diff --git "a/reddit_finance_43_250k_54.txt" "b/reddit_finance_43_250k_54.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_54.txt" @@ -0,0 +1,10000 @@ +- ⬜ 385 minutes in: $205.80 / 173,45 € +- ⬜ 380 minutes in: $205.80 / 173,45 € +- ⬜ 375 minutes in: $205.80 / 173,45 € +- ⬜ 370 minutes in: $205.80 / 173,45 € +- ⬜ 365 minutes in: $205.80 / 173,45 € +- ⬜ 360 minutes in: $205.80 / 173,45 € +- ⬜ 355 minutes in: $205.80 / 173,45 € +- 🟥 350 minutes in: $205.80 / 173,45 € +- 🟩 345 minutes in: $206.00 / 173,62 € +- ⬜ 340 minutes in: $205.77 / 173,43 € +- ⬜ 335 minutes in: $205.77 / 173,43 € +- ⬜ 330 minutes in: $205.77 / 173,43 € +- ⬜ 325 minutes in: $205.77 / 173,43 € +- ⬜ 320 minutes in: $205.77 / 173,43 € +- ⬜ 315 minutes in: $205.77 / 173,43 € +- ⬜ 310 minutes in: $205.77 / 173,43 € +- ⬜ 305 minutes in: $205.77 / 173,43 € +- ⬜ 300 minutes in: $205.77 / 173,43 € +- ⬜ 295 minutes in: $205.77 / 173,43 € +- ⬜ 290 minutes in: $205.77 / 173,43 € +- ⬜ 285 minutes in: $205.77 / 173,43 € +- ⬜ 280 minutes in: $205.77 / 173,43 € +- ⬜ 275 minutes in: $205.77 / 173,43 € +- 🟩 270 minutes in: $205.77 / 173,43 € +- 🟩 265 minutes in: $205.74 / 173,40 € +- 🟩 260 minutes in: $205.72 / 173,38 € +- 🟩 255 minutes in: $205.62 / 173,30 € +- 🟥 250 minutes in: $204.91 / 172,70 € +- 🟩 245 minutes in: $205.64 / 173,32 € +- 🟩 240 minutes in: $205.62 / 173,30 € +- 🟥 235 minutes in: $204.67 / 172,50 € +- ⬜ 230 minutes in: $204.73 / 172,55 € +- ⬜ 225 minutes in: $204.73 / 172,55 € +- 🟥 220 minutes in: $204.73 / 172,55 € +- ⬜ 215 minutes in: $204.97 / 172,75 € +- 🟥 210 minutes in: $204.97 / 172,75 € +- 🟩 205 minutes in: $205.09 / 172,85 € +- ⬜ 200 minutes in: $205.03 / 172,80 € +- 🟥 195 minutes in: $205.03 / 172,80 € +- ⬜ 190 minutes in: $205.48 / 173,18 € +- 🟩 185 minutes in: $205.48 / 173,18 € +- ⬜ 180 minutes in: $205.32 / 173,05 € +- ⬜ 175 minutes in: $205.32 / 173,05 € +- 🟩 170 minutes in: $205.32 / 173,05 € +- ⬜ 165 minutes in: $205.05 / 172,82 € +- 🟥 160 minutes in: $205.05 / 172,82 € +- 🟩 155 minutes in: $205.12 / 172,88 € +- 🟥 150 minutes in: $205.05 / 172,82 € +- ⬜ 145 minutes in: $205.92 / 173,55 € +- ⬜ 140 minutes in: $205.92 / 173,55 € +- ⬜ 135 minutes in: $205.92 / 173,55 € +- 🟩 130 minutes in: $205.92 / 173,55 € +- 🟥 125 minutes in: $205.05 / 172,82 € +- 🟥 120 minutes in: $205.77 / 173,43 € +- 🟩 115 minutes in: $205.80 / 173,45 € +- ⬜ 110 minutes in: $204.88 / 172,68 € +- 🟩 105 minutes in: $204.88 / 172,68 € +- 🟩 100 minutes in: $204.85 / 172,65 € +- 🟥 95 minutes in: $204.61 / 172,45 € +- ⬜ 90 minutes in: $204.88 / 172,68 € +- 🟩 85 minutes in: $204.88 / 172,68 € +- 🟥 80 minutes in: $204.67 / 172,50 € +- 🟥 75 minutes in: $204.81 / 172,62 € +- 🟥 70 minutes in: $204.85 / 172,65 € +- ⬜ 65 minutes in: $204.88 / 172,68 € +- 🟩 60 minutes in: $204.88 / 172,68 € +- 🟥 55 minutes in: $204.85 / 172,65 € +- ⬜ 50 minutes in: $204.88 / 172,68 € +- 🟩 45 minutes in: $204.88 / 172,68 € +- 🟥 40 minutes in: $204.85 / 172,65 € +- ⬜ 35 minutes in: $204.88 / 172,68 € +- ⬜ 30 minutes in: $204.88 / 172,68 € +- 🟥 25 minutes in: $204.88 / 172,68 € +- ⬜ 20 minutes in: $205.05 / 172,82 € +- 🟩 15 minutes in: $205.05 / 172,82 € +- 🟥 10 minutes in: $204.61 / 172,45 € +- 🟩 5 minutes in: $205.41 / 173,12 € +- 🟩 0 minutes in: $204.55 / 172,40 € +- 🟥 US close price: $202.83 / 170,95 € *($202.83 / 170,95 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.1865. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +I've had many people reach out to offer help or support with the extended session. Since the most time-consuming (and demanding) part is fetching data and updating the post, I automated it and have tuned my update tool to work for the extended session. As such, once I have it running I should have no trouble taking a break. Thank you to all who offered help and encouragement - I really appreciate it! + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Last weekend, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Guten Tag to all of you Great Apes across the world! 👋🦍 + +The US Stock Market is closed on Monday, July 5th, but the German exchanges are open as usual! To celebrate this occasion, Diamantenhände will run for the entire duration of the Frankfurt stock exchange. These threads tend to draw many new participants to Diamantenhände, so for those just joining us, please have a great time! Drop a comment below to help represent your country or culture, and join apes around the world to watch low-frequency updates from a single German exchange! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 Frankfurt Exchange ending price: **$205.77 / 173,43 €** *(volume: 4330 shares)* +- ⬜ 510 minutes in: $206.10 / 173,70 € +- ⬜ 505 minutes in: $206.10 / 173,70 € +- 🟩 500 minutes in: $206.10 / 173,70 € +- ⬜ 495 minutes in: $206.07 / 173,68 € +- ⬜ 490 minutes in: $206.07 / 173,68 € +- ⬜ 485 minutes in: $206.07 / 173,68 € +- ⬜ 480 minutes in: $206.07 / 173,68 € +- ⬜ 475 minutes in: $206.07 / 173,68 € +- 🟩 470 minutes in: $206.07 / 173,68 € +- ⬜ 465 minutes in: $205.80 / 173,45 € +- ⬜ 460 minutes in: $205.80 / 173,45 € +- ⬜ 455 minutes in: $205.80 / 173,45 € +- ⬜ 450 minutes in: $205.80 / 173,45 € +- ⬜ 445 minutes in: $205.80 / 173,45 € +- ⬜ 440 minutes in: $205.80 / 173,45 € +- ⬜ 435 minutes in: $205.80 / 173,45 € +- ⬜ 430 minutes in: $205.80 / 173,45 € +- ⬜ 425 minutes in: $205.80 / 173,45 € +- ⬜ 420 minutes in: $205.80 / 173,45 € +- ⬜ 415 minutes in: $205.80 / 173,45 € +- ⬜ 410 minutes in: $205.80 / 173,45 € +- ⬜ 405 minutes in: $205.80 / 173,45 € +- ⬜ 400 minutes in: $205.80 / 173,45 € +- ⬜ 395 minutes in: $205.80 / 173,45 € +- ⬜ 390 minutes in: $205.80 / 173,45 € +- ⬜ 385 minutes in: $205.80 / 173,45 € +- ⬜ 380 minutes in: $205.80 / 173,45 € +- ⬜ 375 minutes in: $205.80 / 173,45 € +- ⬜ 370 minutes in: $205.80 / 173,45 € +- ⬜ 365 minutes in: $205.80 / 173,45 € +- ⬜ 360 minutes in: $205.80 / 173,45 € +- ⬜ 355 minutes in: $205.80 / 173,45 € +- 🟥 350 minutes in: $205.80 / 173,45 € +- 🟩 345 minutes in: $206.00 / 173,62 € +- ⬜ 340 minutes in: $205.77 / 173,43 € +- ⬜ 335 minutes in: $205.77 / 173,43 € +- ⬜ 330 minutes in: $205.77 / 173,43 € +- ⬜ 325 minutes in: $205.77 / 173,43 € +- ⬜ 320 minutes in: $205.77 / 173,43 € +- ⬜ 315 minutes in: $205.77 / 173,43 € +- ⬜ 310 minutes in: $205.77 / 173,43 € +- ⬜ 305 minutes in: $205.77 / 173,43 € +- ⬜ 300 minutes in: $205.77 / 173,43 € +- ⬜ 295 minutes in: $205.77 / 173,43 € +- ⬜ 290 minutes in: $205.77 / 173,43 € +- ⬜ 285 minutes in: $205.77 / 173,43 € +- ⬜ 280 minutes in: $205.77 / 173,43 € +- ⬜ 275 minutes in: $205.77 / 173,43 € +- 🟩 270 minutes in: $205.77 / 173,43 € +- 🟩 265 minutes in: $205.74 / 173,40 € +- 🟩 260 minutes in: $205.72 / 173,38 € +- 🟩 255 minutes in: $205.62 / 173,30 € +- 🟥 250 minutes in: $204.91 / 172,70 € +- 🟩 245 minutes in: $205.64 / 173,32 € +- 🟩 240 minutes in: $205.62 / 173,30 € +- 🟥 235 minutes in: $204.67 / 172,50 € +- ⬜ 230 minutes in: $204.73 / 172,55 € +- ⬜ 225 minutes in: $204.73 / 172,55 € +- 🟥 220 minutes in: $204.73 / 172,55 € +- ⬜ 215 minutes in: $204.97 / 172,75 € +- 🟥 210 minutes in: $204.97 / 172,75 € +- 🟩 205 minutes in: $205.09 / 172,85 € +- ⬜ 200 minutes in: $205.03 / 172,80 € +- 🟥 195 minutes in: $205.03 / 172,80 € +- ⬜ 190 minutes in: $205.48 / 173,18 € +- 🟩 185 minutes in: $205.48 / 173,18 € +- ⬜ 180 minutes in: $205.32 / 173,05 € +- ⬜ 175 minutes in: $205.32 / 173,05 € +- 🟩 170 minutes in: $205.32 / 173,05 € +- ⬜ 165 minutes in: $205.05 / 172,82 € +- 🟥 160 minutes in: $205.05 / 172,82 € +- 🟩 155 minutes in: $205.12 / 172,88 € +- 🟥 150 minutes in: $205.05 / 172,82 € +- ⬜ 145 minutes in: $205.92 / 173,55 € +- ⬜ 140 minutes in: $205.92 / 173,55 € +- ⬜ 135 minutes in: $205.92 / 173,55 € +- 🟩 130 minutes in: $205.92 / 173,55 € +- 🟥 125 minutes in: $205.05 / 172,82 € +- 🟥 120 minutes in: $205.77 / 173,43 € +- 🟩 115 minutes in: $205.80 / 173,45 € +- ⬜ 110 minutes in: $204.88 / 172,68 € +- 🟩 105 minutes in: $204.88 / 172,68 € +- 🟩 100 minutes in: $204.85 / 172,65 € +- 🟥 95 minutes in: $204.61 / 172,45 € +- ⬜ 90 minutes in: $204.88 / 172,68 € +- 🟩 85 minutes in: $204.88 / 172,68 € +- 🟥 80 minutes in: $204.67 / 172,50 € +- 🟥 75 minutes in: $204.81 / 172,62 € +- 🟥 70 minutes in: $204.85 / 172,65 € +- ⬜ 65 minutes in: $204.88 / 172,68 € +- 🟩 60 minutes in: $204.88 / 172,68 € +- 🟥 55 minutes in: $204.85 / 172,65 € +- ⬜ 50 minutes in: $204.88 / 172,68 € +- 🟩 45 minutes in: $204.88 / 172,68 € +- 🟥 40 minutes in: $204.85 / 172,65 € +- ⬜ 35 minutes in: $204.88 / 172,68 € +- ⬜ 30 minutes in: $204.88 / 172,68 € +- ���� 25 minutes in: $204.88 / 172,68 € +- ⬜ 20 minutes in: $205.05 / 172,82 € +- 🟩 15 minutes in: $205.05 / 172,82 € +- 🟥 10 minutes in: $204.61 / 172,45 € +- 🟩 5 minutes in: $205.41 / 173,12 € +- 🟩 0 minutes in: $204.55 / 172,40 € +- 🟥 US close price: $202.83 / 170,95 € *($202.83 / 170,95 € after-hours)* + + +*** +FAQ: To generate this data, I'm capturing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and converting to USD. Today's EUR -> USD conversion ratio is 1.1865. I created a simple C# application that assists me in scraping this data and updates the post automatically. + +I've had many people reach out to offer help or support with the extended session. Since the most time-consuming (and demanding) part is fetching data and updating the post, I automated it and have tuned my update tool to work for the extended session. As such, once I have it running I should have no trouble taking a break. Thank you to all who offered help and encouragement - I really appreciate it! + +Many among the Diamantenhände community are concerned about the well-being of the originator of the series, u/DerGurkenraspler. I also am worried, as I have tried to make contact many times and haven't received a direct response. Last weekend, DerGurkenraspler deleted their Reddit account. While this gives me hope that they are alive and well, it seems to be a certainty that they will not be resuming their role as the originator of the series. I've been serving as guest-host since their unexpected absence began and I intend to continue to post updates, but dearly hope that DerGurkenraspler is well and sincerely thank them for the effort they put into building the worldwide community that lives on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +My dad passed away a couple weeks ago from cancer. My mom is still here and we are trying to figure out how he's been paying bills. For example, we're not sure how he was paying for gas and electric. + +Do we just call the companies and ask them what account he's been paying from? + +Mostly everything is on auto-pay (either monthly or quarterly), but he had a crazy amount of bank accounts so it's difficult to figure out where he was paying from for a lot of our services. Also he had a ton of CC debt (I read we are not responsible for that). They closed all his accounts and my mom never did finances before so she doesn't have a CC or bank to pay any bills on her own for now. + +She keeps crying talking about how we could lose our house, etc. but I told her don't worry. I have about 6 figures available personally and said I'd help if needed but she thinks I shouldn't have to and doesn't want me to, but I obviously will if worst comes to worst. + +He was also a hoarder, so his office is filled with hundreds of folders with papers dating back to the early 2000's, very overwhelming to go through. + +Appreciate any advice. I already read the death of a loved one wiki on the sub, but need help with figuring out how to pay bills and figure out where he's paying from for everything. We got 10 death certificates if they're needed. Already sent a few to some bank accounts. +I’m currently 16, And I went on Dave Ramsey‘s website to look around, found his investment calculator and entered things I thought were pretty accurate. I came up with 20 million dollars at retirement, here’s how: +1. I entered my starting age as 23 as with the job I hope to have, that is when I would start (police officer) +2. Age I plan to retire. Site says 67 with full benefits so I went with it +3. Starting investment, Optimistically thinking I’ll have around 50,000 in savings by the time I’m 21, I have around 30,000 right now, with some legal stuff I don’t know the specifics of, I can’t access this money until 21, but again I’ll hopefully have a secure job at 23 so that’s when we’re starting. I’ll use some of it for college and other things so I put the starting amount at $10,000, and I could possibly do more than that +4. How much will I contribute monthly. First off, I’m a saver, so even with a normal salary I would say I’m conservative enough to make room for $1000 a month in investments for the next 40 years of my life +5. Annual return %, s&p says 12%, so I put 12% + +Finally we end up with a 20 million dollar investment in 44 years. This number sounds astronomical to me, and its possibly just me, but is this a realistic expectation if I follow these steps? Just was curious thanks :) +&#x200B; + +https://preview.redd.it/misrgj29bba71.jpg?width=700&format=pjpg&auto=webp&s=b91b23facf0e3fd0911b26717f482670e44fa6b8 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/vtqzubbcbba71.png?width=1200&format=png&auto=webp&s=d1f1adcc551764c92f4e0a7e9ad3d12b4ff26fc0 + +One of Australia’s few tech stocks, Redbubble is an online business which operates in a market loosely known as “on demand products”. Essentially, they offer a base range of products on which different designs can be printed when ordered. The print job is sub-contracted out to a list of 3rd party printing companies (“fulfillers”) and the designs are developed by a roster of independent artists that submit their work to the Redbubble platform. When designs are chosen by customers, both the artist and 3rd party printing company involved get a cut of the sale. In a way, the Redbubble platform merely facilitates the linking up artists, custom print apparel manufacturers, and customers from around the world. + +&#x200B; + +[Redbubble & recently acquired Teerepublic website](https://preview.redd.it/84mkvnmdbba71.png?width=2178&format=png&auto=webp&s=34523bf4910082d59a5c3b4716b23e42888e0b7b) + +Founded in 2006 in Melbourne, over the course of the last 15 years they’ve fostered their market place and grown it to the global player that it is today. With offices in Melbourne, San Francisco, and Berlin, Redbubble sell products around the world. As of their latest annual report, they claim to have over 500k artists on the books, with a combined payment of $67m worth of royalties paid out in FY20 alone. Their designs are printed from any one of 37 fulfillers across 10 countries. + +# The Checklist + +* Net Profit: negative 5 of last 5 years. Bad ❌ +* Outstanding Shares: one capital raise 2018. Neutral ⚪ +* Revenue & Equity: growing significantly L5Y. Good ✅ +* Insider Ownership: 39.9% w/ on market buying and one major sell. Neutral ⚪ +* Debt / Equity: 6.6% w/ Current Ratio of 1.5x. Good ✅ +* ROE: -20.8% Avg L5Y w/ -9.2% FY20. Bad ❌ +* Dividend: no dividend paid. Neutral ⚪ +* BPS 42cents (8.3x P/B) w/ NTA 18cents (19.5x P/NTA). Bad ❌ +* 5Y Avg: SPS 89cents (3.9x P/S), EPS -5.4cents (#N/A P/E). Bad ❌ +* Growth: +39% Avg Revenue Growth L5Y w/ 35.6% FY20. Good ✅ + +**Fair Value: 32cents\^** + +**Target Buy: N/A\^** + +^(\^Based on historical averages. For a high growth company like this, the pricing in “The Target” section is likely to be much more relevant. Furthermore, a meaningful historically based target price proved difficult given the history of net losses.) + +# The Knife + +[marketindex.com.au](https://preview.redd.it/jvknketqbba71.png?width=966&format=png&auto=webp&s=d76a27ffe9a7304c7fb98581d84cb8e12ca3d629) + +Since listing, RBL has traded under $2 for most of its time on the index, mostly hovering in the sub $1 range. Then the March 2020 crash happened, and lockdowns worldwide instigated a frenzy of investment activity in the online retail space. + +RBL peaked in January of 2021 @ $7.35 per share, having rocketed from 50cents not even a year prior. Had you bought RBL in March or April of 2020, you may have experienced a return of almost 1400% in the short space of only 8 months. + +But as quickly as it mooned, RBL came crashing back down to reality when the 1H21 report was released. And not long after that, the 3rd Qtr trading update in April furthered the rout. As of Friday the 9th July 2021, RBL closed at $3.51. Those that bought RBL at its all-time high would now be down about half of their investment in the space of only 6 months. And the question is still open whether RBL will fall further. + +# The Diagnosis + +The short answer: Lockdown hyped up a lot of stocks. Many of which were dogshit to begin with. + +The long answer: Actually, the short answer more or less covers it. + +&#x200B; + +https://preview.redd.it/uapirxzsbba71.png?width=734&format=png&auto=webp&s=a67e400b10ba79a32d7099727dbce2e3b81d4454 + +Actually, as circumstances have developed, perhaps Redbubble isn’t as dogshit as it once was. The extra interest from consumers in this industry has maybe accelerated their development into a profitable company. For example, in FY20 they saw a 50% increase in the number of artists contributing work to the site. Along with that, RBL had 6.8m unique customers purchase from them, up 30% from the previous year. Coupled with 40% repeat customers, their sales revenue grew 36%. + +&#x200B; + +[From FY20 annual report](https://preview.redd.it/orww2rkubba71.png?width=1386&format=png&auto=webp&s=8c84485681905d266227f1bb27f0af4540827047) + +Up until now, Redbubble had been posting losses on a yearly basis. Their expected FY21 results should look pretty good in that context. This is without any government Jobkeeper assistance boosting the numbers in FY20 or FY21, which is impressive. The real question is then, can they sustain this uptick in revenue, or has the online retail market space experienced a once in a decade spike in sales, which will otherwise return to normal levels? + +# The Outlook + +As far as maintaining that momentum, their 3rd QTR trading update was not a good sign… + +&#x200B; + +https://preview.redd.it/1jkr0x3xbba71.png?width=1200&format=png&auto=webp&s=b501bae1d3dcdab10ab9072c3a4ae6aca7d3d139 + +To the unknowing investor on it looks pretty positive. RBL are showing good cash flows and revenue, expectations to improve on last year, and very likely post a positive end of year net profit. A huge improvement from the loss they made in FY20. However, when looking at the 3rd quarter YTD results in conjunction with the 1H21 results a serious question arises. + +&#x200B; + +[What happened? ](https://preview.redd.it/9gicjqqybba71.png?width=1247&format=png&auto=webp&s=904db58d2a581c11ab65351a777f7c99c978723e) + +Side by side, one might think that the numbers somehow got reversed. Between Dec and March, RBL has retraced itself on cashflow. This indicates that they were trading at a loss for the trailing 3 months, and a significant one at that. If the 3rd QTR trend is multiplied out, then most of the positive results of 1H21 would be cancelled out. Unfortunately, as is the nature of a trading update, more minute details on what is occurring behind the scenes is difficult to discern. + +**Litigation** + +Then they also have the problem of some developments with litigation, and it hasn’t gone in their favour. + +&#x200B; + +https://preview.redd.it/gxhw25u1cba71.png?width=1119&format=png&auto=webp&s=6d6e2926402a74d0e65abaf55659aed4f5314100 + +Despite the overall damages awarded being relatively minor, the possible implications in future are not good. Does the verdict on this case open up Redbubble to further claims by other artists? How widespread is this issue? I browsed through some of the 1-star reviews on a 3rd party reviewing website, and it sounded like perhaps the Brandy Melville case isn’t isolated. + +&#x200B; + +https://preview.redd.it/zk1rlnr5cba71.png?width=900&format=png&auto=webp&s=bf37cdbbe4ae82365bb0d98209def6ff6b317dd7 + +Whether this has deterred many more artists joining the platform and contributing is yet to be seen. There are some that might claim that this sort of issue is old hash, and that many others including Amazon have gone through the same trials and tribulations. But build up enough of a reputation for appropriating IP, and the marketplace of artists that RBL has cultivated for 15 years might break down. + +**Customer Reviews** + +The other thing that was interesting to read through on the site reviews was that it was nigh impossible for many people to interact with RBL when things went awry. Should a shirt turn up a size too small, or the design on your face mask is wrong, or perhaps the shipment just wasn’t received, it appears that many people find it very difficult to get in touch with RBL. + +On their website there are no direct contact details for the company that I could find for customers. Instead, customers are funnelled down website forms and AI generated ‘help’. The quantity and consistency amongst these bad reviews seems to indicate that there is a significant problem with how the company interacts with its customers. It may work for some, but clearly not for everyone. + +&#x200B; + +https://preview.redd.it/yez0fdn9cba71.png?width=1800&format=png&auto=webp&s=e72622f59d63bea9a92b9d00364ba9dfdc36e4f7 + +There were also complaints of quality. Now this one is even harder to evaluate, since it’s a very subjective sort of assessment. However, it is reasonable to suspect, with so many 3rd party fulfilling companies that RBL works with, that perhaps not all of them are on the same level of output as others. Before I bought any of RBL stock, I think I’d want to purchase a t-shirt to get a feel for it myself (literally). + +While each one of these issues may not be a true indictment of the stock, or perhaps are only showing the real truth of it in shades. It nonetheless indicates that there is some significant portion of the customer base that has interacted with them and not been very satisfied. But it is interesting in FY21 they had 40% of their customer base purchase again, which is actually roughly in line with their larger competitor, Etsy. + +# The Verdict + +Speaking of competitors, the elephant in the room here truly is Etsy. And with $10billlion USD in annual revenue, almost 5million artists, and over 90million customers, Etsy are an elephant with quite a bit of weight. Despite RBL being an Australian company, their main playground is the USA. As such, they very much have to address the Etsy issue. + +&#x200B; + +https://preview.redd.it/ahf1xf7bcba71.png?width=1373&format=png&auto=webp&s=c0a57f9d341bf04839be4962d06353e5ee813cdd + +Perhaps one edge that Redbubble bring to the table here is that they seem to be pitching to a much different demographic than Etsy. They don’t appear interested in taking on Etsy in the housewife arena, and have instead positioned themselves in a hipster/gamer sort of niche. This is one significant point of difference, and perhaps a reason to be optimistic that RBL can continue to grow while in the shadow of the Etsy goliath. + +&#x200B; + +[ETSY vs RBL](https://preview.redd.it/b36b5x5dcba71.png?width=1853&format=png&auto=webp&s=b5ec2f0134ab28deb331562c47b804806ddcbf97) + +From a share price perspective, it should be no surprise though that RBL has mirrored Etsy during the 2020 surge of in interest. In fact, for a time prior to RBL’s 1H21 report, they were outperforming Etsy. + +&#x200B; + +https://preview.redd.it/0mm57b0fcba71.png?width=800&format=png&auto=webp&s=4bcb964554dbb0b4533f8de5c9893df397fe0e97 + +From a fundamental valuation perspective, RBL are actually way more reasonably priced than Etsy, at least at the current price anyway. Given also that RBL are a relatively small company, especially as compared to the size of Etsy, would-be investors could hope to factor in some more explosive growth over the next few years. + +&#x200B; + +[\\"Alexa, define relevant\\"](https://preview.redd.it/8mg3dlofcba71.png?width=1200&format=png&auto=webp&s=d89feaefabd259711986946e907dfc8170148654) + +Etsy currently ranks #71 globally, and #26 in the USA. From this perspective, Redbubble and Teepublic would seem to have a very high ceiling on their potential. Though, it must be mentioned that they’ve been going backwards for the last quarter or so. + +All that being said, if one were interested in investing in these sort of online retail, on-demand products, then perhaps RBL presents an opportunity to get in while the valuations are still reasonable and there is still yet more room for them to run. But whether there is more growth is far from certain, based on the latest market update. + +# The Target + +The question also then becomes whether the current price is even a good price anymore. Did prospective investors miss the boat back in early 2020? Surely the latest pullback presents an opportunity? + +Well, let’s try to find out. + +&#x200B; + +https://preview.redd.it/49zctkzicba71.png?width=1810&format=png&auto=webp&s=cf7f01ac194eafecb6ad0b1968956757eb084b47 + +Using 1H21 and the 3QTR update, we can draw some estimates to what FY21 will look like, particularly with the revenue. However, trading update did not provide any advice on their YTD profit levels. Though, given the EBIT had not reduced much from the 1H21 report, one might expect the NPAT to remain similar. So, being a bit more optimistic about expected FY21 profit levels, let’s presume that the NPAT that they achieved for the 1H21 report does not materially change very much. + +That gives us the following fundamentals: + +* SPS $1.81 +* EPS 15cents +* BPS 41cents + +Using these, we can estimate the following fair and target prices. + +**Fair Price (FY21) – $2.60** + +**Target Price (FY21) - $1.23** + +It is worth noting that the growth achieved by Redbubble has been very consistently high, even if they have struggled to translate that into net profits. So, there is a case to be made that the stock should be valued in terms of a growth stock. Using the Peter Lynch style of strategy of a PEG ratio, anything under $3.00 would likely be a good entry point, based on the expected EPS of 15cents. However, if RBL profits deteriorate from the 1H21 figures, this target may well be sub $2.00 as well. + +# The TL;DR + +Redbubble is a fast growing online market place for on-demand products. In other words, they link up artists, printers, and customers looking for interesting custom print t-shirts, apparel, and accessories. + +During the lockdowns around the world last year, Redbubble and many other online retailers experienced an explosion of growth and interest. Certainly that was the case amongst investors that drove the price of RBL up 1400% from its low base of 50cents. + +Though, now that many other countries are now opening up, Redbubble’s more recent figures have shown a lot of weakness, and the stonk has taken a beating as a result. Redbubble has historically struggled to make positive profits, and as it’s going now, they may just barely do so in FY21; this within a consumer environment that couldn’t have been more positive for them. + +I think for an investor that is interested in investing in the long term future of the on-demand online retail company (Etsy et al.), then Redbubble perhaps presents an opportunity to get in at a much more reasonable valuation compared to the broader industry. Though, it is highly uncertain where this industry is going post lockdowns, so it’s really incumbent upon that investor to make their own evaluation on Redbubble’s prospects going forward. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on RBL* *and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): MYR, CGF, URW, IPL, COE, SGH, SSM, FLT, Z1P/APT, SXL, RFG, AZJ.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +I recently started investing in VWCE on Degiro. I'm quite happy with the platform, but as I am looking to DCA a considerable amount in the long run (30-year horizon) and IBKR have now waived their $10 monthly maintenance fee for non-US folk, should I just move there? Asking as the advice on previous posts seems to be IBKR > Degiro for larger sums. +Would maxing out my TFSA and RRSP purchasing XEQT be considered a decent move? I'm looking at leaving it there for the next 30ish years. Not sure if it would make more sense to purchase different ETF's to balance. +In our **FIRST TWO WEEKS**, $HAPPY has donated **$90,000** to different mental health organizations with no signs of stopping. If you haven’t had the chance to watch any of our live streams so far, each week our founder streams a live donation/AMA session with the organization we are donating with. + +If you want to watch them, here they are! https://www.twitch.tv/watchhappycoin + +**$HAPPY isn’t *even a month old*,** and has already made strides towards changing the lives of those in need, and bringing awareness to topics that you may not know about. Everyone has a different reason for being in crypto, whether it’s to get rich, for the technology, etc. Happy however, is one of the largest charity tokens out there that show how fundraising or donations can be raised with this new currency we have. + +Now for some **MAJOR NEWS.** + +The founder of $HAPPY coin is heading out to **Los Angeles THIS WEEK** to market happy to some **HUGE influencers.** Currently he is talking to Jesse Wellens (10Mil Subs on YT… good friends with **CASEY NEISTAT**) on how they can promote $HAPPY, and with much more in the works that is hush hush for now. + +$HAPPY has been getting listed on big exchanges (WhiteBit) with a **Certik** audit and a marketing campaign from WhiteBIT coming very soon, and so far has been holding steady above a $10mil market cap. And when the marketing in the works takes off? You will be **$HAPPY you bought so early.** + +Website: http://thehappycoin.co + +Chart: https://charts.bogged.finance/?token=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +PancakeSwap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D + +Twitter: http://twitter.com/the_happy_coin + +Telegram: http://t.me/happy_coinTG + +Twitch: https://www.twitch.tv/watchhappycoin +I have a friend who told me I should read some econ papers if I wanted to know if I should pursue a degree in Economics, however, I am unfamiliar with where to get them and what are some good ones for people who haven't read them at all, or even if I should be reading them. Can someone help me? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +I am debating on moving both of my children’s 529 plans from a 529 into brokerage accounts. I have no idea if they’ll want to go to college, or if college will be completely different. I believe it’s a 10% penalty to cash it out but I feel my kids could use the money towards school with a brokerage account as well. + +Children are 1 and 5 with $4150 (NH) and $12,375 (MA) respectively. I’ve been putting in $150-200/paycheck since they were born - and it will never be cheaper for me to cash out than now either. Good idea? Bad idea? +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! + +I've read some articles that say that the current drastic drop in oil price will have a negative effect on economies. I don't understand how that is the case. Wouldn't lower oil prices boost trade by making shipping and transportation cheaper? +Hello beautiful Apeys!! + +I decided to do some DD on Melvin just for the heck of it. + +I started at their [Wikipedia](https://en.wikipedia.org/wiki/Melvin_Capital). + +&#x200B; + +>During his time at SAC Capital, Plotkin was the recipient of illegal insider information according to federal prosecutors. Reuters identified Plotkin as the so called "Portfolio Manager B" in the **Securities and Exchange Commission**'s civil complaint against Michael Steinberg, a fellow SAC PM who was arrested on charges he traded Dell's earnings based on insider information. + +**Plotkin was allegedly forwarded several emails by Steinberg and others that contained insider information.** + +According to Kenny, Gabe is one of the best investors of our generation. And I agree! I would put him right up there with Martha Stewart and Nancy Pelosi. + +&#x200B; + +Something in the Wikipedia article caught my eye: + +&#x200B; + +>In September 2020 the name of company showed up in the Polish Short Sale Registry (*Rejestr Krótkiej Sprzedaży*) because of a short position in game developers **CD Projekt**, a net position of 0.55 percent through the Polish stock exchange (GPW) +> +>**They gained considerably due to the problems faced during the launch of** ***Cyberpunk 2077***\*\*.\*\* + +"Considerably" = $25 million according to [this article](https://www.fnlondon.com/articles/melvin-capital-hedge-fund-made-25m-off-video-game-cyberpunk-2077-flopped-debut-20201217). + +Let's take a look at the timeline, shall we? + +&#x200B; + +https://preview.redd.it/iupy8tm912h81.png?width=758&format=png&auto=webp&s=bad06a1708343f0d2d2253d0334ac616a92e04d6 + +Odd timing don't you think? + +The most hyped game OF ALL TIME is about to be released. Melvin starts shorting it and... all of a sudden it starts dropping??? This looks like Citadel's naked shorting to me. The timing is too perfect and that drop RIGHT WHEN MELVIN TOOK A POSITION....yet before release.. Just seems too perfect. + +So I just Googled "Citadel CD Projekt Red" to see what comes up and LOW AND BEHOLD the apes of 10 months ago to the rescue: + +(Edit: Removed link due to Automod. Just Google: "**CD Projekt RED, heavily shorted by Citadel before, +10% since friday... Is citadel exiting their short positions?"** with the quotes) + +Interesting. I predicted Citadel was also involved just because of the timing of the drop. And BAM there they are. + +Granted they may have been short later on. "According to official records". But we know all about how they can do shit behind the scenes without reporting anything til later due to exemption from 1940 Investment Company Act fuckery. + +It's just so obvious. + +https://preview.redd.it/y9dzn8ka12h81.png?width=670&format=png&auto=webp&s=7742e02d972c99b86dcd692b576daca3fc7005db + +&#x200B; + +Obviously price shoots up as FOMO sets in before release. Buy the rumor, sell the news. + +But what would make the price shoot up during the baby GME sneeze? + +&#x200B; + +https://preview.redd.it/lo6uqt5b12h81.png?width=675&format=png&auto=webp&s=606095bc1c7c2e9270e31e08e5f0b3f8fc4585fb + +Oh that was Melvin. *(I didn't know that as I was Googling shit. I just assumed. Side note: Funny how I make predictions on stuff and have hunches, then start Googling my actual hunch and find out that I was right.)* + +(Can't link due to Automod. Just Google: "**CITADEL EXITED CD PROJECT SHORT POSITIONS (0.5%) YESTERDAY!"** with the quotes\*\*)\*\* + +This feels more like a margin call rather than a voluntary short exit. BUT AGAIN I'm a monkey who eats crayons so idk about anything. Discuss in the comments and help me understand. But this is just where my mind goes. + +Because it kept dropping. Citadel's naked short machine was still going. Citadel didn't close anything on CD Projekt Red til March. Obviously they're all in on it and talk during golf games.. So Gabe would have been **told not to close** til they dropped it where they wanted.. *(To be fair, Cyberpunk's flop really did fuck up the stock's price. It wasn't JUST Citadel naked shorting it.* ***But that's even MORE reason to let the shorts ride, no?****)* + +Why close on *that day specifically?* + +I get that they had announced they "closed out all their public short positions" around that time. \*Cough bullshit cough\* But why this one? It was profitable. It was continuing to drop. The other ones they were losing on. Fine. But this one, after the release of Cyberpunk, it was obvious the stock would continue to drop. + +So why close it if you weren't in deep dog shit and overleveraged on shorting GME and absolutely needed every penny to survive "one more day"? + +I believe Gabery Plotkin received insider information on the development of Cyberpunk 2077 and that it was going to be an absolute nightmare, which prompted the short position in the first place. + +(Can't post link due to Automod so just Google: "**CD Projekt and Melvin Capital short position in Poland.**" with the quotes.) + +These guys in CD Projekt Red's subreddit were saying the same thing last year. + +[u/spreadsnbets](https://www.reddit.com/u/spreadsnbets/) commented\*\*:\*\* + +>**I want hear the rationale behind their position. I've covered the last 5 consecutive years for an investment pitch and I've didn't find any signs for a failure, simply nowhere. I am pretty sure they had some information that retail investors did not have. Simply can't explain it to myself. I mean, I have some assumption but I dont want to dive to deep into this right now.** + +Oddly enough that post was a day before Melvin closed on CD Projekt Red and shot the price up. + +I was so hyped on this game, as was everyone else. There was no bear thesis here. + +It's Cyberpunk's demise that clinches the "insider info" thing for me and proves that GME is the reason they closed. + +If no other reason, the timing of this specific short position makes literally no sense unless you KNEW it was going to be a flop. + +AND the timing of closing the position makes no sense unless you were being margin called on something else \*cough GME cough\* and had to save yourself. + +So here's my theory.. + +Gabe gets info on Cyberpunk's development. Probably has inside info on all his other shorts as well. Inside info on GME because sleeper agents. RC comes in. Burry comes in. Reddit comes in. + +People start buying GME. Gabery gets margin called on GME. Gabery forced to close Cyberpunk shorts even though he's making bank on it to pay for one more day of GME. + +Forced to close other shorts as well. Kenny injects cash load. + +Still not enough. Boat sinking. Everyone's sinking. It's going EXPO-FUCKING-NENTIAL. + +The entire system starts collapsing. They all get together and say SHUT OFF THE FUCKING BUY BUTTON and let's reorganize the system for a second because if we don't, we're all going down. + +And you all know the story from there. + +This to me is just one more piece of the puzzle that helps prove it, in my opinion, and I thought I'd share it. + +**TL;DR: Based on the timing of Melvin's opening of a short position in CD Projekt Red, and the timing of closing it, it looks like Melvin had insider info on the development of Cyberpunk 2077. AND the reason they ended up closing on CD Projekt Red was to stay in on GME.** + +*None of this, nor any of my previous posts are to be considered financial advice. I am not a financial advisor, I'm a moron who Googles shit and makes predictions on the data I find. The fact that all my predictions and assumptions ended up being true on some scale doesn't mean that future ones or this one will as well.* +Has anyone spent time taking a close look at this company? I’m especially curious if anyone particularly loves/hates this at $67/share + +Activision is the company behind Call of Duty, Warcraft, Diablo, Candy Crush, etc. I know they to have a very loyal customer following. + +Over the past 6 months, the stock has traded down approximately 30% from $100/share. Given a history of +5-10% revenue growth, and over $3.5/share of cash flow, this seems potentially quite attractive + +Reasons for the sell-off that I can see: 1) Sexual harassment lawsuit and claims of unequal gender pay; 2) delays around Overwatch and Diablo IV making for a lengthier period before the next revenue growth acceleration + +$3.5 / $67 = +5% yield. Assuming no multiple expansion, 5-10% growth results in 10-15% IRRs on a multi year basis. + +In terms of multiples, the company has treaded 20-30x cash flow historically. If the multiple improves from its current ~20x, that’s incremental return from there + +Appreciate any and all thoughts, especially those who can make a good argument for why this is a terrible investment! +Hi! + +I'm Yoran, an occasional participant on this community. Together with my co-founder Thomas, I'll be chatting to Ben Felix in an "AMA" format live next week on Wednesday June 16th @ 19:30 CET. + +You may know Ben from his [amazing Youtube videos](https://www.youtube.com/c/BenFelixCSI/videos) or his [Rational Reminder podcasts](https://rationalreminder.ca/). He's also a portfolio manager with PWL Capital in Canada. He's been hugely influential in my investment decisions so I'm very grateful that he agreed to the conversation. + +We'll be running through a variety of topics on investing and personal finance including (but not limited to): + +* The pros and cons of index investing +* Investing as a European +* The impact of the rise of retail investors +* The risks of mega-asset managers like BlackRock +* ... + +We don't think that Ben has had many conversations with a European audience, so we want to take the opportunity and involve you. + +**1. Be part of the live chat** + +All you need to do is register for the [event here](https://app.livestorm.co/curvo/ben-felix-live?type=detailed) beforehand. + +**2. Tell me your questions** + +I'm asking for your favourite questions that you want to ask Ben. Just reply to this thread and I'll collect them. We'll naturally make sure to credit you when we ask your question! +So, MA could have simply waited for the Biyani to completely default on everything and go bankrupt, to get the business at dirt cheap rate. But why he decided to spend 25,000 crores instead. Because of this, now even banks/financial institutes can also get their money back from Biyani, if the deal gets all the necessary approvals. + +So, again, when amazon, WIPRO and other players were simply waiting for Biyani to go bankrupt, why MA played like that and even agreed to buy minority stake in the subsequent FEL? All he had to do was to wait and watch. + +Any expert opinions are appreciated. +I'm looking for the best black v-neck t-shirts on the market. I'm tired of the standard Target/Old Navy/Costco/etc. options. I want something that's comfy, form fitting, true black, stays black, collar doesn't stretch out, etc. + +This doesn't seem like a good question for this subreddit because it's not FIRE related, but it is luxury related and I don't know who else to ask. Can you guys point me in the right direction? +First one you enter too late. You probably heard about people making crazy returns on the news or from some of your friends. + +Second one you’re still greedy and inexperienced. Probably take profits too early or wait till it’s too late, don’t know how to recognise a top. + +Third one you already enter with loaded bags and take healthy profits along the way. You realise when the market is cooling off and exit accordingly. + +Experience matters guys. +Below I share with you the strategy I use to consistently generate income month after month. + +I tune in to Cramer’s Mad Money @ 7pm EST. I write down every stock recommended on the show, then I go thru each stock one by one and flip a quarter, if it’s heads I sell a 60 DTE ATM put the next day. If it’s tails I pass on the stock. After I sell the put I set a BTC @ 20% profit. YTD this strategy has handedly beaten the S&P & NASDAQ returns combined. 99.9% of professional fund managers ain’t got shit on this. + +I also have another strategy that involves the great Will Meade and his twitter recommendations, it’s similar to the above but instead of a quarter I use a magic 8 ball. +# Amount: $100,000,000 + + + +**Common Shares - Warrants - Units - Subscription Receipts - Debt Securities** + +This Prospectus relates to the offering for sale of: (i) common shares (the “Common Shares”); (ii) warrants (the “Warrants”) to purchase other Securities (as defined hereinafter); (iii) units (the “Units”) comprised of one or more of the other Securities; (iv) subscription receipts (the “Subscription Receipts”); and (v) debt securities (the “Debt Securities” and together with the Common Shares, Warrants, Units and Subscription Receipts, collective referred to herein as the “Securities”) by High Tide Inc. (the “Corporation”) from time to time, during the 25-month period that the Prospectus, including any amendments hereto, remains effective, in one or more series or issuances, with a total offering price of the Securities in the aggregate, of up to $100,000,000. The Securities may be offered for sale separately or in combination with one or more other Securities and may be sold from time to time in one or more transactions at a fixed price or prices (which may be changed) or at market prices prevailing at the time of sale, at prices determined by reference to such prevailing market prices or at negotiated prices. + + [Source](https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00045217&issuerType=03&projectNo=03202867&docId=4930285) +[https://www.secform4.com/insider-trading/1326380.htm](https://www.secform4.com/insider-trading/1326380.htm) + +You know what's great about GameStop? The Insiders, who know more information than anyone else, haven't sold a share since June and that was the only person to sell since January. + +And now I can't decide if I should [hold or hodl](https://twitter.com/ryancohen/status/1457902069206163460). +I've been homeless, a combination of real homeless, and crashing on couches homeless, for about two years, in that time my drivers license expired, and my birth certificate and social security card were stolen (along with other stuff). I have court fees related to my car which is now gone, and my license even if valid is suspended. I just got a job and am looking to get myself together, but all this bureaucracy, I don't even know where to start. It seems like to get any ID you have to already have ID. I feel stuck in a hole I can't get out of. + +Edit: Thanks for the help guys. I ordered my birth certificate and will get my social security card when I can. I'm staying at a friends for now. I'm in NY if that helps. It really means a lot that there are people out there willing to help and give advice. +Hey guys. + +I was literally fired less than hour ago, and this subreddit is the first "person" I'm telling. + +I just want to point out how incredibly important savings are. I am 24, and this was my first real job. I am fortunate to have saved $5,000 in savings (enough for about 4 to 5 months expenses) and that isnt even considering unemployment and my last check. + +This is a huge reason why I didn't cry when I was fired lol. It didn't feel like my livlihood was gone. + +That is all, just a PSA. + +Edit: Thank you all for the comments and support, I really appreciate you all! + +Edit 2: As the comments have pointed out, I was laid off and not fired! I appreciate the distinction now +As someone approaching their mid 30s, it’s more than a bit scary right now with the only economic plan right now is make people buy houses. A lot of the capital being spent right now is being spent on things that are fixed - houses, telecom, banks, etc. No innovation, no tech, no nothing. The money printing was necessary due to COVID but I don’t feel like there is actually a plan to make Canada into something other than the world’s supply of rocks, trees and water (and oil). + +I predict that it’s only to be an ugly 10-20 years once the housing bubble pops. + +That being said, I have VGRO in my portfolio so there is a decent exposure to Canada. +. + +. + +. + +. + +. + +. + +He is making an average of 2.4% daily and he is one of the best public traders I've seen so far. Doesn't sound spectacular, right? His account is. + +Do you know you only need an average daily gain of 0.5% to triple your capital in one year? Assuming you have 25k to trade, you're making a living out of it. + +Keep going. + + +[Archegos Capital Management was forced to liquidate positions at the end of last week](https://www.cnbc.com/2021/03/27/archegos-capital-forced-position-liquidation-contributes-to-viacom-discovery-plunge.html). The moves by the multibillion dollar U.S. family office, founded by former Tiger Management equity analyst Bill Hwang, caused a wave of selling pressure on Friday, with U.S. media stocks and Chinese internet ADRs taking the brunt. + +[A trader who asked to remain anonymous told CNBC this weekend](https://www.cnbc.com/2021/03/29/heres-what-happened-in-that-wild-trading-in-china-internet-stocks.html) that Credit Suisse — along with [Goldman Sachs](https://www.cnbc.com/quotes/GS), [Morgan Stanley](https://www.cnbc.com/quotes/MS) and [Deutsche Bank](https://www.cnbc.com/quotes/.BBKA) — all forced Archegos to liquidate a number of positions. + +CNBC reached out to Archegos Capital over the weekend, but calls and emails were not returned. +I'm just really proud, and had to share with people who would understand. I'm a single mom, I've had to do Toys for Tots a couple years running. But I'm pretty stable right now. I applied for jobs I didn't actually qualify for on the theory that if I landed an interview, I might convince someone I was worth training. And no one was more shocked than me when my plan actually worked. They gave me a year to get some certifications, and I did it, and with the certs, came raises. I got the stimulus money for the kids and was able to get ahead on bills and put some away for an emergency fund. I'm...stable. My bills are paid with my paycheck and I decided to shop for Christmas presents early so I don't have to stress in December, and I could. I didn't have to dip into my emergency fund for it, I used some of the monthly child tax credit that's happening right now, and I have Christmas presents hidden away in the closet. I was able to buy Legos, not the off brand duplos from the dollar general, but an actual Lego spaceship for my oldest. Is this what financial stability feels like??? +It seems my countries money can buy almost 4 times in some countries what I could buy in my country, if I sent somebody cash would the be wealthy or would this money be downgraded when they exchanged it to their own currency? +I remember a while back someone posted a similar question and now cannot locate that post. + +I've read that there are doctors/clinics that take a look at your overall health and assist you in planning to extend your quality of life by fine tuning how you care for yourself now. Not just cosmetically but with adjustments to diet and vitamin deficiencies and work out regimes, etc. + +They do blood work and bone density and full body scans and look under every rock (so to speak) to help you plan to not only live longer in your golden years but live better. They are much more involved than your regular internist. + +Anyone know what type of medical professional I should be seeking? + +Edit: It's not about fusing eastern and western medicine. Am not interested in where it comes from. Only want something catered to my specific body needs to get the best out of now and the future. +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 Apes. + +It has been nearly six months since my original thesis (which I cannot link here due to where it was posted and the auto-mod settings; it was back in February, so you can probably work it out) on how GameStop is worth more than the current price ($40 at the time), how GameStop is poised to do amazing things like create their own livestream content, produce their own high-production-quality original content, get into esports, etc... and most importantly: how hedge funds, market ma(ke)nipulators, and short sellers artificially suppressing the price creates an opportunity to exponentially increase one's position, forever. + + +##Well, I'm back. And I'm a little pissed off. + +______________________________________________________ + +After continually seeing nothing but positive news about GME, bullshit ways in which MSM spins the situation, short sell ratios through the roof, buy to sell ratios *grossly* weighted on the buy side (clearly routed through dark pools), etc... I've decided to step back up to the plate and continue doing my job: which is working toward owning this company outright. + + +This will be accomplished the same way I managed to increase my position throughout the time I was actively pursuing my thesis: leveraging options (by way of my share count), in order to amass capital on a weekly/monthly basis, and use that premium to acquire more shares. + + +Additionally, excess money that my business generates will be allocated to my portfolio in order to take advantage of sudden discounts; after all, averaging down is a gift. + + +I am currently an XXXX shareholder. This week I acquired XXX more shares, and I expect I'll acquire XX more shares by end of next week. + + +This will continue every week until The Big Event. + +______________________________________________________ + + +Either I win, or you win; and as long as the stock price remains suppressed, my share count will increase at a compound rate. + + +See y'all from the boardroom. + +______________________________________________________ + +*edit to add (included this in a separate post, but it makes more sense to tack it on here): + +**I do not recommend anyone follow me on this path.** My understanding is that most of you are here for the MOAß, and playing options is a good way to miss it. + +Over-leveraging yourself on long calls is a good way to end with zero money in your account when hedgies toy with the price. + +Selling the wrong dates and strikes on covered calls is a good way to lose your shares when the rocket launches. + +If you mess with puts on GME, I don't even know what to say to you (good luck, I guess). + +Know that if this drags out long enough, you lot (apes with a fixed floor, who want to make the world a better place) are going to be a much smaller problem for hedge funds to deal with than I am going to be. + +I don't need or particularly want the money. I just want to own this company; I found a mathematical anomaly through which I believe it is possible, and I intend to explore it to it's fullest extent (but I imagine the main event will occur long before I acquire enough shares to cause any sort of gridlock). +Follow the yellow brick road + +We're starting with IMX and following the transactions of where they send there tokens too.[https://etherscan.io/address/0xe1d1ad55254b29b43035937894514d0adbac7aea#tokentxns](https://etherscan.io/address/0xe1d1ad55254b29b43035937894514d0adbac7aea#tokentxns)\\/[https://etherscan.io/address/0x177f9dd13ccc02065c7494ea8396e4e2ba54dfa1#tokentxns](https://etherscan.io/address/0x177f9dd13ccc02065c7494ea8396e4e2ba54dfa1#tokentxns) + +\\/ + +[https://etherscan.io/address/0x8c1dcea14acce463d8806928860899ad6c8f615b#tokentxns](https://etherscan.io/address/0x8c1dcea14acce463d8806928860899ad6c8f615b#tokentxns)(Gamestop). + +\\/ + +[https://etherscan.io/address/0xb7fabf725d60700ff57bae72b666dc55646cde48#tokentxns](https://etherscan.io/address/0xb7fabf725d60700ff57bae72b666dc55646cde48#tokentxns) + +\\/ + +[https://etherscan.io/address/0x1157a2076b9bb22a85cc2c162f20fab3898f4101#tokentxns](https://etherscan.io/address/0x1157a2076b9bb22a85cc2c162f20fab3898f4101#tokentxns) + +The final wallet in which i could track the imx tokens too. but look at the activity being sent to the wallet. Nfts from Apple. Mcdonalds. Rolex. Louis vutton, Dolce gabbana, Gucci Warner bros. + +This wallet contains $115million in assets thats ether and other tokens from hundreds of big name companys and other developers tokens and over 400 nfts so far... almost as if this is 1 big hub/or marketplace + +&#x200B; + +Update: + + alright, iv had some time to look into these nfts. The conclusion.... crime. Next level call the mofo FBI crime. im not sure how 39,173,533 imx tokens made there way into this wallet yet. + +As for the nfts its easier to view those via rarible, each and every brand all have the same description "COUNTDOWN FINISHED. MINTING IS NOW LIVE" and a link to the brand specific website, these websites seem like direct clones of the original websites i.e rolex, supergucci, invisiblefriends although all with the same theme "mint 5 get 1 airdrop free or 2 for 10". We are talking dozens of brand sites, dozens of verified rarible accounts with hundreds-thousands followers, 10's of thousands of nfts. Each of verified rarible accounts connected to these nfts all hold the similar nfts and brands. + +[https://rarible.com/4156/owned](https://rarible.com/4156/owned) +[https://rarible.com/twitter/secondary](https://rarible.com/twitter/secondary) +[https://rarible.com/defidad/owned](https://rarible.com/defidad/owned) +[https://rarible.com/-888-/owned](https://rarible.com/-888-/owned) + +Someone @ Gary gensler +How do you do fellow apes! + +Just as a friendly reminder since a lot of us are excited about GME joining the Russell 1000, this won't happen until AFTER market close so if there is any effect from this, we won't see it until Monday. + +[https://preview.redd.it/5f5f1zgre8771.png?width=925&format=png&auto=webp&s=322cf84c5c4ef5e7a6fdc47f0df3ee5da45cb019](https://preview.redd.it/5f5f1zgre8771.png?width=925&format=png&auto=webp&s=322cf84c5c4ef5e7a6fdc47f0df3ee5da45cb019) + +Not meaning to dash anyone's hopes about tomorrow but just bringing awareness. + +[Article for reference](https://www.ftserussell.com/resources/russell-reconstitution) + +EDIT: Been in customer service training all morning =/ + +I do want to say up front that I personally have not seen any confirmation that GME is being added to the Russell 1000. If you have, please let me know and I will update the post with evidence. I mainly made this post as a PSA that being added doesn't take effect until after market hours. + +EDIT7: u/SnooFloofs1628 [provided the closest thing we have to confirmation wihtout it coming directly form the Russell itself.](https://www.reddit.com/r/Superstonk/comments/o735ef/psa_gme_will_not_be_joining_the_russell_1000/h2x0wmg/?context=3) + +EDIT2: As u/wooden_seats notes below, the recalibration starts before the end of day so we may see some movement near the end of power hour. + +EDIT3: \*Insert rocket ship, moon, diamond, and hands emojis\* (Don't know how to emote on computer) + +EDIT4: 🚀🚀🚀🚀🌛🌛🌛🌛💎💎💎💎👉👌👉👌 + +EDIT5: + +[https://preview.redd.it/9lilsekvc9771.png?width=793&format=png&auto=webp&s=a02613703ca2a3361149c809909d203eeb5c4095](https://preview.redd.it/9lilsekvc9771.png?width=793&format=png&auto=webp&s=a02613703ca2a3361149c809909d203eeb5c4095) + +EDIT6: thanks for all of the awards guys! I honestly didn't expect this to get as big as it did (that's what she said). The awards are appreciated, but save your money and go spend it on more GME! BUY & HODL + +NOT FINANCIAL ADVICE +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +With all the economic doom and gloom, thought I'd try to put something a bit more lighthearted up for discussion. Here are some of the ironic contradictions I see in this sub a lot that make me chuckle: + +* There is no one size fits all answer when it comes to personal finance, so make sure you invest in these same 4 ETFs that we all do. +* Everyone needs to do their own research to decide what's best for them, so shut up and let me tell you exactly what you should do. +* Time in the market beats trying to time the market, so here is exactly why this is now the best/worst time to invest in the market. +* You can't trust financial advisors because they take commissions, so trust anonymous internet strangers instead who could be trying to pump up their own portfolios. +* It's impossible for property to go up in value forever, but the share market will definitely go up in the long run forever. + +Any I'm missing? I'm not trying to throw hate here, just having some fun ;) + +Edit: just to make it super duper super clear, this is a **100% tongue in cheek satire post** that's meant to have a bit of a laugh at ourselves. Nothing said here should be taken seriously or considered financial advice :) +I am not saying that my path is one that anyone should take. It’s not necessarily a good way or the best way. It is different than most of what I have read on this sub, so thought I would share. Here are some things about me: + +22F, mixed race, born to single teen parent and grew up really poor, chronically mentally ill. + +Based off of my general demographics, it was very unlikely that I’d make it out of poverty. From the beginning I suffered from food, home and hygiene insecurity. Mental illness runs in my family. My earliest memory of being depressed started was at 8 years old. We couldn’t afford a doctor, so this manifested in my life. It was in these moments that I promised myself I would do absolutely whatever it took to get out of poverty. + +I got my first job when I was 15 and I got a taste of what it felt like to make my own money. After a life of poverty, I felt like I had power and control. At the same time I was really struggling to manage school and my mental illness. I had a terrible boyfriend at the time who made me have sex with him. I first started to see myself as a sexual object. My 4.0gpa slipped to a 3.5gpa. I decided to go to alternative school at the local community college. I was able to take college classes to get high school credits, paid for by the school district. This allowed me to have a more flexible schedule and graduate earlier with college credits. + +My home life was terrible. My parent was never around, always at work to afford my sibling and I. So I had very little supervision. I was left to my own devices and got in a lot of trouble. At 17 I ended up getting kicked out. I went and lived with a friend for a while. I will never be able to thank them enough for taking me in. I graduated and dropped out of community college for the first time. I got sick of making minimum wage and brainstormed what job I was qualified to do and paid well. The very best I could think of was being a stripper. So on my 18th birthday, I went to a strip club and auditioned. I got the job and started working. I made really good money at that job. This didn’t mean much though, considering that I was 18 and extremely irresponsible. + +I decided to give college another try, so I enrolled in the local university using student loans. I moved into the dorms and went to class for a few weeks. I dropped out my first term due to mental illness and having no support structure. + +A year passed and my boyfriend at the time had cheated on me. We broke up and I soon realized that I needed to work on myself. I was a massively depressed 19 year old stripper with no future. I was suicidal and could barely make myself get out of bed to take a shower. I pretty much just slept all day and worked enough to afford bills. + +Although my life was in shambles, I always had money. Stripping was a very lucrative job. I decided to get help for my mental illness and saw a psychiatrist. I tried various medications and it took about 5 tries to get the right one. I spent a lot of time feeling like a zombie. He prescribed me an antipsychotic and within a week I was a completely changed person. For the first time in a very long while, I felt happy. + +I kept working and when I was 20 decided to go back to college for a third time. At the time I was already 15k in debt from dropping out twice. I decided to do a technical associates degree at a local community college. The entire cost for the program was 14k. I received merit based scholarships specifically meant for technical degrees. I got these by submitting my high school transcripts and writing essays. I earned enough scholarships that I got the entire program paid for. My boyfriend at the time made me quit stripping, so I became a bikini barista. This job paid really well also, with low work hours. He made me quit that job and we broke up. + +I applied for a technical internship at a corporation in my town. It took them 3 months to get back to me and I didn’t get the job on the first try. I had to apply again and got it on the second try. I reformed a relationship with my parent and moved back in with them. At this time I met my husband. + +I worked at the internship 32 hours a week and took 20 credits for a year to finish college on time. They paid me $17 an hour. Internship wages in my profession range from $15-17 an hour typically. There was a possibility to get a job at the end of the internship, contingent on completion of my associates degree and an interview. I definitely broke down a few times, but kept pushing because it was worth it. I worked hard enough that I surpassed expectations at work and graduated with a 3.9gpa. I was hired full time at the end of my internship. I took a position as a night shift technician. There are usually incentives for working alternative schedules. This one in particular put me at 84k per year without overtime. Some might be surprised by this number, but my field of work is very specialized. There are very few women and not many people willing to do this type of work due to the safety hazards. I actually love my job and enjoy working with the hazards. I am excited to go to work every single day. A lot of people on this sub talk about not wanting a “dangerous” job. What they don’t realized is that these jobs are often times safer than daily life. This is due to the extremely strict safety controls and procedures that are in place. Most accidents that happen in these jobs are from human error. If you are 100% committed to safety and always follow the procedure, you will be fine. I am more likely to die in a car accident on the way to work, than I am at work. + +Soon after getting the job at 21, I moved in with my boyfriend and we decided to get married. My husband has a 4 year degree and makes 82k per year, putting us at a household income of 166k. After paying off 30k of consumer debt, we budget off of one salary and save over 50% of our income. Now I am 22, working night shift and taking classes during the day. The company I work for is paying for my bachelors degree. When I complete my degree, I am going to start a need based scholarship for women in the trades at the community college I went to. + +I realized that all of this came at a significant cost. I am damaged from working as a stripper. I view myself as a sexual object and have to remind myself that I have more to offer. I am also hyper-sexual, often times without realizing it. Working as a stripper normalized hyper-sexuality for me at a young age. I have worked really hard to get this under control. + +I also have no friends. The combination of mental illness and putting in crazy hours at work/school made it pretty much impossible to have a social life. I traded a social life and social skills for money. At the time I didn’t realize that is what I was doing. I want to go out to so many places and try new things, but I don’t have a single friend to enjoy life with. Along with working night shift, it makes for a very isolating and lonely existence. I love my husband and we get along great, but it’s not healthy for him to be my only friend. I’m working on that right now. I have my first girl date this Saturday. + +My story is non-traditional and NFSW, so I don’t get to talk about it much. If anyone has questions or discussion I am open. +(1) For how many years you have been successfully algo trading + +(2) Which year of your career you moved from discretionary to algo + +(3) How much time did it take for you to get profitable first at discretionary/algo + +(4) How much % returns you target per annum + +(5) Educational background + +(6) Reasons you love algo trading over discretionary. + +Looking forward to amazing responses :) +Title. I found this out the hard way, maybe I am dumb and everyone else knows this but hoping I can save someone else the money I missed out on here. The limit is $20,500 for individuals under 50 in 2022, employer match is not included in the limit. + +&#x200B; + +EDIT for summary/clarification: + +\- Employer match does count toward overall limit, $61,000 in 2022 for individual (mostly relevant for self employed individuals or mega back door Roth) + +\- The $20,500 limit includes both your traditional 401(k) (pretax contributions) and a Roth **401(k)** (after tax contribution, note not your Roth IRA. Employer match typically goes to a traditional 401(k) for tax savings) + +\- For HSA accounts, employer contributions DO count towards limits. +I've posted recently about my story on /r/RealEstate ([here is the post]( https://www.reddit.com/r/RealEstate/comments/7xsfzi/us_here_are_2_obvious_but_key_strategies_that/)) and /r/Landlord ([this one]( https://www.reddit.com/r/Landlord/comments/7s7tjf/landlord_us_ive_put_together_some_key_strategies/)) and got a lot of requests about doing an AMA, so here we are. + +I encourage you to read those posts for some additional context, then ask away here. I'll be checking this thread throughout the next several days and will do my best to answer all questions. + + +### **Backstory** + +I am currently 31M, married, no kids, living in San Diego and working as a senior front-end engineer + running a real estate startup on the side. + +My portfolio consists of 35 total units, mostly 4-plexes, with a duplex and some SFRs sprinkled here and there. 3 units in San Diego, 1 in Atlanta, 3 in Birmingham, 28 in Kansas City. + +My units cash flow between $250-$350/door and the total cash flow of the portfolio is about $10-11k/month (accounting for vacancies as well). My average COC return at purchase is about 15% and long-term IRR is usually 20%+. + +All properties are financed. The only financing I have ever used was conventional loans (as many as they would let me) and later commercial financing on multi-family properties. Never had any partners (besides my wife), never did syndicate deals, no seller financing, no other creative financing. + +How did I get here? I did a pretty long podcast not too long ago, where I share more details, so if you're interested, [have a listen]( https://www.passiverealestateinvesting.com/from-zero-to-35-rentals-in-4-years-a-client-success-story/). + +Here are the important parts: + +* Joined the US Navy out of high school, active duty (Fire Controlman). Served most of the time in Japan. + +* Both parents passed away in 2008-2010. I was left with a single condo where they lived. At first, I was going to sell it, but decided to rent it out through a local property manager (I was in Japan at the time). Cash flow was terrible, so that didn't really give me much encouragement to pursue real estate at the time.. + +* 2013: Left the Navy, moved back to San Diego, got a regular job (electronics technician at first). Decided to give real estate another shot. After about 6 months of searching, found a duplex that needed a good amount of work in a B- area. Moved in one of the units with my wife, rented out the other. She was not very happy, but this turned out a great investment over time and we eventually moved out. + +- 2014 - 2015: Ready to buy more properties, but real estate in San Diego is too expensive and cash flow almost non-existent. Started looking out of state. Decided it was too risky to try to buy/rehab myself, so ended up buying 4 turnkey SFRs in Atlanta and Birmingham. Cash flow was good and prices started appreciating over the years, so still happy with these homes. + +- 2016: Felt more confident with managing out of state rentals and owning properties in general, so decided that I could make more money by buying value-add properties off MLS or private sellers. After extensive research, decided on Kansas City, flew out there, built a local network, started looking at 2-4 unit properties. Ended up buying three 4-plexes in a private sale because the agent tipped me off. + +- 2017: Feeling more comfortable in Kansas City, but was having a hard time finding new deals on the MLS (spent about 10 months looking). Decided to do a direct mail campaign to a very select group of multi-family property owners (about 100 total). Hand wrote the letters, added photos of their exact houses, sent out myself. Ended up landing 4 sales for more 4-plexes. + +- 2018: Taking a little break for the first 6 months, focusing on doing rolling rehabs on all units I picked up in 2017, raising rents to market, improving general operations. Will start looking for more in the summer (already have some possible leads from the mail campaign). + + +### **Future Plans** + +My original goal was to get to 50 units before turning 40, so I'm quite a bit ahead of schedule. Barring anything crazy, I anticipate to get there within the next 1-2 years (15 more units to go). + +This will put my passive income somewhere in the neighborhood of $15k/month or $180k/year. I'm not sure I want to retire quite yet, so I will most likely continue with the same strategy, buying more units up to 65-75 total. + +I'm also planning to do a full review of my entire portfolio (now that there are a few years of operational history), sell the underperforming properties (and probably most SFRs) and re-invest into better performing multi-family buildings. I'm also considering focusing on larger apartment complexes, but we'll see. + + +### **Key Takeaways** + +It's hard to pin point a single thing that helped me the most. Some may say I was fortunate or "lucky" at several points in my life, but I think a steady, consistent growth strategy is what played the biggest role. + +Here are some other things: + +#### *Maximizing my income* +Since I didn't rely on any "creative" financing strategies, all of the deals I've done required some cash from me to close. Now that I buy value-add properties, I also finance the rehabs myself. + +What really helped is maximizing my income from my full-time job and side-business. I went from being active duty in the Navy (around $40k/year) to senior front-end engineer (around $150k/year) and running a profitable startup (another $150k/year) on the side in a few years. + +Everybody's situation is different, but I think most of us can do at least something to increase their income. + +#### *Having a ~70% savings rate* +Throughout my adult life I have consistently maintained a savings rate of around 70%. Combined with the point above, this was really the key to saving money for the next property quickly. Especially in the last few years, as my income increased substantially, this really helped. + +Along the same lines, I've never touched any of my income from rental properties or other investments. 100% of that is re-invested. + +Again, I think this is something that can be done by anyone, regardless of their income level. I meet far too many people who make six figures and have almost no savings, because of their lifestyle choices. + +#### *Focusing on the right markets* +There isn't such a thing as "the best market". Macro and micro economic conditions are also always changing, so the markets that may be "good" for rental properties today will not be the same a year from now. + +I definitely would not consider myself an expert of picking rental markets, but I have talked to a lot of people who are a lot smarter than me and have developed a set of criteria that help me focus on where to invest next. + +Since where I live is so expensive, and I originally had limited funds (and wanted higher cash flow), I primarily focused on larger metropolitan areas with good economic and population projections, but which have strong cash flow and average property prices around $55-100k per door (for multi-family properties). + +Last time I did my "analysis" a few years ago, there were several promising candidates, including Atlanta, Dallas, Charlotte, Kansas City, Nashville. I ultimately settled on Kansas City and that's where I'm planning to buy in the next few years. + +#### *Being very conservative with cash flow projections* +I'm an analytical person by nature, so the whole process of analyzing potential cash flow from a rental property always appealed to me. + +I've always been extremely conservative when estimating cash flow projections. This probably caused me to pass on some "ok-good" deals, but ultimately got me "great" deals, which is what you obviously want. + +I never use rough estimates or the so-called "50% rule" (I think it's actually extremely misleading). I look up exact rental comps to estimate rents, I look up what insurance, management, utilities, and property taxes (after sale, NOT current) will be for each property. + +On top of that, I use high vacancy and maintenance estimates, basically accounting for the worst possible scenario. I've gotten into plenty of arguments with sellers over "my numbers", but this strategy has only done wonders for my returns. + +#### *Running my rental portfolio like a business* +I've figured out pretty early on that owning 1-2 properties isn't going to make me rich or allow me to retire early. After I set a goal to get 50 units, my brain started thinking on what I need to start doing NOW to make this possible at the end. + +And what I came up with is a realization, that I should treat this whole operation as a business, instead of just passive investments. So I focused on 2 things - building a network and a team of professionals to help me (property managers, agents, lenders, mortgage brokers, insurance guys, etc.); and training/teaching them to basically do most of the work for me. + +The biggest challenge of owning this many units, especially all over the country is management. I never self-managed a single property. I have always used property managers and over time developed a set of criteria for picking them, and a system for keeping them accountable. + +I don't get into day-to-day operations, but I basically groom each of my property managers to do the job for me in a way where I'm satisfied. It takes some work up front, but overtime pays off big time, as mutual trust and understand develops. + +*** + +Sorry for the long post, but wanted to give as much context as possible so you have some info to ask questions around. +How did Sumerian barter economy evolve into free market capitalism? How did FIAT currency triumph over commodity based currency? What are the historical events that catalyzed these changes? How do they all fit together ***chronologically***?? + +I'm currently trying to study economics with Khan Academy and Crash Course (best I could find, please suggest better ones if you have them!), but one thing that gets on my nerves is that everything is taught as if it is the natural order of things. There is no consideration for the fact that many of these economic constructs must have been opposed at some point, and it didn't necessarily *have* to be this way. I want to learn chronologically how we got to our current economic structures, not simply be told what it is axiomatically. +I've come across quite a few articles on how manufacturing-based development isn't the golden goose it used to be for developing nations. With newer technology coming in, workers are now expected to lose jobs rather than gain them in the manufacturing sector and related industries. Plus manufacturing has become highly skill intensive, so the old idea of bringing in unskilled or semi-skilled workers to factories just doesn't work anymore. + +Given all of that, is it possible for a country to develop on the basis of the service sector, without ever having a strong manufacturing or industrial base? Can services provide the same amount of opportunity which manufacturing did earlier? + +I am talking in context of a Third World nation with a high rate of poverty and large unskilled population. How can this country develop using services? Or can it develop at all? + +Thanks. +Motley Fool Stock Advisor gives pre-pumped stock alerts. First buy alert I received on Dec 3. The email came at 1:45pm EST, and when I went to check the chart, that stock had been pumping since 1pm which is 45 min before the buy signal. + +Today's pick which is the second pick of the month, also came at 1:45pm, and looking at the chart, it had been pumping since 12:40pm + +This service looks very much like a pump scheme where the subscribers are the fool buying high. I will be cancelling at the end of my trial, and I just wanted to share my experience. + +Edit: apparently, someone else caught them by hand as well: https://investorplace.com/2020/12/lmnd-stock-why-lemonade-shares-are-soaring-20-today/ +As far as I understand it, we owe them this money and just like any debt collector they can come to collect whenever. + +I'm a STEM major at about a \[7\] and was thinking about the economy and got curious. I don't know much about economics so I will try my best to google terms +# Linear Regression Girl who "may have" figured out the shorting algorithm here. + +I have seen an influx of posts saying they "found the algo" but haven't produced anything more than a graph with lines instead of performing statistical comparison on population to populations and within sample statistical comparison. This has led to a lot of misleading points. If you can't prove it with math and are just drawing lines, it is PURE observational bias. + +# Recent Shit Post + +I've noticed a recent influx of people stating the algo speaks to them and I wanted to address a few posts that uses bad math (actually, no math at all). + +# Using a linear scale for the entire history is not the best idea + +In the past when the exponential floor was making SO MUCH SENSE, I also wanted to look into it. I started with changing from using total net days to just trading and [got this](https://www.reddit.com/r/Superstonk/comments/ny68t6/technical_analysis_from_an_enginerd_that_has_a/?utm_source=share&utm_medium=web2x&context=3). Observational bias would conclude how events affect the price. At this point, I think it's safe to events don't do that. Without more population comparisons, I came up with this chart. + +https://preview.redd.it/ynkc1ecs1na71.png?width=2591&format=png&auto=webp&s=00c541506403750a5652add7d4e0ba395900e774 + +I continued to look into using typical rates of change and removing data from that. In this [post](https://www.reddit.com/r/Superstonk/comments/nzcg0j/simple_linear_regression_using_real_world_data/?utm_source=share&utm_medium=web2x&context=3), I figured the rates of change from one day to the next would be helpful. Again, another inaccurate assumption since I wanted to make the exponential floor work somehow and explain why it was deviating at the time. (This is a continuation of an idea that I believe to be incorrect.) + +https://preview.redd.it/thkt9ypv2na71.png?width=793&format=png&auto=webp&s=0b85ce6686ba22a2f46680d1b40ce32c559301c2 + +Currently, we are seeing this [post](https://www.reddit.com/r/Superstonk/comments/oi10y3/the_algorithm_it_speaks_to_me_it_says_400_this/?utm_source=share&utm_medium=web2x&context=3) which is using the same idea of applying a linear equation to the overall timeline. Like the exponential floor, it places a flat line but instead of the low, it is using the closing price. From my listed examples above even when I did use some sort of math to determine a line, the underlining assumption of having a single line to describe everything was incorrect. + +https://preview.redd.it/9y2u2lt53na71.png?width=960&format=png&auto=webp&s=4dc6b3657f229b8ab1e2e383666b2cb800db64e2 + +There are some really concerning things about this: + +# The most fucking important one!! + +When we post DD to SuperStonk, it is meant to be reviewed by peers. I know my limitations such as finance stuff so I like to have those people chime in. I also do it so anyone can tell me I'm wrong. I've already admitted and accept to that I have been wrong in the past. However, some people who post DD do not take kindly to their posts being challenged. + +&#x200B; + +https://preview.redd.it/mqkj2zkm3na71.png?width=869&format=png&auto=webp&s=575158abe514c240f4e3570a4f35d1aeb92c1202 + +https://preview.redd.it/o9hcyi7r3na71.png?width=735&format=png&auto=webp&s=fccfdb8bcd68bc979281d757af82d60edc3eb27d + +https://preview.redd.it/d071cu6v3na71.png?width=844&format=png&auto=webp&s=df07948e0230d8f05a0e06fcd36972dd09589419 + +# Overall Thoughts + +We post DD for peer review. Sometimes, we are right and sometimes we are wrong. Despite if we like the response or not, it should be taken into consideration for the next series of DD. For any given DD, OP should be able to defend their argument or at least take it into account for the next series. + +Just because you like what you see, does not mean it is right. The term "observational bias confirmed" is meant to be used a satire and not the center point of any authentic DD. + +Edit / add-on: I am not saying to not do any TA. I am expressing if you are going to make a point, be prepared to have it backed by some fact based evidence as well as to be criticized by your fellow apes. It is not what the topic is. This is discussing how it is being presented and accepting how it may be reviewed. + +# Question everything. + +I believe the "Possible DD" and "DD" flair should be removed and replaced by "Speculation" until it has been successfully peer reviewed. Mods would then grant the "Possible DD" or "DD" flair for (potentially) accurate submissions and "Debunked" for incorrect ones. + +# Ape Level Situation + +Let's say you're watching the news, and in the news, this article is talking about a subject that you have vast knowledge on. You immediately know it's wrong and get pissed and annoyed. Then, what typically happens is you read the next article (which is about a topic you have little to knowledge about) and you immediately accept whatever it saying is truth despite how both of these articles came from the same newspaper. The newspaper here is r/SuperStonk and each article is a post. + +Edit: TL;DR: Ultimately DD doesn't matter. Some are accurate, however, a lot of it is wrong. Take DD as a "fun" flair. The only thing that matter is buy and hold. + +Edit 2: ape level situation + +Edit 3: better wording for easier understanding + +Edit 4: I wrote this post the way I did so I could show how I have been wrong in the past with some of my analysis. However, with each failed research, a new and better one has been created through the inputs of my fellow apes. It's ok to be wrong. Just learn from it. + +Edit: removed intro image because I misinterpreted it as satire. +So I got bored and built this weird Iron Condor on AMC: + +&#x200B; + +[Iron Condor positions. A bit weird because I couldn't get enough volume on the 49 strike to fill it, so gave up and sold the 45 instead.](https://preview.redd.it/slozkic9fw571.png?width=1112&format=png&auto=webp&s=980ad70c1d24c2fc15e1d209f7ad1fb5e2685695) + +The raw numbers are sort of scary, but the net premium was $56,321.89 and the max risk is $60k, so max loss is $3678.11, and max gain is the premium. I legged in by selling the put spread first for a 69 cent credit (nice), then sort of waited for the call credit spreads to fill. + +In case you prefer crayons to numbers, here is a model at expiry: + +&#x200B; + +[P\/L at expiry. optionstrat.com is amazing.](https://preview.redd.it/omys9yzhbw571.png?width=1938&format=png&auto=webp&s=974435e23b199cd32dce9c303ef6503d2fc5c7e3) + +So I guess I hope AMC is between $38 and $45 in mid December? + +# ytho? + +Like I said, I was bored. Waiting on actual positions to pay off, but too cautious to just buy meme stocks. As you can see by the basis on my AMC tracking share, if I had just gone long on AMC I'd be up big time, but I didn't have much cash free, and I didn't want to gather it into a pile and burn it. I wanted to find some way to profit off the AMC craze with more defined risk. + +Since I got $56k up front, and the spread width is $60k, I figure I need about 6.5% return between now and Dec 17th to make it lossless. So I used the premium to buy 2457 shares of PSTH @ 22.91. It's already one of my biggest positions, it has a bunch of defined catalysts between now and December, is at least 30-40% undervalued, and downside risk is pretty low. If PSTH moves up to $24.41, I'm good. 2457 more SPARC rights sounds nice too. + +Since its an Iron Condor, I can also profit if IV settles down a bit. Who knows if that will ever happen. If I can close it this fall at 50% gain I probably will. + +I realize there is risk of early assignment on the short options, but worst case I could cover it out of PSTH or other positions. I'm hoping the high IV/no dividend AMC makes that unlikely. + +I thought about going bigger, but the worst-case scenario (early assignment) already felt risky enough. I just want to see how it goes. Is there some other risk I'm missing? +I first saw this theory in a post by u/-einfachman- and this is my adaptation. + +# + +# Introduction + +&#x200B; + +When you short a stock, you need assets to maintain that position. If the price of that stock goes up, the person you borrowed it from needs to know that you’re still good to buy that stock back and return it. + +&#x200B; + +For example if I short a stock at $100 and it goes up to $150, I need to prove that I have $50 in assets I can sell to cover the short with. + +&#x200B; + +I also need to pay a borrow fee for the service the lender is offering me. + +&#x200B; + +For example if I short a stock at $100 on a 1% borrow fee and it stays at $100 for the next year, I now need an additional $1 to maintain my position. This is the classic theory behind “we can stay retarded longer than they can stay solvent”. + +&#x200B; + +I can also plot this decay mathematically. + +&#x200B; + +A = P(1 + rt) + +A = 100 (1 + (0.01 \* 1)) + +A = $101 + +\*A=Net Liability, P=Initial Short Price, r=Rate of Growth/Decay, t=Time + +&#x200B; + +And from this we know that the maintenance margin has increased $101 - 100 = $1. So I need an additional $1 in assets to keep my position open. + +&#x200B; + +# Critical Margin Theory + +&#x200B; + +u/-einfachman- has theorized that the resistance we have seen on GameStop over the last 1.5 years is a safe guard against margin calls. + +&#x200B; + +https://preview.redd.it/a1euckdd52491.png?width=2038&format=png&auto=webp&s=3ff43275b5f02febd2355c31e2717947093bf18e + +&#x200B; + +There’s just one thing. + +&#x200B; + +This line isn’t going down with the borrow rate. Not even close. + +&#x200B; + +https://preview.redd.it/tx4yl7cf52491.png?width=1618&format=png&auto=webp&s=e377a0476fe21416d15a26d2fb2b596e273de99c + +&#x200B; + +I’m going to work with 2 dates for this next section (circled above) + +&#x200B; + +https://preview.redd.it/ixi1zneh52491.png?width=942&format=png&auto=webp&s=4f44dde13f20d4fcb6038f4c280db7332afa9948 + +&#x200B; + +The time between these 2 points is 204 trading days or 294 calendar days. 294 days over the 365.25 days in a calendar year is 0.80. Or 294 days is 80% of a calendar year. + +&#x200B; + +So back to the borrow equation. + +&#x200B; + +A = P(1 + rt) + +A = 344.66 (1 + (0.01 \* 0.8)) + +A = $347.42 + +&#x200B; + +And from that we know that the maintenance margin has increased $347.42 - $344.66 = $2.76. + +&#x200B; + +Um… Hey u/scienceisexy, if the maintenance margin only increased $2.76 per share over that period why did we bounce off resistance at $199.41? + +&#x200B; + +Great question u/scienceisexy. + +&#x200B; + +I’m about to speculate, but I’m speculating based on real data so stick with me. + +&#x200B; + +If the Critical Margin theory is true - that is to say that the bounces off the blue line highlighted above are HFs trying to save their ass - the critical margin is deteriorating WAY faster than the borrow rate. + +&#x200B; + +How much faster? This is the cool part. I’m going to use the same dates as above. + +&#x200B; + +A = P(1 + rt) + +*\*\*quick algebras* + +r = ((A/P) -1)/t + +r = ((199.41/344.66)-1)/0.8 + +r = -0.53 + +&#x200B; + +Holy shit. So the maintenance margin is going up 53% every year… + +&#x200B; + +But hold onto your seats because there’s a catch. The stock price from June 2021 -> March 2022 went down. -42.5% from peak to peak to be exact. So someone made 42.5% on their short position but the maintenance margin is STILL up 53%. I want to hammer this home. The 53% increase in maintenance margin INCLUDES the 42.5% profit that was made. That means the actual rate of decay on the critical margin line is 95.5%. + +&#x200B; + +I’m going to round up to 100% and you’ll see why in a second. + +&#x200B; + +And just one more time because this is crucial. I short a stock at $100 on a 100% borrow rate. The stock goes to $50. I have made +$50 from my short position but lost -$100 due to the borrow fee. So I’m $50 closer to being margin called. This is why the blue line has a negative slope. + +&#x200B; + +The average borrow rate of GME is 1% over that period, but the critical margin is increasing as if the borrow rate was 100% (95.5% to be exact). That doesn’t make sense. Is there some sort of financial tool out there that would give you 100x leverage on a stock? Hmm… + +&#x200B; + +Well, option contracts get sold in groups of 100. What a coincidence. + +&#x200B; + +Back to our $100 stock example - let’s say that instead of borrowing and selling a stock, I borrow an ITM Put contract, which gives me the ability to sell 100 shares at a given strike price. I exercise it, and sell those shares. + +&#x200B; + +100 shares in a contract, 1% borrow fee per share. Well look at that, 1% \* 100 is 100%… + +&#x200B; + +It might not be Puts but some other financial tool like swaps. But the leverage is undeniable. + +&#x200B; + +Today, the critical margin is at $169.10 (nice). One +30% day and hedges are potentially fuk. There’s more research to be done here and maybe a way to size the real short position - I will post updates accordingly. + +&#x200B; + +tldr: Critical Margin Theory says that the maintenance margin for GME shorts is increasing at a crazy high pace. From circle 1 to circle 2; the price at which someone will be margin called (the blue line) has gone down 53%. I.e. where I would have been margin called at $344 now I'm margin called at $199. Which is crazy because I made money on my short position. If I exclude that profit the real decay is close to 100%. The only way I can see this being possible is if shorts are leveraged through options. + +&#x200B; +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! +We always hear in the news or even on reddit that people are unable to put together a deposit/ save which is usually one of the reasons why they are unable to buy a house. + +&#x200B; + +However, i would be curious to see how many people are in the same situation as me, who actually have a hefty deposit ready but their salary just isnt enough to make the repayments. I know this is pretty rare compared to the "usual situation", but i feel like this isnt talked about enough. + +&#x200B; + +&#x200B; +https://www.marketwatch.com/story/millions-of-credit-card-customers-cant-pay-their-bills-and-lenders-are-bracing-for-the-impact-2020-04-25 + +Millions of Americans are skipping their credit-card payments as the coronavirus pandemic puts them out of work. Banks and other lenders that for years relied on heavy consumer spending to create big profits are preparing to struggle alongside their customers. + +As the economy spirals, credit-card payments are one of the first places where the effects will show up. They are often the first loans people stop paying when money is tight. They are usually unsecured, which means lenders have little recourse if a borrower stops paying. +Im 21 I work as a CNA and I’m getting paid $20 right now and I’m trying my best to save up as much as I can before I start nursing school next semester ( January ). With my bills, living expenses, + whatever else my money goes to I can only save $1500 a month. I work 12 hour shifts so I only work 3 days 1 week then 4 days the next. So I have extra days I can maybe get a 2nd job and make more to put back for savings. Do you guys know of Any side hustles or job recommendations I can do to bring an extra $1000 a month in? +Rent increase by **$50pw** ($217 per month) due to interest rate rises + +*I am not salty I can manage the expense, but just wanted to add light to the conversation of inflation, interest rate and landlord passing expenses* + +https://preview.redd.it/7whs96n3u1d91.png?width=1453&format=png&auto=webp&s=8df42c72bf601fef8053285e4db4e37bcf11d14b +I can't help but feel there is tremendous pressure on the global economy. If any one of these things goes wrong, we could see a massive pullback, and even possibly a crash. The economy is overvalued and overleveraged. + +Obviously a crash in Evergrande could be horrific for the global economy. + +The infrastructure bill seems like a Mexican standoff. Many companies are riding on hopes of it passing. While others are terrified of the possible inflationary pressures and corporate tax increases it could bring. Every company will need to be valued differently, as the taxes will affect their earnings. + +The fed situation is a real mess as we all know for many reasons. Similar to the corporate tax, valuations will be dramatically impacted in rising interest rates. + +Commodities seem like a great place to store cash if inflation kicks in high gear or if the infrastructure bills sail through, but if we do in fact have a global economic slowdown, they likely will not fair well. + +I'd love to hear how other value investors evaluating the situation? +This is **not** my DD, it's from a guy called Tiago Dias. I just wanted to share it given how crazy detailed/in depth it is. This full text is just part 1 as well... + +Part 2: [https://tiagodias.substack.com/p/aflac-incorporated-part-2](https://tiagodias.substack.com/p/aflac-incorporated-part-2) + +Part 3: [https://tiagodias.substack.com/p/aflac-incorporated-part-3](https://tiagodias.substack.com/p/aflac-incorporated-part-3) + +## What is AFLAC? + +As per their 10-K report, AFLAC is: + +***Aflac Incorporated*** *(the Parent Company) was incorporated in 1973 under the laws of the state of Georgia. The Parent Company and its subsidiaries (collectively, the Company) provide financial protection to more than 50 million people worldwide.* ***The Company’s principal business is supplemental health and life insurance products*** *with the goal to provide customers the best value in supplemental insurance products* ***in the United States (U.S.) and Japan.*** *When a policyholder or insured gets sick or hurt, the Company pays cash benefits fairly and promptly for eligible claims. Throughout its 65 year history, the Company’s supplemental insurance policies have given policyholders the opportunity to focus on recovery, not financial stress.* + +In other words, **AFLAC is an American Insurance Company operating primarily in the United States and Japan.** + +Japan in fact provides around 2/3rds of their revenue via their subsidiary AFLAC Japan. + +Their business model involves collecting premiums from their clients, and paying some cash directly to them (or their beneficiaries) if their clients have some health issues or pass away. + +**They make money by paying out less than they collect, as well as by getting some investment returns on the premiums they have collected.** + +This is a boring, simple and easy to understand business model, and as long as they didn’t massively miscalculate how much money they will have to pay out to their customers, there isn’t really a lot that can go wrong. + +In short, AFLAC is the type of business where regular and consistent revenues and profits are made, which is ideal for a long term buy and hold investor. + +## Strengths and Weaknesses + +No company is perfect, and every company has their own strengths and weaknesses. + +AFLAC is no different, and the way they are structured and the markets they participate in make some of those strengths clear, and some of the weaknesses also. + +## Strengths: + +* Insurance is a highly regulated field, which reduces new competition +* Enduring Competitive advantages have allowed it to capture 25% of the Japanese health and life insurance market +* Low payout ratio permits regular dividend increases into the future +* They have demonstrated a long standing commitment to returning capital to shareholders via dividends and share buybacks + +## Weaknesses: + +* High exposure to the Japanese Market and Yen-USD currency fluctuations +* Complex regulatory environment means the company is exposed to political risks and caps potential profits +* Covid and other significant disasters may heavily impact the company +* Stagnating revenue and earnings in the past 10 years + +That last bit maybe be a bit of a sticking point for most investors, after all, few people want to invest in a company that is making less money today than it made 10 year ago. + +Indeed, if your investment objectives require aggressive and continuous growth of revenue and bottom line, then I don’t believe AFLAC is the company for you. + +But for someone who is happy to get a steady and consistent business, at a price that is below what i believe is their fair value, then AFLAC may be the stock for you. + +What do i mean by that? Well, let’s have a look at their numbers… + +## Income Statement + +Let’s see the key numbers over the past 10 years: + +https://preview.redd.it/j4hcouw2q5v61.png?width=1438&format=png&auto=webp&s=739b453f0b286de5e1821084a95102d9a4ae99c4 + +A bit too confusing? Let’s make some charts: + +https://preview.redd.it/a7io7qh4q5v61.png?width=1003&format=png&auto=webp&s=72340fc2e74067b4186a2d5649f7cc4cfe20d2c0 + +So **revenue has been pretty flat**, having peaked in 2012 at around 25 Billion USD. That’s also around the time that the yen had some pretty severe appreciation against the USD: + +&#x200B; + +https://preview.redd.it/m5tcj686q5v61.png?width=925&format=png&auto=webp&s=77d8d5ce9b0ed28910261480ad1c94dae26e5bff + +Given that most of the companies revenues and profits come from Japan, where 2/3rds of its business is made, it’s fairly **safe to say that the exchange rates played a major role in the revenues being flat.** + +That being said, the company has been **consistently profitable throughout,** doubling its net earnings over this 10 year period. + +Another important thing to keep track of, is the interest expense. Companies with high interest expenses are usually heavily leveraged, which isn’t good for long term investment risk adjusted returns. + +In general, low long term debt is a good indication of a company with a durable competitive advantage, and **AFLAC has consistently kept their debt expenditures at around 1% of revenue.** + +Their **margins are also looking very good**. Generally speaking companies with pre-tax profit margins consistently above 20% have some sort of competitive advantage that make them profitable to own as I [discussed this in a previous post](https://tiagodias.substack.com/p/the-search-for-a-durable-competitive). + +The fact that AFLAC has managed to **consistently keep their margins around a very healthy 18.1% is a very good indication** that the company has an above average competitive advantage. + +Let’s have a look at their “Per Share” Metrics: + +https://preview.redd.it/3st7yv48q5v61.png?width=1417&format=png&auto=webp&s=7b75001c48e6e238b9cab61603515d78be234745 + +So their per share earnings have **consistently increasing**, and they have been **buying back shares every year.** + +Buying back shares can be both good and back. It can be a way to transfer wealth to shareholders without it being taxed, or it can be a way for management to financially engineer their way into bonuses or extra compensation. + +In this particular case, I’m not too concerned. The business is stable, and the buybacks look like they are a long standing commitment to returning capital to shareholders in a tax efficient way. + +That being said, we now have 716 192 million shares outstanding, but we started with 473 085 million… What happened in 2018? + +The answer is simple, there was a [2-for-1 stock split in 2018](https://investors.aflac.com/stock/stock-dividend-split-history/default.aspx). Nothing out of the ordinary, it just means their stock became so expensive that the company decided to split it so new investors wouldn’t have to drop $100+ just to get a share. + +This means that someone who bought 1 share in 2010 at $4.92 earnings per share, would effectively be earning $13.34 per share. + +That’s a **CAGR of 10.49%,** not too bad for a company whose revenues and earnings have been stagnant since 2012 due to currency headwinds! + +## Balance Sheet + +Here’s the balance sheet as of December 31st 2020: + +https://preview.redd.it/jc731zcaq5v61.png?width=530&format=png&auto=webp&s=99d2e9f2a532dd1fc41a71d1707dfe7b842c8719 + +There’s a lot to unpack here, but lets keep it simple and look at the key numbers i highlighted. + +https://preview.redd.it/zxbk24ibq5v61.png?width=506&format=png&auto=webp&s=1e1490ca37f6fcda31c78ea9d1a70653bebc6070 + +Here you can see the assets, these are things the company owns and that it can sell for some cash. + +The first thing you’ll notice in the assets is that the vast majority of AFLAC assets are in the section labelled “**Total Investments and Cash**”. Insurance companies are usually required to keep enough cash in either cash, or low risk assets such as government bonds. + +These are low return on investment assets, however they have the benefit of being highly liquid. That is, they can very quickly and very easily be turned into cash on hand without any major loss of value in doing so. + +What this effectively means is that **90% of AFLAC assets are either in cash, or as close to cash as you can get.** + +When you buy AFLAC, you’re not just buying a profitable company, **you’re also buying a pile of cash.** + +How big is that pile? Well, to find that out we need to have a look at the liabilities: + +Here you can see the assets, these are things the company owns and that it can sell for some cash. + +The first thing you’ll notice in the assets is that the vast majority of AFLAC assets are in the section labelled “**Total Investments and Cash**”. Insurance companies are usually required to keep enough cash in either cash, or low risk assets such as government bonds. + +These are low return on investment assets, however they have the benefit of being highly liquid. That is, they can very quickly and very easily be turned into cash on hand without any major loss of value in doing so. + +What this effectively means is that **90% of AFLAC assets are either in cash, or as close to cash as you can get.** + +When you buy AFLAC, you’re not just buying a profitable company, **you’re also buying a pile of cash.** + +How big is that pile? Well, to find that out we need to have a look at the liabilities: + +&#x200B; + +https://preview.redd.it/78tp45deq5v61.png?width=505&format=png&auto=webp&s=6152dff663af7be9d65696cc4dbdc89486fe06e2 + +In **yellow**, you can see the **total policy liabilities**, this is essentially money that the company owes its clients as a result of the policies that it sold. In a way, you can think of this as the cost of the goods (policies) it sold, and higher amounts here, generally indicates more business being made. + +In **light orange**, you can see the **notes payable and lease obligations**. This is essentially the companies long term debt, and you can see that its only a very small amount of all of their liabilities. + +In fact, if you compare it with its net earnings, we can see that **AFLAC can pay off all of its long term debts in only a couple of years** if it really needs to. + +This is a very encouraging sign, because companies with a durable competitive advantage generally don’t need to make use of large amounts of long term debt. + +Finally in **dark orange**, we see the total liabilities, that is, everything that the company owes. + +With this we can now calculate just how big that pile of cash on our balance sheet is really ours, and which part has to be used to pay our debts: + +https://preview.redd.it/ep9071ngq5v61.png?width=434&format=png&auto=webp&s=15a579b50ee56f6d3f1ef81427067de2a102f0f1 + +So **when we buy AFLAC, we’re also buying a pile of 18 Billion US Dollars!** + +When we consider that its market cap right now is 35 Billion dollars, we can see that about **half of the cost of buying AFLAC is effectively refunded immediately!** + +In essence, we’re buying the business, its earning power, and all of its non-cash assets for around 17 Billion dollars! That’s about as much money as the company earns in 3 years! + +Let’s check out the rest of the Shareholders Equity: + +https://preview.redd.it/dkvlz14jq5v61.png?width=511&format=png&auto=webp&s=2942fc99cdb66c8e93e5e084738d65b9375c43c1 + +See that **retained earnings**? That’s how much money the company earned, and that it chose to reinvest in the business. + +The fact that it makes up the bulk of the shareholders equity means the company has been very profitable indeed. + +The **Treasury Stock** might look bad, with a big negative 15 billion number on it, but it’s actually a good thing! That’s 15 billion that was returned directly to the owners! + +Overall the total shareholders equity is 33 Billion, which is very close to its current market cap. This means that **AFLAC is trading very close to its book value.