diff --git "a/reddit_finance_43_250k_61.txt" "b/reddit_finance_43_250k_61.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_61.txt" @@ -0,0 +1,10000 @@ +When we consider highly developed economies, we think of countries with predominantly service and quaternary sector-oriented economies with a high degree of complexity and high value-add manufacturing as well e.g. aircraft manufacturing. These countries are, by and large, much more import-oriented and are net providers of FDI. + +This got me thinking, would it be theoretically possible to maintain an economy with virtually no domestic production or manufacturing, and rely purely on repatriating profits and capital gains from direct investment in foreign countries' economies? + +Immediately, the thought arises in my head that the relative currency valuations between other countries and the investor country would get so imbalanced, that it would be impractical to continuously import from other countries, as the home country's currency would be so devalued relative to others. That said though, if the majority of the country's revenues come from repatriating corporate share dividends and capital gains from foreign companies and currencies, recovering those back into the domestic currency would help balance out the forex valuations. Thoughts? Is this economic setup possible or is it just a crazy thought experiment? Thanks! +[https://www.brookings.edu/research/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/](https://www.brookings.edu/research/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/) + +According to this article form 2018, the US is the second largest manufacturing power. Germany, South Korea and Japan are also quite high. + +Germany, Switzerland, France, Japan, USA and South Korea have 11-20% of their workforce employed in manufacturing. + +Despite the potential for cheap labor abroad, why does the USA and Europe have such strong manufacturing sectors +This group tends to be full of stories of folk wanting to increase their salary/wealth/net worth. + +So here's something I hope you might find a bit refreshing. + +Lockdown and the pandemic gave me an opportunity to reevaluate what the hell i was doing with my life and I decided to retrain so that I could start over in the world of financial services. + +Just accepted an entry level position in London which is a 40% pay cut. + +I have a mortgage and a dog. I refused cash from my parents to help me. I've done the sums and can make the salary work for the first year by which time I should get a small bonus and a raise. + +This group is called Personal Finance...money is personal, and unique, to everybody. And for me right now, it's really just a tool while I try to further myself, not my salary. + +So if you're reading stories on here from high net worth individuals and comparing yourself, just do you. Cheesy, but true. Look beyond what money can do for you and focus on what you can do with your money. + +I've got a year of knowing exactly what money I have to spend on everything. And it's quite liberating knowing that it's just going to have to work. No buying crap I don't need. Making the most of simple things. No luxury holidays for the 'gram photos. Years ago, money was holding me back because I was chasing it, and chasing what others had. +So, the Federal Reserve targets a 2% inflation rate. It can also raise or lower interest rates by buying or selling bonds. Selling bonds takes money out of the economy, bond prices go down, and interest rates rise. On the other hand, buying bonds puts money into the economy, bond prices go up, and interest rates fall. If the amount of money in circulation is what determines inflation, then how can the Fed set inflation rates and interest rates? I think this would only be possible if the Fed's targeted interest rate always corresponded to a 2% inflation rate. Is that the case? +To quote [this](https://www.moneycontrol.com/news/business/markets/this-underperforming-sector-produces-nine-multibaggers-in-2021-what-should-you-do-7097721.html) article, 60 percent of stocks in S&P BSE FMCG index have hit 52-week highs in June. However, the increase in the index(~7% )is still less as compared to the benchmark index(~13%). India still has a low consumption per capita compared to its peers. Covid has also quickened adoption of technology. With Covid cases declining, is this sector a right place to invest in for medium to long term? Please share your thoughts. +I live in the DFW area in Texas, specifically Irving Tx. I’ve had this lot I’ve been wanting to build homes in. It’s three individual lots that roughly measure 60X105. The area is nice and there are big house near the neighborhood but they do have backyards. I’m not sure if I should stick around the 2000sqft home or go for 2800 sqft with a tiny backyard. Let me know if anyone had any experiences with tiny backyards and how the price affects it. +I’ve done well, 30k to 140k, and I refuse to fuck this up. + +My girlfriend has been working her ass off as a school teacher to pay down old credit cards. I asked her to look at her balance last night, took her phone, and paid the 12k off right there. we called the other one today and cleared that 7k. + +Goodbye student loan, credit card debt, and yeah even girlfriends credit card debt. + +I still have plenty to play with, and at least now if I go the way of the other retards, I’ll know I did something useful with the wins. + +Positions: Tech calls forever, and never be afraid to be the biggest 🌈 🐻 on that one red day a month to squeeze an extra 26k while everyone else bleeds. + + + +https://ibb.co/wWyBscx +https://ibb.co/xM6gYJz +https://ibb.co/r00B86j + +Pics - most recent webull run. +10k deposited 8/13, to 98k on 9/09, and cashing 50k out of on 9/11 +If / when you are unable to make your mortgage payments due to your personal or even your tennants loss of income, you can apply for up to 12 months forebearance. It will not affect your credit score. However, if you are looking to buy more property in the future, you should know that the lenders will want to get a verification of 12 months payment history. + + +https://www.yahoo.com/money/coronavirus-homeowners-delay-mortgage-payments-202251121.html +Hi legends, what clothes brands have you bought that have lasted a good amount of time while still looking good? + +Wanting to buy more quality stuff. At the moment I’ve almost got a subscription to $8 cotton Kmart t-shirts. Price is right, but they don’t last too long before starting to fade, etc. Seems wasteful – would much prefer paying for a longer lasting alternative. A few times I’ve bought so-called quality clothes only to find they’re seemingly not much better than Kmart. At least Kmart is honest with its prices. + +I can get the ball rolling. About 10 years ago I shelled out $200 or thereabouts for a white Henry Bucks business shirt. Have worn it and washed it countless times and it still looks pretty good. Definitely got my money’s worth. No idea if the quality there is still the same. +My girlfriend and I are homeless and have been staying in my car. Last night we got a cheap hotel and my car was stolen with most of our belongings. I have 98 cents to my name and I'm lost. I don't know what to do and I have to take care of us. We both have jobs but don't get paid until the 21st. Any advice helps. +I looked into share recalls and I can barely find any information on them. It means it is not a common occurrence. The only definition I found for it was when the lender recalls their shares. Feels like people are just parroting something they heard about hoping it will do something. We are the share recall. DRS is the share recall. We don't need anyone to do it for us. We're already doing it. + +I can appreciate peoples enthusiasm. The dividend is obviously a big problem for some brokers. We just need to let it play out. There isn't some magic button anyone can press to make this happen. Moass is always tomorrow until it isn't. + +I just want to mention as well. People keep talking about gamestop pulling their shares from the dtcc. I'd imagine that would be the nuclear option. The last option. And I feel like we aren't at that stage yet. I imagine gamestop would do everything possible to shake the shorts before ever attempting to pull shares from the DTCC. + +BUY HODL DRS +# [The Big Short’s Michael Burry Explains Why Index Funds Are Like Subprime CDOs](https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos) + +Every so often someone would post here some article or column about how the fact that "everyone is moving into index investing and how that would kill the market", as there would be no untapped value stocks and no opportunity for growth . There would be long discussions why this was or was not the case that would drag for days. Do you guys remember that? + +I think this whole Wall Streets Bets and Gamespot brouhaha kinda of settled this discussion, at least for the time being. It seems that the market is nowhere near being "overtaken" by Index Funds and passive investors, quite the contrary in fact. What do you guys think? +I have been a fan of this thread for a long time and I want to give back with some of the knowledge that I have procured in my career and life. As some background I have have experience trading Equities, Derivative products (predominately options), and futures. I have experience in employing ML algorithms towards the financial markets, writing and applying algorithmic trading strategies, and developing custom financial programs/GUIs. I have also written a complex algorithmic order management system that is actively employed at an institution and is used daily. +Here is the financial highlights of High Tides Q1 Earnings. + +First Quarter 2021 – Financial Highlights: + +Revenue increased by 179% to $38.3 million in the first quarter of 2021 compared to $13.7 million in the same quarter last year. The first quarter of 2021 financial results incorporate the acquisition of META Growth Corp. on November 18, 2020. + +Gross profit increased by 208% to $14.8 million in the first quarter of 2021 compared to $4.8 million in the same quarter last year. +Gross profit margin in the first quarter of 2021 was 39% compared to 35% in the same quarter last year. + +Adjusted EBITDA(1) for the first quarter of 2021 was $4.6 million compared to negative $0.8 million for same quarter last year. +Geographically in the first quarter of 2021, $34.2 million of revenue was earned in Canada, $3.9 million in the United States and $0.2 million internationally. + +Segment-wise in the first quarter of 2021, $36.8 million of revenue was generated by Retail, $1.5 million by Wholesale, and an immaterial amount by Corporate. + +Cash on hand as at January 31, 2021 totaled $16.6 million compared to $7.5 million as at October 31, 2020. The Company's cash balance has subsequently increased to approximately $33 million as of today. + +Everything looks really good for this company with the highest quarterly profit despite being a retail business in a pandemic. Hopefully we can see them expand more this year and up-list onto NASDAQ + +FULL ARTICLE: https://t.co/X6sfBJFG6z +And how has that impacted your (obese?) FI journey + +Similar examples of mine are: + +1: Found laundry services that pick up, deliver, and even press and starch your undies (for surprisingly reasonable rates). + +fatFIRE relevance: Time savings + +2: Started using a personal stylist/shopper a few years ago. We have 2 sessions a year. Costs about $200 each time and we select a few attires to buy. I’m (proudly) from a blue-collar background and it helps me fit comfortably into client meetings where the dress code is less Carhatt-chic. + +fatFIRE relevance: Professional growth (and client expectations) + +Edit: Can’t change title, but something you discovered later in your financial life is **very** welcome. +The law screams to me : "Since us politicians don't know stocks and investing work and we are scared, we better remove choice from Americans for their safety" + +https://www.finra.org/sites/default/files/NoticeDocument/p003881.pdf + +From Wikipedia: +>The SEC believes that people whose account equity is less than $25,000 may represent less-sophisticated traders, who may be less able to handle the losses that may be associated with day trades. + +Isn't that MY CHOICE to lose MY MONEY? I have no formal trading experience. I'm 41 years old and my money is very sacred to me because it keeps my family safe and happy. However the $1000 that I have saved up and put aside for trading could go to ZERO and I would still be able to pay all my bill and not need a government bailout from my losses. + +What are your thoughts? Do you feel that you have to protect me from my own money? +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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I love the positive vibe, and I think green candles ROCK, but, maybe even more than before, with the finish line in sight, we can't let anything slow us down or take us off course. Fight the urge to procrastinate. Fight the bystander effect. Register, and then register some more!! This is the way. 💎🙌🚀🦍🌕 + +Cone! Poo! Chair! 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +💎🤜🤛💎 +I live in Myanmar(Burma).So,cryptocurrency and most social media have been banned in my country for a long time including Reddit.I'm currently using a vpn.I don't trust the government one bit,so,I decided to put my money into crypto most of it in CEXs on my mobile because I can't afford the gas fees to transfer and to buy hardware wallets at the moment as I'm saving money to flee the country. + +This morning,the government in my country announced a new fucking cyber law that we will be jailed [3 years for using a vpn and 1 year for using crypto](https://www.facebook.com/100044378711419/posts/532725478216738/?d=n).Should I be worried and take my money out of CEXs?If I keep using CEXs like Binance and Crypto.com with a vpn,can the CEXs ban me or freeze my account ? + +Sorry if there were any mistakes as English is my second language. + +Edit:There is a guy in the comments using my name and asking to donate.He is a scammer,please don't sent him any kind of money.If you wish to help,DM me. + +Edit 2:Why are they banning VPN? + +Answer:We are using social media that they have banned like Facebook and Twitter via VPNs to spread news about what's happening in Myanmar,about their mass murdering,about burning people alive and whole towns and villages,about soldiers raping women and killing them afterwards.We are also watching ads with USA VPN to generate more money on revolution websites where we can watch ads and donate the revenue directly to rebels who are fighting the dictatorship.That's also the reason why mobile data prices have skyrocketed more than 5 time than it was before the coup. +Ok, to the basics. + +I have my tenants pay rent online. Or a drop box. Most pay online. They also submit maintenance requests online as-well. + +I am doing a good job at laying low. + +The property is in my trust name and taxes paid by trust that I created. + +Any helpful tips to stay incognito? + +Thanks! +I know there are a lot of Cathie Wood fanboys on here, but I want to ask a legitimate question. What great trades has CW made during this downturn. Seems like every single trade she has made has gone to shit especially her top 10 holdings. Every time she buys something it drops like 7% the next day. Has she made any good trades recently? + +Also shut the fuck up about "Highest conviction stocks" and "5 year time horizon". Both of those are buzzwords she uses to keep you locked in. Repeating them again and again makes you look like a brainwashed cult member. Like No... REALLY? You're telling me shes buying stocks she believes to be high conviction? As opposed to stocks she thinks are going to fail? When the hell did the 5 year time horizon start? Her funds been out for a few years already and I am starting to think the time horizon ended in Feb. +If interest rates go up, but repayments are a percent of earnings, isn't it just kind of the same as increasing income tax on graduates? + +With the exceptions that: + +Some may still pay off their loan, meaning that the very high incomes/wealth can escape the 'tax' + +The very wealthy who never take the loan because they pay tuition up front also escape the 'tax' + + +>Our customers may choose to cease using our platform, products and services at any time, and may choose to transfer their accounts to another broker-dealer. +> +>For example, in the first quarter of 2021, **we saw an increase in Automated Customer Account Transfer Services (“ACATS”) out as a result of an increase in customers choosing to transfer their accounts to another broker-dealer.** +> +>In the first quarter of 2021, **total value of ACATS out was $4.1 billion, representing 5.0% of AUC, from approximately 206,000 accounts, as compared to the quarterly average for fiscal year 2020 of $0.4 billion**, representing on average 1.2% of AUC, from approximately 22,000 accounts on average. +> +>Other revenues ... increase of **$12.6 million primarily relating to ACATS fees charged to users for facilitating the transfer of their account to another broker-dealer.** + +[https://www.sec.gov/Archives/edgar/data/0001783879/000162828021013986/robinhoods-1a1.htm](https://www.sec.gov/Archives/edgar/data/0001783879/000162828021013986/robinhoods-1a1.htm) +I moved into my apartment with my now ex and it was affordable with two working people splitting bills. But since we broke up and left, I've had to take on all the bills. I make just enough to get by but when you have big unexpected expenses popping up every couple weeks, it gets tighter and tighter. But now I have a couple weeks where I can fill up my tank without worrying I'd there's enough. +I made the mistake of thinking a profession I chose would pay 60k a year doing a 40 hour week because the average I google said so. What i didn't realize was that this profession had lots of overtime that went into that average. Without the OT you're looking at 45k a year before taxes. Make sure to see how much the pay is and the hours worked needed for it. +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 +This is a selfish post because I'd actually like some high level discussion instead of shallow discussion of fad stocks. + +So many of these posts are "Give me fish" when--if people are really serious about investing--posts should be "How do I fish?" related. + +For example, how much importance do you put on the P/E ratio? Does it differ by sector? Are there any instances where you'd disregard it? + +That's just a hypothetical, but it's the kind of discussion that I'd absolutely love to see on this sub. Not "Which stock to invest in?" or "What do I do with my X amount of money?" There's so much interesting content to think about and we seem to never touch upon any of it. +🚨 HUGE NEWS 🚨 WE'RE OFFICIALLY CONFIRMED FOR BITMART LAUNCH APRIL 22-23!!! CHECK OUT OUR [BITMART FAQ HERE](https://docs.google.com/document/d/1-8hSGsgZJYun2cqQ0NEoSnBJyiazZu1iFsOsJ7jKflA/edit?usp=sharing), AND [BITMART CONFIRMATION HERE](https://twitter.com/foxfinancebsc/status/1384898473431126017)! + +Also check out our [new website and whitepaper](https://foxfinance.io)!!! + +**Bottom Line: Current Marketcap - $85m, launched March 16** + +A quick note about me: My name is Steve (@sion42x on TG and Reddit), and I’m an IT executive, hobbyist crypto dev, and have been involved with crypto since the early days of BTC (2012, you can check my post history). As a Fox HODLer I became an admin after 5 days and have been working with our founder, Vojtech Pour, on the development of the FOX platform and growth of our token. + +## Let’s talk about FOX 🦊: + +FOX is a deflationary, self-staking token built on the Binance Smart Chain. Yes, we realize there are a lot of those these days, but each one is different and for the most part accomplishes different goals. So here’s the stats on FOX: with every FOX transaction (purchase, sale, transfer), 6% of the transaction is sent to liquidity and locked over a rolling 48 month window. Another 6% is distributed to all token holders based on their total stake in the FOX Token. Included in this automatic staking mechanism is the Burn Wallet which is an inaccessible, out-of-circulation address. As the burn wallet receives more, it grows in stake and therefore receives a larger share of each transaction. Coupled with a 1T Token Burn each of the first 50 days, this presents a powerful and exponential burn mechanic to ensure both stability and growth of FOX over time. + +After the first 50 days, we will assess the FOX mechanics and determine if further burn is required. However, we also have a secondary burn mechanism in effect, with a goal to consistently keep liquidity at 10% of circulating supply. Any unlocked liquidity above that 10% will also be burned. These principles accomplish a number of key goals: + +1. Reduces day-to-day volatility of the FOX Token’s value +2. Provide a mechanism to award FOX holders simply by having FOX in their wallet +3. Creates financial conditions for exponential growth over time +4. Prevents mistreatment of funds through liquidity locking +5. Ensures increased usage of the FOX token, whether by users or by Fox Finance itself, benefits our investors + +Our goal is to create an ecosystem and community of awareness focused on wildlife conservation through our advocacy platform FOXES IN ACTION. + +Since inception, FOXES IN ACTION have performed multiple advocacy campaigns, rewarding the community for tasks such as planting trees and reducing plastic waste through reusable straws. We’ve virtually adopted several foxes through the World Wildlife Fund and provided other financial donations to worldwide wildlife organizations. + +There are many ways you could categorize the FOX Token, but we prefer to think of it as both a Community and Charity Token. We seek to use our token’s economic power to build greater communities of awareness on the Binance Smart Chain, and to make an impact in the world environment through donations, action, and new and emerging blockchain technologies. + +## On the Subject of Rugs 💰: + +Liquidity is locked: [DeepLock deposits](https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55) + +There have been multiple opportunities for Vojtech (Fox Founder) to pull out funds, but he has steadfastly maintained and proven that Fox is not that kind of project. We want to provide full transparency into our accounts which you can check out on BSCScan using these addresses: + +* FOX Token Contract +0xFAd8E46123D7b4e77496491769C167FF894d2ACB +* FOXNFT Contract +0x55c5ac62262aa1810598e1953578ece74c2857ef +* Marketing Wallet +0x84a7672ba74a5a2712a070ea7cfd0c3c4ffda73b +* Dev Wallet +0xc12faf701d05af1cfabdefc770c3b3c7b59eae10 +* Burn Address +0x0000000000000000000000000000000000000001 +* Liquidity Pool +0x3027ad7781700a03496613377152dba78c38fa55 + +## Roadmap! 📈 : + +Obviously we’ve had a number of CEX’s banging at our door asking if we want to list. The admin team is working hard to ensure that our choice is not simply throwing money at the market trying to get listed wherever we can. We’re actively working on the decision process for our first CEX, and for now our price shows that PancakeSwap and 1Inch are definitely doing the job for us and our investors. But getting listed does not a roadmap make. Let’s look at the projects we have on the horizon: + +**Merchandise Marketplace**: Fox Finance is working with AAA Graphic Designers, Game Artists, and 3D designers to bring amazing, cute, and fun merchandise to the market. This merchandise will primarily take on the form of Non Fungible Tokens (NFTs), digital merchandise minted under Fox’s official ERC721-compliant contract FOXNFT. The Fox Marketplace will be a web3 enabled site hosted on foxfinance.io, and will accept FOX for art, gaming, 3D models, and more. + +**Foxes In Action**: We firmly believe in change through action. We run continuous Foxes In Action events, prompting our community and hopeful FOX holders to perform acts of activism or awareness for the environment. These tasks include things like cleaning up trash, planting trees, using metal straws to reduce plastic waste, and more. For performing these tasks, eligible entries are rewarded in FOX tokens as a way to give back to our community for positive action towards our mission. + +**Trustless Donation Pipeline**: Ultimately, the true value of FOX will come in the form of financial assistance to charities that are working diligently to save our world, usually with only fiat as a payment option. Our goal is to funnel funds from our various events and products as well as stake growth on charity holdings in a completely decentralized manner to charity organizations. This will be accomplished through a series of contracts and partnerships, working with organizations that operate in the blockchain and charities themselves to increase crypto adoption. The Trustless Donation Pipeline is an achievable goal thanks to the power of smart contracts, and will ensure that all charity contributions are trackable from earning to donation on the blockchain without human intervention or fear of misuse. + +**FoxDAO**: The hallmark of a decentralized organization is that even its ongoing decisions are decentralized. To that end, Fox Finance seeks to develop FoxDAO, a Decentralized Autonomous Organization. This set of contracts and dApps will allow us to divest completely from the FOX contract, and utilize voting by stake to make decisions regarding the FOX network. These decisions can include any changeable parameters of the FOX Token Contract, and will ensure a strong decentralized practice based on holder commitment to the platform. + +## Token Info! 💵: + +**NEW Website**: https://foxfinance.io + +**Contract address**: 0xFAd8E46123D7b4e77496491769C167FF894d2ACB + +**Telegram**: https://t.me/foxfinancebsc (>6000 members!) + +**Twitter**: https://twitter.com/foxfinancebsc #FOXINACTION + +**Discord**: https://discord.gg/9XZNnTnhqp + +**bscscan**: https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances + +**How to Buy**: Pancake - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb (slippage 12-15%) + +1Inch - https://app.1inch.io/#/56/swap/BNB/FOX + +BITMART buying imminent!! + +**Chart**: https://charts.bogged.finance/?token=0xfad8e46123d7b4e77496491769c167ff894d2acb + +## Quick Note: +Also, as always, Do Your Own Research. This post is not financial advice, but us wanting to share our token progress and movement with you. Obviously as an admin I’m biased, but I’m also a holder just like many others in our community. It’s an amazing group, with an amazing team, and I think we have an even more amazing future. + +Stay foxy! +I recently received a massive promotion that will easily set me on a path to fatfire within the next 5-7 years. This amount of money is pretty new to me so I am trying to figure out what type of things you guys have done once you became wealthy to protect your assets, privacy, etc. I work in finance to I have a good understanding of investing/savings — I’m really looking for some of the other stuff. + +I spend a lot of time around ultra HNW people and they seem to all have a certain “set up” but it’s hard to explain/quantify. + +Should I set up a trust? Life insurance? Do I need to start worrying about giving out my home address? + +I’m sorry if this post is non sensical — just looking for some of the walls people start building once they become HNW. +I know that time in the market is typically advised over timing the market. But during this time when it’s a bear market, is it still better to lump sum? + +If DCA, how do you do it? How much and in what time frame? + +Plan to either DCA or lump sum into Roth IRA +Hey r/ValueInvesting I created this stock DD checklist. Which runs though all the things I look at when doing my due-diligence from finance statements to fundamentals. +Hopefully someone finds it useful. And Let me know your thoughts cheer + +https://prophet-invest.com/stock-dd-checklist-for-beginners + +[**r/Bitcoin**](https://www.reddit.com/r/Bitcoin/)•Posted by[u/vz88fjj](https://www.reddit.com/user/vz88fjj/)[8 years ago](https://www.reddit.com/r/Bitcoin/comments/1kpsi5/i_put_all_my_life_savings_into_bitcoins/) + +# I put all my life savings into bitcoins + +Last week, I put all my life savings into Bitcoin. I'm only 30 so I know while it is a risk, I still have a chance to recover if it crashes, and I have a full time job anyway. I just thought how the people around me are putting money into their houses, into children and expensive weddings, and they will never get a return on that. It just disappears. I also thought how most people will go their whole life and not take a risk and 'go for it'... and when I'm older, I will not be able to things like this. I will be a lot more conservative. Now is the time for me to take a risk. + +So I put a total of about $50,000 USD and bought in. I don't know how long I'll keep it in, but I'm thinking at least 5 to 10 years, maybe longer. I haven't told anyone and I don't plan to, but I feel good about it. Another thing I think about is that there will only be 21 million bitcoins ever released, and that is NOTHING when I stop and think about it. To me it seems like a great opportunity. +https://www.cnbc.com/2022/02/07/meta-threatens-to-shut-down-facebook-and-instagram-in-europe.html + +Regulator headwind is damn strong. 27% of ads (20 Billion) revenue from Europe region is in risk. + +This might affect google as well in the future, Meta and Alphabet will have harder time to lobby EU government. + + +Facebook has their community/marketplace that has not be monetized yet. Hell, they can allow community to sell ticket (ala eventbrite) and take margin on it. Something like a local photographer group that sell ticket for course and market place to sell gear. + +Otherwise the business will stagnate. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Following my last post, alot have been helpful and have suggested reading material which I have done. I recognise an Index fund is probably the best way to go and Vanguard seems to be a safe option. What I don't understand is whether there is any difference in me investing in Vanguard directly as opposed to via a trading app? The app will also let me invest in multiple ETFs but am I missing something? +I posted about this in daily thread last week, and I think that it probably is worth a post to share and to show people how to hedge downside cheaply, or cheaply speculate on a large increase in volatility. + +It is kind of a mess, but hopefully it is useful. + +To hedge with VIX call backspreads, what I do is this: + +Some really basic VIX things to know before you do anything: + +VIX options are European style options, and cash settled. +VIX spreads will margin worse in the last 30 DTE, due to how SPAN margin works. + +"The exercise-settlement value for VIX/VIXW options (Ticker: VRO) shall be a Special Opening Quotation (SOQ) of VIX calculated from the sequence of opening prices for regular trading hours for the SPX options used to calculate the index on the settlement date" + +They calculate the spot VIX price for a particular expiration day and that becomes the settlement price for the options. Then its just cash settled based on that price. + +How VIX option spreads use margin is broker specific, if they use Reg T margin for VIX options, get a better broker that uses SPAN margin for VIX options. + +Anyways ... + +I look to sell 1 VIX call around 60 DTE, with the strike around whatever spot vix is at, which is around 21 right now. This has 88 delta, and very little gamma. + +The one I sold today was the Apr 20 20c for 8.29 credit; I then use the credit I get from selling that call to buy 2 Apr 20 30c for 3.92 each. + +The whole trade was done for a net credit of .45 cents or so. This takes about 500 dollars in margin at IBKR, and uses SPAN margin since they are technically options on futures. + +How your broker treats their margin on VIX option spreads ... broker specific, but IBKR uses SPAN margin, which means less margin needed than would be. For me, -1 20c / +2 30c ... 500 dollars. + +These two 30c have 51 delta each, and a LOT more gamma than the 20c. As VIX goes up, the gains from the 2x 30c will really outrun the 1x 20C short vix call, creating a hedge that works best against a big IV increase. As VIX goes up, the gamma and delta from the back spreads will give you a big win. + +I now have a VIX call backspread. The real special sauce that makes this work ... + +I will look to roll it when there is about 30-45 DTE left. Most of the time decay will happen in the last 30 DTE, so you roll before you get under 30 DTE, to the next back month. You don't have to roll exactly at 30 DTE, just wait until you find a "good" spot between 30-45 DTE, and roll to the next month, keeping in mind that getting closer to 30 DTE, but not past it, is more protective against a sudden decline. + +This is your hedge, you roll and adjust it each month so your short strike is near spot VIX, and your long strikes are around 10 strikes out, but 2x of them. + +In any case, this position will lose very little money, as long as I roll it with 30 DTE left. If it does lose a little, it will be when VIX moves up only a little bit, and ends up pinned around 23-28 with around 30 DTE. + +The main way to lose money with this hedge is if there is a small increase in volatility, to a level that puts it between the strikes(25) of your backspread, that does not go away by 30 DTE. Then, maybe you suck up an 80 dollar loss or so to roll. + +If you are dumb enough to not roll it at 30 DTE, then you can lose more money on it, because that 20c will decay a lot less than the 30c's you have out there as theta decay accelerates. + +It has upsides and downsides. It is a good, cheap hedge against big vol, which is usually a market crash, but hypothetically could be anything driving crazy vol. It is a great way to speculate on a big increase in future volatility at a low cost. They can open for even, a small debit, or even a small credit like I did today. + +It does worse when a vol spike is very ... short term? Your hedge is not in the front month, so it is less responsive to a Vol increase that is not getting priced in as much into that 30-60 DTE window, much like how a back month commodity futures respond to an increase in spot price, but not as much as the front month. + +That being said, most "big" meltdowns show a very elevated VIX for months after the event, like 2008 and march 2020, so for the cost, it hedges tails risk really well. It does not hedge well against volatility that don't get reflected in the back month vix future. + +Buying VIX calls outright takes less margin than buying backspreads. That is worth thinking about. Front month VIX calls respond more sharply to the market, but decay more too. Margin treatment on VIX spreads is bad, if your broker forces you to use Reg T. They need to use SPAN for VIX options for this to be good. + +How many hedges do you need? Well ... that is sort of a fuzzy question, but some numbers. You have to use your intelligence here because it all depends on your holdings and positions and your downside risk. + +Lets assume that a 10% market drop will result in a 100% increase in VIX. This is a number I have seen tossed around frequently, but if anyone has any papers about how much vix moves during market drawdowns, it would be interesting to see. + +Since VIX is at 20 or so now, a 10% drop would cause spot VIX to double to 40. Looking at our backspread, that would probably put VIX for that future month around 35-40 VIX, resulting in 500-1000 dollars profit, because those 30C will probably not have near 100 delta. Our hedge helps, but this drop is not big enough to really push it. + +If the market drops 20%, lets assume VIX goes up by 200%, and we now have a VIX of 60. Our backspread would now have 2x 60c calls, likely near 100 delta in the back month. We have 2x 30c with 30-60 DTE, and assuming VIX on the back month is 50-60 and that they have 100 delta, your VIX hedge probably made 2000-3000 dollars from the 30c that is not covered. + +For 30% down, assume 80 VIX, 70-80 in the back month, you probably will have 4000-6000 dollars profit from each backspread. + +Taking profit: sell the extra call ya got! Vix probably isn't going to go much higher than 80-100, so if you see that, just sell. + +Then what you have is a vix credit spread. You can roll up your long call, hold on, make sure you have enough margin, and ride the vix drop down for more profit as mean vol reversion happens. + +Of course, you can just close the whole thing too, your call, your trade, your margin. What this trade does for me ... it lets me hedge against tails risk with minimal carrying cost. In the case of a mild, slow bear market that does not increase vol, I can manage my trades and work with that. This just saves me in case of a market meltdown I am unable to adjust to. +I looked into share recalls and I can barely find any information on them. It means it is not a common occurrence. The only definition I found for it was when the lender recalls their shares. Feels like people are just parroting something they heard about hoping it will do something. We are the share recall. DRS is the share recall. We don't need anyone to do it for us. We're already doing it. + +I can appreciate peoples enthusiasm. The dividend is obviously a big problem for some brokers. We just need to let it play out. There isn't some magic button anyone can press to make this happen. Moass is always tomorrow until it isn't. + +I just want to mention as well. People keep talking about gamestop pulling their shares from the dtcc. I'd imagine that would be the nuclear option. The last option. And I feel like we aren't at that stage yet. I imagine gamestop would do everything possible to shake the shorts before ever attempting to pull shares from the DTCC. + +BUY HODL DRS +I (F22) need to move out of my parents house due to my mental health. I just graduated with my MBA and currently have a salary of 65k a year. I have a car payment of $530 a month and another bill which is $300. I paid off all of my student loans 7 months ago. That’s about the only things I pay for. +I live in NY (upstate) and taxes are high. I just got off the phone with a lender and she said I could go up to $175k for a house. However this would cost me $1400 a month. That’s a lot of money. I was thinking about renting but that would hardly be a difference at this point. Rent around here is about $1400 around where I live anyway. On top of everything I’d have to buy furniture.. how the hell can anyone afford a house? I know i would probably get a house on the cheaper side but those ones are seldom in good areas and some look rough.. what should I do!? + +I have about $20k in my savings account. + +[UPDATE] Thanks for all of the great helpful comments. I did not mean to sound entitled at all. I’m just lost. I really appreciate all of the responses. I’ve decided to continue living with my parents for a few years and save up some money. I am fortunate enough to live comfortably with them until I put together an emergency fund, increase income, and save enough for a house. +Half question, half rant, so I apologize if it leans too far into rant. :) I promise I am genuinely curious. + +&#x200B; + +I'm a 28 Y/O, unmarried male, no children, only debt is some low-interest student loans I've been paying down (started at 40k, currently at 17k). I've been living / working in NYC for the past 4 years since graduating college. For the first 3 years I was making $90k and now I am making $140k. NYC is a very HCOL area but I think I'm doing pretty well for my age. + +&#x200B; + +This entire time I have been trying to do all the "right" things, contributing to 401k (no employer match), saving as much of my pay cheque as I can, etc. I have about 35k in tax advantaged accounts (401k + ira), and I have 35k in liquid cash in my savings account (emergency fund. $1900/mo rent + $650/mo loan payments + general COL expenses (food, phone, internet, etc) I aimed for a generous 6/mo buffer). + +&#x200B; + +So I'm barely scratching 70k living in a crappy apartment and with a high-paying job, and I'm seeing tons of people posting on this sub around my same age / a little older, pushing $1MM+ in NW! hell even 500k is impressive to me. + +&#x200B; + +Wont lie, I am quite jealous, but more than jealousy I would love to learn how I can DO that. How do people get such high NW so early in life?? Even if I was putting all my spare cash into the market I'd be nowhere close to that NW..... How do people gain wealth so rapidly (vs over a 30+yr timeline or something)?? +My Husband was rear ended in a car accident this week. At the scene, the at-fault driver presented an insurance card showing coverage through May. We thought everything would work out fine. + +As the week progressed, however, our insurance agent updated us on the truth behind the other driver. As it turns out, he was arrested after we left the scene. He had a warrant out for his arrest regarding a previous hit and run, he was driving on a suspended license, and the car wasn’t his. The car belonged to his girlfriend, who had let the insurance lapse. We had been hit by an uninsured motorist. Our car was totaled and my Husband was accruing medical bills. For a few anxious moments, we thought we were looking at huge out of pocket expenses with little chance for reimbursement, given the character of the other driver and the fact that he was currently in jail. + +Thankfully, we pay an extra $11.10 every 6 months as part of our insurance premium for uninsured motorist coverage. By opting into this additional coverage, we saved ourselves from the stress and impossibility of suing the other driver personally to be reimbursed for our damages. Instead, our insurance will write us a check for our totaled car and pay our medical bills, and they will be the ones suing the other driver, not us. + +All for an extra $23 a year. + +EDIT: I’m being told that this reads like an ad, but I guarantee it isn’t. I am a writer by profession, which might explain the tone of my narrative. Plus, this happened on Tuesday so it is all still very emotional and fresh in my mind. I’m very happy that this post has motivated people to learn more about their own policies and insurance coverage. + +EDIT 2: Our cars are insured in Oregon, so those are the state laws / minimums that apply to our situation. + +EDIT 3: Also make sure your car seats are properly installed, and if a car seat is in the car when you’re in an accident, know that you most likely need to replace it! Car seats lose their effectiveness after a collision. We included our car seat in our claim and we will be reimbursed for a new one. +Long story short I’m going to be short on money until my new job starts. I’m doing what I can with side jobs until the first paycheck comes in but I know it’s definitely not enough to pay the bills. + +If I have to skip paying bills which would be the best ones to skip until I can get caught up? + +We have car loans, credit card debt, student loans, and a mortgage. + +My parents co-signed on the student loans so I really don’t think I should skip those for their sake. + +Also, I have a toddler home with me right now, what are some quick ways to earn cash? I’ll take any advice I can get cause I am panicking. + +I can turn in one of our vehicles but that means I’ll have no way of transportation while my husband is at work. I know it’s temporary but it’s really stressing me out. + +I want to get this new job, pay off all my debt, and start being better financially. +Background: I'm an attorney, I make $100k. However, I'm in my 8th/9th year of practice, and according to everyone I've spoken to, I'm woefully underpaid for my experience level. As such, I'm actively applying to new jobs, and reasonably expect a bump to $130k or more (on the low end), and increasing from there on up. Current boss has promised that if I meet certain performance goals in the next two months, I'll get bumped to $110k. + +I own a townhouse (mortgage $1600), no student debt, I have a 401(k). I have an investment account with some money in it. I own a foxbody Mustang that is completely paid off. I pay $462 a month for insurance for both cars (full coverage, 250/500) and might be overpaying for that (no accidents or tickets the past 10 years). Utilities are about $400 a month, I have a $40/month gym membership, no other major expenses. + +I've have a C6 Z06 that I bought in 2018 for $35k. It's been my daily for the past 4 years, but it's way too unreliable, and I'm tired of dumping money into it. So I'm selling it. I expect to get around $32k-$37k, and I'll have a fair bit of equity left over from that sale, so some nice folding money in the bank. My current payments on the Z06 are $500 for the loan (informal handshake loan from my day) PLUS $175/month for an aftermarket warranty. + +I want a 2022 Challenger Scat Pack. It took me six months to decide what car I'd want, and I finally found one with the options I want and put a deposit on it. Deposit only holds the car until this weekend (refundable deposit). + +Leasing is right for my life situation. I need a new car, a reliable daily driver with a warranty. And yes, cars are my main/only hobby and basically my entire life. Extremely important to me. + +The payments on the Challenger are $740 a month. + +Can I afford this? Let's say I get bumped to $110k in salary (which my current boss promised will happen in two months). Take home pay (AFTER TAXES) will be $7k/month. So 10% of that is $700 a month. 15% would be 1050. + + +EDIT: *Ok guys. I asked a question looking for real advice and input. I just wanted some advice and you've given me exactly what I'm looking for, and I really appreciate the input. +I'm kind of snapping out of this decision and I think this is too much of an expense for me to handle at my current salary. I think this would be a stupid choice. +I think I'm going to buy a lower mileage used Mustang GT instead (2014). Still should be reliable and fun, and should cost about $35k at the top end of things.* +We’re not “retards”. We’re not “apes”. Just because somebody is new to Reddit, doesn’t make them uninformed. Just because somebody is new to Reddit, doesn’t mean they’re a teenager or have no holdings. Just because somebody isn’t positing their BTC holdings, doesn’t mean they don’t know what they’re talking about. + +If you’re not a bitcoin maximalist then that’s ok, you’re still welcome here but remember what sub you’re on. A sub that preaches anonymity and not telling people things such as how much coin you own. You never know who the person you’re speaking to is and what stake they have or the knowledge and experience they may hold. + +So with that said, if you’re new here, let’s try to stay true to what r/bitcoin was made for - to discuss bitcoin. If you need visual confirmation of people’s holdings and want to talk shit, wallstreetbets is only a click away. This isn’t the place though +Hi all, i've been lurking this subreddit for a while as me and my partner have started searching for a house. We live in the South West, and have been searching for a house for 4 months, as first time buyers. We've settled on a development from Bloor homes, with a 3 bed semi-detached house being released for £355k. We saw a showhome and liked the design, and thought we would proceed with reserving the plot/house as it seemed to tick all the boxes, and me and my partner both loved it. + +However, we've been messed about somewhat and had poor customer service from Bloor (not responding to emails, despite trying to reach out to them 4x by email before getting a response). We had a reservation meeting yesterday, where they gave the impression they don't negotiate on anything, and it seems like you don't seem to get anything without paying for any extras (I understand flooring isn't included in new builds, or topsoil, but even stuff like a toilet seat is in the catalogue for £60...) + +The issue is that we are being told we need a decision in principle before we can fully reserve the property, even though the house isn't due to be completed towards the end of March. Our mortgage broker has said the DIPs are only valid for 6 months usually, and so he finds it a bit odd that they expect us to have one when the rate/mortgage may change before the house is completed. + +Are we being really stupid by proceeding with this company so far ahead, in this current climate, given how stingy they seem to be with everything? I've seen really mixed reviews online about Bloor, but nothing about the cost of extras, and I can't really find anything regarding how they fare vs other developers, so was hoping if anyone here has had recent experience, or just any advice to give, i'd really appreciate it! Apologies for rambling nature of the post, happy to give any other details! + +Edit 1: The area itself is quite popular and houses tend to sell quite quickly. A train station to the city is a 10 minute walk away (10 minute train ride also). The new build development next to this one has had a surge of interest from London buyers, and a school was built here that has a very good OFSTED rating, which could also be driving the price up. + + +Edit 2: Thank you everyone for the solid advice. Based on the feedback, we think we are going to walk away, given how they've handled us over the past few weeks. I really appreciate everyone's reply, thank you so much! + +Edit 3: Solid advice keeps pouring in, and I can't reply to everyone, so just want to reaffirm how thankful I am for everyone who has taken the time to reply. +I remember during the brief bear market there was one person that would pop into so many posts and say that ETH was going to dip to $249. Or some crazy low amount. Just curious if anyone has seen him or how he's doing? + +&#x200B; + +\*Edit. It was $258. I did not remember the amount correctly. Thanks u/socalquest for correcting me. +Below is my simple explanation as to what I believe is happening based on the revelation that GME Entertainment owns the GME Wallet and is a subsidiary of GME. None of this is new info, but rather an attempt to explain in as clear of terms as I possibly can to get you jacked. + +The Goal: Force short sellers to close position by going into market to buy shares. + +Problem so far: Shorts, using the current system, are capable of creating synthetic collateral and kicking the can – creating as many shares as necessary and not effecting market price. + +Conventional Solution: Use a stock dividend and only issue exact number of shares. —> This failed. + +New Solution: Issue an asset that the current system cannot handle, thus foiling the short sellers ability to create synthetic collateral. + +That Asset: NFT – using blockchain technology create 1:1 asset that cannot be synthetically duplicated. + +How to get Asset: Start a company that has its own digital wallet, blockchain website, and has created a marketplace to deploy an NFT asset (blockchain company); + +Legal Execution: Have a seasoned company spin off the blockchain company, issuing the blockchain companies shares as NFTs to each share holder of the seasoned company. Legal benefit too – no need to register as this transaction avoids registration with SEC - no sale or offer as shareholders of seasoned company are getting ownership of two assets for the price of one. + +Effect: Every seasoned company shareholder is due an NFT and will become a share holder of two companies - any short seller would need to provide the NFT to the shareholder – the NFT cannot be synthetically duplicated – the only way for the short seller to get the NFT is to actually hold the seasoned company share. + +Result: Share price of seasoned company will sky rocket as short sellers will be racing to close their positions to obtain the NFT to provide to the shareholder. Again the NFT is the ownership certificate for the blockchain company and must be provided to its owner. + +&#x200B; + +ADDITIONAL THOUGHTS: + +* Holding your shares in your name via DRS is vital as the rush to close positions will likely cause cascade of broker bankruptcies – like we are witnessing with FTX - when a broker, company, etc. goes into bankruptcy their assets get frozen and many creditors are left with pennies on dollar if anything. +* Our chairman is encouraging DRS not only to squeeze the fuck out of the shorts but also to protect us from the inevitable cascade of bankruptcies that will wipe out people’s holdings. +* DRS your shares - protect yourself and protect your company. + +&#x200B; + +\+Neither legal nor financial advice. +I’m only 22 years old and have the body and mind of someone twice my age because I do not have reliable access to a dentist, dermatologist, doctor, therapist, or any other form of health resource. Thus, I have several cavities I cannot afford to fill, and numerous other untreated issues. I was born into poverty, my parent makes just above minimum wage full-time, and I barely get enough to eat each month. I’ve been underweight my entire life (130 lbs). I’ve tried and tried and tried to eat well but just can’t afford healthy food. I don’t qualify for food stamps, and spend literally every waking moment of my life on schoolwork (currently in university). I’m a pretty decent student academically but am unwilling to deprive myself of having a life in order to get perfect grades. I don’t have time to have a social life, and frequently am depressed since I never really got to have one growing up due to my family’s financial problems. I don’t know if I’ll ever escape this hell and live a somewhat meaningful existence. Every year is the same. + +And yet I have friends from high school my age with wealthy parents who have been living the dream. They’re so successful. They can afford vacations, nice clothes, the latest technology, fun social gatherings. They have their own homes, cars, pets. They look great, are able to have a healthy balance of work and play, and live such a life of privilege and unimaginable excess that I will never even remotely have the chance to experience. Through family connections, they get good jobs, and then post endlessly showing off every aspect of their *perfect* life on social media, acting as if they’ve truly earned any of it. In their eyes, they’ve “won” the game of life. + +We do not live in a meritocracy. There is no social mobility anymore. This kind of inequality is insane and is going to result in massive civil unrest before long. Millions upon millions of people struggle DAILY to meet their basic needs, while the richest indulge in wasteful hedonism. Rich kids are set for life, have massively unfair advantages, and are told from the cradle they’re superior. Poor kids have every barrier imaginable to overcome, and will probably never fully escape the socioeconomic conditions of their birth. Our educational system is also rigged in every way against the poor. Those with money will always view us as inferior. Every single fucking aspect of life in the U.S is made 10000000x more difficult and stressful if you do not come from a financially well off family. +Here’s a DD on Melbana energy, an ASX small cap oil and gas explorer who’ve recently made a mega find in Cuba, with another one in the barrel about to let fly. If you like IVZ, you’ll love MAY. + +**TLDR: MAY has $35m in cash, a 30% share of 267million barrels of oil (80m) independently assessed from drill one, and drill two heading to target depth in the next week or two with a mean 114mbbl estimate (34m, MAYs share).** + +**If like me, you have the attention span of wing nut, you can read the bold bits alone.** + +Usually, the market prices in ground reserves conservatively, say at 70% discount. **At a share price of 10c the market values MAYs resource at $3.75-$5.86 per barrel, roughly a 95% discount.** + +Now I know it’s fashionable to chunder rainbows, spruik healthcare for whales and mine for lithium these days; but last I checked **new oil supply coming online is falling whilst global demand is still growing.** + +The macro setup for this stock for a 5 year hold is excellent. In the short term, it’s great for day trading degens, as its smack bang in the middle of pennant with price responding primarily to drill cycle catalysts for the last 6 months. + +The original DD on Melbana Energy (MAY) is from reddit user [u/portiss50](https://www.reddit.com/r/ASX_Bets/comments/p09kmf/melbana_energy_may_a_hybrid_mix_of_ivz_brk/) . This is now two years old and anyone riding since them has 5-10x. **Good for them, but is it too late, has MAY had its run and why is the market discounting this stock so heavily?** + +Let’s get **some basics** out of the way. MAY is an ASX listed oil and gas explorer, headquartered in Sydney. This DD is entirely focused on its onshore block 9 Cuba operations. They also have a royalty only interest in an exploration campaign in the beehive prospect offshore WA slated for drilling later this year. + +**MAY has a 30-70 split in block 9 with Angolan national oil company, Sonangol.** The joint venture agreement states that cost and profit of operating the lease after the initial two wells will be 30-70. In addition, **MAY has an offtake agreement with CUPET, the Cuban national oil company, CUPET buys the oil at international prices.** The **royalties imposed are approximately 27.5%** subject to change. + +The driller is Sherritt, a Canadian rig operator with a long history and good safety record in Cuba. The deposits are in accessible regional setting where farmland is dominant, serviced by existing roads, **approximately 50kms from the nearest port / refinery. There is a disused / underutilised pipeline adjacent to the Zapato prospect. Trucking the oil to the refinery is a stop gap solution.** + +**Costs of recovery** in Cuba are low, with CEO Andrew Paul giving a conservative **estimate at $20 per barrel**. Cuban fields traditionally produce heavy crude, but Zapato is adjacent to a field that produces / produced a lighter oil. Basically, heavy oil sells for a 13% discount on the lighter stuff. The two are mixed and refined, or used separately for different applications (ships, refiners powerplants all use different feedstock). **Cuba has a deficit of** heavy and light **oil**, but it is mainly set up to consume heavier oil. + +\- **Below is a summary of the two-drill campaign at block 9.** + +||**Alameda (Drill One)**|**Zapato (Drill Two)**| +|:-|:-|:-| +|Status|Drilled and logged Dec21-Mar22|Drilling \~1900/2600m| +|Million barrels est. (pre-drill)|180 (54)|\~ 38-214 (13-65)| +|Mbbl est. (post-drill) 5% recovery|**267 (80)**|\-| + +**So, to re-cap, MAY found 143% more oil than the mean estimate in their first hole, for a total of 3.6 billion barrels, of which the assessors (McDaniel’s) estimate 267 million (5%) are recoverable. MAYs net share (before royalties) is 80 million barrels… So far.** + +In case you care, Alameda consists of three sheets: Amistad (a further 3 sub-units), Alameda and Marti. I won't pretend to be informed about the geology on site, suffice to say they went looking for oil; and they found it. + +Before we dig into Zapato, let’s **spend a minute dreaming about what this resource could be worth to shareholders when MAY goes into production mode**. I’m going to include everything in this estimate that I have been able to find, cost of recovery, the "in-ground discount", royalties and I’ll also vary the oil price and recovery rate. Why mess with the recovery rate? The pressure regimes were quite high, that could lead to a higher recovery rate. We’ll set the max at 10%. Shares on issue is currently 2.9 billion. I’m using 3.4 billion to account for options exercise (expiring September) and purely hypothetical future cap raises. + +\- My numbers + +|In ground discount (reserve\*0.3)|Oil price ($AU)|Cost of Production ($AU|CUPET Take|Profit ($AU)|shares (m)| +|:-|:-|:-|:-|:-|:-| +|\~ mbbl|50-105|20|27.5%|(Mbbl\**0.3)*(price-CoP))\*(1-0.275)|3,400| + +**- The output** + +|Est. Fair Value|Est. Reserves 80mbbl|Est. Reserves 120 mbbl|Est. Reserves 160 mbbl| +|:-|:-|:-|:-| +|Oil at $35 USD | $50 AUD|15c|23c|31c| +|Oil at $50 USD | $70 AUD |26c|38c|51c| +|Oil at $75 USD | $105 AUD |**44c**|65c|87c| + +**Not bhed**. + +On the most conservative of scenarios, market is undervaluing MAY by 50%. At a very conservative estimate the share price should sit around 44c. Remember, **I’ve valued 70% of the 80mbbl reserve at $0. Worst case with production being put on, 15c-44c. Best case this is an easy 8-10x.** Now **in the short term these valuations don’t mean shit. I mean really, dog turds in the gutter have as much if not more predictive power than valuations**. + +$35m cash on hand might be enough to get this done, **but until MAY can demonstrate a credible path to production, oil in the ground =/= $$ on the balance sheet and value for shareholders**. + +**In the short-term price will be decided by flows, stock catalysts, macro etc. Speaking of…** + +**If above didn’t get the vein in your temple pulsing, let’s talk about Zapato** + +**Zapato is the second well** in the two well campaign **and currently being drilled**. It is also onshore in block 9, targeting one continuous sheet and has **been estimated to contain** between 38 and 214mbbl of recoverable oil (MAYs share 13-65mbbl), with a mean estimate of **114mbbl (34)**. + +The target was identified in the same way as Alameda, using electromagnetic and gravity surveys. MAY's geologists claim there is a large anomaly they are targeting. Melbana’s geologists speculate this could be the ‘kitchen’ for the historic Motembo field that produced a high quality light crude. + +**AS of the last update (05 August) the drill was at approximately 1900m of 2600m depth.** + +|Objective|Chance of Success|Low mbbl|Best mbbl|High mbbl|Mean mbbl| +|:-|:-|:-|:-|:-|:-| +|Zapato|23%|38|95|214|114| + +Looks ok. Sure. About **two weeks ago the drill head got stuck**. Whoopsie. In the process of pulling back the mud weight and recovering the stem, **oil was observed on the shakers at around 1650m** depth… This is well above the target structure and portends very well. I’ll let you dig deeper, **I recommend the ASX notices.** + +This has already gone on a bit too long but let me just do a quick **bear** dot point **summary**. + +* ESG / climate stuff makes banks wary of funding new O&G projects. +* Angolan Oil Company, Sonangol has a history of corruption (pre-2017). +* Cuba has jurisdictional risk and lower safety standards (very recent fire at oil warehouse). +* Both drill holes have had delays. +* No flow testing was done at Alameda, another well is needed (however this would likely also be the production well at Alameda). +* Falling oil price could drag MAY down. +* Macro environment could go to complete shit, or simply favour risk off. +* Insiders have been buying and selling, with ‘tax time’ selling over the last 6 months. +* **Management fails to progress to production.** +* You'll find all this stuff in the ASX notices. + +All in all, the usual risks of investing in a small cap O&G explorer in a developing country. **Nothing to run screaming from in my opinion.** + +**In conclusion, if you like IVZ, you should consider MAY too.** I don’t acrually think this is better than IVZ, every O&G explorer is different. However, I will say that even at double the MC, **MAY is significantly derisked and undervalued** by comparison and can reward short term and long-term holders alike. NFA. + +**Positions: 500,000 shares at 11c. Still adding on dips.** + + +EDITS: Fixed the ouput table formatting, and some minor gramar. +My mom died and in a few weeks I will be receiving an inheritance of $49,250. +I am a 26 year old female about to start my second year of medical school. I am getting married in later this year and my fiancé and I own a house together. He makes $38,000 a year before taxes. Our finances are combined so I only take out loans to cover actual tuition for school and he pays all living expenses. + +We do not have credit card debt. I have roughly $95,000 in student loan debt and will have close to $200,000 by the time I am done with school. My fiancé has less than $5k student loan himself. + +I am planning to put $10,000 in a savings account as my emergency fund. This would cover 6-9 months worth of expenses. + +We just had a wind event in our city and are getting a new roof as a result from insurance, but we want to remove the giant tree in our backyard that isn’t covered by insurance. This will be roughly $5,000. This is a huge priority because it will give us peace of mind. + +I opened a Roth IRA when I was working full time after college. It currently has ~$5,600. I contribute $25 a month to it now just to contribute something while I am a student. My fiancé also has an IRA. + +With the remaining ~$35,000, I would like to invest but don’t know what the best course of action would be. My first thought is to max out both of our IRAs, but… then what? I want to be smart about investing the money but don’t know much beyond basic investment accounts. Any advice is much appreciated! + +TL/DR: wanting to invest $35k of my inheritance money. Not sure what options I should look at besides maxing out Roth IRA. +Background story: + +My wife had some money in the savings account. Her account manager from IndusInd Bank asked for a meeting to explain a new investment option. The person explained that it was a Tax Free investment for a 15 year period like PPF and would give a return of 9% which is higher than PPF. It seemed all good, they took her signature on a KYC form and cancelled cheque. I asked them about the plan details and they said they will share the next day. In my absence, they asked my wife to get an online verification as per procedure. The numbers weren't discussed at all. + + +After 15 days, we received the policy of Tata AIA details, I was a bit surprised since the policy was initiated with no discussion on the numbers. When I saw the policy details, the returns were 4.5%. I immediately connected with the IndusInd guys to explain this and I wanted all the calculations on mail. I got a half baked calculation sheet which clearly was showing 4.5% return. Now the policy had seven years of investment and cancellation had heavy penalty. I told them, it's not acceptable and you need to cancel this without any penalty. But they didn't have the authority to do it and it would also mean accepting their mistake. + + +Action taken: I contacted Tata AIA directly mentioning that this was a misrepresentation of facts. Thankfully they were willing to accommodate. In next two weeks I had interactions with Tata and IndusInd, their representative came over personally along with IndusInd. The IndusInd employees were unable to explain the numbers and after 3 weeks Tata AIA approved the cancellation with full refund. IndusInd employees or senior management were not at all responsive or helpful in this case. + + +Learnings: Don't make investments through banks, they have preferred vendors and they will oversell to get more commissions. They don't care if you lose or make money. + +This is my second such problem with IndusInd so I will advice everyone to stay away from them if possible. Their policy is to just make more money out of customers. + + +TLDR +Don't trust banks in my case IndusInd for third party investments. Specially warn the people around you who don't understand the calculations. Its better to make investments through good brokers whose fees are linked to your returns. That way they also work hard to get more returns. +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! + +I’ve been told trading is a zero sum game, if someone wins a trade then the person on the opposite side loses a trade. + +So if big banks and institutions (which control the fx market especially) are averaging to be profitable year after year, who’s not being profitable/being in a loss year after year? + +It can’t be retail traders as they make up a TINY TINYYY amount of the fx market, so who is it? +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 was recently talking to my dad about finding stocks that payout dividends and he told me that stocks usually payout 15% dividends, but said that 7% payouts would be pretty good for now. I went to check and saw that a lot of popular stocks have a dividend yield of 0.10%-3% , and stocks with a yield closer to my dad's estimates seem to be companies which stock value have been going down. + +So i wanted to know if dividend payouts at this amount is normal? +I’m in my late 30s. I don’t like my job, despite the fact that it pays well and the benefits are very generous. I don’t write code, it’s a different role - a much more pointless one. A paper pusher, if you will. + +So... + +1. Is it too late to start a completely new career? Something that doesn’t chain me to a desk filing out webforms? +2. Is there a consultancy service I can use to decide on an alternative career path? +3. Am I wrong to even consider this? It’s a lot of money. This is the highest paying job I’ve ever had, but it’s entirely pointless. Should I just accept it because “that’s life” etc? + +I don’t have any debt and my savings are enough to sustain me for ~2 years, in case I want to go to TAFE. + +Thanks. +Hi, I currently have about 90% of my portfolio in equities right now and 10% in cash. I do think the market is overvalued right now. I'd like to get down to about 60-70% equities. But I also think even at current rates the pound is overvalued too - international markets are not pricing in the coming UK economic crisis this winter. Anyone know if there's a cheap platform where I can hedge against the £ collapsing by holding some USD or a basket of global currencies or something? +I'm curious about what kind of background you all have: + +Did you go to university? Did you study finance there? + +Do you work in finance or do you do something completely unrelated? + +For how long have you been investing in stocks? + +And maybe if you are comfortable sharing: How much money do you have invested in stocks? +As the title says, I've inherited from a family member a large sum of money and I want to be wise with it. What is the best way to grow this money through real estate? I live in the city of Houston + + +>Our customers may choose to cease using our platform, products and services at any time, and may choose to transfer their accounts to another broker-dealer. +> +>For example, in the first quarter of 2021, **we saw an increase in Automated Customer Account Transfer Services (“ACATS”) out as a result of an increase in customers choosing to transfer their accounts to another broker-dealer.** +> +>In the first quarter of 2021, **total value of ACATS out was $4.1 billion, representing 5.0% of AUC, from approximately 206,000 accounts, as compared to the quarterly average for fiscal year 2020 of $0.4 billion**, representing on average 1.2% of AUC, from approximately 22,000 accounts on average. +> +>Other revenues ... increase of **$12.6 million primarily relating to ACATS fees charged to users for facilitating the transfer of their account to another broker-dealer.** + +[https://www.sec.gov/Archives/edgar/data/0001783879/000162828021013986/robinhoods-1a1.htm](https://www.sec.gov/Archives/edgar/data/0001783879/000162828021013986/robinhoods-1a1.htm) +Hey guys, I’m thinking about buying 100 shares of TSLA with my buying power/margin and selling weekly calls either at 80 delta if it’s above my cost basis or at the price I bought it at if it’s below my cost basis. Here’s an example + +Buy 100 shares at $1069, + +A) sell weekly covered call at 80 delta, so around $1130 for ~ $1200 premium + +If TSLA drops below $1069 the following week then, + +B) sell weekly covered call at $1069 to collect whatever premium is at the time. + +Is anyone currently doing this or something similar to this? +ARKK has dipped severely back to its price circa 2019. Despite this, if you look from 2016-2019, you can see that someone who had invested in the fund would have 3x their money. Wondering if anyone is still bullish on this fund for the future and if anyone is buying the dip. +ARKK has dipped severely back to its price circa 2019. Despite this, if you look from 2016-2019, you can see that someone who had invested in the fund would have 3x their money. Wondering if anyone is still bullish on this fund for the future and if anyone is buying the dip. +Back then, Bitcoin was dirt cheap, ETH was under $100, ADA under a few pennies. I've been watching the general human pattern in the crypto world and the crash we had a few weeks ago, and I'm fairly confident most people would not have put in a single penny to accumulate during March. + +It's true what the wise people say: "Watch what people do, not what they say". If you're truly trying to find patterns to make sense of any problem with human pyschology and the crypto world, follow that wise saying. This allows you to know a good time to buy or sell. + **UPDATED: February 12, 2021** + +Good morning Penny Warriors! Back with another play I just go into. I'm not a big fan of junior miners because I don't understand them enough but this company fixes my lack of understanding and are really a tech company. + +**Company**: GoldSpot Discoveries Corp. + +**Ticker:** SPOT.V, GDDCF on US OTC + +**Website**: [GoldSpot](https://goldspot.ca/) + +**Investor Presentation**: [PDF Download](https://goldspot.ca/wp-content/uploads/2020/07/2020.07.06-GoldSpot-Corporate.pdf) + +[SEDAR Link](https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00042957) + +Personal position: 26,800 @ average price of $0.375 + +**Share Numbers** + +* Market Cap: $34.57M +* Current Share Price: $0.395 +* Outstanding Shares: 94.7M +* Fully Diluted: 102M +* Ownership: + * Management & Employees: 14% + * Palisade Global: 14% + * Eric Sprott: 10% + * US Global & Frank Holmes, Triple Flag, Hochschild: 7-8% each + * Other (AKA you and me): 37% + * I’m adding this line because this breakdown is important! The big investors are not trading shares on a daily basis because this is a long term play for them meaning the float on this bad boy is likely closer to 35-40M shares so when it moves, it really moves. + +**Industry**: + +Mining exploration focused on using Ai analysis to locate gold deposits. They essentially offer data analytics of geological and GIS data to identify target areas for mining the desired element (mainly gold). This is their consulting service they offer but they also have an investment side to the company. I’ve broken them down below. + +Two key income sources (Percent of 2020 revenue) + +* Consulting Services (35%) +* Investments & Royalties (65%) + +**Consulting Services** + +They offer data analytics of the enormous amount of data that comes from mining exploration to narrow down the area of the gold search and minimize costs. They also have a new service called "Litholens" that can analyze old drill cores so even older exploration activities can be re-examined for potential. The company is consistently announcing new clients and these consulting revenues now cover all operating expenses meaning the company is profitable solely based on their consulting services. + +They have over 40 R&D products in development so their service offerings will be increasing as these are completed. The investor presentation has a much more in depth explanation of the technology they have and I’d suggest taking a look at it. + +**Investments & Royalties 🚀** + +Precursor: Probably best to learn how royalties in the gold mining industry works or the significance of this may be lost. Here’s a good example of [Gold Mining Royalties Explained ](https://www.sandstormgold.com/how-a-gold-royalty-works/) + +Now this is where it gets really exciting. The company essentially provides investment funding to junior miners who engage Goldspot to use their AI tech and create targets in exchange for shares and or royalties in these targets. Here’s a graph of the investment performance up to September 2020. + +&#x200B; + +[Investments](https://preview.redd.it/dmblol7xi2h61.jpg?width=1155&format=pjpg&auto=webp&s=ee8ec6928f4a1a6be2b8b6ed6b3c96a0583a4562) + +So basically Goldspot has the science/tech to give them an advantage in knowing which juniors will ideally be successful and invest accordingly. You’re investing in essentially a handpicked junior gold miner ETF with a huge advantage on top of a profitable consulting business. + +What’s not reflected in this graph is the Net Smelter Royalties (NSR) which Goldspot has in multiple promising gold plays which range between 0.4-2.5% NSR. So when these locations become operational and are producing gold, Goldspot gets a percentage of the revenue after smelting costs. These royalties can be bought and sold in the market and from what I’ve seen they don’t show up on the balance sheet until they are sold or bring in income. + +**Management** + +This is probably an area that could be looked into more but I’m assuming that the major investors like Eric Sprott and Palisade Global have done that and liked what they saw. There was apparently an insider sell off by some of management at some point in the past but that’s done with. + +**Debt:** NONE! + +**Q3 Highlights from November** + +* Three month net income of $2.96M (basic EPS of $0.03) compared to net loss of $1.36M in the same period 2019 +* Nine month net income of $5.86M (basic EPS of $0.06) compared to net loss of $4.15M in the same period 2019 +* Consulting revenue for the 3 and 9 month periods increased 111% and 108% respectively. +* Investment value increased by $6.07M +* $5.05M Cash on hand +* New clients during three month period: Firefox Gold Corp., AEX Gold Inc., Cassiar Gold Corp, Tembo Gold Corp., Cerrado Gold Inc., Quebec Precious Metals Corp. + +**Catalysts** + +* More contracts with miners and increased consulting income +* Continued increases in investment value (Look for this when Q4 results come out in March or April) +* Additional investments + +**Negatives** + +* The company will likely fluctuate with gold prices due to their exposure to juniors; +* To follow up on the previous point, investments make up a ⅔ of income at the moment which may not be some people's cup of tea; +* Average volume is relatively low at 155,678; and +* Gold isn’t a hype industry like lithium and other battery elements right now + +**Why should I buy this???** + +Because IMO it's got massive potential to grow, solid balance sheet, **disruptive tech**, profitable solely based on consulting, and a lucrative investment portfolio. + +As always, do your own DD! The info is all out there if you look. + +Someone else ( u/gehau ) did a much more in depth look at Goldspot 5 months ago with math, calculations and big words that were over my head. There’s some good info in the post and fancy pictures. + +[https://www.reddit.com/r/pennystocks/comments/iie7ab/goldspot\_discoveries\_dd\_inside/](https://www.reddit.com/r/pennystocks/comments/iie7ab/goldspot_discoveries_dd_inside/) + +Please feel free to add to this list and discuss! +**Introduction** + +Don’t get me wrong, AT&T is a very attractive security that has been paying consistent dividends for the past decade. I own a couple shares of $T myself and plan to hold onto them for the long term. I’ve seen a lot of recommendations for T stock thrown around in this sub, and while I do believe it to be a worthwhile investment, I think it’s only fair that we operate in the spirit of full disclosure. While AT&T may be a good investment, the fact still remains that the company is far from perfect. I would encourage existing holders as well as new investors to take into consideration the following information before making a final decision. + +The following is a DD that focuses on the leverage and competition surrounding AT&T and the telecommunications industry. Let’s set up a couple ground rules: + +1. This is not financial advice. I am not a professional. +2. Verizon, ViacomCBS, Fox Corp, T-mobile, are used for comparison within this DD. These securities, in addition to AT&T itself are what consists of the “average”. As evident, this is a comparison of the companies within the United States. + +**Debt/EDBITDA** + +Let’s start with the obvious: AT&T is highly leveraged. It’s debt/ebitda (measurement of a company’s ability to pay back debt: lower = better) is 5.18, compared to an industry average of roughly 3.90. + +* AT&T: 5.19 +* T-Mobile: 4.00 +* Verizon Comm: 3.85 +* ViacomCBS: 3.43 +* Fox Corp: 3.20 + +&#x200B; + +**Quick + Current Ratio** + +Furthermore, it’s quick ratio and current ratio are 0.37 and 0.82 respectively (higher = better, with the standard of roughly 1 and 1.5 respectively). From a creditors perspective, these ratios fall far below the acceptable range, and are an indicator of possible bankruptcy risk. + +(Quick, Current) + +* AT&T: 0.37, 0.82 +* T-Mobile: 0.53, 0.96 +* Verizon Comm: 0.84, 1.02 +* ViacomCBS: 1.47, 1.78 +* Fox Corp: 2.65, 2.91 + +What these ratios tells us is that AT&T, when compared to its competitors, poses a greater risk of defaulting on debt. The company's cash on hand, as well as its current assets, won't be enough to pay back its short term debt. Their current earnings before interest, tax, and depreciation/amortization also won't be able to pay back their outstanding debt in the foreseeable future. + +**Depreciation to Assets** + +This is very worrisome. AT&T's accumulated depreciation to NFA is set at 57%. Not only does this lower their future salvage value, it represents a large liability for the company in the long-run. Ratios are not currently available for other companies. + +&#x200B; + +**Is it really that bad?** + +Well, no actually. For example, AT&T has the highest profit margin out of the sample group (17.18% compared to an average of 15.96%. This may not seem high, but it is indeed the standard within the industry. $T is also the leading provider of mobile services, with a US [marketshare](https://www.statista.com/topics/1252/atundt/#dossierSummary) of 44.5%. Evidently, AT&T still manages to be competitive, both in the industry ([AT&T solidifies $175 million contract with government](https://www.fiercetelecom.com/operators/at-t-scores-175m-network-modernization-deal-u-s-dot)), and in [golf](https://golf.com/news/2021-att-byron-nelson-tee-times-saturday-round-3/) apparently + +&#x200B; + +**The Bottom Line?