grief. Personally, I had over 550 BTC in Gox. I will never get any of that back. If misery loves company, then we'll be enjoying a grand feast today. + +I should have known better, of course. I take responsibility for leaving those funds with an entity that had proven incompetence repeatedly. I chose to ignore even my own warnings, for nothing more than the sake of convenience. + +Gox is still at fault, to be sure, but I have learned the lesson. I hope it is not such an expensive lesson for others. And for all you observers, please take a moment to consider it as well. + +Be mindful, however, that the wrong lessons are not learned, for that would be the true tragedy, indeed. + +Let me suggest that the lesson is not that Bitcoin is broken. Bitcoin is fine. + +Similarly, the lesson is not that security is impossible. Those who know what they are doing, can achieve it and help others to do so. + +The lesson is not that nobody can be trusted. There are countless good men and women in this community who are worthy of trust, and some of the very best people I've ever met. + +And finally, the lesson is not that we ought to seek out "regulation" to save us from the evils and incompetence of man. For the regulators are men too, and wield the very same evil and incompetence, only enshrined in an authority from which it can wreck amplified and far more insidious destruction. Let us not retreat from our rising platform only to cower back underneath the deranged machinations of Leviathan. + +The proper lesson, if I may suggest, is this: We are building a new financial order, and those of us building it, investing in it, and growing it, will pay the price of bringing it to the world. This is the harsh truth. We are building the channels, the bridges, and the towers of tomorrow's finance, and we put ourselves at risk in doing so. + +We are at risk from accidents. We are at risk from fraud, from corruption, and from evil. We are at risk from journalists seeking headlines and from politicians seeking power and glory. We are at risk from the very market we are trying to build - a market which cares not about our portfolio, our ambitions, or our delicate sympathies. + +For all these risks, devastation will befall us repeatedly. Some of us will be discouraged. Some will be ridiculed and insulted. Some will be tricked, or swindled. Some of us will be crushed or caged. We will be set upon by all manner of antagonists, repeatedly, for a long time. + +So why do we do it? Why do we build these towers that fall down upon us? Why do we toil and strain and risk our precious time, which is the only real wealth we possess? + +Because the world needs what we're building. It needs it desperately. If that matters to you, as it does to me, then hold to that thought. You will see through the smoke, and your wounds will heal. + +So shake it off, brothers, for this won't be the last calamity endured before the win. + +Tonight, my heart is with you all. + +Tomorrow, my head is down. My eyes are open. And I am building. + +Toward peace and freedom, + +-Erik Voorhees +Hi all, well i have this strategy on ETH USD 30 min chart. +https://i.imgur.com/uZW8nLU.jpg - chart with 100% use of equity + +https://i.imgur.com/UjMSIpU.jpg - same chart just fixed amount for every trade + +i have automated signals through alerts webhook. it trades automatically very nicely without glitches. + +But i started 20 days i ago and since then i experience only loss. like 15% less from my total balance in exchange. + +Why this happens? does strategy only optimized for the past? and for future it can preform extremely bad? +if i change time frame to 40 mins or to 15 mins all these results changes dramatically to negative values. it's like i applied my strategy to "future" chart if you understand what i mean + + +But at the end of the day i thinking if this strategy was performing so good in past year, why it cannot to coming year? it should. so i keeping my bot active and watching loss almost every morning with extreme anger +This is hilarious. The stock just jumped 5% in HK. China’s most recognizable entrepreneur addressed teachers via livestream Wednesday during an annual event he hosts to recognize rural educators. In a video of the event circulated online, Ma talked about how he’ll spend more time on philanthropy. The co-founder of Alibaba and Ant didn’t mention his recent run-ins with Beijing during his address, which was first reported in a local blog. Ant confirmed the authenticity of the video in an email. + +Alibaba’s shares gained more than 5% in Hong Kong. + +[Jack Ma Emerges for First Time Since Ant, Alibaba Crackdown](https://finance.yahoo.com/news/jack-ma-emerges-first-time-042347640.html) + +EDIT: Made the easiest 20% of the new year with boomers fear mongering about the stock. +I’m a 35 yr old male. A few years ago I met a woman and we started dating. She is amazing. Creative, playful, supportive, understanding. She makes me laugh so much and I feel great when I’m around her. After a series of relationships where I didn’t feel seen or wanted, its kind of a miracle. + +Here’s the thing though. She’s 35 and her parents still pay her rent. As a former nanny and now a dog walker, she doesn’t earn much, and she also doesn’t seem motivated to work very hard. (Probably like 20 hours a week is her max, and then she feels too stressed out.) + +We’ve been dating for about 2 years, serious for a year and a half of that. Almost a year ago I shared my plans for financial independence and told her how important it is to me that she learn to live within her means. She said she was going to work on it and even saved a couple thousand dollars but then she reverted back, spent her savings and started getting defensive when I brought it up. + +Two years into the relationship, I am feeling like I need to make a decision. She is amazing and I love being with her. But I can’t count on her to be a contributor for FIRE, and she might even be a liability. I don’t make much but I’m good at saving, and she isn’t a big spender but can’t get it together to break even. Do I settle down and try to make it work or move on and try to find someone who is more compatible in this area? + +**By the numbers:** + +I make about 60k a year and save 2,400/mo. Between my 401k and VTSAX I’ve got about 110k. (Puts me on track for FI/RE in about 10 years). She makes enough to cover her living expenses but doesn't have health insurance or take vacations. Her parents pay for her apartment (about $1200/mo). Neither of us have debt. + +Its worth noting that her parents have offered to put a down payment on a house for us (50k max) and contribute to her savings. Neither of us are attached to having children, but it would be a shame if it wasn’t an option at all. + +What do you think? Can I commit to this partner and still have the life I want or do I have to choose between them? + +Are these serious red flags or could we work as one of those relationships where I’m just the person who handles the money stuff? + +How do you talk to a new romantic partner about FI/RE when they aren't earning enough to cover their basic needs? + +I’m looking anywhere I can for advice. Thanks in advance. +Mohnish Pobrai for a long time has been highly regarded by the value investing community. As a Buffett disciple, he has been mentioned for years in value communities for his simple “cloning” style and his nice sound bites and quotes. + +However, what he has NOT been known for, is outperformance. I will caveat this with the fact that we can only truly know for sure the performance of his US investments as that is what is required to be reported in 13-F filings. + +According to TipRanks, which tracks investors 13-F filings, Mohnish has returned -58% over the last 10 years and ranks 403 of 462 funds that they track. That’s right, in 10 years since 2012 the S&P gained 212% and Mohnish’s fund is down 58%. For those that will say “he’s a long term investor”, 10 years with over 300% underperformance is plenty of runway, but I have more proof that he is in fact not a long term investor. + +Beyond just his poor performance, let’s look at his track record. + +- BABA - As we know Mohnish is a “cloner”, and followed Charlie Munger into BABA in early 2021. He talked about it in interviews how amazing the business was and how misunderstood Chinese tech companies are. He then rode the stock down over 50% until Q3 2021, when he sold entirely for “tax loss harvesting” and because he claims he likes Tencent better. Taking a 50% haircut in 6 months then selling for tax reasons doesn’t sound like things many “long term investors” I know do. + +- SRG - Mohnish has been proudly pushing Seritage Growth Properties for awhile now saying how deeply undervalued it is. He first bought in Q1 2016, then sold all in Q2 2017…another loss and another short holding period. He then doubled down on SRG again in Q2 2020, again touting how it’s a long term hold…only to sell it again in Q1 2022, this time for a gain but still off from its 2021 highs. He sold claiming that the businesses debt and time it would take the restructure its properties became too complicated, again something I feel a value investor takes into account before buying. + +- EAF - Mohnish made a huge splash buying the little known Graftech (EAF) in Q2 2019. He claimed the small business had a monopoly on its specific process of electric arc furnaces and has the type of competitive advantage he looks for in businesses. Apparently he changed his mind, because only 9 months and 30% down later, he sold his entire position. + +GOOG - Bought and owned GOOG for a few years from 2015-2018, but sold in 2018 and missed a 200%+ run up in the stock + +Mohnish now has been touting his idea that he likes to invest in “spawners”, businesses like Amazon or Google that are massive FCF machines and use that FCF to “spawn” new businesses within them. Interesting that he is currently 100% invested in MU, a business that is clearly not a spawner, and one that he is only up around 30% on over 3 years. + +I’m not the only one who feels this way, his investors do too. His fund has dramatically reduced in size, from $540M AUM in 2013 all the way down to $100M AUM in 2022. Massive reduction caused by both outflows and fund performance. + +I feel that Mohnish says many of the right things and gives value investors a lot of nice simple sound bites about investing, but that in reality he is a fake guru that is great in interviews but not so great at investing. +The stock currently trades at about $5, with a $400M market cap. Ryan Cohen took a position in the company back in March of this year, and a lot has happened since then. Earnings were garbage as expected, and cash was being burned at an extraordinarily high rate. The former CEO Mark Tritton is gone as of a few weeks ago, which could be viewed as good news as he was responsible for the irresponsible share buybacks that put the company in debt in the first place. A sale of Buy Buy Baby is actively being discussed, although what it would be sold for remains to be seen. I've seen projections anywhere from $500M to $3B. I think the stock makes sense as a turnaround play given how bad management was before Cohen got involved, but I want to hear some other opinions too. I do think there is still a risk of bankruptcy, but that the current stock price makes it conceivable to accept that risk. +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! + +"Just how big was Target’s quarter? Let’s put it in perspective. The retailer’s sales totaled $22.3 billion in the three months ended Oct. 31, a $3.9 billion increase from the same period last year. By comparison, the chain’s increase in sales for the entire preceding fiscal year was $2.7 billion. In other words, in the third quarter alone, it had to figure out how to manage the equivalent of a more than a year’s worth of growth. And that’s after experiencing a huge sales increase in the second quarter. It’s an utterly herculean operational lift — requiring a rethinking of supply chain, inventory management and labor models — and it bodes well for Target’s long-term prospects that it was able to adapt to these conditions so quickly." + +https://finance.yahoo.com/news/target-crammed-worth-growth-quarter-113202818.html +I've been watching this whole thing play out since January. Definitely not as long as others, but enough to check in and watch subs like this grow and galvanize throughout this entire journey, and I'm happy to join in and be apart of it at long last. + +&#x200B; + +(Also, I'm not sure which flair to use for something like this so I guess shitpost works) +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. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +I posted about this [just a few months ago](https://www.reddit.com/r/Bitcoin/comments/6jrl5o/unrealistic_volatility_expectations/), but I feel that it's necessary to repeat. The Bitcoin price is on an unbelievably ridiculous upswing which is rather likely to be a bubble. If you're trying to get rich quick by dumping your retirement funds into BTC at $10k, then your "investment strategy" is not much better than someone betting everything on a game of roulette. High-risk-high-reward investing is not *necessarily* bad, but you have to seriously look at your thought process to make sure that you're not: + +* Being blinded by dreams of getting rich quickly, similarly to people who dump money on very-negative-EV lottery tickets. +* Getting wrapped up in "HODL" memes, reddit comments, and other groupthink, which is sometimes fun, **but absolutely the last appropriate source of investment advice**. +* Acting based on panic thinking like, "OMG the price is going to $1 million and I will *miss my chance forever* if I don't buy *right now*" or "OMG the price is going to $0.01 and I will *miss my chance forever* to retain some value if I don't sell *right now*". +* Investing more than you can afford to lose. **Bitcoin is HIGHLY, HIGHLY speculative**. No investment advisor would tell you to put all of your life savings into MSFT or whatever, and MSFT has a market cap 4x larger than Bitcoin. Although I *believe* that it is very unlikely, there are several ways in which the value could drop precipitously, even to zero. For example, there is *no mathematical proof* that the cryptographic algorithms used in Bitcoin are actually secure -- they are merely *believed* to be secure because nobody has been able to break them after many years of intense scrutiny. (I'm not here recommending "diversifying" into altcoins -- altcoins are almost all complete trash, and price-wise they follow BTC but with even more volatility, so they're not really useful for diversification.) + +It is entirely possible that the massive price increase of the last year is based on lasting fundamentals. In addition to things like the fairly recent subsidy halving, the defeat of B2X, etc., the world fiat-based economy is in many ways on very shaky ground, and getting worse all the time. There are many good reasons why BTC should have a larger market cap than every fiat currency combined. It's even possible that the price will increase quite a bit more from now. But for goodness sake, don't think that Bitcoin is the first-ever infinite-money generator that will continue to rise exponentially forever (in real terms). I can nearly guarantee that **there will be a large and long-lasting crash/downturn at some point**. Maybe it will be $10k to $5k, maybe it will be $50k to $30k, who knows. But if you're thinking for example that the current $5k+ price range is *absolutely secure* after only existing for a few months, then you're traveling blind through very dangerous territory. + +Some points to consider: + +* Buying near the ATH is very risky, and while it *can* be correct/profitable, it puts you on the wrong footing. You need to buy *low* and sell *high* to make money. +* On 2013-11-29 (exactly 4 years ago) the peak ATH hit $1163, and then fell to $152 by 2015-01-13. That's a drop of 86.9%. Imagine this happens again: The price drops sharply to $2000 or something and then just continuously decreases down to a low of $1,432 (an 86.9% reduction from today's ATH) over the course of a *whole year*. I'm not saying that this *will* happen, but it's happened once and it *can* happen again. **Could you survive this?** +* Bitcoin is experimental, and it is probably imprudent for someone who is not a true believer in the *soul* of Bitcoin to invest a lot into it. For example, I personally wouldn't invest more than a few percent of my total assets into ETH even if I felt very confident that it would rise in price because I simply don't believe in its philosophy or long-term value. +* To reduce risk, it is frequently recommended to allocate assets by percentage, and rebalance upon large price movements. Eg. If you previously decided that you want to allocate 50% of your wealth in BTC (because you are a super big true believer), but BTC is now 90% of your wealth because the price increased so much, it may generally be advisable to start selling to rebalance your BTC allocation back down to 50%. I'm not saying that it is always absolutely wrong to have 90% of your assets in BTC or whatever, but it should be because you are intentionally *choosing* to do so, not because the price got away from you and you never really considered that you now have 90% of your wealth riding on one thing. +* Avoid panic buys and panic sells. Dollar-cost-averaging over a long period of time is often a good strategy. +* Nothing rises in real value to infinity. That's impossible. It is possible that 1 BTC could someday be worth infinite *dollars*, but that just means that dollars are worthless in that hypothetical scenario. BTC probably does have plenty of room to grow in real value before it completely takes over the world, but keep in mind that there *is* a ceiling. +* If BTC were to reach values like $100k-$250k, that'd probably cause/imply that the prevailing economic regime has completely fallen apart. At some point in that price area, people around the world would probably lose substantial faith in fiat currencies. A good result, but ask yourself: do you expect the prevailing economic regime to *go down easily*? + +I'm not telling you to buy or sell, and I'm not giving financial advice here. I'm just urging everyone to think rationally, not emotionally or recklessly. +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 great philosopher DJ Khaled said - "Another One" + +These businesses are dropping like it's hot. Not a good time to be in the industry or getting a house built. How many more will we see, a new one each day?? + +Daily Telegraph link- + +[Sunshine Coast building company Pivotal Homes goes into liquidation | Daily Telegraph](https://www.dailytelegraph.com.au/business/companies/sunshine-coast-building-company-pivotal-homes-goes-into-liquidation/news-story/d1b19dd0defcc1ecdeaae8464e6ef815) +EDIT/CORRECTION: As some Apes have pointed out, FUD is probably the incorrect term for this post, it should be labeled as DEBUNKED. Sorry about that, too many crayons for breakfast. + +EDIT2: I have chatted with the author of that tweet. To clarify my intent, I only wish to correct misinformation, not to launch personal attacks. I saw incorrect information and reacted strongly in this post with terms like FUD & DEBUNKED. This does not mean I will not continue to correct misinformation, just that I will do it with more tact. + +EDIT3: The Author of the tweet still wanted this image below removed, I said no and will apparently be reported, I said go ahead, my patience has reached it's limits. + +&#x200B; + +Yesterday I saw this post from u/einfachman: [https://www.reddit.com/r/Superstonk/comments/p7l5bl/kenny\_sent\_another\_14\_billion\_to\_cayman\_islands/](https://www.reddit.com/r/Superstonk/comments/p7l5bl/kenny_sent_another_14_billion_to_cayman_islands/) + +It was a screenshot from a Twitter account claiming that $14B was transferred to the Cayman Islands recently, they didn't and I can explain what's really happening. + +&#x200B; + +[I replaced the initial version of this with FUD overlaid, DEBUNKED is a better description and I wish I could alter the title of this post, I'll cut down on the morning crayons in the future.](https://preview.redd.it/3l05t7pl8ji71.png?width=475&format=png&auto=webp&s=537661d4eacb199ba66a419d44b12ae52dbdbf09) + +I actually created a Twitter account for the purpose of replying to clear up the ~~FUD~~ misinformation, but apparently this account can't be replied to, any account that does not accept criticism sends up red flags, so I will clarify here. + +This Form D [was filed on May 5, 2021](https://www.sec.gov/Archives/edgar/data/0001199937/000180233221000005/xslFormDX01/primary_doc.xml) and [I had already addressed why so many Form D's were being filed in this post](https://www.reddit.com/r/Superstonk/comments/np6f78/citadel_has_been_filing_form_d_amendments_and_ill/). So this is actually old news. + +This filing is an amended Form D. They must be filed annually OR if anything changes since the lat filing was made. As you can see, these filings have been going on for a while. + +[List of Form D Amendment filings by Citadel Kensington Global Strategies Fund Ltd. https:\/\/www.sec.gov\/edgar\/browse\/?CIK=1199937](https://preview.redd.it/r4uo25dfjii71.png?width=682&format=png&auto=webp&s=81ce8d3843f984679fc0d44743226460906b35b5) + +So, what is a Form D for? Here's the explanation from [investor.gov](https://investor.gov): + +[https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/form-d](https://preview.redd.it/he8c1q0hkii71.png?width=701&format=png&auto=webp&s=23c3ce8470368ec7f5502eb5d9033f9b6e26fce3) + +Registered securities are done of Form S-1, S-3, etc, UNREGISTERED securities are put on Form D. Here is the most recent filing, marked up to show what is happening: + +&#x200B; + +[https:\/\/www.sec.gov\/Archives\/edgar\/data\/0001199937\/000180233221000005\/xslFormDX01\/primary\_doc.xml \(Comments mine of course\)](https://preview.redd.it/qpsg0sciqii71.png?width=797&format=png&auto=webp&s=355726f29eef1cf2c70ae1f16b98c6d584f627b1) + +Unlike that Twitter account, I will update this post with answers to any questions you may have. + +MOASS is inevitable, buy & hold, not financial advice. +Holy shit, gamestop twitter comes out with some very small hype/hints about NFT market place launch on friday and suddenly ken griffin is on tv going total batshit, which of course got all our attention at that moment. But the market place did not launch, but kenny still responded like it did. + +Kenneth Griffin just got flashed by Ryan Cohen +So I’m someone who, morally, is very concerned about the welfare of all sentient creatures, not just humans. Is there any way or are there any models or metrics that can quantify the effect policies have on animal welfare and well-being? + +Like infrastructure expansion may be good for human welfare and may raise productivity and gdp growth, but is there a way to also take into account the harms to the animals resulting in biodiversity loss from infrastructure expansion? + +I hope my question made sense hehe. Im sorry if that was a bit confusing or incoherent, but I hope you guys get the gist! +Okay, this all started when I was going to trade credit spreads on the $SPY last week. + +I started off with 32k. I was selling puts on DWAC for a couple weeks and that was gaining me about $500-$1000/wk. i then started selling puts on the SPY and realized I could do an iron condor and sell credit spreads on calls as well. I sold spreads $1 apart in strike and put up $100 in collateral for each iron condor chain. + +On Tuesday I had an iron condor which closed OTM on both sides but robinhood still closed my position for a loss of 9k before expiration (when I was due to collect all premium). I let this go, because I realized it was an oversight on my part to not realize robinhood would close them out. + +Wednesday, I made back 25k + +Thursday, the s and p dropped and my spreads became deep ITM. At this point I was only selling put credit spreads, no longer doing iron condors. By end of day Thursday, my account dropped below 25k. I deposited an additional 10k + +On Friday, I received a notification that because my account dropped below 25k Thursday, that my instant deposit limit was reduced from 25k to 10k.I started rolling my spreads from 12/16 to 12/23 for either a 0.0 credit or 0.2 debit. Mid way through this, they put a restriction on my account and did not let me trade until I closed out my 12/16 and accepted the loss of collateral, rather than roll the positions. I spent hours on chat support. + +I sold my position. And cleared up the call. + +Today, after market I received this email stating I need to deposit $4.4MILLION or close all my positions by 12/20 eod. When my deposit from last week, clears on their end 12/21. My app says I only am in a deficit of $776. I don’t know how I’m in a deficit at all. All my positions are covered and nothing has been exercised. + +I will any more information requested. +Basically, rent is due today, the 1st. I have a stable job and income, however, my work lost/misplaced my paycheck last week. I would’ve had more than enough to cover my rent this month, if I had my check. I don’t have any idea when payroll will fix the issue. + +I have no idea when I’ll get my check by. My rental lease states that if rent isn’t due by the 5th of the month, there’s a 5% late fee. However, does this mean I can still get evicted if I pay before the 5th? Should I call my apartment complex and fill them in? I’m super embarrassed about it all. I’ve never been late on a payment. + +UPDATE: thank you everyone for the great advice! I ended up calling my leasing department and explained the situation and they were super understanding about it! Basically she said that my rent technically isn’t considered late until the 5th and even if I still somehow don’t get paid by then, that we could figure something out! I plan on talking with my payroll department tomorrow afternoon and getting an answer on where my missing check is. They either mailed it, or it’s stuffed somewhere random! + [https://www.dol.gov/ui/data.pdf](https://www.dol.gov/ui/data.pdf) + +&#x200B; + +\> In the week ending May 9, the advance figure for seasonally adjusted initial claims was 2,981,000, a decrease of 195,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 3,169,000 to 3,176,000. The 4-week moving average was 3,616,500, a decrease of 564,000 from the previous week's revised average. The previous week's average was revised up by 7,000 from 4,173,500 to 4,180,500. + +&#x200B; + +\> The total number of people claiming benefits in all programs for the week ending April 25 was 25,363,208, an increase of 6,443,777 from the previous week. There were 1,659,123 persons claiming benefits in all programs in the comparable week in 2019. + +Numbers surpass economist estimates of $2.5 Million Claims +$3000 PayPal Credit 20% APR +$2500 Visa 21% APR +$1000 Wells Fargo 18% APR +$1000 Chase Slate 0% APR ($30/month mandatory payment) +$800 Amazon Card 20% APR + +45k year salary. I was irresponsible and now I’m paying the piper. + +Once I move out: + +$650 rent +$60 utilities +$120 gas +$400 food + +I’ll add $200 more for miscellaneous. Total is $1430 a month in expenses. + +At least I have no student loans. + +In summary: +$3000 a month post tax take home. +$2000 a month to live. +$8500 high interest credit card debt. +$300 a month minimum payments. + +I’m probably being unreasonable and can cut somewhere I’m not thinking of. + +Do I just pay the $300 minimum and throw the $700 extra a month at the highest interest debt until it’s gone? Surely there’s a smarter way to do it than that. + +Is it possible to consolidate the debt? This is why we need financial education in high school. + +Save me r/personalfinance +I mean seriously speaking, if someone were to take the time to put together some legit visuals of the DD that has been written and put it out on like a Youtube channel for us to watch it could get some serious traction. It doesn't need to be on Netfrix. Put it out for FREE. Some people can't read and prefer visuals anyway (I'm one of them, and I used siri to type this out). Imagine if we could share VIDEO of all these amazing explanations done from contributors to this sub. + +I've just been seeing the backlash from the Netfix special that came out and wonder why a true APE has not tried to put something together rather than letting rando MSM-paid liars put stuff out there misrepresenting this sub and its members. + +We can do better. And I say "We" as in you guys, I don't contribute much but upvotes lol + +&#x200B; + +Please and thank you to whoever can take this on! +If you check my bio and previous comments and posts, I'm 100% bullish on GME and an upper end XXX holder. #NotAShill + +There's a LOT of shit going on right now in the bullish world of GME that WILL moon. + +There's a ton of DD of how GME is shorted through ETFs. Tomorrow, 3 major GME ETFs go go REG SHO. XRT is one example. + +GME is on SSR tomorrow. I know I know, SSR means shit by itself, but there's many compounding factors right now. + +Options keep getting shut down as FUD and downvoted to oblivion. I give y'all one guess how they dropped the price $20 today? It wasn't pure shorting, it was ITM put options. Yes, the taboo "options" we're the reason. This is known. + +Since the price was shorted to fuck today, know what would make the price skyrocket like last January? ATM, ITM or near the money calls. I'm not talking about weeklies. That's stupid. I'm talking 2-5 months out. Calls for 140, 150, 160 etc. Calls which went cheap as fuck for a while today. Remember gamma ramps? Remember how it was proven that gamma ramps lead to ganne squeezes lead to short squeezes? You can't get there without options. SMART options. Not weeklies. + +CES 2022 is going on in Vegas right now. Know who's in attendance? GameStop and tons of NFT firms. What do we want? An NFT marketplace. When do we want it? NOW! + +GME is entering an FTD cycle right now that not only mimics last January, but is like a CAt 6 hurricane compared to last year's CAT 2 hurricane. It's potential is explosive. Liquidity is bone dry. + +Now that I've listed 6 incredibly bullish things GME has going for it at this given moment, I'm gonna be real. Clean up the fucking sub. + +Superstonk right now is by FAR the premier GME sub on Reddit with the most users. The sub is full of spam. Literal spam. DRS is a really awesome way to lock the float, but even by this subs own estimates, the float will not be locked at it's given rate till june-ish. It's annoying as fuck to have your shares already DRS'd and then have to scroll through 20-30 posts where someone DRS'd 4 shares and is like "Im ChAnGING dA sToNK mErKET aNd hEdGiES fUKT!!?!?". + +Seriously. A DRS post with 4 fucking shares gets 5k upvotes and goes to the top of "hot" drowning out all the DD, Possible DD, Speculation and Opinions. As well as some pretty awesome and viable quants. It's karma farming. It's bullshit. 