** + +This is usually indicative of a company in distress, after all, if a company is trading close to the cost of its assets… Doesn’t that mean the market isn’t valuing its business at all? + +Let’s have a look at the values over time: + +https://preview.redd.it/kplwsmclq5v61.png?width=476&format=png&auto=webp&s=2c53c76702e55db5e5b5ed35221792c368a2094e + +So the **cash they have on hand has been increasing over time**, which is pretty good. + +https://preview.redd.it/77zzy7omq5v61.png?width=620&format=png&auto=webp&s=e2ab74f854077a31e1750322350db88d6577fccd + +Their **long term debt has been increasing** as well, though its still low enough to be manageable. + +What about their shareholders equity? + +https://preview.redd.it/zeqc3nynq5v61.png?width=620&format=png&auto=webp&s=150451851bfacb278d7960b5664f444c9ed5907c + +Their treasury stock has been decreasing, which means **they have been buying back their own stock regularly.** + +In fact, those regular buybacks seem to have started around 2012, which coincides with that high watermark in revenues. So it looks like they have been distributing those earnings to shareholders. + +https://preview.redd.it/6odhanlpq5v61.png?width=617&format=png&auto=webp&s=ce761c2f70fe4e05acef1783c6f18b9c61417a57 + +Their **retained earnings has been increasing steadily** as well, which means they have been profitable throughout, and have not spent all of their earnings on buybacks or dividends. + +https://preview.redd.it/95j7a5zqq5v61.png?width=617&format=png&auto=webp&s=3c7b8dd43a486c79f76c3aaa5645215ffc622567 + +Accordingly their **shareholders equity has been on the up and up, more than doubling during this past decade.** + +https://preview.redd.it/q306btbsq5v61.png?width=476&format=png&auto=webp&s=3dd315768db0aaa89855753ceb7f1a48bed64d3d + +## What’s with this valuation? + +How can this be? AFLAC is clearly a profitable company, in fact, in the 10 years we’ve seen it hasn’t posted a single loss and its margins have been a steady 18%. + +And yet, the market is valuing it at close to its book value. Hell, a few months ago it was valuing it at below the cash it had in the bank! + +What is up with this? + +Honestly, I don’t know. + +My best guess is that because **AFLAC isn’t a high flying tech stock,** and is heavily dependent on a foreign market whose demographic prospects aren’t the best, most investors simply overlook it. + +Insurance isn’t a sexy industry like self-driving cars, nor is it as profitable as selling 1000$ iPhones, but to me that’s fine. + +I don’t want sexy. I don’t like high flying tech stocks that never turned a profit. + +**All I want is a nice, steady company that regularly pays me an increasing stream of income, and whose prospects I feel are bright.** + +As far as I can see, **AFLAC is such a company**, so now we just need to calculate the point in which the price that we pay for AFLAC is lower than the value AFLAC provides. + +We will do that in the next post, where we will take all of the data here, and make some simple calculations to come up with what I feel is a fair valuation for AFLAC. + +Part 2: [https://tiagodias.substack.com/p/aflac-incorporated-part-2](https://tiagodias.substack.com/p/aflac-incorporated-part-2) + +Part 3: [https://tiagodias.substack.com/p/aflac-incorporated-part-3](https://tiagodias.substack.com/p/aflac-incorporated-part-3) +I can't help but feel there is tremendous pressure on the global economy. If any one of these things goes wrong, we could see a massive pullback, and even possibly a crash. The economy is overvalued and overleveraged. + +Obviously a crash in Evergrande could be horrific for the global economy. + +The infrastructure bill seems like a Mexican standoff. Many companies are riding on hopes of it passing. While others are terrified of the possible inflationary pressures and corporate tax increases it could bring. Every company will need to be valued differently, as the taxes will affect their earnings. + +The fed situation is a real mess as we all know for many reasons. Similar to the corporate tax, valuations will be dramatically impacted in rising interest rates. + +Commodities seem like a great place to store cash if inflation kicks in high gear or if the infrastructure bills sail through, but if we do in fact have a global economic slowdown, they likely will not fair well. + +I'd love to hear how other value investors evaluating the situation? +#### Summary + +* Stock: *Chipotle Mexican Grill, Inc. (NYSE: CMG) common equity* +* Market cap: $43.0bn +* Rating: *Reduce* +* Price: $1,590 +* Target: $1,192 + +[Three-year investment performance](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F3569ecc9-a69c-4d4f-9797-ea1f5f4bdaaf_1200x742.png) (*source: S&P Capital IQ*) + +••• + +#### Setting the stage + +*Chipotle Mexican Grill, Inc.* (NYSE: CMG) owns and operates fast-casual Mexican restaurants. The company makes money in two ways: First, they sell burritos, burrito bowls (a burrito without the tortilla), quesadillas, tacos, salads, and drinks. Second, if the customer wants their order delivered, the company charges them a fee for either handling or outsourcing the delivery to a third party. The company started in Denver, Colorado, in 1993 and now has 2,918 U.S., 44 international, and four non-Chipotle restaurants. + +Over the last few decades, demand for Mexican food in the U.S. has exploded. Mexican food is now the most popular ethnic food in the 27 South-Western-most states, while Chinese is the most popular in the 22 to the North-East, and Thai is the most popular in Alaska. Migration and changing consumer tastes drove these trends. Hispanic migration to the U.S., especially the South West, grew significantly from 1970 to 2020. The most significant proportion of new arrivals were from Mexico. According to The Pew Research Center, the Hispanic-American population grew by 2.3% per year, going from 9.6m in 1970 to 62.1m in 2020. This rate was much faster than for the total population, which grew at just 0.8% per year. Hispanic-Americans are now 19% of the total population. These expats introduced new tastes, techniques, and food cultures to the places they moved, and demand took off. + +[The Hispanic-American population has grown](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F12ecf3b5-8224-4de7-a067-bce890bf5c73_1200x742.png) (*sources: The Department of Homeland Security, The Pew Research Center*) + +Rising demand made way for increased supply, and new Mexican restaurants opened. Over the last decade, the number of these restaurants in the U.S. has grown at 2.5% per year, going from 38k in 2012 to 47.5k in 2021. Moreover, people are eating and spending more at these restaurants. In 2012, the Mexican restaurant sector turned over $42bn. In 2021, it did $67bn. Chipotle rode this wave by expanding aggressively to grow and take market share. In 2012, the company brought in $2.7bn in revenues giving them 6.5% of the market. In 2021, they brought in almost 3x that, $7.5bn, and had 11.3% of the market. + +[Chipotle expanded & took market share](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F962fe981-0fec-4c88-a029-5c3e27af6cff_1200x742.png) (*sources: company financials, Statista*) + +This growth came from the company opening new restaurants, attracting more customers, and raising prices. From 2012 to 2021, the company opened 1,556 new restaurants on a net basis, while revenue per restaurant increased from $1.9m to $2.5m. However, growth isn’t free, and new restaurants require capital investment. In 2012, the total amount of operational capital invested in the business was $1.8bn, or $1.3m per restaurant. In the decade since, the company has ploughed $2.65bn net of depreciation, or $1.7m per new restaurant, back into growing the business. This reinvestment was aggressive but efficient. New restaurants didn’t cannibalise sales from existing ones, and the company’s revenue to capital ratio averaged 1.5x. + +[Reinvested aggressively but efficiently](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F637ad56e-b66d-4517-bd59-235cf3f5b03c_1200x742.png) (*Adjusted invested capital includes capitalised leasehold commitments. source: company financials*) + +It hasn’t been all smooth sailing for the burrito chain, though. Salmonella, norovirus, Clostridium perfringens and E. coli outbreaks between 2015 and 2018 destroyed the company’s profitability and reputation for fresh, sustainable, and healthy fast food. After eating at Chipotle, more than 1,100 people got sick over those four years. The Justice Department charged the company with violating federal law by adultering food and fined them $25m. In 2016, following the 2015 E. coli outbreak that closed their 43 Oregon and Washington restaurants, the company hired a new head of food safety and upgraded its food safety program. Changes included having all employees wash their hands every half hour, having two employees verify food sterilisation instead of one, and using pressure to pre-treat ingredients. + +[Profitability was walloped in 2016](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1daaed95-6156-4101-9665-231ff8f54b25_1200x742.png) (*Adjusted operating margin includes the effect of capitalising leasehold commitments. source: company financials*) + +These health scandals meant the company wasted lots of food, driving the cost of goods up. But the most significant increases were in labour and distribution spending to support the new safety processes and marketing to bring customers back. In the four years leading up to the 2016 scandal, the company spent an average of 23% of revenue on labour and 11% on other operating expenses, including distribution and marketing (1%). These expenses have averaged 27%, 15%, and 3% in the years since. + +[New food safety protocol drove labour & distribution costs up](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fbeaa18c2-822b-47ca-93db-450911b27568_1200x742.png) (*source: company financials*) + +Chipotle has effectively put these scandals behind them, improved food safety, and won back customer trust. The company’s gross profit margin, which fell from 38% in 2015 to 29% in 2016, has steadily crept back to its pre-scandal level and is in line with its six largest listed peers (*McDonald’s Corporation*, *Starbucks Corporation*, *Yum! Brands Inc.*, *Domino’s Pizza Inc.*, *Restaurant Brands International Inc*, and *The Wendy’s Company*), but is better than 70% of all listed U.S. restaurant businesses. + +Paying for the food safety program has meant that Chipotle’s operating margins, although they’re in the industry’s top quartile, are still below pre-scandal levels. In 2015 they were 17%, but in 2021, despite recovering from their 2016 low of 2%, they have only recovered to 11% and are far below the average of their large peer set. The difference between the company’s margins and its peers’ margins was 3% before the scandal. Since then, the gap averaged 21% but shrank to 16% in 2021. + +[Chipotle's operating profitability lags its large peers](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fa0ad4416-bba7-4432-9f1f-044d5686ffb3_1200x742.png) (*source: S&P Capital IQ*) + +This difference is caused by increased costs and by the owner-operator model. Of the 50 largest fast-food businesses in the U.S., Chipotle and *In-N-Out Burger* are the only ones with no franchise model at all. All the others are predominantly franchised. For example, *Taco Bell*, often considered Chipotle’s biggest rival, has 93% of restaurants run by franchisees. As a result, when costs go up, the *Taco Bell* restaurant franchisee bears the cost while the parent company, *Yum! Brands Inc.*, continues to collect royalties. On the other hand, Chipotle has to eat all the costs itself. Operating a restaurant is a dramatically different business model to rent and royalty collection. + +••• + +#### Story & valuation + +>*Chipotle Mexican Grill, Inc. is a U.S.-focused Mexican fast-casual restaurant owner and operator. Economists expect the domestic market for Mexcian restaurants to grow at 6.7% per year, while Chipotle will expand its market share by opening new restaurants; they’re targetting 250 next year. Improved scale and a focus on operational efficiency within the restaurants and through distribution will help contain costs. However, inflationary pressures will build, and Chipotle will have to continue raising prices. The scale and pricing power will power margins up to the top decline of the industry, but they will never be as high as the big franchisers.* + +***Growth:*** Economists forecast the U.S. Mexican restaurant market to grow from $67bn in 2021 to $93bn by 2026. Management expects to open between 235 and 250 additional restaurants next year, an increase of 8.5%. The attractiveness of the Chipotle brand and the quality of the product will help them continue raising prices at or above the inflation rate. By adding new sites, improving operational efficiency to service more customers per site, and growing digital sales, the company will be able to expand its market share from 11% to 16%. I forecast the company to grow at 14.5% per year and almost double its revenue to $14.8bn by 2026. + +***Margins:*** As the business grows, the increased scale will reduce the relative size of their fixed costs. Labour and distribution costs will decline relative to revenues. Moreover, by not franchising, the company will maintain control of the brand and quality. As they distance themselves from the food-safety scandals of the past, the company will be able to maintain pricing power and reduce the amount it spends on marketing. By not franchising, they capture all the profitability, but margins will remain tethered to the operator’s model, and margins will never hit the heights of the big franchisers. I forecast operating margins to climb to 22.1%, putting them in the top decline of U.S. restaurant businesses. + +***Reinvestment & taxes:*** The company produces $1.69 per dollar of capital invested in operations. I expect they will maintain this capital efficiency as they expand. The management has a history of selecting appropriate locations for new restaurants, and the economics of opening new sites will not change dramatically. Further, the rise of digital ordering and delivery will add sales without consuming large amounts of capital. I forecast that Chipotle will need to reinvest $4.3bn into growth assets over the next five years. I also model the company’s tax rate rising from the current effective rate to the geographically weighted underlying marginal corporate rate of almost 27%. + +***Free cash flows:*** The company will remain FCF generative and not need to raise capital. It also has $29m of net operating losses that will act as a small tax shield. + +***Cost of capital:*** The company is a restaurant operator that has more operational leverage (0.45x) than most in the industry due to not franchising. The company generates 98.5% of its revenue in the U.S. and the remaining 1.5% overseas, exposing it to some additional though tiny country risk. Based on the company’s interest coverage ratio after capitalising leaseholds correctly and imputing the interest expense, I have assigned an A2/A credit rating and the corresponding 1.3% chance of distress. I estimate the company’s cost of equity is currently 7.93%, its after-tax cost of debt is 2.48%, and the debt-to-equity ratio is 7% giving it a WACC of 7.57%. + +***Add non-operating assets:*** The company has $1bn in cash and equivalents. It also has investments I value at $454m. + +***Less debts & other claims:*** The company owes $3.5bn to landlords, and there are 364k stock-only stock appreciation rights, which I have valued as options, outstanding. + +[Valuation output](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fc42b5e1d-6d42-4c0b-9208-87c914f4b717_1654x1414.png) (*source:* [*Valuabl*](https://valuabl.substack.com)) + +Each share has an intrinsic value of $1,192 and at the current price, $1,590, the investment has a 25% downside. + +••• + +#### Sensitivity analysis & rating + +>*Monte-Carlo Simulation is used to model uncertainty by assuming that the inputs to the valuation model will come from probability distributions around the estimates.* + +[Monte-Carlo simulation output](https://cdn.substack.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F35ca963f-6b48-4701-ad54-6df550e1e85c_1200x742.png) (*source:* [*Valuabl*](https://valuabl.substack.com)) + +*Buy •••••• 10th:* $626 +*Add •••••• 30th:* $891 +*Hold ••••• 50th*: $1,121 +*Reduce ••• 70th:* $1,442 +*Sell •••••• 90th:* $2,105 + +The current price of *Chipotle Mexican Grill, Inc. (NYSE: CMG) common equity* is $1,590 and is at the 77th percentile of the Monte Carlo sample of intrinsic values. For this reason, it has a rating of *Reduce*. The shares are slightly overvalued. I do not already own these shares, but if I did I would be trimming my position. +Started my MBA last week. This week (in Statistics) we were told about how Beta is a measure of 'risk' when using Capital Asset Pricing Models (CAPM). + +I had to hide my eye-roll from the lecturer and I think Warren & Charlie would have gotten a kick out of this one! +I think the above described rule hurts this forum, as unlike things are grouped in the daily threads, leading to epic length daily threads with all sorts of unrelated content jostled together, and discourages multi-day discussion on a particular topic (say, for example, a nuanced discussion on how to determine equity/bond allocation of an investment portfolio). Compared to r/fatfire, r/leanfire or r/investing, this forum seems flat and undersized and I think the above rule is a primary cause. + +Edit: This this thread disappeared after about 35 minutes and 20 comments this morning, I'm assuming due to complaints and auto-moderation. It just opened up again this afternoon, presumably due to a manual release by one of the moderators. So kudos to you phantom moderator for allowing free discussion. +We all saw the post from GameStop today on their Instagram and Twitter page. (Also Facebook?) + +My theory is that they either received the first batch of proxy votes and it’s more than 100% or we surpassed the 100% just now and they are going to post soon. + +TLDR: we are going to the moon and GameStop is waiting for us. + +EDIT: they edited GS (GameStop) on his right arm. My ape tits are jacked +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +*I'm just gonna start off by saying that this is a sequel to* [*The MOASS Preparation Guide*](https://www.reddit.com/r/Superstonk/comments/mm5qle/the_moass_preparation_guide/)*, a post I wrote a few months ago. I felt it deserved an updated version considering so much that has happened recently, also i've learned a lot since then. This guide will be pretty in depth but don't worry, my view is that when you're explaining something, always imagine you're talking to a 5 year old (ELI5). So make yourself a cup of coffee, and grab a tasty crayola and enjoy.* + +*The subsequent sections are as follows:* + +* *Pre-liftoff preparation* +* *D-Day* +* *During the MOASS* +* *Immediate Aftermath* +* *Long term aftermath* + +\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +Please read though this as i believe it is important that we all have an understanding on the game plan 🚀 + +# Pre-liftoff Preparation + +https://preview.redd.it/pskg3gxrka871.jpg?width=1280&format=pjpg&auto=webp&s=09b3bccc95d16594bc2a8cf9e5307e08eaf11058 + +* **Brokers preparation** \- I think everyone should take the time to understand the nuances and rules that the broker applies on trading. Some brokers may have some sneaky fine prints. So you should make sure that nothing can get in the way of you and your tendies. + * Take note of the brokers that previous placed trade restrictions [here](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/). + * some brokers (Trading212 for example) have decided to restrict buying if you do not agree to their share lending program (*Do* ***NOT*** *agree to this.*) + * If you have all your shares in one of these bad brokers and can't transfer, don't sweat it too much. **JUST DO NOT SELL YOUR SHARES.** The message was clear as crystal in January: if they prevent free trade like Robinhood did then that means they will lose customers and face litigation, so i *hope* for their sake that they have prepared for this. + * It also wouldn't hurt to email your brokers customer service and ask them "*will you prevent me from selling if the price goes to X amount?*". Additionally, i would recommend keeping documentation, screenshots and recordings of your positions just incase f\*ckery arises. It's good to create a paper trail just incase you need to bring them to court. +* **Back up broker** \- If you can, open up an account as soon as possible on a reputable broker and buy at least 1 share. Don't aim to maximize gains but to minimize the regret of missing out just in case your broker decides to f\*ck you. The rule of thumb is usually that commission based boomer brokers with horrible user interfaces are the most trustworthy. See the "good brokers" in the link above. +* **Diversify Brokers -** if you can, spread out your holdings across multiple brokers. Also take note of what clearing house they use. You don't want to be caught up in some f\*ckery where both brokers wont let you sell because they share the same clearing house. A solution to this could be to transfer shares. Some brokers allow you to transfer shares to others, but small "shit" brokers like eToro for example, do not. If thats the case then **hold** tight and buy on a different broker, if you wanna buy more shares. + * Here is a [list of some brokerages](https://investorjunkie.com/stock-brokers/broker-clearing-firms/) and the respective clearing houses they use. + * Here is a list of [brokers who placed restrictions](https://www.reddit.com/r/Superstonk/comments/mowzjk/the_broker_preparation_guide/) in a follow up post i made. + * Trading212 for example: they're becoming Robinhood 2.0 now as they decided [to place buy restrictions](https://www.reddit.com/r/Superstonk/comments/oa7nq4/fud_alert_t212_simply_do_not_agree_to_terms_hold/) if you don't agree to their share lending program. Admittedly, I am a Trading212 customer. So this is why you should diversify brokers, you never know when they are going to pull some shady shit. + * *side-note*: I would stay away from brokers that use Apex Clearing, they're shady as shit. +* **Order Routing -** Order routing is when an order to buy or sell a stock is sent from your broker to an exchange. There are two kinds of exchanges: ***Lit pools and Dark pools.*** + * Dark pools do not display prices at which participants are willing to trade (**ie; in the dark**), whereas lit pools do show these various bids and offers in a stocks. It's been said that the naked shorting gang pay millions to brokers to have millions of orders routed through their own dark pools, to which they can perform shady business (skimming cents off the spread of every order, suppressing buying pressure etc). + * **This brings me to my point:** If you are thinking about buying some shares, you should route it through IEX, which is an exchange that was made in order to mitigate the affects of high frequency trading. [Oh hey, look! Our friends at Citadel don't like IEX](https://www.reddit.com/r/Superstonk/comments/oa7st6/citadel_really_doesnt_like_iex_if_you_have_the/?utm_source=share&utm_medium=web2x&context=3). +* **Cash account, not margin -** if you haven't already, request your broker to change your account from a margin account to a cash account. This way your shares are entirely your own and aren't being lent out to short sellers. Note that you need to have no options or short positions active with your account before you do this. If you are reluctant to switching your account then make sure that you have no withstanding deficits in your account so you don't get margin called and your broker automatically closes positions without your consent. Yes, this has happened to people before. +* **Online Security** \- If you have learned anything from all this it's that you should not trust anyone. Take the time to enable two-factor authentication on your bank/broker accounts. Also you should have a different password for each account, preferably 20+ characters with a mixture of alphanumeric characters and symbols. + * Do not use public wifi to log into your broker account. + * Use a VPN when possible. +* **Taxes** \- It is crucial that you learn about your countries [capital gains taxes](https://www.investopedia.com/terms/c/capital_gains_tax.asp). I would go deeper into this, However different tax rates apply in different countries depending on how long you are holding the stock. To keep this general for all users i will say Just google "*what are the tax laws for stocks in <my country>?*". (If you're a smooth brain, dont worry. I have the solution for you in immediate aftermath section) +* **Prepare a personal balance sheet** \- It may be a good idea to prepare a balance sheet. A balance sheet is a snapshot of net worth and lists all your assets, liabilities, cash etc. This will make your life (*and your accountants life*) easier when you need an accountant. If you need a better understanding of balance sheets see this [video here](https://www.youtube.com/watch?v=hhKO6MRvk_c). +* **Mental preparation** \- This one isn't so obvious, but please prepare yourself for seeing life changing money in your possession. Have a long think what you are going to do with this money. And as a side note: try to not tell too people you're invested, the less people know the easier your life will be. + +# D-Day + +https://reddit.com/link/oakqvt/video/rxsvzjnska871/player + +* **Take care of your health** \- Firstly, on the day of lift off you will definitely feel overwhelmed with emotions and anxiety. You're probably going to feel a little dizzy seeing the price increase exponentially. Please sit down when you are checking the price. The last thing i want to hear is that a fellow ape fainted and cracked their head because of being overwhelmed with emotions. In my opinion, deep slow [diaphragmatic breathing](https://my.clevelandclinic.org/health/articles/9445-diaphragmatic-breathing) really helps to slow down your heart rate and reduce anxiety. +* **Expect Trading Halts** \- There is a difference between trading suspension and trading halt. Securities exchanges have the power to temporarily [halt](https://www.investopedia.com/terms/t/tradinghalt.asp), in the middle of the trading day, or delay, at the beginning of the trading day, trading on a stock. halts and delays usually last less than one hour. As opposed to suspensions, which can last two weeks. Suspensions are enforced by the SEC + * **In the case of trading halt:** The NYSE may stop trading if the price rises too quickly. This is usually done to prevent massive impulse waves and let people calm down for a few minutes. But this is futile in the setting of a short squeeze, because all shorts must cover regardless. You can also check when GME is halted [here](https://www.nyse.com/trade-halt-current). Do not freak out if the graph flatlines. + * **In the case of trading suspension:** I believe that if the infinity pool happens, meaning shorts literally will not be able to cover the potentially billions of synthetic shares they have created, driving the price to literally infinity, that the SEC most likely implement a trading suspension. We won't know unless it happens. But, who knows? They might not. You can read about trading suspensions [here](https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_tradingsuspensions). +* **BOTS, BOTS EVERYWHERE** \- This could go two ways: either the shorts don't have anymore money to pay shills or we will have a massive influx of bots/shills on here and <*other stonk subs*\> trying to nudge people to sell. They will say something like "wow i sold my 3 shares for 30K" and try to create a narrative that below 100K is the peak. **100K is not the peak.** don't listen to it. we set the price. +* **Reddit might be down** \- during the rally from $40 to $90 in February Reddit inexplicably went offline. It happened a couple of other times before when the price rose considerably. This could be due to a DDOS attack or just too much traffic to the site. Either way, if Reddit does go down don't worry. **We are all still here.** + * The only call to action would be to go to the [SuperStonk youtube](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) channel, which the mods said they will do an emergency broadcast when things kick off. So go there for communication. + * Backup places to check out would be the mods twitter pages + * [https://twitter.com/rensole](https://twitter.com/rensole) + * [https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + * [https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +# During the MOASS + +https://preview.redd.it/54mzc28uka871.png?width=1890&format=png&auto=webp&s=e6554f4f0e276f93d84d22c6cd766167638bd9c1 + +* **Diamond hands** \- This one i cannot stress enough, the mantra is clear: HOLD! If you sell early you creating downward pressure against the MOASS. If the short position is in the billions of shares (which has been theorized) then this shouldn't be too much of a problem, but regardless - **KEEP THOSE HANDS DIAMOND!** The squeeze could last a few days, week or indefinitely. At this point no one knows. Don't feel pressure to sell when it goes $100K+, if the DD is correct (and it has been so far) then we are not stopping add measly hundreds of thousands. + * A **forced buy-back** differs from a **Margin call,** in which a margin call is just a notice to "*increase the amount of money in your account before we close your positions, because you won't be able pay us if this goes any higher*" + * Prime brokers will implement forced buy-back of hedge funds to cover their short positions. This means they will go the open market and buy them for what ever someone is will to sell them for. + * The stock price = the last price it sold for. If the only sells available were asking for 1 million, then that means the price will be 1 million. And since it's likely there **aren't** enough shares in existence to cover the amount of shorting that went on then theoretically this ape filled rocket could blast through the moon and land on Alpha centauri B. +* **Whats an exit strategy?** \- This one isn't so obvious because the we don't know what the peak will be, but you should have an exit strategy: Plan out what you need on the day of selling, where do you need to be? think about that day and visualize it so you aren't overwhelmed with anxiety when it actually happens. As for selling: all i can say on this matter is do not sell on the way up as it's a bad idea. ([~~explained here that you should~~](https://www.reddit.com/r/GME/comments/m073v6/exit_strategy_dd_a_comprehensive_guide_to/)) Use [this exit strategy](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) instead by u/gherkinit: +* **Understand the different types of orders** \- Limit Order, Market Order, Stop Limit Order and Stop Loss Order, explanations on the pro's and cons of each can also be found [here](https://www.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) + * Some people have noted that certain brokers have limits on the amount you can place an order for **online** (in terms of dollar value). Just to be safe make sure you have phone credit and the number for your broker ready to contact them to execute an order if this applies to you. + * Also, some brokers may not even limit orders (Revolut as far as i know). Don't sweat it, this is beyond your control. Just sell on the way down, or don't. I don't care this is not financial advice. +* **Sit down when you decide to take gains** \- When the dust has settled and you decide to take gains, again, sit down and drink some water and breath.. because you may faint or possibly get sick from seeing that you have sold a single share for an ungodly amount. +* **Don't publish your realised gains publicly** \- Obvious one, don't be that person who flaunts the gains online. You are going to cause a lot of fair-weather friends and family to crawl out of the woodwork trying to get their hands on your tendies. It may be tempting to rub it in the faces of the people who doubted you, but just don't. It's not worth it. +* **T+2 settlement -** When you sell a share, it actually doesn't get settled until 2 days after it's executed, meaning you don't actually have the money in your brokerage until 2 days later. Learn about the [settlement violations here](https://www.fidelity.com/learning-center/trading-investing/trading/avoiding-cash-trading-violations) before you start going off buying other stocks with your gains. This T+2 settlement also gives the SEC the power to reverse any transactions they seem fit due to violations. Not meant to be FUD, i just thought its useful to know. I doubt they will start reversing transactions during the MOASS, but if it does occur. **Hold tight, again: we set the price.** +* **WHAT DO WITH MONEY?** \- It should be known that your regular current/checking account is only insured up to $250,000 if you're in the [US under the FDIC](https://www.fdic.gov/deposit/deposits/faq.html) and €100,000 if you are [in the European Union](https://ec.europa.eu/info/business-economy-euro/banking-and-finance/financial-supervision-and-risk-management/managing-risks-banks-and-financial-institutions/deposit-guarantee-schemes_en). So its not advised to dump all your money into your bank account straight away. I would wait for T+2 settlement to clear then invest in value stocks, so you're money isn't tied to your broker, should they have issues. This brings me to the next section... + +# Immediate Aftermath + +https://reddit.com/link/oakqvt/video/hh2kj98vka871/player + +* **Assemble a team of legal and financial advisers:** + * **Lawyer up** \- Hire a [tax attorney](https://www.moneycrashers.com/when-to-hire-a-tax-attorney/) to deal with any problems that may arise from all of this. Hire a family law or estate planning attorney that can arrange a Will for your family immediately. + * side note: do NOT sign anything, from your broker/bank/crayon dealer or anyone if you do not understand it. Make sure you have an attorney read anything you may or may not be asked to sign. + * **Get an accountant** \- Get certified public accountant who helps wealthy families organize their finances and guide you through your finances. + * **Hire a financial advisor** \- Make sure you hire a financial advisor that is sworn to act as a fiduciary (*acting in your best financial interests, not theirs*), preferably with experience managing significant wealth. Make sure you check their certifications and that they aren't trying to push you to buy some insurance policy. The requirements to be a FA aren't concrete so there are a lot of snake oil salesmen that really don't have your best interests at heart. Make sure how you ask how they profit from you being their client and make sure they aren't trying to make commissions. Also, look out for high fees. Minimum advisor fees based on AUM should not be over 1% unless they can justify it with amazing historical returns. +* **Expect to vilified by MSM** \- In the case of a financial crisis, i can nearly guarantee that they will try to blame us rather than the hedgies and regulators who caused it. Pay no mind to mainstream media and stand your ground. + * Expect people to say you just got lucky, expect them to speak as though we are ones who caused this. They will lie, twist and corrupt the truth. Expect your friend who paper-handed a few months back and still think's GameStop is dying brick-and-mortar resent you. You don't need to justify yourself. All of our research has been documented, archived and literally shouted from the rooftops for months. As Michael brrry would say "*I warned, but no one listened*". + * They may also try and backtrack to a pro-GME narrative now that it's not financial in their interest to side with SHFs. Just remember: **MSM is not your friend, these people are allows pushing the narrative that they are paid push. It's literally their business model.** +* **Do nothing with the money** \- this kind of piggy backs off the first point about assembling a team of advisors, but please don't just cash out and go crazy with the money. Sit and think about it for some time. Let reality settle in and decide how are you going to use this money to help yourself and the people around you. Lambos are great but they won't bring you happiness forever. Don't blow that money down the drain. Educate yourself on how wealthy people maintain their wealth. + +# Longer Term aftermath + +* **Expect turbulence in the economy** \- this wont be just contained to the world of GME. This is going to have a ripple affect across the world economy as the powers-that-be, who have been taking advantage of the system loops holes, finally pay their debt. Here is some essentials you should check out (in order) if you haven't already, this is 2008 ~~all over again~~ continued: + +1. [**Inside Job (Full movie)**](https://www.youtube.com/watch?v=T2IaJwkqgPk) \- by [Charles Ferguson](https://en.wikipedia.org/wiki/Charles_Ferguson_(filmmaker)) +2. [**The Bigger Short. How 2008 is repeating**](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) **-** by u/Criand +3. [**A House of Cards**](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) \- by u/atobitt +4. [**The EVERYTHING Short**](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) **-** by u/atobitt + +**High/hyper Inflation -** We need to talk about [inflation](https://www.fdic.gov/deposit/deposits/faq.html). In v1.0 of this guide I mentioned a possibility of inflation, but as more news has come out it's pretty much a guarantee. Also, I didn't give much recommendations on what to do about it. So, i learned a bit about inflation so you don't have to: + +* **The** **What?** + * Since governments have moved away from the gold standard, countries have the power to create money out of thin air through [quantitative easing](https://www.investopedia.com/terms/q/quantitative-easing.asp). + * Inflation is the annual percentage rise in the cost of living. Okay so what does that really mean? Here is smooth brain explanation: If you have $1 in 2020, and inflation rises 10% in 2021, you still have your $1 but you only have the buying power of $0.90 relative to last year. This is why holding onto cash is not good in a high inflationary economy. +* **The** **How?** + * Everyone always says its from over-printing of money, but in reality this is just a symptom of a failing economy, and a byproduct of the citizens lack of confidence in the currency. + * In order to counter these rise in prices, the FED (or central bank) will raise interest rates, essentially reducing the amount of money in circulation. + * The chair of the Fed, JPOW himself, said interest rates won't be [raised until 2023](https://www.cnbc.com/2021/06/16/fed-holds-rates-steady-but-raises-inflation-expectations-sharply-and-makes-no-mention-of-taper.html). However, fear is arising in the stock market as many speculate we have high inflation because the massive amount of "free money" initiatives to help the country get back on its feet, but it's just not being seen due to COVID-19. + * I think it is also noteworthy to say there is a difference between high inflation and hyperinflation. Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation is a measure of the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month. +* **How to protect yourself?** + * Well firstly I'd like to note assets to **avoid** during high inflation: + * [Fixed rate bonds](https://www.investopedia.com/terms/f/fixedrate-bond.asp) + * [Growth stocks](https://www.investopedia.com/terms/g/growthstock.asp) + * [Cash](https://www.investopedia.com/terms/c/cash.asp) (yes, that includes the money in your savings account) + * The **best** investments during high inflation: + * [Real estate/land](https://www.investopedia.com/terms/r/realestate.asp) + * [Commodities](https://www.investopedia.com/terms/c/commodity.asp) (Gold, oil etc.) + * [Boomer Value Stocks](https://www.investopedia.com/terms/v/valuestock.asp) +* **How about crypt-0?** + * I can't name certain coins here because of auto-mod, but you know of the big ones I'm talking about. + * It is assumed that anything with a limited supply will inevitably move with inflation. the loss in confidence people have in fiat currency is prevented with crypt-0-currency as it has an immutable finite supply. + * However, you also need to bear in mind the *utility* of the asset. Just because something has a limited supply does not mean it's valuable (*The 2021 shit-coin craze being evidence of this*) + * In a financial nuclear winter event, it may a case that some coins may become too expensive to mine due to rise in electricity prices, leading to a disinterest/disincentivization in holding the asset and thus reducing it's value. + * Be careful if you decide to hedge with these assets as they are yet to be stress-tested during a financial crisis, some might succeed and many will fail. +* side-note: One silver lining i learned about inflation is that the burden of any debt you may have will be softened as the nominal value of the debt stays the same even as the value of the currency decreases. What does this mean? if you owe money, lets say a mortgage or student loan, it is easier to pay of that debt as it is assumed you wages will increase, while the number of dollars you owe stays the same. (*not that you will have a job after the MOASS anyway ( ͡° ͜ʖ ͡°)* ) + +&#x200B; + +[Taken during the 2011 Ocupy Wallstreet March \(At National i](https://preview.redd.it/4xpmi7xxka871.jpg?width=1908&format=pjpg&auto=webp&s=1b1e4adfcd66be4d4003cbee35d6d0796c96badf) + +*If there is anything else you think should be in here let me know in the comments. This is just my opinion and not financial advice. I am just an ape who eats crayons for fun. This will probably be my last DD before valhalla (financially speaking), I'll finish by leaving you with this image (above \^). Remember what happened in 2008 and don't show any mercy. HOLD.* + +&#x200B; + +\- Socrates ( ͡° ͜ʖ ͡°) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +**TLDR: no tldr you lazy ape, go read it. Its important** + +**\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_** + +&#x200B; + +\- edits 1: Diamond hands section typo : "\*\****aren't*** *enough shares", not "are enough shares"* + +*- edits 2: removed WardenElites exit strategy, added the gherkinit's exit strategy* + +*- edits 3: added mods twitters in Reddit going down section* +All of the suppression and negative narratives surrounding the GameStop movie and trailer was FUD spread by shills. + +When the trailer for the GameStop documentary came out it was impossible to maintain a discussion in this community. I was there, I know. I spend a lot of time in /new, maybe you’ve been there too. Every thread I went into to discuss it were filled with people spreading FUD. And it’s a specific kind of FUD that I’m going to describe clearly in this post. You know it when you see it if you know what to look for. The same kind of FUD was being used to suppress the Charles Gradante video too, and is still currently being used today. + +First off I think that there is no reason we should be hating on this movie as a community. I think Ryan Cohen’s tweet brings this to light. I think the suppression of the trailer for this movie was done by shills and that everything they said was bullshit. In fact we did not know how this movie will portray apes like these FUDers had claimed, because it simply *hadn’t come out yet.* + +Everyone who argued that the movie was inherently negative was wrong all along. I’ve been fighting it since the trailer came out. I really think any press is good press at this point, and I think Ryan Cohen knows that too. All the attention we can get on GME the better, and the more likely that things might actually be forced to change in the markets, and the more likely the MOASS is to happen sooner. + +—————————————————————————- + +Just look at all the posts people tried to make and see how almost all of them have close to zero karma: + + +https://old.reddit.com/r/Superstonk/comments/s3p04s/yall_see_this/ + +https://old.reddit.com/r/Superstonk/comments/s3pdvp/baaamm/ + +https://old.reddit.com/r/Superstonk/comments/s3scdw/on_sticky_floor_webpage_check_it_out_for_yourself/ + +https://old.reddit.com/r/Superstonk/comments/s3wswr/look_at_what_popcorn_has_in_theaters_i_have_not/ + +https://old.reddit.com/r/Superstonk/comments/s3wxip/we_ride_or_die_together_pop_you_heads_out_yo_ass/ + +https://old.reddit.com/r/Superstonk/comments/s3wzpt/anyone_know_anything_about_this/ + +https://old.reddit.com/r/Superstonk/comments/s3x12p/yall_gonna_keep_shitting_on_the_popcorn_company/ + +https://old.reddit.com/r/Superstonk/comments/s3xgar/big_brains_needed_on_the_app_if_you_search/ + +https://old.reddit.com/r/Superstonk/comments/s3xhd9/wtf_is_this_i_saw_this_posted_on_popcorns_website/ + +https://old.reddit.com/r/Superstonk/comments/s3xved/gamestop_movie_coming_out_on_january_28th_might/ + +https://old.reddit.com/r/Superstonk/comments/s3yojw/look_at_this_apes/ + +https://old.reddit.com/r/Superstonk/comments/s41c21/gamestop_movie_real_its_on_twitter/ + +https://old.reddit.com/r/Superstonk/comments/s44fig/jan_1_1900_did_they_create_a_time_machine_or/ + +https://old.reddit.com/r/Superstonk/comments/s45oqf/gamestop_rise_of_the_player/ + +https://old.reddit.com/r/Superstonk/comments/s4ca8a/full_disclosure_i_spammed_this_my_comment_below/ + +https://old.reddit.com/r/Superstonk/comments/s4xcen/you_can_buy_the_new_gamestop_movie_tickets_from/ + +https://old.reddit.com/r/Superstonk/comments/s5ddk2/gamestop_rise_of_the_players_is_a_movie_coming_to/ + +https://old.reddit.com/r/Superstonk/comments/s8nft9/domo_capital_about_the_new_gamestop_movie_rise_of/ + +https://old.reddit.com/r/Superstonk/comments/s8ntd3/definitely_not_feeling_this_were_individual/ + +https://old.reddit.com/r/Superstonk/comments/s8o19l/gamestop_rise_of_the_players_in_theatres_january/ + +https://old.reddit.com/r/Superstonk/comments/s8o1tx/documentary_coming_out_before_the_squeeze_happened/ + +https://old.reddit.com/r/Superstonk/comments/s8owop/gamestop_rise_of_the_players_in_theatres_january/ + +https://old.reddit.com/r/Superstonk/comments/s8p6m7/gamestop_rise_of_the_players_in_theatres_january/ + +https://old.reddit.com/r/Superstonk/comments/s8ppkw/ahm_wut_did_i_miss_something/ + +https://old.reddit.com/r/Superstonk/comments/s8pqdr/not_gonna_lie_a_little_excited_to_see_what_this/ + +https://old.reddit.com/r/Superstonk/comments/s8ps3l/gamestop_rise_of_the_players_trailer/ + +https://old.reddit.com/r/Superstonk/comments/s8q4oh/seems_they_are_making_a_movie_before_the_story_is/ + +https://old.reddit.com/r/Superstonk/comments/s8qh7e/petition_to_boycott_gamestop_rise_of_the_players/ + +https://old.reddit.com/r/Superstonk/comments/s8qikv/console_wars_director_jonah_tulis_underway_on/ + +https://old.reddit.com/r/Superstonk/comments/s8qivh/ganestop_rise_of_the_players_movie_trailer/ + +https://old.reddit.com/r/Superstonk/comments/s8qkxz/wut_is_this_the_real_life_is_this_just_fantasy_or/ + +https://old.reddit.com/r/Superstonk/comments/s8qm62/gamestop_rise_of_the_players_official_trailer_ign/ + +https://old.reddit.com/r/Superstonk/comments/s8r2a4/fuck_it_shills_have_downvoted_every_post_of_the/ + +https://old.reddit.com/r/Superstonk/comments/s8r7v6/gamestop_rise_of_the_players/ + +https://old.reddit.com/r/Superstonk/comments/s8r9q1/can_i_make_this_a_psa_if_you_are_planning_on/ + +https://old.reddit.com/r/Superstonk/comments/s8rbgj/the_upcoming_gamestop_movie/ + +https://old.reddit.com/r/Superstonk/comments/s8rfra/its_getting_pushed_way_too_hard/ + +https://old.reddit.com/r/Superstonk/comments/s8rl4b/the_gamestop_movie_is_set_to_debut_on_128_but/ + +https://old.reddit.com/r/Superstonk/comments/s8rdlt/domo_capitol_on_the_gamestop_rise_of_the_players/ + +https://old.reddit.com/r/Superstonk/comments/s8ruje/official_poster_for_gamestop_rise_of_the_players/ + +https://old.reddit.com/r/Superstonk/comments/s8rz0b/gamestop_power_to_the_players_tickets_are_on_sale/ + +https://old.reddit.com/r/Superstonk/comments/s8rzj1/this_movie_will_be_showing_whether_im_there_or/ + +https://old.reddit.com/r/Superstonk/comments/s8smow/tell_me_in_wrong/ + +https://old.reddit.com/r/Superstonk/comments/s8snu2/yeah_about_that_movie/ + +https://old.reddit.com/r/Superstonk/comments/s8sw8l/back_to_basics/ + +https://old.reddit.com/r/Superstonk/comments/s8t0ho/gmerise_of_the_players_trailer/ + + + +Every single one was filled with deflecting comments that avoided actually talking about the content. This is the key to FUD around here because they have yet to be able to find anything contrary to the legendary DD this sub has assembled. + +“No. Garbage money grab.” + +“Get this garbage out of here.” + +“How can you make a mov movie about a story that’s not even finished yet?” + +“gamestop movie is cringe af without the squeeze” + +“Its definitely going to be slanderous propaganda. It’s going to make us look like a good intentioned but brain dead group of people, I guarantee it. And I imagine you’re gonna say something along the lines of ‘but isn’t that what we are?’, and the answer is no. + +I’m an individual investor who read some good DD, and this media does not represent me.” + +“Little more nope just money grubbing fake seeking idiots.” + +“Nope. That does not belong on our sub. Not a shill strategy, just trying to protect the sub from endorsing a so-called “documentary” without knowing what is in it. Also, given some of the stuff in the trailer, it looks like bullshit.” + +Like seriously? + +Where did this spirit of anti-discussion come from? Apes we need to repair. We need to foster the ability to have discussions and be aware of when people are making bold statements without facts. + +We need the knights of new to watch out and not let shills direct the discussion. If people are making blanket statements without clear reasoned arguments they should be addressed. I encourage everyone to comment in new, let people know how you’re feeling about it. + +Don’t let shills just go around confidently making false statements that then guide other smoothies away from good discussion. I also see another thing in these threads that are very telling. A few of them had commenters that were trying to have a discussion and even fighting back, it was so bad: + +“Screenshot off of Twitter…Is this actually a thing?!? GameStop going to drop their next plan for the company during a movie showing? My tits are slightly jacked….!!!” - heavily downvoted into negative karma + +“Hopefully it’s like planet of the apes but in the Metaverse where everyone receives an NFT tattoo for every share they own.👻” - downvoted to negatives + +“A M C is showing GameStop movie on the anniversary of the removal of the buy button jan 28th looks bullish af to me 🚀🚀🚀🚀” - downvoted to negative + +“Is there anyone real left in this sub or is it just me and a bunch of bots? These last two months have been absurd. Over summer it wouldn’t have mattered if the narrative of this movie was that the squeeze is over (which we have no idea if that’s the case or not, especially when the director hinted at the possibility of a sequel) all we know is that it’s about GameStop and it supports the narrative that Apes are in the right and that we are the good guys. All press is good press. This will result in more eyes in GameStop. Why are we furiously downvoting this topic? Or is it just severely suppressed by shills? Where are the real apes at?” + + +—————————————————————————- + + +But these apes were heavily downvoted and fought with: + +https://imgur.com/SOeiYqh + + +It goes on and on. Every single post that was made was heavily controlled. This is obviously a sore spot for them. They know that the movie could be a catalyst for increased attention to GME again and that the anniversary is the same thing. Apes, they’re fucking scared of this movie. I think we were played. It may suck. It may portray us poorly, and there is already talk of a sequel so maybe it won’t say that the squeeze is over or maybe it will, but I ask you apes, does it really matter? + +**Is some documentary going to bring us down? No fucking way! Nothing is going to bring us down, we’ve made that fucking clear. Is a documentary about GME on the anniversary of the sneeze a potential risk for the hedge funds? You better fucking believe it. So if there’s some possibility that this could give us something positive, literally no possibility that it will cause anything negative, and a really good possibility that it could bring something VERY negative to Kenny, shouldn’t we be fucking stoked about this movie just like Ryan Cohen?** + +I think so. +A lot of people are freaking out and rightfully so as this is the first bear market for many investors. Reminder, time is on your side. Time in the market is more important than timing the market. + +https://awealthofcommonsense.com/2014/02/worlds-worst-market-timer/ +Hello Everyone! + +Ape help ape. + +Hello all, I've been so happy for the good reception this has been getting every time, and all of the helping people in many different ways. I'm just so so happy for that. Now just like I always ask, is everyone holding up okay? Still lots of turbulence in the world right now, as well as in people's personal lives. Alot of people have been feeling it. It's okay to take a breather! In, out! Ahhhhh! + +The hype for the marketplace grows as more versions of the wallet begin rollout, and there is only a matter of time before the split dividend drops as well! Also as always, the number of DRS shares keeps growing! Congratulations and good job! Also for many apes, the firework day long weekend approaches! Should be a good simulation for when GME rockets for good! You know the motto, buy hodl DRS! + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright saying you sold (true or not) isn't the best to post and could be considered FUD. No fud please. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at posting things like official charity links and gofundmes, at least here in the comments. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. Also many people who have no idea what's happening with GME currently are feeling the effects of the state of the economy right now. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone had a good month of June, and will have a great 4th of July, or just an awesome weekend 😊. + +Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍🎆🎇 + Stay cool +[Directory - Broker Dealer Directory | OTC Markets](https://www.otcmarkets.com/otc-link/broker-dealer-directory/CDEL) + +**This is a huge step in understanding how Citadel is suppressing GameStop**, but even more, the new **SEC rule banning any buying of non compliant penny stocks was proposed in Sept. of 2020, right around when GME was rising up from the $4 price per share** that had been held steady for the previous year and just kept growing. + +Look how how many shares Citadel has traded just today - same amount as the other top 3 broker dealers, but more than twice the amount of shares. Whatcha collecting all these lower priced shares for Kenny? I've personally seen over two dozen pink sheet stocks that align like twins since January. I know the RH hate, but I'd rather have a fast UX for Lvl 2 data and it's the same with the cryptos on that platform, it's the exact chart thumbnail copied over and over. The evidence is clear as day at this point of pump & dumps for the $ to smack down GME. (The public needs to know (more on that at the bottom.) + +&#x200B; + +https://preview.redd.it/yba2m9qmt0q71.png?width=762&format=png&auto=webp&s=02287bb7f8d8b2b92600433b349239474aee006b + +**They knew for over a year GME was their ticking time bomb and were overleveraged to the tits.** I'd bet it was going to be one of their top 3 plays for the year what with Covid still going strong that they'd get GME to $0 and delisted so they'd never have to close their options. + +Then those damn redditors started buying more and more because of the fundamentals and RC coming in and them realizing the guy who beat Amazon at an online segment for petfood of all things and a master of customer service + logistics would be entering into one of the biggest segments you can imagine. Pro gamers are getting contracts comparable to football players now and millenials + zoomers have huge cash to spend on expensive hardware for gaming - not to mention game sales themselves transition to online marketplaces. **They knew they were fucked.** + +**It's been about a year of watching their precious 50 cent options leveraged by who knows how many times (dozens even?) grow into a nuke being built right in their office, ready to explode at any moment.** + +So they started pillaging pink shares to pump and dump on penny traders as they're doing to the crypto community now that it can't be used as collateral anymore. **And wouldn't you know it, now on Tuesday price data for zombie stocks and purchasing them is completely eliminated to "protect traders from themselves"** + +From confetti on apps to pink sheet OTC stocks, **sure seems like they care about traders a lot** \- **having plain as day price manipulation from January, almost a full 9 months though with our investment and a company growing? nah that's not worth the time they could be on pornhub for.** + +*Maybe some adult content creators apettes & apes (we're all inclusive here) should post videos on porn sites naked and reading DD from GME related subs to get their attention. Hell, they'd probably make huge bank just from redditors watching their video to be jacking to their tits* (I was never good at possessive noun sentence structure in English...) + +**As for me, seeing Lehman rising from the dead (900% in a single day on one of em last Fri)**, I'm going to be buying a lot of these stocks today before buying is turned off and then just sell em off slowly before Quarterly Overturns when they push down the price. It's another 2 months till the next one, so it's just pure $ from copying Citadel's way of making more money to put into GME if MOASS doesn't occur by Nov. I won't know the price, but I can guess given how much they pump up every pink sheet they own. + +**Funny how only non-retail can know anything about non-compliant companies that can still be traded, it's almost as if the SEC is helping Citadel any way they legally can while looking like the good guys...** + +After MOASS you best believe there will be an Ape party using their tendies to get into Washington and change it from the inside. We hate them and there's 20 somethings there already, mighty fine time to get into helping the country change for the better. + +**Either way, fuck Citadel**. When their self built nuke powers our rockets I'll be happy knowing it will be Harrenhal to all those looking back at this historic time period. + +**------** + +**Mod's I'll take this last part down upon request if it's breaking any rules** + +I also mentioned up top the public needs to know. I'm building a website that's condensing the top DD into different categories for an easy to digest content in one place that explains the GMEE saga of the past year. It's going to be for the people who don't know how to navigate Reddit or go through dozens of different DD posts, for the Zoomers & Boomers getting their info from paid MSM organizations (Remember MarketWatch's magic 15 minute time traveling article published?) who have extra money and very much remember 2008 (and 2001/Enron for the older folks) and being screwed over hard that have quite a good chunk of $ they can throw in as their fuck you to Wall Street. + +The word needs to get out and I have a large amount of experience in digital marketing, web dev, SEO, etc being up at mid level in an F100 corp for paid channel marketing. Anyone that wants to help and put together a goliath of a site, along with collaborating on how to silo (top level category linking to topic within that area and whether another topic should be at that level or underneath it so an page about Citadel can be linked to dark pools or Ken and dark pool page having a link to price suppression strategies listing things like buy orders routed there while sell orders are on lit markets - you get the idea) send over a PM. + +We have some great people already together on different areas like having all reddit GME posts backed up, professional writers, high level apes in their DD quality. It's going to be anonymous to protect everyone, compartmentalized for those who want to stay so or those that want to be public. There'll be a few trustworthy people knowing me and they'll know other people they can trust. + +Possibly giving feedback on a 3 level type intro to GME PDF & page to post on socials or send to friends and family for Easy/Med/Detailed Fully or ELIA/ELI5/Smart enough to not google every 5th word for. I'm thinking of putting in a forum as Wordpress is pretty plug and play, but want to manage shill infiltration, so we'll see. If there's enough volunteers to delete any shill comments we can make it happen. I'll be posting a DD on how the FBI would infiltrate and break up social movements threatening the government with propaganda techniques of dividing crowds, diverting attention from real issues, etc. as a guideline as well as blocking all access from IPs not from South Korea, the Western EU, England and North America as it's likely the shills don't really come from there to protect what they know is stock manipulation + +**--------** + +PS, to the shills pushing bad faith comments, giving my internet hug of an overripe banana to fling at you =) +[link](https://www.businessinsider.com/storylines-home-on-cruise-ship-permanently-live-sea-2022-9?utm_campaign=ms&utm_medium=newsletter&utm_source=morning_brew#-a-bowling-alley-and-a-10000-square-foot-wellness-facility-which-storylines-says-is-the-largest-of-its-kind-at-sea-to-name-a-few-of-the-narratives-amenities-23) + +This is kinda funny. Wonder if you could rent out your condo, short or long term. + +"Homes aboard the MV Narrative start at about $1 million for a [237 sqft] studio apartment with a Murphy bed." + +HOA equivalent: "And the studio home's price doesn't even include the monthly "living fees" of about $2,600 a person in a dual-occupancy unit, according to the company's brochure." + +"this cost will also cover the homeowners' daily food and drinks at the ship's 20 restaurants and bars, onboard medical staff, pools, a marina with water toys, a bowling alley, and a 10,000-square-foot wellness facility, which Storylines says is the largest of its kind at sea, to name a few of the Narrative's amenities." +Background: I've been with my current employer for almost 4 years. I was hired as a service techinician (servicing/installing bank equipment - locks, safes, pneumatic tube systems, burg/fire alarms, cctv, etc) and was promoted to Service Manager Jan 1 2018. + +I'm the third person to take (and now lose) this job since I've worked there - It's a small company of 6 employees, and the boss is a hothead and very hard to please. I knew this going in, but I figured for the money it was worth an attempt. + +I was making $19/hr hourly working full time before, changed to $50k/yr salary once I took the manager job. + +Today, I had a pretty bullshit "6 month review" - He sat me down and basically said, "I don't think this is working, so I'm making you a tech again, I'll pay you $20/hr. Take the rest of today and tomorrow off, come Wednesday we'll get you rolling in the field again." He has his reasons, and I don't disagree that there were challenges in working together - but nothing was ever documented on paper, I would just have to sit through angry outbursts once in a while every time he didn't like the way I did something. Most critically, I just took a $9000 dollar pay cut - having just purchased a car, and this puts a huge crunch on my finances. I'm going to spend some time today redoing my budget, and I already don't like how it's going to turn out. + +Here are my thoughts. If I stay here, that management experience withers away, and loses effectiveness on my resume the longer I continue as a technician. + +Going back to work there is going to be awkward. That much I can manage, but I see it causing some interpersonal drama now that I'm back working alongside 4 techs I was previously in charge of. + +Lastly, would this qualify as constructive dismissal? I understand that my job duties are changing as well as my pay - but this is an 18% pay cut that was decided unilaterally. Would I be better served declining it and accepting dismissal, trying to survive off of unemployment while searching for something in the vain of what I was previously doing? + +This is the first time something like this has happened to me, and while my head is spinning a little, I feel like I can make the best of the situation somehow - just need a little guidance. + +I appreciate in advance any advice you can offer - and if there are any questions you have for me I'm happy to answer them. + It's the right thing to do and I'm telling everyone about it! + +I've had friends ask me what my exit strategy is, and I've always told them that I am going to wait until the whole thing ends. I have enough shares to live a good life, and help others live one too, no reason to not let the small monkeys 🐒🐒🐒 go in front or lower the peak out of insecurity and doubt. + +HODL 💎🙌 + +🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 +I am planning to buy health insurance cover for my parents (senior citizens). However, I have read and heard a lot about how insurance companies promise 100% coverage while buying the policy, but cheap out when people trying to claim it. I am aware of policies that explicitly mention sub-limits to some procedures in their policy wording, but I'm worried whether I will be denied claims even if I buy a policy that claims no such sub-limits ( coz India, right ?). So I wanted to learn : + +- How has the experience of claiming insurance has been for others ? + +- Do insurance providers hold on to their promises? I know insurance providers are regulated but I have no trust on Indian regulators. + +- Which insurance companies provide a good user experience? + +- What are the truths about Indian health insurance that I should be aware of? I want to have realistic expectations from my health policy. + +- Is it worth it ? Instead of paying hefty premium should I instead focus on building a emeegency corpus in a bank deposit. + +Additional question: +- How has the experience been through aggregator websites like Policy Bazaar, Insurance Dekho ? + +UPDATE: Thanks everyone for the replies! They were all super helpful. From what I can understand, for parents the safest option is to have a decent insurance and have an emergency corpus as well as the insurance cannot be relied on completely. +This is not financial advice. I am not a financial advisor. You are an idiot if you read this. + +In the Art of War, deception is a fundamental skill that often determines success in battle. We've been building up to today as not just a possible but a probable Launch Date. This all stems from that little NFT jewel that was released a few weeks back. Since this sub has some of the best onion peelers on the planet, we peeled back everything that website meant, such as a possible crypto-dividend or a novel NFT, that would absolutely force shorts to cover. + +We went totally APE (yup, had to sneak that in) about what it meant and built up our own hype. TBH, we went nuclear with it. Since the shills are also in here, they were along for the ride and they merrily reported all of this to their SHF Overlords. They read all the hype and thought "here's where we crush them." + +They too planned for today and when it came, they poured short sells into the dark pools to drain away the share price. Then, in the AH Market hours, they dumped a crushing order to crash it hard. They probably thought when the smoke clears, there wouldn't be anyone left. Here's another thought - what if all of this was a setup. + +RC went to meet with the SEC back on 5/13. The rumor/belief is that this is when he informed the SEC about the manipulation of pricing of GME shares. The SEC probably folded their arms and did their best "we need irrefutable proof." That's when RC brought his new ninja management team together and came up with an idea. We'll give the SHF a date that's just too good to pass up. + +How could we get irrefutable proof? First, this would need to be a day that's obvious and easy to remember so it would be easy to build hype around it. Second, it would have to be a nothing-burger of a business day. A day any "normal" investor (not you retards), wouldn't pay any attention to so there shouldn't be any reason for any kind of launch or downturn. In other words, a big hype day that isn't a big business day. + +About two weeks later, on 5/25, news starts to release about Gamestop developing a game-changing NFT and their website is revealed. The buzz starts about all the possibilities of how this will finally force shorts to close on 7/14. Understanding what this could mean, SHF prepare for the fight. + +Once the Shareholder's Meeting on 6/9 was over, the SHF started their big push. The very next day, the share price tanks around $100. From then on they pull out all the stops. Over 40% of all buy orders are processed in dark pools which disrupts the price discovery process. Yet, most if not all short sales are processed in open exchanges to drive down the share price even more. + +What do the institutional GME investors do? Nothing. Gamestop hardly has any news releases for several weeks. There are no major announcements from GME and nothing from the investors. Retail buys and holds. That's it. No special response in any way. The trap is now set. + +For the last several weeks, SHF have almost literally had their way with almost no response. That makes it easy for even an SEC Auditor to start to notice something is off. Now comes the big day - Bastille Day. We fight for our freedom - and nothing. + +SHF think they see their opportunity and do their own YOLO. Should be a big day but the price drains away with all kinds of activity in the dark pools. Then a hammer of a price drop in the AH and the SHF think they have a Strategic Victory. They haven't realized yet they're standing in a Kill Box. + +Weeks of unusual trading activity culminating in what should have been a big day turning into what appears to be a rout makes for a pallet of irrefutable proof that not even the SEC can ignore. RC now has the "hold my beer" SEC by the short hairs. + +They now have their evidence. He supported the SEC in every way in the investigation. He's going to give the SEC the opportunity to present themselves as the market saviors and do the right thing. If they don't, he takes GME shares out of the DTCC depository and they implode. + +More than ever, I'm still holding. +Lately I have been on a major ETH kick, throwing huge amounts on money at the coin convinced it cannot fail. I am hoping one of you have some logical reason and insight that might rebalance my expectations about ETH and bring my frame of thinking back down to earth, or if not solidify my current state of mind that ETH is the future of crypto currency and offers more value to the world than BTC or other alt coins. + +Superiority over alt coins: + +1. ETH being one of the top crypto currencies in the world makes it an easy choice when considering any digital asset; it has proven its legitimacy and built a thick layer of confidence over the years that will be hard to break in to the future. + +2. Smart contracts look to change the landscape of financial markets, or really any area today where money or consensus is exchanged between two parties regardless of application. This one is huge I cannot stress enough how valuable smart contracts are to the future of the world. + +3. Though other coins have hit the stage offering smart contract functionality, and even offering higher throughput when compared to ETH, the prospect of consensus layer (ETH 2.0) which claims to offer 100,000 transaction per second (Google suggest that Visa can handle 24,000 transaction per second?). This enormous increase in transaction processing would put ETH in the number 1 seat for throughput and scalability. Unlocking the endless potential for smart contracts and transactions in general. + +4. Reliability is a big factor for me, despite some of these really interesting new coins that offer a comparable network all seems to have a struggle adjusting to their popularity and in a pretty bad way. ETH though not susceptible to similar experiences has already had its share of discovery and has perhaps matured to a more reliable and dependable network. + +5. The ETH development team is perhaps one of the most respected and trusted block chain development teams in the world. Over the years this team has garnered a huge amount of respect in the crypto community. This makes me feel that I am in pretty good hands and that is worth something. + +Superiority over BTC: + +Despite BTC being the big dog on the block and accepted by most as the gold standard of crypto, I see many reasons why ETH is a far better option. + +6. True Value - BTC fights a lot of battles in regards to its true value, many will argue that BTC has no real value and offers nothing but a collective agreement that it is valuable (I don’t agree with this btw), you know like gold or diamonds, things we have all agreed are valuable.... However stupid this argument is there is some truth in the logic, as gold can still be used in maybe industrial applications resulting in value outside of just backing a currency (which it doesn’t even do anymore in some cases). This argument against BTC true value cannot be applied to ETH as in addition to being an asset it also offers utility, if we all agree ETH was useless as an asset what we could not deny is the its usefulness as a utility due to smart contract functionality. + +7. We know who created ETH. Early on and perhaps still today people find comfort in the fact that BTCs creator is anonymous (or dead, or maybe not anonymous? who knows?) this seemed pretty cool in 2017 when the world started to find real interest in block chain and decentralization. However I feel as time has passed this has become a hindrance for BTC, if the last couple years have taught us anything it’s that crypto currency needs flexibility to become truly useful and to be applied in any mainstream setting. It is my personal opinion that knowing a dedicated development team backs a product and is pushing to improve it leave me with this a sense that BTC will become the Commodore 64 of the crypto world in the next 10 years with no true direction or guidance. ETH will become the Xbox, or PlayStation. + +8. Out of reach, growth potential - Many claim BTC is going to between $100,000 and $500,000 in the next X number of years; though this may be true normal people cannot acquire enough BTC to allow them to buy that Lambo. ETH however is still only 3k at time of writing this, which gives us little guys a fighting chance of getting in early (or sooner). Imagine ETH is realized to its full potential with Defi, NFTs, governance, or any other future application and it can also transact 100k transactions per second. What’s not to say ETH will be worth 40,000 or even 100,000 in future? In this regard ETH could much more easily double, triple, quadruple, rinse and repeat. currently the total supply is of ETH is in the 120 million range and BTC is 21 million, today if you reduced the supply of ETH to match that of BTC each ETH would be 15k, still far below the value of where BTC sits, this is insane, how ETH is currently 3 times less valuable than BTC while offering so much more?! + +As a software engineer with a solid understanding of crypto, block chain, and smart contracts it feels impossible for me to accept that ETHs true value has been recognized and I know that its full potential far exceeds that’s of BTC or any crypto currency to date. I know with depth how a lot of applications work, I think this makes it a bit easier for me to see how ETH could be used is an endless amount of ways to benefit nearly all industries. My go to example is my interpretation of DeFi as a trustless financial Internet thinks of the opportunities this presents to developers, businesses, entrepreneurs, or any of us as individuals. Block chain will allow the collective voice of the world to be heard without a filter and transact with freedom so we can create the world we truly desire. + +If you made it this far I’d love to hear your thoughts as to why any logic I have outlined above is either flat out wrong, misunderstood, or irrelevant to the success of ETH. +You asked and we heard, which is why TODAY CURE will reach countless more investors by listing on LBank! 🔥 Along with CURE Pay, it has never been easier to buy CURE! 🙌🏽 + +Did we mention that other combs want to partner with us? 🤔 + +One? No. + +Two? Nah. + +Three? Nuh-uh. + +FOUR? Nope + +FIVE?!? Yep! + +That’s right ladies and gentlemen, in just the first two weeks of January we now have FIVE projects that want to work work and actively support CURE!!! 🎉Two have already entered final stages of discussion. + +And these are BIG projects. + +When we say everyone wants a slice, we mean it!! 🥧 And think how much more is still to come! 🤫 + +Jacob Beckley - CEO of CURE will be officially announcing the NASCAR team we are sponsoring this week too! 📣 (Hint…it’s one of the best). If you didn’t already know, CURE is partnering with none other than NASCAR! Yes you heard it right! Not only will we be wrapping a car that takes part in a ton of races, but we will also be taking over the official website for the season, alongside Coca Cola. 🥤 In addition, NASCAR are dedicating this September as Childhood Cancer Awareness Month, which will focus on CURE and all the good it is doing to help. Never has a project done anything remotely like this… it is going to be INSANE! ☄️ + +Oh and if you didn’t know about CURE Pay then you need to get in the loop!🕵️‍♂️Unique, fast and reliable, the dynamic system means that anyone can easily buy tokens from a laptop or phone using a simple credit, debit card (and now PayPal, Android AND Apple Pay!) 💳 Every project wants a service like we have, but not every project has a top tech expert like Jacob! + +Did we also mention that PIXL have CURE their coin of the week and is already on track for the coin of the month, which means even more attention 👁‍🗨 + +Also did we mention the staking, the takeover of London Underground advertising, the pledged $1 million of donations this year, and of course and upcoming exchange? We didn’t? Oh well, consider it mentioned now! 🧨 + +It’s little wonder that 2022 is being called the ‘Year of CURE’ 💕 + +So come on over to the telegram and find out more! 🕵️‍♂️ + +Telegram: [https://t.me/CureTokenV2](https://t.me/CureTokenV2) + +Here’s even more about us in more detail 👇🏽 + +Chances are by now you’ve heard of CURE - the ONLY token created and backed by a real charity 💖 So far they have raised over $450,000 for charity with a further $10k being raised every single day 😇 + +CURE aims to use the space to truly revolutionise global healthcare, and it’s our amazing community who will help get us there. 🙏🏽 To be clear, CURE Token is NOT a meme and if that’s what you want, we aren’t for you. ⛔️ + +CURE is a REAL project and the inverse of most charity tokens - one that began as a charity first. Our founder, Jacob, is the chairman of non-profit Beckley Foundation, which has already raised over $1Million for childhood cancer, and created CURE Token to help more sufferers, faster. ❤️Jacob doesn’t own a single token, and burns any he buys. There is one, sole focus to CURE - ending pediatric cancer first, then other chronic illnesses. 💉 + +The project is 100% community driven: Fair launched, locked and burned LP and team tokens. The project attracts long-term investors who believe in the infinite possibilities with bridging innovation of the cryptocurrency space with causes focused on supporting and ending childhood cancer - and that is just the start of this amazing journey 🗺 + +Visit our website to see what we have in store long-term. We are not kidding when we say we are dedicated to changing global healthcare forever and allowing all to live healthy, happy lives. We have the drive, the resources and the passion to make it a reality. 💫 + +💝Fully doxxed and known Dev + +💝Huge Marketing Incoming + +💝Team Lead, Community Driven + +💝Liquidity locked + +💝CMC / CG listed + +💝Fund research to find a cure for diseases + +💝Buyback system + +💝Audited by Certik + +# Tokenomics: 🌟 + +Each transaction has a 10% fee, which powers our cause and is broken down as follows: + +⭕️ Circulating Supply: 1B tokens. + +💝 3%Charity Wallet + +🔊 3% Marketing - To maintain project growth. + +💧 4% Liquidity - To reduce price volatility + +🍌 Slippage: 10-12% + +&#x200B; + +Come help us heal the world 💖 + +&#x200B; + +💻 Website: [https://www.curetoken.net/](https://www.curetoken.net/) + +📈Chart: poocoin.app/tokens/0x76aecb353abf596bd61ee6bdb07d70787dec4fd6 + +📜Contract address: 0x76aECB353AbF596BD61EE6BDb07d70787DeC4FD6 + +# ✍️Medium articles: + +1. [https://curetoken.medium.com/how-cure-is-on-track-to-overhaul-the-global-healthcare-system-c71680b87e8c](https://curetoken.medium.com/how-cure-is-on-track-to-overhaul-the-global-healthcare-system-c71680b87e8c) +2. [https://medium.com/@curetoken/how-one-cure-can-make-a-big-difference-8d3eaded1f04](https://medium.com/@curetoken/how-one-cure-can-make-a-big-difference-8d3eaded1f04) +3. [https://medium.com/@curetoken/how-cure-is-using-cryptocurrency-to-help-heal-the-world-cb362f1c5faa](https://medium.com/@curetoken/how-cure-is-using-cryptocurrency-to-help-heal-the-world-cb362f1c5faa) +4. [https://curetoken.medium.com/the-hardest-road-back-a-cure-spotlight-feature-article-e347c4e22de5](https://curetoken.medium.com/the-hardest-road-back-a-cure-spotlight-feature-article-e347c4e22de5) +5. [https://curetoken.medium.com/how-majestic-drama-is-helping-to-drive-the-cure-7a0c3e53270c](https://curetoken.medium.com/how-majestic-drama-is-helping-to-drive-the-cure-7a0c3e53270c) +6. [https://curetoken.medium.com/why-cure-is-so-desperately-needed-1528a4dc2941](https://curetoken.medium.com/why-cure-is-so-desperately-needed-1528a4dc2941) +7. [https://curetoken.medium.com/why-research-matters-to-cure-5d4662f4ca32](https://curetoken.medium.com/why-research-matters-to-cure-5d4662f4ca32) +Am I the only one who cares about this? I tweet this every day, I submitted the question like 5 times in 5 different formats, it didn't get asked and no one is paying attention to this. MAKE SOME NOISE WTF don't let wall street rob our Retirees!! +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) +Laurus Labs is an integrated research and development driven pharmaceutical and biotechnology company in India. + +**Corporate office** - Banjara Hills, Hyderabad. + +## Brief history / Key events +* 2005 - Laurus Labs was started. +* 2016 - Successfully launched their IPO. +* 2021 - Richcore Lifesciences was acquired and renamed as Laurus Bio (subsidiary of Laurus Labs). + +## Market overview +* The world's population is set to continue to rise, with aged people population expected to double in 2050 and make up almost 16% of population. +* The increasing aged population and changes in lifestytes could lead to increase in chronic non communicable diseases such as heart diseases, cancer and diabetics. +* Due to improved economic situation and urbanisation, people are better informed and avail access to medicines and surgical procedures. +* Global pharmaceutical manufacturing is expected to grow at CAGR 13.74% in the period 2020-27. +* India fulfills 20% of global demand for generic medicines in terms of volume. +* India also supplies over 60% of global demand for various vaccines and Antiretroviral (ARV) drugs. +* Indian generics industry can benefit substantially from the **patent cliff** as patents for branded molecules (worth global sales of more than $ 251 billion) are expected to expire between 2018 and 2024. +* **Supply disruption from China**: Chinese players have been forced to shift their manufacturing facilities inland and outside the cities as the government continues to crack down on polluting industries. +* There is also an increasing preference to reduce dependency on China for API products. +* Competitiveness of Chinese players would reduce to a certain extent going forward as their cost of production increases. +* Moreover, the Covid pandemic has forced governments to de-risk their supply chains by on-shoring and strengthening domestic capabilities. +* To increase competition in the market, US FDA has significantly ramped up the pace of product approvals under the Generic Drug User Fee Act (GDUFA). The increased competition has led to significant price erosion impacting per product economics in the market. On the other hand, this will also help pharma companies in getting faster approvals and expanding their portfolio offering. + +## Product mix / business segments of Laurus Labs + +* Laurus Labs started their journey from an ARV API company to API company and now to a full blown pharma company. +* They currently manufacture generic Active Pharmaceutical Ingredients (APIs), with a major focus on anti-retroviral, Hepatitis C, and oncology drugs. +* They supply to various multinational pharmaceutical companies across different parts of the globe. +* They are also involved in Contract research and manufacturing services (CRAMS). +* They produce specialty ingredients for nutraceuticals, dietary supplements and cosmeceuticals. + +### Laurus Generics (API) + + * Laurus Generics is all about development, manufacture and sale of APIs and advanced intermediates. + * This segment contributes to 54% of overall revenue (FY20-21). + * Products in this category: + * Anti-retroviral + * Anti diabetic + * Cardiovascular + * Proton pump inhibitors (PPI) + * Oncology + +### Laurus Generics (Finished Dosage Form (FDF)) + +* This segment deals with development and manufacture of oral solid formulations. +* 35% revenue contribution in FY20-21 +* Has a strong order book in all geographies. + +### Laurus Synthesis + +* Laurus Synthesis is involved in producing key starting materials, intermediates and APIs for New Chemical Entities (NCEs). +* 11% revenue contribution in FY20-21. +* Laurus Labs have added two big pharma companies under this segment during the last financial year. +* Synthesis is focused on Contract development and manufacturing services for global pharmaceutical companies and several late-stage projects. +* They also have a steroids and hormone manufacturing capability. +* In addition, they do sale and manufacture of specialty ingredients for use in nutraceuticals, dietary supplements and cosmeceutical products with natural extraction capability. + +### Laurus Bio +* Involved in making Recombinant products - animal origin free products for safer and viral free bio manufacturing. +* Laurus Bio provides them access to bio based technical expertise (used in Vaccine, insulin, biologic manufacturing) and enzymes bio-catalysis (Green API process). +* During the year, Laurus Labs acquired 72.55% stake in Richcore Lifesciences from two private equity funds and the company was renamed as Laurus Bio Private Limited. +* This was a strategic diversification, an attempt to enter high growth areas of recombinant animal origin free products and scaling up their existing CDMO. +* In addition to diversification, it also yields substantial synergies, as they have three distinct equally split revenue streams - biotech, enzymes and CDMOs and is also building a large fermentation capacity. +* Laurus Labs are in the process of adding incremental capacities towards CDMOs, providing mutual benefits to each other. Laurus Labs' wide customer base, geographical footprint and strong chemical skills and Richcore's expertise in biotechnology and fermentation capacity can help take Laurus Labs to the next level. + +### Manufacturing facilities +* Laurus Labs has seven modern manufacturing facilities in Visakhapatnam, one API facility in Bibinagar near Hyderabad and a Kilo Lab facility in R&D Centre, Hyderabad. + + +## Business analysis + +### Strengths +* Pharma industry has some of the most stringent regulatory expectations, providing an entry barrier to new competition. +* Laurus' facilities are certified and approved by USFDA, WHO, NIP Hungary, KFDA, COFEPRIS, PMDA, ANVISA and JAZMP, allowing their global clients to conduct business with them with relative peace of mind. +* As it is, Laurus currently supplies APIs to nine of the 10 largest generic pharmaceutical companies. +* It is also a major supplier for ARV APIs to other ARV manufacturers and finished drugs in several LMIC markets. +* Laurus is supplying to 80% of the players who participate in ARV tenders. +* **Focus on R&D** - Laurus spends 4% of revenue on R&D, hoping to build on their leadership position in APIs like antiretroviral drugs (ARVs), cardiovascular (CVS) and oncology. + +### Weaknesses +- They could potentially have a customer concentration risk, as their top 5 customers contribute to a major share of their revenue. +- As with all companies who export their products, their global revenue is exposed to foreign exchange fluctuations. +- Weakness in emerging market currencies will impact their earnings potential. + +### Opportunities + +* The possibility of significant revenue loss due to impending **patent cliff** has forced major pharmaceutical companies worldwide to outsource part of their research and manufacturing activities to low-cost countries like India. +* Some of these outsourcing services are from providers in the form of contract research organisations (CROs) and contract manufacturing organisations (CMOs). +* Laurus Labs have been adding capacities in CDMOs in anticipation of this, putting them in comfortable position to take advantage of such patent cliff driven manufacturing contracts. +* **Production Linked Incentive Scheme** - the Indian government has announced PLI scheme to boost the API industry in India. This scheme is in line with the government’s emphasis on building an Aatmanirbhar Bharat (self-reliant India) + +## Financial statements + +### Profit and loss + +| Narration | Mar-17 | Mar-18 | Mar-19 | Mar-20 | Mar-21 | +|-------------------|------------|------------|------------|------------|------------| +| Sales | 1,904.65 | 2,056.17 | 2,291.92 | 2,831.72 | 4,813.51 | +| Expenses | 1,496.89 | 1,642.33 | 1,935.15 | 2,266.42 | 3,262.22 | +| Operating Profit | 407.76 | 413.84 | 356.77 | 565.30 | 1,551.29 | +| Other Income | 32.26 | 28.67 | 15.36 | 5.17 | 23.05 | +| Depreciation | 105.98 | 125.45 | 164.19 | 187.27 | 205.07 | +| Interest | 99.90 | 79.64 | 88.19 | 89.59 | 68.16 | +| Profit before tax | 234.14 | 237.42 | 119.75 | 293.61 | 1,301.11 | +| Tax | 43.86 | 69.81 | 25.99 | 38.34 | 317.29 | +| Net profit | 190.28 | 167.61 | 93.76 | 255.27 | 983.58 | +| EPS | 3.60 | 3.16 | 1.76 | 4.77 | 18.33 | + + +### Balance sheet +* No equity dilution since the IPO in 2016. +* There has been big capex in 20-21 towards de-bottlenecking and capacity expansion. +* There has been increase in inventory and trade receivables but it is in line with increasing revenues. + +### Cash flow statement +- Net cash flow from operations has been positive over the years. +- They have spent heavily this year towards acquisition of Laurus Bio as well as towards expanding capacity. +- To fund the capex, they have borrowed quite a bit, impact of which has to be considered in the future. + +### Profitability, capital and efficiency ratios + +| Narration | Mar-17 | Mar-18 | Mar-19 | Mar-20 | Mar-21 | +|------------------------------------|--------|--------|--------|--------|--------| +| OPM | 21.41% | 20.13% | 15.57% | 19.96% | 32.23% | +| PAT Margin | 9.82% | 8.04% | 4.06% | 9.00% | 20.34% | +| Return on Equity | 14.30% | 11.35% | 6.04% | 14.46% | 37.94% | +| Return on Capital Emp | 16.74% | 13.70% | 8.24% | 14.11% | 39.58% | +| Return on Assets | 10.59% | 7.82% | 4.84% | 8.93% | 21.68% | +| Interest coverage ratio | 3.34 | 3.98 | 2.36 | 4.28 | 20.09 | +| Debt to Equity ratio | 0.63 | 0.66 | 0.67 | 0.61 | 0.57 | +| Debt to Asset ratio | 0.32 | 0.32 | 0.31 | 0.29 | 0.26 | +| Financial leverage ratio | 2.30 | 2.02 | 2.10 | 2.13 | 2.18 | +| Inventory Turnover ratio | 3.74 | 3.52 | 3.36 | 3.13 | 3.06 | +| Inventory no. of days | 97.55 | 103.81 | 108.60 | 116.68 | 119.46 | +| Accounts receivable turnover ratio | 3.36 | 3.60 | 3.23 | 3.58 | 3.69 | +| Days Sale Outstanding | 108.77 | 101.29 | 113.06 | 102.01 | 99.04 | + +## Shareholding patterns +| | Jun-18 | Sep-18 | Dec-18 | Mar-19 | Jun-19 | Sep-19 | Dec-19 | Mar-20 | Jun-20 | Sep-20 | Dec-20 | Mar-21 | +|-----------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------| +| Promoters | 32.06 | 33.4 | 33.5 | 32.77 | 32.82 | 32.73 | 32.58 | 32.04 | 32.13 | 32.12 | 28.76 | 27.45 | +| FIIs | 10.85 | 9.25 | 8.07 | 12.77 | 12.35 | 12.52 | 10.52 | 11.29 | 16.06 | 20.74 | 19.92 | 20.68 | +| DIIs | 38.74 | 38.45 | 38.31 | 31.86 | 32.21 | 32.15 | 32.09 | 31.59 | 8.81 | 6.34 | 4.08 | 3.56 | +| Public | 18.35 | 18.89 | 20.13 | 22.6 | 22.62 | 22.6 | 24.8 | 25.08 | 43 | 40.79 | 47.24 | 48.31 | + +* There is decrease in the promoters' shareholding over the last two years. +* DIIs have also substantially decreased their shareholding over the same time period. + +## Management +* The management has a calibrated approach and are attempting to seize an advantage by expanding capacities and de-bottlenecking to establish their current leadership position. + +## Valuation comparison with other pharma companies + +| Sl no | Name | EV / EBITDA | P/E | CMP / Sales | CMP / BV | +|-------|------------------|--------------|-------|--------------|-----------| +| 1 | Divi's Lab. | 40.32 | 60.47 | 17.22 | 12.91 | +| 2 | Gland Pharma | 37.4 | 56.92 | 16.39 | 9.61 | +| 3 | Sequent Scien. | 32.91 | 70.13 | 5.22 | 9.78 | +| 4 | Shilpa Medicare | 24.49 | 30.74 | 5.04 | 3.07 | +| 5 | **Laurus Labs** | 24 | 36.95 | 7.55 | 14.03 | +| 6 | Hikal | 21.23 | 48.67 | 3.77 | 6.94 | +| 7 | Lupin | 19.97 | 43.3 | 3.47 | 3.82 | +| 8 | Aarti Drugs | 15.96 | 24.08 | 3.13 | 7.39 | +| 9 | Granules India | 10.11 | 15.35 | 2.61 | 3.88 | +| 10 | Marksans Pharma | 9.66 | 14.77 | 2.56 | 3.98 | +| 11 | Jubilant Pharmo | 8.11 | 13.78 | 1.89 | 2.43 | + + + +## Closing thoughts + +* Laurus Labs have commissioned a large scale fermentation capability, with plans in place to acquire more land for further expansion. +* They are also expanding into other therapeutic areas such as cardiology and anti-diabetic drugs. +* In the ARV space, they are moving from first line drugs onto second line treatments - Lopinavir, Ritonavir and Darunavir) for HIV-AIDS patients. +* Laurus Labs is moving up the value chain into formulation business, what with the higher capacity/ANDA pipeline build-up for the US market. +* Having a broad product portfolio, high quality operations and a steady stream of new product launches across the markets, and a robust order book and large capacity addition by end of next year, there is enormous scope for Laurus Labs to become a fully integrated player in pharmaceutical and biotechnology space and could be a force to be reckoned with in the pharma space. + +## Sources and further readings + +* [Annual Report FY20-21](https://www.lauruslabs.com/Investors/PDF/Disclosures/Annual-Report-FY-2020-21.pdf) +* [Q4 Investor presentation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/21ae6eee-fe1d-4fa0-a4cc-c4b16231e212.pdf) +* [Q4 Investor concall transcript](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6cb8d219-61e3-486a-82ca-4609a74f32ca.pdf) +* [Valuepickr thread on Laurus Labs](https://forum.valuepickr.com/t/laurus-labs-can-business-transform-to-next-level/19377/480) +* [Laurus Labs Screener data](https://www.screener.in/company/LAURUSLABS/consolidated/) +Hey all. Had a letter from our estate agents this morning about a rent increase from £1100 to £1500 per month starting 1st September. It's just me and my mum here, dad passed in 2019. We both work full time and just about get by. This instant £400 kick to the shins will hurt a lot. I'm assuming there's fuck all we can do but i'm posting here anyway. Is that just it now or is there anything that can be done? This country man, fucking hell. +I have roughly 15k saved up as a 24 years old and I’m not quite sure what to do with it. I have all my debt paid off and all short term expenses are not issue. + +I mean the S&P500 is safe but boring. + +Anyone else have any ideas what I could do with the money. +I’m 17 years old and have just under $9000. I know I’m very young but I still feel like I’m running out of time. I’m trying to learn stocks and im trying to get a financial advisor. I really want to get into real estate, I have the books and stuff but I’m not sure what more I can do. Can someone give me some advice??? +Obviously, it's gotten fame after Gamestop skyrocketed, but I'd never heard of it before. Just imagine if you'd spend the money on a PS5 or Xbox Series X towards GME in December and sold the stock at its height (it's still climbing) you'd have over 20k. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I probably won’t invest simply because I have some serious moral problems with the company, but it seems like such a bargain with a PE of 12.55. Its situation seems a little similar to Netflix’s in the regard that its stock price had a dramatic drop after growth showed to start slowing down. Also, that whistleblower did reveal some very disturbing information about how Facebook knew they were ruining the mental health of its younger users; but although some lawsuits have surfaced because of it, I don’t see any major reform happening given the ungodly amount of money they spend on lobbying every year. Anyways, like I said I’d have some serious ethical issues investing in META, but I am curious to hear what everyone else thinks about them. +Berkshire has purchased $9.2 billion of Verizon stock over the last 9 months, at an average price of $59. Today VZ trades below $57, giving us an opportunity to follow Berkshire into one of its largest common stock investments at a price below what Berkshire paid + +Verizon appears to be a much safer and higher yielding investment than Berkshire itself, with prices where they are. The dividend yield alone is higher than Berkshire's operating earnings yield. Verizon is an example of a stock whose interest rate has NOT collapsed: + +https://www.reddit.com/r/brkb/comments/mr2jcp/verizon_a_company_whose_market_value_is_affected/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +I believe Berkshire is fully and optimistically priced right now. Here are my thoughts + +**Justification #1:** As a first approximation, Berkshire's operating earnings yield is well below 4%, lower than I've ever seen it. As Buffett explicitly stated at the Annual Meeting, the Q1 2021 earnings were no higher than Q1 2020 would have been without COVID. Berkshire's "interest rate" has recently collapsed-- price way up, earnings almost flat + +**Justification #2:** Berkshire is fully valued according to a recent and fairly optimistic expert estimate of intrinsic value (Morningstar): + +https://www.reddit.com/r/brkb/comments/m80e6e/greg_warren_morningstar_berkshire_shows_stronger/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**Justification #3:** Nobody agrees fully with the (book value)+(insurance float) price predictor, but historically, stretching back for decades, it has been a losing proposition to buy above BV+FL. Today BV+FL is $257, and the P/(BV+FL) ratio is 1.13, an extreme high. The last time this happened was in 2014, and you can see what happened then: + +https://www.reddit.com/r/brkb/comments/mhf7i0/berkshire_hathaways_market_price_follows_the_sum/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**Justification #4:** Berkshire was rapidly tapering its buybacks at $250, far below the current market price of $290. This is a dead giveaway that we are fully valued or overvalued. Berkshire's average buyback price is well below the highest price paid, probably around $210. The buybacks likely target an average price (just like when Berkshire was buying AAPL -- Berkshire bought many shares far above $35 but never made a purchase that would raise the average above $35). Here is the Q1 2021 buyback table, where you can see the tapering: + +https://www.reddit.com/r/brkb/comments/n2h588/berkshire_q1_2021_buyback_price_table_these/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Throughout my life (26M) I've known many people who are real estate "investors", which in my country are old-ish people who managed to scramble together some money (mostly by working abroad during their young adult life), and used it to buy land and building appartments buildings in the 90's, and renting them (usually long term). + +Being interested in RE investing, I've had the idea of turning my would-be rental properties into a business (LLC), but no one I know has ever done it. Being the over-analyzing mess that I am, I started wondering wether it's because they just don't have the knowledge and know-how (plausible), or because there's some tiny detail I'm missing that only the insiders know about. + +Turning rental properties into an LLC just seems like the logical and reasonable thing to do, and yet no one's doing it. Is there something I'm not seeing? +Revisiting [this post](https://www.reddit.com/r/IndiaInvestments/comments/ir8jd3/people_who_have_been_investing_in_mutual_funds/) here as it was inconclusive. The OP was right. Instead of giving theoretical returns, people could quote their returns in the MFs for the last decade. + +For the people, who have been investing since the last decade, you must have invested in both MF & FDs. Comparing the two, which gave you better post tax returns? + +For me, I invested 1L in an FD in 2019 which will give me 40K in 2024. Post tax returns have been around 4.8% which would reduce if I enter 30% tax bracket. At the same time, I invested 50K lumpsum in an ELSS which gave me around 83.5K this October tax free which is around 11.5% annualised returns.The OP in the original post says that he would get 10% return in FD but 10% in FD is a thing of the past. The max Banks are giving today is between 6-8%. Even if it is 8%, with 20% tax bracket, it comes down to 6.4% & I am hopeful, MFs would beat this in a period of 5+ years + +I have invested only for max for 3 years which doesn't count in market. Hence asking to share your experiences from the last decade. + + +Edit - Some freefincal articles about unpredictability of market returns - + +[https://freefincal.com/15-year-nifty-sip-returns-crash/](https://freefincal.com/15-year-nifty-sip-returns-crash/) + + +[https://freefincal.com/nifty-sip-returns/](https://freefincal.com/nifty-sip-returns/) + +Greetings Apes, trust you're all having a great weekend. It was quite a week, eh? + +I'm a pure smooth brain, riding off the back of others fantastic and educational DD so this post isn't technical stuff, no deep dive DD, just me sharing my thoughts on Sunday. + +I was thinking about everything that has happened over the last week with the other ticker, RC getting slammed in the MSM, u/einfachman apologising for getting the read wrong on RC options play (no need, bro, we doing our own thing, appreciate your solid DD), various theories around RC pulling out of the other ticker, basket stocks getting pulled alongside the crazy swings in the other ticker yada yada yada and I always come back to the same thought. If they could end it, it would already be done because you can be sure as I'm sat here in my pants chewing a blue crayon that 'they' do not want this to drag on and wish to god it would just disappear. + +I'm old enough to have been in a couple of situations in the past where I've been stuck between a rock and a hard place. Making a decision when your back is against the wall is tough, really tough, especially when the 2 outcomes are not in your favour. This is, I believe, exactly where the SHFs are now at. + +They have 2 options available to them: + +1. They let GME run and try to manage the amount of financial damage they could absorb. I believe what we have seen this last week *could* be a dry-run and a deliberate 'message' sent out to retail that *"you risk becoming a bag-holder if you FOMO in because look how quickly* *~~we can pull~~* *it can crash down".* +2. They just stick with the status-quo and keep shorting, hiding positions etc., except that cycle eventually ends due to DRS and holding and this takes them back to option 1. + +I believe they are in a holding pattern, really unable to comprehend and counter the situation they are now in. It's well said that GME shareholders are creating a unique situation, with a mindset never before encountered by Wall St, and 'they' simply do not have an answer on how this ends favourably, or at the very least with minimum damage, for them. Spoiler....... >!it doesn't!