** + +AT&T is a good dividend company to invest in. The dividends are mighty tasty and have been growing consistently. However, one must not ignore the risks associated with the company. It is important to keep in mind that past and present performance is not a sure indicator of future success, especially if you're a long-term investor (which I am assuming you are). The purpose of this post was just to provide a better picture of the entire company relative to its competitors, and to offset the constant suggestions of buying AT&T without further context. + +&#x200B; + +This is a surface analysis of the various companies. There are many factors at play that influence the above ratios in which we have not yet accounted for. What I have presented here is my own analysis, and is not guaranteed to be fully correct. Please do your own research into the companies before forming a conclusion. + +&#x200B; + +**Now what?** + +Feedback! I would love to hear about your thoughts on my DD as well as on AT&T. I would like to open a discussion on the company and your thoughts on its performance. If there is enough interest, I will be more than happy to do a more in-depth analysis of the industry. +For those who reached C-Suite positions by growing up all the way from an individual contributor or middle management, did you hire personal coaches for Navigating office politics, dressing/attire, public speaking or any personality improvement tips? Want to know if their are services or coaches around who help polishing rough edges and see what flaws we don’t see in ourselves. If yes, what has been your experience? Any specific service or coach you’d recommend? How much did it cost? +Started with $20 in November now we’re here. Proof looks wonky because I resized it but here are the [unedited versions](https://imgur.com/a/uygVyZ0) :) + +&#x200B; + +[Updated Everything Bagel](https://preview.redd.it/lgwtjqam0dw81.jpg?width=360&format=pjpg&auto=webp&s=962f0c7b08346efcfc414ed7609813cdc4bbd12d) + +When I [first posted](https://www.reddit.com/r/GME/comments/qwuuj8/i_did_it_thought_i_was_too_broke_to_participate/) my $20 donut in the other sub, the community was very encouraging and not one person made me feel less than. In fact, several reached out to lend an ear, give advice and checked in on me from time to time. + +Ever since then I’ve been adding around $20ish a week into either GME or crypto. To avoid the CS $5 fee I’ve been doing partial shares on Fidelity > DRS. Plus Fudelity gives you $100 just for signing up :o + +# My Ape Journey + +I knew a bit about the Bets sub and heard some chatter about GME making people beaucoup dinero. I would see DFV posts when they hit r/all and seeing all those 00s I assumed the rocket had already left. + +Fast forward to this screenshot of a comment by u/NostraSkolMus hitting r/all in October and I realized that it was not too late. In fact: It was still early! + +[They screamed, I listened.](https://preview.redd.it/3g9hdzgq0dw81.jpg?width=454&format=pjpg&auto=webp&s=99f44ae2da72266b69797c787e336d9921981fce) + +I clicked the post. Started reading the pinned links (so many 😅), subbed and made my first CS purchase. + +Prior to that, I’ve never owned stocks, crypto, health insurance, had savings or anything other adults seem to have. My parents struggled in this country working multiple jobs each and living paycheck-to-paycheck. My ~~dumb~~ conditioned immigrant brain assumed that would be my life, too. + +You guys changed that for me. Now I keep up with the news (Reddit lol), watch financial channels\~ on YouTube and want to work towards a career in the crypto space. + +*It takes money to buy whiskey* but you can also squirrel it away and get something better. + +# Parting Words & Thank Yous + +Shouts out to u/RealPulte for the 3.25 moon tickets soon to split into more. I was very tempted to use the prize money to pay for other things so I bought the shares as soon as I could and pretended the money never even existed. Here's [Twitter proof](https://twitter.com/dofeydofe/status/1519698875023597573?s=21&t=hx_DTHZVwyQD4e0grp-HNg) (I'm not in the ape-sphere on Twitter so point me to some good follows) + +[Twatter](https://preview.redd.it/e3nev9fe3dw81.png?width=432&format=png&auto=webp&s=63d562be62ce49a9762afd4ce7f177b6b3dd2d08) + +This couldn't have come at a better time. I've been priced out of my hometown of 25 years and am looking to start somewhere fresh. The coming months are going to be interesting to say the least. I am reassured by my Purple Ring and I know this, too, shall pass. + +[Same but for a house or something 😂](https://preview.redd.it/2wr6gji44dw81.jpg?width=288&format=pjpg&auto=webp&s=77371c9891ed0e33282792b0354873743f146173) + +Thanks to all the beautiful apes for their kindness when I first joined this space. Thanks to the mods for granting me posting acces to share to a larger audience. Thanks to all the people who research and donate their time to write DD that I barely understand. Love you all. + +Apes together 🦧 +Hey guys, + +Frequent reader and occasional commenter; since I haven't seen this posted about too often, I thought I'd create a thread about it. + +If anyone has inherited wealth or will eventually, I wanted to know if you feel guilty about using it and enjoying the results of the hard work your parents/relatives put in? If so, how do you deal with it? + +The reason I'm asking is that my wife and I are in our mid-30s and have a combined net worth of \~$1.7M. Our yearly expenses are about $60k or so - we live in a VLCOL area outside the US and aren't extravagant. We will inherit an 8 digit sum combined from both families at a (much later) stage. Also, yes, I know a lot of people on this sub say don't bank on wills and inheritance, but it's a fairly safe bet at this point as we were part of the succession planning process. + +I made most of my money by working at a FAANG and holding on to every RSU from my grants. The remainder was from other investments. I'm at a crossroads where I do not want to stay at said FAANG and explore other career options, namely either founding my own company or working at the family investment/real estate business. + +On one hand, I'm tempted to stay on at the FAANG because it's a nice salary and my parents are proud that I haven't relied on them for a dime since college. On the other hand, I am fed up of what I'm doing and feel like I've gotten what I need to out of it. However, I may have to rely on part of my parents' cash flows in at least 6 months if I do strike out on my own - I have a number of long-term investments that I don't want to liquidate at this point. Even if I were to work at the family business, I'd still feel like I'm getting paid by my parents to work, which I'm not keen on as I feel like I'm free-riding. + +I'm really torn between doing what I think I'm good at and I enjoy doing, but feeling like I'm accepting a handout from my parents vs. sticking on to something just for the money. I know my financial position affords me some risk taking ability, but I'm reluctant to use it because I feel like I didn't earn most of it. + +Has anyone been in a similar situation before? If so, how did you deal with it? + +EDIT: I saw a downvoted post that was really strange in implying I wanted this money sooner than later by wishing bad things upon my parents. + +I nearly lost my father last year, which is why this post touched a nerve. To clear things up, I am merely asking this question because I am at a career crossroads and feel guilty about potentially relying on my parents. To suggest that I want something bad to happen so that I can get access to money is just plain wrong. Nothing could be further from the truth. I'd rather give up the money in place of an opportunity to spend more time with them. + +EDIT 2: Wow, I never expected to receive so many thoughtful responses to this post! Thank you all so much for weighing in. I will do my best to respond to each message. +Alright, I got my shitpost out of the way, and now a disclosure, I own this stock, I have an inherent bias towards wanting it to succeed, please DYOR, lithium is currently overvalued as a sector and there is absolutely risks involved with investing in anything that's pre production. Now: + +A week in review: starting with the sqiggles we've had some very positive movements. While the peak a few weeks ago saw us dip to the low 20's, the next peak and subsequent dip saw us level out around 30, with more seller pressure than ever while our MACD moves into the red and the down pressure from sellers increased, but this time the price below 30 was rejected, not once, but three times. + +What does this mean? Alot of sellers who bought in sub 30 have now sold and been replaced with a population of holders that hold in and around 30, giving us a neat little floor which has been tested and held 3 times now. Awesome. + +The Memeting (meeting) yeah this was pretty cool, but it must be taken with a grain of salt. We had ratification of a fair few allocations and some positive sentiment from ceo as well as the strong suggestion we will see the first battery results from NVX this coming week. + +We also got Roth captial coming out with its buy rating and price target of 60c. Now before you switch off and just spam rockets, these cunts are well and truely in our pocket, they have millions of shares and it is absolutely in their best interest to pump the stock, does this make it invalid? Absolutely not, Roth captial is beholden to many investors overseas and their ability to perform is based on their public perception, they can't just pump a holding and fuck off without damaging their business more than their coke filled investor stripper parties did (this is real, look it up). So while this is exciting and shows confidence, snort it with a grain of salt. + +ASX Investor interview: The Sneaky Peak. If you've watched the small caps interview or any other ones he's done, you've seen most of this, but, there was a sneaky suggestion from old mate Stephan that points to serious rocket fuel, a new hint that almost seemed like he shouldn't have said. Watching from 13minutes to about 14 he mentions what sounds like skipping the production process and sending the high grade lithium straight to other battery producing companies to bypass the construction period and generate income before they can produce their own batteries with Novonix, giving them a revenue stream PRE PRODUCTION. Is it garunteed tendies? No, but there was a smile and a laugh that was bloody infectious. + +Good luck in the week ahead, expect mad turbulence as the bulls and bears fight over the expected first wave of NVX results. As always, DYOR, hold your 💎👐 and I'll see you at Easter for our 1 dollar party then at Christmas for our 3 dollars boogaloo. +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. +This is the official $GME Megathread for r/Superstonk. 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+*Daily discussion threads are created at 4:00 a.m. EDT* +I crashed my brand new car while driving for GrubHub into a tree trying to avoid a deer, progressive won’t cover because I had my insurance on the personal option, I have 2 broken ankles and a severe laceration to my knee cap , small crack on my spine and concussion, I won’t be able to walk till at least august and since I need screws on my ankles I won’t be running so soon, I can’t make any monthly payments to anything since I can’t work due to my condition , I own 37k to the bank for the car and my next payment is July third, I don’t have money and i don’t know what I am going to do with my life now, what options do I have ? + +Updated 1: I was able to get from Grubhub proof that I wasn’t working for them between 2:40 pm and the time of the accident, also shows that I didn’t get any grub hub contribution. +Hello, after seeing multiple people's posts in this sub unaware that if your hours are reduced or if you have to self-quarantine, you may still qualify for unemployment, I've gone ahead and found every single state's unemployment website including any specific measures taken in light of the pandemic. + +[Alabama:](https://www.labor.alabama.gov/COVID-19%20UC%20Changes%20March%2016%202020%20News%20Release.pdf) Search for work requirement waived. + +[Alaska](http://doa.alaska.gov/dop/directorsOffice/covid19/) + +[Arizona](https://des.az.gov/services/coronavirus) + +[Arkansas:](https://www.thv11.com/article/news/health/coronavirus/arkansas-to-make-it-easier-to-apply-for-unemployment/91-7bc702a3-5c43-4f20-9bb1-be55633f252a) No waiting period to be approved. + +[California:](https://www.kqed.org/news/11806938/how-to-file-for-unemployment-in-california-during-the-coronavirus-pandemic)No waiting period, and if you're sick you can apply for disability payments immediately. + +[Colorado:](https://www.thedenverchannel.com/news/coronavirus/colorado-workers-affected-by-covid-19-closures-eligible-for-assistance) Reduced hours qualify, requirement to search for work waived. + +[Connecticut](http://www.ctdol.state.ct.us/UI-online/unemployedduetocoronavirus%20.pdf) + +[Delaware:](https://news.delaware.gov/2020/03/17/the-delaware-department-of-labor-expands-unemployment-benefits-to-workers-affected-by-the-covid-19-pandemic/)Caretakers and parents qualify, quarantined individuals qualify. + +[Florida](https://www.wctv.tv/content/news/Governor--Florida-workers-need-immediate-economic-relief-568874841.html) + +[Georgia:](https://dol.georgia.gov/blog/new-information-filing-unemployment-partial-claims-and-reemployment-services)Reduced hours qualify, no in person filing requirements. + +[Hawaii:](https://labor.hawaii.gov/blog/category/news/)Waiting period waived. + +[Idaho](https://labor.idaho.gov/dnn) + +[Illinois:](https://www2.illinois.gov/ides/Pages/COVID-19-and-Unemployment-Benefits.aspx)Requirement to search for work waived. + +[Indiana](https://www.in.gov/dwd/19.htm) + +[Iowa:](https://www.iowaworkforcedevelopment.gov/updates-and-resources-about-covid-19)Reduced hours qualify, caretakers qualify + +[Kansas](https://www.getkansasbenefits.gov/NewsAndUpdates.aspx?NewsID=77) + +[Kentucky:](https://www.wlky.com/article/unemployment-waiting-period-to-be-waived-in-kentucky-covid19-coronavirus/31665692)Waiting period waived. + +[Louisiana](http://www.laworks.net/PublicRelations/COVID_19_Information.asp) + +[Maine:](https://www.maine.gov/labor/covid19/) New legislation to expand unemployment currently pending, file now! + +[Maryland](https://www.dllr.state.md.us/employment/uicovidfaqs.shtml) + +[Massachusetts:](https://www.mass.gov/resource/information-on-unemployment-and-coronavirus-covid-19)Waiting period waived + +[Michigan:](https://www.michigan.gov/coronavirus/0,9753,7-406-98163-521770--,00.html)Includes parents and caretakers, work search requirements waived, benefit length extended. + +[Minnesota:](https://www.uimn.org/applicants/needtoknow/news-updates/covid-19.jsp)Includes parents and caretakers, includes people quarantined or exposed. + +[Mississippi](https://mdes.ms.gov/news/2020/03/13/novel-coronavirus-covid-19-response/) + +[Missouri:](https://labor.mo.gov/coronavirus)Work search requirements waived. + +[Montana:](http://www.dli.mt.gov/employer-covid-19-faq) Caretakers and quarantined individuals included. + +[Nebraska:](https://governor.nebraska.gov/press/gov-ricketts-issues-executive-order-loosen-unemployment-insurance-eligibility-requirements)Work search requirement waived, waiting period waived. + +[Nevada](http://ui.nv.gov/css.html) + +[New Hampshire:](https://www.nhes.nh.gov/)Waiting period waived, expanded qualifiers + +[New Jersey:](https://www.nj.gov/labor/worker-protections/earnedsick/covid.shtml)This state actually has earned sick leave through the state you can claim if you are quarantined or sick. + +[New Mexico:](https://www.dws.state.nm.us/COVID-19-Info)Reduced hours qualify, quarantined individuals qualify + +[New York:](https://labor.ny.gov/unemploymentassistance.shtm)Waiting period waived. + +[North Carolina:](https://des.nc.gov/apply-unemployment)Waiting period waived, job search requirement waived, in-person requirements waived. + +[North Dakota](https://www.jobsnd.com/news/dealing-covid-19) + +[Ohio:](http://jfs.ohio.gov/ouio/CoronavirusAndUI.stm)Quarantined workers qualify, waiting period waived. + +[Oklahoma](https://www.ok.gov/oesc/Claimants/) + +[Oregon](https://www.oregon.gov/employ/Pages/COVID-19.aspx) + +[Pennsylvania:](https://www.uc.pa.gov/Pages/covid19.aspx) Waiting period waived, search for work requirements waived. + +[Rhode Island:](http://www.dlt.state.ri.us/pdfs/COVID-19%20Workplace%20Fact%20Sheet.pdf)Waiting period waived, quarantined individuals qualify. + +[South Carolina:](https://dew.sc.gov/)Waiting period waived, job search requirements waived. + +[South Dakota:](https://dlr.sd.gov/ra/covid_19_ra_eligibility.aspx)Quarantined and sick individuals still eligible. + +[Tennessee](https://www.tn.gov/workforce/general-resources/news/2020/3/11/information-about-tn-ui-benefits-and-coronavirus.html) + +[Texas](https://www.tdi.texas.gov/wc/information/coronavirus.html) + +[Utah](https://jobs.utah.gov/covid19/) + +[Vermont:](https://labor.vermont.gov/covid19/covid-19-frequently-asked-questions)Quarantined individuals qualify. Earned sick leave is also an option for those who contract Covid-19. + +[Virginia:](https://www.governor.virginia.gov/media/governorvirginiagov/governor-of-virginia/pdf/Frequently-Asked-Questions-from-Workers-Regarding-COVID-19.pdf) Waiting period waived. Fewer restrictions. + +[Washington State:](https://esd.wa.gov/newsroom/covid-19) Paid family and medical leave, benefits for reduced hours. + +[West Virginia](https://workforcewv.org/unemployment) + +[Wisconsin:](https://dwd.wisconsin.gov/covid19/public/ui.htm)Work search requirements waived. Waiting period waived. + +[Wyoming](http://www.wyomingworkforce.org/workers/ui/) + +If your state has not expanded unemployment, please consider the following: + +* APPLY ANYWAY - the number of applicants may force the government to take action to deal with the financial burden in their state. + +* Contact your Governor's Office and request that he take action + +* Contact your state representatives (state government, not federal) and ask that they take action to push the governor + +* REMEMBER THIS at voting time next election if your state refuses to take action and vote in your state elections, not just the federal ones. + +I won't be able to keep up with any legislation changes on a state by state basis, it's just too much for me and I'm still (thankfully) working full-time, so I've tried my best to link to pages that should update if things change. Check your state government's website frequently for social programs started or expanded to help, including SNAP/WIC/TANF benefits, or disability benefits if you get sick. + +Edited to add: Thank you for all your nice comments. And thank you for pointing out I forgot Virginia, sorry about that, I had a long list! I also fixed South Carolina's link +I tried this a while ago, though I was throwing the money at options on robinhood, just to give myself something to do. Needless to say, it didn't work out. I blew a bunch of money and started smoking again just a few months later. + +Now, though, I feel like it's different. I'm honestly looking for a way to give myself a comfortable future. I'm a felon bartender with a useless degree, and the pittance of a contribution to my 401k my paychecks provide is just mathematically insignificant. What's clear to me is that I'm perfectly happy literally burning my money, so I shouldn't have any trouble spending the same amount on something with real appreciating value -- *my future well-being*. And Bitcoin, of course. + +Wish me luck. + +Edit: Y'all are giving me way more inspiration and encouragement than I was expecting. Thank you sooooo much. Monday is my official quit date and I'll keep you posted. + +Edit 2: based on a few people suggesting i buy *more* BTC *less often* -- due to fee structures I haven't figured out yet -- I'm going to do some research and come up with a more efficient method for buying than simply throwing money at BTC on Fridays, or whatever. Will update with maths and stuff. + +Also, thanks for my first gold, stranger. 😎 +According to a reporter with a contact in investigations, just now on CNN, his wife witnessed his death. I think until we know more, out of decency and respect, we should refrain from posts or comments for the next few days. We should not be conjecturing, especially considering the family has not issued a statement yet. (That I am aware of.) + +My opinion. +Here to learn, not to argue. +When looking back at Disney’s previous acquisitions, I can’t help but to think that even if they “corporatize” many of our favorite entertainment brands, those brands happen to still be cool and they happen to be much bigger than what we once saw them as. + +Look at Marvel. Ever since Disney acquired Marvel, many fans felt that Disney will ruin the brand and make it worse. While Disney “corporatized” Marvel, it has boosted the popularity of it. Even if it created more movies and more shows and even more literature for it, fans still love Marvel. + +And look at Lucasfilm. Many Star Wars fans felt that Disney would ruin the show. Next thing you know, you had the Rebels series, then The Mandalorian, then the final season of The Clone Wars, and soon, many more series. In the process, you had many great books come out for Star Wars fans and we even had many great movies like Rogue One, Solo, and even the final movie trilogy. + +If Disney created massive returns from “corporatizing” Star Wars and Marvel, I bet it can create bigger returns with The Simpsons, Avatar, etc. + +https://dissectingthemarkets.wordpress.com/2021/03/20/the-walt-disney-co-is-a-master-at-monetizing-entertainment-brands/ +Like everyone else, I'm finding that living in New York is getting too expensive and I'm thinking of relocating to save on taxes, utilities, and the cost of living! With the real estate market the way it is, I can sell my primary residence at top dollar ($1m +). What might you suggest for a place that is vibrant, has great health care, is easy to get around, has educational and cultural opportunities and lower taxes? I'm an active educated 60 year old and have been retired several years. Adult children live locally and looking for an affordable place to live, too. Thanks! +I'm not able to go to college anytime soon, so I wanted to know if online resources could provide an equal education with a graduate degree if I put the time into it? +I mentioned a couple times on this board about having some issues with a partnership that I was in. A couple members on the board asked me to share ... well, I'm finally out of it and want to share what I learned. Current NW is $5.5MM. Below is a lot of background on the situation. + +[https://www.reddit.com/r/financialindependence/comments/gn2mxx/retired\_26\_months\_ago\_lessons\_learned\_and\_ama/](https://www.reddit.com/r/financialindependence/comments/gn2mxx/retired_26_months_ago_lessons_learned_and_ama/) + +As a follow up, I mentioned in my original post 3 years ago, I bought into a small business. The last 7 months were pure hell. I finally sold my remaining position and thank goodness I'm OUT. I sold my shares at about 60% of the value but am happy to get out. Really happy! + +The short of it is that having a partner(s) in your business can make your life hell. If you're a minority investor, the majority partners have the right to vote for various things and could pad their own income, or change your role, or just screw the business because they're inept. But, even if you have controlling interest, you might have to buy the person out at a ridiculous price. In my situation, for 7 months, 4 partners tried to force me out because they did not want me to sell to an outside investor, nor did they want to buy me out at a fair price. By design, they made my life hell. And even though the true value of my shares was worth about 3% of my net worth, I nearly took nothing to sleep better so I could stop thinking about these aholes. Although expensive, I finally got a really good attorney and scared them with possible litigation before they came around and paid a decent albeit low price for my shares. + +Details --- + +I bought in and owned 49.9% of the small consumer product goods company that did $300K in sales with +55% operating margins... so the company made +$160K and was growing at +20%. I had 2 1/2 years of a lot of fun and then more business stress than I've ever had. Me and my original business partners (an older couple that started the business) sold 45% of the business to another younger couple. After the sale, I owned 30% of the business, the new younger couple owned 45%, and the original owners owned 25%. Our operating agreement was pretty standard/boiler plate. Unanimous consent to change anything directly listed in the agreement and majority votes for anything else. + +The young couple that bought in are very poor operators, control freeks, and integrity challenged. I spent 20 years at a fortune 1000 CPG company and they spent 20 weeks at our company and believed they knew everything. The male, 52 years old is also a middle manager in finance at a large auto company. The woman is about 35 and a career student. She routinely mentioned her large student loans and her ADHD when we were on friendly terms. About 9 months ago, I finally had enough and announced i was selling my shares and would exit the business. I didn't need this BS, the value was worth 3 or 4% of my networth. To sell to a non partner, you had to have unanimous consent. So, I figured the young couple would want to buy me out. I made the announcement and everyone thanked me for growing the business. I thought my shares were worth about $140K. The young couple offered me $30K. I said NO WAY and said I would look for an outside investor. The older original couple wanted me to sell the new couple because they believed I had "made enough and had enough money". They reminded me constantly that all four of my business partners would have to approve the new buyer. + +After I said NO to the low ball offer, the young couple and the original owners started passing a series of votes to enrich the themselves and reduce the margins of the company. Everything they did in the business was getting paid for and my accounting, finance, and managing contractors did not. Operating profit also drives the value of the business and they believed if they could weaken the margins and interested investors would shy away. The four of them (new and original couples) colluded in passing votes to change my role and their roles in the company as well. There was also standard clause allowing the other partners to kick someone out with cause. That clause said that if a partner did anything that embarrassed the brand or was unethical they could be kicked out. + +They tried hard to set this up. For instance, I made a minor mistake on the business taxes and that was turned into a series of emergency meetings. Luckily, our CPA agreed with me that it was a minor issue and easily corrected. + +After a couple of months I found an outside investor and he happened to be one of the business's passionate fans. He was somewhat friends with the original owners too. I gave him a good deal and he agreed to pay $128K cash for my shares. The partners denied the sale after sending him on cold calling missions and impossible tasks for an outsider to achieve. That wasted a ton of my time and my buyer's time. + +Finally, based on the success of the business and the profits being made the new couple upped their offer to $90K. Of course, I endured a bunch of bs to finally get to closing. + +If you're asking yourself, why would someone with a NW of +$5MM, be so stressed about $125K? The answer is, I really don't know ... I knew rationally, this investment was worth very little compared to my NW. But emotionally, I made this company a real business, grew it, and was getting screwed. I had a really hard time dealing with these aholes. Somehow, I FIRED and ended up in a crazy stressful situation. How did this happen? Getting into business with shitty business partners, that's how. Don't do it ... own 100% and hire out mgrs and contractors. You do not want business partners if you want to ensure your happiness. IMHO + +EDIT - I see a lot of great questions, i will try and answer them all. +Throwaway because people I know follow my public reddit. + +&#x200B; + +Ok - I would like to see if there's anyone that would be so kind as to explain to me the financial implications on me not buying a flat with my long time girlfriend. This is has become quite a point of contention with my parents and I, and I honestly just want to know the facts. My parents are telling me that if my girlfriend bought alone (as she would prefer), that this could potentially have very poor financial implications on me - potentially really rather dire ones, years down the line. I have very little working financial knowledge of the real world - I'm still at uni and have honestly never worked a day in my life. Apologies if this comes off a bit highly strung, but I'm looking for some information that I'm clearly missing but just won't be given straight - I am 100% aware of my ignorance and that there is much I likely do not know. + +&#x200B; + +Here's the context and financial situation: + +My GF and I are highly committed to each other - been together for almost 7 years. Love each other hugely - expect to get married in the coming years; want to spend our lives together. + +I am a final year medical student - will start working as a doctor in August time (I'll be earning \~28k, rising incrementally about 2-3k a year or thereabouts). I own a flat (worth £250k), which I bought after a family member gifted me a large amount of money. I rent it out for about £1k a month. + +My gf is from Spain and works in tech - earns about £45k; expect that to rise to around 50-60k over the next 10 years or so. She is settled here, having lived here since uni days - she has permanent residence in the UK now. + +&#x200B; + +My GF wants to buy a property, but wants to buy it alone. It would be the property we both live in for the foreseeable future. With a great deal of help from her parents, she would be about to buy a \~£450k property, with as big a mortgage as she can afford, effectively. + +We did discuss buying it together - I would sell my flat to put towards it and we would make sure that legally we are both fine (owning and contributing to the mortgage totally fairly etc) - but she does not like the idea of combining our finances at this point. I'm totally fine with the idea, but she fears that if something were to happen (who knows what life brings), and we split up, we would have to sell our combined property, and that just makes her feel a little uneasy and vulnerable given that she doesn't really have anyone in this county other than me. Me, on the other hand, I have my family here should anything go tits up and we had to move out of that combined house. That being her feeling, I'm totally fine with it - I see the wasted potential of us not buying together now, but it's a bullet I'm willing to bite for her peace of mind. We have ambitions of eventually buying somewhere together, that we both own and live in together - perhaps she would sell her place (that we'd be living in) and I'd sell mine - who knows when. Right now though - she wanted to buy a place that she owned, so that she could save on paying ridiculous rent prices. + +&#x200B; + +As far as I was concerned, the potential financial issues are: + +\- That I would be living in the property that she is financially benefitting from (she owns the property), yet I may get unnecessarily lumped with all the negative payments (bills, food) - so it would be all downside for me. We talked about this - we would make sure that all bills (not the mortgage obviously) would be split equally; so that she isn't getting all the upside and me all the downside. Perhaps there's something I still missing here though? + +\- that we are missing out the greater benefit of investing together to buy a bigger property; this is undeniably true. As above, something we're fine to missing out on for her personal security of mind. + +\- That should she buy alone, then we decide to buy together only 5 years later or something - that'll be a lot of wasted house moving payments of various kinds on her part + +\- That I will be paying a higher tax band due to the additional rental earnings on top of my doctor salary, which would obviously be negated should the value of my rental property be sunk into a joint property purchase. I don't really know the implications of this truly. + +&#x200B; + +It's worth mentioning, her parents are totally financially independent to one another; mine are the complete opposite. I don't really have much bother one way or the other - I just want us to be financially sound. My gf does want to remain entirely financially independent from one another, i.e. bank accounts and what not - this is fine by me. + +&#x200B; + +The way my parents are talking, it's as if there are some absolutely huge raging red flags that clearly me and my gf are utterly oblivious to. Neither of us are experts at all with finances, and this just seemed like a fairly reasonable decision for her to make. It seems to us that it might not be 100% ideal, and we could definitely do better in the long run by buying together now - but if someone could enlighten me I'd be over the moon. +Is this just how value investing is or do I just stink? I find companies that I think are great ideas and reasonable valuations, yet they just keep falling and falling and falling. I know Buffett and Munger say if you liked it at $50, you should love it at $25. But goodness, I feel like I’m always averaging down. Is this just how being a value investor is when you first open positions? They go red? + +Largest positions: +BABA +CPNG +HUIZ +ATVI +LMT +MRK + +It’s like the shit that is underpriced keeps going further down, but tech stocks just keep going up to PEs of 60-1000. This make no sense to me. How long does it take for fundamentals to play out? +Hi, so My name is rob From the U.K. and I’m 20 years old living with my mother. My partner lives with us too as she moved here to go to college. I’m currently about to finish my final year In college in graphic design. + +Right now I’m working at McDonalds earning 7.45 per hour and around 8k a year. The plan was to start my careers fully in a year or so when I can get the chance to. However my partner fell pregnant and I’m trying to sort my life out and nothing is seeming to go right. + +We can’t really get a house because we will struggle to move out and I really don’t earn enough money to pay the bills. I can’t find another job because of covid. Everywhere seems to be dead with jobs, I got a extended diploma in design now as I’m about to finish my degree however there are not really any graphic design jobs going around in the U.K. what so ever. + +I’m really scared and I want to be able to provide for my family. No jobs I’m looking at full time or part time seem to be getting back to me and or don’t pay any better than my current job. I have tried to freelance and I’m really good at design however the pay is so inconsistent and not a lot of money I’m struggling to make even 100 a month from it. + +I have no idea what to do and I really need to get a job that pays well. + +Please help! + +Edit: to everyone telling me to consider abortion, frick off. We are 23 weeks in and are very much happy with our decision to keep the baby. I didn’t ask for anyone’s opinion on this factor. Don’t contribute to the stigma of young parents, we are both very much okay with our lives changing and how we will have to become responsible for this baby. We have supportive families, we just wanted advice on what is right in the situation we are in. +Hi everyone, + +I posted about this [yesterday ](https://www.reddit.com/r/personalfinance/comments/9439ff/my_checking_account_was_compromised_and_its/)and didn't get too many responses, although luckily most of my financial issues have been resolved thanks to my mom's help. + +A short version of what happened: a 3k+ charge showed as pending in my checking account from my old university (**edit to add:** I didn't recognize at first that it was from my university and thought it was a random fraud as it didn't explicitly state the university name in the ACH debit description, and I graduated in 2016). I filed a fraud claim and my bank is in the process of investigating and closing my checking account. I called the university student accounts division and they have no record of that charge amount anywhere in their records for the past 2 weeks. The charge just appeared in my pending transactions overnight, and looked EXACTLY the same (same name, same origination ID, even the exact same dollar amount) of the tuition payments I made in Oct/Sept of 2015. I never used autopay to pay tuition and manually entered my account and routing numbers for each of the two semesters I paid tuition via e-check in 2015. I never ever authorized that they store my account/routing number. + +I'm wondering now about the repercussions of my account and routing number still being on the school's servers, and them debiting my checking account without any warning, authorization, nothing. + +I've spoken to the student accounts manager, but it seems the school is on lockdown mode to limit their liability, and they sent me back a very generic response. **Is there anything I can do?** I'm wondering if there was a security breach on their side and while I will be protected as my checking account is being closed, other students may be at risk also. The debit would have been cleared if I hadn't called the fraud department as it apparently raised no red flags. + +**Edited to add:** No one at the student accounts office is picking up the phone and I am not getting an email response either. + +**Second Edit:** I've just had a long conversation with the school's account manager and someone from their account processing department in the treasury office, and they were actually very kind. Apparently this has happened to many, many students in the past week and they are working hard to track down the error and prevent it from happening again. They've also offered to pay for any fees or anything I'll incur due to having my checking account shut down which is very kind of them. It unfortunately won't help that I can't access $6k of my own money (the $4k in my frozen checking account and the $2k direct deposit that bounced today) for the next two weeks, but they are doing what they can. Special thanks to u/ReallyGene for letting me know that ACH blocks exist!! + +**Final edit:** Thanks everyone for your responses, I read through most of them and some had very helpful suggestions moving forward. I**f I had known at first that it was the university making the charge and that it was just a billing error, I would not have initiated a closure of my account due to fraud**. However, I didn't recognize the charge until a few hours later (and combing through transactions from 3 years ago) and even when I did, I talked to the student accounts manager who said + +a) he had never heard of a the description associated with the charge + +b) they had no record of a charge in that amount being processed in the past few month and + +c) that they hadn't accessed my accounts for over 2 years (leading me to think it was truly fraud or a security breach for over 30 hours.) + +The Chase fraud team highly suggested closing my account because they would not be liable to return the funds to me if I kept this account open and this happened again. Thus my checking account is being closed. Currently it looks like all my funds are back, but I will need to visit a branch office to open a new, verified account and transfer said funds. So everything is ok, but moving forward I'll have 2 checking accounts and space out the bill payments over the entire month. Thanks everyone! +Since most of the comments about the coalition's policy to raid super seem to be negative, I was just wondering what would you do instead? + +I personally don't agree with the government's policy but I don't know what the solution is, would be interested to know what type solutions other people can think of. +Literally, sometimes I'm trying to explain all this stuff to my girlfriend or other friends, or reading other subreddits, and it just dawns on me, we're living in an alternate reality that the rest of the world hasn't even begun to catch up to. I have a good size stock portfolio and I follow some of the investing subreddits, and it's like talking to fucking dinosaurs, it's just crazy. They have no clue what it's like on this side of the fence. They're cumming in their pants over 5% gains, and we're all over here watching the future monetary system be built right in front of our eyes and making fortunes. + + +We're all part of something huge, watching markets and trading 24/7 together, it's just fucking beautiful. As a long time software engineer and someone that was always fascinated with trying to make money by my own means, this is my fucking wet dream. The fact that I can watch all of this go down in public, listen in on or participate in technical discussions, see all the code, it just blows my mind. + + +Consider yourself very lucky if you're here. You may be disappointed if you arrived later and your gains are not huge yet, but this is still very very very early days. We are still watching the foundations of the world financial system being rebuilt in real time. What a fucking time to be alive. +As mentioned previously, I'll be picking a random ASX stock that I've (personally, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - for us to discuss per week. + +This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. + +Think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company. + +The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit. + +The only other criteria is that the share price has to be under $2. + +So, without further smug explanations: + +\_\_\_\_\_\_\_\_\_\_\_ + +# Random ASX Stonk of the Week - Week 3: + +**Company name:** Gale Pacific + +**Ticker:** GAP + +**Industry:** Manufacturing + +**Headquarters:** Melbourne + +**Market cap:** $94m + +**Current share price:** $0.62 + +**P/E ratio:** 8 + +**1-year Performance:** \+126.67% + +**What they do, smoothbrain version:** provide boomers with shade sails and cancer protection they can use to cover their unnecessarily big pools + +**What they say they do, wanky version:** *"Our vision is to be the leading provider of innovative and practical products that protect and enhance the environments and lifestyles of our customers."* 🍆👋 + +**What they do, actual version:** You're *possibly* more likely to know Gale Pacific by their retail brand Coolaroo ([https://www.coolaroo.com/](https://www.coolaroo.com/) free advertising, fuck you, pay me GAP) I assume particularly if you're over 50 years old, which specialises in the manufacturing and installation of shade sails, cloths, blinds, umbrellas and other shad-y dealings. + +These come in such innovative product names as "rectangle", "triangle" and their latest release "square" (tm), with their main selling point being a high grade level (95%+) of UV protection. Their commercial arm is also a significant generator of revenue, in which their focus is mainly supplying protective fabric and knitted shadecloth to the agricultural industries, e.g to protect grain from excess sun damage etc. + +Their materials are also claimed to be highly fire-retardant, which I only included in here because it contains the word "retard" and, well... look where I'm posting. + +The company is based in Melbourne, but has global operations, with manufacturing & offices in the USA as a major market in particular but also NZ, Europe & the Middle East having smaller pieces of the shade-draped pie. + +**What looks good:** + +* Their most recent financial update saw a massive increase in revenue and earnings figures, with revenue up 70% over the previous year, and profits after tax up a ridiculous 330% on the back mainly of big jumps in sales in Australia & the USA. + +* They make a specific note of saying that these numbers were achieved *without* receiving any JobKeeper payments + +* The general theory here goes, if you believe "consistently hotter weather = more shade required", and "more shade required = more $$ for these guys". In essence, investing here is sort of a hedge on investing in weather, and perhaps global warming in general. + +* Their jump in retail US sales came on the back of partnerships with a bunch of major retailers including Amazon, Home Depot, WalMart etc. giving them some pretty soid distribution. Here in Aus, Bunnings is their major retail point of sale. + +* Healthy ratio of equity to debt; they've made a solid effort to pay down a large chunk of recent debt and now have nothing major to be concerned about. + +* They're working on expanding their product range, and have launched a range of blinds to try and capture more of the "interior" and not just "exterior" home improvement markets. + +* They pay a small-ish dividend for a few extra coins, if you're into that. + +* They'll probably see strong figures for their end of FY report coming up, which means if you're willing to hold on for a few months you may see a spike in the share price. + +**What doesn't look good:** + +* This recent massive revenue spike reeks of a "Covid-19 Home Improvement Boom" anomaly, in which people who couldn't travel or spend money elsewhere decided to add a shitload of extra shade sails to their home instead +* They make a specific note of saying that this was their "first positive first-half cashflow result since 2015"... while this is likely because their bulk of projects happen in the hotter Aussie seasons later in the year and the increased US activity helped balance it out, it's still not something I'd be wearing as a "badge of honour" personally... +* Their commercial sales go hand in hand with the size of the grain harvest season in each country, and are thus subject to seasonality and other things outside of their direct control. +* They attempted to bandwagon and launch a line of re-usable face masks called GALE GUARD which apparently flopped massively, wiping off a potential $2+ million in extra profit. +* Has been some insider buying in the past, but not for around 6 months. Also some recent activity by one executive member to shift his holdings around that looks a bit dodge. +* Their CEO is only new-ish; this may be a good or bad thing given their repeatedly mentioned aim to branch out more into e-commerce, look at additional supply chains, etc. + +**Overall rating (strong buy/buy/hold/avoid):** this one looks like a company whose stats were wildly inflated by global events that combined for a "perfect storm" of people blowing extra cash on home improvement. While it has solid fundamentals, it's doubtful such a major period-on-period increase is likely to occur again as the world starts to recover and look to spend cash elsewhere beyond the home. + +I would say HOLD if you already have it, until FY results approach. + +MarketIndex page: [https://www.marketindex.com.au/asx/gap](https://www.marketindex.com.au/asx/gap) + +Feel free to add more DD/comments below. + +Would you buy this stonk? Why or why not? Feel free to vote in the poll. + +Link to previous Stonks of the Week: + +[https://www.reddit.com/r/ASX\_Bets/comments/lyojgx/random\_stonk\_of\_the\_week\_mcgrath\_mea/](https://www.reddit.com/r/ASX_Bets/comments/lyojgx/random_stonk_of_the_week_mcgrath_mea/) +[https://www.reddit.com/r/ASX\_Bets/comments/ltbpmi/random\_stonk\_of\_the\_week\_empired\_epd/](https://www.reddit.com/r/ASX_Bets/comments/ltbpmi/random_stonk_of_the_week_empired_epd/) + +[View Poll](https://www.reddit.com/poll/m3tllz) +Hey everyone, I am 20 yrs old and trying to plan for my future by creating multiple streams of income so I can pay off my debt and really begin to invest. The problem is im not really sure how to make that possible. Right now i do door dash while im looking for a decent paying job and once I find one that’ll be 2 streams of income but I wanted some advice on how you guys build streams of income? There seems to be so many options I’m not sure where to start. I’d love to tutor on the side but I’m not sure where to start. Thank you in advance ! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +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) Last ban length: 1,048,576 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +We’re not. Plain and simple. Anyone who frequents WSB knows this. + +This means whatever media source is indicating this to be the case is a sellout and their credibility should be in serious question since they either 1) don’t do their due diligence, or 2) are okay with getting their strings pulled to be used as tools by the wealthy to manipulate masses. + +If there was any doubt of these hedge fund’s influence and manipulate, this whole “WSB going silver” just put that conspiracy theory to rest and only does more to confirm that the game has always been rigged against the average person. + + + +**Edit:** You know what would be AMAZING?? This was an idea already thrown out there, but if the mods could use twitter (and by pinning a statement on this subreddit) to invalidate the silver BS... That would be SUCH a great fucking move. Maybe a message like **"There is no sentiment among WSB members to buy SLV stock and the little that exists is under scrutiny of WSB members"**. That would just slam the door on any sources propagating that false information and call them out on their BS (because it's just so obviously untrue). It would also make it clear for those checking the credibility of this fake news that the silver hype is a fabrication by variables outside of WSB and inform them of how convenient it is for hedge funds if people pulled from GME, and supported a stock they own massive shares of. + +This goes without saying that I'm holding GME till the very end. Given how the media and some brokerages have gotten involved (and in a not so subtle way that benefits the hedge funds), it's not even about the money anymore. And that's coming from someone with student loans who stands to profit by exiting right now. Money comes and goes, but getting to witness firsthand just how rigged the system is and knowing **who's** involved in keeping people in line is just something you can't put a price tag on. +Hello all! + +&#x200B; + +Just started "algo trading" a couple of months ago. Haven't taken anything live yet, mostly just playing around with backtests using a backtesting framework in Python. Nothing I've done has been remotely close to beating a "buy and hold" strategy even without accounting for commissions and slippage. I have a background in physics, and mostly got into algo trading because I miss doing math and data analysis, and the possibility for profit makes it easier to justify spending a Saturday on my computer. + +&#x200B; + +However, I still maintain the "delusion" that at some point a novice retail algo trader can make a worthwhile profit. The stock market goes up and down, just buy low and sell high right? How hard can it be? :p + +&#x200B; + +A lot of the information on this sub (including the recent thread about the guy who quit after 5 years) seems to indicate that it's not that simple. What am I missing here folks? Honest opinion, how realistic is it for someone with no financial background to make a profit algo trading from home? Help me see past my delusions of grandeur, roast me for my naivety, etc. I'm curious to see what the consensus is out there. +Home rental company Airbnb is aiming to raise around $3 billion in its upcoming initial public offering, people familiar with the matter said on Friday. + +Airbnb said in August it had filed confidentially for an IPO with U.S. regulators. + +Airbnb will be one of the largest and most anticipated U.S. stock market listings of 2020 which has already been a blockbuster year for IPOs. + +https://www.cnbc.com/amp/2020/10/02/airbnb-seeks-to-raise-roughly-3-billion-in-ipo.html +A lot of people on this sub are struggling. But I see the most generosity and kindness on this sub than in any other finance sub. + +I swear, when I visit personal finance, it's shocking how self-involved so many of the posts are. These are people with very high net worths. +Someone actually said once to me 'you don't get rich by giving it away'. + +Fair enough, but do you want to spend your life clutching at your wealth, so afraid to lose it, and that's all you end up valuing anymore? + +Most of the posts are just spewing numbers, people one-upping each other... + +The smugness of someone who has more than they need so screw everyone else is a theme in a lot of finance forums. It really sucks because there's good knowledge there too, but the smugness...the arrogance just weighs so heavily that I can't stand spending too much time there. + +It's strange how so many people feel they don't have enough, when they have a lot of wealth. In that mindset, I guess it justifies them never giving back or helping the less fortunate because there is no end-point for them. If they have 1 million, then they need 2 million really, for retirement to be realistic, don't you know? + +But I know here there's more people like me...if you make it out of poverty, you give back. You just do. Because you know what's it's like and what it felt like when someone helped you. You can't let wealth strip you of humanity, it's a bad trade-off 😔. + +Sorry about this post, it might be wine-induced. +A friend of mine recently declined a pay raise because he believes that the higher income would somehow result in him making less money due to taxes. I didn't get into too much details with him, but he mentioned this is a result of Earned Income Tax Credit. I know the US tax system is based on marginal rates and there's no way you can "earned less by making more", but is there ANY validity to his thinking? Is there any way you can loss money by earning more or vice-versa? + +Edit: Thank you all for your thoughts and opinions. All of you were very helpful. I think I may suggest that my friend speak to a tax professional or a CPA. I agree with (most) of you that an increase in income likely won't negatively affect him. + +Edit2: Okay here's what I learned today, and I hope some of you don't have the same thoughts as my friend; + +1. You can't lose money from taxes by making more (marginal tax system). + +2. You can't lose money from Earned Income Credits by making more. The system decreases from a max at a rate of $0.07 per $1.00 earned. + + +3. You don't lose money by working OT. OT is taxed at the same as regular wages.Your company is probably calculating your tax withholding wrong. + +4. It takes a VERY unique situation that is heavily dependent on government benefits to "lose money by making more". If you think this is happening you should consult a tax expert. +So let's see. Ethereum has the developer mind share. The most sophisticated developer tools. Enterprise adoption to the point of a global standard in technology. The most transparent and successful development plan than any other currency. **And a historical scaling solution that can literally make ETH the token of web3.** + +And the market remains silent. + +Hilarious. +EDIT: For reasons I can't mention, I had to remove this post. There are larger forces at play, bigger than me or anyone here. Remember to do DD and invest in whitepapers for long term, shills for short term. + +A correction is coming. Invest wisely, godspeed. +My husband and I are saving a ton of money right now so that in 4-5 years we can pay cash for a house. He is very risk averse... me less so but still fairly risk averse. It sounds really nice to have a fully paid off house, to only have to worry about taxes, upkeep and utilities. + +I have seen a lot of people online saying that it is a really bad idea to pay cash for a house, that it is better to get a mortgage and invest your money in something else. BUT... I also see people really excited that they got their house fully paid off. Or people celebrating that they can pay extra payments towards the mortgage. + +It just seems like these two things are contradictory. Everyone seems to want a paid off house, but people say I shouldn't just pay for it all at once. + +Please explain or discuss. +My first year of college I lived with my dad, so it naturally made sense that I would be declared a dependent in my taxes. However, in the years that followed, I lived in another city, working my way through college, and I was still being asked to mark myself as a dependent. + +I look back on this fairly embarrassed. Let me know if any of the following assumptions are incorrect: +- Claiming myself as a dependent meant I was disqualified to receive the American Opportunity Tax Credit; something that would have sincerely helped me begin to pay off my already astronomical student loans. +- As a result, my dad received extra money—of which I never saw. I continued to support myself without any help from him. + +I think what really stings is that, despite getting thousands of dollars from the gov. that could have been sent my way, my dad also had me pay for my own car insurance. I genuinely don’t mind paying this yearly amount; what I do mind is whether he was receiving money that should have been mine, while also asking me for MORE. + +If I have completely misjudged the situation, please let me know. I’m not fantastic at understanding the process of filing taxes. It’s only been in the past year or so that I’ve looked back and wondered whether my filing as an independent “dependent” was in my best interest, or whether I was naive to trust my father. +This post goes to all of you who’ve been around for about a month, weeks, days or even hours. + +Ok, so after reading and hearing about this digital money thingy that magically grows on its own making everyone rich overnight called Bitcoin and confirming you don’t have to buy a full coin for like $16,000, you’ve decided you want in. You setup your Coinbase account, gave almost all your personal and banking info, plus a photo, your ID and your credit card to a complete stranger and bought a fraction of something you barely understand hoping it will somehow turn your hard earned money into a fortune someday. But it looks like you’re going nowhere, because as incredibly fast as BTC grows, right now it would need to go from around $16,000 to $32,000 just to turn your $300 investment into $600 and that’s far from the huge profits you thought you’d be making in a few months. + +So... you read there’s this other thing called Alternative Crypto Coins or Altcoins for short, and people say many of them are incredibly undervalued, meaning that they haven’t been pumped in price yet so these Altcoins are the key to making it big for small investors like yourself. What happens when you decide you want to invest in Altcoins? Well, the main problem is that there’re more than 900 different projects out there and at least 100 of them can be considered somewhat “serious”. Then, how to decide which ones are worth your money?? Well, the main advice people gave newbies mere months ago was to read a lot, understand each project, visit forums, read whitepapers, check market caps, coins in circulation,join communities and decide for yourself. + +And you may think: “I came here for the easy magic internet money and now I have to spend weeks reading things I don’t understand to decide if I should invest on a project that may or may not explode in price months or maybe even years from now?? No thanks. There has to be an easier way”. + +And you decide it’s best to just check a few subreddits like this one and see what people are talking about. Ignoring all previous posts making exactly the same question you start a new thread asking everyone where you should put your money. And I don’t blame you. I’ve been there too. I know what it feels like to have your money ready to invest in anything and you just need someone to point you in the right direction, no matter which one, but fast because people are making money out of this and you don’t want to be left behind. So let me be the first one to say: OK. Go ahead and trust your money to a complete stranger on the Internet who’s telling you to buy as much as you can of this coin you’ve never heard of, but it’s going to the moon in a matter of days. It’s ok. You have to learn how this market works one way or another. Maybe after making your first few investments you can take it more slowly and start actually reading about this amazing new technological environment that’s the blockchain. Maybe after that you can make better personal decisions and even put your money behind a project you really find interesting and worth it. + +I’m just going to give you one little piece of advice. When you’re reading posts and this guy comes and says “You should be all buying this coin because it’s got a great team behind, a serious project a real world application...” and all that, please, take your time to, at least, check that user’s history and profile. It will only take something from minutes to like an hour max and you’ll find out how long they’ve been redditors for, what other people think about them and their comments and posts, if they normally give good advice, if they’ve been right before about other coins, if they’re normally upvoted and therefore have a high karma... After all it’s your money and you shouldn’t just give it away without having at least a basic idea about where it’s going or if you’re just being used by some guy who just wants to dump his bags of shitcoins on gullible newbies. + +Happy Hodling!! +https://www.wsj.com/articles/fed-stress-test-finds-u-s-banks-healthy-enough-to-withstand-the-coronavirus-crisis-11593117020? + + +For now banks seem to be healthy enough but if this stretches out for another year, the article said banks could see a 700 billion dollar loss. + +The fed is also preventing banks from buybacks to preserve capital. + +Thoughts? +Per [Reuters](https://www.reuters.com/world/exclusive-us-plans-cut-ties-with-targeted-russian-banks-if-ukraine-is-invaded-2022-02-21/) (2258 EST): + +>The United States will also wield its most powerful sanctioning tool against certain Russian individuals and companies by placing them on the Specially Designated Nationals (SDN) list, effectively kicking them out of the U.S. banking system, banning their trade with Americans and freezing their U.S. assets, the same sources said. +> +>The sources said the package could change up to the last minute and it was unclear who the targets would be. However, they believe top Russian financial institutions including **VTB** Bank [**(VTBR.MM)**](https://www.reuters.com/companies/VTBR.MM), **Sberbank** [**(SBER.MM)**](https://www.reuters.com/companies/SBER.MM), **VEB**, and **Gazprombank** are possible targets. + +The implications are significant, given that VTB, Gazprombank and Sberbank collectively represent over 40% of the Russian economy. UK Prime Minister Boris Johnson, in meetings with President Macron of France and President Biden of the United States, has also introduced the [possibility of similar sanctions](https://www.bbc.com/news/uk-politics-60448162); Russia could be cut off from two of the three Central Banking currencies if they invade Ukraine. + +Russian markets closed down -4.3% on Friday, 18 Feb, though U.S. futures rebounded slightly Sunday evening after news broke of a proposed summit between Putin, Biden and Macron, provided Russia does not invade Ukraine. +* Nowadays most magazines have full fledged print and digital editions +* I don't know about tv channels, but many, if not most. magazines have a price for thei cover stories +* To give an example, I can pay 50K and get featured in a full story on 'India's Most Trusted Financial Consultants' ! +* No, this is not a joke... +* These stories also get turned into award functions with additional 'sponsorship' +* If you see these magazines in a newsstand, you won't be able to realize that the stories have been 'sponsored' + +TLDR: Read any of the 'best' lists and awards with a pinch of salt +I don't have a degree and can't really afford school on my own right now. I want to start somewhere as entry level If I have to and work my way up. I'm very driven and hardworking and I feel like if presented with something new I can figure it out and even make it better over time. My skill set is in mechanics, welding, planning and problem solving but I'm wanting to get away from the manual labor industry and into something a little more along the lines of a white collar job. + +I've been most successful the couple of times when I was able to lead crews or manage people but I either had to move for personal reasons or quit the job because they wanted me to move around too much. My current employer has made it very clear that once hired here I'm my department (industrial mechanic) there is no room for growth. That the only potential I have here is to be the best mechanic I can be. I'm not ok with that. + +I really want to get away from manual labor and start anywhere really I just want the potential for a well payed position to be available to me provided I work hard and make intelligent decisions along the way. I see all the guys I work with now and they're beaten down, stressed and you can tell the years of this have been rough on them. I don't want to be that guy. I also workout a lot in my free time it's kind of my passion and these physically demanding jobs really take away from that. I guess what I'm looking for is suggestions on where to start looking. I'm currently taking home $2,800 USD a month after taxes, 401k, insurance and all the other deductions. It's not a lot by any means but I've gotten comfortable with it. My previous jobs were closer to $2000 so I like making that little extra. + +Ideally I'd like to be taking home 4k a month within the next 5 years but I can't do that here and I don't think I can within this industry. I would appreciate some advice on where I could start looking. + + +Edit: I want to thank everyone that has taken time to respond to this post. There is a lot of solid and helpful information in here. I'm not ignoring everyone just currently at work and trying to catch up with this when I can. Bear with me guys and gals. Thanks again! +Been working with a broker on a piece of property. She provided a pre-approval, then later a loan estimate after my offer was accepted by the seller. The closing costs on the estimate seemed very high, so I checked with another broker and got a LE with $1,700 less cash to close at the same rate and terms. + +I went back to the first broker with this info asked what we could do to bring the costs down, and she was very upset. Acted like she’s never faced competition in her umpteen years of doing this. + +It’s one thing if this is 1700 amortized over the mortgage. It’s a chunk of cash at close that would otherwise go to furnishing the rental. + +Am I the asshole here? + +EDIT: do need to add there is currently an appraisal ordered not yet performed that she has paid for. I don't expect her to eat that cost. +&nbsp; + + **Massive Updates from SafeGem Finance** + +&nbsp; + +- **SafeGem** got listed at **CoinMarketCap, CoinGecko** and **Stocktwits** and has been trending on the sites. + +&nbsp; + +- Apart from the NFT Platform, the devs have announced **SafeGem's Product Ecosystem which includes;** + - **SafeGem Crypto Education App** to educate and motivate crypto enthusiasts where they will be able to learn basics of trading to testing real market conditions. + - **SafeGem Mobile Wallet** to hold native tokens **$GEMS** + - **NFT Marketplace for Charity** to **Human Rights Foundations** + - **SafeGem Crypto Verse:** A comic series covering important news from the crypto world! + +&nbsp; + +- **Total facelift for the brand:** new designers, new logos, new website! +- **NFT Launchpad progress** First **NFTs minted** that will serve as digital certificates for GEMS +- **Business case validated** by **top jewelry and precious stones dealers.** + +&nbsp; + +**From the devs**: “We worked really hard since launch to deliver on all fronts. All elements of the SafeGem ecosystem are being worked on, while keeping close contact with the community!” + +&nbsp; + +Past 24hrs have been massive for SafeGem, as more people have realized its potential and absorbed by the transparency of team. The team has been active in voice chat with new investors discussing the future of SafeGem. +- 23,000 Holders!! +- $19m Mcap [ATH achieved $29M] +- Volume of $4M+ %24h +- Trending Token of all Newly listed tokens on CMC and Gecko + +&nbsp; + +**Project summary and features** + +&nbsp; + +**SafeGem is a deflationary, yield generation protocol, with a validated real world usecase**, that holds the key to revolutionize an entire industry, by providing an **innovative authentication procedure for jewelry and precious stones in the blockchain through NFTs.** The SafeGem team is targeting top jewelry and precious stone dealers, and their business strategy is detailed in their [**latest medium article.**](https://safegemfinance.medium.com/safegem-updates-and-business-case-70d3569e3283) + + +&nbsp; + + +**Additionally:** + +Besides their NFT Partner Portal through which they will collaborate with the +biggest jewelry distributors, they are also building an **NFT marketplace that will allow artists to upload various NFTs created for sale or bidding.** They are also currently working on a SafeGem crypto-verse comic strip series that will impersonate other crypto coins as characters, incorporating relevant news and sentiments from crypto culture. A sneak peak of the ecosystem was revealed not long ago [**in this tweet.**](https://twitter.com/safe_gem/status/1393973819262619650) **The income from the sale of these NFTs will be used to support families that have been negatively impacted by the blood diamond fields in Marange, eastern Zimbabwe.