4 fucking shares means nothing to SHFs. + +My proposal if youve even read this far without downvoting me is this... + +Keep the DRS bot running and update the subject line of the DRS sticky to include the number of DRS shares. Either delete the DRS posts after the bot counts them with a bit message to the user like "thanks! Your DRS has been added to the count" or require DRS to be posted to the Sticky and counted there. + +There's so much going on in GMErica right now it's insane. It's all getting drowned out by purple circles and it's annoying as fuck. To anyone who might reply "BuT tHE bYsTAndER eFfEcT!!" I say fuck that. Anyone who's about to jump in the GME rocket ship at $130 to help push us to the moon need info. They don't need 50 fucking purple circles with 4 DRS's shares. + +They need DD, Possible DD, Speculation and Opinions. If a new investor comes to Superstonk and all they see is 400 purple circles they're gonna be like "WTF is this shit? This is a cult. I'm out". + +I'm not saying DRS is bad. I'm not saying we don't need to keep count. I'm saying this.... Find a better way to manage it. If we want new apes to trust the DD and learn from the ever evolving DD, this sub needs to be cleaned up. + +/EndRant. + +Edit: spelling mistakes. ETF, not EFT + +Edit/clarification: I'm not shitting on x or 4 share holders. It sounds that way but it's not what I meant. 4 was a random number I pulled out of my ass to elaborate on how DD where someone spent 5 hours quanting data that 98% of us can barely comprehend gets 30 upvotes but a picture of a purple circle (no matter 4 or 4000 shares) gets instant thousands of awards and upvotes. +HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE MOLY HOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE HOLY MOLY GUACAMOLE +A lot of some of the most popular stocks were down. My SMT was down a ridiculous amount. Was it just by chance that loads of people were selling all at the same time, or was there some event or news which caused this? +I see a lot of posts on here talking about how amazing it will be to be financially independent, and retire early. + +And rightly so. Wouldn't it be incredible to never have to work again? Work sucks, right? + +I just wanted to offer my perspective. + +I'm from a FAIRLY wealthy family, and by that, I mean wealthy enough to support me at a low-level income without my really working. I have never been afraid to quit a job, because my family is always there to catch me. I don't pay rent currently, because I live in an apartment that is owned by my family. My jobs usually don't last very long, and I am able to go for long stretches between them without working. + +Even as I'm writing this, it sounds pretty nice, but the truth is actually a lot dimmer. I struggle constantly with insecurity, and I haven't been able to hang onto a relationship for more than a few months. I'm always searching for purpose, because my life seems meaningless at times. I spend a lot of my days acting out on addictions, just trying to get away from the feeling that I am wasting my life. I don't HAVE to create anything productive, I don't HAVE to add value to the world... so why do it? I feel insecure about my place in this world, because I haven't really earned it yet. + +I'm not saying to stay in a job you hate, or that reaching for FIRE is a bad goal... but being financially independent, retiring early, not having to work... none of those things in themselves will make you happy. You will just have a different set of problems to deal with. + +I hope this doesn't offend anybody here. I wish you the best of luck on your goals, and I hope your financial dreams come true. + +&#x200B; + +EDIT: well THIS blew up. Thank you to all the people who interpreted this as what it was meant to be, a sobering and cautionary tale. + +For others, this post was written in response to other posts I've seen on here. Other posts will say, "I can't wait to never work again..." or "my life will be AMAZING when I don't have to work..." I wanted to warn you against disappointment, in case an easy life with unlimited free time turns out to be less than you thought it would be. +Full Statement from PM's Office: [https://pm.gc.ca/en/news/news-releases/2022/10/28/prime-minister-announces-new-measures-support-ukraine](https://pm.gc.ca/en/news/news-releases/2022/10/28/prime-minister-announces-new-measures-support-ukraine) + +>The new Ukraine Sovereignty Bonds will be offered by participating financial institutions in denominations and rates of return which will be announced soon. Those who choose to invest in this bond will, in effect, be purchasing a regular Government of Canada five-year bond backed by Canada’s triple-A credit rating. Canada is the first country in the world outside of Ukraine to offer a bond for purchase in support of Ukraine. + +&#x200B; +Can someone help me understand why people hate landlords so much. I want to own an Airbnb but I’ve been told it’s unethical and just wanted to get a different perspective on it all. +Was just an afterthought in January. However, I’m going to inspections each week, and it’s myself and 2 or 3 others. Agents call after to know our thoughts and if we want to put in an offer (This never happened in October/November). + +As a buyer who has been looking for over 6 months and seeing prices going up to $15,000-$20,000 a month, I finally see prices stagnate, and for the first time, I’m seeing sellers drop asking prices. + +I’m now looking at a home listed for 5 weeks. In October, listings would last 5 days, and 14 days would be A LOT. + +As someone who has felt deflated, the last two months have proved it’s cooled, and now I can see the early signs of dipping. I couldn’t believe seeing a home updated for 50K less in Queensland yesterday. + + +I think there are just too many variables affecting buyer confidence. Inflation, petrol, rates and the floods for QLD are all having impacts, and it’s finally starting to show. + +Hold tight. Let’s see how it goes. But the start of the predicted drop is here. +Car insurance came in. They dropped the renewal by 15% just because I said I wanted to look elsewhere. + +It is a freaken game. The whole 'I need to see the manager' bull for authorisation to lower the quote. + +Years ago I would have felt bad. Now it is routine to ask for a better price. + +Edit 3 hours in. Thanks for the great replies everyone. I'll do my best to get some upvotes back at you. + +FAQ - I can choose an electricity provider in my area. It was meant to keep prices down but lots of people like '2014 me' just paid the bills as they arrived. No more. +Lots of people here keep spreading the narrative that El Salvador is "gambling recklessly" with people's savings and what not. + +Reading those posts one would think their entire reserves is now in BTC. + +But the fact is that just 2% of their reserves are even allocated in BTC. + +[El Salvador holds around $70m worth BTC](https://bitcointreasuries.net/). This is literally nothing for a country. They hold 1691 BTC, in comparison , Microstrategy and Tesla hold over 120,000 BTC and 40,000 BTC respectively. + +[El Salvador's total foreign exchange reserves is pegged at $3.3 BN](https://data.worldbank.org/indicator/FI.RES.TOTL.CD?locations=SV) + + + +https://tradingeconomics.com/el-salvador/foreign-exchange-reserves + + +Less than 2% of their reserves are in BTC. + +[El Salvador holds more in GOLD than in BTC](https://timesofindia.indiatimes.com/business/cryptocurrency/bitcoin/bukele-reveals-el-salvadors-gold-reserves-and-benefits-of-bitcoin-over-gold/articleshow/88142021.cms) + +According to this article, they hold $79m worth GOLD, but just $70m +worth BTC. + + + + + +People are spreading the false narrative as if he has moved the entire supply of reserves to BTC, which is far away from whats going on. +They have just been making small purchases over time. They literally bought like 2 BTC in the end of Dec. Peanuts for a country. + + +A 2% allocation in a risky asset class is not a gamble by any means. It is a decent risk reward play for individuals, and countries as well. + +If you consult with a financial advisor, they may suggest a portfolio allocation of 2% towards emerging asset classes like crypto. Infact, thats what Fidelity suggests as well. [Recently, they added a 2% BTC allocation to their flagship All in one Balanced / Growth funds](https://www.investmentexecutive.com/news/products/fidelity-to-add-bitcoin-exposure-to-portfolio-funds/). These are mom and pop funds that are held mostly by conservative investors. + +Its been around a year since El Salvador announced their Bitcoin Law and around 6 months since it went active. In this period, they have allocated a small portion of their reserves towards BTC. This is not a gamble, but a solid and well planned asset allocation strategy. Meanwhile, they have already started mining BTC and over time, this industry has the potential to add to their GDP. + + +What did people think bitcoin/crypto adoption would be like, one fine day every country across the world will just start accepting BTC out of the blue? Just like that it would become legal tender without any struggle? + +These are small steps and it will be risky. Nothing happened overnight, let alone moving from USD to a decentralised currency like Bitcoin. + +Its shameful that people here want adoption of BTC and crypto, but the first time a large sovereign power has tried to adopt BTC, the same people who want crypto adoption go out of their way to attack them with baseless allegations. + +> Muhh adoption should be in accordance with my terms, otherwise its not adoption. + +These people are just privileged bottom feeders who want to enjoy success without any risks whatsoever. +Hi folks, + +I'm 26 years old, with a Master's degree in computer science, currently employed for an Italian start-up as Data Scientist for 42k/y gross (\~2.2k net monthly). + +I received an offer from an international company in Amsterdam for \~74k gross per year. I'll be eligible for the 30% tax ruling in the Netherlands. ([https://thetax.nl](https://thetax.nl/) says it should be \~4.5k net monthly). The company also offers a relocation bonus of \~5k and some other benefits like free transportation. + +Monetary wise I think it's a very competitive offer, but I would like to receive some external feedback before accepting. +How much can you face mentally, emotionally and financially when the stock market finally crashes? + +I have survived, just barely, two major stock market crashes. 2000-2003 and 2007-2009. As my investments fell almost every day, I had panic attacks and did not sleep well. I was down hundreds of thousands of dollars. I lost more money some weeks than a year of contributions to my 401k plan when I was younger. I felt sick to my stomach. + +The 2007-2009 bear market and general financial crisis was even tougher because the media was reporting a possible 1930s type depression where the stock market could of dropped 80% or more. By early 2009, the market had already dropped 55% and there was no talk about get finally bottoming out. (We did not know at the time that in March 2009 it would start going back up and increase 400% percent.) Many of my friends thought it would go to near 0 and bailed out at the bottom and put the money they had left over in cash. + +So...Are you prepared mentally and financially for the next bear market? + +&#x200B; +I'm 30/M and a teacher (I can hear the jokes already). I live in an average, mid-sized city in the Midwest, come from a middle-class family. I've never been rich or anything, but I've definitely never struggled either + +I'm 65K deep in student loans, and all I've got to show in my savings account is 2 grand. I feel like I look around and see everyone else getting married, buying a house, going on awesome vacations, etc, and I'm over here like "lmao I'll never be able to buy a house" + +We've all seen news stories and heard about how millennials have no money, need to work multiple jobs, etc. And yet I don't get that impression from a lot of my peers at all. Yes, I have friends who graduated college, couldn't find an actual career and are now working part-time gigs, but I feel like I know more who are doing just fine + +Money is the only thing I get self-conscious about, because it seems like everyone else has more than me and is doing well for themselves. And yes, I'm still improving myself in terms of budgeting and spending, I still feel like I'll never be able to do some of the things others are doing + +Anyone else like this? +I have acquired a decent amount amount of cash bills, mostly $100s, $50s and $20s. I am unsure what to do or what I can do with them? Not trying to get flagged at the bank. +[Dow futures up 250](https://www.google.com/amp/s/www.cnbc.com/amp/2020/07/14/stock-market-futures-open-to-close-news.html) + +I've been waiting for a correction, but this makes me want to cave in and get back in. +Hi! +Im not from the UK so unsure what the process, rules and rights are. +I’ve joined Anytime Fitness on a 12 month plan. After 10 month I decided to not extend the contract, and was made aware that I still had to pay for the renaming 2 months, which I did. + +I went down to the gym personally to stop the contract, they asked me to send an email which I did. Their reply was “what was the reason” and I told them I wasn’t interested anymore. + + +Since then then have tried to get money from me, but I cancelled my credit card with them after I paid the last installment. + +I’ve reached out to them several times on email, they keep sending texts and emails about me owing them money. + +And then they started threatening to send me to collection. I went down to talk to the manager who was quite impolite and tried to make excuse for why I needed to pay them. That the contract wasn’t ended correctly, that they have a cancellation fee etc. + +He told me that he would send and email to the accountant and myself. Never received anything and I went on holiday the day after. + +Yesterday I got a text saying: + +“Hi x, your Anytime Fitness account has been terminated. Your arrears are now with a credit control agent and you can no longer make payment to the Club.” + + +What would you do now? I’m about to ask for a mortgage so can’t afford this to affect my credit score. + + +Edit: Wow! Thank you all so much for your time and effort for providing me with solutions, advice and comfort. Must admit I was quite panicked about it, but you really helped me relax. + +I've gathered some of your advices, and emailed them for the last time saying if they don't take it back, I will proceed with the advices you guys have given me. +I've read the contract over and over again, and I know I haven't breached it in any way. + +This was btw one of the AF- Gyms in Fulham should you consider joining. + +Thanks all!! +People were starting to lose hope.. it looked like we had just been majorly fucked by the trade limit imposed by Robbinghood and other cuck-brokerages +Shit was gloomy as hell.. I wont lie I thought we were done for.. + +me and my gf were talking about what are we going to do now, I was dumb and bought more than I could afford which left me with a hole in my chest when I saw the price decline to 38$. We decided then and there, we HODL, for as long as it takes for gamestop to grow and even our losses out. THEN IT HAPPENED + +DFV had just been asked hours earlier on the hearing if he would still buy GME, which he basically replied ”Fuck yea” to. +And I will never forget the first update post on his position .. THIS FUCKER BOUGHT EVEN MORE +That shit sent chills through my body, I felt like my fire was rekindled, I was ready to hold for a bazillion years. I was back in the fight, never been uncertain since, fucking aye. +I know it's weird, people advising you to not use Zerodha for MF purposes. + +But, I really like the platform. + +I am seeing people fed up of the NAV allocation date, I have faced this issue only once, i.e on Feb 1, when the system went live and I had got the nav of Feb 2. + +I raised a ticket for the same and got a reply within 1 hr, stating what was the cause behind it. + +Infact, the order placing time is fixed at 1:30 PM for equity and every time, it has gotten through without no hiccups. + +Been using coin from the past 3 years and never faced a single issue till now. + +Execution is simple and Redemption is even more simple. + +Plus, stocks and MFs are at a single place. + +Only drawback, if you think it is, units in demat form, for which cdsl acknowledges your allocation every next working day. + + +Edit. + +**Disclaimer - This is not a paid thread.** + +If you feel like it is, I have discovered a new thing about myself. +Fellow shareholders, + +Just got off the phone with the Register in Chancery, who confirmed that GameStop has submitted their response to the Court! + +GameStop's letter responding to my summons should be on its way to me as well. + +The next date for this case, which is another boring kind of date, is December 21, when there will be a hearing to discuss further scheduling, as well as the Motion to Expedite I filed. + +Onward and upward. + +*Disclaimer: My name is JASON FUCKING WATER FALL. I'm not subject to an NDA or any kind of equivalent gag order regarding issues within GME's milieu. I haven't received information indicating an unreconciled number of ballots or votes cast in GameStop's 6/9 shareholder election exceeded the number of outstanding shares. I haven't received information indicating GameStop has been legally prevented from taking action projected to cause a systemic market event. I haven't received information indicating that the number of shares held by beneficial GameStop shareholders exceeds the number of outstanding shares. Epstein didn't kill himself and I won't either. I once touched Owen Hart's sweaty bicep as he walked out with Jim Neidhart at a house show. I have never met or knowingly spoken to Ryan Cohen, Matt Furlong, Michael Recupero, Mark Robinson, Tess Halbrooks, Greg Marose, Deep Fucking Value, Ken Griffin, Vlad Tenev, Steven Cohen, Maxine Waters, Elon Musk, Amber Ruffin, PFTCommenter, or Ariana Grande.* +I've been doing a deep dive into the entire securities clearing/Continuous Net Settlement process and while every single part of the process seems to have a rule that should concern retail investors, the one I find the most problematic is the DTCC's ["Fully Paid For Account"](https://www.dtcc.com/clearing-services/equities-clearing-services/the-fully-paid-for-account). I'm not trying to spin a conspiracy theory; if I'm misinterpreting this I'd LOVE to hear where I'm going wrong. I tried to ask my broker about this but Fidelity keeps deleting my question from their subreddit, dropping my chat session, and putting my on hold indefinitely or dropping my call when they transfer me... + +Here's the ELIape version: + +* The NSCC's job is to "clear" financial transactions. This means that they keep track of who owes what and makes sure that when a broker makes a trade there's someone on the other side of that trade who will complete the transaction. They are the guaranteed counterparty to pretty much every transaction as it applies to retail traders. + +* The DTC's job is to "settle" transactions. This means that they keep track of who owns what and record the transfer of money and securities. + +These are corporations, not government entities. They [write their own rules, procedures, and bylaws](https://www.dtcc.com/legal/rules-and-procedures) and enforce them amongst their members with contract law. They are regulated by the SEC in their role as clearing agencies, but members have a lot of freedom to use the system how they want until a member raises a dispute or a regulatory agency intervenes. + +* The [CNS](https://www.dtcc.com/clearing-services/equities-clearing-services/cns) system is the process used to settle most trades. The buyer and the seller execute their trades with the NSCC as the middleman/guaranteed counterparty, then a couple of days later (T+2) the NSCC tells the buyer and the seller their new balances and sends the result to the DTC. + +* The next day (T+3) the DTC credit/debits the appropriate accounts and notifies everyone that the transactions are complete. + +If the NSCC doesn't receive the stock from the seller on T+2, it's a fail to deliver for the seller. If the buyer doesn't get the stock from the NSCC on T+2, it's a fail to receive for the buyer. The buyer *could* submit a request for a forced buy-in but this doesn't happen often. Instead the buyer can set aside the money they got from their retail customer in the Fully Paid For Account and the seller's debt gets documented and stacked up in the ["Obligation Warehouse"](https://www.dtcc.com/clearing-services/equities-clearing-services/ow) service. Then the DTCC's algorithm can sort through all the buys and sells every day to clear out the oldes failures and keep all the money and stocks moving where they need to go with a minimum of disruptions. + +The Obligation Warehouse is a separate can of worms, for now let's dive into the Fully Paid For Account and see if we can collect a few wrinkles along the way. + +The biggest red flags for the Fully Paid For Account are the "benefits" listed on the DTCCs information page: + +> * Enables Members to deliver securities to institutional clients on settlement day using customer fully-paid-for securities. +> +> * Reduces the number of institutional fails. +> +> * Allows Member to maintain good relationships with institutional customers. +> +> * The Fully-Paid-for-Account is a good control location for compliance with the requirements under Section 15c3-3 of the Exchange Act. + +What are the odds that a program designed for brokers to maintain good relationships with institutional customers and reduce the number of institutional fails is a Good Thing for retail? And what exactly is ["Section 15c3-3 of the Exchange Act"](https://www.sec.gov/rules/final/34-47480.htm)? 