< + +So, as per the title to my Sunday musing post, if they could end it, it would already be over. The simple fact is, it is not over, GME is still in the news, still generating interest, still adding new shareholders and still with many more catalysts to come. + +We are in for an interesting few weeks, that's for sure. + +Enjoy the rest of the weekend and thanks for attending my rambling. + +EDIT: Kind of blown away by the response this post has had. Thanks for the awards and updoots, Apes. I'm humbled. +might seem like a weird question + +but right now Morocco is performing very well at the World Cup. + +there are a lot of celebrations going on in the country and theyre happy and excited to see their team winning, which makes them more productive at work? any thoughts? +Before I get into it, I want to make the point that this is a sincere question. Not making any moral judgements here just want to discuss the facts. + +&#x200B; + +The origin of this question came about the other day when I was thinking about what effect Covid deaths would have on the economy and whether or not they could actually be a net positive for the economy. As we know, Covid deaths have disproportionately occurred in older people and those with underlying conditions and these people are also more likely to be out of the workforce. They are either retired or can't work because of health problems. From an economic standpoint these people are mostly net consumers - that is they consume more economic resources than they produce. So, it would seem that removing some of these people from the economy would be a net positive. Think about it - the labor pool would remain about the same and the economy would be able to produce the same amount of goods and services, but the goods and services these people were consuming would be re-distributed to the remaining actors in the economy. Furthermore, the assets these people had (retirement accounts, houses, vehicles, etc.) would also be re-distributed thereby increasing per capita wealth. + +&#x200B; + +I would like to hear others opinions on this idea. Does this all make sense or am I missing something? One thing I did ignore was costs associated with deaths - things like funerals, burials, cremations, medical costs, estate/legal costs, "emotional/social" costs (hard to quantify). These things do consume economic resources, but I would be surprised if these outweigh the dynamics of resource/wealth re-distribution outlined above. + +&#x200B; + +All of the above leads me to the conclusion that 2 sectors (healthcare and automation) are poised to become an ever larger proportion of the economy as people live longer and the percentage of people in the labor pool continues to shrink (this isn't really a new idea I admit). Could be super profitable to invest in companies that overlap both sectors (maybe companies that make surgical robots or something?) +I recently got a job at McDonald’s. It’s £7.50 an hr with probably about 16-20 hrs a week and I currently make about £50-£100 a month from artwork (I don’t take many commissions). I already have about £1200 in my bank account made from selling my artwork and clothing. Just wondering what I should be doing with my money as I don’t want to spend it on stupid things. I have a junior savers with Nationwide. + +I plan on going to university and learning to drive at some point as well (if anyone knows how much that may cost). +My fellow apes, I hope you have your feet up on a comfortable couch with a nice glass of whiskey in your hand because I'm going to tell you why you are going to make a lot of money as a GME shareholder, and in the process I'll share my theories as to why MOASS has taken much longer than anticipated and why quite frankly, Ryan Cohen and GameStop need their shareholders to help. + +https://preview.redd.it/w2mgdaztgrb81.jpg?width=2494&format=pjpg&auto=webp&s=79aff0a3fbedb68d6bb2263eaa976e36fcba33c7 + +A little background, you may have seen some of my recent [bulletin](https://www.reddit.com/r/Superstonk/comments/s24foa/i_spend_812_hours_every_day_reading_news_and/?utm_source=share&utm_medium=web2x&context=3) posts or the DD [GameStop's Refurbishment Program is a Big Fucking Deal - $80 BILLION BIG](https://www.reddit.com/r/Superstonk/comments/s37hqm/gamestops_refurbishment_program_is_a_big_fucking/?utm_source=share&utm_medium=web2x&context=3) \- I put in a lot of time daily to researching everything from zero carbon emission crayons to using toilet paper on Mars. My superpower is age and my Achilles heel is being a perfectionist. Ok, now if you find me credible enough to invest 5 minutes of your time, keep reading with Bugs. + +https://preview.redd.it/l9ifou8vgrb81.jpg?width=505&format=pjpg&auto=webp&s=6c48b2ee6561066d3dd9ab33dd72defe334175aa + +There has been a lot of dialogue surrounding DRS (Direct Registration System), but for those who are new, the below is taken directly from [DTCC's website](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +https://preview.redd.it/ngx6z9xygrb81.jpg?width=2602&format=pjpg&auto=webp&s=9420634f4a22fa708918147b63dfb094df6400e6 + +Why does DRS matter? Well, there is a circulating hypothesis that GME along with other stocks have had their float sold multiple times. How one might ask? It doesn't matter. What you should care about is refilling your whiskey and getting back to your wife before she leaves with boyfriend #3. But if you subscribe to the theory of GME having 100,000,000+ shares in circulation and believe there was or is ongoing criminal activity around the stock, then DRS is a strong argument for ending this possible criminal activity. + +In GameStop's most recent [Form-10Q](https://investor.gamestop.com/node/19571/html) filing the company notes that 5.2Mn shares were directly registered with Computershare. + +https://preview.redd.it/r9ldzpn0hrb81.jpg?width=2198&format=pjpg&auto=webp&s=262a8e778d49d5a3e15fa2cc89a672c3f5cbfea0 + +There have been multiple mentions that this is the first instance in history a company has revealed these numbers to the public. I cannot confirm or deny this claim but the fact is that GME released this information to the public, and the fact is that GME released this count before any announcement of an NFT dividend or share recall. I have read countless posts speculating on an NFT dividend and assumption that GME can just issue a share recall but let me share my thoughts on the former and research on the latter. + +https://preview.redd.it/ljgfzwq2hrb81.jpg?width=1800&format=pjpg&auto=webp&s=fdac5780f0389eb514d2b9cbe73439ff019624ca + +The prominent Wu-Tang 1 of 1 that was bought by PleasrDAO ([NY Times](https://www.nytimes.com/2021/10/20/arts/music/wu-tang-clan-once-upon-a-time-in-shaolin.html) article) has been speculated to be part of a GME NFT dividend. Why hasn't this happened? Or was it supposed to ever happen? + +https://preview.redd.it/3ml2ven4hrb81.jpg?width=1066&format=pjpg&auto=webp&s=098d0b6a02054d1dc36904751352daab90add0c6 + +What I do know is that from the research I've read (sorry I don't have links because it's from a long time ago), it appears that if there is no monetary value of a dividend the court can decide on a replacement value. But obviously one can argue that if you split the $4,000,000 acquisition into 76.35Mn ([shares outstanding on Marketwatch](https://www.marketwatch.com/investing/stock/gme?mod=over_search)) equal parts and each part gets bid up to $100, then GME shorts would have to cough up $100 to pay shareholders - is this plausible? Could a judge rule that there is not enough precedence or duration and nullify the appreciation in value in the digital asset? Or maybe a judge would ask to revisit the case after a 200-day moving average has been established? + +There are a lot of unknowns in the NFT dividend speculation and who even knows if the constituents of PleasrDAO want to cash out in a fractional ownership structure? RC might have been a participant in the transaction and bought the album with friends with the intention of offering it as a dividend but MAYBE after more discussions with legal and peers he came to the conclusion that this option was not the best way to deal with any alleged illegal shorting of GME. + +https://preview.redd.it/g96ayof6hrb81.jpg?width=348&format=pjpg&auto=webp&s=3f23d3fae0aa530aa13d21b09df8bce11d60726d + +I hope you've all wiped your asses because now we're going to talk about the share recall that hasn't happened and I could use some help from legal experts to clear up this shit. + +10 months ago, u/DwightSchrute666 made a [post](https://www.reddit.com/r/GME/comments/m9eqv9/clarifying_share_recall_what_is_it_and_how_does/?utm_source=share&utm_medium=web2x&context=3) highlighting the complications in issuing a share recall. In a nut shell, there is no big stiff red button that the Chairman can push to activate a share recall. Sorry, it's not that simple. Lenders such as Fidelity and Blackrock cockblock any effort of a share recall because they are making great returns from borrowing fees and possibly assisting their golf buddies who are caught on the wrong side of this trade; reference this [post](https://www.reddit.com/r/Superstonk/comments/s3blxs/fidelitys_response_to_sec_on_7jan22_tell_me/?utm_source=share&utm_medium=web2x&context=3) where Fidelity comments to the SEC that the Proposed Rule should exclude short positions. + +Smell fishy??? + +https://preview.redd.it/qbhrkd78hrb81.jpg?width=1200&format=pjpg&auto=webp&s=5daf53c98565b7c3fe3c3851c806240d0468d57c + +Now it's time for the wrinkle-brained legalese experts to take the baton. In researching how to initiate a share recall, I wanted to ascertain if 50.1% or 100% of shareholders would need to vote YES. I came across a paper titled "Let the Bear Beware: What Drives Stock Recalls" - [PDF](https://deliverypdf.ssrn.com/delivery.php?ID=986119103022075103091008070108000022008023030035091056091116028064004027078125074117026035013044039111007014098023095014008026007007000016092111000030070006095087091037051036066117094107068092097018005083006086002065116117070010004095029090085006090122&EXT=pdf&INDEX=TRUE) link download here. I haven't had a chance to read through the entire document but I did come across this section on PG 8: + +[PG. 8](https://preview.redd.it/ktr1q6p9hrb81.jpg?width=1170&format=pjpg&auto=webp&s=ffa8798678cda3de0fa8fef364f18a54b600b393) + +The way I interpret this highlight is IF Fidelity or any other broker can locate a replacement share then the recall fails because there is no forced liquidation / short position being closed. Using some logic here, this argument holds for shares in circulation > 1. But if Company X has 100 outstanding shares and 99 have been DRS'd, then there is no justification that the broker for the SHF can find a replacement. So this leads me to conclude a similar sentiment to u/YurMotherWasAHamster + +https://preview.redd.it/uqldqphchrb81.jpg?width=1170&format=pjpg&auto=webp&s=0c09ca3b256b59937d13691d7b54e26ec7f5ee9e + +If criminal activity "abusive naked shorting" exists with GME stock, then what would make the criminal(s) stop? Again, I do not have the answer, but it appears that if GameStop is able to present a list of shareholders who have registered 100% of the outstanding shares (+/- 1) in their names, then the company can formally issue a share recall. In reality, GameStop probably doesn't need 100% of outstanding shares to be registered by retail. If all of the company's insiders DRS'd their shares then the difference in OUTSTANDING SHARES - INSIDERS HOLDINGS = what retail would need to DRS to activate the KILL SHOT. But can we expect all insiders to DRS? + +https://preview.redd.it/nny2bcrfhrb81.jpg?width=1066&format=pjpg&auto=webp&s=03ec193b35301627958b5b177640ea01f29e51f7 + +So in conclusion, it is my belief that a company such as GameStop can be subject to abusive naked shorting and be powerless even if the company has $1,000,000,000 in the bank to hire the best lawyers. RC might be wall street's darling with a real turnaround strategy for GameStop, but let's be real, Kenneth Cordele Griffin is worth $20Bn+ and has been in the game long enough to have the most powerful and influential contacts in the financial and political spheres. No one knows who all the bad actors are in this unfolding Hollywood drama but for the first time in history it appears that a public company could have 100% of its outstanding shares DRS'd. + +Disclosure: I have not DRS'd yet but come next Tuesday Fidelity is going to have a fu\*\*\*\*\* surprise. I will post my purple ring when it arrives in the mail and continue to share my DD / research which I believe will benefit both GameStop and its shareholders. +The market at ATH deserves a separate thread. I was sitting on a decent chunk of cash in the hope market will crash. I have 5-6L sitting on a savings account. I am aware time in the market beats timing and that's why I continued my SIPs but need to park savings account money somewhere. What are you guys doing? +It's 2020 and they're charging you a maintenance fee and a high trade fee, if you want to trade overseas stocks you'll also be slapped with a hefty FX fee. Oh have i mentioned that their ISA has a very limited stock offering? I remember calling them asking to buy CD projekt in 2018 after 10 minutes on of being transferred they said that it's not available at this time. + +It's 2020 are they really relying on high net worth's and the elderly to keep them afloat? +I sold this guy some gear in a video game for $86 dollars and he payed me through PayPal. The next day, I get an email from PayPal saying that he claimed it was an “unauthorized transaction” and PayPal just refunds him completely, no questions asked. + +I tried to talk to PayPal about it and told them I was scammed, and they said they’ll have to look into it. + +Now a week later I get an email from PayPal that they charged me $40 dollars for a “chargeback fee”. Whatever the hell that is!? + +Anyway now I’m -$126 and I can say I will never use PayPal ever again. Is there any way I can get this fixed? +GM /r/superstonk, + +BEYOND thrilled to share that Guild of Guardians (an Immutable Studios game, launching soon on GameStop) has just announced the largest esports partnership in web3 history, with eight of the world's biggest orgs. + +Read about it here: [https://venturebeat.com/games/guild-of-guardians-teams-up-with-top-names-in-esports-to-grow-web3-game/](https://venturebeat.com/games/guild-of-guardians-teams-up-with-top-names-in-esports-to-grow-web3-game/) + +Twitter announcement: [https://twitter.com/0xferg/status/1570403686622412801](https://twitter.com/0xferg/status/1570403686622412801) + +You can pre-register here for Guild of Guardians: [https://www.guildofguardians.com/](https://www.guildofguardians.com/?ref=justinh) + +Feel free to drop any q's and I can try and get to them in the morning! + +[\- Robbie](https://twitter.com/0xferg) +At least when you momentum-trade meme stocks, you're only stressed out for short periods of time. After joining thetagang, now I'm just stressed out allll the time. Nights, weekends... all the time. + +I had a lot of cash in my account (gains from said YOLOing) and wanted to settle down and wait for good entry points for real investments into boomer stocks. I thought I'd make a few bucks with theta strategies while I wait. I don't think I've had a successful trade in the past month. All my 'low-risk" 30-45 DTE theta plays (like 0.07-.10 delta, both puts and calls) have blown up within days of entering the position. Now every day I just get to watch my unrealized losses grow and grow. Is the market actually underestimating actual volatility or am I just really unlucky/bad at picking companies? + +**"Give yourself enough time to be right"** \- I feel like choosing month-long expiries just gives me more time to be wrong. + +**"When doing a spread, choose wide strikes, so your break-even point is better."** Yea, it's better, by like half a percent. It also means your long strike won't help you out at all. At least with narrow strikes, if the stock really moves hard, you can just close your short side and then ride the long side's momentum. + +**"Sell calls on green days, puts on red days.**" Sometimes, when a stock goes down, it keeps going down... Likewise for calls and going up. + +&#x200B; + +If I'm having to care so much about direction and momentum with theta strategies, I might as well just daytrade. +I know this sounds fucking ridiculous, but my music professor at school is the one who said this (it took him over half a class lmfaooooo), not some respected economist or whatever. Ignoring the fact that he hilariously indoctrinated his students in a music class, is it true that all countries that are rich nowadays became rich do to imperialism and/or colonialism and no rich country ever got rich nor can get rich on its own? Sounds B.S on concept, but what is the evidence? +Having a tough time deciding on whether to add to my SCHD position right now. I bought in for around $75/share and the ETF is now over $79/share. Would you add to the position even if it raises your DCA, or should I invest in individual dividend stocks that are significantly discounted at the moment? +Thanks +I don't see anyone of his caliber talking about it besides him (despite [Steve Hanke](https://fortune.com/2022/04/13/record-inflation-8-5-economy-fed-wrong/), but I don't know how he is seen in the economics world). I would like to see more opinions (be it in accordance or discordance) +>U.S. oil prices plunged more than 25% on Monday on fears that worldwide storage will soon fill as the coronavirus pandemic continues to roil demand. + +>West Texas Intermediate for June delivery fell 27.4%, or $4.65, to trade at $12.29 per barrel, while international benchmark Brent crude traded 7.7% lower at $19.79 per barrel. Each contract is coming off its eighth week of losses in nine weeks. + +>... + +[Read full article on CNBC](https://www.cnbc.com/amp/2020/04/27/oil-news-crude-wti-brent-prices-today.html) +To be honest, it doesn't seem much different to have 500 stocks or 1,500 out of 2,000 stocks with a market share of less than 0.01%. Somebody tell me the benefits. +I have around 4L just sitting around in my bank account (stupid I know). So I wanted to do the safe choice of investing in Mutual funds. Mostly start SIP on index and Debt funds. + +On looking at the market, lot of equity stock has soared high after the Covid dip in 2020. I was looking to invest in UTI Nifty 50 Index fund. But Reliance and Hdfc are so highly valued. And If I invest my money on lump sum and the market corrects back to pre Covid levels, I will be losing a lot of money here right? + +So if I am correct, what should someone do with their money. Park it in Liquid funds? Saw a few recommendations in the sidebar. I am assuming this beats the FD rate and whenever they feel confident they can withdraw and put it in the MFs they want. +I had just gone to bed when something occured to me. I am typing this idea on my phone and would love some input. + +________ + +This hypothesis is an attempt at explaining the current downward price trend, and why it may signal that the battle is nearly won. It also theorizes that shorts may have inadvertently shown their hand. + +_______ + +**"For shorts to stay short and keep shorting, the price must fall"** + +This thought rung inside my head for a few minutes after laying down. + + +For the last few days we've seen an almost linear downward turn of the price. This is counterintuitive, as apes have been buying. + +My theory is that shortsellers are running out of leverage, and fast. Apes keep buying, the short interest keeps growing... and they can't close. This leaves one option. + +We already presumed shortsellers (Citadel) could control the price by routing buy orders through dark pools and filling them with synthetic shares, created through options(correct me if wrong).. what few people realize is they may be able to control it almost entirely, so long as they get to fill just some of them. + +If they run out of margin, their only option is to reduce the value of the stock, by filling every buy order with a synthetic short, so as to eliminate upwards price movement, and thus deliberately lower the price. + +Every share sold short adds to their debt. + +Every lowering of price reduces their debt. + +Therefore, to keep their short within margin, if they want to keep shorting (which they MUST or the price explodes), they have to keep selling their synthetic short shares cheaper and cheaper, at a lower and lower price. + +With this in mind, I present my theory that shorts are running out of margin, to the point where their only option is to increase their leverage exponentially, through naked shorting at lower and lower price points. + +The price is exactly what they need it to be and this is their deathspiral. + +But what's down there? Apes, more and more eager to buy the dip. + +If their short interest doubles, they have to force the price down to half, to keep the debt the same. + +Shorts have to sell synthetic shares cheaper and cheaper to keep their margin covered. The price is falling because... For shorts to stay short, the price *must* fall. + +_______ + +Alright time for bed. Someone with more wrinkles, kindly critique or review how likely you think my hypothesis is. + +_____ + +**Edit: TL;DR** +*Buy and hold. Price will drop becuase hedgies will go bang if it doesn't, so they are forced to drop it artificially by filling buy orders with cheaper and cheaper synthetics. This is an accelerating pattern (deathspiral) which will make them go bang anyway, and probably soon.* + +*When the short interest doubles, the price must drop by half, to keep the margin the same. The more shares apes buy, the cheaper hedgies have to sell them to avoid triggering MOASS.* **If apes keep buying, hedgies are fucked.** + +**buying the dip forces them to make more and even cheaper dip, repeat till MOASS** + +____ + +**Edit 2:** I sketched up a lil visual representation https://imgur.com/a/FeXKDdt +When you buy, their debt grows, forcing them to tank the price by selling synthetics cheaper, to keep their debt in check. This lowers the price, **making GME move exactly opposite how you'd expect** a stock to react to buying and selling. The higher their Short Interest %, the more vulnerable they are to any and all catalysts (such as a dividend payout) +I suffer from severe anxiety and I’m intellectually disabled. For some people, the idea of phonecalls/haggling with a bank is terrifying. + + +I called my bank yesterday (Pepper Money) and with one sentence I got a rate reduction of nearly 1%. +I called and said that my interest rate was too high, and that was all it took! +The gentleman lowered my rate instantly. Told me to call every 6 months for a review. + +I was stunned…I thought I’d have to argue but I didn’t. I just wanted others to learn from my experience, hopefully it can help somebody else. + +I wanted to call the bank for months, but delayed it because I thought I wouldn’t get anywhere. I wish I’d called sooner. +Hi everyone! As the title says, I’m looking for a stock that I am going to spend a semester researching. This will be my first valuation report and I’m looking for a stock that can help me get a deeper understanding of valuation and also a company that would be interesting/exciting to learn about. + +Some things that I need to include in the report are: + +The companies industry/competitive environment. + +Income statement analysis. + +Financial modeling such as a DCF model. + +It also has to be 10 to 20 pages. + +Any suggestions would be appreciated! +https://www.washingtonpost.com/business/2020/07/01/treasury-loan-yrc-worldwide-cares-act/#click=https://t.co/owx7eBDPzF + +"The Treasury Department announced on Wednesday that it will loan $700 million to a trucking firm that ships military equipment, in exchange for having U.S. taxpayers acquire an almost 30 percent stake in the company." +Uber will not be granted a new licence to operate in London, Transport for London (TfL) has said. + +The regulator said the taxi app was not "fit and proper" as a licence holder, despite having made a number of positive changes to its operations. + +Uber originally lost its licence in 2017 due to safety concerns, but was granted a 15-month extension. + +Uber now has 21 days to appeal against TfL's decision and can continue to operate during that period. + +It had received an additional two-month extension in September which expired on Sunday. + +https://www.bbc.co.uk/news/business-50544283?ns_source=twitter&ns_linkname=news_central&ns_campaign=bbc_breaking&ns_mchannel=social +I have been curious about how to time my contributions to my IRA. Is it best to do dollar cost averaging over the year, dump it all in at the beginning or try to time the market? + + +I did a little study where I downloaded the last 40 years of the S&P 500 index and compared five different IRA investment strategies. [Here's the exact spreadsheet I used for those who want to take a look at the numbers](https://docs.google.com/spreadsheets/d/1QlouWy6ZQq09cDqUWT1jIkbtU4JcFpSdf6XLExO3cwk/edit?usp=sharing). + + +If you're interested in a more visual journey, you can check it out here: https://imgur.com/gallery/myWu64q + + +I wrote it out as a little story with fictitious characters to make it a little less boring. + + +#Five way to time your IRA contribution + +Steve, Mike, Larry, Tom and Paul were college friends who graduated 40 years ago. On they day they graduated, they made a pact to max out their IRAs every year, starting in 1979. (It was a Traditional IRA back then as the Roth wasn’t introduced until 1997). + +&nbsp; + +They continued contributing every year for 40 years from 1979-2018. Every year they maxed out their IRAs as allowed by the IRS. Over the years the IRS has changed that contribution limit as follows: + + * 1979-1981: $1,500 + * 1982-2000: $2,000 + * 2002-2004: $3,000 + * 2005-2007: $4,000 + * 2008-2012: $5,000 + * 2013-2018: $5,500 + +Maxing out their IRAs for those 40 years, each of the friends contributes a grand total of **$123,500** in cash. + +#Save or Invest? + +Steve had heard that the stock market was risky, so he decided to never actually invest his money and instead left it in a money market account inside of his IRA. The other four were ahead of their time and knew the power of buying and holding index funds. They all decided to invest 100% of their contributions in a single S&P 500 index fund and never sell. But each had a different strategy about when to make the contribution and investment. Let’s see how they fared. + +#Steady Saving Steve + +Steve hated the thought of losing his retirement money and heard the stock market was risky. So every every month for forty years he would contribute 1/12th of the maximum allowable IRA contribution to his IRA and leave it invested in a money market account. (Basically an interest paying cash account). His account earned interest, which was a bit of a wild ride over the years since the interest rates were over 17% (wow!) for many months in the early 80s, but under 1% from 2009 through 2018. With his slow and steady saving and consistent interest, Steve’s nest egg never went down in value and grew to **$210,557** by the end of 2018. + +#Monthly Maintenance Mike + +Mike also contributed money once per month in equal amounts of 1/12th of the annual contribution limit. But instead of leaving it in a money market account, Mike always invested it in an S&P 500 index fund. He left it alone and never sold anything. His monthly strategy grew his investment to **$1,045,129** at the end of 2018, beating Steady Saving Steve by 396%. + +#Lump Sum Larry +Larry didn’t like waiting or making monthly transactions. So on the first day the market was open each year, Larry maxed out his IRA and invested it in his S&P 500 index fund in a single lump sum. His lump sum strategy grew his IRA to **$1,109,386** at the end of 2018, beating Monthly Mike by 6.1%. + +#Terrible Timing Tom + +Tom also dumped all his money in at once each year, but he had the worst timing possible. Instead of buying a little each month or buying all at the beginning of the year, Tom invested the moment of the absolute peak of the market each year. For example. in 1987, he dumped all his money at the peak, right before Black Monday only to watch the value of his IRA drop by more than a third over the following few months. But he never sold, and stuck to his terrible timing for 40 years. His strategy netted him **$919,533** at the end, about 12% less than Monthly Mike made. + +#Perfectly Precise Paul + +Paul also dumped all his money in at once. But Paul was omniscient. He was only person on the planet that pinpointed the exact instant of the market low 40 consecutive years. And at that instant he optimized the potential value of his IRA by dumping every penny of the annual max contribution and happily watched it go up for the remainder of the year. Paul’s impossibly perfect precision earned him the most of any of the five friends: **$1,212,838**. Even with his ability to see the market bottom before it happened, he still only beat Lump Sum Larry by 9.3%. + +#The Lesson + +All four of our index fund buyers handily beat the savings account by well over 4x. They were wise to understand the power of buying and holding an index fund without worrying about the volatility of the market. Terribile Timing Tom and Perfectly Precise Paul showed that even the worst or best possible timing really doesn’t change things all that much. And the realistic strategies that Larry and Mike employed were pretty close, with Lump Sum Larry coming out slightly ahead. + +&nbsp; + +So if you’ve got the cash, dump it all in on January 1st. If you like the idea of dollar cost averaging, set up auto-investments so it happens every month without having to look at it. But the important thing is to invest early and often! 🙂 + +Edit: If anyone is interested, I do a lot of stuff like this over on [my instagram](https://www.instagram.com/personalfinanceclub/). I'm not selling anything, make no money from it, etc. If linking to this is too self-promotey I'll happily take it down. :) +*YOU DO NOT NEED A LAMBORGHINI* + +*YOU DO NOT NEED A MANSION* + +*YOU DO NOT NEED 1000 ACRES OF LAND* + +*YOU DO NOT NEED ALL THE USELESS DRUGS IN THE WORLD* + +*YOU DO NOT NEED ALL THE USELESS SEX IN THE WORLD* + +*CONTROL YOUR DESIRE AS IT WILL DESTROY YOU* + +*EVEN IF YOU DO GET THAT 100M DOLLARS WITH YOUR MEASLY 10 SHARES* + +*EVEN IF YOU DO GET THAT 1 BILLION DOLLARS WITH YOUR 1000 SHARES* + +*TAKE THIS TIME TO UNDERSTAND THE POWER OF THE PSYCHE* + +*TAKE THIS TIME TO UNDERSTAND WHAT IT IS THAT IS YOUR WEAKNESS* + +*TAKE THIS TIME TO WEAPONIZE YOUR DREAMS TO UNDERSTAND THE SELF* + +*THERE'S NOTHING WRONG WITH DESIRE* + +*BUT IT IS EASILY PERVERTED* + +*AND IT WILL EASILY DESTROY YOU* + +*SUSTENANCE, LUXURY, AND INEBRIATION IS NOT ALL THERE IS TO LIFE* + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +>YOU ARE HAPPY BECAUSE YOU KNOW YOURSELF +> +>YOU ARE HAPPY BECAUSE YOU KNOW STRUGGLE +> +>YOU ARE HAPPY BECAUSE YOU HAVE SUFFERED + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +*BUT EVERYTHING YOU HAVE EVER GONE THROUGH MEANS NOTHING...* + +*IF YOU BECOME SUPERFICIAL AND LIVE FOR MATERIALISM* + +*IT HAPPENS IN AN INSTANCE AND YOU WILL BE FOREVER DESTROYED* + +*BECAUSE YOU DID NOT TAKE A FULL INVENTORY OF YOURSELF BEFORE YOU ARRIVED* + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +**SO I ASK YOU ONE LAST THING BEFORE YOU DIAMOND HANDS TO MILLIONS OR BILLIONS...** + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +*DO YOU KNOW YOURSELF?* + +*DO YOU KNOW WHAT YOU WILL DO FOR THE WORLD?* + +*OR WILL YOU DO NOTHING BUT SPEND MONEY ON GARBAGE...* + +*AND DESTROY YOUR SOUL IN THE PROCESS?* + +*YOU WILL END UP JUST LIKE THE MEN YOU HATE IF YOU DON'T HARNESS SELF DISCIPLINE* + +\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ + +**GOOD LUCK APES CAUSE SHIT IS ABOUT TO GET REAL** + +**AND LASTLY YOU'VE SEEN THE TWO WORDS FAKE SQUEEZE A THOUSAND TIMES** + +**CAUSE THEY'RE ABOUT TO FUCK WITH YOU** + +**WE WILL NOW SEE THE TRUE DIAMOND HANDS** + +.... + +# BE CONTENT WITH NOTHING... + +# AND WHEN YOU HAVE EVERYTHING??? + +# RULE YOURSELF WITH AN IRON FIST +All these “I made $368 on my BIG DICK YOLO PLAY praise my nuts and MOONY MOONY HOLDLD” bullshit is fucking ridiculous! + +Having been here since before GameStop in January ( not by much), all of a sudden this sub is all about teamwork and taking down the corporate elite and “please we need help for stock XYZ!!!” or “ignore ABC!! You fools!! It’s all about 123!!!” All from accounts that are made in the last three to four months. + +For fucks sake, this is not a team effort. This is not a bunch of masked individuals here to help you get out of the hole you dug by betting your rent money or your fucking aunt may’s entire pocket book on stocks that rise and fall by the swing of your dick! We are all here to make money and I wish everyone could remember WSB in its prime where you only posted actual shitpost memes from gladiator or some high quality material once in awhile to break up the real and massive loss/gain/yolo porn. That made it a little better when sifting through the scum of posts with ass DD to find that diamond in the rough of someone who posted something NEW or actually added info instead of repeating the same echo chamber of a false hope that “___ is the next BIG SQUEEEEZE” + +How about you gamma squeeze these nuts, shut the fuck up, and read instead of posting more bullshit for the mods to wipe clean like a triple-ply once-over clandestine shit sweep. These mods are heroes for listening to this cringy begging ape shit for months now, so try to make their lives easier and learn something in the process. + +Today was a bloodbath for memes, so welcome to fucking Valhalla you shit for brains monkeys, the keys to get out are on the next play if you managed not to lose it all or have another aunt to short squeeze. + +End rant + +Sorry for probably breaking the rules mods, you guys rock. + +EDIT: first off, thanks for the awards and support blah blah blah I knew you guys were still hanging around like me, wading through the seas of bullshit posts to find my own bullshit post! But I’ve let you down, I forgot the first rule I ever learned here, which I learned before GME, before the “thanks u/CumFlakess”, before the Purple Mattress King, or low battery, etc.. + +POSITIONS OR BAN!!! + +Positions: +1000 shares of SNDL +45 shares of CLOV and $12c 7/16 x4 +100 shares of WISH +350 shares of UWMC and 16c + 14c 7/16 x15 +And a bunch of Wendy’s puts because even I saw that one coming +I don't know if this is the right subreddit to ask this question, so apologies in advance if this is violating any of the rules. + +I studied at a regular run-of-the-mill college in a major city in south of India. 15 years after graduating, I find myself in a fairly good financial position and in a very high paying job. I feel very blessed and I credit a lot of that to this college and the friendships I formed there. The college too has grown and has attracted a wide diversity of students from various walks of life. I'd like to start a scholarship for 1 deserving student (based on their academic marks). My plan is to either pay on behalf of the student before they join the course or convert this into an award where I reimburse some portion of the fee to the student after they complete the course. Other than picking up the phone and speaking to the principle, I don't know what else to do. I asked my CA and he doesn't seem to know what to do as well (and he also dissuaded me because "*why do you want to waste your money?*"). What is the best way to start this effort? Do I need to create a fund? How does this impact taxes, etc? +The coronavirus crisis has seen strong growth of first-time investors. + +Between March and August 2020, "Tesla stock" was the most searched for company stock for investment in the United States, generating an average of 7.52 million monthly searches. From Meme Stock to Meme Coin we have seen it all. People who don't have time/strength to study stocks generally prefer mutual funds where sits MBA grads from top universities. With such immense knowledge and experience, everyone trusts their picks and assumes that they will obviously perform better than an average person who has no idea how to pick stocks. + +Here comes an interesting story where economist Burton Malkiel says that “a blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.” + +Sounds like a challenge right? And many would believe this was just a political statement. + +This theory was actually tested and named as a dartboard contest where Wall Street Journal staffers, acting as the monkeys, threw darts at a stock table, while investment experts picked their own stocks. After six months, they compared the results of the two methods. + +After 100 contests, the results were in. + +On October 7, 1998, the Journal presented the results of the 100th dartboard contest. So who won the most contests and by how much? The pros won 61 of the 100 contests versus the darts. That’s better than the 50% that would be expected in an efficient market. On the other hand, the pros losing 39% of the time to a bunch of darts certainly could be viewed as somewhat of an embarrassment for the pros. + +Additionally, the performance of the pros versus the Dow Jones Industrial Average was less impressive. The pros barely edged the DJIA by a margin of 51 to 49 contests. In other words, simply investing passively in the Dow, an investor would have beaten the picks of the pros in roughly half the contests (that is, without even considering transactions costs or taxes for taxable investors). + +The underlying theme of these stories is that stock market “experts” aren’t really experts at all. They may be able to get lucky over a short period of time, but the longer they invest, the less likely they are to continuously beat the market. +Hi everyone, + +I mainly invest in the EU and wanted to find an answer for a question that's been eating at me for some time. + +Given all that is happening geopolitically in the EU with regards to energy & effects on inflation & economy (for example italy and germany), how are the markets still at theses levels or even going up? + +The writing has been on the wall for a few months now, and unfortunately it doesn't seem like it will get better. I don't see anything but bearishness or huge bearishness. + +Can someone explain or tell me the other bullish view on the EU? Maybe I'm wrong and everything is awesome and will get better? +I'm sure I bought in at a bad time but I've moved some of my gains into ETFs and my rationale for ICLN was that it's a clean energy ETF which I like. But its down about 15% since I've bought it and it's my worst performing individual stock or ETF in my portfolio. + +I'm either holding it for any years or buying something else either way, so I'm not miserable that it's down 15%, but I'm wondering if there are some better options out there in this space. +Probably gonna get down voted to high hell, but whatever, here goes. + +The constant spread of "oh there's gonna be a dip after positive earnings" bullshit is backhanded FUD. So fucking what if there have been 2 before, the simple fact of the matter is that no one has a crystal ball and can predict the future. + +I sure as hell bet there are people itching to sell now and buy in lower on the premise that there has been a dip after earnings in the past. Don't be manipulated into this shit. + +Stick to your guns, buy and fucking hold, it's as simple as that. + +**Don't** fucking buy, hold, sell, buy lower and then hold. Because if you do, **then you are part of the problem and you're fucking day trading so I hope you get burnt.** + +This is fair warning, no ape knows what the fuck is gonna happen. +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.. +My husband and I both gave notice at work and we will be leaving our jobs at the end of the year. + +*Since I always appreciate having this information when reading other posts, we are 50, a college-age son, and retiring with a NW of ~9m in index funds, muni bonds and some cash. + +My husband has an opportunity for doing some consulting work that will pay 18k (pre tax) per month. While we are not sure whether it is worth doing in the long-term, it is hard to pass up the income for a few days a month of work in the short term. We are wondering what the best way to go about setting this up is. We have only ever been W2 people. As so many people on here are business owners, we would really appreciate any advice we can get!! + +EDIT: we wanted to thank everyone for their great advice. This has been amazingly helpful to us! + +My husband is in media/OTT programming. And while 18k per month consulting IS a lot of money (I agree!), it is quite a specialized field. + +We have been lucky to land the right jobs at the right time and have always been big savers. I have watched friends and siblings spend on big houses and fancy cars/clothes/etc for many years, and while I do not judge it at all, we always wanted to take a different path. For us, time is what we value the most and want to spend our money on. +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! + +Jeff Bezos is the world's richest man. + +The recent surge in Amazon stock has pushed Bezos' fortune to over $90 billion, vaulting him past Bill Gates. + +Although he has been a billionaire for more than 20 years, his wealth has surged in the last two years. +http://www.cnbc.com/2017/07/27/jeff-bezos-is-set-to-become-the-worlds-richest-man.html +https://www.cnbc.com/2020/05/12/young-investors-pile-into-stocks-seeing-generational-buying-moment-instead-of-risk.html + +The major online brokers — Charles Schwab, TD Ameritrade, Etrade and Robinhood — saw new accounts spike in the first quarter, when stocks experienced a dismal rout and subsequent rebound. + +The new accounts may represent “new investors who sense a generational-buying moment but do not have much background in the equity space,” said Citi chief U.S. equity strategist Tobias Levkovich. +This is a fictional scenario, but hear me out: + +- let's say I have a net worth of 1MM € invested in VWCE (or any *accumulating* broad market ETF so no dividends) +- I live off this investment, take out 3% every year so 30k € +- I have to pay a wealth tax every year which according to [this](https://www.blueumbrella.nl/faq/income-tax/income-tax-rate-in-the-netherlands/box-3-tax-rates) is 1.000.000 x 0,0553% -> 55.300 x 0,31-> 17.143€/ year +- So my net income for a year would be 30k - 17k = 13k € +- In order to have a net of 30k/year I'd have to have almost 3 MM € invested + +How can this be resolved? + +- Don't FIRE in the Netherlands? +- Don't use accumulating ETFs? + +Or is my math off? Thanks in advance +17 male. $25k saved. + +Hey guys, 25k saved here and I’m wondering where to allocate (I work a lot). I rarely ever spend money and have 1500 in VOO in a Roth IRA. What other investments should I make into my Roth IRA to max it out this year? Also what other investments can I make? (I will not invest in crypto so do not comment that lol) thanks! +Probably one of the hottest new stocks to launch, and the hype reads like a new Tesla or Amazon. I'm not sure though. Their business sounds like it's been sketchy for a few years and is there really any more you could innovate out of delivering pizzas to dorms? I'm 50/50 but the FOMO is real. +So I got into investing in pennies in early2021 and made a bit of money and reinvested it, held everything for a bit and it went red.... slightly... then more... then more... now my portfolio is basically 50% down and I'm not sure what to do, part of me says that I should hold until at least one bangs and I can write off all the losses. But what if I'm just holding everything to 0? Should I walk away thousands of dollars down or hodl for another year? +Before I got a comfortable salary and savings, I was obsessed with getting the latest handbag and fancy jeans. +Now that I’m not worried about money anymore, I just go for practicality, fit and comfort. + +3 pack tshirts from Gap with soft cotton?! +Yes. +Maybe some expensive but zero logos shoes? Big yes. + +Somehow I’m just put off by anything flashy. Plus in the current economy, better to appear poorer I think. + +Healthy and fit body, clear skin, good hygiene and grooming - show more wealth than branded fashion. + +Wondering if anyone else feels like they’re over luxury shopping ?! I even find myself judging others for showing off somehow, not ideal but being honest +I know some ways but, always look for new ways to save money. I think everyone knows to buy things on sale, and use coupons. What do you do to save money? +Up until a few weeks ago, I was working for minimum wage - making about 30k/year before taxes. With student loans, insurance, groceries and other expenses, I wasn't left with much after paying all of my bills. I recently landed a 50k job and I was pretty happy at first. The thing is that it's a pretty decent salary to me but I was always told growing up to not end up as a "bum" earning a middling 50K, so in that sense I still feel like a horrible failure. I guess my question is, how much do most people my age make? Should I be feel comfortable with this salary? +The fact that some people like to predict the future by seeing cups and handles in candlesticks does not mean that we should disregard the value of statistics. + +Trying to keep an open mind, how could some aspects of technical analysis fit in the day of a value investor? I am not talking about trying to make predictions, but about evaluating the stock, its industry and sector, or its market in general. + +Or this is strictly a quantitative analysis subject? + +One aspect I am thinking about is how some technical analysis can show if the market is aware of events and how fast (if at all) it reacts when a catalyst appears to give the price a nudge. + +Another one is perhaps trying to isolate a stock's progress from the general sector growth or the market's inflation. + +Any ideas? Any reading material I could check? + +Thanks in advance + +Edit: Added the initial paragraph +Hey all, + +I posted a while back about BIC, the lighter, pen and razer manufacturer. Now, as the price has fallen substantially, I really believe this is a great stock to own with strong upside potential. + +BIC products are ubiquitous. They are consumer staples that are sold at nearly every office supply, grocery, supermarket and gas station in the western world. They have strong brand awareness, gross margins of 50% and best of all, the stock is very cheap. + +BIC trades at 4.7x EV/EBITDA. EV/free cash flow yield for 2021 is 12.1%. For the next few years, BIC is targeting 200m euro's in free cash flow anually. This translates to about a 11% EV/FCFE yield, which is outstanding. I usually only spot 10% FCFE yields when companies are in either oil or tobacco, both of which have problems of their own. + +BIC has 475M in cash and 116M in debt. 2.5B in assets (11% of which is goodwill + intangible) compared to 873M in liabilities. Furthermore, they're buying back a LOT of shares and they've made some interesting investment and acquisitions such asq Rocketbook. + +This is a time where hugely indebted and non-growing companies such as McDonalds are trading at EV/EBITDA's of 20. BIC is a steal at a quarter of the valuation. Everybody knows BIC products, they're unlikely to go anywhere especially when schools and workplaces will be reopening en masse. Did I mention they pay a 4% dividend, which was nearly 6% before the pandemic? + +I have established a decent position in the anticipation of multiple expansion upside. The downside is, in my opinion, relatively limited. + +Kind regards! +I’m looking for some good deals. I personally like NVDA and MSFT given the Covid / labor shortage headwinds we face. But these stocks still seem expensive…right?? +Semiconductors are going to be needed more and more as we become more reliant on technology. Currently, we are heavily reliant on TSM and other international foundry businesses to fuel this necessity. Now Intel is investing heavily in becoming the largest national foundry in the United States. I think this provides investors with a unique opportunity to buy a cheap stock that will eventually become a local monopoly. If you look at this [chart](https://viz.wiijii.co/chart/?id=-MjaE_38Rr4-_UGZKPRb), it becomes apparent that INTC is trading at a third of the price as TSM! Now TSM has significant margin advantages, but Intel's margin should increase over time. + + +What do you think of some of the other stocks on this chart? +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! + +The latest addition to the Shiba family has arrived. Baby Shiba Inu, is so cute, he makes your heart melt and want to take him home. Launched into the bsc realm 2 days ago and is mooning since then. Devs are very active on voice chat and have been doing regular AMAs and responding to the community's suggestions. + +Poocoin ads, Coinsniper promo and trustwallet logo are already live. A few influencer shills have taken place so far and a lot more is in the works. The team just got extremely positive news in regards to fast-tracking the CG submission, which is expected to be up by Tuesday. This token has achieved things that would normally take weeks in just 2 days and doesn't seem to be slowing down! + +The branding has enormous potential, merchandise looks dope as well, all profits of which will directly go to the Shiba Rescue Charity organization. There will be a donation done very soon! + +There is a 11% tax per transaction: 6% of which will be added to the liquidity pool, 2% will be redistributed to all holders (including the burn address, increasing the value of the token over time) and the remaining 3% will go to the giveaway wallet which will be used to reward holders! + +There are anti-whale features in place, including a 10 trillion (1%) maximum transaction cap and 30 trillion (3%) maximum wallet cap. + +Liquidity is locked and ownership renounced. + +📱https://t.me/babyshibatoken + +🌎 https://babyshibatoken.com + +📄 0xaecf6d1aff214fef70042740054f0f6d0caa98ab +the fact that most people don't actually want house prices to go down? + +From what I've read, there are clearly policy solutions (e.g. ban negative gearing, ban non-Australian ownership, tax property inheritance) that would prove effective in controlling house prices. + +However, these aren't introduced. Instead, 2% deposit schemes, 5% FHB deposit schemes etc. were pushed out and the government leaped out during last year's COVID pandemic to make sure the property market won't crash. + +The government of the day does things that will help them win elections...i.e. things the majority of the voting population wants. ABS tells me home ownership is at around 67% (2016 census). Putting two and two together...isn't the root cause of high property prices the result of political will? + +If so, is there really a solution to the price hike...especially if the majority of voting Australians are secretly (or not so secretly) in support of it? +I know you want something different, Reddit. I know you want the 💎 in the rough; the needle in the haystack. It’s true that Safemoon did its thing and went 10000x in a month. So many memecoins claim to do the same thing, but never deliver. None of them have a mission like what I’m about to share with you. + +SavePlanetEarth Token 🌎🌱 + + +SavePlanetEarth is that diamond; that needle in the haystack. They have the doxxed team. They have connections. They have an active, supportive community. They’re a registered company in the UK. They’ve got the projects going through, and they are planting more and more trees every day. SPE is working on merchandising, an extensive marketing push (more so than they’ve already done), and most importantly, they’re only 18 days old. They’ve already planted 15,000 trees in climate-endangered regions, like Sri Lanka and the Maldives, and they have photo and video evidence for proof. They even have a video of the chairman of GAFEC in Sri Lanka reporting their progress in the planting of 10,000 trees in the Knuckles Forest range. + +This is a coin making a real-world impact, holding a long-term vision, and taking the first step into the future of fighting climate change with blockchain technology. + + The first major milestone of the project is to plant 1 billion trees 🌳. This is well underway as stated before with the Sri Lankan governments and Maldivian governments. While these are small countries, they are the most at risk for climate-endangerment and that’s why initial efforts have started there. You have to walk before you can run. That’s what we’re doing now. + +💚🌲💚🌲💚🌲💚🌲💚🌲💚🌲💚🌲 + Celebrities are also catching on too. Tony Hawk tweeted to his followers that he took the Cameo money and invested it into $SPE. You can see that here: + + +https://twitter.com/tonyhawk/status/1387238731346702337?s=19 + +And that’s just one of the celebrities catching on. + +You want to get in on this project while it’s still working with small projects. It’s already Or are you gonna FOMO in when they’re a household name and helping restore the Amazon rainforest? When they are a global cryptocurrency backed by carbon sequestration and carbon taxes? You’ll be priced out by then. Get in now or you’ll miss the rocketship. + + + + + + +🔗 LINKS: + + +👉Website: https://www.saveplanetearth.io + + +👉Twitter: https://twitter.com/spe_token_bsc + +👉Instagram: https://www.instagram.com/spe_token + +👉Discord: https://discord.gg/SPECrypto + + +👉 Telegram: https://t.me/saveplanetearthtoken + +👉 Chart: https://poocoin.app/tokens/0xdBaAa36B347d56b77Ce0e36f050fCeEBbF9fbc38 + +👉 BscScan: https://bscscan.com/token/0xdbaaa36b347d56b77ce0e36f050fceebbf9fbc38 + +👉 CoinMarketCap: https://coinmarketcap.com/currencies/save-planet-earth/ + +👉 Chart: https://poocoin.app/tokens/0xdBaAa36B347d56b77Ce0e36f050fCeEBbF9fbc38 + +👉 Proof of Incorporation in UK: https://find-and-update.company-information.service.gov.uk/company/13327811 + +👉 White Paper: https://pdfhost.io/v/sYrnJRoVp_SPE_WhitePaper_Draft_Imranpdf.pdf + +👉PancakeSwap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdBaAa36B347d56b77Ce0e36f050fCeEBbF9fbc38 +I've been investing in real estate since the beginning of the the recovery from the 2009 mortgage crisis. With prices as high as they are now, and mortgage rates increasing, I'm consid selling a property or two and holding cash because cash is king in a crash... So here's my question, when do we think the next bubble will pop? Or do we think inflation and subsequent devaluation of the dollar will outpace and potential market crash? It's gotta be one or the other. Thoughts? +Nothing in my post should be assumed to accuse anyone of anything. + +This is my theory of everything. My Charlie Day-DD. This is, I think, the blueprint for getting us through these last few agonizing days. Sorry, it's walls of text, but I think you'll enjoy reading it. + +This will be the only meme. + +[Me looking in the mirror](https://preview.redd.it/4gl6kzpzvku61.jpg?width=577&format=pjpg&auto=webp&s=724e041ff7ac46276b8b27ed9b306383233436fb) + +This is in all likelihood my final statement on the matter until new information comes to light. I've been working on it since the evening of 4/19 and it is enough to carry me through to the squeeze. I hope others will pick up where I left off, hack it apart, fill it in, and improve it, but I think I am done producing DD. I'll be around to talk about it though. + +I could never leave this community. I am 34 hours into writing this and it’s the longest I haven’t checked new posts reddit in months. Can’t wait to see what I have missed. For the past three months, I wake up and log in and don’t log out until I sleep. + +I’m also exercising more, eating better, and have had the most generally positive outlook on life that I can ever remember having. All of that wrapped up in a community whose values I love, which is far different from the communities I grew up in, and of whom I genuinely feel a welcome part. I have cared for and felt protective of and protected by members of the community. Then, there is the dream that I will finally be able to spend my time how I choose for the rest of my life. These are my emotional connections to the rest of you Apes. + +That said, this is my bet on everything. + +# War for the Reddit of the Apes + +There is a key point we have been missing that explains pretty much everything, but as usual it requires a fuckton of words to get to it. If I’m right, I expect I’ll know sooner rather than later. + +I have pages of evidence and dozens of screenshots that I will curate and release as necessary, but I’m doing my best to protect individuals’ privacy. I think what I’m posting here will give you the tools to draw your own conclusions. + +Standard Disclaimer: Never trust anyone on the internet. I hope this will spark some interesting discussion and help Apes understand what is to come in the next few days or weeks. All I know is when I started thinking this way it explained everything from the market behavior to what’s been happening in our communities since January. + +**The key point is this:** What’s happening with GME is not a war between retail and Citadel, it is a wargame between Citadel and Blackrock organized and refereed by the government. We are not the soldiers, we are the battlefield. + +Here is a list of things that I’ll break down: + +1. What’s happening with GME is not a war between retail and Citadel, it is a wargame between Citadel and Blackrock organized and refereed by the government. We are not the soldiers, we are the battlefield. +2. When I say Blackrock and Citadel, I also mean their affiliated institutions. I refer to them as the Goods and the Bads. +3. The Goods and Bads *both* have shills active in all social and mainstream media, and are well in control of our communities. +4. The Goods have controlled the media as much as Citadel, not to fool Apes but to keep paperhanded normies from falling into Kenny’s traps over and over again. +5. ALL of the guiding DD in our communities is being produced by shills, both Good and Bad, as weapons in the proxy war. +6. That said, the Goods are not “on our side” so much as we have mutual enemies and mutually beneficial goals. They are using shill techniques because the rules of the proxy war forbid anyone to reveal themselves. +7. Recent events have forced the Goods to show their hand as much as possible in order to hold Apes together just a little longer than they had planned. +8. It is crucial that during this phase, we Apes take an active role in learning who to trust and who not to. I think the Goods have been giving us the tools to do so. + +**Ultimate Conclusion:** Diamond Hands means Diamond Mind. Practice your psychological karate, buy and hold GME, and take as much from the motherfucking Bads as you can. + +# The Players + +**The Goods:** Blackrock, Ryan Cohen/RCV, the government, banks, and other affiliates + +**The Bads:** Citadel and its network of corrupt individuals and institutions + +**The Apely:** Hi you. + +**Good Shills:** I see you. + +**Bad Shills:** I pity you. + +I want to be clear what I mean by Goods, Bads, Apes, Good Shills, and Bad Shills. + +**Goods are institutions who oppose Citadel in this wargame.** I believe they have been working together much longer and more carefully than we think. That said, they are not in control of this ride, and part of that is by design. Each of the Goods has their own motives, interests, and role to play, which affected the rules of the wargame in ways I’ll talk about below. + +IMPORTANT! Their goals are not the Apes’ goals, they are not trying to help us squeeze or go to the moon. However, they are trying to liquidate Citadel and make sure we get paid, so in that they and the Apes are aligned. Remember, there are three sides to consider in this theory, not just Apes vs. Citadel, and the relationships between them are significantly different than we thought. + +**Bads are Citadel and everyone helping them.** The Goods still don’t know all of them, but these days when I see a bank CEO get fukd or a small hedge fund get quietly liquidated without affecting the markets, I see the Goods slowly unwinding the knot while they wait for the endgame. + +**Apes:** We are our own thing. Part organic community, part organized battlefield. We are not affiliated with Goods or Bads, but are locked in their wargame. When I say “we” I mean the online community that has grown on reddit. I don’t know anything about stocks and have never given or taken financial advice from or to anyone in my life. I am, however, about to be richer than Kenny G. + +**Bad Shills:** The ones we know and hate. They work for Kenny and/or other agents of chaos. These are the ones we can help identify by being nice to one another. + +**Good Shills:** We are used to thinking of all shills as bad and working for Citadel, but that is almost certainly not true. With this much at stake, both Goods and Bads are at war to control the narratives that guide and bind the Ape community. In my opinion, they have been doing an amazing job. + +**Key Point:** No battle plan survives contact with the enemy, and that is true throughout this narrative. Kenny had a plan that got disrupted and everything since has been a back and forth game between Citadel and everyone else. If you think about our communities, and the timing of several key events within them, you will see these forces of action and reaction at play. + +I wish I could share my research with you, but I’m still not sure how to or even if I should. I see the Goods winning, and I want to amplify that as much as possible without identifying any of the players. As you’ll see in the Rules of the Wargame, I think that’s in everyone’s interests. + +# The Goals + +**Blackrock:** Destroy Kenny G + +**The Government:** Save itself + +**Banks:** Leech off the government + +**Other affiliates:** Pressed into service, baby sharks hunting for scraps + +**Ryan Cohen:** Be the first CEO to save a company by making *its customers* into millionaires. + +Forget the new Amazon, Cohen and Gamestop are going to become the new Jobs and Apple…overnight. Amazon is a tech company with a shitty brand, Gamestop is going to be a tech company with one of the world’s most talked about and valuable brands. We know that Cohen respects and probably feels competitive with Jeff Bezos. John Lennon wanted to be bigger than Jesus, Ryan Cohen wants to be bigger than Bezos. + +**Shitadel:** Fukd and cooperating to escape jail, do much evil + +**Apes:** Get rich and make friends tryin’ + +&#x200B; + +# Background + +Here’s a basic timeline I’m working from, it’s a mixture of fact and speculation, but I’m laying it out whole for people to evaluate on their own. Like I said, I have loads of supporting evidence and reasoning, but I need to evaluate a lot of it before I put it out. I’ll do my best to answer questions, though. + +**2017-2019** + +Kenny G is the Alpha Psychopath, and despite all attempts to shut down “too big to fail” after 2008, he figured out a way to do it again. Kenny G lays the groundwork for one of the greatest ponzi schemes of all time, taking advantage of a friendly regulatory environment to bend, break, and change rules to let him execute his plan. He spots his prey, recruits a snake in the grass, and waits for that sweet *foie gras* (old rich asshole tendies) to roll in. + +**September 2019 (Catalyst 1)** + +DFV posts his first YOLO to WSB and starts talking about his position in Gamestop. We have to assume WSB has been infiltrated from day one by shills, so word would spread at Citadel that a retail investor was going long. This would not concern Kenny G one bit. At this point I don’t think he’s abnormally overshorted the stock. The plan is already in place and one retail investor can’t stop it. This is true, in my opinion, and I think at this point DFV is fucked, tbh. + +However, if we also assume the Goods have shills watching WSB, then some junior analyst *somewhere* was probably tasked with looking to see if this diamond-handed retail investor was onto something. This might have been SEC, a bank, or a rival hedge fund. Honestly, I bet a lot of the people trolling him were Good Shills trying to test his resolve or get him to reveal as much information about his thinking and position as possible. + +**October-November 2019** + +Back to the analyst, we should assume that anything we can see, they can see better, and so suddenly everyone knows Kenny has overshorted GME. This doesn’t raise concern among the Goods either, because they assume Citadel will always win against a retail investor. + +However, as analysts dig deeper they find out what we now know: + +**Citadel has fucked EVERYONE.** + +Word spreads fast, and emergency meetings are held at nearly every major financial institution: how can we mitigate *our* risk in this scenario. They all come to the same conclusion. + +In the words of Velma Kelly, “no we can’t do it alone.” + +As the major institutional shareholder of real GME shares, Blackrock is concerned, and probably paranoid since Kenny G had already pwned them recently. Is he about to take their firm out from under them? They start talking to other institutions and find out that some of them seem sketchy, the Bads in league with Kenny, and others are in the same position as them: hung out to dry by Kenny G’s scheme. + +So now we have alliances taking shape within both the Goods and Bads. The government is still under Citadel control at this point, so they are just staying out of the way, or in some cases paving the road with gold. + +**December to January 2019: Setting the Rules of Engagement** + +This section details the major players, their motives, and the actions that have taken place since January. + +I think that after the election was officially called for Joe Biden, the Goods phoned up his transition team and orchestrated a meeting. They filled the president-elect in on the whole story, and told him the economy was going to melt down if they didn’t fix it fast. + +Joe Biden: “Do it, but do it quietly.” + +They can’t just prosecute Citadel to end this, because Kenny has everyone by the balls. That would also shine light on the story, possibly causing market panic. So they decided on a wargame, one that would incentivize all parties to stay quiet and compete to the end. Here are the rules. + +Kenny G is fukd, no matter what. He grabbed the wrong nutsack, full of government $CUM, and the new administration looked him in the eye and said, “No, you cough.” + +Unless he cooperates, he will be prosecuted and his company liquidated. He may be threatened with treason, which is not really a charge you want to catch, even if you’re rich. **It would have been the first time Kenny was worried, remember how he looked and acted at the testimony in February?** I think that’s been his face since December. + +Shorts and longs will not be bailed out, they have to fight it out in the market (including social media), but there are some specific rules for each side. + +***Rules for the Goods:*** Buy pressure must come from retail, and, crucially, they cannot sell. + +A war between Citadel and institutions is going to look really fucking suspicious, and there is already a cohort of Diamond hands on reddit that is super committed. Longs will engage their shills to manipulate reddit in the direction of buying and holding. It is no coincidence that Diamond Hands is the meme that has lasted all the way to the end. Longs need our diamond hands, and their Good Shills have been our guides. + +***Rules for the Bads:*** Citadel gets to keep up its old tricks for as long as it wants. In fact, it is forced to. The shadier their actions, the more diamond hands will bond together into a diamond community, so it’s actually a handicap. + +Good Shills can exploit this by slowly leaking accurate information about what’s going on to keep forging those diamond hands. + +Bad Shills can also exploit this, by spreading FUD disguised as DD. + +Remember, government is a Good, meaning they want us to win even if it’s for their own reasons. Citadel is given an incentive to play along, though, because Ken is still holding the nuts and the market can’t be overtly manipulated. So they make him a deal. + +&#x200B; + +>*“If you can exit your short position before we can get regulations in place protecting the economy, then we will just liquidate your company and let you retire. If we get them in place first, we will initiate a controlled squeeze, liquidate you and every one of your affiliated institutions, and make you sleep in Harvey Weinstein’s bunk for the rest of your life…with Harvey in it.”* + +&#x200B; + +This is a perfect example of what I mean by “the Goods are aligned with us but not on our side.” Bureaucrats are pragmatic, and frankly do not believe retail deserves to get rich or even really be in the market. But, diamond hands are forcing their play here. + +They are not trying to get this thing to $10m, they are trying to control everything, including the squeeze. In this case, I genuinely believe they are trying to keep things calm and stable, and I think the appointments and regulations we have seen coming out bolster this theory. + +***Rules for Both:*** MSM and all usual channels of misinformation and influence are available to all parties. Sometimes it’s the Bads, sometimes it’s the Goods, but it’s all meant to concentrate more and more retail shares in the hands of Apes. This is very important, because Apes mostly talk about Citadel manipulating media, but once you realize everyone is in the game the massive amounts of coordination start to make sense. I believe the Goods have controlled the media not to fool Apes but to keep paperhanded normies from falling into Kenny’s traps. They are fine painting us as crazy, but it’s not personal. + +Neither can reveal the game overtly. Because these are all lawyers, moguls, and criminals, they constantly push at the edges of this, but so far the game has remained secret because it’s in everyone’s best interest. This means that they will both employ shills, and since this is the biggest game of all time we should assume that each side has tens of thousands of shill accounts at their disposal. + +The game is set, all the way back in 2019. Up to this point, I don't think Ryan Cohen is even a twinkle in Blackrock's eye. + +**January 2020 (Catalyst 2)** + +The pandemic. This is really where this theory comes together, I think. + +At this point I don’t think Kenny G has overshorted the stock by an abnormal amount, probably the 112% or so figure that was getting thrown around in January (correct me if I’m wrong). + +Then the pandemic hit, the government injects unlimited free money into the economy (meaning they gave it to Wall Street to gamble with), and word on the street is that retail stores are doomed. Kenny puts two and two together and sees a trillion. + +With friendly regulators, an orchard of money trees, and the pandemic wiping out companies with large retail footprints, Kenny goes all in and starts printing synthetic shorting like the Fed prints money. Quantitative Shorting. Since Kenny is forced to keep playing, he decides to see just how far he can push rehypothecation, dark pools, and all the other shenanigans revealed in the Good DD. + +This is what Michael J Burry was warning everyone about. Yet again, he saw what was going on and thought nobody else did. This time, though, he wasn’t first. I don’t think the SEC visited him and threatened him, I think they visited him and explained to him what was going on. I think once this all was explained, Burry deleted his Twitter so that his posts couldn’t be used as part of FUD campaigns. He strikes me as someone who doesn’t want to be involved. + +This is a perfect storm, and Kenny G was just psychotic enough to exploit it. But, he made a big BIG BIG fucking mistake. He didn’t just bet his money, he bet *everyone’s* money. + +What do you think a mobster would do if he gave you $200k to buy him a lambo and you lost it all betting horses? Kenny G did that to the government and his Wall Street buddies to the tune of billions. Then the political and regulatory environment shifted out from under his feet. + +Buckle up cowboy, it’s a long ride to Gitmo. + +But that’s only if he loses, and he can’t possibly lose a bet like this right? Wrong, because of u/DeepFuckingValue and Ryan Cohen. + +**December 2020 (Catalyst 3)** + +Suddenly in December, Ryan Cohen comes out of retirement and buys 9m shares of Gamestop, promoting a transformative agenda for the company and giving them a personal financial lifeline that takes pressure off their debt load, at least publicly. They may or may not have known *who* the snakes in the grass were, but they had to know Citadel was employing insiders. By extending RCV credit to Gamestop, there was no longer a credible reason to just let the company slide toward default. + +I believe Blackrock recruited Cohen and they hatched this plan together. + +So Blackrock recruits Ryan Cohen to initiate a friendly takeover of GME, with the genuine intention of saving it from bankruptcy. Not because they love it, but because doing so takes away most of the shorts’ power. Particularly because of the difference between the real shares owned by Blackrock and Cohen and the massive amounts of synthetic shorts on Citadel’s books. + +In many ways, Blackrock is the first Ape because they tried to save GME the legit way, by HODLing for value and supporting the company. I happen to believe they were inspired by u/DeepFuckingValue. + +Cohen is the third catalyst to disrupt Kenny’s play, and the first orchestrated by longs. The war between Goods and Bads is on, and the battlefield is now the real shares in circulation. We all know where those are! + +**January 2021 - Present: The Proxy War** + +If you look at everything that has happened with Ryan Cohen and Gamestop, something stands out. Every action he has taken has been to concentrate real shares in the hands of Goods and Apes. + +* He bought 9m shares +* He has consistently encouraged and signaled to Apes that hodling is the way +* He canceled outstanding share bonuses from, shall we say, sketchy executives +* His ally Kurt Wolf maneuvered the sale of 770,000 shares without having to file an SEC report + +I think Kurt Wolf’s sale marks a turning point in the game, and it’s backed up by my research into Good Shill activity during the proxy war. I’m still not sure how to post that research without targeting innocent users, so I’m going to have to just ask you to trust me. I will work with mods to verify if they are interested. Just ask yourself where those 770,000 real shares might have gone if it wasn’t to Kenny. + +The main point is this: I think that between the mini-squeeze in January and the beginning of April the proxy war was in full swing. **All of our guiding DD has been produced and marketed by shills during this time. There is Good DD and Bad DD guiding us right now.** Again, this is a moment where at least for the moment I have to keep my research to myself. I will work with mods to verify if they are interested. + +* Anyway, if you think about what’s happened up until the past week with this theory in mind, you will start to see the patterns emerging. Things will start to make sense that did not. +* Why SEC quiet? +* Why we can see illegal activity every day and nobody cares? +* How come Burry deleted his Twitter? +* Why are Cohen/Gamestop talking to us so much? +* Why do our forums keep funneling toward only the most diamond-handed Apes? +* How has Buy and Hodl survived this long, outlasting every other icon and meme we’ve seen the past few months? + +Last Friday, 4/16, everything changed. I think the information in the following posts points to why. This quote is very interesting: + +>My conjecture is that **in an ideal world**, SR-OCC-2021-004 is the key piece to get into place to re-define the liquidation of failing members. But we may now be pushing up against the calendar and RC, GME, and BR may be forced to play their cards rather than wait. + +April 5 [https://www.reddit.com/r/Superstonk/comments/mkvgew/why\_are\_we\_trading\_sideways\_why\_is\_the\_borrow/](https://www.reddit.com/r/Superstonk/comments/mkvgew/why_are_we_trading_sideways_why_is_the_borrow/) + +April 20 + +[https://www.reddit.com/r/Superstonk/comments/mu9xed/why\_were\_still\_trading\_sideways\_and\_why\_we\_havent/](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) + +I think SR-OCC-2021-003 and SR-OCC-2021-004 are the lynchpins. The controlled squeeze relies on these to be in place. The wargame allows Kenny to fuck with them, so he gets Susquehanna to object to 003 and it’s pushed out to possibly May 31. Here’s the status as of 4/20, + +&#x200B; + +https://preview.redd.it/tqgvecws0lu61.jpg?width=756&format=pjpg&auto=webp&s=173dddae8fce0eaacb93cbf7c23afb5713f9b57a + +**April 2021** + +Things were ramping up toward these two weeks for a long time. How old is superstonk again? + +Anyway, the Goods funneled us and funneled us, and as they did more and more shills joined us as well. Like I said, I believe there are thousands if not tens of thousands of shill accounts at the ready. Assume it’s unlimited for all intents and purposes. If they want something crushed or promoted, it will be hard for Apes to stop them. + +But there are Good Shills and Bad Shills, if there weren’t I think we would have been overwhelmed. How better to hide a sudden flood of accounts joining a sub? Move 100k people at a time. + +**I think the Good Shills have been winning the war for the Apes.** I also think we have one last boss to fight. It’s not Citadel shorts. It’s the MOAFUD. + +I think ever since 003 got delayed, the Goods realized they wouldn’t be able to control a squeeze this week. I fully believe Cohen wanted it to be 4/20 and nobody else cared so they set that date. Then 003 got delayed. This fucked the Goods in a couple of ways that had Kenny laughing: + +&#x200B; + +1. The Goods' whole gameplan was disrupted, including weeks of subtle communication that something big was brewing and it would happen around 4/20. They had pumped Apes up and now had to manage expectations and get them to diamond hand through some turbulence. +2. If Blackrock was going to recall their shares in early May, I don’t know that they can now. If they margin call Kenny without 003 and 004 in place, the Goods lose control of the squeeze. + +&#x200B; + +Kenny doesn’t care because he’s fucked anyway, he just wants to win the last game he’s ever going to play. Or is it? I wonder if he isn’t trying to get them to change the rules. I think he’s running two plays right now: + +&#x200B; + +1. Bad Shills are preying on the negative sentiment created by the Bad DD. Pump and dumps, changing retirement accounts, FOMO FUD, etc. All of it is to shake and rattle those diamond hands. Smarter apes than me will have to figure out these connections. +2. Disrupt the plans for a controlled squeeze, hoping that will scare the Goods into a new, more favorable deal. + +The Goods immediately laid the groundwork to counter both of these plays a couple of weeks ago, and last Friday they initiated a coordinated campaign to prepare Apes for the Endgame. + +**The Past Three Weeks** + +* Gamestop starts releasing good news regularly +* They start sending coded messages to Apes via daily ads, custom product orders, and social media +* Ryan Cohen shifts the annual meeting to create a 42069 pattern. +* The first bespoke product, the banana kitty, had a delivery date of 4/20. +* Several regulations were put in place or activated the past two weeks. +* The stock contains new patterns, volume dries up, the shorts seem to only be fighting half heartedly, and it moves sideways day in and day out. +* The Goods begin to slowly unravel things in a controlled way. Archegos falls, and they contain the fallout. Charges start to be filed. Whistleblower announcements increase. Apes are getting fucking STOKED. +* Mood on r/GME is mixed, though, because of a depressing and scary DD that comes out at the same time +* Five days later, we are all on Superstonk + +&#x200B; + +**Endgame: 4/17 and Beyond** + +Based on my analysis of the Good and Bad shilling that’s been happening, I believe the Endgame looks like this: + +The Bads are + +* About to spring a big trap on us. I don’t think it will be something we have seen before. Remember, we are playing perhaps the biggest game in the history of the world. +* Trying to get you to paperhand and otherwise give them your money, particularly in launderable assets like crypto +* Trying to get you to buy into compromised securities so when the market crashes you suffer. I think these ETF/401k things are motivated purely by Kenny’s revenge. Remember, he knows retail destroyed his life. Don’t think he won’t try to fuck you back on his way out. + +The Goods are: + +* Trying to warn us about the trap +* Trying to communicate the story I am telling in this DD as openly as they can +* Trying to manage our expectations about the size of the squeeze + +**Kenny’s endgame** is to scam us all out of our shares and into complex schemes. Who knows what he’s got next. He knows this is his last game, and he is going to give it all he’s got. + +**Blackrock’s endgame** is to keep the Apes hanging on long enough to defeat Kenny. They’re cool saving the world, but they are really motivated by revenge. + +**The government’s endgame** is to get out of this mess as cheaply as possible and never let anyone know what really happened (oops sorry lol) + +*MOASS Expectations* + +A lot of people lately have been talking about managing expectations for the squeeze the past four days. I don't think they are necessarily Bad Shills. + +I want to be clear, I think the squeeze is somewhat out of their control and it’s a precarious game. Kenny is trying his best to get everyone to paperhand, so Bad Shills are also spreading low ceiling FUD. Good Shills would like the squeeze to be reasonable, too, so they are pushing higher but still low ceilings. + +I believe this is an intentional shift, and that Goods have been pushing the $10m floor and “xxx is holding for x” memes in order to maintain enthusiasm among the Apes during the stock’s flat periods and in response to the 004 delay. Stasis can equal boredom and a loss of focus, so distract the Apes with big dreams and banner contests while you figure out your endgame strategy. Idle diamond hands are the Kenny’s playground. + +However, there is someone on the Apes’ side: Ryan Cohen. + +Ryan Cohen’s endgame is to pull off the greatest magic trick in business history, a legendary response to a legendary opportunity that will be hard to top. He definitely wants us to be rich. Maybe just not drain the world’s treasuries rich. More like divide up the treasure from the dragon we defeated, with maybe a small kickback from the rest of the townsfolk as well. + +When Bezos is flying to the moon on his rocket, everyone will just be asking whether the rocket can play video games on the GME Platform like their Teslas do. That’s what Ryan wants. + +*Communicating the DD* + +This is a section I can only give general ideas in, because I’m trying not to involve people without their consent. True, I believe they are shills, but I’m not willing to accept the consequences of being wrong. If you read the next section, you will understand how they want us to distinguish between friendlies and enemies. + +I think I’m giving you the full picture that they aren’t allowed to outright say in this DD. + +I also think it’s been happening IRL as well, which I can talk about. Let’s look at the past four days: + +* Blackrock CEO says on television there is no value in the market. Remember, this dude is out to fuck Kenny. +* Bank CEO accused of fraud, another hedge fund liquidated. I think this is part of the slow unraveling that the Goods are orchestrating to control market damage. If they can unravel enough, maybe they don’t have to worry about the magnitude of the squeeze any more and can just let it happen. It’s the anti-Kenny play. + +*Trying to Warn Us About the Trap* + +It has become important for the Goods to keep the Apes together longer than they expected. I think they know that Kenny has one big play left, and that it is going to come from within. The Goods need us to be able to find the Bad Shills, because shill on shill combat doesn't work. The Apes, as usual, have a role to play. + + I think that is why last week (mostly Friday), all of the following happened: + +* u/pinkcatsonacid blew her diamond whistle and released the audio recording as proof +* The Shill-Hunting Dog appeared and was everywhere +* The u/TheGoombler appeared from 4chan to warn us that shills were everywhere and far more embedded than we think. +* u/rensole boosted The BIZnessman’s post and begged people to take it seriously. He used the artificial growth numbers from WSB>GME>SS as evidence. Remember what I said about shills hiding themselves in mass migrations? That goes for Good Shills and Bad Shills alike. + +Someone is slapping us over the head with this message and giving us the tools to do it. + +[https://www.reddit.com/r/Superstonk/comments/mscsb5/putting\_shills\_on\_blast\_a\_concerned\_biznessman/](https://www.reddit.com/r/Superstonk/comments/mscsb5/putting_shills_on_blast_a_concerned_biznessman/) + +[https://www.reddit.com/r/Superstonk/comments/mulstf/cointelpro\_techniques\_for\_dilution\_misdirection/](https://www.reddit.com/r/Superstonk/comments/mulstf/cointelpro_techniques_for_dilution_misdirection/) + +I encourage you to really study the information in those posts and put it into practice. The second link is a text based version of the image in the first. I think all six of the main techniques are used to varying degrees by Good and Bad Shills. Remember, you are the battleground so Goods don’t mind manipulating you. The difference is, they will tend toward manipulating positive emotions to counter the negative emotions of Bad FUD. + +At this point the most important thing is to look for the people who routinely make you feel good and help you, and those who make you feel bad, yell at you, or mock you. Differentiate between those who serve others and those who serve themselves. Be skeptical of upvotes and awards. 20k shills can make anything look popular and important. Finally, look for those who are closest to diamond hands in their advice and analysis. + +I’ll end this section with the simplest advice I can think of from a couple of quotes I’ve seen recently. + +&#x200B; + +>“Look for the helpers. You will always find people helping.” +> +>– Mr. Rogers + +&#x200B; + +>“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.” +> +>– A crayon-eating ape I saw at the world’s most beautiful zoo + +# Conclusion + +Again, nothing in my post should be assumed to accuse anyone of anything. I have drawn my own conclusions and I encourage you to do the same. + +To me, none of this changes anything about what we should do. Buy and hold with diamond hands. The ultimate diamond hands isn’t logging off so the shills can’t get to you. We would miss you. I would miss you. + +The ultimate diamond hands is staying here and acting Apely, listening to those who are trying to help us reach our goal and protecting one another from those who bring negativity or mean us harm. + +Remember, there are a lot fewer of us here than we think, but we are in control of a key aspect of one of the greatest economic stories of all time. Thanks to DFV for starting us down this road, and thanks for being so excellent that I wanted to stick around. + +I love you Apes. I will be with you to the moon and back again. +Well, I've been planning this for a while, the day has come and gone. This sure is weird as fuck. + +I'm just turned 37 with shy of 7m , can't really talk to my peers about this. + +Looking for your stories of how the transition went. I'd like to see if there is a common pitfall and what was the best. +Archive link to the news: + +https://web.archive.org/web/20220425162301/https://www.thetradenews.com/dtcc-names-new-ceo-as-michael-bodson-announces-retirement/ + +> The Depository Trust & Clearing Corporation (DTCC) has named Francis (Frank) La Salla as its new president and CEO with its current chief Michael Bodson set to retire. + +> La Salla was chief executive officer of BNY Mellon’s Issuer Services business a member of the BNY Mellon Executive Committee. + +I find it weird that there is many post talking about the former guy "jumping ship" while right in our face. + +They are linked to the Brazilian puts: + +https://www.reddit.com/r/Superstonk/comments/rwt6vi/i_found_bny_mellons_adv_form_remember_all_those/ + +https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/ + + +That's the real news! + +Edit 1 (more post about BNY Mellon): + +https://www.reddit.com/r/Superstonk/comments/qdhi14/the_trio_of_crime_citadel_goldman_sachs_and_bny/ + +https://www.reddit.com/r/Superstonk/comments/r5zgi7/741_seinfeld_and_billions_of_illegal_naked_shorts/ + +https://www.reddit.com/r/Superstonk/comments/r5u5w8/kenneth_griffin_hired_the_vice_president_of_bny/ + +Edit 2: + +Hello in Portuguese is "Olá". Maybe Ryan Cohen was saying "Hola" to our new "friend"? + +Edit 3: + +https://old.reddit.com/r/Superstonk/comments/sx93rm/further_evidence_citadel_is_in_trouble_public/ + +Edit 4: + +https://www.reddit.com/r/Superstonk/comments/u5bv6n/decoded_dfv_is_a_time_traveler_tried_to_show_us/ +China may very well eventually bend but it doesn't look like there's any firm commitments here yet. + + + +https://www.bloomberg.com/news/articles/2018-12-03/trump-s-advisers-struggle-to-explain-deal-he-says-he-cut-with-xi + + +E: because I guess I need to say this in every thread: partisan attacks are not allowed. Expressing your opinion on political happenings with analysis is encouraged. +Hey guys, + + This post is going to be a summary of some of the harder-to-accept truths that beginners, or anyone wanting to go full time, will need to hear. I will also do my best to include my advice for solving these problems, or correcting them as much as possible. + + So here goes: + +1. YOU WILL HAVE BAD DAYS! + Especially at the beginning, or when you become the most confident. Both of these are typical stages when a person decides to overleverage or overtrade, which can lead to large losses. Trusting in your win rate, and saying stuff like "well, I lost 4 trades already, and I've never lost more than 6 in a row before", may be the exact reason you do lose more. My advice here is to research Martingale Theory, the idea that you can win by doubling down after every loss. This works... Until it doesn't. That's when you will fail big. + Also, it's entirely possible that you have a bad trading day for no reason at all. This just happens. Take the day off, or the week, and get back into it when you have your mind right again. The market will still be there. + + +2. RETAIL TRADING IS LONELY! +Unless you happen to have all your friends interested in trading too, then chances are you are going it alone. This can be very tough, especially on your mental and emotional wellbeing. What is money worth if you have no one to share your success with? For me, and what I would recommend for everyone else, what worked was to join online groups. (I promise I'm not a shill hahaha), but in particular Discord worked best, due to its ability to facilitate real time discussion and information sharing. But reddit is good too, if you have the right community. Others may be good, but I tend to find are only promoted by spammers and scammers. Make sure to do your dd on any trading groups you are asked to join, as many are pump and dump groups too. + + +3. IT WILL PHYSICALLY DETERIORATE YOU! + Think about it. You are going to be working from your computer or whatever setup you have, for maybe 6, maybe 8, maybe even more hours per day. And for 99% of us, that means sitting that long too. Standing desks may be the better choice but they can get uncomfortable fast. My advice is to join a gym, or go for a walk/jog/run or do any sort of exercise at all, at least once a day, and at least 5 days a week. Part of this includes eating healthy as well. It's too easy to sit down and drink fizzy drinks and eat whatever the hell you feel like, just because. But that will cause an early death, which is something no one wants. + + +4. IT IS MENTALLY TAXING! + Anyone who traded/"invested in" GME knows how stressful it was. Massive rises followed by massive drops. Constant eyes on the chart, making and losing more money than you've ever done before. Holding your piss for hours just to see the giant green candles put your account into the big money. These are exceptional circumstances, but they are becoming more and more frequent these days. And if you have ever listened to talks by anyone who traded the dot com bubble, or the great financial crash, you will know that a high percentage of daytrader end up with heart problems. Many people I know of, take all sorts of (legal) drugs to get them through their days. Make sure to get a healthy 8 hours of sleep if possible, and don't ever trade multiple days in a row if they become too taxing. A day off won't kill you, another day of adrenaline might. + + +5. IT CAN ALSO BE BORING! + When you trade the same instrument with the same system and make the same money every day, it gets boring. Now, I'm by no means a millionaire myself, and I would never complain about being bored if I was, but when you are somewhere between finally achieving consistency and trying to scale up your account, that's when boredom hits. You know what to do and how to do it. But the goal is still far off, and there's no way you can accelerate the process without ruining your progress so far. My advice is to have another hobby, and to do this on the side on those slightly more boring days. Another hobby is good to have whether or not you ever get bored anyway! + + +Edit to add: I am a very happy, very physically fit person. I study sports and exercise science, so I kind of know the psychical side of thing really well. I have also been successful, to a satisfactory degree. So this list is mainly for others to be aware of. I only feel each one occasionally. Also, many thanks for the awards, upvotes and positive comments. I'm glad I could help/inspire etc so many people + +So theres my 5 truths for today. I may share more if there is interest in it, and I welcome any and all feedback. + + Many thanks, + NathMcLovin! +Hi there, I’m currently a Sophomore in college. I go to school 3 days a week and work 3 to 4 days a week. I’m a server at a high end restaurants that allow me to make a low of $300 and high of $500 a night (there had been <$200 night and $500+ nights but lets just say $300 average). Based on my calculation working 6 days a week for one year would net me a low of $80k. Subtract my expense and I would be able to save a little more than $60k a year. If I do this for five years, I would be able to have more than $300k in my dividends account at the age of 24. + +Do y’all think this is a realistic approach? + +Side notes: I do not have to pay for college and currently have a little more than $5k spread across various stocks and etf but my biggest holds are O,Msft,Xom,Jnj. + +Math: $300(6 days a week) =$1800 a week +1800(2 weeks) =$3600 every two weeks +3600(2 )=$7200 a month +*my expenses per month are around $1500 a month +Net save~ $5700 a month into my long term dividends portfolio +$5700(12 months) =$68,400 invested a year + +I feel like my 20s are the most valuable and I don’t know if I should invest it in school or just work and invest in an actual portfolio instead. + +Edit: I’m only looking at this path because at the moment, I live with family so expense is generally low. +Yes, I also didn’t take taxes in account +& I’m pursuing a double major in Finance and Economic but looking to drop economic soon. +No triangles or memes here but if we look at the graph that everyone knows, [https://i.imgur.com/y2oqsV8.png](https://i.imgur.com/y2oqsV8.png), I can tell you why I believe we are in the bear trap phase, and not the despair phase. + +&#x200B; + +Smart Money: People like you, me, friends/family we convinced to get in, whales (rich trust fund kids/hedge funds) that were "smart" to realize the potential of cryptos while Joe Shmo is just hearing of it and thinks its a scam or just too risky. + +&#x200B; + +Institutional Investors: The same week that bitcoin futures was launched is when the price of bitcoin popped and it all went downhill from there, putting us into the bear trap. We are still in the institutional phase and we just had a huge announcement to get us out of the bear trap, that being Fidelity is providing a platform for institutional investors. SEC rules require institutional investors to maintain their assets with a third-party “qualified custodian”. Before Fidelity, the only place that had this was coinbase and that was launched last summer, but no large institution is going to want to use coinbase, just type in coinbase in google and you will hear countless nightmare scenarios (flash crashes, servers crashing during the most crucial trading times, security issues, locked accounts, you name it). Just imagine how difficult it would be for an institution, let alone their clients, to trust Coinbase with millions if not billions of their dollars. Hell you can't even talk to someone over the phone with Coinbase (except for "unauthorized access to your account"). Fidelity is providing a trustful platform for them (tons already use fidelty, its the fifth largest investment company in the world and if its coming here, you can bet its coming to other places like vanguard and blackrock (experts are saying this as well). Another reason they wouldn't want to use Coinbase is for liquidity. Meaning they don't want to have their money in two different places. If they put it in Coinbase, they can only buy crypto with it, well these guys like to move their money around a lot and don't want to be tied to one type of asset. If everything is in one account they can do as they please. + +&#x200B; + +Public Phase: This is when crypto trading comes to places that most people already have access to like Charles Schwab, E-trade, fidelity (retail), and currently robinhood (after they just removed the waiting list in January 2019. Joe Shmo would be much more comfortable buying something from a place he has been using for years but also not having transfer money out of his investment account into another account (bigger deal than you think, its a big step transferring money into coinbase and a much bigger step putting money back into Coinbase after you removed it from there). + +&#x200B; + +China (not a significant reason and pretty speculative): Their HSI stock market index has been only increased 5% since 2015. The nasdaq 100 has increased by 65% in the same time. Investors in China are growing impatient and irritated by the stagnant market. To combat this (and to protect their money from their government) they have been buying up properties like crazy in the US and Canada over the past few years. However the housing market has also been stagnate for the past year. Couple this with the year of the pig (hear me out). The Chinese are VERY superstitious, ask any Chinese person that is actually from China. They don't even have 13th floors in their buildings because its an unlucky number (they just skip that floor number, you would be called stupid and insane here if you did that), they also don't want a house with the front door facing the street because then their "money will run away", and for 8888 yuan ($1,300) was a major resistance level for Bitcoin because the number 8 is considered their lucky number and they would sell at this price. The year of the pig symbolizes a year that brings great wealth, they will use this as a reason to invest (call me crazy, I don't care), but remember that the Chinese have 50% of the money in the world. We also know that China also has 80% of the bitcoin mining pools, and more importantly that 20% of the cypto volume comes from China. + +&#x200B; + +Japan: Their largest bank, MUFG, 5th largest in the world, is developing a cryptocurrency that can handle a million transactions a second. They need to have this in time for the 2020 Summer Olympics because Japan's current financial system won't be able to handle the volume of transactions they expect during the event. Also its a solution to the government's plan to go cashless by 2025. We know that 40% of the crypto trading volume comes from Japan and so if Japan replaces cash with cryptos or even just becomes part of the economy, well then we know what this means. + +&#x200B; + +Lastly here is a technical analysis showing that we have hit bottom because BTC used the 200 moving week average as a support (couldn't show this with ETH because it hasn't been around long enough but we know ETH and BTC are correlated). + +[https://i.imgur.com/4gTu8fS.png](https://i.imgur.com/4gTu8fS.png) + +&#x200B; + +If we really are in a bear trap, I speculate the price could go to $4,200 by the end of 2020. + +&#x200B; + +For those who want to follow me [https://twitter.com/ScienceGuy9489](https://twitter.com/ScienceGuy9489) +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! + +These aren’t the kind of billionaires that enjoy the spotlight, I.E your musks, bezos, zuccfucc etc. who use their popularity to further enhance their careers and promote their businesses. + +Who the fuck knew the name of a single hedge fund manager before all this bull crap started? I sure as hell didn’t, and that’s just what they want, cause why the fuck would they want you to know who they are. Think about it, what business are they trying to promote here when all they do is commit crime. That’s why they want their name swept under the rug, so that they can continue fucking over the entire world in peace without any repercussion. + +Now, look what’s happening on Twitter, Kenny is getting exposed by Chelsea fans for beating his wife, gabe for being the WORST investor of this generation and now we have tweets from Elon and papa Cohen going viral exposing the FUCK out of short sellers to every day people. + +Make sure to never forget to try your best to constantly expose these criminals, and keep them under heavy surveillance by the people, the government HAS to follow suit eventually the useless fucks. +I was looking at buying a growth ETF but after reading for a bit I think a value ETF would be better but I'm not sure which ETF I should get. I was looking at: + +* VIOV - Vanguard S&P 600 Small Cap Value ETF +* VOOV - Vanguard S&P 500 Value ETF +* VTV - Vanguard Large-Cap Value ETF + +Are there are any other better ones that I should look into or should I get one of these? +Hello Apes, + +I'm Zak, a colleague of /u/dlauer who I've been working with for the past 5 years on all sorts of projects. He told me how fascinating and engaging of a community you all have built, and after spending a couple of days looking around, I completely agree. It's really great how much the general attitude is concerned with really trying to figure out what's true, and that there's a lot of openness and eagerness to learn (especially when a whole lot of people would probably find most of these topics incredibly boring). While I mostly stay buried in development and analytics tasks, I hope to spend a little more time here following along with what you're all up to. + +I appreciate the moderating crew for letting me post some stuff while I work on obtaining that sweet karma. + +# Problems & Background + +Some ongoing themes around here involve questions about if/when/where trades are reported, theories about what small average trade sizes mean, and what dark pools, internalizers, and the FINRA ADF are. These things are all closely intertwined. And since there's a lot of effort going into trying to draw conclusions from the data, I think a lot of those efforts would be improved with a few contexts and ideas. + +Before any of that, I have to admit that I share Dave's skepticism of the usefulness of the modern US market structure. While some vested interests point to certain price-improvement metrics regarding PFOF and internalization as 'proof' that it is beneficial to market welfare, I'm not sure this tells the whole story. Just because the second-order effects on market stability and quality are hard to measure doesn't mean they don't matter. It's possible a narrow class of people benefits at the expense of many more. I'm not ready to draw a conclusion one way or the other, but I am more than a bit annoyed at how easily this gets brushed aside. + +Last disclaimer: everything here is to the best of my knowledge from a few years spent developing analytics for institutional clients to measure their execution quality and assess trading performance resulting from routing orders to different brokers who would then execute the orders in a mix of on- and off-exchange transactions. Before that, most of my career was spent in futures, which tend to be much nicer for simple people like myself. + +# Are all trades reported to the tape? + +Generally, yes (unless someone is breaking the rules). By any reasonable interpretation of the rules, all FINRA members have an obligation to report transactions. Depending on the parties involved in the transaction and where it's taking place, there are also rules outlining who has the responsibility. + +For a very thorough treatment of how different types of transactions generate reporting requirements see [FINRA 6308B](https://www.finra.org/rules-guidance/rulebooks/finra-rules/6380b). There's a lot of concrete examples. + +There were some questions about whether Citadel could have a brokerage account at Robinhood and then trade with Robinhood customers without generating a report. I discuss the different scenarios that this could fall into and show that they all generate reporting obligations in this post: [https://www.reddit.com/r/Superstonk/comments/n9331h/dave\_lauer\_clears\_things\_up\_about\_the\_dark\_pool/gxp36ur/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/n9331h/dave_lauer_clears_things_up_about_the_dark_pool/gxp36ur/?utm_source=share&utm_medium=web2x&context=3) + +At the end of the post above, I qualified it with: + +>None of this is to say that rule violations can't happen or don't happen. They do happen. Bank of America was caught [falsifying its trade reports](https://www.reuters.com/article/us-bankofamerica-new-york-settlement/bank-of-america-pays-42-million-fine-in-new-york-masking-probe-idUSKBN1GZ27H) by altering who it said the customers were executing against. Last month, it was reported that Robinhood was [failing to report](https://www.reuters.com/article/us-robinhood-regulation-tradereporting-e/exclusive-robinhood-failed-to-disclose-certain-trade-executions-to-public-feed-idUSKBN2BV0FZ) transactions for its fractional shares. + +Unfortunately, sometimes when we choose our words carefully or point out past abuses in specific cases, people's imaginations can run away with it and start seeing abuse everywhere. + +I think we clearly need much stronger oversight systems to catch abuses much sooner. But it's important to know that when most of these abuses have been caught, it wasn't from analyzing public data. It's incredibly hard to draw any reasonable conclusions from public data. (However, Dave and I have been working on some projects to do this effectively. Hopefully, we'll be able to share soon.) + +# The FINRA ADF is not the boogeyman + +Some people this morning were concerned about the GME volume labeled as FINRA ADF. But this is actually a "catch-all" designation for off-exchange transactions: + +>FINRA ADF is not a dark pool. In fact, no trading occurs on it at all. The volume you're seeing is mostly retail volume from traders like yourselves. +> +>In general, when any FINRA member conducts a transaction, either for themselves or on behalf of a customer, they are required to report the transaction to the tape. Transactions that don't occur on any of the lit exchanges still need a way to enter into the SIP feed so that all market participants can be aware that a transaction has taken place. The FINRA ADF is the exchange code for those transactions. +> +>When a discount broker like Robinhood routes an order to Citadel and Citadel fills the order, that is considered an OTC transaction and is reportable. Citadel reports this transaction to a Trade Reporting Facility and it becomes a part of the time and sales record for that day. + +During the trading day, all non-exchange transactions for reg nms stocks are reported in this way. This includes dark pools and internalizers of retail order flow. + +Below is a sample of some GME trades from NYSE TAQ data, which is historical data from the SIP feeds. From [the spec,](https://www.nyse.com/publicdocs/nyse/data/Daily_TAQ_Client_Spec_v3.0a.pdf) you can see Exchange Code "D" corresponds to the FINRA ADF. When the Exchange Code is "D" the TRF column is populated with one of the three specific [TRF facilities](https://www.finra.org/filing-reporting/trade-reporting-facility-trf). + +[Snapshot of SIP data with FINRA ADF exchange and a TRF code](https://preview.redd.it/s5o4zdhdbjy61.png?width=799&format=png&auto=webp&s=138cca33b04e50133c239f9ba6634a2a7a627bc2) + +In general, the workflow goes like this: one or more FINRA members conduct a transaction; based on the details of the transaction, the member responsible for reporting sends it to the TRF facility with whom they have a relationship; the TRF facility reports it to the SIPs. + +A month later you are able to see more specific venue breakdowns for where the volume actually occurred. The [FINRA OTC Transparency](https://otctransparency.finra.org/otctransparency) website lets you get all that data by week. "ATS Issue Data" is for registered dark pools; "OTC (Non-ATS) Issue Data" is for internalizers. + +# Small average trade sizes don't necessarily imply manipulative behavior + +One of the recurring themes I come across in my work with these sorts of complex systems with a lot of feedback and adaptation is how a tremendous amount of entirely different scenarios can generate the same macro-observable outcomes. This is persistently true with market data. When coming up with an explanation for observed data, it's first important to be aware of many possible ways that data could have been generated. Having good background information will help you estimate what explanations are likely. But to be truly rigorous to where you can be confident with a conclusion, you need to know how to rule out alternative explanations. + +From the previous two sections, we've already seen that retail order flow that is routed to an internalizer will show up as FINRA ADF. Since retail order flow tends to have very small sizes, it is no surprise that the average trade size for FINRA ADF will be small. + +But I've seen some other threads that also try to dig into the dark pool-specific, "ATS Issue Data", from the OTC Transparency website. These threads also reveal the average dark pool trade size can often be 100-200 shares, and many people seem very angry about this. + +Having had the opportunity to analyze the way that the trade desks of large $10B+ funds execute their orders, I will propose a pretty simple explanation for why this happens: + +* It's common to hear institutional trade desks talk about how large their position is in terms of a stock's average daily volume (ADV), because this metric gives a decent heuristic of how much they can execute at a time without having an impact on the market price — or alternatively, how much they will have to move the market in order to close their position in a short period of time. +* As a result, when an institutional trade desk needs to get into or out of a desired position, it will typically break up the total desired quantity into many smaller trades and execute over several days (or longer) so as to not move the market all at once. +* The trade desk will then route the smaller pieces to different brokers with whom they have relationships. This is called sending a "parent order" to a broker. The brokers offer a variety of "execution algorithms" that have different behaviors which the trade desk can select from in order to achieve their target size with the desired market impact and time constraints. +* When a broker algorithm receives a parent order, it breaks that up into "child orders" to route to different trading venues using a combination of active and passive orders. These venues are often a mix of lit exchanges and dark pools. +* The overall goal for institutions trading large size is to not "show your hand" and not let any one venue or broker have all the information about the position you're trying to get into or out of. Because if someone knows you're trying to execute 2 days of ADV, they can rush into the position now and then wait while you have an impact on the market. + +There are many other mechanisms for moving large size, but given the enormous variety of trading venues and the desire to minimize market impact, it is not surprising that the average trade size would be small. + +In general, I think we need to know these sorts of tedious things so that we can make sure we're asking the right questions. If we accept that small average trade sizes aren't evidence of malicious behavior, then we can get to the important question: should we even have all of these dark venues leading to all of this complexity in the first place? +1. a fraudster and naked short seller who is believed to have stolen billions of dollars with help from Russian and Italian organized crime; +2. a trader working for a man who once managed, along with his father-in-law, the dirtiest, Mafialinked brokerage on Wall Street. +3. a trader who co-founded his fund with a man who was jailed for plotting to murder Michael Milken’s famous co-conspirator, Ivan Boesky +4. a man who became the “most powerful trader on the Street” after working for one of the most notorious, Mafia-linked brokerages on the Street; +5. an accused naked short seller who was at the center of the greatest scandal in SEC history, and is now under criminal investigation; +6. a fellow who once owned a fund that was charged in a massive naked short selling fraud and was later mixed up in a Mafia-connected, criminal naked short seller’s scheme to bribe agents of the FBI; +7. a Russian “whiz kid” who was the top trader for a man who once worked at a notorious Mafialinked brokerage—the same brokerage that once employed the criminal naked short seller who bribed those agents of the FBI. + +and guess where it all started, with Jim Cramer on CNBC.. + + [https://www.sec.gov/comments/s7-08-09/s70809-4614.pdf](https://www.sec.gov/comments/s7-08-09/s70809-4614.pdf) +Hay folks, Its me Binary Enthusiast. I have a pretty strong background in analytics, mathematics, and computer science. + +Now, traditional TA does not work for GameStop because it does not abide by the classic rules of the market. + +In order to analyze this stock I couldn't think like a businessman. It would be useless to take an analytical approach. To see the true data, and discover what was hidden, I had to think like a retard. + +Here is what I found: + +Here is the one year chart for gme. + +https://preview.redd.it/5nxcoxrh0jf81.png?width=449&format=png&auto=webp&s=064a64e102095bad5e6904f22107b959f189999d + +Notice anything? Before each big run up there is a little triangle blip. + +https://preview.redd.it/x7xlvohm0jf81.png?width=449&format=png&auto=webp&s=678cf0097c4356a704dbbf672886ee533a4683e9 + +We just started the mother of all tiny triangle blip formations. If you look at the chart with the tiny circles, the spacing just looks good. You can feel it. Here is another thing I noticed. + +https://preview.redd.it/il0878s31jf81.png?width=449&format=png&auto=webp&s=fde9e96f71c4fc726a2df212ca21ce17c6805a72 + +7 Peaks. Well the first one is slightly off screen, from the initial runup. But its there. 