** + +&nbsp; + + +**WHAT ELSE IS SAFEGEM OFFERING:** + +&nbsp; + +- 6% Holder Redistribution +- 5% Burning percentage of each transaction +- MaxTX anti dump protocol +- Multisignature marketing wallets locked for 60 days with gradual unlocking procedure +- Collaboration with CryptoZeus this week!! +- Professional Dev team with more than 10 years of experience in blockchain, software development, marketing and operations! +- Undervalued and Undiscovered by majority of investors +- High-level team engagement +- A long term utility project that will shelter you amidst chaotic shitcoin market + +&nbsp; + +&nbsp; + +**Links:** + +&nbsp; + +- Website: https://safegem.finance/ +- CoinMarketCap: https://coinmarketcap.com/currencies/safegem-finance/ +- CoinGecko: https://www.coingecko.com/en/coins/safegem +- Stocktwits: https://stocktwits.com/symbol/GEMS.X +- Reddit: r/SafeGemFinance +- Contract: 0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 +- Chart: https://charts.bogged.finance/?token=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 +- Medium: https://safegemfinance.medium.com/ + +&nbsp; +Planning to overhaul my existing portfolio after realizing that beating the market is no child’s play, and trying to do that with a fulltime job and no investing education is extremely difficult. + +Planning to build a portfolio with S&P500, VTI, QQQ, ARKK, ARKF + +I understand ARKK is super volatile, and is not done going down yet, but the idea of the etf is sound. It has built a strong portfolio over time, which I think might outperform the market in the next few years, though all of it comes at extreme high risk. + +How does a 25% QQQ, 30% VTI, 25% SP500 and 20% ARKK, ARKF sound? + +How does that sound? + +Edit: should I also invest a part (10%) in Bitcoin? +What do you guys think about adidas stock? The company is down 44% YTD, which is lower than at any point over the last 5 years. + +Running a very quick DCF, I came up with an intrinsic value around 180-200€, compared to today's closing price of 143€ in Germany. + +The balance sheet looks solid; P/E is currently at around 14. + +Problematic however for the company are the issues with their CEO leaving, while there is no immediate followup and also the China business, which declined by 35% according to their last HY report. + +So would you see adidas as an interesting opportunity or maybe even value trap? +What is the point of having a list price and secret offers and such. why not just list every house as an online auction? Wouldn't that net the highest price and establish the fair market value. Wouldn't that make agents even further obsolete? +I am BRAND NEW to the stock market and would simply like to know the best (easiest) way to get my foot in the door and start investing. Any and all advice would be very helpful. Thank you! +Hi, I've recently become interested in economic theory and its influence on shaping the world we now find ourselves in. I am very much new to the subject with only a basic understanding of monetary and fiscal policy. But I want to understand it all intimately. I'm currently reading why nations fail which deals with general trends in economics but doesn't delve into a ton of detail. My question is this. Is there a recent book (preferably from the past decade) that could give me something close to an academic level of understanding regarding economics in the past century. I'm will to read very long, very dense books. Is there a best starting point? If there's not one catch all I'm willing to take on a few. Thank you so much in advance. + + +Edit: it may not be relevant but I have no aversion to math. I have degrees in physics so if something is very math heavy that isn't necessarily a deterrent for me and in fact may be preferential. I just really want to understand the concepts instead of having them explained to me. If that makes sense +Roomates can be nasty, filthy, and dangerous. If your roommate brings home strange men and you come home and there's random dudes in the house, that's not safe. + +There are women who have been killed by their roommate's boyfriends/thugs they met at a bar. + +I had roommates who could not flush a toilet after themselves and would overflow the trash and refuse to take it out. i had to come home from work and clean up after them. + +&#x200B; + +There's also a chance they refuse to pay their share of the rent, and then you are responsible for 100%. + +&#x200B; + +edit: + +Here's another fav of mine: the roommate that left poop and menstrual blood on the toilet seat, snot in the sink, food in the bathroom smeared all over, and left an open used diaper in the trash without covering it or hiding it or taking out the trash. +I don’t know what else to say besides what’s in the title. How do a bunch of random stocks that have absolutely no affiliation, all have crazy after hours jumps due to 1 stock announcing a buy back. Maybe it’s because they all are shorted together using basket swaps.. + +Sauce: https://www.google.com/amp/s/www.thestreet.com/.amp/markets/bed-bath-beyond-stock-rockets-on-kroger-deal-share-buyback +I’ve seen a number of studies that basically show the problem with modern housing is that not enough is being built to keep up with demand + +There’s also a problem where housing is a necessary commodity — someone who sells their house will just need to buy a new one anyway, so the market for it doesn’t behave like other markets. + +From many sources I know personally, I’ve heard the problem comes down to zoning. I was talking to one developer who said it took him upwards of 5 years to get approval for a multi tenant condo complex. This was in a fairly desirable suburb of a major USA city. + +People will point out that places like LA and San Francisco in particular suffer from restrictive zoning. Most of LA is zoned single family. As a result, home prices are through the roof, no pun intended. People also seem avidly against multi tenant buildings + +On the other end of this spectrum is a place like houstan, which has lax zoning laws and is relatively affordable. + +However, I’ve also seen areas where they build upwards non stop like crazy but rents are still in the 4000 range for a 2 bedroom +TL;DR at the bottom. + +I've never experienced this situation before. The background information is one of my buildings is a 6-unit apartment building in a solid B class suburb of a mid-western city. It's been a pretty good investment since I've had it and overall I'm quite happy with it. In this area the owner (me) pays for trash services and water/sewer. Tenants pay electric and gas. My trash service was set up through a sales rep for the area who set me up with a contract and basically I call her directly if I need anything. She has been great and when my contract expired after two years and the company started raising my rates every month. I called her after the price went up 20% and she reset a new contract back at the rate I was at previously. The building has 4 trash totes and 1 recycle tote, and is 6 smaller units. I use a PM and have never directly interacted with any tenant. + +Background data out of the way, here's what happened. Last week I got an automated email from my bank that my auto bill pay for the trash at this location was rejected by the bank for exceeding the upper limit amount I had specified. I set all my owner paid stuff up to auto pay but use some limiters to catch when things go horribly wrong. The normal bill is $105 but my upper limit was $300. The bill was for about $310. Shortly after the email from the bank I get a similar notice from the trash company basically telling me the same thing. I called my sales rep at the trash company and she digs into the account and says "What did the call center say when you called them and added the two additional totes?" I say some version of "WTF? I didn't do that." The rest of the day was a bit of phone tag as she dug into the account to try and figure out what happened, I called my PM to see if they had made a change on my behalf. I didn't remember giving them permission to change things, but I couldn't 100% rule it out that maybe I forgot. Ultimately, I discovered the PM did not make any changes, and the trash provider's notes said the caller said their name was "Invest-O-Tron-3000" (my actual name) and a phone number was logged that was NOT my phone number and I didn't recognize. I assured her it wasn't me since I would have called her directly not to the company's 1-800 line. + +At this point I had the thought to check the phone number the call came from (thank goodness they had that logged) against all of my old and current tenant leases to see if it was a current tenant or disgruntled former tenant or something. I found that it matched one of the tenants currently living in that building. She is one of the newer tenants maybe 6 months or so. My PM gets back to me and plays detective going through all their email / phone conversation logs with the tenants in the building and we piece together basically that a couple of the newer tenants in the building (maybe others are involved too but two that I know of for sure) have had a bit of a spat over the trash bins, because one of them is on business travel most of the time and only is home a day here or there, and she says the people in this other unit use too much of the bin space and its sometimes full when she gets home and blah blah blah. + +At this point it's fairly clear that there has been some drama between two or more tenants about who is generating more than their fair share of trash, and instead of reaching out to the PM who would then consult with me, one of the tenants, possibly in collaboration with the other or perhaps on her own, called the 1-800 phone number for the trash company, gave them my name (which she would have had to look up through property ownership records as they are never given my name), the trash company call center has no safeguards in place to prevent such a situation, and requested two additional bins. Because this call went to the call center, it voided me out of my contract, and jacked my rate from my good sales-rep rate to "full retail pricing" on all my bins and I get a triple size bill, including "delivery fees" for adding the bins. + +The sales rep is going to get back with me Monday or Tuesday with options, which could range from removing the two extra bins (which incurs another charge), leaving things as-is, or converting to some other solution entirely like one large dumpster (which has other issues like people doing weekend moves pulling up and unloading their pickup truck beds into it.) + +I'm pretty sure that I can ultimately get the trash company to either wave all the unauthorized charges, or take it out of the tenant's account, so in the end I believe I can be made mostly whole. I wouldn't even have been opposed to re-evaluating the trash bin situation if it had been handled properly instead of people forging my identity and all of that. + +I'm not sure how hard I should come down on the tenant. One one hand tenants are often dumb, and basically need their hands smacked when they do something wrong in order to be retrained. But I also don't want to reward bad behavior and encourage this sort of thing. My gut reaction is something like sent general email to all tenants and have PM specifically speak to this tenant with stern "this is your one allowed screw up" warning, make her pay for any charges / increases I can't get reimbursed for, and move on with life. I don't personally feel like it's worth a turnover if I can get paid back, but maybe that's wishful thinking and this is a bad omen of things to come. + +TL;DR - One of my tenants who was unhappy about the # trash bins at the building, called the trash company pretending to be me, and ordered more bins, which screwed up my contract and jacked up my bill 300%. While I work on getting unauthorized changes undone and paid back for their costs, I'm debating how draconian to be with the tenant who did this. + +Edit #1 - This literally just happened Friday so I haven’t even found out for example if the trash company can get a recording of the call or not. + +Edit #2 - I feel bad saying this but I watered down what I said about my gut reaction. My true first gut reaction was to show no mercy. But my first reaction is often rooted in a sense of justice boner that isn’t necessarily conducive to turning a profit. So what I described as my gut reaction was really my tempered reaction. + +Edit #3 - I posted an update here: https://www.reddit.com/r/realestateinvesting/comments/immkel/update_unauthorized_person_tenant_modified_my/ +So this is doing my head in. I've been manually intraday trading/scalping crypto futures for a while, but lately the **vast** majority of the time I enter a trade, the market moves in the other direction within a couple of minutes at most. + +And if I decide a losing position is bleeding too much and close it, again almost immediately the market turns around, even if I've been holding for many hours or longer. + +It's become almost comical. If you looked at a 1-minute BTC futures price chart, invariably I bought at the peaks and sold at the troughs. I have a running joke now with friends that I'll let then know when I'm selling so they should buy. + +Of course it's possible that I'm just a really crap trader, but if so, I'm so crap that inverting all my trades would be hugely profitable. And that can't be right. + +I'm trading liquid futures on OkEx and very rarely trade more than 10 btc of futures at a time, so I'm no whale. + +Anyone else experienced this or have any thoughts? I'd really like to understand better what's going on. On the one hand I can't imagine my trading volume would have any much effect on the whole BTC derivs market, and yet I can't deny what I observe. Perhaps even a small nudge can be enough to swing things around? And why is it always in the opposite direction?! + +It's worth mentioning that I had a very successful few weeks up until the last 5 days or so (not at all new to trading, but don't typically trade this product manually). I don't think I've changed anything much other than perhaps increasing trade sizes a bit. Almost seems like the market has somehow 'adapted' to insignificant-me trading, in such a way that I now mostly lose. I can't figure out how that would work in practice though. +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/ +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 have read countless threads on different strategies and I'd love some feedback if what I've been doing makes the most sense. + +As the title suggests, I currently have about $200,000 in my account and I am looking for reasonable growth day by day over time. Aggressive but not stupid. I feel I am understanding what mistakes I'm making and would love some feedback if possible. + +A few days ago I sold 2 $TSLA $500 puts and when $TSLA had a nice day, I closed them for something like 65% profit which was somewhere in the $1200 range. + +On the other hand I sold 5 $220 puts on $BA and when news hit it this morning, I start to panic, I average down, I buy more etc. + +The bottom line is that in my heart of hearts, I would be fine owning 200 shares of $TSLA at $500 where I don't know I'd want 500 shares of $BA at $220 (Though I thought that was great at $BA $240). + +So my question is simply - is that it? In order to grow my account, I need to only sell what I genuinely wouldn't mind owning, NEVER average down- either close or JUST CHILL and lastly - most importantly, in an ideal world, I can net $3,000 a week. Is my current strategy viable- is there a better option, and if not, what sort of bank roll do I need to start with to make the $3,000 a week somewhat realistic? + +Thank you. I appreciate the insights I've learned here and thank you for any guidance you can provide. +I am a professional quantitative portfolio manager, who has been in the industry for a very long time, and works on the bleeding edge of ML and applied mathematics with focus on the capital markets - I manage $100mn+ these days. I created this account to write on /r/algotrading so that I can interact with a few people on this sub, but as I have seen, this sub is filled with amateurs and it is just annoying reading the feeds most days. I am going to delete my account and I wanted to leave a few points that I hope with help a few people here, + +1. BTC and other crypto-coins are nothing more than another asset. Stop putting it on a pedestal or thinking its anything different. +2. ML is super hard when applying to financial markets, and its not something anyone can figure out very easily. Most amateurs can play around with RNNs and have a descent strategy, but don't think its going to give you anything extraordinary. It's just another tool in your toolbox to create a strategy. +3. ML can be used to make some amazing automated trading systems, but it won't be possible for 99.999% of people. People have been doing ML for trading for a very very very very very very long time. You are being exposed to it just now because there are lots of tools and lots of resource that wasn't accessible before. Do not think taking tensorflow, sklearn, <insert library name here> and it will magically make you money. It takes a very long time, ie. decades to get anything automated to the level most of your dreamers think. +4. Most of you are software engineers here. Stop thinking like one. Writing a new shiny backtesting tool or trading framework is not going to do anything than waste your time. Stop talking about languages, it really doesn't matter. Work on your alpha. Yea, its the thing that you don't know how to build, work on that. Trading frameworks come after. +5. Anything that works on the intraday time-frame is considered HFT. Stop thinking that its only low-latency stuff, its basically what timeframe most of you are trying to make money in. People can do this, but, you need to find that thing that most of you avoid - alpha. Most people can't succeed here, so most of you, do yourselves a favor, trade daily+ timeframes, it will save you some frustration. +6. If you have capital, make a portfolio of a few nice assets. Start with management accounting principals and work from there to figure out what makes one asset worth more than another. +7. Stop asking people where to begin, how their stuff works. MONEY is involved here, no one will help you with anything. No one is going to tell you anything more than what I have said in the few points above. And the people who tell you things, are usually negative such as TA is bullshit or ML won't work or HFT is only latency sensitive stuff - well, most them are idiots who don't know what they are talking about. Let me tell you clear and simple here - TA is not bullshit, it's just mathematical transforms and features that MIGHT contain predictive power, ML can be used very well to make a lot of money, and HFT is anything on the sub-daily timeframe and a lot of strategies are not latency sensitive. +8. Lastly, there are VERY smart people in the world, who have spent their entire lives studying, building and creating technological and scientific advances more than most of the people here can fathom. These people work in this industry and make a ton of money. I am happy that you saw some documentary of how a lot of people made money in the 70-80s trading and you want to be like them. Sorry, the world is different, with the availability of information and higher education standards, the bar to be good in this industry is very very very very high. So, you need to be a good scientist or have that mentality today to be good in this industry. Its great you want to be like the best of this industry, so start with being humble. + +Anyways. Good luck and goodbye. + +\- xxzam +ACTIVE EDITING: I will be adding rules as I find ones in the comments that benefit my trade style!!! + +After a 1k loss in 2 minutes yesterday on a volatile stock I decided it was time to set ground rules but I want to see what everyone else has come up with an potentially add to my own: + +1: after a big drop, don’t immediately buy in as it could just keep going + +2: limit losses on volatile stocks by betting smaller amounts + +3: ALWAYS put a stop loss. Mental stops always get broken by gut feeling that it’ll turn around + +4: ALWAYS limit order on entry + +5: trade on the uptrend not the downtrend, wait for a noticeable reversal + +6: LIMIT the amount of companies on your watchlist. There will ALWAYS be “better companies” trade and make money but focusing on too many at once means not spending enough time on any! + + +7: if something confusing happens with the way a stock is suddenly trading, STAY THE FUCK OUT until a noticeable trend is back + +I learned all these rules the hard way + +I’m usually only in a stock maximum 5 minutes. I usually will watch a chart for 10+ minutes before deciding whether it’s worth it or not. Generally new highs with unusually stupid high volatility. I may only make a single full trade a day + +————————————————————————————— +ADVISORY WARNING: this isn’t financial advice, also I had to reupload because automod removed it for some reason +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I'm implementing a trading strategy in Python that I learned last year and successfully traded with manually. + +Here's an image of my bot's 3 years backtest of BTCUSD trades. I'm getting great results, but this is my first rodeo. Can I ask, what are common pitfalls to watch out for when trading live, versus a backtest? How might trading live lose money despite a backtest winning big? + +Edit: fixed the image link, sorry + +https://solrac.prodibi.com/a/1jwk24gd54qyqxv +As per CNBC + +https://www.cnbc.com/2020/10/02/president-donald-trump-says-he-has-tested-positive-for-coronavirus.html + +You require 250 characters so Im typing more. + +Futures tanked hard after this news. Down 1.5% and falling. I hope this is not against the rules, this is huge news. + +Edit: Futures have stabilized around -1.5% to -2% as of 2am eastern time. +My husband and I just had our first kid and it recently spurred a conversation around how to educate our children about money. We would love to hear your thoughts / approach and advice around this topic. + +We’d like to help provide financial literacy to our children and want to provide the best for them along the way, but also want to be mindful that our children do not turn out spoiled/entitled. We want them to understand the importance of saving money and working hard. + +Here are some of the topics we are wrestling with (in no particular order) and would love some perspectives on: + +1. What information about your own financial situation do you share with your children? + +2. How do you make sure they’re not spoiled while still trying to give them the best you can? Or put another way, how do you instill a good work ethic/motivation? + +3. How do you promote saving money? + +4. How do you help children understand that lifestyles are a result of decisions they make along the way and depending on their decisions they should expect a different lifestyle than the one they are accustomed to? For example exploring different career paths. + +5. Do you give kids money for chores? Do they get an allowance? What kind of system do you have in place for them to “earn” money? + +6. Do each of your kids have their own bank account? And do you let them spend this money freely or do you have guard rails in place? + + +Thanks for the thoughts! +First of all, I know that college will not teach you to be a good investor and that the best investors come from different backgrounds, but if you look at it, there are several patterns. + +Carl Icahn, George Soros, Peter Lynch, Peter Thiel, Bill Miller, Jim Rogers, and Guo Guangchang studied philosophy at the university. Icahn says that studying philosophy of the XXI prepares you for acquisitions; Peter Lynch in One Up on Wall Street assures that history and philosophy are the best preparations for investment than mathematics and statistics, and that his courses in logic and philosophy were the ones that helped him the most; Jim Rogers recommends studying history and philosophy in college; Dan Loeb says that to be a good investor you have to be a bit of a philosopher. + +David Abrams, Terry Smith, James Anderson, and Nick Train majored in history. Paul Singer and Leon Levy studied psychology. Steinhardt specialized in sociology. Stanley Druckenmiller studied English. Bill Ackman studied Social Sciences. David Einhorn and Stephen Mandel studied Government. + +You see, there is a pattern of slant towards the social sciences and the liberal arts. I personally want to pursue asset management professionally, and after reading the advice and tips of those I admire, I plan to study philosophy at university. + +So my question is: What do you think is the best college preparation for the investment world or what would you have studied to be a better investor? +Investing in stocks that you do not know about is one thing, but trying to value and look for value stocks in industries you know nothing about seems foolish. + +What kind of sectors do you avoid completely and for what reasons? + Warren Buffett, once, advised a bunch of youngsters, to get a punch card with only 20 spots in it. That’s the number of stocks they’re allowed to buy in their lifetime, he told them. Imagine how careful they would be if they could only buy 20 companies in their entire life of 80 or 100 years. Compare that to what many retail investors do nowadays. They treat their investments like a Playstation game. They think that they need to always act. If they don’t act, they lose the game, they assume. The fact of the matter is investing **isn’t a game**. It isn’t easy. If it was, most people would win. In reality, though, the majority of investors actually lose. Some estimate that 90% of investors lose. The problem is, most investors believe they are among the 10% that win! +Here's this same info as a visual journey for those visual learners: https://imgur.com/gallery/BlK4jzM + +I downloaded the historic S&P 500 data going back 40 years. I dumped everything in Google Sheets and modeled the three different portfolios, named after three fictional friends Tiffany, Brittany and Sarah. All three saved $200 of their income per month for 40 years for a total of $96,000 each. But after 40 years they all ended up with different amounts based on their investment strategies. + +###Tiffany's Terrible Timing + +Tiffany is the world's worst market timing. She saves $200/month in a savings account getting 3% interest until the worst possible times. She started by saving for 8 years only to put her money in at the absolute market peak in 1987, right before Black Monday and the resulting 33% crash. But she never sold, and instead started saving her cash again, only to do the same at the next three market peaks. Each time she invested the full amount of her saved cash only to watch the market crash immediately after. Most recently she put all her money in the day before the 2007 financial crisis. She’s been saving cash ever since waiting for the next market peak. + +With this perfectly bad market timing, Tiffany still didn’t do too bad. Her $96,000 she saved and invested over the last 40 years is now worth **$663,594**. Even though she invested only at each market peak, her big nest egg is thanks to the power of buying and holding. Since she never sold, her investment always recovered and flourished as the market inevitably recovered far surpassing her original entry points. + +### Brittany Buys at the Bottom + +Brittany, in stark contrast to Tiffany, was omniscient. She also saved her money in a savings account earning 3% interest, but she correctly predicted the exact bottom of each of the four crashes and invested all of her saved cash on those days. Once invested, she also held her index fund while saving up for the next market crash. It can’t be overstated, how hard it is to predict the bottom of a market. In 1990 with war breaking out in the Middle East, Brittany decided to dump all her cash in when the market was only down 19%. But in 2007, the market dropped 19% and she didn’t jump in until it fell all the way down to a 56% drop, again perfectly predicting the exact moment it had no further to fall and dumped in all of her cash just in time for the recovery. + +For this impossibly perfect market timing, Brittany Bottom was rewarded. Her $96,000 of savings has grown to **$956,838** today. It’s certainly an improvement, but interesting to note that when comparing the absolute worst market timing versus the absolute best, the difference is only a 44% gain. Both Brittany and Tiffany have the vast majority of their growth thanks to buying and holding a low cost index fund. + +### Slow and Steady Sarah + +Sarah was different from her friends. She didn’t try to time market peaks or valleys. She didn’t watch stock prices or listen to doomsday predictions. In fact, she only did one thing. On the day she opened her account in 1979, she set up a $200 per month auto investment in an S&P 500 index fund. Then she never looked at her account again. + +Each month her account would automatically invest $200 more in her index fund at whatever the current price happened to be. She invested at every market peak and every market bottom. She invested the first month and the last month and every month in between. But her money never sat in a savings account earning 3% interest. + +When Sarah Steady was ready to retire, she signed up for online access to her account (since the internet had been invented since she last looked at it). She was pleasantly surprised with what she found. Her slow and steady approach had grown her nest egg to **$1,386,429**. Even though she didn’t have Brittany’s impossibly perfect ability to know the bottom of the market, Sarah’s investment crushed Brittany’s by more than $400,000. + +### Recap + + * Amount Saved/Invested: $96,000 each + * Investment: Buy and hold an S&P 500 index fund + * Tiffany (worst timing in the world): $663,594 + * Brittany (best timing in the world): $956,838 + * Sarah (auto invests monthly): $1,386,429 + +So if you’re worried the market is too high and we’re due for a crash. Or you want to wait for the inevitable drop before you put your money in. Think about whether you’re so good at predicting the market you can do it better than Brittany who knew when to invest down to the exact day. And even if you are that good, realize that it’s still a losing strategy to the early and often approach that Sarah executed so flawlessly. + +Here's the [spreadsheet](https://docs.google.com/spreadsheets/d/1nBDkD9Zrjb3VZJy6ZjmPCd3ehoagKMIkw6m3WZvxeTw/edit#gid=0) for anyone who wants to see the numbers in action! :) + +Edit: Some of you might remember me from my [how I retired at 36 post](https://www.reddit.com/r/financialindependence/comments/b41d79/how_i_retired_at_36_a_visual_journey/). For those interested in seeing more stuff like this, feel free to check out [my instagram](https://www.instagram.com/personalfinanceclub/). I'm not selling anything, make no money from it, etc. If linking to this is too self-promotey I'll happily take it down. :) +https://www.businessinsider.com/tesla-can-be-thanked-creating-a-growing-ev-market-2020-10 + +A decade ago, no major automaker was going to bet on a non-existent electric-vehicle market. Big Auto was happy to sit back and watch Tesla try to create a new segment. But now, almost every carmaker has announced significant electric-vehicle ambitions for the coming decade. + +Make no mistake: Without Tesla, this wouldn't be happening. We'd still be asking the circa 2006 question, "Who killed the electric car?" if Tesla hadn't reset the EV race in the years before the financial crisis, narrowly avoided bankruptcy, and positioned itself to deliver half a million vehicles in 2021 (and gift investors with a 9,200% return). + +Now, the global EV market is poised to grow, especially in China, where auto sales are already millions more annually than in the US, with the potential to top out at twice what the US sees every year, around 16-17 million new cars, trucks, and SUVs. A large percentage of those new sales could be electric, and automakers don't want Tesla to capture them all. + +Thanks for the awards. +https://www.consumerreports.org/cro/magazine/2012/06/don-t-get-dinged-by-overdraft-fees/index.htm + +https://www.consumerfinance.gov/rules-policy/regulations/1005/17/#b-1 + +If you write a check or use an ach you can still receive overdraft fees. You can only opt out of ONE TIME debit card purchases. +Is there some tool out there that really helped you or some sort of advice you received that changed how you managed your money for the better? Is there still something lacking that you want to help you manage your money? + + +This morning I experienced something fairly odd with fidelity. I’ve been a long time customer. + +**TL;DR: I believe they locked my account so I would have to call them. I was connected with an “Investment (Relations) Manger” to reset my password. My Direct Registering and purchase of GameStop was brought up. They wanted to discuss new tools and consolidating other funds to Fidelity for my account.** + +—— + +Normally, with two factor authentication, I get a code texted to my mobile in order to login immediately. + +However, this morning I wanted to check my balance and didn’t get the texted code. Tried it 4 times. I was in a location where I have received this texted 2FA code many times. + +Then, instead of getting a screen to enter my 2FA code, I get a screen showing that there’s an issue with my password and I need to call fidelity. + +https://preview.redd.it/5l7td438xz381.jpg?width=738&format=pjpg&auto=webp&s=fd826fb2004bb67a91ce1479f056befb65fd62bf + +I believe they specifically locked out my account so they could get me on the line to discuss GameStop, how my experience has been, and offering a follow up to discuss new tools and consolidate my other finances elsewhere. + +There was no issue with my password. I didn’t have to reset a password. It is as if they locked the account specifically so I would call and they could discuss DRS and GameStop. + +I was able to login normally and get the text immediately. I’m in the same location where it wasn’t working this morning. + +So, I called Fidelity. I confirmed my identity. I’ve gotten this automated system many times from DRS-ing. You all know the one - “Say what you’re calling for” “Say your birthday so we can identify you”. I was then connected to an “Investment Manager… + +*I.M.: “How’s your experience and investments going?”* + +*Me: “Fine I just need to access my account. My mobile isn’t giving me the 2FA Code to sign in.”* + +*I.M.: “What are you looking to do?”* + +*Me: “Look at my stocks and see my account balances. I’m just looking to get my password reset.” ( I honestly wanted to say it’s none of your fucking business what I wanted to do, but it seemed like he was digging for something).* + +*I.M. “Ok, great. I’ll need to put you on hold for 3-5 min while I verify somethings.”* + +3-5 min hold + +I’ve called to DRS through this same system. Normally, they have my phone number and birthdate and can see my account in front of them immediately. So for him to put me on hold to “verify some things” raised some flags. He was either wasting my time or figuring out how to bring up GME and DRS. + +After 3-5 min, the “Investment Manager” gets back on the line + +*I.M.: “Ok, looks I’ve reset everything. By the way, I see you have direct registered a lot of shares from GameStop - is Fidelity the primary place you trade GameStop?”* + +*Me: “I trade a lot of different shares and have traded over the years.”* + +*I.M.: “Why are you deciding to move shares out?”* + +*Me “Because I want those investments registered directly in my name”* + +*I.M.: “Well we have a lot of tools available and have improved them over the past year. Would you be interested in learning how those tools can help and if you might consider consolidating your money existing elsewhere with Fidelity.”* + +I played along. I didn’t want to tip my hand that I know they are full of shit and I don’t trust them. I also didn’t want any further action taken on my account. + +The call ended with him transferring me to another manager and setting up a meeting to discuss their “tools and services” at a later time. + +I have been a fidelity customer for 10+ years. + +I have never had this type of call. Ever. + +I have also never been randomly locked out of my account from the mobile app. + +Why was I connected with an Investment Manager to reset my account password - in which, he never reset it, but only reactivated my access? + +**ThEy ArE FooKin NeRvOus** + +Not financial advice. +You have Seen the name around: AERDROP. Perhaps, until now, you thought it was simply too good to be true. FREE new tokens, just by holding AER? Surely, that is impossible. + +&#x200B; + +Prepare yourself to get Aerdrop-ed a whole new way of thinking. We are redefining the standard of how new projects are found on the BSC and beyond. + +&#x200B; + +🚨 OUR NEW CONTRACT IS: 0xc7ad2ce38f208eed77a368613c62062fce88f125 🚨 + +&#x200B; + +The true DeFi technology of the future. You literally grow your portfolio just by holding AERDROP. This team is about to change the whole game, and no one has seen it coming. Be one of the chosen few to get in on this at the beginning. With our fresh new contract launch, we are literally an UNSTOPPABLE force in the crypto space. + +&#x200B; + +Again; for those in the back + +AERDROP v2 HAS JUST BEEN REALEASED! + +&#x200B; + +What does that mean? + +Well, for starts, because the dev team will keep ownership of v2, we will be eligible to be listed on major centralized exchanges and trade with a broader group of people. Second, our new tax structure on all buy and sell orders will be making YOU more money. With a 6% reflections rate, you will watch your AER grow simply by HODLING. A cool 4% will continue to go to our Liquidity Pool to support an ever-rising price floor and providing protection for all if someone decides to sell. + +&#x200B; + +Finally, 1 percent will be sent to a doxxed, dedicated marketing wallet. Please note: Aerdrop is closing in on 7 THOUSAND holders, and we have not paid for ANY marketing in the last 1.5 months. + +&#x200B; + +Strap in folks; we are about to be F L Y I N G. + +&#x200B; + +Feeling the HEAT from v2 yet? Get a drink Donny, I am not done yet! + +We have another MASSIVE Aerdrop scheduled for Friday with Black Diamond! This will be a pre-sale drop, which means AERDROP holders will be gaining a massive amount of tokens and getting in early to a very exciting new project. All for free. Now is the time to load up those AER bags! + +The Aerdrop team will drop 3-5 new tokens PER WEEK for all our holders. Think about it; if you get 20 new tokens a month; what are the odds that one of them MOONS alongside Aerdrop, making you huge gains? The numbers are truly on your side with this one folks. + +&#x200B; + +Just to whet your whistle some more, here is a sneak peek to some rumors that are floating around 😉 + +&#x200B; + +Farms and Staking will soon be available with Aerdrop v2 + +CEX listing plans + +Cross – chain drops + +Aerstation Dapp development with lottery system + +Huge investors rumored to be coming in any day now + +A brand-new referral system nearly ready for deployment + +And SO much more! We are JUST getting started folks; get in EARLY to Aerdrop V2! + +&#x200B; + +If you are a v1 holder, your equivalent value has ALREADY been dropped to your wallet. No messy forms, no action needed other than for you to burn your v1 tokens for a 3percent BONUS in v2. The AERDROP Dev team has ensured all your investments are SAFU. + +&#x200B; + +Our amazing HODLers have been dropped these tokens and more in the past: + +MUTT token + +[HUP.life](https://HUP.life) + +Xenon 2 Pay + +Klear Finance + +Hyper Deflate + +UltraSafe + +EchelonDao + +EarthChain + +Levyathan + +Clearmoon + +GemProtocol + +Waivlength + +Bubblegum + +MADToken + +Check out more info on everyone right here: + +&#x200B; + +[https://www.aerdrop.finance/](https://www.aerdrop.finance/) + +&#x200B; + +COMMUNITY + +&#x200B; + +People come for the Aerdrops and stay for our amazing community! We know each other by screen name. We pump build each other up, laugh, joke, and work hard to make our project even stronger. + +So many other coins have reached millions/billions in market cap and have been totally useless. We provide a real use case that has never been seen before. + +Join our family on Telegram: [https://t.me/aerdropofficial](https://t.me/aerdropofficial) + +Okay this sounds Unreal, any other good news?! 📰 👌 + +Audit - ✅ Scheduled with v2 + +Detailed white paper - ✅ A living document, passionately written by the team of developers + +Dev doxxing - ✅ Scheduled for a 75M market cap milestone + +Aerstation platform - ✅ Bespoke DAPP is nearing completion! + +Exchange listings - ✅ Uniswap listing + more in the works! + +Get ready to fly comfortably +Finally turned 18 in September and was so excited to get into dividend investing. Thanks to this sub and some research I just got up to over $100/year in projected dividends. + +The money is split about 60/40 between a Vanguard ROTH IRA with mostly Vanguard funds (mainly VYM, VOO, BND, VTI and SCHD) and a Robinhood account for more "fun" money (mainly SPHD, SPYD, BEP, O, TSLA, MAIN, PEP and ABBV). + +Excited to keep learning, investing, and hoping to get to $250/year by the end of 2021. Thanks guys :) +I'm currently upgrading my ESS (energy storage system) to be able to power my whole family residence and it should be done next week just before Christmas and New Year. Right now it can only power essential stuff but after the upgrade it should be able to power my home (assuming that house electricity usage is at 75%-80% and that I let batteries fall to 0% for day and half). Alongside that I have a $30k generator which will automatically start once batteries fall to 40%. Currently we used ESS for essential things and generator for other stuff. This new setup should give us between 7 and 10 days of normal electricity usage. + + +What's the most overkilled feature of your home? +I got extremely lucky with crypto and have $189,000 to invest. I plan on investing 80% VOO and 20% VXUS. Would it be foolish to invest everything at once or should I just add a little bit a week? I plan on holding onto it for at least 20 years. + +btw, I'm doing this through Robinhood and not an IRA or 401k +Since the market's closed for a few days and there isn't much to talk about today, figured it was a good time to ask this question. + +I sell CSPs mainly, as many of us do. Who are the buyers of all the puts? I'm always kind of surprised that there's a large volume of buyers, even during weeks/months where the market is on an up-trend. + +Retail and institutional buyers who always think stocks will reverse? Seems like most of WSB are buying calls, not puts. +Please note that SEBI has informed all AMCs late last evening on stopping subscription in overseas FOFs with immediate effect in order to avoid breach of industry wide overseas limits as allowed by RBI. Each AMC has suspended all fresh purchases/switch-ins and new SIP registrations to any overseas fund based on US, Europe, China, Asian etc. based on the new directive. We have issued the addendum issued with regard to this. +Hey All! + +So I have found a nice fixer-upper I'd like to buy and renovate for myself as a permanent residence. + +Some of the things "wrong" with it that need fixing: + +* Interior is very dated from the late 70s (There's carpet on the walls of one room.... Seriously Boomers, how was this a thing?) +* Roof is severely leaking and needs to be replaced +* Many rooms have drywall / ceiling staining / damage from the roof leaking +* Exterior doors are rotting / damaged and need replacing (we're talking there are literal holes through the door) +* All interior doors have been dog damaged and need to be replaced +* Carpet smells like dog and needs to be replaced +* Old electrical panel that needs replacing +* Structural damage to chimney the owners accepted money for from government but never fixed +* Trim is heavily damaged throughout +* Exterior flashing has some rot +* Kitchen appliances very old / need replacing + +Toured with my General Contractor and he didn't find any showstoppers. + +Homes in the area that have been recently flipped with a modern interior are selling for $260k. + +Was talking with my Realtor today and they suggested we offer $250k, then try to negotiate once we get the formal inspections done. + +To me that seems like a bad idea, as formal inspections will not include things like the dated interior, drywall replacements, updating appliances from the 70s / 80s, etc... + +The market here is starting to cool a bit, this house has been on the market for a month with no other interest... + +I was thinking an initial offer of 200k would be reasonable, but my Realtor is arguing on the "comparables" which I have looked at, and they are all beautiful, move in ready houses with no work needed. + +There is one fixer upper in the area that does NOT need a new roof and it sold for $185. + +If I got the house for $190-200k I'd be happy.... My thoughts were to offer $190k as-is based on our contractor's quote and the comparable fixer-upper in the area, but my Realtor seems dead set on a much higher price... + +Thoughts? +Hi Community + +I would like the community to share and discuss long term view on Asian Paints. Grasim's has recently announced that it will enter the paint industry with a Capex of 5000 Crores. If things pan out as per plan, Grasim will become the second largest player after Asian Paints and will affect the profits of all incumbents. + +Asian Paint so far has been the clear leader, not necessarily because of its product quality but because of its stupendous distribution network and analytics capabilities. Arguably Aditya Birla group (parent of Grasim) are no strangers to the industry and building strong distribution as they have leading products in related industries: wall putty and cement (WallCare Putty, Ultratech Cement) . + +Asian Paints has been a consistent compounder over the last 2 decades. However is there more upside left in it. Is this the right time to divest? + +Disclaimer: Asian Paints forms the majority part of portfolio through inheritance. +We are aware that ORTEX is displaying a massive spike in GameStop (GME) short interest that is related to an extremely large increase in Borrowed Shares. We are currently investigating and will provide additional information soon. It is likely that a huge amount of stock is being borrowed for reasons unrelated to short selling. +Background: We own 4 rental homes in Phoenix area (2 in Gilbert, 1 Queen Creek, 1 Maricopa). I am also licensed in AZ, but mainly to manage my own properties. + +Things have turned so crazy in the housing market here that Open Door is offering close to or even more than listing on the MLS. (I am not affiliated with them in anyway). + +My good friend here listed a house in Queen Creek on the MLS and open door. The overasking offer from MLS was $390k and OD offer was $408k. + +I just did a OD price request on a Maricopa rental and it was $12K more than what the comps show. + +Who is buying all these houses from OD or is it REIT money ? OD always offered much less $$ when buying and suddenly they are paying way more. It’s crazy. +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! + +Last week my and my families return flight from Geneva to Gatwick with easyJet was cancelled due to ‘extraordinary circumstances’. I know that they do not have to pay compensation when this is the case, but put in a claim anyway to get them to justify why they would not pay and this is their justification: + +“Our assessment of your claim +To further explain what happened on the day; air traffic control restrictions at London Gatwick substantially regulated the air space due to capacity, which resulted in long delays to flights as aircraft waited for air space ‘slots’ to operate, sometimes for several hours. The delays continued throughout the day and knocked on to later flights. Ultimately and in the case of this flight, it pushed the operating crew out of their legal working hours. We do take reasonable measures to avoid delays and cancellations to our flights by having replacement crews and spare aircraft available in our network. In the circumstances, our standby crew had already been deployed onto other flights. We had no option but to cancel your flight.” + +From what I’ve read, easyJet not having replacement crews is not an acceptable reason to use the ‘extraordinary circumstances’ defence. + +What should I do now? I could write to the regulator, try using a no win no fee solicitors, or just leave it.’. +I apologize that this is not really and truly about fatFIRE, although that might be one of the solutions to my problem. There are also enough senior FAANG employees on this sub that I hope for useful advice. + +I've been working at the same big tech company for years, but have moved around quite a bit internally. I've been promoted to (what I see) as probably my terminal level at the company (L7, individual contributor track, but managing a team of about 20). I'm very technical, but felt like I was totally at the mercy of leadership I didn't always believe in, which is why I got into management. Now, I'm still totally at the mercy of leadership I don't always believe in, but I deal with piles of silly politics and preparing painful "executive" presentations on top of the technical work. + +What do people do at this point? I'm not in a huge rush to make a change, but I think I need to eventually. I'm barely 40, and can't imagine doing this for the next 25 years. I don't have any illusions that a startup would be better. I don't mind working hard at something that feels meaningful, but do value work/life balance at this point (first kid is on the way). I don't see myself hanging out a shingle as an independent consultant. + +I could probably afford to RE (NW around $5M after recent market drop, and my lifestyle isn't extravagant), but I don't feel ready. I'd prefer to reclaim some enjoyment from my career, or even switch careers to something more gratifying. + + +Edit: My immediate boss is a kind and empathetic person, and I don't mind working for him, even if I don't think he always understands and appreciates what I do. But when I look around the larger organization, I don't see anyone who really inspires me, nor do I see anyone whose job I would want for myself in the future. +I read so much on here early January talking about how the ETF would bring more investment money into the shroom sector. I got all excited as I’m holding 3 shroom companies but then the ETF started and nothing at all changed, if anything they went down. Can someone help me understand why? +LAST EDIT; THIS THEORY HAS BEEN PARTIALLY DISPROVED BY DLAURER; [https://www.reddit.com/r/Superstonk/comments/nhtt04/cost\_basis\_and\_trade\_price\_issues/](https://www.reddit.com/r/Superstonk/comments/nhtt04/cost_basis_and_trade_price_issues/) + +THE ONLY RIGHT COURSE OF ACTION IS FILING A WHISTLEBLOWER COMPLAINT WITH THE SEC IF THESE PRICES HAPPENED TO YOU; [https://www.sec.gov/whistleblower](https://www.sec.gov/whistleblower) + +&#x200B; + +Dear Apes, + +&#x200B; + +As many of you know, there are multiple reports coming in from various ex-Robinhood apes showing at which prices their shares had to be bought and found in order to finish their transfer to other brokers. + +&#x200B; + +My Theory is based on this Hypothesis: [https://www.reddit.com/r/Superstonk/comments/ngx2ag/hypothesis\_robinhood\_is\_currently\_buying\_the\_gme/](https://www.reddit.com/r/Superstonk/comments/ngx2ag/hypothesis_robinhood_is_currently_buying_the_gme/) + +&#x200B; + +Now from the numbers we see, RH paying upwards of 300 USD per share, we can be sure they are buying them from dark pools, not the open market as the price in the open market was multiples below the price they paid. + +&#x200B; + +If Citadel is the Designated Market Maker for GME and Robinhood buys their fake-ass shares to close the CFDs they have given out, that would massively increase the on balance capital citadel has, thus making a margin call harder to pull of. + +&#x200B; + +Let's try to speculate some ballpark numbers: If we estimate a SI% of 200 to 400% the total Float (2x-4x) and half of these shares are from Robinhood traders switching away, that means citadel might have been paid 1x-2x the float in shares at inflated prices of 300+ USD. Lets go with 1.5x the float for the calculation. + +&#x200B; + +30.000.000\*300 = 9.000.000.000 USD + +&#x200B; + +Now that's a sum and its the conservative of all calculations. Given that Robinhood severely postponed their IPO while also benefiting immensely from the crypto + stock trading volatility in Q1 of this year, its reasonable to expect they + +A. Could have that money + +B. Are incentivised (or forced, this is not the first time they are lying) to pay this premium to keep their Nr.1 Customer + +C. Postpone their IPO in order to delay the filing of any information regarding this shady transaction + +&#x200B; + +FYI, I am just a meming europoor so if anyone has any counter thesis or even better data that would disprove my theory, let them come my way ASAP as I am just as interested as the next ape to uncover the truth, the whole truth and nothing but the truth. + +&#x200B; + +**TL:DR: I am SPECULATING that RH is buying counterfeit shares from Citadel to increase their capital balance. There is a motive and some proof backing up this theory, but no definitive confirmation.** + +**As always, BUY, HODL, VOTE** + +&#x200B; + +**EDIT 1:** HOLY SHIT I got so many downvotes in the first few seconds but real upvotes are fighting back. Go Superstonk! Oh and btw, if you are still on Robinhood you're not retarded, you're just really fucking stupid. + +**EDIT 2:** Fresh from Bloomberg: ROBINHOOD - STARTING TO ROLL OUT IPO ACCESS, A PRODUCT THAT WILL GIVE USERS OPPORTUNITY TO BUY SHARES OF COS AT THEIR IPO PRICE, BEFORE TRADING BEGINS. Ask yourself in a world where banks make money from the IPO pop and scam everyone but themselves, why would Robinhood offer customers to buy their stock at the full IPO price before the IPO? Sounds like someone is pretty afraid of shit hitting the fan on IPO day LOL + +**EDIT 3:** Good question by fellow ape /u/Si5584 . Anyone got any ideas/theories? + +https://preview.redd.it/rfj8znvpna071.png?width=1416&format=png&auto=webp&s=2590ab41c067e5106874ffdb4d2584ea05622458 + +**EDIT 4**: Two good worth seeing by /u/David_BoBavid and /u/WisePhantom + +[I will have to check what \/u\/dlauer said about this, will get back to you ASAP](https://preview.redd.it/9qo0496zra071.png?width=1450&format=png&auto=webp&s=97d24fffbfd384447ea0a1367b2448faabd98f2f) + +[Nr. 1 is what has happened and is no counter argument to my theory, in fact its the basis of it. About Nr. 2: the price increases in the open market would correlate to they prices paid by RH which it doesn't unless I am missing something. Maybe need to find authentic shares for the transfer, in that case they might be buying them from paper hands with sell orders at 300+](https://preview.redd.it/pdmxctt3sa071.png?width=1472&format=png&auto=webp&s=325dad3d9900e0e8aa7cab2b6e6409c5634a6d03) + +**EDIT 5: Fellow ape** /u/skybuff **has sent me screenshots of some of his RH GME shares being bought for around 600$!** [**https://imgur.com/a/LXy7GSY**](https://imgur.com/a/LXy7GSY) + +&#x200B; + +https://preview.redd.it/92ko7hsf7b071.png?width=1080&format=png&auto=webp&s=40f89e072e65741ceb360e3b34e6312372c39fa1 + +EDIT 6: Fellow Ape /u/HubKap1853 has posted the following article about the whole situation with the OCC: [https://tokenist.com/recent-occ-regulatory-moves-indicate-gme-amc-short-sellers-may-go-bust/](https://tokenist.com/recent-occ-regulatory-moves-indicate-gme-amc-short-sellers-may-go-bust/) + +I just want to stress something: While we can agree with what is being said in this article, it is NOT an unbiased news source. The author works for an investment company that certainly has motivations. Possible conflict of interest here. Just saying, good news is good news but biased news are biased news. +I just want to be able to not have to work for a few years or not be in crippling debt. It's so depressing. It actually wouldn't take much for me to achieve this but it's impossible with my current job and bills. + +I don't care about the technology. I just want to live a little bit before I die. I'm already old and have nothing to look forward to. I'm hoping crypto will be the way for me. + +Anyone else into crypto because of desperation? +I have read some helpful posts here over the last few days regarding how to make some extra money so I thought I would write up a quick guide regarding bank account switching offers. + +Over the last 2.5 months I have completed 7 switches for a total of £1025; + +Virgin - 20k Miles (rough value £100) +First Direct - £150 +Nationwide - £125 +Halifax - £150 +Santander - £175 +Lloyds - £ 150 +Natwest - £175 (pending) + +There are some guides and YouTube videos regarding this, however I couldn't find any that answered all my questions when I started, so hopefully this will be comprehensive. + +The general principle is that you switch your current account to a new bank using the Current Account Switching Service (https://www.currentaccountswitch.co.uk/). The new bank will pay you a switching bonus for doing so. + +1. Blank Current Account - I personally DO NOT switch my main current account in which my salary is paid and all my direct debits are taken. The easiest thing to do is open up a couple of 'blank' current accounts. I found the easiest way to do this is via my main bank. For example I use Natwest, via the Mobile App just click 'Apply', 'Current Accounts'. Fill in a few details and they will open you a new current account and post a debit card out within a few days (keep hold of this, you will need it later). Alternatively you could open an account with Monzo or Starling or any other bank, however avoid any of the banks that have a switching offer so you don't waste that chance to earn some money. + +2. Direct Debits - Now you have a blank current account ready for switching. Most of the switching offers will require you to have 'Two Active Direct Debits'. Thinking about switching over your phone bill or utilities to this account is a bit of a pain. Also reoccurring payments such as Netflix or Amazon Prime DO NOT count. So what can you do? + +The best way around this is two activate two cheap direct debits. I used One Pound DD (https://www.onepounddd.com/) which allows you to setup direct debits for £1 (obviously). Alternately you could set up a direct debit to a charity instead, such as Oxfam or British Red Cross. With this option the minimum direct debit is £2 each. Also do not create two direct debits to the same charity, this is a mistake I made and they will cancel one of the direct debits assuming it was a mistake. + +Once you have created the direct debits, wait a few days and then check your online banking. Even if the payment has not yet been taken, it should now be shown in your list of active direct debits. You DO NOT need to wait for a payment to be taken for it to be considered active. + +3. Switching - Now we start to make some money. You need to select a bank that has a current account switching offer. These come and go all the time, so check Money Saving Expert for the latest offers (https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/#switch) + + +Now download the mobile banking app for the switching offer you have selected. Start the process of opening a new account. During the account creation process they will ask if you want to switch you existing current account. At this stage you need to enter the account number, sort code and debit card details of your blank current account. Finish the application and then wait about 7-10 days and the switch will complete. + +Log in to the app for your new current account and ensure the direct debits have switched. Some switching offers require you to pay in £1000. You can transfer this in and straight back out to meet the requirements. I normally leave £2 behind just to make sure the direct debit is covered if necessary. Once the switching bonus is paid, transfer the money out. + +Now use this account as you 'blank current account' and start a new switching process + +In order to do this even quicker, I started the process with 3 blank current accounts (Natwest, Starling and Co-op) and then completed 3 switches at the same time. You then also have the option of holding onto any of the new accounts that you may want to keep. + +I am now going to repeat for my partner which should earn us around £2000+ in total. + +Top Tips + +Keep a little spread sheet of what switches you have done and what stage of the process you are at. I recorded 'waiting for debit card' or 'waiting for direct debit to become active' etc which helped me keep track. Edit - you can also keep track of when you completed the switch. Most banks will allow you to obtain a new switch bonus in 2-3 years time so note the date here too. + +I make sure I do not request any overdrafts on the accounts that I create. I have read that opening accounts can negatively effect your credit score. I have just checked my Experian score and it is 999. However I already have a mortgage and no need to apply for any credit so I wasn't too concerned even if it was effected + +Lloyds do not require any direct debits and pay the bonus very quickly, so I would go for that as your first switch. + +I hope this is helpful and people take advantage of it, it really is free money. +My question is motivated by an attempt recently to explicitly define for myself, in my own mind, what the term "fiat" really means in this context. Of course one could specify that by fiat they mean only \*government\* fiat, but that isn't a satisfying distinction to me since whether it's a group of govt officials saying "this is what we say it's worth today" or whether it's a group of gold investors saying it, it still seems to me to be the same fundamentally arbitrary process. +In the trailing twelve months, NFLX produced cash from operations of $1.179B. They've spent about $500M on stock based compensation. We will be generous and say that they've generated owners about $700M in cash. The current market cap is $122B. That's a price to owner's earnings of 174x, which seems outrageous to me. + +&#x200B; + +With a company like Amazon, I can see how they could slow/stop capital expenditures and start gushing cash. Instead, Amazon is constantly re-investing in itself. With Netflix, I don't see that as clearly. I believe that if NFLX stopped its capital expenditures, it wouldn't gush cash, and even if it did, it would only do so for a limited time. Therefore, I think Netflix should be judged on its owner's earnings, not its net income. + +&#x200B; + +Would love to know what I am missing here. I like the company, but when it produces only $700M in cash, why would I pay $122B for it? +Hello everyone + +I know that no one knows the future but is it realistic for house prices to keep going up? + +Me and my wife are actively saving hoping to reach FIRE in 20 years and then move to spain or portugal. Even though its a very long time to go, i keep watching realtors on youtube showing property in spain. A nice looking house in a good location seems to cost somewhere around 300 - 500k € now. Is it realistic for a similiar house to cost 600k - 1 mil € in 20 years? Even if the houses would appreciate only 3%/year they would double in price in 20 years. Is that realistic? How are people gonna buy housing if it costs so much? + +Were there events where house prices stoped going up for a long time or even went down a lot? How realistic is that to happen again? +I’m 15, English isn’t my first language and I know nothing about economics. So to educate myself, I got this book called “Capital in the Twenty-First Century by Thomas Piketty”. But I’m in page 50 and still barely understand anything, especially terms like “diffusion”, “divergence”, “convergence”, etc… + +Is this normal or am I just stupid? Any tips? +I'm aware that the empirical evidence suggests raising the minimum wage does not lead to a wage-price spiral. But what about other wage increases? The wage-price spiral is often invoked to claim that (for example) rail workers going on strike for higher pay in line with the cost of living will just lead rail companies to put up their prices. How true is this? + + +Another thing is that I don't really understand the monetarist view of inflation. As I see it (and this could be simplistic), inflation is a problem in that it limits people's ability to buy goods and services - so how is trying to tackle inflation by reducing demand (contracting money supply, raising interest rates) actually beneficial if the underlying problem (people can consume fewer goods and services) is not actually fixed? + + +Finally, I'm not quite sure how raising interest rates reduces inflation. I get that it makes saving more attractive and reduces demand for loans of money, reducing house prices for example. But how can it reduce the price of other things e.g. groceries? +hello, it’s my first time taking up economics and i’m just really confused. i’ve noticed that vietnam has a high debt-to-GDP ratio (42%) compared to indonesia, Philippines etc. Yet, it’s always been emphasized that Vietnam outperforms those countries economically. I also read that the “median” for ‘BB’ rated sovereigns is 59%. what does this mean? and how do i interpret vietnam’s high ratio? is a high debt-to-GDP ratio necessarily bad? (i’m so sorry for asking this i’m just so confused right now ahhh) +Year 2020 is in the books now. An interesting year for the markets that'd be talked about in next few years, if not decades. + +Time to look back and introspect on the takeaways. + +In particular: + +- What did you learn / experience about investing, that you weren't so clear before? +- How has your portfolio performed? Any personal achievement? Regrets? +- Would you do anything differently with respect to your investing / personal finance management? +- Important investing related events you'd remember this year for? +- How do you plan on turning 2021 a good year for your investment happiness? +Pardon my ignorance on the subject, but I'm not able to understand how does compounding work with Mutual Funds. This might be a simple doubt for some of you, but I'm pretty new to stock market and trying to understand the fundamentals. + +I understand how compounding works in general and with stocks. +We invest some amount in stocks, lets say ₹ 100. If we get 10% profit in the 1st year, the profit is invested back in the stock and the next year the profit/loss will be calculated on ₹ 110. + +I get confused when it comes to Mutual Funds because we buy the MF at a certain NAV and sell it after few (or many) years at a certain NAV. +How does one apply the the effect of compounding on NAV ? Does the NAV compound with year ? +Does the Mutual Fund AMC invest back the profit into the stock, just as one would do with stock ? +Tesla Inc (TSLA.O) top boss Elon Musk said the electric carmaker had not signed a contract with Hertz, more than a week after the car rental firm announced a massive deal with the electric car company. + +Tesla's shares fell 5% to $1,146 in premarket trading, after a steep jump following the news of the biggest-ever order - 100,000 electric cars for Hertz - on Oct. 25, which helped Tesla breach $1 trillion in market capitalization. read more + +Musk tweeted late Monday, "If any of this is based on Hertz, I'd like to emphasize that no contract has been signed yet." + +"Hertz deal has zero effect on our economics." + +Tesla and Hertz did not immediately respond to a request for comment. + +Interim Hertz Chief Executive Officer Mark Fields had told Reuters last week the order will primarily include Model 3 vehicles. Considering Tesla's cheapest Model 3 sedan starts at about $44,000, the order could be worth about $4.4 billion, if the entire order were for the mass-market sedan. + +"Tesla has far more demand than production, therefore we will only sell cars to Hertz for the same margin as to consumers," Musk said. +i started investing this last year. i’m 22 and have a $28,000 portfolio. i just started learning about options and want to start doing coveted calls with a few of the stocks i own. + +i have 500 shares of PLNHF and 200 shares of UWMC. i also have 70 shares of RKT and was thinking of buying 30 more shares so i could start selling covered calls on all them? does this make sense? any advice would be really appreciated! +https://www.cnbc.com/2022/05/18/target-tgt-q1-2022-earnings.html + +Earnings were $2.19 adjusted vs. $3.07 expected. Blame was placed on the usual suspects - "supply chain troubles, higher fuel costs and lower than expected sales of discretionary merchandise." +Around 10 months ago [I made this post](https://www.reddit.com/r/algotrading/comments/c05ykx/my_small_success_thanks_to_this_sub/) about finally deploying my algorithm after 2 years of trying to find something that works. + +Once a month I get a message asking me how it's going, so I figured I'd write a follow-up for anyone who's interested. + +###Background on me### + +I'm a professional developer but only a hobbyist 'trader'. I'm older and have a family, so my time is limited. I have no TA knowledge. I decided to get into algo trading because after trying to actively trade individual stocks and options it became clear to me that my emotions usually resulted in bad plays. + +All of my investment knowledge comes from investing (mostly in index funds) since 2001, reading and some of the content on this sub r/algotrading. + +###Algorithm### + +It's now been 3 years since I began this project. The last code change I made was in Oct 2019. Turns out after I made that Reddit post there was (unsurprisingly) yet more issues to fix. Since Oct 2019 there's still been problems but they weren't in my code -- they were in QuantConnect. + +The worst issue with QC I experienced was when QC crashed my algo after a buy order went through, followed by the stock halting before I could manually sell it, and then re-opening hours later to a -20% due to bad news. So that sucked. + +The algorithm is very simple - buy stocks that will likely bounce fast. It does not use NN / ML -- I tried that originally and it failed miserably. The algorithm tracking variables and stock selection **reset everyday**. This is important because there's **no** survivorship bias. It does not hold any stock for more than ~30 minutes (not because of any restriction, that's just how it goes). It never holds overnight. + +Here's some **back-test results** for the algorithm, I didn't include every year, just random ones that hopefully show when it went well and when it didn't: + +| Year | Avg Win / Loss | Win Rate | Sharpe | Drawdown | COMP Annual Return | +|:-----------|------------:|:------------:|:------------:|:------------:|:------------:| +| 2020 (YTD) | 5.13% / -6.78% | 68% | 14.95 | 37.00% | 1470.80% | +| 2019 | 5.19% / -4.50% | 62% | 2.026 | 27.20% | 286.18% | +| 2018 | 3.79% / -3.65% | 70% | 2.675 | 28.10% | 541.65% | +| 2017 | 3.48% / -3.01% | 69% | 3.336 | 22.10% | 806.91% | +| 2013 | 4.57% / -2.58% | 55% | 1.25 | 17.20% | 45.95% | +| 2012 | 4.15% / -2.75% | 61% | 1.964 | 30.20% | 119.34% | +| 2008 | 2.83% / -2.77% | 70% | 3.535 | 28.70% | 3684.04% | + +The algorithm often has a negative beta and performs a lot better in heavy volatility and bear markets. It performs worse in low volatility bull markets. + +###Live Results### + +This algo has been running live in various forms with real USD in IBKR since January, 2019. No surprise it lost money in calendar year 2019 because it had a lot of problems. + +Since Nov 2019, the live algorithm is tracking the same orders as back-tested results 1:1, however the amount it 'wins' on correct picks is never as high as back-test results, leading to much lower gains than the back-testing implies. + +* [Since Jan 2020, it has a positive +5% return](https://i.imgur.com/dZIJSVM.png). +* [Since Nov 2019 \(when I re-deployed it after a bug in QC\), it has a positive +21% return](https://i.imgur.com/reeWMxR.png). + +Since I don't have time to login and watch my algo all day, I have it setup to send e-mail notification whenever it buys and sells. [Here's an example from today \(edited to remove certain details\)](https://i.imgur.com/j4KAVFt.png). + +I plan to continue to run it for 1 more year with the current capital. If it continues to show a positive result then I will increase the capital. If not, I will likely give up and admit I suck at algo trading. + Banks have been sanctioning housing loans under floating rate of interest for quite a while now. The floating rates are revised / reset once in one year / two years as per bank's internal guidelines. RBI was of the opinion that benefit of reduction in interest rates isn't being transmitted to customers under the old regimes like BR ; MCLR. Hence a new regime, EBLR (External Benchmark Lending Rate) was introduced by RBI and adopted by banks around sept 2019. EBLR seems to facilitate faster transmission of interest rates. + +Keeping in view of the above information, urging all redditors to convert their housing loans into EBLR regime. SBI has been allowing customers to shift HL from existing regimes to EBLR by obtaining a request and a one time fee of Rs.5900/- + +For eg: In SBI, borrowers who availed housing loan under BR regime are paying interest rate upwards of 8.5%. Such customers can reduce their ROI to 7.4% or so by shifting to EBLR. + +Under EBLR the ROI of existing borrowers is revised as and when bank announces revision of ROI. Whereas in the previous regimes the ROI of existing borrowers is revised once a year / once in two years. +The top ~5 comments in every other thread are just low-effort "jokes" about market always going up or stocks not equal the economy. + +Do people not get tired of it? + +There are plenty of factors that could contribute to the bull market: fear of inflation, growing number of retail investors, structural changes in economy, reduced discount rate in DCF model, etc. But the thoughtful replies seldom make it to the top. + +I wish the mods could do a better job blocking low-effort posters who are basically spammers at this point. +I have a student debt of $170,000 through government, and I'm currently making 65k a year. I started investing in stocks in March 2020. I have been fortunate enough to make high gain (+115% return so far) and I have just enough to pay off my student loan (\~$195,000 worth of TSLA, SBE and PLTR). I was wondering if I should sell off some (if not all) of my stocks to pay off part (if not all) of my student loan. I also know that I would get my tax deduction if I hold on to stocks for more than a year. Should I wait for that period? + + +Thank you +I created a new account for this post. + +My father (who I had not spoken to in over 20 years, I am his only child) passed away and left me an inheritance. I am in my early 40’s, married with 3 young children. We have no debt besides our mortgage and have always been pretty conservative with our finances. We have no investing experience. My wife makes about $50,000 a year plus healthcare in a very stable job, my job is mostly commission and is very volatile and make around $100,000 a year. I’ve only had this job for about 2 years, prior to this I was earning much closer to what my wife is. We live in NY. + +He left a trust that will be 20% of his estate, I’m told it will be around 1 million. The way that it is structured is that I can never access the principal, unless it is medically necessary. The money will be invested by the trustees and the interest will be distributed to me. In the event of my death, the money will be released and divided amongst my wife and kids. I retained a lawyer and am trying to renounce my inheritance and have the trust set up for my children that my wife and I would be the trustees. I figured this would be the more beneficial option over someone else handling the investing and just collecting the interest, this way the kids will be able to access it and pay for their education and get a head start in life. + +After we retained the lawyer and started the process of switching who the inheritance would go to I was informed that he also had an IRA that had no beneficiary named and that would go to me. Due to his age when he passed I will have to take a minimum out every year (RMD). I took control of that account a few months ago and kept it with the advisor because of my inexperience and thought I would see how it goes. The account started with just over 1 million and has fluctuated quite a bit through what’s going on in the market but is pretty much at it’s starting point. + +I never thought I would have this type of money and although it’s a huge relief it’s also a bit intimidating not to mess things up. My initial thinking was to just leave everything alone and continue with our normal lives because I’ve never really been a risk taker. I haven’t told anyone except my immediate family and don’t really plan to. I’ve read some great posts and comments in this sub for awhile and just thought I’d put this out there and get some unbiased opinions. Thank you for reading. +[https://www.barrons.com/articles/warren-buffetts-berkshire-can-acquire-nearly-a-25-of-bank-of-america-51596231422?mod=hp\_DAY\_4](https://www.barrons.com/articles/warren-buffetts-berkshire-can-acquire-nearly-a-25-of-bank-of-america-51596231422?mod=hp_DAY_4) + +&#x200B; + +So he's definitely going to buy 25% of Bank of America is what I just gathered from this. He can get away with not being a bank holding company now with special permission. +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! + +Hi friends, + +I've recently moved out of a house which I shared with three friends. We paid $900/wk in rent and have done so for the last 3 years ($140,400) without issue. In this time, I feel that we haven't asked for much but have replaced most of the lights with LED, upgraded the bin size at a cost, replaced window crankers that would not turn when we moved in and kept the house in what we felt was good order. + +Even though the house looks great from the exterior, there are some significant design flaws that make it feel like an oven in the summer, entry points for insects and electrical faults... essentially it's not as great to live there as you would think. The land plot is just under 500 m². During the most recent inspection, the head property manager made a fuss about protecting the value of her client's investment and nitpicked things such as grout in the shower, elevated window cleaning and cleanliness. She then proceeded to run an open house with about 50 people within 15 minutes around the time of the Northern Beaches COVID19 cluster while all our belongings were still in the house. + +Prior to moving out, we paid out of pocket for a gardener and ended up paying $1400 for the bond-back cleaner recommended by the REA. I felt the cost was extortionate given the cleaning took around 8 hours, however we are all hardworking professionals and my housemates would rather not spend the time fighting it (and we also felt that trying to clean to the place to their standard would have been futile) . + +&#x200B; + +We received the following email today: + +Overall the property has come back quite well so thank you for arranging the cleaning and gardening. + +There are just a few issues noted that I've spoken with the owner on. + +There were a number of small stains throughout the carpet. As they are all quite small the owner is happy to seek a small amount of compensation rather than replacement. We feel $300 is quite reasonable as it is 3 bedrooms that are affected. + +There is also a burn looking stain on the kitchen benchtop and then a rust looking stain on the laundry benchtop. We feel $100 towards each is reasonable. + +The only other issue is the paint that has been removed by the sticky tape in 2 of the bedrooms. It has come off from some of the walls and the door and window frames. We feel $150 for this is reasonable. + +So a total of $650 compensation. + +The cleaner is returning today to complete all the missed cleaning so that is all sorted. + +&#x200B; + +My feeling was to ignore the email, apply for the entire bond back via RBO and let them go through NCAT if they feel entitled to more money. I feel we have been good tenants and deserve more respect. My housemates would like to return the email and low-ball the demands, aiming to pay maybe half of that. + +I'm tired of being taken advantage of as a tenant in NSW, and was wondering how you would respond to the above? +Have been reading the chatter on the usual sauces about nobody needing "more than a $5m super balance" because dividends on that amount invested equate to something like $350k/ann tax free as a retirement pension. + +Sounds reasonable. + +Not that I'm in any danger of ever having that kind of earning capacity, but with a $27k/ann cap on contributions - how are "these people" getting to a $5m balance with this relatively low per annum contribution cap? + +Is it through SMSF? Dodgey investments in said SMSF? Multi-party funds/SMSF? Money laundering? +There is literally no turning back now. Tomorrow (or even AH today) is the day to put the final nail in the coffin by breaking $150 (or even $175)and setting up one of the most incredible options gamma squeezes in history, potentially leading to MOASS, too. + +RC has shown he is ready to rumble. I am 💯 certain that even if he has to buy a few millions shares tomorrow to push the price up, he will. This is literally the last big push. Buy, hold, DRS. In my opinion, it all depends on 2 things: 1) Call options need to be exercised and 2) No paper hands. T+2 from tomorrow might be needed before the gamma comes into play, or else the final push tomorrow puts the writing on the wall and it’s a mad dash to start closing positions to be in front of the rest of the shorts! + +Options people, this may or may not come down to you all to EXERCISE YOUR CALLS!!! We will never have 8 days of incredible green-day volume backed up to this many ITM calls, along with the 90 other cards seemingly in our our favor, ever again. If you don’t exercise, this entire week of upward progress and build up could be for naught. Don’t forget team GME over greed when coming to your own decision on what you want to do with your investments! + +Guys/Gals, think about it. Do you really think RC would go this far with this much gusto just to get to tomorrow’s potential options Gamma and say “Oh well, I tried. I will just try again next cycle.” Hell no! This is absolutely it! + +**Not Financial Advice. Just Common Sense** + +I hope this ages well! + +Edit: an ape friend clarified that RC is not restricted to 5.9Mil shares. He can apparently buy as much as he wants now that the standstill agreement is over. Either way, the point remains that I believe he will buy shares to support the price tomorrow no matter what, because the perfect storm has arrived and the pieces are already in motion! +I sound ridiculous I know, but hear me out. There are over 1000 cryptocurrencies to date. If I had invested an equal amount into every single one in their infancy stages the ROI at this point would be huge. Just a $100 investment in the NXT ICO would be worth over $1million today. I could have invested $100 into every single ICO of any merit and my total investment would be less than $100k. Hindsight is 20/20. But going forward I think I'll just throw $50-100 at projects that show any sort of value at all and I'll just HODL for 5 years and see what happens. Thoughts? + As the Tokoin ecosystem expands, the platform will attract more participants to collaborate on the use of the platform and the use of data accumulated in the platform. + +Research companies, government institutions can access data through the Tokoin platform, also by staking on TOKO tokens, but not providing services for MSME. Advertisers can place targeted advertisements and promotions for the platform user also by exchanging amounts of Toko token. + +Indirect participants do not contribute directly to MSME, but the TOKO token they exchanged for data will be reserved for user incentives. + +https://www.tokoin.io/ + +&#x200B; + +&#x200B; + +https://i.redd.it/2luowvdze8h31.png +From personal trainers to nannies to first class flights: Money can buy many things that smooth the bumps of everday life. I wonder what of these things, services and events, in your opinion, was, in the end, not worth it. + +Two luxuries I'm pretty sceptical about: PT's and vacations in the UAE. +I’ve been a lurker here for a while now, but I’ve been following a lot of great advice. For the last ten years, I’ve been living just with my son on about $11 an hour. No help from the state or child support (which is a long story). I finally moved up a bit in my job, and started a small side business. I’ve been saving every last penny I have to make this possible and thanks to you guys, I should be moving out of my garage apt end of next month! It’s all surreal. I never thought I’d be able to own my own home. I still am working on some down payment money so I’ve decided to have a yard sale and purge all my old stuff which is a win win. Less to move!! Thanks guys!!! I love this group. +Got a call this afternoon from an automated voice, telling me my tax file number had been suspended for fraudulent activity and that it was going to court, and to press 1 to avoid being arrested. + +Obviously, as a 20 year old with nothing to my name, I knew that wasn't right. I did not press 1. I hung up and rang the ATO, and then filed a scam report. The call came from a mobile number, which I also gave them. + +Just figured I'd share here too. +**\*\*\*\*\*\*\*\*\*\* Not a financial advisor. Not financial advice\*\*\*\*\*\*\*\*\*\*** + +https://preview.redd.it/8yfbwi2zasv61.png?width=1170&format=png&auto=webp&s=1c8705410d909110c224cc0a9a7e2ed710f13859 + +Apety apety apes. What's the difference between GME and my wife? GME doesn't fuck the mailman. Though my wife is a legal midget, GME is still wayyyyyyyyyyy more shorted than she is. Alright, enough about me. As always, remember to see my previous posts about the FTD cycle theory or you will be more confused than I am when my wife ISNT cheating on me. Also, I hope you apes like my new avatar. Like everything else I do, my goal was to make it as abusrd and strange as possible. + +So today's post is just gonna be a quick update on what's happening with GME and the FTD Cycle and obviously a meme drop. My plan is to give big updates when something major happens or when I do new research and then smaller updates like these whenever I see necessary of when I get bored. + +**Today** + +Overall, today was a pretty good day. We were up slightly on lower volume but not as low as it has been in recent weeks. We almost hit $200 in the post-market yesterday and I would've liked to see us hit that again today but you cant have everything. Let's take positive days when they're given to us. Here's a day view of the FTD cycle theory. + +https://preview.redd.it/n8f0titsasv61.png?width=1992&format=png&auto=webp&s=d798d43f4e56dd1d6c9a8cc3f5210dca94148443 + +Just want to reemphasize a point that someone made yesterday. When I used a log scale and noted that the FTD Cycle period was increasing linearly, I failed to realize that a linear increase on a logarithmic scale is exponential on a regular scale. This makes complete and total sense because less than a year ago when this started we were trading below $30 and never got near $50 until early January, so the idea that the pattern is exponential seems to make sense. This means that as time goes on, the price should increase rapidly until it's too late. Again, I don't believe that anyone will see it coming when we finally moon, so don't try to predict that. Yes, it's possible to guess when we will see increases, but I don't think it's possible nor beneficial to try to predict when we moon. Finally, I just want to reemphasize the idea that the point of this theory is that it gets more expensive for shorts to continue this game every cycle and that pain seems to be increasing exponentially. + +https://preview.redd.it/icwiyko3bsv61.png?width=1170&format=png&auto=webp&s=82f9e156ff000fa191c03717ba2f8ff8c1fa81e8 + +For the past few days, I've been saying that technicals don't really apply to GME because of the manipulation. I still believe that. However, I have zero self-control. SO I COULDN'T HELP BUT NOTICE THAT WE RESPECTED THAT SEXY UPPER LINE OF THE TRIANGLE AS SUPPORT TODAY OHHHHHHHHH YESSSSSSS DADDY. + +Moreover, I am pretty surprised at the low volume that we've seen so far. The price has definitely been in line with what the theory suggests but volume is still not there. Looking at the chart, it appears that GME is due for a major volume increase very, very soon. My thoughts are that either the price will increase this week gradually instead of all at once (so volume will be spread out) or we will see a sharp jump in volume this week or next week. Whatever way you look at it, it appears that some volume is due soon: + +https://preview.redd.it/hb63f09uasv61.png?width=1818&format=png&auto=webp&s=7f145896c147ae38f6c2614c91aaed2bbdf083bf + +Still looking at the chart above, I also want to note IV (blue line in the volume subgraph). IV is still pretty damn low right now, which will make it easier for a gamma squeeze to happen. It's been decreasing pretty constantly for the past 2 months to pre-squeeze levels, so I would expect that when we see volume increase, we see an increase in IV as well. + +https://preview.redd.it/8n85p3ovasv61.png?width=2220&format=png&auto=webp&s=126f4e952350a3cd960fb6b6102b6ce4ed597c65 + +Also, just want to note that today, we definitely saw a pretty major short attack around 12:30. Yes, the market seemed to go down around then too; however, GME and AMC both went down precipitously, which makes me believe that it wasn't just a normal sell-off. + +https://preview.redd.it/5d7x5xt5bsv61.png?width=914&format=png&auto=webp&s=6525c0ff92eff7d920fb433aa7a3fa9fa27024e4 + +Finally, this is probably the most important part of this DD. I plotted a 200-day exponential moving average (blue line) of GME to see what it looks like on a day timeframe, and it's definitely confirming the idea that each period is getting more and more expensive for them to cover. For those of you who don't understand EMAs, don't be worried about the price being so much lower than the actual candles, the price is supposed to be lower since it's period is 200, so just look at the trend: + +https://preview.redd.it/vrampezwasv61.png?width=2182&format=png&auto=webp&s=e46fc3806553b1592b63cb5654eee422050bed3e + +What's even more interesting is that when you take the exponential moving average, it's definitely starting to look more exponential than it is linear. It was looking linear up until January, which is where it seems to have gone more exponential, what's more important is that post-squeeze, it's continued that trend: + +https://preview.redd.it/7pxear0yasv61.png?width=395&format=png&auto=webp&s=8154eb7d6b70809d9ed7a9dd5a0cb02e1d226ea9 + +**Future DD** + +Still haven't started any big future DD projects but I'm thinking that my next ones will be about trying to find smaller FTD cycles within GME based on different settlement times like T+2 and T+5. I will also probably try to decipher FTD numbers by reverse calculating them based on synthetic longs and ETF shorts, but that will take a long fucking time to do and will be difficult. So, stay tuned for those in the future. + +That's it for today apes. As always, stay strong. + +https://preview.redd.it/1sh0to61bsv61.png?width=812&format=png&auto=webp&s=477a40154acc3ebddae7b46dbb56991381c3de4a + +**\*\*\*\*\*\*\*\*\*\* Not a financial advisor. Not financial advice\*\*\*\*\*\*\*\*\*\*** +^(I originally posted this as a comment in the daily but wanted the hype to reach a wider audience. Sorry, not sorry.) + +# Calling it now: + +GMErica is an entirely new company, completely separate from GameStop but birthed from our beloved.GMErica is a [spinoff](https://www.investopedia.com/terms/s/spinoff.asp). ^(That's a link to Investopedia which explains in more detail what a spinoff is.)GMErica will be the Metaverse and NFT marketplace baby, while GameStop will stay as the brick and mortar/ecommerce momma. + +>A spinoff is when a company takes a portion of its operations and breaks it off into a separate entity. In a spinoff, shares of the new company are distributed tax-free to shareholders of the parent company. + +GME will distribute the new shares of GMErica as NFT dividends to all GME owners at 1-for-every 1 GME share or maybe 7-for-every 1 GME 😉 + +Below is a list of the largest ever spinoffs: + +https://preview.redd.it/ljwi5csh7ai81.png?width=839&format=png&auto=webp&s=4abee91f88f9c22e6557d1840b6e866b76e3b32a + +If you want to be an owner of GME's spinoff, GMErica, you will need the NFT share(s). GMErica will issue regular dividends in the form of NFT's or a cash as a profit sharing model with all shareholders. With a profit sharing model, apes will get continual, growing income from one of the largest, if not the largest, new tech companies in the world. + +All DRS'd shares will be guaranteed the GMErica NFT(s) and shorts will be forced to close their positions or provide the NFT share(s) to the shareholders who own their shorted GME shares. + +This will create a **WOMBO COMBO** squeeze. GME shares will squeeze as shorts try to close their short positions *(duh, we've been talking about this for months)*.At the same time, the new NFT shares of GMErica will squeeze as shorts try to buy the NFT shares to distribute to the owners of their shorted GME shares, themselves. + +&#x200B; + +https://preview.redd.it/wq2yvhno7ai81.png?width=640&format=png&auto=webp&s=bdb003d68c8f9c35a13701d30e85657c4399247b + +Most apes will never want to sell either their GME or GMErica shares because of the regular dividends or profit sharing model, meaning both GMErica NFTs and GME shares will both go way beyond the moon and likely find the edge of the Universe. + +# INFINITY SQUEEZE BABY!! + +Prepare for liftoff Apes. Every single one of us will be taken care of for life after this thing lifts off, whether you have one share or one thousand. + +See you space cowboy. 