15c3-3 is the broker-dealer customer protection rule, which 'ensures' that brokers don't put customer assets at risk when they loan them out or use them as collateral. The act specified that: + +> The rule requires broker-dealers to take steps to protect the securities that customers leave in their custody. These steps include the requirement that broker-dealers promptly obtain and thereafter maintain possession or control of all "fully paid" and "excess-margin" securities carried for the accounts of customers. The possession or control requirement is designed to ensure that broker-dealers do not put customers at risk by borrowing their securities to expand or otherwise further the broker-dealer's proprietary activities. +> +> Paragraph (b)(3) of Rule 15c3-3 sets forth conditions under which broker-dealers may borrow fully paid or excess margin securities from customers for their own use without violating the rule's possession or control requirement. These conditions include the requirement that broker-dealers and their lending customers enter into written agreements that (1) set forth the basis of compensation for the loans as well as the rights and liabilities of the parties in the borrowed securities, (2) require the broker-dealers to provide the lenders with schedules of the securities actually borrowed, (3) require the broker-dealers to provide the lenders with, at least, 100% collateral consisting exclusively of cash, United States Treasury bills and notes, or an irrevocable letter of credit issued by a bank, and (4) contain a prominent notice that the provisions of the Securities Investor Protection Act of 1970 may not protect the lenders with respect to the securities loan transactions. Moreover, the loaned securities and pledged collateral must be marked to market daily, and additional collateral posted if necessary to maintain the 100% collateralization requirement. These requirements are designed so that borrowings of customer securities remain fully collateralized for the term of the loan. + +So, the SEC lays out rules about how brokers can use their customers assets in margin accounts or with a [signed lending agreement](https://www.fidelity.com/trading/fully-paid-lending) that compensates the customer and warns them of the risks. Sounds good so far... but what happens if a customer gives money to the brokerage, the brokerage gets a fail to receive, and they just let it ride instead of forcing a buy-in? No stock is being loaned but there's a fully collateralized chunk of money that gets 'marked to market' daily to track the price of the stock. You have a stock-shaped asset on the books that satisfies the CNS process for settling accounts just like a stock would, but no shares have actually changed hands and customer assets aren't being "loaned". If my reading of the situation is accurate, this also means that each brokerage decided to receive the IOUs from the NSCC rather than the counterfeit shares just showing up in the system as a result of the market maker's shenanigans. + +> **Members instruct NSCC to move their expected long allocations** from the general CNS “A” subaccount into a fully-paid-for location (the “E” subaccount) and are then permitted to use customer fully-paid-for positions to complete institutional deliveries in DTC. +> +> As Members instruct NSCC to move expected long allocations to the fully-paid-for location, NSCC reclassifies the relevant long allocations as a fully-paid-for long allocation and debits the Member the market value of the relevant securities in the NSCC settlement system. These long allocation reclassifications and corresponding settlement debits are posted intraday by NSCC. The funds associated with the fully-paid-for process are collected via NSCC’s end-of-day settlement process and are held by NSCC and used to ensure the customer fully-paid-for positions can be replaced should the Member become insolvent. Upon completion of a fully-paid-for long allocation, the relevant funds are used to pay for the securities received from CNS via NSCC’s end-of-day settlement process. + +One more nifty little detail, apparently the NSCC doesn't need to document the difference between shares and Fully Paid For Account entries on their books, so when they open their books to a regulatory agency it just shows that all the numbers match up. I'm not too sure about this one, I'd it if anyone with a compliance/accounting/actuarial background could chime in. From NSCC Rule 12.2: + +> (c) any action taken by the Corporation pursuant to an instruction given to the Corporation by a Member to move a position to its Fully-Paid-For Subaccount shall not constitute an appropriate entry on the Corporation’s books so as to constitute such movement + +TL;DR - Your brokerage can **choose** to receive an IOU instead of an actual share and keep your cash on the books in a special sub-account. The CNS system makes this look just like a share and since all the brokerages in the NSCC share liabilities as the guaranteed counterparty, they're incentivized to keep looking the other way and prevent the MOASS. + +EDIT: Shoutout to u/loggic for [clarifying and expanding on](https://www.reddit.com/r/Superstonk/comments/rb42h6/the_dtcc_has_a_program_that_allows_any_broker/hnntf3x/) some of my points. The fully paid for account still creates liquidity out of nothing purely for the short seller's gain, but if those FTR positions get top priority for CNS settlement it's a smaller piece of the puzzle than I thought it was. + +EDIT 2: Here's some relevant/related DD that has come up in comments and chat discussions: + +* [How to Rig a Settlement system... Starring: Obligation Warehouse, ACATS, and Memo Segregation](https://www.reddit.com/r/Superstonk/comments/r86vkb/how_to_rig_a_settlement_system_starring/) + +* [Shell Games All The Way Down](https://www.reddit.com/r/Superstonk/comments/o1b844/shell_games_all_the_way_down/?utm_medium=android_app&utm_source=share) + +* [Exposing Wall Street: The Holy Trinity of Counterfeiting](https://www.reddit.com/r/Superstonk/comments/mk8f71/exposing_wall_street_the_holy_trinity_of/) + +* [Self Regulation, Complexity and Market Structure](https://www.reddit.com/r/Superstonk/comments/qwtnhd/self_regulation_complexity_and_market_structure/) +What steps do you take before picking your stocks to invest in? Do you read the 10k? Look at the financial statements? Anything else? + +Furthermore, do you feel what you do is good enough to understand the price better than the market or it still feels more like a gamble despite your efforts? +She gave a great interview on CNN around 1230p EST w Dana Bash. Try and watch it. Monday is only the beginning of this, and the new political order seems to want to see the HF suffer. + +EW says 💎🙌🏻 +DFV is holding +Your fellow WSBs and allies are holding (even r/askgaybros is with us 🏳️‍🌈). Incredible international support. + +It’s about more than money at this point. + +We are literally the force behind the upcoming changes to the boomer’s system. + +One can hope it will be more equitable for retail traders going forward, and for generations to come. + +💎🙌🏻👨🏻‍🚀🚀 + +I’m an idiot. +Edit: I’m a naive idiot with 💎🙌🏻 ALL THE SAME TEAM + +Edit 3: thank you for the kind awards, strangers +I nibbled at $280 but it got me thinking. Am I catching a falling knife here with tech stocks taking a beating and recession possible? Then again, Microsoft is one of the safest dividend stocks out there. So I am wondering if it is too soon to buy Microsoft shares? If so, what is a good price to buy Microsoft? Thanks! +According [to the World Bank,](https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=PK-IN) India only surpassed Pakistan in terms of PPP GDP Per Capita in 2009. + +However, this contradicts what I'm seeing elsewhere. Moreover, I remember reading in the past that India has actually overtaken Pakistan in terms of GDP (I don't remember if it was Nominal or PPP GDP Per Capita) in '98. + +* December 2003 - India has $2,909 and Pakistan has $1,971 + +https://web.archive.org/web/20050107100828/https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita + +* September 2006 - India has $3,320 and Pakistan has $2,653 + +https://web.archive.org/web/20070119013216/https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita + +* 2008 - India has about $2,870 and Pakistan has about $2,670 + +https://web.archive.org/web/20090728214429/https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita + +Why is there such a HUGE discrepancy between the World Bank's data set and the other data sets? + +NOTE: Even the World Bank's data set here shows that India had a higher PPP GDP Per Capita than Pakistan in 2008. + +https://web.archive.org/web/20090728214429/https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita +**JUST IN NEWS :** + +SEBI Gave some time for the platforms to adjust . + +https://www.sebi.gov.in/legal/circulars/mar-2022/discontinuation-of-usage-of-pool-accounts-for-transactions-in-the-units-of-mutual-funds-two-factor-authentication-2fa-for-redemption-and-other-related-requirements-extension-of-timeline_57471.html + +**New rules are applicable only from July 01 2022.** + +SEBI came up with this circular just now (31st March 2022). So no change for now. Keeping below content as reference. + +__________________________________________________________________________ + +~~Drastic changes from April 1st.~~ + +2 Circulars by SEBI will come in force from ~~April 1st.~~ + +This disables pooled account usage for Mutual funds. + +https://www.sebi.gov.in/legal/circulars/dec-2021/circular-on-mutual-funds_54542.html# + +https://www.sebi.gov.in/legal/circulars/mar-2022/discontinuation-of-usage-of-pool-accounts-for-transactions-in-the-units-of-mutual-funds-clarifications-with-respect-to-circulars-dated-october-4-2021_56887.html# + +**What it means in Simple words** : One has to directly deposit money to AMC i.e, AMC bank account/Clearing Corp Bank Account and cannot deposit in third party vendors/platforms bank account who earlier used to remit money to AMC. + +Here are the implications if you use these platforms : + +**MF Utility** : From April 1st, one cannot invest via NEFT/IMPS/RTGS until further notice + +**COIN** : COIN will have severe limitations . I guess this will be same in any trading/demat platforms used to invest in MF : + + + +>Funds in Zerodha trading account can no longer be used for mutual fund investments + +>For Coin SIPs and AMC SIPs you’ll get a payment link on the SIP date for the payments. For all new SIPs mandates have to compulsorily created. + +>Existing mandates can’t be used for SIPs. + +>For existing Coin and AMC SIPs, a page with all pending orders will be shown and you’ll have to make the payments one by one + +>For lumpsum investments, netbanking, UPI, NEFT and RTGS payments will be available +MF pledging will remain unaffected + +>Existing step up SIPs will remain unaffected, but new step up SIPs will be unavailable. +Both existing and new conditional orders will be unavailable. + +>Existing Zerodha SIPs can be modified. New SIPs cannot be edited or modified. This is because of the new architecture, :frowning: We’ll try to figure out some solution for this once we make the transition. + + +Source : https://tradingqna.com/t/discontinuation-of-pooling-for-mutual-funds-and-how-it-affects-coin/120947/47 + + +**Groww Impact** : https://groww.in/blog/sebi-bans-pooling-money-for-mutual-funds + +**Kuvera Impact** : As per comments in this thread, no impact or change for Kuvera customers. + + +Feel free to share other platforms impact. + +**My Personal Advice** : Do not invest in April 1st/2nd few days. Wait and watch how the platform behaves and then start investing. Like few years back when NACH/NCPI made some changes, we can expect confusion , failed systems on this major change. +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. 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. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- 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 reported** and redirected to the /r/CryptoMarkets trollbox thread. To visit this 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. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](http://bit.ly/2rMAXmq). + +* **[EXPERIMENTAL]** - 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 had always toyed with the idea of working towards FI as soon as I finished my studies and got a job, but everything has rushed towards me now that I have had to leave my family home halfway through my studies due to escalating abuse. In a matter of days, I have become homeless, unemployed and have stopped being able to afford any kind of studies or attend classes due to not even having a roof over my head. + +A part of me is very dismissive of posting here because the predominant discourse revolves around having enough to be frugal, which means that you have enough money to choose to skip certain things, and I might just delete this post and never hit submit... + +I want to know if it's still possible to work towards FI, even if it's something I'm going to have to frame differently if I want to survive at all. If so, what can I possibly do? I feel lost, scared, I haven't been able to sleep more than an hour for several days. +I just turned 18 and I’m getting a lot of bills from the hospital. I only make 14/h and a lot of my money goes to insurance and rent etc. i only make about $300 per paycheck. I’m not exactly sure what I’m asking here besides advice on what I should do because all of the bills have already been sent to collections. Any advice or help on this matter would be greatly appreciated. Thank you. + + +Edit : found most of the paperwork, most of it it’s before my birthday so I am able to use this, thank you all for all of the support this was very helpful. After everything was said and done I should only owe $1,000 because there is one bill I owe that was after I am 18 . Everything else is fine this is a lot better then what I was seeing at first. Thanks again for the help, I’ll make a new post here soon explaining my situation a lot better and advice on how I should proceed with all the information I have now. Thank you again for all of the help!! + +Edit : Getting a lawyer Ill update you on what happens +Most rookie traders have it entirely wrong when it comes to day trading the market full time. Becoming consistently profitable isn't actually hard at all. You just need to approach it from the other end. + +You may have been swayed into day trading by some stock market "guru" friend who brainwashed you into chasing hyped up meme stocks and pump and dump penny stocks. You were probably told that day trading is the easiest thing in the world and you can do it from your kitchen table with your pink-striped boxers on. Then you even got lucky with GME and are now confident enough to strike the next coup. How many times are you able to repeat it without getting crushed ultimately? + +If you've gotten off the wrong foot with trading early on, this may serve as a gentle reintroduction: + +Firstly, you have to get accustomed to the idea that markets don't move fast at all. Forget the 5- minute time frame for a while. Secondly, you zoom out to the weekly or the monthly chart. You will start to see the forest for the trees. + +A rookie seeks thrills. His day job is so boring that he prefers to squander hard-earned savings. Or life is so miserable that taking chances is far more favorable than enduring it. If that's what you're after, go ahead, I won't stop you. + +A professional seeks profits, and systems that will yield profits consistently. If you are inexperienced, how could you possibly start with day trading? Day trading is hard. Start with something that's easy and gives you motivation to improve. + +Get used to a time frame that's more manageable for you. Look at the weekly chart and observe what the market is doing. Has it been rising in the past 6 months? Has it been dropping? Where did the trend reverse and how could you have spotted it? Trade a smaller position until you really have a competitive edge. + +This is a marathon, not a sprint. You're here to survive first and foremost and then to thrive. So I ask you again: are you seeking thrills or profits? + +Find universal rules that have been applicable across market conditions. If you can't find them, keep looking because you eventually will. I have been applying the same rules for over a decade and they still work the same like on the first day. I posted my 2020 [results](https://www.reddit.com/r/Trading/comments/lht3te/anybody_here_does_trend_following/) here before and even guide you through the market activity in real-time on [Discord](https://discord.gg/Uu5wmeQyEj). + +Once you gain experience and consistency with larger time frames, you can start to narrow down to shorter time frames, and possibly even day trading. Doing it in reverse is pretty much equivalent to performing neurosurgery on the first day of your dental internship. +Hi everyone, I'm new here but something's been on my mind lately and I was hoping to get some advice on it. I'm 24, and my grandparents started an Edward Jones account for me when I was born, and it was then signed over to me when I turned 18. I'm extremely grateful that my grandparents did this, as I know it gives me a financial cushion that many people don't have. For a couple months now I've been thinking about leaving Edward Jones. Not necessarily because of how my account has performed, but because of the advisors. My advisor told me if I didn't get back to him he would "liquidate my entire account" and I feel like it's not really cool to be threatening your clients like that. I also always feel like if I'm taking money out of my account it has to be for a "valid enough reason" which is ridiculous. It's my money, I should be able to take it out whenever I want, whether that's to buy a pink sparkly unicorn or a down payment on a house. I shouldn't have to justify that to anyone. This advisor also told a family member of mine that she needed to be careful or "she would be eating dog food." This struck me as extremely unprofessional and the judgement just isn't needed. Other advisors with this company have been very rude as well. Does anyone have any advice? +[https://www.cnbc.com/2020/06/17/hertz-stock-amid-controversy-around-stock-sale.html](https://www.cnbc.com/2020/06/17/hertz-stock-amid-controversy-around-stock-sale.html) + + +* **Shares of Hertz halted trading Wednesday pending news amid the bankrupt company’s controversial stock sale.** +* **Shares were trading down about half a percent to $1.94.**  +* **The stoppage follows the Securities and Exchange Commission telling Hertz that the regulator has issues with the rental car company’s plan to sell stock.** + + +Shares of [Hertz](https://www.cnbc.com/quotes/?symbol=HTZ) halted trading Wednesday pending news amid the bankrupt company’s controversial stock sale. + +The stoppage follows the Securities and Exchange Commission telling [Hertz](https://www.cnbc.com/quotes/?symbol=HTZ) that the regulator [has issues](https://www.cnbc.com/2020/06/17/the-sec-told-bankrupt-hertz-it-has-issues-with-its-plan-to-sell-stock-chairman-jay-clayton-says.html) with the rental car company’s plan to sell stock. + +“In this particular situation, we have let the company know that we have comments on their disclosure,” SEC Chairman Jay Clayton said on CNBC’s [“Squawk on the Street”](https://www.cnbc.com/squawk-on-the-street/) on Wednesday. “In most cases when you let a company know that the SEC has comments on their disclosure they do not go forward until those comments are resolved.” + +Shares were trading down about half a percent to $1.94. + +Hertz filed for bankruptcy May 22, hurt as demand for car rentals dried up as travelers have stayed home during the [coronavirus pandemic](https://www.cnbc.com/coronavirus/). The stock hit a low of 40 cents intraday on May 26. But in the days ahead, shares began to recover and eventually surged to more than $6 per share last Monday. + +Following the increase, Hertz asked the bankruptcy court Thursday to allow it to sell up to $1 billion in shares, a last ditch effort for it to raise capital even though the value of the stock could get wiped out. The request [was approved by the court Friday.](https://www.cnbc.com/2020/06/12/hertz-granted-approval-to-sell-up-to-1-billion-in-shares.html) + +Hertz said in a government filing Monday that it would sell up to $500 million in common stock. It warned potential investors that it’s [almost certain that the equity will become worthless.](https://www.cnbc.com/2020/06/15/hertz-says-it-expects-stockholders-to-lose-all-their-money-in-filing-for-selling-more-stock.html) + +Such a sale is highly unusual for a company going through Chapter 11 bankruptcy proceedings since common shareholders, who are last in line when assets are allocated during court proceedings, may be left with worthless stock. + +The court, in its ruling, said the approval “in no event will result in the issuance” of the shares. The debtors are authorized, but not required, to sell shares of the common stock. + +The stock also could be delisted. Hertz in a public filing with the [SEC last week said](https://seekingalpha.com/news/3581821-hertz-to-challenge-nyse-delisting) that it has appealed a delisting request by the NYSE. + +Trading activity in names like Hertz has spiked on millennial-favored stock trading app Robinhood in the days following the bankruptcy filings, according to Robintrack, which tracks Robinhood account activity but is not affiliated with the company. +How do I get one of these $150k per year jobs? + +I've been busting my ass for years for way less and feel lucky to make $80k. + +But then I come here and everyone talks about earning hundreds of thousands per year like it's no big deal. + +I'm 33/M with a master's degree, veteran. Live in MCOL USA. + +What am I doing wrong? +Hi! + +So, me and my partner are finally starting to take investing seriously. We're still mostly saving and thankfully we are able to currently save a nice chunk of our income. We have agreed that 500€ a month is an amount that currently, and for the foreseeable future, we're able to invest with without compromising anything in our lifestyles, which are pretty simple, and while still saving in regular old savings accounts a decent percentage of our salaries for any eventuality and to have available at any time. + +Seeing that we're in Europe, what would be the best way to invest those 500€ wisely? + +I've been looking at DeGiro ETFs and reading a lot about them, but still am not sure if that is the best place for it, and if it is, how should we divide that monthly amount into several products (or is it not needed?) to optimize that money. + +We're in our early 30's if that matters. +Which is the better tech ETF. You hear so much more about QQQ but VGT has constantly out performed QQQ and VGT has a lower expense ratio with a larger dividend yield. + +[View Poll](https://www.reddit.com/poll/orpzk5) +What value do Real Estate agents (or Realtors) really provide? In today's day and age, a customer is able to find properties and home sellers all on their own. Home sellers are able to put their homes on sites like Redfin and Zillow and connect with buyers. Buyers and sellers can leverage social media to connect with one another. Google can answer just about any question that used to be answered by a Real Estate Agent. And the MLS...what value is the MLS adding in this new world of Zillow, Redfin, social media and everything else? + +I have no partiality to any answer. +I feel like a lot of the posts/comments here are really skewed towards the man as the breadwinner and the woman as the supplemental, if any, income. Unless a commenter explicitly says they are female, they are assumed to be male. + +Are there any other women who here who are contributing to 40%-100% of your household's finances? +I'm just curious as to how many people here are like me and hold less than 10 eth; it feels like I'm a poor sardine being swam around by a group of millionaire blue whales, but perhaps I'm wrong. + + +EDIT: + +Cheers guys and girls, this makes me feel better about myself only having a few ETH! +As a software architect, I know how to do this technically. We will create a blockchain-based "reddit clone" as open source together. This will be the biggest Ape migration ever (your karma will be kept). + +One man can't do it alone though. I am not interested in the ownership of the clone either. It would be best if there was no owner at all. All I want free and censorship free communication, truth and nothing but the truth. + +We will need: + +* Software developers +* blockchain experts +* project managers +* graphic designers +* translators +* lawyers +* managers/CEO +* etc... + +**The work will be voluntary, no salary will be paid**. I thought after the MAOSS this will not be necessary for you. + +So if you want to be part of it, if you think you can help, post here. If Reddit is so insane and decides to IPO, we will get started. + +**And the most important at the end.** + +>„With enough of us, around the world, we’ll not just send a strong message opposing the privatization of knowledge — we’ll make it a thing of the past. Will you join us?“- Aaron Swartz + +&#x200B; + +**EDIT**: Guys this is unbelievable. I will need days to read through everything. + +I thought only a couple would response. Now look at this. How can the HFs even dream of a chance to win? + +This spirit is insane. Thank you guys for the support. + +**EDIT#2: Blockchain-Based?? WTF?** + +There seems to be confusion as to what was meant by Blockchain-Based. + +Here are a few keywords: + +* Decentralization (main feature) +* developers and hackers are not able to get the (private) user data. It is at least extremely difficult. +* It is impossible for a hacker to manipulate contributions afterwards +* It is impossible for a person (hacker) to exclude or disenfranchise a user. community has that under its control. (remember why we already have two sub migrations behind us?) +* Example: Loopring donation instead of award. +I'm 31, single, blew past my FIRE number, with a good earnings potential (currently unemployed) and a desire to keep working. + +My parents are early 60s, with 5 years left on their retirement plan. I've got 2 siblings. + +Anyone experienced helping their parents retire? They've saved well, but want to save another couple hundred grand before taking the leap, and I'd like to help them, maybe with the annual $15k gift allowance each ($30k total). + +We've started some conversations letting them know that I want them to be able to retire and I want to help, but still curious how others might have approached this. +**\*Obligatory: I am not a financial advisor, and this is not financial advice. I have suffered at least 3 significant head injuries in my lifetime. Some of the information I am going to provide is speculative in nature but backed by data.** + +I have done my best to break this information down to a snot bubble blowing education level, but I needed to learn a lot of information to put this all together. Most items you may be unfamiliar with will have an ELI5 within the post to the best of my ability. \*Long Post Warning + +**TL;DR** + +The Collateralized Loan Obligation (CLO) market exploded with activity this year, as has Citadel's (Shitadel) exposure as an obligor (debtor/borrower) in the CLO market. CLOs are a form of Collateralized Debt Obligation (CDO). You know, the bad things from 2008. The banks are divvying up Shitadel’s leveraged loans (among many other corporate loans) and selling them to CLO Managers whose investors (other banks, hedge funds, insurance companies, **mutual funds, ETFs**, private funds, **pension funds**, etc.) invest in the loans through securitization. Securitization regarding a CLO is the pooling of 150-200 leveraged corporate loans into a single Asset Backed Security (ABS). This process reduces exposure to the banks who initiated the loan and allows them to remove most of the loan from their balance sheet… Good for them. Better yet, Banks aren’t even required to report their CLO information. Mutual funds, pension funds, and ETFs also are directly investing in portions of the loans themselves through syndication as well. Syndication is a loan being arranged by a group of lenders instead of one single lender. + +~~In the event~~ When Shitadel defaults on these loans, the mutual funds, pension funds, ETFs, and other entities will be the ones left holding the bag… But, aren’t mutual funds and ETFs common investment strategies for individual investors and retirement funds? Yes, they certainly are. **Anyone invested in those mutual funds and ETFs will** [share a proportional risk of the default.](https://www.investopedia.com/terms/c/clo.asp) + +So, the money that you, your mom, wife’s boyfriend, or **retirement plan** put into the effected mutual fund or ETF will be at risk to Shitadel’s loan defaults. “*In 2020, an estimated 102.5 million individual investors owned mutual funds—and at year-end 2020, these investors held 89 percent of total mutual fund assets, directly or through retirement accounts.*” [\[SOURCE\]](https://www.icifactbook.org/21_fb_ch7.html) + +We can only speculate at which funds hold CLOs containing Shitadel’s loans, BUT this post will include proof of how Shitadel’s loans are ending up directly in mutual funds and ETFs through syndication. + +It appears the now nearly $1T CLO market, did not fare well during the mini market crash in March 2020. I wonder how it will do during the next financial crisis. + +# COLLATERALIZED LOAN OBLIGATIONS + +Member wen Collateralized Debt Obligations (CDO) were responsible for a large part of the Great Recession? Now it’s time to investigate CDO’s ugly cousin, Collateralized Loan Obligations (CLO) and how Shitadel’s loans are involved in the market. CLOs are a type of CDO, but instead of all-encompassing debt or mortgage debt, they are composed primarily of leveraged corporate loans, usually for troubled businesses... “*Despite their obvious resemblance to the villain of the last crash, CLOs have been praised by Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin for moving the risk of leveraged loans outside the banking system... So, what sort of debt do you find in a CLO? Fitch Ratings has estimated that as of April (2020), more than 67 percent of the 1,745 borrowers in its leveraged-loan database had a B rating. That might not sound bad, but B-rated debt is lousy debt.