7 peaks... 4 tiny triangle blips... 1 MOASS. It's coming boys. And when it does were gonna need a towel. + +Using some statistical analysis and a custom program I wrote. I simulated 100,000 runups based on the data we have. This data is measured from triangle blip drops, to runs, percent change week to week from each significant event, so on so forth. This is my model. + +https://preview.redd.it/z2i1za0j1jf81.png?width=598&format=png&auto=webp&s=2bfa51075e1bc28c3ff1cf5705f3a2e9b234e187 + +I am 100% confident in this analysis. Tomorrow kicks off the biggest run of our lives. starting tomorrow every day is GREEN! + +Feb 3rd 3:59 pm Edit: After hours counts :P +Does anyone have stories to share that can help some of us be on the lookout for potential missteps in the future? + +Was it a wild spending spree? A bonehead husband ruining a marriage?Too much gifting they resulted in the retiree going back to work? + +I know there are celebrities that had it all and blew it but I’m curious about normal people and their situations. +Reading Rich Dad Poor Dad has me all fired up about assets currently. Obviously there’s the stock market, but I’m wondering if 20k is enough to get my foot in the real estate world. I’m aware of the FHA loan I have not used, (I just recently turned 18 and am still in high school) +I guess my question essentially is, if you had to start over with 20k what would you do? +https://www.marketwatch.com/story/consumer-prices-soar-again-cpi-shows-and-shove-rate-of-inflation-to-a-13-year-high-11623328693?mod=mw_latestnews + +>The cost of living surged again in May and drove the pace of inflation to a 13-year high of 5%, reflecting a broad increase in prices confronting Americans as the economy fully reopens. + +>The consumer price index jumped 0.6% last month to mark the fourth large increase in a row, the government said Thursday. + +>... + +>Another closely watched measure of inflation that omits food and energy also rose 0.7% in May. The 12-month rate climbed to 3.8% from 3% — a 29-year high. + +Edit: https://www.bls.gov/cpi/ and their news release: https://www.bls.gov/news.release/cpi.nr0.htm +This is not limited in scope to people who invest in lumber ETF's like WOOD. + +There is a lot of uncertainty around inflation, supply shortages, and corporate profits. To try to figure out what the hell is going on, I looked into the "first" real commodities shortage that made the news - lumber, a year ago. + +[LBS](https://www.nasdaq.com/market-activity/commodities/lbs) is currently near May ATH's. Keep this in mind. + +* Now it's pretty obvious lumber shortages were due to [Wildfires on the west coast](https://www.capitalpress.com/ag_sectors/timber/why-is-there-a-lumber-shortage-in-the-u-s/article_70382602-54fc-11eb-a16b-934c0ae1c18f.html) (No ad [version](https://web.archive.org/web/20210202010056/https://www.capitalpress.com/ag_sectors/timber/why-is-there-a-lumber-shortage-in-the-u-s/article_70382602-54fc-11eb-a16b-934c0ae1c18f.html)), wiping out wood supply at the source. + +* Or is it? Lumber shortages were actually because of [COVID-19 restrictions](https://fortune.com/2021/03/20/lumber-prices-2021-chart-when-will-wood-shortage-end-price-of-lumber-go-down-home-sales-cost-update-march/) at the sawmills, without a doubt. Sawmills are working at reduced capacity - we should see declining profits for these folks. + +* Actually, it's due to the [mountain pine beetle](https://web.archive.org/web/20210702170646/https://qz.com/), which infested BC forests, causing massive effects of damage and causing forests to need to regrow. + +* No, really. It's actually not a supply-side issue at all - lumber prices got here through [massive demand coming from people creating at-home workspaces](https://www.probuilder.com/blog/look-lumber-prices-supply-side) and moving out to rural areas. + +* That's nonsense, obviously. The real contributor is [US tariffs on wood import from Canada](https://web.archive.org/web/20210519002332/https://www.wsj.com/articles/why-are-home-prices-soaring-11617834557), which has been plaguing us for years. + +* But these reasons are all wrong, of course. The *real* reason there's a shortage is because of [chemical shortages](https://www.woodworkingnetwork.com/news/woodworking-industry-news/chemical-shortages-limited-freight-capacities-reduce-wood-adhesive) from Texas winter storms leading to a [shortage of resin](https://wjactv.com/news/local/lumber-prices-skyrocket-as-shortage-continues), which is integral for plywood. + +* Ha - fooled ya. It's nothing to do with lumber production, it's actually all [transportation related](https://cnr.ncsu.edu/news/2021/05/lumber-shortage/). + +### Why should I care? + +Even if you're not personally invested in lumber, there is a really concerning reason to care about it. + +The vibe you should get above isn't "gee, that must have been a perfect storm." It's that no one actually knows what the hell is going on, and why we're basically back to ATH's a year after the "shortage" has been resolved. + +Articles will look for a plausible reason, latch onto it, and feed it to you as if it's obvious. The above should make it abundantly clear that there was **no** consensus or transparency into why lumber evaporated for months on end. + +While sawmills were working at "reduced capacity", the combined net profits of the five largest publicly traded North American lumber producers (Canfor in British Columbia; Interfor in British Columbia; Resolute Forest Products in Montreal; West Fraser Timber in British Columbia; and Seattle-based Weyerhaeuser) somehow... [jumped a staggering 2,218%](https://fortune.com/2021/11/18/sawmill-profits-soared-bursting-lumber-bubble-bringing-them-back-down/#:~:text=For%20the%20third%20quarter%20of,down%2069%25%20to%20%241.1%20billion.). Take from that what you will. + +Keep this in mind with prices going up across the board. +The question often pops up on FIRE forums. I think the reason people are so interested in the question is because it implies that FIRE (or at least the kind of FIRE most people are practically pursuing now) is unsustainable. As much as we advocate for the virtues of financial independence, if everyone actually followed the advice of living well within ones means then it wouldn't work for anyone. It frames financial independence as a zero-sum game where for every winner there must be a loser. Or at least that's the concern. + +It seems that at least some economists are saying that the current stock market conditions aren't the result of irrational panic but due to a real decrease in demand for non-essential goods and services. Some estimate that as much as [40% of our economy](https://www.newyorker.com/news/our-columnists/the-coronavirus-calls-for-wartime-economic-thinking) is based on discretionary consumption. Consumption for which demand is currently plummeting. + +So does this finally lay to rest any doubts about whether FIRE is possible theoretically for everyone (or, at the very least, possible at anywhere close to the same rate)? +My brother is trying to help me with buying a car so I can easily move around the city this winter. I recently moved to Canada and I have struggled to adapt to the weather here. He gave me some money as a Christmas present with the condition that I use it to buy a specific car model that he thinks is a great value. I was very happy for it and grateful for the great brother that I have. The problem is that the amount of taxes and insurance that I would have to pay for the car ($2000 CAD ) in taxes and (~$500 CAD monthly ) in insurance is excessive for me  and it will consume almost all my already low savings (because of me been laid of during peak covid). I really don't feel comfortable with no saving and I would barely afford the monthly insurance which is extremely high for newcomers in Toronto, so I won't have much left for my savings account. I would love to use the money for my apartment instead since I still don't have all the furniture but my brother is convinced that a car would be very helpful for me and that he gave me the money for a car and not my apartment. I don't want to be ungrateful so I don't know what to do.  +For those of you directly messaging me with questions to ask in the AMA, please save them for tomorrow! + +u/redchessqueen99 will be posting an AMA intake forum where questions will be selected based on YOUR upvotes. This gives you total control, as a collective, and eliminates the need for us to stream so many questions, live. + +I will make sure to get to as many of these as I can. + +Thank you + +EDIT: I have also been asked to address counter DD on the HOC post. Before I do so, please wait for the AMA. Dr. T has provided me with feedback, personally *(IKR, super stoked).* + +The reason I haven't removed my post is because she didn't argue my message. Instead, she provided *VALUABLE* insight into the problem, as well as clarified some of my talking points. We want to make sure to give her *PLENTY* of time to address these, as they relate 100% to the narrative within [Naked, Short, and Greedy](https://www.amazon.com/Naked-Short-Greedy-Streets-Failure/dp/1910151343). So without spoiling the convo, I'll leave it at that. + +Finally, we will transition to some of my data points that are building the HOC II. This will give our listeners 100% disclosure into the talking points, BEFORE they are posted. This should help solidify our credibility before the HOC II is released. + +&#x200B; +Hi r/fatFIRE. + +I'm a 30M Asian American, working in tech-related W2, on track to FIRE on my own. I'm not fatFIRE'd, but my parents are. I can't verify or prove this right now, but their incoming cash flow in half a month what I make in a year, and they've had decades to compound their holdings. They work in real estate in a VHCOL area. + +&nbsp; + +I'm posting this as a tangentially related question to some relationship problems I am experiencing right now. I'll explain for a few sentences and then get back to the FIREy stuff. There's more details in my posts to other relationship advice subreddits. The below story is relevant for context. + +&nbsp; + +My Asian parents own a business that they'd like to pass on to me. They don't want to liquidate or change its form, they want me to carry on in my father's shoes. There's a catch though. They want me to live with them for the rest of their lives, and break up with my girlfriend who I intend to marry in a year or so. My parents don't approve of her family being 'below' their financial situation. I'm paraphrasing a bit and using much kinder language here. (There's more to it, but those details are in my posts in other relationship advice subreddits. Would appreciate if you left insights there too, or DMs.) + +&nbsp; + +If I don't do all of the above, they'll disown me, and erase me from the family. This is in line with their rural conservative Asian upbringing in a literal communist country, that sons must obey their parents and carry on their legacy. Familial problems aside, I'd like to ask for the opinions of people that I might disagree with, especially if they are anything like my parents. + +&nbsp; + +To make this r/fatFIRE relevant, I want to ask how other fatFIRE'd parents are or intend to transition their businesses to your children, especially if your children are professionally not in the same line of business, trade, or even industry. + +- Have you encountered pushback on what your children want to do for their futures? +- How did you communicate your desire to keep a good thing going, and for them to continue your business legacy? +- Has your culture influenced the way you see the concept of money and marriage? How intertwined are they? +- How would you feel if your son or daughter married someone not on the same financial level as your fatFIRE self or family? +- Do you have guidelines or requirements for what type of person your children should marry? +- If you are an immigrant family, and especially you came from a developing country, do you notice a strong focus on making and preserving more and more money? Have your children come into conflict over the importance of money and the role it plays in our lives? + +These are just some questions I've been wondering lately. You don't have to answer *all* of them, but I would really appreciate your insight on some of these questions. Thank you so much in advance. +So my ~~colleague~~ wifes boyfriend, who has no reddit account and wishes to have no association with you autists, has been doing some maths (or "math" for you americans, or "fun hobby time" for our chinese autists) in an attempt to back solve Short interest, using short volume & trading volume. The base idea behind his findings was that any short volume over 50% cannot be 100% covered that day... so he just thought - how much can these short boys actually cover, if all shorts opened were intended to be covered... + +Here's what he's worked out spoiler alert:>!shorts r more fuk than bears!< + +"So, I have been freaking the fuck out about this. I am of the belief that at one point, FINRA said the truth about SI%... Being 226% on the 15th of january. I had thought it was impossible to figure out what it was now, but then I started digging into the Short Volume. + +At first, I had thought that it would be interesting if we could see how much they could have covered if 100% of long volume transfers went to covering shorts (Short Overflow)... + +So then, I got a thought... let me manually import the short volume data since the 15th and see where this could go. + +So from the FINRA report I got: + +* Short Volume +* Short Exempt Volume +* Exchanged Volume (Long Volume + Short Volume) + +&#x200B; + +https://preview.redd.it/qvqwl2rw31m61.png?width=1158&format=png&auto=webp&s=7fb1fbc9c5fbb7971d179d9f982ad75d54287d63 + +From Yahoo Historical Data I got: + +* Total Trade Volume +* Day's Closing +* Day's low + +Then I calculated this: Total Short Volume (SV + SEV) + +* Long Volume (ExV - SV) +* SV% (TSV / EV) +* Off Exchange Volume (TV - EV) +* Short Overflow (TSV - LV) + +I realized that this all cost them a fuck ton. + +So I said: If they covered through calls, then they as an extreme minimum paid 40$/share for them AND only would do so when GME was on the way up as it would be a waste of money otherwise. Thus I made MinimalCost of OFF-Exchange as (OEV \* $40). + +If they covered through Long Volume on market, then we'd be able to estimate that CONSERVATIVELY by comparing the days low to the Daily long volume (Day's Low \* LV). + +Then came to the conclusion of the data: + +I wrote down the FINVIZ float, the SI% from FINRA, and derived the Short Volume at the time. THEN, I made 3 tables: + +* Table 1: Shows how many Shorts are there at different intervals of covering on Off-market and On-market. +* Table 2: Shows the cost of doing those coverings. +* Table 3: Shows the new SI%. + +&#x200B; + +https://preview.redd.it/d05jq0jx31m61.png?width=1806&format=png&auto=webp&s=8b1309f6e677e016ba1dbc04208dc8eb0b4ed665 + +IN CONCLUSION: Using My data, I was able to derive that the **535.9% SI%** being passed around would cost Short Sellers 25 BILLION DOLLARS theoretically. + +The **Maximum SI% can be rn is 942.06%.** + +It is **litterally impossible for it to be under 200% rn** as it would be too costly. + +I believe that SI% is over 600%, as I believe that certain companies ran while they could, spending 10 billion dollars AT MOST between them all for covering. + +&#x200B; + +https://preview.redd.it/zyzechcy31m61.png?width=1275&format=png&auto=webp&s=e79ea03302ad64646162736f3f9a39843cc484fe + +Because you cannot justify over 20% of long volume transfers being covering, its mostly algos and day traders as for calls, I just dont see that going over 30% as its abundantly clear calls are being used against them, not for them. and even that is pushing it. + +My point for my want is this: I**t is impossible that SI% is not more than 226%** as was said on the 15th as the costs would be to great and the data is just not there to support it but instead I came to the conclusion that we are way fucking past that for simmilar reasons + +&#x200B; + +https://preview.redd.it/bfuqksue31m61.png?width=1448&format=png&auto=webp&s=3db05997bf1b3d2c6b909b8994888cab21464829 + +NOTE: NONE OF THIS EVEN TAKES INTEREST INTO ACCOUNT FOR THEIR COSTS, IT IS ALL JUST THEORETICAL COVERING COSTS ALONE. THE DATA DOES NOT SUPPORT THEM HAVING COVERED MUCH AT ALL, YOU TAKE FROM THIS WHAT YOU WILL. I AM NOT A FINANCIAL ADVISOR DONT COME BITCHING." + +Thank you for coming to his TED talk. + +**TL:DR SHORTS CAN'T STOP WONT STOP SHORTING. WE GOING TO THE EDGE OF THE UNIVERSE 🚀** + +**TL:DR OF THE TL:DR: shorts r kill gme is moon** +A family member just sent me an article about Gamestop, and other "meme" stocks. Basically the article tries to spread FUD about investing in "meme" stocks, with Gamestop being the top of the list. + +I read the article, but they provide no convincing arguments with regards to their title. What's interesting though, is that they have a chart showing how much money went into buying Gamestop from Korea. The figure is shown below: + +&#x200B; + +[From left to right: Gamestop, Skillz, Microvision, Ocuzen. The number in the parenthesis indicates the rank, in terms of the total buy amount \(in dollars\)](https://preview.redd.it/v0hveepdxlx61.png?width=487&format=png&auto=webp&s=1d419d6f303eb63c8739aa9de68e146f13728b31) + +This chart is in Korean, so let me break it down for you. + +1. The light-blue pointy thing with number on top shows how much money went into buying these stocks. For Gamestop, this amounts to 236,840,000 dollars (\~237 million dollars). +2. The triangles right below show the return on these investments, over the period 4/1/2021 \~ 5/5/2021 +3. On the bottom right, the source is shown. **The source listed is the KOREAN SECURITIES DEPOSITORY**, which I believe is like the DTCC for Korea (someone please correct me if I'm wrong - although I'm Korean, I don't know much about the Korean system). + +So 237 million dollars from April 1st to May 5th, huh? Let's see how many shares that amounts to. + +Let's just assume the average price was 160 dollars. To me, this is reasonable, since the stock has been mostly trading sideways since April. I think if you consider the average return of -16.7%, you could get a more accurate average, but let's just say 160 dollars for now. + +**237 million dollars / 160 dollars per share \~= 1.48 million shares of Gamestop** + +You may think: 1.48 million? That's not a lot... + +But you have to remember: **this is Korea ONLY**. And Korea probably constitutes a very very very small portion of all GME shares. Plus, that's 5% of the free float (30M). Imagine how many shares apes in the US hold, as well as our Europoors, and Aussiepoors, and other Asiapes. Of course, the number above only shows the total buy amount. But I think it's safe to assume that people who get into GME mostly buy and hold - at least it's true for me, and all fellow Korean ants around me (family and friends). + +We own the float. We own the float multiple fucking times over. + +GME to the moon. + +**TL;DR:** Koreans alone have bought 1.48 million shares of GME since April Fools. Retail owns the float. + +&#x200B; + +Edit: The data above shows "매수 결제액", which denotes **the amount of money used in successful buy transactions**. This is NOT the transaction amount in dollars, which would include sell amount as well. So it's a fact that 237 million dollars was used to buy GME since April. The only main assumption here is that the Korean Securities Depository provides accurate data, which I believe they do. Here is the [Wikipedia](https://en.wikipedia.org/wiki/Korea_Securities_Depository) page for what they do - I believe their role is similar to the DTCC + +&#x200B; + +\## Important Edit + +Edit 2: To answer a few common questions: + +* Yes, the number on the chart is in Dollars, not KRW. The left side of the figure says (달러) which is "Dollar" in Korean. The number, "2억3684만" is 236,840,000. +* This figure does not provide any data for the sell amount. So we do not have data on this. But in my post, I state that I'm assuming most people in GME will hold. The reason for my assumption is that, most ordinary investors thought GME was done in January. BUT we have a lot of people who have looked into the research and concluded that GME is a good buy. If this was people FOMOing in in January, February, or even March, then I think this assumption would not hold. **But we have seen no significant price action in April - so why buy, if you don't believe in the squeeze?** Why would people FOMO in starting April? Media has been bashing GME, and volume has been mostly shit as well. That is why I think most people who bought in April are HODLing for the squeeze. +* Will add more later. +That OCC rule change on the front page. People aren't as furious as us here because the language used isn't something everyday people can understand. Here is my dumbed down version: + +The Options Market Makers are allowed to elect someone to make some changes by themselves on their behalf without going through long processes like votes etc. + +If a hedge fund borrows money to try to bankrupt a company and fails and the value of the company goes higher than the amount they borrowed, the leader of the board of the can choose to not liquidate the hedge fund (like the rules say should happen). Instead the leader of the OCC can instead use the borrowed money to borrow even more money to try to save this hedge fund. Hopefully we can bankrupt this American company if we all work together. Otherwise all the different Wall Street executives would lose lots of money (Billions probably) to cover this dumb hedge fund, and we would like that not to happen. Can we be allowed to change all the rules that stop us from doing this and let us just do this? Any complaints SEC? + +The SEC's Response: + +You're good homie. No complaints here. + +DO YOU SEE HOW BULLSHIT IT IS WHEN CONVERTED TO SIMPLE ENGLISH???? + +ALL THESE RULE CHANGES ARE LIKE THAT. CONVERT THE BS TO SIMPLE ENGLISH AND SEND IT TO THE FRONT PAGE!!! + +EDIT: Make no mistake this doesn't change the over all situation. Not an escape, a 🥫🦵 (can kick). DRS is the way personally. Do your own DD and make your own decisions. This is not financial Advice. + +EDIT2: So I saw the OCC post and made a smooth brain translation. Here are some solid counter points: [https://www.reddit.com/r/Superstonk/comments/pv97vs/regarding\_the\_new\_occ\_rule/](https://www.reddit.com/r/Superstonk/comments/pv97vs/regarding_the_new_occ_rule/) + +I guess my counter to this is, why make the new adjustment then that this mechanism can be done by others in the OCC leadership than what's there originally. Does that mean there isn't a united effort on their part to protect the markets? I'm less likely to think this than I was in July. All the rules were in place and no movement. Anyway, counter points should always be discussed so I figured it would be important to add here too. I also add this counter point: [https://www.reddit.com/r/Superstonk/comments/pv97vs/regarding\_the\_new\_occ\_rule/he98721/?context=3](https://www.reddit.com/r/Superstonk/comments/pv97vs/regarding_the_new_occ_rule/he98721/?context=3) + +&#x200B; + +Note that I still think these are side quests to discuss about over all market. DRS is still the way, imo, not financial advice. +They are going to try EVERYTHING they can to shake us. Especially trying to take down our heroes. They would love to split us apart and break our confidence by making it look like DFV sold. We know that is a lie. So do not fall for it + +Edit #1 -- I did not link the shill post because I did not want to give it visibility but since some are saying I am a shill here is the link [https://www.reddit.com/r/Superstonk/comments/mts607/tomorrow\_prediction/](https://www.reddit.com/r/Superstonk/comments/mts607/tomorrow_prediction/) +Probably won't get as many upvotes as my first post lol but it seems important to share losses too. As many of you predicted, I quickly lost what I made on Friday. Some of it was bad luck, but mostly it was me FOMOing into green candlesticks just to watch them break below VWAP and plummet. It's all about learning and growing boys and girls +Like a lot of people every month I get a water bill, electricity bill, internet, you get the idea. Most months I open my mail, verify that the bill looks roughly similar to last month and let autopay take care of the rest. + +But since last year I have started an excel spreadsheet documenting what my bills are each month, how many thousands of gallons of water I'm using, kWh used, the whole shebang, in an attempt to be a more financially responsible and understand where my money is going and how I can save. + +The last 3 months I noticed my water bill hiking up. My home uses between 2-4k of freshwater monthly but it's gone from 5, to 8, then 8 again. I noticed the trend, but didn't really understand why it increased - I'm not a plumber and there were no leaks in the house I was sure. + +Fast forward to last evening and I'm out with a group of acquaintances and someone's plumbing problem gets brought up, one of my friends is an awesome plumber and I manage to ask him at the tail end of the conversation about what I noticed on my bill. He seemed immediately alarmed and asked him if I noticed any water accumulation in my front yard. Actually, yeah, it's been raining a lot lately but I do have a few persistent pockets left over on my yard. How did he know? This morning he actually brought his crew out to my house and found out there's a crack in my water main - I was losing hundreds of gallons a day and it was on the verge of rupturing completely. He replaced the line for a nominal fee and said how glad he was I said something - my area is really prone to sinkholes and nothing attracts them like pooling or leaking water. I likely saved tens of thousands of dollars in damage to my house and my neighbors house by bringing it up! Not to mention the savings in my monthly bill... +You see megarich people with super yachts but I always end up remembering the phrase "The two happiest days in a boat owner's life: the day you buy the boat, and the day you sell the boat". + +Like even if I was pulling in an 8 figure income, I cant imagine owning a boat would be worth it for the few weeks a year i'd actually use it. A private jet I could maybe justify I was flying... a lot (like several times a month). +From the [https://www.usinflationcalculator.com/](https://www.usinflationcalculator.com/) website, back to 100 years ago, 1,000$ is 15,283.07$ in today's money, so that is 1428.3% cumulative rate of inflation, a worker in those days will earn around 1000 to 2000$ per year (if they were lucky). Now, my question is, if we were 100 years in the future, what will the cost of the items looks like?, how will our wages look like given the current trajectory (low economic growth, wage stagnation, etc...)? Does saving cash make even sense? +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! + + Hаkunаmаtаtа is а rеcеnt tоkеn thаt just lаunchеd аnd its bееn pеrfоrming vеrу wеll еvеn in а mаrkеt thаt is vеrу bеаrish аnd hаs gоnе аs fаr аs tо еvеn ехcееd thе vеrу ехpеctаtiоns thе оwn cоrе tеаm оf thе prоjеct. Thе cоin hаs dоnе vеrу wеll аnd еvеn thоugh bеing аbоut 7 dауs оld thеn it wеnt tо bе оnе оf thе tоp trеnding cоins оn cоinmаrkеtcаp аnd wаs оnе оf thе biggеst gаinеrs аnd аlsо with this hаd bееn mоrе visitеd thаn mаnу cоins thаt аrе еstаblishеd with а hugе numbеr оf hоldеrs. + +This tоkеn hаs bееn dоing а lоt wеll mаinlу duе tо hоw wеll put tоgеthеr thе prоjеct is, thе dеvs hаd bееn dоххеd а lоt bеfоrе prеsаlе which prоvidеs а sеnsе оf sеcuritу fоr thе invеstоrs, 13% pаssivе incоmе in thе fоrm оf а split оf 6% rеdistributiоn аnd 7% frоm еаch trаnsаctiоn, chаritу bеing а fоcus fоr Hаkunа Mаtаtа аnd thеm bеing cоntinuаllу аblе tо dоnаtе аnd sоlvе mаjоr prоblеms аrоund thе wоrld duе tо 1% frоm еаch trаnsаctiоn gоing tо thе chаritу wаllеt. + +аlsо thе tоkеnоmics аrе implеmеntеd in а wау thаt prеvеnt whаlе mаnipulаtiоn аnd swing trаdеrs. + +аlоng with whаt аll thе tоkеn currеntlу hаs it hаs sоmе big plаns cоming up such аs it will bе listеd оn sоmе ехchаngеs sооn, it hаs its mаrch cоming оut аnd whаt’s mоrе biggеr is thеir first оf its kind chаritаblе NFT plаtfоrm thаt thеу plаn tо lаunch lаtеr аnd it bеing first оf its kind is thаt it аllоws fоr аrtists аnd musiciаns оn thе plаtfоrm tо cоntributе аn аmоunt оf whаt thеу еаrn tо а chаritу оf thеir chоicе. + +Cоntrаct: 0x355389292d8c963719fdaf0651f7846d6c504448 + +Wеbsitе: \^\~hakunamatata.finance/ \~\^ + +Tеlеgrаm: telegram.me/tatatoken + +Twittеr: twitter.com/tatatoken +My girlfriend is pressuring me to try to get a place but she doesnt understand that the current systems requires me to make 3× the rent as income, unfortunately for a low cost house in my area the average is about $900 at minimum and that would require $2700 a month minimum to even try to get the place. + +I am 22, and dont want to spend all of my time working, sleeping, and taking care of business as I would have no time for myself with a 40 hour work week. + +Also given the common pay rates and likely hours I would have to work 3 jobs to get a garenteed 40 hours a week and still make just under as the average pay rate is $12-$15 an hour for most jobs that are avalable or claim to be hiring (actually getting hired is another issue as most places say they are hiring until I put the aplication in and I am tired of that shit, but thats another issue) + +Any advice. + +Some info + +22 year old white male + +Lives in Philadelphia, Pennsylvania, USA + +Has no official work history within the last 4 years + +Has no official titles, certifications, or degrees beyond highschool diploma + +No driver's license + +Technically Homless + +No criminal record + +"Awful" official mental health record + +No phycal medical issues on record + +Physically fit + +Supposedly good looking + +Good social skills + +Very few to zero limitations or morals + +No social or business network + +Alot of high skills and expeinces + +And ask anything else you might think is useful to know +Joe does a great podcast and could provide a unique conversation format that could expose ethereum to a large democratic. Andreas Antonopoulos and Elon Musk we're a couple of the stand out guests on the show that stood out. +At my staffing firm we are practically begging our consultants to work. Employers are paying more than before the pandemic, and sometimes reduced hours and of course tons of remote work (we even give loaner laptops to consultants!). It is truly a candidate's market right now!! + +Do you know you're not satisfied with your current career, but not sure what else to do? Check out the Occupational Handbook (USA): +https://www.bls.gov/ooh/mobile/home.htm OR your local equivalent. I also recommend searching for the potential positions on Indeed, LinkedIn, etc to see what qualifications employers are really looking for in your area. + +Community colleges in your area are likely offering extra scholarships and financial aid due to the pandemic as well!! At my CC, they are still offering almost every class remotely or hybrid, which is great for those of us with day jobs or families to support. Apply and browse their Adult Education offerings, workplace skills courses, professional certificates, and of course regular associate+ degrees. + +You may not even need the classes for some roles that were out of your reach pre-covid. Entry level customer service candidates at my firm who have only worked in food service and retail are being offered roles in offices, or even as managers! These are roles with health insurance, paid time off, and annual salary increases. NOW CAN BE YOUR TIME!! I BELIEVE IN YOU!! + +Edit: I won't name my staffing firm of course, but I can say that here in at least the New England region, the employers we partner with are absolutely offering several dollars more per hour than before the pandemic. For example, data entry roles that were only $12/hr are now $14-15. Call center roles that were $13.50 are now $16. And in our permenant hire division, I have seen comparable increases as well as my firm offering bonuses to those who accept positions and stay at least 90 days. + +Edit 2: I agree with many of you that the economy needs serious overhaul. Further, workers rights and fair wages are something I care about deeply. This post was for those struggling with minimum wage, maybe multiple jobs, etc. who simply need better than what they currently have. + +Edit 3: YMMV. This post was intended for those really struggling to make above minimum wage or to find work with benefits... Those who want to get out of a food service or production line environment. A $2-6/hour improvement may not be much to some, but it's still BETTER and may mean a lot to some followers of this subreddit. +Partner and I started live a small Midwest town with population of < 60,000 people. 3 children under 10. Partner was born and raised here and all extended family lives in same town. Decent little blue collar city + +Started and sold a business that gave us a NW of 9 figures (liquid). Still own a large chunk of the business and run the company, but we now have PE ownership so I see us leaving the company in a few years. Could fatFIRE today, but just helping guide things until next PE transaction. + +Problem is its so incredibly boring living in a town with nothing to do, especially when you have the resources to live anywhere on earth. There’s no good restaurants, no downtown, no pro sports teams, no concerts, no private schools, no peer groups that we can really associate with. + +I don’t want to yank my kids out of their home town when they are older, but I can’t handle living here being bored out of my mind much longer. I feel like I’m wasting away. + +Already have a beach house and travel a lot. + +Advice? + +EDIT: Partner doesn’t want to move! +Hello everyone, I need help with this apartment situation. I submitted an application for an apartment and paid the application fee and holding deposit. The landlord reached out to me saying there was a glitch in their system and the rent was incorrect; it's a higher price. She stated the higher price is stated everywhere on their website for a 1 bed room 1 bath. I checked their social media and their website and I don't see it. Not only that, I checked the other unit pricing and they have all the been the same deal for a month. When doing the application, it states "prices and specials are not guaranteed until you pay the application fee." + +So what can I do and is the Landlord being reasonable with me? + +- + +❗I did not expect this to blow up everyone! + +UPDATE #1: + +I spoke to the landlord and asked if she can honor the price I applied for or give me an accommodation. Landlord says no, but she can increase my lease length. I asked her about the glitch and let her know it's not okay and it's misleading. She stated she has been trying to get them to fix it since April and she has had the same talk with possible tenants. I told her I couldn't find the higher price she mentioned anywhere and she stated she put it on Craigslist. She said she always puts everything on Craigslist. (Then why have a website?) I went to check the Craigslist posting and she posted it 30 minutes after our phone call. + +Result: The red flags are too big to ignore. I will cancel the application and wait patiently for my application fee and holding deposit. + +Thank you everybody for your comments. I appreciate it. + +- + +❗❗ UPDATE #2: + +LANDLORD TOLD ME I CAN CANCEL APPLICATION THROUGH THEIR WEBSITE AND THERE IS NO OPTION FOR IT. + +Landlord is not in the office and she won't be in until Monday. There is a 72 hour hold on my holding deposit and Monday is my deadline. I am doomed. This is honestly all so frustrating. +Holy I am so happy to be typing this to you guys, after ready lots of posts about FIRE I decided that this life was for me. I had $2000 starting in 2017 with a networth of -$16500. After losing a roommate and having my girlfriend and myself pay for a room for 3 months before filling it, and changing jobs which promised me 40 hours then cutting mine down to 18. My finances were awful lots of credit card debt and no savings. After I solidified a Job working 48 hours a week making more than I did before I started saving aggressively to hit my goal of $0 networth by the end of 2018. I cant wait to start hitting more of my goals. + +More info: +I currently made $16 an hour as a supervisor at a restaurant making 250 in tips bi weekly for the most of 2017. + +2018 I was making $18 an hour with $370 biweekly in tips and I am getting bumped up to $19.50 in the next coming weeks. + +Thanks to everyone in this subreddit for motivation. Heres the graphs of 2017 to 2018 to see my progress https://imgur.com/a/RkFWIho +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! + +I agreed to a 35k retention bonus (25k net) that’s getting paid out soon. The terms are I have to stay with my company until June 2023. If I leave, I have to pay it back in full. + +I’m debt free other than my house. I’m 26 years old. + +I don’t want to be risky with this bonus and spend it all, but i also don’t want to have it losing value sitting in a bank account. What should I do with this large sum of money? +That's why all those people invest in assets such as crypto or stock market. They are hoping to become financially free one day. People want to get away from getting exploited by the rich. Because working as a slavery for ridiculous wages until you die is stupid and nobody wants that. Nobody wants to be a wage slave. Working conditions are modern slavery. People don't want to work until the end of their lives. + +That's why rich elites hate cryptos and try to ban them. They don't want regular people to become wealthy. They want regular people to become their wage slaves. + +I hope we all gonna make it one day and will be freed from wage slavery. +I got a message today from my Swedish broker Avanza. In it they state that from January 1st, in agreement with Morgan Stanley - they will automatically enroll my pension to be loaned out (all currently in GME). + +And guess what? They will take 40% of my returns for doing so to cover for the cost of said “service”. + +For any Swedes who gets this, remember you have to opt out if you don’t want this as its opt in by default. + +Edit: To those telling me to DRS these. I can’t as its a retirement account. It’s just not possible. I have already DRSed from my other accounts though. + +Edit2: For the confused Swedes, this applies to your Tjänstepension, not your ISK. +Everywhere I go I see price increases, places state their disributor increased the prices. For example, theres a special toothpaste I use from my local dentist, it used to cost $12, now its $20. The prices of used cars have skyrocketed. The local motorcycle dealers cannot get any stock and I am unable to buy a bike, as everything is sold immedaitley. All used veichles are selling for ridiclous prices. Everything seems disrupted. There are wanted signs everywhere for labor. + +When do you suspect production of goods and services return to normal to meet demand? Do you expect a change in QE or increase in interest rates? Do you suspect the production side of the economy to rebound and meet demand (and when?) to cease the current price gouging and increased costs of goods, or do you suspect this to be the new normal? + + +[https://communities.win/c/NoNewNormal/](https://communities.win/c/NoNewNormal/) +I am expecting a windfall upwards of 10 million USD in the next 2-5 years. I currently live in Los Angeles, CA am considering being pro-active for tax purposes. I’m considering a move to a state with no income/capital gains tax (specifically Texas). Given the 13% long term cap gains tax, that could amount to $1-2 million dollars. I could grew up with a lower middle class background so these numbers are surreal for me. + +However, I love CA.. I love the weather, have a great social life, love the beach, and have a ton of family here. Which brings me to my dilemma: is it worth it? I believe I wouldn’t be able to move back to CA after the windfall anytime soon as they’d come after me. Would an extra 1-2 million in the account be more life altering than living in CA would? I understand this is a very personal question only I could truly answer, but it’d be nice getting some insight on how ppl with those numbers in their account feel.. ppl who have made it and are now on the other side +It used to be that the phone was answered pretty instantly and any secure message sent dealt with (usually within an hour or two). + +Now it seems hard to get hold of anyone on the phone and after days, still waiting for a message response. + +Conversely my ii account responded in detail overnight ... + +Anyone else having an issue with HL's (premium charged) service ? +If you are panicking go to your shitty robinhood app and change it from a line chart to a candle chart, the top will show you a volume. The total since 9:30 is less than 2 million. Think logically, if this was a true panic sell do you really think the volume would be 2 million. There is 7.9 million retards in here. If we all panicked the volume would go through the roof. + +This is another attack by hedge funds to force a sell-off and is absolutely meaningless since no retail investors are selling. + +BUY THE FUCKING DIP. WE CAN REMAIN RETARDED LONGER THAN THEY REMAIN SOLVENT + +EDIT: I believe Robinhood does not even report volume properly on their charts. Anyone who was saying the volume on the day is 15 million or whatever is correct and I should have thought to check a better platform before making this post. However, there is no denying that this is just another ladder attack that will prove to be ineffective as anything under 250 is a fucking discount. To put into perspective the last attack which was on Thursday + +&#x200B; + +https://preview.redd.it/maag0q5c3we61.png?width=1184&format=png&auto=webp&s=0302ea7034ae5a714dcd07cd4a82ea6c7c95bb92 + +Notice the huge red dildo staring at your face. Now look at the bar under that dildo, that is the volume. Is that move remotely justified by that little volume? Look at the previous days where there was massive amount of buying going on, volume was 4x on those days compared to Thursday and yet those candle sizes do not even compare. + +To make this more understandable look at the retard on your left and then look at the retard on your right. FYI THEY'RE NOT FUCKING SELLING. + +Note: This is not financial advice and i dont know what i even wrote up lol i just really like gme lol +I currently have no savings, my company offers 401k where they match $2000 per year. And a Royh account as well +What percentage of my pay should i be putting into each? +TLDR: Goldman Sachs / Bank of America / Dreyfus all colluded to hide Short Interest the ONE TIME retail investors were set to win BIG based of sentiment and selfishness alone. + +&#x200B; + +https://preview.redd.it/lvxr9313dzt81.jpg?width=828&format=pjpg&auto=webp&s=2d3cecfbb90db2108f7d256dd268ebb495b84a7f + +After DFV's return we have this gem to start. Ready Player One. A hint at the fact he knows something no one else does. And you have to look backwards to figure out what happened. More points to this are his Interstellar tweet along with Tenet tweet. **In all, you have to look backwards to go forwards.** + +So what did he find out? + +https://preview.redd.it/dfk13cojdzt81.jpg?width=828&format=pjpg&auto=webp&s=eb5e6ecc32f9a52a55856014d9d5546e311f2977 + +This is a grab from Parasite. Where a family colludes in trickery to essentially overtake someones residence. + +"**Was BNY Mellon taken over by Goldman from the inside? To save someone who had 5M $GME puts?"** + +[https://www.reddit.com/r/Superstonk/comments/q50q3j/was\_bny\_mellon\_taken\_over\_by\_goldman\_from\_the/](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) + +&#x200B; + +Interesting.. + +For those that do not know, Citadel unloaded their shit bag of derivatives to Bank of America, and also shifted their risk to the Dreyfus Fund in Florida+JGP Global in Brazil. + +Goldman Sachs is the Prime Broker for the original parties involved. Meaning..Goldman Sachs owned the risk involved if GME skyrocketed. Its their risk, so my guess is that they overtook BNY Dreyfus to manage their own risk however (illegally) they'd wish. + +&#x200B; + +Next: + +https://preview.redd.it/0oa1nvldezt81.jpg?width=828&format=pjpg&auto=webp&s=dd74a7948f73cf00bdd82b12c3752ccb4af1f332 + +We have a grab from True Grit on 6/3/21, of Steinfeld struggling to stay afloat.. sound familiar? + +This was also just days after **Cohen's tombstone tweet on** **5/28/21**. Tombstone=shorts are fucked via share recall/count etc. + +Any finance employee with half a brain knows if you have a (cellar boxed) short position and they issue a tombstone your ass is BIG FUCKED lol. + +I'd assume Cohen's tweet sparked panic and they needed to move some shit around and fucking fast. + +Next, and my favorite. **Who** needed to shift things around or who was involved in the moving of these funds so they didn't break the stock market via their own illegal shorting? + +&#x200B; + +https://preview.redd.it/1pzeyfhxezt81.jpg?width=828&format=pjpg&auto=webp&s=a761fabea1f061ae44ca029c1543ca0157a474a2 + +**A LITERAL GOLD MAN.. if that isn't enough for you its something GOLD next to a sex symbol for a MAN.** + +&#x200B; + +NEXT UP: + +https://preview.redd.it/parxhv7cfzt81.jpg?width=828&format=pjpg&auto=webp&s=4b4c335d35680d4fddd3b81493f5b672725cb462 + +We have a GameStop logo placed right by an ATM. + +Not just any ATM, a **BANK OF AMERICA ATM**. + +&#x200B; + +Okay at this point when going over these I was like okay wait what the fuck. + +Then I started to put things in a lens of "he's telling us what they did with the short interest." + +Eureka. + +&#x200B; + +https://preview.redd.it/uq7tttlvfzt81.jpg?width=828&format=pjpg&auto=webp&s=bc96e9791ef3d20493ea545438b13910b5b15b3a + +Two fellas in a pyramid, One More Time. + +I associated the pyramid with federal reserve/traditional finance. One more time they're going to pump the market instead of crash it while doing whatever they need to make sure the circus market stays a circus for them and GME is stifled. ONE MORE TIME in JUNE. + +Next: + +https://preview.redd.it/rxvofdu8gzt81.jpg?width=828&format=pjpg&auto=webp&s=7de55b515263450ae2d693d272adaad0aabf2843 + +I think this one is about the fact that the Prime Broker, Goldman, can't call it for citadel. It wouldn't be fair, so Citadel has to be the one to say yo please help manage my risk and do whatever you need to do to get it done. + +&#x200B; + +Next, what happened to those positions? + +https://preview.redd.it/8k19uq7igzt81.jpg?width=828&format=pjpg&auto=webp&s=1659a51f9c640973b723e937dd47543a3620848a + +Show: Eastbound and Down. We are well aware Dreyfus took the risk from Citadel (Chicago), and Dreyfus is located in Florida. **The positions LITERALLY went Eastbound and Down to Florida.** + +Next, seems like DFV started paying close attention to the movements: + +https://preview.redd.it/e56rlvfugzt81.jpg?width=828&format=pjpg&auto=webp&s=dc57b89d82f92f3b7dedd4db5b075530274c2c5d + +Grabbed from: **Watchmen**. He's watching them. He sees some shit that gives him goosebumps, **he's on the right track.** + +&#x200B; + +So our guess would be that he watched them get moved down to Dreyfus in Florida right, or maybe this is just some schizo rambles and none of this is true... or maybe....... + +Next tweet (lol): + +https://preview.redd.it/tw1e4ey2hzt81.jpg?width=828&format=pjpg&auto=webp&s=de10fe51be94d0eb537848c3e4a89d1cc6154f82 + +Grabbed: **Contact**. Scene: Cape Canaveral, **FLORIDA.** + +**CONTACT IN FLORIDA.** + +&#x200B; + +Next: + +https://preview.redd.it/rckq1swehzt81.jpg?width=828&format=pjpg&auto=webp&s=6f4bbad5941e778dd4724793787c6f0ea4ccd23a + +Something happened to the short interest.... + +From here on out DFV seems flustered and upset with how this was handled. + +Next, and one of my favorites: + +https://preview.redd.it/f5d7dxc0jzt81.jpg?width=827&format=pjpg&auto=webp&s=d4349496ab113aa416a6c374056653d778d8961d + +5 Year engagement. I think he found the **married** puts loophole and found counterparties associated with them. Also he cut it to only have 5 Yi's. 5 year engagement + 5 Yi's. Something there idk what it is yet though. Something about 5 and married puts. + +Next: + +https://preview.redd.it/tpw83t02kzt81.jpg?width=828&format=pjpg&auto=webp&s=9ce7619ca8f78bcba45871202fb3fef1ef5c7224 + +Tenet: they tried to take him into the backroom to beat the shit out of him but they couldn't. Maybe a hint at dark pools/off exchange / international holdings like JGP. + +Another point at "must look backwards to go forward." + +**I'd bet if we look at Bloomberg Terminal and tracked Prime Broker movements we could see Citadel / Bank of America / Dreyfus + BNY doing some big time fuck shit in January and June with GME positions.** + +NEXT UP: + +https://preview.redd.it/8fum4jnykzt81.jpg?width=827&format=pjpg&auto=webp&s=95dc8821d346166bb372fd9ff2403bda8368148b + +DFV regularly mentions Matt Damon in his meme videos. Usually its about the casino heist doing an inside job. + +Funny enough Matt Damon was the voice for "Inside Job", the documentary about 2008 and it showed how corrupt **GOLDMAN SACHS was during it.** + +Also baby driver meme points me to **inside job as well+the casino heist references.** + +In this one he escapes by using a pen, and the french man charging him jumps out of the window so he couldn't have his identity known. + +Something was penned and it hid their identities (overseas?). + +Next: + +https://preview.redd.it/tputip8olzt81.jpg?width=828&format=pjpg&auto=webp&s=559d635e7adb2439d647f01e416d257c180c7c21 + +https://preview.redd.it/0avmx1nklzt81.jpg?width=828&format=pjpg&auto=webp&s=afe0b89ed5432e78a01195561eb42db9134abe59 + +From 6/14/21->6/21/21 GME continued to go lower and lower, no big peaks, no runs. SO why was **DREYFUS** relieved? Did the pen something to hide short interest in another way and that was the window of risk they had? Did they roll them forward? Interesting nonetheless.. + +&#x200B; + +Next/Last: + +https://preview.redd.it/4k6vtxz9mzt81.jpg?width=828&format=pjpg&auto=webp&s=8a63400167e67c517427f610e0e8fa9ad0034aff + +The Prestige.. solid movie.. but this final trick no one can figure out how this old feeble man can make a fishbowl appear out of thin air. He is wayyyy to old to hide it on himself its super heavy and to move it that fast wouldn't be possible.. until they find out this magicians long con is pretending to be feeble 24/7, even has a cane and shit, when in reality he is extremely powerful and thats the true trick. + +&#x200B; + +DFV goes for a cat nap after this. + +&#x200B; + +I think he was giving us clues onto what happened to the SI. Hence diluted risk=nap. + +&#x200B; + +**I bet if we LOOK BACKWARDS in Bloomberg terminal we can find out WHEN+HOW MUCH was transferred between these groups and find out what the fuck happened.** + +&#x200B; + +https://preview.redd.it/vbnxrthkozt81.png?width=400&format=png&auto=webp&s=2564ad5133de81da782e8c2155a8a6249e1cfe71 + +IF we can find ONE shell company associated with these transfers we have a smoking gun. We have proof that multiple entities colluded against retail to keep us broke the **ONE TIME WE HAD A SURE BET WIN.** + +&#x200B; + +CHEERS! + +&#x200B; + +**EDIT: If we know GameStop is shooting for a split, potential buy back, marketplace launch, and potential blockchain stock integration this summer I say retouching on options is smart here. Right now hedge funds are not hedging GME. They are using 100% of their ammo on price suppression.** + +**I personally would shoot for 200-220 options for July expiry. They will be fighting for their lives finding real shares, they cannot hedge with XRT ETF bullshit. If we force them to hedge, they have less ammo to bring it down, and create our own gamma ramp for us. Then they have to go out and hedge and create a higher gamma ramp up to 300-325 and they cannot sustain that.. giving GME holders a launching pad for MOASS.** + +**That + having to go out and find 7 unique blockchain shares for every short position is going to create MASSIVE BUY PRESSURE and could send this pressure cooker to outer space.** + +**The recent DD from the investor banking side of things also points me to this being a good strategy to grab them by the balls while they're fighting for their lives. Please read this before knee-jerking "options bad options bad."** + +[https://www.reddit.com/r/Superstonk/comments/u5klwf/interesting\_inside\_view\_from\_an\_investmentbanker/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/u5klwf/interesting_inside_view_from_an_investmentbanker/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**DFV and Cohen both run options, good options are good, bad options are bad. If you know companies short term plans options are much safer, we know this is one of their silver bullets and my personal stance is that this will hit em where it hurts.** + +**Options is the single most successful SHF FUD campaign we can't get past. And exercsising them can help someone gain more shares for a fraction of the cost. Then just DRS your shit afterwards. Wombo Combo summer + insane options exposure is fucking sick.** + +Not financial advice, if you aren't comfortable with options then just buy hold and DRS. We'll lock the float eventually or hit blockchain eventually. + +&#x200B; +First one you enter too late. You probably heard about people making crazy returns on the news or from some of your friends. + +Second one you’re still greedy and inexperienced. Probably take profits too early or wait till it’s too late, don’t know how to recognise a top. + +Third one you already enter with loaded bags and take healthy profits along the way. You realise when the market is cooling off and exit accordingly. + +Experience matters guys. +I'm not asking this as a Gotcha moment I'm asking cuz I don't know. + +I also see ETFs mentioned a lot but I don't know what those are yet so didn't mention them. + + +I talked with my father about this who is fairly investment averse since he's just a bit busy, and from what I got bonds are the most reliable but he also admits bonds are generally slow and boring, and if the market picks up again the interest rate might get left behind, making the bond a financial drag. So what can you do when things are on a downward trend? + +You can probably guess I don't really know what I'm talking about, so any terminology might need a website referral for me to read up on like investopedia. +Title says most of it. But I'm a single mom, live with my parents until I get on my feet. My baby is just now old enough for me to go back to work. I'm just waiting on my boss to tell me where she needs me. + +My goal is to buy a house in the next 2-3 years but I also want to be saving for a new car just in case something happens to mine. Nothing is wrong with it but It's a little bit older and I don't want to be left in the lurch If suddenly dies. +Another thing I'm trying to budget for is private school. My baby is only 3 months old but I know I need to start saving now in order to make that happen. + +Basically, I don't want to touch my savings AT ALL and I want to put it where it will work for me the best. +To start this off, I am trying to start my own business, and if that fails I will start another. I know that I will be wealthy one day, but in case that fails, I want to be able to be comfortable. + +I always hear from adults "I wish I had been smart and invested my money when I was your age" + +Well here I am, maybe not smart, but I want to invest so I got that going for me. + +I have been trading on the stock market for about a year now and while I will keep some other money for play on the market I have about $700 CAD in the stock market. + +I am looking for what to buy into that will be worth it in the long run (20 years or so). + +ETFs, companies, index funds, etc. And maybe a plan, should I take a small portion of every paycheck I get and invest it into these companies? or just put it into a savings account? + +Any advice is appreciated (Unless you say invest in GME, I don't want to talk about that) + +Thanks in advance. +I reported Kim Kardashian to the SEC because she has promoted the "Ethereum Max" scam Crypto, which is down 98% from all time high, to her followers. + +You can report her too [here](https://www.sec.gov/whistleblower/submit-a-tip). +She did only only profit from the scam, but has also put the name of Ethereum in a bad light. +There is no need for a multi millionaire celebrity to steal money from her fans + +[(here you can read an article about her promotion)](https://www.msn.com/en-xl/news/other/kim-kardashian-cypto-ad-singled-out-by-watchdog/ar-AAO9YGt) +Well, I somehow managed to go from 1k initial investment to 15.5k in 3 months strictly playing meme stocks, then I went from 15.5k to 3.6k in 2 months. + +The good feeling from the upside is nothing compared to the depression of the downside. I’m at young guy that wants to make it in life, slow and steady. + +I will be updating you all on my painful learning curve, but I promise to not give up until I succeed. Road to 5k here I come +I’m curious if anyone has any examples or case studies of solo tech founders raising a small round (sub $1.5M) and drive it to a mid 8 figures exit. My rationale here is while it’s life changing money for founders, we may face pressure from investors to go all the way if we raise too much. Also probably easier to achieve than a unicorn home run. + +Sorry if the question is overly specific. I’m trying to look for some inspirations. +It great that Indian startup market is growing fast but I am unable to understand their valuation growth during current situation as we might be moving towards some form of global recession while listed startups have tumbled all over the world. + + Multiple startups are competing in the same market ( Food delivery, Grocery Delivery, Neo banks etc) providing offers to attract customers, as a software developer i have seen the sky high salaries they are paying. How is this cash burning for customer acquisition work when vc funding tightens? Same thing has occurred in us startups, instacart is one of the only few to cut their valuation. + + +Ofcourse there are fundamentally strong startups ( imo razorpay, zerodha etc) but is this happening under assumption that India will remain somewhat isolated from the any recession that could occur in global (usa) market. +As suggested in [this post](http://www.reddit.com/r/Economics/comments/aupwm/why_im_taking_reconomics_off_my_front_page/) this reddit has a number of problems - particularly pointless content. I need your help to improve it: + +As suggested by user MikePatton and others, I'm going to start by removing sensationalist content. + +To improve things, I need to know: + +a) What content do you generally WANT to see here (list topics / websites / etc) + +b) What content do you generally NOT WANT to see here (list topics / websites / etc) + +c) any tips on improving this reddit? + +Ultimately, the most helpful thing you can do is - **upmod what you like, downmod what you don't like, and report content that is not relevant / should not be here** + +Baby Everdoge has been subtly hinting towards which influencer they were working on signing on but the agreement has now been official and the announcement has been made. + +The Influencer is none other than the famous Korean Kpop boy band BTS. + +This is really big news, BTS has one of the largest following base on twitter with over 30 million followers on twitter. To put that into comparison, Elon Musk has roughly 60 million followers and the only coin he has ever really endorsed is Doge. + +Baby Everdoge team has announced that BTS will be doing a full promotion and that it won’t just be a one post wonder. + +BTS Influencer hasn’t yet begun to promote Baby Everdoge and the price has already soared. + +Tesla giveaway will be following after reaching a 100 million market cap. One Lucky winner will receive a Brand-new Tesla. Maybe Elon might tweet about Baby Everdoge at this point, especially if their community works towards grabbing Elon’s attention. + +Also, most importantly, Baby Everdoge has disclosed that their staking platform should be ready in within the next 5 days. People will now be able to stake Baby Everdoge tokens and receive interest on them. This can be a great way to earn some passive income and that is just their first step in bringing utility to the project and the crypto world + +If you want more information, you should join their telegram, there’s almost always a voice chat going on, the community is positive, help, and kind. It’s just a nice over all experience being in there, even if you’re not an interested in investing. + +Always be sure to do your own research though and invest wisely. + +Website: [babyeverdoge.com](https://babyeverdoge.com/) + +Telegram: [t.me/joinchat/fxhm6LdxqR5mYWRh](https://t.me/joinchat/fxhm6LdxqR5mYWRh) +Posting this on a throwaway because I do not want to be identified. + +I started day trading last year and it was a great year to start. I made 7 figues off of options trading, and I owe nearly half a million in capital gains for 2021. + +In January, I stupidly mistook my luck with an act of genius. I thought I knew how to game wall street. I saw the market dip bigly and decided to throw all my money into options again. I thought it would recover, because it always does right? + +I was wrong, the market kept dipping and I lost all my money within weeks. + +I now owe taxes for 2021 that I can't pay. Im 25 years old and my job pays decently, but definitely not enough to pay off 500k any time soon. What can I do? Is it possible to offset the gain/loss? +Posted a short time ago talking about balance between spending money now and investing for the future. I’m 26 and pretty financially well off nw around 450k. Tomorrow isn’t promised and yes it’s more sensible to invest every dollar and be frugal but then when is there time to live. So I said fuck it sold my current boat and bought a new 70k fishing boat. Who knows maybe it will be a huge regret in 15 years but couldn’t be more excited to camp and fish and spend time on the water with my missus. This will be a vastly unpopular move on this forum but I haven’t rewarded myself much over the last 5 years so who cares if I sell it in a year at 20k loss lesson learned. See you boaties on the water! And remember to reward yourself! (not as much as I have done) +So after I graduated high school I got a job and opened my first bank account. It's in my name only, my parents have no connection to it whatsoever. At my first job I wasn't making much nor getting many hours so I switched jobs and started working 40 hours a week, making a bit more. I still live at home so most of my earnings have went into my investment portfolio which has accrued around 10-20&#37; on top of my savings. + +The problem currently is that supposedly my parents know someone who works at the bank who is telling them how much I'm making/transferring. Whenever I move money from my brokerage to my bank account I can be sure my parents will ask, "how did you get $x,xxx?" Honestly this isn't too concerning. I'm not doing anything illegal, and I like to keep them guessing. The only part that angers me is that I did not give anyone permission to see this information. Am I wrong to assume that this somehow goes against the banks customer privacy policy? + +Edit: As people have noted there are many ways they could be seeing my transactions. A popular answer is paper statements, but I have them completely off. Though there are still a plethora of ways which are entirely possible. + +As for why I don't ask them how they know what I'm doing on my bank account. They flat out told me they are getting their information from a bank teller. They said they are notified of large transaction amounts. I am the one suspicious of this, because as many people have stated this is highly illegal. However, even if this is the case I don't want to jeopardize anything over this. I'm honestly not the type to go to the bank and make a big fuss, even though it does anger me. I'm sure everyone involved just wants to do what's best. I'll just switch banks and forget about it. Thanks all! +I just received new communication from RBC yesterday that they're getting rid of automatic investing and changing their commission fees. When I looked over the new commissions, I was shocked to see on the fee schedule that they're now charging a 1% fee on any mutual fund purchases or switches (maximum 50 dollars). + +This new fee seems insane in this day and age. Why the heck are they increasing their trading fee while everyone else is lowering them? What's next? Back to 30 dollars a trade? I like RBC, but they're making it very hard not to switch to a discount broker. +With the North American markets being so dominant, many investors globally have easy access and insight to US companies and brands. I think many investors stick to investments in the US and their home nations equity market for a variety of reasons from, language barriers, cultural differences, and a lack of understanding of foreign brands. + +With the entire world investing in the US, their markets have become bloated, commanding higher earnings multiple than you would find elsewhere. On that thought I’d like to explore what insight you the reader may have into other markets globally and maybe some of your favourite stock picks also. + +Let us know the market you are promoting and why you think your investments in that market may be of interest to those without your geographical insight. +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! + +I've been tracking all my DRIP share purchases in excel for a while because of the frustrating fact that my brokerage (Fidelity--not sure about other brokerages) does not add DRIP purchases into your cost basis unless its an HSA or taxable account. So for retirement accounts this results in overstated gains/understated losses. + +In any case, since I've been manually tracking the DRIP purchases I noticed that the share prices are consistently always higher (sometimes significantly) than the current share price. I researched this and read that DRIP purchases are at the "...average cost of the share price over the given time period of ownership of stock. The system is in place so an investor does not pay for the stock at its highest or lowest prices." + +First of all, I didn't know this. Is this common knowledge? I assumed the cost would be at the current share price. + +Secondly, since I've been tracking these, I feel like this method sucks. + +For example this morning (12/16) I received a dividend for WM. The purchase price for my DRIP shares was @ 168.3943/share! This was the final straw that made me decide to opt out of DRIP for every stock I own. WM is actually a new investment for me and I bought all of my shares on 11/4/22 at 157/sh. WM opened this morning at 161.83. WM peaked at 170 2 weeks ago but the majority of my ownership has been well below 168. So I assume its clearly not my ownership that determines the 'average' price it's just the average over a set period of time maybe since the last dividend? + +With the market being so volatile (and many predicting a downturn/recession) I think this is a disastrous strategy. I'm curious how other people feel about this. +[https://www.cnbc.com/2019/02/14/amazon-says-it-will-not-build-a-headquarters-in-new-york-after-mounting-opposition-reuters-reports.html](https://www.cnbc.com/2019/02/14/amazon-says-it-will-not-build-a-headquarters-in-new-york-after-mounting-opposition-reuters-reports.html) +I’m moving into my first solo apartment in a couple weeks, and I had to budget for the utility security deposits that many companies require if you lack a history with them. Between electric and internet, I was looking at a couple hundred dollars in deposits—spread out gradually over my next few monthly bills. + +However, today, I learned a deposit was not required due to my solid credit score! + +One less headache to worry about, and my budget is a bit more flexible now, and all it took was managing and building credit responsibly. + +EDIT: Of course, this is just one of the minor benefits of a good score. I just wanted to highlight how credit can be a factor sometimes in less salient circumstances + +EDIT 2: This became more popular than I expected! I won’t be able to respond to replies today, so check out the Wiki on this sub for more information about using credit responsibly. Also, credit and debt are two different concepts—it’s important to understand the difference. +The human race has been urbanizing at a rapid pace. But I don't understand why cities are useful if they have higher costs of living and don't play their Industrial Revolution role as a centralized source of manufacturing labor. After Covid, we've reevaluated the need for working in offices, so what jobs need to be done in the empire state building that can't be done from your mom's basement in Omaha? Only exception I see are big trade ports or political hubs (which are borderline unnecessary now too) +Say someone like Bob Iger managed to wrest control of all major media companies. He, ultimately, has the final say in their operations. *However*, he leaves them as separate entities and doesn't engage in monopolistic business practices. So no industry consolidation and no price-fixing. Would Iger, as a person, be considered a monopoly by the government? And would he be forced to sell his shares in some of the companies? +Say someone like Bob Iger managed to wrest control of all major media companies. He, ultimately, has the final say in their operations. *However*, he leaves them as separate entities and doesn't engage in monopolistic business practices. So no industry consolidation and no price-fixing. Would Iger, as a person, be considered a monopoly by the government? And would he be forced to sell his shares in some of the companies? +I've been thinking a lot about a post from last week on how $5mm doesn't cut it for most of us in HCOL cities with families. And I've definitely experienced this feeling firsthand over the past year. + +Up until last year we were living in the city in a cute, but small $900k condo. Our neighbors came from a variety of backgrounds, with different jobs, incomes, interests. It was great in that we felt more "anonymous" in growing wealth, there was no keeping up with the Jones' since everyone was so different. Annual budget was \~$125k for the two of us. + +We recently moved from the city to a great suburb in a $1.7mm home (nice but hardly ostentatious). We absolutely love the slower lifestyle. Our new neighbors are all wonderful people too, though there's ton of homogeneity in careers. They are almost all exclusively doctors/lawyers/finance professionals and maintain higher end lifestyles. + +The cost of the mortgage, RE taxes, home insurance, home repairs and utilities is \~$120k/year just for our new house. So our annual budget has jumped to \~$225k. We drive non-luxury cars, don't go overly crazy with vacations, food or clothes. We don't even have kids yet. + +We are currently in chubby fire territory, and at a 4% burn rate, our net worth doesn't quite cover our current $225k expenses. + +Our goal is to exit the workforce in the next 10 years. So while stashing away cash and letting investments grow has always been top of mind, figuring out how NOT to get involved with the suburban "keeping up with the Jones'" has also suddenly become very important. + +I recognize that once/if we start upgrading to Audis/Mercdes/etc, exclusively flying first, staying at only $800+/nt hotels, shopping only at high end stores (like many of our neighbors) it's REALLY hard to go back. + +I'm hoping we can get out of the workforce at $10mm NW, so we'll have access to \~$350k/yr (figure 3.5% burn rate), which will allow some extra spending from today. However, something tells me that will get gobbled up pretty quickly with kids and say, a country club membership, even if we don't move to spending $$ on other luxury items. + +Do all of you think about this kind of stuff too? I used to believe $5mm was the number. Now I see $10mm as more realistic, but with appropriate brakes in place. I can easily see how that figure keeps inching up, especially when you start surrounding yourself with wealthier crowds. + +It's really important for me to actively practice gratitude for what we currently have, and keep in mind that some of my favorite things don't involve a huge outlay of cash (running outdoors, hitting a good CrossFit class, meeting friends for a casual breakfast, reading by the fire, taking care of my family). +Did you see my previous post here? Well PinkPanda has tripled in price since then… without any other promotion. And now influencers are going crazy over it (for example, Money Talk just made a video on it on Youtube). + +Why is this such a roaring success? Well, pandas are fucking dope. Everyone knows that. And pink pandas are even more dope… since pink is for cancer, and by hodling PinkPanda you’re contributing to cancer charities. + +And it's still early! Only 24 hours old and $1.5m market cap. + +But is there a use case, you ask? Yes, and it's a good one. PinkPanda is the first mobile-first, fully on-chain DEX on BSC that will allow you to trade coins with up to 5x margin/leverage. To prove the development to the community, the team is launching the first version of the mobile app in less than a week. They're serious about this. + +From the whitepaper (I recommend you to read it): "We have no interest in reinventing the wheel; our design is very much inspired by other on-chain spot margin trading protocols, in particular Solana’s Mango Markets and Ethereum’s Aave. We will bring these innovations to BSC." + +And, of course, the most important thing: The community. It’s insane, dude. Trust me. Check it out, get in the telegram, and chill with your fellow pandas. + +Stealth launched to beat frontrunning bots... don’t believe me, look at the chart. + +TOKENOMICS: 5% to LP, 5% to hodlers. Unruggable. + +Whitepaper: https://pinkpanda.finance/wp-content/uploads/2021/05/Pink-Panda-Whiepaper.pdf + +Telegram: [https://t.me/PinkPandaDefi](https://t.me/PinkPandaDefi) + +Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x631e1e455019c359b939fe214edc761d36bf6ad6](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x631e1e455019c359b939fe214edc761d36bf6ad6) + +Contract: 0x631e1e455019c359b939fe214edc761d36bf6ad6 +New to the investing scene. Just learning the basics and trying to get into investing. Read somewhere that investing in US market crash can get someone rich as it a good opportunity etc etc. + +Is it actually a good idea to do that? + +Also, new to investing. Don't judge me if this is something dumb lol. +$TSLA has lost roughly 70% of its value since the stock hit an all-time high in November 2021. It not just share price but Tesla’s market share in key market is also falling at par with its share price. Third problem is falling demand for vehicles amid rising interest rates and expensive living all over the world. Just in 2021, everyone in the world was lined up to buy new cars, and in 2022 everyone was in lines for fuel. Apparently in 2023, no one will be in any line and Car makers and Fuel Refiners are going to be in the line of fire. +$TSLA has lost roughly 70% of its value since the stock hit an all-time high in November 2021. It not just share price but Tesla’s market share in key market is also falling at par with its share price. Third problem is falling demand for vehicles amid rising interest rates and expensive living all over the world. Just in 2021, everyone in the world was lined up to buy new cars, and in 2022 everyone was in lines for fuel. Apparently in 2023, no one will be in any line and Car makers and Fuel Refiners are going to be in the line of fire. +I posited [this question](https://www.reddit.com/r/financialindependence/comments/37or0y/are_any_of_you_planning_on_working_no_stress_fun/) on this subreddit 5+ years ago, and seeing that it's grown in activity, I'm curious to hear some novel responses. + +After a strenuous career working your way towards financial independence, do any of you have or plan to have a *fun, no stress* job after you achieve FI, to remain productive in a familiar sense or socialize with people? + +During high school, I worked at a movie theater along with 2 (regularly retired) older gentlemen who lived comfortably, but worked at the movie theater a few days a week to talk to people, see free movies, and generally keep themselves entertained and sane. + +Are any of you planning on doing the same? + +**Edit:** A day later, it's been great to read over you guys' aspirations. Wherever you are in the FIRE process best of luck: enjoy working at a pizza parlor, teaching little league, or reading a good book in your hammock with a cold mimosa. +Who ever bashed Lisa or discouraged by her tweets, please check the AMA with her[(49) AMA with Lisa Braganca - Former SEC Branch Chief / Attorney at Braganca Law LLC - YouTube](https://www.youtube.com/watch?v=9nvuL0mevRk) + +She is basically an APE to the BONES.She wants to fight for more fair system. + +She knows how to DO IT.Fuck, she says what exactly are the bottlenecks and cornerstones in the system change, she wants to help , not because it earns her money, but because it's right thing to do. + +Lisa Braganca is a ally that you want to onboard. She is inspiring and she knows what to do.She encourages to DRS and she is open to new ideas. + +Thanks for listening to my rant. + +Please, watch the AMA. You will not be disappointed. + +edit1: Apparently, we are all retarded here. But people bashing Lisa are negatively retarded. + + +edit2: this post got a lot of traction. Make sure to check [https://www.drsgme.org](https://www.drsgme.org) . + +Edit 3: sign the letter, if you agree with it. +https://www.urvin.finance/advocacy/we-the-investors-pfof-sign-on +The reason the great DFV is so quick, organized and succinct in his responses is because you don’t need to “prepare” to tell the truth. It’s easy to answer a question when the truth is the answer. + +Compare that to Robinhood or citadel and it’s clear to see who needed to “prepare” and be coached for these questions today. + +It’s unfortunately clear that this hearing will result in little to no action or changes going forward to hold big money accountable for their bad decisions, and the people will continue to shoulder the burden for their mistakes. + +I’m not here to stick it to the man, or take down big hedgies, I’m here for the tendies just like anyone else, but it’s very clear we will see something like this happen again in another 5-10 years, with retail traders and tax payers shielding big money at the cost of our tendies. +Hi Fatfire, + +I probably have a certain bias here because we're in the process of building a house, but it seems like every time we engage with vendors/services, people try to gold plate, overcharge, or even take advantage of us when we're buying things. + +This is everything from vacationing in nice places, getting landscaping quotes, interior design quotes, home automation, etc. I don't want to short change the vendors, but I don't want to overpay, so I'll do research and negotiate down or choose alternate vendors. + +This ends up being a lot of work researching, comparing, getting extra quotes etc. Have folks found a way to make this easier? Do you just accept you will be overcharged for things and and deal with less hassle of just getting things done? Or does this just come with the territory of buying more things in a VHCOL area? +Wanna get rich of pee and poo? + +$PPPP peepeepoopoo coin, + +Lets be frank, since the success of doge, many have tried to emulate a community token powered on memes and humour alone, slowly but surely tokenomics/ charity or whimsical use cases & stupid animals have been put to the forefront of these emulated tokens, and to be honest sub standard meme coins, terrible humour paired with no real meme vibe being given off, is a recipe for a boring project. + +Here at peepeepoopoo we aim to put a stop to that. We're a meme coin fueled on pee and poo alone! nothing more nothing less. If you feel the same way about the block chain and its lack of humour and pee & poo please join our group! + +We're set to launch once we get 100 members so spread the poo. + +**Tokenomics:** + +PeePeePooPoo coin $PPPP will have a total supply of 100 Trillion. why? For the love of pee and poo. + +5% of transactions will be added the the peepeepoopoo Liquidity toilet (Locked so no flushing) + +5% will be spread amongst all the peepeepoopoo holders + +Why peepeepoopoo? Peepeepoopoo will be a fair token, only 1% of the supply will be held to cover initial startup costs, the rest is going straight into our Locked LP. This is my first project as Dev and I want to gain a good reputation in the community! No shenanigans just good old fashion peepee and poopoo. Feel free to ask any questions. + +PeePeePooPoo Coin Dropping soon on BSC!! Hold your peepees and poopoos were headed for the stars !!! 🌟 + +**Links:** + +[Telgeram](https://t.me/peepeepoopoocoinbsc) + +[Website](http://peepeepoopoo.me/) + +[Locked Liq](https://bscscan.com/tx/0xa4040e97550c537f9ee6092d91d1f83f06984956a09a40ee66e8f80d9fad3fdf) +When someone asks "How many months of expenses should I keep in my efund" the top 3 answers are "3-6 months", "6-12 months", or "it depends". The discussion ends there normally, but if it continues people normally talk about how if you have a family you might need more, or if your job is niche you might need more, or whatever. + +But almost never do I see people chiming in with stories of how their efund came in clutch or failed them. I think that is perhaps the most important thing. How many people cut the fund down to 3 months and ended up in a bad situation due to sudden expenses or job loss. You would expect if the 6-12 month people are right then there would be a bunch of horror stories from the 3-6 month people. So please share your experience. +My husband is 17 years older than I am and halfway through his career. I’m 26 and just starting out. Right now he is the only one working and supporting the family and I’m staying home with baby. + +Our long term plan is for me to stay home for a few more years and go back to work when baby goes to school, in about five years. Husband plans on retiring in 15-20 years while I continue working for 10 more years after that. + +So in planning what we need for retirement, should we look at it as separate retirements? Or do we continue to contribute until we are both done working and live on my income until I retire? Does it make sense to contribute to our separate IRA’s or should we have a joint one? And ideally we max both of them out but should we contribute to them equally or should we max his out first half of the year and then work on mine? Should we plan on touching that money during his retirement or holding off as long as we can? +https://economictimes.indiatimes.com/markets/stocks/news/icici-banks-100-million-exposure-to-bankrupt-singapore-oil-trader/articleshow/75255656.cms + + +> ICICI BankNSE -3.79 % has a $100 million exposure to Singapore based oil trading company Hin Leon Trading Pte which has filed for bankruptcy protection in the Singapore courts. + +The Mumbai based bank has lent $100 million to the company out of which $75 million is secured through investory a report by S&P owned Platts agency said. + +It's probably not a big part of ICICI's book & it's also partly secure. However, how many such defaults are we going to see across banks this year? + +Will ICICI Bank open GapDown tomorrow? +It's fairly obvious to state that most well-known or famous/popular value-style or value-influenced investors are getting on. See my quickfire list at the bottom. + +It led me to wonder if there are any well-known or reputable value investors under 60 or so worth following or adding to my watchlist or reading list. + +Given that value investing (in the broadest sense) has underperformed for some time, that sort of environment doesn't lend much to younger value investors rising in prominence - but regardless I am curious if any of you have certain under 60s on your radar? I realise that age is what contributes to validating an investors successful track record, but no harm in trying to identify the next generation of potential Buffett's (so to speak..) + +Thanks in advance + +A few examples: + +Graham +Schloss +Munger - 98 +Buffett - 92 +Miller - 72 +Marks - 70 +Klarman - 65 +Greenblatt - 64 +Pabrai - 58 +Spier - 56 +They will rue this day as the day they shorted the stocks, but increased our profits. Those cheaters attacked Gamestop. GAMESTOP WAS OUR CHILDHOOD LADS, NOW WE RIDE TO THEIR AID! HOLD THE STOCKS! AND IF YOU HAVEN'T BOUGHT BEFORE, BUY AT 7'O CLOCK, FOR THAT IS WHEN THEY LAUNCH THE ASSAULT. THEY SHALL SHORT THE STOCKS! BUT THEN WE WILL BUY FOR CHEAP, AND OH, TOMMORROW, WE WILL RISE LIKE JESUS ON THE 3RD DAY. AND MAKE PROFITS. THAT'S THE WAY! +If you haven’t already seen, as of this morning, T212 are forcing customers with a General Investment account (but not ISAs) to agree to their shares being lent out. + +**To be clear, as I’m seeing a lot of misinformation in the comments:** this ONLY applies to general investment accounts, which did not previously have their shares lent out. T212 are already known to automatically lend shares on *margin* accounts, but this only applies to “normal” share accounts with them. + +Here’s what I would consider doing: + +1. Never give these crooks another penny of your money +2. Do **not** agree to have your shares lent out. If you don’t agree by July 13th, T212 say you will only be able to close or reduce positions. +3. **Continue to hold your existing shares with T212.** Do **not** try and transfer, due to T212 restrictions you’ll have to sell your shares and buy them back at market rate, which means you could incur a loss, and hedge funds could potentially buy back your shares to cover positions. +4. **Open an account at another broker**, but to be clear, do **not** transfer. Just use this new brokerage account for future purchases. This way, you keep your existing shares held at T212, and as long as you haven't agreed to the terms changes, they will not be lent out. +5. If you’re a U.K. ape, and **haven’t already opened a shares ISA this financial year**, open an ISA account with your chosen provider. This way your gains are tax-free, and crucially, **shares cannot be lent out from ISAs**. +6. **Continue to buy through your new broker**. Only return to T212 to close your positions when MOASS takes off (or keep your shares there for the Infinity Pool) + +Many T212 users seem to be in the U.K., for those people I would recommend Interactive Investor (no known restrictions), or Freetrade (max $25k per order, but they have suggested this will change). I personally wouldn’t recommend Hargreaves Lansdown, as they don’t offer limit orders without calling them up. *Do your own research, these recommendations are just my personal experience*. + +This isn’t financial advice. Good luck! +My first [post](https://www.reddit.com/r/Superstonk/comments/z2dx13/i_think_i_found_the_shares/) on this topic about 2 weeks ago had its flair changed to speculation by the mods as there was not sufficient evidence to support my theory that tokenized "GME" shares were being used as locates for short sales in the stock market. Fair enough. + +**I'm labeling this one as DD and I stand by it.** + +https://i.redd.it/ay42izyd0t4a1.gif + +\--- + +Same as last time, here's a legend for the post; + +1. Prologue +2. Tokenized Equities + 1. BIS & Tokenized Equities + 2. Project Helvetia +3. Uniswap & Liquidity Pools +4. "GME" tokens +5. Wrapping it up with FTX + +\--- + +# 1 - Prologue + +I am fascinated by **TOKENIZED STOCKS**. + +Quick reality check for all the immediate naysayers; + +Member when we discovered the GameStop NFT landing page in May 2021? The one that evolved into the NFT marketplace? + +[member?](https://preview.redd.it/amxf4bji0t4a1.jpg?width=749&format=pjpg&auto=webp&s=95509782864e21a308a516ff318fab9f1be4ab10) + +And member when we discovered a series of easter eggs that led to the hidden bananya cat game game and this message? + +[member?](https://preview.redd.it/ntbh007k0t4a1.jpg?width=1280&format=pjpg&auto=webp&s=37c2297ea83c3f3944b5eb0ccb0b2fbc9866311e) + +Well the Ethereum contract listed on the official landing page was 0x13374200c29C757FDCc72F15Da98fb94f286d71e, **which just happens to be one of the many "GME" tokens -** [**Gamestop**](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) + +And the [solidity code](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e#code) for this contract has the same message from the website easter egg; + +[member?](https://preview.redd.it/iyth9x3m0t4a1.png?width=677&format=png&auto=webp&s=8d1d44b082fdf907b43b84477e12e4f86bacd935) + +And and it was [minted on May 25](https://etherscan.io/tx/0x89df343d7e245d42a09de2c790c8c471a0956f32b55631a53a15268c56a74c2d), the same day Ryan Cohen Tweeted '*Don't Try This At Home';* + +And and and the contract for this token has multiple interactions, all of which oddly failed due to lack of gas, including 3 directly [from](https://etherscan.io/tx/0x8d610998e2572692232c2abec0e3f491996b6b6c003e87d036253abab87216a1) Matt Finestone on Dec 2, Dec 4 and Dec 7, 2021; + +*tOkEnIzEd GaMeStOp ToKeNs ArE a NoThInG bUrGeR* + +Yeah, no, yeah, they're not a nothing burger. **They're a something burger.** + +# 2 - Tokenized Equities + +What the heck is even that? Well, officially; + +>[Tokenized equity](https://www.investopedia.com/terms/t/tokenized-equity.asp) refers to the creation and issuance of **digital tokens or coins that represent** **equity** **shares in a corporation or organization.** +> +>With the growing adoption of blockchain, businesses are finding it convenient to adapt to the digitized crypto-version of equity shares. Tokenized equity is emerging as a convenient way to raise capital in which a business issues shares in the form of digital assets such as crypto coins or tokens. + +In theory, they offer flexibility in and better access to fundraising, decrease restrictions that may genuinely hinder some businesses and bring all other benefits of blockchain to equities like verified voting, dividends, mergers, acquisitions, etc., but like all things, people can be shitty when given the chance. + +And this gives them a big chance. + +IMO DEX tokenized shares would be a great idea, but what we got was CEX tokenized shares. + +**And CEX is for dummies.** + +# 2.1 - BIS & Tokenized Equities + +In case you missed my [post](https://www.reddit.com/r/Superstonk/comments/z8c7nu/the_fed_is_not_the_final_boss_not_even_close/) on the Bank for International Settlements (BIS), here is a great [video](https://www.c-span.org/video/?313679-1/tower-basel) again of the author, Adam LeBor, of the book *The Tower of Basel*, summarizing the history and the current structure of the BIS. **Watch it.** + +He explains how the BIS is the central bank for central banks. What they say goes. + +**And what they're saying is that tokenized equities are meaningful and CBDCs are 100% coming.** + +\--- + +The following two documents are BIS's updated global legislation on crypto assets and **tokenized securities** from June 2021 and June 2022, respectively; + +\--- + +[**Consultative Document #1**](https://www.bis.org/bcbs/publ/d519.pdf) **- Prudential treatment of cryptoasset exposures;** + +https://preview.redd.it/7vp994zuge4a1.png?width=646&format=png&auto=webp&s=05bbba2af5be07cef1c7946fff03e375bbe1f1ba + +Ok firstlies, banks have limited exposure to crypto assets, yet banks face increased risks with the growth of crypto assets? Hmm. + +Secondlies, it is BIS's official stance that the risks involved are; + +* consumer protection + * Protect *who* exactly? Protect them *how?* from *what*? They conveniently left out any elaborations. I wonder why. +* money laundering + * Takes one to know one. +* terrorist financing + * See above. +* carbon footprint + * Fixed that. + +What's next? Oh wait, that's all they had... Terrorists and energy consumption. Fucking L-O-L. + +https://preview.redd.it/hs7q5mijhe4a1.png?width=624&format=png&auto=webp&s=65ce59cc13cd91f6ba0e7087db2e262d73ad187c + +**The BIS says tokenized assets must have adequate reserves.** Take that, SBF. + +https://preview.redd.it/p5vcblq7ur4a1.png?width=702&format=png&auto=webp&s=f746c498185d9b7008d921f891571cf4112361fb + +*"If you (any Central Bank) even* ***look*** *at anything crypto, we have legal access to your books, because fuck you, we're the BIS.."* + +\--- + +[**Consultative Document #2**](https://www.blocktrainer.de/wp-content/uploads/BIS-Bericht-2022.pdf) **- Second consultation on the prudential treatment of cryptoasset exposures'** + +https://preview.redd.it/cxg0zht8wr4a1.png?width=667&format=png&auto=webp&s=621a22f81f06a9819d63176c5feb57c722f05db9 + +*"We're still worried about being out of a job but don't want you to know we're worried about being out of a job."* + +"*Also tokenized assets are for real for real."* + +https://preview.redd.it/83dgn8szxr4a1.png?width=747&format=png&auto=webp&s=f9e3f83ec3a224a2a9dab242facfc45d3630b04b + +Look, there's a whole whack of legalese that, to be honest, is well above my pay grade, however the point I want to emphasize is simply that the bank of banks has been working hard to define crypto and tokenized asset definitions, exposure limits, risk calculations, etc. + +If someone ever tells you these assets are just fluff, show them these documents. + +# 2.2 - Project Helvetia + +[SIX? More like DIX amirite?](https://preview.redd.it/j1dakpcf1t4a1.png?width=475&format=png&auto=webp&s=8b4b1dd85258a9e4cf6c2c31b28a43fb1b468216) + +[Project Helvetia](https://www.bis.org/publ/othp35.pdf) (Latin for Switzerland) is a **joint experiment** by the **BIS** Innovation Hub (BISIH) Swiss Centre, SIX Group AG (**SIX**) and the Swiss National Bank (**SNB**), **exploring the integration of tokenised assets** and central bank money on the **SDX platform** ^(see below) + +Quick recap on these 3 entities; + +* *BISIH* **identifies**, in a structured and systematic way, **critical trends in technology affecting central banking** in different locations, and develop in-depth insights into these technologies that can be shared with the central banking community. +* *SIX* **operates the infrastructure for the Swiss financial centre.** The company provides services relating to securities transactions, the processing of financial information, payment transactions and is building a digital infrastructure. The company is [owned](https://www.six-group.com/dam/download/company/report/annual/2021/six-annual-report-2021-en.pdf) by \~130 domestic and international financial institutions (can't find specifics?), which are also the main users of its services. (Like the FED?) + * SIX [Board of Directors](https://www.six-group.com/en/company/governance/board-of-directors.html#shareholding), [Governance](https://www.six-group.com/en/company/governance.html), [2021 Annual Report](https://www.six-group.com/dam/download/company/report/annual/2021/six-annual-report-2021-en.pdf) + * [**SDX**](https://www.sdx.com/) \*\*(\*\*SIX Digital Exchange), "*the world’s first fully regulated Financial Market Infrastructure offering issuance, listing, trading, settlement, servicing, and custody of digital assets"* +* *SNB* \- Swiss Central Bank + +Wait a second, a lof of Switzerland happening here? **Isn't that where FTX had its custodian CM-Equity AG "*****hold*****" it's "*****stock reserves*****" for its tokenized stocks?...** + +u/tjoma90 I would love to know your thoughts. [Post](https://www.reddit.com/r/Superstonk/comments/yyj1gz/german_dd_research_on_cmequity_ag_and_all_ftx/) for reference. + +\--- + +I won't go into the all of the details because that's not what I want to focus on (totally not because I don't understand it...), but the TL,DRS is that **BIS, SIX and SNB have** **~~conspired~~** ***cOlLaBoRaTeD*** **to create** **a private,** **permissioned, peer-to-peer blockchain for central banks with hierarchical access to the ledger and SDX as the central authority**. + +https://preview.redd.it/66prae3lgd4a1.png?width=399&format=png&auto=webp&s=ad881ce76d91cc907356903e5383c8ecded13115 + +[Yeah, this is going to be fine. PAUSE NOT!](https://preview.redd.it/cuxechsq1t4a1.png?width=529&format=png&auto=webp&s=525b6b54fe8bbbddfd4c4804101f22de32249d8f) + +https://preview.redd.it/opj0yah9cd4a1.png?width=469&format=png&auto=webp&s=0cffdbcbf327d4da1070f0f99269d8fa6d1e0931 + +https://preview.redd.it/8lfqhp36nd4a1.png?width=541&format=png&auto=webp&s=6e801c472942ee62b7769dc902cadf5b9cb985b4 + +There you have it folks. **Don't ever let someone tell you that CBDCs aren't coming or tokenized assets are meaningless.** Here you have the tippy top of the pyramid of modern global financial institutions discussing the topics, and how they [**already went live**](https://www.ledgerinsights.com/six-digital-exchange-sdx-first-digital-assets-this-year/) with part of their ~~intervention~~ *solution to stay modern* **back in** **November 2021.** + +[\\"we need to change the laws to allow CBDCs\\"](https://preview.redd.it/io3gc75o2e4a1.png?width=579&format=png&auto=webp&s=7a79987467db1f016da44b130631a80a7cdf6ccd) + +[\\"we need to change the laws to allow CBDCs\\"](https://preview.redd.it/0tbdta6p2e4a1.png?width=558&format=png&auto=webp&s=476d27dc6521560ed0bde7ec8e91fa8a5391e63d) + +Aside from the mechanics of their proposals, let's look at the language they use in the following legal sections; + +[\\"CBDCs won't be bad at all!\\" ](https://preview.redd.it/khc2j89q2e4a1.png?width=522&format=png&auto=webp&s=325bfaabbbe2862a9ded67704973bbd7504bfd59) + +[\\"we will need a global effort to change all the laws to allow CBDCs\\"](https://preview.redd.it/cxxg6sdr2e4a1.png?width=534&format=png&auto=webp&s=5b4bc72075037b3270660be139a3ffb4641edc42) + +They want CBDCs, **badly**. + +Why? IMO they saw the writing on the wall. "Join or die" is ever prevalent in this transition away from fiat currency to cryptocurrency, and CBDCs are a last-ditch effort to "compromise". Well, tough luck asshats, you're trying to offer better horse-drawn carriages when Henry Ford has already showcased his automobile - the Ford Broncass. + +**No thanks. I'll take the car.** + +# 3 - Uniswap Liquidity Pools + +Before we hop into the matter at hand, we need to review what **Uniswap** is. The mechanics are not overly important but you'll see why this is relevant in section 4. If you know what Uniswap is or don't care about its mechanics, skip ahead. + +\--- + +**Uniswap is a decentralized cryptocurrency exchange (DEX) that facilitates automated and permissionless transactions of** [**ERC20 tokens**](https://ethereum.org/en/developers/docs/standards/tokens/erc-20/) **through the use of smart contracts.** + +It's like a currency exchange booth at an airport except it's decentralized and you exchange Ethereum tokens on the blockchain rather than cash, and you pay a **very** small fee (\~0.3%). Meaning if you wanted to exchange $1,000 of XYZ token, it would cost you around $3. All automatic, trustless and guaranteed by math. + +Traditional exchanges price assets based on the *order book* model, where all bid and ask prices are recorded and once there's a match, a trade is conducted. In this model, liquidity is determined by the amount of offers on both sides of a trade and the price of the assets is based off of the most recent trade. + +Uniswap prices assets differently. Rather than having the last trade determine the price of an asset, **a deterministic mathematical formula is used, called an Automated Market Maker (AMM).** Assets stay in liquidity pools, which are a shared pool of assets deposited by liquidity providers (LPs). Why would you want to become an LP? Pretty simple - because you can collect fees. Anyone can create a liquidity pool or become an LP. + +More specifically, Uniswap uses an AMM called **Constant Product Market Maker Model**, which is represented as "X\*Y=K". This can get quite complicated but in a nutshell this means that any one specific liquidity pool has a constant ratio of assets, K, comprised of a pair of two tokens, X and Y. K is called the constant because the *amounts* of X multiplied by Y is always the same. + +If X is purchased from the pool, there is a lower supply making it more valuable, so the price goes up (**within that liquidity pool**). + +https://preview.redd.it/h7mi67891t4a1.jpg?width=1400&format=pjpg&auto=webp&s=af9d78987d34177f29b1014ba2acad03f0071d38 + +For example, let's say I want to make a liquidity pool with 100 apples and 10,000 oranges, so people who have either can exchange for the other, in this instance at a ratio of 1:100. Using the AMM model the constant K would be 1,000,000 (100\*10k). If person A buys 10 apples, there are only 90 left in the pool. Our constant has to stay at 1,000,000, so the cost for this transaction will be 11,111.11 oranges (X/K\*Y). This means person A would need to deposit 11,111.11 oranges to buy 10 apples. + +Ok yes yes yes math, but why do we do this? Well, **it's because the price of assets in liquidity pools are determined by how much you want to buy, not by how much someone else wants to get for it.