🚀 + +https://preview.redd.it/qht22vly7ai81.png?width=1125&format=png&auto=webp&s=f9b7d67b2085d51389c81a186ae3378e9b6bc231 + +Edit: Clearly I did something to confuse people with the DRS bit... **ALL SHARES WOULD BE ENTITLED**, but if only 76m shares were released for the spinoff, of course we wouldn't all be able to get one which is why the shorts would be forced to close or issue the equivalent NFT themselves by buying them which would also squeeze the NFT... If you can't, won't or otherwise, DRS your shares, you will still be entitled to the new NFT shares as long as you hold. + +Additionally, this post has a flair of "SPECULATION/OPINION", I'm not writing the Bible, I'm way too smooth for that... calm your tits, but actually don't, just don't be a fucking retarded ape telling me that, tHiS IsN't BaCkEd uP bY aNyThInG! or, tHiS iS JuSt SpEcUlAtIoN! etc etc... no shit sherlock, do you want a gold star? +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! + +Me and my wife just found out we are expecting a baby so we've been trying super hard lately to get rid of our debts and make it so we can live comfortably when the baby arrives. Had to take my little 10 month old kenai to the vet because he was acting very strange, found out he had a bladder Blockage and the surgery to cure him would cost 3100 dollars. We aren't in a position to get more debt so we made the hard decision to instead euthanize him. + +I'm a 23 year old man and I've never cried so much in my life, I wanted to save him so badly but I couldn't put us in a position where we would be drowned with more debt. I feel like I made the wrong decision. + +Ps. Apologies if my grammar is a mess +Where do you think RH got $65m to settle with SEC? + +[https://www.sec.gov/news/press-release/2020-321#:\~:text=Robinhood%20agreed%20to%20pay%20%2465%20million%20to%20settle%20the%20charges.&text=Despite%20this%2C%20according%20to%20the,beat%20that%20of%20its%20competitors](https://www.sec.gov/news/press-release/2020-321#:~:text=Robinhood%20agreed%20to%20pay%20%2465%20million%20to%20settle%20the%20charges.&text=Despite%20this%2C%20according%20to%20the,beat%20that%20of%20its%20competitors). + I do my best thinking when I'm smoking weed. My wife would disagree with that. I'm enjoying my after-work SuperStonk sesh. Cheers to all y'all. + + I'm reading all these Citadel tweets. Damn, they keep getting dumber and dumber, but the theme remains the same: 'KG is being targeted by conspiracy theorists.' And like many of you, I'm wondering: "Who the fuck is Kenny talking to? Who could be dumb enough to believe this shit? And why now?" Who, I asked myself, among the all of the people who are following this particular story, is dumb enough to believe these hackneyed tweets? + + I took a drag on my Kosher Kush, and the answer hit me like a bag of hammers. It's his clients. It's his stupid fancy clients. Ken Griffin's fancy rich celebrity clients are the only people on earth that are both: 1- Following this story, and 2- Dumb enough to believe KG's tweets. + + "And why now?" was the last question. Why is Citadel tweeting now after months of silence? Why not just STFU like his lawyers are begging him to? Is it because the internet hurt his feelings and he just had to tweet out a response? No. + + It's because his clients are pulling their money out of his hedge fund. His clients are hearing rumors and freaking out and they don't wanna be the next Micheal Jordan. They are pulling what money they can, and they sure-as-fuck are not going to give KG another dime until this mess is straightened out. Ken Griffin is tweeting to his clients in an attempt to soothe them. He's doing it because he needs their money. + + Hope you liked my story. Obligatory DRS your shares, y'all. For real. Once we've got every share DRSed, we become the DTC. +(Intro): **I am getting increasingly worried about the amount of warning signals that are flashing red for hyperinflation- I believe the process has already begun, as I will lay out in this paper. The first stages of hyperinflation begin slowly, and as this is an exponential process, most people will not grasp the true extent of it until it is too late.** I know I’m going to gloss over a lot of stuff going over this, sorry about this but I need to fit it all into four parts without giving everyone a 400 page treatise on macro-economics to read. Counter-DDs and opinions welcome. This is going to be a lot longer than a normal DD, but I promise the pay-off is worth it, knowing the history is key to understanding where we are today. + +&#x200B; + +**SERIES (Parts 1-4) TL/DR: We are at the end of a MASSIVE debt supercycle. This 80-100 year pattern** ***always*** **ends in one of two scenarios- default/restructuring (deflation a la Great Depression) or** [**inflation**](https://imgur.com/gallery/3rduvh3) **(hyperinflation in severe cases (a la Weimar Republic). The United States has been abusing it’s privilege as the** [**World Reserve Currency**](https://www.schwab.com/resource-center/insights/content/will-us-dollar-lose-its-reserve-status) **holder to enforce its political and economic hegemony onto the Third World, specifically by creating massive artificial demand for treasuries/US Dollars, allowing the US to borrow extraordinary amounts of money at extremely low rates for decades, creating a Sword of Damocles that hangs over the global financial system.** + +**The massive debt loads have been transferred worldwide, and sovereigns are starting to call our bluff. Governments papered over the 2008 financial crisis with debt, but never fixed the underlying issues, ensuring that the crisis would return, but with greater ferocity next time. Systemic risk (from derivatives) within the US financial system has built up to the point that collapse is all but inevitable, and the Federal Reserve has demonstrated it will do whatever it takes to defend legacy finance (banks, broker/dealers, etc) and government solvency, even at the expense of everything else (The US Dollar).** + +# Updated Complete Table of Contents: (Especially read parts marked with x) + +&#x200B; + +* [Part 1.0: The Global Monetary System](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/) (x) +* [Part 1.5: Triffin’s Dilemma and the New Rome](https://www.reddit.com/r/Superstonk/comments/o4w45f/hyperinflation_is_coming_the_dollar_endgame_part/) (x) +* [Part 2.0: Reflexivity and the Shadows of Black Monday](https://www.reddit.com/r/Superstonk/comments/o727oc/the_dollar_endgame_part_2_the_ouroboros/) +* [Part 2.5: Derivatives and the Alchemy of Risk](https://www.reddit.com/r/Superstonk/comments/o72fc1/the_dollar_endgame_part_25_the_ouroboros/) +* [Part 3.0: Debt Cycles and Great Depression](https://www.reddit.com/r/Superstonk/comments/ogzoco/hyperinflation_is_coming_the_dollar_endgame_part/) +* [Part 3.5: The Money Illusion](https://www.reddit.com/r/Superstonk/comments/oh0m2s/hyperinflation_is_coming_the_dollar_endgame_part/) +* [Part 4.0: The Weimar Republic](https://www.reddit.com/r/Superstonk/comments/png8nu/hyperinflation_is_coming_the_dollar_endgame_part/) +* [Part 4.1: Nightmare of Hyperinflation](https://www.reddit.com/r/Superstonk/comments/ppenly/hyperinflation_is_coming_the_dollar_endgame_part/) +* [Part 4.2: Financial Gravity & The Fed’s Dilemma](https://www.reddit.com/r/Superstonk/comments/qassc0/hyperinflation_is_coming_the_dollar_endgame_part/) (x) +* Part 4.3: Economic Warfare & The End of Bretton Woods (YOU ARE HERE) + +&#x200B; + +**If you haven’t already, PLEASE go back and read all prior posts. We’ll be referring heavily to concepts like Triffin’s Dilemma, Derivative Feedback loops, and Debt Supercycles throughout Part 4. I want to make sure everyone is on the same page as we delve into Part 4, the largest and most comprehensive section yet.** + +**NOTE!- this section will be almost exclusively focused on Triffin’s Dilemma and the structural issues with the Bretton Woods US Dollar Currency system, which are explained in depth in Part 1.0 and Part 1.5- make sure to read these two posts in entirety before continuing.** + +&#x200B; + +# “At World’s End” + +[Credit to Artemis Capital for Artwork](https://preview.redd.it/uhu30f6op7i81.png?width=1368&format=png&auto=webp&s=a21411de1a97397de798f555c3f49fd3f333e9d3) + +# + +# PART 4.2 “Economic Warfare & The End of Bretton Woods” + +# The Dollar as a WMD + +**Most Americans today walk around aware of the fact that they are a superpower. Military parades, fighter jet flyovers at football games, and clips showing American soldiers engaging enemy combatants are commonplace. However, what most Americans do not know, is the secret mighty Excalibur that the U.S. Government wields in order to achieve most of its ends- the Dollar itself.** + +**Since the end of WWII, many conflicts have been resolved through sanctions and negotiation, at the direction of the United States. In almost every case, the U.S. has used the Treasury and it’s control over the banking system, to effectively choke and strangle powerful opponents without ever firing a single shot.** + +&#x200B; + +https://preview.redd.it/jthi609vp7i81.png?width=1338&format=png&auto=webp&s=e5e66e7ead2afff06dc3f2a4cf138bd1009329cf + +&#x200B; + +**This system is best described by Joseph Wang, a former Senior Trader at the Federal Reserve’s Open Market Desk, in his book Central Banking 101 (page 98):** + +**“The Eurodollar system is offshore, but ultimately, all dollar banking transactions no matter the origin will have a link to the U.S. banking system. After all, offshore dollars would not really be dollars if they were not fungible with onshore dollars. The U.S. government has authority over the U.S. banking system, and by extension, over the offshore banking system.** + +**This implies that the US government has authority over virtually EVERY dollar transaction done through the banking system in the entire world. Let’s walk through an example to see how this works.** + +Suppose a bank in Kazakhstan named Kbank has a dollar loan business. Kbank makes a $1000 loan to its client and credits its clients account for $1000. The client then withdraws that $1000 to pay a supplier who banks with a US Bank (named Ubank). Kbank is going to have to settle a payment of $1000 with Ubank. + +**There are two ways it can do this:** + +1. **If it has a reserve account at the fed, then it can send Ubank a wire for $1000 in reserves OR** +2. **If it holds its dollars as a bank deposit at a U.S. Commercial Bank, then it will have to ask that commercial bank to send Ubank $100 in reserves.** + +**In the second case, Kbank’s commercial bank will send $1000 in reserves to Ubank while reducing Kbank’s deposit balance on its books by $1000. In either example, the transaction must go through the U.S. banking system.** + +**The U.S. government, through its control of the U.S. banking system, has the power to shut anyone out of the dollar banking system. If the U.S. government decides that someone should be sanctioned, then that person will not be able to receive or send dollars through banks anywhere in the world.** + +**Banks take these sanctions very seriously because if they are caught violating them, they may also be shut out of the U.S. banking system or SWIFT itself! (Part 1.5 discusses SWIFT). This would be a death sentence to any bank. In June of 2014, BNP Paribas (a French bank) admitted to helping Sudan, Iran and Cuba evade U.S. sanctions and move money through the U.S. banking system. They were forced to pay a breathtaking fine of $9 billion (**[**source**](https://www.reuters.com/article/us-bnp-paribas-settlement/u-s-imposes-record-fine-on-bnp-in-sanctions-warning-to-banks-idUSKBN0F52HA20140701)**).”** + +&#x200B; + +https://preview.redd.it/l4aclz65q7i81.png?width=933&format=png&auto=webp&s=21092072d3bf28223eef820d36fde16a18df8037 + +&#x200B; + +**See below for some more examples- and ALL of these are banks located outside the US:** + +&#x200B; + +[Deutsche Bank fined $258m for violating US sanctions](https://www.theguardian.com/business/2015/nov/04/deutsche-bank-us-sanctions-fine) + +[U.S. Indicts Turkish Bank on Charges of Evading Iran Sanctions](https://www.nytimes.com/2019/10/15/us/politics/halkbank-turkey-iran-indictment.html) + +[Standard Chartered to pay $1.1 billion for sanctions violations](https://www.reuters.com/article/us-stanchart-sanctions-settlement-fed/standard-chartered-to-pay-1-1-billion-for-sanctions-violations-idUSKCN1RL1TV) + +[Report: Bahrain bank helped Iran evade sanctions for years](https://www.mercurynews.com/2018/04/03/report-bahrain-bank-helped-iran-evade-sanctions-for-years/) + +&#x200B; + +(The list continues on and on. Again, these are ALL FOREIGN BANKS- the US technically has no jurisdiction here! This was elaborated on in a book called “[Treasury’s War](https://www.amazon.com/dp/B06XCGB364/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1)” by Juan Zarate, a former senior Treasury official and architect of modern financial warfare) + +**This may not seem a big deal on the surface- these countries are enemies of the United States, right? But this demonstrates how US policy can overrule the policy of sovereign nations such as France. France had no such sanctions against these countries- but the US Treasury Department can effectively force French banks to follow American guidelines!** + +**Imagine if China had this power- and demanded that Canada could not trade with Taiwan, cutting both countries off from the international monetary system if they did so.** + +**To many foreign officials, the US has become drunk with this power, and is using it to tyrannize other countries to follow American policy. (Again, I am not arguing in defense of countries like Iran, which have anti-democratic values, just demonstrating that the US has immense power over even Western countries and can effectively set their foreign policy FOR them)** + +**By sanctioning countries and cutting them out of the US banking system, the US can effectively send them back to the Stone Age. Iran, for example, now has extreme difficulty in settling currency for oil and gas contracts-** [**and has even defaulted to pricing it’s oil in gold in order to receive payment!**](https://www.reuters.com/article/us-iran-oil-payment/iran-to-accept-payment-in-gold-from-trading-partners-idUSTRE81S0GU20120229) + +Many other countries are chafing under this Dollar Dominant system: + +5/22/18- [US Sanction power may be reaching its limit, “response to Iran shows global economy won’t be bossed around forever”](https://www.bloomberg.com/news/articles/2018-05-22/u-s-sanction-power-may-be-reaching-its-limit) + +**“You f\*\*\*ing Americans”, the message read. “Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians?” - UK banker, 2012** + +5/28/18- [India says it only follows UN sanctions, not unilateral US sanctions on Iran](https://www.reuters.com/article/us-india-iran/india-says-it-only-follows-un-sanctions-not-unilateral-us-sanctions-on-iran-idUSKCN1IT0WJ?feedType=RSS&feedName=worldNews) + +5/9/18- [Australia and Japan still support Iran Deal](https://apnews.com/article/donald-trump-ap-top-news-malcolm-turnbull-japan-north-america-7769da33651a449196128dbdf1bcf48c) + +6/6/18- [Merkel warns of G-7 split over Trump’s “America First”, says World becoming “re-ordered globally”](https://www.bloomberg.com/news/articles/2018-06-06/merkel-warns-of-g-7-summit-split-over-trump-s-america-first) + +&#x200B; + +**The US, by controlling the World Reserve Currency (The Dollar), wields immense economic and financial power over most of the globe. However, this power corrupts and corrodes the host over time- and warning signs are beginning to appear signaling that America’s time as global economic hegemon may be coming to an end.** + +&#x200B; + +# The Unraveling of the Global Monetary System + +Before we continue, let us do a quick review of the essential paradox of Global Reserve Currencies- Triffin’s Dilemma, covered in depth in Parts 1 and 1.5. (Again, please go back and read these sections!) + +**In August 1971, after the closing of the Gold Window, the Dollar was officially off the Gold Standard. In the turmoil that followed, currency markets began to experience rapid volatility and signs of inflation began to appear. Many G10 countries began to worry about the Dollar’s sustainability as a world reserve currency.** + +**In a meeting of the G10 in late 1971 in Rome, US Treasury Secretary John Connally** [**famously quipped**](https://www.ipe.com/the-dollar-is-our-currency-but-its-your-problem/25599.article)**,** + +# “The Dollar is OUR Currency, but YOUR problem!” + +# + +https://preview.redd.it/7gmwubsjq7i81.png?width=299&format=png&auto=webp&s=c7112b19e234b91cdc6ebe5b259439180de077b5 + +&#x200B; + +**He was referring to Triffin’s Dilemma, and the unfavorable effects it would have on developing countries while boosting US economic and thus political dominance.** + +[The Triffin dilemma](https://en.wikipedia.org/wiki/Triffin_dilemma) or [Triffin paradox](https://www.investopedia.com/financial-edge/1011/how-the-triffin-dilemma-affects-currencies.aspx) is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global [reserve currencies](https://en.wikipedia.org/wiki/Reserve_currency). + +&#x200B; + +Quick recap: + +* Post WW2, the US Dollar became the World Reserve Currency (WRC), and thus was used as a “safe haven currency” by other central banks, and used as a settlement currency for international trade. +* This creates massive artificial demand for US Dollars and Treasuries, since these nations need them for trade and to hold in reserve in case of a crisis in their homeland (Thailand in 1997) +* This global demand for US Dollars means the US has to be a Net EXPORTER of Dollars. The opposite side of the trade of Dollars is Goods/Investments, and thus the US has to be a Net IMPORTER of Goods/Investments. +* This means the US HAS TO consume more than it produces, and receives more investments than it makes. Over time, this leads to a US surplus of debt and consumption, and a lack of investment and production. +* For example, Manufacturing jobs thus get transferred overseas, bolstering the economy of foreign countries (China) and weakening the host country (US). +* This loss of manufacturing means wage deflation/stagnation in US as domestic jobs disappear +* (Thus contributing to political polarization and economic dispair, rising rates of depression/suicide and drug abuse, homelessness) +* The artificial demand for Treasuries also lowers borrowing costs massively, inducing the US government to borrow and spend more than it otherwise would, creating fiscal deficits and unsustainable levels of debt. +* Eventually, the United States will reach a breaking point, where the manufacturing base is completely gone, and the debt levels are so high, that foreign creditors will not lend it money any more. +* When this happens, the Government’s only recourse is to either slash spending immediately (which will lead to severe recession) or print dollars, which will lead to rampant inflation. +* The Endgame is the replacement of the World Reserve Currency with a new one, which can cause horrible inflation, as the old WRC loses demand and all overseas dollars come back to the US to roost. + +(Below is a graphic of the results of US being a WRC holder from the point of view of a developing country, Liberia) + +&#x200B; + +https://preview.redd.it/03e74houq7i81.png?width=1432&format=png&auto=webp&s=3012e41da534af2a70acbac814af54e04f810d59 + +&#x200B; + +The Trade Deficit was mostly propped up in the 1950s and 1960s as Europe rebuilt after the carnage of WW2 and the US was able to be a manufacturing powerhouse. Global trade was mostly centered around the US, so the US did not need to really export dollars and the ill effects of Triffin’s dilemma. Post 1974, and the entry of the Petrodollar system, and Balance of Trade deteriorated significantly as global trade boomed and the US began to need to constantly export dollars (i.e. import goods / grow trade deficits). + +&#x200B; + +https://preview.redd.it/rkkmp0h3r7i81.png?width=684&format=png&auto=webp&s=f30576c41e9b5cbeb942ffb46c6353b8c298709b + +&#x200B; + +[Lyn Alden](https://www.lynalden.com/fraying-petrodollar-system/) summarizes the issue perfectly: + +“When most other countries run trade deficits, they eventually have a big enough currency devaluation so that their exports become more competitive and importing becomes more expensive, which usually prevents multi-decade extremes from building up. + +However, because the petrodollar system creates persistent international demand for the dollar, it means the US trade deficit never is allowed to correct and balance itself out. **The trade deficit is held open persistently by the structure of the global monetary system, which creates a permanent imbalance, and is the flaw that eventually, after a long enough timeline, brings the system down**.” + +**For those of us who follow monetary economics closely, omens of the death of the Dollar as WRC are beginning to appear.** + +We’ll start with Treasuries, the backbone of the Global Financial System. + +Remember, foreigners have to recycle their trade surpluses back in USDs in order to settle global trade and hold enough currency reserves in their Central Banks. Historically, they did so by buying US Treasuries, since these are considered “risk free assets” (See [Foreign Holdings of Federal Debt](https://fred.stlouisfed.org/series/FDHBFIN), below) + +&#x200B; + +https://preview.redd.it/u2irjrt8r7i81.png?width=1170&format=png&auto=webp&s=ae3789be86df4cba364f73735c5eb24a147e89d3 + +After the 2008 financial crisis, the US Government began borrowing heavily to pay for programs like TARP and increased unemployment benefits. The majority of this borrowing was backstopped by Foreign Creditors, who bought around 70% of the new debt issued (the Fed bought most of the rest). + +But, since 2014-2015, Foreign Creditors (Central Banks, FIs) began easing up on their purchases of Treasuries. So much so, in fact, that their holdings began to flatline, and there were no (or very low) net increases for several years. **This is surprising given the fact that the trade deficits were still increasing, so the US was still sending out more dollars into the world than it received!** + +**From 2018 to now, Federal Debt ballooned by a whopping $9T ($21T to $30T today), but foreigners only bought a measly 14% (1.3T) of it. Again, a drastic decrease from their buying patterns of prior years.** + +**So, this begs the question- if they aren’t lending the US Government, why? And where are their surplus dollars ending up?** + +**Answer: They’ve stopped lending to the US Government because of increasing worry of default risk. The US has taken on too much debt, and interest rates are too low to provide any sort of return.** + +**They still need to recycle their Dollar Surpluses effectively- one easy way to do this is to buy assets denominated in USD (equities, real estate, etc). So, they have started massively investing in American assets, as reflected by the Net International Investment Position (NIIP), shown below: (Credit to** [**Lyn Alden**](https://www.lynalden.com/)**)** + +&#x200B; + +https://preview.redd.it/n8ioqgvbr7i81.png?width=1364&format=png&auto=webp&s=2fd656ef42cd87cf60bf93503ef3f0c7bfb3c089 + +(The Net International Investment Position of a country measures how much foreign assets they own, minus how much of their assets that foreigners own, and the chart above shows it as a percentage of GDP. **As of this year, the United States owns $29 trillion in foreign assets, while foreigners own $42 trillion in US assets**, including US government bonds, corporate bonds, stocks, and real estate.) + +**This represents a negative 60% NIIP, and has fueled the creation of a massive stock and real estate bubble. All this massive investment has helped to boost economic growth in the past- however it also creates systemic risk.** + +**With foreigners owning so much of US assets, it means that a large proportion of wealth creation is being siphoned overseas, and doesn't recycle back into American communities. This contributes to wealth inequality globally, and in the US as well.** + +**Further, this creates the potential for a massive “rug-pull” on the American economy. If foreign investors began to lose confidence in the US economy, they could essentially begin a run on the Dollar. This would begin by massive sales of US Treasuries, but could spread to stocks and real estate, causing widespread deflation worse than 2008.** + +**The Fed would then be faced with the grim choice of either letting $42T of US assets be fire-sold into a New Great Depression, or ramp up Quantitative Easing to buy the assets on sale- untold trillions of dollars would need to be printed. This would make the current QE program look like a joke in comparison.** + +**(Again, this is a worse-case scenario; I am not asserting that it will happen, but an event like this could be one of the triggers for much worse inflation, and indeed, potential hyper-inflation.)** + +Many of these countries do not *necessarily* *want* to invest in US assets, especially Treasuries- but they are *forced to* due to the structure of the system and the fact that there just isn’t any good alternative (for now). + +**For countries that are geo-political rivals of the US, this system is an extremely potent force to help the US maintain status as an economic superpower. This was put best by Charles Duelfer, quoted in the book Mr. X Interviews Volume II (page 87):** + +&#x200B; + +https://preview.redd.it/oq40hooir7i81.png?width=862&format=png&auto=webp&s=32c8ffa0901f5feffff64c35c0f7eb704ca7cd69 + +**These rivals, particularly Russia, China and Iran, have been hurt the worst by US sanctions and economic warfare. They are also at the forefront in trying to displace the Dollar as WRC in order to strip the United States of it’s “**[**exorbitant privilege**](https://en.wikipedia.org/wiki/Exorbitant_privilege#:~:text=The%20term%20exorbitant%20privilege%20(privil%C3%A8ge,purchased%20in%20their%20own%20currency.)**” (Per Part 1.5).** + +&#x200B; + +**See the below links for reference:** + +**8/14/14-** [**Putin says USD monopoly in global energy trade is damaging economy**](https://www.reuters.com/article/ukraine-crisis-putin-dollar/putin-says-russia-should-aim-to-sell-energy-in-roubles-idUKL6N0QK3BP20140814?edition-redirect=uk) + +**11/26/10-** [**Putin: It’s quite possible Russia could join EU currency zone, create currency that would eclipse the USD**](https://www.telegraph.co.uk/finance/currency/8163347/Putin-Russia-will-join-the-euro-one-day.html) + +**6/1/15-** [**Russian Oil Giant Gazprom begins selling oil to China in renminbi (CNY) rather than dollars**](https://www.ft.com/content/8e88d464-0870-11e5-85de-00144feabdc0) + +**6/24/15-** [**China likely to get nod for CNY gold fix soon, could compel foreign suppliers to pay in CNY**](https://www.reuters.com/article/idUSKBN0P40D520150624?irpc=932) + +**9/14/17-** [**China aims for dollar-free oil trade**](https://asia.nikkei.com/magazine/20170914/Business/China-aims-for-dollar-free-oil-trade) + +**10/11/17-** [**Saxo Bank: USD reserve status at risk as China begins to de-dollarize**](https://www.cnbc.com/2017/10/11/the-us-dollar-may-be-at-risk-as-the-global-reserve-currency.html) + +**10/14/17-** [**The petrodollar system is being undermined- Barrons**](https://www.barrons.com/articles/the-coming-renaissance-of-macro-investing-1507957012?mg=prod/accounts-barrons) + +**11/20/13-** [**PBOC (Central Bank of China) says no longer in China’s interest to boost FX reserves (aka buy USDs)**](https://www.bloomberg.com/news/articles/2013-11-20/pboc-says-no-longer-in-china-s-favor-to-boost-record-reserves) + +&#x200B; + +https://preview.redd.it/f8gni9mur7i81.png?width=1348&format=png&auto=webp&s=8a2bbe98b274a705f2f45d2e5fe82eea18ba4cbf + +&#x200B; + +**9/12/17-** [**US Treasury Sec Mnuchin threatens banning China from “dollar system” (SWIFT)**](https://www.bloomberg.com/news/articles/2017-09-12/mnuchin-threatens-financial-sanctions-on-china-over-north-korea) + +**8/24/17-** [**Saudis may seek funding in CNY (Chinese Yuan)**](https://www.reuters.com/article/us-saudi-china/saudis-may-seek-funding-in-chinese-yuan-idUSKCN1B413R) + +**2/16/16-** [**Chinese general says contain the US by attacking its finances**](https://www.theepochtimes.com/chinese-general-says-contain-the-united-states-by-attacking-its-finances_1967150.html) + +**These countries aren’t alone- as we covered in the beginning, even allies such as the UK, India, Germany, and others are tired of being exploited by this system.** + +**The Exorbitant Privilege created by Triffin’s Dilemma means that these countries have to work hard to produce goods, which are swapped for Dollars (which we can print out of thin air). They then have to exchange these Dollars for US assets instead of investing in their own countries.** + +**We get cheap goods and cheap debt, fueling our overly consumerist culture- while they get more inflation and less investment in their own economies.** + +**\~\~** + +**However, the ill-effects of Triffin’s Dilemma are building up and corroding the very system which provides the US with so much economic dominance.** + +**In 2014/2015, on a Net basis, Global Central banks stopped buying US Treasuries. Essentially, they decided to stop funding growing US deficits, which means that now the US is on the hook for any new spending our government incurs. (**[**Credit to Luke Gromen for chart below**](https://fftt-llc.com/)**:)** + +&#x200B; + +https://preview.redd.it/l4kp2784s7i81.png?width=1132&format=png&auto=webp&s=598bcf8f89930f6533e1a2a7df8ad89c2dad92e6 + +Since there is no (or very little) new lending coming into the US from Global CBs, we had to source it ourselves. **This began with structural changes to Money Market Funds and Bank Capital Requirements (Basel III, Dodd-Frank) that FORCES MMFs and Banks to buy Treasuries for their Balance Sheets. (**[**Expansion of Government MMFs, covered in my DD on RRPs here**](https://www.reddit.com/r/Superstonk/comments/oxsde3/major_signals_are_flashing_code_red_in_the_shadow/)**)** + +**The amount of funds managed by Government MMFs doubled from $0.8T in 2014 to $2.1T in 2016 and then $3.9T by 2020. These MMFs almost exclusively bought short maturity Treasuries (called T-bills), essentially becoming a new large lender for the US Government.** + +**However, there was only so much money in the money markets for this, so it would only buy a limited amount of time. Beginning in March 2020, the Federal Government began massive fiscal expenditures to prop up the economy and deal with the fallout from Covid-19.** + +&#x200B; + +https://preview.redd.it/8sf4h7yes7i81.png?width=713&format=png&auto=webp&s=5ddb3032de8819f4666057fdc40c196e826b11b5 + +***Source-*** [***Bianco Research***](https://www.biancoresearch.com/visitor-home/) + +**This time was different- since Global CBs were no longer lending en masse to the US, we had to print the difference. The Fed had to step in and backstop the Treasury. US fiscal deficits, which “hadn’t mattered” for 40 years, now began to matter!** + +**Foreign CBs barely increased their Treasury holdings, and to ensure the US Govt wouldn’t go bankrupt, the Fed had to print trillions of dollars to buy up all the new debt being issued (**[**source**](https://fred.stlouisfed.org/series/TREAST)**).** + +**“That’s not exactly how the “global reserve” currency is supposed to work. It’s like a restaurant chef eating her own cooking more than her customers do. This is what other non-global-reserve countries look like. Within one year, the Fed went from owning half as much Treasuries as foreign central banks combined, to more than them combined.”- Lyn Alden** + +**In 2008, when the Fed did this, the money had stayed in the banking system due to the nature of QE (covered in Part 3.5). However, now it was the US Government and indeed the entire US economy that needed to be bailed out, so that is where the dollars had to flow.** + +**This led to a massive influx of dollars into the real economy, and thus the recipe for a large surge in inflation in the coming years. So far, it looks like we are seeing this play out in real time, as January 2022 CPI came in at a blazing 7.5%!** + +**With fiscal deficits running at** [**$2.8T in 2021**](https://bipartisanpolicy.org/report/deficit-tracker/#:~:text=The%20federal%20government%20ran%20a%20deficit%20of%20%242.8%20trillion%20in,revenue%20increases%20outpacing%20expenditure%20growth.)**, and foreign CBs only financing 14% of it, that means there is $2.4T of Treasuries that need to be bought- the Fed will likely have to print all of it.** + +**Thus, the Fed will likely have to print around $2.4T, every year, for the foreseeable future. Inflationary feedback loops, discussed in Parts 4.0 and 4.1, will kick in, and these figures will grow. The Fed will have to print more and more just to keep the US Govt afloat.** + +**All the borrowing of the past is coming back to bite.** [**Officially, just a few weeks ago, US Debt hit $30 Trillion**](https://www.nytimes.com/2022/02/01/us/politics/national-debt-30-trillion.html)**! This doesn't include the $5T of liabilities that the US Government owes to itself or the** [**staggering $162 Trillion in unfunded liabilities**](https://alec.org/article/americas-national-debt-a-rendezvous-with-reality/)**!** + +&#x200B; + +https://preview.redd.it/3gab667ns7i81.png?width=1104&format=png&auto=webp&s=4e455cc11f1605d1a26ca60f0b9bb272d671aaf4 + +&#x200B; + +(Unfunded liabilities refers to payments that the US has promised to make, such as Social Security, Medicare, Medicaid, pensions. Technically, this isn’t classified as debt, but it is a promise from the US Govt to give future $$- where will this money come from?) + +**At $30 Trillion, a 1% increase in interest rates means an additional $300B in interest payments annually that must be paid. Who will lend the Treasury this money as the Gov’t continues to dig its own grave, and inflation rates rise above 7%?** + +**Answer: The Lender of Last Resort- the Fed** + +**It is no surprise therefore that cognizant leaders in foreign countries see the writing on the wall and have begun to pull support for USD. Would you want your countries' currency being invested in a “global reserve asset” that is losing 7.5% of its value (more like 15%) every year, and is projected to lose even more as the debt payments come due?** + +**A 2017 paper published by the Bank of International Settlements called “**[**Triffin: Dilemma or myth?**](https://www.bis.org/publ/work684.pdf)**” restates the core issue perfectly (summarized):** + +&#x200B; + +https://preview.redd.it/p9f4fr3us7i81.png?width=738&format=png&auto=webp&s=938b02d436472dc94ad6de3943d2938c67e2ddea + +**The elites understand this issue perfectly- but the reason the system did so well for so long is that the US debt levels were manageable, and there were structural advantages the US had that helped it immensely (deep and liquid bond + stock markets, large population, large % of global trade)** + +**But they also understand that Triffin’s Dilemma is the final nail in the coffin- it has meant that every country has lasted as WRC holder for an average of only 80 years!** + +**To put it another way, the host country (US) has to decide to either not print $$ and import goods, which halts global trade (not enough $$ to settle trade)** + +**OR** + +**It has to decide to run current account deficits (to keep the global economy running) at the expense of burying itself in debt, eventually having to print their way out (which will kill the USD as WRC holder).** + +**This has happened before to Portugal, Spain, Britain- all colonial empires, who saw their might stripped from them as they devalued their currency and lost economic hegemony.** + +**I noted this to a colleague-** + +**“This system also hands China a nuclear option- they now have a massive hoard of over $1T of Treasuries. They have their finger on the button. If they dump them all, they would bring on Armageddon in the bond markets, and force the Fed to print another Trillion or so, perhaps scaring other countries to start dumping their bonds, which would force the Fed to print Trillions more. It would be all out economic warfare.”** + +**He rebutted- “The Chinese wouldn’t do that. It would harm their own economy, that would be tantamount to shooting themselves in the foot”.** + +**I replied- “But their foot is placed against our head”** + +&#x200B; + +# Smooth Brain Overview + +1. Triffin’s Dilemma creates Artificial Demand for USD, propping up value +2. US exports Inflation to poorer countries +3. Move of Manufacturing Base from Importers (US) to Exporters (China) +4. This creates wage deflation in US- stagnant wages for US workers +5. Massive build up of Debt in WRC holder (US) +6. Build up of dollars in overseas bank accounts (Eurodollars) +7. Increasing levels of debt and inequality in WRC (US) as corporate profits soar and wages flatline +8. Eventually, the manufacturing base is gone, debt levels are too high, which forces the US to print $$. +9. This causes global inflation, and foreign countries don’t like seeing their hard earned Yen or Pounds being transferred into a currency being printed to oblivion. They stop lending to the US. +10. The Fed now has to print even MORE $$ to keep the US Govt afloat. +11. Inflation problem gets worse. #9 and #10 Repeat in a vicious cycle. +12. Change of WRC, which causes depression in holder (Britain in late 1920s) + +&#x200B; + +# Conclusion + +Most Americans today are unaware of the great benefits and might bestowed upon them due to the US being the holder of a WRC. Drunk with power, Presidents from Nixon to Obama have started and continued large scale “forever wars” in Vietnam, Iraq, Afghanistan, and Yemen. + +**Post Bretton Woods, the US has become an Empire, and has essentially created financial colonies in most of the Third World- by forcing them to use US dollars, these countries subordinate their economies to support the value of the dollar, allowing the US to borrow and spend recklessly without immediate consequence.** + +**Further, by using USDs, these countries’ banks are routed through the US banking system and are thus subject to US Foreign policy, even policies that are not supported by the United Nations. The US can essentially extend its jurisdiction over much of the global economy, and cut off trade for those countries who protest.** + +**But this power comes with a cost- by exporting jobs, wages deflate across the US and wealth inequality worsens. Political polarization quickly follows, along with the destabilization and corruption of Institutions.** + +**The drums of Economic Warfare have begun to beat. China and Russia are bristling for conflict. Can the United States survive the onslaught?** + +**The Endgame Approaches. No Empire lasts forever.** + +&#x200B; + +&#x200B; + +# BUY, HODL, BUCKLE UP. + +# >>>>>>>TO BE CONTINUED >>>>>>> PART FOUR “AT WORLD’S END” + +**(Adding this to clear up FUD- My argument is for hyperinflation to begin in a few years- this is a years- long PROCESS, and will take a long time to play out. It won't happen tomorrow, but we are in the same situation as Germany after WW1. BUY AND HOLD)** + +*Nothing on this Post constitutes investment advice, performance data or any recommendation that any security, portfolio of securities, investment product, transaction or investment strategy is suitable for any specific person.* + +\*If you would like to learn more, check out my recommended reading list [here](https://docs.google.com/document/d/1nSw9odLoExaq0oEBqIHrCK1Xj5KfyjBkGQZ93LTh34g/edit?usp=sharing). This is a dummy google account, so feel free to share with friends- none of my personal information is attached. You can also check out a Google docs version of my[ Endgame Series here](https://docs.google.com/document/d/1552Gu7F2cJV5Bgw93ZGgCONXeenPdjKBbhbUs6shg6s/edit?usp=sharing). + +&#x200B; + +# You can follow me on Twitter u/peruvian_bull. I also have a Medium account [here](https://medium.com/@peruvianbull) + +All other accounts are impersonators/scam accounts. I will never ask for personal information, nor solicit or offer financial advice. +Intro: This will be an evaluation of 4 of the Big 5 of the defense industry. I purposefully left out Boeing (BA) due to several reasons. Key among them being that, while they do a large amount of business within the defense sector, a majority of their revenue comes from commercial sales. + +The following evaluation will cover each of the four company profiles followed by evaluations regarding: valuation, growth, profitability, dividends, debt, and intangibles. I will make my personal remarks in the conclusion followed by my disclosure and holdings. Enjoy! + +**Lockheed Martin company profile**: + +Lockheed Martin Corporation (LMT), a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; the Littoral combat ship; simulation and training services; and unmanned systems and technologies. It also supports government customers in cybersecurity; and delivers communications, and command and control capabilities through mission solutions for defense applications. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland. + +**Northrop Grumman company profile**: + +Northrop Grumman Corporation (NOC) operates as an aerospace and defense company worldwide. The company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. The Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems for strategic and tactical intelligence, surveillance, and reconnaissance (ISR) missions; and long-range strike aircraft systems, tactical fighter aircrafts, and airborne battle management systems. The Defense Systems segment offers weapon and mission systems for the U.S. military and civilian agency customers. Its principal products and services include integrated battle management systems, weapons systems, information technology services, and intelligence operations. This segment provides command and control and weapons systems, including munitions and missiles; precision strike weapons; propulsion, such as air-breathing systems; and gun systems and precision munitions. It also offers life cycle service and support for software, weapons systems, and aircraft; security services, including information and cyber operations; intelligence analysis and support; and IT infrastructure, such as cloud. The Mission Systems segment offers command, control, communications, and computers ISR systems; radar, electro-optical/infrared, and acoustic sensors; electronic warfare systems; communications and network systems; processing systems; navigation; and maritime power, propulsion, and payload launch systems. This segment also provides airborne sensors and networks; cyber and intelligence mission solutions; maritime/land systems and sensors; and navigation, targeting, and survivability solutions. The Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. Northrop Grumman Corporation was founded in 1939 and is based in Falls Church, Virginia. + +**General Dynamics company profile**: + +General Dynamics Corporation (GD) operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as oil and product tankers, and container and cargo ships. This segment also provides submarine maintenance and modernization services; lifecycle support services for navy surface ships; and program management, planning, engineering, and design support services for submarines and surface-ships. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, weapons systems, munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, armored vehicles, weapons systems, and armaments. This segment also offers modernization program, engineering, support, and sustainment services. The Technologies segment provides information technology solutions and mission-support services; mobile communication, computers, and command-and-control mission systems; and intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers. This segment also offers cloud computing, artificial intelligence, machine learning, big data analytics, development, security and operation, software-defined network, everything as-a-service and defense enterprise office system solutions. General Dynamics Corporation was founded in 1899 and is headquartered in Reston, Virginia. + +**Raytheon Technologies company profile**: + +Raytheon Technologies Corporation (RTX), an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations. This segment also designs, produces, and supports cabin interior, communications and aviation systems, oxygen systems, food and beverage preparation, storage and galley systems, and lavatory and wastewater management systems; airborne intelligence, surveillance and reconnaissance systems, test and training range systems, crew escape systems, and simulation and training solutions; information management services; and aftermarket services that include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and information management services. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units. The Raytheon Intelligence & Space segment develops and provides integrated sensor and communication systems for missions, training, and cyber and software solutions to intelligence, defense, federal, and commercial customers. The Raytheon Missiles & Defense segment designs, develops, produces, and sustains integrated air and missile defense systems; defensive and combat solutions; land- and sea-based radars; command, control, communications, and intelligence solutions; and naval and undersea sensor solutions for the U.S. and foreign government customers. The company is headquartered in Waltham, Massachusetts. + +**Valuations**: + +With seemingly low P/E ratios (under the S&P average), all four would appear to be undervalued. However, compared to their historical P/E ratios, LMT (14.32), NOC (11.75), and GD (16.82) are fairly valued while RTX (with the highest P/E of the bunch at 29.61) is overvalued. LMT registers an 11.41 P/B as well, but that’s is relatively in-line with its historical average. + +**Growth**: + +Revenue has grown for LMT and NOC. GD has remained steadfast in its growth, however it has come across stagnant margins but declining CAPEX. RTX has declining revenue, growing CAPEX, and declining ROE growth. RTX’s declining revenue and growing CAPEX spell bad news in the medium term. However, their evenly segmented revenue stream provides a diversification cover that could save them from too much damage. Increased space-based military spending will continue to benefit LMT and NOC. + +**Profitability**: + +All 4 sport a similar profit margin, LMT at 13%, NOC at 20%, GD at 16.5%, and RTX at 15%. LMT retains the highest ROE at a whopping 143% compared to the second closest NOC with 46%. RTX actually has a negative ROE. Although RTX does have the best FCF margin. All four remain profitable in varying degrees. + +**Dividends**: + +LMT, RTX, and GD all offer between 2% and 3% yields. NOC offers a 1.7% forward yield. All 4 payout ratios remain healthy, with RTX moderately higher than the rest at 55% of this years earnings estimates and 75% based on TTM. LMT, NOC, and GD all offer between a 9% and 13% 5-year CAGR, while RTX’s 3.4% 5-year CAGR lags substantially. GD is the only one that has reached Dividend Aristocrat status, having grown its dividend for 26 straight years. RTX is close at 21 years. NOC at 16 years, and LMT for only 2 years. Finally, LMT’s covered ratio is significantly higher than the rest at 15.53, while RTX’s is significantly lower at only 1.72. GD is at 8.38 and NOC is at 6.74. + +**Debt**: + +All four have a current ratio above 1, but only LMT and NOC have quick ratios above 1. GD’s quick ratio is at 0.86 and RTX’s is at 0.79. LMT has been paying down their long-term debt recently, while the other three have been maintaining their long-term debt evenly. + +**Intangibles**: + +LMT has probably the widest moat of all four due to their continued success from R&D including patents. LMT also has the most impressive ROE, showing good use of capital. The one drawback is their increasing use of CAPEX which ideally would be offset by the above mentioned items. LMT’s foreign exposure is around 25% of sales (mostly to American allies). Additionally, LMT relies heavily on the F-35, representing approx. 27% of sales. + +NOC has a fairly small international market share - just 17% of their sales resulting from international sources. However, that margin is expanding faster than the other three companies. + +GD has 39% foreign exposure. GD relies more on its IT systems and marine segment than their peers as well. + +RTX has between a 10% and 40% foreign exposure (30% of its sales are listed as classified). Most of that coming by it’s popular missile and defense segments; of which it is evenly split 53% domestic and 47% international. + +**Conclusion**: + +Because of more direct competition between LMT and NOC in the aero/space segments, this seems more like an either/or situation. Basically, I’d just pick the winner (both may end up being winners to varying degrees). Either way, I think both are a buy, having both might just be too much leverage in the same segments in the defense industry. GD is relatively stable and to me is a safe, income play for dividend portfolios. It earns a buy rating from me, as long as their revenue doesn’t begin a downward trend. RTX being overvalued, rocky growth, less-than-desirable margins, and low CAGR/higher payout ratio make it the worst of the four. RTX earns a neutral rating. It is nearly a sell rating, but I’m taking a wait-and-see approach to see if they can recover from their recent revenue drop. If it continues to decline, then it would earn a sell rating. + +Thank you so much for taking time to read this. I am not a professional, so I might have missed something or not included certain metrics. Otherwise, I hope this helped you! + +Disclosure: Not a financial advisor, just my opinions. I have positions in LMT and GD. +Any landlords on here just curious if it has been a success for you guys. I personal have 42 single family homes and have been doing it for 16 years and definitely has its ups and downs. +I'm curious to know more about the state of the Australian IT job market in terms of salary, experience, and roles. Most people that actively post here skew things to the higher end in terms of salary, giving people a false impression of their earning potential. Many people also work for overseas companies or are living in the US and still come to this sub since they're from Aus originally - and we all know that US IT jobs pay much better than here. + +So I invite anybody and everybody here regardless of experience or salary, that works in IT/software development, to post what you do, how much you get paid, what your role is, and whether you enjoy it! + +I can start. + +Software engineer. 4 years experience. $87k base salary (+9.5% super). Private sector. +I’m holding BTC, ETH, ADA, and small amounts of about 30 other cryptocurrencies. I keep having this thought that over the next two years, we’re going to see a bear market. This has been repeated ad nauseum: PE ratios are way up, margin investing is up, speculation is rampant, there’s a ton of cash flowing into the economy, random stocks are going on monster runs, and up until Biden bombed Syria “stonks only go up” was pretty solid advice. + +So here’s my concern: I believe in the long-term promise of crypto, I think Bitcoin is a rational hedge against bad governance and currency inflation, and other currencies can start to replace large pieces of the banking system. + +Still, if the stock market tanks, will people realize that holding crypto is the right move, or will they/we scatter like rabbits and tank the crypto markets for awhile as well? Will all this discipline and DCAing evaporate? Even though the last week of drops has been explained as Syria on the stock side and market manipulation/sell off on the crypto side, it looks like these markets are all still closely correlated, and I can afford to lose the dollars, but I’d rather not. + +With increased institutional investment, these swings could attach to each other more strongly because the same people putting money in securities are also buying crypto. It doesn’t feel like these are very different markets. +I've been thinking of options to help them long-term. A share portfolio, long-term savings, pay their school tuition? + +I want to do something to help set them up in life and not necessarily a large sum of cash they can blow on silly things as 18 year olds. + +Edit: I'm not their guardian just want to provide for them. I have every intention of also offering love and security. They are under the age of ten. + +It would be a gift but I can't help thinking that as their parents didn't have a long enough opportunity to grow their wealth the children won't receive very much inheritance down the line. + +They are taken care of for the immediate term. +In my area there is a big apartment complex and that's pretty much the biometer for the rent charged. Earlier in the year (March) - 1 bedroom was going for $1800 and up and since the summer, the complex has been slowing dropping price and now one bedroom is going for $1400. I have one rental unit in the area. The tenant is currently paying $1750, but decided to move out at the end of Oct. It requires at least $1700 to cash flow positive. This is in the suburb of Philly. Wondering what you guys would recommend doing? Should I try to list it on par with the big apartment complex (aka lower rent) but then i would be cash flow negative for $300 a month. Pre-covid rent would be about $1200 so it is still up a bit. Curious if this is one off or does it also happen in your area? +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. +Although the market was open, the SEC was not open. It took me a minute to find this; + +[https://www.reddit.com/r/Superstonk/comments/nksg03/t21\_ftd\_cycle\_may\_2526th\_if\_we\_can\_break\_through/](https://www.reddit.com/r/Superstonk/comments/nksg03/t21_ftd_cycle_may_2526th_if_we_can_break_through/) + +Where the distinction was made between "Calendar Days" and "Trading Days". Full read if you want to understand all that, I won't bother trying to shorten it to a TLDR. Did I mention it hurts when I think? + +There is a holiday chart on that post and a pretty deep dive into the associations with holidays as they relate to T+21 FTD delivery. + +So I want to put this out there for anyone that can use their brain without reaching for the bag of frozen bananas to put on their head. + +As per FINRA 7140 rule; + +>**(3) Automatic Lock-in**Any trade that remains open (i.e. unmatched or unaccepted) at the end of its entry day will be carried over for continued comparison and reconciliation. The System will automatically lock in and submit to DTCC as such any carried-over T to **T+21** (calendar day) trade if it remains open as of 2:30 p.m. on the next business day. The System will carry over any T+22 (calendar day) or older "as/of" trade that remains open, but such trade will not be subject to the automatic lock-in process. + +So my question really is, did the new Juneteenth Federal Holiday move the goalpost up +1 or nah because of the lock in date. + +Keep in mind I'm just as willing to have this debunked as I am to have it...umm...bunked? And I don't mind being called a tinfoil hat person at all. I'd sell that hat on Etsy if I had one and buy a fractional share with it anyway. + +EDIT\* Here's a great follow-up from u/ShipwreckDD! + +[https://www.reddit.com/r/Superstonk/comments/o79c4i/t21\_is\_tomorrow\_i\_do\_believe/](https://www.reddit.com/r/Superstonk/comments/o79c4i/t21_is_tomorrow_i_do_believe/) + + Thanks everyone for taking the time to further look into this! +Earnings: $2.14 adjusted vs. $1.72 per share expected. + +Revenue: $7.38 billion versus $7.02 billion, expected according to Refinitiv. + +The company’s automotive gross margins were down slightly year-over-year and sequentially at 22.5% for the quarter. The company said it had already begun a production ramp for Model Y, its newest crossover SUV, at its Fremont, California car plant. The company also has plans to build the Model Y eventually at a factory it plans to build in Brandernburg, Germany in 2021. + +For 2020, Tesla said vehicle deliveries should “comfortably exceed 500,000 units.” + +https://www.cnbc.com/2020/01/29/tesla-tsla-earnings-q4-2019.html +Pumping out content on the daily, doing TA, modeling, theories, risk factor analysis, hyping news did not anticipate this dip. +Nothing on the news extraordinary, not politics, not SEC, not Congress, China, India, Elon or anyone else. + +We dipped. Dipped hard. Just goes to show that whoever is saying on socials they know shit about crypto, just means they are using open sentences to describe the daily outlook. And we are consumers, we consume this garbage on the daily. + +Consuming content, news, tweets, memes, brain farts and everything else these crypto tech geniuses are spitting out. For what? + +In the end as long as market is expanding we are profiting. + +Have a nice weekend frens and enjoy other things... +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'm aware that it is used at least in some capacity in HFT, and I'm aware of its potential use in options ~~trading~~ pricing, but I'm curious if anyone in here has used any sort of Fourier Transform for trading. Is it a common analytical device or is it a more niche theoretical tool that isn't worth the effort for most? + +Edit: to clarify, i’m not inquiring about how it *can* be used, but i’m curious if anyone actually *has* applied it within any algorithms they use, or if anyone knows about applications where it is commonly used. +[**They are mostly technology based companies.**](https://www.voanews.com/usa/us-adds-33-chinese-companies-institutions-economic-blacklist)I am looking through the list see if there are US listed stocks getting impacted. I know TSM exports a lot components to Huawei for 5G. TSMC has wafer fab in China that produces 14.5 micron IC (need to check) which is not good enough for 5G. All Twn produced newer technology based products will be banned shipping to Huawei after summer. +On October 28th, 2008 Volkswagen “[briefly became the world's biggest company by market value](https://www.reuters.com/article/us-volkswagen-idUSTRE49R3I920081028)” after Porsche Automobil Holding SE announced they’d increased their position in VW and forced short sellers targeting the company to cover naked positions. Cohencidentally, at least 3 of the funds involved in 2008 have also been discussed in conjunction with GameStop throughout 2021: +1. Archegos Capital (formerly Tiger Asia) +2. Greenlight Capital +3. Point72 (formerly SAC Capital) + +Which I find to be very interesting considering: +1. French regulators recently approved a Volkswagen bid to purchase a company, Europcar Mobility Group, that experienced a “[textbook short squeeze](https://ft.com/content/69accf15-1ab7-426b-aadc-6f594d24dd65)” in January 2021 +2. One of the two distressed debt investors who [doubled](https://www.bloomberg.com/news/articles/2021-08-04/hedge-fund-owners-of-europcar-to-double-their-money-with-vw-deal ) their money after Europcar Mobility Group’s restructure and subsequent short squeeze - Anchorage Capital - was recently [removed](https://www.reddit.com/r/Superstonk/comments/pod7rh/wut_doin_bny_mellon/) from the DTCC and had to close down their flagship fund that held “meme” [positions](https://whalewisdom.com/filer/anchorage-advisors-llc#tabholdings_tab_link ) opened in Q2 2021 (🤔) + +And also because 🥁 + +## [Volkswagen owns Lamborghini](https://www.volkswagenag.com/en/brands-and-models/lamborghini.html#)! + +So I was rocked like a Huracán after seeing the following two tweets from the official Lamborghini Twitter account: +1. https://twitter.com/lamborghini/status/1473337931423264769?s=21 (12/21/21) +2. https://twitter.com/lamborghini/status/1465787722056953857?s=21 (11/30/21) + +🚩🐂🚩 + +— + +p.s. If you’re on the Lamborghini social media team and reading this I would encourage you to consider a u/DeepFuckingValue partnership to bring that [roaring sound](https://twitter.com/lamborghini/status/1442527207818153986?s=21) back from [the past](https://twitter.com/lamborghini/status/1442527207818153986?s=21) 🐈 + +— + +Not a financial advisor, just a Retail Investor. +I’m currently in my late 20s making about $410k/yr and a current net worth of about $250k (it was closer to $350k before the market tanked this year). I’m on track to saving about $250k-$275k per year. (If I end up marrying my girlfriend in the next few years, household income will rise to about $600k+/yr not counting any income growth on my end) + +My goal is to coast professionally when my net worth reaches about $1M-$2M in my early 30s and then fire when I’m somewhere around the $3M-$5M mark (I’m on the fence if I want to climb to $10m or not) + +Currently almost half of my net worth is in my 401k which would be pretty inaccessible if I were to retire in my mid-late 30s. Question is: Should I continue to max out my 401k each year solely for the tax benefit so should I focus more on building up my brokerage account more by only contributing the minimum to my 401k to get the employer match? +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 :) +**Some people are getting a little confused. These "auctions" are not for GME \*stonk\* or any other stock for that matter. These are for open options contracts in other companies that have yet to expire and will need to be sold to cover short positions. The OCC handles all options transactions while the NSCC handles securities (stocks) transactions.** + +This rule is set to drop tomorrow (April 6, 2021) on the federal register. You are able to see unpublished versions of proposed rule changes. + +[https://public-inspection.federalregister.gov/2021-06989.pdf](https://public-inspection.federalregister.gov/2021-06989.pdf) + +This new rule change amends the Options Clearing Corporation (OCC) Rule 1104. What's really interesting about this rule is that it provides an order of events in the case that an options clearing member is suspended. Remember, think: OCC = options contracts, NSCC = Stocks/shorts + +When an options clearing member is suspended, their current positions are then auctioned off to other OCC members. The proceeds from these auctions are then used to close out their other high risk positions. + +*"Rule 1102 enumerates the grounds upon which OCC may suspend one of its Clearing Members.4 Following the suspension of any Clearing Member, OCC would take a number of steps designed to reasonably ensure that the Clearing Member’s suspension is managed in an orderly fashion. Among the steps that OCC may take to manage a Clearing Member’s suspension is liquidating the remaining collateral, open positions and/or exercised/matured contracts (i.e., the remaining portfolio) of the suspended Clearing Member. "* + +**Ape speak: when members get booted, their positions are sold at auction to other participants.** + +*"OCC believes that participation by more bidders generally facilitates more competitive bids on a suspended Clearing Member’s portfolio. Competitive bids are necessary for OCC to sell the portfolio at a market price that minimizes the loss to OCC and its Clearing Members, and enable OCC to successfully complete an auction in a timely manner and thereby manage a Clearing Member default in a timely manner.*" + +**Ape speak: They want to change the rules to allow more auction participants to hasten the liquidation process** + +" *First, OCC proposes to revise I&P .02(c) to reflect that Clearing Members would not need to be invited by OCC to become pre-qualified auction bidders; instead, the revised language in I&P .02(c) would make clear that all Clearing Members are invited to participate in auctions of a suspended Clearing Member’s remaining portfolio.* " + +**Ape Speak: Previously the rule required these liquidation auctions to be invite only. Now any options clearing member can attend the auction by just applying.** + +\*\*"\*\**Further, the revisions to I&P .02(c) would remove the existing requirements that a non-Clearing Member must actively trade in the asset class in which it proposes to submit bids and must actively trade in markets cleared by OCC. Instead, the revisions to I&P .02(c) would make clear that non-Clearing Members could become pre-qualified auction bidders by (i) having a Clearing Member sponsor to submit bids on behalf of the non-Clearing Member, (ii) having a Clearing Member agree to guarantee and settle any accepted bid made by the non-Clearing Member, and (iii) completing any required auction documentation in advance.*" + +"*Accordingly, OCC proposes to eliminate the pre-qualification requirements related to a non-Clearing Member’s trading experience.* " + +**Ape Speak: Now even non clearing members can take part in the liquidation auction with a sponsorship from another clearing member. Additionally these new participants no longer have to have "significant trading experience". This \*may\* include foreign entities.** + +Edit: + +**Missed a key paragraph towards the end.** + +"*OCC believes these improvements, generally, would (i) promote prompt and accurate clearance and settlement as a result of shorter close-out periods and more competitive auction prices; (ii) help assure the safeguarding of securities and funds in OCC’s custody by reducing the risk of loss to such securities and funds from unallocated open positions;"* + +**Ape Speak: Just like how NSCC-801 and 004 are trying to reduce their potential losses from a major disturbance (\*ahem\* MOASS), this is the OCC following suit for all things related to options:** + +**Conclusion: The noose is tightening and everyone sees the inevitable for what it is. More people want their share of tendies, and theres a whole bunch of them to be had in open options contracts in other valuable companies. It seems like non clearing house members such as smaller banks and trading firms will now be able to take part in these member suspension auctions with just a member's sponsorship.** + +**Additionally, there seems to be another purpose: The OCC wants this liquidation procedure to go as quickly as possible to perhaps lessen the blow on the market as a whole.** + +TLDR: The wolves are licking their chops to grab discount options contracts at auction following the perhaps inevitable liquidation of a major options clearing member. Citadel is a major options clearing member. People are getting ready to take their slice of the pie. + +Edit 2: Thank you u/Themeloncalling for that point. This rule would make it much easier for foreign entities to partake in these auctions. + +Edit 3: moved clarification on options vs stocks to the top of the post + +&#x200B; +Nearly 500-Page House Report On Marijuana Legalization Bill Previews Democratic And Republican Arguments +Published on March 28, 2022 +By Kyle Jaeger + +https://www.marijuanamoment.net/nearly-500-page-house-report-on-marijuana-legalization-bill-previews-democratic-and-republican-arguments/ + +With a vote on a bill to federally legalize marijuana set for House floor consideration this week, lawmakers on Thursday released a report on the legislation that effectively previews the partisan debate to come, with the majority and minority leaders of a key committee making their arguments for and against the reform. + +The 483-page report prepared by the House Judiciary Committee provides an extensive overview of the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, which is sponsored by the panel’s chairman, Rep. Jerrold Nadler (D-NY). +We all know that jobs such as investment banking, medicine and corporate law rake in the dough, but the hours, stress and effort required to reach and maintain those high positions can often be prohibitively high. + +With that in mind, what jobs do you think offer the best ratio of hours worked (or effort/stress expended) to total renumeration? +In the aftermath of the GME scandal with RH and other issues I don't trust them anymore. I've seen TD and Fidelity were solid during the whole ordeal with their users. At least it seems. Do either of these offer DRIP or other dividend tools? Dividends are my main passion with investing. +So, from one smoothbrain to another. Apparently that [u/Atobitt](https://www.reddit.com/u/Atobitt/) thing with his GOD TIER DD "House of cards" made some folks very insecure. Fuck, even I was completely devastated yesterday when I read it. With huge efforts I got my first wrinkle after thinking this through. Since I am not a genius, but I still want to pollute the internet like any other moron with my uninformed, unasked opinion, here is what I came up with, in hopes of helping some of you to make the right decision. + +I try to keep this brief and explicitly declare theory, thesis, hypothesis and my own assumptions, opinions and moves, so you can easily distinguish between facts and opinions. + +&#x200B; + +**1. The GME-bet** + +* **Theory**: Supply and demand dictate price. +* **Thesis**: Gamestop stock has been shorted excessively. +* **Hypothesis**: When shorts have to be covered, the demand and therefore the price skyrockets. +* **My Move**: I buy Gamestop shares and hold them, until shorts are covering, to make big profits. + +We knew that already. But now we know, that we never owned any shares, we just owned IOUs. + +&#x200B; + +**2. The house of cards** + +* **Theory**: A corp (DTCC, DTC, Cede & Co., whoever, doesn't matter) is the actual owner of the share and just issues an IOU for all investors, which basically grants them the same rights the actual shareholder has (dividends, voting rights, etc.). +* **Thesis**: Supply and demand of the stock is heavily distorted. It's not about supply and demand of a share, it's about supply and demand of an IOU. The currupt system itself is manipulating the price. + +&#x200B; + +**3. Doubt and insecurity** + +* **Assumption of some comerades-in-arms** (read that today): "Yes, but if the DTCC is corrupt itself, hodling won't do anything!" + +I was yesterday at this exact same point. I thought long and hard about it, made up my mind and planned my next steps. It doesn't matter, if they shorted a stock, IOUs, bananas, clouds or paper clips, because... + +&#x200B; + +**4. Shorts must cover** + +* **Thesis**: **Shorts must cover.** +* **Hypothesis**: If shorts aren't covered, the american stock market loses any credibility and reputation worldwide. +* **Assumption**: Wallstreet can literally not afford the world stopping to trade with them. They will therefore cover their shorts. The question's only when. +* **Assumption / opinion** (even sub-bulletpoints): They stall / buy time to mitigate damage. They need to make precautions to avoid being utterly annihilated. This mitigation happens at multiple fronts. + * They use misinformation, threats, legal actions, shills and time to create panic and make as many shareholders as possible sell their shares. This reduces the number of shorts and therefore their losses. This is what we have seen every day for the last few months. + * But behind the scenes, there is something much bigger going on (Caution: put on your tinfoil hat)They move as much money as possible to safety and make it disappear (in Off-Shore-accounts, as cash, as gold or silver, etc.), so they don't have to cover the shorts with their own money. That's what insurance is for, right? Why should they liquidate all their assets, when insurance will take care of this? + * Moving such huge amounts of money requires time. I'm not talking about the time to complete transactions. That's one thing, but they need to destroy any evidence of that money. Invoices and documents that record why this money is gone, for what it was spent and where it is now. It's time consuming to bribe the right people, call the right numbers and partake in all those emergency-meetings. + +&#x200B; + +**5. What does this mean for us?** + +* **Opinion**: We won. Cannons fired. The enemy ship is sinking. The crew is running to the lifeboats like the rats they are. The most depressing thing? They will get away in those "lifeboats", their yachts, helicopters and private jets. They will stay rich and die rich. Maybe the american government will learn from this and prevent this in the future. +* **Thesis**: The squeeze will happen. Doesn't matter when. We will get our money from the insurance. +* **My Move** (as before): I buy Gamestop shares and hold them, until shorts are covered, to make big profits. + +&#x200B; + +Nothing changed. + +&#x200B; + +EDIT: typos and grammar +My Binance account was hacked, all coins sold to BTC, transferred off exchange. + +My 2FA was temporarily disabled while switching phones, they got in through a trojan in a keygen from software I regretfully torrented. + +It was my whole stack ~60 ETH. + +I take full responsibility and I feel like garbage letting this happen. I starting buying in late summer 2017 and tended my coins with love every day. + +Please, if you haven't yet, even if you heard this a million times before like I have. + +Don't keep your main holdings on an exchange. + +Use 2FA, if you have to change phones like I did when my 6p bootlooped, reactivate it right away. + +Just spend the money on a hardware wallet. You're your own bank, take security seriously. + +The money was enough to set me back for years, I'm a musician and don't earn much. I shudder when I think of the hours I spent staring and caring and loving those coins. (I grew a 10k stack of LINK since Etherdelta) I never felt like I could have wealth until crypto. + +I only wish I'd taken a post like this seriously and got off the exchange or immediately reactivated 2FA (though if someone's in your email they can disable it without you knowing) + +It all happened so fast. Over a year of love and holding through this bear and it's over in an hour. My heart is broken for this loss of my crypto. + +Please let this be the post that motivates you to take security seriously so I didn't lose all that money, time, and love for nothing. Please take better care of your coins than I did. + +**edit Here's the email from Binance, I can't get to my account showing all the market sells and transfer because my account is disabled, but here's the email. [Binance email](https://i.imgur.com/nOjC0MH.png) 1.7 BTC around 3pm yesterday (the 28th) +I started a new job 2 months ago on 30k. It is my first job out of uni, so stupidly I didn't negotiate my pay. + +I have just discovered that all of my colleagues in my dept are on 33k, including a colleague who started a month after I did. They said they did not have to negotiate for this pay, and it was just the initial pay given to them when they were offered the role. + +I'm aware I'm new and don't have much of a leg to stand on, but is this worth going to HR about? My colleague said it may be due to my age (I'm 23, the youngest on the team by far) but I still think this is unfair. Would it be idiotic to email HR regarding this or do I just wait until my annual pay review? + +&#x200B; + +Thanks in advance. For context this is London, and I work in IT/Financial services. +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +It is as simple as that, if they had a secret method to making millions they would keep it to themselves. All of these youtube and telegram tip channels are simply pump and dump schemes where they buy into a token cheap and then shill it to their followers so that they can dump their shitcoins at a profit. + +The old saying "if its too good to be true, then it isn't true" applies 99% of the time in crypto. There are a few individuals out there that do share their genuine knowledge but they are far and few between, dont get suckered into the biggest and most prolific scam in crypto! +Listen all you 💎🙌🏼. + +Part 2 of GME Thread. Here's the [first thread](https://www.reddit.com/r/wallstreetbets/comments/l5c0nr/the_gme_thread_part_1_for_january_26_2021/) from today. You can view WSB Stats [here](http://wsb.gold/public/dashboard/e65fcfcb-70a4-4d86-b7fb-888057c67881). + +Remember - **follow the rules located on the sidebar**. To all new people - we don't discuss tickers <$1BN Market Cap. +My mother has a condo estimated at 1.1 million on zillow right now. In san diego, CA + +She bought it for 200k back in 1991, and husband passed away in 2015, where it was step up appraised at 600k. Its been rented out for the last 12 years because we moved/ bought a new home, so its not a primary residence. + +From a tax perspective we are trying to figure out whats the best move for both of us. + +Im ready to purchase a house soon/move out. Should i buy it from her for 600k, then later sell it and move somewhere better with the profits. or should she sell it on public market and gift me some money to buy a house. Which route is better tax wise? + +if she sells it to me she gets the 600k tax free? then I can live in it for two years and sell it and get 250k tax free? then buy another home that I like better. + +shall she quick claim it to me? + +Any input appreciated, thanks! +As above. I'm planning on moving from home relatively soon, next year or so. I've been researching on things that I feel like I need to know about. Renters insurance, credit history, and stuff like that. + +But me being woefully inexperienced in renting on my own and the unexpected costs that go into it, I wanted to ask what are some unexpected costs when it comes to renting a house or an apartment for the first time, that younger people might over look or not even know about? + +On mobile so sorry about any formatting issues if any. + +Edit: After getting a couple of responses here and there, I feel much more confident about this. Thanks. +The article in question. We've all seen it. Here it is as it stands today + +https://www.marketwatch.com/story/gamestop-stock-was-reaching-new-heights-but-shares-in-the-meme-stocks-just-plummeted-11615398208 + +Last Updated: March 10, 2021 at 4:47 p.m. ET +**First Published: March 10, 2021 at 12:43 p.m. ET** But wait, we all remember it before right? + +The article on the [waybackmachine](https://web.archive.org/web/20210101000000*/https://www.marketwatch.com/story/gamestop-stock-was-reaching-new-heights-but-shares-in-the-meme-stocks-just-plummeted-11615398208). Good job everyone! 18 captures the day it was published, 13 the next day and another 7 the following day. + +[The very first capture - March 10th 2021 - 17:46:39 GMT](https://web.archive.org/web/20210310174639/https://www.marketwatch.com/story/gamestop-stock-was-reaching-new-heights-but-shares-in-the-meme-stocks-just-plummeted-11615398208) + +First capture was 17:46:39 GMT = 12:46:39 EST. **Wait. That's after the crash and after the article was first published.** + +We need to dig more + +------- + +#What "evidence" do we have? + +This is the one of first mentions of it and it has a pic, not just memory. @DavidNio on twitter - https://twitter.com/MrDavidNIO/status/1369733681259053061 + +Has a pic with the article at the time stamp **11:55AM EST** - We got something! 11:55am est is 100% before the crash! + +Where did that pic come from? E-trade. [Here is the full article through E-trade](https://imgur.com/a/5XI0ZD1). Notice anything? Look real close at the top of the article + +> March 10, 2021 **11:55 AM EST** + +Now look real close at the end of the article (screenshot #4) + +> March 10, 2021 at **12:55 ET (15:55 GMT)** + +Wait.... 12:55 ET? What happened to 11:55 AM EST? That's 1 hour difference... that's 1 hour later.... that's AFTER the crash. + +Something is going on here so like a good ape, I checked a totally non-GME related article the very next day. + +#Reproducing the GME timestamp difference with an unrelated article + +*(I originally did this on March 11, 2021. The issue now is that the link of the article I used has the word -V-A-X- so automod removes it. Here are pics. You can still find my original working links if you put this into google "m339rp/yesterday_i_said_there_was_no_proof_or_evidence")* + +[Non-GME related stock story on MW on March 11 2021](https://i.imgur.com/xNTUqbt.png) + +Original link broken so you can check if you want + +marketwatch.com/story/novav**(delete this space)**ax-stock-rallies-on-covid-19-va**(delete this space)**ccine-study-results-11615497684?mod=wallace-witkowski + +*(archive link also has V-A-X in the link so it's also a no go here unless mods approve it)* + +Broken archive link: add https://web.archive.org/web/20210311214750/ before the working https://www.marketwatch.com/story/novav..... link + +What's the timestamp on the non-GME related article? + +> Published: March 11, 2021 at **4:21 p.m. ET** + +Okay. [Now let's look at the same article through E-trade](https://i.imgur.com/F597cqM.jpg) + +Top of the article timestamp + +> March 11, 2021 at **3:21 p.m. ET** + +**Wait. That's 1 hour earlier than the timestamp on the article. That's the same 1 hour difference that GME was.** + +End of the article timestamp + +> March 11, 2021 at **16:21 ET (21:21 GMT)** + +21:21 GMT = you guessed it, 4:21 PM EST. The same time as the MW article, but the same 1 hour difference from the timestamp at the top of the screen. + +REMEMBER THE ONLY TIMESTAMP WE HAD FROM @DAVIDNIO WAS AT THE TOP OF THE PAGE. We have now established this timestamp is 1 hour off. **1 hour early** to be exact. + +#More evidence + +The article link itself + +marketwatch.com/story/gamestop-stock-was-reaching-new-heights-but-shares-in-the-meme-stocks-just-plummeted-**11615398208** + +Those numbers at the end are a publish timestamp. Remove the leading 1 and you get **1615398208** which when put into a [unix time converter](https://www.unixtimestamp.com/index.php) we get **Wed Mar 10 2021 17:43:28 GMT+0000** + +What does 17:43 GMT convert to in EST? Any guesses? 