*” [The Looming Bank Collapse](https://www.theatlantic.com/magazine/archive/2020/07/coronavirus-banks-collapse/612247/) (Highly recommend reading this article, the author might have been early, but he won't be wrong) + +*Alex, give me “things that will fail” for $200, please:* You can wrap a large amount (150-200) of leveraged BBB/BB/B rated corporate loans up into a single security and call it an investment-grade security because the chance of default of a large portion of loans is slim, unless you know, something happened to the market’s overall generally positive direction and loans started to default. Sound familiar? It should, because that’s what was happening with Mortgaged Backed Securities (MBS) prior to the crash in 2008. [CLO Structure](https://innovativeincomeinvestor.com/a-clo-structure-in-1-chart/) + +Shitadel is currently given a BBB- credit rating by [S&P Global Ratings](https://disclosure.spglobal.com/ratings/en/regulatory/instrument-details/debtType/SRSEC/entityId/581852). Some of their loans are being labeled as junk loans and securitized into a collateralized loan obligation where; insurance companies, banks, hedge funds, **mutual funds**, **pension funds**, private funds, **ETFs**, etc. invest in them. This typically happens because a company has maxed out their borrowing and can no longer sell bonds directly to investors, they no longer qualify for a traditional bank loan, or they are taking part in a leveraged buyout of a company through mergers and acquisitions. So, these loans are labeled as “[leveraged loans](https://www.investopedia.com/terms/l/leveragedloan.asp)” which carries a higher interest rate for the borrower/debtor and makes them enticing prospects for CLO managers because of the higher interest yield. + +The same entities listed above also directly invest in Shitadel’s leveraged loans by becoming a syndicate of the loan. This is where a group of lenders get together to finance a loan. Instead of one financer of the loan, you have many, with each taking on a chunk of the loan. Later in this post I will include some NPORT filings for Mutual Funds and ETFs containing these loans. Do Shitadel’s lenders not want these shitty loans on their books? + +https://preview.redd.it/jce7u2n3k6a81.jpg?width=640&format=pjpg&auto=webp&s=77f9122337f33cc0de9f754b06e5cb1da38e3c86 + +The positive piece for the banks regarding Shitadel’s loans being pushed into the CLO market is that even though the banks are the entities that initiated the loans, they have removed a lot of exposure to these loans when they fail because quite a bit of that exposure has been passed along to the CLO investors through the securitization process and through the syndication of the loans. + +The question I continue to come back to is, what purpose does this derivative market serve? If the banks are the entities initiating the loan and the loan pays them well, why don't they want it?... IMO The reason this market exists and is exploding is because the banks have created a way to spread out the disaster when the market comes tumbling down... AGAIN. These securities are dog shit wrapped cat shit. It's a bunch of B/BB/BBB grade leveraged corporate loans lumped together to make a sausage of dog shit wrapped cat shit and call it an investment grade security, or individual bites in the case of syndicated loans. *Stares at JPM*: + +[ https:\/\/www.spglobal.com\/marketintelligence\/en\/news-insights\/latest-news-headlines\/citadel-securities-allocates-3b-term-loan-for-refinancing-terms-62337677](https://preview.redd.it/kzdwo4mek6a81.png?width=624&format=png&auto=webp&s=007668f314e785cd64e22ddcbd3c520093aeb4ed) + +# CLO MARKET SIZE & CONDITION + +[ CLO and Loan Market Review & Outlook: 3Q21 \(voya.com\) ](https://preview.redd.it/82o3dchzk6a81.png?width=359&format=png&auto=webp&s=2ed2166350f1a876a80c465dd1fbc6ebb10a9b3b) + +The CLO market took a pretty significant dive in new issuances in Q1-2020, which is to be expected with the mini market crash in March, 2020, but it has rebounded to set multiple quarterly records for new issuances since that time. Pretty crazy how high it has jumped since the beginning of 2021… Almost as if, banks haven’t wanted these ~~assets~~ liabilities on their balance sheet since Q1-2021… Hmm. As of Q3-2021, Voya Investment Management had the CLO market sized to above $820B with anticipation of it hitting $850B by yearend 2021 (it is estimated that the CDO market was worth roughly $640B in 2007). I believe it is higher than this just based off the amount of CLO Funds being created at the end of 2021, See: [https://www.dtcc.com/legal/important-notices](https://www.dtcc.com/legal/important-notices) + +So, during an economic downturn, how would these CLOs fair? In April 2020 (after the mini crash of March 2020) the Federal Reserve announced that its $2.3T lending would include loans to CLOs: + +https://preview.redd.it/697wfsyzl6a81.png?width=618&format=png&auto=webp&s=3befb7ba4b3dc1851e96735df1bae8926a9d4b91 + +[Federal Reserve Board - Federal Reserve takes additional actions to provide up to $2.3 trillion in loans to support the economy](https://www.federalreserve.gov/newsevents/pressreleases/monetary20200409a.htm) + +If the CLO market is strong and in good shape, why do the market participants need access to the lending facility? Did the economic downturn have negative effects on issued CLOs? Of course, it did. Publicly traded companies are smeared all over the CLO Obligor lists. If their share price deteriorates and the company begins losing money, it’s going to be tough to pay off all these loans. + +# CLO RISK + +Not all CLO investors share the same risk. Securitization is the pooling of loans (Shitadel’s and others) into a single security. From there, entities can invest in the various tranches of the CLO. Think of tranches as levels within the CLO security. The senior tranche does not suffer losses until the lower tranches have been wiped out. Below the senior tranche are the mezzanine tranches, junior tranches, and the equity tranche. The equity tranche has the most risk, but also the most rewards should obligors continue to pay their loans off. The equity tranche suffers losses first, followed by the junior tranches, then the mezzanine tranches in the event underlying loans default. Insurance companies and financial institutions typically buy up the senior tranches. The junior (higher risk) tranche level is where mutual funds and ETFs typically invest. Mutual funds and ETFs are common types of retail funds, so, when Shitadel’s loans go belly up, guess who holds the bag on those loans? + +https://preview.redd.it/zw4ip3ogm6a81.png?width=845&format=png&auto=webp&s=d9f907fc5b469ce28228cc264b54fa4511ce5fb6 + +I’ve read so many articles about how senior tranches in AAA-rated CLOs have never defaulted and why that makes these investment vehicles safe, but the problem I have with these articles is this: + +1. The banks invested in the senior tranches of CLOs may be the safest, but if the market comes down and several loans begin to fail, even the banks will take losses, +2. The mutual funds (retirement funds) and ETFs have a higher degree of risk and those funds are primarily made up of regular people’s retirement, and when Shitadel’s loans start to fall, it will be the individual investors invested in those funds that take the initial hit, +3. They said the same thing about CDOs… And that didn’t go to well for CDOs in 2008, and +4. Quite a few of the articles written about how safe the CLO market is, are written by entities invested in these loans. Like Guggenheim, who’s given a proverbial buttload of money to Shitadel, as you’ll see. + +# MUTUAL FUNDS INVOLVEMENT + +In 2020, The FED did a [study](https://www.federalreserve.gov/econres/notes/feds-notes/who-owns-us-clo-securities-20190719.htm) on CLOs to find out who the main investors in the market were. Since data is so hard to come by for even the FED, they had to use 2018 data for their analysis. At that time, mutual funds accounted for 18.1% of CLO investments and roughly 1/3 of those funds were invested in mezzanine, junior, and equity tranches of the represented CLOs. My assumption is that these numbers have grown due to the overall growth of the CLO market and the number of NPORT-P, and previously used N-Q forms, that have been filed since 2018 (NPORTs are quarterly holdings reports for mutual funds and ETFs and N-Qs were bi-yearly until phased out completely in 2020). + +These are the number of times N-Q/NPORTs containing the search phrase “Collateralized Loan Obligation” was mentioned from 2018 – 2021 (N-Q forms are extrapolated to meet the number of filings for NPORT-P filings): + +https://preview.redd.it/ak9zuunjn6a81.png?width=527&format=png&auto=webp&s=6ded081146d785adeb1a13db5bbf84b4b71f6e9d + +[https://www.sec.gov/edgar/search/#/q=%2522Collateralized%2520Loan%2520Obligation%2522&dateRange=custom&category=custom&startdt=2020-01-01&enddt=2020-12-31&forms=NPORT-P](https://www.sec.gov/edgar/search/#/q=%2522Collateralized%2520Loan%2520Obligation%2522&dateRange=custom&category=custom&startdt=2020-01-01&enddt=2020-12-31&forms=NPORT-P) + +Speaking of hard to come by data, the Financial Stability Board did a [report](https://www.fsb.org/2019/12/vulnerabilities-associated-with-leveraged-loans-and-collateralised-loan-obligations/) in 12/2019 indicating that they could not find the direct holders of 21% of leveraged loans and 14% of CLOs. That’s… umm… A lot of missing information. + +# SHITADEL’S INVOLVEMENT IN CLO MARKET + +Shitadel has flown up the ranks of most referenced U.S. broadly syndicated collateralized loan obligors (making interest payments to the CLO investors from issued bonds/loans) and is currently the #2 obligor for the industry of “Capital Markets”, behind Brookfield Asset Management. + +https://preview.redd.it/jcy18iv6o6a81.png?width=353&format=png&auto=webp&s=3d47201c8b8a6d21dce935e7ecb150711babab7c + +You'll need to sign up for a free membership with S&P Global to access the source docs: + +[Top Obligors Q3-2020](https://www.spglobal.com/ratings/en/research/articles/201002-the-most-widely-referenced-corporate-obligors-in-rated-u-s-bsl-clos-third-quarter-2020-11681749) + +[Top Obligors Q4-2020](https://www.spglobal.com/ratings/en/research/articles/210107-the-most-widely-referenced-corporate-obligors-in-rated-u-s-bsl-clos-fourth-quarter-2020-11795243) + +[Top Obligors Q1-2021](https://www.spglobal.com/ratings/en/research/articles/210426-u-s-bsl-clo-top-obligors-and-industries-report-first-quarter-2021-11932328) + +[Top Obligors Q2-2021](https://www.spglobal.com/ratings/en/research/articles/210714-u-s-bsl-clo-top-obligors-and-industries-report-second-quarter-2021-12040349) + +[Top Obligors Q3-2021](https://www.spglobal.com/ratings/en/research/articles/211013-u-s-bsl-clo-top-obligors-and-industries-report-third-quarter-2021-12145868) + +Citadel Securities LP, which is one of Citadel’s entities, is the firm being used as the obligor to these loans. + +Here’s the number of NPORTS and N-Q’s filed containing the search words “Citadel Securities LP”: + +https://preview.redd.it/f5v7ne2zo6a81.png?width=449&format=png&auto=webp&s=67ea020a3e6322aff9cf3f16825addb225224c48 + +[https://www.sec.gov/edgar/search/#/q=%2522Citadel%2520Securities%2520LP%2522&dateRange=custom&category=custom&startdt=2020-01-01&enddt=2020-12-31&forms=NPORT-P](https://www.sec.gov/edgar/search/#/q=%2522Citadel%2520Securities%2520LP%2522&dateRange=custom&category=custom&startdt=2020-01-01&enddt=2020-12-31&forms=NPORT-P) + +I’ve evaluated A LOT of these funds and every one that I have looked at has contained Shitadel’s loan: + +Citadel Securities LP Term Loan B 1L, (LIBOR USD 1-Month + 2.500%), 2.50%, 2/27/28 (the $3B loan that was refinanced, arranged by JPM) + +I’ve also found you can search “Citadel Finance LLC” in the NPORTs to access mutual funds/ETFs invested in Shitadel’s “debt”. These are investments in the $600M Callable Senior Notes issued March, 2021. + +In a market valued at nearly $1T, Shitadel is now the 38th most referenced obligor. Meaning, they have roughly the 38th highest amount of recurring interest payments on their loans. The only other “Capital Markets” industry participant who has flown up the ranks similarly, albeit not as dramatic to Shitadel is Jane Street Group, who was the 112th largest obligor at the end of Q3-2020 and is now the 55th largest (#3 for Capital Markets). In terms of buying leveraged loans directly through syndication, the Jane Street and Shitadel loans end up in a lot of the same mutual funds/ETFs. + +# NPORT FILINGS & SYNDICATED LEVERAGED LOANS + +Mutual Funds, ETFs, etc. can directly invest in “leveraged loans” through syndication (where the loan is broken up and multiple lenders take on small pieces of the loans). We can actually see these loans within the fund’s holdings. Here’s a sampling of mutual funds/ETFs that filed NPORTS in 11/2021 carrying Shitadel’s loans: + +https://preview.redd.it/3dhijlwep6a81.png?width=586&format=png&auto=webp&s=365ae4e50d5e209fb43a3c3e35739a5ba9f574d2 + +Funds typically have more than one class of investments so each class is represented as a different series. Here are some of the funds with their series included: + +Franklin Floating Rate Master Trust + +* Franklin Floating Rate Income Fund (Mutual Fund) +* Loan to Citadel Securities LP $3,243,450, maturity 2/2/2028 + +Guggenheim Funds Trust + +* Guggenheim Floating Rate Strategies Fund (Mutual Fund) +* Loan to Citadel Securities LP, $4,477,500, maturity 2/2/2028 + +Highland Funds I + +* HIGHLAND/IBOXX SENIOR LOAN ETF (Ticker: SNLN) Actively traded ETF +* Loan to Citadel Securities LP $598,496; maturity 2/28/2028 + +Franklin Templeton ETF Trust + +* Franklin Liberty Senior Loan ETF (Ticker: FLBL) Actively Traded ETF +* Loan to Citadel Securities LP $1,442,750, maturity 2/2/2028 + +Franklin Investors Securities Trust + +* Franklin Floating Rate Daily Access Fund (Mutual Fund) +* Loan to Citadel Securities LP, $4,278,500, maturity 2/2/2028 + +Virtus Opportunities Trust + +* Virtus Newfleet Senior Floating Rate Fund (Mutual Fund) +* Loan to Citadel Securities LP, $1,946,347, maturity 2/2/2028 + +# LIBOR/SOFR Transition + +I’m not going to go into a lot of detail on the transition from LIBOR to SOFR rates, but what you should know is this, LIBOR was the benchmark interest rate for short-term loans, but due to recent scandals and questions around its validity, it is being phased out for SOFR. New issuance CLOs must use SOFR after 12/31/2021, and legacy accounts have until 6/30/23 to refinance using SOFR. The transition to SOFR for new issuances, and as others are refinanced, will not only be a kick in the nuts to the CLO Manager, but to the CLO obligor as well (Shitadel) because SOFR rates aren’t coming in nearly as cheap as easily manipulated LIBOR Rates were. The assumption is that Shitadel and other borrowers will do everything they can to avoid refinancing their CLO obligations until as late as possible as this interest increase will have an impact on the amount of $ they need to shell out to investors. [LIBOR Deadline Prompts Surge in CLO Issuances](https://www.ft.com/content/93448356-43a7-4326-95b2-2d6a627ca74f) + +# CRIME IN CLOs + +CLO funds also have their fair share of crime occurring just like the rest of the financial market. This article from 2/4/2021 [CIO Pleads Guilty to $100M CLO Fraud](https://www.ai-cio.com/news/cio-pleads-guilty-role-100-million-fraud/) shows us how fraudulent this market can be. IIG’s CIO and managing partner plead guilty *“to investment adviser fraud, securities fraud, and wire fraud in connection with more than a $100 million scheme to defraud the firm’s clients and investors.” According to the charges, David Hu and an unnamed co-conspirator “obtained approximately $220 million in bank financing to create a collateralized loan obligation trust, or CLO, for which IIG served as an investment adviser.”* + +*“David Hu admitted to shirking his fiduciary responsibilities and defrauding IIG funds and investors for more than a decade, causing millions of dollars of losses,” Audrey Strauss, US Attorney for the Southern District of New York, said in a statement. “Hu mismarked millions of dollars of loan assets, falsified paperwork to create fake loans, sold overvalued and fake loans, and used the proceeds from those sales to pay off earlier investors, and falsified paperwork to deceive auditors and avoid scrutiny.”* + +Looks like the CLO market is just as deplorable as any other market. Sounds ‘bout right. + +# TOP CLO MANAGERS + +This post is so long and I haven’t even gotten to the top CLO managers. Here’s some familiar faces: + +https://preview.redd.it/3xlt5tluq6a81.png?width=637&format=png&auto=webp&s=809be6371aae612d4b676385a16846e109360455 + +[https://www.cloresearch.co.uk/blog/us-clo-managers-aum/](https://www.cloresearch.co.uk/blog/us-clo-managers-aum/) + +# FIN + +I will be making a follow-up post to this with my speculative opinion on why Shitadel has climbed up the obligor leaderboard over the past year. I have some theories, but need more time to research. Feel free to beat me there! + +The main purpose of this post was to point out Shitadel and many others’ corporate loans are being sold from banks (to reduce their exposure) and bought up directly by mutual funds, pension funds, ETFs through syndication and indirectly through the CLO market. When the stock market tumbles, this market will tumble too. + +In the meantime, here’s a teaser: CLOs are often backed by corporate loans with low credit ratings or loans taken out by private equity firms to conduct leveraged buyouts through mergers or acquisitions... I wonder how many times Shitadel has filed an SC-13G form claiming beneficial ownership of acquisition companies. According to an Edgar full text search, this many times: + +https://preview.redd.it/w4idclt6r6a81.png?width=450&format=png&auto=webp&s=5cb15960e19099c84dde72ee45c4d665fd90523a + +[https://www.sec.gov/edgar/search/#/q=acquisition&dateRange=custom&category=custom&ciks=0001423053&entityName=CITADEL%2520ADVISORS%2520LLC%2520(CIK%25200001423053)&startdt=2021-01-01&enddt=2022-01-07&forms=SC%252013G](https://www.sec.gov/edgar/search/#/q=acquisition&dateRange=custom&category=custom&ciks=0001423053&entityName=CITADEL%2520ADVISORS%2520LLC%2520(CIK%25200001423053)&startdt=2021-01-01&enddt=2022-01-07&forms=SC%252013G) + +Wut doing Ken? + +As always, Tanks fo’ reedin’ + +PS – DRS is the way. + +EDIT 1: Spelling/grammar (the head injuries) - I see a formatting issue I don't like, but perfectly imperfect is a way of life. + +EDIT 2: Added source link for $2.3T lending + +EDIT 3: Added Citadel's name to the beginning of the post. +So, you’ve read the title. In one year I have enough to put down $10,000 (from my savings) towards the loan (4.7%), making the payments with taxes and homeowners insurance around $1300 most likely. + +I have pretty good credit compared to most people at 760. I believe after all is said and done I’ll have $300 a month in money to save or spend a month until I get my professional engineering license. + +This is a really tempting purchase for me. I currently live with my best friend in a college town. I pay $650 a month in rent, and $150 in other utilities. I’m so tired of putting $800 a month towards property I don’t own. Its stupid. + +Not to mention I may have my roommate move in with me for $500/month. Everything included. (Yes, its a deal.) Not because I need him to, but because I like money. He is constantly stressing about payments, b/c his college degree was not as useful as mine has been. He also, works 40 minutes away from his job, and this move puts him 20 minutes away. It brings me 10 minutes closer to mine, so its only 40 minutes away from mine. (I plan on changing jobs is 1.5 years.) + +I could also have a dog and a place for my motorcycle!!! ITS SO TEMPTING. + +**Is it worth it?** + +**TLDR:** Can put down $10k on my mom’s house, which is being sold for 90% of the market value. I rent for $800/month, everything included. I’ll likely put in what I can, and sell the home in 8 years anyways. Is this worth it, or am I blind? +If you are unfamiliar with my story feel free to check out my profile. The short of it is, I left my job to become a full time trader. My account is \~50k and I am essentially documenting this journey live. There is no safety net, this is very real. Let's see where it goes. + +# Key Statistics + +**Accuracy:** 54.22% + +**Long Accuracy:** 61.29% + +**Short Accuracy:** 50% + +**Net Profit:** 116.73 + +**Cash Account Balance:** $11,275.52 + +**Net Worth:** $53,578.92 + +**Positions:** + +50 SPCE @ 21.85 + +150 GIK @ 9.04 + +2313 ACTC @ 17.09 + +# Journal Entry + +This week was much, much better than last week. Still not great, I made a lot of mistakes that I already paid for and shouldn't have made them again. + +I tried a few different strategies this week and did a lot of 1 share trades to test new features, tools, etc. I mean even though I only made $116.73 this week that's way better than losing $1800 like I did last week. The best part is I was only trading 1 share at a time. The majority of profits came from a GIK swing that I played. The rest was from the 1 share trades. + +Right now my issue is 100% psychological. I still of course make mistakes and bad trades from time to time but overall I'm accurate enough to be seeing a real profit here, but I'm afraid to use anymore leverage. Week 3 I will be trading with 10 shares at a time and I'm going to just keep walking them up. + +One thing I really improved this week was not holding onto my losers. That saved me a lot of heart ache and this week I finally obeyed rule number 5 from [here](http://www.r-5.org/files/books/trading/schoolbooks/Douglas_E_Zalesky-The_25-point_Mantra-EN.pdf). "Your biggest loser can't exceed your biggest winner". + +A rule I still broke and need to work on is #4 - "Never turn a winner into a loser". This happened because I would break rules 1,2,6, and 7. I won't list them all out so if you're interested you could go look at the PDF. The point is though that even though I developed a winning strategy, I kept trying to change it and not stick with mine as much. Breaking those rules are ultimately what led to breaking rule #19 - "Hit singles, not homeruns". + +So, trades that were showing unrealized profit I would hold looking for more profit. It rarely worked out. Most of the time I would get stopped out or I took a bad entry for a longer hold. So while a large majority of my trades showed profit, I would close for a loss. + +I walked back through all of those trades (you could visit my daily updates) and took all of this into account. Had I taken the profits when I saw them I would be somewhere near 80% accuracy and my P/L would be much better. + +I am getting excited. + +As time passes, I am certainly getting better, not worse. I am finding myself more and more confident, but no longer cocky. I am very excited to see how this coming week goes. + +This week, while still proving to be a good week, was actually a pretty poor trading week. I had some of my worst days this week. + +The reason is because a lot of the longer term swing plays I'm doing were all kind of popping off this week with news circulating, so there was a lot of monitoring and looking for entry points instead of just day trading. That was kind of a theme this week. I didn't take the day trading very seriously because my focus was on the swing plays and news. + +**NOTE:** These statistics do not include mid term swing trades. They are only for my day trades. + +[Total Net Profit \(Use these columns as reference for the other images\)](https://preview.redd.it/v9ychld3tjv61.png?width=642&format=png&auto=webp&s=366b507411add836a40332d447c62552cce986d4) + +[All Long Short](https://preview.redd.it/bsbkzhr5tjv61.png?width=640&format=png&auto=webp&s=ae4ecf92fe89b38004fc7907d808076e8e61c621) + +[All Long Short](https://preview.redd.it/xziraij6tjv61.png?width=643&format=png&auto=webp&s=108002d2a746603546212ab2660d3676c07dbaa9) + +[Week 2 Summary](https://preview.redd.it/sfwzfpe7tjv61.png?width=642&format=png&auto=webp&s=4fff4eb2d3af2f7e425f2abf64ca6fbfe279de8c) + +# Trades + +[Monday](https://www.reddit.com/r/hoomansjourney/comments/muwzj2/w2d1_monday_04192021/) was a terrible start to the week. It really showcases a lot of the problems that I discuss in the above journal entry. + +[Tuesday](https://www.reddit.com/r/hoomansjourney/comments/mvqh01/w2d2_tuesday_04202021/) was way, way better. I actually traded off stream on this day because I wanted to see if the stream was at all part of the problem with me getting distracted. I think this trading session proved that it is quite distracting. This was a "great" (for me) trading day. + +[Wednesday](https://www.reddit.com/r/hoomansjourney/comments/mweyh9/w2d3_wednesday_04212021/) was actually a good day, even though it didn't end well. The biggest mistake that was made in this trading session was continuously attempting to short TSLA. No matter how many times I was wrong, I just kept trying. Aside from TSLA the rest of the day actually was ok. But TSLA really hurt. This trading session was my first session ever where I had less than 50% accuracy. + +[Thursday](https://www.reddit.com/r/hoomansjourney/comments/mz18g0/w2d4_thursday_04222021/) followed the same kind of issue. So much of my attention was on my longer plays that day trading just kind of fell off to the side. + +[Friday](https://www.reddit.com/r/hoomansjourney/comments/mz18ql/w2d5_hooman_was_on_vacation/) I didn't trade. I went on a much needed getaway with my lady and some friends from college. + +Overall, this was a much better trading week than the week prior, however, I still made a lot of mistakes that I think I could correct into this week. Honestly though, a lot of my issues were about not sticking to my strategy and focusing on the longer plays instead of the day trading. I think this week would have been even more excellent had I given it more attention. Again, this is why I'm so excited to trade this week. + +Thank you all so much for reading! I look forward to this upcoming week of trading and hearing all of your thoughts. Thanks for everything! + +[Trades 1-17](https://preview.redd.it/io681o69tjv61.png?width=1451&format=png&auto=webp&s=6c669175a47a6c863a5fc1a25c6f9943e05a3b7e) + +[Trades 18-34](https://preview.redd.it/z6ds2b4atjv61.png?width=1454&format=png&auto=webp&s=af6b8ba46ee531e54b26ed71e72b14f2d2919ad9) + +[Trades 35-51](https://preview.redd.it/1g6nte3btjv61.png?width=1453&format=png&auto=webp&s=df405194cff71bf5888a935e4b7b93fb63c088b0) + +[Trades 52-68](https://preview.redd.it/txpmmcbctjv61.png?width=1452&format=png&auto=webp&s=6fa4d85a656c14d1c80065927dc9fb4e5dd01111) + +[Trades 69-83](https://preview.redd.it/8184a9kftjv61.png?width=1448&format=png&auto=webp&s=0a38acc1fcebda4422946c72f050c4d5999d685c) + +&#x200B; + +*Disclaimer: I am not a financial advisor. I'm not even a smart investor. I'm a risky trader. Be very weary about mirror trading or assuming I am some sort of expert. I know what I know, and I am honest about what I don't know. You will get honesty and transparency from me and I feel you will learn from my successes or failures. I am hoping to learn something from all of you as well.* +Dear Apes, + +After tonight's new "DD" about the "Updated MOASS" TA and selling the VWAP, I feel obligated to post this. + +I posted a comment thanking Warden immediately after reading his DD. I thought that the use of VWAP as a technical indicator to sell during the MOASS was spot-on. After re-reading the post, and getting downvoted to hell just for defending myself...I popped into his Discord. + +Here is Warden calling out SuperStonk members as "idiots" and saying that Ryan Cohen cannot possibly pilot this stonk into the heavens. + +&#x200B; + +https://preview.redd.it/o91661uzydz61.png?width=2200&format=png&auto=webp&s=8471c9a42acfdb77d4c626207f4de99446841389 + +There are thousands of people that watch Warden's streams and donate to him. People lurk in his Discord and praise him all the time. I think he does have some excellent knowledge about trading. + +However: people have pooled their life savings into this stonk. There are homeless hodlers out there. There are XXXXX holders, all the way down to fractional hodlers. In this chat, you can see the mood. People making fun of fractional hodlers. It's all FUD...and it's bad for ya. + +I'm choosing to post this, as I feel it's necessary. I believe that Warden has some explaining to do. + +Edit 1: Now I'm getting disgusted. This post was temporarily removed at the same time as Warden suddenly posted his own stickied response to the thread. So he gets to remove the post temporarily as a mod? Is this for real? Here is a screenshot of the sticky immediately followed by an Ape telling me the post was removed and then it's right back like magic! + +&#x200B; + +https://preview.redd.it/rdtunite6ez61.png?width=2348&format=png&auto=webp&s=64cc48ff4f51ee8ef4721e25a46626e3f38f98f4 + +https://preview.redd.it/u9g0sypc6ez61.png?width=1784&format=png&auto=webp&s=d3c054f7371430a97248430b0aa3b1988407f63a + +EDIT 2: 11:53 PM EST: + +Mods have revoked Warden's mod privileges temporarily. He also now appears to be resigning per u/redchessqueen99's Twitter. + +&#x200B; + +https://preview.redd.it/brjwitxwnez61.png?width=1496&format=png&auto=webp&s=2ab15c68d3950b0c54734a97409a944e41c4fa78 + +Edit 3: I'm getting alot of requests to link to the original DD that Warden posted. The DD has been removed from this sub but has been archived. The original post is what started this whole mess. + +[https://www.removeddit.com/r/Superstonk/comments/ndc1rc/selling\_on\_the\_way\_down\_a\_definitive\_dd\_on/](https://www.removeddit.com/r/Superstonk/comments/ndc1rc/selling_on_the_way_down_a_definitive_dd_on/) + +&#x200B; + +Edit 4: It's 1:37 AM and he's still going in his Discord Channel. + +&#x200B; + +https://preview.redd.it/up7bybxb6fz61.png?width=3549&format=png&auto=webp&s=066dbd92342d4fea51c4eed8d96617ef53c6d5d1 + +https://preview.redd.it/dpar3dde6fz61.png?width=3065&format=png&auto=webp&s=ee91f1f3b73f4fe5bb3289cc418009fd49b025a3 + +[Warden seems completely unphased by the fact that he just let down 200k plus Apes. He's in his channel answering questions as if nothing happened. ](https://preview.redd.it/uirwiofh6fz61.png?width=2756&format=png&auto=webp&s=6a850c0c880b8471814f277edd1daf34c24d4f95) + +&#x200B; +This is hilarious. The stock just jumped 5% in HK. China’s most recognizable entrepreneur addressed teachers via livestream Wednesday during an annual event he hosts to recognize rural educators. In a video of the event circulated online, Ma talked about how he’ll spend more time on philanthropy. The co-founder of Alibaba and Ant didn’t mention his recent run-ins with Beijing during his address, which was first reported in a local blog. Ant confirmed the authenticity of the video in an email. + +Alibaba’s shares gained more than 5% in Hong Kong. + +[Jack Ma Emerges for First Time Since Ant, Alibaba Crackdown](https://finance.yahoo.com/news/jack-ma-emerges-first-time-042347640.html) + +EDIT: Made the easiest 20% of the new year with boomers fear mongering about the stock. +I'm about to start a new job and the salary is TBC but between £50-55k. I've never paid the higher rate tax before. I'm also over 40 so it makes sense to salary sacrifice as much as I can afford. + +Would it make sense for me to salary sacrifice earnings over £50k straight into my pension to avoid paying 40% tax on earnings above £50k? I can easily cover my cost of living on less than £50k and my pension pot is not as high as I'd like it to be so it would be a good opportunity to load up on it. + +**Edit: If that salary sacrifice was eventually transferred into a SIPP in the end then doesn't the government add 25% tax relief making the net value of the contribution 125% overall?