** This keeps liquidity in the system without the need for external market makers regardless of the order size or amount of liquidity. If someone uses your assets to trade 10 times a day, that's a direct peer-to-peer, permissionless and **taxless** 3% ROI per day, 9% per month, 108% per year, etc. Not bad. + +This model makes it infinitely expensive to consume the whole amount of a certain token because algebra. If someone buys most of the apples, the contract just makes the next person pay more oranges for the amount of apples they want. This happens until someone wants to trade a bunch of oranges for apples and balance is restored. + +There have been 3 different formulas that Uniswap has used; + +**V1 Formula (Nov 2018) -** Trading of ETH to ERC20 tokens only + +**V2 Formula (May 2020) -** Trading of ERC20 to ERC20 tokens added + +**V3 Formula (May 2021) -** Adjustments to the math to incentivize providing liquidity + +# 4 - "GME" tokens + +From my previous post I thought there were only a handful of GameStop-related tokens. Well, I found a few more, as well as a buttload of sequential "GME" liquidity pools from Uniswap... + +|**Token Name**|**Supply**|**Uniswap Liquidity Pool**|**LP Contract Creation**| +|:-|:-|:-|:-| +|[Gamestop](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e)|0||| +|[GameStop Token](https://etherscan.io/token/0xcccf4a3440e22ae7f5dd6c691b56f56b4109a6bc)|100,500|[Uniswap V2: GME](https://etherscan.io/address/0xa483b75af801a666f09e516f2da71de9eae610f0)|[Jan 26, 2021](https://etherscan.io/tx/0x224ca3345efbe4f1b8d85c8c69af5eab8ec8cfcf0b58135f8ee11c25f589ce02)| +|[Wrapped GameStop](https://etherscan.io/token/0x2ec08e59ed827be587897edcdbff59215e785496)|10,000,000|[Uniswap V2: GME 2](https://etherscan.io/address/0x2ad68a7aee76661b7f31bbac0147fb9e341aec30)|[Jan 26, 2021](https://etherscan.io/tx/0xe815d20487a6bb72f48836419e1997b162f0d6b93555696d49bdece3b3610b8f)| +|[GameStop](https://etherscan.io/token/0xb4d1ae6a19b9ac217a522264bc6d43263d3e5e39)|20,000,000|[Uniswap V2: GME 3](https://etherscan.io/address/0x6ca8cc19d48e28ebb91e43e2a720aa75ce5a522e#tokentxns)|[Jan 27, 2021](https://etherscan.io/tx/0xf15ed473a5384814d98afc2fd1c088563c10e464d1326deb68c111c70825b466)| +|||[Uniswap V2: GME 4](https://etherscan.io/address/0x1392a715d90c1b1e857ba136e4dec78ebab1f64a#tokentxns)|[Jan 27, 2021](https://etherscan.io/tx/0x339b0560b2dae8639830131105645590d7f8422e1fe79bf35bd15bfd1910190c)| +|[GAME-STOP](https://etherscan.io/token/0xdb3d6e48caab4d22b3e448afff98f05ee0ba76a2)|61,500,000|[Uniswap V2: GME 5](https://etherscan.io/address/0xd5d611ad3e8e3b91478f73dc768bc48779509250#tokentxns)|[Jan 28, 2021](https://etherscan.io/tx/0x8470fb9f4a142fcd5c3e58428155aa40fa81d3f95e7f2edc1db01aaa9d8d2726)| +|[GameStonk](https://etherscan.io/token/0xa4f635f8cee91f8ac1ff7b4163acf69617a37835)|21,212,121|[Uniswap V2: GME 6](https://etherscan.io/address/0x015af781ebb2d1dea0c09927164b327d716853ed#tokentxns)|[Jan 28, 2021](https://etherscan.io/tx/0xbee60faa238e6a883085a7180e2d9e89ad8ba3d7bfba30a88090d713c29cbabe)| +|||[Uniswap V2: GME 7](https://etherscan.io/address/0xfdfbbc9907dc223f1b4cd9dfb19b7efd02f4cbc4)|[Jan 29, 2021](https://etherscan.io/tx/0xf92be8e6bec7d6f3cb9230e241123479980ed1ccd42886d3177d3897f764fd81)| +|[GameStop.Finance](https://etherscan.io/token/0x9eb6be354d88fd88795a04de899a57a77c545590?a=0x806e128faea66172e77ceb86821e0a1fcaf5a669)|1,000,000|[Uniswap V2: GME 8](https://etherscan.io/address/0x806e128faea66172e77ceb86821e0a1fcaf5a669)|[Jan 29, 2021](https://etherscan.io/tx/0x87b1652092075ca3046df1dd34239d830e5057f6b30a9718168a9a61bbda0f6c)| +|||[Uniswap V2: GME 9](https://etherscan.io/address/0x3cdde7248c38f5c2fc4cb2c6967893f96c2aba84#tokentxns)|[Jan 31, 2021](https://etherscan.io/tx/0x61e6b9b63447119d5d4b3100b222d51ce9e6b1e3fb3aeaa6af76020b6c60c8a0)| +|||[Uniswap V2: GME 10](https://etherscan.io/address/0xa4662500606f265a9e5ac172f46f0c19e994dce1#tokentxns)|[May 12, 2021](https://etherscan.io/tx/0x60d091a2f36bf99253983906a57f12e2d672950b6a03f7be28a92fb551e26450)| +|[Gamestop NFT](https://etherscan.io/token/0x2cc0881c94dabba25cd00ff4cd1e0ff1e92436f1?a=0xeff36a4ecc2ac45c45447e0025899ad4eb945f29)|1,000,000,000,000|[Uniswap V2: GME 11](https://etherscan.io/address/0xeff36a4ecc2ac45c45447e0025899ad4eb945f29#tokentxns)|[May 25, 2021](https://etherscan.io/tx/0x867d5cfbc05c56f749aedb3b57d040aaf64b1450b0f28f1b53354c97b0c7398e)| +|||[Uniswap V2: GME 12](https://etherscan.io/address/0xa122820e399a05b1bd6827b8335575a8dd40376a#tokentxns)|[May 25, 2021](https://etherscan.io/tx/0xca6046d615923bc58d7dd7ab94477608a22f643b5a1e17201a4c28c36746e0d0)| +|||[Uniswap V2: GME 13](https://etherscan.io/address/0x7f6c6e5f9448e412f0ef51d4b9a855dd3d6d2332#tokentxns)|[May 26, 2021](https://etherscan.io/tx/0xa6fd9eb2250c8406495f98c7a0e8a53989fa4dd0e9f50e79415346f5bda029a8)| +|[Gamestop NFT](https://etherscan.io/token/0xdc81caf6aadc9fcc495200f8c7c759d45ed9897e?a=0x9871b07986322ebda563f01a3fad0c85efbb8089)|1,000,000,000,000,000|[Uniswap V2: GME 14](https://etherscan.io/address/0xbe5096b60047b4711531b0190c5c014e2063f546#tokentxns)|[May 26, 2021](https://etherscan.io/tx/0xa6fd9eb2250c8406495f98c7a0e8a53989fa4dd0e9f50e79415346f5bda029a8)| +|[GameStop](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d)|69,420,000|[Uniswap V3: GME 2](https://etherscan.io/address/0x66fc46c48522138b569516911f2efdc018b5f4dd#tokentxns)|[July 3, 2021](https://etherscan.io/tx/0xb054bd0abf7d4ba3f27b5ad0c89e6468fe1ff7a196a366f56d5f93179d9bd0f4)| +|[GME Coin](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7?a=0x375555b23685517cbcb410e68cc07af1f99bb1f8)|12,000,000|[Uniswap V3: GME 3](https://etherscan.io/address/0x375555b23685517cbcb410e68cc07af1f99bb1f8#tokentxns)|[July 10, 2021](https://etherscan.io/tx/0xc70a3acbf016ac226821df3dda9e14be0cce899c2aac7a2b985c92cfd7dbc2a2)| +|[Gamestop Inu](https://ww6.etherscan.io/token/0xefaf43c09475753e8d41ddc902173152beb65155)|1,000,000|[Uniswap V2: GME 19](https://ww6.etherscan.io/address/0xf3256521be2f602caeffaa472ef2d97ef704e6fc)|[Sept 29, 2022](https://ww6.etherscan.io/tx/0x4dfc2f37710921e42a449ed59b26cac4e4e97a0635d43438582279f356f67fac)| +|||[Uniswap V2: GME 20](https://etherscan.io/address/0x47dcded86ca22e70992052a52703c8126931e8a0)|[Sept 29, 2022](https://etherscan.io/tx/0xf5a6d13b94f0fd27fc597821bcafcbfa0a313f5be23e8b01d410685522356ec3)| +|[GAMESTONK](https://etherscan.io/token/0x8bd55a8243bfb120b7f9aeb4a270d9be0dff423e)|1,000,000,000,000|[Uniswap V2: GME 21](https://etherscan.io/address/0x488a031afd1dea642b8d077f4312fb230396521e)|[Oct 2, 2022](https://etherscan.io/tx/0x9c64f3687cb788be6006bcf22cfe900cb029205a9cb89995cf0434b0a30e5149)| +|[GME Token](https://etherscan.io/token/0x32dd2e116c7647e0e89603df221dc6e8b5dde4e8?a)|1,000,000,000,000,000|[Uniswap V2: GME 23](https://etherscan.io/address/0xa67bc51561aef523aa268de9aea53765502ff1eb#tokentxns)|[Nov 6, 2022](https://etherscan.io/tx/0x38efd838e8073b2210a3b68b65b68fe3d86880f6da8536a4dd8b638f3f9ae0d5)| + +Fun facts: + +* Every one of these swaps involve Wrapped Ethereum because Eth is not an ERC20 token and Uniswap only deals with this standard. +* [*Gamestop*](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e)*,* the token and contract listed on the official GameStop NFT parking page currently [holds](https://etherscan.io/tokenholdings?a=0x13374200c29C757FDCc72F15Da98fb94f286d71e) 69,420.69 [GameStop](https://etherscan.io/token/0x5b7d043ecb3a694069cc01e763159ea1bde0541d?a=0x13374200c29C757FDCc72F15Da98fb94f286d71e) (\~0.1% of the supply) and 6M [GME Coin](https://etherscan.io/token/0xd4596454a0e145842d1319d6921399e8e1622ad7?a=0x13374200c29C757FDCc72F15Da98fb94f286d71e) (50% of the supply) +* Uniswap V2:GME 7 was [ENS registered](https://etherscan.io/tx/0xf92be8e6bec7d6f3cb9230e241123479980ed1ccd42886d3177d3897f764fd81) as "GameStop: Delpoyer" on Jan 27, and [sent 500k](https://etherscan.io/address/0xb6d320ee25b334070aad806638cb493fdbf30dc4#tokentxns) of [GameStop.Finance](https://etherscan.io/token/0x9eb6be354d88fd88795a04de899a57a77c545590?a=0x806e128faea66172e77ceb86821e0a1fcaf5a669) tokens to a contract called [PostBootstrapRewardsDistributor](https://etherscan.io/address/0x8d208815a43247a6313a52e512e9f9e767ea4492#code) +* Liquidity pool *Uniswap V2: GME 23* holds [**438 million %**](https://etherscan.io/token/0x32dd2e116c7647e0e89603df221dc6e8b5dde4e8?a#balances) of the supply of *GME Token* +* The Uniswap icon and ticker is the same on all of the above tokens + +# 5 - Wrapping it up with FTX + +Ok ok ok, let me onceuponawrapitup for you. + +On Jan 26, 2021, [FTX minted](https://etherscan.io/tx/0x2a893a8a6ea8ecb1a4654c060a1774d50067ecaa3f44af3ab387566198b592a9) 10M Wrapped Gamestop tokens, depositing 2.5M tokens each to 4 addresses; FTX Exchange, FTX Exchange 2, Serum Deployer... and a 4th [address](https://etherscan.io/address/0xef7d6661fae2082ef0cecd42b322a3960eb87f66)... **whose first order of business was to DEPOSIT THESE ('add liquidity')** [**INTO THE UNISWAP LIQUIDITY POOL**](https://etherscan.io/tx/0xe815d20487a6bb72f48836419e1997b162f0d6b93555696d49bdece3b3610b8f) **FOR THIS TOKEN.** + +**The following day, Jan 27, 2021, SBF himself** [**released**](https://twitter.com/SBF_FTX/status/1354383268657778689?s=20&t=TcvKVkzZtzf4ACLjm-_53A) **the "official" "tokenized GME" on the FTX platform, product "GME-0326".** + +**The same product that recently (pre-bankruptcy) had a** [**discrepency**](https://www.reddit.com/r/Superstonk/comments/yr3byw/gme_tokenized_stock_33_per_ftx/) **between the token price and share price.** + +**The same product that was possibly used as** [**locates under DTCC eligibility of hybrid securities.**](https://www.reddit.com/r/Superstonk/comments/yvg6bq/gme_tokenized_stocks_used_as_locates_under_dtcc/) + +**The same product that** [**can be used by JP Morgan for collateral.**](https://www.reddit.com/r/Superstonk/comments/yu8204/onyx_by_jp_morgan_allows_tokenized_stocks_to_be/?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button) + +**The same product that was included in the W5B-1230 FTX futures contract that increased linearly from $795 to $52.6k a few weeks ago** (outlined in my first [post](https://www.reddit.com/r/Superstonk/comments/z2dx13/i_think_i_found_the_shares/) section 4, ^(the screenshots of which look to be scrubbed? oh well hehe, I still have them saved hehe) ). + +^(Also, all FTX webpages now conveniently redirect to legal filings due to the bankruptcy, not surprising, but what's odd is even the multiple confirmed screenshots saved on) [^(the wayback machine)](https://web.archive.org/web/20220000000000*/https://ftx.com/trade/GME-0326) ^(for this) [^(FTX webpage)](https://ftx.com/trade/GME-0326) ^(won't load...) + +Anyways, another point, "wrapping" a coin allows it to be used on a non-native blockchain. Wrapping a token is essentially swapping one token for another token in an equal amount via a smart contract, or code on the blockchain that can store and send funds. + +Why is that relevant? Because I can't find **anything** regarding GameStop on Serum/Solana/Synthetix/Kwenta, where the original Wrapped Gamestop token was minted, **or even in the ERC20 contract on Etherscan**, suggesting there is actually nothing "wrapped" about this token, it's not an actual wrapped token, **it just has the name "wrapped"** to have the *appearance* of being legitimate, and in addition to the intentionally complicated systems, cross-blockchain transfers, multiple Uniswap liquidity pools and more, is all likely just to obfuscate the data. + +\--- + +And going back to a specific section from document #1 in section 2a real quick (banking exposure to cryptoassets); + +https://preview.redd.it/9hqoctdbtr4a1.png?width=710&format=png&auto=webp&s=4cd82803df81977fd84ad4859731086e2ec7241f + +Wait wait wait, "redeemers" (holders) of cryptoassets (GME tokens?) backed by traditional assets (GME shares?) held in a bankruptcy vehicle (FTX?) have **zero credit risk exposure** due to that bankruptcy? Wow. How convenient. + +*tOkEnIzEd StOcKs ArE a NoThInG bUrGeR* + +Yeah, no, yeah, they're not a nothing burger. **They're a something burger.** + +\--- + +I probably need one more brief post following the specific transactions to link the tokens to each other, but the teaser for that is that the most recent token has 1 **quadrillion** tokens in circulation, yet the uniswap liquidity pool for this token has 4.383 **sextillion** tokens in it. + +That is 4,383,561,655,088,940,000,000 tokens. + +That's a lot of fucking tokens. + +Stay tuned. +Hello everyone + +I am conflicted because i keep getting contradictint advice from different subs. + +There are people that believe that you can not beat the market for a long time, especially not for 20 - 30 years and thats why the best strategy would be to invest into a broad all world ETF. + +If i look at the ETF sub, then all the people are buying ARK, QQQ, green energy and other ETF trying to outperfom the market. + +I am very conflicted because i dont know what to do. I feel bad because i think the Nasdaq100 made 20% over the last 10 years and if i dont invest in it or in ARK i will lose out on the profits it will make for the next 20 years. At the same time i feel like you can not beat the market and if i invest into ARK or Nasdaq im in for a loss compared to the All World, because its supposedly not possible to beat the market. + +Some people suggest me to invest 10% of my portfolio into high risk high reward etf or single stock. Does this make sense? Why would i gamble the 10% if i know the market cant be beat? + +Are there any calculations that answer these questions? For example i invest 4000$/month into All World ETF hopefully making an expected 7% return for the next 20 years so i can retire with 2 million. If i would invest 500$ from this into Nasdaq100 or ARK and i would make 20% for the next 20 years then these 500$ lone would make me 1 million. It could also be that ark or nasdaq does horrible next 20 years. + +How do i make the right choice? +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! + +Crypto is treated like a get rich quick scheme but many of the new users in this sub, which it is not. The only reliable way to make a life changing amount of money with crypto is consistent buying, and holding for the ultra-long term, no matter what happens. I don't care what some kid made in their Shiba coin, that is a fluke in my books. + +**If you truly want to be rich, you need to buy on a schedule, and develop a strong stomach for dips. YOU WILL NOT GET RICH IN A FEW MONTHS. This requires dedication and balls of steel.** +Like a lot of people every month I get a water bill, electricity bill, internet, you get the idea. Most months I open my mail, verify that the bill looks roughly similar to last month and let autopay take care of the rest. + +But since last year I have started an excel spreadsheet documenting what my bills are each month, how many thousands of gallons of water I'm using, kWh used, the whole shebang, in an attempt to be a more financially responsible and understand where my money is going and how I can save. + +The last 3 months I noticed my water bill hiking up. My home uses between 2-4k of freshwater monthly but it's gone from 5, to 8, then 8 again. I noticed the trend, but didn't really understand why it increased - I'm not a plumber and there were no leaks in the house I was sure. + +Fast forward to last evening and I'm out with a group of acquaintances and someone's plumbing problem gets brought up, one of my friends is an awesome plumber and I manage to ask him at the tail end of the conversation about what I noticed on my bill. He seemed immediately alarmed and asked him if I noticed any water accumulation in my front yard. Actually, yeah, it's been raining a lot lately but I do have a few persistent pockets left over on my yard. How did he know? This morning he actually brought his crew out to my house and found out there's a crack in my water main - I was losing hundreds of gallons a day and it was on the verge of rupturing completely. He replaced the line for a nominal fee and said how glad he was I said something - my area is really prone to sinkholes and nothing attracts them like pooling or leaking water. I likely saved tens of thousands of dollars in damage to my house and my neighbors house by bringing it up! Not to mention the savings in my monthly bill... +My financial life was pretty simple and stable (mostly index ETFs, just a primary residence, filed my own taxes) until last year, when I had a sudden windfall. I brought in a wealth advisor, CPA, and estate attorney, which have all been largely positive so far. + +I am noticing that I have a ton more paperwork to sign than ever before. The wealth advisor has put us into some alternative investments (low to mid six figures USD per investment), several of which require signatures on long contracts plus frequent amendments. And each service provider has terms of engagement that are many pages. + +For reputable funds/companies/attorneys, do you have an attorney review contracts? Or carefully review yourself? Or skim/just skip to the dotted line? If it depends on the type or size of contract, where do you draw the line? +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 +These two douche canoe Youtubers are actively blocking and silencing anyone whos speaks up against the APEFEST. These dudes are clearly not here for the betterment of our community if they are stupid enough to push such a blatant shill agenda. These guys cannot be trusted and we should all unsubscribe to there channels if they will not let us warn our ape brethren about the perils that lie ahead. + +&#x200B; + +EDIT: A MOD from Andrew MoMoney's team reached out to me and offered this explanation... As I absolutely support our APE NO FIGHT APE agenda I'm going to post his message for everyone to see so they can decide for themselves how they feel. + +&#x200B; + + I'm a mod on mo money (john desilva) , it was probably me who timed you out because at the start of the day there was loads of people saying fk ape fest , yesterday when i went to bed apefest was a good thing so i assumed the comments was SHF shills trying to ruin our good time , After checking Reddit and reading the DD about ape fest being seen as a way to view us as a collusion, I spoke to the other mods and we agreed that its a possibility so it was agreed any ape fest talk good or bad wouldn't be timed out from that point , As an ape myself i try to stomp on fud as quick as i can , day in day out there's 100s of shill comment saying sell sell its dead etc , I get there is a lot of people who don't like Andrew but there is a lot of people who do and they are an ape so to boycott Andrew would be ape on ape, We don't need it, the fight is at the SHF . Andrew has already said he isn't promoting the apefest at this point until it can be proven its not a SHF play . OP sorry for timing you out mate it was a genuine act to stop what i thought was FUD :D I cant reply on the post i don't have the karma. + +&#x200B; + +&#x200B; +Hey there good folks at Reddit! u/bhanugurram and u/shrehith_karkera here, co-founders of Finshots and [Ditto Insurance](https://joinditto.in). Ask us anything! And we'll try our level best to succinctly answer all your queries :) +I won't go into detail but I just got informed I got a big chunk of tax-free, legal money. I have always lived paycheck to paycheck and never had to think about what I would do if I had money to spare. + +Even obvious stuff will be appreciated. + +I don't think I really want to buy anything. + +I've read some wiki stuff but it don't really say too much other than "don't rush it" and "tell no one" (which I guess I do now on this throwaway account). Should I just go to a bank and ask them what to do with it? + + + +I will not answer PMs, just here. + + +edit: I just want to say thank you for all the great tips and research material! You guys are the best, I never thought I would be getting this much help so quickly! I'll take my leave for right now and do some deep thinking based on what you have said. Thank you very much again. I'll check in a bit later! +Ever since last night, I've had an aching pain in my lower left abdomen. Now, Some of you have seen from my past posts that I'm not in the best health to begin with. Not that I don't try to be, but when you haven't had steady access to healthcare, you end up having to chug some pain pills down with water and call it a day. Im turning 40 next month and I'm also realizing that all those years without that healthcare are starting to catch up to me. + +My husband wants me to go to the doctor, and I told him we couldn't afford it. Of course, he has these unrealistic, but understandable expectations that people should be treated with or without money, but that's not the way our country works, unfortunately. I'm trying to get on disability, which if approved will get me qualified for Medicaid, but despite applying for the 3rd time back in June, they gave me a late November date for when they'd let me know if I'm finally approved. + +It's so frustrating to know that my worth is based on how much money I make. I'm good at things, I'm not useless. I can cook and bake, and knit. I can be a shoulder or an ear for someone, and I have talked people off from the ledge. Yet, when I'm in situations like this it doesn't matter. Anyway, thanks for listening to my rant :) + +EDITED TO ADD: Thank you everyone for the lovely comments! It truly makes me feel better to know there are kind folks out there who understand and care. +Hi there, + +I am looking for a good free book that provides practical advice on how to invest in real estate in India, given the poor land rights system and the problems of land grabbing and corruption, a weak judicial system and such. + +I am referring to buying, developing/maintaining, selling of property. I am excluding REITs from the definition. + +Can anyone suggest such a book? Also, if possible can someone link such a book? +\*\*\*So a bunch of people have sarcastically congratulated me on having an 860 credit score. I honestly thought it was an 860. If it only goes up to 850, then it was an 840 maybe. It was an honest mistake. I've included pics in this update to show you one year back and how my score dropped after selling my house (In September) and then the one missed payment I discuss in this post. It only goes back a year, so the scores over 800 are no longer visible on this report. + +[https://imgur.com/Kgn3CWV](https://imgur.com/Kgn3CWV) + +[https://imgur.com/qEdP1z1](https://imgur.com/qEdP1z1) + +\*\*\*\* + +&#x200B; + +I did everything right. Over a decade, I paid off all of my credit card debt, two cars, my wife's student loans, and my credit score jumped up to an 860 (I think that was the highest). I bought a house and got the lowest interest rate available at the time. I even had a back up plan in case of unexpected change. Kept building my savings. Paid my bills on time. + +Then I unexpectedly lost my job. I put the plan into action. Decided to move cross country to an area with a lower cost of living. Sold my house, moved back east, lived with family while I looked for a new job. + +I finally got a job and the next part of the plan was to buy a house. This is where I realized I had a problem. As it turns out, after more than 10 years without a missed or late payment, my wife and I had somehow "forgotten" to pay our last electric bill of about $200. We only found out about it after receiving a letter from a collections agency. We mailed in the payment and I checked my score. + +My credit score score had dropped to 682 in less than a year. It looks like after we sold the house, the score dropped from 860 to about 780. Then after this missed bill, it dropped down to 682. + +I talked to the electric company and explained that something obviously went wrong, because being 8 months delinquent on a bill didn't match our history with them OR with any creditor. They responded by telling me that they had not only mailed us two large envelopes we "couldn't miss", and had records of 8 different attempts to call us about this outstanding bill. They even claim to have records that my wife answered 2 of the calls (to her number), and that they left 6 voicemails. They say this was all BEFORE they sent us to collections. The man on the phone refused to listen to (what I consider to be ) logic. It just doesn't make sense for someone to just suddenly ignore a bill. + +I have no question that this bill was missed. After the chaos of a cross country move (with two kids), I'm honestly surprised nothing else slipped through the cracks. I just can't explain HOW it was missed for so long. We never got any of their letters. My wife's phone history shows no record of calls or voicemails. + +I disputed the claim with Transunion and they ruled that the negative mark was accurate and would remain on my report. + +Does anyone have any advice? What can I do here? Do I have any options? I want to buy a house, but with interest rates slowly climbing, the difference between the payment on a 4.8% apr, and a 5.8% apr is pretty drastic. In fact, it's throwing my back up plan into a tailspin. + +Sorry for the length of this post. I just wanted to put in as many details as I could. I really hope someone has any advice, or recommendation other than "sorry bud, you're screwed," or "wait it out, the score will go back up." + +Thanks. + +&#x200B; + +&#x200B; + +&#x200B; +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. +Our homeowner's insurance in San Diego is being "not-renewed" due to fires. But isn't it more rational to raise rates? I understand what's called "material change in risk," such as renovations. But, to effectively cancel a large portion of your region's customers' policies seems like found money. What am I missing? +As cities shut down we are going to see the livelihoods of many impacted. Here’s a few steps we are taking to support our local economy: + +- Buy gift cards for local stores and restaurants you frequent to help them with cash flow + +- Advances (paid through April) for folks who provide us with personal services/home maintenance: landscaping, cleaners, hair dressers, masseuse, etc. regardless of if city allows them to perform services. + +Any other ideas around here? + +EDIT: We've been unlocked! Let's here other ideas people have come up with! +Even today, gold is being mined constantly. So, since the supply of gold cannot really decrease, and since the supply of gold is constantly being increased (aka "inflated"), gold is, by definition, suffering from perpetual inflation. Thus, how isn't the price of gold perpetually increasing? + +This same question applies to any precious metals. +[U.S. Retailers Plan to Stop Paying Rent to Offset Virus](https://www.bloomberg.com/news/articles/2020-03-24/u-s-retailers-plan-to-stop-paying-rent-to-offset-virus-closures) + +&#x200B; + +With stores closed, retailers can't pay rent. On top of that, retail employs a massive amount of people, many of them renters themselves. If these workers are not getting paid, I imagine they can't pay their rent either. However, Real Estate fixed expenses are not going away (mortgages, taxes, maintenance, depreciation, etc..) + +Curious to see what are the thoughts of the Real Estate FIRE on the current situation specially the ones who used leverage to buy properties and generate cash flow. +Hi everyone, + +I'm having troubles deciding what to do with my money. + +I started investing in ETFs (boring S&P500 and World ETFs) in March 2020 and started with around 350€ every month. + +However, I have a bit more than 80K saved in the bank (growing every month by 1-2K) and I feel like they are wasted and could be better utilized. + +As a result, I've started increasing my investments in ETFs to around 700€ per month, but I still feel like the vast majority of my money is sitting in a 0.01% interest bank account and should instead at least be partially invested. + +I will keep at the very least 20K in cash for sure, as an emergency fund, but I'm trying to decide what would be the best investment options. + +Note that I'm in Luxembourg, so buying a property to rent is absolutely not possible because of insane prices, but on the other side there are no taxes on capital gains. That said it is likely that I would move to another country in the next few years (no target yet). + +Thanks for your help +Well, I decided to take the plunge. I started the partial transfer of my holdings in Robinhood to Fidelity. The bad news is that they sell off the fractional shares, transferring whole shares to Fidelity. I suppose the good thing is that there's a slight peace of mind with Fidelity that RH doesn't have. + +I just hope Fidelity makes it simple to DRIP like the way RH does. Plus, while it is painful to sell off the fractional shares, this could be a good incentive to reconsolidate my portfolio. Anyone got some tips for using Fidelity ? +Well, I decided to take the plunge. I started the partial transfer of my holdings in Robinhood to Fidelity. The bad news is that they sell off the fractional shares, transferring whole shares to Fidelity. I suppose the good thing is that there's a slight peace of mind with Fidelity that RH doesn't have. + +I just hope Fidelity makes it simple to DRIP like the way RH does. Plus, while it is painful to sell off the fractional shares, this could be a good incentive to reconsolidate my portfolio. Anyone got some tips for using Fidelity ? +As the title suggests I’m looking to secure money as emergency fund. If I have the money in my savings account then I’m scared I might just spend it. I am also slowly starting to invest a part of my money in bits in MFs, RD, Insurance. How do I save money for emergency which can be easily available in case of emergency? Any tips and guidance is highly appreciated. + +Thank you in advance. + + +Note: please ignore any grammatical mistakes/ typos +I was only in my early teens when the last recession happened so don’t really remember anything to do with it. All I know of it was the big bad it was made out to be retrospectively by press (I’m sure it was at the time too but I wasn’t paying attention to press then!) and the usually mentioned drop in house prices. But in real day-to-day terms, what impact should be expected from a recession? + +We’ve already had awful inflation, is this just more of what we’ve seen in the past few months but on a longer term or should we be bracing for things to get even worse? +My dad is looking to buy his first gas station. But, he does not want to run it. He wants to lease it out to an individual/company. + +When I search this up online, all I hear about is two options: + +1. Buying a gas station and running it +2. leasing a gas station and running it + +I am confused on the structure/relationship and would like some advice on this. + +I was wondering a few things: + +1. What factors should we look for while buying a gas station? + +I read checking for fuel leakage and running fuel storage on the property is a must. What else? + +2. How would I model this financially? + +If we are putting 20% down on a 2 mil property. 400,000 equity, 1.6 mil debt with 4% interest rate. Interest per year = 64,000. + +My research on the property shows it would yield 120K in cash flows. **But, I’m confused if that’s the case for running the entire gas station OR owning it and leasing it to an individual/company.** + +Assuming it’s for owning it and leasing it out, Earnings before taxes / Equity = 14% + +Am I doing this correctly? + +3. What are the disadvantages of owning the gas station but not running it? +4. what other questions should I be asking? + +We have experience in owning residential property but never gas stations. Insight into this would be valuable! + +If you believe I am asking for very basic advice, please let me know! I will do more research and come back with more specific questions. + +Thank you in advance! +Why GameStop & AMC Are Down After Hours + +Hedge fund managers are scared. They’ve never seen anything like what happened over the last few days. A single subreddit and its users created one of the greatest stock rallies in history. GameStop shares have more than 5 X-ed and AMC shares have gone up almost 200% in one day. + +They are shorting these stocks like crazy because they want to scare off investors. They are thinking it’s a classic pump and dump and they want to get rich. + +Here’s the thing. We the people have a voice. We can choose to buy in again at market open. If we all do so, then the stocks will have another stellar day. + +Keep buying. Day after day and week after week. +Stock by stock. We will show our voice and change many lives in the process. +Hello beautiful Apeys!! + +I decided to do some DD on Melvin just for the heck of it. + +I started at their [Wikipedia](https://en.wikipedia.org/wiki/Melvin_Capital). + +&#x200B; + +>During his time at SAC Capital, Plotkin was the recipient of illegal insider information according to federal prosecutors. Reuters identified Plotkin as the so called "Portfolio Manager B" in the **Securities and Exchange Commission**'s civil complaint against Michael Steinberg, a fellow SAC PM who was arrested on charges he traded Dell's earnings based on insider information. + +**Plotkin was allegedly forwarded several emails by Steinberg and others that contained insider information.** + +According to Kenny, Gabe is one of the best investors of our generation. And I agree! I would put him right up there with Martha Stewart and Nancy Pelosi. + +&#x200B; + +Something in the Wikipedia article caught my eye: + +&#x200B; + +>In September 2020 the name of company showed up in the Polish Short Sale Registry (*Rejestr Krótkiej Sprzedaży*) because of a short position in game developers **CD Projekt**, a net position of 0.55 percent through the Polish stock exchange (GPW) +> +>**They gained considerably due to the problems faced during the launch of** ***Cyberpunk 2077***\*\*.\*\* + +"Considerably" = $25 million according to [this article](https://www.fnlondon.com/articles/melvin-capital-hedge-fund-made-25m-off-video-game-cyberpunk-2077-flopped-debut-20201217). + +Let's take a look at the timeline, shall we? + +&#x200B; + +https://preview.redd.it/iupy8tm912h81.png?width=758&format=png&auto=webp&s=bad06a1708343f0d2d2253d0334ac616a92e04d6 + +Odd timing don't you think? + +The most hyped game OF ALL TIME is about to be released. Melvin starts shorting it and... all of a sudden it starts dropping??? This looks like Citadel's naked shorting to me. The timing is too perfect and that drop RIGHT WHEN MELVIN TOOK A POSITION....yet before release.. Just seems too perfect. + +So I just Googled "Citadel CD Projekt Red" to see what comes up and LOW AND BEHOLD the apes of 10 months ago to the rescue: + +(Edit: Removed link due to Automod. Just Google: "**CD Projekt RED, heavily shorted by Citadel before, +10% since friday... Is citadel exiting their short positions?"** with the quotes) + +Interesting. I predicted Citadel was also involved just because of the timing of the drop. And BAM there they are. + +Granted they may have been short later on. "According to official records". But we know all about how they can do shit behind the scenes without reporting anything til later due to exemption from 1940 Investment Company Act fuckery. + +It's just so obvious. + +https://preview.redd.it/y9dzn8ka12h81.png?width=670&format=png&auto=webp&s=7742e02d972c99b86dcd692b576daca3fc7005db + +&#x200B; + +Obviously price shoots up as FOMO sets in before release. Buy the rumor, sell the news. + +But what would make the price shoot up during the baby GME sneeze? + +&#x200B; + +https://preview.redd.it/lo6uqt5b12h81.png?width=675&format=png&auto=webp&s=606095bc1c7c2e9270e31e08e5f0b3f8fc4585fb + +Oh that was Melvin. *(I didn't know that as I was Googling shit. I just assumed. Side note: Funny how I make predictions on stuff and have hunches, then start Googling my actual hunch and find out that I was right.)* + +(Can't link due to Automod. Just Google: "**CITADEL EXITED CD PROJECT SHORT POSITIONS (0.5%) YESTERDAY!"** with the quotes\*\*)\*\* + +This feels more like a margin call rather than a voluntary short exit. BUT AGAIN I'm a monkey who eats crayons so idk about anything. Discuss in the comments and help me understand. But this is just where my mind goes. + +Because it kept dropping. Citadel's naked short machine was still going. Citadel didn't close anything on CD Projekt Red til March. Obviously they're all in on it and talk during golf games.. So Gabe would have been **told not to close** til they dropped it where they wanted.. *(To be fair, Cyberpunk's flop really did fuck up the stock's price. It wasn't JUST Citadel naked shorting it.* ***But that's even MORE reason to let the shorts ride, no?****)* + +Why close on *that day specifically?* + +I get that they had announced they "closed out all their public short positions" around that time. \*Cough bullshit cough\* But why this one? It was profitable. It was continuing to drop. The other ones they were losing on. Fine. But this one, after the release of Cyberpunk, it was obvious the stock would continue to drop. + +So why close it if you weren't in deep dog shit and overleveraged on shorting GME and absolutely needed every penny to survive "one more day"? + +I believe Gabery Plotkin received insider information on the development of Cyberpunk 2077 and that it was going to be an absolute nightmare, which prompted the short position in the first place. + +(Can't post link due to Automod so just Google: "**CD Projekt and Melvin Capital short position in Poland.**" with the quotes.) + +These guys in CD Projekt Red's subreddit were saying the same thing last year. + +[u/spreadsnbets](https://www.reddit.com/u/spreadsnbets/) commented\*\*:\*\* + +>**I want hear the rationale behind their position. I've covered the last 5 consecutive years for an investment pitch and I've didn't find any signs for a failure, simply nowhere. I am pretty sure they had some information that retail investors did not have. Simply can't explain it to myself. I mean, I have some assumption but I dont want to dive to deep into this right now.** + +Oddly enough that post was a day before Melvin closed on CD Projekt Red and shot the price up. + +I was so hyped on this game, as was everyone else. There was no bear thesis here. + +It's Cyberpunk's demise that clinches the "insider info" thing for me and proves that GME is the reason they closed. + +If no other reason, the timing of this specific short position makes literally no sense unless you KNEW it was going to be a flop. + +AND the timing of closing the position makes no sense unless you were being margin called on something else \*cough GME cough\* and had to save yourself. + +So here's my theory.. + +Gabe gets info on Cyberpunk's development. Probably has inside info on all his other shorts as well. Inside info on GME because sleeper agents. RC comes in. Burry comes in. Reddit comes in. + +People start buying GME. Gabery gets margin called on GME. Gabery forced to close Cyberpunk shorts even though he's making bank on it to pay for one more day of GME. + +Forced to close other shorts as well. Kenny injects cash load. + +Still not enough. Boat sinking. Everyone's sinking. It's going EXPO-FUCKING-NENTIAL. + +The entire system starts collapsing. They all get together and say SHUT OFF THE FUCKING BUY BUTTON and let's reorganize the system for a second because if we don't, we're all going down. + +And you all know the story from there. + +This to me is just one more piece of the puzzle that helps prove it, in my opinion, and I thought I'd share it. + +**TL;DR: Based on the timing of Melvin's opening of a short position in CD Projekt Red, and the timing of closing it, it looks like Melvin had insider info on the development of Cyberpunk 2077. AND the reason they ended up closing on CD Projekt Red was to stay in on GME.** + +*None of this, nor any of my previous posts are to be considered financial advice. I am not a financial advisor, I'm a moron who Googles shit and makes predictions on the data I find. The fact that all my predictions and assumptions ended up being true on some scale doesn't mean that future ones or this one will as well.* +Hey guys, European guy here (so sorry about my bad English) + +From my perspective, it looks like the US investors have a huge geographical bias regarding their stocks, most of them buying almost only US stock and therefore being undiversified geographically in their portfolio. + +Right now, the data I gathered seems to show that the US stocks have an average P/E pretty high around 19, when the MSCI world EX US seems to be closer to a 12-13 P/E. + +For me being a French speaker investor, almost everybody talks about Air Liquide for instance (which is the company holded by the most individual investor in the world apparently, with 32% of it's stock being held by individuals, which is.. Huge, and a good point to look for I think which is almost never discussed). + +Which is why, by curiosity, I'm asking to you US investors what are your take on investing outside of the US ? What do you consider value stock outside of the US ? Which ones are the best for you ? What stocks are you American looking for in Europe and in the rest of the world ? I'm really curious about your POV ! +Hey everyone, I wasn’t quite sure what sub to ask this on but this one seemed the most appropriate. The title kind of says it all. I’m 20 years old, relatively fit and getting better everyday, no real close friends, pretty disconnected from family, and no SO (not that I’m here for the pity party). I’m going to a community college currently and I’m almost finished with an AA in Psychology. Took me a couple years but I don’t think college is really for me. I’m currently working a minimum wage job with no chance of a promotion (my boss said that herself) and it gets me just enough to put gas in my car and occasionally get a decent meal. I remember in high school we’d always have military people over basically saying you can find your purpose in the military. Would a military career work out in both short term and long term? Just looking for any advice at this point. + +I’m on mobile so sorry for any mistakes. + +Edit: Well this got bigger than expected haha. I just got off work and I want to thank everyone who took some time to help me out. I got a ton of messages, I’ll try my best to respond to each one. Thanks everyone, for the advice and words of wisdom. I have a lot to think about to say the least. + +Edit 2: Just finished reading the last of the messages I got, I really appreciate everyone that took some time to message me and offer advice. Thank you to everyone who shared their story and experiences with me, and thank you for your service. I still need to look into what job specifically I want to do, most people said to look for one that would be useful in the civilian sector. I definitely plan on continuing my education, especially if the benefits help cover it. I’ll spend my day doing some research, responding to some messages, and looking for recruiters. Thanks everyone. +I'll keep this short and to the point, because i'm fucking sick and tired of scrolling through WSB this morning seeing people talking out their ass. This is the stock market, not the GME market. GME is not the only stock that exist. We all have the same sentiment that apes together strong and we will hold GME. With that being said, NOT FUCKING EVERYTHING IS A PLOY BY HEDGE FUNDS TO GET YOU OUT OF GME. This rocket squeeze was created by CEO, the CEO of rocket has done amazing things with the company, and their balance sheet is impressive. He hates shorts as much as we do, so he decided to do something about it by essentially creating a gamma squeeze. Rocket was a really good play, especially with options. We don't need to discredit good plays just because they are not Gamestop. + +Edit: Thank you guys for all the awards +Inspired by the thread about Australia's future posted yesterday, what countries do you see having a significant impact on the world economy? India and China will definitely be leaders, but what about post-Brexit UK, France, Russia etc? Would love to hear your thoughts! +Can anyone link me an Algotrading guide that goes in depth about all the terminology and how to get started? I want to start algotrading but don't know how, what to use what to invest in, etc. Just basics, thanks. +It’s become a common piece of advice throughout here that startup equity is likely worthless because most startups fail. + +Yes…in the first year, but many of these businesses being discussed are hardly early/seed stage startups. One recently referenced had raised a Series E. That’s likely $100M+ a year in revenue. + +The failure rate for companies that raise a Series B is about 1%. Now these companies don’t ALL go public, but there is equity that is bought at the sale of these businesses with some value. + +I totally agree that you shouldn’t be reliant on a company to IPO when evaluating job opportunities but to totally ignore an asset that’s key to your comp plan and fatfire goals feels elementary. +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. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +I once was so low on money and was waiting for a paycheck to clear, that I had to call out sick at work and sit at home with a dry washcloth in my underwear because I had no money to buy pads or tampons during my period. Since then, whenever I have a bunch of change to turn into bills or 5 bucks in my pocket, I buy a random on-sale box of pads or tampons, so I'm ready in case I have no extra money when my period hits. This can also be done with soap, a quality deodorant, or a toiletry that you don't buy regularly. + +Edit: Due to medical reasons and much trial and error, I myself do not use a Diva Cup (I use the heaviest flow OB non-applicator brand of tampon instead), and I can't take hormonal birth control. These are all great things, but they just don't work with my body and pre-existing conditions. But I'm glad everyone is posting tips! +I marked this as humor, because there is no flair for "horror" or "nightmare tenant". + +Below I linked to a listing of a rental property in Colorado Springs, CO that has all the hallmarks of a confluence of shitty property management, hands off land-lording, and a horrible tenant. + +[Watch the video tour on this listing...](https://www.redfin.com/CO/Colorado-Springs/4525-Churchill-Ct-80906/home/34515765?utm_medium=share&utm_source=web_share&utm_campaign=copy&fbclid=IwAR20EVWzncmVHJEkSBfV2XpXBA1bpuS-5hsX2w-W1645WdpEHI9jxsz7xrE) +Probably gonna get down voted to high hell, but whatever, here goes. + +The constant spread of "oh there's gonna be a dip after positive earnings" bullshit is backhanded FUD. So fucking what if there have been 2 before, the simple fact of the matter is that no one has a crystal ball and can predict the future. + +I sure as hell bet there are people itching to sell now and buy in lower on the premise that there has been a dip after earnings in the past. Don't be manipulated into this shit. + +Stick to your guns, buy and fucking hold, it's as simple as that. + +**Don't** fucking buy, hold, sell, buy lower and then hold. Because if you do, **then you are part of the problem and you're fucking day trading so I hope you get burnt.** + +This is fair warning, no ape knows what the fuck is gonna happen. +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! + +Hello! + +I'm currently beginning my studies as an economist at a large European university. I hope to one day work in the field of Venture Capital, but so far it's down to basic theory and studies. + +My question is if there is any relevant programming knowledge that would've been nice to obtain if I want to work in the field? I see that python is quite useable but is there anything that might not be done by Excel? Should I spend my time learning basic programming for economical purposes to enhance the practical work in economics or I'd better channel my time in one direction? + +&#x200B; + +Thanks in advance for your answers and advice! +Hey there! I'm a bit of a crypto geek, been in this game for a long time. +I only try to invest my valuable ETH in actual use case projects that offer something new. +So here is my moonshot. +I'll try to make this write-up as simple as possible but excuse the "long read" below, It's a very interesting one. + +Using blockchain technology to make GPS obsolete. (or work alongside it) + +Far fetched? **No.** + +**"So what is** [**$**](https://imgur.com/a/aixCgra)[**FOAM**](https://blog.foam.space/foam-map-user-guide-for-the-ethereum-mainnet-1e5be52e294f)**?"** + +FOAM is an **open protocol** for **proof of location on Ethereum**. Their mission is to build a **consensus** **driven** map of the world, empowering a **fully decentralized web3 economy** with **verifiable location data**.**FOAM** incentivizes the infrastructure needed for **privacy-preserving** and **fraud**\-**proof** **location** **verification**.The starting point for FOAM is **static** **proof** of **location**, where a community of Cartographers curate **geographic Points of Interest on the FOAM ma**p. Through global community-driven efforts, FOAM’s dynamic **proof of location protocol** will enable a **permissionless** and **privacy**\-**preserving** **network** of radio beacons that is **independent** **from external** **centralized** sources and capable of providing **secure location verification services.** + + +“At FOAM, we believe people should own their personal information, controlling when and with whom they choose to share their location. Our team is committed to solving this, building spatial protocols, standards, and applications that offer a higher level of security and more resiliency than conventional geospatial technologies. With our recent work on the [Crypto Spatial Coordinate](https://blog.foam.space/crypto-spatial-coordinates-fe0527816506) standard and Spatial Index visual block explorer — powered by our open source [purescript web3 library](https://blog.foam.space/purescript-web3-release-631b16bec7a) — we introduced some of the essential components we will be using to develop FOAM’s core project, a decentralized protocol for **Proof of Location**." + +**Features of FOAM Proof of Location** + + 1. Trustless: Byzantine fault tolerant clock synchronization + 2. Independent: Does not rely on GPS + 3. Open: Anyone can utilize the network or offer utility services + 4. Accountable: Economics structured to ensure honest behavior, verified with fraud proofs + 5. Incentivized: Service providers remunerated for extending localization and verification zones + +The purpose of this post is to introduce many of the problems posed by insecure geolocation and to offer insight into their solution: a Proof of Location system that maintains [Byzantine consensus](https://filecoin.io/power-fault-tolerance.pdf) throughout a distributed network of synchronized clocks, while creating markets for local generation of triangulated positional data. + +However, before I describe the design of FOAM’s Proof of Location protocol, I will first make a case for why a system like this is needed. + +# The Vulnerabilities of GPS + +GPS is the world’s premier Global Navigation Satellite System (GNSS), consisting of 31 satellites launched by the U.S. military and made available for civilian and commercial use.GPS has become a ubiquitous tool, recently dubbed as “[The Technology That Envelops Our Cities — and Brains](https://www.sidewalklabs.com/blog/gps-the-technology-that-envelops-our-cities-and-brains/)” by Alphabet’s Sidewalk Labs. + +What may not be immediately apparent, is that GPS technology works through time as much as it does space. Inside each satellite is a high-precision atomic clock, which syncs regularly to master control stations on the ground. GPS receivers, common in today’s smartphones, must pick up time-stamped signal data from a minimum of four overhead satellites. By using timestamps to calculate the time of arrival, a receiver can calculate a triangulated position. + +Don't be fooled, GPS is incredibly reliable, so much so that we have collectively become dependent on a functioning geopositioning system. + +However, problems and attack vectors with this system have become increasingly evident. Recent articles are highlighting how[ the entire global financial system depends on GPS](https://qz.com/1106064/the-entire-global-financial-system-depends-on-gps-and-its-shockingly-vulnerable-to-attack/). The **New York Stock Exchange** (GME 🚀) uses GPS to time **automated computer trades**, **ATM’s** and **credit card** transactions require **location data,** even the **electrical grid** relies on **GPS synchronized time stamps** to deliver electricity without causing power surges, not to mention the **transportation**, **navigation**, and **mobility** use cases of the technology. + +Civil GPS is **unencrypted**, it has **no proof-of-origin** or **authentication features,** and despite dire warnings in the mainstream since [at least 2012](https://www.ted.com/talks/todd_humphreys_how_to_fool_a_gps), the system remains extremely susceptible to fraud, spoofing, jamming, and cyberattack. + +**In sum, the issues with depending on GPS for verified location are:** + + ·A Single Point of Failure, centralized + ·Does not penetrate well indoors or underground + ·Urban Density increases signal Multipath + ·Energy intensive components are not suitable for devices with long maintenance cycles + ·Susceptible to signal jamming + ·Spoofing, i.e deceive a GPS receiver by broadcasting incorrect GPS signals + +# FOAM Token Functionality + +**Add and Curate Geographic Points of Interest**The **FOAM** **Spatial** **Index** **Visualizer** allows Cartographers to participate in **interactive** **TCR** **POIs** on a map. Users can **add** **points** to the **map**, **validate** **new** **candidates** and **verify** **the** **map** by visiting real-world locations. The **FOAM** **Token** Curated Registry unlocks mapping in a **secure** and **permissionless** fashion and allows locations to be ranked and maintained by **token** **balances**. Users can deposit **FOAM** Tokens into POIs on the map to increase attention those POIs might receive. + +**Signal for Zone Incentivisation**Further potential use of the **FOAM** **Token** by Cartographers is to stake their **FOAM** **Tokens** to **Signal**. Signaling is a mechanism designed to allow Cartographers to incentivize the **expansion** and **geographic** coverage of the **FOAM network**. To Signal, a Cartographer stakes FOAM Tokens to a Signaling smart contract by reference to a particular area. These staked tokens serve as indicators of demand, and are proportionate to (i) the length of time staking (the earlier, the better), and (ii) the number of tokens staked (the less well-served areas, the better). In the context of the contingent Dynamic Proof of Location concept (described further in the Product Whitepaper), these indicators are the weighted references that determine the spatial mining rewards. + +**Contribute to Potential Secure Location Services as Zone Anchor or Verifier**The **FOAM** protocol may allow users to provide **work** and **secure** **localization** **services** and **location** **verification** for **smart** **contracts** and be rewarded for their own efforts with new **FOAM** **Tokens** in the form of **mining** **rewards**.**Devices** and **real**\-**world** **contracts** can be **programmed** to **designate** **attestations** and **track** **interactions** and **transactions** **on** **the** **map**. With the addition of necessary radio hardware by individual users and the grassroots expansion of the **FOAM** **network**, it may be possible for location status to be proved in a different manner. Location could be proved through a **time** **synchronization** protocol that would ensure continuity of a **distributed** **clock**, whereby **specialized** **hardware** could **synchronize** **nodes**’ **clocks** **over** **radio** to provide **location** **services** in a **given** **area**. + +# Quick Overview: + +**Current Price:** [$0.082](https://www.dextools.io/app/uniswap/pair-explorer/0xd9d39540d61f8d6eb2ee7eedfae93cc09cc24f0e) + +[Buy On Uniswap](https://app.uniswap.org/#/swap?inputCurrency=0x4946fcea7c692606e8908002e55a582af44ac121&amp;amp;outputCurrency=ETH) (also verified on Zerion.) + +[Website](https://www.foam.space) | [Twitter](https://twitter.com/foamspace) | [Medium](https://blog.foam.space) | [WhitePaper](https://www.foam.space/publicAssets/FOAM_Whitepaper.pdf) | [Technical Paper](https://github.com/f-o-a-m/public-research/blob/master/FOAM%20Techincal%20Whitepaper%20Draft.pdf)| [Github](https://github.com/f-o-a-m/) + + +[Check it out for yourself on your own! Only works on pc](https://map.foam.space/) + +UPDATE: [#9 top gainer on Zerion! 🚀 (Top 3 soon?)](https://imgur.com/a/Y8Xelya) +That quote is from [this article](https://www.abc.net.au/news/2022-04-06/superannuation-savings-retirement-quality-aged-care-budget/100967828) from the ABC, and was wondering if that's most people's experience. My preservation age is 60 but getting access to my super five years earlier would make a huge difference to me. If the article's line is accurate, are the government in the wrong to have increased the preservation age? +Just wondering what people here see on returns. I love research and am an analyst but don't have a business background. I could see myself setting up my own VI/gambling portfolio but to do it well, I'm skeptical I could possibly beat the market and capitalize on the time suck enough to make it worth it. +I own a large amount of land in a area considered rural that it is about 30-40 minutes from a major US city. When I say rural I mean no grocery stores, gas stations, schools. My goal would be to turn this town into a commuter city for said major city. It has been tried before but the crash of 08 put a stop to it. I am also in partnership with the group that owns the most land in the entire county which includes this town. My thought process is that bringing a school there is what Im missing to entice families to move there. Just wanted to see how anyone would go about this? Would you petition for or build a school then begin developing commercial and residential spaces or vice versa? +I’m 36 years years old with $9,200 passive income coming in monthly. I have $346,000 in the bank I’m hoping to transfer into Euro’s when the dollar grows stronger. I’m holding out hoping to reach .90 or greater. My plan is to divide the money by 1/3 or 1/4 transfers that way I end up with an average. + +The bulk of my passive income comes from owning rental property. I know that’s really frowned upon here on Reddit. I earned the VA loan by going to war. I then lived extremely frugally for 10-15 years and bought places I fixed up myself. I have tenants that I’ve only raised their rent $100 in the last eight years. I’m not saying everyone should have to go to war but the thought process that I’m some monster isn’t accurate. I also had tenants abuse the eviction moratorium and stop paying so they could buy a house. + +My short term goals are to find some property and build it up like a resort. I want a huge outdoor kitchen, ponds, projector for watching movies at night, several cabins, a wood and hobby shop, and other amenities. The plan is to build my home or maybe even restore a ruin so that it’s energy efficient and reliant on things like solar panels and natural water sources to keep bills low and be more eco friendly. I have no idea what I’ll find yet but the process of having all these amenities will likely take years and I will be doing the bulk of the work myself. + +I’m not familiar with Portugal at all so I plan to spend the next several months to a year traveling around and figuring out where I want to buy property. + +Since firing several years ago my biggest obstacle has been staying busy. A day where I don’t accomplish anything is hard on me. I’ve been able to fill the void with traveling and wood working hobbies. I’ve also built a few homes from the ground up. I would like to build this home in Portugal so that I’m still able to travel when I’d like. How great would it be to spend winters in Vietnam? Im also considering building nice accommodations for people who want to stay and have bills paid in exchange for basic upkeep. Something like a WOOFing program. + +I spent several years traveling around the world and figuring out where to live. Why Portugal? Access to the rest of Europe, the D7 Visa, great food, culture, weather, lower cost of living, low crime, friendly people, English is widely spoken (I plan to become fluent in Portuguese), tons of history, outdoor activists etc. I’m so happy to be here! + +Interest rates are really good in Portugal so I’m less inclined to pay cash for the property. I’m honestly not sure what to do with all the money sitting in the bank. I’ve always wanted to invest in stocks but I’m afraid to gamble. Maybe ETF’s? + +If anyone has any questions I would be more than happy to answer. I would also love some input and advice! + +Edit: I’m going to try and reply to everyone. Just give me a few to catch up! Thank you for your interest and those of you sharing advice! +Front page of coinmarketcap right now... Almost 98% of coins are GREEN. How the FUCK is this shit possible and how the FUCK is it sustainable? At what point does the bubble burst? Put your money into any random alt shitcoin and it's bound to go up. This is scaring the fuck out of me... About to move everything into ETH. +I am young (19yo) and recently moved home with my parents after losing my job due to Covid. I am not in college and do not plan to attend this year, I stumbled into a new job this Summer. This was my first sales job it is entirely commission with no salary, I am easily 20 years younger than next youngest salesperson but I have become very good (I am top salesman in company for past 3 months). Being a commission-only pay structure my pay varies but I average around 10-15 thousand a month net with my worst month being only $6k and my best being $22k. It is the most money I have ever made and something I never expected to find not being in college. Plus I actually genuinely enjoy the job, it comes very naturally to me and I don't feel at all burnt out I enjoy all of my coworkers and consider them friends. + +My predicament is that I work a lot, typically 6-7 days a week often starting an hour early and being the last guy to leave. Basically I have just buried my head into this job and tried to sell as much as I can. I have next to no life outside work which has been fine for this year though it can be exhausting. I definitely have been feeling like I need a break. + +Then an old girlfriend came back home from college and we reconnected. We spent one weekend in an AirBnB and I think we both fell for each other again, she was always sort of the one that got away as she moved away for college in Hawaii this last year. I've always wished her and I had gone further. Anyway her and I have been seeing a lot of each other for past 2 months and for the first time I have felt very happy about something other than a paycheck. But she is going back to Hawaii soon. She has asked me to move back with her and I have told her that I would love to. She has her own apartment in Honolulu which her parents pay for, I could live there with her rent-free + +I hate to turn down an opportunity like this for something stupid like a job but this is a very well paying job (my company is known for having best pay structure and overpaying its salespersons). Everyone has hinted that I will soon be a manager and that is likely on the horizon for me within the next year should I decide to stay with this company. As much as I do like this job and like the pay I cannot see myself doing it for the rest of my life, my goal was to some day go to college and after to save enough to go on to start my own business. + +&#x200B; + +Do I leave this ridiculously well paying job with endless opportunity for growth and learning this industry to be with this girl or is that just silly? Or is it more silly to put something like a job and money before a once in a lifetime opportunity to follow a beautiful woman to live with her in Hawaii when I have no kids, mortgages, or obligations demanding me to earn? Has anyone here faced a similar choice or made a similar decision between choosing adventure/romance versus financial success? What should I do and what else should I consider? + +&#x200B; + +ALSO: If I do leave the job there are about $10-12,000 in commission I will not be paid due to the deals not closing until later this Spring. There may be a chance a coworker can take over the accounts and will still kick me back some but I risk leaving that much money on the table. +I write this with a heavy heart, but I want to commemorate my father somewhere he can truly live on. + +My father was 57 years old, and had a lot of issues. Nobody really thinks about all the good things until someone is gone. My father wasn't a man of means, but during the early stages of my childhood fought hard to provide us an amazing life. And did so without ever really letting us know. + +After a divorce from my cheating bitch of a mother, after multiple back issues, multiple surgeries, and multiple risks to his day to day life, I think he just went downhill. + +I haven't gotten an official answer from the coroner since he's over 3 states away and it's all being communicated mostly through texts with his girlfriend right now, but honestly I'm not sure I want to. + +I came here to say, my father believed in me with all of his being. When I told him I owned 4 shares of GameStop and that it was way over priced when I bought it, he just told me how proud he was. Pretty convinced he didn't even know what I was saying. But in that same way he believed in me, he believed in every single one of you too. My father would've loved this cause and would've rallied with us till the end. + +I had a cool ass dad and you guys all deserve to have a cool ass dad too. He believed in me, and he believed in you too. Whether you're winners, or losers, or damn dirty apes. + +We love you dad. Thank you for believing in us. + +Edit: +1.)Thank you to everyone who has left me their condolences. Believe it or not, I attribute a lot of my ability to move past some of this because of your support. I don't have a great relationship with a lot of other members of my family, and my girlfriend has been great at supporting me through this as well. + +2.) Thank you for all the upvotes, even if you didn't leave a comment. I don't really care about the karma (as I pointed out to a few rude people here), but seeing that so many of you got to read the thread and appreciated my dad the way I did REALLY means a lot. Thank you for that. Also want to point out that I have been taking all of the coins I got from the awards (That I ALSO didn't really care to receive but they manifested nonetheless) and giving out awards to members of this subreddit for all of their devotion to the cause. + +3.) I didn't realize I would be the one executing my dad's estate however after I wrote this post I started becoming inundated with calls and text messages from funeral homes, coroners office, investigators, and family members. To anyone who has not gone through this process before I would advise you to have the hard conversation with your parents and ask them what their final wishes are. While my father ( dubbed "poppawallstreetbets" by another user here) didn't really have much in that department I believe we have put together an arrangement he would be happy with. We will be having him cremated(which at least that part WAS vocalized), flying out to his home town in Carpenteria, California, and having his Ashes spread along the pacific ocean where he spent his younger years surfing before injuring himself. I have done my best to invite as many of his friends and family as I can. But for anyone in the immediate area, I invite you to attend as we finalize more of the details over the next 2-3 months. + +Again, thank you all for your support. As I see on here frequently, Ape Strong Together. Now let's get to the moon and see my fuckin pops and make him proud! +So yesterday I posted about **FINRA ADF** showing up as the primary exchange for GME trades over the past 6 trading days (and likely much longer). The thing is, FINRA ADF is not currently in operation... + +[https://www.reddit.com/r/Superstonk/comments/muzj4o/finra\_webmaster\_no\_brokerdealers\_currently\_using/](https://www.reddit.com/r/Superstonk/comments/muzj4o/finra_webmaster_no_brokerdealers_currently_using/) + +u/koreanjc had a great post about this a little over a week ago [FADF - A Dark Pool](https://www.reddit.com/r/Superstonk/comments/mpebkz/sells_through_the_major_exchanges_buys_through/) + +While looking into this, I realized that the GME Bloomberg Terminal data is missing between 31.4% and 38.9% of GME daily trading volume from 4/13 - 4/20. + +That's **19,411,389 missing bananas** over just 6 trading days. Only 70 million GME-issued bananas are supposed to exist... + +If you add up the **total missing volume** \+ **ADF volume**, you will see that **over 69%** of GME bananas are being reported as trading off exchange (FINRA ADF, which is reportedly not in operation - again see my post from yesterday), or completely missing (a deeper, darker pool that even Bloomberg can't see?). + +**40,126,778 GME bananas** were traded over 6 days, and even Bloomberg, which costs $24,000/year, has no idea where they are. + +I'm not a finance guy, or a stock guy - I'm an ape. I can't really do math, but luckily Excel does the math for me. + +I don't play options, but if I had call options for 4/16 or 4/23, which are each worth thousands and thousands of dollars, I would certainly want to know what unknown entity is keeping the price of GME at this $160 threshold by hiding **40,126,778 bananas** from making their way to the exchanges. + +&#x200B; + +**TLDR** \- each day, over **69%** of GME bananas are either missing, or being routed through "**FINRA ADF**", which is not currently operating. Someone is hiding your GME bananas to artificially manipulate the GME stock price from mooning. The rocket is fueled for take-off. Can anyone find out what is going on with the missing bananas? + +&#x200B; + +[Data from Bloomberg vs Actual Daily Volume. So many missing bananas...](https://preview.redd.it/l99esaqx6ku61.png?width=1202&format=png&auto=webp&s=ae83b5e7419aee5d21c56d1b9097547256292c66) + +[Missing bananas? 3\/24 Tweet from DFV \(sorry for the Play icon\)](https://preview.redd.it/ngb10due3ju61.png?width=572&format=png&auto=webp&s=7bf37a2fcedac225ed3f4ad85a4e53cf4d6c5a5e) + +[DFV Tweet](https://twitter.com/TheRoaringKitty/status/1374710669321379846?s=20) from 3/24 + +&#x200B; + +[4\/22 will be Wild after green reversal?? Had to include it...](https://preview.redd.it/eu1jd5kt3ju61.png?width=115&format=png&auto=webp&s=826018eb1c3d7ddd74c1491f42479092c12b4faa) + +[DFV Tweet](https://twitter.com/TheRoaringKitty/status/1380611475757236226?s=20) from 4/9 + +&#x200B; + +Thanks again to u/Ravada for the daily Bloomberg Terminal drops. All Bloomberg images were taken from his posts. + +**Bloomberg Data** (just look at the middle of the screen for FINRA ADF and Total Volume): + +[4\/20 - 1,802,127 missing bananas + 1,431,221 through ADF = 69.4&#37; of daily volume](https://preview.redd.it/sx63arftyiu61.png?width=1914&format=png&auto=webp&s=0076326f40b790d15864bcde4fb70799d179e3cc) + +[4\/19 - 3,900,530 missing bananas + 3,425,731 through ADF = 69.6&#37; of daily volume](https://preview.redd.it/8gx474l8ziu61.png?width=1917&format=png&auto=webp&s=e2a935951a7279fd3766248c36c2ffb6e8bc641c) + +[4\/16 - 2,031,239 missing bananas + 1,783,408 through ADF = 73.1&#37; daily volume](https://preview.redd.it/ep3s2xwgziu61.png?width=1916&format=png&auto=webp&s=7b0689af51c054df7604bde3091433c46df61788) + +[4\/15 - 2,640,551 missing bananas + 2,935,255 through ADF = 70.9&#37; daily volume](https://preview.redd.it/ai2hd7zpziu61.png?width=1917&format=png&auto=webp&s=97d05ee07b8b58bda58c9dda363e94890d55f801) + +[4\/14 - 6,641,202 missing bananas + 8,792,903 through ADF = 73.0&#37; daily volume](https://preview.redd.it/thtw1hjxziu61.png?width=1918&format=png&auto=webp&s=2b9464859b6c8c64c63ab270e095145ac659bffd) + +[4\/13 - 2,395,740 missing bananas + 2,346,871 through ADF = 69.6&#37; daily volume](https://preview.redd.it/vmyusr240ju61.png?width=1918&format=png&auto=webp&s=5f0ee235649298692a0f7f4b440ed350e3855739) + +**Edit 1**: Daily GME Volume + +[Source: nasdaq.com. Why is the actual daily volume so much different than reported Bloomberg volume? Where are the missing bananas?](https://preview.redd.it/xmdt1gno6ju61.png?width=678&format=png&auto=webp&s=7c721c4ce442ca8d63f34c498a67b2109de57373) + +**Edit 2**: Edited the Excel sheet to reflect the Nasdaq daily volume (I had used a different source, which had slightly different Total Volume data). + +The total missing bananas **increased** from 19,285,389 to **19,411,389**. Also edited the missing banana data for each Bloomberg terminal to reflect Nasdaq. Thanks u/2008UniGrad + +&#x200B; + +**Edit 3**: Added Bloomberg Terminal from 4/21 (below) and added updated Excel sheet to reflect 4/21 data (also below). Updated total missing bananas to reflect 4/21 data. + +**Total missing bananas** for last 7 trading days = **20,798,855 bananas** + +**Total missing bananas** \+ **ADF** for last 7 trading days = **42,644,089 bananas** + +[4\/21 - 1,387,466 missing bananas + 1,129,845 through ADF = 66.5&#37; daily volume](https://preview.redd.it/df9izysqdlu61.png?width=1915&format=png&auto=webp&s=a5960f70a1fa3f1f1af5c7e8f0fc20c084083241) + +[Data from Bloomberg vs Actual Daily Volume. Added 4\/21 data to running total from last 7 trading days.](https://preview.redd.it/d5x9s2haflu61.png?width=1198&format=png&auto=webp&s=bb42fd8003b3e1f93080a461520aeb11f55beeca) +Do you think it would be a very complex models with many many inputs, + +Or do you think it would actually be quite simple, as the ultimate complexity is simplicity itself? Maybe it is so simple but with just the right variables involved, like a BLT sandwich from the world's best chef. + +I wonder +I had a weird situation and to me if feels illegal. +I received a gift card for $200 and when I went to redeem it, I was advised that I couldn't claim the GST so basically if ai bought a $200 item, I could only claim $180 on the card and had to pay a further $20. + +I've never heard of this and it feels wrong. Thoughts/ advice? + +**Edit** +For those asking, the business is called "Bespoke Aquariums". + +I don't have the terms and conditions, it's at the checkout where you can't use the giftcard for your purchase. +Now i have to spend money for lawyer to defend my own money. + +my N26 account got blocked and terminated immediately without prior notice. Full message at the end. I had my account for 6 years happily and everything was going well. I assumed, they are international Bank for international transfers. Moreover i received criminal police investigating appointment suddenly. + +I have taken lawyer. It seems even insurance will not pay in such cases. + +\-------------------------------------------------------------------------------------------------------------------------------------------------- + + To ensure our customers’ privacy and account safety, we are obligated to run routine checks on accounts and transactions. + + +As part of these checks, we have identified irregularities that require us to terminate your N26 account pursuant to the Termination Clause of the Terms and Conditions of your N26 account on an extraordinary basis and without prior notice. + + +This termination is effective immediately. Usage of your N26 account, app, and card is no longer possible. + + +It is currently not possible to withdraw the remaining balance on your N26 account. Please send us proof of the origin of the funds through appropriate receipts. We will then assess whether a payout of the remaining balance is possible. This information may be emailed as a scan or photo. + + +If you would like to continue correspondence via email, we’ll need your express consent. Therefore, please reply to this email with the above information within the next 14 days and include the following statement: + + +"I authorize N26 Bank to email me my personal data". + + +Please note that you can revoke your consent to the transmission of personal data by email at any time. In this case, we will only communicate by post. It’s important to note that the transmission of your data by post is usually more secure. Please contact us for more information. + + +Thank you for your understanding. + + +One last thing—you’ll need to request your N26 data or your Statement of Fees information. You can request this for up to six months after your account closure, but we recommend doing it as soon as possible. + + +Kind regards, +Your N26 Team +Has anyone else FatFired as a couple, to become two full time stay-at-home parents? + +Background: Net worth \~$10M, married couple in mid 30's, expenses \~$120K/year, house owned outright, medium COL city. + +I quit my job at $5M net worth while my wife was pregnant with our first child, with a plan to spend around 6 to 12 months helping her with the baby, before looking for work again. A year later, my NW has increased to $10M, baby is 9 months old, and we're pretty settled in this lifestyle of being two stay-at-home parents with no work. I feel that we've hit "escape velocity" financially and I now have no plans to go back to work at all. The prospect of working no longer seems worth it to me, given I would be trading off a major amount of my time and energy to only gain only a moderate financial tailwind. I don't want to leave my wife to struggle all on her own while I escape for 8 hours per day for a non-essential income stream. + +Parenting feels like a very challenging and demanding lifestyle, and I'm not bored or depressed or anything. I usually get 2 or 3 hours of "me time" per day to catch up with youtube/reddit etc, do gardening, study a language, work on renovation stuff, and track investments. We also fill our time with things like going out for breakfast or lunch with our baby. Between us we still sometimes struggle with exhaustion and lack of sleep. It really makes me appreciate how hard it must be for a single parent to raise a kid (or a couple where one works). I've considered getting help from a nanny but I think all the work we put in ourselves is good for bonding with our baby and I get rewarded by the attachment and seeing him develop. + +Sometimes I feel shame about our lifestyle, and have thoughts like, are we lazy? Are we "idle rich", living a life of leisure? Subjectively it feels like we work hard, but on paper we have an easy life, much easier than others. Would other people make the same choice in my situation? I see a lot of people on this sub with higher NW who still operate businesses or work. + +I'd love to hear if anyone else has lived a similar lifestyle. Thanks. +Just out of curiosity, what have each of you treated yourself to upon receiving a promotion? + +For some context for my own situation, I’ve been promoted from 65k to 89k and I’ve decided I want a new phone as mine is falling apart. Looking at the iPhone 13, would be 1k or so out of pocket. + +I’ve seen many treats being a nice whiskey and the like, where do each of you draw the line? + +Obviously it’s very situational, thought it’d be an interesting topic. +I fucking love this investment. Watching the price dip and seeing the amount of positive memes and positive posts is just fucking glorious. + +It is so fun to be apart of. I feel so bloody privileged to be apart of holding a share of a company that SHOULD exist and WILL exist forever. + +The reasons to hold are massive. Individual and communal wealth incoming. + +Such fun times ahead. + +Dip the price to $50 already you fucking idiots +I know for a lot of people this is a given but I work an hourly job and I am still surprised by some of the snap judgements that I hear. There are always a handful of people who are trying to get work as much as they can, they will make themselves as available as possible and try and cover shifts for other people as much as possible. They often aren’t shy about how they need money and might not be in the best place at the time. + +What shocks me is when they aren’t able to take a shift I’ll hear chatter about how “they must not actually need money that much” or “they have their nails done/are drinking Starbucks/etc. so obviously their financial situation isn’t that bad.” + +What people don’t always realize is maybe this person hasn’t had a weekend day off in months. Maybe this person has a significant milestone that day. Maybe this person was given a Starbucks gift card and couldn’t sell it. Maybe their nails are always done because that’s the once a month get together they have with their mom and she pays for it. + +I get where the skepticism comes from but it’s always important to remember things aren’t what they seem, and people deserve to have days reserved to be off no matter what their financial situation is. You never know the backstory to everything so be kind. Assuming the worst doesn’t help anyone in these situations. + +I’m sorry if this is redundant to you. I just needed to get this off my chest and I hope that it may help somebody out there. +Hi all, + +I'm a little confused and wonder whether Reddit has the answer. I have a good job central London (~£120k/yr including bonus, consultant of some sort, many hours). I've started to look for houses to live long-term, and realised they are enormously expensive? (I guess this should have been obvious). +However, we are talking £2-3m for a 4 bed in eg Kentish town (not Mayfair). +Given my hours, I do not want a long commute. However I don't understand how sufficient people below [45] years old are able to afford these houses? Like, assuming you need to earn 1/4th of the value of the house (what I heard to get a mortgage), the only people who live in a house in zone 1/2 earn at least half a million pounds !?! + +Please enlighten me. Are these people 35 and still getting their parents to buy a house for them to raise kids? +Companies like INTC and HPQ are on my radar because their financials are good relative to their current price - judging purely from looking at the numbers. But when I think about these companies and how they performed over the years I'm just not impressed, and for HP in particular I'm worried it might be a dying company. I want to avoid Buffett's classic mistake of investing in IBM. + +How do you differentiate a company that looks like a deal on paper with a company that is slowly dying? + +I think I'll add these 2 stocks to my portfolio, but at a smaller % than normal because I just don't believe in them. I have a penalty that I give to companies I feel a negative sentiment towards which lowers the % they would have originally held in my portfolio. +&#x200B; + +[Banner submission by u\/NitroDildo](https://preview.redd.it/b8veyvpdblv61.png?width=4000&format=png&auto=webp&s=8a53cf543bedde9e0c88c57feed158723d55275e) + +# Good Morning Superstonk! + +\*Passes out green crayons to the class\* + +How about them after hours?! + +&#x200B; + +[Big fat green crayon in AH](https://preview.redd.it/ksrphy0y9pv61.jpg?width=960&format=pjpg&auto=webp&s=a506e249caefdc2d9011854a49f83449ef48e43d) + +Before we hand the banana over to Brick Tamland for today's top story, I want to make sure everyone has seen [u/atobitt's AMA update](https://www.reddit.com/r/Superstonk/comments/mz37ds/dr_trimbath_ama_questions/?utm_source=share&utm_medium=web2x&context=3). **The official AMA question thread** [is now live!!](https://www.reddit.com/r/Superstonk/comments/mzknu6/official_ama_dr_susanne_trimbath_phd_thursday/?utm_source=share&utm_medium=web2x&context=3)**.** + +u/atobitt has been an absolute champ and in addition to modding, finishing up HOC II, and just living life with a big ol' wrinkly brain, he has also been cramming Dr. Trimbath's Books to prepare for our [Superstonk Live YouTube Livestream](https://youtu.be/9rKS92zwh_o). Do you see how dedicated this guy is? I'm so proud we have people of this caliber serving this community on the mod team!! 💪🧠🦍 + +And speaking of Dr. Trimbath's book Naked Short & Greedy, I want to add links and clarify some information. + +[IPG](https://www.ipgbook.com/naked--short-and-greedy-products-9781910151341.php?page_id=21) is the North American Distributor + +[Spiramus](https://spiramus.com/naked-short-and-greedy) is the Independent Publisher (Which also has a chapter by chapter summary) + +&#x200B; + +[She is lurking 👀](https://preview.redd.it/ur5g2fqlbmv61.jpg?width=1079&format=pjpg&auto=webp&s=dc4a20bccc42895475a4c313aebc8e71095874a0) + +Please keep in mind as you peruse the sub, this week and always, that we are garnering some *highly esteemed* attention. And we deserve it!!! But we need to behave as the good apes do when Jane Goodall comes to teach. Don't you want to evolve to learn how to make crayon? Let's keep being excellent, reading, discussing ideas civilly, and evolving. Dr. T is watching. + +&#x200B; + +[Dr. T when she reads our sub](https://preview.redd.it/xkj494mgumv61.jpg?width=539&format=pjpg&auto=webp&s=2634aaa650b2e2743cf74143c534ca5851a4ca23) + +So with that, here's u/Bye_Triangle with today's top story. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Top Story- Gamestop Completes At The Market Equity Offering + +Yesterday was very exciting for everyone, that price increase was the perfect morale booster. Also a nice appetizer for what is likely to come next. Besides the pleasing price-action, something big was officially announced yesterday: + +Not only is GameStop now free from long term debt, but they have completed their aforementioned At The Market Equity Offering Program. + +&#x200B; + +" Why is that a good thing? Sounds like they just sold a bunch of shares? " - My wife's boyfriend + +Very astute of you to point out, well done. + +&#x200B; + +Well, this is a good thing for a bunch of reasons! First off, the capital raised from their ATM offering didn't go to paying off their debts, that was done with capital the company already had. GameStop sold their 3.5mil shares at an average price of $157 which means they raised a WHOPPING... $551,000,000.00 , All of which can go to funding all of the plans that Ryan Cohen and Co. have in store. Furthermore, the remaining debt that the company had, coupled with the concern over raising enough capital to actually pivot, were both key pieces of the remaining Bear-Thesis' for GME. With that out the window, there isn't any evidence that GameStop is bound for failure. + +&#x200B; + +So let's quickly review: + +\[✔\] Debt Free + +\[✔ \] Name recognition + +\[✔\] Amazing, Competent Leadership team + +\[✔\] Clear path forward + +\[✔\] Funding for transformation + +\[ \] CEO + CFO + +\[ \] Predatory Short Sellers in jail + +&#x200B; + +GameStop is looking so hot right now 👀 Looks like just a few more matters to handle. + +Though, with the debt crushed, the capital raised, and the newly selected (and highly talented) board on its way... I personally find it harder and harder to find the risk here. Just as our boy Cat Not-a-cat u/DeepFuckingValue saw, many, many moons ago, there is a lot of value in GameStop. + +Back to you, u/pinkcatsonacid + +[Papa Cohen is debt free and swimmin in tendies](https://preview.redd.it/6c0qtvxiqmv61.jpg?width=1500&format=pjpg&auto=webp&s=ee31696febeb078de715f769c1ff0b80e22cf5aa) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DTCC Liquidity test and the new SEC Filing + +So the DTCC performed a liquidity test yesterday, and they also decided the minimum fund deposit requirement needed to be lifted from $10,000 to $250,000. What does that mean? (Edit: Earlier version implied a direct connection between the 2. [These comments](https://www.reddit.com/r/Superstonk/comments/mzl0dq/superstonk_daily_04272021/gw1c4jj?utm_source=share&utm_medium=web2x&context=3) help explain the procedure in more detail.) + +This is an annual test (simulation), as outlined [here](https://www.dtcc.com/~/media/Files/Downloads/Clearing-Services/FICC/CCLF-Annual-Test-Reference-Doc.pdf). Basically it's a simulation of what happens to NSCC members if SHTF. + +Searching the DTCCs [Important Notices](https://www.dtcc.com/legal/important-notices?q=Capped+Contingency+Liquidity+Facility+Test&pgs=1), we can find out the following information on when they are usually held. Feel free to speculate in regards to the revert of dates back to April from August. + +Year Date + +2021 April 26th + +2020 August 31st + +2019 August 26th + +2018 April 23rd + +2017 April 24th + +There are two parts to the test, part 1 dates are above, where all members from the Government Securities Division (think treasury securities) and Mortgage-Backed Securities Division’s (think 2008) need to partake. + +The simulation of a member defaulting is performed in a non production environment (It won't affect any thing in the real world). + +Well the sim seems to me to have failed yesterday (LOL) and what do you know? We also got some shiny new [SEC Filings](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-005.pdf). + +Basically, hedgies have to keep more money in the bank to keep playing their games. And that money is up for grabs if they step out of line. (Plus a whole lot more). + +&#x200B; + +[All those minimum deposit requirements](https://preview.redd.it/xfv7a05v8nv61.jpg?width=726&format=pjpg&auto=webp&s=a5b9e1c8ef864ab9da9029f6142e875dd3ff57bb) + +# Automod Posting and Commenting Requirements + +Ok listen, it's hard to steer a tight ship while also allowing you drunk ass sailors to run freely around the place, so we have had to come to some pretty strict requirements, at least until after MOASS. I've seen a lot of mod-mail about this, so let's break it down. + +## Automod is currently set to do the following: + +* remove **comments** by accounts less than **30 days old** or with less than **250 karma** +* remove **posts** by accounts less than **60 days old** or with less than **500 karma** +* remove posts and comments that violate our banned word list (the message you receive will have the word detailed) +* some words are merely reported to mods since they are not always removable offensives (you won't notice this) +* remove text posts if they don't have a minimum of 250 characters (about one paragraph) +* change flair of "DD" or "Possible DD" posts to "Discussion" flair if they don't have a minimum of 2000 characters (about 8 paragraphs) +* remove comments if they are longer than 1500 characters (about six paragraphs) +* remove posts and comments that utilize cryptocurrency discussion unrelated to $GME - there are other subs for that and this removal stops a lot of spam + +[Don't have enough karma?](https://zapier.com/blog/how-to-get-karma-on-reddit/) Get out there and get to socializing a bit! 🦋 + +&#x200B; + +[No speaky](https://preview.redd.it/crns4cgy1nv61.jpg?width=640&format=pjpg&auto=webp&s=45e94e8c6f24f3eb4550184dc74cdf7b557cf5b0) + +We realize these rules kinda suck for some apes. That's why I'm providing the resources here to help you interact with the sub. But have you noticed how relatively quiet and peaceful it's been? That's because mods are working around the clock through some [crazy stuff](https://twitter.com/RedChessQueen99/status/1386463002363404290) behind the scenes to keep it clean. + +Pink Cats don't do drama and I don't think we need to go into detail here of why certain conversations have been limited or banned. Everyone is requested to bring receipts if you're going to make claims in your post. Just like I did in my post [Blowing my Diamond Whistle.](https://www.reddit.com/r/Superstonk/comments/ms6yvq/blowing_my_diamond_whistle_as_a_highly_visible/?utm_source=share&utm_medium=web2x&context=3) We want to run a respectable sub with trustworthy resources for all apes. + +&#x200B; + +**We operate primarily through modmail, so if you see something sus, say something.** + +&#x200B; + +As I said yesterday, I am reading through your comments, taking notes, and we are adapting to build a Superstonk platform that is **NON MONETIZED** and **RESEARCH DRIVEN.** I love this community and the only motivation I have is GME tendies and to see happy apes growing a wrinkle or 2. Also, THANK YOU SO MUCH for all the love yesterday. All the mods were overwhelmed with the love and support for the new daily format! + +&#x200B; + +This place is a gem. It's no wonder they try so hard to tear it down. 💎💎💎💎 + +&#x200B; + +https://preview.redd.it/km3w56dq4nv61.png?width=554&format=png&auto=webp&s=55b556e32fd6fa8eb96478021a5a8196b7b27d06 + +**Be excellent to each other!!!** + +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! + +&#x200B; + +[HODL](https://preview.redd.it/i1fn7ie26nv61.jpg?width=650&format=pjpg&auto=webp&s=77699b152a2e2aa13afa399ea8bee23474d37260) + +&#x200B; + +**Links you should read if you have time:** + +[**https://www.reddit.com/r/Superstonk/comments/mz7c7h/put\_anomalies\_pt1\_were\_127\_million\_synthetic/?utm\_source=share&utm\_medium=web2x&context=3**](https://www.reddit.com/r/Superstonk/comments/mz7c7h/put_anomalies_pt1_were_127_million_synthetic/?utm_source=share&utm_medium=web2x&context=3) + +**Links to socials:** + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +**Edits** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ +From an X and my fellow XX’s and XXX’s, thanks. + +And now for the automod: +Everybody wants a thrill / Payin' anything to roll the dice / Just one more time / Some will win, some will lose / Some were born to sing the blues / Oh, the movie never ends / It goes on and on, and on, and on / Strangers waiting / Up and down the boulevard / Their shadows searching in the night / Streetlights, people / Living just to find emotion / Hiding somewhere in the night / Don't stop believin' / Hold on to the feelin' / Streetlights, people / Don't stop believin' / Hold on / Streetlights, people / Don't stop believin' / Hold on to the feelin' +So in the US they talk a lot about saving for retirement (roth ira and 401k) but should I buy some sort of private retirement insurance if the government (Austria) already provides one? Currently I plan to invest everything in ETFs but maybe there's something better with less taxes that i should do? +My mother just joined the cannabis investors association ( [https://nicinvestors.com/about/](https://nicinvestors.com/about/) ) and told me about her investing plans. I know nothing about that particular market, but I'm very skeptical of this decision on her part. I sort of put it in the same category as bitcoin. I talked her down to starting with $1000 instead of investing $5k right out the door, like she was originally going to. I'm very hesitant to support her decision to pour what little money she has into something that is so new and probably quite volatile. Should I be concerned? What are some better alternatives for someone in my mom's situation? +Stop posting tweets of Jim 'dickhead' Cramer. He gets his Dick hard of the attention we're giving him. Ignoring him will hurt him the most. I don't want to see his stupid face in my feed. +There is no room for Cramer in Uranus. I sincerely hope that applies for everyone redding this. + +Oh yeah, Buy, hold, DRS. +Stop posting tweets of Jim 'dickhead' Cramer. He gets his Dick hard of the attention we're giving him. Ignoring him will hurt him the most. I don't want to see his stupid face in my feed. +There is no room for Cramer in Uranus. I sincerely hope that applies for everyone redding this. + +Oh yeah, Buy, hold, DRS. +#**Introduction** + +[G'day cunts and welcome back](https://i.imgur.com/mvJIybD.png). Its been awhile since my last comprehensive shitpost, but this is my official follow up to [The Missing Link of Next Investors](https://bit.ly/3eiMDYR), which I'd recommend rereading as a refresher for this one. Ironically, that post was a rather shallow, surface view of the Next Investor/S3 Consortium/StocksDigital entity. This one will be diving a lot deeper. + +One of the key points of my last post was that Next Investors are terribly non-transparent about who they are, how their business operates, and the exact nature of the relationships they have with companies. With this post, I want to provide a "DD" of sorts on Next Investors themselves. To my best ability, this will include the following: + +* A comprehensive history of the company. +* An extremely good estimate of the prices Next Investors charge for their articles. +* My findings and conclusions on "Predicting the Pump" +* Lessons we can learn from Next Investors. + +Fair warning, this is gonna be a long one. + + +#**[Disclaimer](https://i.imgur.com/sIllNTt.png)** + + +#**The Structure of Next Investors** + +As hinted before, we're going deep down the rabbit hole with this post. For those of you too lazy to re-read my first post, here is a [basic diagram](https://imgur.com/0H3EdOh) created by /u/jukesofhazard breaking down the structure of S3 Consortium. [LeMessurier Securities Pty Ltd is the sugar daddy](https://imgur.com/AAogaV4) that gives Next Investors the Australian Financial Services License (AFSL) to "promote" as they please. They do this by sending emails through three platforms, Next Investors, Catalyst Hunters, and Wise-Owl. Finfeed is an additional website where articles are written for companies without accompanying emails. + +On our first stop of deep diving, we're going to take a hard look at who owns S3 Consortium, i.e. who controls how much of the entity that holds the shares. Courtesy of the lazy fucks running ASIC, there are two Businesses/Organizations registered for [S3 Consortium](https://i.ibb.co/BZThf2N/S3-consort.png). Actually viewing the current company information costs [nine dollarydoos](https://www.youtube.com/watch?v=-w3iPFl-cfI), but I guess ASIC gotta find money somehow since our government won't fund them properly. Shout out to the legend /u/Yaals for showing and purchasing this for me. I won't post them in full here because they contain a bunch of useless crap (also some personal information I'm not sharing with you spergs). + +[Here is my edited version of this document](https://imgur.com/kPxwAPy). Only three people hold shares: + +* **Damian Hajda** with the lions share at **6000/9000 = 66.67%**. From my understanding, he is the main brains of the three founders that analyzed stocks and wrote articles. +* **Jason Price** with the second biggest slice of **2300/9000 = 25.56%**. I believe this man is our [YouTube sensation](https://www.youtube.com/watch?v=vwXt_S11deU) and originally involved with the marketing/software side of the business. +* **Christopher Whitehead** with a tiny slice of **700/9000 = 7.78%**. I have no idea what he does, probably owned the basement the company started out of tbh. + +Interesting, all three men are born in the same year (1982) in Perth. Not surprising a company dedicated to spruiking speccy miners sprung out of fucking Perth. + +#**An Unofficial History of StocksDigital** + +With the power of the Wayback Machine and other bits of information scattered across the internet I have done my best to reconstruct a timeline of StocksDigital. This includes the founding and development of Next Investors as an entity, from its blog origins in 2011 to the present day. I am somewhat limited by the number of times pages have been saved as an archive, so the exact dates/months when developments occur may be slightly off, but I believe this to be mostly accurate. More than happy for Next Investors to correct the record on any mistakes I have made. + +Next Investors/StocksDigital as an entity emerged following the success of founder Damian Hajda's personal investment blog "The Next Oil Rush" sometime in 2011. The ["NextOilRush" twitter account](https://twitter.com/nextoilrush) was created in Aug 2011, and the earliest WebArchive of the [NextOilRush blog is dated Jan 2012](https://bit.ly/3ku4YGn) + +[The investment philosophy presented is simple](https://imgur.com/quODRSS) + +* Predict the rush +* Get in Early +* Get Free Carried +* Ride and repeat + + +One of the major winners of this blog was identifying the potential for [Oil exploration in East Africa, (archive)](https://bit.ly/3hDPwFD), following more than half a decade of analysis of the sector according to Damo. The Canadian listed company African Oil (TSE:AOI), which obtained a project located in "Puntland" Somalia (not a meme, name dates back to the Ancient Egyptians foretelling of tendies), was his "[Tip of the Decade](https://bit.ly/36Adk6P)". Within a year, this spiked from ~$1.5 CAD in late 2011 to over $10 CAD late 2012, an impressive return. Its actually quite insightful digging through his [old blog posts on the archive](https://bit.ly/3xJyR9e) to understand the reasoning behind the picks. This is an area where he knows his stuff. + +Along with this success, these articles charged a small fee for access to his picks. If you're good at something, don't do it for free (something I have yet to learn lmao). Eventually, this germinated into the creation of StocksDigital, a network for promoting microcap companies. + +The first new entity to emerge was "The Next Mining Boom", with its [twitter account created in Feb 2013](https://twitter.com/nextminingboom). Its not hard to apply the same logic for finding the best "black liquid in the ground" companies to finding shiny rock companies. On the [Next Mining webpage (archive)](https://bit.ly/3hC53FW), we get our first mention of S3 Consortium and an [AFSL provided by Avestra Capital](https://imgur.com/9oPeQX9). They didn't always have the same sugar daddy, they used to be with someone who would in 2015/16 become known for [their epic collapse after improper related party deals and fucking up around $18.5 million of investor funds, as well as investments linked to the 1MDB Malaysian sovereign wealth fund scandal.](https://cnb.cx/3wGOWLA). Sponsoring a small cap promoter is nothing to them. + +Finally, in Nov 2013 the magic starts happening. Websites for the [Next Tech Stock (archive)](https://bit.ly/3hAzkoD) , Next BioTech, and Next Small cap spring up along with a "parent" website for [StocksDigital (archive)](https://bit.ly/3wGBF5H) containing no real information except a now defunct mobile phone number (I already tried ringing it lol). This is the birth of their promotion factory, where they begin writing articles for companies that pay them in shares/cash. I tried documenting the companies they were involved with, but its fucking impossible because ~90% of them are since delisted (lol). Feel free to follow the archive links and have a rummage around if you're curious though . All their article websites are grouped under a parent [NextInvestors webpage (archive)](https://bit.ly/3hDoWwd), which is a structure that remains today. + +Alongside the articles, they begin [shilling an E-Book for $27](https://bit.ly/3i1g16U) on how to invest in junior resource companies based on their investment philosophy. [The way they sell this is hilarious.](https://imgur.com/cXzqxGO). It looks like "Pump and Dumps 101, a guide to small cap investing from the ASX Microcap masters who pioneered it." + + +**2014, A Proto-Mutated_Cunt, First Website update** + +In May 2014, [a blog run by my spiritual ancestor "Dr Benway"](https://bit.ly/3dGIA8t) notices something fishy with a microcap company ASX:ANQ (which is now delisted, many such cases) claiming to have solved the "$400 billion waste crisis". The blog describes the company as "an eternally loss-making trash management company with ties to other elements of the Australian financial underworld." Now [some might consider that an offensive stereotype](https://bit.ly/2UOIa98) but one thing we can easily confirm is that this trash waste management company is a complete failure which is now [delisted](https://bit.ly/3iapg4R). + +In one day in late March 2014, we get an [enormous price spike](https://imgur.com/Gdd0PHA). They even get a [speeding ticket from the ASX](https://bit.ly/3rcC9zj), where they note "[A positive article about AnaeCo has been published today by StocksDigital](https://i.imgur.com/B15Y8sh.png)". This is something we are all too familiar with now, but it was brand new then. + +One of Next Investors key selling points is that because they are a licensed operator authorised under an AFSL, which makes them the "responsible promoters". Quote "[StocksDigital prides itself on being the pioneer in this space, operating with the highest levels of integrity and compliance and is authorized under an Australian Financial Services License. (archive)](https://bit.ly/3kgamwD)". Here's my favorite section of this page, cautioning against the dangers of [using "overly emotive" articles to "trick" people into buying stock.](https://imgur.com/XGu2TFN) + +With this lesson in "responsible stock promotion", let's contrast this with the article Next Investors wrote on March 2014 for the ~$20m micro-cap ANQ my predecessor has shat on. Bear in mind this is [a shitco that has fallen ~97% from its ATH since 2009](https://i.imgur.com/rDXu4fi.jpg). + +**[Global Waste Crisis Solved? ASX Company Invents Astonishing Technology](https://bit.ly/2UcaMt3).** + +I mean, I won't force you to read the entirety of that blue sky nonsense to get my point here. [Just take a look at the first few lines of manipulative crap they wrote.](https://i.imgur.com/IPSZNgg.png) They seriously want you to believe this dogshit company has a miracle solution to a $400b problem. On May 12th, two months after the article, the company spits out an [Appendix 3B declaring the payment of $14,500](https://bit.ly/36CdomL) to an unspecified entity in shares for "services rendered". Now Next Investors are not explicitly named, but if the shoe fits, I think they should wear it. This price is in the ballpark for the "going rate" of these articles which, spoiler alert, will be very easy for me to prove later in this post. + + +**In October 2014, we get the [first major website update to StocksDigital (archive)](https://bit.ly/36zdwU1)**. + +Finally, we can begin to get some proper insights as to how they sell themselves to companies. [Based on the description they provide](https://i.imgur.com/Pbx1NF8.png), it is more than fair to classify them as an investor relations firm. As key benefits of their service, they allow companies to "**tell important stories about your company**", "**Give your company a voice**", "**Give you more control over your message**". With the rise of the internet, StocksDigital have become one of the early parties that filled the vacuum of digital content distribution for microcaps on the ASX. At this stage, I no longer see StocksDigital as a separate entity when it comes to promoting companies, they are hired to spread the company's message. In the case of a Clifford like ANQ, they smear the dogshit far and wide (shout out /u/BigJimBeef). + +We can see this further espoused in the [positions that they hire for at Feb 2015 (archive)](https://bit.ly/3efF6Kh). There are no analyst positions, the three titles are "[Content Producer](https://i.imgur.com/gyNiol5.png)", "[Junior Growth Hacker](https://i.imgur.com/28n4qD2.png)", and "[Writer](https://i.imgur.com/nomN8lU.png)". Clearly there is a selection bias for those devoid of critical thinking and capable of generating the largest numbers of clicks. + + +**May 2016, [Major website update for StocksDigital. (archive)](https://bit.ly/3xJFrfQ)** + +In this iteration of the main website, we get a solid breakdown of all the services they offer in their "company packages". Highlighted below are my favorite ones: + +* [Research Coverage (archive)](https://bit.ly/3wIwoKS) + + + * [Buy an article that "recommends the stock".](https://i.imgur.com/FwXm6Ik.png) + + * [Close collaboration with your company to produce articles](https://i.imgur.com/ghJsmTe.png) + +* [Investor News Service (archive)](https://bit.ly/3yWQzpQ) + + * Again we get the ["retain control of your company message"](https://imgur.com/mhAcK9X) treatment, alongside a "**content will coincide with key news flow**", i.e. at the same time as the price sensitive announcement. + + * Finally a confession, [How often is the content generated?](https://i.imgur.com/sVDbC3A.png) + * As of 2016, they came out once a month or every time a market sensitive announcement is released. + + +* [Marketing Burst (archive)](https://bit.ly/3eeuaMM) + + * One week campaign promoting a specific [near term catalyst](https://i.imgur.com/9fKd3Lz.png). + + * AKA [the sugar hit](https://bit.ly/3hCs5fU), something that AFR has hammered StocksDigital for in the past blasting them for filling the microcap market with "hot air" in 2018. + + +So what can we infer from this? Although this is posted in 2016, I believe Next Investors has maintained the same two modes of operation, sustained campaigns and targeted pumps. They most certainly time the articles with price sensitive announcements till this day, which I will show once this history lesson concludes. Furthermore, the average of one article a month is another rough guideline they follow still. The exceptions comes from the sugar hits, where we get multiple articles within a short time period. + +**February 2017, [another major StocksDigital website update (archive)](https://bit.ly/2U7SpFM).** + +On the homepage, they provide us with quite the large list of clients, [88 in total.](https://imgur.com/q238mXV) Honestly, there's not much new to point out here other than some spelling errors I found funny, especially after subjecting myself to countless lines repeatedly emphasizing their professionalism. + +* [Buy our marketing bursts for 680% "share price **rices**"](https://i.imgur.com/2DGEuCH.png) + +* [We will "**constistently**" advertise for you](https://imgur.com/OPCi2la) + +If you can spot worse ones in my writeups, I reserve the right to them as being a natural product of a Cuntatative Analysis, not a paid shill. + + +**Feb 2018, the Birth of Next C\*\*\*\*\*.