12:43 pm EST. [Oh ya, this was pointed out on day 1 in the @DavidNio post](https://i.imgur.com/aY7Aw2v.png) + +So unless they hijacked the unix timestamp, that article was published at 12:43 pm EST, which is after the crash. + +#Even MORE evidence + +[Then what are these headlines and timestamps?](https://i.imgur.com/50fosuv.jpg) Again, this is through e-trade. Remember the 1 hour difference we established? So what are those? Deleted stories republished? Nope. Just like the headlines say, they are simple article updates. [I got a hold of the writer on March 11th and asked them some questions.](https://i.imgur.com/Vi54u1k.png) + +> The story we **published at 12:43** noted "three halts between 12:20 and 12:40" + +E-trade shows timestamp at 11:43. 1 hour early + +> We **updated at 12:53 and 12:55**, we updated to "five halts between 12:20 and 12:50" + +E-trade shows timestamps at 11:53 and 11:55. 1 hour early + +What about those halts? [I also took a screenshot of those the next day cause I like documenting proof, not just trying to remember the exact timelines.](https://i.imgur.com/sEt7Bdo.png). You can [check them today](https://www.nasdaqtrader.com/Trader.aspx?id=TradingHaltSearch) if you want + +So EVERYTHING matches up with a 12:43 timestamp EXCEPT the etrade pic which all indications point to it being 1 hour early. + +#okay, but why is google off? + +Cause google sucks. Well actually, as [Danny Sullivan](https://twitter.com/dannysullivan) - Google's public [@searchliaison](https://twitter.com/searchliaison) says, dates are hard (non GME related) + +> I'll pass this on. It's very common that time stamp issues can happen for a variety of reasons, such as embedded time stamps having wrong time zone, multiple times on a story and other reasons. + +https://twitter.com/dannysullivan/status/963899075438391298 + +> Yes, especially as it can cause confusion. Sometimes we can't control it. For example, a Miami publication had the right date and time but wrong timezone, making the story seem five hours earlier than when it published. Hard for us to fix on our end. + +https://twitter.com/dannysullivan/status/963933759912386560 + +> Because dates are hard, not universal nor absolute. Some pages don't have them at all. Some have them but only as embedded code & might not be right, like here: https://twitter.com/dannysullivan/status/963882801723359232 Some have multiple dates like here: https://twitter.com/dannysullivan/status/963918603409006592 -- it's an issue we'll look at more + +https://twitter.com/dannysullivan/status/963935332486885376 + + +Other non-google talk about timestamp errors on google + +https://webmasters.stackexchange.com/questions/90817/why-does-google-com-search-results-show-a-newly-published-post-as-2-days-old + +And politico asking what's up too + +https://stackoverflow.com/questions/43661314/time-is-displayed-wrong-is-google-search-for-politico-stories + +You can also go ask any conspiracy user about google timestamps. A handful of their conspiracies are cause of these timestamp errors. Let's be better than them, please! + + +----- + +I've debunked this before and will continue to, especially if we are sending it to the DoJ. We are literally sending a stupid timestamp error to the DoJ as one of our best pieces of evidence, yet all the evidence points to nothing being wrong! Holy shitballs!!!! + +Google search cause these were from another sub so I can't direct link. My original debunks with working links + +m2h7fs/there_is_no_proof_and_very_weak_evidence_of_the/ +m339rp/yesterday_i_said_there_was_no_proof_or_evidence/ + +#2 other independent debunks from the same time + +m2ih5m/wallace_witkowski_and_jeremy_c_owens_detailed/ + +m3ms6k/hear_me_out_the_marketwatch_prophecy_is_fake_news/ + + +----- + +Any evidence to debunk the debunk? Literally the only thing that says otherwise is people remembering, but not a single documented thing to support it. Do you really believe that is enough for the DoJ? I don't. Especially when the actual evidence points to this being nothing but a timestamp error on etrade. +My parents asked me out of curiosity, how much I paid for tax and it was around 45K because this includes both tax and HECS. They tried to lecture me about investment properties (residential and commercial) and how to write off the interest paid, and many other ways to reduce tax. You can say that the difference between my parents and me is that while they worry about how to reduce tax, I figure out ways to increase my income. Their advice was unsolicited but I was wondering if I was being hard-headed and want to know what other people's view was on this topic? + +I'm personally not a fan of accruing debt to make more money and I don't want to put in more effort into my assets than to log in to a brokerage account, click a few buttons, purchase my asset, set and forget, rinse and repeat. I have better things to do with my life than to worry about minimising how much I pay in tax. As some people on AusFinance and FIAustralia put it, paying more tax is a privilege for those who earn a lot. + +My parents have owned multiple properties valued at over a million dollars, operated their own businesses and found many ways to pay less/minimal taxes, and they're trying to teach me their ways, I get it. However, they're also the people who had so much debt, during the '08 crisis, they lost all of their businesses, lost all of their houses, got buried by their debt and went bankrupt. They've also lost about 100K in stocks and tells me that my money isn't safe, the same people who lost millions doing IPs and commercial properties... Being a child growing up in such a household, filled with domestic violence and parents riddled with mental health conditions, traumatised is an understatement. The life lesson I learned here from a young age was to not get into debt, being too invested in money will destroy my life and just enjoy doing what you do and the money will just follow (if you do what you love then you will want to do more of it and if you're paid to do it then the byproduct is more money). +This isn't the first time I've felt giddy seeing all my dividends coming in, but it certainly won't be the last. + +The last 3 months have been incredible, each bringing me a solid $145-170. It's not much, but it feels huge. + +Seeing the total income, and realizing it's potential, just fills me with ever-growing joy and excitement. I went from no passive income to nearly $200/month guaranteed in just under a full year. If this isn't success and a brick towards a golden road, i don't know what is! + +What was your moment of realization, that time when you truly saw dividends being your path? + +Edit: Thanks for the awards! Can't believe this post got not only my first one, but second one ever as well! Just wow lol +Ladies and gentlemen, welcome onboard Flight 69420 with service from Earth to The moon. We are currently first in line for take-off and are expected to be in the air in approximately, well, very soon. We ask that you please fasten your seatbelts at this time and secure all baggage underneath your seat or in the overhead compartments. We also ask that your seats and table trays are in the upright position for take-off. Please turn off all personal electronic devices, including laptops and cell phones. Smoking is prohibited for the duration of the flight. Thank you for choosing GME airlines. Enjoy your flight. + + +Some hype songs for you down below + +[MOSS Theme Song](https://www.reddit.com/r/Superstonk/comments/o6ypnq/t21_002_r1000/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf) + +[Little Einstein Theme Song (Remix)](https://youtu.be/hGCSD6AHv5U) + +[Cat Vibing to levan polkka](https://www.youtube.com/watch?v=NUYvbT6vTPs&amp;amp;amp;amp;amp;feature=youtu.be) + +[Levan Polkka (club remix)](https://youtu.be/CAyWN9ba9J8) + +[Soon may The Tendieman come ](https://youtu.be/rejpDqQUcV0) + +#UPDATE + + 🚨BREAKING NEWS🚨 + + Gary Gensler Live on Fox Business 8:30am + + Let’s see what he has to say + + . +I love the idea of having a guaranteed small monthly payment, but my cash in the market would be making money rather than sitting in my house which is appreciating slowly. + +Anyone try the investment strategy and skim money from their investments to basically subsidize their monthly mortgage? I completely understand the risks and I’m almost always risk-averse. Just seeing what folks out there do. +Here's the link: [https://boringmoney.substack.com/p/brickwork-shuts-shop](https://boringmoney.substack.com/p/brickwork-shuts-shop) + +In this post, OP (u/tareekpetareek) explains how Brickwork has not been following basic processes while rating its clients. He delves deep into 2 reasons: the first being of possible conflict of interest with IDFC First Bank, and the second of not updating their credit rating for Sintex and other companies even after they defaulted on their loans. +Elongate is the largest charity based cryptocurrency. At this point we have donated $3 million to charities and have developed many partnerships. We have large Youtubers (One with 20m subs) soon to be on board with us and a big month of large marketing ahead. + +We have passed and been certified with a high Certik score. + +We recently live-streamed a 1 on 1 interview with Kimbal Musk, as we partner with his charity Big Green. + +We made a LOT of connections with important people at BitcoinMiama2021 last week. + +A large gaming brand with 3m followers on Insta and twitter is interested in working with us for their Esports division. + +We are also getting listed on LBANK (a top 20) exchange with a large asian market today, in the next 2 hours. + +We can be purchased on PancakeSwap, Bitmart, and soon LBANK. + +**Website:** [https://www.elongate.cc/](https://www.elongate.cc/) + +**PCS Buy:** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2A9718defF471f3Bb91FA0ECEAB14154F150a385) + +**Token address:** 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385 + +**Telegram:** t.me/ElonGateChat + +It's only a matter of time until we hit the previous ATH and beyond! +I’m still a few years away from fatFIRE, but this question comes more from observing my parents (mid 70s, ~$5MM net worth) and their spending habits. They live well and enjoy their leisure time, but my dad especially gets very uncomfortable with the idea of his net worth ever going on a steady decline. He’s a believer in the SWR concept, but as an only child on my own FIRE path, I’ve been very open with my folks that they should enjoy themselves and leave me $0 (or close to it). I doubt they will ever run out, but living fully in their 70s and 80s while their net worth shrinks to $3 or $2 million feels like a great way to reward themselves. + +I know it’s easy for me to make judgments, and that I will likely struggle with the same dilemma as I age, but curious how others have handled this? It feels like a physiological issue more than anything. +**TacoCat is about to REVOLUTIONIZE the crypto mainstream market.** + +USE V1 ON PANCAKESWAP NOT V2!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! + +\--------------------- + +**Join the Telegram for 24/7 support & daily AMAs -** [**https://t.me/TacoCatCrew**](https://t.me/TacoCatCrew) + +\--------------------- + +The developers just dropped some GAME CHANGING news in their daily AMA on Telegram. To sum it up, one of the devs has connections with some of the biggest names in the entertainment & business world. The BIG investors will be joining the Telegram for a AMA at some point this week, as well as a Satoshi Street Bets. From what I understand, they aim to catapult this coin to DOGE levels in regards to mainstream attention & that's huge. Understanding & grasping just how early on we are in this constantly evolving crypto space is the first step in realizing the potential this project has. The devs are the most genuine & transparent people of any project I've been a part of and I have unwavering confidence in their ability to take this project to otherworldly levels. This is fucking amazing & I encourage you to hop board now... Otherwise you'll be kicking yourself in the ass when your wife shows up on date night wearing TacoCat panties. + +**Ask the devs any questions you might have! - They encourage the transparency.** + +\--------------------- + +BUY HERE! - [PancakeSwap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +\--------------------- + +**😺** [**Twitter**](https://twitter.com/tacocatcrew) + +**😺** [**Discord**](https://discord.gg/kwPG4edB) + +**🌮** [**Telegram**](https://t.me/TacoCatCrew) + +**🌮** [Website Tacocat.Life](https://tacocat.life/) + +\--------------------- + +Achievements in first 48 Hours + +\--------------------- + +* **Approaching** **~~5,000~~** **10,000 holders** +* **INSANE liquity stabilized at 20%-30%** +* **Listed on BogSwap &** [**Bogged.Finance**](https://bogged.finance/) +* **Successful Fair Launch - No presale so No snake whales** +* **Marketcap of** **~~$5 Million~~** **$10,000,000 just breached** + +\--------------------- + +**🌮 Community - Growing Quickly Come Join Us Cool Cats and Kittens in the** [Telegram](https://t.me/TacoCatCrew) **&** [Discord](https://discord.gg/XPQhnbwe) **Groups😺** + +\--------------------- + +**Taconomics? Like a Cat's 9 Lives there will be 9 % fees on Transaction** + +8% to liquidity pool + +1% to holders + +1,000,000,000,000 total tokens + +The wallets are SO evenly distributed : 0xa8fcee78b782ef97380326e90df80d72f025f020 + +**IMPORTANT - Good Liquidity is imperative to stable growth and control. It prevents whales from being able to manipulate the price & promises a safer investment long term.** + +\--------------------- + +Locked Liquidity + +**50% of Liquidity LOCKED for 6 months:** [**https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814**](https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814) + +**Remaining 50% of Liquidity LOCKED for 12 months:** [**https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257**](https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257) + +🔥 100% LP tokens burned. 60% of all supply burned.🔥 + +**❗️** Just hit all time high with $2 million in liquidity **❗️** + +\--------------------- + +✅ TOKEN ADDRESS: 0xA8fcEe78B782eF97380326E90DF80D72f025f020 + +💵 Purchase on Pancake Swap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +♻️ 8% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY + +💎 1% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS + +🔮 Contract Address 🔮[https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://bscscan.com/token/0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +👌🏻 Ownership Renounced 👌🏻 +I live and am part of a family business in an MCOL (until recently LCOL) Midwestern city. As part of that business I see a lot of houses being put back on the market by failed OOS investors. + +Many of these people are very angry when they learn that they're going to get 20-50% of their investment back. + +Lately I've been trying to understand why so many people think it's a great idea in the first place, to buy turnkey houses sight unseen in a city they've never even visited. I think part of it, comes from a misunderstanding about "flyover country", and the people who live there. + +Suppose you live in a west coast city where the most modest bungalow costs $600k. You find out that...supposedly...you can buy a viable rental property in the Midwest for $60k, and rent it for $800/mo. Easy money. + +Dollar signs ring up in your eyes. And you can't help thinking, "These people have no idea what they've got. I am a lot more financially savvy than these flyover yahoos. I am a wolf among these lambs, and I'm going to make a fortune buying up this stuff from people who don't know how valuable it is." + +There's a problem with this way of thinking: those yahoos know very well how valuable it is, or is not. + +Even the tiniest town in America has at least one guy, call him Bill Cox, who is ambitious and shrewd and patient. Bill works at the post office, he knows everybody, and any time someone's grandma dies, they go to him and he works out a deal and gets that house, and puts a tenant in it. After 30 years he owns the gas station, the diner, a corndog stand out on the bypass, the lumber mill, a laundromat, dozens of rental houses, and who knows what else. + +And he still works at the post office. For the benefits, you know. + +If you are from out of state...hell, if you're from out of town...you are not going to get ahead of Bill Cox. If there's a deal to be had, he's going to get it. + +It is easy to think, if you live in a coastal city and have a high-powered job, that you have more mental processing power than Bill, and maybe you do. It won't help you. Bill knows the property business, knows everybody in town, knows every house in town, every handyman and contractor, every banker and broker. Everybody feeds Bill deals, and anything Bill won't buy, is not a deal. + +And in a Midwestern city of a million people? There will be hundreds of guys like this. Your chance of competing with them by phone from 2000 miles away, is somewhere near zero. + +Everyone loves success stories, and it gives me no pleasure to post a big failure story, and get downvoted for negativity. But maybe it will do some good. Just today one of my partners told me about an OOS guy who wants to sell a package of houses he paid about $400K for a few years ago, and with a little luck he's going to get $100-120k back. He's in shock, and refusing offers, because he doesn't understand that the money is already lost; it was lost the minute he signed that check. This case is pretty close to a worst-case scenario and probably involves more than a bad deal, it probably involves outright fraud on the front end. But again: from 2000 miles away, how do you even know you're not being defrauded? Not everyone in the Midwest is honest, either. + +tl:dr---Don't assume everyone in an LCOL market is a gullible dummy, and that it will be easy for you to get rich there. There are clever and ambitious people everywhere. And keep in mind the saying, "As you fly over flyover country, be sure to look down and wave at the Wright brothers house." +First of all, I gotta say Aswath is incredibly talented teacher. Watching some of his videos seem like he’s the modern Benjamin Graham. + +Thing is he is not exactly like that. + +I’m not going against his methods or something, but tell me if I’m wrong, the amount of metrics, calculations, “side effects”, variables and formulas he takes into consideration while calculating intrinsic value is INSANE. I mean, contrary to warren buffett, which always repeatedly stated one should keep investing and valuations simple, Aswath looks like he takes valuations to some physic levels. + +Friend of mine who reads Aswath’s books and watch his youtube classes kind of questions my reasons for reading “Security Analysis”, “intelligent investor” and so on. I was wondering what you guys think. +With the current decline in the stock market we are starting to see some of the big name FAANG stocks to decline to attractive levels? + +&#x200B; + +Do you think any of them could be considered value stocks at these levels? +Hello. Been investing for a while as a fundamental investor. My portfolio is based on investing in companies that has good fundamentals and have paid dividend consistently. I would say that I’m playing “safe”. The volatility of my portfolio is 0.7 on average. It’s growing in value slowly but steady. + +I save 60% of my income each month into that portfolio. Is this worth it as a young man (20 years)? + +On the other side I could take that money and trade hype stocks like Tesla, GameStop, AMC etc.. + +Never been trading based on technical analysis, I swear by the fundamentals. It works with an avg. growth of 15-20% p.a. (Not included dividend) + +Any advice for a young man trying to build his wealth? +I am a hedge fund manager (long-short, derivative mixed equity fund primarily value focused with some growth). In the past we have been value holders of GME three other times and started a small position today nears it's intraday high and will likely add to this next week should the stock fall. Previously all my Reddit comments have involved my e-Skate collection or my landing of my airplane in challenging conditions (see: [https://youtu.be/Rn7XoYKlZl0](https://youtu.be/Rn7XoYKlZl0)) However, I can't resist commenting on the fascinating technical factors that likely will continue to propel this issue higher - perhaps significantly so over the next few weeks. Andrew Left's mocking derision of retail investors may prove to be his waterloo. Why would a value focused fund manager buy a stock that based on classic fundamental value analysis appears significantly overvalued? + +GME appears to be a very interesting example of individual stock reflexivity. What is reflexivity you ask? This is the theory, originally promoted by George Soros that the stock market itself can cause the economy to either rise of fall (as opposed to the classic teaching that the economy affects the stock market). An example of market reflexivity would be the great depression whereby a crashed market brought down an economy that was only in an ordinary recession, or the recent improvement in the economy, not withstanding Covid, which has followed a rising market. In GME's case the rise in the stock price itself will likely result in fundamental improvements to the underlying economic metrics of the company. Why? + +1. As the price of the stock rises, GME finds itself in the enviable position where it can use it's stock at currency to buy complementary businesses it could not otherwise afford - monetization of the current short squeeze by the enterprise will lead to fundamentally higher revenue and profits of the enterprise should they find good strategic acquisitions to further monetize their large retail customer base (which has real and to date largely untapped value). The company is likely right now on the hunt for a major acquisition that could fundamentally alter the companies future prospects with that acquisition largely paid for on the back of short seller covering. +2. Monetization of the short covering increase in share price via issue of a secondary . The $500 million in debt (net of cash) the company currently has could be entirely extinguished with a secondary that is dilutive of only 10% of the equity base. In fact such a secondary will, despite this dilution, likely result in a significant price rise for the stock (versus the usual fall in price after most, but not all, secondaries). Bankruptcy risk will largely be eliminated with this secondary as will interest rate risk and financing costs ultimately increasing cash flow per share. A 20% secondary will leave the company in a strong cash positive position with this cash available for expansion of sales efforts, cloud offerings, acquisitions, etc. +3. Directly increased sales and revenue by virtue of the large amount of attention this epic short squeeze has brought to the company. I suspect most long retail stockholders have explored the companies web offerings and are considering becoming customers. This is free advertising to people with money who are tech savvy and the exact demographic GME would target with paid advertising. +4. Retention and efforts of existing management now becomes easy. Every manager there wants to see this continue. Operations at companies with sinking share prices typically suffer as management and employees leave the enterprise or develop anger and lassitude (think Sears Holdings). The opposite is occurring here with every manager trying to beat their numbers to see the squeeze continue. +5. This issue remains extremely heavily shorted. Despite the squeeze that has already occurred, other "value" based investors have dived into short positions as the price has risen. The short positions of this issue appears (although I can't be certain) to exceed 100% with all available shares already lent out from marginal accounts and probably a lot of naked shorting going on as well. Although I don't yet have the current data on todays short position, I can say for certain the stock remains very heavily shorter, perhaps more so now than at any previous time. Today, I called my broker asking about the availability of shares to short and the borrow costs. We have one of the larger accounts at our brokers firm and I was able to speak directly to the "hard to borrow" desk. No borrowable shares are available at any broker, anywhere, at this time, even for high borrow costs or even from other brokers. This extreme short against a small common float, made more extreme no-doubt by naked shorting, could end very poorly for those short this issue. As they are forced to close out their positions, the stock will continue to rise and continue to exacerbate the positive effects the rising price has on the above 4 issues. + +Impossible to know really where the stock goes from here as there does currently exist a disconnect from fundamentals. However, the extreme short position against the unrestricted common float here suggests to me there is a much greater chance of GME's price continuing to increase, perhaps significantly so, and this chance is far greater than the now fearful pundit in hiding's proclamation that the stock would soon see $20. + +For what it's worth, over the past 13 years of this funds life, we have significantly beaten both the overall market and the dow, (12.2%/year margin over DJIA inclusive of dividends since 2008). We have had plenty of losing issues despite this beat but also way more big winners, some really big. Right now my money's with the retail investors who are long GME. We only have a small position here but this may prove a big winner for us also. Cheers. +https://www.bloomberg.com/news/articles/2020-07-01/bezos-s-wealth-soars-to-171-6-billion-to-top-pre-divorce-record + +Jeff Bezos’s net worth has smashed through its previous peak, even after he relinquished a quarter of his stake in Amazon.com Inc. as part of a divorce settlement last year. + +Shares of the Seattle-based retailer surged 4.4% to a record $2,878.70 Wednesday, boosting the founder’s world-leading fortune to $171.6 billion. That tops his previous high of $167.7 billion, set on Sept. 4, 2018, according to the Bloomberg Billionaires Index. +# The Harmonic Convergence + +by sweatysuits + +&#x200B; + +[ \\"History is merely a list of surprises. It can only prepare us to be surprised yet again.\\" - Kurt Vonne-gut](https://preview.redd.it/939ohs4wyy981.png?width=444&format=png&auto=webp&s=3500366f5a6aeb41e138e682bca2e5a254af5f32) + +# Introduction + +Hello everybody! + +I have been meaning to write something about GME and volatility for months now but IRL obligations have prevented me from sitting down and collecting all my thoughts, lining them up in a coherent manner and putting all this down. + +During this time my friends [u/Zinko83](https://www.reddit.com/u/Zinko83/) and [u/Mauerastronaut](https://www.reddit.com/u/Mauerastronaut/) wrote their DDs about variance and volatility which you have undoubtedly read. If you haven't, you have to check them out. This is without a doubt shit you should at least have heard about if you have any intentions whatsoever in investing the equities market after this epic time in our lives is over. + +Of course at the end of the day, these are just the ramblings of a madman who has finally eaten part of his own brain with some fava beans and a nice chianti. + +I realize this stuff is not very straightforward and might not immediately trigger your confirmation bias but be patient - I work slow but I will get you there and more. 😘😉 + +# Part I - GME and Volatility + +I have been spending an unhealthy amount of time ~~studying~~ obsessing over volatility and its relationship with GME. Long story short, GME and volatility are married (positively correlated) - with very few and notable exceptions. + +[ The most beautiful chart in existence? I think so.](https://preview.redd.it/s6ozpdb0zy981.png?width=1875&format=png&auto=webp&s=e6db85364649adbcc46ef86e8b6e496f30f6b727) + +Here are the exceptions when GME actually behaves like a "normal" stock i.e. shows negative correlation with volatility. These periods are visible on the chart I linked above and I expect volatility and price to be negatively correlated when the following occur along with a sharp increase in put option volume. + +1. When GameStop issues shares. We saw this happen in June-July. +2. When funds sell large numbers of shares in the market (such as ETF rebalancing). We saw this happen in August. +3. When there is a significant broader market event. We saw this happen recently in December. + +We recently went through one of these exceptions (#3) when a metric fuck ton of cash left the market as the year was closing in December with the selling and shorting of nearly every security in the market including GME itself as well as ETFs that contain GME. That being said, in the vast majority of the past year GME had a positive correlation with volatility. + +**So when did this positive correlation with volatility begin?** + +[ 2 year graph of GME options implied volatility in white and GME price in the background in gray.](https://preview.redd.it/b00gypk4zy981.png?width=1864&format=png&auto=webp&s=670d8f1423c85bcb2478f2b191ff5e4fa343964e) + + It actually started in August 2020 but it was mostly held under control by the market makers and the shorts. **Cohencidentally**, this is when the chair-man himself bought his first shares. 😎 + +[ RC is such a fucking giga-chad. Please open your beautiful lips and say some words so we can witness the breaking of both the internet and the stock market. Thanks daddy.](https://preview.redd.it/1qgb6sm8zy981.png?width=1550&format=png&auto=webp&s=b8b51e8d0bbdb12fc4547c616ef645c5f10f3925) + +# Part II - The Sneeze - a.k.a. January 2021 Volatility Nuke + +The positive correlation with volatility becomes incredibly significant after January 12, 2021. This is date when the IV and all the historical volatility measures (10/30/50/75/100/150/200 day) all converged on a single point along with options IV and then shot up to the fucking moon. This is what I call the **Harmonic Convergence**. Behold! + +&#x200B; + +[ BOOM! Isn't that just fucking beautiful?](https://preview.redd.it/pg224puczy981.png?width=447&format=png&auto=webp&s=25364f31474351c0b7e7793036cd777c721f3c83) + +Volatility had been flattened by the shorts and the variance/volatility sellers... They were managing to keep things under control until that fateful day. + +So what happened? What happened on that day that changed our lives forever? What happened on that auspicious day that started the run-up which made DFV rich and famous, that made RC into the best investor of his generation (eat shit Gabe) that got Creamer and the media shitting their pants, got me into investing and who knows how many millions of people into the spiderweb of rabbit holes that is the GME story? + +[The green line shows the call volume while the red line shows the put volume. The total option volume tripled. Why?](https://preview.redd.it/q25y5hdgzy981.png?width=1864&format=png&auto=webp&s=9b7d9d8557ec18fecd81c7e4ee219aaedcac588f) + +I want to draw your attention to the options volume on the week of Jan 11. It tells a very interesting story. **Remember that this data is ONLY for options expiring January 15 i.e. ON THAT FRIDAY. This is really important. I will explain why.** + +Why were so many calls and puts traded on this week in January? We can answer this by looking at which options in particular were traded. Here we go. + +1. Jan 11 - a Monday. [Watch out for the options volume for 25$ / 30$ / 35$ and 40$ call options. More importantly watch out for open interest.](https://i.imgur.com/rnGK8O7.png) +2. Jan 12 - [How about that OI increase at 40$ huh?](https://i.imgur.com/lEnEIqU.png) GME closing price is at 19.89$ despite bonkers intraday movement. +3. Jan 13 - [WTF is this volume at the 40$ call? 92,863?! WTF?!? OI is going up too. GME closes at 31.43$. Here it comes baby!](https://i.imgur.com/vEpWLvS.png) +4. Jan 14 - [They added strikes from up to 55$. The volume for the 45$,50$ and 55$ calls is absolutely insane. The OI for the 40$ call went up 22k from the day before.](https://i.imgur.com/gEkcAlF.png) Closing price goes up to 39.97$ +5. Jan 15 - [OI for the 40$ keeps going up. Increased OI for 45$ and 50$ call options. More volume for 55$ call. These options are expiring on that very day.](https://i.imgur.com/efzFXGl.png) + +So why? Why buy these options? They are expiring on that day. This is like going into the supermarket and buying food that is expiring that very afternoon. + +They simply had to. + +If anyone was short here (possibly a market maker - you can guess which one) and wanted to hedge their short position against a volatile move by buying a variance swap, the seller of that variance swap (most likely a major hedge fund or a market maker) **would have to reform their replicating portfolios because of the sticky strike understanding of variance hedging.** + +They would have to rebuild their portfolios around the new strike. This means trying to keep the new strike right in the middle of their options portfolio and buying options. This means money spent. Lots of it. Well, they did. 😁 + +[That's a lot of fucking options.](https://preview.redd.it/91moc5rmzy981.png?width=750&format=png&auto=webp&s=a204461c528d567ceeb8d2bd13604bf2b82386cd) + +The short variance party (market maker) had to rebalance their replicating portfolio as the price went from 20$ to 40$ in a single week and blew up the options chain. When they started buying the new OTM strike that would give them the highest vega exposure, the prime brokers that sold them the calls had to hedge by buying stock (or call options of their own) as the price went up and also pushed the price to go up. Arguably some shark funds (looking at you DOMO, Senvest and Hestia) could have also bought these OTM options to tip shit over and really fuck the shorts. + +This phenomenon can be explained by a third order derivative in the Black-Scholes options pricing model called "Color". + +[ Color the delta of gamma in relation to theta.](https://preview.redd.it/26pdwompzy981.png?width=658&format=png&auto=webp&s=157464edccc7648ca58e2c2b8a65842ea9ef9fa1) + +**Long story short, as options come closer to expiry - gamma speeds up.** This is what color represents. + +So those algos that we all hate, the ones that play around with options as the price is going up and down every day, those same algos are designed to calculate second and third order derivatives and make the optimum trades based on these parameters. **They would have started buying.** + +Let's recall the SEC report. + +[ Not consistent with Gamma squeeze. MMs buying call options.... Hmmm..](https://preview.redd.it/mgvwq5kszy981.png?width=779&format=png&auto=webp&s=775557a5051ec99be0077f382d59dddfbf8ee2ca) + +Let me help you SEC. I realize you don't want to talk about variance swaps and hybrid instruments because they're not in your purview. In fact, according to the [Commodity Futures Modernization Act of 2000](https://www.congress.gov/bill/106th-congress/house-bill/5660/text), the SEC is powerless to govern hybrid instruments (variance swaps fall under this category) because it is specifically stated in the law that these are NOT securities. Even the [CFTC has to ask... guess who... the Board of Governors of the Federal Reserve (!) before they make a decision based on hybrid instruments.](https://i.imgur.com/2XfCbxH.png) Anyway... Don't even get me started on this shit. + +I'll say what the SEC can't. It was variance swap hedging that went completely out of control. + +Calls are ITM from the week before, brokers buy shares to hedge their clients' call options, price goes higher, more replicating portfolio rebalancing, price goes higher, more call buying... BOOM! This caused a cascade of hedging based options buying and an incredible volume of 144,501,700 shares traded. Wow. + +Let's see what happened the following week. Since you now understand how color affects gamma hedging I can just skip to the last 2 days of the options chain. + +1. [Jan 21 - a truly obscene number of $60 calls expiring Jan 22 traded on that day.](https://i.imgur.com/TH0KAtn.png) +2. [The next day on Jan 22, GME opened $42.59, peaked at $76.76 and closed at $65.01 whopping, mind blowing, tit jacking volume of 197,157,900 shares traded. Wow.](https://i.imgur.com/ZI8Fwve.png) I don't even want to talk about the volume on the 60$ calls... Absolutely mad. + +The week after that? This is the week of legends. This is when everything went completely out of control. You understand how this works now. They buy the most OTM option for the highest vega exposure. I'll just give you the trades for the most OTM option for each day. You can see them adding strikes as the price went completely out of control... Good times. + +[Jan 25. 115$ Call.](https://preview.redd.it/5nd36w3xzy981.png?width=1329&format=png&auto=webp&s=d47d25c0f9827523341388da373bb8b3e3e3ce18) + +[Jan 26. 200$ Call.](https://preview.redd.it/s84g0xfyzy981.png?width=1330&format=png&auto=webp&s=169c370c0155a64afe6556d656a7d2010d4b9697) + +[Jan 27. 320$ Call.](https://preview.redd.it/hp1v4zkzzy981.png?width=1330&format=png&auto=webp&s=581ebec12db07b7ee52ce635676a441a02c6a680) + +[Jan 28. 570$ Call.](https://preview.redd.it/2kuvl0x00z981.png?width=1330&format=png&auto=webp&s=3161fba841414316e056fc08ac7005d08cbd8f47) + +[Jan 29. 650$ Call.](https://preview.redd.it/gbqi35y10z981.png?width=1330&format=png&auto=webp&s=34449a780fa5b4fdd47b63e98eb407f191b911db) + +Afterwards they bought a completely obscene amount of puts and crash the price and spend all of the year trying to hedge and balance all of it out... This is all history to us. + +# Part III - The Harmonic Convergence - Fasten Your Seatbelts + +Here we are. Almost one year later. Volatility has been crushed back to it's level in January 12, 2021. + +All volatility measures have once again converged near a single point. + +Yet after all of this... without a single word from the company... The price.. has not given.. one.. single.. fuck. + +**AND WE ARE STILL HERE!** After all the bullshit we've had to hear from the corrupt and incompetent media, the "experts", Congress, the SEC... Despite all of their best efforts (looking at you Chukumba) we have not given up. The price has not yielded. + +[ BEHOLD! Harmonic Convergence Part 2. ARE YOU FUCKING JACKED YET?!?](https://preview.redd.it/mpv0ff260z981.png?width=1858&format=png&auto=webp&s=9903533c1f84189ade21a2247ce2595d4ff05941) + +Here is the GME options open interest chart. You can clearly see the tails of the variance replicating portfolio in this chart. The biggest remaining positions are expiring in 15 days on January 21, 2022. + +[ The yellow tone is for options expiring Jan 21, 2022. The light blue tone is for those expiring in January 2023.](https://preview.redd.it/uibokvr90z981.png?width=1869&format=png&auto=webp&s=035a39e3f6d4b51731ac6e43c9e2d3552d272e24) + +Want to see what the replicating portfolio looks like in 3D? Here it is. + +[ This image shows the option IV \(annualized on the top left\) for each strike \(K\) and then time left for each expiry on the bottom left \(t\). You can clearly see the tails that correspond to the famous 0.50$ puts and the 950$ call options that make up the boundaries of the replicating portfolio. ](https://preview.redd.it/8mxkdyxc0z981.png?width=759&format=png&auto=webp&s=019af2593172883c5718cd511ea644f8a3dec033) + +[Reminds me of how space is bent around a black hole](https://i.imgur.com/Kl28HJT.png)😎 + +I love everything about all of this. The adrenaline is pumping. + +Look at it. What does the volatility surface look like after Jan 2022? Flat as fuck. Here is the open interest with the January 2022 and January 2023 options removed. + +[ Pay attention to the scale on the right. On the previous OI chart, we could see 60k calls and 140k puts while on this one the highest is 12k. ](https://preview.redd.it/ryk2yvuf0z981.png?width=1864&format=png&auto=webp&s=82bf496a6e02002effcbe2b84e52123022124b8f) + +What does this mean? Wall Street has not yet shown their hand for 2022. We need to keep a very close eye on all options movements to figure out exactly what new fuckeries the hedgies may be planning. + +How will this affect the price? They crushed volatility so hard that no matter what they do they will cause major price movements. Volatility has gone down to what it was when the price was 19$ but now it's 130$. + +With RC's standstill ending, options volume non-existent, a possible announcement coming and the bare options chain... There is incredible potential for a massive movement. I can talk RC possibly buying call options, about shark funds coming back in to screw the shorts again, the degens of the internet returning, FOMO and what not... + +Honestly, we might not even need any of that. Personally I'm ready for anything. The dip before the rip, the media attacks, shills.. All of it. + +Buckle the fuck up. + +# Part IV - TL|DR and Acknowledgements + +**TL;DR :** Hello there. You're here because you scrolled through the entire post and wanted the short version. + +1. Volatility has been crushed and is ready to pop. +2. Price did not give a fuck all year. +3. Options chain is so bare, any kind of serious option buying by a Wall Street fund can blow everything up. +4. Hedgies are deciding if they want to keep fucking with our stock. In any case, they are still fucked. + +At least go back and look at the shiny pictures. + +I got more to write about who the variance long is, who the variance short is, the bankruptcy gambit and how variance swaps are used as a clamp on the stock price, the synthetic short forward opened in Nov 1 and what that means... How variance swaps are manipulating the stock market and how the lack of regulation is facilitating it. Those are speculative however and belong in different posts. + +**I'd like to thank** [u/Zinko83](https://www.reddit.com/u/Zinko83/) **and** [u/Mauerastronaut](https://www.reddit.com/u/Mauerastronaut/) **for doing an incredible amount of research and brainstorming with me.** [u/Turdfurg23](https://www.reddit.com/u/Turdfurg23/) for paying for some of the tools used for the preparation of this DD. I also must thank [u/Criand](https://www.reddit.com/u/Criand/) not just for being a very good dog throughout all of this but also for as his original DDs that made me more curious and pushed me into doing my own research. + +**I also want to thank every single person doing their own research on GME, bouncing ideas around with me, memeing with me and having fun.** I might not agree with most of the theories out there but I absolutely love seeing everyone digging and learning more every day while inspiring others. I think this is the most bullish thing out of this. + +**And finally I salute all investors of GameStop around the planet. Doubters can doubt and haters can hate but we're the best fucking investor base on the planet and it's not even close.** + +Deep fucking cheers to you all! + +Peace and Love! +As the title reads - there are some pretty wild predictions for the next month (assuming some good news), surely everyone here deep in IVZ isn’t going to diamond hand it forever. + +What price are holders planning to bail on assuming it starts it’s 🚀🚀🚀 +Im looking at the option chain for TWTR. As background, Musk proposed to acquire the company for $54.20 per share and is supposed to close by Oct 28 (or will be back in court to be compelled to close the deal). You can sell Jan’24 calls with a $55 strike for $0.20 per contract that will be worthless in 2 weeks if the deal goes through. Any idea why the premium is still so high on these options? Who is buying these options with the impending deal? Market makers? +Hi All I have been sent here by personal finance who advised i may be able to get more advice here on the UK forum. + +I'm at a loss on what to do. Me 25 UK going through UNI (COMP SCI) has left his job last month due to University making it nearly impossible to hold down a full-time job, Due to circumstances not in my control my Dad 86 has caught coronavirus. Doctors are saying it's not looking hopeful... I have spoken with him and we have both said our goodbyes as this may be the last time I am able to speak with him. + +The situation I and GF (who has lost her job due to COVID) was planning on moving back in with my parents however due to situation this is now impossible. In addition, my mum does not work and was relying on my dad for income she is now unable to pay the rent. + +I am honestly stuck and have no idea what we can do or apply for with my world crashing down around me especially with the heartache I feel from losing my dad. I'm coming on Reddit to ask advice on what to do in this situation. We are currently in an AIRBNB which only lasts until Sunday and will be Homeless coming Sunday. + +I have £1000 left in my bank account and with no job and no finances, I'm really worried about our future and my ability to look after my mum. + +Edit: (as I realized posting this may not reach all of you) sorry I am new to Reddit. + +Wow, + +Guys, honestly I just came back to Reddit and saw all of your posts. I will go through every single one apologies if I cannot respond to all of them but your overwhelming support has helped me realize there is hope. + +An Update from my situation: I have sent my CV around to various I.T Support roles and will take your advice on entering a help desk position. I will also take a look into UpWork as I can create websites and do other things with the knowledge from my ongoing COMP SCI degree. + +Regarding housing, for my mum, my dad had some hidden funds that will be able to cover her rent for 4-5 months. She has a house back in the Phillippines (which I did not know about) so I am trying to convince her to move back but as my mum but at the moment it is hard to get through to her which I understand as it's a highly stressful time. + +I and my GF have found temporary accommodation with a friend for short term which will help us get back on our feet. + +My Dad is making a hopeful small recovery and is now eating and drinking a little. But with your advice and words, I feel prepared mentally and have the tools I need in-case he does pass... + +Thank you all so much, words cannot express the emotions I feel reading your comments. I am glad to have posted here from the bottom of my heart I owe you all. + +I wish all of you good fortune and a safe 2021. +forget peer reviewed academic journals. we have 250k apes reviewing every bit of research. analyzing the company and the situation from all angles. online, by phone, at libraries, watching documentaries, knocking on doors, reviewing legal fillings. + +it’s really a once ever opportunity. + +thank you. that is all. +I know we can all mostly agree that communism is generally not a productive economic system at least in the west but could the same be said of the soviets and the way they implemented it? Part of me thinks that maybe they implemented communism because in sole context it is actually an effective system but i am +not sure. What do you guys think? +I setup a WealthSimple account last year with a plan to contribute $250 every two (2) weeks. I'm not too well versed in investing so figured this would be ideal. + +I choose the investment plan with a risk level 2. The portfolio is 35% Equities and 65% Fixed income & Gold. + +Recapping the year, the portfolio had a net deposit of $9,500 with a current MV of $9,436.28, total return of -$63.72 (-0.7%). + +The Fixed income & Gold holdings have gone down in Feb 2021, which is resulting in the decrease for the overall portfolio. However, wondering what are your thoughts on this strategy and any recommendation to improve my overall return? + +Thanks! + +Edit: Thanks everyone for the comments/insight! When I setup the portfolio, it recommended a level 2 risk level. It’s my fault, didn’t really look into it and just accepted it. I’m in my early 30s so will bump up the risk level for sure and look at other ETF options as recommended below. +I live in a duplex, and leased one unit out to tenants. Well, I’ve been living elsewhere recently after one of my tenants with a history of arrests for assaults—including assault with a deadly weapon—went ballistic on me. + +I used Zillow’s background check to screen my tenants last year and what a total joke their screening is. The tenant that Zillow’s background check told me had a 755 credit score, 100% on time payments, and no evictions, in reality, has an eviction from 2019 with a $4k+ default judgment, multiple arrests with convictions prior to moving in, and since moving in, has gotten arrested a bunch of times and now has two active bench warrants out against him. And those are just the court records I was able to find by manually searching court databases. The other tenant? Served jail time for meth possession with the intent to distribute. + +Zillow’s response when I asked them how they missed multiple data points that are extremely valuable in the screening process? First, they tried to shift the blame to the third party vendor that did the check, Checkr. When asked why the prior eviction didn’t show up, Checkr said that they have no record of my tenant even living in New Jersey, which is where the eviction was filed. Meanwhile, a simple google search of this tenant shows multiple New Jersey addresses. Not only that, one of the prior addresses listed in his application was a New Jersey address, and he’s been arrested multiple times in New Jersey. + +After I tried to point out to Zillow that it’s their platform that I was using and they should take at least take some responsibility, they started trying to incorrectly argue that if I’d used the prior eviction and criminal records to reject my tenants’ application, I would have violated Philadelphia Fair Housing law. I guess in Zillow’s mind, a background check giving green flags is the same thing as one that indicates that the tenant isn’t a good fit holistically or that additional research needs to be done on the tenant or that safeguards like requiring a larger security deposit need to be put into place. + +$10k+ in lost rent so far thanks to the extremely slow eviction process in Philadelphia and things are about to get worse given that the alias writ has been filed, they’re still not moving, and they have nothing to lose. + +Instead of using Zillow, I might as well have pulled some drug addicts off the street and moved them into the newly renovated unit with brand new appliances in my $500k+ duplex. I’m not even going to get started about the chaos and disturbance them and their friends consistently cause. Or the unauathorized pit bull they moved in that has prevented me from going into the unit and has created safety concerns for me. + +I’ll admit that lessons were learned on screening through this. Specifically, missing falsified pay stubs from a job my tenant was fired from. And not realizing that when the management company they rented to prior to this said no money was owed and no eviction had been filed was likely the result of either a cash for keys agreement or eviction moratorium related reporting restrictions. + +The bottom line is that Zillow’s background check was completely non-functional and from my experience, cannot be relied on. +Hey, just wanted to tell you all it was a fun ride but I hat to sell my stack at 3400€ which is around 4000$. I got into ETH at around 100€, I was broke so I couldn't afford to invest more than 500€ into it. + +Now it reached crazy levels, I had to pull out. I wish you guys all the best, but remember to not to be extremly greedy and stay a little bit rational. + +I will definetly buy in again when it dips big but for now the ETH gains will be the fundament for my new company I plan on setting up. + +Cya +I have begun doing the valuation series by [**Aswath Damodaran**](https://www.youtube.com/channel/UCLvnJL8htRR1T9cbSccaoVw) on YouTube, and thought I would share my notes here, which would help encourage discussion, and fill gaps in my understanding since I am not from a finance background. If folks do not find this interesting, or violates any rules here, let me know, and I will take the post down. + +&#x200B; + +**Who does DCF Valuation work best for?** + +* Investors who have a long time horizon, and are not shaken with short term volatility to allow the market enough time to correct the valuation gaps in the asset. +* Investors who are capable of providing a catalyst to the market to correct its valuation mistakes. For example, activist investors. +* Investors who are not easily swayed by peer pressure, and market swings. Remember, the market can remain irrational longer than most people can stay solvent. + +&#x200B; + +**Two faces of discounted cash flow.** + +Most of the people are generally aware of the first form, that is widely available and used in literature and by investors. The central tenet is that the value of a risky asset can be estimated by discounting the expected cash flows generated by the asset over its entire lifetime at a risk adjusted discount rate. Remember, that the statement talks centrally about cash flows, so, it is not possible to value assets that do not inherently generate cash flows, like gold or currencies. Mathematically, + +Value of the asset with a n year life = E(CF1)/(1+r) + E(CF2)/(1+r)\^2 + ... + E(CFn)/(1+r)\^n, where + +* E(CFt) is the expected cash flow generated by the asset in year t. +* r is the discount rate that reflects the risk on the asset. + +The above equation, can be rewritten to remove risk, which provides another face for the DCF valuation. If we replace the expected cash flow from the asset in any year, by the guaranteed cash flow, then we can discount the cash flows at the risk free rate to arrive at the value for the asset. But, as it sounds, coming up with guaranteed cash flows for the asset is hard. + +This is the place where a lot of people mistake what Warren Buffet preaches. He mentions that he discounts cash flows at the risk-free rate, but he also discounts the cash flows that he thinks are guaranteed, rather than the estimated cash flows. **Remember, the rate of discount depends on what is being discounted.** + +&#x200B; + +**Two types of valuations** + +You can use the DCF model to value firms in two ways, and it is important to remember what you are actually valuing while you are at it. + +* You can value only the equity in the company. +* You can value the entire assets of the company, or the value of the entire company. + +When you are **valuing only the equity** in the business: + +* You need to account for cash flows to the equity investors. These are cash flows left after paying off any debt obligations. +* You need to discount these cash flows at the cost of equity, which is the rate that equity investors demand for investing in the business. +* The most strict view of valuing the equity in the business, takes the form of treating only dividends as cash flows, since those are the only cash flows to the investors. The dividend discount model does this exact thing. The problem with this approach is companies do not always pay all that they can as dividend, and could lead to arriving at a lower value, than possible. +* The next common approach is valuing the "dividend potential" which are cashflows left after interest payments. +* You can also arrive at the equity value of the business by valuing the entire business, and taking out the entire market value of debt for the business. + +&#x200B; + +When you are **valuing the entire business**: + +* You need to discount both cash flows to the equity investors at the cost of equity, and cash flows to debt investors at the cost of debt. +* If your interest payments are tax deductible, the effective cost of debt is reduced by the tax rate, i.e., Cost of debt = Cost of pre tax debt\*(1 - tax rate) +* You can simplify this, by discounting total cash flows to the business by the cost of capital to the business. In this case, the cash flows are before interest payments, because you are accounting for cash flows to both equity and debt investors. +* Cost of capital is simply the weighted sum of cost of equity and cost of debt, according to their market values. + +&#x200B; + +If there's something I have mistaken, I'd love to learn from you guys! :) +I understand that that this same question can be asked of any two neighbouring countries, but I'm confused for the case of the EU because the barriers to travel are very small. +I understand “inflation” is a rate of change. If in fact the supply bottlenecks/COVID-related demand are transitory, once they’re relieved (gone), assuming all else constant, will supply/demand seek its prior equilibrium which means we’d see DEFLATION back to previous price levels? + Babytether got a shoutout by verified crypto influencer crypto messiah. This is fucking huge. + +[https://twitter.com/1goonrich/status/1418398480272351232?s=21](https://twitter.com/1goonrich/status/1418398480272351232?s=21) + +Baby Tether ($BabyTether) is a fully decentralized token with insane rewards. No whitelists, no presales, no allocated tokens and total transparency that defines this project. +Amazing community, active mods ready to help you, no FUD. +Buy and get 8% $Tether rewards while holding $BabyTether every hour! + + +How To Buy + +Buy on PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdeba637adb6a2ce071da1b4fb36adf74cea4e424](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdeba637adb6a2ce071da1b4fb36adf74cea4e424) + + +Tokenomics + +Total supply 1,000,000,000,000,000 + +8% USDT reflection 🏆 + +2% Marketing fee 📢 + +5% Liquidity fee 💧 + +Liqudity is locked through dxsale! + + +\-Features + + +* \-Totally Fair & Stealth Launch + +* \-Automatic $Tether Redistribution (8% rewards) + +* Liquidity Locked + +* Verified Contract + +* No Team Wallet + +* CG & CMC Coming Soon, + +* CoinSniper alredy listed + +* Shoutout by several crypto influencers + +* Dashboard live in our website, track your rewards ! +* PooCoin ads submitted, awaiting approval + +[https://dxsale.app/app/v2\_9/dxlockview?id=1&add=0x4D1431e2b64E748d136aD9f47bA7261eB5747677&type=lplock&chain=BSC](https://dxsale.app/app/v2_9/dxlockview?id=1&add=0x4D1431e2b64E748d136aD9f47bA7261eB5747677&type=lplock&chain=BSC) + +Socials and Charts: + +Dextools: [https://www.dextools.io/app/pancakeswap/pair-explorer/0x0f368836238bb57414fc4dd6817b4260b265b50b](https://www.dextools.io/app/pancakeswap/pair-explorer/0x0f368836238bb57414fc4dd6817b4260b265b50b) + +Telegram: [https://t.me/BabyTetherBSC](https://t.me/BabyTetherBSC) +It looks like the first medical cannabis company to launch on the FTSE is coming in mid-February. Whilst there are some CBD firms already, this would offer something a bit different. + +Likely not something I’ll be investing in, and not advice for what to go for, just putting it up for anybody who’s interested, but previously had to look at the US/Canada for exposure to the cannabis market. + +https://www.theguardian.com/business/2021/jan/29/vaporiser-maker-to-be-first-medical-cannabis-firm-listed-in-london +I thought it would be a good idea to have a chat with Scott regarding certain topics that people have been talking about. Including clarification of a few things, especially due to different media outlets reporting different things. + +All I can say is What an amazing director, and a gentleman. He replied to me the very next day and in such detail. My respect goes out to him and his team. + +**I asked for his permission to share his response and he said he had no issue with sharing, and is always happy to chat to shareholders.** + +\--------------------------------------- + +**I will split this into 2 parts.** + +\*\*\***The first part is in relation to the PSA:** I was hoping you could update me on the progress of the PSA. There has been different things said by different media outlets in Zimbabwe and the public is confused. Also, it has been brought to my attention that last year there were promises of the PSA being signed that never eventuated. (including on your Twitter mentioning it in 2020). + +\*\*\***His response to this** *(if anything is in bold its because i have highlighted it in bold, not him):* + +As has been discussed in numerous ASX releases, the Production Sharing Agreement is comprised of **2 parts** \- the **Petroleum Exploration Development and Production Agreement (PEDPA)** and the **Petroleum Product Sharing Agreement (PPSA)**. This became necessary because the Ministry of Mines and Ministry of Energy are 2 distinct portfolios and to ensure that the agreements are enforceable and backed by the constitution, they need to be signed by the respective Minister's which have the requisite authority to enter into the provisions in the agreements. +**The extract from various announcements below on these agreements:** + + +"*The* ***PEDPA*** *provides the framework for progression of the Cabora Bassa Project through the exploration, appraisal, development and production phases, the obligations and rights of each party and the security of tenure for the project duration.* +*The PEDPA also provides for Special Economic Zone status for the Cabora Bassa Project which will facilitate a host of fiscal and non-fiscal incentives over the life of the project* + +*The Petroleum Product Sharing Agreement (****PPSA****) contains the fiscal provisions of the project, including the Republic of Zimbabwe’s profit/product share, and takes effect following the commencement of the production phase of the project. The PPSA is undergoing independent review which is expected to be completed in the near future, following which the PPSA is expected to be finalised and executed.* + +*Together, the PEDPA and PPSA form the Production Sharing Agreements (PSA) between the Republic of Zimbabwe and Geo Associates and demonstrates the Zimbabwe Government’s commitments to implementing investor friendly reforms and promoting and protecting foreign investment. The PSA will ensure that a predictable, stable and transparent legal and fiscal regime is put in place that is commensurate with terms in the region, follows international best industry practice, meets the country’s aspirations and provides investors and the country with a fair share of any developed resources*." + +&#x200B; + +**The tweet last year** referring to the PSA were actually comments made by the Minister of Mines. The term PSA is often interchangeable used by the local press and authorities in spite of our best efforts to clarify as above. **There was hope of signing the PEDPA last year but unfortunately the internal govt processes took longer than anticipated and was exacerbated by a COVID lock down in January to March. The PEDPA was signed in March this year and provides us with all the provisions we need for this phase of the project.** What is important are that the agreements are enforceable and provide the Company with the security and continuity of tenure and a pathway to develop the asset - not rushing to put an agreement in place for the sake of it. **These agreements will govern the project for the whole lifespan and it is difficult/impossible to change them and so they need to be right first time.** + + +**With regards to the timing of the PPSA** it is still being finalised and from a disclosure point of view we cannot provide a definitive time of when it will be signed. We are working through the agreement with Govt and **the independent review has been completed and changes being incorporated, but there are no major changes/issues.** Under the current legislation and with the PEDPA in place the project is actually covered in all aspects with an existing royalty/tax arrangement that is **the most competitive fiscal regime on earth with a 2% royalty on gas and corporate tax rate of \~25%.** The PPSA puts in place a production/profit sharing mechanism to bring the country up to a larger Govt take which is commensurate with other countries in the region. We want to put a fair structure in place right from the start. **It is in Govt's best interest to sign the PPSA as it gives the country a larger (but fair) stake in the project.** **The PPSA will obviously be signed in the near future given the independent review has been completed** and it puts the country in a better position. **I can understand people's anxiety but there is no need as it is all in hand.** + +\-------------------------------------------- + +**\*\*\*The second part is in relation to the progress of the project:** I am hoping you could update me on the progress of the project in general (i know seismic is underway). But i did see in the latest conference talks about the possibility of an additional land grant (bigger land grant) + +I also mentioned to him the fact that some things we have only found out about (or heard about) through the Zimbabwe news sites (which are confusing) or through the companies Twitter account. I provided some feedback in that it would be beneficial to keep the public updated on advancements via ASX announcements too. + +\*\*\***His response to this** *(if anything is in bold its because i have highlighted it in bold, not him):* + +As was disclosed in our previous presentation and announcements, the **seismic acquisition is expected to commence in the current quarter and is on track to do that.** With regards to the information on Twitter, the Company puts out these minor news pieces in this manner when appropriate to do so to bridge the gap so that the news whilst interesting is not what we would define as worthy of an ASX announcement. It is a bit of a balance but generally speaking we put out announcements for significant developments and not just for the sake of it, but take on board your comments on frequency of announcements and information. + + +**The media coverage that we receive in Zimbabwe last week was the result of our participation in the Chamber of Mines AGM and conference which was attended by our country manager Brent Barber who provided a presentation on the overview of the project and keys to success in the oil and gas industry, and then sat on a discussion panel. The comments on increased acreage were the result of a question directed to him on the panel session regarding the acreage sizes and that it would be nice if we could increase exploration block sizes. The media which was present at the conference then reported these remarks.** + + +This project is very closely watched in Zimbabwe as you can probably gather and there is a lot of reporting on our activities. Again, **the media do not always get everything right** as there is a knowledge gap in oil and gas reporting and **it is a futile job correcting everything that comes out so don't believe everything you read!** Further, we can't make announcements based on comments made by Govt officials whether it be the Minister or the President. However, it is obviously **very pleasing to have such strong support for the project from Govt.** + + +**The vibroseis equipment is on the boat and sailing to Durban and then onto Harare by road. The seismic camp site has been cleared for the camp build and Polaris crew on their way. The seismic survey has many moving parts and a lot to organise and there will be ASX announcements made once the major milestones in the survey get underway.** + +Regarding the share price it is obviously front and centre for investors such as yourself and something that we are mindful of but something that I don't generally fixate on from a day to perspective. I think in general we have done extremely well given we completed the placement only 6 weeks ago at 11 cents and had strong support above the placement price and in the absence of any real newsflow / catalysts. **The good news is we have a very active period ahead of us with a number of catalysts.** +I got interested in trading options in April. It has been 5 months now. Just wanted to share a short experience. Tldr; Its not worth it. +Slightly longer version follows. +The amount of nervousness and anxiety it causes and addiction that develops are some of the bad things. Sometimes you don't feel like setting a stop loss in fear of it getting triggered (despite the fact that stop loss is designed to save your ass). +Some of the big losses you take make you irritable and not able to focus at work. Even the feeling of FOMO hits you hard mentally. For example since last couple of weeks I had made a plan that I will short nifty at 11800 and yesterday it hit 11800 but I didn't and if I had I would have made decent money. The market fell like a stack of cards yesterday and I wasn't able to focus at work because of the feeling of having missed out despite planning for weeks. +Also sometimes you are in a big profit but you don't take it and it goes back to zero, it hits hard as well. + +Overall the emotional rollercoaster is not worth it. Thankfully I haven't lost any money trading options since I started so I am pretty lucky but I didn't make any money either. I only used a small capital of 10k which I was prepared to lose as I wanted to experience it without using lot of money. + +In the end its just way better to just invest money sensibly and let it grow rather than play video game in options trading. + +Please share your experience if you have any as well. It could be helpful to others. +I have this weird feeling that people think paperhands are going to create enough liquidity that more shares can be bought/sold/rebought/resold by HF and get out of their massive short position, little by little. Nope. They need to cancel out each naked short/synthetic share. Every share they buy will get cancelled out. AND, when that's done, they need to re-buy a ratio of the 'real' shares they shorted. They are truly fucked even if just r/Superstonk apes HODL. Think. Please. The shares need to be cancelled, not just rebought. Relax. We got this. Buy. HODL. Vote. +Vitalik had earlier hinted that the crypto community would welcome a long winter. He said that crypto could benefit from a crash as short term speculative attention is not good in the long run, while builders could benefit from less attention from speculators. + +Now he has made his strongest statement yet confirming the bear market, as he showed up to the EthDenver conference dressed as a bear. + +[Lord Saviour bear. ](https://preview.redd.it/hmnqu19nc5j81.jpg?width=623&format=pjpg&auto=webp&s=0ed400f123b11ec14e6c91039a6c9e26fe8bdc36) + +Few other shots of the bear spotted in the wild: + +[The menacing bear](https://preview.redd.it/isukgm8rc5j81.jpg?width=555&format=pjpg&auto=webp&s=728ca572bf3ca15f32bcc7bbf4904edf482aaf2f) + +[Fashion speaks louder than words. ](https://preview.redd.it/farksdfvc5j81.jpg?width=1200&format=pjpg&auto=webp&s=d94260c21c8e5fd42bf36141e8da81fe3b4f61b9) + +Crypto markets have corrected steeply from their highs made in 2021 and the weak price action looks set to continue as geopolitical risks and fed tightening cycle are set to play out throughout 2022. + +However, there is a debate among crypto market participants as to what actually constitutes a bear market. In stocks, a bear market is typically said to occur when stock prices crash by 20%. However given the volatile nature of crypto markets, 20% is a rather low threshold, and it is debatable whether 50% would also constitute a bear market or if it is just a down trend in an historically up only market. + +In this context, Vitalik Buterin - one of the prominent leaders of the space laying it down is a rather strong statement that we are indeed in a bear market. +Hello there + + +I am back again. In my last post in this sub [I complained about Groww](https://www.reddit.com/r/IndiaInvestments/comments/hnzdnn/groww_taking_more_than_10_days_to_receive_funds/) for being tardy with money transfers. Long story short - I was an impatient customer dealing with bad customer service. But in the end - CEO u/lkeshre got involved and everything was sorted out promptly. Happy to say I am still with Groww for Indian stocks. + + +A month ago - I decided to try out Kuvera Vested to invest in US stocks. Well turns it out - it was a stupid stupid stupid idea. + +&#x200B; + +1. After monitoring various stocks and waiting for the right moment I decided its time to buy. Only to be told that money transfer isn't instantaneous and can take almost 5 days! So I had lost the opportunity to buy the stock at the right time. +2. You have to transfer money from your bank to Kuvera vested account as a wire transfer. HDFC - one of the largest banks in India charges you twice. First a vague forex fee and another is roughly 1 rupee/dollar extra in rate conversion. Total 1269 rupees on transfer of 49K rupees. So lost 2.59% of the investment before my money even reached the vested account. +3. After making a modest profit on a trade I decided to withdraw funds - only to find out there is a $11 charge, so I lost another 1.67% of my post transfer amount ($660). +4. Sell stocks within 24 months and you're charged STCG according to income tax slab other wise you're charged 20% LTCG. If you get dividends you're taxed 25% flat in US and then you get foreign tax credits in India due to Double Taxation Avoidance Agreement (DTAA) agreement between both countries. Either way - guess what - your tax is now quite complicated and you'll likely end up paying more in tax filing preparation fees. + +Be aware of these "losses" before you start investing in US stocks. I have not looked into Groww for US stocks. Would love to hear from others on their experience. +I hope I don’t offend anyone with my question. I know there are a lot of people who are real estate investors who do it sort of as a hobby or just rent maybe 2-3 houses and one duplex. What do the guys with 20, 30, 50 million dollars worth of real estate doing? A lot of em started out the same way (flipping houses, renting, holding and selling, etc) and what makes them exceed to that level of commercial and residential? +Pretty new to investing so still confused about some things. + +For example if I buy 5 TD stock for $73.66, then again I purchase 6 more for $75.29. My avg price becomes $74.47. Will my gains be on my average price or the prices I have bought the stocks at? + +I know this may be a noob question but I just want to confirm. I use wealthsimple btw to buy my stocks. + +Thanks! +Please make sure to take care of your physical body today. If you are short puts like I am, it is going to be rough day again. + +If you are getting discouraged, please don't hesitate to PM me. Sometimes it helps to talk to someone who is in the same boat as you. + +Good luck out there! +I posted recently that I might cash out refinance on a 4plex I own but I ultimately decided to sell. + +I bought the property for $215k in 2017 and my realtor said it was probably worth $300k. Within 8 hrs of listing it for sale we got offers for $340k. + +What is happening? Lol + +Edit: Thanks for all your responses +I’ve been a habitual Powerball player ever since I could legally buy lottery tickets. I blame my parents, they bought a ticket twice a week when I was growing and we’d all stay up to watch the number drawings live on TV. + +Fast forward to today I'm struggling financially, living paycheck to paycheck (thank god for the stimulus checks), and can't stop myself from buying at least $8 worth of powerball tickets a week. I KNOW I'm not going to win but there's something exciting about having hope that I could win millions of dollars be all set for life. I don't think it's an addiction, but it still feels unhealthy. + +I saw someone else on this sub mention yotta savings as a way to play the lottery for free in a savings account or something like that and decided I'd check it out. I'm really not trying to plug them (no promo code, no link) but just want to give a big thank you to whoever suggested it. It's scratching that same itch as playing powerball but I literally can't lose money. I get a permanent weekly lottery ticket for every $25 I deposit and so now anytime I walk to the 7-11 down the street from me instead of buying 2 powerball tickets I put $8 into my yotta account. + +God, I feel like such an idiot for spending as much as I have on powerball tickets over the past 10 years. I just did the math and if I have spent $8 every week on powerball tickets since I was 18 (I'm 28 now) that's over $4,000 I've literally just thrown away :( That money could've come in handy now that my hours have been cut at work and my rent is going up $40 / month starting next month. + +Hedge fund manager Steve Cohen became a billionaire thanks to insider trading. How is he not in jail? On top of insult, he bailed out Melvin Capital* and is allowed to buy the NY Mets. + +FRONTLINE documentary link: +[To Catch a Trader](https://www.pbs.org/video/frontline-catch-trader/) + +I finished watching this Frontline documentary and was flabbergasted to learn that only the people working under him were found guilt and sentenced to prison. In one instance, Steve Cohen literally tells investigators that although he opened an email with insider information, he didn’t pay attention to the screen right before executing a criminal trade! + +This pisses me off because most of us on Reddit are investing our hard earned money one day at a time. We are doing it honestly and are still getting better yearly returns than Wall Street. These guys are playing with house money, cheating, breaking the law and becoming billionaires. + +The same guy bailed out Melvin Capital when Individual investors were beating Hedge Funds fair and square: +[Melvin Announces $2.75 Billion Investment from Citadel and Point72](https://apnews.com/press-release/pr-newswire/business-investment-management-trusts-and-fund-management-financial-services-steven-cohen-8935453622eaa23ee976ca07fa65cb2d) + +Edit: +Meant to type “who bailed out Melvin Capital” not “who bailed our Citadel”. + My cousin recently became a financial planner and is trying to build his clientele. He asked to have phone call with my husband and I to "tell us a little bit about what he does". Even though I knew we didn't need a financial planner I agreed to set up a call with him just because I thought it would be helping him out to have something on his work schedule. I figured I would give him the opportunity to tell us about what he does and then we would politely tell him no thank you. Well we had the meeting and he immediately started digging into our financial history, asking us how much income we make, what are assets are, asking our long term and short term goals, etc. leaving no opportunity to tell him we are not interested. He then set up our second meeting with him. This completely caught us off guard and I thought it was pushy and rude. Is this normal for financial planners? +I know the EVM is the Ethereum Virtual Machine and WASM (EWASM) is Web Assembly and it's supposed to increase scaling by 3-10x but what exactly is it. There aren't any good articles online about this subject yet. + +Other related terms that also need explaining: + +Truebit + +Parallel Process Transactions + +Payment Channel Networks + +Sharding + + +Getting back into the investment game this year, and noticed I did not get the full amount allotted on my investment. I asked Kuvera support for what's going on, and apparently 0.005% stamp duty has been introduced on mutual funds. + +Isn't this basically a 5x increase in costs or something? IIRC 1 paisa used to be charged as STT earlier, and fund houses already pay stamp duty on the shares they purchase. + +Am I missing anything? Is there a rational explanation for why the government made this move? What's even worse is that I can't include it in the cost structure of my investment automatically so I don't know my real expenses. +To summarize the situation at Citadel (and other SHF) + +1. $65B owed but not bought. Growing every single quarter at rapid rate is not a good thing for Citadel. +2. Short GME a F-ton. It is known. Largest and busiest short frenzy there is and ever will be. Member 140% reported? Member SEC confirmed those positions had no evidence of closing? +3. $500M Melvin loan taken back out of necessity +4. Melvin bag never closed…just absorbed their position because they had no choice +5. Credit rating is tanking each quarter. Almost near junk bond status +6. Begging for more money externally for the first time. $600M to be exact from Paradigm and Sequoia who both subsequently got burned by FTX +7. Clients withdrawing funds. 