** +I am new to the entire options trading strategy and honestly, it has been going really well. I went abit crazy on the CSP for AMD so it earned a little more. But for the PMCC strategy, I stuck to a strict 0.9 delta and selling 0.1-0.2 delta weekly, and it has been able to generate almost 3% a month without a sweat. + +But it confuses me, if it is so easy to execute and doesnt take much capital (a SPY PMCC is only 12,000) why isnt everyone rich. A 3% monthly return translates to at least 30% (maybe some losses here and there to buy to close) and compounded over a couple of years, it would easily make anyone a millionaire. + +Can someone explain that? +As the title says, everyone who currently controls the money is colluding to keep us from MOASS and our trip on the rocket. The following thoughts occurred to me last night as I was laying in bed wondering wen pay off mortgage, and how we make it happen faster because I sure could use those sweet sweet tendies. + +Need proof? Here's what I can think of off the top of my head. + +\- Remember the big margin call on Robbingdahood? It was something like 3 BILLION dollars. They got a solid favor to drop that down to 700 million, and none of the agencies or banks seemed to complain. + +\- Other margin calls? We all know there have been calls. Somehow miraculously they've been covered over and over allowing this bullshit to continue... at least we think they've been covered. Given above it's entirely possible that those calls were greatly reduced or perhaps not even exercised. Is there even a strict law about margin calls or is this part of their "self regulation?" + +\- In the SEC report it was shown that the OCC was woefully short on deposits to cover obligations, and that was just digging into GME. We know for a fact there are other stonks working on their own squeeze. + +\- There's been all sorts of delays in transfers to other brokerages, and then to Computershare. Almost like they can't find the shares (there's even been some chat screenshots to this effect). If the DTCC is truly doing their job of holding the shares this should never ever be an issue, and yet it is. + +\- There's the banks quarterly earnings reports showing they are flush with cash (BEST QUARTER EVER, BRO!). Yet we've seen inflation skyrocket, and what's up with those reverse repos cranking over a trillion every day for the last month? Heck we're closing in on 1.5 trillion and will hit that on the regular pretty soon. + +\- There's the SEC report basically saying all is well, and we're not going to take any action when our outstanding DD has shown all sorts of fuckery. Not just fuckery, but straight up illegal actions. Yet, nobody seems to be bothered by it other than us Apes. + +\- There's those long puts that are well above the free float. That raised some red flags for us, but the agencies overseeing this can't seem to give a shit. + +\- There's the fuckery with the ETFs. + +\- There's that attempt to hide shit in the Brazilian banking system. I guarantee Brazil is not the only place they are attempting to hide things. + +\- There's the non-existent hedge funds (I think it was iceberg or glacier or some shit like that). + +\- There's the paid "speaking fees" going to government representatives. + +\- There's the campaign contributions that seem to fall into the circle of families of elected officials who are pretty close (married) to people such as the CEO of NYSE, or heads of regulating bodies. + +\- There's the insider trading among MM and government officials. + +\- There's the people running the agencies who conveniently used to hold pretty high positions at money makers or brokers. + +\- There's the massive amount of fuckery going on with Credit Suisse. + +\- Something is up with BoA. + +\- I'm sure we'll eventually see some new form of fuckery from Wells Fargo since they seem to specialize in fuckery (why does anyone still bank with them?) + +\- There's the collapse of China housing developers, and failure to pay their bonds, but none of the banks seem to be overly concerned about it according to MSM. + +\- Speaking of MSM how many times have we seen articles that are the complete opposite of reality? + +\- There's the shitty jobs report, and inflation report, but the market miraculously keeps going up, but our price is stagnant or dropping. + +\- There's the darkpool abuse of price suppression. + +\- These agencies are "self regulating" with no legal ramifications or consequences. + +\- There's the bragging by the SEC of record level payouts to whistleblowers, but as history has demonstrated the fines are such a joke that they are considered part of the cost of doing business. Hell, they claim to have just paid out something like 450 million to whistleblowers, but won't state what it's for. Given the manipulation of MSM, and bold faced lying can we even believe they actually ever did anything or are they just trying their hand at being a bullshit social media influencer? + +\- There's the S3 reports of MOASS being a sure thing, yet it hasn't happened after months of being at that level. + +\- There's the endless screenshots of Ortex and Bloomberg showing that the whole market is trashed, but nothing has happened. + +\- There's the SEC's own report showing crazy high SI% in January, which also states that the shorts have not covered, but NOBODY, not one single person in the SEC (that we know of) stood up and said "Hold up. How does that make sense? Maybe we should look into that a little more." + +\- There has been speculation that our shares are really just IOU's. + +\- There's the whole PFOF scheme invented by none other than one of the greatest financial con-men to have ever walked the face of the planet. We have now had that scheme picked up by a huge MM and they've run with it, all while their leader has claimed he's just a humble dude looking to help retail (if you think he was actually out to help retail then I have a number of bridges I could sell you). + +\- There's the vote that hit a miracle number of 100%, but we also know those numbers are massaged on purpose because heaven forbid that they get more than 100% and someone has to investigate. + +And this is just want I can think of sitting here. I'm sure there are many more. Bottom line is that ALL of these agencies, banks, brokers, money makers, and government officials are holding hands while we play the game of Red Rover trying to break their line, but they've handcuffed their wrists together. + +THE MOASS WILL NOT EVER HAPPEN IF WE RELY UPON THE HONESTY OF THE SYSTEM!! The system has evolved to not work with retail. The system never anticipated the Apes, but even with our arrival they will not just roll over and let things fall as they may. The system is broken for everyone unless you're in the inner circle of global finance. + +What about the NFT dividend? + +There is ONE possible catalyst we've all been hoping for. An NFT dividend. BUT WE HAVE ZERO PROOF OF IT!!! Yes, we know GME has been working on an NFT. You will get no argument from me on that. Yet, we do NOT know what the NFT is for!! We've speculated that it COULD be a dividend, BUT it could also be for in game play, it could be for actual games via a Steam like setup, hell, it could even be for Gamestop to become an NFT broker. We. Just. Do. Not. Know. And we won't know for sure until GME announces it. + +Yeah, I've seen the countdown twitter theory. I REALLY like the theory. Yeah, I've seen all the permutations of trying to figure out the mythical 741 number. Some make sense. Some make me tilt my head and say "what the fuck?" + +WE CANNOT RELY UPON THE NFT TRIGGERING MOASS!! Because we don't know what the NFT is actually for! + +What is the one for sure catalyst? + +We have looked at 14,000,605 timelines, and in just ONE do we win. The ONLY surefire way this works and we trigger MOASS is to take control of our shares. Take them out of the system that only favors the elite. Take away the IOU's. Take away the campaign contributions. Take away the speaking fees. Take away the self regulation. Take away the dark pool price suppression. Take away the manipulated earnings reports. Take away the perfunctory investigations. + +We MUST direct register the float. THIS is the only way we, as mere mortal Apes, can do this. Transfer your accounts. Transfer your "shares." DRS IS THE ONLY FOR SURE CATALYST THAT WE CAN CONTROL!! + +As part of full disclosure I'll say it right now. I'm an X holder of GME. It's what I could swing. I thought to myself that I'll just let the bigger money Apes DRS and I'll ride on the outside of their rocket. I AM WRONG! After thinking about all the stuff I posted above I have realized that I cannot cannot CANNOT have that mindset. It's selfish. It's bullshit. It will not help launch any rocket. Apes help Apes, and I was not acting like an Ape with this mindset. So today I'm going to start the process of moving my account to Fidelity, and then from there to Computershare. Even though I'm ONLY holding X doing so will get us X much closer to MOASS, and I know there's many Apes that are just like me. + +TL; DR + +DRS is the ONLY for sure way we can trigger MOASS without relying upon anyone else. It's the one and only thing we can directly control that cannot be influenced by market manipulation. Period. + +\*I am not a financial advisor. This is not financial advise. I'm an Ape who likes the stock. + +\*\* Someone should screen shot and repost this for Karma. +36 married with 1 kid (we're considering more) +8M net worth (5M invested and 3M equity in a 4M home). We rent the 'guest house' on our property for about 50K/yr that nicely covers our housing costs. Could easily downsize to 2M in a less trendy neighborhood and be equally happy. + +Earning 600-700K and my partner earns 150k, not that we need it but we both stand to receive low 7 seven figure inheritances one day but we decided to not factor that into any of our decision making. + +Total cost of lifestyle currently is about 150k and especially since my partner wants to keep working (but even if they didn't) I'm confident I could pull the trigger on a fatFIRE now. My partner is completely supportive. + +I own my own consultancy business which I built from scratch over the last 6 years after leaving a job where I did exactly the same kind of work for someone else (and hated it) for about 130k/yr. I enjoyed the experience of building the business but while it continues to grow the money is no longer motivating and I'm both bored of the work which I no longer find challenging and tired of the stress. What's more every minute it pulls me away from my family I'm thinking to myself 'something is seriously wrong with my priorities'. + +The catch - the nature of my work depends entirely on me being the face of the business. I can easily find positions for all my staff but I can't count on them ever returning if I do. My clients will need to quickly head elsewhere and are also unlikely to ever return. If I do this, it is for good. The golden goose will be cooked. Also, going back to work for someone else is not a reality I am willing to face. + +What I'm struggling with the most is that I've been working without interruption since even before I left highschool. Had another business (tiny by comparison, but paid for my school) during college; I can't remember a time when work (whether I enjoyed it or not) didn't consume most of my waking hours. Life is short, I want to enjoy it but will being FIRE'd lead to me being happier for the next 30 years compared to the alternative? Looking to hear from anyone else who took the plunge at a similar age. How was the transition and how do you look back on it years later? + +EDIT: WOW I'm overwhelmed by all the incredible comments. Thank you everybody! To answer/address a few: +-I would gladly entertain selling my business or transitioning it off to an employee but it doesn't lend itself well to that; every contract is a one-off that is referred to me personally. Most clients would not be satisfied if they were asked to deal with someone else; I push hard to delegate as much as I can to my staff. Anyone who would be perceived as satisfactory in my place is already a competitor. There is a significant experience paradox barrier to entry, not entirely insurmountable but a real barrier it could take years to overcome. +-Cutting down hours sounds very appealing! I have been locked into the mentality of don't say 'no' to (good) new bueiness because that will cost you the opportunity to say 'yes' in the future. If pulling the plug is already on the table, what do I have to lose? Just booked off every Friday for a couple months, let's see if I can stick to it. + +@jovian_moon & @SnooTangerines240 thank you both in particular, you've given me a lot to think about. @jcarter593, excellent advice I wish it were applicable to me. +Rent is increasing rapidly. Anything even remotely livable is over $1500 per month plus utilities. I currently pay $2160 plus. + +So I figured that buying a home would make sense….right? + +But home prices are sky high and anything under 400k is getting snatched up by cash buyers! +Plus, what is selling for 400k was around 150 a few years ago. + +What is going to happen to the average family? Rent is unaffordable, home prices are crazy, don’t even get me started on gas and groceries! + +Will we all end up homeless? Something has got to give. +So, I understand that prices (in general and in the stock market) are "determined" by supply and demand. + +But, say I'm selling shirts. I have 100 shirts left and they're not selling well so supply and demand has "determined" that I need to reduce my price if I want to sell more shirts. + +But "supply and demand" is neither a human being nor a robot. It is not a sentient being. It is not going to log into my POS and edit the pricing on certain products. Nor is it going to go replace my signage advertising $5 shirts with price tags and signage advertising $4 shirts. Supply and demand doesn't determine or change my prices - I do! I just make that decision based on the current supply/demand situation. + +So. Stock market. NYSE. People either won't pay the price it's listed at, or they would be willing to pay more. Who changes it?? My understanding is that the price that's listed was just the price that was paid in the last transaction, but if I have to buy or sell it at that price now then how does my transaction change the price?? + +I know it's all made up and the points don't matter, but I also am really struggling to understand which sentient being picks the current going rate for literally anything. +hello everyone. I have a question in debit cards banks take a charge yearly charge of minimum 200 ₹ or more depends on the card type . to use a upi handle people need a debit card but other than that does the upi system provide any benefit to the banks . because it surely costs them money . thats why we see almost every bank have its own upi handle +In the following links I will hopefully tie together what Gamestop and its Crypto Partners have been building towards. + +First off, please review the the excellent and essential DD going over ERC-20 and the ultimate endgame. + +[https://www.reddit.com/r/Superstonk/comments/pki107/the\_glass\_castle\_new\_game/](https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/) + +by + +u/3for100Specials + +Please also refer to the following DD from the great u/PWNWTFBBQ regarding algorithmic cycles tied together by volume that looks for the tremors to predict the earthquake. + +[https://www.reddit.com/r/Superstonk/comments/qx8yyu/the\_algorithm\_the\_ouroboros\_part\_21\_exposing\_hf/](https://www.reddit.com/r/Superstonk/comments/qx8yyu/the_algorithm_the_ouroboros_part_21_exposing_hf/) + +In his DD (3for100Specials) speaks about moving away from from the DTC being a custodian of the Gamestop stock as they reneged on their good faith ability to perform their fiduciary responsibilities. This possibility was mentioned directly in a ~~13F~~ December 2020 Summary Prospectus. [https://news.gamestop.com/node/18961/html#supprom192873\_25](https://news.gamestop.com/node/18961/html#supprom192873_25) PAGE 15 + +*"If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities."* + +Fast Forward to Loopring establishing a secure L2 enclave that can offer no knowledge swaps of digital goods between parties. This could be any item that is digitally registered to the blockchain. + +That brings us to today and the MANY partners that GME is set enter into business with to support their goal of providing growth and delight to their investors. + +The link below is Daniel Wang's twitter where you can confirm his profile picture is a Loophead which is the first of many dynamic NFT's to be issued that will change over time and according to the price of the token behind Loopring. This is a proof of concept. NFT minting has been launched for $2.50 per item. They are setting up the amusement park fences and their partners can design their own attractions on the inside. + +[https://twitter.com/daniel\_loopring](https://twitter.com/daniel_loopring) + +Notice his specific NFT and the following link to his official wallet which houses it showing he is trading it through the system to test for errors. + +[https://explorer.loopring.io/tx/16476-205](https://explorer.loopring.io/tx/16476-205) NFT transfer confirmation + +[https://explorer.loopring.io/nft/0x0dc6a4682fdd859a41b5e7c9b473b31995f98236-0-0x1cacc96e5f01e2849e6036f25531a9a064d2fb5f-0x01346618000000000000000002386f26fc100000000000000000000000000448-0](https://explorer.loopring.io/nft/0x0dc6a4682fdd859a41b5e7c9b473b31995f98236-0-0x1cacc96e5f01e2849e6036f25531a9a064d2fb5f-0x01346618000000000000000002386f26fc100000000000000000000000000448-0) NFT matches Loopring creators + +Now please bear in with me, Im getting to the point. + +Daniel Wang's wallet address: + +[https://etherscan.io/address/0x8dbfbd35f8bc9622ef907c372f4d91188d4de8b3](https://etherscan.io/address/0x8dbfbd35f8bc9622ef907c372f4d91188d4de8b3) + +*Now we are getting to the partners in question* + +First would be: [https://decentraland.org](https://decentraland.org) + +A virtual world owned by its users. Build, explore, and earn money from your creations. + +Decentraland is not a surprise as its the official METAVERSE location that people will use in Web 3.0 to show off digital items backed by NFT's. LRC built Decentraland Beta tests are happening this week and have been posted about on twitter. + +[https://twitter.com/macro\_diary/status/1485354084232278021](https://twitter.com/macro_diary/status/1485354084232278021) + +[https://oncyber.io/rskagy](https://oncyber.io/rskagy) + +By searching various links and wallets to find the Decentraland OG token I was able to see that it was split into four sub-tokens that build its ecosystem. These tokens are being traded on the blockchain, as we speak. + +[https://etherscan.io/tokens/label/decentraland](https://etherscan.io/tokens/label/decentraland) + +Decentraland: A virtual world owned by its users. Build, explore, and earn money from your creations. Remind you of another catch phrase? "Power to the creators" on [https://nft.gamestop.com](https://nft.gamestop.com) + +This world and its connection to the blockchain is employed using ***ERC-20.*** + +[0xfd09cf7cfffa9932e33668311c4777cb9db3c9be](https://etherscan.io/address/0xfd09cf7cfffa9932e33668311c4777cb9db3c9be)📷[Wrapped Decentraland MANA (wMANA)](https://etherscan.io/token/0xfd09cf7cfffa9932e33668311c4777cb9db3c9be)$2,909,619,243.00- + +[0x0f5d2fb29fb7d3cfee444a200298f468908cc942](https://etherscan.io/address/0x0f5d2fb29fb7d3cfee444a200298f468908cc942)📷[Decentraland (MANA)](https://etherscan.io/token/0x0f5d2fb29fb7d3cfee444a200298f468908cc942) + +[0xf87e31492faf9a91b02ee0deaad50d51d56d5d4d](https://etherscan.io/address/0xf87e31492faf9a91b02ee0deaad50d51d56d5d4d)📷[Decentraland LAND (LAND)](https://etherscan.io/token/0xf87e31492faf9a91b02ee0deaad50d51d56d5d4d) + +Now for the Big one and why we are all here reading this waiting for MOASS. + +One word: *Estate* + +[0x959e104e1a4db6317fa58f8295f586e1a978c297](https://etherscan.io/address/0x959e104e1a4db6317fa58f8295f586e1a978c297)📷[Estate (EST)](https://etherscan.io/token/0x959e104e1a4db6317fa58f8295f586e1a978c297) + +This token runs on ***ERC-721.*** But what does Estate do? Well lets follow the Link/wallet that connects them to LRC, Decentraland, NFT's to see what their business model is? + +[https://www.tokenestate.io](https://www.tokenestate.io) + +Tokenestate enables businesses to self-issue Digital Securities (aka Security Tokens) and to digitally manage investors relations to make investing easier, faster & cheaper. + +With Tokenestate, businesses can: + +* **Easily issue financial securities** +* **Sell in Switzerland & abroad** +* **Comply with financial regulation** +* **Allow investors to buy & sell securities** +* **Manage investor relationships digitally** + +At Tokenestate we’re in digitizing investors & investments. + +A Digital Security (aka 'Security Token' or 'Jeton d'investissement') is the representation of a regulated financial security by means of a digital asset on a blockchain. Instead of being represented using a piece of paper, or registered in a centralized database, the security is associated with a 'token' on a public blockchain such as Ethereum. + +In Switzerland, self-issuance of uncertified securities is unregulated. Swiss companies are free to use any technology to maintain their shareholder register, and can use the blockchain to do so, as long as they comply with applicable regulation, in particular Securities and Anti-Money Laundering regulation. + +“Using blockchain to facilitate the issuance of share certificates allows the digitalization of tedious legal processes." + +[https://www.startupticker.ch/en/news/august-2019/tokenestate-powers-first-security-token-offering-sto-for-an-epfl-start-up](https://www.startupticker.ch/en/news/august-2019/tokenestate-powers-first-security-token-offering-sto-for-an-epfl-start-up) + +TL:DR: + +[https://twitter.com/macro\_diary/status/1459276514474840069?s=20](https://twitter.com/macro_diary/status/1459276514474840069?s=20) + +We are about to see the ushering in of a new age of financial protection for individual investors. I believe this is where Gamestop comes in. Someone has to pilot this new system and launch the very first American Security Token Offering (STO) as a replacement for the DTC defaulting on their fiduciary responsibilities. These shares/tokens will trade on decentralized lit exchanges while still being tied to the blockchain. Every owner tracked. Every share accounted for. In perpetuity. + +(Deep Breath) This may be it. + +Edit: I was asked my thoughts on what exchange these STO would be traded on and how they would be transferred vis a via issuing the tokens when naked shorts exist. Also how will international holders be taken care of? + +There’s a difference between the exchange and the custodian. In theory GameStop can develop an STO while trading it on the New York Stock Exchange as long as they are replacing active shares 1:1. This would involve recalling the shares and Brokers/SHF to cover all naked shorts before moving the full float and holdings to the blockchain. These securities would still be traded on normal exchanges, but would be held by a new custodian. I do not believe there are any current regulations that state for a stock to be actively traded on the New York Stock Exchange that it must be held by the DTCC. For example computershare is a custodian the same as the DTCC. + +2nd Edit: [https://www.sec.gov/litigation/investreport/34-81207.pdf](https://www.sec.gov/litigation/investreport/34-81207.pdf) + +So here is an excellent bookend as the SEC officially views STO's as "securities" tradable on exchanges. + +(DROPS MIC) + +Final Edit 1/27/2022 Cohen tweets about a CEX position. Don’t 6 and 9 mean infinity sign? + +[Credit to 3for100Specials](https://preview.redd.it/rps3eh6ghzd81.png?width=1602&format=png&auto=webp&s=00e034ead41aa35012e505c98ef699592112c30c) +This petition has made the rounds on [Twitter](https://twitter.com/dlauer/status/1512420969977163783?cxt=HHwWjsC5pf22mf0pAAAA) and r/Superstonk but we have had a lot of requests to pin it for more attention. Thank you to [EntropyWinsAgain for the popular suggestion](https://www.reddit.com/r/Superstonk/comments/tz7rij/can_we_unpin_the_superstonk_banner_post_and/). + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://i.redd.it/a3umnuirwcs81.gif + +# [PETITION DIRECT LINK HERE](https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on?s=09) + +**Dear Chairman Gensler,** + +**In the last 18 months alone,** [**25 million new investors joined the stock market**](https://twitter.com/km/status/1486549470061891591)**, and at their peak, retail investors** [**made up more than 25%**](https://markets.businessinsider.com/news/stocks/retail-investors-quarter-of-stock-market-coronavirus-volatility-trading-citadel-2020-7-1029382035) **of the U.S. stock market. But as more people earnestly participate in the markets than ever before, the opacity and complexity of markets has left them concerned that: markets are not adequately providing price discovery; that too much power is concentrated in too few firms; and that they cannot trust such a complex system that lacks appropriate transparency.** + +**Gaps created by the lack of meaningful competition, transparency and simplicity have resulted in** [**billions of dollars**](https://www.wsj.com/articles/payments-to-u-s-brokers-surged-amid-meme-stock-and-options-boom-11643745771) **in annual Payment for Order Flow (PFOF) made from high-speed trading firms to brokers, while these firms generate multiples of this in revenue. These companies face little competition and amass greater market power, as two of these firms are responsible for a huge share of trading, both on-exchange and off. PFOF creates an intractable conflict-of-interest for brokers whose financial incentives are placed at odds with their duty of best execution. The segmentation of retail order flow away from lit markets means less competition and materially wider spreads as exchange toxicity increases.** + +**We are writing to urge you to address PFOF and the disparities in market structure that lead to excessive off-exchange trading as a top priority, and propose a rule that will truly reform our markets, not simply result in more disclosure. Included in this, we need regulatory intervention to repair a system that results in inferior execution quality for retail and institutional investors, and that has damaged markets and widened spreads for all participants. The SEC needs to take action to change the current market structure, rejuvenate the price discovery process, incentivize diversity and competition, and simplify our markets. While there is no silver bullet to fixing markets, we believe that a holistic approach can solve many problems. Such an approach would also consider exchange rebates and access fees, intelligent tick sizes, an order-by-order best execution standard, incentives to reduce fragmentation of markets (e.g., ending the subsidization of exchanges with SIP revenue), and ensuring that the NBBO properly reflects all supply and demand in the market.