** + +To this day, the Next Investor website covers the same five sectors. However, on the bottom of a [2018 brochure](https://bit.ly/3iesVOR) advertising their services, [something hilarious caught my eye](https://i.imgur.com/sultvTe.png). That's right, in 2018 they tried extending their promotion enterprise into the crypto space. Their "[Next Crypto](https://www.nextcrypto.com/)" website today is still up and running, and you can find proudly displayed four articles. One of them is dedicated to shilling a shitcoin ICO that has since sunk 99.99%. The other two are puffy promotions of two companies supposedly going to change the world with the power of the blockchain technology. They have both since been delisted. It wasn't even hard for me to dig up giant red flags on these now defunct piles of horse manure. +One of them (IOT Group) had a 26 year old CEO [claiming 12 years of experience in the high tech industry](https://www.littlehedge.com/the-iot-group/), which you can read about more in the linked LittleHedge post. This is a typical tidbit of info that will virtually never be mentioned within a Next Investor article. If it was, they wouldn't be doing their job. Who knows, maybe they thought they found a 14 year old Steve Jobs in his prime years? + +Interestingly, the [Next Crypto twitter account](https://twitter.com/next_crypto) has a different AFSL license provider mentioned, [Maven Capital](https://www.mavencapital.com.au/). Perhaps shilling these crypto soon-to-be failures was too much even for the guys tangled with the multi-billion 1MDB Malaysian sovereign wealth fund scandal. Our good friends over at Avestra Capital providing the AFSL had since rebranded to Longhou Capital in roughly 2016, coinciding with the [banning of two former executives of Avestra Asset Management from the financial industry for 10 years](https://bit.ly/2VwW8Nk). Even still, this is the only mention of Maven Capital I have been able to find linked to Next Investors, sometime in 2018 they switched again to LeMessurier Securities , who remain their sponsor today. + + +**Mid-Late 2018, The Surge of Catalyst Hunter, and another [major Website update (archive)](https://bit.ly/3AXBhmG)** + +At the end of 2018, we get another major update to the StocksDigital website, and what I believe to be the most honest, transparent description of their service on their homepage. + +**[Over 5 years experience delivering high impact digital marketing campaigns.](https://i.imgur.com/RwnhlQt.png)**. "Hundreds of clients each year enjoy the services of our dedicated journalists and digital marketing specialists who craft your campaigns for the biggest impact and exposure to your target audience." + +If this description existed on their website today, I don't think there'd be too much of a problem. Something I definitely find problematic is the way they describe [Catalyst Hunter, (Archive)](https://bit.ly/3B3QItt) in this archived link. [The earliest archive link of Catalyst Hunter dates back to 2014 (archive)](https://bit.ly/2TaD5rx), with a [tagline suggesting that their articles indicate large price movements within days](https://i.imgur.com/ewkc80K.png). 2018 was the first year this website was linked on the main StocksDigital website. Have a look at the way they describe it. + +[Is your company on the brink of a game changing news announcement, and ready to tell the world about it?](https://i.imgur.com/3cF0beK.png) + +From my understanding, this is a service that scouts companies ready to release currently non-public information in an explosive manner. If the payment for providing the coverage was in cash, I'd have nothing to get worked up about. However, since Next Investors will only accept their payments in shares of the company, I believe we have a problem here. Honestly, the way they've sold themselves here in my opinion should've at least opened some eyelids on the lazy cunts at ASIC. Also, within the space of two years, that tagline has changed to ["We invest in early stage ASX companies, which we believe will experience near term price catalysts.](https://i.imgur.com/4DW4KYJ.png) On this sub, belief in investments comes from an unholy amalgamation of cum rituals, half-skimming of DD written by a frenchman, and the number rocket emojis. In the case of Next Investors, this belief is inspired from being the outsourced investor relations department repackaging words directly from the CEO's mouth. + +Also within this update, we get the [first mention of Amplicat (archive)](https://bit.ly/3xEKpKW), which I chimped out about extensively in my last post. Amplicat is the digital platform that companies use to organize and pay for marketing campaigns, and provides the company's with on [demand reports of how effective the campaigns have been performing](https://i.imgur.com/0TIgcLy.png). This is the true product that Next Investors are selling. + +**Feb 2021, Major StocksDigital Website update** + +With this update [StocksDigital appears in its current form. (archive)](https://bit.ly/36wERq1) There are no indications that it is an investor relations firm for micro cap companies on the ASX. Being the digital marketing experts, they have realized it is a more profitable strategy to market themselves as "investors to invest alongside" rather than a digital advertising agency. Because their platform has become so successful, they no longer need to advertise their services, companies are practically begging to be signed up and added to the magic portfolio list. + +Thus concludes my history lesson in Next Investors brought to you by the power of the wayback machine. Now it would be foolish to believe that their business operates in the exact same way since foundation. It would be equally foolish that no aspects of their past remain within the company today, considering that the founders are still involved in the day to day operations. If you believe what they write on the Next Investors home page today, their business model is the following. + +>What is our business model: We only make money when our portfolio increases in value. We don’t charge subscription fees or management fees - everything here is free. + +Now its time to challenge this. + + +#**The Present Day Business Model of Next Investors, a Cunt's Guide** + +This middle section of the post presents my findings of how Amplicat works, and the prices they charge for articles. The information presented here is the result of my autistic scraping of the internet for anything mentioning "StocksDigital", "Next Investors", as well as hunting down public domain links on their webpages for clues. + + Currently, Next Investors will find a company they like and sign a contract lasting 12 or 18 months. The going rate is 200-250k for 12 months, and $375k for 18 months. When the company specifically requests an article, typically coinciding with a price sensitive announcement, [Next Investors will write the article repackaging the information in a more "digestible fashion"](https://i.imgur.com/eQ0WvRF.jpg). Importantly, the emails they push triggers algorithms purchasing the stock, spiking the price and providing liquidity. I wholeheartedly believe Next Investors have nothing to do with these algo traders, they already make enough money. Still, the immediate pumping is a side effect they are more than happy to work with, and was the trigger for me to spiral down this rabbit whole in the first place. + +So what do companies see when they sign up for Amplicat? The first stop on my scraping journey was the Content Display Networks (CDN) pages for their websites. Essentially, these pages are a depository storing all links to all files that have been used in the past on the website. Critically, they give a window to information that has since been removed that is inaccessible via the Wayback machine. We know Next Investors did not use to be as shy about their operations in the past. First stop is the CDN for [NextInvestors.com](https://cdn.nextinvestors.com/) +. There's a lot to process in here, but I've selected the important bits. + +First stop, we have a [sample campaign report generated for the company Regeneus](https://bit.ly/3xR3LMM), a fledgling Biotech. We see they have [purchased an advertising campaign with a budget of $25k.](https://i.imgur.com/N5nFCT5.png) This campaign occurs between Nov-19 and Apr-20. [We also see that this campaign consists of five articles total](https://i.imgur.com/BvwQSsI.png), four basic Finfeed articles and one "special" Next Investor article that comes with an email pump. With some basic high school algebra we have the following. + +* $25k campaign, 4 Finfeed, 1 Next Investor + +* $8k remaining in budget with 2 finfeed left => Finfeed article costs $4k. + +* $25k - 4*4000 = Next Investor article + email costs $9k + +**Therefore as of early 2020, the going rate is $4000 per Finfeed article, and $9000 per Next Investor email/article combo.** + +Now, if you knew how much a company had paid Next Investors, and the price of each article, by simply totaling the number of articles written you'd have a clever idea of how many emails are left in the "pump tank" for a company. More on that later. + + +Now my next stop in my investigation was digging around the "hidden pages" available on the Amplicat website. Because us plebian investors have questions, [here is a link to the FAQ](https://platform.amplicat.com/faq/) about the Amplicat platform. I believe this is meant as a resource for the companies who are using Amplicat, as it is not available as a link on their main website. + +Digging further, I found a link to a "[sample live dashboard](https://bit.ly/3wBNB8D)" for Regeneus. There isn't too much to see here, but you get a feel for how the companies get to view their advertising campaigns. There are no "active campaigns", but you can look at the results of completed ones. + +In the top right corner of this page, they've left open a [survey monkey link](https://www.surveymonkey.com/r/RGXJBM6) asking the companies they work with what features they want added. Fucking lol. Most of it is blank boxes for people to write in, but I'd like to bring your attention to the section where they ask companies to "**Rank the usefulness of the following PROPOSED Amplicat features**". So they're covering their bases a little here with that capital "PROPOSED", but lets have a sneaky little look at what features they're developing. + +[Increased advertising on share price rises. **We increase digital advertising when your share price increases to capture and drive upward momentum**](https://i.imgur.com/KDDmYof.png) + +Case dismissed your Honour. This is a "PROPOSED" feature, but remains the closest thing we'll get to a "mea culpa" as to what they function as. Throughout their history, Next Investors have walked a careful line between Investor Relations activities and questionable promotions in the face of the lazy cunts at ASIC. [This is a point where I believe they've crossed it.](https://www.youtube.com/watch?v=61fsW4xxkZE) + + +Finally, I discovered one more magic thing. All the juicy details about Amplicat are essentially inaccessible to a cunt such as yours truly. To get on the inside, you'd need to start a public company. I'm dedicated, but not to that extreme. However, the [API of Amplicat is somewhat open](https://platform.amplicat.com/api/v1/), so lets take a look inside. Most of the links here are inaccessible, with the exception of one, [https://platform.amplicat.com/api/v1/company-dashboard/packages/](https://bit.ly/3khPHIx) +. What do we have here inside the "packages list? Its just **a list of the prices a company pays for every single type of article that Next Investors offers to write**. I believe that old Regeneus campaign pricing is outdated, and this is a real time list of the prices of their services. + +Its a lot to take in, and not formatted in a friendly manner for a snooping cunt, but with some outside help from the legend /u/Darebottle we've cleaned it up into a [pastebin listing only the type of article/Publication, sorted by price.] (https://pastebin.com/9uAR9hv0) This is a essentially a list of the price it for Next Investors to write an article in a third party publication, or sponsored content. The combined fee is a sum of the fee Next Investors charge to produce the content, and what the publication charges to distribute it. Some highlights are: + +* **$29785.71** to produce an article for **Reuters** + +* **$15714.0** to have sponsored content produced on **Australian Financial Review** + +* Our old mate Murdoch (may his bones be crushed) is charging a flat rate of $14642.86 to have sponsored content appear in one of his publications, being the Daily Telegraph, News.com.au, The Advertiser, The Australian, or the Herald Sun. + +* The Guardian and Business Insider have a fee of **$12142.86** for a sponsored article + +* Street Signals, Micro Small Cap, and Pot Stocks News all share the crown of the most expensive publication, being **$36785.71 per article**. I wouldn't be surprised if Next Investors jacked up the price of Pot Stocks News purely to milk more money out of CPH (though they haven't fallen for the bait, no CPH articles are on that website yet). + +But those are just the third party sites, what are Next Investors charging for content production and distribution throughout their own network? It appears that there are four different classes of article/email combos that you can purchase presently for Next Investors. There is a $25k package, a $15k package, a $10k package, and a $7.5k package. I have screencapped the details they have provided below: + +* [NEXT-INVESTORS-MS-4 ($7500 Price)](https://i.imgur.com/RRlghtl.png) + +* [NEXT-INVESTORS-MS-3 ($10000 Price)](https://i.imgur.com/iHkkjfq.png) + +* [NEXT-INVESTORS-MS-2 ($15000 Price)](https://i.imgur.com/LAr5Clp.png) + +* [NEXT-INVESTORS ($25000 Price)](https://i.imgur.com/OVG3nB7.png) + +I am unsure of the exact details of the pricing structure, but I believe that each "tier" corresponds to the quality of the article, the more you pay, the lengthier and more in detail the article/email combo will be. At a premium $25k price, the "Content Production & Publishing" cost makes up $10k, and the "Next Investor Email" makes up $15k. + +Also I cannot confirm how much extra it costs to [have your article tweeted at Elon Musk.](https://i.imgur.com/7gXULKn.png) + +Now this is about as far as I can go in deconstructing their model. What we have now is some rather amusing consequences. + +* [This article here for EXR](https://bit.ly/3rc8HJQ) does nothing but talk about /u/zemadfrenchman 's excellent [independent write-up of EXR](https://bit.ly/2UIZsVs). I believe this means the company itself is aware of the DD, and specifically gave the go ahead to spend ~$10k on an article promoting it. I believe Next Investors owes our French friend a paycheck. + +* Sometimes companies demand an article to accompany a fluff announcement, and Next Investors have to write something. For example when BPM decided their [fluff piece about having boots on the ground](https://i.imgur.com/M9leNwM.png) was price sensitive, [they also demanded Next Investors write about it](https://bit.ly/3ko6Fom). + +* Sometimes a company tries pumping so hard that even Next Investors gets fed up with them. CPH is the poster child of this. [By Next Investors own admission in this article](https://bit.ly/3ibmPPc), "We certainly know that CPH is not shy of promoting itself - they ask us to write to you about EVERY single announcement they release, no matter how random - all the way from their hemp based feedstock to stop pig herds biting each others tails in eastern Europe to the launch of its range of CBD teas for immunity, sleep and well being." That's a fucking understatement. I believe CPH promotes hard itself to justify further capital raises that charge fees into the director's company that performs them. Honestly, there's enough of a stink around CPH that I may be writing a post on them in the future. I believe this is one of the reasons that Next Investors are reluctant to add CPH to the main portfolio page, even though I believe they have given the most in shares to Next Investors. + +#**Playing the Pumps** + +In this section, I'm summing up some of my findings investigating the Next Investor email pumps. + +**Is it possible to predict the pump?** + +As mentioned before, if we know how much a company has paid in shares, and how many articles Next Investors has written for the company, we should have some idea of how many they have left to write. I initially gave this a crack [building a pretty spreadsheet](https://i.imgur.com/5Q6EvAY.png) which was last updated May 1st. I gave up when I realized how impossible it was to track down all the third party articles that may have been written. + +Instead I had more success with a simpler approach. We know that the pump emails are timed with market sensitive announcements. What I did was record the date of every price sensitive announcement by companies that had also been mentioned in a targeted email between from Jan-21 to Apr-21. I then recorded the date of every NI email that was sent, and looked at the coincidence rate for an email to occur within T+2 of announcement, because that's the sacred Tomsexx number allowing us to leverage to the tits. The raw data is in [this spreadsheet here](https://bit.ly/2UMz9O8), no guarantees I copied it perfectly, I am a human cunt. Finally, I sorted these emails into two categories, emails sent more than 20 days after the last email, and ones sent less than. The basic idea here is that because the emails are roughly once a month, if more time has passed, I suspected that it would be more likely that an email is sent. + +[These are my results.](https://bit.ly/2TbQ5gw) Below are the important numbers if you're too fucken lazy to click my spreadsheet. + +* Across the 58 price sensitive market announcements that were sent, 27 of them were accompanied by a Next Investor email, giving us **base a chance of 46.5%**. + +* If it has been **20 or more days since the last email** and the company releases a price sensitive announcement, this rate increases to a **71% chance (22/31) that a Next Investor email will be sent within T+2 of announcement.** + +* If it has been **less than 20 days since the last email** and the company releases a price sensitive announcement, the coincidence rate **falls to only a 30% chance (8/27) that a Next Investor email will be sent within T+2 of announcement.** + +Based on my previous findings, the average pump is from an email is ~10%. Therefore, I believe this is significant enough for a motivated individual to exploit. Their business model has made them to an extent predictable. + +**How much will it pump by?** + +A further analysis I did of their emails looked at how the "size" of the email pump varied as a function of days since the last email. As my sample set, I took the date of the latest email for a company as of April 15th 2021, and the email before that. I then measured the return if you bought the minute before the pump and sold in three cases, Perfect sell at the peak (Green), sell 15m after the email (Red), and the current return today (Blue). + +[Here is my pretty scatter plot](https://i.imgur.com/LGLaNl7.png) + +We can see there is no correlation for Net Return, as expected, why the fuck the total return depend on the time it took them to send two emails out. However, for both the "Pump timing" data, we see they are both positively correlated with the time since last pump (~0.4*d + 4.93% for Perfect, and ~0.2 + 3.23% for 15m). + +Therefore, if the time since the last email is greater, you get both a higher chance that a Next Investor email will be sent accompanying a price sensitive announcement, and a higher pump to scalp. Very Nice. Fair warning, this probably plateaus at some point, and you should check that your degen speccy hasn't used up all their pump credits before you even think of throwing your super at this. + +#**A Cunt's Conclusions** + +* **NI is founded and currently run by experts in the Oil/Gas exploration industry.** + + I have no idea what I'm talking about in this space, but several people on this sub who also know more than me have independently fallen in love with EXR and IVZ, both prominent Next Investor clients. These might just be the best risk/reward gas/oil exploration plays on the ASX. + +* **Be wariest of their "NextTechStock" picks.** + + Since 2018, when the present management returned to the "shares for promotion" model, I took the date of first publication for 26 companies they have covered and looked at the return. + +[Here is the results](https://i.imgur.com/hRfXaOm.png). Spreadsheet link is [here](https://bit.ly/3wGAdAb) + +18/26 companies are deep in the red. The frequency of failures increases as you go back in time, but this is mostly because it takes time for "the jig to be up" in Tech. Considering ASX:AHI, which is presently up 631.25%. As of Jan 2020 its CEO/Chair Vlado Bosanac is fighting the [ATO for ~$10m in unpaid personal income tax](https://bit.ly/3em4CgV) (naturally, he's from fucking Perth). I do not have high hopes for their longevity. + + +* **Be wary of the one-two combo, Marketing Burst into Cap Raise** + + We know the feeling all too well of the dopamine hit from the yellow bell on Tommsex getting crushed by reading the words "capital raise". If you notice the frequency of Next Investor emails increasing to more than once a month, you should be suspicious of an incoming Capital Raise. + +As an example of this, lets look at PRL, Next Investors' "2021 Small Cap Pick of the Year". On 08-Apr-2021, PRL gets its [first article of the month](https://bit.ly/2ThYqzm). The pre-email price was $0.14. On 19-Apr-2021, [the article announcing it's the NI pick of the year drops](https://bit.ly/3emu5H8). The very next day, another email is pushed out which pumps the price of PRL to its ATH at $0.25. [A fourth email is sent on 04-May-2021](https://bit.ly/3ibv3a7). Within the space of a month, four targeted emails were sent from their platform. Exactly two weeks after the last email is sent, on 18-May-2021, PRL enters a trading halt to which they emerge on the 20th with a cap raise, at $0.15 per share. The current price of PRL as of me typing this (15/07/21) is below the Capital Raise price, and exactly at the pre Marketing Burst price, $0.14 . + +**The best time to purchase a Next Investor stock is before the email, the second best time is after the Cap Raise.** + +* **The main purpose of my posts is to get you cunts not to FOMO into buying the Pump** + +The very second an email is sent, Algo traders start buying and push up the price. If you take the average human Next Investor reader, it probably takes 5 mins to notice the email, 5 mins to read the email, and 5 mins to purchase the stock. By all means, if you like what you're reading and understand what's involved, I'm not suggesting to not buy the stock, I believe there are both excellent and trash companies within their portfolio today. It is my unprofessional cuntative opinion that you should wait around a week before purchasing. Don't fall for the FOMO after seeing +10% when you open your trading app, that's an "artificial marketing premium" you can let magically vanish with time. Just sit back and watch the algos fight. + +To further emphasize this point, I've taken the same email sample I used to measure pump size in a scatter plot, but instead measured the return as of 10:30am 16/07/21 if you bought 15 minutes after the email was sent. + +**[Here are the results, -6.01% average return](https://i.imgur.com/KcSUfRX.png), compared to the 6.25% of the IOZ index 🤮 since the first email sampled (08/02/21)** + +Don't be an impatient cunt. Also I have no idea how people are still falling for the scam dream that is 88E, see you next year when the pump fails for the 6th, 7th time?? I've lost count. + +* **Next Investors have made more money (profit) than the entirety of the businesses in their current portfolio combined** + + This follows by the definition of Microcaps. All of the companies in their portfolio burn cash, and are as of yet unprofitable requiring multiple Cap Raises per year to remain afloat. I haven't crunched all the numbers yet, but as of [2018 reported by AFR](https://bit.ly/3wKtRzH), Next Investors were making approximately [$2 million a year](https://i.imgur.com/3Afv6Gb.png). Essentially, this fact is the punchline of an age old Wall Street question, [Where are the Customer's Yachts?](https://amzn.to/3B2HlKG) (my favorite finance book, written in 1940 and even more relevant today.) + +Finally, this post almost serves as a blueprint towards creating your very own Small Cap promotion shop. You need to start in a field where you know your stuff, generate one or two multi-baggers, then expand to the entire small cap industry. Maybe this post could inspire the next StocksDigital to emerge, I doubt little competition between promoters would harm us more than their own margins. + +**Special thanks to the following** + +/u/atayls4 (🌈🐻) , ~~/u/mikemakesit~~ /u/ewanelaborate, berry grateful for your feedback in putting this mess together. + +/u/Darebottle for obliging various coding requests. + +The countless cunts who've dmed me with different leads that made this post possible. + +P.S. I've just graduated uni and am living the life of a jobless bum if you're wondering how I had time to smash this out, if anyone has a job opening for a cunt please let me know. + +**[In Defense of Next Investors, an Appendix](https://bit.ly/3eoJUNg)** +[Continued from Book 2](https://www.reddit.com/r/Superstonk/comments/qxbzim/moass_the_trilogy_book_two/) + +&#x200B; + +https://preview.redd.it/m9wfl9urk5181.png?width=847&format=png&auto=webp&s=77f3041791b2a7a5e784a852ff8516ae655cb4ca + +# Part V: Deja Vu + +So now what you've all been waiting for... + +**Section 1: A Look Forward** + +Quick Recap + +* **We own the float** +* The November - January cycle has **not one but three** ETF gamma exposure dates, two of which represent the **largest amount of exposure on GME throughout the entire year** +* GameStop is significantly more illiquid now than last January the buying, holding, and registering of the float have pushed the bid/ask spread on GME to the limits and the stock is **ripe for a squeeze** +* This illiquidity means when MM, APs, and SHFs need liquidity to hedge massive price movements there is none available at market +* Retail owning open contracts forces the MM to hedge. If they do not and those contracts are pushed into the money, and/or exercised **there are no shares available for them to deliver**. They must increase the price to create liquidity (supply held means demand must be raised) + +We are about to enter another November - January cycle so let's look at what we can expect if the mechanics at play this last year hold true. + +Let's first look at what could happen if they roll. + +**ROLL CYCLE** + +[Possible Nov - Jan Roll Cycle](https://preview.redd.it/io286e77m2181.png?width=2453&format=png&auto=webp&s=03bcfb9a45a9f92b5fe50179eca91049f187d52a) + +**FAIL CYCLE** + +[Possible Nov - Jan Fail Cycle](https://preview.redd.it/svrupu7im2181.png?width=2449&format=png&auto=webp&s=bc693e1e44d6036c35b1accbf03acffacef7305f) + +A day-by-day repeat of last Nov - Jan cycle, scaled to current price. + +[January 2020 on repeat](https://preview.redd.it/96r0ow93ky081.png?width=2461&format=png&auto=webp&s=697de5fcec59b24e060e6ff7a654071b7fd15608) + +Smooth Version + +[Simple breakdown of Roll V. Fail](https://preview.redd.it/ov3z5qaemy081.png?width=2455&format=png&auto=webp&s=cbc779bca94714be6137e7837593dd90f1b4d592) + +*^(\* These price targets are theoretical, upwards movement on GME is difficult to predict because of the wide bid/ask spread. These examples are to show movement only. At any point during this outside factors like FOMO, announcements from GameStop, or regulation could accelerate the process. This simply defines the movements expected on GME due to the underlying market mechanics presented in Book 1 & 2.)* + +So as you can see here it doesn't matter which route they go the end result is nearly identical a massive amount of price improvement on GME (there are advantages to each for the shorts which we will discuss later). + +**Section II: Illiquidity & Buy and Hold** + +This entire cycle is defined by this last January retail did something nobody ever predicted, in their anger at the system and fuckery that had taken place between January 27th - February 2. + +Hundreds of thousands of individuals bought the dip, and not only that dip but every single day since retail has bought shares. Retail bought the shares, they bought the synthetics, they bought the float and then they bought more. + +Why? + +They, liked the stock. + +Then recently they started registering them, which serves to exacerbate the narrow conditions under which the short positions are already forced to operate. + +This ownership of the free float of GME is what allows us to see this entire cycle play out each quarter as liquidity dries up it becomes more and more obvious. + +[GME Price moves inverse to it's volume traded](https://preview.redd.it/yr3k3o10ty081.png?width=1618&format=png&auto=webp&s=4524af251222920fefc70d5c263acd599230457e) + +DRS accelerates this effect. + +[Increased slope of both \(+ price\) and \(- volume\)](https://preview.redd.it/wrma2a1rty081.png?width=1618&format=png&auto=webp&s=b6cddc8690f1d9c127a3a413b1f6f6d46bf4ab61) + +And when FTDs come due after a failure to roll forward the futures contracts we see the effects on those T+35 dates when SHFs are most desperate for shares + +[FTD spikes multiplied by DRS ](https://preview.redd.it/956flurnuy081.png?width=1780&format=png&auto=webp&s=946a45eda2023473850bd205f1069874493d68fd) + +So we are starting to see some data that supports the case for DRS in the market. + +So with Buy, Hold and DRS already pushing the cycle to the bleeding edge what can retail do to push it over the top. + +# Part VI: The Final Straw + +**Section 1: So what if retail is more like DFV?** + +What would this cycle look like If contracts were carried through the full range of the exposure on these cycles? + +>***\*remember last year retail's options were cash-settled before the FTD settlements were complete*** +> +>*\*I have been asked by the mods of this sub not to promote collusion or market manipulation. I will do my best to abide and respect this forums rules.* + +If retail had held contracts dated further out and the MMs had been forced to continue hedging those contracts through their exposure dates then Last January would have looked a lot more like this. + +[Had retail been holding more contracts further out the hedging and internalization would have had to continue much longer and we would have run into the the ETF exposure date in late February at a significantly higher price point. ](https://preview.redd.it/98e5b34h0z081.png?width=2459&format=png&auto=webp&s=c5a9b21367ca019854d91ecdc8fcde02e45f4eb0) + +>I want to note here that this means that shutting the buy button off right before retail could FOMO into the following weeks (February 5th) calls, means that act was likely pre-meditated and well thought out, probably more nefarious than indicated in the SEC report. By cash settling large numbers of contracts before the exposure over the next T+2 days and cutting off retail buying simultaneously, they ensured their gamma exposure would be minimal the following week and that enough liquidity would be generated to allow them to settle FTDs. **The timing was perfect.** + +The opportunity was present again in June + +[But due to the share offering many options were once again cash-settled. This subsequently led to ETFs re-balancing GME at a lower market cap and thus caused more selling. This liquidity \(\~12m shares\) allowed diminished FTDs in the September roll cycle. ](https://preview.redd.it/l83w4oov1z081.png?width=2446&format=png&auto=webp&s=be5469a5552e7ecfbb5e8585369fd318a8879c8c) + +But all that is behind us and 3^(rd) time is the charm right? + +So let's be like DFV I think scaling his position will not be market manipulation but simply a look at what his position would look like today and it's effects. + +So DFV had April 16, 2021 $12c, on this same day of last years cycle GME was trading at $12.46. + +When DFV bought these in late 2019 they were seriously OTM, but the exposure during this cycle made him a millionaire, and an absolute fucking legend. + +If everyone had FOMO'd into late dated far OTM options at the beginning of this cycle last year January would have looked a lot more like this + +[They would have remained exposed to a significant amount of open interest and be forced to continue to hedge into their gamma exposure. GME's market cap would have remained high and it's weight in ETFs would have increased. If this didn't directly cause MOASS the exposure from ETFs\/GME options on February 24th would have. ](https://preview.redd.it/0vaf1ijj6z081.png?width=2449&format=png&auto=webp&s=0bc0f5640196f50b496580b1175683327bb0db84) + +>This thesis points to this is all happening again... So if GME experiences the same Climb this year as last, and instead retail holds and exercises far dated contracts ( beyond the January exposure). We create can create our own margin call and our own MOASS. + +[As we see here in this earlier figure if last years price action is repeated exactly GME can peak at around $8000 dollars. ](https://preview.redd.it/o6q2colf7z081.png?width=2461&format=png&auto=webp&s=1d0f43a8213e6076e79875bfe6d541d77536b93a) + +This means that basically every option now matter how far OTM **should** increase far beyond the value of exercising it. + +So the closest example I currently have of a contract mirroring DFVs position is an April 14 460c, 2022. When DFV bought his 12c GME was trading around $6, so $12 was about 100% OTM. + +Currently an April 460c costs 21.25 or $2,125 and is 100% OTM. + +If even 10% of the price action expected occurs and we test $954 on January 25th, this contract would be worth $69,416 + +https://preview.redd.it/ajvyh7rzi2181.png?width=1059&format=png&auto=webp&s=99be417c073df62ad0c86326fc6a7497fd9b7c95 + +**The cost to exercise this contract $46,000** + +so for $2125, that's 21.25 per share. Someone could potentially obtain 100 shares of GME. + +People holding these contracts through the exposure dates and then exercising at the moment the MMs and SHFs are weakest, they can call the margin themselves. + +[January calls miss the most significant part of Options and FTD exposure which occurs between late January and Early February. ](https://preview.redd.it/3f9vsw7pdz081.png?width=2452&format=png&auto=webp&s=7900648bb2a542df8b6ff04de8fb200dc89217b9) + +&#x200B; + +https://preview.redd.it/fflbzwbkl2181.jpg?width=747&format=pjpg&auto=webp&s=865466af7066108251092af29576e1f548b9ee6d + +**Section 2: Exercising** + +So I want to clear up some misinformation regarding exercise and present a couple strategies + +**Strategy One: Cashless Exercise** + +Most American brokers offer some from of this and It almost always requires that you call and speak with a representative or the options desk/trading desk. + +Essential what happens here is your contract is exercised by the brokerage and then shares are sold to cover the cost of exercise. + +So using our earlier example of an April 14^(th) 2022 $460c $21.25. + +@ a test of 300 on January 25th with IV + 100% the contract value would be $69.38 or $6,983 and can be sold to buy 23 shares at $300 + +@ a test of 350 on January 25th with IV+100% the contract value would be 118.46 or $11,846 and can be sold to buy 33 shares at $350 + +@ a test of 500 on January 25th with IV +538% (same as last January) the contract value would be worth $462.69 or $46,269 and could be exercised for 100 shares of GME. At only $40 ITM this contract could be exercised for the full 100 shares. + +The upfront cost $2125 + +Ok that's great but what if nothing happens? + +If by January 25th nothing happens and we remain at 230 with no price improvement (sideways) the contract will be worth $8.56 netting the holder a loss of $1,269. + +**The 2 for 1 Strategy** + +This is my preferred strategy for buy options on this cycle I intend to buy them in even lots (2/4/6/8) + +This way on a run that surpasses my options strike price by 100% I can sell 1 call and exercise the other with the cash from the first and this way I only lose 50% of my IV value as opposed to 100% with a single contract. + +That means any contract that exceeds 100% of it's strike value, you can sell 1 and exercise the second. + +So if you have 2 x 250c and the value of the contracts hits $250.00 then you can sell one exercise the second and also capture half the additional value from the sold contract. + +For 4 x 250c you can sell 3 at a value of $83.33 + +So for example a $250c for FEB 18 2022 is worth 32.25 currently. + +with 4 contracts totaling $12,900 you could reasonably obtain 100 shares of GME the current market value of which is $22,900 for 100 shares. + +**The Average Down** + +I know many people cannot afford far dated calls even out of the money and so the strategy to profit has to become a bit more complex, this strategy is a bit more high risk but when you have a smaller amount of capital you generally need to take more risk. + +Say someone where to purchase a FEB 18 510c current value 11.80 You could sell this contract on every run outlined in this cycle and use that addition capital to buy back in on the dip. + +Potentially multiplying your initial capital 4x over the course of the cycle and this compounds. + +so here is an example. + +[By buying the dip and selling the peak that initial investment could multiply significantly by the final run. ](https://preview.redd.it/rv7bl6aqd2181.png?width=2455&format=png&auto=webp&s=a1a2343214caeef3db6b5d3d5a9d4ee7f636b4c3) + +Say someone plays it safe and takes profit at 200% (very conservative) that initial $1,180 could grow like this. + +1,180 --- 2,360 --- 4,720 --- 9440 + +at 300% profits + +1,180 --- 3,540 --- 10,620 --- 31,860 + +Now if you factor in increased leverage on each buy netting extra contracts per run and 300% profits + +1x contract 1180 --- 3x contract 3540 --- 6x contract 31,860 --- 12x contract 1,146,960 + +This highlights how quickly that initial investment can grow if the profits are continually rolled forward into more leverage. + +**(This is not a recommendation to buy these contracts, they are simply used so that I could calculate the data accurately, the range of strikes and dates that apply in this situation are nearly limitless, and should be based on each individuals risk tolerance and preference)** + +# Part VII: Disclaimer + +There are many opportunities to profit on this cycle and greed clouds judgement so I will reiterate something that should be heeded. + +# If you do not understand options this is NOT for you, buy and hold is the only thing that makes this possible. The value of GME shares should increase exponentially, you have your moon tickets, hodl! + +# For those of you that do understand what I am presenting here the opportunity not only for profit, but likely the essential catalyst for MOASS is outlined very clearly in these three DDs. + +# The risk for long calls is the premium paid for the contract you cannot lose more than you spend upfront, but, you can lose all of what you spend up front. Never spend more than you can afford to lose, nothing is a guarantee and money can be lost just as easily as it is made. + +# Part VIII: Conclusion + +So tomorrow we enter the T+2 period for gamma exposure on the GME monthly options and ETF quarterly options. + +We closed $30 above max pain meaning that a significantly larger portion of the options chain is in the money. + +I expect GME will see some fairly significant Gamma Exposure not only from it's monthly expiration but from ETF quarterly expiration as well. + +My conservative price targets for the upcoming exposure that should finalize by close on Wednesday is $250 -$280 given our current floor. + +If you read through all this then you understand a dip is possible tomorrow as it will serve to drop the price and shake people out of options that were purchased for Nov 11/26. The benefits for them are twofold. + +1. The have fewer open contracts to hedge while covering this weeks exposure. +2. People cash settling options will also reduce their exposure for next week. + +So if you bought contracts for a run this week as I'm sure many did, they are cheap and retail likes cheap options remember that they have till Wednesday to cover exposure. + +I will continue to discuss this DD and give as much information and insight as I can over the next few months on my [Livestream during market hours Monday - Friday](https://www.youtube.com/channel/UCYmgi8psSbIWiSR2tefHbug). + +On here when I can but the messages pile up. + +Further reading, watching, confirmation, and correlating theories. + +**I highly suggest you delve into these as well to gain better insight.** + +[Book 1](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +[Book 2](https://www.reddit.com/r/Superstonk/comments/qxbzim/moass_the_trilogy_book_two/) + +u/Zinko83's Volatility, Variance, and Dispersion, Oh My! (a great look into the effects of Volatility Hedging) + +u/Turdfurg23's The ETF Money Tree + +[All of my stream clips for the last several weeks](https://www.youtube.com/playlist?list=PLLZAlefVs0gKFMRbLBVK9rRPMkuFexGZ1) (sort by date) + +[Interview with Houston Wade where I lay out this Theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +a huge thanks to my Quants for helping me with all this research over the last 5 months. + +and u/criand and u/leenixus for helping break through some of the misinformation surrounding options. + +Finally, I want to thank all of you. The people of this community every ape that pushed me to complete this DD and get the word out there in time, my viewership for their words of encouragement and support, even when I was wrong. Without all of you I never would have had the motivation. + +I hope everyone takes the time to read through these, and understand what I'm presenting. + +See you tomorrow... + +🦍❤️ + +\- 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.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Probably gonna get down voted to high hell, but whatever, here goes. + +The constant spread of "oh there's gonna be a dip after positive earnings" bullshit is backhanded FUD. So fucking what if there have been 2 before, the simple fact of the matter is that no one has a crystal ball and can predict the future. + +I sure as hell bet there are people itching to sell now and buy in lower on the premise that there has been a dip after earnings in the past. Don't be manipulated into this shit. + +Stick to your guns, buy and fucking hold, it's as simple as that. + +**Don't** fucking buy, hold, sell, buy lower and then hold. Because if you do, **then you are part of the problem and you're fucking day trading so I hope you get burnt.** + +This is fair warning, no ape knows what the fuck is gonna happen. +I'm bored. Decided to share some cool ETFs you may have not heard of. I'd love to hear of some ETFs you guys have or know of too! + +IDNA/HELX - both genomic plays like ARKG + +LRNZ- AI and deep learning. + +BFTR/LOUP- black rock future innovators and frontier tech. + +IQM - intelligent machines etf. Heavy position in Tesla however. + +PTF/PTH - technology momentum and healthcare momentum ETFs. + +MFMS - actively managed small cap etf. + +BTEC- healthcare innovation. I really like this one. + +QQQJ/QQQN - both similar ETFs that track the next stocks to be included in nasdaq. + +QGRO - etfs that holds stocks with high grows/strong fundamentals. + +PAWZ - just like it sounds baby. Tracks stocks related to pets. + +ENTR/BUYZ -entrepreneur and disruptive commerce ETFs + +Any other cool ETFs I should check out? +So I set up a personal account at Coinbase to play around with bitcoin. I thought I would buy and sell some, and try to spend on real world things, etc. I've been watching bitcoin for a long time, of course, and I thought it past due to test it as a consumer - how hard is it, how confusing is it, etc. + +Anyway, I mentioned this on twitter and a guy asked for my BTC address (which is: 1McNsCTN26zkBSHs9fsgUHHy8u5S1PY5q3 ) and last night a bunch of people got all excited and sent me BTC. Obviously I'm going to cash all that out in a few days and send it onward to the Wikimedia Foundation so if you want to keep doing that, I'm ok with it. + +In the meantime, I am still learning and I've seen some chatter about me moving the BTC from that address. I think people are referring to this: https://blockchain.info/tx/29f8972043a293ad2168b62a85e8c9576d8ce6a02d624b9728e33143cae44d64 + +I didn't do that. When I first saw it (I'm a newbie, remember!) I was slightly alarmed. But someone else said that maybe it is coinbase moving it into cold storage. And when I log into my coinbase account, I don't see anything missing, i.e. I see incoming transactions but no outgoing ones. + +How can I best confirm? + +I'm planning to re-open the conversation with the Wikimedia Foundation Board of Directors at our next meeting (and before, by email) about whether Wikimedia should accept bitcoin. One reason (not the only reason) that we haven't is that setting it up as an option during the fundraiser has a lot of implications (we know, for example, and you will likely find this counterintuitive, that the more payment options we give people, the less they donate). But it occurs to me that they could just set up an account on coinbase and announce it via social media, and not bother with integrating it into donation screens and all that. The BTC community is pretty close-knit and generous, so that'd probably work pretty well. + +tl;dr - I'm playing with bitcoin, thinking about it, and have some questions about how to look at blockchain.info. + +You can confirm the address above by looking at my twitter: https://twitter.com/jimmy_wales/status/441634501265862657 + +And this reddit account is known to be associated with me, I think I confirmed it by posting on my wikipedia user page or something like that. +I’ve wanted to get into trading and investment for a while, I was wondering if anyone could give some pointers and tips on how to start earning effectively and how to start turning profits with minimal funds( for example like a fiver or a tenner to start off with) because I feel like it’s vital that youngsters and new people on the financial trade aren’t left with a sour taste in their mouth when it turns out to be not as easy as some movies and influencors make it out to be +I’m going to be inheriting around 200k in the next 5 years. I am a 22 year old Female, both of my parents are deceased - so I really don’t know much about financial planning, money, etc. just wanted some advice on how to handle this. I have $0 in my bank account right now and live paycheck to paycheck so this will be huge compared to the way I’m living currently. Thanks I’m advance guys. +On my local news station they claimed there isn’t a recession imminent in the United States because credit card spending is 10% higher. I would assume high credit card spending would be a red flag? Why not focus on what is being paid off or bank account balances? +Thank you! +I left school just over ten years ago now. What I find interesting is that my classmates who were the most disruptive and who got the worst grades are typically earning more, in our late twenties, than the “good” kids. + +I’ll explain further; the naughty kids, by and large, have moved into trades-work, often working for their dad or uncle or something who own a small plumbing / building / painting company. Often earning in excess of £30k a year, and frequently getting paid “cash in hand”. + +The studious pupils, unless they were in the top 5% of grades, went to an average uni where they got a degree with less than obvious real-world application, most of them are now either in low end office jobs doing admin work, or working in Starbucks etc. + +Can anyone relate to this? + +This is not meant to be a criticism of anyone or anyone’s choices by the way. +Hey, + +I am looking into getting into some good ETF's. I essentially honestly just want to stick to 2-3 ETF's as a life time investment. So I am looking for something that has good growth and also pays dividends if its worth it. + +Anyone know of 2 good ETFs that I can just set and forget? I will be DCA into these every 2 weeks. + +So far I keep seeing VFV and XEQT +The Economist measures YoY food price increase as 39.5%. [https://www.economist.com/economic-and-financial-indicators/2021/08/21/economic-data-commodities-and-markets](https://www.economist.com/economic-and-financial-indicators/2021/08/21/economic-data-commodities-and-markets) + +Rent has increased by 6.3% [https://www.multihousingnews.com/post/2021-rent-growth/](https://www.multihousingnews.com/post/2021-rent-growth/) + +CPI is predominantly food (15%) and rent/cost of housing (42%). How is it possible that we're still at such low inflation numbers? Even if all other items in the basket had 0% inflation, that'd take us to 8.5% inflation. + +I must be missing something? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Breaking news or important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I reported Kim Kardashian to the SEC because she has promoted the "Ethereum Max" scam Crypto, which is down 98% from all time high, to her followers. + +You can report her too [here](https://www.sec.gov/whistleblower/submit-a-tip). +She did only only profit from the scam, but has also put the name of Ethereum in a bad light. +There is no need for a multi millionaire celebrity to steal money from her fans + +[(here you can read an article about her promotion)](https://www.msn.com/en-xl/news/other/kim-kardashian-cypto-ad-singled-out-by-watchdog/ar-AAO9YGt) +For the next 1-3 years, I think it makes sense for my entire portfolio to consist of low PE ratio, dividend paying stocks. My logic is that interest rates can only go one direction right now (up), and when this occurs, stocks with high PE ratios becomes less attractive, and the price falls. + +For the next 1-3 years, tell me why I shouldn't have 100% of my portfolio in low PE ratio, dividend-paying stocks. I get that my portfolio may be heavy on the financial and energy sectors, as well as REITs, but I'm fine with that. + +NOTE: I am not looking to double or triple my money. I'm a conservative investor looking for modest and consistent 5-15% returns every year to combat inflation. +I know it's annoying. Another one of those, "Don't sell, it's going to be okay" posts. + +I used to check my stock app every minute and sold because I got nervous and uncomfortable. I would see gains that have made insane money disappear and sell off trying to hopefully get back at a lower price. From personal experience, I would encourage many of you to take one hard look at your stock portfolio right now and ask yourself if this is a company you see being able to exist in the long-term future. If the answer is no, you should cut some of your position or get rid of it. If the answer is yes, sit back, maybe liquidate a few shares, but don't get uneasy about it. It's the stock market - you win some, you lose some. If the company you own isn't going through a fundamental change such as a huge decrease in revenue or an SEC investigation, stop being upset. + +If I never sold a single share of any company from the day I started investing, I would likely be a millionaire right now with an initial investment of $30,000. Don't make the same mistake I did. Buy companies you trust and can reasonably see being a sustainable business and just ride it. More often than not, you're going to end up green. From what I see now, there are going to be a ton of opportunities to get in on some stocks soon. You should be putting more attention on what you should buy rather than what you should sell right now. +Hey everyone, + +I thought I'd give a quick update. + +Regardless of what may be going on on the subreddits and members shifting etc. + +I see no added value in bashing other people, so I wont. the situation happened lets move on. + +&#x200B; + +What has changed? +Nothing much imo, apes together stronger than ever. + +We buy, we hold we chill and read DD. + +As some of you can see both u/heyitspixel and I are now on the mod team here at r/superstonk and will be helping with DD wherever we both can, again I never viewed this as a solo show this is a team effort and I'm happy to have my fellow team members by my side. + +Again this is a ever growing process, so there will always be some growing pains along the way. + +As always I like to be as transparent as possible and hope to be able to continue that here. + +&#x200B; + +[I mean this.](https://preview.redd.it/4fldbaqt4dr61.png?width=554&format=png&auto=webp&s=7788129a14fabf2e7ab553a342c509aa4ad26914) + + + +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, they should be above the current price point, 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! + +I used to say this on r/GME but I wish to see this here as well, others helping each other. + +&#x200B; + +https://preview.redd.it/tu7iohc15dr61.png?width=400&format=png&auto=webp&s=22e4681cc483be80cdcd73b7853bd1e3ec1d7364 +Hey guys, I recently read [Warren Buffet Accounting Book: Reading Financial Statements for Value Investing](https://www.goodreads.com/book/show/22103415-warren-buffett-accounting-book) by **Stig Brodersen** and **Preston Pysh**, it was a productive read and the book was really concise and easy to understand and I wanted to summarize the principles from the book that Buffett uses to invest. + +According to the book, Warren Buffett invests according to these four simple principles: + +1. Vigilant leadership +2. Long-term prospects +3. Stock stability +4. Buy at attractive prices. + +# 1. Vigilant Leadership + +This principle has four subordinate rules: + +1. **Low debt:** Check out the **debt-to-equity(D/E)** ratio. Buffett likes a ratio of **0.5** or lower. +2. **High current ratio:** Current Assets / Current Liabilities. Buffett likes a ratio of above **1.5**. +3. **Strong and consistent return on equity:** Net Income / Shareholders' Equity. The company should maintain a **steady** return on equity above %**8**. +4. **Appropriate management incentives:** Don't forget management is your **agent.** Make sure managers are first and foremost rewarded based on performance and long-term goals. + +# 2. Long-term Prospects + +This principle has two subordinate rules: + +1. **Persistent products:** Buffett often gives this example: "Will the internet change the way I chew gum?". This is why he is big on Coca-Cola, you should also look at the long term investment with the same perspective. +2. **Minimize taxes:** "Tax is one of your biggest expenses as an investor. Let your investment compound and grow for a long period of time before the government gets their share." + +# 3. Stock stability + +This principle has two subordinate rules: + +1. **Stable book value growth from the owner's earnings:** Ensure that **return on equity** remains constant or grows over the years. +2. Sustainable competitive advantage(Moat):- **Brands(Apple, Coca Cola)** and **patents** are one type of moat.- **Low cost(Walmart)** is another type of moat.- **High switching costs(stickiness)** is another type of moat. **Windows** for instance, not easy to switch from Windows to another OS. + +# 4. Buy at attractive prices + +Apart from using models like **Discount Cash Flow,** these are the rules to be applied to finding stocks at attractive prices: + +1. Keep a wide **margin of safety:** This is the difference between the **share price** and the **intrinsic value**, and should be wide. +2. **Low price-earnings ratio: Market Cap / Net Income.** Since Warren Buffett is a conservative investor, he suggests that this value should be below **15**. +3. **Low price-to-book ratio: Market Cap per share / Book Value(Equity) per share.** Benjamin Graham(Buffett's mentor) would try to find companies that had P/B ratio of below **1.5.** +4. **Set a safe discount rate:** Riskier the investment, higher the discount rate. If the risk is high then you should use a discount rate of %50. +5. **Buy undervalued stocks:** To find these stocks you should use models like **Discount Cash Flow** to determine the **intrinsic value.** (Here you need to do your own research what these models are and how you should use them to find the intrinsic value. Additionally, these authors have a website and provide calculators that you can use, here is the link: [https://www.buffettsbooks.com/how-to-invest-in-stocks/calculators/](https://www.buffettsbooks.com/how-to-invest-in-stocks/calculators/)) +6. **The right time to sell:** Here is some of the reasons to sell your stocks:- Company is breaking one or more of Buffett's principles.- You can get a better return from another investment. +Summary of article from yesterday (not linking it sorry, screw 'em) titled: "**BlackRock’s chief strategist for Canada on how to position your portfolio for the tougher investment days to come**" + +\- admits to "*higher inflation environment emerging*" over the next several years + +\- "*we have to find other solutions*" instead of "*holding cash or government bonds*" + +\- over the next year Blackrock is "*reducing our exposure to government bonds even more*" + +\- "*migrating our geographic preferences to regions of the world ... where growth momemtum is pickup up. For example,* ***Europe and Japan***" + +\- "*We would very much* ***push back against the idea that investors are going to continue to receive returns*** *in their stock portfolio that they received in the recent past, and* ***even in the past decade***\*.\*" + +\- "*Part of the struggle is needing to be more active within the bond market, to be making decisions about where to have exposure. This requires quite a bit more due diligence than the kind of set-it-and-forget-it approach that investors used from the early 1980s to, basically, now*." + +&#x200B; + +In other related Blackrock news; + +\- Blackrock raised over $250m for renewable power generation, energy storage solutions, electrified transportation services and other climate finance in Asia, Latin America, and Africa. This is on the crest of SEC and POTUS pushing Green Energy funding. + +\- "*Asset manager BlackRock this week* ***downgraded US stocks to neutral*** *and opined that the reopening trade was largely played out in the domestic markets. Thus, in its view, the growth from the economic revival was peaking.*" + +&#x200B; + +TL/DR; **Blackrock is again openly hinting at rising inflation, that the Fed is useless, that recent market returns are going to drop off severely, that holding cash/bonds is a bad idea, and that moving into Europe/Japan/Africa/Asia/Latin America (basically anywhere other than U.S.) is a good idea.** + +**Their plan to gtfo of the US after shit goes down is going swimmingly as they use clean energy project pitches (and support from POTUS/everyone) to suck up gov funding for offshore industries it already has a monopoly in, and as they continue to invest heavily in Europe/Japan especially.** + +&#x200B; + +EDIT: This post is about Blackrock in Canada and not about Blackrock U.S., which iirc is essentially doing the opposite by scooping up all available real estate assets in order to basically turn America into Blade Runner. Sorry for any confusion, apes. I'm referencing Canadian articles only. +[Directory - Broker Dealer Directory | OTC Markets](https://www.otcmarkets.com/otc-link/broker-dealer-directory/CDEL) + +**This is a huge step in understanding how Citadel is suppressing GameStop**, but even more, the new **SEC rule banning any buying of non compliant penny stocks was proposed in Sept. of 2020, right around when GME was rising up from the $4 price per share** that had been held steady for the previous year and just kept growing. + +Look how how many shares Citadel has traded just today - same amount as the other top 3 broker dealers, but more than twice the amount of shares. Whatcha collecting all these lower priced shares for Kenny? I've personally seen over two dozen pink sheet stocks that align like twins since January. I know the RH hate, but I'd rather have a fast UX for Lvl 2 data and it's the same with the cryptos on that platform, it's the exact chart thumbnail copied over and over. The evidence is clear as day at this point of pump & dumps for the $ to smack down GME. (The public needs to know (more on that at the bottom.) + +&#x200B; + +https://preview.redd.it/yba2m9qmt0q71.png?width=762&format=png&auto=webp&s=02287bb7f8d8b2b92600433b349239474aee006b + +**They knew for over a year GME was their ticking time bomb and were overleveraged to the tits.** I'd bet it was going to be one of their top 3 plays for the year what with Covid still going strong that they'd get GME to $0 and delisted so they'd never have to close their options. + +Then those damn redditors started buying more and more because of the fundamentals and RC coming in and them realizing the guy who beat Amazon at an online segment for petfood of all things and a master of customer service + logistics would be entering into one of the biggest segments you can imagine. Pro gamers are getting contracts comparable to football players now and millenials + zoomers have huge cash to spend on expensive hardware for gaming - not to mention game sales themselves transition to online marketplaces. **They knew they were fucked.** + +**It's been about a year of watching their precious 50 cent options leveraged by who knows how many times (dozens even?) grow into a nuke being built right in their office, ready to explode at any moment.** + +So they started pillaging pink shares to pump and dump on penny traders as they're doing to the crypto community now that it can't be used as collateral anymore. **And wouldn't you know it, now on Tuesday price data for zombie stocks and purchasing them is completely eliminated to "protect traders from themselves"** + +From confetti on apps to pink sheet OTC stocks, **sure seems like they care about traders a lot** \- **having plain as day price manipulation from January, almost a full 9 months though with our investment and a company growing? nah that's not worth the time they could be on pornhub for.** + +*Maybe some adult content creators apettes & apes (we're all inclusive here) should post videos on porn sites naked and reading DD from GME related subs to get their attention. Hell, they'd probably make huge bank just from redditors watching their video to be jacking to their tits* (I was never good at possessive noun sentence structure in English...) + +**As for me, seeing Lehman rising from the dead (900% in a single day on one of em last Fri)**, I'm going to be buying a lot of these stocks today before buying is turned off and then just sell em off slowly before Quarterly Overturns when they push down the price. It's another 2 months till the next one, so it's just pure $ from copying Citadel's way of making more money to put into GME if MOASS doesn't occur by Nov. I won't know the price, but I can guess given how much they pump up every pink sheet they own. + +**Funny how only non-retail can know anything about non-compliant companies that can still be traded, it's almost as if the SEC is helping Citadel any way they legally can while looking like the good guys...** + +After MOASS you best believe there will be an Ape party using their tendies to get into Washington and change it from the inside. We hate them and there's 20 somethings there already, mighty fine time to get into helping the country change for the better. + +**Either way, fuck Citadel**. When their self built nuke powers our rockets I'll be happy knowing it will be Harrenhal to all those looking back at this historic time period. + +**------** + +**Mod's I'll take this last part down upon request if it's breaking any rules** + +I also mentioned up top the public needs to know. I'm building a website that's condensing the top DD into different categories for an easy to digest content in one place that explains the GMEE saga of the past year. It's going to be for the people who don't know how to navigate Reddit or go through dozens of different DD posts, for the Zoomers & Boomers getting their info from paid MSM organizations (Remember MarketWatch's magic 15 minute time traveling article published?) who have extra money and very much remember 2008 (and 2001/Enron for the older folks) and being screwed over hard that have quite a good chunk of $ they can throw in as their fuck you to Wall Street. + +The word needs to get out and I have a large amount of experience in digital marketing, web dev, SEO, etc being up at mid level in an F100 corp for paid channel marketing. Anyone that wants to help and put together a goliath of a site, along with collaborating on how to silo (top level category linking to topic within that area and whether another topic should be at that level or underneath it so an page about Citadel can be linked to dark pools or Ken and dark pool page having a link to price suppression strategies listing things like buy orders routed there while sell orders are on lit markets - you get the idea) send over a PM. + +We have some great people already together on different areas like having all reddit GME posts backed up, professional writers, high level apes in their DD quality. It's going to be anonymous to protect everyone, compartmentalized for those who want to stay so or those that want to be public. There'll be a few trustworthy people knowing me and they'll know other people they can trust. + +Possibly giving feedback on a 3 level type intro to GME PDF & page to post on socials or send to friends and family for Easy/Med/Detailed Fully or ELIA/ELI5/Smart enough to not google every 5th word for. I'm thinking of putting in a forum as Wordpress is pretty plug and play, but want to manage shill infiltration, so we'll see. If there's enough volunteers to delete any shill comments we can make it happen. I'll be posting a DD on how the FBI would infiltrate and break up social movements threatening the government with propaganda techniques of dividing crowds, diverting attention from real issues, etc. as a guideline as well as blocking all access from IPs not from South Korea, the Western EU, England and North America as it's likely the shills don't really come from there to protect what they know is stock manipulation + +**--------** + +PS, to the shills pushing bad faith comments, giving my internet hug of an overripe banana to fling at you =) +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). 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). +Alright fellas, I missed the ball on LKE. I didn't trust you apes and look what happened, I'm taking my morning Saturday shit pondering what it would have been like if I aped into LKE like I did NFTs. + +What is the uranium stock that we are all looking into at the moment? There is no way I'm missing out on the lambo this time +I had a big shock earlier; I checked my student loan balance for the first time in years and I've only reduced the debt by £100 in 7 years even though I've been paying at least £100 a month for the last 5 years and £150 a month for the last year. + +I know the debt gets written off after 30 years and it's more of a graduate tax etc, but it's still really depressing knowing that after 7 years I've hardly touched the debt because of the interest. It seems cruel that SLC have 4.5% interest rate when interest has been at rock bottom for years. + +The biggest kick in the teeth is, yes I wouldn't be able to do my job without a degree, but I earn considerably less than all of my friends who did not go to uni. + +Does anyone have a time machine? I'd do lots of things differently! + +Edit: Wow, I didn’t expect this to blow up like it has: thanks for the award. Too many of us are feeling let down by the system. +Looks like Postmates won’t be going public and Uber is still very much in the food delivery war. [Here](https://www.bloomberg.com/news/articles/2020-07-06/uber-postmates-said-to-agree-on-2-65-billion-all-stock-deal) is the article. +Delta 9 (TSX:DN)(OTCQX:VRNDF) has been flying under the radar for some time. They just had a record volume day and I think are primed for takeoff. Their market cap is ~60 million and they did over 50 million in revenue last year!!! Most other weedstocks are valued way higher than this! Just to give you an idea here are some of the names I’ve been seeing lately as comparables... + +Aleafia Health. +Revenue last 4 Q’s ~ 35 million +Market cap - 382 million (11x their revs) + +WMD +Revenue last 4 Q’s ~ 27 million +Market cap - 197 million (7x their revs) + +TGOD +Revenue last 4 Q’s ~ 22 million +Market cap - 287 million (13x their revs) + +Delta 9 +Revenue last 4 Q’s ~ 52 million +Market cap - 60 million (1x their revs!) + +As you can see they are valued at a massive discount compared to their peers. Some of the other numbers I have projected for their growth are even more convincing! + +In Q3 for their retail business segment, they reported 8.6 million in revenue. This was for only 4 stores. They just opened their 10th store which means Q1 2021 could be around 20 million for retail sales alone! They have stated they plan to open 20 by the end of 2021 and they have followed through on all expansion plans so far so I have no reason to doubt it. That means Q1 2022 they could report 40 million or 160 million in annual retail revenue!!!!! + +It doesn’t stop there because they have other business segments including Cultivation, Processing, and Wholesale and business to business (b2b) sales which is the sale of their grow pods to other cannabis companies . Both of these on average have added an extra ~ 3 million a quarter or 12 million a year. So that’s ~ 24 million a year combined assuming no growth. But as the US laws open up to allow more states to legalize, Delta 9 has announced plans to expand its B2B segment South of the border! So I expect there will at least be some growth here. + +There is not much negative here. They have some debt as all growing cannabis companies do but are one of the few companies who has a line of credit at a reasonable rate with a major Canadian bank. I have seen people say the debentures are holding them back which could be a factor since Aleafia Health recently announced they intended to repay theirs in cash and the stock has run 140% since. However, this is not a concern in my mind as by my projections, Delta 9 will have ample cash to pay them off when they mature in 2022 and the cash is better used to expand their retail footprint. They had negative EBITDA last quarter but this was due to a one time write down, which we have seen other companies do as well unfortunately. The last two quarters before that they had positive EBITDA and I expect this upcoming quarter they will announce positive EBITDA as well. + +Fully diluted they have about 130 million shares...insider ownership is approx 35% so there’s not a huge share float and high volume could really get this moving! + +Forgot to mention their cost per gram is the best I’ve heard of in the industry (that’s counting all the major players) at $0.67! Even if it’s not the lowest that’s incredible for an indoor grow! + +Right now I believe this is a $3 stock, which would only value them at 5x their current revenue, which is still conservative considering how much growth they will see over the next couple years. + +Position: ~ 25,000 shares + +TLDR: $DN is massively undervalued and should be 500% higher right now and 1000% higher in a year. +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! + +✅🔥 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) +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! + +In my opinion TSM until 2023 is going to absolutely explode and dominate everything and one else in an unseen way. They will control the GPU and CPU markets in the desktop space (Nvidia Hopper is being made with them and Intel is rumored to go fabless in the next few years, they also manufacture all AMD products). They also control the console space with AMD so Xbox and Playstation and are manufacturing Apple's APU in their phone. I don't see how it doesn't become a 500-600$ stock in the coming years. + +&#x200B; + +Edit: Thank you for the awards, great comments and don't forget to do your own DD before buying or selling anything, good luck. + +&#x200B; +[https://twitter.com/kadhim/status/1593222595390107649](https://twitter.com/kadhim/status/1593222595390107649) + +Here is the Twitter Thread. + +Direct link to the declaration [https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf](https://pacer-documents.s3.amazonaws.com/33/188450/042020648197.pdf) + +I'll just copy paste what's in it since there's very little to add. + +&#x200B; + +* SBF to be investigated in the course of the bankruptcy +* Sam Bankman-Fried's hedge fund lent billions to... Sam Bankman-Fried (Paper Bird is his entity), so that's at least part of the answer of where the money went +* ~~FTX says the "fair value" of all the crypto (non stablecoins) that FTX international holds is a mere $659! (personal note: they do have 1$ bill in stable)~~ This was a mistake, my bad. Seems like the chart is in thousands of dollars, so they have 659,000$. +* "The FTX Group did not maintain centralized control of its cash. Cash management procedural failures included the absence of an accurate list of bank accounts and account signatories" +* This is mad stuff "I do not believe it appropriate for stakeholders or the Court to rely on the audited financial statements as a reliable indication" "The Debtors have been unable to prepare a complete list of who worked for the FTX Group as of the Petition Date" +* "In the Bahamas, I understand that corporate funds of the FTX Group were used to purchase homes and other personal items for employees and advisors" + +\*edit\* [Here's Hsaka on the values that were loaned out from Alameda to themselves](https://twitter.com/HsakaTrades/status/1593242382941638657) + +* SBF: $1b +* Nishad Singh: $540m +* Ryan Salame: $55m + +My take - IT could be FTX just used Alameda as a cover story, quite possible these guys were not doing any trading and just stealing customer funds. Having Alameda was a good cover story for them to use the money. + +Also SBF is a sociopath. +Last week, ORTEX became aware of anomalous intraday lending data that was being displayed on our platform. In response, we opened an investigation that is being conducted in collaboration with our third-party data partners. We would like to share some preliminary findings. + +The pattern that we observed for impacted stocks was Borrowed Shares and/or Returned Shares increasing in large increments at intermittent intervals throughout a given day, only to abruptly decline at a precise time later in the evening. While the scale of the issue varied by ticker, each stock demonstrated a similar pattern. We have not been able to identify any correlations or relationships between the impacted stocks. There have also been a small number of non-U.S. stocks that were impacted. + +As we continued to dig into the data, we uncovered additional stocks that exhibited the pattern throughout the month of October. As a result, we have expanded the scope of our investigation to cover a larger number of securities over a broader time frame. This is why the review is taking longer than we initially anticipated. + +While some of the impacted stocks command higher levels of attention than others (such as GME), the issue is not widespread in the context of our database that tracks tens of thousands of stocks all over the world every single day. Some stocks experienced the issue on multiple days (the maximum number of impacted days that we have uncovered is 3), while others were only affected for a single day. + +On days where a stock was impacted, we do not believe that the intraday lending data was reliable or accurate. Since intraday lending data is one of many inputs in our [short interest estimation model](https://public.ortex.com/changing-the-way-ortex-presents-short-interest-estimates/), the significant increases in Borrowed Shares caused large increases in short interest estimates that were not supported by market conditions or trading activity for those specific days. + +The impacted stocks that we have identified thus far are: BBD, BKR, CCL, CFG, CS, FRBK, GME, GPS, HBAN, ISRG, KMI, LCID, LVS, ME, MULN, NIO, NKLA, OPEN, PCG, RLX, SBH, SLB, SMFR, TAL, UBER, UMC, VRM. Please note that this is a preliminary list, as our investigation remains ongoing. + +Here are some charts that compare the anomalous days to normal intraday lending patterns. + +[GME](https://preview.redd.it/qegqp33jgkx91.png?width=1426&format=png&auto=webp&s=021781162eca10ee550af5c87d5d8596302302d8) + +[BKR](https://preview.redd.it/jodz3dmkgkx91.png?width=1415&format=png&auto=webp&s=fbbb0260c7bb32fd1d64271780d763f4ef688fd7) + +[ISRG](https://preview.redd.it/s9xkfcjlgkx91.png?width=1408&format=png&auto=webp&s=35fe96d6a7ce5c461140319db66014e74765ba35) + +[NIO](https://preview.redd.it/86w351imgkx91.png?width=1414&format=png&auto=webp&s=777db34f1fb6412c99786bd46ff0ba1d4b10783a) + +[WBD](https://preview.redd.it/asaph4fngkx91.png?width=1408&format=png&auto=webp&s=9673b808831322907f7441e0c0b2e9a86bd56f3a) + +We have shared our findings with our data partners, who have performed their own reviews and identified an underlying system issue. One of the data providers was incorrectly merging Borrowing and Lending data, which resulted in inaccurate intraday lending data. Our partners are working to address the underlying cause, which will require extensive testing and validation on their end to ensure that the problem is eliminated accurately. + +Our data partners are planning to implement the fix this weekend following testing and validation. Until then, ORTEX will continue to review and monitor for issuers that may exhibit this incorrect data pattern. + +# Distinguishing between intraday and consolidated daily data + +While we continue to work on addressing the underlying issue around the data that is being provided to ORTEX, other technical details around our data may add additional context. + +Our securities lending data includes both intraday and consolidated data. Intraday data, which includes various metrics such as Borrowed Shares, Returned Shares, and Cost to Borrow pertains to stock loans that are being requested and negotiated throughout the day. Occasionally, the borrower may book a loan but subsequently change their mind and not complete the loan transaction, which results in that loan being cancelled and closed unfulfilled. If this occurs, the data point is removed from the intraday data altogether. This is why intraday data is inherently more volatile, as market participants are dynamically making decisions that are subject to change based on market conditions. + +Once the dust settles, all of the lending data is then reconciled and consolidated. Any loan that is not completed will be excluded from the consolidated data. In other words, the Shares On Loan figure represents stock loan positions that are confirmed to have been completed. As a reminder, our platform covers 85% of securities lenders at the wholesale level. The consolidated daily data was *not* impacted by the data issue in question. + +Intraday data provides a real-time view into the lending market, even if some data points are subsequently cancelled. Consolidated On Loan data offers a balance between timeliness and accuracy, compared to the official exchange reported short interest information, since it only includes confirmed loans and is available well before exchange reporting dates. The prompt availability of this data has been crucial to traders in identifying short squeeze opportunities in certain cases, such as the GME and AMC episodes from 2021. + +ORTEX provides investors with both intraday and consolidated data to empower users with all available data points in order to make informed decisions, but it is helpful to recognize the context and limitations of each different perspective. + +Additionally, ORTEX is currently working on adding a consolidated view of daily short-sale volumes – including exchange data and off-exchange data – to our platform, offering even more insight into what the bears are up to. This dataset has its own nuances and limitations, but stay tuned for more. +I'm back with my plays this week. Last week I closed out half my positions and left a few on the table waiting for them to hit my targets. Since I still have some of my positions open from last week I made my watchlist longer for this week to keep an eye out on plays that become within my level. I've also had a lot of DMs asking for plays that can be used on a smaller account so I've included some tickers that require less capital to sell cash-secured-puts. These are simply positions I might be entering based on my own due diligence and analysis. + +**What am I doing?** + +I do technical analysis and selling cash-secured-puts 1 to 4 weeks out on stocks that are nearing key levels of support. My goal is to collect premium, but should I get assigned I have absolutely zero problem running the wheel on stocks I want to own. As a backstory I nearly blew up my account doing WSB-style plays in March but have regained all of my account and then some running this strategy since April. What I do now is basically wheeling on weekly puts. + +I watch over 200 stocks, I would say its 90% waiting game and 10% true technical analysis. My levels work, but it's normally because I am patiently waiting for an entry point. Yes that's a lot of tickers to watch, but I research my stocks on weekends and then monitor additional plays & levels during the weekday to see if there is an obvious setup I want to participate in. + +# Here's a few things regarding my strategy + +**1.** I don't over-leverage with spreads because if the stock price blows past your long strike and you assume max loss you need a lot of capital to actually be assigned the shares. For that reason I don't really see selling multiple spreads as a "Theta Gang" play and is still very high risk. If I do open a spread it will be a protective put for $1-5 just to protect myself should the company randomly announce bankruptcy. + +**2.** I only sell cash-secured puts with the capability to be assigned if need be. My goal is to never take a loss on a position and always wheel it back to profitability. If something has changed fundamentally with the stock then yes I will close the position and realize the loss. + +**3.** If IV on a ticker is very low, then yes I will outright buy shares instead. + +**4.** I only aim for 1-4% per week collecting on theta and an occasional earnings theta yolo. No call-buying, no spreads, only put-selling and shares! + +Honestly, that's about it. I'll go through some tickers on my watchlist this weekend and what I currently have open. + +# Open Positions From Last Week + +**FB:** 1x 18 Dec, 2020 $260 put sold to open. Up 50% on this option I sold, looking to sell early this week if we get a good pop and close it out at 60-70%. + +**MSFT:** Holding 100 shares. Up 1.75% on the position. Stock sitting at $215, my short-term price target is around $218-220 before I look into selling the position. + +**NVDA:** 30 shares. Up 0.24% on the position. Looking for $550 here. + +**PTON:** 1x 11 Dec 2020 $101 put sold to open. Up 25% here will look to close at around 50-70% profit range. + +# Chart Rules + +**Pink Lines** = Trading range & channel. I find stocks typically trade within certain channels until an event, such as earnings or some news which changes the fundamentals of the stock price changes the trend and a new channel is formed. + +**Blue Lines** = Key areas of support/resistance. I don't like focusing on supp/res levels every $2 down like some people do. I look at the bigger picture and find where where key levels of buyers come in to grab the stock. I'll try to sell puts there. + +# Master Plays This Week + +**CRM Salesforce ($248) - Earnings theta yolo** + +https://preview.redd.it/5hlc16s7w9261.png?width=2008&format=png&auto=webp&s=dcb46426a90ed8e650793a396dd3169866d48628 + +CRM has been the powerhouse is customer relations management throughout covid. High quality product that is converting more and more businesses into clients. Earnings are coming up this week so premiums will be juicy. The stock has been consolidating in a volatile range for about 2 months now. Uptrend still intact and close to the $240 support level where we will find some buyers. I'll be looking to enter a position here. + +**Positions I'm watching:** + +**1.** 1x Dec 11 2020, $240 strike put, sold to open for $7.60 or $760 premium. Return: 3%\* + +\*I'm selling the 0.33 delta put here. You can go to a lower strike and lower delta, maybe even $235 here and still get decent return. + +**2.** Shares with PT to $280. + +&#x200B; + +**TDOC Teladoc ($196)** + +https://preview.redd.it/oxkrfon8w9261.png?width=2008&format=png&auto=webp&s=17e8325121fd864ca372a0843290c88b9c9cec55 + +I entered TDOC a couple weeks ago and made a quick 2-3% return on my play in just 2 or 3 days after the stock price shot up. It's trading a little higher than when I entered my position last time, but still near the bottom of the trend channel (pink lines). I think anything close to $190 is a good entry point. I'll be keeping an on it and look to sell a 0.30 delta put option 4 weeks out if the timing is right. + +**Positions I'm watching:** + +**1.** 1x Dec 24 2020, $185 strike put, sold to open for $7.00 or $700 premium. Return: 3.7% + +**2.** Shares with PT to $210-$215 + +&#x200B; + +**PTON Peloton ($109)** + +https://preview.redd.it/50dyatq9w9261.png?width=2014&format=png&auto=webp&s=2b48033779e4020c17d56afc0f5ae61bf1478246 + +I already have a position in PTON open. I sold a put when it was down 6% in a single day last week. I think anywhere sub-$100 level there will be buying pressure to keep it up. When it broke out to $140 it quickly reversed back to the mean stock price and into the channel. Weird how that works ;) Looking at the chart would you buy the stock when it the stock price was going vertically up from $100 to $140? I try to avoid buying on vertical lines unless it's a vertical line down on a stock ticker I like. The trend is still up here even though it has wild swings. Eventually this ticker will lose it's juicy premiums when volatility goes down. I'll try to capture some theta in the mean time. + +**Positions I'm watching:** + +**1.** 1x Dec 24 2020, $101 strike put, sold to open for $4.45 or $445 premium. Return: 4.4% + +**2.** Shares with PT back to $120. + +&#x200B; + +**FSLY Fastly ($85)** + +https://preview.redd.it/hj94e0uaw9261.png?width=2010&format=png&auto=webp&s=b5a60aea9ece06cbf4d4b68f01b387f9cbecc1d2 + +FSLY also trading in a range approaching that $85 resistance level. It might take off, but if it doesn't I will look to sell a put option around the $78 strike where I think we can find some buyers for the stock. This is another ticker that has volatile swings, but also has been trading steady in a range. Looking at charts like this helps me see where the stock is going and what it is doing. If you look at the daily or intraday you lose sight of these things because it has such wide swings. This will lead you to easily being spooked out of your positions or selling too soon. + +**Positions I'm watching:** + +**1.** 1x Dec 24 2020, $78 strike put, sold to open for $3.75 or $375 premium. Return: 4.8% + +**2.** Shares with PT up to $95. + +&#x200B; + +**PRPL Purple Mattress ($30)** + +https://preview.redd.it/vuhm3jhgw9261.png?width=2016&format=png&auto=webp&s=d046c3360fa4f934bed1359f6161bd6978ead639 + +PRPL is outside the trend lines and outperforming and also right at the resistance line. Sounds cliche, but the stock will either continue up and outside the range, where I will not touch it, or come back down to the $26-28 range where I will look to sell some puts. IV is still high on this ticker and makes premiums good to sell on. Will need to see where the stock goes this week before any decisions are made. + +**Positions I'm watching:** + +Waiting for a dip and for the stock price to come back into the channel. Waiting. + +&#x200B; + +**GME Gamestop ($16)** + +https://preview.redd.it/vtkwue8iw9261.png?width=2010&format=png&auto=webp&s=32d965a94bbbe19f90cff7f9280dca94c4d47e09 + +The possibilities where this stock can go are infinite. Premiums sky high. Strong support at $11 and we have some at the $14 range. If we get another up day of 10% tomorrow I won't touch this stock, otherwise I might sell some puts 4-6 weeks out and try to capitalize on the crazy IV this ticker has. This is a higher risk, higher reward play that I am willing to take. Why? Short interest is sky high. When the stock price increases, shorts will cover their losses which will squeeze the stock higher. If the stock price goes down, we will see some dip buyers and also potentially some shorts closing positions for break-even. + +**Positions I'm watching:** + +**1.** I will look to sell puts at an appropriate strike when the time comes. If the stock is up 10% Monday I won't chase it. + +# Long-term holds I am watching + +PLTR (Palantir) and AAPL (Apple Inc). Unfortunately AAPL has terrible premiums so I can't collect any theta on it, but I do like the pricing point going into the holidays. Some of the main tech stocks have been under-performing for some time. I think there is a good opportunity to get some before they begin to take-off again. + +I did some research on Palantir stock this weekend and I gotta say I like it. The stock has almost tripled in just a few weeks, but I will be looking to enter some long-term positions in shares if or when the stock dips. +G'day cunts, I've missed shitposting with y'all this past week but I'm proud/scared to see DLC taking a deeper place inside this sub. If ASIO asks, I hadn't nothing to do with it. + +In the meantime, I've been distracting myself from real life tasks by joining the algo revolution and learning how to use python for finance. Being a masterful procrastinator, I took on the challenge of using nerd power to figure out how much of a meme Red Fridays are. + +#**What do I mean by Red Friday?** + +Since I've been on this sub, the general sentiment is that the market shits the bed more often than not at the end of the week. Pre-market threads are filled with nervous posts, and orders for lube in preparation for the onslaught of red triangles. +But what if there was a way to turn the tide on the Friday red market dildo, and shove a green one back up Tomsexx? + +#**What are BBOZ/BBUS?** + +Once upon a time, BBOZ and BBUS were the hottest tickers on this sub. Veterans of this sub already know them intimately, having being fucked hard post pandemic crash last year. + +[BBOZ](https://www.betashares.com.au/fund/australian-equities-strong-bear-fund/) and [BBUS](https://www.betashares.com.au/fund/us-equities-strong-bear-fund/) are leveraged BEAR ETFS (🌈🐻). Their value is negatively correlated to the S&P/ASX 200 (BBOZ) and S&P 500 (BBUS). For every 1% decrease in the ASX/US markets, BBOZ/BBUS should increase 2-2.75%, and they go down the same amount for a market increase. If the market is going up, putting your money into BBOZ/BBUS is an excellent way to lose it. By design, they go down over time, but they let people hedge their more risky positions, which none of you fuckers care about anyway. + + +#**The Hypothesis** + +So with this 🌈🐻 primer, we are ready to experiment. + +If the market does indeed crash regularly on Friday, and we are not being [Fooled by Randomness](https://en.wikipedia.org/wiki/Fooled_by_Randomness), we can use BBOZ/BBUS to make money. + +All we have to do is buy BBOZ/BBUS at open on Thursday, and sell at close on Friday. A simple strategy, which I tested with historical data scraped from Yahoo Finance. + +#**Nerd Method Shit** + +Using the [Yfinance library](https://github.com/ranaroussi/yfinance), I yoinked the opening and closing prices of BBOZ/BBUS over the 1yr and 3yr time periods. I then ran a script that would buy at open on a given weekday, and sell at close the next day (e.g Buy Monday Open, Sell Tuesday Close). This gives me data sets to compare for this swing strategy to see if what day you choose really makes a difference. Each transaction includes the $9.50 Brokerage fee that you would pay from using SelfWealth. Because this script trades frequently, brokerage fees are a fucking bitch and you have to stay the fuck away from that slut Tommsex with his cucked progressive fees. The higher your starting portfolio balance, the lower the relative percentage cost is for brokerage therefore you make more money. If you tried this starting with only $1k, you would need to make on average (9.50/1000) = 1.9% return with each trade to profit. + +Starting with a balance of $10k, well below what many of you degenerates are fine with risking daily, I plotted the results for each Swing day pair, and compared it to the return of the ASX/200 (IOZ) over the same time period as a benchmark. + +#**Result 1, Don't do this with BBUS** + +[Here are the results from Swing trading BBUS.](https://imgur.com/a/BdNEs09) **They are fucking garbage**. You'd make more money in DLC over the same time. The Thursday to Friday swing does perform the best out of all combinations, and give a positive return, but if you sat $10k in IOZ you'd be $2k richer. + +There is a fun peak visible in the 3yr chart during the 🌈🐻 Pandemic Party for Wed-Thurs Swinging, but over time we see the Account Balance dwindle. This is what we should expect from the natural decay of the BBUS instrument if there are no days where the market regularly drops. + + +#**Result 2, BBOZ = $$$$$$$$, RED FRIDAYS ARE NOT A MEME 🤡🤡🤡** + +[Here are the fucking cooked returns for BBOZ.](https://imgur.com/a/P6n8CXe) I don't know what to say. Finance is a lie. If you bought BBOZ at Thursday Open, and sold on Friday Close, every week for the past 52 weeks, **you would have an 84% Return**. Starting with $10k, you would finish with **$8.4k profit**, and **beat the index cucks by ~$5k**. + +Looking across the 3yr period, we see this strategy fails before the pandemic, but something fucking crazy has happened. The market gods have henceforth declared Friday to be Red as a sacrifice, perhaps in exchange for the insane recovery. + +Breaking down the data further, [here are normalized histograms of the return % for each trade](https://imgur.com/a/RBwaUrm) across the respective time period for the Thurs-Friday swing. From a simple gaussian fit, the average return for a Thurs-Friday Swing is +1.281% over the past year, with a standard deviation of 3.295%. + +#**Conclusions** + +Red Friday has been real for the past pandemic year in Australia, but does not work using BBUS. We haven't been imagining things, this is a real phenomenon. If you had acted on this exploit, with this strategy **your portfolio would be up +84%**, starting from $10k and using SelfWealth. + +#**Why am I posting this here for everyone to see?** + +**1. I want validation and I want to show off my new python skills.** + +**2. I don't have enough money to exploit this properly, its all tied up in Uranium** + +I will not be trading BBOZ weekly, in spite of this stupidly high return that exploits a literal ASX_Bets meme. + +**3. Past Performance =/= future results.** + +Just because it has happened historically, does not mean it will continue. Its a weird, spontaneous pattern that hasn't gone away and has fucked us repeatedly this past year. Maybe this post will change that. + +**4. Its fucking hilarious and I can't not share this now** + +#Appendix: Return of Green Monday + +So just as an afterthought, I tested the corollary, what happens if you buy the Long leveraged ASX ETF (GEAR) for the same swing? + +[Here are the results.](https://imgur.com/a/cZO40Ro) Monday to Tuesday swing returns the greatest, at 94%. GEAR has performed very nicely this year, as you can see with the black line, but the Mon-Tues Swing is still beating it. What would happen if you combined the BBOZ/GEAR swing? 🤔 + +#Appendix 2: I am an unstoppable Leverage Monster (combined BBOZ/GEAR Play, 270% return) + +Alrighty so after that cliffhanger of an appendix, this is the result. Took around 1hr of abusing my spaghetti code to produce this [INFINITE MONEY GLITCH](https://imgur.com/a/sC2xtGe) (leverage is one hell of a drug). + +Just ignore the awful market performance in the 3yr chart pre-pandemic crash, something has happened that has made this play insane this year and I don't know what, I'm tired and getting lost in the sauce, catch y'all tomorrow. +Alright guys and gals, a fair bit has happened since my last DD. See link here. + +https://www.reddit.com/r/ASX_Bets/comments/jug60z/av1_follow_the_smart_money/?utm_medium=android_app&utm_source=share + +But the tldr is invest in stonks that smart rich people invest in. Like how you would when Bevan Slattery buys into something. But in this case, we're following Mark Mcconnel. + +Recap on who Mark Mcconnel is and why he joined AV1 in following links: https://stockhead.com.au/tech/why-this-nine-time-young-rich-lister-joined-the-board-of-a-14m-adtech/ + +https://stockhead.com.au/aftermarket/nothing-beats-hard-work-three-pieces-of-advice-for-traders-from-a-nine-time-young-rich-lister/ + + +Ok so the reason for this DD is that since my DD at 12.5c around 2 months ago (current SP is 18c, high of 22c as recent as 13th Jan 2021, low of 16.5c 29th Jan 2021, current market cap $64M) the following events have unfolded. + +• Mark bought another $1.12M worth of shares at 14c. + +• Petra Capital bought 2.4M shares at 17c on 25th or 26th November 2020 (forgot which) + +• Morgan Stanley recently accumulated $245k worth or shares at 19c. I say accumulated instead of bought because I'm speculating they didn't want the price to run and just scooped up whatever retailers were selling, which hasn't been much as volume has been quite low lately. + +• Av1 scores big institutional supporter in Wilsons https://www.afr.com/technology/adveritas-scores-big-institutional-supporter-20201202-p56jt3 + +• TrafficGuard was recognised as the Most Effective Anti-Fraud Solution at the 11th Effective Mobile Marketing Awards, which was attended virtually by more than 150 representatives from brands, agencies and mobile marketing firms. + +• I found out (but didnt include in first dd so am mentioning it here) that Mark spent circa $100k on external consultants to audit AV1 and make sure it had the goods. + +• Announcement came out 4th Feb about their contract with Deezer. Deezer is bigger than Spotify in Europe. And deezer have an exclusive agreement with fitbit. And fitbit was purchase by Google recently. + +• Also, this bit of news came out recently https://www.skynews.com.au/details/_6227480537001 basically saying a "fresh legal battle is brewing against Google over claims the tech giant is turning a blind eye to 'click fraud'. 'Click fraud' occurs when a bot imitates a legitimate user and clicks on an ad. This drives up the cost of advertising as it is based on a pay-per-click system. Lawfirm Matrix Legal says it has been approached by a number of small businesses citing growing concerns over the practice." Not much of a leap to see how AV1 will be involved since they have partnered with Google already. All we need is news and details of the partnership for rockets but they're tightlipped about this... for now. + +• Just like they've been tightlipped about all of their other partnerships, bloody tucked away on their website rather than announced the the market. On this link you'll see names such as Instagram and Snapchat. Fukn huge! https://www.trafficguard.ai/partners/ + +I had someone else do some research on AV1 for me and they came up with something pretty juicy. No segue, just gonna shoehorn it here: + + +Recently applovin acquired Berlin's adjust platform. + +https://www.bloomberg.com/news/articles/2021-02-03/applovin-is-said-to-acquire-berlin-s-adjust-in-1-billion-deal +Adjust are an MMP ; Mobile measurement platform. + +These are the guys that usually determine where the download came from and then provide analytics. + +Fraudsters now send synthetic signals and make the MMP believe it was them that drove the download. This is called misatribution.  These MMB Companies are valued in the billions (as seen in the Bloomberg article + +Adjust is purely sitting in mobile. Rumour has it TrafficGuard  have beaten them many times when clients are comparing the two. + +Does this make Av1 an aqisition target aswell considering as they can be the perfect bolt on for any of the following : +IAS + +Moat + +Appsflyer + +Double verify + +Adjust + +Major game publishers. + + +It would be silly to discount the fact that if billion dollar acquisitions are taking place for companies that have less than half the capability that Av1 is not in the cross hairs aswell (this is purely speculation but it just makes sense to me). + +The huge issue facing the advertising industry atm and why “TrafficGuard multi point (pre bid, impression, click, download/event) system is so important is because they look at every single interaction of the consumer. + +MMPs only look once the install has occurred. So usually they use a last click attribution system which fraudsters cram with click spamming, click hijacking, click injection) + +With TrafficGuard as a pre filter to the MMP if is able to determine what click to send on to the MMP so it can do it’s job better + +Ad fraud is a $42b problem and growing to $100b by 2023 (juniper research) + +Fraud exists across ALL digital marketing channels. + +These billion dollar MMPs only exist in mobile. If you have a website, they can’t help you. If you spend on google, they can’t help you. If you spend on programmatic channels, they can’t help you. + +Ias, moat and Double verify all worth billions can only help you on programmatic. They only look at the impression so they miss all the fraud. + + +So there you have it. My personal price prediction using tea leaves is 40c to 50c within 4 to 6 months when the quarter is due on their next quarterly update, as per their annual presentation they are expecting this quarter to be when their land and expand contracts with in their own words "some of the biggest companies in the world are under trail" and believe a large number of them will convert to paying customers. + +Get on it. +This is just to show how we have come a long way from 2013. Or have we? + +Not all of those who were "early" knew what the future would bring and there has always been a huge amount of uncertainty around. I wouldn't even dare to amount the people who have lost their keys during this time. It seems that even when you are uncertain of things you should never burn all of the bridges. + +>But in the end, the answer was obvious. The world's most popular digital currency really is nothing more than an abstraction. So we're destroying the private key used by our Bitcon wallet. That leaves our growing pile of Bitcoin lucre locked away in a digital vault for all eternity – or at least until someone cracks the SHA-256 encryption that secures it. + +Source: [Link](https://www.wired.com/2013/05/butterfly-live/) + +Wallet: [1BYsmmrrfTQ1qm7KcrSLxnX7SaKQREPYFP](https://www.blockchain.com/btc/address/1BYsmmrrfTQ1qm7KcrSLxnX7SaKQREPYFP) + +Edit: Some of you guys were asking if they ever made an update, thanks u/mutso1976 for this [LINK](https://www.wired.com/story/wired-lost-bitcoin/) (2018) +Just dipped into Cineplex after watching it for a while. I think there could be a pseudo Renaissance of the movie theatre experience after the pandemic restrictions are lifted, or even eased back. I think it is also a lot more stable than our neighbour's to the south's version in AMC, and with just as much potential upside. (Aside from meme explosion possibility.) I didn't put a huge stake in it, only 400 shares at 12.15, but for me this is about as much as I want to throw at it right now, with the potential to increase my stake in a month or so. Going to feel out the waters some more. + +Is this something other people have been looking at recently, and if so, why have you, or have not pulled the trigger?. +I've repeatedly seen anecdotal references in the US + UK to staff shortages. I also read in the FT that European workforce participation is at decade lows and there are lots of specifically affected specialised industries (e.g. Truck Drivers) and (relatively) unskilled industries (e.g. waiting staff). + +However, wages are increasing and economic inequality increased during the pandemic (so most people should be relatively worse off). + +If there are staff shortages and people are struggling/poor — why do we have shortages? + +Also, if it is a matter of skills (e.g. we need to train people to drive trucks) there has been >1 year of time to do this: why hasn't the market provided it or government intervened to support (financially/cutting regulation etc) +A common Marxist argument is that, as capitalism progresses, enterprises eventually develop larger and larger and into oligopolies and eventually monopolies that slowly destroy competition. They say that capitalism would eventually be destroyed by itself because there would be less and less competition because of increased monopolization. What are some arguments against it? +Hi, + +On a Saturday, August 15th, 2020, I opened a bank account with Bank of America since I was informed that you could have a bank account without a local branch being near you. I'm fairly new to the US, and where I'm from all major banks are nearby all the time, so I thought maybe it was some American-thing. + +I opened my account online, was accepted for a Checking account and a Savings account and they sent me a debit card in the mail. I transferred my savings from Credit Karma into that savings account. I also sent money from my old small-town bank checking and savings into their respective accounts with a direct bank transfer. + +All was fine until Monday, August 17th, 2020, when I went to log into my account and saw they had closed my account. When I called to find out why, they couldn't say but informed me if I went in person, they'd keep the account open. Nearest branch was 2 hours away, so I said never mind. It took a few days, but my direct-bank transfers were refunded into my account. However, my Credit Karma money was gone. They told me they would mail me a "cashiers cheque" (not sure what that is) and it would take 7-10 business days. + +For the days following, I contacted them again and again and the dates kept changing (3-5 business days, 2-3 weeks, etc). Finally, I called one more time to ask to speak to someone higher up who maybe could give me more info, only this time they wouldn't tell me **anything** because I "had no security questions set up". When I told them this was the first time they asked me any security questions outside of my name, date of birth, SSN and address as well as how long I've lived at this address, they said their "security policies have been updated". The last thing I was told was it could take 2-3 weeks and then another 7-10 business days on top of that to process and send the cheque. + +It is currently Monday, September 14th, 2020, and no cheque has yet to be delivered to me. I can't get any information from them and I don't know what else to do. Sad to say, if I'm stuck I'm willing to let go of it as the amount is less than $1,000USD. However, still a good chunk of money and I've only recently managed to get my financial life in order so losing a decent-sized amount of money is a little upsetting. + +I've also failed to mention that my time in the US has been short, but I **am** a dual citizen of the United States and Canada and I hold passports for both countries. + +Any advice? Thanks in advance. + +&#x200B; + +EDIT: I really appreciate all of the assistance you've all given me, and it makes me happy to know there are possible solutions but it makes me happier knowing that so many people I've never met have offered me so much good advice. Whatever ends up happening, I really appreciate all of your assistance. I didn't expect this many replies, so initially I planned on replying to everyone but that won't be possible for me, sadly. I'll update with the results of the various options you've offered! + +&#x200B; + +EDIT 2: I should also mention that I wrote "the amount is less than $1,000USD" as I'm used to not sharing a lot of my finance info. It's considerably less than $1,000. Even if it's $5, it's not cool, but believe me if it were for $1,000 I'd be making a much bigger deal. Also, for personal reasons, I'm unable to travel very far these days. I don't have a lot of friends here and the ones I do have that could **maybe** help me get there are sheltering-in-place due to COVID. The state I live in is pretty awful COVID-wise. Again; thanks for everyones help. +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! + +Where do you think we are in the market cycle? + +&#x200B; + +It would be interesting to see where people think we are currently. + +[View Poll](https://www.reddit.com/poll/9zgzbf) +So I just want to take a practical examination of the stock we all like so much. Just to go over some points of what I think are the bear case for gme: + + +So in conclusion this, based on factors I listed, is the bear case for GME. I’ll be honest I know a lot of people aren’t going to like or even agree with all the points I mentioned in my post above but I do think it’s fair we take an honest look at our investments. +Probably won't get as many upvotes as my first post lol but it seems important to share losses too. As many of you predicted, I quickly lost what I made on Friday. Some of it was bad luck, but mostly it was me FOMOing into green candlesticks just to watch them break below VWAP and plummet. It's all about learning and growing boys and girls +According to [our world in data](https://ourworldindata.org/extreme-poverty#the-evolution-of-extreme-poverty-country-by-country) 1.2% of the United States is in extreme poverty (less than 1.9$ 2011 dollars a day). + +My basic question is how? Doesn't basic welfare add up to more than that? The statistic says 'per capita household consumption'. Does food from a soup kitchen count in this consumption? Don't food stamps alone put you over this number? How do the medical/housing benefits that most states/localities offer not put these 3 million people over 1.9$ a day? How is Sweden at 0.5%? Don't they have a very generous welfare program? Does this maybe include illegal immigrants or people who have fallen through the cracks of the welfare system? + +&#x200B; + +I also noticed that China is at a 0.7% (lower than America!). Does this mean that rural poverty in China has been basically completely eradicated? Does China really do better than the United States on this particular metric? + +&#x200B; + +Edit: It appears as though /u/Libertine-Queen has got to the heart of the issue. The data for the United States does not include many forms of welfare and non-traditional incomes. Therefore, unfortunately, Our World in Data is highly misleading using these numbers for the developed countries on this list (especially ones like Sweden with robust safety nets). 