16 clients remain. Withdraw caps implemented with penalties to prevent those 16 clients from pulling out more $ +8. Swap reporting delayed TWICE to hide positions until 2025 +8. FTX & crypto collateral imploding by the day +9. Credit Suisse about to implode +10. Evergrande / China is ticking time bomb +11. Banking/HF’s continue to get crushed on earnings +12. Interest rates continue to rise - fed not slowing down +13. Gary proposing new market architecture on PFOF +14. Ken moving Citadel to Florida to mask downsizing of office +15. Ken firesaling his personal assets and seeking Florida real estate protection +16. Lawsuits on spoofing now appearing +17. Ken lied under oath to congress +18. Ken looks like complete shit. Has anyone asked him if he’s doing ok? +19. Hit articles won’t stop giving me an enormous erection +20. Shills and bots ferociously covering up anything that’s looks damning +21. DRS train not stopping!! + +22. SHF/Citadel had to go through the trouble of faking a DRS sell off to “scare” apes this quarter 😂 Only option remaining is kitchen sink…..or even worse crime! If I was looking for confirmation that this the right direction THIS WOULD BE IT + +23. Massive web of citadel Shell companies being formed with nothing more than a PO Box as an address. I.e. Glacier capital + +24. Mayo force one flying to remote stops in Africa with multi $billion dollar Bitcoin wallet transfers occurring within minutes of takeoff/landing + +25. SEC can’t afford coffee but can spend $700k on anti meme video. + +26. Kenny’s fake interview glitch …audio had clapping at wrong time. Big oops. Showed the desperation. + +27. Ken vomiting off screen - pathetic and some weak a$$ shiz + +28. $80 Trillion in off balance sheet FX swaps debt. + +29. Splividend not handled in consist matter by DTCC as other stocks. Why? Still haven’t gotten an answer. Likely because the system can’t handle an implosion + +30. A record keeping warehouse coincidentally went up in flames last year + +31. Citadels hissy fit on twitter when the details of the Robinhood lying under oath came out. + +32. Citadel removing comments from social media, google reviews, and Glassdoor job reviews. Scrubbing the internet of bad press and attempting to steer google search algos to fluff pieces. + +33. Citadel London office shutdown + + + + + + +Edits made - added a few more! + +And yes it’s DisneyWORLD! +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! + +Citadel Security's blatant abuse of their market maker privelages should result in an immediate revocation in power. This conflict of interest is such an obvious, monumental market flaw; I don't know how it's even allowed. + +Since the President of the NYSE recently came forward, it's no longer a secret that GameStop's price is being suppressed. Citadel is largely to blame. + +A significant percentage of retail trades go through Citadel. They can basically cut trades off at the pass and route them wherever they want. For example, if a buy order comes in they're able to process it out of the market where it won’t affect the overall price, while processing sell orders through the market which WILL affect the price. Most of the price suppression is likely due to processing buy orders in dark pools and sell orders on the market, launching of HFT-driven attacks to keep the price down in order to protect uncovered options, and set price to a level favorable to cover options. + +It's not enough that Gamestop is competing against e-commerce giants, like Amazon, they're battling what we now know to be an (even more) rigged market. + +They're making an amazing comeback and it's all the more difficult for them - the institution in charge of directing market orders is purposely sabotaging them because THEY'RE losing money. It's infuriating that the milestones they reach are not reflected in the price of their stock. What's even more corrupt is if it weren't for Citadel holding down the price, GameStop would probably have AT LEAST double the amount of cash on hand earned through recent ATMs. + +I don't doubt for a second Ryan Cohen has a plan and catalyst to launch MOASS. No way they're going to let these assholes continue to keep the price down or rely on the government to step in and fix the problem. + +"Freedom is never given voluntarily by the oppressor; it must be demanded by the oppressed." Keep hodling, ya'll. 💎🙌🏼🦍 +32yo male with no savings at all and no car. It’s like my bank account is always around 2k – 2,5k euros, without being able to build on that. I work in advertising and I earn 10k a year and as I live in Greece I know it’s not easy to get a much better salary. I’m torn between doing nothing and saving money and just doing the basic fun stuff (going out Saturday night, travelling during the regular holidays etc.) as long as I’m still at a moderately young age as many people around me are living a good life and looking like I would imagine a 30yo person should be like. + +How do I start saving some money from here? Are there other 30-somethings in my position? +My dad is a business owner (6 companies) and is probably just under fatFIRE. When he sees me reading up on Reddit or watching YouTube videos on investing he’ll tell me I’m wasting my life or that if they were actually self made millionaires they would be working, not making videos on YouTube. So I wonder, with your time being worth thousands if not tens of thousands per hour, how do you justify spending time on Reddit? +Forcing 3 day trades a week unless you have $25,000 is dumb as hell. So rich people can spam dips and sell high points but I can't just because they have more money? Can someone explain the logic behind this *besides* it being a protective measure for people? Last time I checked, those same people can take all of their money and put it on black at a casino with no supervision from the government at all. + +Edit: From what I’m gathering, if you resonate with me, you’re libertarian in your view of how much the government should regulate how you handle your own money... and if you don’t resonate with me, I’m a poor, stupid, financially irresponsible ingrate who actually doesn’t deserve to even own a share of JCP. + +Fun thread! +I' m a parent of a grown up adult that we always treated fairly. She always kept money she earned and gifts and on her 18th birthday, we encourage her to change her custodial account to hers alone and we never obtained credit in her name. + +&#x200B; + +When I was 18, I was given $10K by my grandfather to assist with my education and my mother kept it. As a result of him finding out it wasn't used for the intended purpose, my siblings never got a similar donation. + +I thought that was rare and unusual at the time. + +&#x200B; + +I am sadly flabbergasted by the tales on Reddit of all the ways that parent figure out to rip off their own children. Stealing their money and identity theft as well as straight up blackmail, coercion and emotional manipulation to wring as much money out of young adults as possible. There are daily posting on Legal Advice and Personal Finance about these situations. + +&#x200B; + +I am wondering if those of us on Personal Finance could write a comprehensive guide for teens and young adults to these situations and how to best protect themselves. + +I'm not talking about how to balance a checkbook stuff, but more along the lines of "How to make sure your parents aren't ripping you off and ruining your financial future" + +&#x200B; + +Is there any interest in this? + +&#x200B; + +Edit +6 hours (sorry didn't get back earlier, was out running errands with my wife) + +1. Thank you very much for gold!! +2. Inbox is bursting at the seams, I will try to get through them all ASAP +3. Mods, Please tell me how tell me how to get this on the wiki so I can start an outline and hopefully we can divide this up and collaborate on the document since I think it's going to be a lot larger than I anticipated. I don't think working this directly as a thread will be manageable. +4. Yes definitely RBN should be in on it, I don't think some parents are just bad with money, but NPs seem to think they have specific entitlement to a child's possessions. + +&#x200B; + +THANK YOU ALL FOR YOUR INTEREST and SUPPORT!! + +&#x200B; + +Edit +23 hours + +1. Thank you two more people for gold and silver! +2. A wiki author that knows a mod is working on getting a spot on the wiki. At this point I'll transfer outline to wiki. +3. I want to work on some **is / is not** boundaries for the guide and I want to divide it into 2 sections. 18+ and 14-18. while minors are limited in many ways, we still want to suggest legal ways for them to protect themselves. For example if an uncle want to give you money, ask that he put that in a custodial account with him and the minor rather than give the money to the parent. (just an example) +4. This is now looking like a couple of weeks at least to write a good guide, so please be patient. Thanks to Subject Matter Experts (SME) that have already volunteering information and offered to help write. + +&#x200B; + +Amazed by the continued interest in this. + +&#x200B; + +\+3 Days + +Under 18, you're kinda screwed if parents get their hands on money intended for you. The best thing to do is to keep them from getting it in the first place. If you have generous relatives that give you monetary gifts, there are a few things you can do to try to accomplish this. Since these relative are giving you gifts, that means they care about you. Try to develop a good relationship so that you can have direct and honest discussions with them. That means engaging them during family visits and treating them respectfully. Often, if your parents are financially irresponsible, other family members may not be aware. I wouldn't recommend telling grandma you parents are gambling away your birthday present, but you should try to point out that you are not receiving the gifts they intend for you. + +&#x200B; + +&#x200B; + +First, for small amounts, you can request that the relative create a **"joint minor account"** in their name and your name rather than giving the money to you directly. A typical minor account must have an adult and a child as the holders, but the adult does not have to be a parent. If only you and your aunt are holders of a joint account, your parents cannot legally withdraw money from that account. + +&#x200B; + +If a relative is giving you a large gift, you may want to ask them to create a **"custodial account"** in their name and your name. Custodial accounts are regulated by **Universal Transfer to Minors Acts (UTMA)** in most states. A custodial account is controlled by the adult and the beneficiary usually cannot withdraw money until they are 21, but only the custodian can withdraw money prior to the beneficiaries 21st birthday, so parents cannot withdraw from the account. Custodial accounts can also be created for securities and inheritances. + +&#x200B; + +You could ask them to change the way they give you gifts in thank you note. for example: + +&#x200B; + +Dear Uncle Bob, + +Thank you for the birthday gift of $100. I would love to tell you I used it to buy a nice gift, but actually mom took the check to save for when I'm grown up. I'm not really sure she is keeping very good track of your gifts and I think she probably used the money to buy a pair of Manolo Blahniks. Would you consider opening a minor account in your name and my name so that your gifts will end up benefiting me personally? An account at a credit union usually has no fees for a minor account and is easy to open. + +&#x200B; + +That way you can make a gift into the account and I can use it when I am 18. I hope you won't mention this to mom because she is sensitive about discussing how she keeps track of your gifts with me. + +&#x200B; + +Please let me know so I can give you my information needed for an account. + +&#x200B; + +Your neice, + +Roberta + +&#x200B; + +&#x200B; + +A few things could happen. + +Uncle Bob will open an account for you and you will ultimately be able to access the gifts when you are older. + +or + +Uncle Bob will stop sending your mom $100 for YOUR birthday. + +or + +Uncle Bob may tell your mom and she will be mad and she will continue to keep your money, but this is how things are going now, right? + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +You guys left so many awesome resources throughout the comments of the last post, so I thought I’d consolidate the info into an easier to read list for whoever might need it. I went ahead and looked up each service to verify they are legit, and listed the basic details of each one. + +As always, shop around. Depending on what you need, some services may be cheaper than others. + + +**—** Digital Doctor Services **—** + +**K Health** + +* $14 for one appointment with 2 weeks open for questions and follow-up. +* $39 per year for unlimited appointments. +* Subscription not required for the $14 appointments. +* You can get labs and prescriptions. +* Can use with or without insurance. +* Monthly subscription service for anxiety/depression with benefits of normal yearly subscription + mental health specific consultations, treatment plans, referrals, and monthly medication delivery. Must consult app to sign up and get approved for this particular service. + + +**HeyDoctor** + +* $20 for most appointments, though costs can vary depending on what you need an appointment for. Most typical appointments are $20, but check the website for all prices. +* You can get labs and prescriptions +* Can use with or without insurance. + + +*The prices of the next two digital doctor services are extremely comparable to typical cash prices for seeing a regular doctor. Not all that budget friendly in my opinion, but I’ll list them and their prices since they were in the comment section of the previous post.* + + +**Teladoc** + +* $49 or less for typical doctor consultations. +* $75 or less for Dermatology consultations +* $80 per visit for licensed Therapist. +* $95-$200 per visit with licensed Psychiatrist. +* Can provide prescriptions. + + +**Doctor on Demand** + +* $75 for 15 minute consultation with doctor. +* $129-$179 for 25-50 minute consultation with psychologist. +* $299 for 45 minute consultation with Psychiatrist. +* $129 for 15 minute follow-up with psychiatrist. +* Consultations can be extended for additional fees. +* Prices above are cash prices, but this service also accepts insurance. +* Can provide prescriptions. + + +*In addition to the services listed above, you should also consult your insurance, if you have any, to see what telehealth services they might offer. You may already be paying for this type of service in your insurance package.* + + +**—** Migraine Only **—** + +**Cove** + +* $4 monthly subscription fee. +* Migraine-specific help. +* Not for other medical issues. +* Can get prescriptions. + + +**—** In-Person Medical Help **—** + +**Planned Parenthood** + +* Discounted and free services for sexual health, birth control, routine testing, pregnancy, and more. + +**FQHC Clinics** + +* I couldn’t find too much about this, other than that it is considered a low-cost health service. It’s worth a try to look it up and what might be available where you live. + +**Cash Discounts** + +* Some doctors accept a discounted cash payment for treatment, so shop around where you live to see what options might be available to you. + +**Local Health Districts** + +* You can get low cost or free vaccinations at local health districts. +* Also ask them about other preventative vaccines, like HPV and Flu Shots. It doesn’t hurt to check if your town/city offers free or discounted preventative vaccines. + + +**—** Medication Discounts **—** + +**GoodRX** + +* Medication discount up to 80%. +* Lists the after-discount cost of all local pharmacies, as some are cheaper than others. +* Use discount coupons when you pick up your prescriptions from your pharmacy. +* Will call your pharmacy for you if they initially refuse to accept it, or don’t understand what it is. +* Free service. No subscription needed. + +**Blink Health** + +* Buy online and pick up medications at your pharmacy, or have them delivered. +* Free delivery. +* Can get consult with doctor if you don’t currently have a prescription. +* Free service, no subscription needed. +* See their website for a list of participating pharmacies. +* Can request refills, transfer prescriptions, and consult a licensed pharmacist with any questions. + +**Manufacturer’s Website** + +* Every medication manufacturer may offer huge discounts on their medications on their own websites. + +**Grocery store discount programs** + +* Your local grocery stores, including Walmart, likely have prescription discount plans, so make sure to ask your pharmacy about theirs! +* Typically it’s a yearly fee to sign up for these services. For instance, at Kroger it is $36/year. + +**Honeybee Health** + +* Online discount pharmacy. +* No insurance accepted. +* Free Delivery. +* Offers medications at wholesale prices. + +**Pharmacychecker** + +* Price comparison service for online pharmacies. +* Free to use. +* Does not provide medications, just helps you compare prices. + +**The Pill Club** + +* Birth Control Only. +* $0 medication with most insurance. +* $15 consultation fee + cost of medication with no insurance, or if out of market insurance. +* Free medication delivery with a few feminine goodies. + +**Nurx** + +* Sexual Health only. +* $15 consultation fees for each various service. The $15 consultation fees cannot be billed to insurance. +* $0 typically for birth control through insurance. +* As low as $15 per month for birth control without insurance. +* Testing prices vary depending on the test and if you do or do not have insurance. Consult their FAQ page for detailed test prices. +* Medications can be billed to insurance. +* Provides sexual health medications, including birth control and Plan B. +* Provides home testing kits for sexual-related illness such as STI testing and HPV screening. +* Can also order lab testing if preferred over home testing. + +**Simple Health** + +* Birth Control Only. +* $0 prescription with most insurance. +* $20 annual fee for the care package, includes initial consultation with doctor. +* As low as $15 per month prescription cost with no insurance. +* Free shipping. +* Automatic Refills. + + +**—** Prescription Skin Care **—** + +**Curology** + +* $19.95 per month, plus shipping. +* Includes ability to talk to provider +* Includes customized skin care formula. +* Includes cleanser and moisturizer. +* Includes 2 minute skincare routine to follow with the above products. + + +With any prescription that is more than you’re able to afford, you should also ask your pharmacist about alternative options, as they likely know something cheaper, or they can point out an over-the-counter medication or supplement that can help in the meantime if you can’t afford a doctor. I’ve personally had my pharmacist show me what over the counter medications would help with anxiety medication withdrawal that happens with certain anxiety and depression medications when you stop taking it. They helped me pick a vitamin that would help keep the anxiety at bay a bit so I didn’t have a complete breakdown while waiting for more meds. Pharmacists are a fantastic resource, and they’re happy to help. + +Also, try applying for free healthcare. It is available for people in hardship, and there is no shame in getting help from the government when you need it. It doesn’t hurt to just see if you qualify. I’ve used it before, and it can help relieve a little of the stress from poverty to at least know you’re covered if something happens. + +Thanks everyone for all your input on the previous post. If you know of other free and low-cost medical services, please comment below and tell us about them! + +Edit: formatting + +Edit2: Another user has had success using GoodRX at Publix. If a Publix refuses it, call customer support for GoodRX so they can talk to the pharmacy for you. +Bought a Motely Fool ‘Stock Advisor’ membership 6 months ago after being impressed by their previous stock picks performance. It’s displayed on their website and averages around 33% annually for fire (growth) and ice(income) recommendations. I have bought every months fire since joining and this months ice. + +Slightly irrelevant as you are meant to hold each pick for 5 years at least but for context I am currently up 30% overall. + +Based off their recommendations past performance I am considering buying substantial (given my available funds) amounts of future recommendations. So far I have only been buying £250 worth of each recommendation, a number I may bump up to £1,000. + +I searched Reddit to see if anyone else had done a similar thing for a good amount of time and had success. But I found very few posts. Mainly just a lot of people criticising MF for making them lose money (often seemed like these people hadn’t held the picks for 5 years) or about MF’s articles and pushy sales emails. + +I concede that the constant emails trying to upsell you other memberships are annoying and the many trashy and clickbait articles are pretty embarrassing. But when it comes to their actual stock picks I don’t understand the hate and the lack of success stories if the MF has achieved the annual returns it displays on its website so proudly. + +Basically I have £32,000 in savings which I am considering investing into future MF picks over the next 12 - 18 months and want to know what you all think of MF’s stock picks and if you think this is a good idea. + +And also want to hear from people who bought MF Stock Advisor, and other MF memberships, recommendations and how it went for them. + +Edit: Just to clarify I have never invested in stocks recommended in articles by MF only their official recommendations through the paid Stock Advisor service. As their performance is tracked providing some accountability. +I am looking to invest $10K into 10 dividend yielding stocks/funds. I’m 45 with 3 kids and do not want to invest in anything too risky. The plan is reinvest the dividends and to add a little extra each month. I’ve been trolling this Sub for awhile for ideas and have come up with a list I’m thinking of buying. I’m hoping for some advice. Is there anything I should add or substitute? I’m also unsure how I want to break the money it up. Should I do $1k in each or load up more certain stocks? Also, what platform is best for purchasing dividend stocks? I have an account already with TDAmeritrade but nothing is in it at the moment. Should I stay with them or switch to something else? Any advice would be appreciated. + +Here’s what I’m looking at so far: + +FRT, +ABBV, +XOM, +AAPL, +IVR, +VZ OR T, +PCI, +QYLD +Lorem ipsum dolor sit amet, consectetur adipiscing elit. Pellentesque laoreet mauris et pretium bibendum. Cras id enim vitae ipsum molestie pretium vitae a lorem. Nam non lacus consectetur, dictum mauris non, pretium erat. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Vestibulum in risus id libero auctor varius eu a mi. Donec commodo sapien nunc, a eleifend ex pellentesque convallis. Phasellus eleifend sapien vitae neque egestas, in tempus augue aliquam. Vestibulum venenatis porta sem, quis porta mi suscipit vel. Vestibulum tempor bibendum placerat. Nam consequat nunc quis magna auctor hendrerit. Nulla sagittis eget massa vel consequat. Aenean lacinia metus eget magna porta facilisis. + +Maecenas velit lorem, molestie tempus dignissim a, euismod sit amet eros. Phasellus viverra interdum eros, eget tristique felis imperdiet vitae. Donec a diam a diam tempus sodales. Integer dolor massa, dapibus nec iaculis sed, tincidunt vitae metus. Morbi commodo dui euismod ligula venenatis euismod. Sed condimentum sollicitudin enim in vulputate. Sed vestibulum dolor metus, a pharetra mi cursus ut. + +Nulla purus leo, malesuada ut ligula nec, sagittis dignissim nunc. Vivamus purus tellus, commodo non efficitur eget, lobortis nec magna. Nullam nec lorem accumsan, malesuada odio ac, rhoncus libero. Vivamus vestibulum sed mi eu pellentesque. Fusce magna enim, dapibus a maximus sit amet, maximus eu tortor. Maecenas efficitur purus quis felis viverra mollis. Sed placerat nec libero sit amet varius. + +In nunc nibh, venenatis id ultrices sed, molestie eget diam. Donec posuere faucibus suscipit. Sed tortor lacus, ultricies eget suscipit in, scelerisque in massa. Etiam aliquam leo at efficitur semper. Maecenas augue magna, porttitor in quam eu, laoreet interdum ipsum. In hac habitasse platea dictumst. Morbi quis lectus et est rutrum malesuada ut ut leo. Donec diam erat, facilisis in sem nec, lobortis venenatis ex. Proin fermentum convallis purus, vel rhoncus nisl sagittis et. Duis non ex et ipsum semper laoreet. Praesent at laoreet tortor, nec molestie dui. + +Praesent egestas nec ipsum et tristique. Fusce non mi et felis pharetra sagittis. Mauris efficitur mollis feugiat. Suspendisse vitae tincidunt arcu. Proin nunc lectus, accumsan eu sem sit amet, hendrerit efficitur nibh. Suspendisse sem orci, dapibus id pulvinar ultricies, pulvinar vitae est. Mauris scelerisque urna vel erat scelerisque porttitor. Donec porttitor neque massa, a faucibus nisi tempus ac. +Edit: it seems that CSS LLC was shut down or terminated by the sec in the disclosures they say = + +[https:\/\/files.brokercheck.finra.org\/firm\/firm\_45980.pdf](https://preview.redd.it/r8noii6250l81.png?width=764&format=png&auto=webp&s=0df51f4a43c7f738d315a98edb1f29c7762b887e) + +CSS LLC is a registered Illinois LLC. Location is 175 W Jackson #440, Chicago 60604. File #00204404 + +LLC managers include: Clayton Struve Brian Bentley Glenn McMillan + +Search can be performed here: [https://www.ilsos.gov/departments/business\_services/corp.html](https://www.ilsos.gov/departments/business_services/corp.html) + +CCS is not longer a broker dealer - but plan to continue its "prop" trading business... So CCS does not handle funds for others - but is a privately owned fund still bag holding GME... + +I was looking up PUT owners of GME... Some new filings came out recently and I dont know if it's been covered or not. + +**Also something on this firm owing $2,300,000,000 yes $2.3bn also the $244millon owed is very similar to Kens Put size positions - this is a huge number -** + +CSS LLC... + +[https:\/\/brokercheck.finra.org\/individual\/summary\/715219#previousEmploymentsSection](https://preview.redd.it/q84su3tw60l81.png?width=668&format=png&auto=webp&s=cdf3726ffd4a785491b445b2b90c083723976a90) + +&#x200B; + +https://preview.redd.it/hdu9b7lq60l81.png?width=813&format=png&auto=webp&s=bc9a7581e7f844b430dc5b972123f6ec17f423f3 + +First we see Citadel Securities with a massive Put Position... + +[Citadel GME put position is around $239million. ](https://preview.redd.it/tom19oosxzk81.png?width=1186&format=png&auto=webp&s=89afdf0b628125d56948928dfa5f7668320a75f4) + +And then I looked at the next Put on the list.... CSS, LLC... + +[They reported this Put on 2-14-2022 per the report.](https://preview.redd.it/0ngxl31syzk81.png?width=1326&format=png&auto=webp&s=2910eb712cd10434596a61bbd2fd44886f0e05b0) + +But according to Finra Broker Check.... CSS LLC was terminated by the SEC on 05/08/2021.... + +Oh shit... someone got caught in a boo boo and its a Chicago Firm... + +[https:\/\/brokercheck.finra.org\/firm\/summary\/45980#disclosuresSection](https://preview.redd.it/lhchtrv2zzk81.png?width=1113&format=png&auto=webp&s=37b2994fc3ea7b4e310fc62f9c3931b86ce1188a) + +&#x200B; + +[Thank you very much....](https://preview.redd.it/1ijuq7kczzk81.png?width=554&format=png&auto=webp&s=38b18622c9963c96941f2e2d8cfebd4f7dbf226a) + +https://preview.redd.it/t3bahw1hzzk81.png?width=1108&format=png&auto=webp&s=714ccaaa970da3264a6bfde1b403eecd0411e745 + +**TL:DTR: The first Put owner I happened to look at for GME... Is a Fund that was terminated by the SEC on 05/08/2021. This Fund reported a put position on GME on 2-14-2022. This Fund was based out of Chicago. We got them now Apes...** + +**after more review it seems its a broker that was closed down by the sec - but they never closed their shorts - they are making them bag hold the position privately - this firm owes $2.4bn to someone - if they paid that $2.4bn they would have to close their shorts - its getting spicy...** + +I would say this Peter Ianello is up to some GME fuckery - + +We have terminated funds reporting positions - I will take this down if Im retarded... + +Hedgies are Fukt! + +Im assuming there could be hundreds of situations like this - using dead firms to balance books somehow - some advanced fuckery... +**The format of this post has been modified to be more reddit friendly. Apologies for any momentum lost.** + +*This piece was written in collaboration with u/beerchicken8. He deserves a massive amount of credit and our thought experiment could not have been generated without him.* + +We wrote this piece to remind the community and new investors that we are incredibly early to this investment, and also to demonstrate that **ETH is massively undervalued even if viewed as a network utility token**. We meant for this to be as simple, yet impactful as possible. We are not in the practice of writing academic papers, but the narrative is clearly demonstrated. + +*all data is accurate to May 22, 2017* + + + + +**A Crude Valuation of ETH** + + +Pundits and the media will look at the recent price graph and will likely tell you that cryptocurrencies are in a bubble. Sure the recent price action looks aggressive and may appear unsustainable, but it is hardly a bubble. In fact, it is likely that ETH is significantly undervalued. + +[ETH Price Graph](http://i.imgur.com/1Kz2DgD) + + +Crypto skeptics attempt to value bitcoin or ETH using conventional stock market metrics like P/E ratio or by comparing market capitalizations of crypto versus blue chip companies. These metrics do not fairly translate to cryptocurrencies. We can improve on that. + +[Metcalfe's Law Image Description](http://i.imgur.com/a/573k6) + + +A close friend of mine stumbled across Metcalfe’s Law in an effort to properly value the market price of ETH, the cryptocurrency of ethereum. We can think of ETH as a demand-driven digital asset, since it is converted to gas to execute the smart contracts on the blockchain. It provides a vital network function: incentivizing miners to secure the blockchain. Therefore **we should attempt to value ETH by attempting to value the ethereum network itself. We can use the daily transactions as our tool.** + +Metcalfe’s Law aims to value the network effects of communication technologies like the Internet or social networking. The premise is that the value of a telecommunications network is proportional to the square of the number of connected users of the system. + + +**To determine a fair market price of ETH, we can compare the ethereum network transactions squared (or the network value) versus the market cap of ethereum.** + +In the following chart, we chose to graph the log of our inputs for a better visualization of the correlation. + +[Log graph of Transaction^2 and Marketcap](http://i.imgur.com/a/tzdUv) + + +The scale is misleading, but when we look back at the ETH market cap and see that it fell below the network valuation around the time of the DAO hack. The market cap languished as the ETH price suffered from a lack of investor confidence. But as investors licked their wounds and Bitcoin maximalists cheered, the ethereum transactions have steadily increased; they even outpaced the price correction. +Yet, that was just the log graph. This is the actual Metcalfe’s Law graph demonstrating that network value of ethereum vs the market cap: + +[Metcalfe's Law for Ethereum](http://i.imgur.com/WsnXvy2) + + +We can see clearly that the market cap is significantly lagging the network effect. Theoretically, the network valuation calculated by transactions squared should equal the market cap. + +So here we are. We can conclude ETH appears cheap. But this is probably far from the truth: **If the current network value equals the current market cap, we are completely discounting the future growth of the network.** + +Stock investors will buy stocks on their future earnings and growth potential years in advance. The Tesla stock has outperformed every incumbent metric due to tantalizing growth projections. But Tesla will likely not generate profits for years. +In the case of ETH, this growth discount is significant. Not only does it not appear to exist in the price, but we can make 3 safe assumptions to forecast the opportunity for incredible growth: + +* The corporate adoption of ethereum is ramping up: the current EEA onboarding of 86 companies last weekend and 100 more coming in June will accelerate the network transactions in the coming months. The sheer marketing network from these corporates should also draw additional attention to the burgeoning blockchain space. This will likely snowball into more corporate memberships as these companies aim to keep up with the joneses. + +* The EEA plans to standardize the basic smart contract functions. The collaboration between EEA Members using this enhanced functionality will provide more momentum to roll out of more dapps and use cases. This will further increase the network transactions. + +* The synergy of the dapps will exponentially increase ethereum’s network transactions as they stack protocols to change the world. + + +Also, there are additional factors accelerating the scarcity of ETH: + +* The Ethereum Name Service (ENS) auctions lock up ether for at minimum one year. These have only just begun as investors are claiming their naming rights for their wallet addresses. + +* The looming ‘Ice Age’ essentially reduces the daily issuance, or supply, or eth tokens. This decrease in supply should be price supportive as well. + + + + +**Further Reading:** +u/mr_yukon_c touched on some other metrics signalling the strength of Ethereum Network in an excellent post the other day: + +https://np.reddit.com/r/ethtrader/comments/6cr75s/current_state_of_the_ethereum_network_extremely/ + + + + + +Unpopular opinion. Personally, I’d rather lend out my BTC and pick up 6% compounded returns, so I can get more BTC. It’s a “free” DCA. Yeah, I get it. “Not your keys not your coins.” For me, the risk that the company I lend to goes belly up is low enough that I’d rather accumulate more than have it sit in cold storage. Convince me otherwise +I'm looking for a little advice, please don't hold back- no feelings will be hurt here! 35y/o married, 1 kid, NYC. Working at a wall street firm, compensation is 700k/yr, W2 closer to 550/yr (the difference is deferred out for many years). NW is around 2.8M (\~40k/yr in dividend income). NW is mostly liquid besides \~500k equity in condo. + +Like many of you, COVID19 has made me reexamine things in my life after my wife and I both got sick in March 2020. We don't see NYC as a viable long term option to raise a family (especially with it's recent decline). Work isn't as thrilling as it used to be, the sense of accomplishment has worn. It's also grueling and burn out rate is very high. I don't have the same spark to climb the corporate ladder like I used to in my 20s and early 30s. Maybe because I'm high enough to see what's there and it's not as interesting as I thought. My wife stopped working after our daughter. + +That said, I still definitely have some fight in me.. I don't want to retire on a beach and drink mojitos all day. I feel like I need to get a plan together. The idea of quitting in the next 1-2 years to pursue FI is very intriguing and I feel fortunate due to my income/NW that this might be realistic (or not?). I'd like to have a gig so I don't lose my mind, maybe rentals/airbnb or a small business. My wife and I joke about moving to New Hampshire (0 income tax) and starting a new life. I'm a bit concerned since I'm a social person and I feel like FI can be isolating at this age? I've dedicated so much of my life/time to my work, I don't have anything in the hopper. Is this the sign of burn out? Should I just quit my job and find another firm before taking a big leap? Or stop being a baby be appreciative of what I have and muscle on? Any suggestions/question/inspiration welcome. Thank you! +Right now I’m at £12,500 ($17,500, I’m based in UK) and currently age 21, it feels good to be able to have a solid amount in investable assets. Because I’m based in UK, I get 15% tax on US dividends but oh well, I get roughly £170 per year in dividends mainly because I invest in companies with super low yield like MasterCard and Microsoft and few growth stocks. + +My goal is to reach £20,000 (roughly $27000- 28000) by the end of the year. My long term goal is to have £100,000 by 2030 so that it’ll be able to compound itself with few regular deposits to allow myself to retire early and comfortably. + +Ah yeah I also invest in a tax wrapper so any gains and dividends made won’t be taxed by UK which a nice plus. + +Edit - We should start celebrating smaller goals like 5 figures and 4 figures not just 6 and 7. From the comments I’ve gotten it has motivated me a lot more! + +Edit 2 - Thank you for those that upvoted and commented to congratulate me! And those medals are awesome! +Right now I’m at £12,500 ($17,500, I’m based in UK) and currently age 21, it feels good to be able to have a solid amount in investable assets. Because I’m based in UK, I get 15% tax on US dividends but oh well, I get roughly £170 per year in dividends mainly because I invest in companies with super low yield like MasterCard and Microsoft and few growth stocks. + +My goal is to reach £20,000 (roughly $27000- 28000) by the end of the year. My long term goal is to have £100,000 by 2030 so that it’ll be able to compound itself with few regular deposits to allow myself to retire early and comfortably. + +Ah yeah I also invest in a tax wrapper so any gains and dividends made won’t be taxed by UK which a nice plus. + +Edit - We should start celebrating smaller goals like 5 figures and 4 figures not just 6 and 7. From the comments I’ve gotten it has motivated me a lot more! + +Edit 2 - Thank you for those that upvoted and commented to congratulate me! And those medals are awesome! +My mom is an emergency physician and makes a pretty big income, around 200k-300k a year. But my whole life we never actually owned a house or lived somewhere huge or something like that and it's always just been 2 bed room apartments. I always knew she was paying off debt but I never knew how much she had. Recently I heard her on the phone say that her debt was almost 1 million dollars. When she goes to the guy that does her taxes they say they take so much from her because she cant buy a house, but she can't buy a house because she has too many loans and so she's in a bit of a loop. I want to help her and i dont know how. She works at a Veteran Affairs hospital for the federal government, so maybe there can be some type of loan forgiveness plan. I just don't know. Any help is appreciated + +Edit: for anyone who is wondering, I'm assuming the loans are from med school debt. + +Edit 2: I should explain her situation more. 3 kids, no husband/childsupport. One kid in college, graduates in 2021 :26k per year. I'm going into college, this fall, 16k per year. She said she wanted to pay for all of it. She's paying out of pocket because her income is too high for aid. + +Edit 3: some more info. +Rent is 2k a month +Graduated med school 11 years ago, started making doctor money 8 years ago. She became a doctor later in life, she'll 53 in a month +We live in an upper middle class town + +She divorced during med school which would mean she did not have financial support during school and must have looked to loans to support 3 children until residency + + + +I just want to say, despite my lack of all the appropriate information, thank you everyone for your advice. I really appreciate it and I'm trying to get through the comments so I apologize if I don't reply. I have a lot to think about now and will try an update this post. +So currently I'm living in a flatshare for €325 warm - for a budget-conscious person definitely a plus, but having a 5 person WG right outside the city limits is making me reconsider. Especially since I'm almost 30. I make €3500/mo before taxes (€2240/mo after) so theoretically I'm able to afford €700/mo based on the 1/3 rule, but given that I'm expecting some not unsubstantial medical bills (dental, about €2k within the next year) plus the fact I've simply never been the main tenant in Germany before (I'm from the US) is giving me pause. Thoughts as to the direction I should take? How much apartment can one afford on such a salary but with expected expenditures ahead? + +Current savings is €14k. I know, I'm way behind the pack here. +I worked HARD all of the past year, paid off all of my debt and met my savings goal. + +I should be over the moon in happiness but instead I just feel completely numb empty. + +What is wrong with me? +I am trying to figure out how much do you Fat Fire guys spend a year. Most of the folks here are in HCOL I think and wanted to see what’s a fat Fire lifestyle encompasses and what do you spend money on? + +For us it’s mostly the mortgage and daycare that takes the biggest chunk and we are spending around 90k a year hardly fat. Want to get a sense of what level of spending/ expense would be considered fat? +Hey, I wrote these two back in January during the original crash of Alibaba (BABA) + + +[https://talentedinvestor.com/blog/china-largest-tailwinds-in-history](https://talentedinvestor.com/blog/china-largest-tailwinds-in-history) +[https://talentedinvestor.com/blog/alibaba-amazon-on-steroids](https://talentedinvestor.com/blog/alibaba-amazon-on-steroids) + + +I think these articles are more relevant today than 5 months ago. Summary: + +China has had the fastest pandemic economic recovery (18.3% increase first quarter). The best and most modern infrastructure in the world given the scale of their country, their average annual salary is expected to reach 30-40k USD by 2035 x 1.5 billion people = 2x larger than USA + Europe combined. +All Alibaba needs to do is continue to grow. While there are competitors, JD, PDD the size of the economic pie is growing so fast that in 10-15 years, JD and BABA could be 2 of the largest 5 companies in the world. Not to mention geographic proximity and access to the largest and fastest growing middle class region in the world 5 billion people in the south east Asia region. + +Let me know what you think. +I’ve been a lurker here for a while now, but I’ve been following a lot of great advice. For the last ten years, I’ve been living just with my son on about $11 an hour. No help from the state or child support (which is a long story). I finally moved up a bit in my job, and started a small side business. I’ve been saving every last penny I have to make this possible and thanks to you guys, I should be moving out of my garage apt end of next month! It’s all surreal. I never thought I’d be able to own my own home. I still am working on some down payment money so I’ve decided to have a yard sale and purge all my old stuff which is a win win. Less to move!! Thanks guys!!! I love this group. +I get the importance of taxation and what not, but that doesn’t mean it absolutely sucks looking at my gross income vs what I actually take home. And somehow I still owed the government money this tax season. That being said, although I struggle to save a significant amount of money each month (only a couple hundred) I’m happy with where I am, roof over my head, food in my stomach and bills get paid every month. It’s just a pipe dream of mine to not have 30% of my income gone before it even hits my bank account. Have a blessed Tuesday y’all +Turkey has one of the highest inflation rates in the world and their currency has been dropping against the dollar for years. + +My understanding is due to Turkey's persistent rate cuts. + +What is the rationale for doing so? Despite record inflation the country is relatively stable and still a regional power. + +What are the implications of Turkey's economic positions? +If you're trading BSC coins and haven't been living under a rock then you have most likely heard about Ultrasafe. It is the coin that broke multiple world records, was listed on Coingecko in less than 12H and peaked at a marketcap of $80M in just a couple of days. Those are some ridiculous metrics that suggest this coin has incredible potential, and might even be comparable to the likes of Safemoon. + +&#x200B; + +Today you have the rare opportunity of buying UltraSafe at a cheap price. There's a very juicy dip right now that can be taken advantage of. I know that you apes like fast gains, constant announcements, news etc - well, the $ULTRA team is doing an AMA today where they are DOXXING themselves and there's also a CertiK audit due for release today. It wouldn't be surprising if CertiK rated this safer than safemoon, considering it's a much improved version of that coin, with a better, safer sounding name, UltraSafe. + +&#x200B; + +Those are just the things that are coming today, there's much much more in the works. That includes the following: + +&#x200B; + +\- Marketing campaign with several high profile influencers + +\- Several CEX applications and listings + +\- New, redesigned website + +\- Merch Store and NFTs + +\- Development of a dApp Suite + +\- Additional marketing including billboards, plane banners, flash mobs and more + +&#x200B; + +If you want to join the ranks of UltraSafe and be ultra safe from the current market correction, check out our links: + +&#x200B; + +Site: [ultrasafe.finance](https://ultrasafe.finance/) + +Telegram: [t.me/UltraSafeOfficial/](https://t.me/UltraSafeOfficial/) +You don't know me. And that is fine. I'm not selling anything, not affiliated with anyone. I don't share track records because I do not care to prove a point. This is my knowledge and what i've learnt, so I hope it's useful to you. Or not. + +I will not reply to DMs, I will hardly reply to comments. I just want to share. + +I've been trading for 9 years. Ok, I've been losing for 8 years and a half, then trading for the rest. 9 years is pretty precise, in 2 days from now is my very first deposit. + +I have lost 100+ micro accounts - i don't do demo, i just deposit 50-100 USD to play with; it is sufficient for daytrading with high margin, can maintain 4 usd risk per trade. I think it's important to trade with real money, even if it's beer money, because this is a brain game more than anything else. + +For 8 of those 9 years, I always thought I needed a better strategy. Some developed myself, some I took from courses. I watched 20+ courses, both from esteemed sources, and your generic 50 dollar private discord ones. Some were good, some were bad, but the good ones are not good because they had the better edge. I am convinced al 20 courses had an edge. But the problem is in the bullets below. + +If you have ever experienced the following: + +1. find a strategy +2. make some good money for it. Sometimes, even for a month +3. feel like you've got it +4. lose it all back within week(s) + +this is for you + +* Most edges are good. Seriously, they are. Your job as a trader is to identify an edge, and exploit it, and I am confident there are a billion ways to trade the market. I know a person who has been daytrading DAX on m1 with moving averages for 15 years, and is doing pretty good; i also know a few position traders off monthly candlesticks. Stop thinking the edge is what matters +* Trading is simple. If you think you are doing anything smart, you are delusional. My 4 year-old can draw a couple of lines on the chart. +* Trading is also hard, but not as hard as they convince you it is. Assuming you have proven an edge, the only thing stopping you from making money is YOU. We all know the stats, 99% of traders fail. I think, that statement alone, is the reason 30% of them do. Because we believe it is so hard, we don't trust ourselves that we can make it, and we make mistakes. +* Trading is a self-control game. Here i will break my rules and recommend a guy, who wrote a book. He's been trading live in front of thousands of people, for years now. And shares a lot of free info as well. I highly recommend the book Best Loser Wins: Why Normal Thinking Never Wins the Trading Game. Nevertheless, he offers the exact same info on his site for free. The name is Tom Hougaard. + +I really want to expand further into that last bullet. You all know how professional traders have losing days. Losing weeks. Losing months. Terrible years. If you think your current strategy has an edge, I have to ask you - how many trades have you done with it while being in drawdown, and without changing it? I just told you, and you've heard that before, pro traders also have HORRIBLE periods. When's the last time you stuck with the same strategy after losing 20 trades in a row? + +In reality, trading is a simple game. + +1. Find an edge +2. Prove edge (backtest) +3. Apply edge + +That bullet number 3 is the key. It sounds easy, but that IS the biggest problem of all. You are expected to perform, like a robot, day in, day out. + +Now the problem with trading is nothing is black and white. You have to eyeball a lot of stuff. That makes you part of the system, whether you like it or not (except if you have a trading robot; have not had success with those either). + +Back to those courses, i am certain they have an edge. I don't believe they generally sell faulty systems, I think most of them are actually good. But they can't teach you how they see the market; to this day, I make decisions during the day that i can't explain. "I saw something I didn't like" is very hard tho describe in a journal, let alone to someone else. Thus, the courses are all incomplete; very few I've seen teach you how they arrange their actual trading day, how they actually manage emotions, how they actually percieve the market as it goes. One that has is Al Brooks, and if anyone here has read his books, it almost feels like the rambling of the hobo by the bins downstreet. If you can follow his thinking, you have some insane focus skills. + +If courses are incomplete, as there is no way for the author to pass his actual knowledge to you, no wonder I haven't heard anyone say "o yeah, I took X course, and I'm now a profitable trader". What do you do now? + +Well, you have 2 problems on your hands. No one can teach you trading as they can't pass actual information to you (unless you get mentored by someone good, and i mean really mentored - stay by his ass for months and trading together) and applying any edge you might actually have. Both of these can be fixed somewhat easily. + +Get a list. Write down what you want to be. Who you are. What your weaknesses are. What your strengths are. How do you want to spend your days as a professional trader. What your life looks like. And focus on a target. There are many many edges out there, and nothing is impossible. Any trading rule you can give me, and I know someone, profitable for years, who breaks it consistently. + +Think of technical analysis. What is the tool you always go back to? I am not a fan of indicators myself, but i developed a RSI Overbought/Oversold strategy with an insane edge. Just a few rules, and a pessimistic target, and on backtesting it ended up killer. Anything is possible, so go with whatever comes naturally to you; because whatever comes naturally to you, is going to be easier to follow! + +Now develop an edge. Hard, boring, tedious work. Follow your list, and think of the tool. You want to catch every swing for whatever it gives you - sure, but be prepared to sit at the PC all day. You want to go Set&Forget style? fine, but accept sometimes you will scrape 10 pips out of a 100 pip move, and not be able to reenter anywhere; watch as the market tanks without you. You will ALWAYS have to give up something to gain something else. Wide stops/tight stops; passive and active management; scaling in, scaling out; set targets, floating targets. TA based targets, or fixed R targets. Play with/without confirmations. Generally, a good strategy covers these points: + +1. market conditions +2. Place where you want to buy/sell +3. confirmation - what do you want to see before you buy/sell +4. management - what do you want to see AFTER you buy/sell +5. Targets and risk management + +Develop your own, because you are the only one who can trade it. And it's the only way you will feel and know the nuances behind it. Develop it with your long-term goals in mind. A friend of mine was struggling, and he told me he wanted to daytrade now, to accumulate capital faster, so he can swing trade and enjoy life after. He doesn't have a mindset for daytrading, and, after 4 years, gave up. He is now swinging, and made a small fortune thanks to compounding - he just had to start being himself. + +Personally, I trade with high RR, and very low strike rate. I have strings of 30+ losers sometimes, and then a string of 5-6 6+R trades. It's who I am. I've tried for years to change. I always wanted a 2R, 50% strike rate, easy and simple strategy. I developed a bunch. All of them proved profitable in backtesting. Failed miserably live trading. When I did the checks at the end of the week, on 18 out of 25 trades I had broken the rules. Expanded the TP to 3-4R because "i saw a good technical level for target" or tried to "get in early"and artificially increase the R despite what i claim above. I ended up getting the worse of both worlds - low strike rate and low R. + +What I did? Fuck the 2% flat rule, it's like someone telling you to go all in every time you have AA starting hand in poker - not for every style, blind and boring advice. I now risk way below 1%, and I am comfortable. I have days with -4, -5, -10R; I also have days where I do 20+ R. It's just ME. trade-by-trade stats, my expectancy is really really low, 0.15 R - which means generally I make 1.5R every 10 trades, without compounding. My broker loves me for the commissions, but I end up green, and that is all that matters. + +If you think about it, you actually need very little to be extremely profitable with the power of compounding. I'm not gonna tell you you're gonna grow a $100 account into 3 billion in a year, but compounding is still there, and it does magic. What you need is to remain in the game long enough, and strict enough, to survive the shitty periods. Fortitude is the word. Get kicked in the nuts, but keep doing the same thing you know is good, day in, day out. + +So, a quick summary + +* Only YOU can develop YOUR strategy as per YOUR goals, aspirations, and personality. +* You can't undo whatever you've done till now, you already have a favourite tool in the toolbox; now sharpen it +* The game is NOT that hard, if you drop the mysticism around it. Develop, test, apply +* If you find the strategy that suits you, applying it should be easier + +There are a million edges in the market. You only need one, yours. You learnt all the "technical skills" you need back in kindergarten, now be a grownup and develop your business. +There has been a super popular article about Mohammad Islam being a highschooler worth $72 million. Got a lot of attention here: http://nypost.com/2014/12/14/stuyvesant-hs-student-nets-72m-on-the-stock-market/. + +I went to Stuyvesant. I wasn't in Mo's grade, but my little brother is. I called him after I read the article (I'm in college right now). He told me it is all bullshit. He is friends with one of Mo's "cubs" and his friend admitted to him that Mo is worth well under $100,000. + +Got me thinking how that many people could buy the story up. Let's say he was able to turn $1 million into $72 million in a year, it would be an incredible accomplishment. However, who would trust a highschooler with $1 million in the first place? Also, articles state that he attempts to pass $1 billion by the end of next year? From $72 million?! This is all a publicity stunt and a scam for when he tries to start a hedge fund. +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +I woke up this morning and summed up some thoughts on why shorts can't ever win this battle. Meanwhile, HF managers are probably doing insane OT this weekend, figuring out how to deal with 15 million FTDs. It's a good time to be a GME stockholder. + +Here's why shorts cannot win. + +* It's a hill to die on for many people. The public support GameStop receives is too big for the shorts to overcome. No matter how long it takes, retail is willing to support GME for decades, with many people continuing to fight against this fraud and corruption for a lifetime. +* Everyone dislikes corrupt bankers. Sorry to talk politics, but this is a rare bipartisan voter support situation. Political donations to both sides can't fight against this mob. +* Shorts might perform more blatant illegal fuckery. Fine. Bring the price lower. Superstonk will just keep buying.The safeguards to lock the float: + * Over a million GME retail investors, of which 116,000 use ComputerShare so far 🦍 + * $100 million in GameStop her war chest dedicated to share buybacks 🧰 + * Brilliant chairman and billionaire RC 🪑 + * The cellar is **$0.0001** bitch. Bring it. The ultimate fallback: me, myself and I. I'm prepared to buy ~~the whole float~~ all outstanding shares myself and DRS that shit 💩 + +^(Edit: $7635.08 would get me all outstanding shares for the cellar price, not just the float 🐱‍🚀) +https://preview.redd.it/7r6dz0jdtzj51.jpg?width=544&auto=webp&s=85bbcdc692064738086259a00ad5d16121f8ada0 +Tweet in question + +Reddit is notorious for these kind of naiive posts where they don't consider what the numbers actually mean. A single payer healthcare system would mean the costs are to the government unlike in private Healthcare. + +Is this post legitimate or is there some key things they aren't considering here? Don't know much about Healthcare but I do know our system, at least through anecdotal evidence, is kinda bad imo. + +Curious to see what yall think +I recently went through a divorce and I'm trying to get my life on track — starting with my financial life. + +I currently have about $120,000 in my savings account. + +**What is the smartest way to use this money for investing? Should I:** + +* Dump a large lump sum (like $70,000) into something like VTSAX now? +* Invest smaller amounts each month over the next 6-12 months and then dump a lump sum if there is a big dip in the market? + +**My Financial Stats:** + +* Salary of $85,000/yr +* Side business income will be around $20,000-$25,000 in 2021 (most of which will fund my solo 401k) +* Mid/late 30s +* No debt +* No children +* I rent an apartment. I don't see myself buying a house any time soon as I live in NYC and prices/taxes are very high. +* $120,000 in checking/savings +* $30,000 emergency fund (separate from other funds) +* $190,000 in 401k +* $55,000 in taxable brokerage +* Business checking has around $25,000 but I don't want to touch that. + +At this point, I don't really have any financial goals other than saving for retirement and building wealth. I live in NYC so I doubt I'll ever buy an apartment here (at least not within 5 years) but I might consider it if I boost my salary or if I ever move. +Tax accountant from Perth, here. Just looking to bust a myth which sadly pops up all too much. + +Tax deductions generally involve you spending your money on 'something'. The 'something' you spend your money on could be an expense, an asset, or an investment related payment (i.e. prepaid interest). + +However - please don't fall into a common trap of spending money just to get a tax deduction. You only save tax based on the marginal tax rate proportion on the amount you spend, not the full amount you spend. + +For example, if you earn $90,000 and your marginal tax rate is 39%, this means that if you spend $100 to get a tax deduction, you then get $39 back as a tax deduction and you have spent $61 to buy the deduction. +Value investing, at its core, is essentially buying great businesses at prices lower than their intrinsic value. Combine good analysis of intangibles, and you can find some really good plays. I feel, however, people have chosen to ignore the potential of lower priced, lesser known companies for companies trading well over their intrinsic values. Apple was trading at around 100$ in the early 2000’s, and the fundamentals made sense for a buy back then, but people didn’t buy it until it became mainstream. There are still many companies TILL THIS DAY that have amazing fundamentals, are in up and coming industries, and also have competitors doing decently well. If you can find these companies and hold on to them, then how is value investing dead? Is it easy to find the next Microsoft or Johnson and Johnson? No. It wasn’t easy in 1995, it wasn’t easy in 1965, and it’s not gonna be easy in 2021. But the notion that value investing is some how less effective would mean that fundamentals don’t matter long term. I think that’s a very dangerous narrative to push. If you’re not betting on a companies fundamentals for the long term, then what are you betting on exactly? Somebody to come along pay more for the stock you just bought? +I always wondered why the market keeps breaking records when Experts shows that it's an abnormal situation that only waits to collapse. + +I know that experts does not dictate the market, but I don't understand why saying something that won't matter in the short or mid term +I put aside the long term because everyone can make a long term prediction and somehow get it right if he waits long enough (most of the time) + +What do you think about this ? I'm curious to know about your opinions +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Hey y'all, + +Currently renting in Austin, TX and I've decided to take the plunge into RE and decided I want to 'house hack'. I'm already pre-approved for an FHA loan and am linked up with an agent, who house hacks as well. + +However, from what I'm seeing, most of the duplexes that are in the areas I would live in are all 400k-550k. I've put these properties through dealcheck.io and the cash flow is always negative. + +I realize the market is hot and has been hot for some time, bought I thought with some persistence I'd be able to find a deal at some point. + +The units in these duplexes I'm looking at do not seem to rent past $1300, so even with some updating (which the houses in the 400k range usually need) I still don't think I can make it work. + +I know there are other ways of making money from RE (appreciation, amortization, etc), but it seems like most people will not buy a property without positive cash flow. + +Am I better off just looking at single-family homes? + +I'm still very much in the information-gathering/learning phase, so your responses are appreciated. +I have a (hypothesis) that a margin call did happen today and a hedge fund did get liquidated. + +Today we saw the rise of short float to 113%. What if that is just a piece of the puzzle. If a company got liquidated then their positions were all documented and they could no longer hide behind other means of shorting. The bank then reported the real short interest for that one hedge fund and now we see that reflected. + +Now we just have to wait and see what they will do with this. Either another hedge fund picks up the bag to keep the game going or we see those positions covering. + +I also propose that we can now look at that reported short float to see who is being liquidated. + +This could also be all speculation but at this point that is all that we have. We just have to wait and guess the means and signs until one day they hit us in the face with the short squeeze. + +[edit] This could actually weirdly explain the price drop on Friday. Here me out. If they are hiding shorts with option spreads and FTD then liquidation would lead to a temporary drop in price as call options are nullified. So basically synthetic shares are erased just leaving shorts which can now be reported. Friday may have been the margin call. Today may have been liquidation. Friday they sold off assets and hedged against GME shorts. These were now reported on Monday + +[edit 2] What if every glitch that we have seen is just this. A hedge fund FTD or sells positions to cover margin. Or they got margin called and have to uncook the books. + +I misspelt the title, please kill me + +[edit 3] So Evergrande*. What if this is happening because these hedge funds were padding their margin with shitty Chinese companies. This could be the reason why we are starting to see things happening t+35 days after Evergrande* went down. More speculation that China purposefully dunked on these overvalued stocks to send a knife into the American financial systems. If we look at which hedge fund was most exposed to Chinese shitties that is short GME we may be able to see which hedge fund is getting liquidated. We won’t see the full effects of t+35 liquidations for a little longer now + + +Also I want to add that at this point I am way down the rabbit hole of speculation but am trying to paint a picture that can hopefully be backed by empirical evidence + + +[ u/Vagabond_Hospitality comment] “I just dove into the Archegos stuff again. I think this would explain a lot. When Archegos got called, their open positions were liquidated. This would account for price action drop on Friday (if someone got called and liquidated). Thing is, since Archegos had so many return swaps - their positions were opaque until after the liquidation. They were using the swaps to hide their actual positions. Morgan was the one who eventually made the call, but they couldn't just liquidate everything: they had to sort through it. Credit Suisse ended up holding the bag because they were the last ones to make a demand. + +So, if there was a liquidation on Friday - then any shares or calls bought as a hedge would have been liquidated (probably off-market). Those are easy. But, because of the return swaps - the banks that did the margin call would have to "unwind" the positions and figure out what was even there. So, one day later, all the shorts get reported. + +Just like Archegos - the bank that made the margin call had a day before the other banks caught on and started demanding covers. If someone did get liquidated Friday, positions unraveled and reported today, then we could expect a lot of covers happening tomorrow. + +(this is pure conjecture mostly based on the Archegos timeline, but it does seem to fit the facts)” +In the last few days I’ve crossed $2.5M for the first time. The growth to this point has been unexpected, coinciding with moving from an engineering position to management about 9 years ago and a significant windfall from working at a pre-IPO company. + +Last fall I reached what I had set as my target FI number, $2.333M. I figured that this was enough to cover an anticipated $70k/year spend at a 3% WR (my spending has historically been around 35-40k, but I was accounting for things that aren’t included in that figure like new cars periodically, taxes, more frequent vacations, health insurance, and more for housing since my mortgage over the last \~10 years has been really cheap and I was in the process of selling my house at that time.) + +It also just so happened that right when I was hitting that number I finally landed a new job after a pretty long search. The timing was great, because I didn’t feel ready to retire at 38 years old, and my thought process was that I could join the new company in a “I’m technically retired and just doing this for fun” mentality. It also didn’t hurt that I have some fears about retiring right at the top of a bubble after a 10 year bull run. + +Fast forward about 6 months and, unfortunately, it turns out that I made the wrong choice with the new job. The work is boring, my boss kind of sucks, and I feel like I’m wasting my life in a giant building doing stuff that doesn’t matter. A few years back I would have thought that this is exactly the situation that FIRE is for — I should quit and enjoy my earned flexibility. What I didn’t take seriously enough was that I never spent the time and effort to define what I’m retiring TO. This lack of planning is now haunting me. If I quit, I don’t know what I’ll do. Yes yes, I can read all the books and play all the video games and so on… but I still have too much of my identity tied up in what I “do,” and I’m just not ready to make that leap. I also now wonder if being bored at work is enough reason to give up a really great salary & benefits, even if I have what I need. Flying business class several times a year could easily eat up a lot of my budget and sure sounds nice. + +I’m posting this partially because it’s cathartic to write about it, but also as a warning to those of you earlier on the path. Take the “one more year” warnings seriously. Figure out what you’re retiring TO. Have fun along the way. I thought I was doing those things and wasn’t depriving myself too much, but I still allowed work to become too much a part of how I define myself. Don’t be like me. +I have been a life long dividend investor brought up by my dividend investor parents. I stumbled on options and theta gang 3 months ago. I have never seen this amount of gains in my life. I’m a teacher, and I officially earn more in premiums a week than my measly bi weekly paycheck. Thank you so much theta gang and god bless America. I just needed to post this +My boss and landlady suddenly passed away on Wednesday, it was a shock as she was one of those "one in a million" characters. I worked for her for over two years. + +The pub we ran together was a limited company, she was the sole licensee and DPS. Without her, the company doesn't really exist anymore. So nonetheless I have just suddenly found myself unemployed for the first time since I was 16 (I'm 26) + +I have absolutely no idea what to do or where to start now, I've been really lucky in my working life, I've always been in employment with no gaps. + +How do you start again? I have no fall back as it was so sudden. I've got bills and rent to pay at the end of the month and I've got nowhere near enough to tide me over. + +Any advice will be greatly appreciated. +For as long as I can remember, my family has eaten out 75% of meals. My mother is the only mother I've ever known who is a certifiably terrible cook (my dad refuses to eat any fruits or vegetables or anything with spices other than S+P, so that doesn't help). Throughout college, I worked full time while going to school full time and spent most of my money pursuing the same habits, getting Wendy's or Taco Bell 4-5 times a week. I've never really learned to cook and when I think about it psychologically I realize I definitely turn to Fast food as a comfort and really enjoy the feeling of "being out" at a restaurant or something. I'm really unhappy if I manage to not eat out for a week or so and feel miserable. + +Now I'm older, 30, and I make around $200k a year. But my habits have still not matured. It's not fast food, but I still go to fast casual restaurants and fancy places 7-10 times a week, often paying for my GF. I checked my Mint.com records recently and found I was spending upwards of $1500/month on this, which I realize is ridiculous. I need to change and just feel a little overwhelmed with how to do so. Is this a case for therapy or is there something simpler I can do in the meantime? + +EDIT: whoa, this blew up. Thanks everyone for the great advice. I was an inaugural member of Blue Apron years ago and was frustrated with their selection a lot of the time. Too much cod. Yuck. Anyway a lot of it went to waste anyway as I'd just ignore my Blue Apron food to eat out anyway. Anyway I got rid of that a few years ago. I think the suggestions to do things gradually and without the use of a food service are good and I'm gonna try those. + +I agree with those of you who suggested it is not hard to cook. I should have been clearer in the OP - I can cook fine, I just don't ever desire to cook at home. I genuinely prefer fast food and fine dining (curiously I sometimes prefer fast food). Just thought I'd try and get some ideas from folks I respect (this forum) on how to change that. I can probably "afford" it but I just don't want to. I would prefer to spend what an average person does and just save the rest. + +Edit 2: since everyone was asking, I work in a big law firm. Also I thought I'd give an update - I made a bunch of breakfast burritos to eat over the next two weeks instead of my usual latte and muffin out, and cooked enough chili for leftovers for the rest of the week. One day at a time. +I’m 23 yo and when I started I loved picking 10-12 strong div stocks and dumping money into them and keeping an appropriate ratio of VTI. but I started having doubts and kept constantly looking at them and thinking of new ones or wanting to dump old ones and I finally choose to only have VTI/ SCHD and should still be great for retirement. So I want to ask anyone who wants to answer, has the fear of not out performing the market with stocks brought you back to choosing only (or mostly only) the market? +I'm a 31M FANG engineering manager (TC: 550K-600K, Networth: ~1.5MM, SF bay area). I've been hating my job lately because of the bureaucracy / pointless busywork of a large corp, and a lack of space for me to move up. Having said that, I'm comfortable, and my role isn't all that time-consuming (work 35 hours a week). + + +I received an offer from a Series A startup as an individual contributor. Technically this is decreased scope, but the company doesn't really need managers right now. I'm not sure if that matters but if I do want to be a people manager, it would be hard to get back in with only 1 year of EM experience. The offer is reasonable (170K, 0.50% equity), but based on my calculations I'd need the company to become a unicorn just for me to break even (albeit with capital gains tax treatment instead of earned income). I liked the founders and engineers I talked to. I like the work a little less than what my team does now. + + +Financially, should I stick it out for the guaranteed comp? By my calculations, I could retire in less than 20 years with 10MM semi-guaranteed (not counting spouse income/networth). Obviously, life happens, but my point is that I'm on a path to FatFire with no risk. Having said that, there's substantial upside from the startup. 1 billion valuation is breaking even, but 2 billion cuts my FatFire time in half. And if it isn't panning out after the first year, I can jump ship. When I look around at my former classmates, most of them are at a startup of some sort. +I’m a Real Estate Agent and the Director of acquisitions for a development group and I’ve seen a bunch of investors pulling back to reevaluate their investing strategy which ultimately means staying out of the market for the time being… +Tonight on a family vacation, sharing talks about life, work, balance and the future with my Mom, my husband suggested I tell her about FIRE. I briefly explained fire and how with some hard work and smart investment moves I could retire at 45 or sooner. I explained the concept of working and saving hard in my 20s and 30s should allow me to retire early etc. Mom thought it was a great idea but had tears in her eyes saying, "I'm so proud of you, but here I am at 60, still trying to figure it out." :( + +That made me so sad and now I'm feeling so guilty. By sharing the concept of fire, by no means did I want someone else to feel bad. I went on to profess my sincere pride in her and her successes in life as well. She was a single mother of four, worked hard, went through hardships and doesn't really have much of a retirement but is living a good life now partly because of a partner she met recently. + +Has this sort of guilt ever happened to anyone else? How did you handle it? I don't really talk about finances with anyone, especially fire but it seemed like an okay time to mention it. I didn't get into specifics but I feel so bad. My heart sunk. + +What to do in a situation like this? +Everyone knows that wealth begets wealth so instead I wanna hear stories from those of you who grew up broke af. I'm talking poverty trailer park hood type shit. + +I'm sure there are many of us lurking here looking for proof that it's possible!! + +Edit: I was a first generation refugee who grew up in poverty for most of my life. Now I work in high finance and am on the fat path. I know a few other people that have a similar story. Even if nobody else gives examples in the comments, know that it's possible and there's always hope. + I have a rental home adjacent to a university. The university is short on living space and they have expressed a strong desire to rent the property so they can place students in the home. There are many options floating around with regards to multi-year leases and having the university maintenance staff handle maintenance issues. I know nothing about commercial style leasing. I'm not afraid, just not educated. Anyone have some sage advice to help me out? +A 24 year old at our company just became the vice president. And by coincidence he's the former CEO's nephew. Already hasn't us know how fun his travels to other countries have been and, by accident, let it slip he doesn't know much about computers; this is a tech company. + +It doesn't stop here. It's every fucking industry and even some of my favorite actors and singers and athletes have a blue name on wikipedia! + +"Follow your dreams and it could happen" they say, what they omit is the big fucking head start they got +I recently watched an interview with Ray Dalio and Grantham. ([https://youtu.be/peCAzmkC5o4](https://youtu.be/peCAzmkC5o4)) + +They said the bigger the bubble the deeper the depression. This bubble is bigger than 2000-2008 or 1929. Like the saying goes no pain no gain. So expect a lot of pain in the very near future and a lot of gain after the market crashes to the bottom and goes to the next record-breaking High. Eventually expect the feds to introduce qe4 after their failed stimulus packages, never ending money printing policy, interest rates hikes and broken economy. Expect a lot of pain with inflation it will continue for a very long time. Hopefully the average American household income will raise to meet the inflation bubble. +Hi. + +&#x200B; + +GoodRx Q4 earnings was released a couple of days ago, and as outlined in [this article](https://ca.investing.com/news/stock-market-news/goodrx-plunges-35-as-guidance-disappoints-2646983) the EPS came in at $0.09 instead of the anticipated $0.10, causing the stock to plunge about 38%. + +How come the market reacts with such a huge drop based on - seen with my novice eyes - a quite small underperformance from a high growth company? I know that wall street is all about the next 6-12 months, but a close to 40% drop based on a an EPS 10% below expectations seems rather excessive. + +PS. Note the typo in the title - it should say "10%" +Yesterday I have heard of Zacks. Zacks are advertising a 25 percent profit AVERAGE annually over the last 30 years or so on their strong buys. 25 percent. I have no idea about this company whatsoever, but I would really like someone who knows more about Zacks to tell me is that actually true or do they basically change their strong buys every week. They ask for like 250$ annually for a premium membership which sound crazy, but if you actually get access to a 25 percent average annual profit it might be worth it. I want to know how reliable are Zacks and do they actually accumulate these numbers because these are some crazy stuff. It seems too good to be true. Anyone knows more about Zacks and about how reliable and trustworthy they are? + +I'm a beginner at investing. All I really did is read the intelligent investor by Graham and started to look at pe ratios and PEG ratios after ive seen some videos on YouTube. I have also tries investing with a simulation where I 4X my money the past year and a half. 25% return like Zacks's, if I pick manually the stocks I want out of their strong buys section based on some research I will do on the companies and their statistics like P/E, PEG, current ratio, profit margin compared to the industry and return on equity. + +It's important to say that I'm a 17 year old and my experience with the stock market is yet to be very wide. What im investing is close to $10k that me and mainly my grandfather have, he is also planning on adding 750$ every month so I can invest more. IMPORTANT: This is by no means money he needs! He is a wealthy man and this is not any important money for him, i can basically lose all of it (which im not going to do) and it wont hurt him financially one bit. What I will be saying is it might hurt my financial experience if im simply picking Zacks's strong buys after filtering them. If any of you know more about zacks and a potential scam that is going on there, please let me be aware of it. 25 percent average annual return is literally insane. That sounds like a free ticket to heaven, which is also why im suspicious about it. Do they change their strong buys (or #1 ratings) annually or do they basically do it every week? Thanks a lot in advance for any help/advice! Let's all have a great 2022 of investing! +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. +What do you think? + +I "invested" in SMT during the Covid bull run and cashed out at the top. Extremely lucky timing. + +I've been thinking about getting back in but it seems like a very risky YOLO bet these days similar to Ark ETF. + +Anybody here holding SMT? If so, why? +Just a quick venting post. Lost massively on $NIO this morning without a stop loss. I didn't follow my own rules and wiped 2 months gains in an hour. + +Reminder: Set stop losses and follow your own rules. + +My rule I didn't follow: Wait 30 minutes from opening bell to assess the day trend. I saw the 8% jump and thought it was going to be a bull day. Brutalized. + +&#x200B; + +Edit - Just wanted to say thank you to everyone for providing input. Really kind bunch of humans we have here. Back to growth next week. +My trading platform doesn’t allow me to buy SCHD directly. I’d like to buy some of its best holdings instead. If you could only hold 3-5 of the stocks within the fund, which ones would they be and why? Which stocks could encapsulate the purpose of the etf best? +DM me, I'll message with you, I'll call you, I'll video call you, I'll talk to you until the early hours. I don't mean about DD and why haven't we mooned. This can be scary for Apes who may feel vulnerable. + +Mental health is important to take care of and I learned it the hard way, but I learned it and aquired skills that I use everyday to keep me in check. If anyone just wants someone to listen to them, I'm here. No judgement, just internet hugs, some big ears and maybe a different perspective. + +We are a big family now and I don't want any fellow Ape thinking they don't have anywhere to turn if this whole thing is overwhelming. + +We may all think that everyone just gets off Reddit and spends time with friends and family, but there are people who still feel alone. + +FYI I'm an Irish Ape and our timezones maybe different but don't worry, I got you. + +Positive vibes ✌️🤙🧘🌟 + +Edit: man the response has been amazing! To all the people who have reached out, I will keep responding and any new messages I will respond but I have to get some sleep. 