** + +**PFOF and excessive off-exchange trading persist because so many trading platforms rely on the revenue it generates, essentially productizing their clients. Defenders of PFOF have claimed that retail brokers who route to high-speed traders (in exchange for PFOF) provide better price execution for investors and that it’s a net positive, despite creating an inherent misalignment between these platforms and their customers, and despite** [**public evidence**](https://medium.com/the-public-blog/delivering-on-price-execution-without-pfof-27f0e6098a2f) **to the contrary. Leaning on the flawed argument that they categorically provide retail customers with best price execution quality, there is little by way of self-regulation to foment change or prevent applications designed to optimize transaction volume (i.e. speculation and day trading) and risky activity (i.e. margin and options trading). Further, their ability to claim best execution is part of the flaw of the system, as even within the current structure better outcomes are possible on an order-by-order, and aggregated basis.** + +**Throughout 2021, the debate around PFOF only grew with a House of Representatives** [**bill to ban the practice**](https://financialservices.house.gov/uploadedfiles/5.06.2021_bills-1171pih-actof2021-order.flow.pdf)**, and a Senate bill introduced as the** [**‘Investor Freedom Act of 2021’**](https://www.banking.senate.gov/imo/media/doc/investor_freedom_act_of_2021.pdf) **to prevent such a ban and protect PFOF profiteers. We also understand that the issue of PFOF is top-of-mind for you, having made several public comments raising concerns about the practice, the resulting concentration of power, the misalignment of incentives and the flawed standard of best execution.** + +**Additionally, there is a groundswell of support voicing their concerns related to PFOF, excessive off-exchange trading, and rallying behind comprehensive reform to market structure. On March 3, an investor advocacy coalition spearheaded by investing information company Urvin Finance, comprehensive fractional investing platform Public.com, institutional equities execution platform Proof Trading, and others, launched and published an** [**Investor Bill of Rights**](https://www.urvin.finance/advocacy) **in a call for comprehensive market reforms that will empower individual investors. While this coalition is being guided by these firms, the movement is based on grassroots advocacy and the education and empowerment of individual investors. This coalition of investors is guided by five core principles of: Transparency, Simplicity and Fairness, Investor Choice and Control, Best Execution, and Better Settlement and Clearing. We believe that individual investors can better represent their own interests than the companies who productize them.** + +**We urge you to take action on PFOF and the disparities in market structure that lead to excessive off-exchange trading, and implement policies that will prioritize the interests of individual investors, institutional investors and the market-at-large over the interests of a select few.** + +**Sincerely,** + +**We The Investors** + +[CLICK HERE TO ADD YOUR SIGNATURE](https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on?s=09) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Side note, once again as you have probably noticed we are [encountering..... issues....](https://www.reddit.com/r/Superstonk/comments/tz6eqj/superstonks_banner_the_final_decision/) with trying to do a poll for the banner contest. This community is incredibly active, diverse and vocal in their opinions and its one of the reasons I personally love it so much but it also makes it very difficult to please everyone. + +There is a major discrepancy between poll data and popular comments. We will put it on hold for now as obviously there are more important things going on and get back to everyone as soon as possible with a potential solution. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [Computershare Megathread for EASY CLICKING](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/) +My startup recently completed an equity financing and my equity is valued at $28M. It constitutes almost my entire NW. My wife and I own a house worth $3.5M (Hers) with no debt and a rental property worth $850k with a $570k mortgage that cash flows a significant amount ($90k - we own it jointly). I have a $240k 401k and we maybe have $600k in cash and stocks. We have some other non liquid investments. No other debt, no kids. My wife doesn’t work and my salary at my company is $120k (down significantly from my last job where I made high six figures) a year but I own the majority of my startup. I know this is a good position to be in but it doesn’t feel like a very comfortable position. The equity round included institutional investors and I am trying to do a non recourse loan against some of my stake but don’t know how feasible that is. + +Just wanted to vent here, it’s very exciting but not many people can understand the dilemma. +I'm 50 and I have very aggressive Stage IV prostate cancer that has spread throughout my body. I was just diagnosed this summer. I'm the one who handles finances and I want to make things easy (financially) for my wife once I'm gone. + +Between life insurance, my Roth IRA, and other investments, she'll have about $750K. Like everyone, I'd like the highest return with the lowest risk. We invest with Vanguard. Thanks in advance. + +Edit 1: I should've said I'm looking for current income for her. Cancer meds scatter my brain a bit. Sorry. + +Edit 2: I'm absolutely stunned by the overwhelming, positive support. It's a little overwhelming. I wish you all a wonderful Dec 25th no matter how you spend it. Hug the ones you love. Be good to each other. Thank you for all the support. +I got 12k to spare is that enough to start a dividend portfolio also would like to mention that I will add $100-200 every week to cost average any position. +How much money did y’all have before you started this? +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) +In particular, I want to know 1) where you were financially and 2) what made you think it was necessary. + +For some context: I want to reach a point where I am able to afford a full-time live-in staff member who is willing/able to wear multiple hats as necessary (though I imagine a lot of the more physical labor would be outsourced/managed by them). What do you think the comfortable base for this would be? +I have a high rise apartment (1br/1bth) in Miami and it is already listed below market price. I am struggling to find interested tenants. + +I was wondering if this a problem many landlords are facing with the pandemic and how long was the unit vacant. + +Any input is greatly appreciated! +Hi, first post here. Long story short, DeKalb county (GA) recently contacted me to inform me that half an acre in a residential area that my father purchased in the 70’s is about to go up for auction in less than two weeks unless I/we’re willing to pay the property taxes that are past due. The total is less than $2k and it seems like a no brainer but I would like any advice before I cough up the cash I.e. the possibility of other leans against it, do I contact an attorney etc. I’ve never owned land before and am admitting to being a complete novice in this field in addition to being skeptical. Any and all advice is welcomed and appreciated. Thanks! +Long story short: my mother is a raging alcoholic and after CPS and law enforcement being involved (and the father being out of the picture), I'm now the guardian of my younger sister. + +I have no idea what to do. + +I work full-time in a food service job making $10 per hour not including tips, which brings it to around $11-$14 per hour depending on the day. + +I bring home between $1,700 and $2,000 per month. (Depending on tips) + +I just signed a lease for a 2br apartment at $900 per month. It is literally the cheapest option I could find that was in a safe area and not too far of a commute to work (around 11 miles). + +My current expenses are: $160 for a personal loan, $40 for cell phone, $180 for car insurance, $80 credit card. Per month. + +I honestly don't know what to do. Her child support is coming to me now, so that gives me an extra $400 per month. + +She doesn't have health insurance and hasn't been in school for almost a year now. Since I am her guardian can I add him to my own health insurance as a dependent? + +I figured posting here would be most helpful because as a college student I have no idea how to budget for a child. Tuition isn't an issue because it's fully covered by grants. + +How do I plan this? What are my options? I don't even know where to start... + +EDIT: Also there are no other adults to help. I am the oldest sibling and my father is also out of the picture. No aunts/uncles/etc. My grandma lives on the other side of the country but is sending a little bit of money to help but nothing else more than that.. +Amazon have started a hiring freeze, facebook is letting go of 13% of their staff, so to twitter. Is your company still actively hiring/firing or freezing? +A few months ago, when the markets were going up, people mentioning that maybe after 10 years of bull market a bear market might become more likely, they were shut up and being told the usual stuff, time in the market beats timing the market, there is no reason to think there will be a downturn, etc. etc. + +Now that stocks are down 10-15% literally everybody seems to be convinced that there will be a 2008-like recession. Why? It could just be like in 2011 or 2016, when we went down around 15-20% max and then up. Why doesn't anyone seem to even consider this scenario that is at least as likely? + +In reality, the sub really reacts like a typical emotional investor. When the market is up, everybody's convinced it will go up, when it's down, everybody's convinced it will go down. It was the same thing in the smaller dips during the year, people were also being convinced we were heading towards a recession for a few days—except it was more short-lived. + +Honestly, we have no idea if the market will be 20% up or 20% down in a few months. Nobody can predict that. So why don't people try to consider all scenarios? +First of all I believe that amc , gme etc are all overvalued based on fundamentals, but since majority of the share holders are retail investors who don’t even base the stock on fundamentals and who believe in just holding , wouldn’t the stock not drop nearly as bad as ur average mid cap stock , now i don’t know how gme amc shareholders will behave during a collapse but would like to know ur intake +Warren Buffett's Berkshire Hathaway Inc dove into equity markets in the first quarter, spending more than $51 billion on stocks including a much larger stake in Chevron Corp Berkshire. + +Berkshire said it repurchased $3.2 billion of its own stock in the quarter, but none in the first three weeks of April. The disclosures suggest that Buffett has finally found large new uses to dispose of Berkshire's cash pile, which shrank more than $40 billion to about $106 billion in the quarter. + +Berkshire boosted its stake in Chevron to $25.9 billion as of March 31 from just $4.5 billion three months earlier, as oil prices surged higher following Russia's invasion of Ukraine. The increased Chevron stake comes on the heels of Berkshire's purchase of well over $6 billion of stock in Occidental Petroleum Corp, where it already had a $10 billion preferred stock stake. + +Buffett has also committed $11.6 billion to buy insurance company Alleghany Corp, and bought $4.2 billion of HP Inc stock. First-quarter operating profit edged up to $7.04 billion, or about $4,786 per Class A share, from $7.02 billion a year earlier. + + +https://www.devdiscourse.com/article/business/2021197-buffetts-berkshire-bought-51-bln-stock-in-first-quarter-operating-results-flat?amp +https://www.reuters.com/article/us-unitedairlines-stock-offering/united-airlines-sells-1-billion-of-stock-in-fresh-move-to-weather-pandemic-idUSKCN22337A + +>(Reuters) - United Airlines Holdings Inc (UAL.O) on Tuesday announced a public offering to raise more than $1 billion, the first major airline to sell equity to help it survive a sharp travel downturn in the coronavirus pandemic. + +>The offer of 39.25 million shares, underwritten by Morgan Stanley and Barclays, was priced at $26.50 per share, United said in a statement, a discount of 4.9% on Tuesday’s close. +JP Morgan Chase, who write about a quarter of residential loans in the US, just announced that they are raising the minimum credit score to get a loan to 700 and now the minimum down payment is 20%. Other banks are doing the same thing. Not good if you are selling but if you’re buying and qualify for the new stricter guidelines it could be good for you. I’m holding tight. + +Edit: JP Morgan Chase does not write a quarter of residential loans but they are the fourth biggest residential lender. +Two adults and two kids under 5. Month to month fluctuates but averages to $1,200 over the last 6 months. + +We shop at Trader Joe’s, Costco and Sam’s with some specialty items that come from a butcher or small grocer. + +We eat out maybe two times a month and the $1,200 figure does not include restaurants. +"If you won't let me fully work-from-home, go ahead and fire me" +(said more diplomatically). + +How did that go? Looking for tips and things to watch out for. +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! + +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. +I have owned and managed dozens of different-sized residential buildings between 1 and 12 units, and have just reviewed my past 10 years in the business. Here's why I like my duplexes the most: + +- My duplexes have had the most appreciation in my area (compared to other multi-family sizes) + +- The 4 duplexes I rehabilitated and sold all went to lower-income or young families, to pursue homeownership. + +- The duplexes I have rehabbed and held have easier and cheaper maintenance than the bigger buildings (contractors seem to charge more 'residential' rates than 'commercial' rates with the 3+ unit buildings) + +- Significantly less inter-tenant conflicts + +- Tenants take more pride and actively improve the the exterior of the homes landscaping / upkeep + +- Lower turnover + +Just wanted to share. + +TL;DR - I LOVE DUPLEXES ESE +I have owned and managed dozens of different-sized residential buildings between 1 and 12 units, and have just reviewed my past 10 years in the business. Here's why I like my duplexes the most: + +- My duplexes have had the most appreciation in my area (compared to other multi-family sizes) + +- The 4 duplexes I rehabilitated and sold all went to lower-income or young families, to pursue homeownership. + +- The duplexes I have rehabbed and held have easier and cheaper maintenance than the bigger buildings (contractors seem to charge more 'residential' rates than 'commercial' rates with the 3+ unit buildings) + +- Significantly less inter-tenant conflicts + +- Tenants take more pride and actively improve the the exterior of the homes landscaping / upkeep + +- Lower turnover + +Just wanted to share. + +TL;DR - I LOVE DUPLEXES ESE +TL; DR: The music is about to stop and UNO’s the game. This is an unprecedented event and you need to read it if you care about your investments or your opportunity to engage in a free market. + +**What** + +Apex clearinghouse has been confirmed as making a business decision to reverse transfer transactions, initiated by their customers from their brokerages to Computershare on both IRA and Non-IRA accounts. Computershare is the only method of registering stock shares in your name, as opposed to being a beneficiary of a share of stock held in an alternative brokerage. + +*Edit: I was looking for the comment that suggested they were denied transfer of a non-IRA account to provide source. I can no longer locate that comment or it has been deleted. Jury is still out on whether they are reversing non-IRA shares as well.* + +It’s unclear at this time whether this is impacting only GameStop holders or if other transfers are being restricted. Regardless, the inability to request transfer by your brokerage for movement of shares you paid for suggests that these brokerages may be not actually buying shares on your behalf when you make a trade, but instead internalizing that trade and profiting off of your IOU by simply absorbing the costs of buying and selling. + +Previously, there have been reports of transfers to Computershare showing an inconsistent or outrageous cost basis but generally it was considered erroneous record keeping or petty tactics by establishments such as Robinhood. However, the cards are beginning to show that perhaps these were signs of a bigger play that is now showing it’s desperation. + +**Why This Matters** + +I don’t care if you’re an ape or not, this is a threat to the market structure and the freedom we enjoy in a capitalistic market. I am an investor and you’ll see that I do engage in GameStop related subreddits. However, I have been trading for more than 20 years and while I may not know the intricate details of the backend of brokerages, I do know when something is amiss. + +At what point do you suggest that providing an IOU and not having a share available that you paid for is acceptable? How far does your flexibility go to say that I am okay with a corporation telling me they’re buying a share for me and holding it in their name, to instead taking my money for a promise to pay yet engaging in market manipulation tactics such as trade internalization and use of market makers that avoid lit markets when it advantages their bottom line? + +**What Now** + +This is the part where I am supposed to say “go buy GME and buy through Computershare!” But, while I do believe that is important, it’s also important to recognize that the act of reversing share transfers and preventing initiations seems precariously similar to “turning off the buy button”. The question is, if they are giving you an IOU, what happens when the music stops and you own a bag of pieces of paper? + +I am not asking you to buy or even support GME with this post. I am imploring you to recognize that games are being played with your livelihoods and financial lives. Recognize that turning off the buy button and reversing and blocking transfers are signs of things to come that we have never experienced in our lifetimes. I’m worried for you, I’m worried for me. Just please, don’t ignore what you’re seeing on Reddit, don’t be just a bystander. Look into this and if it scares you and seems wrong, reach out to your congressperson(s), consider where you hold your shares and whether you’re getting IOU’s or real shares. Consider propping up authors that aren’t afraid to be heard. + +**What I Think** + +I’m going to say it: I think the end is near. What does it mean? I don’t know. Ultimately we know that there is a decision being made by a clearinghouse to prevent individuals from transferring potentially non-existent shares into their own name. + +The question I have is why do they care? I would suggest based on the above conclusions, that each individual that transfers their shares forces the clearinghouse to pay up and buy a share of what is being transferred (since we think its just an IOU). Further, if you believe the concept that certain stocks 👀 are lended out repeatedly well beyond the actual existing shares based on an IOU, the concept would make sense that each transfer is impacting the clearinghouse many times over. + +What if each share transferred results in the need to locate, say, ten shares that have been rehypothecated through naked shorting? For the clearinghouse to follow in the footsteps of their buy button turneroffer friend Robinhood, they must be pretty concerned about whatever impact it is having. + +Perhaps in dire circumstances, the consequences are simply a part of self-preservation. Ask yourself, what business would make a decision to knowingly obliterate their reputation if it wasn’t for a true dire need? Sometimes, the simplest answer is the correct one. Time will tell. + +Please see the critical reading list below to get started: + +Apex Blocking Transfers: + +https://www.reddit.com/r/Superstonk/comments/s8trpt/ally_and_apex_are_about_to_fuck_every_ape_who_has/ + +Catching up on GME: +https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/ + +What’s Rehypothication: +https://www.reddit.com/r/Superstonk/comments/nl4agt/rehypothecation_si_why_volume_can_spike_from_lows/ + +Susan Trimbath (knows all about naked shorting): +https://mobile.twitter.com/SusanneTrimbath?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor + +GMEDD (Ongoing Updates of The Saga): +https://gmedd.com + +The Compendium (if you want to know it all): +https://fliphtml5.com/bookcase/kosyg +[https://www.bloomberg.com/opinion/articles/2020-10-31/personal-finance-what-if-stocks-don-t-always-go-up-advice-for-young-investors](https://www.bloomberg.com/opinion/articles/2020-10-31/personal-finance-what-if-stocks-don-t-always-go-up-advice-for-young-investors) + +This article is definitely concerning and brings up some good points. I don’t know that you can bet on tripling your investment, but I feel safe assuming that it’ll grow considerably given that many people’s current cost basis is based on the fire sale that the COVID recession brought at the beginning. And really the market is doing so bad right now because COVID cases are rising because it’s winter, but once it starts to heat up and COVID cases aren’t spiking the way they currently are I’m sure the market will regain some territory - or at least not be pinned down the way it currently is. And it seems like his assessment was generally a response to the conventional advice that you can guarantee returns by investing in an index fund that follows the S&P 500 or investing in the big tech companies (and there is definitely a concern that they could be harmed by anti-trust suits). But I think it depends on what you’re investing in. + +Like if you’re in airlines they’re directly affected, probably more than any other industry, by COVID restrictions. Their earnings have been shit because of it and once people aren’t afraid to travel I just don’t see how their earnings and then share value don’t go up. If you wanted to hedge against the sort of losses he talks about I would probably sell once they start announcing vaccines coming out because I’d be surprised if the market didn’t drive prices up with their optimism that that means everything is going back to normal. On top of that, when he says that the market in 2012 still wasn’t above its 2000 peak it’s a bit disingenuous because when you look at the S&P over the past 20 years he’s right, but 2000 was a peak (at about 1491), then after a dip, the market went to a high of about 1535 in 2007, then the market crashed in 08 and started recovering and he just picked an arbitrary point in that recovery that proved his point but which became irrelevant the very next year, in 2013, when the market DID exceed 2000 levels and then boomed over the next 7 years to more than double what it was in 2000 or 2006. + +Regarding what he said about big tech companies, yeah I would probably stay out of tech. Those companies already have such a high share price that I’ve always been skeptical of jumping in anyway. He also says globalization is in retreat, and I think that’s a bit of a hasty conclusion. I think we’re definitely at a crossroads where we’re trying to determine if we’re going to dive headfirst into a more globalist orientation or retreat and be more isolationist, but I’m skeptical that in the longer term we aren’t going to be more globalist in orientation. But I do think we’re in for a bit of identity seeking as it pertains to whether we’re going to be more globalist or isolationist, because if you recall TPP had pretty steep opposition on both sides of the aisle - but not so much that Obama wasn’t willing to pursue it. And I think the luster of isolationism has probably been tarnished a bit by Trump. Though globalism is really one of those things, just like anti-racism and shit like that, where this election seems to sort of serve as a referendum on it. + +Trump is certainly not a fan of globalism, but Biden seems at least more globally oriented and has at least in some cases shown an inclination towards reviving Obama-era policies that Trump dismantled because Biden was part of the Obama era so his legacy is sorta tied up in that as well, and one of those policies was TPP. As far as workers demanding a fairer split of capitalism, that’s fair. I do anticipate things like wage hikes, but that could also result in people spending more because they have more (i.e. Keynesianism). I also think it’s a fair point about the aging demographics thing. It makes sense that boomers would want to divest themselves of riskier stocks and people just haven’t been having kids as much as they used to, so the working-age population is surely going to feel that bite at some point (though I’m not sure when). However, the US has long been an exception to the rule of shitty population growth rates in the west. In general, we don’t have a ton of kids, but where we have historically differed is that we attract a lot of immigrants so our population grows that way - and Biden has already stated that he’s going to be reversing some of Trump’s immigration policies. + +&#x200B; +**Target is an Online Big Box Juggernaut** + +Target is a big box store that I am sure many of you visit and shop at frequently. Target in recent years has shifted to a hybrid approach to their business strategy where they not only sell items in person but online. Target is currently down 17% from their all time highs that they had in November of 2021. Target is currently sitting at an attractive 16.71 PE ratio while the average PE ratio for the SP 500 is 26.59. Looking at earnings you would think that TGT is undervalued but let's dive deeper since PE ratios don’t tell the whole story of a company and can be deceiving. TGT has beat quarterly earnings for the past 10 quarters which suggests that analysts remain bearish on the company. + +**Let's go shopping** + +Since Target launched their same day delivery services in 2017 their EPS has grown from 5.01 to 10.26 current day. Target has also found ways to interact with their shoppers when they introduced Target Red in 2018. Target Red allows shoppers to earn 5% off their Target purchases but the interest rates are 23% on their cards and allows Target to collect data on their shoppers. To be clear TD Bank of USA manages the credit cards and Targets main benefit is the data collection of their customers. + +**FUNdamentals** + +Debt:**10.64 B** + +Free Cash Flow:**7.88 B** + +Div Yield (FWD): **1.63%** + +Annual Payout (FWD): **$3.60** + +Payout Ratio: **27.17%** + +5 Year Growth Rate: **6.38%** + +Dividend Growth: **53 Years** + +Target has a low payout ratio at 27% which gives plenty of room for the company to continue to increase their dividends. With the average yield for the past 4 years being 2.54%.Their last dividend increase was in 2021 when the dividend was increased by an insane 32%. I personally am a dividend growth investor. The growth of Targets dividend has been impressive and wildly slept on by many investors. There is plenty of security with their status as a dividend king (50+ years of dividend payments.) The dividend growth rate gives young investors with long investment horizons an attractive compounding interest, even with the yield sitting at a low 1.63% your yield on cost will grow exponentially if you hold this company for 10-20 years. + +**Past doesn’t make the future a guarantee but it can tell the story of where a company is heading** + +&#x200B; + +https://preview.redd.it/icviqrqydbc81.png?width=1183&format=png&auto=webp&s=4d71e0a1bd8beced1f01cd82b2231fc8610abd21 + +Here is a retrospective look from Jan 2007 before the housing market crash when the market was on a strong bull run. I picked this time period because it’s not a cherry picked low for the company but a high that took over 5 years to make any gains on your investment. A $1,000 investment would have increased to a whopping $4,142 in gains ($5,142 in total) at the time TGT was paying $.14 quarterly in dividends $.56 yearly to now $.90 quarterly $3.60 annually an increase of 642% over a 15 year period averaging a 42% per year dividend increase over the past 15 years. + +**Risks** + +Back in 2020 when the pandemic first started TGT saw their earnings go to almost 0 where the economy was paused but they have quickly recovered and have little to no current risks. One could possibly argue debt to cash flow is a bit high but they can easily pay it down. They are a growing company so it is to be expected that they leverage their capital to continue to expand. With Covid-19 being a non factor to Targets business there are few threats to this company. + +**Plop your money here and forget it** + +My investment thesis of target is it is currently at a discount, if the company was valued at market average it would be priced at $351.11 a 26.5 PE average. With the market being so expensive currently Target offers great value for a consistent/growing company with strong fundamentals. Target should easily be priced around +$300-351. I think Target is one of the highest quality companies in the world with many of its shoppers highly dedicated to shopping there. They continue to beat expectations and return growing dividends to their investors sets investors with a company to buy and hold for decades to come. TGT has continued their share buybacks which further increases the capital appreciation to their investors. Combining the dividend growth and share buy backs this company is a long term play. Target has the honey to attract the bees it’s only a matter of time for investors to come to their senses about this company. + +Disclaimer: I do own shares of Target and this is not financial advice and only making my own investment thesis public for others to read. + +I look forward to reading your thoughts on Target +(From Twitter) + +“Well, my last Big Short got bigger and Bigger and BIGGER too....