'Consumption' is definitely not the appropriate word to use (which is unfortunate because Out World in Data is normally very good). + +&#x200B; + +Edit 2: /u/raptorman556 has found a paper that convincingly calls into question this number: [https://www.nber.org/papers/w25907](https://www.nber.org/papers/w25907) + +&#x200B; + +Edit 3: After some digging I see that Our World in Data gets into this problem here: [https://ourworldindata.org/extreme-poverty-in-rich-countries-what-we-know-and-what-we-dont-know](https://ourworldindata.org/extreme-poverty-in-rich-countries-what-we-know-and-what-we-dont-know) +I have about a grand to dump into a speculative stock. Please let me know what companies you think can at least double this year. So far I have the following list that I am interested in: + + +GDNP + +PNG + +DGTL + +GRN + +Edit: Canadian only please. +If the minimum wage becomes $15 an hour for someone working in fast food with no higher education, what about some one who is already making $15/hr with a college degrees taking on an entry level job in their field that does require a degree or those who are making just above them like $17 or even $20? Wouldn’t they want their wages to be increased too to make it fair, which in turn would increase all of the rest of the wages through like a domino effect? +The stigma and punishment for price gouging has led to shortages, and a couple sellers on amazon selling for really high prices. + +If we normalized surge pricing, wouldn't that discourage hoarding and make all this go back to normal much more quickly? + +Or if not, what's a better way to discourage hoarding? + +Could there be a lending library where people give a roll today with a promise to receive two rolls in a week? +Listen. Don't let other people mold your mind as if it were clay. This whole 90% of traders lose money is total hog wash, it's a direct psyop attack on your confidence, don't doubt yourself. That statistic includes new traders who deposited 200 bucks into a small account, used a position size to large and got wiped out with a 30 pip movement, they are never coming back and this happens on a day to day basis, every day some new guy deposits money, does not understand the system and blows the account up. That is not trading and it's these people that inflate that retail % success rate. + +For the most part ( this sub can be a disaster sometimes ) you guys seem to have your heads screwed on correctly and treating your trading with the respect it deserves, you will make it so long as you stay pragmatic and in it for the long haul. + +You can be that fast Ferrari doing 300mph then lose control and go up in a ball of fire or you can be that very large slow semi trailer, trucking along hauling all the experience and knowledge around with you making the correct choices. + +Obviously if you're new you need to educate yourself first, if you've been trading for longer than a few years and still above water congratulations you are not part of that 90% of traders even if you have lost slightly more than you started with, you're still around and on a trajectory towards success. You've felt the pain of loses, you've felt the glory of elation but the most important part is that you are still here. + +Do not let them tell you "you are a retail trader and therefore less skillful". I bet some of you can out trade the worlds best given equal resources, alas, this is not reality, we are at a constant informational and mechanical handicap just the fact that you're still here throwing punches means you are winning the fight. + +This is for those who are a little down at the moment, please don't use this to over inflate your ego and make trades you would not normally make. Take a deep breath and be indifferent to my words. + +&#x200B; + +/Bro fist from Down under. +Hey, + +I’m currently working a full time factory job (38 hour weeks, $23 an hour), and up until recently, basically all of that was just going up my arm/blasted into alcohol/cigarettes/other substances/gambling. + +I’m trying to actually do something with my life now instead of taxing my body quite heavily, so I want some tips on how I would do so. + +As it currently stands, I’ve got a few debts (in total around $2000, the repayments of which are roughly $400 a week all together), I don’t pay board or lodgings, and my only real expenses are $10 a day for food, and maybe $60 a week on cigarettes. + +What’s my best approach for creating a sustainable financial future for myself? + +Thanks. +Inspired by https://www.reddit.com/r/AusFinance/comments/plid2t/what_do_you_do_in_a_corporate_job + +There seems to be a lot of people in highly paid, cushy, basically fake jobs, where fake job is either all you do is put random data into excel, create random PowerPoints and send random emails and the like OR you actually do some challenging work but on fake tasks/for fake organizations that don't actually create any value for anyone. + +I don't judge! As a software developer I've had fake jobs myself, of the latter category - challenging but ultimately meaningless work. One was building for a university an elearning app that never really saw the use it could have, the other was for a doomed music startup that was really just a vehicle for some scammer founders and execs to defraud mom and pop "investors" who thought they were investing in "the next Spotify". (they weren't) + +I'm glad I'm now out of them and my current gig feels more like a real job, but at the time I had those fake jobs, it was what I needed to pay the bills and advance my career. + +Also, many people have families and hobbies and other priorities outside of work, and if you're one of those people for whom work simply isn't a priority in life (hard to argue with that), and you can keep making good money doing little to nothing at work and spending that time and energy elsewhere, kudos to you as far as I'm concerned. At the end of the day, when you're dead, your employer is not going to remember or care if you busted your ass for them for decades, but *you* will regret all the time you didn't spend on doing fun stuff and hanging out with family and friends. +I read their reports sometimes and enjoy them (the 30-something pages inequality one was great imo), but I guess it wouldn't hurt to ask whether they're good or not. What are your thoughts on them and their reports? +As the title says I'm into crypto pretty deep. I was in crypto briefly in 2013, but only really hit the ground running in 2017 and never looked back. In 2017 I made all the usual mistakes, got into the wrong coins, entered some dodgy exchanges and sold the wrong coins (like selling Enjin on its first day after investing in the ICO). In 2018 things got worse, with shitcoins driving the BTC value of my holdings down by half. + +Now I'm sitting really pretty and feel like I have "clicked" to the point where I am generally making money in crypto and quite a few people ask me for advice on what to do, strategies etc. Here are some of my tips, observations and ideas. + +1. Don't trust anyone. Assume everybody you are talking to is a friendly thief who wants your money. That includes people shilling particular coins, or anyone asking for your crypto to invest, to random people that message you. (And yes ironically this means don't trust me, but you'll see I didn't mention my altcoin holdings and I am deliberately staying quiet on what my 800% defi pool is :) ) +2. Every position you enter should be a fixed percentage of your portfolio. I prefer 1% for a typical trade. Risky uniswap gems might be 0.5%, very strong longer term positions say 2-5%. +3. Have your portfolio value in BTC (or ETH if you prefer that). Your goal is to increase your BTC value. Each trade should be from BTC, and then exit back out of BTC. Log all transactions in blockfolio etc under the BTC pair, so you can see how much BTC value you are gaining. Don't worry as much about USD gains, as in a bull market its easy to make USD value gains. BTC is the end-game here so you want to accumulate BTC, especially if BTC dominance is falling. +4. Have a portion of your portfolio allocated to farming or staking. If you have a coin sitting somewhere for ages, ask if there is some way for you to make money from it. For example, I have a large stack of BTC and ETH, so rather than have it sitting doing nothing, I wrapped the BTC and entered a Sushi Farm. Months later the rewards from that farm are worth something like 25% of the amount I initially invested. Every so often, harvest the rewards and either re-farm (compounding) or shift to your long term hold. Remember compound interest. There are opportunities for very high returns (without ponzi aspects but be careful) - find those, constantly take and re-invest the income and the gains are quite extreme. +5. Have a dedicated stack of BTC or ETH that is your "HODL" portfolio that you never touch. Preferably in seperate legal entity (like a trust) than what you trade with. This will help for taxes. Every so often, move some profits into that long term stack. I don't do anything with that stack at all, it is just my safe holdings. +6. Spend as much time learning about tax as you do trading. Tax is something you kind of need to understand upfront - you can get way more rekt from bad tax approaches than you make gains with good trading. And keep your records safe - download all trade histories at the end of every quarter. +7. Use telegram (or discord). Find really helpful smart and useful people and stick to them. Find helpful trading groups. Eventually they will be a vital source of information or just ways to bounce ideas off. Check out my previous post for a full guide on "must have" telegram groups. +8. Read the crypto news as much as you can. Its amazing how often something pops up (e.g. grayscale announcing new trusts with other coins) and there is still a decent amount of time to buy. And always have some BTC on an exchange ready to buy on such an opportunity. Again, telegram is great for this as you can quickly see tweets or news-links being shared. +9. Have a preset % of gain or losses whereby you will sell if it reaches that. For example, for most coins, if a coin ever goes up more than 30% vs BTC in a day I always sell. 95% of the time that works out as better than holding. In the rare event I double my position I always sell the principal immediately (I did this twice this year - with Ethernity and Blind Boxes). +10. Always have an idea as to what the current "climate" is in terms of what is moving and in favour. Crypto markets often move with certain sectors at a time. For example, if you look at the Coin Gecko categories list, you can immediately spot what is "hot" right now. Last month it was NFTs, so I was heavy in that space, but now that sector is cooling. The binance smart chain and exchange coins are doing very well right now - if that is the case what else might move? Well other low gas blockchains could be an idea - especially if they have defi - so Avax, Raydium etc are all moving too. Soon it might well be BTC's time to gain as the expense of alts. You should be rotating in and out of positions to try and go with the ebb and flow of the market. +11. For newcomers, start with basic stuff like accumulating bitcoin, learning to use a wallet, security etc. Don't just dive in and ape into defi coins, wsb style. It may suck that it feels like you are missing all the gains from the "hot" new coins, but it will equally hurt if you are just burning through your capital. +12. Look out for free crypto opportunities. They key here is sorting out the gems from the scams. This isn't just staking etc but also things like reddit moons and airdrops. A lot of people are even "airdrop farming" whereby you have wallets that carry out certain activities deliberately to try and qualify for future airdrops. Coin market cap earn and coinbase earn are two more. Even something like the binance "dust" feature to turn dust into bnb is a way of generating some more bnb (even if its tiny). Check out my previous post on free crypto and ways to get passive income +13. For farming, make sure you are using the right apps like zapper or apy vision to track all your positions, your yield and any impermanent loss. That will also help with tax records down the track, should you need it. Watch out for farming on the ETH network as your gas fees will chew up any gains if you have small positions. Check out my previous post of sushi farming for how the rewards and gains work +14. Track all your numbers, your gains, your investments and portfolio change religiously, preferably in an excel document. That way you'll know how you are performing and if something is going wrong. Again, I wish I had done this more in 2018. +15. Have an "emergency reserve". For me, this is actually my stock positions, many which are crypto related, but you could have gold or cash (I especially like the idea of something like stable coins lent on FTX at a decent interest rate). If we get some kind of crypto turbo dump which is 40%, you can then have that as money on the side-lines ready to buy. +16. Constantly educate yourself. For me, I still need 3-4 hours a day to research and learn about crypto. I find crypto podcasts and even youtube vital sources of information, provided you are listening to the right people. Mix up your education with news, technical strategies, trading updates, altcoin news and even just the general philosophy behind sound money and financial sovereignty. +17. If you win or lose on a trade, delete that coin from blockfolio immediately. Why? Because you have exited that position, and seeing it jump up again in price is just going to torment you. You've made the decision to sell, don't even up revenge trading where you come back and try and get your losses back on the same trade. +18. Never margin trade UNLESS it is only because you want to minimise your funds at risk on an exchange. Even then I'd avoid it. Unfortunately many exchanges make this very hard to use - and there are confusing terms and default options which can rekt you (for example, positions that will drain your other funds instead of liquidiating the trade if falls too much). In fact, I avoid almost all USD pairings and only trade BTC pairing, unless very special circumstances are in play (such as ripple being delisted from coinbase). +19. Never hold more than around 10 coins. I used to have up to 40 at a time, it became impossible tracking them in terms of activity, prices, and god the horrors of trying to maintain enough wallets for them. 10 is enough diversification. I used to have a "bag" of around 15 moonshots - that strategy never worked as even if one "Gem" actually made it big, the losses from the other ones cancelled out. Typically if I had a huge gain from one of my coins, I sell back to BTC and waits for other opportunities. This isn't Pokemon - don't try and "catch them all". +20. Falling in love with alt-coins is like falling in love at a stripclub. Yes trade them. But just be conscious that their chances of beating BTC long term are very unlikely. Just look at all my 2013 gems (peer coin, feather coin etc). Heck I bought World-Coin because I read about a "bitcoin genius teenager" who made millions from crypto and said World-Coin was the next bitcoin. And I've made my mistakes as well going forward, holding on for dear life for nano (yes I know its fast and instant!) and grin. I think the tech for both coins is great, that doesn't mean its a great trade. If you want to marry your alt-coins then you will be lucky if you only lose half your money like a real world divorce :) +21. EDIT. Bonus one. Always learn from your losses (and I have MANY). I like to think of crypto as like a computer game where you are gaining new skills. Think of RPG games like Baldur's Gate or Warcraft. You can earn money or experience, and use that to gain new items or skills that protect you against certain things. So maybe you lost $500 to a "rug-pull"? Well do your research and figure out how to avoid that next time. Maybe you'll spend the next 2 weeks mad about it, but next time a potential rug-pull project comes along you'll dodge it - congratulations you now have learned "immunity to rug-pulls". Keep learning and gaining more experience and you'll start avoiding all the traps. +22. EDIT 2: You are going to have MANY scenarios where you see a coin that has gone x1000 or to some ridiculous crescendo, where you feel utterly compelled to buy to avoid missing out. This is the obvious trap (if you want an example of this look at Safemoon right now. Bitconnect was the one in 2017 and there are others). At some point bitcoin or ethereum will do a similar run up, and many people outside crypto will do the same thing. Yes this can be irresistible but you must resist the temptation - think of the cryptos has being a bunch of boats on the wharf, and there are thousands of boats. Every day another hundred turn up. Why are you going to try and jump across the water to get to the boat that is already leaving, when if you wait a bit another few dozen will turn up in five minutes? You'll just fall in the water and miss out on those new boats! +23. If you must trade as a new-comer, I highly suggest trading the smaller / middle cap BTC pairs. Not the USD or margin pairs. Certainly not something like futures contracts on FTX. Why? Because if you are on bitmex / bybit / ftx etc you are swimming with the whales and sharks, quant funds, robo-traders and the like. If you entered the casino for the first time in your life, would you immediately go to the blackjack table with James Bond and Dr Evil? The smaller BTC pairs are more likely to have less experienced traders - my trades actually went positive once I moved from USD pairs on margin exchanges to spot BTC trades with altcoins. +24. Last edit before bed (I promise). The chances are, crypto is still cyclical. That means we will have another bear market, or at least a very long boring period of no gains. If you have just joined crypto, you probably won't "make it" this cycle, as we may only have 6 months to a year to go. I actually lost money (a lot) in BOTH the 2013 and 2017 bull markets (-50% and -85%, respectively). All of my gains were made in the bear market when I was buying BTC and alts when BTC was in the 3ks. The "will you make it?" test isn't coming now when the market seems to be going infinitely up and everybody is winning. That test comes when everybody is selling and it seems like you are the only buyer. And yeah, thousands of alt coins will suffer or die at that point. So be around to scoop up the ashes - don't be the ashes! This is all a larger part of learning to move with the cycles. + +Anyway these are the ones that come to mind, hopefully that is helpful! No doubt I'll edit this post and add a few more. +Hey Everyone, + +I am not sure if this belongs in here but needed some advise. + +Some background info - I am an Indian and follow Hindu religion. These are festive period for us. Diwali is around the corneras well. +I live in Ontario, Canada. I am renting an apartment owned by Drewlo Holdings. + +In my culture, swastika is one of the most auspicious religious sign, which we draw on our door to welcome god into our house. + +My mother had drawn swastika on the door a couple of days ago. Today, I was visited by property manager asking me to remove the sign because, according to her this is nazi sign. I felt very offended and discriminated as without asking me what is the sign or why do i have it on my door, she is accusing me of displaying nazi sign. + +Once i corrected her that this is not a nazi sign but this is a swastika sign which is religious for me, she then goes and says you cant paint anything on the door. Sign which has been drawn is using temporary color which is called kanku (another religious ingredient) and in no way it can damage the door or paint on it. + +I am told, I will be getting a letter from her not sure which kind but, I am hoping i dont get notice to vacate. Has anyone encountered any situation like this before, also, I am not sure if i should complain anywhere. +This is going to make the fundamentals of Gamestop incredible. I would buy every, single, game, ever, on their platform if I could resell it when I was done. + +One thing that must be done is some of the cut of the used game sale MUST go to the developer. If GameStop hoards all the second hand sale, I will be immensely disappointed and that would be the old GameStop coming out. This is something our industry HATED GameStop for originally when hard copy sales were the primary form of sales. + +The digital games marketplace has been a boon to developers because they can't be resold. If you want to decimate the indie games industry, don't give them a cut of second hand sales. Yes. You can argue that good games will always do well, but indie games are extremely risky. I knew someone who spent 4 years on a game only for it to sell well enough for her to make poverty wages when amortized. It was a good game, too. Just niche. Now imagine if resales ate into her profits and GameStop got all of them. That would be essentially hiring slave labor for GameStop to turn a buck. It's not right. + +I'm sure RC has thought of this, but as a game dev who hated the old GameStop, I feel like I need to say this, just in case. + +Buy. Hodl. Vote. I'm soooo jacked on today's price movement. Looking forward to tomorrow, Apes! + +Edit: the game is called Calico. Go nuts. + +Edit2: I see a lot of used car anti-gme sentiment. Houses and cars are not the same as video games. Cars are an actual asset. Do you let the government amortize expenses on your video games? Stop comparing the two. + +Art is all going this way. I didn't see any of you complain when art NFTs came out and gave the art owners 10% of all resales of their art. Video games are art too. As is music. All this will go this way. Get on board or go full boomer. + +Edit3: We as devs are opting into this system. If we don't get a cut, we don't have to sell our game on there. Some devs may do it anyway, but I can't think of any good reason someone would sell their game on a platform that cannibalizes its own sales. +I'm a young guy living in Ohio and had just set up my first bank account a few months ago. I had about $1100 in it. I walked up to my banks ATM today to check my balance since I hadn't done so in a few weeks since I don't really touch the money in that account, and I nearly fainted when I saw there was a $200 balance in it. I immediately walked straight into the bank wondering what the fuck had happened. There's no way my card could've been skimmed because I haven't even used the thing. I walked up to a teller and asked them where my $900 went. She said that a teller had accidentally given it all to my dad, who was trying to get $900 from his account. My dad has no access to my account but was given my money. Then they told me that he'd need to give me the money back himself since they took the money from my account but not his. + +What the fuck is happening? I went in to put money into my account but after that I said fuck that. I should've taken the rest of my money out of my account and switched banks. What would've happened if my dad and I didn't get along? Would I just be out of $900 because of my bank? + +edit: If my dad makes it home before the bank closes today we're going to go up there together to see what happened and how they'll fix it. + +edit2: I just went up to the bank and now they changed their story. I immediately asked to talk to a manager when I walked in and the manager pulled up what had happened. She's saying that they have a computer that reads each transaction and will automatically do everything for them based on the account number. We both signed up for accounts right after each other a few months ago and I guess the account number that is generated isn't random, it just goes to the next unused number. So for example: if my account number is 00000005, the next person to sign up would be 00000006. Well my number was 00000005 and his was 00000008 and the computer misread his number and thought it was a 5 and took the money out of MY account. That it was just complete dumb luck that the two people are directly related. + +I asked them what they'd be able to do to assure me that it wouldn't happen again and she couldn't really give me any assurance other than "this is **extremely** rare." She told me that if I don't want to drain all of the money out of my dads account and put his account in the negative, then I will have to wait until next week when Paypal sends him his next payment. + +I'm really not buying the story that a computer misread the number and I think a teller fucked up and the manager is covering up for her. My dad was pissed at them before but now he's REALLY pissed. Is there anything that I can do to have higher ups in the company start an investigation into this branch? + +For those wondering: It's Park National Bank, an Ohio based banking institution. + +edit 8/21: The bank called my dad today to tell him they pulled the money from his account and put him in the negative and froze his card and that they put the money into my account. The manager told him over the phone that this should never have happened and that she is going to be having a talk with all of the tellers at the bank so that this never happens again. I'm just wondering why I never got a phone call when it was my money that they lost? +I turned 26 today. This is the first age I’ve ever hit that I wanted to slow down! + +I’m running a great business, doing about 500k profit per year, which I’m extremely lucky to have + +But sometimes I struggle with gratitude and just overall happiness levels + +I know we’ve got some smart people in this thread who have lived in my shoes, what’s one piece of advice you’d impart on me? +I'm at a lost for words. I feel so lost and vulnerable. I'm in a depressive state like never before and can't get out of bed. I am in credit card debt of 2K too and I have $200 to my name. I want to rip my heart out, I feel so incredibly drained and lifeless. I don't know what to do. My portfolio has been on a downtrend and yesterday is the the it officially hits $30 on my trading account. I am unemployed and starting school next week. I have no way of making the money back. My parents will be in extreme distraught if they were to find out. + +The worse part? Someone told me to buy Netflix puts yesterday but I didn't. What could have happened, what should have happened is fucking up my mind so bad. If I had just listen I could have completely changed this situation. The fact that I missed out on this deepened my wound so much when I woke up today. So much so that I caught myself rerunning the senorio in my head and see how much I would have made, and then briefly imagined the joy of actually having the gains, which further drags me into the pitifulness that hurts so bad. This was a once in a lifetime gain that was so obvious and this ontop of my lost is unbearable and truly makes me miserable. + +I promise this is all real and I wish so much that this is a troll post and that I'm faking all of this. I'm at a lost for words. I feel so lost and vulnerable. I'm in a depressive state like never before and can't get out of bed. My heart aches so fucking bad and I want to curl up forever. I am so defeated to be put into words. I know, but I won't end my life so please don't worry, I promise. I just need a hug so fucking bad. +I’ll try and keep this short! + +My wife (28) and I (27) have a 30 year 3.5% fixed mortgage on a home worth ~$470k. We paid $429k and have put in about $15k in improvements (added a bathroom, redid the master bedroom, and added a basement bedroom). I owe about $320k on my mortgage. + +We currently are putting an extra $800 towards our mortgage every month. + +Total equity: $150k + +We also have multiple investment accounts (401ks, Roths, crypto, and regular brokerage accounts). + +Total Investments: $120k + +We are currently investing $3000 post tax money every month. Plus 6% contributions to our 401ks. + +We aren’t planning on staying in this home for longer than 5-7 years. Does it make more sense for me to just pay my minimum payments and allocate that $800 towards investments? + +A mortgage broker recently told me that if I’m not staying for long than I won’t see the large interest savings and I might do better in the markets. +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 +Many of us have been hedging by holding cash, anywhere from 10-20%. + +But I’ve been slowly dripping back in 1-2% when something dips over a couple of days. + +Was at 20% cash, but now at around 12%, which “feels” more reasonable. And those “dips” have now more than recovered, so at least it “feels” like I made a good choice. + +Anyone still relatively bearish? This market is an enigma, and quite frankly in any other decade we would already have had a 10-15% correction, but it’s not being allowed to for a multitude of reasons…not least of all is the advent of significant retail investors throwing money haphazardly everywhere. + +Thoughts? +#Theres 2 million of you. that is so crazy yet amazing when you think about it. + +##If you haven't noticed, all eyes are on /r/wallstreetbets right now and a certain narrative is being pushed around to make it seem as if this community is disorderly and reckless. What I think is happening is that you guys are making such an impact that these fat cats are worried that they have to get up and put in work to earn a living. + +##Some of these guys traditionally used the media as a tool for them to manipulate the market have failed to further line their pockets and now want to accuse you guys as being manipulators. This is complete nonsense because **ALL** content in /r/wallstreetbets is organic, created only by its users. You guys choose what you like and do what you want to do as individuals. + +##There is **NO** organized effort by those us who moderate this community to *promote, advise or recommend any stock*. It is against our policy to do so and we feel it is crucial to allow members to be able to share their ideas amongst each other with autonomy. + +##The only time we intervene is when we notice any unscrupulous characters appear thinking they can take advantage of our members. We do our best to identify them quickly and remove them from our community. + + +##There have been accusations of some inappropriate conduct coming from this community. These are baseless accusations as I have not seen any evidence of this taking place here. You guys know better but I'm going to say it anyway for those who have only recently joined this community that we don't do that stuff here. + +##People like to talk shit about you when you're a winner, it just comes with the territory. The way a winner responds is by keeping your head up high and enjoy living rent-free inside the minds of those who doubted you. They'll stare you down as you walk by them with a smile as wide as the sky. You don't even notice them because you're too busy basking in all the glorious tendies you've made. They hate that you played by the rules and still won. + +##That fuzzy sensation you are feeling is called RESPECT and it is well earned. Wall Street no longer dismisses your presence anymore. The smart ones know that you guys do things differently and will adapt in ways to accommodate you and how you as the next generation want things done. You should all be proud of yourselves. + +#Your time is now. + +##On behalf of the Mod team, + +#Make that money and be the change you want to see. +[https://www.reddit.com/r/wallstreetbets/comments/dsb0mz/robinhood_has_inbred_and_made_the_ultimate_autist/?utm_source=share&utm_medium=ios_app&utm_name=iossmf](https://www.reddit.com/r/wallstreetbets/comments/dsb0mz/robinhood_has_inbred_and_made_the_ultimate_autist/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I wonder when this becomes a systemic risk or when the SEC wakes up +In short - It's completely broken currently.I placed a buy order for AMD / AMZN / GOOG yesterday night - around 20 minutes before the market close (0110AM IST). The order is still stuck in Queue (Next day, 630PM IST). The worst part is, even the cancellation is completely broken currently. It shows me a notification saying that the order has been canceled, and yet it stays forever in the "Queued" mode.They currently don't have a working Limit Buy feature as well. So it's probably going to be executed when the market opens today (In case it even gets executed).Raised multiple support tickets yesterday itself but haven't received any response so far.I have used Vested in the past which also uses DriveWealth APIs and it works quite well. Expected IW to be better but apparently it's not reliable at all!tl;dr - Don't use INDMoney / INDWealth - You have been warned. + +&#x200B; + +Update - Previous issue persists. I tried buying some stocks (roughly $X) - Had around $10\*X in my funds. Order went through, but suddenly the entire Funds went up in the air. Currently, the balance is shown as $0 - this is a highly unstable platform. + +Update 2 - The team got in touch with me and assured the fund would reflect in my account by today evening. Will update this once that's done. + +Update 3 - It didn't get updated in the evening, they got in touch with me and finally it got updated. It seems to work fine now. (Thanks to /u/nikhilbehl) +i started dropshipping (a form of online business) 6 months ago and have made and saved 20k. i want to buy real estate and live in a suburb of washington DC. should i wait and save more or should i go ahead and get a mortgage? should i buy a house and flip it? flipping it will be hard bc i have school. is 20k enough to get cash flow from a rental property without having to flip it? should i buy self storage units instead of a house all together? how long will it take to build credit so i can get my own loans without my mom having to co-sign? +**Auxective summary:** + +There’s a bunch of boats out there that bring your shit from China to Australia so that you can buy it and put it in your house, or in your Nan’s house. These boat fuckheads are charging way more money for the fun ride from China and sometimes fucking off to Europe or the states instead of here. More importantly, their high prices might make your stonks do bad, so listen up and I’ll tell you what I’ve found out from reading company reports, newspapers and a few tik toks. + + ... + +**What is the global shipping crisis? And how did it start?:** + +Shipping is normally an unprofitable and shitty business to be in with low revenue and huge costs. Last year when covid hit, everyone thought their business was going to be fucked, and shipping was no different, so they put in place strategies to cut costs, and save money. For the shipping industry that meant parking boats offshore and standing down some crews, not making any new shipping containers (because the world was about to be fucked and dead people don’t need to send anything from place to place), and just parking shit where it was, putting everything on standby basically. Of course, within a few months we were all spending our disposable income on pokemon-themed underwear, new TVs, Paint for the DIY birdhouse, Video cards to mine dogecoin and whatever other discretionary and staple goods that are needed and wanted in lockdowns. Suddenly instead of a week in Bali with the lads on the bintangs, we were buying lego deathstars and Spongebob boxer shorts. Demand for shipping went sky high to facilitate all this e-commerce. + +On the supply side, it took a while to spin the shipping industry back up and back to life. There were covid outbreaks at ports, restrictions on crew movement and new customs protocols to navigate, so supply was low. To make matters worse, there was also a lack of shipping containers due to the shipping container fabrication industry winding down, and associated cost cutting. Supply side choked. + +So with global shipping on a knife edge, things starting to get more expensive and some fear in the air, of course a black swan event happened and some dickhead got his boat stuck in the Suez canal. + +https://c.ndtvimg.com/2021-03/if3mlfvc_suez-canal_625x300_27_March_21.jpg + +This caused ports to choke up, and had some boats divert around an entire continent to try and get to their destination, lots of boats stuck waiting and created the spark of fomo needed to really escalate things. In the months since the suez incident shipping container prices have skyrocketed, it now costs over 10k usd to send a container from Asia to Europe which is 500-600% higher than last year and prices continue upwards 5-15% per month. Everyone is bringing forward their shipping exacerbating the problem and driving prices higher and creating huge delays. Some boats are ignoring the Asia to Australia routes for more profitable Europe routes, so even though our shipping is still cheaper than Europe pays, we have big delays. + +... + +**How fucked are we?:** + +While most Australian businesses are directly or indirectly affected by shipping prices, there's some sectors that are far more affected than others. Your speccy miner or biotech company that isn't making any money will be fine (rest easy, Dr Tendies!), as is any SaaS business or anything selling Australian made to Australians. + +The main sector copping the brunt of the problem is of course retail, and depending on what you sell this crisis is either a "little whoopsie" or an "oh fuckity fuck". + +For low margin retailers, if a lot of their goods come from Asia then they're fucked (sorry reject shop, your Thailand toothpaste doesn't look so attractive at $8 a pack). If the business has a mix like Coles/Woolies then presumably prices of overseas goods will have to go up. They can't absorb any of the lost margin so the costs are passed on. + +For higher margin retailers, the effect depends on how big their products are. You can fit a shit tonne of pillowcases in a container but not so many doonas. + +Further complicating things is the supply chain model the business uses. Temple and Webster use a direct drop where suppliers ship directly to the customer without a central distribution warehouse. This is good for them usually because they don't have as many costs, but now they are at the mercy of individual shipping rates, they can't work out a deal for bulk shipping at lower rates and the whole extra cost is passed onto the customer. It's risky AF, and they might find it hard to compete on price until things go back to normal. At the other end of the spectrum someone like Michael Hill has tiny pieces that don't require much space on a boat so they can afford to pony up to get their goods through. + +Breville (don't own these guys but they are a great company) have said they're just going to make everything more expensive to cover costs. If they claim that margin back later then it could be a nice win for them, provided consumers agree to pay their asking price. + +As these ASX retail companies have been reporting FY21 results we only caught the ramping up into the full blown crisis in their numbers, so we haven't got full information about how different companies have been affected, but they have all been calling it out as a risk and we have seen a few of them give plans on how they are going to address the issue. + +.... + +**For those panicking, relax for now, buddy! Here's some things to look for in the annual reports to see if things are under control or not:** + +- how are inventory levels? Is the value of inventory in their assets statement more or less than last year? + +- are costs under control? + +- do they have way more cash than you were expecting? + +- if you go to their online store are a lot of things out of stock? + +- do they have a healthy margin? Has margin decreased? Are their goods that they sell bulky? + +... + +**The Covid lockdowns cherry on the shipping crisis cake:** + +Unfortunately for Australia, we also lucked into a full blown covid crisis right at the same time the shipping crisis hit its apex, so if your retail stock has a terrible online buisiness model, and doesn't have good shipping supply chain sorted out then you're even more fucked (ever ordered some snow globes off therejectshop.com.au?). Everyone is madly trying to get 6-12 months ahead on inventory, but the real snake in the grass is the covid lockdowns. Basically the do or die for a lot of these businesses is December. Will they be open for the Christmas rush? Or do they have to sell online? Christmas is a time when having stores open is super lucrative... if the stores are all closed at Christmas then that's much worse than being closed in July and August. Christmas is money time, bitches! If we do get to that scenario then overall spend will definitely be down, and some retailers with better online presence will crush the competition. It seems like the NSW plan is to try and get open by then, we'll see I guess! + +... + +**Some sobering quotes from Australia's retail execs in this recent round of reporting:** + +"Super Retail Group chief executive Anthony Heraghty, whose company runs stores like Supercheap Auto, Rebel and BCF, told The Age and The Sydney Morning Herald the shipping situation was rapidly getting worse, with big retailers such as his forced to order stock eight to twelve months in advance. “But even if you are buying it eight to twelve months out, the chances of it arriving on time is zero,” he said. “If it’s not in the shed or on the shelf today, for Christmas this year I think the chances of it being [in stock] come that peak time is incredibly remote.” + +"Trading during July 2021 was impacted by government-mandated lockdowns in Greater Sydney, Victoria and South Australia," Nick Scali said. Sales orders were down 27 per cent compared to the same month last year, but still 24 per cent higher than in July 2019. + +"In some of the more extreme cases of business, such as workbenches and garage lifts, the company orders 12 months in advance instead of the usual three months. For hi-tech devices such as in-car entertainment systems, order times have risen to almost a year." - Bapcor + +https://carshippingnews.com/shipping-costs-stock-levels-blow-out-as-supply-chains-buckle/ + +... + +**So how do we make money fucknammit?:** + +Retailers are getting heavily discounted and the tide is bringing down all boats, and we've seen falls of 30% or more in some stocks - the bearish forecasts are for the crisis to continue into late 2022 or early 2023, so even with that worst case scenario in mind, it doesn't warrant a drop of 30% on a quality stock for some extra shipping costs. There should be some bargains to be had if you can find the quiality stocks in amongst the trash. Look for honest reporting of business impact in FY reports, no debt, a long history of revenue growth and great e-commerce. Retail is not the sexy rockets that speculative biotech or penny miners can be, but we have some really amazing global retail businesses in Australia that could provide multiple bags in the long term, so I know a few of you internet randos probably have money in some of them! + +... + +**TLDR:** + +Some retail stocks are in trouble because shipping things is expensive, Covid is making it worse. Careful what you buy, but you might find a bargain if you can pick up an unloved but quality business. + +.... + +**Thanks for reading!** + +Ok, that's my DD on the shipping crisis, I hope you liked it. I actually typed this out twice because reddit nuked it the first time, so fuck you reddit programmers, save my post in the browser cache at least! + +Obligatory rockets to keep the fans happy... + +🚀🚀🚀🚀🚀🚀🚀 +Do Bull Traps in the past go up that much? Genuine question? I've been bearish, but this rally is starting to break my belief, at this rate we'll be at ATH by June lol. +Almost three years ago my wife and I had our first kid. I kept track of everything that we spent money on that was kid related. Starting from the pregnancy test to the hospital delivery bill. We also estimated the value of any gift we received to give a full ~~itemized bill~~ idea of how much money was spent on our kid before she was even born. I made an ugly spreadsheet to track it all. I thought about posting this here when I was all done but decided not to because A, I just had a kid and was busy, and 2 I wasn't ready for the criticism I was inevitably going to receive. But, now I am ready and less busy, so here we go. + +Starting with the big number: +To bring our baby into the world from scratch cost $9,984.55. +My wife and I spent $6445.66. +We estimated receiving $3,538.89 in gifts. + +I broke everything down into these categories: + +Category |Cost +---|--- +Gear | $1,661.02 +Diapers Ect. | $119.90 +Baby Clothes | $294.54 +Mom Clothes | $804.30 +Medical | $4,170.05 +Books | $248.78 +Toys | $275.93 +Bedroom | $2,305.53 +Feeding | $161.21 + +In anticipation of some shock on all this spending I'll add that we bought things that we felt would be useful to our lifestyle, within our budget, and that would last for many years to come. We could have spent less, and many people do, and many people actually go well beyond. + +**The most expensive things were:** +The hospital trip to safely have a baby ($3517 delivery related bills combined) +*-Having a baby fall out of a woman in a hospital in America is expensive. This was after insurance covered their portion.* +A crib + mattress that converts to a toddler bed and full size bed ($890 total - gift) +*-Kid is almost 3 and we converted the crib to the toddler bed shortly after she turned 2. She wasn't a chewer, so it's currently in great shape to stay her bed until her teens or beyond.* +Mom clothes ($804.30) +*-After seeing this final number I told myself I shouldn't ever gain too much weight because I now know how much a new wardrobe could end up costing me. We were at a point in life where most of the items were bought new and that was OK. +A new glider chair ($500 - gift) +*-I wish we could have found this used but didn't have any luck. We wanted one with a high back because I'm tall. I'm thankful we found one, I spent so many nights rocking and dozing in and out of sleep on this thing, I'm very happy with it. We still use it nightly for reading bedtime stories.* +The stroller ($384) +*-We got one of those fancy BOB running strollers, I ran over a hundred miles with her and we walked plenty of unpaved trails at our local state park. She spent hundreds of hours in this thing. This was the only stroller we used, otherwise we carried her everywhere in the front/back carrier. Plus these strollers have a high resale value.* +Car Seat + extra base ($375) +*-We have two cars, a base for each car was great.* +Two camera video baby monitor ($250) +*-We did a lot of traveling and having the extra camera to just pack and go was really handy. A video monitor is the shit, being able to check and see if a noise was just stirring or something more was great.* +A cute rug ($239) +*-A cheap rug would have served the same purpose, but shit it's our first kid, sometimes you gotta get that cute thing.* + +Writing this with the benefit of hind sight I think we actually did a great job of getting the right thing for us on the first try. We tried to get things with the idea of potentially having another child. Of everything major that we bought, the monitor is the only thing we would need to replace if another kid sauntered into our lives. The battery is now totally useless and one of the cameras died last month. Also we dropped it, so the power cord is soldiered to the chip and I'm awful at soldiering so it whole housing is glued together to keep it working. + +So can you do this cheaper? Absolutely, buy everything used. Babies aren't all that picky. I lived in rural Illinois at the time and our availability to get nice used stuff was limited. Also hand-me-downs can help tremendously, our extended family had kids eight years or more years before us (if they had any) and lived many states away so most of their baby stuff was gone. Also, don't underestimate the generosity of others, there are people out there who LOVE babies and love buying baby things, hopefully you know one or two. + +Another money saving tidbit, use cloth diapers. Back when I was weighing the benefits of them, I found we would break even with cloth over disposable at two years. Our kid suddenly decided to be potty trained right before Christmas so our cloth diapers lasted a bit over 2.5 years, we definitely saved money with cloth. If we accidentally have another kid we will save a ton in diapers because the original ones we got are still in great shape. Also, you can find used cloth diapers around which can save tons, we hope to sell ours. A very appreciable downside to cloth, you're guaranteed to be washing the diapers about 2-4 times per week. + +A shout out to /r/predaddit for all the helpful tips and stories that were so great at the time. Also /u/steeldirigible98 & /u/SavingsJada and the several updoots for the courage to finally post this on this sub. I hope this info helps someone out there. +It just doesn't make sense to me. I get that he's being cautious, but a lot of this Inflation has got to be short term - right? Or is it not? It's hard to tell based on who is reporting it and what the general media spin is. +🧩 ENCYPHER.. Now THIS is something Unique. Are you tired of the same old repetitive BSC tokens? Encypher is here to change that. With one of the strongest and most ‘cult like’ communities I have EVER SEEN. ENC is currently breaking crypto norms with its ‘puzzle style’ mystery vibe. READ BELOW FOR CONTRACT INFORMATION. +FYI: We recently just discovered our first ENCYPHER NFT, could this be the start of their NFT range? .. 🧩 https://t.me/enkryptfanpage 🕵️   + +🌐 Website: www.Iencypher.com <http://www.iencypher.com/> +✉️ Telegram: https://t.me/FUWs6YWXW21jNTk0 + +The revolutionary new contract has multiple functions that are going to completely change the game. Puzzles are hidden inside and outside of the code. Puzzle completition so far has led to token prizes, private keys actioning burns, as well as many more to come. Whether you're into internet searching mysteries, or more advanced cryptography, this token offers a wide range for everyone. 🔥 🤔 + +If you don’t believe us…. Just check out the contract: + +0x812337cDc82741aA444eF95Dc71222e67314F683 + +  🧬 Tokenomics 🧬 + +🔒 Locked Liquidity Pool +✅ 6% of Every Transaction Straight to Locked Liquidity +🗣️4% Marketing + + +💎  We have an extremely cult like community. Upon revision of the old contract when we evolved, it became apparent that 70% of our community had never sold a single token since launch ‼️ + +💎  Great high quality imagery/videography being produced, this is definitely a seasoned team. + +💎 Big hints that dev has worked on previous big projects, with numerous Shiba Inu hints being thrown into the mystery.. It all adds fuel to the increasing FOMO fire!🔥   + +💎  This is a one of kind project, with a one of a kind contract, with a one of a kind community. Come get involved. +Trying to wrap my head around whether or not the stock market can truly be saved this quickly. And what are the implications for the value of the dollar in the future. +Thanks. +**What is Sonar?** + +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, increase profitable trading and reduce the likelihood of traders falling for rugpulls and honeypots. + +Sonar $PING had a successful TechRate Audit, CertiK audit and is listed on CMC, CG and Blockfolio. The Core Team is fully doxed, KYC’d have based the entire business around full transparency. The Q3 roadmap has been completed 2 months ahead of time and Q4 targets are currently in development. + +**What is new?** + +SONAR has just announced a Uniswap listing! ePing will be going LIVE for trading on Uniswap Oct 28th at 4pm UTC. ePing is the ETH equivalent to PING, same tokenomics, reflections for holders, only on Ethereum! + +Not only that, Sonar's custom built BSC-ETH bridge goes live just before the Uniswap listing, enabling PING holders to migrate their tokens over to the ETH side. + +The chief officers are currently assembling to attend the Websummit (biggest tech conference in the world) in Lisbon as chairpersons. This means that the team will have an opportunity to meet with major influencers, celebrities and business leaders as well as exclusive venture capitalist groups. On top of that, Sonar is an official sponsor of Websummit and our banners will be displayed exclusively at the registration desk of Websummit, where it's expected that at least 40.000 people will pass through. + +**What's in progress:** + +🔥 Incorporation in process +📣 Followed by CZ on Twitter +⭐️ Eth-bridge live Oct 14th! +📊 Charting tool in 1 months +🔓 Sonar Wallet in 1.5 months +📰 New press page +⚒ Hiring page +📚 Blockchain Academy + +**What's been done:** + +✅ Listing on Uniswap Oct 14th 6pm UTC +✅ Listed on Gate.io +✅ Enhanced marketing strategy initiated +✅ Doxxed Core Team +✅ Real Use Case (Utility Token) +✅ Clear Roadmap and Whitepaper on website +✅ Techrate audit complete +✅ CertiK audit complete +✅ Long term partnership with CryptoMonks, Cryptoken Media, Bart Baker and more coming +✅ Listed on CMC +✅ Listed on CG +✅ Doxxed Founders Team +✅ Real Use Case (Utility alt coin) +✅ Q3 Roadmap complete in 1 month + +Transaction taxes: + +💰 6% tax to Liquidity Pool to create a stable price floor +🤑 2% 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://twitter.com/SonarToken](https://twitter.com/SonarToken) +⭕️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/) +TL:DR - Got rich. Got covid. Now chronically ill with long covid. + +**The story:** + +It was almost exactly a year ago, I remember it like yesterday; ETH was crossing 1k again for the first time in 3 years. Years of hard work had finally paid off and I'd made it. There was lots to celebrate about, yet I wasn't out celebrating. I was in my bed with a positive covid test. No matter, I was strong. I'd be able to handle it. A fit 35 year old male that trains muay thai and HIIT workouts multiple times a week. I would have been vaccinated had it existed at the time, but statistically I would be fine anyways. Unfortunately I was wrong. + +The illness ended up being mild-moderate, with flu like symptoms for 5-7 days. So I decided to go back to exercise quickly, to prove to myself I could do it. 2 weeks later I woke up hardly being able to breathe. The chest pains were abysmal. I was short of breathe, coughing, fatigued, and in a lot of pain. + +Fast forward to a year later and I have been battling this post-viral illness with no end in sight. Granted I have gotten somewhat better. I can breathe OK again but symptoms persist. I cannot exercise (long walks are fine), I am often tired, and the chest pains are endless. It feels like something is moving around inside me, these rotating symptoms. I have many doctor friends, and have consulted many specialists. There is no treatments currently available for long covid. I consider myself semi-disabled. + +**The finances:** + +I'm sitting on a low 8 figure position at the moment. I have good advisors around me, and I have a plan to manage the portfolio properly.. But the truth is I don't want anything besides my health back. Granted, I wasn't materialistic before this, and my lifestyle costs maybe 60k a year. That being said I have thought about a number of things I could do with the money; + +\- *Communal philanthropy:* maybe helping people in my community during these tough times will bring me some purpose and happiness. + +\- *Buying a nice auto:* I've been looking at a Porsche Macan, although I've never cared for cars. I currently drive a 7 year old mid-tier car and it's the best. + +\- *Upgrading my living:* I've in a rent controlled apartment for the past 10 years and I haven't cared for lifestyle. I would only really do this for dating and confidence purposes. + +\- *Dating on seeking arrangement:* This may seem wild, but it's a solution i've considered because my confidence to regular date has been totally destroyed by my current health. I have not done this yet. Before my illness I dated enough and had many profound relationships, and now lifelong friendships. + +\- *Health retreat:* I've been recommended by doctor friends to go on a health and wellness retreat to detach for a while. Maybe this makes sense. + +\- *Find world class medical care:* I was thinking about going to the mayo clinic, but I've heard stories about other long haulers who have gone and the results have been disappointing. + +\- *Therapy:* I am in therapy for this now, and have a good therapist. Maybe I need a second one. + +**Looking forward:** + +These days I spend my time yield farming, and the money continues to roll in. Otherwise I go for walks, listening to podcasts, and live a fairly solitude life, taking it very easy in hopes of getting healthy again. There is a chance I do get better as the weeks and months go by, there are many recovery stories. But there is also a chance I end up with CFS like symptoms for the long term. I don't think I have the energy to pursue a family now, maybe in a few years. + +What would you do to feel better? What things could help with my happiness? I appreciate all your help and advice. Thank you. +Do they wash it, retire, move to an island somewhere, and call it a day? Or is this a fun game they play for entertainment's sake? Is this an inside job? Is this an organized group with funding and an ulterior motive beyond getting rich? Is the intention to highlight the weaknesses in the crypto ecosystem? + +How skilled does one have to be to drain a bridge of $100M? Could a sixteen-year-old kid do something like this? I have so many questions. + +I know hacks and heists have been around since the inception of valuables, but robbing a bank is a lot messier than siphoning millions from the comfort of your basement or mansion. I also imagine stolen crypto is much easier to deal with than a 100 lb bag of stolen fiat. + +Has any of these hackers been caught? I've seen some stories about hackers returning funds for a bounty; that seems like a pretty lucrative career move. + +We need a documentary about the life of a crypto hacker. Whatever the case, I'm sure Netflix is working overtime these days. +I ask this because all of the investing sub reddits I follow keep saying, "the next down turn is around the corner". Is it though? I would say that what the Fed has already done was pretty irresponsible. Whats to prevent them from continuing to pump up the markets and continue to see ATH? I am not trying to get politial. Just from an investing stand point what is actually going to make the markets go down if everytime bad news is produced, the Fed prints more money? Its like inflation has hit the stock market. How does a bubble actually pop if we just continue to pump it? +It's 1928 a year before the great depression. You have 100k in your portafolio, you know a massive drop in the economy is coming a year from now and you know you will NOT have a job at the end of the year. +What do you do? Which stocks you keep/buy? Do you pull everything out and buy gold? +What do you do? +There is an unfortunate abundance of hate and jealousy from people presumably "missing out" on significant price increases and frankly I don't understand that mentality. + +We should be congratulating our Brothers and Sisters in crypto and not criticising their choice of coin. + +Crypto isn't a race to become rich, it's a much longer journey with plenty of ups and downs and ultimately, we're all in it together! + +So lets just congratulate others on their recent successes and if you believe in your portfolio then your time will come too. + +Edit: Was it something I said? +Hey fellow Autists I know your portfolio is bleeding today and you feel like shut watching your money evaporate do yourself a favour take a break today don’t look at it go for a walk watch a movie get high whatever it will help your mental health and in no time we will be back in the green +https://news.bitcoin.com/us-senator-passing-unproven-crypto-law-stifle-innovation-make-americans-poorer/ + +### + +**U.S. Senator Mike Lee has raised concerns that adopting the crypto tax provision in the $1.2 trillion infrastructure bill will stifle innovation and make Americans poorer. He explained that cryptocurrencies are not like securities and cannot be regulated with the same policies, noting that to do so would drive innovation offshore.** + +>“These aren’t just stocks. It’s something very different. It’s a medium of exchange that, if adopted more widely, could facilitate a lot of economic activities and a lot of innovation within the United States of America.” + +>“What you’ll see is the flight of innovation, and investments related to innovation, to offshore locations around the globe.” + +> "You are trying to adopt many-decades-old regulatory policies to a completely new form of exchange — one that, by the way, values very highly the privacy of those who exchange in it.” + +> “If what you’re going do is take away that value by requiring that all of it be registered and publicly disclosed by giving the federal government the ability to peer into it, you’re going to stifle innovation, you’re going to make a lot of people upset, and you’re going to make Americans poorer.” + +## + +Im blown away! He has outlined basically all of our arguments hasnt he? +Will we see an influx of loss memes? +Will the BRN 🚀 come back to Earth? +Will CRO and JBH bosses become friends on Grindr? +Will DXB ever release their results? +Will NZS actually do something to justify the financial devastation that it has brought on its loyal supporters? + +Find out tomorrow on... + +ASX_Bets +The course is completely useless and full of information you can find on both this subreddit as well as other real estate subs. He will never tell you how to actually DO anything (i.e: generate leads) + +Also, it should be mentioned that it is marketed as a one time purchase course, however a month later I was hit with a renewal fee 3x the size of my initial purchase. + +Disputed to my bank and got refunded, then Cody’s team somehow reversed it. Clearly this is how he makes his money. + +For further evidence see attached link (article regarding many other people’s experience with Cody) +I’ve been working since I was 16 and saving as much as I can every month since then. Today, 7 years later my mortgage application just got approved & I have enough of a deposit to buy a house. I just wanted to share how happy I am!!! I literally can’t stop smiling :D +I am in a job with monthly paycheck and have investments in the Indian markets. Wanted to share my method for filling ITR-2 and hope it helps some members in this community who are in a similar situation. I keep a checklist of the main items to be declared and get exemptions for. This makes the whole thing smooth and anxiety-free. + +* Login to e-filing website and download the pre-filled xml from "My Account" -> "Download pre-filled XML". +* Download the Java utility and load the pre-filled XML. It takes care of automatically filling your personal details. I think it also fills data from Form26AS (Bank deposit interest amounts etc). +* Filling ITR2 takes time and you might not finish in one go. Keep saving your work using the "Save Draft" button periodically. +* Fill the salary details from Form-16 issued by your employer, in Schedule-S. +* For mutual fund gains, download consolidated statement from CAMS website. Key points - STCG on Equity mutual funds is taxed@15%, LTCG is 10% (< 1 lakh is exempt). STCG on debt funds is taxed@slab, LTCG (>3 years) is taxed@slab with indexation. These details will go in Schedule-CG. +* For stocks gains, download consolidated statement from your broker's website. These details too go in Schedule-CG. +* Note: Dividends from Indian shares is not taxable till 31st Mar 2020. Simply declare this amount in Scheule-EI +* Make sure to deduct any TDS paid to Bank for deposits. Get this from Form-26AS. Bank would have deducted 10%, this amount should go in TDS page. The utility will calculate remaining tax automatically. (It might also add some extra amount as advance tax if you have not paid it already) +* Asset declaration should be done in Schedule-AL. These amounts are not taxed (They better not in future too!) +* Investments that are exempted from tax go in ScheduleVIA. Medical insurance premium goes in Schedule80D. +* Balance tax can be paid by clicking on "e-pay Tax" button in TTI page. After paying, enter challan details in IT page. + +**Finally:** + +* When all done, verify the amounts in TI/TTI pages. If you have filled everything correctly and paid the dues, balance tax payable would be 0. +* Use the Save button to generate final XML file. Upload this file on the e-fling website. Choose aadhar method for return verification. You will get the acknowledgement via email almost instantly. + +**Disclaimer:** + +Do not think of above as professional advice. Each one's requirements/situation is different. Your's can vary from above. + +&nbsp; +Edit1: Formatting +Edit2: Corrected the point about declaring dividend income. +I'm an old ape. Lurked through the end of 2020 and started commenting and posting a little here and there since losing my mind completely in January. My job lets me watch everything GME all day every day, and I'm an addict to reddit, social, and tickers. Today was special. I have no scientific evidence, just an opinion rooted in some deep personal experiences in this world, and things have turned a corner. I think we broke their backs today. Snapped their hopes in two. This was the most concentrated and coordinated attack I think I've seen, and it was for nothing, literally nothing, maybe less than nothing. The price is up a little and our resolve is stronger. To be dramatic the hedgies have cut themselves a thousand times in a futile attempt to drown us in their own blood. As this has failed, and we are not drowned, they fling their corpse at us as their final weapon. We are winning. Buy! Hold! and Buckle Up! This is the Way! 🐒🏙🐒🚀🚀🚀🐒🐒🐒🐒 +CreamPYE is here to deliver industry-disrupting technology and has the firepower to make it happen. This is a team of highly experienced developers, entrepreneurs, and marketers with decades of experience. They are using their platform not only to change the crypto industry forever, but also emphasize a cornerstone belief in charitable contributions. They are making an impact within the crypto world as well as outside the crypto world. They are not just here to take part, **they are here to take over.** + +**Overview:** + +* The entire team of 15+ members showed faces and listed business address publicly. +* **Actual use case** CEX/DEX hybrid exchange which will focus highly on customer service and experience (much needed before the masses can adopt in to new crypto). Augmented reality, NFT marketplace, PYE Charts. $290k charity donations already made. Very extensive roadmap. +* Contracts have been signed with both WhiteBit and ProBit. Trading will go live this week. +* Team has over 15+ years of experience building businesses. Creampye team has done marketing campaigns over **$100m USD** in past projects +* Relatively small Marketcap (40m). +* You are early - Project is 20 days old and growing exponentially. <1,500 reddit members. <16,000 holders. Might be your last chance to be “early” +* Tokenomics pay out 5% **Passive income** for holders! +* The team has built a variety of very successful businesses already. These are not kids in their parents’ basement. They are legitimate business moguls running a full-on operation. +* Hacken audit has been passed (received a score of 100%) and the whitepaper has been published. + +**Who Runs Creampye?** If you hang around this world of crypto long enough, unfortunately you may run into some teams that you cannot trust. I invite you to look at the pinned tweet on Creampye’s Twitter (@creampyetoken). The entire team of 15+ members has shown faces, they each have a mini biography on the website, and there is a business address listed publicly. See for yourself. + +**What Is Creampye?** Creampye (Pye) is a new token focused on creating new technology in the world of crypto and simplifying the process for mass adoption. They are working on a new exchange, Pyeswap, that will become the industry standard for purchasing crypto. This exchange will make crypto far easier to buy than it ever has before. Not only that, much of the focus will be on a simplified, friendly user experience that makes it easy for any average Joe to purchase crypto. This is desperately needed before the masses can enter the market. It is almost impossible to teach a newcomer to the world of crypto the multi step process of acquiring BNB, using pancakeswap, and storing tokens in a wallet. PYE is going to change this by making it easier to purchase all crypto currencies and we will be focusing on customer service and experience. They are also launching PYEcharts in a few weeks, an NFT marketplace, and have just passed a completed audit with flying colors (Audit done by Hacken). + +**Charity** CreamPYE was created in order to make a difference. The token has included that 0.1% of all transactions are sent to a charity wallet. The team has made due on this already by donating not one, but two donations totaling $290k to Action Against Hunger only one month into its existence! The team behind CreamPYE has been involved with numerous charities from business ventures in the past. They have donated millions of dollars to various charities and it is a core component of the team values. Here at Creampye, we are proving that the world of crypto can make a positive impact on the world through our charity donations. + +**The Entry Point. You are early.** PYE’s goal is to become a top 10 token. We have the community, the experience, and the tech to back that goal. We were consolidating for the past few weeks and I have been posting about how it may have been the last time we saw those prices. We have just broken through the all time high, but with a market cap of only $40m, you are still early. We have nearly done a 400% in the last 4 days, and hardly any of the community has sold. We all believe in the project being the future of crypto. When we achieve our goal of becoming a top 10 token, that is over a 1000x gain from here. The holders, the community, and the exposure are growing exponentially. We have had YouTube posts and mentions from some of the biggest names in the game, including Torin Hoffman, Conor Kenny, and Alexandrus 1337. Just last week PYE was mentioned on the Pardon My Take podcast, which pulls in 1.5 million daily listeners. The CEO is good friends with business mogul Gary Vee (video of them hanging out posted in telegram), and former Miami Heat player Damian Jones recently retweeted Creampye. These are many exciting developments in the early days of PYE. + +**In conclusion** I have only given a brief overview here, but I invite you to do more research yourself. We are blazing our own trail in the world of crypto that will give investors access to an entirely new, user friendly ecosystem of programs. Many will try to replicate what we are creating for decades to come. Creampye is a results oriented, relentless, and highly experienced team. The last piece of the puzzle is more eyes on the project. This will happen we get listed on Whitebit and ProBit within the next few days. The contracts have already been signed. It’s happening. CMC and Coingecko has been applied for, soft dates have been given for more exchange listings, and big news is happening every single day. Do your own research and if you decide to join the Pye fam, buckle up, its going to be a crazy ride! + +**Where to buy?** + +\-Ticker is PYE + +\-Website: [https://www.creampye.com](https://www.creampye.com/) + +\-Telegram Group: [https://t.me/creampyetoken](https://t.me/creampyetoken) + +\-Twitter: [https://twitter.com/creampyetoken](https://twitter.com/creampyetoken) + +\-Reddit: [https://www.reddit.com/r/CreamPYE/](https://www.reddit.com/r/CreamPYE/) + +\-Discord: [https://discord.gg/rT8GdwnN](https://discord.gg/rT8GdwnN) +People like to feel valued, appreciated, and recognised when they put effort into something. When people post on here and it is evident they have put a fair bit of work into it, they will be more likely to do it again if people reply to what they have posted with their thoughts, or an acknowledgment of something they have learned from reading the post. If a post gets very few comments, and not many upvotes, the author may start to think "this content isn't wanted here" or "what I wrote wasn't any good" or "no one has bothered to read this" or "that effort was wasted". Eventually the author will stop posting that content. Other posters will see that these posts get little engagement and be discouraged from posting that type of thing. + +An example of this u/Phlanoe's recent post [Blow-offs and Selling Climaxes](https://www.reddit.com/r/ASX_Bets/comments/o6tezz/blowoffs_and_selling_climaxes/?utm_medium=usertext&utm_source=reddit&utm_name=ASX_Bets&utm_content=t1_h2zfr3q) This would have taken well over an hour to compile all of this information, and to add in images, memes etc. It has 8 comments, and only 27 upvotes. [This shitpost](https://old.reddit.com/r/ASX_Bets/comments/o7b8p8/buy_the_dip_they_said/) would have taken a few minutes yet has 19 comments and 232 upvotes. + +I am posting this because even though this might be so obvious that it seems redundant to some people, many won't have considered this. If you read something and learn something or appreciate the effort someone has put in, please let them know. People who have been generous with their time and energy should be acknowledged. ASX_Bets is an awesome sub. The laughs, camaraderie, and knowledge here means it's a great place to hang out for entertainment, learning, friendship, and support. We need to recognise the hard work put in by those who share their knowledge, as otherwise this aspect of the sub will start to fade out. Upvotes are good, but commenting is even better :) +I was browsing the beginners guide, looking for some canon DD to share with some friends and came across a gaping hole in our library. Hank’s theory of everything was deleted. I looked at the links to some of his other works and they are deleted too. Maybe I don’t know his username correctly, but now I can’t find his account. + +The funny thing is I’m on superstonk all day everyday and don’t remember any mention of him leaving the community or his work being thrown in the trash. The only thing I can think is that maybe he was a part of the Mod purge earlier this year and I missed it? + +If this isn’t the case and his account got wiped silently, we need eyes on this and answers. I really hope I’m just out of the loop here…. + + +Edit link for context: https://www.reddit.com/r/Superstonk/comments/n66tzh/hanks_definitive_gme_theory_of_everything/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +# **TL;DR - [Do this now](https://www.reddit.com/r/personalfinance/comments/6yv4gb/official_mega_thread_recent_equifax_security/dmqdld2/)** + +--- + +* Thread Edited 9/13/17 - 2:00 PM EST - Thread is now sorted by "new" to make it easier for new questions to be answered. You can manually sort by "best" to see additional advice that members of the community have found to be helpful. Also added miscellaneous additional info. + +* Thread Edited 9/12/17 - 11:00 AM EST - added new information on Equifax offering free credit freezes. + +* Thread Edited 9/11/17 - 2:30 PM EST - added new information on accuracy of "you have been exposed" message, Equifax PIN, potential lawsuits, limited site availability, and additional news articles. + +* Thread Edited 9/8/17 - 1:00 PM EST - Added new Clarification around the meaning of the arbitration agreement +[Additional evidence on this](https://twitter.com/AGSchneiderman/status/906195350532304896) + Equifax statement [part 1](https://twitter.com/AskEquifax/status/906263040995274752) and [part 2](https://twitter.com/AskEquifax/status/906263110473928706) + +--- + +All, + +This thread will serve as the r/personalfinance official mega thread for discussing the recent [equifax security breach](https://www.bloomberg.com/news/articles/2017-09-07/equifax-reports-cybersecurity-incident-potentially-impacting-143-million-u-s-customers). /r/legaladvice also has a [mega thread on this issue](https://www.reddit.com/r/legaladvice/comments/6yvj5c/megathread_equifax_security_breach/) if you want to focus on legal options. The TL;DR of that thread is wait to join a class action and do not sue in small claims court. + +**Summary:** + +* "Equifax Inc. said its systems were struck by a cyberattack that may have affected about 143 million U.S. customers of the credit reporting agency...Some U.K. and Canadian residents were also affected." [Canadian Thread](https://www.reddit.com/r/PersonalFinanceCanada/comments/6yq9gu/equifax_hacked_canadian_consumers_might_be/) and [UK Thread](https://www.reddit.com/r/UKPersonalFinance/comments/6yvunm/misc_uk_details_in_equifax_data_breach/) + +* "Intruders accessed names, Social Security numbers, birth dates, addresses and driver’s license numbers...Credit card numbers for about 209,000 consumers were also accessed." + +* "Criminals took advantage of a "U.S. website application vulnerability to gain access to certain files" from mid-May through July of this year...The intruders also accessed dispute documents with personal identifying information for about 182,000 consumers." + +* "The company set up a website, www.equifaxsecurity2017.com, that consumers can use to determine whether their information was compromised. It’s also offering free credit-file monitoring and identify-theft protection." + +* The purpose of this sub is not to provide legal advice. However, per https://www.equifaxsecurity2017.com/frequently-asked-questions/ +"The arbitration clause and class action wavier included in the TrustedID Premier Terms of Use applies to the free credit file monitoring and identity theft protection products, and not the cybersecurity incident." + +* **Identity Theft Wiki** - Please see the [identity theft wiki](https://www.reddit.com/r/personalfinance/wiki/identity_theft) for steps to take if your identity has been stolen. You may wish to freeze your credit with the different reporting agencies. Note that their websites are currently under a heavy load and may be unresponsive. For more information on what freezing your credit means, see [the FTC's explanation](https://www.consumer.ftc.gov/articles/0497-credit-freeze-faqs#score) + +Equifax also recently [announced](https://twitter.com/Equifax/status/907596989260496896) that they are waiving fees for freezing your credit with them. It is unclear if they plan to offer refunds to those that paid to do so before today. + +**Using www.equifaxsecurity2017.com:** + +* A helpful discussion adapted from u/likeasomebodie on using www.equifaxsecurity2017.com: + +* Check to see if you are effected using [this link](https://www.equifaxsecurity2017.com/) + +* Either of the following messages from Equifax mean your information was stolen: + +Thank You -- Based on the information provided, we believe that your personal information may have been impacted by this incident... + +Thank You -- Your enrollment date for TrustedID Premier is: xxxxxx Please be sure to mark your calendar... + +* Either of these messages mean that your SSN, DOB, full address, and potentially DL number have been stolen. Assume that information is now public data, because if it's not out there already someone's indexing it right now. + +* Please note that some media outliets are reporting that these messages [are not completely reliable](https://techcrunch.com/2017/09/08/psa-no-matter-what-you-write-equifax-may-tell-you-youve-been-impacted-by-the-hack/) However, it still appears that using this site provides at least some information, even if it is not completely accurate. + +* See the [identity theft guide](https://www.reddit.com/r/personalfinance/wiki/identity_theft) for additional information on freezing your credit, next steps, etc... + +**Additional Information:** + +* Your credit card company may offer some form of identity theft protection/credit monitoring. You should review the benefits that your card has to see if this applies to you. + +* Equifax is making credit freezes free for some customers; it isn't clear if this extends to everyone or only certain individuals. UPDATE - it should be free to all - see the [announcement here](https://twitter.com/Equifax/status/907596989260496896). No word on whether previously paid fees will be refunded, but you can call and ask. + +* It appears that, in some cases, the PIN you get from Equifax when freezing your credit is just [a time stamp of when the freeze was initiated](https://www.nytimes.com/2017/09/10/your-money/identity-theft/equifax-breach-credit-freeze.html). If this happened to you, consider requesting a new PIN by mail. + +* Some individuals are reporting difficulty obtaining a credit freeze online. You may need to submit documents via mail if this is the case. + +* There is now at least 1 [class-action lawsuit](https://www.bloomberg.com/news/articles/2017-09-08/equifax-sued-over-massive-hack-in-multibillion-dollar-lawsuit) on this issue. Please keep in mind that per Equifax's most recent financials, it has a book value of equity of only about 3 billion dollars on total assets of about 7 billion dollars, so it seems unlikely that 70 billion, even if awarded, could actually be paid. + +* u/rholowczak has put together a handy tree of phone options when calling the major credit bureaus [here](https://www.reddit.com/r/personalfinance/comments/6yv4gb/official_mega_thread_recent_equifax_security/dmyg4xe/). + +**Related Links/Threads On This Issue:** + +Author | Thread +---|--- +u/drosophilawing | [Equifax Reports Cyber Incident, May Affect 143 Million U.S. Customers](https://www.reddit.com/r/personalfinance/comments/6yq36a/equifax_reports_cyber_incident_may_affect_143/) +u/KlugReeOlympic | [Do not use equifaxsecurity2017.com unless you want to waive your right to participate in a class action lawsuit](https://www.reddit.com/r/personalfinance/comments/6yryuu/do_not_use_equifaxsecurity2017com_unless_you_want/) +u/likeasomebodie | [How to tell if you got Equifax'd and what to do about it](https://www.reddit.com/r/personalfinance/comments/6ysxxf/how_to_tell_if_you_got_equifaxd_and_what_to_do/) +u/chocolate_soymilk | [Credit Freeze 101: What they are and how they can help] (https://www.reddit.com/r/personalfinance/comments/6yvhiz/credit_freeze_101_what_they_are_and_how_they_can/) +NY Post | [Cause of Breach](http://nypost.com/2017/09/08/equifax-blames-giant-breach-on-vendor-software-flaw/) +Telegraph | [Info for U.K.](http://www.telegraph.co.uk/technology/2017/09/08/equifax-hack-britons-data-watchdog-investigates-ukimpact-major/) +Tech Crunch | [PSA: no matter what, Equifax may tell you you’ve been impacted by the hack](https://techcrunch.com/2017/09/08/psa-no-matter-what-you-write-equifax-may-tell-you-youve-been-impacted-by-the-hack/) +Bloomberg | [Equifax Faces Multibillion-Dollar Lawsuit Over Hack](https://www.bloomberg.com/news/articles/2017-09-08/equifax-sued-over-massive-hack-in-multibillion-dollar-lawsuit) +New York Times | [After Equifax Breach, Here’s Your Next Worry: Weak PINs](https://www.nytimes.com/2017/09/10/your-money/identity-theft/equifax-breach-credit-freeze.html) +CNN | [Equifax hack: What's the worst that can happen?](http://money.cnn.com/2017/09/11/technology/equifax-identity-theft/) + +**Administrative Items:** + +* All other threads on this topic will be locked to help keep the sub manageable. Much thanks and credit is due to u/drosophilawing, u/KlugReeOlympic, and many others for their timely posts and comments on this topic. + +* Initially, this thread will not be stickied as our experience is that stickies tend to be ignored by some users. We will sticky it at a future time if needed. + +* We sent a message to the moderators of /r/legaladvice asking that they let their community know about this thread. They have linked to this thread from their community and have created their own [mega thread here](https://www.reddit.com/r/legaladvice/comments/6yvj5c/megathread_equifax_security_breach/) that focuses on legal options and remedies. If you want to know whether/how you can sue over this, they will be better equipped to handle it (although the tl;dr is probably that nobody is quite sure yet). Thank you in advance to anyone coming from r/legaladvice to help - and to anyone going there from r/personalfinance, please remember to follow [their guidelines](https://www.reddit.com/r/legaladvice/comments/3jm6u2/the_law_of_the_land_please_read_before/). + +* Our normal [rules](https://www.reddit.com/r/personalfinance/about/rules) still apply to this thread with the **exception that on-topic legal discussion directly related to this issue will be allowed**. + +* Please keep in mind that political commentary and threats of violence are not allowed. To be clear, comments like "Good job America, this is why we need regulation" or "The executives should be killed for this" are **not allowed**. +Overall is this a good idea? + 1. I think it would be a better idea to just have them put aside an account and leave it as inheritance. But, I don't know which option is better for tax purposes. +2. The other issue is we don't want our son to have access to blow money when he is 18 years old, even if we instill good financial mindset and habits + 3. I feel like this is leverage that they have over us or possible wedge, I dont't know how to describe it but it feels like a power move. + +We have the means to start such an account for him without their help. Would appreciate any other considerations we haven't thought of. +Currently it is at 79.36 + +What are your thoughts? + +[https://economictimes.indiatimes.com/news/economy/indicators/nomura-flags-rising-current-account-deficit-says-rupee-could-sink-to-82-against-dollar/articleshow/92675080.cms](https://economictimes.indiatimes.com/news/economy/indicators/nomura-flags-rising-current-account-deficit-says-rupee-could-sink-to-82-against-dollar/articleshow/92675080.cms) +1k is a great number. We made it! And a lot of people who have been here a long time have been waiting for $1000 to take some money off the table. + +Also, let’s not forget to mention the huge huge pump in other coins that temporarily boosted them into the #2 spot before bankrupting a bunch of newer investors with 70% plunges from the top. + +It will take time to develop support at this new level. To re fuel the rocket. + +If you are like me, and easily bored, now is a great time to educate new users. + +Things that are really impactful: +Don’t let newbs buy Ponzi schemes. Or other frauds. +Explain the importance of decentralization and dev in blockchains. +Explain security tokens vs app tokens vs blockchains +Friends don’t let friends margin trade! (Unless they are a pro) +Try out a bunch of dapps. Breed a crypto kittie. Use a ledger. + +Be safe! I’ll be looking for more memes! +For many years I was targeting normal FIRE with 800K USD in eastern Europe. I was preparing mentally and in terms of life style to live frugally on 20-25K USD per year after I hit 40. Then, suddenly, a windfall happened - a company where I worked long time ago went public and my liquid net worth went to 5M+ USD. + +And here lies the problem, I was preparing for traditional FIRE for so long that still, after 1 year, I can't mentally allow myself to spend, I keep looking for excuses. I worry that eventually I will either stuck in this mode or explode and spend a lot spontaneously on something what I don't really need and will regret it. + +Was anyone in a similar situation, how did you overcome this state of mind? +What advice would you have for me at my age? I also have my real estate license so I do have some general knowledge on how everything works. Im just wondering what else can I do now to set myself up for the future? Real Estate investing gives me hope that I won't be stuck in an average paying job my whole life just working to get by. +Hi all. + +I am pretty new to investments. I had invested in Tata Steel and received a mail regarding their dividend announcement. All I know about dividends is that companies pay Rs. X per share owned occasionally. Please CMIIW. + +Also, the mail says + +> We are pleased to inform you that the Board of Directors of the Company, at its meeting held on May 5, 2021, has recommended a dividend of Rs.25/- per fully paid-up Ordinary Share of Rs.10/- each, and in respect of the outstanding partly paid-up Ordinary Shares of the Company on which call money remains unpaid as on the date of book closure for the dividend payment, the dividend will be paid in proportion to the amount paid-up on such shares i,e. Rs.6.25 per partly paid-up Ordinary Share of Rs.10/- each (paid-up Rs.2.504 per share), for the Financial Year ended March 31, 2021 (together referred to as "the Ordinary Shares" of the Company). + +&#x200B; + +Can someone explain this like I'm 5? Thanks in advance! +Tangerine charged me $45 for transfer out but BMO has decided to charge three times. + +I am wondering if this is big banks' way of discouraging users from transferring out to no or low fee brokerages. Are other banks like TD and RBC equally brutal? +Referring to the 1988 crash of the Japanese stock market which took years to recover: + +“But what about the poor souls who invested before the crash? Didn’t they lose a lot? The short answer for long-term investors again is perhaps not. Equity returns were so explosive in the years prior to the bubble bursting that many were never left underwater. Even at the market’s [lowest point] in April 2003, an investor who had bought 20 years earlier would have an 83% return. That isn’t bad in a land largely without inflation.” + +[article](https://www.wsj.com/articles/in-the-long-run-stocks-really-do-go-up-11613464206?st=yesxkd6k23aqxp9&reflink=share_mobilewebshare) +Heya friends! + +Just need to bounce some ideas around. I (M26) recently started a new job in a new city, it's fun and exciting, but extremely heavy on the number of hours. I used to do 45 hours weeks, but nowadays I clock in a solid 55-60. I can handle it, but as a result, my at-home cleaning is suffering a bit. Most people wouldn't care, but I'm a clean and tidiness freak - I have somewhat high standards... unfortunately I am failing to meet them myself in my current work/life balance. (*Hard to get motivated to mop the kitchen after working 12 hours and working out...*) + +The weekend is when I try to knock things out - but man it feels bad to be missing out on relaxing time - given how precious it is. So I've been mulling over hiring some housekeeping help -like the twice-a-month type - just to help with the general upkeep of my place. The general quote was $125-175 per session. + +My take-home is about $3200 every two weeks, or $6400 total a month so I think it's within budget, but I just don't know if it's "***worth***" it. + +Can I please get some insight from people who have hired housekeeping? How did it go? Did you feel like the service is worth the dough? + +Thanks! +**CEO Performance Award Details** + +The performance award consists of a 10-year grant of stock options that vests in 12 tranches. Each of the 12 tranches vests only if a pair of milestones are both met. + +* Market Cap Milestones: To meet the first market cap milestone, Tesla's current market cap must increase to $100 billion. For each of the remaining 11 milestones, Tesla's market cap must continue to increase in additional $50 billion increments. Thus, for Elon to fully vest in the award, Tesla's market cap must increase to $650 billion. +* Operational Milestones: To meet the operational milestones, Tesla must meet a set of escalating Revenue and Adjusted EBITDA targets (the only adjustment to EBITDA is for stock-based compensation). These milestones are even more directly aligned with shareholder value creation than those used in Elon's 2012 performance award. They are designed to ensure that as Tesla's market cap grows, the company is also executing well on both a top-line and bottom-line basis. + +For each of the 12 tranches that is achieved, Elon will vest in stock options that correspond to 1% of Tesla's current total outstanding shares (1% of that amount is approximately 1.69 million shares). If none of the 12 tranches is achieved, Elon will not receive any compensation. + +&#x200B; + +[https://ir.tesla.com/news-releases/news-release-details/tesla-announces-new-long-term-performance-award-elon-musk?ReleaseID=1054948](https://ir.tesla.com/news-releases/news-release-details/tesla-announces-new-long-term-performance-award-elon-musk?ReleaseID=1054948) + +&#x200B; + +Edit: [ **Mark B. Spiegel**‏ @**markbspiegel**](https://twitter.com/markbspiegel) + +As I noted last week, right now [~~$~~**TSLA**](https://twitter.com/search?q=%24TSLA&src=ctag) = Bitcoin (except at least Bitcoin frauds get prosecuted!). As I said I’d do last week, I stopped it down to 5-6% of the fund when it took out last week’s high today, and will stay there until it reconnects with reality. +My daughter got sick found out it was cancer and job fires me immediately stated I was now a liability now months later and I’m about to lose everything with 2 kids one fighting stage 3 lymphoma people are ruthless +edit 11: u/miniouse adds an additional $1 milly. u/Heirophyn throws in half a GME share. u/fazeeeeeeee throws in an additional $500k. **Current offering is now $10,000,000 and a half share of $GME!** + +edit 10: u/mrSixpence throws in an additional $250k. ~~Current offering is now $8,500,000.~~ + +edit 9: u/LordFluffyJr throws in $250k. u/Brownie3245 throws in another $800k. ~~Current offering is now $8,250,000.~~ + +edit 8: u/blackflag1981 also throws in another $500k. \~\~Current offering is now $7,200,000.\~\~u/Catch\_0x16 throws in $500k for a separate but similar video (so I won't add it to the total) while u/blackflag1981 also wants to throw down $500k for Steve Asssphinctersayswhat Cohen. + +edit 6: u/tirwander throws in another $200k. ~~Current offering is now $6,700,000~~ + +edit 5: u/Devilswings5 and u/erthbndmsft also throw in 1 milly each. ~~Current offering is now $6,500,000~~ + +edit 4: u/eeksy and u/tricky4444 also add 1 milly each. ~~Current offering is now $4,500,000~~ + +edit 3: u/DrunkSpartan15 adds another 500k. ~~Current offering is now $2,500,000~~ + +edit 2: u/okfornothing adds another 1 milly. ~~Current offering is $2,000,000~~ + +I want to see ***GENUINE*** quality footage with decent audio. I want to see the look on his face. I want to hear him scream. + +In the case that multiple sources appear, I will award the source who provides the best quality footage. + +edit 7: If the source is a Main Stream Media outlet, then the offer is voided. The source must be a SINGLE INDIVIDUAL who is not affiliated with any Main Stream Media outlets. + +Do not harass this lowlife scum, he's not worth it. Just get the money shot when the time comes, and then get paid. + +Edit 1: wow that blew up. Can I get a flair update while I'm blowing up? I'm not a whitty ape so surprise me with whatever is good! Ideas: + +1. Kenny & friends | cell mates 2021 +2. I like u/CalKhal's creation: balLSDeep +3. balLSDeep in Gamestop +4. balLSDeep in Kenny's shorts +So the Bitcoin halving just happened if im correct! +Coinmarketcap says: +All Time High Apr 14, 2021 (a month ago) $64,863.10 +-50.86% + +So we did it! The Bitcoin halving happened! We are now at 31k and we did the halving! Get ready for a new bull run and dont forgot the seatbelts! Next stop is the moon! +Disney releases D+ just in time for the pandemic and is now highly competitive with Netflix which has 182.8 million subscribers globally compared with 104.5 million for Disney as of Q2 earnings report (including Hulu and ESPN, both of which Disney owns) without even launching in all international markets yet and launching Hulu in Europe next year. + +This weekend alone, D+ downloads rose +68% due to Mulan. Most importantly, with D+ launch access to Mulan at $30, they have complete ownership of all sales instead of sharing it with movie theaters. Consumer spending inside the D+ app spiked 193% this weekend. Source: https://finance.yahoo.com/amphtml/news/mulan-disney-plus-downloads-68-percent-weekend-194701349.html + +But the key thing to my thinking is that while Disney’s stock has performed relatively well during the pandemic due to D+, post-lockdown they have pent-up demand for their parks, cruises, and theatrical releases too. They are a lockdown play, a post-lockdown play, and a vaccine play. At every moment, they have a winning play and are highly differentiated with every competitor. The sum is worth a lot more than the parts. Thoughts? + +Edit: Wow didn’t expect this to get such a reaction. Some additional info, sources, and clarifications included +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! + +>The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy as lawmakers struggle to move forward on a new pandemic stimulus package. + +>The Labor Department said Thursday that initial jobless claims for the week ended Aug. 15 came in at 1.106 million. Economists polled by Dow Jones expected a total of 923,000. Initial claims for the previous week were also revised higher by 8,000 to 971,000. + +[CNBC article,](https://www.cnbc.com/2020/08/20/weekly-jobless-claims.html) +[Labor Department press release](https://www.dol.gov/ui/data.pdf) +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! + +President Biden proposed $6 trillion dollars of new spending for the 2022 fiscal year. Even with his tax increases we should expect $1.6-$1.8 trillion to be printed or loaned. Ignoring the politics on whether or not this will actually happen, I have a few questions. Feel free to answer any number of them: + +What will be the immediate affects of just the proposal? + +Will the US dollar see a considerable change in value due to inflation from this amount? + +Bonus question: a friend has been telling me to get into the crypto market. Will cryptocurrencies be affected? And if there is inflation would that make alternate currencies more or less valuable? +Please help. +I’m recently left with two properties, each worth at least 700k USD. + +Am about to enter my fourth year of college, and to pay the tuition (≈60k) I’ll have to sell one of the two properties. My concern is what do I do with the the remaining? What do I do with my other property? I’ll prob need to get help from an agent or something, but I feel like a 23yo inexperienced student girl like me reaching out to big organizations for help is literally begging to be taken advantage of. + +How do I educate myself? Would be grateful for any advice. Thanks in advance. + +My situation for context: I’m an international student from a third world country currently studying in the United States. +I see people asking about this pretty often, so figured I would throw out some stocks that I personally like. The criteria I look for is high volatility, strong support on the low end price range, and a company that is a solid long over the next couple years even if I were just buying stocks + +$20-25, SOFI, CLF. Both are somewhat popular on WSB, but the companies themselves are pretty solid. SOFI has a lot of potential as a Fintech company, already profitable. CLF is a steel producer, predicted to have a huge windfall from high steel prices this year. + +$15-20, APPH. Indoor farming with robots, has a lot of cash and is in the process of building several farms, first farm has been very successful. Notable for being extremely environmentally friendly compared to traditional farming and also extremely efficient. I personally really like this company a lot, got a ton of press last year + +$5-10, AQB. Aquatic farming, recently got approval to sell the first GMO fish that they developed a few months ago, have been farming these fish and sold out very quickly. Tons of potential here as well, very early stages though + +Please add more companies in the comments, I feel like this kind of stuff really helps discovery for people getting into trading +While the US tag team of Biden and Trump decided to make their world debut and try to lay a haymaker on cryptocurrency, all they simply did was accelerate the crabbing everyone already knew was coming. + +As the price of ETH continues to bounce tighter and tighter between that range of 2,100 and 2,900, the chart will be clear for some intense movement, and, with so many developments on the way, can only mean huge things for the market. + +When the tide turns, Saturna will be surging towards its next moon and it starts here with the mainstream media starting to catch wind. + +That’s right, there’s an article on Yahoo Finance right now about Saturna. And I would imagine that’s only the beginning. + +With the public still intrigued at the prospect of NFT’s, even during the crash, this could end up being what elevates Saturna above all the memecoins especially as people begin to look for what the next big trend could be. + +As we’ve seen with so many coins before, a resurgence in the market can mean huge things for a token with this many holders this early on (can you imagine how many holders of DOGE there were when it first started circulating?) + +Market volatility is a part of the game in cryptocurrency so it’s good to see a token producing revenue through its sales of NFT’s already selling one valued over $4,000 at purchase, and another for $2,000 as well. + +This shows there’s an appetite for valuable and verified NFT’s and as the marketplace continues to expand and allow P2P transactions, the potential will only heighten. + +So don’t make the mistake of selling too early on an asset that still has so much more room to run. Take a walk, read a book, play some vidya, do whatever it takes to get your mind off of the market today. + +Trust me when I say, it’s not going anywhere, you don’t need to make any emotional decisions and, quite honestly, if you’re feeling a lot of fear, the only thing you should really be considering is buying. But only do so if you’re comfortable, otherwise wait it out, and see where the market takes us. + +It’s looking like a bounce is already underway. Will this be the breakout? + +&#x200B; + +[Website](https://www.saturna.co/) + +[PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x1e446CbEa52BAdeB614FBe4Ab7610F737995fB44) + +[Telegram](https://t.me/saturna_TG) +>Reporter: You lay this out in the annual report, a lot of retail investors are told that they should have a certain percentage of their portfolio in bonds. Maybe they're told 60/40, maybe they're told 70/30 stocks to bonds. That's something you should do and that's the safe way of doing it. What are they missing? + +>WB: *Some people should not own stocks at all because they get too upset with price fluctuations. If you're going to do dumb things because a stock goes down you shouldn't own a stock at all.* + +>Reporter: What are dumb things? Selling a stock because it goes down? + +>WB: Selling a stock because it goes down. If you buy your house for at $20,000 and somebody comes along the next day and says I'll pay you $15,000 you don't sell it because the quote is $15,000. You would look at the house or whatever it may be. *But some people are actually not emotionally or psychologically fit to own stocks, but I think more of them would be if you get educated on what you're really buying which is part of a business and the longer you hold stocks the less risky they become...