1.30am here but I will respond to each and everyone of you. Know that everything you feel is normal. I hear you. + +And the fellow Apes who have opened there DM's, fantastic! + +To the negative sentiment Apes, I feel you, I understand. There's just Apes who need this and well, Apes strong together. +I put this together, I hope it is useful. + + + +There are three main types of fund, an exchange traded fund (ETF), an investment trust and an open ended investment company (OEIC). Funds can be actively managed with a fund manager buying and selling shares or they can be passive where they track an index like the FTSE100 or the Nasdaq. Funds can be open ended such that the number of shares in the fund goes up and down depending on net additions / withdrawals from the fund or they can be closed such that the number of shares is fixed and selling the fund does not trigger a sale of the holdings of that fund. Funds can be traded on the stock market or they can be held by the issuer of the fund. + +ETFs are passive (with limited exceptions but these are generally not available in the UK). They are traded on the stock market but with a bonus that there is no stamp duty. They are open ended and generally traded at Net Asset Value (NAV), the value of the stakes in companies that they own. They are quite transparent and some ETF providers will give you a list of all the holdings of an ETF (or you can derive this from the constituents of the index being tracked). Some ETFs pay out dividends from the companies they own as income, others are called accumulating and they reinvest such income back into the ETF giving you more units. Example – INRG, ishares clean energy. Research at www.justetf.com + +Investment trusts are companies that invest in other companies. They are actively managed. They can hold shares in pretty much anything, including unquoted companies and they can borrow money to invest (called gearing). They are traded on the stock market. They are closed ended. They can trade at a premium or discount to their net asset value depending a variety of factors such as on the strength of demand for the investment trust and the perception of the value of the unquoted investments that the investment trust holds. They list their top 10 holdings and every 6 months when they publish results they provide a more detailed listing of their holdings. There can be a large difference between the buy price and the sell price for smaller and less liquid investment trusts. Example – Scottish Mortgage. Research at https://www.youinvest.co.uk/research-tools/screener/it + +Open Ended Investment Companies can be actively or passively managed. They only invest in listed companies. They are held by the company that issued them (Vanguard, Blackrock etc) who must then convince brokers to list the fund. Some brokers will let you trade OEICs for free so if you want to drip feed small amounts of investment they are a good choice. They trade at net asset value but they are only priced once a day. The buy price is the same as the sell price. There is at least one day’s delay from you placing an order to the OEIC being priced so you will not know the actual price per share until you get a completed contract note. There are over 3000 OEICs and finding the “best” ones can be tricky. Some OEICs like Fundsmith are quite secretive and it can be difficult to get information outside of the top 10 holdings. Example – Blackrock Next Generation Technology. Research at www.trustnet.com + +There is no one ideal investment type. However beware of investment trusts or actively managed OEICs that are “closet trackers” which hold lots of the largest market cap companies like Apple and Amazon as you could save money by buying an equivalent ETF. There is debate as to whether actively managed funds beat passively managed funds. Top rated fund managers should beat their passive equivalent but this cannot be guaranteed to occur every year. + +Perhaps the ideal products are those from US fund manager ARK which has active ETFs which publish their buys and sells every trading day. Performance is great and costs are reasonable. However they are not listed on any European stock exchange. + +ETF – pros :- transparent, no stamp duty + +Cons :- not many ETFs have stellar performance + +Investment Trusts – pros :- can invest in exciting areas like high growth start ups + +Cons :- need to watch the premium to net asset value, smaller trusts can have a big difference between the buy and sell price + +OEICs – pros :- can drip-feed small amounts, no stamp duty, no bid-offer spread + +Cons :- at least one day delay in pricing so not best for short term trading, difficult to research + +Useful websites:- Morningstar , ii , citywire +Place would have increased my income by 50%, basically putting my household FIRMLY in the middle class bracket and improving my standard of living. Just tired of struggling, but I wonder why I had to do an IQ test...is this common for higher income jobs? +My daughter came to me with a question. As a defrocked accountant (not really, I got the degree but bailed on the CPA exam) I think I know the answer but I thought I’d put it out here in case anyone knows better. + +She has about $60K remaining of her student loans. She’s doing well at work, and her boss offered to pay off her student loans in lieu of a raise for the next few years. Her boss hates taxes and is trying to come up with some kind of scheme such as calling it a loan to avoid them. I told her than any kind of loan payoff, forgiveness, etc. and even if the payment was made directly to the student loan company it would still be considered income to her by the IRS. She can’t receive it in portions as a “gift” as she is already in an employer-employee relationship. Given that this would put her well into the 24% bracket, the taxes would be a lot of money. + +She wasn’t particularly happy with my pronouncement so I told her I’d ask here. Does anyone have any thoughts beyond what I’ve told her? +I'm a new hire at a large intigrated medical company. Manager offered a $500 sign on bonus in the interview. I never got it in writing, but asked about it after 30 days and the manager is now denying it. Should I take it higher in the company and Lodge a formal complaint. Is it financially worth it? Or should I just keep my head down and forget it? I'm also upset about being gaslit, but could use really use the money as well. + +Edit: Thanks for the response and advice guys. As a young professional I greatly appreciate your wisdom. Gonna go ahead and start looking for other options, before resignation from this company. I can correct my own behavior, but I can't correct a managers. +https://www.bloomberg.com/news/articles/2021-01-08/biden-calls-for-quick-pandemic-relief-minimum-wage-increase + + +This is going to be interesting. On one hand, it may not pass due to Joe Manchin, but I think Biden will be proposing a $2-$3T stimulus this Thursday. He also supports another round of checks but this time for $2k. Based on the numbers, $400b of the “trillions” in stimulus is just on the $2k checks. + +Rumors are he will also throw in a lot of clean energy and EV subsidies in there too. Possibly in the tens of billions. + +Bull market 2021? +> Vodafone Idea clarifies on reports of Google eyes stake in Vodafone Idea. Company says it constantly evaluates various opportunities for enhancing the stakeholders’ value. Currently, there is no proposal as reported by the media that is being considered at the Board + +[CNBC ](https://twitter.com/cnbctv18live/status/1266294194680721416?s=21) +Blanderson Snooper here, back with another page of toilet reading for all you Apes. Does an Ape shit in the woods? Only if there's wifi. + +If you want a shot of feel-good confirmation bias, skip to the last section, "The Good News." See you back here in a minute. If you're ready to take the whole wild ride, buckle up and enjoy. + +🚀🚀🚀🚀🚀🚀 + +Four weeks ago I published [the Wargame Theory](https://www.reddit.com/r/Superstonk/comments/mvov2f/the_gme_wargame_a_new_theory_of_everything_my/), a cultural DD that used narrative as a way to explain some of the unexplainable parts of the GME saga. That theory explained events up to 4/17, and made some fairly accurate predictions about where we were heading. This one skips ahead to the present day. If the Wargame Theory was about plot, the sequel is a character study of the antagonist. + +I called that one my Charlie Day-DD because it was my Theory of Everything. This is my Vizzini-DD, where I try to reason through a problem using only the psychological traits and life experiences of my opponent as premises. + +[It's all in the names](https://preview.redd.it/h415beipr1071.jpg?width=680&format=pjpg&auto=webp&s=3c89c0e8cb5f8ff8f66156a2bf7b08c28ba28730) + +Before we get into the new timeline, I want to highlight the most important prediction of the Wargame Theory: + +&#x200B; + +>"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." + +**Big Bad confirmed: The Mother of All Fear, Uncertainty, and Doubt** + +By last month, I was convinced that the shorts were trapped in a black hole of their own making, that they could neither stop shorting nor extract themselves through any market mechanics, even illegal ones. People I trust were fond of using that analogy, and the technical DD suggested it even though it was incomplete. + +The Wargame Theory was based primarily on u/c-digs’ analysis of the regulatory environment (I’m also posting his ongoing DD because I find it excellent and bullish). + +[Why We are Trading Sideways](https://www.reddit.com/r/Superstonk/comments/mu9xed/why_were_still_trading_sideways_and_why_we_havent/) + +[Why SR-OCC-2021-004 is So Important](https://www.reddit.com/r/Superstonk/comments/mnpzu5/srocc2021004_why_this_proposed_rule_change_is/) + +[The Brakes Might Be Off This Week](https://www.reddit.com/r/Superstonk/comments/nfagu1/this_week_might_be_it_the_brakes_are_possibly/) + +**tl;dr – SR-OCC-2021-004 is scheduled to drop on or before this Friday, May 21. That, along with the OCC raising its Clearing Fund by almost $600,000,000 (due today, May 19), means that we may now have the regulatory framework** ***and*** **institutional action in place to give Marge the go-ahead.** + +That’s why I’m writing this now. + +We’ve understood them technically, and beaten them technically. + +We’ve understood them culturally, and beaten them culturally. + +All that’s left is the MOASS. Oops, our bad. + +# The Wargame Theory II + +The Wargame Theory was a cultural DD trying to fill in gaps in the technical DD by thinking about what was happening in the community. It sought to answer questions about trading and reporting anomalies, SEC inaction, and how our communities have functioned in the absence of clear evidence around any of them. At the end, as I did in [my original cultural DDs](https://www.reddit.com/user/Blanderson_Snooper/comments/m793qf/gme_apes_a_cultural_due_diligence_part_1/) (with way more memes), I tried to impress upon Apes the importance of learning to recognize and counter FUD. + +The Wargame Theory II, on the other hand, is based on a series of technical DDs that I have had my eye on for some time regarding the short interest and methods of hiding it in the strange options plays we had seen from time to time. This time the technical DDs help us understand gaps in our cultural knowledge. + +What I mean is, I think these theories help explain Glacier Capital's appearance, why its appearance signals an imminent MOASS, and what it might look and feel like. + +(One caution, I’m not a financial guy, so I hope that the more technical folks (or even original DD authors tagged here) will come in and fill in gaps. Also if I have missed important pieces of the puzzle let me know. Something tells me u/HomeDepotHank69’s DD should fit in here somewhere, but I am not sure how. Maybe I'm just a fan.) + +In chronological order, I think these are the technical DDs that suggest the story I’m about to tell. + +u/dejf2 \- [The SI% is Fake](https://www.reddit.com/r/GME/comments/mhv22h/the_si_is_fake_i_found_44000000_million_shorts/) + +u/broccaaa \- [The Naked Shorting Scam/Dark Pool Activity](https://www.reddit.com/r/Superstonk/comments/mvdgf5/the_naked_shorting_scam_in_numbers_ai_detection/) + +u/eastrod \- [A Method for Hiding FTDs in Useless Puts](https://www.reddit.com/r/Superstonk/comments/mzgtvx/a_method_for_hiding_ftds_that_uses_the_109mil/) + +u/Criand \- [Estimating Current SI% using Deep ITM Call Purchases](https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/) and [May 20 ICC, DTC, OCC Rules Updates](https://www.reddit.com/r/Superstonk/comments/ngru15/the_flurry_of_rules_before_the_storm_dtc_icc_occ/) + +Now to the story. + +# Kenny’s Greatest Weakness: A Weird Obsession with Names + +One thing we know about Ken Griffin is that [he thinks very carefully about names](https://www.chicagotribune.com/business/ct-ken-griffin-children-1109-biz--20141107-story.html). + +Kenny used a spreadsheet to pick names for his children, despite his wife reporting that “he has shown little interest in them” after they were born. He used the spreadsheet “trying to ensure that any name or combination of letters wouldn’t doom his three children to ridicule.” + +Now look, I’m not saying Glacier is the tip of the iceberg or anything, buuuuut maybe I am. + +My belief is that Kenny is obsessed with names that are evocative of real things but which also serve as metaphors for understanding what they do. I think it’s an attempt to be clever, and to hide private jokes in plain sight as a way to feel superior. + +Kenny: "Haha, I'll use Glacier first because it's only the tip of the iceberg! But they'll never know it because I'm going to get them to sell!" + +I don't think Ken's a very funny guy, so if that doesn't seem funny it's because it isn't lol. + +**I have come to think of his this weird relationship with names as his supervillain weakness. He just can’t help himself, and it reveals everything about his plans.** + +# Evolution of the Apes and the MOAFUD + +I want to start by saying that I have more confidence in Apes than ever before. Apes have absolutely mastered the art of FUD War, now regularly calling out Forum Sliding, Anger Trolling, and coordinated shilling in nearly real time. Even more encouraging, Apes have done this by clearly defining their community rules and then *taking responsibility for enforcing them*. + +Apes have intentionally learned together how to approach trolls and shills, how to recognize and deal with coordinated FUD, and how to maintain emotional control when under duress. The mods of Superstonk have been incredible at guiding this community through these troubles, but they couldn’t have done it had the Apes not constantly gotten better and better. + +**This is exactly what was needed to face the MOAFUD, which I believe has now been revealed.** + +As I watched Apes swat aside threat after threat this past weekend, I knew the Apes had become the formidable diamond-handed badasses necessary to deal with any threat. Still, I knew the MOAFUD loomed and still hadn’t seen anything that pointed to it. Not until Glacier Capital. + +It wasn’t long before I was convinced this was FUD, but I didn’t know its magnitude until [this crowdsourced DD came out theorizing that Glacier was one of many shell companies where Kenny had been hiding his shorts](https://www.reddit.com/r/Superstonk/comments/nf8nsd/theory_glacier_and_other_new_hfs_are_just_shells/). (I prefer the term shill companies to shell companies. Some of them are real and subservient to Kenny.) + +**That’s when it hit me: the emergence of Glacier means that the MOASS is imminent.** + +Why? Because Glacier is just the tip of the iceberg. Haha Kenny, it’s neither funny nor clever. But it reveals everything. + +# The Games and the Names + +Like I said, it wasn’t until I saw Glacier that I realized Kenny’s obsession with names might be the key to revealing his endgame plans. Before I get to the crazy part, here’s the tl;dr: + +&#x200B; + +1. Kenny has been hiding the true SI% since January by using worthless puts to reset FTDs +2. He has been using dark pools to funnel the scheme privately to his "fortresses" +3. These shell companies will now act as a firewall to protect Citadel once the MOASS begins +4. One by one they will be margin called, each time forming a plateau during the rise +5. These plateaus will involve sideways trading for potentially days at a time +6. During each plateau there will be a 24/7 multiplatform shill attack trying to get Apes to paperhand +7. This is what 💎🙌 has been training Apes for. **It wasn’t for the wait, it was for the climb** + +&#x200B; + +Here are three names I will focus on: + +Citadel + +Glacier + +Sessa + +There is a bonus fourth hidden in the text, and even more in edits at the bottom thanks to commenters who are making some amazing connections. + +First, let’s look at Citadel. + +Kenny is a medieval war history nerd. I don’t know it, I just feel it in my bones. His last name is Griffin, a medieval animal that appears on shield and flag heraldry. He likes to tell “war stories” about how he will fight to the last penny. He named his companies Citadel. All of them. + +American Heritage Dictionary defines a citadel as, + +>"A fortress or castle in or near a city, intended to keep the inhabitants in subjection, or, in case of a siege, to form a final refuge and point of defense." + +I think Ken called his company Citadel because it is a place of rulership, a place of refuge, and because he envisioned building it at the center of a network of fortifications that would extend his reach in times of prosperity and fall on their swords to protect him during times of war. + +[Maybe this DD is a partial list of the fortresses](https://www.reddit.com/r/Superstonk/comments/nf6i4o/the_chicago_code_how_a_whole_city_wants_to/). (I’ve only skimmed it.) + +I believe we’ve seen the first two fortresses leak in the last couple of days: Glacier Capital and [Sessa Capital](https://whalewisdom.com/filer/sessa-capital-im-lp). I know Glacier’s been the big talk, but u/hc000 alerted us to this as well: + +[Uhhh why dudes?](https://preview.redd.it/nmpzy1zss1071.jpg?width=1031&format=pjpg&auto=webp&s=3848f368f670229e57c352283e2cc5dff91287d0) + +Remember how Kenny named his children things that couldn’t be made fun of via any combination of letters or sounds? Well, “sessa” is literally a word that doesn’t exist. Look it up and the best you’ll find is that it’s an exclamation found only in Shakespeare. But that’s not the only thing interesting about sessa. The argument over what it means also fits into this theory. + +Remember that each of Kenny’s fortresses is meant to attack when strong and defend when under siege? Well, the most common understanding of sessa is that it means something like [“peace, be quiet” or “leave, have done, or let alone.”](http://www.perseus.tufts.edu/hopper/text?doc=Perseus:text:1999.03.0067:entry=sessa&highlight=sessa) + +But Dyce’s General Glossary to Shakespeare’s works (1904) has another interpretation, an opposite one, a martial one. In Dyce’s words, + +>“I must confess that I do not feel satisfied with these notes on sessa: if the word, as used in at least the second and third of the passages above referred to, may be illustrated by the following lines of Sylvester's *Du Bartas*, ed. 1641? Joshua urges on his troops: +> +>“Sa, sa, my Hearts! turn, turn again upon them, +> +>They are your own; now charge, and cheerly on them.” +> +>*The Captaines*, p. 182; where the original has “Cà, cà, tournons visage, allons!” + +Kenny is smart, educated, and from a wealthy family. He learned Shakespeare, and may have even mastered it as a superficial sign of erudition. It could also lead him to being fond of medieval history, as I have suspected, and particularly stories of kings and armies. If he had mastered Shakespeare, maybe he had stumbled upon *Du Bartas* through Dyce and found the dichotomy perfect for one of his fortresses. + +**You know what else is a medieval story? Robinhood.** You know what else would be a "joke" hiding in plain sight? Calling something Robinhood that actually steals from the poor and gives to the rich. Just sayin’. + +Anyway, last thing about sessa. It appears only three times in Shakespeare, once in *Taming of the Shrew* and twice in *King Lear*. King Lear, like Kenny, had three daughters. Is the “shrew” his ex-wife? **Is Kenny sacrificing Sessa first as a fuck you to his ex-wife and their three children?** + +Hey, it’s my theory, so I’m gonna say YES. + +You know Kenny loves sessa. He probably imagines himself with a whip and a sword, telling paperhanded retail to sell faster, screaming “SESSAAAAAAA!” like a medieval *captaine* atop the ramparts of his Citadel. + +And just to bring this full circle, I think Kenny picked Glacier to go first because of the tip of the iceberg joke. Just look into his eyes and tell me that’s not his version of a serial killer leaving clues for the police. + +[Dem eyes doe](https://preview.redd.it/71booio6t1071.jpg?width=242&format=pjpg&auto=webp&s=f74161729ce70afd6ac35f7993943490bc2b1175) + +# Kenny's MOASS Strategy and the Mother of All FUD Revealed + +Let me just repeat what I said earlier. I believe the revelation of Glacier and Sessa means the beginning of the MOASS is imminent. I want to also repeat that I am not a technical or financial analyst and have no experience in markets whatsoever before January. This is just my theory of how the MOASS will play out, based on the analysis above and my own synthesis of everything I’ve read here during that time. + +**If what I say next is in any way FUDDY please let me know and I will clarify and/or retract it immediately!** I’ve avoided technical speculation in all my DDs because I know how much I don’t know, but this is my operating theory of how the MOASS will play out when it comes. I’m happy to adjust it if something is just dead wrong. This is just what I think Kenny's strategy is, I have no clue how it's going to actually play out. + +Ok. + +It’s long been suggested that the MOASS could take days or weeks to reach its peak, but that it wouldn’t look like a straight peak as in past squeezes. Rather, it could look like a series of sharp increases that represent margin calls, followed by a plateau as Apes still aren’t selling but the buying pressure of the margin calls dissipates. + +Houston Wade [laid this theory out](https://www.reddit.com/r/Superstonk/comments/n5b75j/houston_wade_says_the_hedge_funds_want_the/), that the hedgies would try to drag things out at a consistent lower price rather than let it all happen at once leading to a massive peak. I think that is accurately predicting Kenny’s strategy, but that it’s impossible because Apes own the float and the SI% is so, so, so high. He also says the DTCC might try to settle the outstanding shares once all the hedgies are gone. I have a third DD in the works that takes this premise and runs with it. + +But, if the theory that Kenny has been spreading out the shorts is true, then I think one reason he’s doing it is to mitigate the damage any one margin call might do. I believe he knows what we know, though: **the only way Apes can lose is if they paperhand,** because we own the float so many times over that any reasonable margin call will almost certainly lead to a domino effect all the way back home. + +Well, what if Kenny has hidden the short interest in so many small firms that it’s no longer a huge weight around his neck, but “[thin, sort of stretched, like butter scraped over too much bread.](https://www.youtube.com/watch?v=fksu6FENojY)” The plan would be to trigger a margin call so small that the price of Gamestop jumped significantly but didn’t cause a domino effect. These firms can be small enough to avoid reporting requirements, or [in a favorable foreign territory such as Luxembourg](https://www.reddit.com/r/Superstonk/comments/nfcnp1/luxembourg_home_to_the_mysterious_glacier_capital/) where even more shenanigans might be available. + +Kenny knows that Apes are diamond-handed, so as the buy pressure dissipates the stock’s action will resume its “normal” sideways trading pattern for a while. Could be hours, could be days until the next margin call, but a plateau that can be exploited nonetheless. + +I know Apes hate thinking about any kind of squeeze control, but I think it's wise to prepare for the worst, *particularly because we have nothing to lose by it*. We control everything, the only decision Apes have is sell or no sell. Thus, I believe that is what Kenny will attack with all his might. + +&#x200B; + +[We ready](https://preview.redd.it/mmfmo9dcv1071.jpg?width=1238&format=pjpg&auto=webp&s=b19709a92517fda8c6cb0fe66ecc54d832dc672d) + +**The Mother of All FUD is the all-out, 24/7, multi-platform blitz of** ***every shill at Kenny’s disposal*** **during the MOASS.** + +Warning: The next section imagines some scary scenarios. It's not meant to scare, it's meant to help us prepare. + +YouTubers, internet trolls, the mods of popular subs (not just GME subs), old media, new media, everything is going to be yelling at you to sell. They will call you stupid, lazy, young, a mob, terrorists…whatever they can to get you to sell. + +They will try to get you to think about your broker balance. They will post gain porn and loss porn so manipulative you won’t believe it. + +I’m sorry to all of the genuine folks who post stories about “Why I hold” on here, but there will be amazing stories of what people have been able to do with their gains in the tens or hundreds of thousands. They will get sick children out of the hospital. They will post videos of their lambos. They will pay off their parents' debt for the first time in their lives. They will make you think about your own balance, and what you could do with it as it looks now. They are going to try to get at you however they can. + +The Mother of All FUD is everything we have seen to date, and things we can’t imagine. Diamond hands are going to have to trust themselves, and everything they have built here over the past few months. Trust your knowledge, trust your exit strategy. Print everything, because reddit may go down. + +[If you don’t yet have one, I made a list of important MOASS and Exit Strategy DDs here.](https://www.reddit.com/r/DDintoGME/comments/n69qhp/compilation_of_moass_and_exit_strategy_dds_and/) + +And when we tune it out long enough, the next domino will fall. Kenny will once again try to set a plateau and hammer Apes to paperhand yet again. You thought it was hard to hold through a few hundred thousand in your account? What if your account shows $7 million and every news channel in the country plays a variation of this story, + +&#x200B; + +>“Citadel LLC has finally called it quits, ready to pay reddit army to save the U.S. economy. Founder Ken Griffin pleads with shareholders to save America from another financial crisis, speaking from an emergency meeting with President Biden and his top economic advisors.” + +&#x200B; + +Like any good villain, Kenny knows how to attack you by threatening those close to you. You start getting calls from your family. Your grandmother read in AARP magazine that GME is threatening her Medicare. Your coworkers think you’re putting their jobs in danger. + +Your partner’s father calls and says he’s worried you are going to bankrupt his retirement account. He’s heard that suicides are becoming common on Wall Street because you are holding GME and won’t let go. He asks your partner if the two of you have joined a cult. Their relationship is straining. + +You’re looking at $7 million if you sell now. Life can go back to normal. Can you hold? + +This shit is coming, Apes. This is the Mother of All FUD. + +**But it doesn’t matter, because Kenny’s weird obsession with names has given it all away.** + +# The Good News + +We did it. I believe it. The MOASS is imminent, and we are the catalyst. I know we all want an external one, but let’s just take pride that our 💎🙌 and amazing community have fought so hard and so long for this moment to come. Let's take pride that we don’t need a catalyst, because the power is all in our hands. We need only the courage to hold it and to wield it. + +After everything, it comes down to the mantra. + +**Buy. Hodl. Vote. The shorts must cover.** + +The longer we hold, the farther we will go, and we will have to go FAR if we want to touch Citadel. I know many of you want to go even farther than that, and to you I say GO FOR IT. We all came here for our own reasons, and we all HODL for our own reasons. Each of us is going to take this as far as we want it to go. + +Nothing about this has been easy, just like Mark Cuban said. But the amount of change we have the ability to bring to the world is staggering. + +The amount of growth we as a community have fostered in one another is equally staggering. + +We are on the verge of the greatest economic event in history, the MOASS, the age of the Apes, where wealth and political power will be bent toward the good of humanity and away from the vanity and greed of psychopaths. And who did this? + +You did. And you. + +You beautiful x holder and you xxxx baby whale. + +You reformed day trader, and you soon-to-be-retired daycare worker. + +You crayon-eating monke, and you intelligent-but-perpetually-annoyed explainer. + +You poet. You meme-maker. + +You know-it-all. You dream-maker. + +You shill-hunter, You upvoter + +You DD authors, wrinkly as they come + +And you mods, oh you mods, my Queen and her court + +All of our hearts will beat for yours forever. + +💓💓💓 + +This is it. The MOASS is coming. I do not know when, I am not implying when. + +I am saying that we will now know it when it comes, and as I have watched you for the past month, I know that you are ready to see it through to change history. + +I’m proud to be an Ape. See you on the other side of space and time. 💎🙌💎💓🦍🚀🚀🌜 + +Blanderson Snooper + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +P.S. Say something cool below and [you might make it into the FAQ](https://www.reddit.com/user/Blanderson_Snooper/comments/myi3zb/the_gme_wargame_dd_faq/)! + +P.P.S. Try out this awesome [MOAFUD Simulator](https://www.reddit.com/r/Superstonk/comments/nh1129/the_moadfud_simulator_ultimate_diamond_hand/) designed by [u/ljtmudokon](https://www.reddit.com/user/ljtmudokon/). Let him know how you did and show him some love! + +**EDIT 1:** u/FutureR1chApe adds: + +>"I'll also add something on this potential obsession with names: One of the way HF tried to get us to paperhand was by using a company named Rocket. And now, we are certain that it was a distraction because no one talks about it anymore, while there's been a lot of MSM articles about GME and other meme stocks." + +John Oliver: "OF COURSE he did." --BS + +**EDIT 2:** tl;dr courtesy of u/Georgesoliman + +>"This is serious boys. We have seen just how loyal the media has been with these funds both in January and over the past few months. If citadel and Kenny play this smart, they’re going to drag it out as long as possible, while using every psychological play in the book. It will be the true test of our diamond hands. We have seen dips, but what will all time highs with media vilification do? Will you give in to a friend of a friend or a family member telling you to paper hand out of fear for their livelihood? It’s going to be long and excruciating. +> +>But I believe in the apes. We have seen the DD. We have seen the psychological strategies. We have seen the reasons why we hold. We have learned just how corrupt the system is. We have gone as far as to recreate entire communities from the ground up several times. We’re ready. I truly believe in us. I believe that when we see the FUD we will remember every post, every fellow ape who has invested with us, and fall even more into the mindset of our namesake: Ape holds until we see the moon. Cheers my guys. Buy. Hodl. Vote. 🦍🦍🦍🚀🚀🚀" + +**EDIT 3:** u/Site_rules drops a bomb. + +>"The name Cordele means "Warm-hearted." and is of "Latin" origin. The Cordele name has a total "7" characters and it starts from the character "C". It's an attractive name, easy to pronounce and is primarily considered for the baby girl names." +> +>Maybe having a girl's middle name is at the root of Kenny's obsession with names, "trying to ensure that any name or combination of letters wouldn't doom his three children to ridicule." +> +>Is Kenny G our modern-day "Boy named Sue?" + +BS - Cordelia is the name of one of King Lear's three daughters. She is the one who tells him she can only love him out of family loyalty, causing him to banish her. Remember how his ex said that Kenny showed "no interest in the children after they were born?" 👀👀 + +**EDIT 4:** u/pino_brown bringing the heat + +>I think Palafox Trading LLC, the repo market arm of Citadel is also part of the name game. +> +>Per Google: “The noble Spanish surname Palafox is of toponymic origin, derived from a place name where the original bearer resided or held land. The surname appears to derive from the Latin term “palatiolos,” which means “small palaces.” +> +>It’s also the name of two Spanish generals, Jose de Palafox y Melzi, 1st Duke of Zaragoza and his brother Luis Rebolledo. + +BS - General Jose de Palafox was 1st Duke of Zaragoza, which is in the autonomous community of Aragon. From 2003 to 2009, "[Griffin was the lead investor in Aragon Global Management](https://en.wikipedia.org/wiki/Kenneth_C._Griffin)." WTF is happening? + +**EDIT 5:** u/boomverz getting Biblical. + +>Fascinatingly Archegos is also a biblical term meaning a sacrifice, one who goes first + +u/Muertomus adds + +>Archegos also is derived from Greek which means "One who leads the way" "The First to Go" First Hedge Fund to collapse, an omen to say the least. + +BS: A different modern translation comes out as "captain," which we already know Kenny likes. + +**EDIT 6:** u/MontyRohde confirms that the wealthy use meme names to flex their crime. + +>Enron hid loses from Joint Energy Development Investment Limited (JEDI limited) in a limited partnership called ChewCo. +> +>The elites also meme. Instead of images slathered with impact font, they give their shell companies silly names. Same frivolity but on a much grander scale with far grander stakes. + +BS - From the Wikipedia entry: "Chewco Investments L. P. was a limited partnership associated with the Enron scandal, which resulted in the bankruptcy of Enron. It was named after the Star Wars character Chewbacca, because it was created to hide losses from the Joint Energy Development Investment Limited, known by its acronym "JEDI". Like Chewbacca, the Jedi Knights were prominent characters in Star Wars." + +So, one of the scams that Kenny has based his on is confirmed to have used meme names for its shell company. 👀👀 + +u/GrubWurm89xx points out more evidence this is a game the wealthy play. + +>Don't know if it's been posted but Enron had another joke name on there books. Mr. M. Yass, which probably stood for My Ass. Money was disappearing off the books and being paid to this person + +**EDIT 7:** u/ProgressiveOverlorde bringing some fun. + +>I think u may be right about his medieval naming obsession thing. Motley Fool is like his Court Jester + +**EDIT 8:** Just heard about Ashler Capital from [this thread unraveling all of Citadel's umbrella companies](https://www.reddit.com/r/Superstonk/comments/nghov2/the_final_nail_for_citadel_and_youre_holding_the/). According to the Free Dictionary an ashler is, + +>a rectangular block of hewn stone used for building purposes building block - a block of material used in construction work stone - building material consisting of a piece of rock hewn in a definite shape for a special purpose; "he wanted a special stone to mark the site" + +Ashlers would be used to build citadels and fortresses, and may denote something special where they are used. What's so special about Ashler Capital, formed in 2019 and doubled in size since, according to their LinkedIn profile? + +**EDIT 9:** u/catsinbranches with the French lesson. + +>An alternative to your interpretation of “Sessa” is the French “cesse ça” which means “stop it”. Remember that his wife is French, and he has 3 young children. I’m willing to bet that gets said A LOT. If you say “cesse ça” quickly, it sounds exactly like “Sessa”. Maybe he’s hoping Sessa Capital can somehow put a stop to things? + +&#x200B; +Your job as a trader is to wait for trading setups that meet the criteria of your trading plan. + +Big money is made by sitting on your quality positions not forcing trades out of impatience. + +Spend your time formulating a legit trading plan instead. + +Plan your trades. Trade your plan. + +- Anderson (TC28) +I was wondering if we could talk about this post here. I’m a boring VEQT investor for the most part, but I happened upon this post and it seems pretty insane. Am I tripping out or should we all be concerned? + +Happy to hear any analysis and/or discussion that could help me out. I have most of my life savings in the stock market and I’m a little worried about where it will go. Thanks in advance. + + +https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I'm not saying the hype days and tweet deciphering are purposeful FUD, but they may be having a negative impact. If we keep waiting and making excuses, we may be stuck in neutral for a lot longer than we want. I believe in GameStop. I believe in RC. And I believe in the DD. However, waiting for some black swan or surprise announcement to trigger Moass may be against our best interests. We have the power in our hands. Power to the players, right? I say we all play and play to win, by DRS-ing. Pull the trigger. Take the leap. If you have any way to, please DRS. + +Every minute we sit around and wait is more time and leverage we gift to hedgies. + +🟣🟣🟣 "Cone! Poo! Chair!" 🟣🟣🟣 + +NFA +https://www.marketwatch.com/articles/dow-crosses-30000-as-stocks-stage-a-v-shaped-rebound-51605548142?mod=mw_latestnews + +I didn't think we'd be here so fast after March. Which was the only time id ever really had any of my risk tolerance tested (my delta stock :s ). + +can't believe it hit here before the end of 2020 + +edit at 4:01PM EST: Dow finishes above 30,000 mark too at market close. +Xxxnifty - N$FW token + +Check out the official TG, to see where all the fuzz is about + +1️⃣ Amouranth her OnlyPunk sold for $125.000 !! Let that sink in + +2️⃣ Launch of Alpha release of Pleasurely, xxxNifty's Adult Social Platform. (OnlyFans Social Like Platform, but way Better) + +3️⃣ They added different new teammembers to the core team With lots of experience and all doxxed +Total of 29 teammembers now , 29!! + +4️⃣ They announced a partnership with OnlyPunks , an algoritmic art project, crypto punks, but then adult +And this one is trending on opensea + +5️⃣ Team announced 2 Top 10 Exchanges on the way!! + +6️⃣NOfacegirl (NFgirl) top 19 on Pornhub , is branding all her new videos on PH with $N$FW and XXXnifty + +7️⃣ Stormy Daniëls joined as a Brand Ambassador , next to Nofacegirl and Amouranth and 6 others + +8️⃣ Stormy Daniëls is going to auction herself as NFT in the dress she wore when she dated him + the dress itself is an Unlockable by the NFT!!! + +✔️ Largest NFT marketplace in their space + +✔️700 Adult NFTs on their Marketplace + +✔️100+ creators on the platform to date (no matter of gender anymore!) Adding more daily + +✔️500+ NFT sales. Over 400 1of1's + +✔️ They launched the NFT marketplace i April 2021 and the token in may 2021 +So the project is really moving forward and the devs are working. Full time on this project + +✔️8 partnerships w/Agencies + +✔️8 Brand Ambassadors, with Amouranth and NOFACEGIRL and StormyDaniels +They have a huge social media followings , combined over 20 Million following + +✔️Deflationary Tokenomics benefit holders + +✔️Daily NFT sales + +✔️$25 million MC, 2 working platforms utilizing the utility of their native [NSFW] token + +1 : XXXnifty - NFT marketplace +2: Pleasurely- Social platform + +✔️XXXNIFTY is a registered business, meaning devs and team are all doxxed +✔️TechRate Audit approved +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +The first and only rule of persuading people to invest in cryptocurrencies is **don’t**. + +We all want this community and the market to grow. I also understand that you want your friends and family to catch this *golden opportunity*. But persuading them to put their money in something they’re uncommitted to, **leads to FUD and paper hands**. + +Understand that telling them, “I earned X amount in X days” translates to “\[you could’ve\] earned X amount in X days \[but didn’t\].” In their minds. **You’re leveraging their fear of missing out**. Trust me, I would’ve loved to take the leap of faith back in 2016 when I found out about crypto. I didn’t and I’m okay with that because, this year, I took the opportunity. Today, I live with missing out on those gains because it was the logical decision for me *then*. So let them decide what’s logical to them *now***.** + +If you’re itching to share, then talk about it like a passion or hobby. Share the fundamentals: what it’s trying to solve; how it made an impact; what you’ve learned: what you’re excited about, share the good and the bad. Most of all, share with **zero expectations** that they��ll invest or even care. + +If you really believe in the value of cryptocurrency—the gains, opportunities, tech, and values—then let it speak for itself. It doesn’t need evangelists, it isn’t a religion; it’s a show, so grab your popcorn and sit the hell down! +Ken Griffin's most salient moves in the last year have revealed his achilles heel. + +Citadel broke a year-long twitter black out to declare that the claims about Griffin were lies. Griffin gave a bizarrely timed interview about crime to change google search results associating his name with crime. He sued to try to ground the plane with the #KenGriffinLied banner. He had google and twitter scrub their search results to remove #KenGriffinLied. He comes out to talk about being the center of a "conspiracy theory" as a "bad comedy joke." Now he is buying an original print of the constitution to once again manipulate search results associated with his name. + +Ken Griffin and Citadel are a brand. And they rely *heavily* on that brand power to maintain the corrupt system they thrive in. + +First, they require their mega-wealthy investors to pay them 0 fucking attention. They want the ultra-rich focused on their 'Eyes Wide Shut' parties, with no reason to even think about what's going on with their money. If they're sipping cocktails on the beach and a plane flies by saying #KenGriffinLied, that's not great for the brand. + +Second, they rely on the tacit help and support of legislators and power brokers to protect the framework of this system. Kenny has powerful friends. And those friends are willing to help support him, so long as there is little threat this doesn't get any bigger or draw any attention to them. But if Kenny gets too big to ignore, he's going to become too hot to touch; the winds in Washington can change very quickly. + +Kenny has shown us that he can control and mitigate the price to a large degree with his various levers. But he has very little control over what people say about him, and zero clout in the court of public opinion. + +In my opinion, this sub needs to find ways to establish another leg of our strategy here. 1) Buy and Hold. 2) DRS shares. 3) ~~Destroy~~ Expose this brand's association with criminal activity. + +Billboards, articles, hashtags, commercials, publicity stunts, civil dissent. + +Ken Griffin lied under oath, he is a criminal, and his business practices are harmful American businesses. His entire existence relies on sweeping all that under the rug. + +It's time *we* pull the rug *on him* and show everyone what's underneath it. + +edit: Colluding to manipulate the price of a security is illegal. We're not a buying group. But organizing to expose criminal activity and draw attention to corruption is not illegal in any way. +BABA has been trading around a 20 EV/EBITDA multiple.This is a company that has huge growth and very little debt.Yesterday Alibaba was fined 2.8 billion for monopolistic behavior.The bad sentiment around the fact that it’s a Chinese company has made it very undervalued.IMO this is where value investing and growth investing meet. +> The Enforcement Directorate (ED) has issued a show cause notice of about ₹10,600 crore to e-commerce major Flipkart and its promoters for alleged violation of the foreign exchange law, official sources said on Thursday. + +> They said the notice under various sections of the Foreign Exchange Management Act (FEMA) was issued to 10 people last month that includes Flipkart, its founders Sachin Bansal and Binny Bansal, among others. + + +https://www.thehindu.com/business/ed-slaps-10600-cr-fema-contravention-notice-against-flipkart/article35738548.ece?homepage=true +I developed a couple of spreadsheets that can help you plan your budget. The first is a planning document that helps you set a monthly budget -it's available either as a download that works with excel or google sheets or, if you prefer, I've embedded into a [webpage](https://thebusinesscougar.com/online-budget-planning-tool/). Information on how to use this in [this article](https://thebusinesscougar.com/free-downloadable-budget-planning-tool/) on my website. + +The second is a detailed cashflow tool which can help you track where you're spending all your money or help you forecast when your bills are due. It's a little more complicated than the first tool so there is also a corresponding [article](https://thebusinesscougar.com/free-downloadable-personal-cashflow-tool/) on how to use that on my website as well. This also can be used with excel or google sheets. +Will it encourage more competition or will it be detrimental to growth? Is it a meaningless idea or could it actually have a positive effect on the economy? + +Also, if large tech companies actually do squash the potential for smaller companies to grow, how is it that Instagram made it so big despite the existence of Facebook? Is the fact that they bought Instagram a proof of their dominance? +Obviously this is a cross-disciplinary question, but I can’t help but look at the staggering amount of resources spent in Afghanistan over the past two decades (money, lives, manpower, time, political capital, etc) and think about the economic implications. From the dizzying array of competitive/cooperative interactions in play to the purported natural resources discovered after the the US invasion, I am very curious about what a (normative) economist would say went wrong and how it might have been handled differently. Who is talking about this issue through an economic lens? +Accounts = 80,000 +Avg Shares = 174 + +13,920,000 Shares in CS + +Free Float = 36M +Total Shares Issued = 72M + +Approx 39% of Free Float is locked. +Approx 19% of total shares are locked. +We know Ryans shares are locked. + +The liquidity is what Kenny uses to kick the can, this is the only way Citidal knows. But when apes buy and DRS, ensureing those shares are not being traded everyday... Well shit is starting to get extremely real over at Citidal HQ. +Illiquidity is the catalyst, DRS is the way. +Hello, + +I am starting trading crypto for personal purpose (not main job). I would like to avoid gambling like I see many beginners do. What are the main amd common instruments that every trader should start with? I am starting to learn how to interprete a candle chart and EMA 50. Am I heading in the right direction? +I have been paper trading recently with a large account and haven’t been red once because I’ve been working on my strategy with a bunch of people and it is looking pretty good. + +I’m just wondering how I translate it to my small account so I’m not making a few cents per trade. I want to trade on a $5,000 account with 5% of my account in a trade at a time. +Greg Jericho has some great economic analysis, and in his latest article he does a summary chart of the FY2019 taxable income data: + +https://www.theguardian.com/business/grogonomics/2021/jun/10/you-cant-hide-from-the-numbers-australian-women-earn-less-than-men-in-any-job + +The income percentiles are as follows: + +- 16% of men earned less than full-time min wage ($37,000) - suggesting they are part-time workers or pensioners +- 25% of women earned less than full-time min wage + +- 50th percentile for women: $52,000 +- 50th percentile for all persons: $59,500 +- 50th percentile for men: $67,300 + +- 67% of men earned less than $87,600 (average full-time earnings) +- 82% of women earned less than this figure + +- 90th percentile for men is approx $145,000 +- 90th percentile for women is approx $107,000 + +- 95th percentile for men is approx $180,000 +- 95th percentile for women is approx $139,000 + +Hope this gives clarity to anyone interested in what Australians actually earn. + +Note this is data for all taxpayers - not just full-time (or even part-time workers). It includes pension recipients. + +Note this is taxable income, not gross income. +list of his opinions + +\-sweatshops vs poverty is a false dilemma and South Korea, Taiwan, Singapore, HK and Japan disprove that sweatshops are necessary + +\- diamond et al study on rent control disproves the majority of economist's opinion on rent control + +\- Reagan's and Thatcher's economic policies have been a catastrophe for the western world + +\- free trade is highly harmful to poor countries, see child laborers in the congo + +\- even if the above are false, it is morally unethical to deny welfare to poor people and thus we should do it anyways + +\-the IMF and World Bank are highly undemocratic and focus on US business interests due to the US's veto on the bank + +\- Unlearning economics and Ha Joon Chang are accurate economic sources + +\- economics has a racism problem and Milton's Friedman support of colonialism (leopold's congo and the British raj) should have gotten him immediately discredited + +\- economists are highly neoliberal and are biased thus so +Looks like Deloitte will be appointed as administrators. + +Fark. + +https://www.theguardian.com/world/live/2020/apr/20/australia-coronavirus-live-news-nsw-victoria-qld-contact-tracing-app-schools-exit-strategy-latest-updates + +Edit: Its happened. https://10daily.com.au/news/australia/a200420dmspo/virgin-australia-collapses-into-voluntary-administration-20200420 +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 +I'll keep this short and to the point, because I think this needs to be seen by more adults with wrinkly brains. + +For anyone who missed my previous post about the [Missing Puts from 1/27, here's a link](https://www.reddit.com/r/Superstonk/comments/q0vggs/the_more_you_learn_about_january_27th_the_more/)! + +Today's battle appeared to be for the $180 strike price. Max pain again. As of this afternoon, the open interest for Puts expected to expire out of the money was 66,139. By close, the open interest for puts $182.50 and under was 59,763. A decent kick in the dick. + +But if we dig a little deeper into the data, we can see some stunning revelations about what today might truly represent... + +I'm just going to present some Yahoo Finance data for today's deep out-of-the-money Puts. + +&#x200B; + +# $1.00 Strike + +[18,460 Puts purchased on 3\/10](https://preview.redd.it/knhpg93psnt71.png?width=1241&format=png&auto=webp&s=a0d4888ab2ab0cbbd86bf0bee66162d6955a44c5) + +Remember the fuckery that took place on 3/10? GME went from $348 to $172 in a matter of minutes. Articles were published predicting the "flash crash" before it even happened. Multiple trading halts in order to place these options orders. True fuckery... **18,460 $1.00 puts** for **10/15** were purchased during all that bullshit. Yet, the open interest about to expire is listed at only 5,450. + +Where did all these missing puts go? + +[Link to $1.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00001000/chart?p=GME211015P00001000#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--) + +Using u/Yelyah2's awesome options data, we can see the volume for 3/10 was 388,797 Puts, including 350,579 out-of-the-money. + +https://preview.redd.it/ead0z2jyvot71.png?width=1579&format=png&auto=webp&s=a9988aa92e4890de086a1dd9df5b71caf49111f9 + +# $5.00 Strike + +[24,040 Puts purchased on 8\/19](https://preview.redd.it/t7m376hptnt71.png?width=1234&format=png&auto=webp&s=5c3a64545f54e16355b1df61ea8e1e554d1381e1) + +I think we actually saw this in real-time. This was just before the big jump on **8/24**, almost like they knew it was about to go up. Almost like they were trying to limit the amount of synthetic shares that they had to "purchase". **24,040 $5.00 Puts** for **10/15** were purchased on 8/19. Yet, the open interest for $5.00 puts about to expire is listed at **3,600**. + +Where did all these missing puts go? + +[Link to $5.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00005000/chart?p=GME211015P00005000#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--) + +&#x200B; + +# $6.00 Strike + +[94,640 puts purchased on 4\/5!](https://preview.redd.it/kp68kxn4unt71.png?width=1248&format=png&auto=webp&s=b35ef8d9d5383d87aa7403a13c67e4a49210656c) + +I don't think we caught this one in real-time. Why would they purchase 94,640 puts in one day? The open interest about to expire is listed at 4,070. + +[Link to $6.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00006000/chart?p=GME211015P00006000#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) + +Using u/Yelyah2's awesome options data, we can see the volume for 4/5 was 167,459 Puts, including 155,909 out-of-the-money. + +Where did all these missing puts go? + +https://preview.redd.it/zr8ijgvh3ot71.png?width=1579&format=png&auto=webp&s=b07e26a222566444427ee2669943ff33fb6f7a43 + +# $10.00 Strike + +[31,340 Puts purchased on 4\/27](https://preview.redd.it/yganiwj3vnt71.png?width=1252&format=png&auto=webp&s=d96ed5e8719785e5460ab688d48ce1add790ba66) + +The open interest about to expire is listed at 4,050. + +Where did all these missing puts go? + +[Link to $10.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00010000/chart?p=GME211015P00010000#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-) + +# $12.50 Strike + +This one requires a little extra emphasis... Remember the T+35 cycle that didn't happen on 6/24? We thought for sure we had figured it out. Remember how Yahoo Finance kept filtering options data at or before 6/23? I think I found out why. + +[469,240 Puts purchased on 6\/24!!!](https://preview.redd.it/m61aac1zxnt71.png?width=1257&format=png&auto=webp&s=5039efb4a22c54c1b7cdbe272af617653b00f499) + +469,240 is an insane number of puts, overshadowed only by those 17+ million purchased on 1/27. That's equivalent to 46,924,000 shares! Yet the open interest about to expire is listed at **1,950**. + +Where did all these missing puts go? + +[Link to $12.50 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00012500/chart?p=GME211015P00012500#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) + +# $15.00 Strike + +[103,010 Puts purchased on 6\/29!](https://preview.redd.it/tyl3umkxynt71.png?width=1249&format=png&auto=webp&s=269441a6915fb1b41bd2f023ca040a6641689da8) + +If it wasn't for the insane $12.50 Puts, this would be huge. The **103,010** puts is equivalent to 10,301,000 shares. Yet the open interest about to expire is listed at **1,370**. + +Where did all these missing puts go? + +[Link to $15.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00015000/chart?p=GME211015P00015000#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) + +# $17.50 Strike + +Hold onto your panties for this one... + +[853,140 Puts purchased on 6\/24!](https://preview.redd.it/ctnbruymznt71.png?width=1252&format=png&auto=webp&s=ace380891b506224429f8d6843d6257364250613) + +A new high score! The **853,140** puts purchased on 6/24 is equivalent to 85,314,000 shares! Yet, the open interest expiring today is listed at **1,170**... + +Where did all these missing puts go? + +[Link to $17.50 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00017500/chart?p=GME211015P00017500#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) + +# $20.00 Strike + +[Another 15,650 puts purchased on 6\/23](https://preview.redd.it/h5i3qkx51ot71.png?width=1247&format=png&auto=webp&s=6e0f864b4e673d935480b298171d4e369eb4b6fa) + +Yet, the open interest listed as expiring today is only 3,670. + +Where did all these missing puts go? + +[Link to $20.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00020000/chart?p=GME211015P00020000#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) + +&#x200B; + +# $22.50 Strike + +[Another 26,120 Puts purchased on 6\/24](https://preview.redd.it/uq8m6nlo1ot71.png?width=1244&format=png&auto=webp&s=aebe9ceb775f1ad2b868ec49e4bf0f0516378a11) + +Yet, the open interest listed as expiring today is only 321. + +Where did all these missing puts go? + +[Link to $22.50 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00022500/chart?p=GME211015P00022500#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) + +&#x200B; + +By now, you're probably tired or reading the same sentences over and over. I would be too... However, I would be short-changing you if I didn't finish out the options chain. + +I'll include a couple more for completion sake... + +# $25.00 Strike + +[Another 455,930 Puts purchased on 6\/23!](https://preview.redd.it/7qx3z1tb2ot71.png?width=1239&format=png&auto=webp&s=18770e81afabdca3b2af8aedc09af2fe3a733778) + +See... Aren't you glad we didn't skimp out? These 455,930 puts purchased on 6/23 are equivalent to 45,593,000 shares! Yet, the open interest listed as expiring today is 1,420. + +Where did all these missing puts go? + +[Link to $25.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00025000/chart?p=GME211015P00025000#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-) + +&#x200B; + +# $30.00 Strike + +[Another 24,830 Puts purchased on 6\/23!](https://preview.redd.it/vcdprw1k4ot71.png?width=1235&format=png&auto=webp&s=ff74b154336a99dc8736dc0068cb102bab740477) + +More 6/23 - 6/24 fuckery! Another 24,830 Puts purchased on 6/23. The open interest listed as expiring today is 2,810. + +Where did all these missing puts go? + +[Link to $30.00 Puts - Yahoo Finance](https://finance.yahoo.com/quote/GME211015P00030000/chart?p=GME211015P00030000#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) + +&#x200B; + +That's probably enough shitty Yahoo Finance images for one post. + +Let's do some math to estimate the possible damages incurred today by Kenny and Co. + +Adding up the Puts purchased on **6/23**, **6/24**, and **6/29** that expired deep out of the money today, **10/15**: + +&#x200B; + +[1,947,920 Puts were purchased 6\/23, 6\/24, and 6\/29 that expired deep out of the money on 10\/15!](https://preview.redd.it/vqm0il6mept71.png?width=936&format=png&auto=webp&s=89abcb603d938e0352ea24a25f9e514a9b43e20b) + +&#x200B; + +**One million, nine hundred forty seven thousand, nine hundred twenty puts** across 7 deep out of the money strike prices were purchased on just 3 days in late June to kick the can a little longer and prevent us from seeing their T+35 cycle... + +That's equivalent to over **194,792,000 shares**. Almost **4x** the Float. + +The Open Interest for these Puts is only 12,711. + +Where did all these missing puts go? + +&#x200B; + +As u/Criand posted on **7/19** [OTM Puts Passed the Puck](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/), we were all expecting big things on 6/24. + +&#x200B; + +[ June 24th was a tiny fart for the hype train, but maybe we weren't wrong all along](https://preview.redd.it/62vb1e37ept71.png?width=759&format=png&auto=webp&s=6a2aa0572f1b0e4f32fe284e232ffc4b49984751) + +&#x200B; + +What if that tiny fart was really: + +https://preview.redd.it/sh0m39o0iot71.png?width=586&format=png&auto=webp&s=ba56b2e0e5930c2456a604f2811c97d5a3e28d97 + +What does it mean that all of these deep out of the money Puts expired today? + +What happens T+35 (by **11/24**), when this synthetic short position comes due? + +What if we lock up the float via DRS before then? + +What if we get the announcement we've all been waiting for? + +I can't wait to find out... + +&#x200B; + +&#x200B; + +# TLDR: Buy, HODL, DRS, Buckle Up, and keep an eye on the options chain for further fuckery! + +&#x200B; + +Edit 1: If you like missing puts, [here's another link](https://www.reddit.com/r/Superstonk/comments/q0vggs/the_more_you_learn_about_january_27th_the_more/) to my post about 1/27. + +[https://www.reddit.com/r/Superstonk/comments/q0vggs/the\_more\_you\_learn\_about\_january\_27th\_the\_more/](https://www.reddit.com/r/Superstonk/comments/q0vggs/the_more_you_learn_about_january_27th_the_more/) +&#x200B; + +https://preview.redd.it/f8zrhpp3ojt61.jpg?width=700&format=pjpg&auto=webp&s=9061574a92a18f455965d0f88f7b6f49a983bc5e + +*This is the first 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/ra1xnnrmwjt61.jpg?width=846&format=pjpg&auto=webp&s=94d7a5cd79ee18935cc43a797fe0a06298650a34 + +Australian Gas Light company (AGL), is one of the oldest publicly listed companies in Australia. Founded in 1837, it’s going on its 184th year in business. It was the 2nd company to list on the Sydney Stock Exchange, only beat by Westpac. Today it is the largest integrated energy producer in Australia. AGL serves 4.2million customers around the country. Its primary business is as an electricity producer, but it has more recently branched out into telecommunications as well. + +# The Checklist + +* Net Profit: positive last 10 years. Good ✅ +* Outstanding Shares: largely stable L10Y. Good ✅ +* Revenue & Equity: general trend up L10Y (Profit cyclical). Good ✅ +* Insider Ownership: 5.8% w/ on market buying in last 12m (1 sell). Good ✅ +* Debt / Equity: 38.5% w/ Current Ratio of 1.3x. Good ✅ +* ROE: 9% Avg L10Y w/ 12.2% FY20. Good ✅ +* Dividend: 8.6% 10Y Avg Yield w/ 10.6% FY20. Good ✅ +* BPS 12.96 (0.7x P/B) w/ $3.54 NTA (2.6x P/NTA). Good ✅ +* 10Y Avg: SPS $16.98 (0.5x P/S), EPS 1.17 (7.8x P/E) Good ✅ +* Growth: +6.5% Avg Revenue Growth L10Y w/ -8.4% FY20. Neutral ⚪ + +**Fair Value: $24.71\*** + +**Target Buy: $17.39\*** + +*\*these will be heavily revised as we delve deeper.* + +The basic historical valuation metrics all look great. How could this be the dog stock that it is? Let’s try to find out. + +# The Knife + +https://preview.redd.it/cc45y7qlojt61.jpg?width=931&format=pjpg&auto=webp&s=783637a678cccc1e51f36a1957c31603233f8f90 + +In 2017, AGL reached its all-time high on April 28th, closing at $26.76. At the time, it was worth 17billion, part of the ASX50, and the 18th largest company in Australia by market cap. + +At the close of today at $9.19, holders of AGL would be down -65.6% since 2017. The last 12 months alone would have returned -46.6% in capital value. + +This is the lowest level the share price has been in nearly 20 years. You have to go back to about 2002 to find levels in the low $9 range. As far as it has fallen, it seems that it is verging on dipping even further too. + +Is it a good deal??? + +# The Diagnosis + +Despite posting some of its best profits ever in the last 3 years, AGL’s share price has been trending downward. In fact, FY20 profit was nearly double that of FY17, and yet it is trading at less than half the price. What’s going on here? + +The short answer is: Coal. + +The long answer is: It’s complicated. + +&#x200B; + +[AGL Assets](https://preview.redd.it/dhrrcs1pojt61.jpg?width=905&format=pjpg&auto=webp&s=4fe9e50e4e557dc302403aae7f3f4d545ec2713a) + +While AGL has diversified quite a bit into different sources of green energy, coal still represents about 85%+ of AGL’s total energy output. This is typical of most of the market actually as you can see below. + +&#x200B; + +[Total Capacity By Fuel Source by State](https://preview.redd.it/0er7lnc3pjt61.png?width=770&format=png&auto=webp&s=5190361c405b9f3716f64544eaf5028ffec054b2) + +AGL's heavy reliance on coal power carries with it a certain amount of political baggage that might make current investors want shy away. Investos might also be inclined to cut AGL from their holdings in order to meet ESG requirements for their funds. + +But even setting aside the environmental concerns, I think the problem goes a bit deeper. Coal power has historically been a reliable source of energy and revenue, so whatever the investor sentiment, the business could still be very profitable, right? This would attract those not bothered by the coal aspects of their business, right? + +The problem is, AGL’s share price isn’t trading on sentiment alone. Its outlook is bad in a very real way. They appear to be headed to post a massive loss for FY21. Some of this is purely statutory. AGL have written down almost 3 billion dollars recently. A large part of it was directed towards “onerous” loss making contracts lingering from deals they made in the wind industry 10 years ago. + +But the problem goes further than that. Their underlying profit for FY21 is projected to be down 30-40%. This is due to low average energy market pricing this last year. The energy market outlook seems to indicate it isn’t getting any better in FY22 or FY23 too. Part of this, I think is due to the way the NEM works, and how the increasing prevalence of green energy sources like solar have effected its market pricing system. + +&#x200B; + +[24hr Power Distribution by Fuel Type](https://preview.redd.it/e9tjrkrrojt61.jpg?width=975&format=pjpg&auto=webp&s=30bffbced64a7ec902c6fb6353a91f4aaad8833f) + +Looking at a typical day generation split under the NEM, you can see that during midday a significant portion of generation is being provided by solar and wind power. This has the effect of providing a huge glut of supply. This is problematic for power sources like coal, which are not simple to start and stop, nor are they easy to “dial down”. + +From my understanding, coal power is great for large scale base energy generation, but isn’t well suited to lower its output when supply from solar and wind are high. It's a bit of an "on or off" sort of generation mechanism. + +Added to that, the energy market needs a certain amount of base load power, or the minimum power generation to keep the lights throughout the day, regardless of whether the sun is shining or the wind is blowing. + +Base load requirements puts some minimum size constrains on the market’s more consistent power generating assets like coal and gas, but this also means that there is a lot of excess generation built into the system when solar and wind ramps up. This has a serious flow on effect on the spot prices of the NEM. + +&#x200B; + +[Instances of Energy Spot Prices above $5000\/kwh](https://preview.redd.it/2jht5urzojt61.png?width=1136&format=png&auto=webp&s=03fad4afa45e74fb22ce5092e7042dc66e84bd1b) + +In the last 10 years there has been a huge drop off in the peak spot pricing in the wholesale energy market. The chart above shows the instances of spot prices exceeding $5000/kwh. I'd say this is the cream that utility companies thrive on, a bit like the weekend for a retail business. But that is not the worst of it. During peak period of solar and wind, spot energy prices have a tendency to go negative. + +&#x200B; + +[Instances of Energy Spot Prices below $0\/kwh](https://preview.redd.it/xyutj17bpjt61.png?width=1079&format=png&auto=webp&s=73f41404565d4ca36be760b23193e2335ed84fda) + +As you can see, the instances of negative prices have dramatically ramped up in recent years. And the outlook is that this that is not a temporary thing. We’re likely to see more and more negative spot prices as more solar and wind is added to the power grid, assuming no changes to the current capacity of other assets like coal. + +&#x200B; + +[Average Energy Spot Price by State](https://preview.redd.it/ehekz4hhpjt61.png?width=1079&format=png&auto=webp&s=be478fb46311b306e22549ab78aab57bff31a19f) + +This is having the immediate effect of driving down average pricing overall, as you can see in the above graph which shows the averages by state. Needless to say, average market pricing falling rapidly has a very negative effect on the outlook of AGL and the industry is expecting these low levels to persist for the next 2+ years. + +Some broker estimates on AGL’s future profitability puts their EPS in the range of 40-50cents by FY23. This is a shocking decline from the 90-120cent EPS they have been generating since 2017. In fact, the EPS projections puts them under even the earnings they produced as far back as 2013 (51 cents), except with a lot more baggage now. + +Apart from that, coal power stations have a life span, so the clock is ticking on AGL's infrastructure. They own 3 of the major coal stations in Australia. One of those, Liddell, is coming to the end of its service life and is planned to be shut mid 2022. The costs of which have been included in some of the recent write downs, but it still weighs on the overall profitability of the business. And while its other two stations should have another 10-20 years ahead of them, they are at high risk of having the the rug pulled out from under them by energy policy changes in the government. + +**The Outlook** + +In the face of all of this, the management seems to not have a tangible plan on addressing the underlying issues. Indeed they would appear to be conflicted on the issue. Only a few years ago they sold off parts of their wind infrastructure, only now to backtrack with plans that would have otherwise greatly benefited from those assets. + +Furthermore, AGL are planning to payout 100% of profits towards dividends for the next 2 years, which to me means that there will be little money to invest in transforming the company for the future. Indeed, the shutdown of Liddell doesn't appear to have any viable capacity replacement strategy, meaning a large chunk of AGL’s generation capability, and therefore revenue potential, will be cut off with it's closure. + +As it is, AGL’s coal stations are quickly becoming stranded assets. Who would buy a coal power plant that either has only a couple of years left of operational life, or might be forcibly shutdown due to policies from the government? Herein lies the problem with coal in the energy market. With no future as part of the market, coal plants are less assets than they are depreciating liabilities. + +As the value of those assets decreases, the looming costs of shutting them down (to rehabilitate the surrounding environment) casts a longer shadow over the overall value of the business and implies a future of reduced revenues beyond. If an investor's time window is 5-10 years, then they must confront these issues. And while AGL is a diverse energy producer utilizing both new and old technology, it’s lagging in its new world investments and is dragging behind it the ever increasing and onerous weight of its old coal generation plants. + +Perhaps the problem with AGL is not something that can be rectified, which is probably why one of their most recent announcements has them planning to split the company between new and old. Essentially, it is cutting and running from the coal question entirely. But what are the green assets worth? That isn’t clear. The operating costs are obscure, and besides, they represent only a small fraction of the generation capacity that AGL boasts today. + +**The Verdict** + +The problem with AGL is very complicated when you combine the economics of the energy market with the politics of the environment. Coal power seems to be becoming an unprofitable business model, due to the larger and larger contributions of green energy sources and the way that the NEM market works. + +The market pricing situation may be fixed to some extent by the closure of some coal power stations, by reducing the excess supply. However, then the reliability of producing base load power becomes a serious issue. Energy producers are caught in a bit of a catch 22 situation right now. Reliable base load power is a necessity, but keeping coal power stations operational is fast becoming economically unviable. This leaves a business model that, if it continues to exist, may end up running at a loss more often than not. + +**The Target** + +It would seem AGL is not the great deal that it seems on it's face. It comes with a ton of baggage and long term risk. I think that the pure economic problems could maybe be overcome in time, and so bought at the right price it could be a deep value play. But that would require friendly political support, which is dubious. Without that, the baggage of the old-world coal market is dragging them slowly underwater. + +But if for the sake of it, if I run the numbers and use some of the FY2023 broker projections I can draw up some revised targets. Working off their assumptions that eventually revenue will be cut in half, EPS @ 45cents, DPS @ 40cents, and using current NTA of $3.50 for the book value, I can update to the following: + +**Projected Fair Value: $9.17** + +**Target Price: $5.65** + +Though, given the announcement that they are looking at doing a split, I would be much more inclined to wait until clearer figures are presented on each half of the business. At which point a better valuation can be made on the green assets, which seem to be the only ones with a long-term future at this point. The coal side of the business could be a surprise play if government were to reverse course on their energy policy. For that half, perhaps setting a target of the updated NTA minus a discount could be a strategy. + +It really is a shame to see a stock with such a long a rich history languishing like this and with no clear path forward. I would love to own a piece of history, but I’d personally rather not pay the premium in this case, which may end up being 100%. + +*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 AGL and whether there is potential here that I am not seeing. Also suggestions of other dogshit ASX 200 stocks that I can line up for a DD in future editions of this series are also welcome.* +&#x200B; + +https://preview.redd.it/f8zrhpp3ojt61.jpg?width=700&format=pjpg&auto=webp&s=9061574a92a18f455965d0f88f7b6f49a983bc5e + +*This is the first 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/ra1xnnrmwjt61.jpg?width=846&format=pjpg&auto=webp&s=94d7a5cd79ee18935cc43a797fe0a06298650a34 + +Australian Gas Light company (AGL), is one of the oldest publicly listed companies in Australia. Founded in 1837, it’s going on its 184th year in business. It was the 2nd company to list on the Sydney Stock Exchange, only beat by Westpac. Today it is the largest integrated energy producer in Australia. AGL serves 4.2million customers around the country. Its primary business is as an electricity producer, but it has more recently branched out into telecommunications as well. + +# The Checklist + +* Net Profit: positive last 10 years. Good ✅ +* Outstanding Shares: largely stable L10Y. Good ✅ +* Revenue & Equity: general trend up L10Y (Profit cyclical). Good ✅ +* Insider Ownership: 5.8% w/ on market buying in last 12m (1 sell). Good ✅ +* Debt / Equity: 38.5% w/ Current Ratio of 1.3x. Good ✅ +* ROE: 9% Avg L10Y w/ 12.2% FY20. Good ✅ +* Dividend: 8.6% 10Y Avg Yield w/ 10.6% FY20. Good ✅ +* BPS 12.96 (0.7x P/B) w/ $3.54 NTA (2.6x P/NTA). Good ✅ +* 10Y Avg: SPS $16.98 (0.5x P/S), EPS 1.17 (7.8x P/E) Good ✅ +* Growth: +6.5% Avg Revenue Growth L10Y w/ -8.4% FY20. Neutral ⚪ + +**Fair Value: $24.71\*** + +**Target Buy: $17.39\*** + +*\*these will be heavily revised as we delve deeper.* + +The basic historical valuation metrics all look great. How could this be the dog stock that it is? Let’s try to find out. + +# The Knife + +https://preview.redd.it/cc45y7qlojt61.jpg?width=931&format=pjpg&auto=webp&s=783637a678cccc1e51f36a1957c31603233f8f90 + +In 2017, AGL reached its all-time high on April 28th, closing at $26.76. At the time, it was worth 17billion, part of the ASX50, and the 18th largest company in Australia by market cap. + +At the close of today at $9.19, holders of AGL would be down -65.6% since 2017. The last 12 months alone would have returned -46.6% in capital value. + +This is the lowest level the share price has been in nearly 20 years. You have to go back to about 2002 to find levels in the low $9 range. As far as it has fallen, it seems that it is verging on dipping even further too. + +Is it a good deal??? + +# The Diagnosis + +Despite posting some of its best profits ever in the last 3 years, AGL’s share price has been trending downward. In fact, FY20 profit was nearly double that of FY17, and yet it is trading at less than half the price. What’s going on here? + +The short answer is: Coal. + +The long answer is: It’s complicated. + +&#x200B; + +[AGL Assets](https://preview.redd.it/dhrrcs1pojt61.jpg?width=905&format=pjpg&auto=webp&s=4fe9e50e4e557dc302403aae7f3f4d545ec2713a) + +While AGL has diversified quite a bit into different sources of green energy, coal still represents about 85%+ of AGL’s total energy output. This is typical of most of the market actually as you can see below. + +&#x200B; + +[Total Capacity By Fuel Source by State](https://preview.redd.it/0er7lnc3pjt61.png?width=770&format=png&auto=webp&s=5190361c405b9f3716f64544eaf5028ffec054b2) + +AGL's heavy reliance on coal power carries with it a certain amount of political baggage that might make current investors want shy away. Investos might also be inclined to cut AGL from their holdings in order to meet ESG requirements for their funds. + +But even setting aside the environmental concerns, I think the problem goes a bit deeper. Coal power has historically been a reliable source of energy and revenue, so whatever the investor sentiment, the business could still be very profitable, right? This would attract those not bothered by the coal aspects of their business, right? + +The problem is, AGL’s share price isn’t trading on sentiment alone. Its outlook is bad in a very real way. They appear to be headed to post a massive loss for FY21. Some of this is purely statutory. AGL have written down almost 3 billion dollars recently. A large part of it was directed towards “onerous” loss making contracts lingering from deals they made in the wind industry 10 years ago. + +But the problem goes further than that. Their underlying profit for FY21 is projected to be down 30-40%. This is due to low average energy market pricing this last year. The energy market outlook seems to indicate it isn’t getting any better in FY22 or FY23 too. Part of this, I think is due to the way the NEM works, and how the increasing prevalence of green energy sources like solar have effected its market pricing system. + +&#x200B; + +[24hr Power Distribution by Fuel Type](https://preview.redd.it/e9tjrkrrojt61.jpg?width=975&format=pjpg&auto=webp&s=30bffbced64a7ec902c6fb6353a91f4aaad8833f) + +Looking at a typical day generation split under the NEM, you can see that during midday a significant portion of generation is being provided by solar and wind power. This has the effect of providing a huge glut of supply. This is problematic for power sources like coal, which are not simple to start and stop, nor are they easy to “dial down”. + +From my understanding, coal power is great for large scale base energy generation, but isn’t well suited to lower its output when supply from solar and wind are high. It's a bit of an "on or off" sort of generation mechanism. + +Added to that, the energy market needs a certain amount of base load power, or the minimum power generation to keep the lights throughout the day, regardless of whether the sun is shining or the wind is blowing. + +Base load requirements puts some minimum size constrains on the market’s more consistent power generating assets like coal and gas, but this also means that there is a lot of excess generation built into the system when solar and wind ramps up. This has a serious flow on effect on the spot prices of the NEM. + +&#x200B; + +[Instances of Energy Spot Prices above $5000\/kwh](https://preview.redd.it/2jht5urzojt61.png?width=1136&format=png&auto=webp&s=03fad4afa45e74fb22ce5092e7042dc66e84bd1b) + +In the last 10 years there has been a huge drop off in the peak spot pricing in the wholesale energy market. The chart above shows the instances of spot prices exceeding $5000/kwh. I'd say this is the cream that utility companies thrive on, a bit like the weekend for a retail business. But that is not the worst of it. During peak period of solar and wind, spot energy prices have a tendency to go negative. + +&#x200B; + +[Instances of Energy Spot Prices below $0\/kwh](https://preview.redd.it/xyutj17bpjt61.png?width=1079&format=png&auto=webp&s=73f41404565d4ca36be760b23193e2335ed84fda) + +As you can see, the instances of negative prices have dramatically ramped up in recent years. And the outlook is that this that is not a temporary thing. We’re likely to see more and more negative spot prices as more solar and wind is added to the power grid, assuming no changes to the current capacity of other assets like coal. + +&#x200B; + +[Average Energy Spot Price by State](https://preview.redd.it/ehekz4hhpjt61.png?width=1079&format=png&auto=webp&s=be478fb46311b306e22549ab78aab57bff31a19f) + +This is having the immediate effect of driving down average pricing overall, as you can see in the above graph which shows the averages by state. Needless to say, average market pricing falling rapidly has a very negative effect on the outlook of AGL and the industry is expecting these low levels to persist for the next 2+ years. + +Some broker estimates on AGL’s future profitability puts their EPS in the range of 40-50cents by FY23. This is a shocking decline from the 90-120cent EPS they have been generating since 2017. In fact, the EPS projections puts them under even the earnings they produced as far back as 2013 (51 cents), except with a lot more baggage now. + +Apart from that, coal power stations have a life span, so the clock is ticking on AGL's infrastructure. They own 3 of the major coal stations in Australia. One of those, Liddell, is coming to the end of its service life and is planned to be shut mid 2022. The costs of which have been included in some of the recent write downs, but it still weighs on the overall profitability of the business. And while its other two stations should have another 10-20 years ahead of them, they are at high risk of having the the rug pulled out from under them by energy policy changes in the government. + +**The Outlook** + +In the face of all of this, the management seems to not have a tangible plan on addressing the underlying issues. Indeed they would appear to be conflicted on the issue. Only a few years ago they sold off parts of their wind infrastructure, only now to backtrack with plans that would have otherwise greatly benefited from those assets. + +Furthermore, AGL are planning to payout 100% of profits towards dividends for the next 2 years, which to me means that there will be little money to invest in transforming the company for the future. Indeed, the shutdown of Liddell doesn't appear to have any viable capacity replacement strategy, meaning a large chunk of AGL’s generation capability, and therefore revenue potential, will be cut off with it's closure. + +As it is, AGL’s coal stations are quickly becoming stranded assets. Who would buy a coal power plant that either has only a couple of years left of operational life, or might be forcibly shutdown due to policies from the government? Herein lies the problem with coal in the energy market. With no future as part of the market, coal plants are less assets than they are depreciating liabilities. + +As the value of those assets decreases, the looming costs of shutting them down (to rehabilitate the surrounding environment) casts a longer shadow over the overall value of the business and implies a future of reduced revenues beyond. If an investor's time window is 5-10 years, then they must confront these issues. And while AGL is a diverse energy producer utilizing both new and old technology, it’s lagging in its new world investments and is dragging behind it the ever increasing and onerous weight of its old coal generation plants. + +Perhaps the problem with AGL is not something that can be rectified, which is probably why one of their most recent announcements has them planning to split the company between new and old. Essentially, it is cutting and running from the coal question entirely. But what are the green assets worth? That isn’t clear. The operating costs are obscure, and besides, they represent only a small fraction of the generation capacity that AGL boasts today. + +**The Verdict** + +The problem with AGL is very complicated when you combine the economics of the energy market with the politics of the environment. Coal power seems to be becoming an unprofitable business model, due to the larger and larger contributions of green energy sources and the way that the NEM market works. + +The market pricing situation may be fixed to some extent by the closure of some coal power stations, by reducing the excess supply. However, then the reliability of producing base load power becomes a serious issue. Energy producers are caught in a bit of a catch 22 situation right now. Reliable base load power is a necessity, but keeping coal power stations operational is fast becoming economically unviable. This leaves a business model that, if it continues to exist, may end up running at a loss more often than not. + +**The Target** + +It would seem AGL is not the great deal that it seems on it's face. It comes with a ton of baggage and long term risk. I think that the pure economic problems could maybe be overcome in time, and so bought at the right price it could be a deep value play. But that would require friendly political support, which is dubious. Without that, the baggage of the old-world coal market is dragging them slowly underwater. + +But if for the sake of it, if I run the numbers and use some of the FY2023 broker projections I can draw up some revised targets. Working off their assumptions that eventually revenue will be cut in half, EPS @ 45cents, DPS @ 40cents, and using current NTA of $3.50 for the book value, I can update to the following: + +**Projected Fair Value: $9.17** + +**Target Price: $5.65** + +Though, given the announcement that they are looking at doing a split, I would be much more inclined to wait until clearer figures are presented on each half of the business. At which point a better valuation can be made on the green assets, which seem to be the only ones with a long-term future at this point. The coal side of the business could be a surprise play if government were to reverse course on their energy policy. For that half, perhaps setting a target of the updated NTA minus a discount could be a strategy. + +It really is a shame to see a stock with such a long a rich history languishing like this and with no clear path forward. I would love to own a piece of history, but I’d personally rather not pay the premium in this case, which may end up being 100%. + +*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 AGL and whether there is potential here that I am not seeing. Also suggestions of other dogshit ASX 200 stocks that I can line up for a DD in future editions of this series are also welcome.