$TSLA $60 billion increase in market cap today alone...1 GM, 2 Hersheys, 3 Etsys, 4 Dominos, 10 Vornados...enjoy it while it lasts.” + +What’s it going to be - broke Burry or Big Short 2 in cinemas 2025? + +Are any of you considering a similar angle? Would take an awful lot of bottle to see this one out... +No clue why my two bozos got up to but late last night my two dogs come in and one is limping and can hardly put weight on his back leg. + +He had to be knocked out for x-rays and I spent about an hour today thinking he probably tore his ACL and needed fairly expensive surgery. + +Knowing I could just write the check and not have to worry about anything but getting him well was a good feeling. + +Thankfully it is just a really bad injury to the knee where he stretched out two ligaments but did not tear it. He's going to be fairly grumpy to be on very restricted activity the next 3 weeks but he'll be ok. + +&#x200B; + +Edit Re: Pet insurance. + +I figure a % of my emergency fund is for them. + +When you adopt not-puppies the cost goes up. With 3 older dogs the per month cost is kind of crazy. + +I figure I self insure. Even with my last pup who was definitely a frequent flyer I still came out ahead when I looked at expenses vs premiums. + +Maybe if I ever had a puppy and could lock in those low rates? Yeah, but I'm never going the puppy route again so... +I was wondering if we could talk about this post here. I’m a boring VEQT investor for the most part, but I happened upon this post and it seems pretty insane. Am I tripping out or should we all be concerned? + +Happy to hear any analysis and/or discussion that could help me out. I have most of my life savings in the stock market and I’m a little worried about where it will go. Thanks in advance. + + +https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +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! + +Long term investing works and lead me to another record year. I was hoping to hit $15,000 this year but invested a bit more in growth names this year rather than dividend payers. + +Graph of [progression is here](https://i2.wp.com/timeinthemarket.com/wp-content/uploads/2021/01/2020-Dividends-1.png?ssl=1) from where I started tracking. Pretty good growth y/y. + +Most of my money is in simple index funds with 20% of my stock funds in individual stocks(20% max per my investment plan). I don't specifically invest in dividends and in fact this year I focused more on growth names/spacs but I love tracking dividends anyway. + +You can kind of see the ETF/Mutual Fund concentration in my [monthly results right here](https://i2.wp.com/timeinthemarket.com/wp-content/uploads/2021/01/December-2020-Annual-Dividends.png?ssl=1). + +Tax wise, most of my early investing was via my 401k and Roth IRA but that's expanded into taxable accounts in recent years. Still, 68% of my dividends are tax-free. + +Everything gets reinvested and helps me grow my dividends year over year. I do plan to return to more dividend concentrated invest in 2021 as growth names have already profited me a ton and I have a harder time justifying valuations. + +I like to keep things simple and have just been investing in a bucket of [dividend aristocrats via M1 Finance l](m1finance.8bxp97.net/okjNO) lately to grow my monthly dividend income outside of my regular monthly ETF investments. I might also create a more active dividend pie this year to focus on companies I really like that grow dividends and might not be reflected in the dividend aristocrats. + +Overall, key to results is to keep things simple(index funds,etfs), keep investing as often as you can as long as you can, grow your income so you can invest more and re-invested everything you get. I'm 36 now and well on my way to keep this growing well into my 40s. If you're young, don't focus too much on yield and focus instead on dividend growers who can still afford to reinvest a lot of their income into growth beyond the dividend. My best successes are buying companies with low yields that have grown dividends a ton and appreciated in price a ton(UNH, APPLE, MSFT, COST, HD are good examples that have done this historically). + +I'm still focused on growth and price appreciation over dividends so my yield isn't overly high(sub 2%) but yield on cost on a lot of these is a lot higher than that since I've had a ton of price appreciation in the past few years. + +Excited to see what 2021 brings and I'm definitely busting through 15k this year. + +EDIT : Current Portfolio is 862k. It was 706k at the start of 2020(down to 620k by April). +Long story short: rented to adult couple who are heavy smokers. Fresh Reno. They were alerted to the no smoking policy when lease was signed. I know they have smoked in the place, had a maintenance man tell me they admitted it. + +I have smelled the stink of smoke in the basement suite (they are upstairs) but no physical proof. + +I suppose waiting for the lease to run out is the easiest, but what if the cost of re paint/etc is more than the damage deposit? How do I prove they were smoking? Why would a judge believe the landlord over the tenant, if you can't prove the stink to the judge? +I recently joined the senior leadership echelon (skip level is CTO of 5000 person public tech company) and I struggle to find the balance of doing well at my job, WLB, and keeping it real. It seems like the higher you move up, the more it requires you to not only "fake it" but also fake it all the time, until you a) reach your financial target so you can RE or b) quit. Obviously there are some people who truly enjoy it so kudos to them. For the rest of ya'll, are there any tips for how to manage this facade you have to maintain? + +It's also hard for me to just be crap at my job because as a manager/leader, my org depends on me and it's hard to not internalize letting people down and being a dead weight leader. Any tips on how to manage that burden over time? +Looking at BBBY pop off and seeing the effect it has on GME. Makes me so proud of the DD writers of old. Who theorized the ways this would play out way back last century in 2021. To see what’s happening in the markets now. It’s on the backs of great DD that the wilder everything gets, the more zen I feel. Truly the ending has already been written. + +Now we just wait for the rest of the world to slowly peel back the layers and see the markets as the fraudulent entities they really are. Once GME goes off it doesn’t matter what propaganda anyone tries. There is really only going to be one thought in anyone’s minds: “Huh, I guess they were right.” + +Then comes the hard part. Peruvian Bull gave us the hyperinflation DD. The big picture stuff. Anyway, cheers to the DD writers including the OG DDer himself, Roaring Kitty. +One of these will be the anchor to my portfolio. I always hear a lot of, "Just invest in the S&P 500 if you want to yield what the market yields,"which would be VOO, but then I see a ton of VTI or VT recommendations on here. + +Do any of you have the time to give me some pros and cons or your personal opinions? 34 years old and hoping to retire by 60. Making 102k salary right now, 20% saved via 401k and Roth IRA. About 68k saved right now. I don't know if any of that matters, but I figured I'd offer some context. + +Thanks for your time. +We've been through this a number of times. But somehow, some apes think THEY are going to be the ones to finally shine the light on the situation and there is no way they can be manipulated. + +This is MSM's bread and butter, you will not win. MSM will promise you fair coverage, whatever it takes to get you ranting about GME. Then they will rip all context out and flame the shit out of you making you look regarded in the process while making RC and GME look bad as well. + +Then you will come here being like, I DIDN'T KNOW I THOUGHT IT WAS GOING TO BE AWESOME! THEY TOOK ME OUT OF CONTEXT! + +The point is, YOU SHOULD HAVE KNOWN! + +Love ya, mean it. Hang in there everyone. +The deal was announced on Jan 18th 2022. In the announcement Microsoft said " The deal is expected to close in fiscal year 2023 " their fiscal year 2023 starts July 1 and ends June 30. The current price of ATVI as I'm writing this is 75.04, that means spread is 26.59% but that is for 9 months, it is ≈ 35% annualized. We know Buffett bought 9.5% of the company expecting the deal to go through ([https://www.cnbc.com/2022/04/30/buffett-berkshire-owns-9point5percent-of-activision-blizzard-shares-in-merger-arbitrage-bet.html](https://www.cnbc.com/2022/04/30/buffett-berkshire-owns-9point5percent-of-activision-blizzard-shares-in-merger-arbitrage-bet.html)) and Satya Nadella recently said that he believes the deal to go through as well([https://www.bloomberg.com/news/articles/2022-09-22/microsoft-ceo-is-confident-about-activision-deal-approval-handling-of-economy](https://www.bloomberg.com/news/articles/2022-09-22/microsoft-ceo-is-confident-about-activision-deal-approval-handling-of-economy)). I think this arbitrage bet offers a strong opportunity in the current bear market, especially given that Microsoft would only rank third in terms of gaming revenue after Sony and Tencent if the deal closes. I recently made an investment in ATVI and anticipate the transaction will close as well. What are your thoughts? + +&#x200B; + + I also talk about this in the end of my last video. Here is a link if anyone is interested: [https://youtu.be/XXkgdBrdoeM](https://youtu.be/XXkgdBrdoeM) +TL;DR – For >1 year investments, lower annual costs for ETFs **cover up** for the higher transaction costs due to price-iNav mismatch. + +Update: as [/u/srinivesh](https://www.reddit.com/u/srinivesh/) pointed out, Tracking error includes TER. So while calculating the annual costs - have only considered the tracking error now. + +Hi everyone, + +Basis last 5 yr market returns, and personal preference I have decided to move to **passive investing**. Now in passive investing, I had 2 options **Index funds and ETFs**. Have gone through this forum as well as numerous reports mentioning Index funds are better primarily due to liquidity available + lower transaction charges so decided to test it out. + +In the last week, have monitored the iNav and prices for the top ETF (by volume) and the variance ranged from 0.05% (rest) to 0.25% (Nifty Next 50, IT, Bank) + the volumes were on par with a nifty 20 stock. This got me thinking, **IF in fact ETFs could be the better choice**. *\[iNAV to price difference was done manually, in case of better method, do share\]* + +Have drawn up the summary of the Annual + Transaction charges for ETFs vs Index funds. **DO let me know what you guys think about this and if I am doing this right** + +**Assumptions**: + +1. Only the top ETF, Index fund considered – primarily by AUM + (for ETFs) daily txn volume +2. Annual costs include Total expense ratio (TER) + tracking error. +3. Tracking error would be negative for MFs – as they need to hold cash for redemption, and could be positive or negative for ETFs. Have assumed the worst case for ETFs with tracking error leading to lower annual returns – thus have added tracking error to the annual costs. +4. Transaction costs include STT + Stamp for MF, and STT + SEBI + Stamp + Transaction + Brokerage charges for ETFs. + +a) Additionally, for ETFs, have added the spread as transaction cost – 0.25%\*2 = 0.5% for JuniorBees, NETFIT, Bankbees and 0.05%\*2 (buy&sell) = 0.1% for rest + +b) For Mutual funds, given the recent changes, the NAV for SIPs would be at best T+2 *(One click mandate T+2 settlement),* thus we are losing out the returns for atleast those 2 days. Have added the impact of 2 lost days (assuming simple growth rate) + +c) STT = 0.001%, Stamp = 0.005%, Brokerage = 0 (discount brokers), SEBI = 0.015%, Transaction = 0.0069%+GST + +**Analysis:** + +|Index|ETF|Annual costs (tracking error only)|Transaction costs|Index Fund|Annual costs|Transaction costs| +|:-|:-|:-|:-|:-|:-|:-| +|NIFTY 50|NIFTYBEES|0.18%|0.12%|UTI|0.30%|0.10%| +|Nifty Next 50|JUNIORBEES|0.22%|0.52%|ICICI Prud|0.45%|0.10%| +|Nifty Midcap 150|NETFMID150|0.63%|0.12%|MOSwal M150|1.10%|0.12%| +|Nifty Small Cap 150|N/A|\-|\-|MOSwal S250|1.07%|0.09%| +|Nifty IT|NETFIT|0.13%|0.32%|\-|\-|\-| +|Nifty Bank|BANKBEES|0.86%|0.32%|MOSwal|2.20%|0.12%| +|Nasdaq 100|N100|0.21%|0.12%|MOSwal N100 FOF|0.64%|| +|S&P 500|N/A|\-|\-|MOSwal S&P|0.49%|| +|China|N/A|\-|\-|\-|\-|\-| + +&#x200B; + +# This clearly shows ETFs will make up for the higher transaction costs post 1 year of investments due to lower annual costs. And, for a 20 year period, this can add up to 5-15% in additional returns. Have I missed anything here? +✅🔥 NEW DXSALE LIVE 🔥✅ + +&#x200B; + +[http://dxsale.app/app/pages/defipresale?saleID=2356&chain=BSC](http://dxsale.app/app/pages/defipresale?saleID=2356&chain=BSC) + +&#x200B; + +⬇️ 0.1 BNB minimum + +&#x200B; + +⬆️ 5 BNB maximum + +&#x200B; + +🍿🎥 SURPRISE DEVELOPER VIDEO AMA 🎥🍿 + +&#x200B; + +[https://www.youtube.com/watch?v=kN4PdR4IRk8](https://www.youtube.com/watch?v=kN4PdR4IRk8) + +&#x200B; + +🔒💰 PRIVATE SALE FOR ORDERS OVER 5 BNB ONLY 💰🔒 + +&#x200B; + +Send BNB to this BSC Address and fill the form: [https://forms.gle/Gvk7trNEAfyVe8Z5A](https://forms.gle/Gvk7trNEAfyVe8Z5A) + +&#x200B; + +0x6ae6523e739229d24B0043F36B8734eee61A448D + +&#x200B; + +Introduction + +&#x200B; + +Velorex (VEX) is a decentralized finance token built on the BEP-20 platform. At Velorex we aim to facilitate global adoption of our cryptocurrency by introducing Debit cards and Smart Wallets that dynamically interact with a variety of Web3.0 and related programs within our block-chain from 2022 onward. + +&#x200B; + +Currently, our primary focus is geared towards the implementation of the VEX token into a real world application in the form of essential innovative decentralized services. This will be realized by the 'VEXchange' which is being developed concurrently and will enable our users to experience low cost, high speed purchasing of products & procurement of services through the global online marketplace while providing a decentralized payment gateway, transfer protocol and asset storage capability for VEX token. + +&#x200B; + +Our Technology Makes It Work + +We listen to you! + +&#x200B; + +We work with our community and listen to your opinion. We value every member of the community and we treat each other with respect. Our goal is to get into the top #50 cryptocurrencies by the end of the year, and we want your suggestions & opinions! + +&#x200B; + +We value you! + +&#x200B; + +We developed VELOREX Reward System (RS) to show our appreciation for every token owner! Every holder will be rewarded automatically whenever a transaction is made. The reward is 2% on each transaction. + +&#x200B; + +Community based + +&#x200B; + +We develop for the community and we need your insight and opinions to make sure we are delivering exactly what the public wants! + +&#x200B; + +After our dev/mod meeting yesterday, we believe we have come up with a strong and fair plan for the next pre-sale and the continuation of the project following the launch. + +&#x200B; + +Here the some bullet points along with the clarifying information below them: + +&#x200B; + +• New DxSale has a 400 soft/800 hard cap as before. We have extended the sale to 48 hours. + +&#x200B; + +• On launch, 10 million tokens will be reserved for marketing and development needs. + +&#x200B; + +• On launch, we will lock all tokens for all pre-existing holders (\~350m) for 1 month in an airdrop wallet. + +&#x200B; + +We will provide proof of this immediately upon locking. + +&#x200B; + +• Following the unlocking of the airdrop wallet, we will then distribute 10% of all pre-existing holders tokens per week for 10 weeks. Example: If you had 1,000,000 tokens, you will be airdropped 100,000 tokens 1 month after launch. You will then receive 100,000 tokens per week until your original 1,000,000 is fulfilled. + +&#x200B; + +Please see explanation below for clarification on why we made this decision. + +&#x200B; + +• One last thing to incentivize investors to buy into the presale will be this: We will have 9% tax on all transactions (2% burn, 2% redistribution and 5% charity wallet). From the 5% of the charity wallet, 50% of that will be airdropped to ALL PARTICIPANTS IN THE PRESALE as a sign of good faith until the aforementioned 1 month lock on existing holders tokens has concluded. The other 2.5% will go to LP. + +&#x200B; + +We made these difficult decisions for multiple reasons. The main purpose of this plan of action is to protect the new investors from dumping at the launch of the new contract. As many of you know, Janos ran off with a very large chunk of the communities BNB and thus we are starting from scratch as far as liquidity goes. + +&#x200B; + +With this plan in place, we will ensure the safety of all new investors while still maintaining our commitment to all pre-existing holders. The filling of the presale is largely hinged on garnering new investors and we need them to feel secure in their financial position within the Velorex community. + +&#x200B; + +On top of that, by allowing the project to mature and grow in value during the locking period, we will ensure significant progress can be made on the utility of the project as well. We are still hard at work on the development of the Velorex debit cards and ATMs, rest assured. + +&#x200B; + +Thank you everyone who has been patient with us through this difficult and unforeseen situation. We look forward to continuing our journey together to make Velorex a success 💎🙌 + +&#x200B; + +Thank you from the developer and moderation team - join in on the presale now! + +&#x200B; + +Links⬇️ + +&#x200B; + +Website: [https://www.velorex.net](https://www.velorex.net) + +&#x200B; + +Telegram: [https://t.me/velorex\_cc](https://t.me/velorex_cc) + +&#x200B; + +Dx-Sale: [http://dxsale.app/app/pages/defipresale?saleID=2356&chain=BSC](http://dxsale.app/app/pages/defipresale?saleID=2356&chain=BSC) +Hi all, + +Some background: I'm a communications associate in NYC making $55K. I recently found out that my department had been willing to pay me $60K, but I asked $55K (I hate when this happens!). + +NOW: I've been there for two years and I've taken on some BIG tasks that go beyond my job's original description. One of the biggest ones has been copywriting the CEO's weekly emails to all staff/board. I feel like I'm grossly underpaid. I recently looked and they're hiring two new positions in my department (which has decreased due to people leaving). For these new positions, both associate level, they're willing to pay anywhere from 60K-65K. + +Now, I think I deserve to make just as much, if not more, given my responsibilities. Part of me would like to ask for 75K, as that feels like a decent amount more than the new people, respective not only of my tasks but also my longer time there. + +Is that reasonable? Or will I be laughed out? +Edit: Thanks for all the input! I will try and get on to Tenants Victoria or Consumer Affairs Victoria and run it past them as well. I will also try to understand the landlord's reasons in a bit more detail and genuinely try to be reasonable without accepting any outcome I'm less than happy with. I'll post again in a couple of weeks with an update for those interested! + +------------------ + +Hi AusFinance, I see a few of these posts from time to time but was surprised to get a call from the REA this morning asking me to move out by July. + +Context - apartment in Melbourne not far from the CBD, I moved in February on a 12 month lease and have had no issues or conflict with the REA or LL so we are good terms. I know LL is a small business owner so I'm assuming they are doing this for financial reasons but I will ask them to clarify before we negotiate anything. + +REA mentioned if we can't come to an agreement that LL can go to VCAT, does anyone have experience with this and know the likely outcome if I refused to move before the end of the lease? + +Ultimately I don't mind moving given I would have to move next Feb at the latest anyway. I'm aware I picked up this place for pretty cheap rent so I'm worried I'll have to pay a bit more for something similar. The LL is open to negotiating some sort of compensation, I will go hard to cover moving costs, risk of higher rent for the next place and general inconvenience, especially given their alternative will cost them a bit. + +I will do my own research as well but keen to hear any insight or experience you have! +It occurred to me that the concept of writing covered calls to "lower cost basis" is just psychological trickery. When you write a CC, you net some premium. That premium, however, is completely fungible. Cash is cash. Cash does not carry a memory of where it came from (except for tax purposes). You could just as soon say "I sold CCs on AAPL to lower my cost basis on my MSFT shares." The reason people don't say that is because of narrow framing bias, where they view individual positions or tickers as separately existing atomistic entities segregated from their portfolio as a whole. + +In fact, let me be bolder. You can even say... + +"I got a raise at work in order to lower my coast basis on MSFT shares" + +"I sold my Tesla to lower my cost basis on TSLA shares" + +"I won a scratch off lotto ticket to lower my cost basis on GME shares" + +...and it would make just as much sense (tax implications notwithstanding). *Money is money.* + +Which is to say you aren't lowering your cost basis at all. You're just generating income. If you placed a bet on a coin flip, lost once and then won twice, would you claim that you won three times? Every time you enter a play, you CHOOSE to enter that play, specifically. The choice to long stocks/LEAPS and the choice to write CCs against stocks/LEAPS are fundamentally two different choices. + +Why do I bring this up? Because I think the way people relate to CCs is fundamentally dangerous. People feel that once they enter a position they are somehow obliged to at least break even before they're allowed to exit it. But this simply isn't true. Every play has an opportunity cost. Ignoring that may make you feel better, but it won't actually maximize profits. + +And of course the same is true of CSPs. +i wasted my 20s drinking and bartending. nothing to show for it. got sober and went back so school at 33. just graduated and landed a decent govt job that pays 20/hr now, but will top out at 26/hr in 4 years. i also work at restaurants on the weekends and can make 1500-2k a month doing that. i have 20k left of student loan payments and i could squash that by the end of the year. 12-18 months from now i should have apx 25k to put down plus 10k reserves. my credit score is over 740 and increasing all the time. rothIRA is maxed, and 6k set aside to plop in there on jan1st 2022. getting the full match from my company 401k, but nothing over that. im finally living life the responsible way now at age 38. better late than never, im told. so my question is how realistic is it for me to daydream about owning 4-6 rentals in the next 10 years? my goal is to have about 4k a month profit from rentals eventually. i live cheap, no kids, no vices. currently renting but i wanna buy my first duplex within the next 18 months. 150k is apx my range for a first property i think. i dont wanna get too deep with debt. i know i dont wanna take the silly Dave Ramsey approach, but im also trying to play it smart and not lose my ass. i dont wanna start from square zero again. anyone got any realistic frameworks/outlines of a potential vague timeline i should be following? sometimes i feel like im getting my life started so late that i just dont wanna fuck it all up again. any books i should be reading? penny for your thoughts! all constructive answers welcome. thanks for your time! +https://twitter.com/jmwind/status/1250816681024331777 + +Goes along with what WIX said the other day about their belief that their platform would fare well in an economic crisis (WIX letter to investors on 4/13: https://5414c2cd-af59-4a47-a3e3-ef0b620af461.filesusr.com/ugd/9a25f2_677ae7b43b894ed5b95158302dda63c0.pdf) and they were already seeing evidence of that with the traffic/engagement they were seeing. + +Said in this thread two days ago: https://old.reddit.com/r/investing/comments/g1ebgm/shopify/ + +That if Wix was seeing increasing engagement that Shopify would likely also be. If Shopify is seeing this level of traffic, imagine what Amazon is seeing. If people aren't in stores, they're apparently still very much online. Stock already way off the lows of March, but in any case an interesting note that they are seeing that level of traffic now on a daily basis. E-commerce benefiting during this and likely to get a long-term boost. +We are being manipulated. It is clear as day. They have Psy ops teams working on us and how to break our morale. They want to make us think they are succeeding. Don't give them the pleasure. + +The only thing I'm quite sure at the moment is that Madie is an agent and they have successfully manipulated the mod team into thinking she is not. She or the team of people behind her must be really skillful and convincing. From the outside it is clear that nothing adds up and she is a plant. Don't blame the mods, they are probably getting mindfucked by a skillful team of psychologists. That + Human mistakes have made the situation to spiral out of control. + +Aside of that nothing changes. Join to all the subs. You don't need to choose. If you have a good meme you can even post in all them at the same time. They want to make us think that we have to divide and choose or something. It's bullshit. + +The DD is as solid as ever and the SHFs are digging themselves deeper and deeper everyday trying to control the financial shitshow that they have created. Their only way out is with this drama crap we are all seeing and demoralizing us. They want that we lose trust and faith in each other. + +As for me, I like the stock and they are not getting my shares by any means. They are clearly salivating for them and that makes my grip tighter than ever. + +Be excellent to each other apes. Be kind and hold with your life. Don't fall for the bullshit. + +💎🤲 +The original post with 100+ upvotes is here: [https://www.reddit.com/r/smallstreetbets/comments/ngieos/i\_built\_a\_tool\_that\_curates\_all\_dds\_posts\_on/](https://www.reddit.com/r/smallstreetbets/comments/ngieos/i_built_a_tool_that_curates_all_dds_posts_on/) + +Got another 200+ upvotes when I posted in r/smallstreetbets yesterday so I thought I would share it here with you all. + +&#x200B; + +TL;DR: + +* **What is this?** I built a tool that scrapes & curates all 'DD' posts into a neat little database, and has turn it into a website now. +* **Why did I built this?** To dig through the memes and "To The Moon" posts that are infesting all the investing subreddits these days. +* **Why should you be interested?** Reading through DD posts on Reddit is what led me to discover stocks like Palantir and Mind Medicine etc. + +&#x200B; + +**You can find the tool here:** [**StreetBets.co**](https://streetbets.co/) **. Appreciate any feedbacks!