* + + +Thoughts? Does he really mean only individual stocks, but people should still be invested in their company's 401K or other retirement plan? + + +Without stocks, people (I'm talking about US investors and retirees) are either dependent on SS, a pension (if they're lucky), savings that get eaten away by inflation or the generosity of a nonprofit/family. + + +[YouTube - CNBC](https://www.youtube.com/watch?v=lg9jPLoeWJc) +Loopring is getting silenced in the crypto sub. I believe is to stop people from asking why loopring is mooning. If the crypto community start doing research on Loopring they'll find Gamestop, and to me that's great!! + +Loopring could get the attentions of millions just like the first doggy coin did. + +I understand this a GME sub, but let's embrace the mess! + +Edit: LoopBros are already throwing cash at GME in solidarity! + +APE TOGETHER STRONG!!! + +There's a LR sub loopring org +Go take a gander +High School Senior here that’s deciding on a college. + +I was lucky enough to land a full ride at Indiana University’s Kelley school of business. However I recently received admission to my dream school (Georgetown McDonough). + +The one drawback is that it will be expensive. According to my Excel calculations, i’ll have to take out about $98,260 in loans (mostly private). Parents will co-sign and have good credit so the rate shouldn’t be terrible but still is a pretty staggering number. + +I’m looking to go into high finance or consulting post-grad which I thinks makes it stomach-able but wanted to get other opinions. + +From talking to others currently in the scholarship program at IU, with diligent saving and internships i should come out positive 40/50k if i choose IU. I just visited and didn’t really like the campus or students but still want to make a prudent decision. Thanks + +Parents are saying GT for the simple fact that i would always regret not taking the chance if I chose IU + +EDIT: What im really struggling with would be the Long term value of a GT degree vs IU. There’s not anyone I know working in ESP (Elite Service Providers) that can comment on the worlds of Finance, Big Law, etc. Does pedigree actually matter that much? I’m confident i’ll succeed in either option though. + +Not a fan of hypotheticals but I’m hearing from Wharton and Columbia on tuesday and I would be in a similar position in terms of cost (maybe slightly less debt). Would love thoughts on this as well. + +EDIT 2: Ended up committing to Indiana +Hi, +I'm relatively new to investing but I'm looking at my current investments which are either in GBP or U.S dollars, they're mostly ETF/indexes (all-world, clean energy, gold etc) but I'm worried about these being worth less if the currency loses value. And by extension my 'safe' savings in my crappy interest savings account. Should I be buying these ETFs/indexes in € if I'm worried the pound is going to collapse? +Alright cucks, today we are gonna talk about DW8. Get your wife’s boyfriend in the room cause you’re gonna need to borrow his wallet for this one. + +I’ve seen a lot of misguided sentiment towards this company from you lot, mostly because people don’t understand the industry they provide too and how to interpret their successes so far. So grab yourself a greg or glass of vino cause you are in for a long thorough read. + +For the record, I am not a Financial advisor and you shouldn’t buy this stock cause someone with too much time on his hands makes a post about it on the internet. ASIC don’t fuck me in the shower. DYOR + +SO, let me start with a rundown of what exactly this company is and what they plan to do. + +**The Business** + +Digital Wine Ventures (DW8) states “we invest in technology-driven businesses servicing the global wine and beverage industry.” + +The global wine market is worth $300 Billion and growing. + +In April 2019, Australian wine entrepreneur Dean Taylor vended his sweetest new startup company, Winedepot, to DW8 and became the substantial shareholder and CEO. Winedepot is now the cornerstone investment of Digital Wine Ventures + +A brief lil background on ol mate Deano, cause it’s important. + +Deano has been in the online wine/beverage industry since 1999 during which he has founded, managed 7 different wine/online related businesses. He sold his first company, Wine Ark, to ASX:NSR for $8.5 million. He also launched the Cellar Club. The Cellar Club was then sold to Cellarmasters and later acquired by Woolworths as part of a $340 million transaction. + +He also launched My Wine Guy. A business that continues to grow at over 100 percent per annum. Just to name a few. + +IN SUMMARY, bloke knows his shit when it comes to operating online businesses and has deep connections in the Australian wine industry. + +SO ANYWAY, what is DW8’s golden child “WINEDEPOT”? + +Winedepot is a cloud-based service platform designed to streamline wine distribution. (and is now also being used for other beverages like beer/cider/spirits) + +The platform provides five key solutions relating to sales, logistics and payment and it generates revenue via transaction fees, storage fees, subscription fees etc. + +They describe their point of difference as servicing producers for a fraction of the usual cost. + +The next major step for Winedepot now, is launching their ‘Direct-To-Trade’ marketplace. + +“For the first time ever, trade buyers will be able to purchase by the bottle from hundreds of wine and beverage producers all via one order, one invoice, one payment and one delivery.” + +They claim this will allow them to provide substantially more brands and products than the largest three distributors in the country combined. + +This is due to launch in march 2021 (next month!) + +DW8 intends to solidify Winedepots presence in Australasia before expanding into other key markets for aussie vinos like the UK, North America, EU, Hong Kong and Singapore. + +In September last year they established their presence in New Zealand and have been steadily building over there too. Some of the figures they tote show just why this service is so attractive to wineries. “Currently it costs at least AU$90 to ship a dozen bottles of wine between New Zealand and Australia. Using our platform, the shipping will be about AU$7.95 per case” - Deano + +If that isn’t impressive, I don’t know what is. + +**The Financials** + +Now onto the sweaty financials, which admittedly is my weak point in understanding and I will happily be corrected if I make any incorrect assumptions below. + +Market Cap - 72M + +Current sp - 0.044 (as today's announcement it’s probably going to break 0.05) + +For the quarter ending Dec 31st 2020, they stated a revenue of 712k for the quarter, up 78% on the last quarter. This is also only accounting for 1 month worth of sales from their newly acquired logistics provider WDA, which welcomed 180 wineries to the company last November. Though revenue has been increasing strongly, it is expected to have a massive uplift with the launch of the marketplace in March. + +They have 700k debt. + +Until the company becomes cash/flow positive, as of december 31 2020, the company had $6.8 million left of funding available, representing five quarters left of use if spending levels remain the same. + +They also expect a significant proportion of the remaining 100M+ unlisted options to be converted before 23 February 2021, when they expire. In the last quarter the conversion of 45M options raised $1.35M. + +IN SUMMARY, the company is growing incredibly fast with great organic growth and the release of their marketplace in March is poised to be a real chilli in the ass type booster for their sales. + +**Extra Reading** + +I also want to touch on a few points I’ve seen people throw around in this sub who clearly don’t understand some of the recent news affecting this company + +* The China Tariffs + +I’ve seen people claim with the introduction of trade tariffs from China (a normally 1.2B revenue export for Aussie wineries) that DW8’s growth would be hampered, when in reality it's a positive. Let me explain. DW8 moved sharply by closing its Chinese subsidiary and instead re-focused its expansion efforts on other international markets. The tariffs now imposed by Winnie the Pooh will triple the price of some Australian wines, which will have a significant impact on their competitiveness in the Chinese Market. As a result, there’s going to be millions of litres of wine that will need to be sold in other markets. This will be extremely beneficial for Winedepot as the affected producers look for new routes to market. Along with the rapid switch to online buying due to COVID-19, this oversupply of inventory provides the perfect storm to launch their Direct-to-Trade marketplace. (March remember!) + +* The Post Christmas lull + +For some background in alcohol sales, December is the busiest month of the year with a steep drop off in sales following, January being the quietest. It is a cycle that affects everyone in the industry and the dip in sales is in no way isolated to DW8. + +In the latest company update for January, DW8 reported a 747% MoM increase in wine cases shipped vs last year. This set January 2021 (the quietest sales period for this year) up as the 2nd most successful month in the history of the company. This left DW8 feeling like the old Z1P, in that a positive market announcement somehow resulted in a falling sp. I believe this dip happened for 2 reasons. Firstly, people misinterpreted the fall in sales as poor growth. Secondly, people are cashing out now to take profits during the lower sales period, and will enter again later at a lower price point before the sales begin to spike up. Likely prior to the release of the new marketplace. + +Just before posting this, DW8 released an announcement stating they have successfully partnered with Vivino, the world’s largest mobile wine app and online wine marketplace. + +**Today's Announcement** + +Vivino had $265M USD wine sales flow through their system last year with 50M+ users. They also operate in 17 countries.This is MASSIVE. It was outlined as one of the major focuses for the new marketplace during their AGM meeting last october. They also intend to partner with Ebay and Amazon in the near future, if they pull that off, hello moon! + +There’s a lot of cake out of there and DW8 wants a slice. + +🚀 ***TL;DR*** 🚀 + +This is a fast growing company with proven management, at a currently undervalued sp, set to moon in March and never come down. Get in while you can so you can finally buy a lambo or feed your kids for once. + +🚀 + +If it matters, I hold 36,038 units at 0.055.Was hoping to get another parcel of $1k this morning at 0.44 but that announcement popped. Will likely still dip in again anyway, any price right now is undervalued from what they will be. Only up from here in the long run. +I had a baby last month sept 28th. I have been trying to return two work for 2 weeks now with nothing but the run around from them. We have no savings at all, no calateral, and now no income. My spouse was supposed to work but at the beginning of the month we found we need new control arms on car and new breaks ( his job is lyft) . So now we need 1490 for rent Nov 1st 1500 to fix car. We also need $369 to make car payment that was due Oct 1st. Our apartment will be filing for evection on the 15th. We won't have Nov car payment, we also won't have $296 car insurance payment for the 3rd so it will get canceled on the 15th. Our car most likely will get repoed. + +I applied to 200 jobs with no response back at all. We won't have pur phone payment either so I won't be able to hear soon from any company. I have no idea what to do at this point. Can't get a loan woth 300 credit score and spouse having no credit history. + +We have no one in the state we live in and no family can help us with money. I have no idea whatbto do at this pint since I also have a 22 month old. We applied for rent assistance from the state they said it will be 1 mo before they even look at the application. + +>Many of Fidelity’s retirement savers continued to contribute steadily with an average contribution of 8.9%, and 15% of savers even upped their contributions. Just 3% of 401(k) participants stopped buying stocks with their contributions. + +>Vanguard told Yahoo Finance that its clients have “overwhelmingly stayed the course,” with just 10.7% of U.S. households trading between Feb. 19 and April 17. + +>“Of those trading, 44% made only one trade during this period,” said Vanguard’s Felicia Melvin. And only 17% of people who made a trade made more than six. + +>Again, very few people stopped investing in equities: 0.6% of investors moved into an all-cash position while two-thirds of households moved into equities, though cash-wise more money flowed into fixed income. + +https://finance.yahoo.com/amphtml/news/vanguard-and-fidelity-investors-didnt-flinch-as-the-market-tanked-123748314.html + + +Surprising vast majority of 401k participants are staying the course, unlike /r/investing, and it seems these people are really unaffected by the overall mass unemployment. Vast majority of those out of work today don’t have 401k or incomes to contribute in the first place. Anyone think 401k investors are large reason why the market has had every dip being bought? The bottom is clearly past us. +Like the title may suggest, I used to be a WSB degenerate. I'm young and dumb, have saved money since before emerging from the canal, and was heavily enticed by insane & improbable returns from options. + +It all started early this year when I hit 10,000 dollars in my savings account and kept seeing about .08 per month in interest. (Yes, only 8 cents.) I thought "wow! I'll only have 1 extra buck at the end of the year from interest on 10 grand..." That wasn't good enough. + +March is passing through and covid is picking up. Lockdowns were starting and I knew if I wasn't working and my money wasn't working for me, it had to go somewhere better than the bank. I learn alot through YouTube and reading articles about stocks and options expecting to be able to throw money in at this low point and hold for a fat return. Then I saw what some of the autists from WSB were doing to seemingly win the lottery. Monkey see monkey do, but I'll make this shorter: That doesn't work. + +I happen upon the idea of these "covered calls" and thetagang instead of way OTM yolo calls. Instead of 8 cents a month I'm able to make about $350 a week on theta. Or 1400 a month. Feels good. + + +This is the way...and I appreciate the many of you who have shown me. +How many times must this be repeated? There's no official announcement from the SEC that they will be announcing any decision today about Ethereum. The US Gov't can't even decide what Cryptos are. The CFTC wants them as commodities and the SEC is incentivized to claim them as securities but they are neither. Crypto Currencies like ETH are currencies that live and bread on the Internet outside of all Government jurisdictions. Japan made the right move last Spring in 2017 by labeling and regulating Cryptos for what they really are - CURRENCIES with no tax when exchanged just like any other foreign currency. The US Government is CORRUPT as SHIT. +Just for fun. + +Does anyone know of any companies that offer decent benefits for buying shares in their company. + +Example if I understand it correctly I can buy one share in Mitchell and Butler pubs and receive 10 x 20% off vouchers for food and drink, each voucher can be used for 10 people at a time. + +What other companies run a scheme where shareholders benefit above and beyond the daily price fluctuations / dividends. +We might still be retarded, but this tactic to keep delaying ~~802~~ 002 could backfire on you spectacularly. + +1. Apes are going to keep buying and increasing their positions. +2. Proxy votes may exceed the float, at which point the GME board may call for an inspection before the election, and RECALL those sweet sweet shares BEFORE the extended ~~802~~ 002 implementation date of June 21, 2021. +3. IV could get low enough that all the calls start getting bought and executed. +4. There could be a major positive announcement or catalyst +5. A dividend could be issued. (Issue a physical dividend like Game Informer Magazine rofl) + +ETC. + +These guys are 100% shaking in their boots and pissing their pants right now because.... + +One wrong fart and ALL HELL IS GOING TO BREAK LOOSE. Way to destroy your whole business model guys. + +Thoughts and prayers. + +EDIT: MY DUMB ASS MEANT 002 + +EDIT 2: What if GME gets included in the Russel 1000? lol + +EDIT 3: CPI on May 12th!!! + +EDIT 5: LIQUIDITY TEST MAY 13th!!!! JAQUE LE TITS!!!!!!! +I did my PGCE this summer and passed. I did not get a job in the UK and looked for anything in inner/outer London. I would have lived rent free in zone 3 with my parents. + +My curret salary in Qatar is 10200 Rial or £2080 per month (no tax). I also get free accomodation worth 2500 real per month (£510) which is decent. However I would be living rent free in London as well and when I send my money back to my UK account I usually only get £2000. + +If I had stayed in the UK my salary would have been £32,157 (pre tax) a year or £2126 per month after tax (according to the MSE caclulator). But I do miss out on my teacher pension and [national insurance](https://i.imgur.com/wCqsIM6.png) of £2719. + +Pros - Job, Free rent in Qatar, Work 45 hours a week instead of 50-55. + +Cons - Miss out on living in London, No friends, No family, No social life, No human rights, No NHS, No pension. + +I came to Qatar for work but am unsure if I should come back to the UK after only 1 term here. Loads of teachers just fly back in the middle of the night as they realise they don't like it. Is it worth heading back at this point for a higher salary and better quality of life? +I know 90% of millionaires made by RE but in today's world of high price and inflation where cash flow is near zip for most markets, would investing today still provide long term wealth like we seen in the past few years or has the boat left for good? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +As I looked back over my cost basis info tonight fury rose up in me as I saw some of the purchases I made in the 300s back in January. Obviously I never sold a share, so the loss on those purchases remains on paper, but it doesn’t change the fact that criminals cheated me out of my hard earned money and hugely devalued those shares through illegal means. + +No one who bought in the 200s 300s or 400s made a financial mistake. Those shares were headed into the thousands without those cheaters intervening to rob retail of a fairly won victory. +(apologies for the inflammatory title) + +I am living the dream. \~3M net worth, \~700k / yr W2 earnings in a tech company. + +We tried avoiding lifestyle inflation for a long time, but after a while it becomes impossible given my goal of maximizing my earnings during this time. E.g., I was in market to buy a chair and desk for WFH. The old me (aspiring for regular FI, not Fat FI) would have done a ton of research, ordered a few items, tried and returned the ones I didn't like to find the best "ROI" items. Now, with kids at home and a demanding (+high paying) job, I prefer to just go to [wirecutter.com](https://wirecutter.com) and order their top recommended item regardless of the price. The amount of time I would have spent researching and agonizing over the best ROI item is not worth it anymore. I did the same recently with a blender, a coffee machine, a kid's bike ... and the list goes on. + +This change in mindset happened only recently when I realized that the time I would have spent on research/trials for lower priced items would be better (with higher ROI) spent with either my family or at my job. + +The effect is that my expenses have gone up. Whereas, earlier, I would have ordered a shitty walmart bike for my kid, now I order woom (or whatever top tier is available). + +This. Is. Lifestyle Inflation. In. Action. + +Not sure how to avoid it, and not sure if it is worth avoiding. + +How are you all handling this? Am I missing something? +This is a commonly held belief at least on this subreddit if not in other corners of the forex world. Frankly I think it's ridiculous, I'm going to tell you why I think that, and this being the internet you can tell me where I am wrong. +The kernel of truth here is that if you have some secret formula you don't want to give that to everyone. That makes sense because you worked your butt off for this skill and you don't want to give it to everyone. Does this mean that you will never teach anyone anything? Does this now mean you can't even impart the basics and some tips and things to avoid? Of course not. Successful traders could impart some portion of their skill quite easily. + +So what would motivate a guru, educator, youtube personality? I can think of a few reasons form positive, to negative, and neutral. + +**Negatives:** + +Pure greed is top of this list. How much money do you want right now? How much would you be satisfied with right now? The dirty secret is that once you get there, it is extremely easy and common to move the goals. You suddenly want more, you have expensive tastes, or friends that you need to keep pace with. Google "lifestyle creep" if you want more info on that. +Here’s another one that lies in all our hearts: ego. You want to be praised, you want to be told you are so smart, you want people following your every word. Especially common with youtube types and less with 45 year old finance nerds vanity publishing books with Wiley. + +**Positives:** + +Let's say you have an amazing system but you have no capital. What's a person to do? Prop firm is one way, another is to sell a portion of your knowledge via books and videos to get cash. This could be a motivator. + +How bout this one, someone who changed their life and wants to help others do the same? What a concept huh? If you can’t imagine this person existing you are in a dark place my friend and I hope you can get out sometime. These people may be rare, but I will not say nonexistent. + +**Neutral:** + +I have a family member who has a doctorate in psychology, and wrote a book on the psychology of retiring. One of the main points of that book is that people who think they are going to retire and just watch TV, play golf, and day drink are in for a bad time. Depression is very common in these types and they usually just wither away and die. Human beings need a mission, we crave challenges, and we need a reason to get up in the morning. If you are a wildly successful trader with no job to go to and you trade an hour a day, you really need a job or hobby. Producing forex videos and content is an option. + +Last thought is that there really isn’t a secret to give away. I have listened to literally days of interviews with traders and there is a common theme that they talk about: the mechanics of trading is easy and the psychology and discipline is hard. That means the strategy we spend so much time worrying about is actually not that important. Go grab the damn trading rush macd strategy and only trade with that for a month. Maybe tweak it a bit and you will learn everything about it. I will bet that that strategy is good enough for you to retire in a few years. + +So how can you tell the motivations of some rando forex dude on the internet? You can’t. Some are downright frauds and some are just bored and trying to help. You can be super paranoid or you can buy your ticket and take your chances. But assuming no on successful will ever impart any wisdom is ridiculous. +So I was running my daily search on the SEC website: [https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=all&startdt=2021-11-23&enddt=2021-11-23](https://www.sec.gov/edgar/search/#/q=gamestop&dateRange=all&startdt=2021-11-23&enddt=2021-11-23) + +Noticed a lot of NPORT-P's so I ran my script to pull the GME data for the data dump (open incognito): [https://docs.google.com/spreadsheets/d/1oVe2viQBOlgHKJL6qMnem3X3dReaBdgdRae05s8sZxE/edit#gid=1365586541](https://docs.google.com/spreadsheets/d/1oVe2viQBOlgHKJL6qMnem3X3dReaBdgdRae05s8sZxE/edit#gid=1365586541) + +For those AQR Funds, I only pulled 3 files so I opened them manually to see what's up. (two of them have short positions) + +Here's one of them (don't open on mobile screenshots bellow): [https://www.sec.gov/Archives/edgar/data/0001444822/000175272421251095/xslFormNPORT-P\_X01/primary\_doc.xml](https://www.sec.gov/Archives/edgar/data/0001444822/000175272421251095/xslFormNPORT-P_X01/primary_doc.xml) + +&#x200B; + +[Others have Morgan Stanley and Goldman Sachs as counterparty](https://preview.redd.it/qxyp446chd181.png?width=1658&format=png&auto=webp&s=3b45c033df5216ef37e82094e6f5b8717169d021) + +Then lower on the page we have gamestop: + +[this goes with a ton of other companies](https://preview.redd.it/aux3ik5ihd181.png?width=742&format=png&auto=webp&s=a6f60e1560891ac72a4570fa382f4254ab67cc83) + +Dividing the IV by III has values like 0.07 here. others have 0.06 and 0.08 + +So yeah, need an adult, what does that mean? Is it worth writing a script to pull those out? + +Secondly, there's this NPORT-P (don't open on mobile screenshots bellow): [https://www.sec.gov/Archives/edgar/data/0001557794/000175272421249853/xslFormNPORT-P\_X01/primary\_doc.xml](https://www.sec.gov/Archives/edgar/data/0001557794/000175272421249853/xslFormNPORT-P_X01/primary_doc.xml) + +&#x200B; + +https://preview.redd.it/3dfkida8jd181.png?width=576&format=png&auto=webp&s=3f85138c97f87394c94552d0a0d72fd67895ab2f + +&#x200B; + +[this looks like another swap](https://preview.redd.it/rltmnrygjd181.png?width=704&format=png&auto=webp&s=67ee7c433e5a1a9759bff7f63b962566eea764ca) + +&#x200B; + +u/Gherkinit , u/Criand , u/Leenixus? +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Banks are not doing you any favors. Banks make money, with the money that YOU lend them. Money kept in a savings account is not growing or working to increase YOUR wealth. You work HARD for your money so it should be invested so that it can grow over time. Investing gives your money the chance to grow quicker than if you keep it in a savings account. So, get started investing as early as possible! Investing is an effective way to put your money to work and build wealth. +My wife and I pulled the plug recently. We weren't expecting life to magically become better, but not much has really changed. We now have more time on our hands than we know what to do with. We've started traveling. We're finding it difficult to integrate socially because people are always surprised to learn that we're retired so young. It's becoming boring to repeat answers to the same questions over and over so we've learned to try not to bring it up. People keep asking what our aspirations are, and, well, we don't have any anymore. Not that I found any purpose in my work before, but without work there isn't any drive or "purpose" to wake up in the morning. We're still trying to figure out what our hobbies are. + +For those who've retired early, what did you start doing to find life fulfillment? For those still on the FIRE path, what are you planning to do after reaching your goal? +Scenario: + +* 5 crore capital available +* Investments will not be withdrawn for 15 years + +Option 1: Buy Nifty 50 Index Fund via SIP (e.g. 20 lac / month) + +Pros: No maintenance / effort required apart from SIP setup. + +Cons: Have to pay expense fee (expense ratio) every year. + +&#x200B; + +Option 2: Buy stocks corresponding to Nifty 50 Index (e.g. 20 lac / month). Yearly re-balance. + +Pros: One time cost during stock purchase, and yearly rebalance. Yearly DP charge. Considering all the charges for 15 years, the total expense on Index Fund would be more than buying Stocks (It has to be! AMC must have the same cost of buying/maintaining stock and then charging expense ratio on top of it) + +Cons: Have to manually rebalance every year. + +&#x200B; + +Based on the above I was inclined to go for stocks, but then I realised I missed one important aspect: Dividends. + +I see the current Nifty 50 dividend yield is around 1.4%. +For someone in 30% tax bracket this means 1.4 \* .3 = 0.42% expense as tax (for dividend) every year. This is higher than the expense ratio for the Nifty 50 index fund. + +I read on Value Research website that AMCs don't have to pay tax on dividends that they receive from the stocks they own as part of the fund. + +Based on the above, it seems like Index Fund is the way to go (if you are in 30% tax bracket) + +Is the above analysis accurate? +I just want to say a big thanks to all the people in this sub. Since joining here a couple of months ago I have finally started to get my financial house in order. I’ve cleared the credit card debt, stashed some emergency savings and today I managed to negotiate a discount on my home loan interest rate ( paying it off actually looks in reach within the decade now!!!) It’s the tips from this group that have really helped. I want to build up a healthy emergency fund buffer and then take the next step to investing. Thanks! +Hello again beautiful apes, + +I was snooping around on the google trying to find more stuff on our favorite multi-national crime syndicate. + +I found a bunch of documents using some search strings I won't say exactly how but I can prove I found them using simple search terms if I need to. All publicly available. I'm still sifting through them but I found something that literally proves my last DD right. In THEIR OWN WORDS. + +The last DD I made was super long so I'm going to make this shorter and straight to the point. + +Remember when I said: + +**"I believe these form D/A filings are the combination of a paper trail, receipts of the Total Return Swap payments, AND hiding money in the Cayman Islands by selling packaged Debt Securities to it's own shell corporations.** + +**Not just for Citadel but for every Hedge fund. This is how they funnel their money by hiding in plain sight."** + +and + +**"SOOOO According to the rules of Regulation D, they can technically use a Form D/A to sell bonds, CDOs, preferred stock, maybe even shorts and what ever else they want to package in \*COUGH -- TOTAL RETURN SWAP -- COUGH\*. AND use exemption from the 1940 Investment Company Act to hide it."** + +Well all of that was just speculation. I just assumed they "could" if they wanted to. But had no verifiable proof. It was just a logical / plausible theory. + +Check this shit out from 2013: + +[https://s3.amazonaws.com/citadel-wordpress-prd102/wp-content/uploads/2016/09/26121830/Citadel-CFTC-Comment-Letter-on-Further-Proposed-Cross-Border-Guidance-FINAL.pdf](https://s3.amazonaws.com/citadel-wordpress-prd102/wp-content/uploads/2016/09/26121830/Citadel-CFTC-Comment-Letter-on-Further-Proposed-Cross-Border-Guidance-FINAL.pdf) + +Citadel bitching about other funds doing exactly what I hypothesized. And the only reason they're bitching about it is because they want to see the info reported so THEY can make decisions based on it. Because someone was probably kicking their ass for a minute. **"Ma no fair, he's doing it too"**. + +*-------------------------------------------* + +CITADEL'S OWN WORDS: + +*We understand that a material volume of swaps market activity is* ***conducted by funds that are organized or incorporated outside of the U.S***\*., but that have a U.S. nexus.\* ***If the U.S. person definition were not to apply to such offshore funds***\*, despite their U.S. nexus,\* ***then a core, active portion of the swaps market would fall outside the scope of the transaction-level requirements***\*, including the\* ***clearing and reporting requirements***\*.\* + +*-------------------------------------------* + +There you have it folks. In Citadel's own words. Offshore funds can and have been trading for YEARS in the Cayman Islands without reporting shit. And apparently it's well known by their inner circle. Hedge funds, SEC, CFTC, all dem. They all knew about this for years and let it go on. + +They say "Swaps" but according to form D's rules, they can do it with anything not just Swaps. + +And instead of outright banning this shit, they just made the loopholes more convoluted and harder to track. As people find out about this shit, they propose "laws" for transparency, but include easy to get around loopholes. + +*-------------------------------------------* + +[https://www.morganlewis.com/pubs/\~/media/fc229a42f175480591551fb6c9ff61f4.ashx](https://www.morganlewis.com/pubs/~/media/fc229a42f175480591551fb6c9ff61f4.ashx) + +Updated U.S Person definition. + +Loophole: + +*"The CFTC has indicated that the definition of U.S. person* ***will not include a non-U.S. affiliate of a U.S. person*** *that is guaranteed by that U.S. person. In addition, a commodity pool, pooled account, investment fund, or other collective investment vehicle* ***will not be considered a U.S. person if it is publicly-traded but not offered, directly or indirectly, to U.S. persons.****"* + +In Ape Terms: **Hey sir from The Caymans, can I put my shell corporations in your name instead of mine so I don't have to report anything?** + +*-------------------------------------------* + +**TL;DR Proof, by their own words that hedge funds can trade offshore without reporting anything. And Citadel bitched about it because someone else was doing it too lmao** + +*-------------------------------------------* + +Essentially proving my last DD right: + +[https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling\_in\_the\_deep\_dive\_hiding\_money\_in\_the/](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/) + +&#x200B; + +Edit: Some apes have concerns that they seem to be able to do what ever they want so how will they get liquidated? + +I don't think any of this will affect the MOASS. I think perhaps this is all just ways to save their asses. Not the company but personally. Hiding assets with no record. Selling bad debt to unsuspecting whales. That sort of thing. Not that they can't get margin called, but that when they do, it'll be someone else's problem. + +Apparently CFTC released this statement today: + +[https://www.cftc.gov/PressRoom/PressReleases/8422-21](https://www.cftc.gov/PressRoom/PressReleases/8422-21) + +Granting relief from reporting til 2023. + +I think the reporting rules likely has something to do with post-MOASS litigation. Hiding evidence. Giving lawyers time to prepare for the fall out. I think MOASS is inevitable at this point and everything they're doing is simply to keep some money left over. They're hiding shit like crazy using these rules and exemptions and the CFTC seems to be complicit by allowing them to throw the reporting into 2023, thereby making it harder for investigators to look into it and make trials take years. + +But that's my personal opinion, I could be wrong. +I've been building [Quiver Quantitative](https://www.quiverquant.com/) over the past couple years, a free alternative data platform, and wanted to start sharing some of the data I've been providing in the form of daily posts. + +If you'd like to take a deeper dive, you can clink the links in the section headings to see live data updates for the respective datasets, or navigate through the rest of [my investment data site](https://www.quiverquant.com/) to see other datasets. + +These updates include just a handful of brief insights from a few of my datasets to keep things as simple as possible. I know people get tired of reading big walls of text, so I'll try to keep these updates as visual as possible. + +I hope you enjoy, and please let me know if you have any feedback. + +[**Off-Exchange Activity**](https://www.quiverquant.com/offexchange/GME) + +Yesterday, 609.58 thousand shares of GME were traded off-exchange and 342.72 thousand of those shares were sold short, giving GME a DPI of approximately 0.56. + +[Graph: Net Short Volume Off-Exchange](https://preview.redd.it/uv1qwnv7wwc71.png?width=3002&format=png&auto=webp&s=4b381c15456e897269df45607201d54102da1f9f) + +[**Failures-to-Deliver (FTD)**](https://www.quiverquant.com/sources/ftd) + +[Graph: Failures-to-Deliver of GME](https://preview.redd.it/l5u7bq5awwc71.png?width=3002&format=png&auto=webp&s=c1ab8301b56bf9b6b8b3b95290dd4c84a314a22a) + +[**Reverse Repo**](https://www.quiverquant.com/offexchange/GME) + +There have been daily posts on this data, but they're typically missing the historical context showing how large the recent numbers are in relation to in years prior. Here's a visualization: + +[Graph: Reverse Repo Operations](https://preview.redd.it/jxhjp38cwwc71.png?width=3002&format=png&auto=webp&s=c058ae2ede27059ffca78c13a7b7d0687354c7ed) + +[**r/SuperStonk**](https://www.quiverquant.com) + +Here's a snapshot of some of the r/SuperStonk subreddit statistics I've been collecting: + +[Graph: Subs gained](https://preview.redd.it/kmb8ozgewwc71.png?width=2408&format=png&auto=webp&s=b32be3221cd74a7bbea8b2714b57f080dbec5ee0) + +[Graph: Active users](https://preview.redd.it/2y8j3lrfwwc71.png?width=2408&format=png&auto=webp&s=d1b486d14d5f70d9db403d0775fe2ab645c9f67c) + +[**Reddit Discussion outside of GME subs**](https://www.quiverquant.com/) + +GME was mentioned 121 times on Reddit threads in non-GME subs that I collect data on, #8 out of 571 tickers mentioned. Here's a deeper breakdown of discussion: + +[Graph: Mentions](https://preview.redd.it/46ux8vbhwwc71.png?width=2408&format=png&auto=webp&s=1a44c9e5b9902e8575e2cdc7bc1eb9f83d2f4c6a) + +[Graph: Sentiment](https://preview.redd.it/szvdx8riwwc71.png?width=2388&format=png&auto=webp&s=fba7d39a442fef9b1d3f9454382ef68bb9a61282) + +[**GameStop store review counts**](https://www.quiverquant.com/sources/gamestop) + +[Graph: New reviews](https://preview.redd.it/evkhn55kwwc71.png?width=2408&format=png&auto=webp&s=d92b6819e4f55879a02cd6ce9b0b12fd79e38b73) + +[**Stock trading by US Congressmen**](https://www.quiverquant.com/sources/senatetrading) + +No new trades of GME disclosed today. Here's a graph showing net trades of all stocks made by US Senators alongside the market: + +[Graph: Senate sentiment](https://preview.redd.it/jdwfrjymwwc71.png?width=2284&format=png&auto=webp&s=b95f044d5749dd3491c440d210648512a30a5162) +[S&P 500 rises for a 7th straight day after strong jobs report, best winning streak in 10 months (cnbc.com)](https://www.cnbc.com/2021/07/01/stock-market-open-to-close-news.html) + +>Stocks rose on Friday and the S&P 500 hit another record high after the June jobs report showed an accelerating recovery for the U.S. labor market. +> +>The broad market index rose 0.75% to 4,352.34, while the tech-heavy Nasdaq Composite climbed 0.81% to notch its own record at 14,639.33. The Dow Jones Industrial Average added 152.82 points to close at 34,786.35. The S&P 500 has now risen for seven consecutive sessions, its longest winning streak since August. +> +>Solid moves by major tech stocks helped support the overall market on Friday, with shares of Apple and Salesforce rising by nearly 2% and 1.3%, respectively. Microsoft jumped 2.2%. +> +>For the week, the Nasdaq Composite rose nearly 2%, while the S&P 500 and Dow climbed 1.7% and 1%, respectively. Several sectors closed at record levels on Friday, including tech and health care. +> +>The strong week on Wall Street was spurred by a string of solid economic reports, capped by a better-than-expected jobs report on Friday morning. +> +>The economy [added 850,000 jobs last month](https://www.cnbc.com/2021/07/02/jobs-report-june-2021.html), according to the Bureau of Labor Statistics. Economists surveyed by Dow Jones were expecting an addition of 706,000. The print topped the revised 583,000 jobs created in May. +> +>“This is a strong report and should be taken as a sign of things to come for an accelerating labor market,” Aberdeen Standard Investments deputy chief economist James McCann said in a note. +> +>Angelo Kourkafas, an investment strategist at Edward Jones, said that the report showed solid growth but wouldn’t change the Fed’s policy path, hitting a sweet spot for markets. +> +>“I think it was one of these goldilocks-type of reports, because hiring accelerated -- which is a positive sign for the second half and the recovery -- but not so much that it would trigger a reaction of an accelerated timeline for the Federal Reserve to start tapering,” Kourkafas said. +> +>In addition to the job gains, average hourly wages rose 0.3% for the month and are up 3.6% year over year, matching expectations. +> +>Goldman Sachs chief economist Jan Hatzius said that the report eased concerns about a labor shortage. +> +>“I think we also learned that the explanations for the weaker numbers from April and May -- namely that seasonal probably weighing on job growth and probably some impact from the unemployment benefits on labor supply -- that those were pretty good explanations. So I think it was reassuring, in that sense,” Hatzius said on CNBC’s “[Squawk on the Street](https://www.cnbc.com/squawk-on-the-street/),” adding that the unemployment rate coming in higher than expected showed that the recovery still had a long way to go. +> +>The S&P 500 has now risen in five of the past six weeks, while the Nasdaq has gained in six of the past seven weeks. +> +>Even with the recent strength for stocks, market strategists say that uncertainty about the future of the Fed’s asset purchases and the upcoming earnings season could keep stocks from making major gains in the near term. +> +>“The market is still very much concerned about the Fed’s reaction function,” said Max Gokhman, head of asset allocation at Pacific Life Fund Advisors, adding that he thought there was still a lot of slack in the labor market. +> +>One weak spot for the markets this week was small caps, as the Russell 2000 slipped 1% on Friday to finish negative for the week. +> +>On Friday, shares of Boeing fell 1.3%, weighing on the Dow, after a 737 cargo plane made an [emergency landing off the coast of Honolulu](https://www.cnbc.com/2021/07/02/boeing-cargo-plane-makes-emergency-landing-in-ocean-off-honolulu-coast-faa-says.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1625234441). IBM’s stock fell 4.6% after the company [announced that president and former Red Hat CEO Jim Whitehurst was stepping down](https://www.cnbc.com/2021/07/02/ibm-president-jim-whitehurst-steps-down-after-red-hat-deal.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1625240953). +> +>The U.S. markets will be closed on Monday for the July 4 holiday.z +I recently stumbled upon [this video](https://youtu.be/U7lAke9Gd5c) on YouTube. + +The lady talks about a case in which how easily some company (Urja global) declares partnership with some foreign company without any regulatory body like SEBI verifying it. And how difficult it is for retail investors to reach out to such institutions for help or to raise issues. + +If all this is true, if they all are hand in glove with this, how can small investors even trust SEBI ffs? + +What do you guys think? +A gist of what he said: + +1. His kids were not interested in stocks but are hooked onto cryptocurrencies, and the government has to respect that, and develop a positive outlook. + +2. While scams and fraudsters must be cracked down, the general market must be allowed to develop. A working group of SEC, FINCEN, CFTC and other group members are working on identifying scams in this space. + +3. When asked if Crypto has any "intrinsic value"? - There is an intrinsic value and relation of the value of bitcoin and the cost of mining it. + +4. Price of Bitcoin is just one publicly traded company like McDonalds. In comparison, global money supply is 7.6T. And since Bitcoin has been compared to digital gold, value of all gold in the world is 8T. + + +5. HOLY SHT.. He just mentioned "HODL". Hahaha - According to him its "Hold on for dear life". + +"We must crack down hard on those who abuse our young enthusiasm for bitcoin and blockchain technology" + +"We owe it to this new generation, to respect their interest in this new technology with a thoughtful regulatory approach." + +---- + +In the middle of all this Senator Brown was constantly bashing banks, a topic un-related to all the discussion. Apparently banks have had 80+ violations in the recent months. Lol + + +----- +Other points: + +- No of times drug dealing mentioned in the proceedings = 0 + +- No of times terrorism mentioned in the proceedings - Venezuela Petrocoin and Russia Cryptorouble (and North Korea) were discussed - they were seen as ways these countries could use crypto assets to skirt US sanctions. Though the SEC chair addressed that there was not much they could do, but are working with Feds and the treasury. + +- "illegal transactions" was discussed, and the steps taken to combat misuse of crypto. + + + +##Update: + +This is another Nebraska Legislative hearing on Bitcoin bill which is live now: + +http://netnebraska.org/interactive-multimedia/government/legislative-hearing-banking-commerce-and-insurance-room-1507-55 + + +>"The whole, or almost the whole public revenue, is in most countries employed in maintaining unproductive hands... **great fleets and armies, who in time of peace produce nothing**, and in time of war acquire nothing which can compensate the expence of maintaining them... themselves produce nothing, [and] are **all maintained by the produce of other men’s labour...** Those unproductive hands... may consume so great a share of their whole revenue, and thereby oblige so great a number to encroach upon their capitals, **upon the funds destined for the maintenance of productive labour**, that all the frugality and good conduct of individuals may not be able to compensate the waste and degradation of produce occasioned by this violent and forced encroachment." + +[Adam Smith, The Wealth of Nations - Book II - part III. "Of the Accumulation of Capital, or of Productive and Unproductive Labour"](http://www.bartleby.com/10/203.html) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I’ve never considered myself to be great with money. Over the years I decided to become more diligent and as a result have recently hit $100k in savings. + +While I’m proud of this achievement, I notice that I’m not as happy as I used to be. I have money on my mind a lot and also tend to live a lot less courageously. + +Does anyone else feel that their preoccupation with wealth encourages them to live a less interesting or fulfilling life? +So i got back in the crypto game some 20 months ago. + +Back then Kraken had a support chat, they were great and very helpfull, KYC verification was within 48 hours. + +Now i have been waiting 4 weeks for replies. + +It is the same for everyone who is trying to register an account, a ton of people have a hard time getting money onto the exchanges. + +Something needs to be done about this, not because i care about quick adoption or a big bull run, but simply that a free market would not allow this to continue, which leads me to the conclussion that we arent in a free market, we are in the grips of a few companies that have a monopoly on the market. + +Can someone come up with an idea to remedy this please? + +Maybe one of you heroes out there has the skill to put up a company and make an ICO so that we can have a community owned/operated exchange. + +My suggestion is to set it up in Malta, the government is very blockchain friendly here. I can help you with the contacts on the island. + + +Edit: Good job guys! looks like our little experiment paid off, coinbase is the first exchange to capitulate and offer up an appology and a road map to solve this problem, my thinking is that this will force the rest of the exchanges to follow suit. + +See below for link to the statement from coinbase: + +https://redd.it/6g2y9u +https://www.thehindu.com/news/national/cabinet-approves-model-tenancy-act-for-circulation-to-states-uts/article34708533.ece + +The Union Cabinet on Wednesday approved the Model Tenancy Act to be sent to the States and Union Territories to enact legislation or amend laws on rental properties. The meeting was chaired by Prime Minister Narendra Modi. + +“It will help overhaul the legal framework with respect to rental housing across the country, which would help spur its overall growth…It will enable creation of adequate rental housing stock for all the income groups thereby addressing the issue of homelessness,” a government statement said. + + +https://swarajyamag.com/news-brief/model-tenancy-act-approved-to-unlock-vacant-houses-for-rental-purposes +>Rich Millennials to Financial Advisers: Thanks for the Golf Invite, but You Can’t Invest My Money + +WSJ recently wrote an article about it, you can easily find an article if you are interested. + +I hear the same again and again: "anyone can do a job of an average financial advisor". Below is a story of a person from the industry. + +>We had a group of 5 mutual funds and our decision to decide what fund to put them in was based on one question: “on a scale of 1-5, what is your risk tolerance”. We asked every single client this and based on their answer plus their age, income and savings we put them in one of those +> +>I thought even a monkey could do my job at first but was amazed how many clients wouldn’t invest at all and just had their money sitting in cash. I wondered how even without an advisor why people couldn’t/wouldn’t pick pretty much any mutual fund and put their money there +> +>I got paid based on how much I got people to invest and thought it would be easy money to convince people to make their assets grow but it was damn hard. Most clients had money in a CD and would refuse to move it + +Have you ever thought of going to money managers? + +Maybe you tried - what was the experience like? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://www.cnbc.com/2020/06/21/banks-have-grown-by-2-trillion-in-deposits-since-coronavirus-first-hit.html + +A record $2 trillion surge in cash has hit the deposit accounts of U.S. banks since the coronavirus first struck the U.S. in January, according to FDIC data. + +The wall of money flowing into banks has no precedent in history: in April alone, deposits grew by $865 billion, more than the previous record for an entire year. + +Deposit gains were concentrated at the very top of the industry: JPMorgan Chase, Bank of America and Citigroup grew much faster than smaller firms in the first quarter, according to company data. + +One consequence of the boom: Banks will likely lower their already paltry interest rates. +Applied for a 15L personal loan, got approved after verification and whatnot. This is to supplement my funds for education abroad. + +Now, the interest rate I was offered during the application was 13.25% per annum. + +Now, post approval, I got a call from my HDFC bank loan relationship manager and she said she could get my interest rate down to 10.99% (among the lowest for a personal loan -- she said that was because of my good credit history and monthly earnings and whatnot), BUT ONLY IF I buy a 'Loan Protection Insurance' that they are selling (funnily, that was from ICICI Lombard lol). + +So, my question is this: Should I take it? The one-time insurance premium she quoted was something like 16000 INR, and in the long-term (the loan is for 5 years), I will end up saving money but I was still skeptical about the whole thing, so I wanted to post here. + +What's this sub's opinion on this? +Sup apes + +not financial advice in the slightest. + +Before I begin this analysis post, if you question the validity of fibonacci and Elliott Wave because it has proven to be "incorrect" you are approaching this topic with the wrong mindset. Fibonacci and EW are quite literally the "formula" to the stock market, but its much easier to understand than it is to implement. + +GET FUCKING HYPEEEE!!!! + +Obligatory crank: [https://www.youtube.com/watch?v=Phy75VJRObQ](https://www.youtube.com/watch?v=Phy75VJRObQ) + +Spotify link: [https://open.spotify.com/track/21UoRIOIjkWdHU8xbxQ0Z7?si=1958348bf5524bf0](https://open.spotify.com/track/21UoRIOIjkWdHU8xbxQ0Z7?si=1958348bf5524bf0) + +As always, I post intraday analysis on my [twitter](https://twitter.com/gavinmayreal) to provide updates on what I see, if you're interested in the snippets/BTS charting, you'll love it. + +In this post I am going to be going over mainly GME and touch on a few indices. + +First off, if you've been reading my posts for a while, you'd know I was on the lookout for the current trend to hold above 197 for my wave count to be correct. Friday and today we broke below this level, seeing a low of 193.71. + +Wut mean you ask? + +All this means is that the count I was analyzing on a smaller scale was invalidated, as we broke below the original supposed low target of 197. + +In lehman's terms, instead of a 3 within a 3 within a 3 within a 3, the updated trend will be a 1 within a 3 within a 3 within a 3. + +basically, nothing is changed. + +I am also very well aware that bad actors read my and other's analysis and act on it as an attempt to attack the validity of not only technical analysis but members of the sub that are looked up to for their analysis. + +To the shorts that do this, I say fuck you, pay me. + +I have happily added more shares under 200, that's a fucking steal if you ask me. + +Here's my updated chart factoring in today's low, simplified (I cleaned my shit up big time) + +[Daily](https://preview.redd.it/lq89qnsfqn971.png?width=2816&format=png&auto=webp&s=720f08ff3a540599c47662db4299584baef44abc) + +Note, the only targets changed from the recent downward pressure (white line/red annotation). All larger scale targets remain the same, the only way the latter would be invalidated is if we broke below 112.83 (yellow line target) and 38 (blue line target) + +The white (3rd largest degree) will go down proportionate to how much downside we have from hereon out. example, the 1.618:1 ideal wave 3 target factoring in today's low of 193 comes out to 567.66. If we drop to a low of 190 in the next few days before continuing up, then the updated 3 target would be 564.66. + +My biggest reason for writing this is to clear up some misconceptions I have heard regarding the wave structure. + +So idk about you, but I could care less about what happens in the short term. The overarching setup is (as always) screaming buy. + +However, in terms of my previous prediction of 197 being the low, this fell through as we broke below the smaller scale wave 1 low. Remember, for a motive (5 wave impulse) structure, wave 2 cannot retrace into the territory of your wave 1, otherwise you must redraw. There is NO exception for this rule. + +Before I continue with GME, I would like to shed more light on my [$SPY analysis ](https://www.reddit.com/r/Superstonk/comments/obn6rx/elliott_waves_and_the_top_of_the_market_is_this/?utm_source=share&utm_medium=web2x&context=3) . I still hold my 432 top target, I just want to go a bit deeper in the analysis. I was considering making another youtube video so you could see how I analyze and draw targets, but I'll save that for another time. I do want to thank you all for the insane amount of support on my first (and only) [GME SPY EW video ](https://www.reddit.com/r/Superstonk/comments/o1j93q/a_message_from_elliot_waves_guy/?utm_source=share&utm_medium=web2x&context=3) + +Here's what I see on a 4hr view: + +[4hr](https://preview.redd.it/wf4gw34otn971.png?width=2782&format=png&auto=webp&s=20c654cb312a1b3823a203fdde519bc7a26c9d94) + +Monthly: + +[Monthly](https://preview.redd.it/51ovbhfstn971.png?width=2772&format=png&auto=webp&s=11191e09c072e0d761c6d48e487db233da740945) + +Without a doubt, SPY is ridiculously extended to the upside. + +I believe we will see 436 hit in the near future at the very least, highly doubt much more upside from there. My reasoning for this is remember that EW is a fractal trading strategy, meaning targets on a smaller timeframe line up to form larger time frame targets. + +&#x200B; + +[visualized](https://preview.redd.it/51mjqx85un971.png?width=2824&format=png&auto=webp&s=e6549eb2b289e18c38c3e5965405607447805b86) + +You can see the 5 wave structure from the recent lowest low, normally wave 4 can't retrace into the territory of 1, however keep in mind the overarching wave is a 5, meaning 4 CAN retrace into the territory of 1. This trips a lot of new EW traders up as they don't understand the rule of **diagonals.** + +regardless, wave 5 usually targets .618 - .786 of 1. the .618 level of this move comes out to 436, where the bigger cycle 5 next target comes out to 436 as well (1:1 level, yellow). + +an extension of above .786 for a wave 5 is considered to be extended for what it's worth. The yellow trajectory I drew is **only for visualization purposes** and in no way is saying this is exactly how SPY will play out in relation to price/time. + +the reason I'm talking so much about SPY here is because GME and a little something called negative beta. in short, market go down, GME go up, and vise vera, though correlation does not mean causation all the time. The market being near the top and GME near/at the bottom of the trend is interesting when you compare the two, and the supposed trajectory of each from hereon out using EW: + +&#x200B; + +[visualized](https://preview.redd.it/kyv6eatvun971.png?width=2782&format=png&auto=webp&s=1983cec53b01236137008a1039415c226380dda2) + +again, do note the white lines on SPY are only for visualization purposes, see my SPY DD for in depth retracement targets for our seemingly imminent bear market. + +SPY near top and GME near bottom, hmmmm... + +In terms of GME downside should this not be the bottom, super dumbed down, here's the channel GME is traveling in with fib dates worth keeping an eye on: + +&#x200B; + +[channel in red, time extensions colorful](https://preview.redd.it/6uei55gevn971.png?width=2792&format=png&auto=webp&s=20b232cd208d12dcd1a0c33f885f697d41cf446d) + +Fibonacci time extensions can also be used to predict when a wave will change trajectory. In this scenario, I measured the length of the 1 (from 113 to 344) to get fibonacci numbers in relation to this time period. Stocks often need to cool off/consolidate after big moves before continuing the original trajectory. Totally normal in the stock market. + +However, given that GME is incredibly manipulated, take these fib dates with a grain of salt. I personally don't use them often with GME, though on other tickers I have found it to be quite profitable. Not that I endorse GME day trading at all, because you shouldn't, though when trading NORMAL (key word) tickers, Ideally, when swing trading, you load a full position a bit after the first upwards move, and use fib time extensions to predict when the corrective wave will end. + +In this scenario, the 38.2 time extension comes out to tomorrow, which signals a **potential** reversal coming tomorrow. Wednesday is also notorious for erratic GME movement, so stay buckled up! + +What's realllllllly fucking interesting is the 50% time extension comes on the notorious 7/14 date. + +What I want you to take away from the above visual is in the event that our reversal doesn't begin tomorrow from today's low, lower bound of the channel comes out to around 175. Just keep an eye on that level for some insane cheapies if Shitadel decides to abusively press the short button. + +All in all, GME is incredible bullish and those that hodl through this wave 2 will be handsomely rewarded. This I can guarantee. Fibs don't lie. + +What make's me think today COULD be the low is, you guessed it, significant fib levels. This time, I measured the low of february to the high of march (second highest degree of waves), visualized: + +&#x200B; + +&#x200B; + +[4hr](https://preview.redd.it/2qrmj1fuwn971.png?width=2768&format=png&auto=webp&s=131324b10245d06fae1396aa73c6366854c49b3a) + +Fib level? 193.5. Today's low? 193.71. + +so close to .69 :') + +Until we have significant upwards pressure, I won't have narrowed down smaller timeframe upside targets, but larger timeframe targets are still valid. It will be very hard to break the overarching setup for the shorts. + +I'm out. Thanks for reading 🍌 + +Time to go get high af and stare at fib levels some more. + +TLDR: Boom soon, Market near/at peak, GME at/near bottom, negative beta, GME to 8+ figures is not a meme and will happen if you believe and hodl for it. I know I will 🚀 +Did you take it? I’ll start — an old boss of mine encouraged me to get a car on finance. He and my manager both leased luxury cars for over $1000/month. I didn’t take his advice and found another job soon after. +https://www.scmp.com/economy/china-economy/article/3078251/coronavirus-chinas-unemployment-crisis-mounts-nobody-knows?utm_source=Pico&utm_campaign=26a6ebb205-EMAIL_CAMPAIGN_2020_04_03_10_44&utm_medium=email&utm_term=0_aa6d5ab160-26a6ebb205-165461233 + +Some of the paragraphs from the article: + +> In the United States, data on the number of Americans filing their first claim for unemployment benefits each week offers a relatively up-to-date reading of the national jobless situation. But in China, jobless indicators are released on a monthly or even quarterly basis, and cover only part of the workforce. + +> The most widely cited figure, the surveyed urban unemployment rate issued by the National Bureau of Statistics (NBS), jumped to an all-time high +of 6.2 per cent in January and February combined, up from 5.2 per cent in December. This roughly equated to an additional 5 million people thrown out of work. + +> Another government metric, the urban registered jobless rate, is published quarterly and measures only the urban residents willing to file tedious reams of paperwork to register as being unemployed. This indicator has been stable at a rate of around 4 per cent for years, with few fluctuations over economic cycles. + +> Due to the lack of official data covering China’s entire workforce, economists and analysts have started to rely on private surveys, online job listings, anecdotal reports and even indicators such as subway rides in major cities to get a clearer view of the impact of the coronavirus outbreak on the unemployment situation in China. + +> Beijing’s challenge +is particularly severe given the lack of an adequate social safety net in China. + +> Unemployment benefits are small and reserved for only a few – a maximum of 2.5 million people claimed unemployment benefits in each quarter over the past decade, in a country of almost 1.4 billion. + +> “Rural migrant workers who lost their paid work are generally not included in government data,” Lu said. “Many of them may find it hard to maintain their previous living standards. Many migrant workers will have to go back to their farmland to support a basic lifestyle.” + +TL;DR: China is under reporting unemployment data and unemployed people don't really have a social safety net. +Dear apes and apettes, + +after all this time we've spent together we should know one thing for sure and that is the SHF's games of f\*ckery. Almost every effing time we got our tits so jacked we almost couldn't hide it anymore what came next was a f\*cking dip. So be prepared for f\*ckery even if you're as zen as I am. + +Remember: It's not a loss when you do not sell, dips are sales and the only thing you have to do is BUY&HODL (and maybe buy some more). + +Buckle up! + +I love all of you. +I have to believe it's all shorts, I just can't imagine anyone genuinely invested in the space is selling at this point, they have to be buying. + +The price just doesn't make sense. Even before the boom, we should of only retraced to around 180 once the normal people got out. + +What are you all doing? +**Website:** [https://esportsref.com](https://esportsref.com) + +**EsportsRef Viedeo Promo:** [https://www.youtube.com/watch?v=BNfZnDC-b8w](https://www.youtube.com/watch?v=BNfZnDC-b8w) + +**Whitepaper:** [https://esportsref.com/whitepaper/esportsref-whitepaper-2022.pdf](https://esportsref.com/whitepaper/esportsref-whitepaper-2022.pdf) + +**Twitter:** [https://twitter.com/esr\_dapp](https://twitter.com/esr_dapp) + +**Github:** [https://github.com/esrdapp](https://github.com/esrdapp) + +**Telegram:** [https://t.me/esr\_marketing](https://t.me/esr_marketing) + +**ESR/USDT token listing starts Friday 28th Jan on** [**XT.com**](https://XT.com) + +Compete against friends or strangers for crypto on ANY game on ANY platform, providing the game can be streamed to Twitch, Facebook Gaming or YouTube gaming. + +We help match up like-minded gamers who want to play each other for crypto, and in order to do that completely fairly, we will be offering the services of our team of completely anonymous and completely neutral and unbiased Esports Referees who will watch you play your game via Twitch, YouTube Gaming, or Facebook Gaming live stream. Dispute the result? No problem.... simply raise a dispute and the payout will be suspended until the stream archive is reviewed by our team of experts, who have the power to override the referees decision if necessary. + +Perhaps you prefer to watch others play? Esports and game viewing figures are increasing year-on-year, so why not earn crypto whilst doing something you'd be happy to do for free? EsportsRef team referees earn a fee for each game they mediate, with an opportunity to level-up over time to a senior, all-star, or even legendary referee, with additional bonuses! + +Esports players and casual gamers can either compete for ESR tokens, or alternatively xDai stable coin. When players are ready to play, they each deposit an equal sum of ESR/xDai into a secure “smart contract” stored on the Gnosis blockchain. You can think of this smart contract as a type of escrow wallet, that has some very smart capabilities built into it. + +Once both players have stored their ESR/xDai into the smart contract, Esportsref will appoint a referee who loves watching others play games online! + +The referee will already be online and available, and will be immediately notified via email and instant message of a pending game which they have been asked to referee! + +Players compete online and stream to Twitch, Facebook Gaming or YouTube gaming, and the referee will award a winner, you will receive their crypto directly to their wallet. In the even of any dispute, bother players/teams can request that the result is disputed. + +Possible outcomes of dispute: + +1. The team agrees with the dispute raised, and overrides the decision made by the referee and the crypto is released to the correct winner. The referee will either be warned, or in some instances banned from the platform. + +2. The team disagrees with the dispute raised, and the original winner is awarded their crypto. The player who raised the dispute will be warned, or in some instances banned from the platform. + +Be part of the GameFi revolution of 2022! +I convinced a friend of mine to invest in GME last august. I thought the august run would be the last and didn’t want him to miss out. + +He doesn’t know anything other than his “GME shares could pay off his house within the next year.” + +That’s how I pitched it. + +Yesterday we were hanging out and he was bitching about GME being down 50% and that he won’t take investing advice from me anymore. + +Being how convicted I am. I wasn’t in the mood to hear it so I said: + +“Then sell it….” + +Know what he said? + +“Fuck no. I’m not letting you get rich without me.” + +He doesn’t know ANYTHING about GME. He doesn’t know about FTDs, swaps, baskets. He doesn’t even know what a market maker is. If you asked him about citadel he would say “what’s that?” + +Here is my point. The fear of missing out on life changing money is greater than the fear of losing whatever sum we have invested. + +They could take this shit down as far as they like. They could write any FUD headline they could think of. + +#We can’t sell our shares. + +Psychologically, from the wisest of apes to the people who just kinda heard about this and decided why not? + +We literally can’t bring ourselves to hit sell. I would almost say it’s impossible. + +If I was a shorting hedge fund or bank, I would be sick to my stomach. Because I would be totally fucked. +It’s weird cause I genuinely believe this whole stock market thing doesn’t affect me at all, but ever since I started I’ve been having random panic attacks in the middle of malls and at work and shit. Is this just retardation setting in or something more? I think the fact that I’m seeking therapy on a fucking stock-market- gambling subreddit indicates yes, but just wanted to make sure. +DISCLAIMER: This post is NOT Financial Advice! + +This is actual DD of just statistical, cold hard facts. My previous post got removed by the compromised mods of r/wallstreetbets + + +[I have access to Bloomberg Terminal with up to date data as of February 5 on institutional holdings. Institutions currently hold 177% of the float!](https://i.redd.it/c44cmb67mtf61.png) + + +[How is this even possible to own more than 100% of the float?](https://www.investopedia.com/ask/answers/07/institutional_holdings.asp) Here's an example of one of the most likely causes of distorted institutional holdings percentages. Let's assume Company XYZ has 20 million shares outstanding and Institution A owns all 20 million. In a shorting transaction, institution B borrows five million of these shares from Institution A, then sells them to Institution C. If both A and C claim ownership of the shares shorted by B, the institutional ownership of Company XYZ could be reported as 25 million shares (20 + 5)—or 125% (25 ÷ 20). In this case, institutional holdings may be incorrectly reported as more than 100%. + + +In cases where reported institutional ownership exceeds 100%, actual institutional ownership would need to already be very high. While somewhat imprecise, arriving at this conclusion helps investors to determine the degree of the potential impact that institutional purchases and sales could have on a company's stock overall. + + +I have plausible evidence that leads me to believe there are still shorts who have not covered, and there are also shorts who entered greedily at prices that could still trigger a short squeeze event as this knife has been falling. [~1 million shares of GME were borrowed this Friday at 10 am, and a short attack occured that dropped GME from $95 to $70 over the course of 15 minutes.](https://i.redd.it/97j13bxy4pf61.jpg) + + +[This is my source for live borrowed shares data that you can watch during market hours.](https://iborrowdesk.com/report/GME) + +So we still meet the first requirement for a short squeeze to even be possible, there ARE a lot of short positions taken in GME still. The ultimate question is will there be enough demand to drown the supply? Or are we going to let the wolf in sheep's clothing aka Citadel who we know is behind not only these short positions bailing them out and purchasing puts themselves (data from 9/30/20) , but behind many brokerages who ultimately manipulated the supply demand chain by removing buying...are we really going to just let this happen? What they did last Thursday was straight up criminal. + + +Institutions move the markets more than retailers unfortunately, especially when order flows go directly through Citadel. [But it is very interesting the amount of OTM calls weeks out compared to puts. This is options expiring 3/12/21, and all the earlier expiration dates are also heavy in OTM calls.](https://i.imgur.com/mv0bo4Y.png) Max pain theory states it is in the market maker's best interest (those who write options aka theta gang) for price to gravitate towards max pain, as the strike price with the most open contracts including puts and calls would cause financial losses for the largest number of option holders at expiration. + + +With this heavy volume abundant in OTM calls, a gamma squeeze can occur if we can get the market makers to hedge against their options. [Look what triggered the explosive movement as price blasted past the max pain strike last week, I believe this caused many bears to have to take a long position as a way to hedge against their losses.](https://i.imgur.com/NHZg0O6.png) And right now, we are very close and gravitating towards max pain strike. If there is a catalyst/company event that can cause demand to increase, I believe GME is not dead for all the aforementioned reasons above. Thank you for taking your time to read my DD, my original post on wsb was removed by the mods. +Full article from CNBC [here](https://www.cnbc.com/2022/09/23/british-pound-plunges-to-fresh-37-year-low-of-1point10-.html) + +Sterling dipped as low as $1.1032 at 12:00 p.m. London time, around an hour after the measures were unveiled in the House of Commons. + +The pound has been on a precipitous fall against the greenback this year, hitting levels this month not seen since 1985. + +Friday’s measures were billed by the government as heralding a new era for the U.K. focused on growth, and included a mix of tax cuts and investment incentives for businesses. + + +Cuts include reduced taxes on property purchases effective immediately, a reversal of the 1.25% National Insurance hike, and a 1% decrease in basic income tax. The highest level of income tax effective at £150k or more (45%) is now completely scrapped. + +So what's the play here for UK investors? Just dump into US equities? I recently rejigged my pension around to accommodate for a declining UK market and seems like that might have been the right move. I'm now about 60% in US and 10% UK, 30% rest of the world. +I have no debt personally but my mom’s mortgage (200k) and a tiny bit on some cars. I also inherited a residual income of 40k a year. What’s the best way to invest this money? + +Currently I have 22k in one retirement fund, and also 3k in a traditional IRA, I’m thinking I should open a Roth IRA next? I also have $833 in an HSA that I was planning on using for lasik eye surgery. I make around 55k. + +I have 25k in a regular Wells Fargo savings. SO has around 8k and he makes 45k a year, also has no debt. We have kind of (very) long term but extreme life goals (international travel, engagement ring, wedding, new construction house). We are 1 and 2 years out of college and only have a year of experience in our jobs, and minimal life experience. Especially in managing finances. Our expenses are our rent and utilities about $1600 split between us 2, we don’t have car payments or pay car insurance. + +What is some general advice on how to invest? I don’t know where to begin. My main goal is to make sure my mom has a healthy emergency fund, and to make sure we don’t spend more than a return. +I made $3.05 in dividends today!! This was in two ETFs and I have others that pay out different times of the month. I started managing my portfolio a few months ago and just excited about the little wins! + +Any advice to a newbie, early 20s, looking for long term investments? + +Thanks in advance for caring or any advice😂 +The way it happened wasn't entirely pretty. My living situation at the beginning of covid got really bad (the landlord had always tended to show up unannounced, but during lockdown they also moved a stranger in without any prior notice, and ignored multiple reports from my unit and others that there's pervasive black mold throughout the building), and I had to move while also doing a buyout with the old place since my cosigner didnt want me to go the lawsuit route. During that I paused my debt consolidation loan payments to allow me to juggle my rent and my buyout installments, and i lost the settlements the company had negotiated for me. + +The first month after my buyout ended (July), I became eligible to work overtime at work. I got 40 total hours of OT during that month. + +I made $600 more than usual, but pretended I didnt. Since I'd already lost my debt consolidation settlements I skipped one more payment, just to put that money straight in the bank, just as an insurance policy to avoid pursuing more debt if there's an emergency. That payment would have been $400. + +I know skipping more payments than I had to wasn't the most ideal way to do things, but it's a huge mental weight off of my shoulders to know that if something happens next month I'll be prepared for once. +About a month ago I made the decision to stop pair jumping and narrowed my focus on 3 pairs - AJ, CJ, & NU. Suffice to say for the the first time since I started learning to trade 6 months ago I had my first consistently profitable trading month and even passed the FTMO demo trial 2 times in a row. This may not sound like a big deal to all of the millionaire Reddit traders out there but this is major for me. + +When I first decided to narrow my focus I wanted to watch all 3 pairs but eventually I only focused on 2 pairs, NU & AJ. Granted these pairs have been trending pretty +well lately the main take away for me was focusing on a smaller number of pairs forced me to be patient and wait for my optimal set up. Not only did I become more patient I got to know the pairs very well and discovered their nuances and even incorporated those details into my trading plan. + +A month of trading is in no way a large enough sample size to say my trading plan works or not but my trading psychology greatly improved because of this. I realized that by clicking through 8 - 10 pairs at a time I was literally just gambling and chasing trades instead of letting them come to me. Trading forex really does reveal your mental inadequacies, I was impulsive and honestly started to develop somewhat of an addiction. + +All of this to say, it’s important to find what works for your personality. There’s no guru or course out there that’s going to give you your edge, forex is a beautiful sport if you’re motivated willing to put in the effort and develop yourself. +My father died a year or so ago. He had lived with me and my wife for nearly 10 years. He was a lifetime smoker who spent the last years of his life paying for it. He had been using oxygen equipment from a medical supply company for a number of years, but cancelled his service \[about 6 months before his death\] when he thought he had found a better/different solution to his portable oxygen needs. At that point he asked them to come pick up their equipment (tanks and a home concentrator unit). After multiple calls got no action from them, we ended up stashing the equipment away. He was happy with his new gear, but his time was up anyway and he passed a few months later. + +8 months after his death, the supply company started sending him bills for services which were dated after his death, and well after he cancelled those services. Since he lived with us, I know for a fact that no services were rendered. After multiple calls I finally got them to come pick up the gear that we had, and I figured that that was it. Alas, no! Now they've passed this debt on to a collection agency, and I'm getting a little bit fed up. I'm not terribly knowledgeable in these matters, but there must be a route for me to dispute this. This is more a matter of principle for me at this point - I believe this company was just fishing for a few extra dollars, and I am not at all happy about giving money to people like that. + +Can anyone offer some relatively simple advice? Even if it's just a direction to investigate. +If you are new to crypto, these times can be scary. It's uneasy for all of us. + +But it's at these times gains are made. Not by trading (for some, sure) but by studying and planning your strategy. Now it's time for you to do your research on which coins you believe in and align your bags accordingly. + +**It's true what they say, "Time in the market, beats timing the market"**. So don't over-leverage, don't sell high or on the way down, and stick to projects/coins you believe in. If you believe in crypto, your goal is to still be in this game years down the road. + +And it's way more profitable than jumping ship from coin to coin depending on what's pumping. Plus you will learn a lot along the way. + +Once you've aligned your bags accordingly, all you need to do is to lay in a coma, trust your intuition and try to keep yourself from refreshing prices 24/7. + +This part is difficult for all of us to do, but it's important. Doing this is a lot easier if you have hobbies or things you're passionate about outside crypto. So try to pick up a new hobby or do something that keeps you from looking at charts every 5 minutes and FOMO into any shitcoin that's pumping this day. + +Best of luck to all of you. +Hi there, + +I am looking for a good free book that provides practical advice on how to invest in real estate in India, given the poor land rights system and the problems of land grabbing and corruption, a weak judicial system and such. + +I am referring to buying, developing/maintaining, selling of property. I am excluding REITs from the definition. + +Can anyone suggest such a book? Also, if possible can someone link such a book? +If you had to place a $ on WFH, what would you say? + +So suppose (hypothetically) you had a job offer for $120K (not WFH) and one for $95K WFH, which would you choose? + +It's not as simple as calculating public transport / car costs, because the time factor has to be considered as well, and for everyone this tends to vary. The ability to look after the kids, do shopping, get a morning workout or go out for dinner is something that you might be able to get with WFH. + +Also, for certain people who hate working with others, the ability to be more autonomous, less micromanagement (depends on workplace), more freedom, more privacy and comfort, getting lunches is something that is relevant. +I got married about a year and a half ago and we're looking to start expanding our family. That's led us to really take stock of our finances and try to get everything in order. We have our budget fairly well under control (thanks in large part to this subreddit), but there's the one REALLY big thing that I've sort of just stayed away from. The ~$700k sitting in an investment account that's all in just one stock. + +My wife's grandfather had the foresight to give her something like $10k worth of stock when she was born, and apparently picked a good one. It's performed well in the past and from all indications the company and the industry it's in will continue doing well in the future. And that's great, but everything inside of me is screaming to DIVERSIFY RIGHT NOW. My wife sees the problem, but we really don't know how to go about tackling the issue. + +Her grandfather always said that the money was to be used for school or for starting her own business. We're both in our late twenties and don't expect to be going back to school, and we're not likely to start our own businesses, so we've decided not to touch the money, but rather honor her grandfather's wishes and use it for our future kids' college funds. Which is really neat because her grandfather will have paid for his great grandkids' college educations 30+ years before they were born. + +Anyway, that's all to say that this is to be a long-term investment which we won't need to touch for approximately 20 years. + +My wife wants to talk to a financial adviser, and I agree, but I don't feel comfortable trusting some random stranger not to take advantage of us in some way when we're talking about that kind of money. + +tldr; we have 700k in just one stock. What do we do? + +EDIT: Thank you so much for all of the responses! The feedback from you all has been incredible and my wife and I have a lot more research to do, but this has been insanely helpful and will get us started off on the right foot. I can't thank you all enough. + I had to repost this because I couldn't respond to comments for some reason and this wasn't an issue with reddit, please feel free to ask whatever is on your mind! + + +&#x200B; + +Hi! I know not a lot of people sell futures options neutrally so here are my results for 2021 and hopefully it helps someone out: + +At the end of this post I will add my strategy in detail. + +I started this year with $94,839.89 and ended up with $184,541.5 + +This is a positive P&L of +$89,701.61 or +94.58% on the year, here are some numbers: + +Total closed trades: 145 + +Total wins: 131 = +$136,638.502 of profit + +Total losses: 14 = -$46,936.892 + +Expected win rate: 86.89% + +Actual win rate: 90.34% + +Avg trade duration: 17 days + +Avg DTE when opened position: 55 DTE + +Avg win: +$1,043.042 + +Avg loss: -$3,352.635 + +Avg win/loss ratio: 1:3.214 + +&#x200B; + +Stats per product I traded: + +https://preview.redd.it/plc0mmg6x5b81.png?width=2470&format=png&auto=webp&s=27968e4fb3642a8f0b46c798dfc286b0d5aca73b + +&#x200B; + +NOTE: the ES trades were all 1 DTE trades, I wanted to try it out and it did not work out too well for me! All the other trades were using the exact same strategy which I added below. + +The top 5 products in the photo are the best performing ones for me and have been over the past few years, I have tried to optimize NG and CL and the results actually got better in 2021 but still pretty bad in my opinion. + +My plan for 2022: + +&#x200B; + +1. Stick to the top 5 products only (GC, SB, ZC, ZB, RTY) +2. No energy products! (NG, CL) +3. Increase my risk per position to 7-8% from 5-6% + +Took me a while to crunch that data but I hope it is useful to you the same way it is to me! + +Thank you for reading! + +My strategy in a nutshell(updated): + +\- I ONLY sell futures options (no stock options and no buying) + +\- I sell strangles and iron condors outside the expected move (usually works out to be delta 16 on each side, not always) meaning I am always delta neutral in my assumption and expect the product to trade within the expected move range. + +\- I always have at least 4-5 small positions open at all times + +\- Each position is from a different major sector in the futures market (Futures Major sectors: agriculture, metals, indices, currency, bonds, product & produce, energy) + +\- Because each position belongs to a different sector they have little to no correlation to one another, when one position is losing badly it doesn't affect the others + +\- I sell with at least 45 DTE, no less! + +\- I take profits at 50% of credit and take a loss at 150% of credit (Risk $3 to make $1 but depending on the position, can be a better ratio) + +\- If none of my targets are hit by 30 DTE, I will look at the position and might close the position to avoid gamma risk + +\- I avoid adjusting my positions and let them play out + +\- If I lose on a position it is because of an outlier move, after a loss I will wait for IV on that specific product to drop and normalize before I open a new position on it + +\- If I win on a position, I reopen a new one on the same product right away. + +\- I do zero technical analysis. + +\- I mainly try to avoid high IV products. + +\- I use up to 60%-70% of my buying power at once + +\- I make sure I can lose up to 7-8% of my total account value on a single position, no more! + +\- I currently trade 5 products in total mostly: ZB, ZC, RTY, GC, SB (all futures options) + + +Thank you! +Eli Buyko +Having seen eight coaches come and go in less than 10 years, Manchester United fans know their false dawns. Wednesday shed a different light on strife at the giant football club: Elon Musk said he was buying it - and then said it was all a joke. + +Musk, the world's richest person, said early on Wednesday that he hadn't been serious when he tweeted hours previously that he was going to buy Manchester United Plc (MANU.N), now languishing at the foot of the English Premier League as fed-up fans urge current owners, the American Glazer family to sell up. + +"No, this is a long-running joke on Twitter. I'm not buying any sports teams," Musk posted when asked by a user if he was serious about buying the club when he had posted, "I'm buying Manchester United ur (sic) welcome." + +"Although, if it were any team, it would be Man U," he added, rubbing salt into the wound for some: "They were my fav (sic) team as a kid." + +Source: [https://www.reuters.com/business/elon-musk-says-he-will-buy-manchester-united-2022-08-17](https://www.reuters.com/business/elon-musk-says-he-will-buy-manchester-united-2022-08-17/) + +https://preview.redd.it/nyh2fwjqk9i91.png?width=601&format=png&auto=webp&s=ca2526ba2717b6b35ebb8ca43cf5123a7a0cb63c + +https://preview.redd.it/1ql3eufrk9i91.png?width=599&format=png&auto=webp&s=a65bedbed1e1c1cb2de4e3a9a448d4fc982d0543 + +https://preview.redd.it/msatd6ksk9i91.png?width=1200&format=png&auto=webp&s=52f1e3dec82cad9479579d0c13725d0305b15541 + +[--------------------------------------------------------------------](https://preview.redd.it/n91q15itk9i91.png?width=1028&format=png&auto=webp&s=24484afd18a6e5eea8379d1ef4640bcb9ff62e69) + + Elon Musk jokingly said he was buying Manchester United (MANU) yesterday. Two days ago, someone bought MANU for 450k in $14 calls, a 3500% increase in volume and x100+ of its monthly volume in one day. Do you think that was just coincidental or was it a planned joke? +I am thinking about cutting down to a 4 day work week and wondered if anyone had done this and had any advice or suggestions? + +The reason I want to do this is I am finding less enjoyment in work and rather than quit and look for another job I wanted to give this a try to see if the better ballance of work and life improved things. I also feel like I fell into this job and any new job would be at a lower starting salary (I suffer from impostor syndrome at work and have low confidence a lot of the time even with regular high performance reviews). + +Current job is 5 days a week, I earn about £41k with a small yearly bonus that's not guaranteed. I spend my week waiting for the weekend and my Sundays dreading the next weeks work. I work from home for a large telecoms company and feel stuck to my desk 9-5 all week. I spend 2/3 of my weeks in meetings (teams) and the rest trying to catchup and plan. + +I am 44, have 2 kids, will be mortgage free in under 10 years even with the cut in wages I think it's still 10 years. + +I have a small S&S isa with about 3k that I started last year and drop feed into. I have about 4k worth of shares in my company bought on salary sacrifice that I also buy £75 a month of that I would stop and hold for a few years. If the share price rises I would cash in and move to my isa but they make me about £350 a year in dividends. + +I contribute 13.5% with an employer 11% to my pension (24.5%). It's got about 200k in it and I expect it will be about 500k when I retire even on the lower wage. + +My main outgoing is on my bikes to maintain them and beer. I definitely drink to much and need to also address this. + +I was planning on asking for a 4 day week Mon to Thur because most work happens then and Friday afternoon I usually feel exhausted and least productive. + +I have read about taking Wednesday off to always have a 2 day maximum but I suspect the Friday will suite me and my company better. + +I know I have the right to ask and the company could refuse but there are a few already in my team who work 4 day weeks. + +Sorry if there is a better Sub to put this on but I wanted to see what people's views were on this. + +I would mostly use the extra time to cycle some more miles, meet friends for lunch (I have a group of friends who are older and don't work) , be able to unwind from Thursday. Collect my kids from school and spend some time walking etc. A chance to do some household things to give more fredome at the weekend. + +I reckon I would go from £2200 down to £1900 take home. +I bought a bunch of T when it was around $30 planning to hold it long term for my dividend portfolio. Two quarters later, they then sold all their media holdings and stock tanked to $28 and they will probably stop paying out so much in dividends from what I heard. Should I sell now and cut my losses? Or do I hold, hoping for a rebound and that they will keep high divvies? Any advice appreciated. +My wife and I are in our early/mid twenties. We have saved a little more than a third of our income over the past two years so we had several thousand dollars in an emergency fund plus extra savings. The amount isn't really relevant - the point is that we had no plans to use it. + +At the end of 2016 we were both in great health, and being young we decided to go with my employer's HDH plan with an HSA. Last weekend we blew through the deductible on my wife and we will likely hit the out of pocket maximum before the month is over. This health issue came out of nowhere and we're very fortunate to have good insurance. + +But because we have extra savings, we don't have to make medical decisions based on cost. We can pay the full annual out of pocket maximum and we won't really miss it. If a doctor thinks a test is necessary we can simply authorize it without worrying about how we will pay for it. It has been stressful but I can't imagine how much more stressful it would be if we had to go into medical debt to pay for it all. + +We could have eaten out more last year. My wife could drive a nicer car. We could live in a bigger apartment or house. But I wouldn't trade the freedom of having the extra savings for any of that. + +This came out of nowhere and was frankly highly unlikely. It could happen to anyone. And we were easily able to pay for it. An emergency fund is psychologically, emotionally, physically, and financially is the most important improvement to your quality of life that you can "buy." in my opinion anyway. + +Edit: Thanks to all for your well wishes and support. To those who took this as a criticism of spending, please know that this was not my intention. My wife and I are not ultra frugal - we simply prioritize our spending where we think it will have the greatest impact on our lives. In my view, an emergency fund is just another thing you "buy." I feel that, of all the things anyone could buy, it is the one that will have the greatest impact on your quality of life. +They are going to try EVERYTHING they can to shake us. Especially trying to take down our heroes. They would love to split us apart and break our confidence by making it look like DFV sold. We know that is a lie. So do not fall for it + +Edit #1 -- I did not link the shill post because I did not want to give it visibility but since some are saying I am a shill here is the link [https://www.reddit.com/r/Superstonk/comments/mts607/tomorrow\_prediction/](https://www.reddit.com/r/Superstonk/comments/mts607/tomorrow_prediction/) +Article (one of many): https://www.bloomberg.com/news/articles/2022-08-26/3m-cannot-use-bankruptcy-to-halt-230-000-lawsuits-judge-rules + +(Snippets) “3M Co. lost its fight to block jury trials in more than 230,000 lawsuits accusing it of harming US soldiers. The company’s shares fell the most in more than three years after the ruling. + +Lawyers for the soldiers have demanded the right to continue taking their cases to trial. The ruling means 3M now faces the prospect of jury verdicts from around the country, with one expert hired by the soldiers’ law firms estimating the company could face more than $100 billion in damages from the claims.” + +… + +Damn … I may just sell out at a 20% loss and accept I made a bad call buying this one. It hurts a lot and I try to never sell anything but this company is hurting bad and I don’t think it was trending upwards even before recent trouble. + +Maybe I should pull out what’s left of my investment and divert it to the relative safe sanctuary of a dividend ETF. + +Much sadness. +I am 63 and have suffered from Parkinson's disease for more than 20 years, 10 of those years I have been off work. My company pays into a pension fund and I am also payed a reduced salary via permanent health insurance, financially I consider myself lucky. All payments will stop late next year when I retire at 65. Marriage has not been happy and I want out, I just want to leave and cause as few ripples as possible. This would involve assigning my share of our house, and all my pension fund, to my wife. Ideally, I wish to move into a one-bedroom caravan near a bus stop - I can no longer drive because my medication makes me drowsy. I would only live on my PIP (which is quite high) and state pension. I am quite cheap to run and am confident I can live on that sort of money as long as I have a roof over my head. I will be happier. Apart from being poorer, would such financial decisions come back to bite me? +Yes this rule did get delayed until June 21st (https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2021-002) BUT this does not mean that the MOASS will not happen until then. + +Volume is so low right now that any even slightly bullish announcement from GameStop could ignite this thing. Possible announcements/catalysts from GameStop; CEO announcement, more votes than float, merger, acquisition, crypto dividend just to name a few. + +My opinion is that Cohen was waiting to see if they would approve these rules before the shareholder meeting but since 002 was pushed back until June 21st he may take matters into his own hands. Remember, GameStop specifically stated in their SEC filings that a short squeeze is very likely to happen due to excessive short selling and if this does happen GameStop is not at fault. Cohen is the man with a plan. + +Do not let this delay worry you at all. It would help the moass start but is not necessary. + +Edit: Many comments are saying it is delayed until June 21st at the latest but can be accepted before then. +Just sold my biz and put 8 figures in the market (75%/25% stock/bond simple etf funds). Still working for the biz for next 2 years as consultant but plan to be out soon. + +I don’t need any of the money right now I’m concerned about a possible market drop based upon all the fear mongering I read on Reddit. Do I really have any choices though? Pull it all out? Leave as is and ride it out? How would you limit risk in this type of situation +So this is sort of a relationship question as well as a money question... + +I'm currently 30, with a NW of around ~3M and a steady income over 200k-500k (depending on stock), not too much expenses (<5k a month including rent). My mom is 65 with a NW of around 100k, not currently working, basically no income except I believe some unemployment benefits? + +So, it's inevitable that I'm going to end up needing to support her financially, probably in the not super distant future. + +I'm generally OK with this, but my question is, for people who support their parents financially, how do you handle it? Do you think it's ok to set rules on how the money is spent? For example, my mom currently leases a Lexus, which to me seems absolutely insane for someone with no income. I'd like to set a ground rule that I will not support her financially while she's leasing a luxury car...because I need this money to stretch. I'm also starting my own family soon and don't want a massive dependent. + +So anyways, long way of saying, how do you all handle situations like this? +Keep hearing we have an inventory shortage. Trying to understand how/why and why we saw a 37% increase in prices in 2 years. + +Also on the demand side. Where was the demand prior to the pandemic? + +We did not have a wildfire that wiped out millions of homes. We didn't have millions of people to decide to just buy, just because. + +I have my thoughts on this, but I'd like to know yours. + +*Little edit*: Just for background. I'm a landlord and homeowner in the south, have a duplex, fourplex, 2 SFH and a primary residence bought 3 months ago. Not much, but we're still getting started. I'm not biased one way or the other. I'm just trying to make sense of what happens next. + +I also can't help but to think a lot of the demand is 'shadow' demand brought by low interest rates and stimulus money. The interest rate is increasing - The feds #1 goal imo is to curb inflation. The free money is running out (stocks, 401ks, crypto, layoffs starting). So I can see the demand decreasing big time to pre pandemic levels. + +The supply imo was already low before covid but the Fed shows about 450k new one family homes for sale right now, the highest number in the last 10 years. Also showing 8.3 months supply of houses for sale. The highest amount in the last 10 years. + +Very odd situation. The more I think about it, the less sense it makes. I'm trying to prove to myself that prices aren't going to drop essentially, but I come up with a lot of counter arguments* +Don't be doxxing citron or anyone else. That's bad ju-ju and the Tendieman won't come to visit you if you do. + +[Soon may the Tendieman come](https://www.reddit.com/r/wallstreetbets/comments/l0dfrp/the_tendieman_lyrics_and_video_by_uquigonshin/) +Where are all the normal people? + +Everyone here seems to be earning crazy money or getting huge lump sums of cash from somewhere, where are the rest of us who'll never earn more than mid 30s at best and having four digit savings (if any) by thirty? +**Question:** How many of the upcoming July 16 options expiring this Friday are worthless deep OTM puts used to kick cans down the road? + +**Answer:** At least **302k options**, capable of hiding up to **30.2M shares** are coming due this Friday, July 16th. + +Let's walk through the analysis and show off some Google Sheets spreadsheet magic. + +In order to answer the question, we need to (a) determine that an option opened up is worthless, which means we also need to know (b) when options were opened to know the *delta* for those options. + +**Why** ***delta?*** Delta is an option greek that represents the change in price of an option based on a change in price of the underlying stock. ([Grow a wrinkle here](https://www.investopedia.com/terms/g/greeks.asp).) If delta is close to 1, that means when the underlying price of GME moves by $1 then the price of the option moves by about $1. On the other end of the spectrum, if delta is close to 0, then that means when the underlying price of GME moves by $1, the price of the option doesn't move. If the option price isn't moving with the stock, it's probably not very valuable. + +**Delta <= 0.01.** I'm setting the threshold criteria for |delta| <= 0.01 to determine an option is worthless. Basically, if the price of GME moves by $1, the option price moves by less than a penny (if at all). As there's no reasonable reason to trade these near-zero delta options, it stands to reason that all of them are being used for nefarious can kicking purposes. (FWIW, using bigger values of delta didn't really add too much to the count so I'm running with the penny threshold. You can see the other delta calculations in my Google Sheet.) + +Making use of my trusty $21 data set for all of GME option history for 2021 up to June 30, I filtered out all of the puts expiring July 16th. (Why puts? Because SuperStonk has been discussing using *married puts* to hide short interest or straight up naked short shares. For more background, see my previous post: [Peek-a-boo! I see 103M hidden shorts! (Part Deux)](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/).) + +Loaded those July 16th puts into Google Sheets [here](https://docs.google.com/spreadsheets/d/12U7I2bMKZ3nYchNsCZGsl8fYlj8PhMVAvFYhXiWjWYQ/edit#gid=2112568586) and then worked some Sheets magic. Basically, I calculated the daily change in each option's Open Interest for all of the puts expiring this Friday, July 16th. Then, by adding up the change in Open Interest each day for options that have a |delta| <= 0.01, we find **302,464 Worthless Put Options** were opened up in 2021 up to June 30th. The really neat bit is we can see exactly which days those worthless puts were opened. Here's a chart: + +[Daily Open Interest Change for Worthless \(delta \< 0.01\) July 16 Puts](https://preview.redd.it/ujgxmw2gvna71.png?width=4242&format=png&auto=webp&s=f6669b9c1d4b01a9357d4ef4b14f17194cc84926) + +Notice an interesting date there? Jan 28 there's a gigantic spike. We also see spikes near other major options expirations in March and June. (See my other post [Peek-A-Boo! I Track You Kicked Cans!](https://www.reddit.com/r/Superstonk/comments/of1zn4/peekaboo_i_track_you_kicked_cans/) if you want to follow up on those.) + +**tl;dr:** This chart shows *exactly* when SHFs were opening up worthless July 16th Puts that line up with the original GME squeeze in January. SHFs have been kicking these cans down the road ever since and *at least* 302k married puts are coming due this Friday, July 16th. Those 302k puts are equivalent to **30.2M shares,** which is a pretty big deal as that is more than the free tradable float coming due. Also, considering this is *just one approach* Kenny's been using to kick cans down the road, we're looking at interesting times coming with a few possible catalysts happening soon. + +One last thing: keep in mind this analysis finds *at least* 30.2M shares from these 302k married puts that are worthless. u/NatesAnApe posted a few days ago in [This should be all the confirmation bias you need to set your phone down and relax on this fine Wednesday afternoon. HODL tight apes ����🤲🏼🚀](https://www.reddit.com/r/Superstonk/comments/ofmqeo/this_should_be_all_the_confirmation_bias_you_need/) that up to 42.9M shares may be coming due (if you assume *all* 429k expiring OTM options are hiding shares to get an upper bound). + +EDITS: + +\- Fix typo. credit u/Sufficient-Bowler741 & u/Froggy__2 +It was suggested in the r/homeimprovement forum that I share my post here.  + + +I provided the links to repository lists in PA in the post (more specifically a link to a Google doc with the links).  + + +Some other tips I'll add for cheap homes and living: + + +Freddie Mac and Fannie Mae sells foreclosure. You can view their inventory at homesteps.com and homepath.com. they have houses all over the country. Cheapest one I've seen is $1,000.  + + +Another hack: TrueDream Properties finances parcels of land (mostly out west). I have NOT bought land from them BUT they have a lot of positive reviews.  + + +Typically the land costs $99/month. Some of it is off grid as well.  + + +Once you own the land you can get a cheap camper or RV and stack money to build a home when the land is paid off. I've found decent campers listed for under $1,000 where I'm at. This is a great option for individuals or couples especially.  + + +Also: people give away free mobile homes. If you know how to move them cheap and can get a small piece of land cheap, you got yourself a property.  + + +There are trailer courts that will move your trailer for free but you have to pay lot rent.  + + +Every state has some type of tax sale. I am familiar with Pennsylvania.  + + +If you're in a different state, call your tax bureau and ask about their process.  + +Here's my original post with updates: + +So I bought my house and garage for $705.25 in August (my state has repository lists and all properties are $705.25 and mobile homes without land are about $400). I was not allowed inside the property before buying it, and it was "AS IS," but I was able to find out utilities were on within the past year before buying it. The garage is detached. + + +The homeowner died in 2016 and the house was unoccupied and packed to the brim with stuff. + +Cleaning it out has been overwhelming albeit interesting. The house was so packed that it needed cleaned out just to walk through all of the rooms. + +I haven't paid anyone to do work. My income is currently below the poverty line, so this hasn't been just a rut and gut, but a rut and gut on a $250-$300 a month budget. + +I thought it'd be fun to share because it was done on a very small budget by only me. Maybe this can help inspire some other folks who, like me, meet the definition of being in poverty or are financially struggling and don't see themselves ever being able to own a home. The point is that, even though I have been working on this since August, progress is coming and I can finally see the light. I project it'll take another 30-60 days. + +Now I got SUPER LUCKY with this purchase. I didnt see the inside of the house or garage. The garage was packed with all kinds of tools, most of which worked. There was new gutters, soffit, and siding in the garage rafters. There is a ton of reclaimed wood in the garage and attic. + +This saved me a TON of money on materials AND tools. There is likely enough reclaimed wood to re-do most of the house's flooring. + +I also was blessed because the hot water tank AND furnace work and the ducting was recently completed by the previous owner. ALL of the appliances worked. There was a washer, dryer, fridge, stove, microwave and beer fridge. + +PLUMBING + +I was lucky because I had some of the plumbing stuff already. I did a few surveys for Amazon gift cards last summer and scored about $250 in gift cards. Amazon has great deals on fittings. + +Example: I paid $43 on Amazon for 10 fittings that would have cost over $100 at Home Depot. Amazon AND eBay also sell generic and brand name Sharkbites a lot cheaper than Home Depot (if you buy 10 packs, they're roughly 50% cheaper than Home Depot). + +Home Depot offers a bulk discount if you buy 10 or more CPVC/PVC pipes, meaning I could get 100 feet of 1/2" and 3/4" in PVC and CPVC for under $100. If I end up with extra, I can get store credit. + +&#x200B; + +LUMBER: + +Home Depot has a 70% off lumber rack. Sometimes the wood is great, other times it's shit. I cleaned out their discount pile one day. Ended up paying a little under $80 for 8 support beams and a bunch of 2x4s and other lumber that was perfect to re-do the floors. I have enough left over to reframe other areas of the house and add additional support beams in the basement, plus build an exterior door. + +TOOLS: + +Harbor Freight has been AWESOME. I get 20% and 25% off one item coupons weekly, plus coupons for free items. I split up the purchases to maximize savings, but they typically do that for customers without having to ask. I've ended up getting free tape measures, tarps, rags, and flashlights. Plus they have special coupons for tools (for ex: $20 for a saw) that are better than the 20% off coupon. I did need a reciprocating and circular saw, and got them at 25% off and a free taper measure and tarp. + +FLOORING: + +I was on [HomeDepot.com](https://HomeDepot.com) and noticed ceramic tile was $0.24/sq foot (retail was $0.82 I think). For whatever reason when I was in the store the same tile was on sale for $0.52/sq foot. I ordered 18 cases for $64 online and got 252 sq ft work of new tile. It was enough to do the kitchen and bathrooms. + +ELECTRICAL: + +I have 8 fixtures I bought brand new a year ago on [HomeDepot.com](https://HomeDepot.com) for $44 (final clearance).Outlets and single pole light switches are A LOT cheaper on eBay and Amazon than Home Depot.I'm not certain of the extent of the electrical work, but I know a few outlets and switches need replaced and 2 light fixtures need replaced. Electrical wire isn't cheaper online. + +&#x200B; + +What still needs done: + +Some electrical work (unsure of materials, but should be under $150) + +Flooring for several rooms (there's over 1,000 sq ft worth of old toungue and groove flooring in the garage and attic. I'm likely going to sand it down and install it, but I may want to do carpet in certain areas). + +Porch and front steps need redone.