** + +**I will appreciate if you could drop your email address at the site so I can work with and keep you updated on upcoming features for the site.** +I'm also seeing that mods are banning people asking why. + +https://imgur.com/gallery/lXMwNbO + +Of course, we already know why: + +https://dailyhodl.com/2021/12/21/polygon-matic-creates-200000000-fund-with-reddit-co-founder-to-back-games-and-social-media-on-blockchain/ + +This is not a call to arms. This is not a post to condone brigading, but something needs to be done about the blatant censorship from power-hungry mods. + +Take to Twitter. Take to Discord. Spread the word because the cryptoverse is ~~comprised~~ compromised on Reddit. + +EDIT: the prevailing narrative seems to be mods went with a scorched earth strategy on bans to mitigate brigading and multiple posts. + +**This does not explain why the initial announcement post was deleted and all the comments nuked**. + +Mods banned and muted me lol +Did you know there's an electrician shortage? Did you know you don't have to pay to become one? (Well. You'll have to pay for books and tools but hey) That you can actually get paid more than minimum wage to work and learn on the job as an apprentice? The Joint Apprenticeship and Training Commitee, or JATC, have an office in just about every major city you can think of. They'll start you off at 50% of a journeyman's pay in your area to work and learn on the job, and you'll get a raise about every 6 months if you're consistent! In my town the JATC would start me at $9.85, and as far as I know that's actually a little! My cousin lives in OKC, the apprenticeship there starts at $15.90!! keep in mind this is a 5 year commitment, it is a career after all. But after those 5 years you have a career. You'll have a long lasting trade that won't go anywhere for a very long time. I'm always reading people being recommended to become a welder, or trucker and that they make killings. Although I agree they make way more money than I do, look it up, those guys are on their way out. their jobs are gonna be automated sooner rather than later. I'd hate for you to take a year or 2 to become a trucker just to lose your job in the next decade. But electricians and plumbers are looking like they're gonna be the last trades to be automated. since electricians get paid a hair more than plumbers, maybe try checking out the JATC in your area and see how much apprentices start at? Your only requirements are a diploma or GED and proof that you passed Algebra with a C or higher in your high school transcripts. If you didn't pass algebra, there's a cute little Algebra test they supply you with to get get that credit. I see people here struggling with minimum wage, or people here who can't afford school. I'm here to tell you guys that I'm in that same boat. And I just found out there's a *demand* for apprentices, meaning they're just begging us to consider it. Tests are every 6 months so if you hurry you might make it to take the January test an start by early 2019. Stay safe guys :) + + +Edit: just wanted to give you guys some info off the bat I found was important to know. The first few years are most expensive bc that's when you're buying the most books + all your tools. So expect some money to be needed for that. Also the reports that say you'll be a journeyman in 5 years and the actual requirements to take the journeyman test make it out to be 30 hours of supervised work and 5 hours of classroom schooling a week for 5 years. Depending on whether or not they'll allow you to work overtime this means you can either amp up apprentice work to progress through those 5 years faster or pick up another job to supplement book and tool fees as you wait for those first few raises to kick in. +I tried this a while ago, though I was throwing the money at options on robinhood, just to give myself something to do. Needless to say, it didn't work out. I blew a bunch of money and started smoking again just a few months later. + +Now, though, I feel like it's different. I'm honestly looking for a way to give myself a comfortable future. I'm a felon bartender with a useless degree, and the pittance of a contribution to my 401k my paychecks provide is just mathematically insignificant. What's clear to me is that I'm perfectly happy literally burning my money, so I shouldn't have any trouble spending the same amount on something with real appreciating value -- *my future well-being*. And Bitcoin, of course. + +Wish me luck. + +Edit: Y'all are giving me way more inspiration and encouragement than I was expecting. Thank you sooooo much. Monday is my official quit date and I'll keep you posted. + +Edit 2: based on a few people suggesting i buy *more* BTC *less often* -- due to fee structures I haven't figured out yet -- I'm going to do some research and come up with a more efficient method for buying than simply throwing money at BTC on Fridays, or whatever. Will update with maths and stuff. + +Also, thanks for my first gold, stranger. 😎 +When the MOASS starts my biggest fear is some of you will see numbers in the hundreds of thousands or even low millions and yeah I'm sorry but that shit just ain't going to cut it. Since the start of this (first shares bought during the first squeeze.. fomo) I've been homeless twice, had to leave school, ended my relationship and got back together like 3 times, went starving for a couple weeks, fought with friends and family trying to convince them how rigged and fucked up the markets are... +Us damn dirty apes NEED to be greedy with this. + +I know I'm not the only one with these struggles and I know some of you are going through it worse than I have since the start of this.. I'm the opposite of greedy anyone of my friends and family will tell you.. but for this.. I will be one greedy MOTHER FUCKER! WE SET OUR PRICE AND ILL BE DAMNED IF IM NOT A MULTIMILLIONAIRE AT THE END OF THIS. + +I will literally not sell one fucking share until the share price is 20mil per share.. I don't care. Before it was "yeah I'll sell a few on the way up so I know I don't miss out on any money" but that's just not how this is going to play out, not for me at least. I'm done being scared. I've got my eye on a certain number and 20 a share will get me close.. I'm an XX holder and that number is way closer to 0 than it is 100. You need to be greedy for yourself your family and every damn dirty ape that came before you and got absolutely wrecked by this shit rigged system that's got us BY THE BALLS. Be greedy. + +I love you guys more than my words could explain. You're funny comments and the camaraderie has really gotten me out of some dark places this last year or so. As always buy, hold, DRS!!! TO THE MOON🦧🚀 + +NOT FINANCIAL ADVICE + + + + +** Ok I fucked up 20mil is way too low my bad! Haha God I love you guys I feel so much more confident going into this. 69mil a share it is!!! ** +Hong Kong (CNN Business) China has decided it's time to loosen its purse strings and pump money into the economy in a bid to stave off threats to the recovery. + +The People's Bank of China on Monday said it would cut the reserve requirement ratio for most banks by half a percentage point, starting December 15. That move, which reduces the amount of money that banks have to keep in reserve, will unleash some 1.2 trillion yuan ($188 billion) for business and household loans. +The decision — the second cut to that ratio this year — came on the same day China's Politburo signaled that it may take more aggressive actions to protect the economy in 2022. The Chinese Communist Party's leadership team, chaired by President Xi Jinping, said in a statement that "ensuring stability" would be a top priority in the coming year. + +Just a rant. I'm almost 40 and in a career line where growth, lateral or vertical, is slow. It is also technology driven, so there are younger folks who will easily take over my job for much cheaper. I constantly need to reinvent myself and take up newer tasks and projects to ensure some job security. + +We live in a small apartment and our current rent is ok and the location is not too bad. We do end up saving a little each month because we live very frugally. We get as many groceries as we can from free food banks, mobile pantries, etc. But the rent goes up every year and it's very disproportional to my meagre annual pay raise. So it's only a matter of time before we will be forced to relocate to a cheaper location or live always behind payments, which has its problems. + +So buying our own house will forever be a pipe dream. I barely have an emergency fund, plus I need to save for my child's education, and I just can't see what more corners can we cut to increase our savings. As of now the only houses we may, (may being the point of emphasis), may be able to hardly afford are in very unsafe locations and food deserts. Safe location is especially important for an immigrant coloured family like us with no relatives, family, or any community or government support. + +We don't travel, hardly eat outside and when we do, it's almost always in fastfood/chain/budget restaurants. We buy clothes and toys from goodwill or through free pickup ads. We have cheap patio furniture in the apartment. We didn't even buy things like sofa, TV, desk, chairs, beds for almost two years since we moved together. The only furniture we had was a wobbly small dining table from Walmart and two mattresses on the floor. + +I don't see a bump in my income and owing to my visa situation I can't change my job easily, neither am I allowed any additional employment or any "side hustle" apart from my job. The government doesn't permit me any other income streams. My wife can't even get a job as she's on a dependent visa. So none of that is an option. + +Thanks for letting me vent here + +EDIT: + +Thank you all for your kind (and not so kind) and helpful (and not so helpful) comments. I truly appreciate it! I will address some of the common themes that came up in the comments: + +"Get a green card" - It's in process but the wait times for my country are currently running into multiple DECADES. + +"If you're on H1-B, your wife qualifies for work permit" - I am aware of that but there are conditions and we currently don't meet them. Probably 2 years down the line she may qualify under the current regulations. + +"Just get another job" - Believe me I am trying. I apply multiple jobs each week, people like my profile, I get enquiries and calls for interviews but everything falls apart when I mention visa sponsorship. I DO NOT work in the tech industry, so finding employees who offer sponsorship is extremely sparse and uncommon in my industry. I even get enquiries from recruiters with lucrative options, but it fades out once they learn I need sponsorship. + +'Get a second job or side hustles" - It's illegal, Visa Violation, and if ICE finds out, you're done for, along with your family. The ramifications and risks of that far outweigh the benefits. Getting deported and facing legal actions from TWO countries and the humiliation is NOT AN OPTION. + +"Go back where you came from" - That might be an option, but as an absolute last resort. + +'Go to school and get a degree" - I have 2 Masters degrees from US universities. One of them I did while working full-time. It helped me get a promotion and a small raise two years back. + +"Move to the country": I already live in a rural area. + +"Don't save for your child's education": I can definitely see how this makes sense. However, my child will not qualify for any of the programs, grants or financial aids due to them not being US citizens or permanent residents.. They will also have to pay a non resident fee, which can run into multiple times of a resident fee. + +"Work under the table for cash": this might get a little political, but we live in a very republican rural town with "Trump 2020", "Biden not my president", "US+Trump+ICE = JUSTICE" type of sighs everywhere. So we have a fear of someone ratting out the visa violation. + +I'll add more as I get time. But thank you again for all your comments and awards!! +Let me explain a few things to you: + +* 1) The Gnosis token sale ended at a theoretical 312.5 Million valuation. + +* 2) Only 4.17 % of all tokens have been distributed to you early investors, the other 95.83 % of the tokens is in hands of the Gnosis team. + +* 3) The Gnosis team now owns 299 million USD in artificial token value. They've invested 0 USD. + +* 4) In contrast, the investors who paid 100 % of the money, invested and own 13 million USD in tokens. + +* 5) Let me be more clear: You paid **31.25 USD** per Gnosis token and as a collective, have only received 4.17 % of all tokens. + +* 6) Now take a seat before you read number 7 + + +* 7) The **actual value** of the Gnosis tokens is 13 million USD (this is all of the actual money brought in by the investors) divided by 10 million tokens. That means each individual token now has a factual value of **1.3 USD**. + +* 8) As of now, your net result on your investment is **-95 %** + +* 9) We did warn you: http://i.imgur.com/WAVLXWE.png - You triggered the worst case scenario in this graph + +* 10) And warned by /r/ethtrader + +* 11) But you just didn't want to listen, did you + +https://www.economist.com/briefing/2019/10/05/the-stockmarket-is-now-run-by-computers-algorithms-and-passive-managers + +Unfortunately behind a paid wall but if you click through and hit ESC (on desktop) you can fully load it. + +> According to Deutsche Bank, 90% of equity-futures trades and 80% of cash-equity trades are executed by algorithms without any human input. + +> Each day around 7bn shares worth $320bn change hands on America’s stockmarket. Much of that volume is high-frequency trading, in which stocks are flipped at speed in order to capture fleeting gains. High-frequency traders, acting as middlemen, are involved in half of the daily trading volumes. Even excluding traders, though, and looking just at investors, rules-based investors now make the majority of trades. + +> Three years ago quant funds became the largest source of institutional trading volume in the American stockmarket (see chart 2). They account for 36% of institutional volume so far this year, up from just 18% in 2010, according to the Tabb Group. Just 10% of institutional trading is done by traditional equity fund managers, says Dubravko Lakos-Bujas of JPMorgan Chase. + +Basically the article argues that market investing can be compared to a skill like chess, where basic computers are better than history's best chessplayers, and computers don't bring emotion into their decisions. + +How does any human expect to outperform the market and/or computers given all this? +hello, + +&#x200B; + +if you were in your late 20s what skill set or investment did you make that help you grow your wealth and assets? trying to know what others have done in the past that help so i can learn and do the same +What are some fun stats or goals/milestones that everyone tracks? Even the pointless ones - I'm interested to hear. + +For example I track how much my dividends would add on to my hourly wage rate at my 9-5 and pretend I've given myself a raise by that much, etc + +One of the milestones I'm hoping to hit one day and I haven't seen anyone else mention is how close are my dividends to earning as much as someone who makes the minimum wage in my state, etc + +My wife and I call the dividends "Winston" and pretend he works and pays us for room and board + +Just looking for some ideas - keeping the tracking fun and interesting :) +I've a salary account is in Citibank since over a decade. Never faced any issue. Website / App is okay experience . However, post aquisition , I do not want to move my account to Axis, hence looking for options. + +Banks I would prefer + +* ICICI - Great app / portal. Swift experience in Branch. +* HDFC - Have a diners priveledge. Can I place a request for upgrade ( DCB ) tied with opening of Salary account ? + +&#x200B; + +Edit : + +I'm highly grateful to all of your for your valuable experiences, inputs and suggestions. + +The recommendations are divided with ICICI > HDFC > Kotak/Axis. I'm still exploring and will post updates on what I opted for . +I write algos that do my trading, so I hardly every actually trade manually. Last night I had literally nothing better to do so I pulled out the charts and got my little 10k account out to play with. Like three hours later I felt like my soul was dying. Basically u look at the chart, place a trade, then wait until the trade ends, and then do it again. How do you guys not go insane? +I noticed that GME (Gamestop) has been making small gains again over the last week but today it is up 103% !!! Is this the billionaires again trying their tactics to make money or is this the Reddit investor push or has something magical happened and GME is a great investment? (New to investing so trying to make sense of this huge gain) +So this market correction / correction is not new. It happens all the time. But reading the boards / forum you wold think this is something new. Heck, even the over-analyzing on CNBC makes this appear like we are in some sort of uncharted territory. + +I am new to this. I got in at the peak as well (like some of you). I was up 20% in Feb, but now down to maybe 2% up if that ( I don’t want to check). + +I am in it for the long. I still panicked, and made some changes, selling at a loss and rebuying to diversify my profile a bit. + +I think what would be helpful is to hear from people who were in this in the past , how they handled it and how they got out of the rut. + +I am also convinced the so called analysts on TV don’t know jack. Even Cramer... (as an example , 2 weeks ago he was saying PLTR was a good buy at the dip, now he is saying it’s too expensive... I mean seriously) + +Anyways, good trading day to all +I’ve joined this community some months ago and i have to admit it’s really heartbreaking to read some of your stories here. I’m full of anger and sadness knowing how one’s life savings can vanish in an instant because of astronomically expensive medical bills. I cannot fathom how some people still defend this disgusting, greedy corporate system that is slowly letting modest hardworking citizens die alone. + +The sole thought of not having public healthcare with all the medical ordeals i went through really makes me shiver and leaves me wondering if i would still be alive without it. + +This isn’t a very useful post, i admit. But i really felt the need to tell all of you currently struggling, that you have my utmost respect and admiration for trying to pull through all of this social and economic hell. + +There is always something out there for all of us. I sincerely wish you good luck, and i really hope that the clouds will disperse for all of you. +https://shortdata.ca/largest-short-positions/ + +List includes: +HITI +FLT +EXRO +NUMI +NEXE +GDNP +CBDT +FANS +DFLY +TRIP + +What are you thoughts? +Why are these retards shorting companies that for the most part, want to make the world a better place? +Ended up watching Big Short and Inside Job- still found myself clueless; Because the same terms like Mortgage Backed Securities, CDOs and CDS have been used everywhere, without any oversimplification at all. I’d appreciate if anyone can provide the gist of what really happened, without using much of financial jargons. + +(What all I know about GFC: I know that the banks started lending out loans to sub prime borrowers (people with not much credit worthiness), and those people started buying homes with that loaned money. The demand for homes shot up, thus resulting in an increased prices of the homes. Now the homes were also used a collateral by the banks in case the person ends up not paying their loan.) + +But now what? How did Credit Default Swaps, MBS and Collateralised Debt Obligations come into picture? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). 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). +Throwaway account. I am looking for advice. + +Husband/Wife in FAANGM, mid 40s. NW \~11m, excluding real estate equity, std plain vanilla index fund investing. Wife doing better than husband, career wise. For 2+ decades, we worked our ass off and were lucky all along in terms of family-health, opportunities and other externalities, never expected to come close to half of where we are - and here we are. I have done yearly expense accounting for last 3-4 years and are around \~120k - seems like we may be set for FIRE with SWR 2.5%. We are frugal but the expense may only slightly increase(if we retire and travel). We are perhaps in the peak earning years and suddenly I have lost the zeal and motivation to get ahead at work. I question everything i do, why? what's the purpose? Work is ok and it only seems like a filler, not a purposeful thing. + +We seem to be misfits in terms of our neighbors and peers, while in the same high tech industry. For example - people don't realize value of 529 planning, HSA, mega-backdoor roth or even regular roth(just barely get Roth). Most of these folks seem to find identity, validation from mega-corp work they do. To imagine that - what if they won't be working(be unable to, or by choice or not necessary) is incomprehensible. Everyone says - they will work at least for 7-10 years more - not sure if it's greed, or lack of previous planning/saving or a vacuum that they can't fill. + +What we did "wrong" + +* We barely smelled roses along the way. I regret this already. There was no need to rush to get to the FIRE destination. +* Slower journey would have kept the zeal and more time to find items to do. +* Not having cultivated any hobbies. I am struggling now. Looking for suggestions here. + +One motivational idea I am considering is to work at where i am, and contribute the next 6mo earning to charit(ies) via DAF. + +To the fatFIREd folks, - when do you get the inside "feel" to hangup? Do you wait until you have cultivated all the hobbies or other activities you plan to do later? What is the mindset evolution that happens around/after FIRE? +Do I cause someone else to lose money? If I buy a stock low and sell it high, where did the money come from and did I cause another person to lose money? +I live in an agricultural area in the US and we have a lot of farm workers here who are either on visa or undocumented and they earn pretty good money. I'm not saying the make great money but at least $100 a day easily. I recently went to Mexico City and saw that food prices were pretty similar. Some items were a bit more, others were a bit less, give or take 20% or 30% difference. Some places like our version of Whole Foods were of course more expensive but even small food markets weren't that cheap. + +Stuff that was a bit more "processed" like canned or bottled stuff was actually quite expensive. + +Anyways I later found out that farm workers there earn around $200 Mexican pesos which is around $10 a day. What I don't understand is how can it be that their pay be that much higher in the US. I have also noticed that this is the case in other lower income places. Farm workers earn less but food is around the same price as the US. + +Is it that our efficiencies are much better here in the US so one worker produces more at the end of the day. Mexico probably has less machinery, probably uses more water would that be something to consider? +In November of 2021, I had the bright idea of throwing nearly my entire life's savings into the stock market with very minimal research. As the title states, my initial investment was right around $45k and as of now, my portfolio fluctuates at the $20k mark. + +My portfolio is comprised of 73% of what I would consider as "agressive" stocks. Most of those are tech companies. The other 27% are in etfs. + +Currently, I run my own electronics business and I also work part-time (8 hours a week). I'm also a full-time college student but with grants and scholarships my tuition is practically $0. After taxes, I'm taking home about $3,000 a month with little to no "real" expenses. I'm pretty good with saving money but not sure what to do as I've put myself in a pretty deep hole at this point. + +What would you guys do in my situation? Any tips or advice would be greatly appreciated :). +Have any software engineers here made the move from a FAANG to a quant/systematic trading firm? These are some of the only companies\*\* that can significantly top FAANG comp for an individual contributor ($750k+). I'm curious to hear how they compete on the other axes, i.e. lifestyle, interest of technical work, culture. Was the reason for your move to accelerate fatFIRE or were there other aspects that enticed you? + + +I currently make \~$650k at FAANG with clear path to L7 in the next 1-2 years, and I'm wondering if the switch to quant is even something worth considering. + +\*\* feel free to name some others, if I'm mistaken +I left two good paying jobs for several reasons, mostly because of terrible employee treatment (verbal abuse, sexism, deceitful behavior just to name a few). Now I’m applying myself again in the same industry, hoping to connect with a company with better company culture. + +The work itself is fine, I don’t love it but I’m good at it and it allows me to pay the bills and save. I imagine I’d like the work more if the company wasn’t all of those things I listed above. + +This whole experience got me thinking about the folks here. How many of you are in jobs that you actually like? + +Edit: thanks for all your responses. And thanks to the mods for not removing this post as it does not directly relate to FI. I made a newb move by not reading the FAQ/sidebar, apologies. I’m out right now and will be responding when I get back. + +Edit 2: it brings me true joy to read all your positive stories. It seems to be the large majority and that’s inspiring. And as for the people in less fortunate situations, clearly were not alone. Let’s all remember to take some moments to be kind to ourselves while we work our way into better situations. +I have been looking to buy a rental lately and when looking at a SFH I noticed that it does not really make sense price wise above the $150k range, that is if cash flow is your goal and assuming you are leveraging with 20% down. + +Or another way of saying what I mean is once you go above the $150k range, the 1% rule seems to go away. + +There was one article that I cannot recall to find atm, but it was mentioning how some areas like LA a $800k+ home rents for $3k, like 1/3% of the purchase price. + +Even in other cities, like randomly looking at SLC I see a SFH for $750k. Expected rent is 2600. Why would anyone buy this home simply other than people who intend to live there. Even for those who want there forever home, they could rent it for so much cheaper. + +I understand once its paid off owning is way cheaper than renting. But if I had the ability to buy a $750k home, I would much rather invest it so I could hopefully have my dividends pay for my rent rather than paying a mortgage monthly.... + +I hope this all makes sense. It's been bugging me for a while and I cannot seem to understand. +There has been a rapid sequence of contradictory signals regarding the massively hyped tech company that is making a name for itself by claiming to have put together the world's first electric heavy truck capable of dealing with loads over 33,000 pounds/15,000 kg + +On September 8, GM announced a partnership with Nikola, further legitimizing the company in the eyes of the public. + +On September 10, MarketWatch posted a link to a lengthy document published by Hindenburg Research that contains lots of condemning evidence and even goes as far as calling the entire company a "Massive Fraud." + +I must admit I've only read 30% of it so far but it looks pretty bad. What's your take on this? + +**A word of warning**: Hindenburg Research is frequently accused of putting out sensationalist pieces that target particular companies to manipulate the market to their advantage. There have been multiple lawsuits. + +Sources: + +[https://hindenburgresearch.com/nikola/](https://hindenburgresearch.com/nikola/) + +[https://www.marketwatch.com/story/short-seller-hindenburg-alleges-that-electric-truck-maker-nikola-is-an-intricate-fraud-in-new-report-2020-09-10](https://www.marketwatch.com/story/short-seller-hindenburg-alleges-that-electric-truck-maker-nikola-is-an-intricate-fraud-in-new-report-2020-09-10) +Your markets are run by bots. Now your daily threads are too. +