* +Thinking about college. I paid my dues. Will college be free for everyone now? How can you freely pay off debt today and not someone’s five years from now? +What are your feelings on giving your kids some of your $$ early on when they are in their prime and can really benefit from doing some extraordinary things? I don't think it's really that bad sharing some of what I have accumulated with them now, but I know some are so totally against touching their life savings because they worked so hard to get there and might need it in their older ages. I'm 58 and just think helping out the kids with some extras that will enhance their lives while they are young is not a really bad idea. (I am totally aware this is dependent on where I am on the "FIRE" chart, I get this.....I am such a simple minimalist and just want my kids to enjoy extras like a nice vacation or an opportunity to live in a really chill vibing place for my youngest, and I feel I have plenty, and it really brings me joy, to see my kids thriving and enjoying life. They are all great adult kids, work and take care of their families and sometimes that little boost for a fun extra is just my idea of sharing.) +Not trying to sound dumb but at the tail end last year so many people were scared with the news of Evergrande collapsing. It’s the 2nd largest property property developer in China with over $300 billion in debt. Evergrande’s stock is trading at a whopping 13 cents and continues to drop each and every month. Is it not inevitable that this will come crashing down and that China keeps kicking the can down the road? Been thinking about putting long-term puts on HSBC as they have 90% exposure to Chinese securities. Please tell me if this sounds degenerate. I just have a terrible feeling about this. + +Edit: Shares were suspended back in March. However, they have until September 2023 to meet a list of conditions to keep from being delisted. Wanted to keep this as accurate as possible and avoid any confusion. +Hey guys, + +&nbsp; + +Several of my IRL friends have been getting into crpyto recently – mainly into Ethereum. Many of them have been struggling to understand certain concepts - like Sharding (and even PoS). So I thought I'd write a quick post **using a simple analogy** to explain Sharding. Hopefully this will help the newer folk ease into the community! + +&nbsp; + +**[Formatted & Readable Orignal Post](http://www.mangoresearch.co/ethereum-sharding-explained-simply/)** + +&nbsp; + +----------------- + +&nbsp; + +The demand for scalability is becoming increasingly urgent. The Cryptokitties incident demonstrated how quickly the Ethereum network can clog-up. While many in the community are excited for Ethereum’s Sharding, there are just as many who struggle to understand how sharding will help Ethereum scale. + +&nbsp; + +In this post, I will attempt to explain Ethereum’s sharding using a **simple analogy**. + +&nbsp; + +**Understanding The Problem** + +&nbsp; + +One of the major problems of a blockchain is that an increase in the number of nodes reduces it’s scalability. This may seem counterintuitive to some people. “More nodes = more power. So more speed, right?” Not exactly. + +&nbsp; + +One of the reasons a blockchain has its level of security is because every single node must process every single transaction. **This is like having your homework assignment checked by every single professor in the university**. While this may ensure that your assignment is marked correctly, it will also take a really long time before you get your assignment back. + +&nbsp; + + +Ethereum faces a similar problem. *The nodes are your professors. Each transaction is your assignment.* + +&nbsp; + +Sure, we can reduce the number of professors (nodes) until we are satisfied with the speed. But as the assignment (transaction) backlog increases, we will need to further decrease the number of professors. This will eventually lead us to rely on a few “trusted” group of professors. A centralized group. + +&nbsp; + +This defeats the ideology of blockchain decentralization. It’s much easier to compromise/corrupt a smaller group of professors (nodes) than the entire university (the entire network). As a result, we sacrifice security in an effort to scale. + +&nbsp; + +To sum it up, blockchains must choose between Two of the Three following attributes: + +* SECURITY +* SCALABILITY +* DECENTRALIZATION + + +&nbsp; + +**What is "Sharding"?** + +&nbsp; + +With the problem and limitations understood, we now pose a question: + +> Can we have a system that has sufficient number of “professors” (nodes) to still maintain the security – while being small enough to increase the speed at which your assignments are returned (throughput of the network)? + +&nbsp; + +Essentially, we are conceding that we can’t “max-out” on all three of the attributes: Scalability, Security, Decentralization. But, can we have just “enough” decentralization & security so as to achieve more scalability? + +&nbsp; + +**Sharding** is Ethereum’s answer to this question. + + Think of Sharding as simply a fancy way of saying, ***“let’s break down the network into smaller groups/pieces”.*** + +&nbsp; + +Each group is a shard. A group/shard consists of nodes and transactions. +So in our professor analogy, a shard would consist of a group of professors and assignments. Now, instead of a professor having to correct the assignments across the entire network, he would be only responsible for the assignments within his shard(group). + +&nbsp; + +This greatly reduces the number of transactions (assignments) each node (professor) has to validate. + +&nbsp; + +**Ethereum Sharding - Structure​** + +&nbsp; + +Okay, so I may have oversimplified a tiny bit. But now that you understand the gist, you’ll understand this part a lot easier. + + +&nbsp; + +In each shard/group, we have nodes that are assigned as “Collators”. Collators are tasked with gathering mini-descriptions of transactions & the current state of the shard. + +&nbsp; + +In our analogy, you can think of Collators as Teacher’s Assistants. All the TA’s in shard/group do the first run through of all the assignments within the shard. + +&nbsp; + +Finally, we have super-nodes. Each super-node receives the collations created by the collators of each shard. They then processes the transactions within those collations. Furthermore, they maintain the full-description/state data of all the shards – which they get from the collators as well. + +&nbsp; + +You can probably see the benefits of this structure. The number of nodes that process every single transaction would be greatly reduced, and thus increase overall throughput. + +&nbsp; + +**Conclusion** + +&nbsp; + +Sharding is a smart approach to tackling the blockchain scalability problem. However, it’s not without its drawbacks. Because of its structure, it’s easier to compromise a shard within the system. + +This is one of the driving reasons why Ethereum’s switch to Proof Of Stake. Proof Of Stake helps mitigate this security vulnerability that comes with Sharding. But for the sake of brevity, we will discuss that in a future post. + +--------------- + +&nbsp; + +Hope this post helps! + +**Formatted & Readable Orignal Post**: [MangoResearch: A Simple Explanation To Ethereum Sharding](http://www.mangoresearch.co/ethereum-sharding-explained-simply/) + +&nbsp; + + +**Edit:** + +[Vitalik was kind enough to point out](https://www.reddit.com/r/ethtrader/comments/7y6pq3/understanding_ethereum_sharding_a_simple/dufsbgm/?context=3) that an attack on a shard would be extremely hard to achieve because super-nodes (validtors) are shuffled extremely frequently between shards. This makes it very hard to target a single shard. Also, contrary to what I believed - the overhead costs for the reshuffling can be made trivial! + + + + +Something I've noticed, but it seems a lot of 10X investments tend to be controversial. I guess if everyone recognizes something as a good investment, then it would no longer be 10X as everyone is already buying that thing. + +Basically if you have a lot of people who are dismissive of something who've only researched that thing at a surface level, while on the other hand, you have another group of people who have researched and are thinking a bit deeper and are convinced of its potential, then there's a decent chance of it being a 10X candidate. + +Anyways for me it would be Lemonade. I think what's going on is a textbook example of innovator's dilemma. Lemonade at first entered a very underserved market (renter's insurance) to build brand value and recognition. They're now releasing new insurance products every 6-8 months. + +Meanwhile the incumbents have the luxury of a huge customer set but high expectations of yearly sales. They are still relying on a lot of legacy systems and core capabilities (broker based systems, software that's still running on COBOL). Many shareholders still expect yearly dividends. And so on. + +One interesting quote by the CEO of Lemonade “Ironically you have a better chance of creating a product that’s 10x better than 10% better. And in order to do so you have to throw away everything you know and reason from first principles”. Right now lemonade is ranked #1 in customer satisfaction for insurance, and they can give out and process claims in 1/10th the time as traditional insurance. +**Slam Token aims to stand apart from the crowd by building new utilities that benefits the BSC community. It’s a evolutionary ecosystem powered by a DeFi Casino 🎰 Advanced Charts App 📈 Swap Platform.** + +$SLAM delivered 4 great, working products in just 3 months!! + +👉 1) SLAM CHARTS + +Slam Charts is a platform where you can track over 1000 Bsc tokens. Website and android version is already live. iOS version is under review and will be live very soon. It’s the first mobile app to track Bsc tokens. + +🔥Get access to free charts for top Bsc tokens, with a super simple and unique design. +🔥Charts: Easily search & track the Bsc tokens +🔥Wallet Tracking: Keep track of 4 wallets simultaneously +🔥A Nifty Converter Tool: Calculate tokens worth in USD & crypto currencies +🔥 Whale radar: Add any tokens or whale wallets to your watchlist to receive push notifications for big buys/sells with the new “Whale Radar” feature + + + +Website: https://slamcharts.com/ + +Android App: https://play.google.com/store/apps/details?id=com.slamtoken.charts + +iOS App: Under review + + + +👉2) SLAM VEGAS + +Slam has signed an agreement with “Evolution Gaming” that is licensed and has over hundreds of casino and live games. Slam Vegas will have blackjack, roulette and baccarat with live dealers, slot games and live games (such as Crazy Time etc.) in our lobby. +Tournaments will not be available initially. But there are plans to hold charity events, special collaborations with other tokens and sponsor Twitch/YouTube streamers. + +Slam Token has partnered with following tokens already; + +-Yummy +-Baby Shark +-AquaGoat +-Save Planet Earth + +Beta phase is now live only for $SLAM holders! +Main Launch: In few days!!! + +Website: slamvegas.com + + +👉3) SLAM CRASH + +The OG crash game of Slam is now moved to a new domain: slamcrash.com and it’s separated from Slam Vegas completely. You will now be able to deposit and withdraw BNB to play the crash game. In the new version of the game, there will be features only available for SLAM holders. Such as; sending message in the public chat, being able to add friends,, bet behind feature, auto-bet, special badge, background color change and etc. + +🔥Registered Users: 3.406 +🔥Total Bets:1.725.900 +🔥Leader player has won more than $50.000 so far! +🔥Now you can play with BNB, $SLAM and Baby Shark (More tokens will be added in the future) + +Website: slamcrash.com + + +👉3) SLAM SWAP + +Slam Swap is basically simplified version of Pancakeswap. Over 1000 tokens -with logos- already added. Slam Swap makes it really easy and simple to trade Bsc tokens, even for beginners. With “Auto Version Detection” feature, Slam Swap will automatically decide the version you should use for a specific token. In addition to that, Slamswap adjusts the correct slippage for you! (There are currently +30 tokens that have this feature but more will be added in the future). + +On SlamSwap, instead of pasting contract adresses you can simply type the name of the token you want to trade and search for it. No strange warnings, no weird error messages that you can’t understand! It’s a swap platform that focuses on simplicity, created to give a much better experience for traders on Bsc. + +Website: https://slamswap.com/ + +👉4) SLAM POOLS & BANKROLL INVESTMENTS + +-After the grand opening of Slam Vegas, $SLAM billionaires and millionaires will be shareholders of every single product you saw above. Which means $SLAM holders (millionaires and billionaires) will receive %15 of the total net profit of Slam ecosystem as a reward. Of course billionaires will get more rewards than millionaires. + +-%50 of the bankroll profits will be allocated for investment pool. Whether you are a SLAM holder or not, you will be able to invest in the bankroll and get your fair share of the profits. + +-Investment funds will be locked for 30 days in order to provide liquidity for the bankroll. Investors will be able withdraw their initial investments after a month. BUT they will be able to withdraw their profits on their investments any time they want. + +Meaning if you have made a $100 in BNB over a day from your investment profits, you will be able to withdraw it in BNB instantly. + +--- + +They have released 32 pages long, professionally written White Paper. It’s the best way to see Slam Token’s potential. + +WHITEPAPER: https://slamtoken.com/whitepaper + +What’s already done? + +✅Crash Game: slamcrash.com + +✅Slam Vegas Beta Launch: (Available only for selected $SLAM holders) + +✅Charts Website: slamcharts.com + +✅Charts App (Android): https://play.google.com/store/apps/details?id=com.slamtoken.charts + +✅Swap Platform: slamswap.com + +✅TechRate Audit + +✅Whitebit Listing + +✅CMC and Coingecko Listing + +✅Whitepaper: https://slamtoken.com/whitepaper + +✅Renounce Ownership Transaction: https://bscscan.com/tx/0xcbae5f376f037e7dcaa68452a96f34958d8efdbd59f39dc4694a18e0ee3f9f87 + +✅1st Developer AMA: +https://www.youtube.com/watch?v=Qurxua6VDmQQ + +✅2nd Developer AMA: +https://www.youtube.com/watch?v=Y5WcyA-1hcs&t=26s&ab_channel=SlamToken + +✅3rd Developer AMA: +https://www.youtube.com/watch?v=fG8pu4YbTxQ&ab_channel=SlamToken + + + +Contract: 0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37 + +---------- + +1)You can buy it on slamswap.com easily! + +2)Buy it on Pancakeswap 👉 https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xcCe7F9eB881248E04f2975a3Fb3B62631ad9eE37&inputCurrency=BNB + +- Use v1 or v2 and 11% slippage if purchasing $SLAM on PancakeSwap + + + +https://bscscan.com/token/0xcce7f9eb881248e04f2975a3fb3b62631ad9ee37 + +Website: slamtoken.com + +Telegram: https://t.me/SlamToken + +Discord: https://discord.gg/B9frWsqXsqı +I grew up with my grandma. She took me in when she was 60 and living on disability. Eventually, she'd take in my little sister too because my mom was suffering from mental illness and self-medicating in the worst way. So there were three of us, and we lived on $20k. (And this wasn't 100 years ago either; I'm a millenial.) Money was always, always tight. We didn't have a car, a computer, cell phones. We couldn't even afford a lawn-mower. A neighbor would lend his. What Save-A-Lot didn't sell we didn't eat. + +When I was 16, I got a job at Subway, and I had to walk two miles each way. Then I got fired because I didn't take my drug test in time. I didn't take the test, not because I was gonna fail it but because I couldn't get a ride to the nearest drug testing place, which was miles and miles away. + +All through high school, I kept dreaming that I would work hard in school and get a scholarship to Harvard and land a good job and bring Grandma (and myself) out of poverty. But that didn't exactly happen. + +First disappointment is that I didn't get into Harvard, but all in all, that actually didn't matter. I got into another good college on a scholarship. And I did work hard and plotted a path for myself where I would finally come up. I finished all my schooling three years ago, and I took my first adult job. I made enough just to cover all my expenses and have a small cushion, but it all felt very precarious. + +Last September, I interviewed for a good job, making six figures, a job that would actually change my life. I got the offer and accepted in October. My Grandma died in November. + +On the one hand, I made it out of poverty, so I should be happy. On the other hand, it all feels meaningless since I can't share my success with the one person in the whole world I wanted to share it with the most. + +With the new job came a new city. Nobody knows my story here. I'm just another guy in a suit, who went to good universities, whose life is 'working out.' +. + +. + +. + +. + +. + +. + +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. +[https://www.bloomberg.com/news/articles/2022-03-01/what-citadel-s-ken-griffin-thinks-of-russia-ukraine-sanctions-markets-crypto](https://www.bloomberg.com/news/articles/2022-03-01/what-citadel-s-ken-griffin-thinks-of-russia-ukraine-sanctions-markets-crypto) + +Free link! [https://archive.fo/87J3q](https://archive.fo/87J3q) + +Ken Griffin gave an interview today. A big nothing burger for the most part. + +"He’s also increasingly been in the news for his exploits outside of Wall Street. Griffin gave $20 million to a [Republican candidate for governor](https://www.bloomberg.com/news/articles/2022-02-14/citadel-s-griffin-gives-20-million-to-illinois-governor-s-rival), bought a rare copy of the [U.S. Constitution](https://www.bloomberg.com/news/articles/2021-12-09/ken-griffin-s-son-told-him-you-have-to-buy-the-constitution) at auction for $43.2 million — beating out a crypto-funded bid in the process — and described the rush to embrace cryptocurrencies as a “jihadist call” against the U.S. dollar (His view on digital currencies has since evolved)." + +The typical look at me type crap. Heavy spin on trying to come out looking like a good billionaire. + +**Here is what caught my attention.** + +"Griffin — who grew up mostly in Florida and went to public high school in Boca Raton —  also spoke about **the prospect of Citadel Securities going public**, the leadership of the Securities and Exchange Commission and the best advice he’s received." + +This is what we call a bread crumb. Giving a hint at something so later the reader isn't surprised. Sure enough later on in the interview they drop the next nugget. + +"**Should anybody think that Citadel Securities might go public?"** + +"That’s a reasonable assumption. One of the ingredients that Sequoia brings to the table is helping my management team really understand as a public company what will be different than how we run our business today as a private company. And of those differences, some will be positive, some will be negative. We need to understand those differences and embrace them if we’re going to go public down the road." + +**How do I interpret this?** + +Ken and the other owners see the writing on the wall and its time to punch out. They have laid the groundwork to start the process of going public and they are going to absolutely fuck over any investor that puts money into this company. We saw how this went with Robinhood and for a brief moment the stock was on fire for a short time then reality hit and it is where it belongs, in the dumpster. I don't know if this is an attempt to liquidate all 50 owners shares or if they are looking for Billions to try and navigate their horrendous time bomb of short positions. + +TLDR + +Ken is prepping the public to take his company/s public. + +&#x200B; + +**Edit:** A lot of comments suggesting that them going public is a good idea. I don't want to be rude but this is either misguided or shills trying to sell us that this is a good idea. I cannot repeat this enough, "This is pure evil." + +* Your parents who are invested in their 401k through work with their life savings have no idea that their financial advisor moved part of their retirement into this safe, bulletproof investment. +* Your neighbors who worked at a great company and have a pension are also invested in this because Ken sold the leadership who control the pension fund on what a safe investment this is. +* The general public have heard of Citadel now and decide to invest in a safe and stable company. +* It might even be your money and you wouldn't even know it. Do you want your tendies to come from your parents, neighbors, the general public and possibly yourself? + +In all these scenarios the general public and average person is devastated when it collapses. There is also no recourse when they shut down the company or sell it for pennies. Ken and Co are trying to shift liability to the general public and run for the hills. It reminds me a lot of what Enron did. Many good people will be directly hurt though this. I don't want their money. They didn't create this mess and don't deserve to pay the price for unchecked greed. This is a golden parachute for Ken and Co. + +**Edit 2:** Look at the link I posted. No where in the title was anything about him going public. If you go to the link now it is boldly highlighted that they intend to go public. Wonder why they changed the title of the article. They replaced his views on crypto in the title to one of him going public. It wasn't apparent they intended to go public when it was first published, it was hinted at in the article. Now its bold front and center for the title. What made the author change this it completely changes the meaning of the article and validates my intuition that this was their intention all along. Give a glowing positive interview and prep people for a public offering. +>Slack CEO Stewart Butterfield claimed earlier this month that Microsoft Teams [isn’t a competitor to Slack](https://www.theverge.com/2020/5/1/21244158/slack-microsoft-teams-competition-stewart-butterfield-comments). In an interview with *The Verge*, Butterfield has revealed that, inside Slack, the company feels that “Microsoft is perhaps unhealthily preoccupied with killing us, and Teams is the vehicle to do that.” +> +>Butterfield sat down with *Verge* editor-in-chief Nilay Patel for a wide-ranging interview that discusses Slack’s battles with Microsoft Teams, the future of Slack, new Slack features, and much more. It’s well [worth a listen](https://www.theverge.com/21269875/slack-ceo-stewart-butterfield-interview-microsoft-remote-work-vergecast). + +Slack bulls and bears, what do you think here ? Is Slack fighting a losing battle here ? +RuPay card is India’s own card and payment gateway system, developed by the National Payment Corporation of India (NPCI). + +Visa, Mastercard, and American Express are also payment networks and have huge market share across India. Why do we need a domestic payment system when there are several well-functioning global networks like Visa, MasterCard, and American Express? + + +[https://www.business-standard.com/article/finance/issue-only-rupay-cards-seed-all-accounts-with-aadhar-by-dec-fm-to-banks-120111001413\_1.html](https://www.business-standard.com/article/finance/issue-only-rupay-cards-seed-all-accounts-with-aadhar-by-dec-fm-to-banks-120111001413_1.html) +Greetings r/algotrading, + +Does it make sense to setup an LLC for an algotrading business before any substantial trading is taking place? + +I've been passively trading for a few years now, with the plan to slowly ramp into a more automated system as I get more time and capital in place. I'm now at the point where I'm starting to spend significant money on this venture (trading, data, cloud services, books, courses, etc.), and was looking into how I should handle this optimally. It would seem starting an LLC may be a good option to write-off these expenses. + +My concern is that my "business" isn't really anything yet, other than loose research and some infrequent trading, and I don't know if this poses a problem or may cause one down the road. Of course, I don't want to wait until *after* I've spent all of the time and money on building a business to start writing off expenses, so it seems like it would make sense to setup something like an LLC sooner rather than later. + +I'm still looking into some of the ins-and-outs of this stuff, and obviously I'll talk to professionals (such as [Green Trader Tax?](https://greentradertax.com/services/entity-formation/)) before making any serious decisions, but I figured I better get a good understanding of this stuff prior to any of this and assumed people on here would have some insight into this. + +I've searched around and can't find any clear answers, so I'm specifically curious about the tax implications of this or if there's a way to take advantage of these expenses without starting an entity or something. + +Thanks! + +Edit: Although it's pretty far away from this point that I don't think it should be *heavily* considered, I do plan on hiring people (probably contract developers) to help build some of this stuff down the line. Again, I don't think I'd make an LLC solely based on this fact (and I'm not even sure if getting an LLC would be that beneficial with respect to this), but that is a factor. + +Another thing I'm considering is that I've had family and friends who want to invest with me as well. This, like with everything else, is something that I'm probably not going to deal with anytime soon, but the plan would be to do this at some point as well. If getting an LLC can help with this regard, it'd be another plus. +Are you among the people that have invested in crypto and lost a lot of money? Then, come and join the SwissFund Token. It is a secure token built on the foundations of the traditional Swiss banking system, but with a modern twist! Swiss fund gives token holders privacy, security, and a reasonable rate of return on their investment. + + +It’s a genuine venture that strives to introduce safe, reliable Swiss banking to the crypto community while retaining the most crucial qualities, such as security and confidence that are unfortunately absent in the current crypto climate. With the market deep and the multiple scams that people have experienced in the name of crypto, the Swiss fund aims to make crypto safe again. + + +Successful tokens have several essential elements, and one of them is transparency. + Proper token distribution and locked liquidity are required for a fair launch, and the Swiss fund is providing this to its holders. + +Ownerships is renounced, and the Swiss fund has laid out an attainable roadmap to show the buyers the trajectory they wish to take. A marketing strategy that will maintain itself has been set in motion, and the Swiss fund is concentrating on the growth of the token. Combine the highly-branded Swiss Banking reputation with the solid groundwork that has already been laid, and the Swiss Fund is here to make a significant impact on the crypto world. + +**Join the community on:** + +Website: [https://swiss.fund](https://swiss.fund/) + +Telegram: [https://t.me/MySwissFund](https://t.me/MySwissFund) + +Twitter: [https://twitter.com/MySwissFund](https://twitter.com/MySwissFund) + +Contract: 0x3b17389dcac17e8b37e3269785e5c357aa100005 + +Chart: [https://charts.bogged.finance/?token=0x3B17389Dcac17E8b37e3269785E5c357Aa100005](https://charts.bogged.finance/?token=0x3B17389Dcac17E8b37e3269785E5c357Aa100005) + +Buy your Swiss Fund tokens directly on PancakeSwap: + +[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x3b17389dcac17e8b37e3269785e5c357aa100005](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x3b17389dcac17e8b37e3269785e5c357aa100005) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Yesterday I got some questions about Private Banking and I wanted to provide more information, as it seems there are some real misconceptions. Along your fatFIRE path, you will probably ask if private banking is right for you. Here I will outline the benefits and why they don't apply to most people, even most people with 10MM+ in assets. + +First, I want to separate private banking from "private client" services which are basically "premium economy" bank accounts and are targeted at mass affluent folks between 250k-1MM in assets. Frankly, the benefits of these are near useless as you can get them at Ally/Schwab: free checks, atm reimbursement, "better" rates which are still worse than Ally. I see no reason to use these services. People are suckered into them by perceived exclusivity and wanting to feel better than others, as if they are "premium." Don't fall for it. + +Private banking starts at a minimum 1MM but is more likely to be 5-10MM minimums. There is some fuzziness on this for young people with high earnings potential, the descendants of clients, and those who work at firms with special relationships to the bank (like me). Banks make a lot of money off of these accounts and you are likely to receive below market returns due to fees (typically 1% of AUM). As a result, the only reason to use these services is because you need loans that require a special relationship with a bank. + +Here are a few examples: +-You want loans for rental property. The bank will offer below market rates and will typically approve the loan within 1 business day. +-Complicated commercial loan structures that are unusual or require special consideration +-Loans against illiquid assets, such as art, family business stock, stock in a pre-IPO startup. + +These are things a small bank or credit union probably wouldn't do. Another advantage is that they will administer trusts for you and are probably less likely to steal everything than an independent trustee. Some people like the JP Morgan special credit card, the exclusivity of it and the cool perks on it, but to be honest this is a really dumb reason to pay a 1% AUM fee. Lastly, you get access to private equity and REIT investments you wouldn't have otherwise. I don't believe these are particularly useful either. + +The negatives: +-AUM fees +-Fund options may not be as good as vanguard/fidelity etc +-Sleazy bankers. + +The last is the worst. Wells Fargo (of course!) recently were found to be steering their private banking clients money to proprietary, high-fee funds that had below market performance. When I shopped around for a private bank, I told them I wouldn't be investing in any proprietary funds and got shoved out the door at several places. + +I no longer use a private bank as I had no need of these loans anymore. It should be clear these services are not useful to most people, you're just getting bilked for fees. I hope you have found this guide useful and it has helped your FIRE be fatter. + +TLDR: The point of private banking is having a close relationship with a bank. If you aren't going to use that relationship, don't pay for it. +Let's talk numbers - + +Rental yield is around 3-4% in most places. Given the annual maintenance expenses, let's call it 3% + +Home loan rates hover around 7.5% right now conservatively assuming. + +80c is usually full for most people so you save additional 70k max on tax (30% of 2L). + +Now, if I want to buy an apartment worth 50L, and get a loan of 45L at 7.5% for 10 years, then total interest I would have to pay is 19L. Interest rates will float throughout but sake of simplicity of calculation I am ignoring that. + +Now lets see what I earn, 30% of 19L is 5.7L saved in taxes. Rent at 3% is 1.5L per year and for sake of keeping calculations simple, if that is the constant rental rate, then total rent in 10 years is 15L. So total 20L meaning the earnings cancel out the interest paid to bank. + +Now the biggest question, Depreciation. How does it work for apartments. Apartments get old. Not much modifications can be done. A 10 year old apartment wouldn't sell for much. If there is an old apartment and a new apartment in same locality, the new apartment will most likely attract higher rental rate. And if I plan to sell a 10-15 year old apartment, what will I get, 70L, 80L? + +Would the CAGR justify not putting this money into say, PPF or Index funds or ELSS? +Every few months I am seeing a few grams being shaven off the essential home needs, has anyone noticed this? + +It's unbelievable how the manufacturers are allowed to get away with continuing to shrink food while keeping the prices same or more costly. + +They cite things like Brexit, higher costs etc but it seems like BS to me. They just want to find other ways to increase profit. +This AMA brought so much credibility on what apes have been saying for so long. + +In case you want to learn more about these speaker. + +About Wes: +https://www.linkedin.com/in/weschristian + +About Dave: +https://www.linkedin.com/in/davelauer1 + + I am in wow seeing how much experience they have in their field. And Wes citing real past cases made it super engaging. Dave hosting it gave the AMA a much professional feel. + +Personally, I feel this has been the best AMA I have attended. + +Thanks Dave and Wes! + +Edit: + +Link: https://youtu.be/2rJujnpKiqM + +Also, forgot to mention. But I am sure that the mods already know. Thank you very much for all that you do! +This coin continues to impress me every day. The chart has made an enormous run today, but that’s not even what I’m referring to. I’m referring to the dev team and the community. The team behind this coin is the most active group I have ever seen. They are constantly in the telegram answering questions and giving updates. The doxxed founder, Adam, regularly does impromptu AMA’s, and many official ones as well. A few days, ago he got a tattoo of the PinkPanda logo on his arm. It doesn’t get more doxxed or committed than that. + +The community is as passionate, knowledgeable, fun, and FUD-free as I’ve ever seen. Jump in the telegram (link at the bottom) and it won’t take you long to fall in love with PinkPanda like I have. Anytime anybody asks a question there is an army of pandas in the chat eager to help. Anytime a new video or tweet comes out, pink panda army swarms to promote the cause. People are even so confident and committed to this coin that they have gotten tattoos of the logo themselves. When have you ever seen that with another token before? + +If none of that sells you, well then look at the chart. Steady growth since launch. It has spiked, like today, then consolidated, then spiked again. I’ve never seen a more healthy chart in the BSC space. This is not a pump coin. It is not a meme coin. This token is about steady, consistent growth, and it is a long-term investment. If you don’t believe me, look at the white paper and the roadmap. + +The first version of the app has already been released on iOS and Android, with the next version being submitted today. That is remarkable progress for a coin so young. Even more remarkable is the vision. Eventually, a 5x leveraged DEX will be added to the app. It will include the ability for stop and limit orders, features traditional traders are used to having access to. This will revolutionize the BSC space. Not only will it make BSC trading more accessible, but it will bring in more traders that rely on features no DEX currently provides. + +On top of everything else, this coin is on a mission to help fight cancer. $1000 has already been donated to the American Cancer Society, with much more coming. Check out the tokenomics and you will see the charity wallet: + +Tokenomics + +* 1 quadrillion total supply + +Breakdown: + +* 50% burned (500T) +* 20% presale (200T) +* 20% initial liquidity (200T) +* 5% charity and community airdrop wallet (50T) +* 5% dev and marketing (50T) + +Taxes: + +* 5% of each transaction auto-locked in liquidity on Pancakeswap +* 5% of each transaction automatically redistributed to PinkPanda holders + +Other things worth mentioning are that it is audited, the contract is renounced, and the liquidity is locked. You can go on and on finding reasons why this one is different than the rest. It is an incredible coin with an incredible community. I am so glad to be a part of it and so excited for the future. I’ve heard talk that it’s the next Safemoon. But, it isn’t. It is the first PinkPanda. + +&#x200B; + +Telegram: https://t.me/PinkPandaDefi + +Twitter:@PinkPandaDefi + +Website: pinkpanda.finance + +Reddit: r/PinkPanda + +YouTube: Pink Panda Finance + +Medium: PinkPandaDefi + +Twitch: pinkpandafinance +I have a sort of target of $400000/yr, to be achieved as soon as possible after we resume the bull market (Q2/2023 ?). + +This is my actual projected income: + +&#x200B; + +https://preview.redd.it/xseasyawjsu91.png?width=2440&format=png&auto=webp&s=c6c729237d3752f217e373ceb31a215581f69514 + +https://preview.redd.it/6aqyomd0isu91.png?width=2432&format=png&auto=webp&s=6af186318e41c5145fd1664ddacc97de03efba7a + +https://preview.redd.it/v9wu6et5isu91.png?width=2451&format=png&auto=webp&s=cc00aa8715aa700f2a089385fa523e150c7ab1e3 + +Stocks are down a lot, I suppose around -40%, but thanks to hedging the portfolio returns are positive. + +&#x200B; + +https://preview.redd.it/tffj1vmzisu91.png?width=1187&format=png&auto=webp&s=d72a9e603cb4161a4a443151adfadc4506de6067 + +&#x200B; + +https://preview.redd.it/ijb9coy0jsu91.png?width=1247&format=png&auto=webp&s=77fbdd100ddfca92472164c708f183ed44469335 + +Leverage is < 1.0, I am planning to go about 3 after then end of the bear marked. +Background-$6.5MM nw, 49, M, married with 3 kids + +Through a combination having a good income, being a very good investor and watching our costs, I’ve went from deal management and doing everything with costs in mind to mostly not caring. It wasn’t too long ago that I reviewed every grocery receipt and was a strict 20% tipper not including tax. I switched various providers (trash, cable,etc) if I could save $5/monthly. + +Now I buy what I want on deal or off deal. i go the stores I want and stay in the hotels I want without much regard to price. I won’t stay in a $500/night hotel but if it’s $285 or $150, I’ll stay at the easier/nicer place. + +The interesting thing is that I’m still conscious of it but I’m actively choosing not to spend any energy on “managing the small stuff” mentally. I have to admit, I really like this feeling. + +This didn’t happen overnight but rather over the last couple years. And I really think I mostly stopped caring when I comfortably got over $5MM NW. I feel pretty safe in thinking I won’t spend it all. + +What are the things you care or don’t care about? Anyone else go through this type of transformation? +Just paid off my Zip Money in full. Had about $2700 remaining on it. Have been paying stupid amounts of interest on it too over the last 5 and half years i've had it open... + +I promised myself i'd get debt free this year. And god damn i'm gonna make it happen. Paid $19700 so far in various things. I'm 29 but i'm correcting the mistakes of my 20's over the last 7 years. I'm not starting my 30's in this shit heap of a mess. + +Only $2268 to go until i'm debt free! Has anyone else paid off some large or small debts recently? Share your success! +You have these big events like Fed announcements and CPI announcements and the market seems very unsure on how to react to them. It moves one direction on the announcements and then shortly thereafter reverses course and then shortly thereafter reverses course again, etc, etc, etc. +Ignore anyone who is promoting a service in this space. Most of thier content is a click funnel for thier course and will lead you down the wrong path. Learn from people who aren't trying to sell you $#!+ +Child safety +As one of Pigzbe’s core target audiences are families with young children, Pigzbe has +gone to great lengths to ensure that both privacy and safety of children are +protected, beginning with the product design phase through to production +deployment. Additionally, Pigzbe adheres to the guidance issued by the Information +Commissioner's Office in the UK (ICO). +PII sensitive data +At Pigzbe, we are avid participants in the new digital economy, and we are as +concerned with personal privacy as our community members and customers are. In +addition to the adoption of encryption, and the security best practices guidelines +described above, Pigzbe also adheres to the following regulations: +● General Data Protection Regulation (GDPR) +● UK Data Protection Act +● Directive 2002/58/EC (the E-Privacy Directive) +● Directive 2006/24/EC Article 5 (the Data Retention Directive) + + +As title suggest, When I turn 18 I will be getting an inheritance from my dad it will be around 225k, I’m almost 18 in 1 month and on track to finish highschool and start college. What’s the best steps for me to let this money grow. I plan on using around 30-50k to pay for my college as well. +Folks, + +Although the temperature here isn't as high as WSB, I urge you to stay **VERY VERY VERY** cautious. We all are reading posts online that are highly concerning and outright dangerous. + +# DO NOT INVEST WHAT YOU CANNOT AFFORD TO LOSE! + +I cannot stress enough on this. It's okay to dabble couple of hundred/thousands as you see fit depending on your financial worth but do not be desperate and cut corners from the routine investments/stocks you have in other areas. This is detrimental in every way and will likely eventually lead to major losses. You **cannot** time the market and by the time you understand the situation, you will have lost a lot. Not to mention we Canadians are on the mercy of brokerage which charge FX 1.5-3.0% for every US transaction (buy/sell) and some platforms take 2-5 days to settle deposits which are a barrier in themselves. + +# MAKE NO MISTAKE, THE MARKET WILL CORRECT ITSELF, EVENTUALLY! + +It's only a matter of time, but things will go back to normal eventually. Please do not keep pumping with all your life savings. Many fellow Canadians have lost jobs in this pandemic and are on welfare of some sort. Please double triple think your priorities/emergency savings. Students especially, who need to pay for tuition deposits among other expenses are delaying payments in lieu of investments, I urge you to be **very very prudent.** If you're making large $$$ investments, please speak with your confidant/SO who would help you think through this. + +**I AM NOT DISCOURAGING YOU, but please do your DD and do not jump into this bloodbath if you don't need to. It's completely OKAY to be a spectator and not lose any than sit in some corner over lost $$$'s.** + +If you're a pro trader and understand what's going on, more power to you my friend, send us a selfie from the moon and we will be glad. + +P.S: I'm in this game on a very small level that I feel comfortable with and can stomach the losses. + +Some posts that concerned me and I decided to write this. + +[https://imgur.com/18FVkDP](https://imgur.com/18FVkDP) + +[https://imgur.com/GtKriWA](https://imgur.com/GtKriWA) + +Thanks! +It’s true, y’all. Emergency funds are no joke. I lost my job in April & just got hired this past week for a new position at a better company. I’ll be making more money & have amazing benefits. + +I can not stress the importance of having even a few months saved away as it can quite literally help you find a better job by taking the time you need to focus on something you want. This will be nice because you won’t have to throw yourself into something you wouldn’t like to do. + +I’m not blind to the fact I was in an incredible position to sit around & wait a couple more months than I wanted to in order to land this job but I urge everyone to save as much as possible in case this ever happens to them. During the months off I had car repairs, random medical bills (albeit small) and many other unforeseen issues arise. + +Just happy to report I didn’t miss any bill payments & I finally have a dream job & I still have some money left over just incase! +#The www.drsgme.org team is far enough along on its behind-the-scenes progress that we would like to ask you to **share it with the world outside of Reddit NOW!** Please put this on your social media, tweet about it, tell your friends, put signs in the real world, bumper stickers, etc. + +The work on the site that is not yet available to be shared will be a ton of additional content and also a complete restructuring and vast improvement over its current rough draft layout. The website team has been hard at work since the first time u/derhyperschlaue and I shared our vision with you on Friday, March 18th. As we are working on this, we are also planning our internet advertising campaign. We plan to share it again with you as soon as the new website layout is finalized, and then launch our advertising campaign. **More than 25 step-by-step broker instructions are currently available on the website.** This would be especially helpful to refer members of the OG sub to. + +[My sample tweet ](https://twitter.com/millertime1216a/status/1509205944261124099?s=21&amp;amp;t=Qs1ekafv5RKdfiCUS19LPQ) + + +I would LOVE to hear any small, big, interesting, creative, or even unusual **ways all of you can think of to ADVERTISE IT ON YOUR OWN!** This could help others get motivated and maybe adopt your ideas along with their own. + +I have platinum awards to give to my (subjective) top 3 favorite ideas and 3 for the top upvoted ideas in the comments. + +[Website Design Challenge ](https://www.drsgme.org/design-challenge) We lost our web designer. Please help us if this is you! + +We are still very open to feedback and suggestions! Also, we still could use more writing volunteers. Please respond in the comments and/or PM me or u/keldoz. + +#Changing the world is what’s at stake! + +#LOCK THE FLOAT! +🦍💕🦍 + +Edit: if not enough responses, I will repost this before giving awards. +My textbook is Principles of Microeconomics by Mankiw. The page I'm referring to is 124. I also just don't understand how the tax burden can be equally divided between buyers and sellers if the tax is only on one of the parties. Is it because supply and demand will move the price to a new equilibrium? If so, how much time does it take to make that move? In the time that it takes to do so, are many people unfairly punished or get unfair gains from the situation? + +&#x200B; + +Edit: Thank you everyone for your responses, I really learned a lot +This weekend I had my first real world crypto conversation. I was out with some friends (we're all in our late 20s, early 30s) and someone in the group made a Bitcoin joke. A couple of other comments about it being a crazy phenomenon were made and I added my two cents as well; something along the lines of "well, the underlying idea is trustless, decentralized currency and I really like that idea in theory. I think the implementation needs to be worked on and they need to work on scaling it to handle transaction volume. But the real innovation is the underlying protocol and all the potential applications of the blockchain." + +Everyone looked at me with a blank stare for a few seconds. They had no idea what I was talking about, but then the questions started coming. Do you have bitcoin? Have you made money? Is it all a scam? What about these new bitcoins coming out, will they go as high as bitcoin? + +I answered the questions adequately, but didn't want to go too deep into the rabbit hole and didn't want to disclose my holdings. I'm the finance guy in the group so I was able to play it off like this was something I had picked up in the workplace. + +Here's my take away summary: + +* American millennials understand very little about economics and how our currency works. It just does and that's good enough for them. + +* All of them had heard of Bitcoin + +* No one in the group (7 people) personally knew anyone who had bought a cryptocurrency + +* Two of them had watched (together) the Banking on Bitcoin documentary on Netflix. They said it went over their heads. + +* None of them were aware of Coinbase + +* They referred to alt coins as "new bitcoins" and only one of them was aware of an altcoin by name - it was Ripple. + +* They had no concept of what a blockchain was or how it could be used for anything other than currency. The idea of industry specific uses cases were completely off their radar. I was asked, "so how do you buy blockchain?" + +* The conversation lasted about 10-15 minutes and by the end everyone had concluded that early adopters had made it big and the window was now closed and everyone else was priced out. None of them indicated that they would look into it more or had any plans to purchase. + +I don't mean to knock my friends, they are all college educated and are very successful in their respective fields (most of them more so than I). They're smart people and we had a great evening together. It just surprised me how uninterested they were. + +According to most of the crypto demographic research, investors are most likely to be college educated millennial males. I'm just not seeing that among my peers. I used to think that crypto would have to go mainstream at the grass roots level before it was adopted by the corporate world, but I'm beginning to think that scenario is less and less likely. + +So after this conversation, I began thinking about bubble talk and market caps and I think we're still very early. This is a new asset class and the sky is the limit. Novogratz said that the herd is coming, but they're still in the distance. I think Ethereum is going to be bigger than any of us could have ever imagined and even when it is, it may still be subject to the linux-phenomenon - everyone will be using it without knowing it. + +Hodl your ETH. Don't let the corporations or anyone else take it from you. You're holding a tiny piece of a very big pie. The name of the game for 2018 is accumulation. + + + + +My parents are both \~60 years old and I'm considering paying for their private healthcare (e.g. BUPA) to ensure (in theory) that they can get the best care in their later stage of live, when it's more likely that they'll need it. + +I don't have any experience of using private healthcare, so was wondering if people who have experience of it could share any information/advice about their experiences? + +For example, rough costs, if they feel it's good value, good and bad comparisons to the NHS, etc. +Hey y'all + +So I've spent the last month or so looking for a new job. I am also in my late 20s with quite a few friends my age. Due to my age and due to my job search, I've noticed that a lot of roles nowadays seem to be contract-based (e.g. a 6 month or 9 month fixed term contract). Whereas, back in the day, roles seem to be much more permanent. + +Has anyone noticed the same and is this a healthy trend for companies/employees in the long term? I've turned down offers because they were only 6 months in length and I don't like the uncertainty. Banks also don't like the uncertainty so are more reluctant to loan you any money. Some contracts don't even pay you for sick days or leave. + +Is there any upside to contract based work? +I understand costs go up from oil going up, higher wages, shipping rates, bad growing etc. + +But not 40% for chicken breast, 30% salmon, 30% bread and 30% for biscuits. + +I believe in profits which is good for our supers etc. + +There does come a point we’re it’s just annoying. Will leave a lot of people not buying items to feed their families and opting for a cheap takeaway. + +It may come to a point we’re it’ll be cheaper for a family of 4 to get hungry jacks, fish and chips etc than to eat a healthy meal. + + +Just my rant. What are peoples thoughts. + +The price increases don’t affect me right now. But a few items that are little treats like salmon I may not buy if the prices of other things go up… +Here's the facts. + +We live in one of the most expensive cities in North america. Average two/three bedroom townhouse here is about 900k. We have finally saved up 15% of a down payment (other 5% covered) and we would love to get into the market before our family expands and before the inevitable interest rate hikes in the new year. + +Most of the holding is in ETH. We're kind of going sideways with price right now but I would still cover the down payment if I pulled today at a recent low (4800cdn). + +My question is, if even 1% of an interest rate hike means an extra $100k on a mortgage, is holding for 6 months to a year to see a possible 10K eth a smart move? Am I basically gaining more crypto but paying more for a house as the rates go up? + +I feel like I'm stuck between a rock and a hard place. A lot of hard work got me to the single goal that most crypto apes hold for, a house, but now I'm finding it impossible to pull the trigger. Also I don't know shit about fuck and she's probably smarter than me. + +Ps: yes i'll make sure to ignore any DMs with great offers on how to double my eth thx + +EDIT: Thank you everyone for your solid advice, knowledge and stories. I didn't expect such a reaction. They say you should always bet against the common sentiment in the sub but today we prove them wrong. I think I know what I need to do now. +My much younger brother in law is coming to visit me for a week and he is very eager to learn and for whatever reason seems to look up to me. He wants to learn more about investing and with my help already has a Roth IRA opened even though he is only in high school. But beyond getting a head start with savings/investments, what other advice might be useful for someone at that age? Like most students he is unsure what he wants to do, and I’d like to help him find what he is good at and what he enjoys doing. Maybe think outside the box rather than following the well traveled path. He’s not trying to “get rich quick” or anything silly like that, but truly wants to work his way up in life. Any advice would be greatly appreciated… + +A little more context: He’s played with drones in school. 3D printing. He’s athletic. Very hands on. Not the most studious. +When Warren Buffett is asked "What is the best thing to invest in right now?" one of his standard answers is "invest in yourself". + +>In a 2017 interview, Buffett made a similar suggestion stating, "Ultimately, there’s one investment that supersedes all others: Invest in yourself. Nobody can take away what you’ve got in yourself, and everybody has potential they haven’t used yet." + +Buffett has also given examples of how he put this advice into practice: + +>by spending $100 early in his life for a public speaking course to overcome his fear of talking in front of others. The investment he made in himself enabled him to both propose to his wife and to sell stocks thanks to his newfound skills. + +He talks about investing in yourself all the time. One of my favorite versions: + +>“Anything you invest in yourself, you get back tenfold,” Buffett said. And unlike other assets and investments, “nobody can tax it away; they can’t steal it from you.” + +This weekend I wanted to see what everyone is doing to invest in yourself. Feel free to share success stories, future plans, or just brainstorms! +You might wonder why Coin Bureau doesn't play adds on their channel. + +How incredibly egalitarian of them, right? + +Wrong. + +Coin Bureau is owned by a company called V3 Digital based out of London. Guess what V3 Digital is? Yep, a marketing firm that tries to maximize traffic for their clients. + +From their website: + +" Your digital marketing strategy is incomplete without content marketing, which is why getting it right is always imperative. Our marketing experts are capable of tailoring content so that it engages your target audience at every stage of their journey. " + +" Growing your followers on social networks will help you increase word of mouth and referrals. We provide social media marketing services that enable you to reach relevant people, increase your following, make connections and drive organic traffic to your website with high success." + +&#x200B; + +Basically, the Coin Bureau channel is designed and curated to manipulate and influence your opinions on crypto for either clients of V3 digital or V3 digital itself. Essentially Coin Bureau is paid to shill the highest bidder. They want you buying their shitty hoodies and t-shirts while they cram misinformation and their agenda down your throat. + +&#x200B; + +**TL;DR: Do not trust coin bureau. Guy is a paid actor who has zero technical knowledge. Coin Bureau is owned BY V3 digital, a marketing firm out of London that shills for the highest bidder. It is an untrustworthy source of information. Know you're being manipulated. Their "mistakes" are not mistakes at all. Rather highly focused and targeted marketing with the intent to manipulate your crypto decisions.** + +edit0: +link to v3 digital: https://v3.digital/ + +link to Coin Burea ToS: https://www.coinbureau.com/terms-of-service/ + +"Coin Bureau is a brand of V3 Digital" + +edit1: from /u/CrazyAsparagus below in comments + +Guy is not the founder or creator of coinbureau. Nic Puckrin, a former investment banker from Goldman Sach's is. + +Proof: + +> "Nic Puckrin is founder of UK-based cryptocurrency news and education site Coin Bureau. He previously worked in investment banking at Goldman Sachs in London." +https://venturebeat.com/2018/07/22/coinbases-big-week/ + +> "Nic is the founder of Coin Bureau and is an Ex-Goldman Sachs Banker." +https://unhashed.com/author/nic-puckrin/ + +Guy majored in English and is literally an actor who even acted in other roles and not someone with previous investment or technical experience. Read: https://www.coinbureau.com/who-is-guy/. At least they are honest about him being an actor. + +**None of this is inherently bad.** What's bad is you have No. Idea. How. They. Make. Money. + +Remember: if you aren't paying for it, YOU ARE THE PRODUCT. +So let me get this straight, + +- Warren Buffet, the king of hodl, is selling a lot of his positions, including banks, and 100% of JP Morgan. https://youtu.be/ZJekc8t0aFo +- Steve Cohen just sold his penthouse, interesting timing, after trying to sell it for 8 years. +- Citadel is executing buy orders through Dark Pools, and selling on the open market, to artificially drive down the price. +- Better Markets is filing a legal brief against Citadel to stop them “from rigging the markets to protect their predatory behaviour.” +- CEO, George Sherman has his contract up for renewal on April 15th (or not). +- GameStop searching for a new CEO. +- (Possible) share recall at some point. +- Shit ton of options expiring this Friday. +- Big Banks release earnings information on April 15. +- The SEC is awaiting to have their new chair nominated. +- Rule 801 and 005 could be passed at any moment. +- The shorts have still NOT covered their shorts. + +Yeah, nothing to see here, move along. + +Post edited for further clarification. +Hi, r/financialindependence. I'm the guy who quit his job in the US in June 2018 with naive dreams of frugally solo traveling the world by air, frugally solo traveling North America via van camper and spending more time with my friends and family in between. + +Background: I'm 40 now, ethnically Chinese guy in Texas. I started working in my early 20s after getting out of grad school. Salary varied anywhere from $70,000 to $130,000 during those 14 years or so. I live in a state with low cost of living and no state income tax, so I knew when I started that I could save a majority of my income if I stayed frugal and resisted lifestyle inflation. I live in the same starter home I bought around 2010 and drive an old Camry. I did a bunch of set-it-and-forget-it buying of large cap US index funds and Berkshire Hathaway and I did some individual buying of large cap bank and technology names before and after the Great Recession ten years ago. + +I spent my first year in Thailand, I accepted a non-paid, volunteer teaching position with a Ministry of Justice program there that teaches English and job skills to low-level convicts and former prostitutes. Click my previous thread below to get a breakdown of my expenses and experiences living in Bangkok, traveling weekends through SE Asia on dirt cheap airfare costing as little as $20 a flight sometimes, the cheap street food and so forth. +https://old.reddit.com/r/financialindependence/comments/bk1rco/1_year_update_38msingle_23_million_submitted_my/ + +My monthly expenses came out to about $850 with free housing. Would have been up to $1,350/month if I got a fancy flat and paid my own utilities, which is still crazy cheap by western standards. That includes heath insurance, eating out every meal, mass transit/taxi fare and spending money for shows and nicknacks. My net worth increased from $2.3 million from when I quit to $2.6 million when I came home from Thailand one year later, entirely from paper stock gains. + +Year 1 went almost 100 percent according to plan. The first six months of Year 2 did, too. I took separate trips from the US to the UK, Spain, Mexico, Florida, New York and Minnesota, all on heavily discounted fares. Because when you're retired, you can take all of the odd-hour fares discounted at over 60-70 percent off, right? I stayed with friends, got cheap Airbnbs or used my hotel points to cut costs. It was great. + +2020 comes and COVID-19 hits. My trip to Taiwan and Hong Kong was cancelled. A trip to Italy soon after, too. Then separate trips to Nevada and Boston, too. My net worth skyrocketed to over $3 million thanks to the post-China trade deal rally and the market assuming COVID-19 is contained. The abrupt, panicked selloff as the world went into lockdown knocked me back down to $2.1 million. Painful, but I rode the Great Recession all the way down and back ten years ago, so I had that experience to rely on to resist panic selling. I've since rode the April/May rally back up to $2.6 million. +https://i.imgur.com/Wg7c74L.jpg + +My current expenses ... I own the house outright so no rent is great. Health insurance is covered by my old employer (while still in SE Asia, I was offered a remote work job by my old boss, like set aside 60-90 minutes a day to answer email and have him bounce ideas off of me. I originally said no but was swayed when told I could get health insurance covered and my 401k matching when I moved back to the states, have done it since. A nice side hustle for a fraction of my old salary.) + +* $480 a month for property taxes and home insurance. That's right, per month. Property taxes are high here, the joys of home ownership. + +* $70 a month for auto insurance, two cars, two drivers. + +* $130 gasoline and auto maintenance. They're Toyotas, maintenance is really easy and the engines will run forever. + +* $220 water, internet and power. + +* $120 a month for four smartphones on a Sprint family plan. Yes, Sprint sucks but it's a great price that I've been grandfathered into for several years. I get a free Hulu sub and a free AAA sub with it, too. + +* $140 groceries. I shop mostly at Aldi and grow several greens and fruits in my backyard. + +* $60 for random upkeep around the house. Replacing a broken sprinkler head, buying wood chips, replacing a broken weedeater guard, batteries, light bulbs, buy a bag of potting soil, stuff like that. + += $1,220/month. I'm not including eating out or going to shows or movies because I'm inside the house all day every day. My $20 gym membership is suspended, I don't want to work out in an enclosed space until there's a vaccine or proven treatment. + +Plans for Year 3 are wait out the pandemic for a vaccine or treatment. Stay home in the meantime. I miss flying. I fully expect flying to be a more miserable experience with less competition and higher prices when is does bounce back. It's unavoidable, I get it. + +I'm still looking at a van to custom build a camper for one to travel to state and national parks in. I've ridden in my friend's Sprinter a few times and I'm now convinced it's too much room for one person. I've also decided that a camper van with on-board water, shower and toilet is unnecessary for me, I can just use a Planet Fitness membership or pay for showers at truck stops or campsites. The custom builds being offered for Nissan NV200 cargo vans with pop-top roofs are intriguing. Would cost about $23,000 for a new NV200, then another $20,000 to $30,000 for the camper build. +https://www.youtube.com/watch?v=VLVcZpmuzMs + +I am also intrigued by the "camper mode" being offered in the Tesla Model 3. It basically allows you to run the car's AC all night without killing the battery, meaning a climate controlled room. The backseat can be folded down and you have a completely flat floor to lie on, with your legs in the trunk of the car. Third-party vendors now sell mattress and bedding kits for you to use to sleep in the back of your Tesla all night, it's amazing. +https://www.youtube.com/watch?v=KjC_ggNqbWA + +Big drawbacks to a Model 3 for a "camper" is the lack of space and the sparse Supercharger network. We'll see, I'm in no rush. $38,000 for the standard range 250 miler. $43,000 for the 320-mile version. +I thought this was a really good article by Forbes about Beyond Meat. Main points: + +* La Croix was a cultural phenomenon a few years ago and its parent company's stock FIZZ shot up 550%. +* Coke, Pepsi, etc. released their own competing sparkling water products. +* Today, FIZZ trades at 66% below its high in 2017, even though sales of sparkling water have increased 22% since 2017. +* Tyson, JBS, Nestle and other food companies are releasing their own plant-based meat products to compete with Beyond Meat. +* The larger companies can release their products cheaper. A Beyond Meat burger costs triple the cost of a regular burger. A Beyond Meat sausage is 70% more than regular sausage. + +&#x200B; + +[https://www.forbes.com/sites/oliviergarret/2019/09/03/beyond-meat-will-crash-when-investors-realize-what-its-really-selling/#637049725ea2](https://www.forbes.com/sites/oliviergarret/2019/09/03/beyond-meat-will-crash-when-investors-realize-what-its-really-selling/#637049725ea2) + +Edit: Thanks for the gold stranger! +I own a business. Its a few ecommerce stores selling niche hunting gear. Ghillie suits, camo netting, firearm attachments being three examples. + +Its me and two employees. They do all the physical work. I sit at home and click a mouse and type on a keyboard for about 2 hours per day. + +Last year I made $250k. +The year before I made $170k. +Before that, $60k +This year so far my personal take home has crossed $350k and its not even july. I should cross $600k this year and I have an entire new store in the pipeline that should keep things moving up even further. + +I'm obviously very happy about this, but my workload from 170k -> now has not changed. I dont do anymore work now than I did at that level. This new store is the only expanding I've done in 2 years. All the growth is just from google rankings and advertising bringing in more and more customers every year. + +I cant shake the feeling that I dont deserve it. I still live the lifestyle that I had when I worked a $16/hr job because I seriously do not feel like this is correct. It feels like the universe made some kind of an error here. I cant get rid of this guilty feeling when I look at my profit at the end of the day. + +I've typed up this post twice and deleted it because its literally the dumbest thing on the earth to complain about. Just want to see if anyone else has been here. Not even going to include my age or any of that info and I really dont want to go into that stuff. +From reading a lot of comments here I can already sense troubles. It will be a repeat of the AMA Goldstein episode. +People already start complaining that she is a defeatist and has no clue why GME is different because she didn’t read any of the DD so she doesn’t know what we know and blablabla + +Obviously she will not be in a position to give many apes the desired “1 gazillion is the floor and squeeze soon” confirmation, because she simply doesn’t know. As well as nobody else knows (unless we do an AMA with Kenny boy himself but I guess he is currently busy with pulling assets to avoid a margin call) + +And of course it can be expected that she will be less enthusiastic about the probability because she knows the rigged system from the inside and she has spent many years fighting against this absurd rotten conglomerate called Wallstreet but to no avail. + +While in general I find it an interesting and valuable opportunity to hear first hand from an insider and expert rather than getting fired up by random DDs from some amateur rookie apes about “secret rabbit holes” (fully respecting everyone who makes an effort to contribute) I’m afraid that this will do not much good again. + +So please apes, manage your expectations, don’t expect the poor woman to deliver something she simply can’t and to just tell you what we all want to hear. + +She will be able to deliver some valuable first hand insights into the DTC and the financial system overall BUT she will NOT be able to give any detailed profound opinion on GME and its squeeze potential. + +So please bear that in mind, remain realistic and respectful and don’t go full ape shit. + +Rest assured she will definitely be happy for us if this GME thing manages to deliver a deserved +blow to the system and for once retail comes out on the fair winning end 🍌 💎💪 +This SP target for MNS is theoretically reachable if their factory keeps expanding quickly now that they've got all approvals and certifications in order. Site for the next 4 GWh already being prepped nearby in parallel to current ramp up and they have existing plans to get to 10 GWh then seek further support to grow to 38GWh (currently at pace for \~0.5 GWh early 2023). SP action can price in expectations of future growth thus such an ambitious target. + +I mean if NVX could hold a $1B market cap for selling a few million dollars worth of TESTING equipment, MNS should have its time in the sun as a $10B company for eventually hitting $100-200m EBITDA in the 2024-25 timeframe with its leading position in cobalt-free high performance batteries. Audacious I know, but that's what I think this sub is about :3 + +&#x200B; + +So if I win this bet, it will take some time to select/purchase the land, plan and grow the logo etc, but I will document the entire process here, and name trees after mods/users that chip in to the cost of the maintenance of these trees; or those who MNS cult follow with me. The latter will get the trees that's part of the sunglasses (minimum holdings $10k principal). + +Maybe I'll even set up a public company to run this operation. We can vote on the ticker to apply for I guess (SAP? GUM?) + +&#x200B; + +And if I lose this bet...**I will take a 2 year ban.** + +&#x200B; + +P.S. and for those wandering about [my last bet](https://www.reddit.com/r/ASX_Bets/comments/kobkeb/if_lrs_hits_20_cents_in_2021_im_going_to_support/)...I still do send money to my Filipino friend's family despite losing my 20c LRS bet. It got to my target price in the end but took longer than my deadline. I won't make this mistake again and sell early. HODL +Throwaway account. + +I'm in my early 40s, NW between $6.5-7M. I safely cleared my FIRE target ($5M) a while ago. My job (Big Tech) has become tedious and bureaucratic. I feel burnt out, bored, and frustrated. + +I'm sitting on about $2M of RSUs that will vest in the next two years (due primarily to stock appreciation), and then I will have a bit of a cliff. + +Do I stick around and phone it in for the next two years? RE now? Look for a different job? + +10 or 15 years ago, I would never have imagined feeling this way. At that point, this was a passion career, and $2M was an unbelievable amount of money. +When I was a child, Rich meant my cousin’s family who used to buy him cool toys, who lived in a well designed house, etc + +Then my idea of rich changed to people who could drive expensive cars, With big Houses (not realising they could be in debt) + +Then it changed to having a high income and having enough runway for 2 years… + +Now for me being rich means being financially independent (34x assets at 3% rule for a risk averse young person like me) + +I am looking for different perspectives and ideas of people here which could be totally different than mine, as it is said, people have different ideas and perspectives about money, some of which can be completely stupid to you but make sense for them… in the book “Psychology of money” +Not enough to retire on, but more than enough to pay of all our debts, and treat myself and the family to something nice. + +With far fewer monthly expenditures once the debts are paid off, 2021 should be a lot smoother. + +Of course, now that I've said it out loud, I'm sure the sky will come crashing down to dash my hopes, or at least I'll get fired before January 1st. Here's to hope. +Listen you fucks, 2 or 3 weeks of green and you're all running like chickens crying in this sub for mental support. Our brothers in r/wallstreetbets have their puts expiring on the 15th and they still have diamond hands. We have it easy, our BBOZ doesn't have an expiry date but you fucks keep selling. We don't lose any money if we don't sell retards, every recession has it's rally and when you see a short squeeze bullshit trap like this you don't fucking sell. I'm starting to think you're all not actually gay. + +TL;DR: This is why we're losing to the Chinese, since you cunts cant hold for more than 2 weeks 🙌💎 +I'm just curious, I know everyone talks about cash flow as a large reason for real estate investing, but what if I'm not using this as a form of cash flow but rather a form of equity? + +If my renter covers my mortgage, home insurance, and taxes, and maybe just slightly over to cover potential unforeseen expenses, isn't that enough? My equity in the home will increase by the principal amount each month (which the renter is covering), allowing me to then later sell that home and return my down payment + the gained equity. + +Sure, I'll be responsible for repairs and renovations, but some of that will be accounted for in the home value to recooperate that cost when sold. + +What's the real downfall in this approach, outside of the fact you could potentially take a small hit during the ownership of the home? +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). +Well I figured it was time for an update! + +OP is [here](https://www.reddit.com/r/AusFinance/comments/nj4ris/are_we_financially_ready_for_children/?sort=new). + +I got a promotion at work and am now on $120k + super and bonus, my wife went permanent shortly after I first posted on here and a bump to $65+ super so will be eligible for the full 12 weeks company maternity leave. + +And the biggest news of all, after 3 months of trying we had our first ultrasound the other day and have not one but two little blobs growing. Twins! (Chuckles, I'm in danger) +Kind of a relief, you know? +When things just keep going up forever you get scared about how bad things are going to be and the more they go up the more you fear to lose. +Having a little balance reaffirms my faith in my positions to have consistent gains and not having me sweat about when I should sell. +* Wutang clan day Nov 9 -- Tuesday. +* Loopring smart wallet made & Loopring layer 2 ready +* Fed board of governors releases statement of Gamestop as systemic risk (is this why Fed Reserve Governor Randal Quarles resigned today?) +* Msm trying to control the narrative that GameStop is a systemic risk because of retail +* Blames apes for reading due diligence online then making their own individual decision to buy a stock they like and holding +* Here they blame DFV for sharing his DD, "communicating most frequently with others with similar interests and views, thereby enforcing their views, even if these views are speculative or biased" +* Msm & Feds basically confirms all the DD (ETF shorted, synthetic etfs and swaps pose risk to mass mutual funds, banks raising bonds to pay debts but are junk) +* Blame social media often referring to Twitter as pumps but never mentioning Reddit (heaven forbid they learn about the vast treasure trove Gamestop due diligence library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg) +* Blame apes as highly speculative and place bets on "options" which pose a systemic risk that can LEVERAGE and MAGNIFY shf losses but are enabled by market makers like Citadel and run by CEO Ken Griffin who lied to Congress under oath but walk freely without repercussions +* Blame apes for buying shares, buying calls and that these 2 things can "amplify losses in a down turn" aka skyrocketing share prices because no more shares to short (ty for DRSing) and data points to a gamma squeeze (u rock gamma girl) +* The gme daily chart cycle is highly ramped up and macd weekly looks great for bullish trend - FIRST time it turned green in weeks, last time it was green BULLISH upside! Check the chart. +* Msm warning of "cyberattacks" but its all good, can chill with oppa +* Now, this is the part in the movie were Vinny Daniel says, "we're not the bad guys here. We didn't defraud the American people and prey on their dreams. They did." + +# 🟣🟣🟣 DONT STOP, CANT STOP, WONT STOP THE DRS FOR GAMESTOP 🟣🟣🟣 + +🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣🟣 🚀 + +Edit: + +# HOLY FUCK THEY PUMPING BTC ALL TIME HIGH AND ETHEREUM ATH --- THE SIMULATION IS BREAKING + +Did someone get margin called today?? Smaller family office? Domino!!! + +Remember the 5th of November? FTDs of T+2 cuz deep ITM calls 🚀🚀 + +Correction, thanks to u/Allmightydohllah: It was the FEDs that released a statement on systemic risk: [https://www.federalreserve.gov/publications/financial-stability-report.htm](https://www.federalreserve.gov/publications/financial-stability-report.htm) + +Edit 2: are we about to get the C.R.E.A.M? u/scooterbike1968: + +Enter the Wu Tang (36 Chambers) was released on Nov 9, 1993. Method Man said in 2013 they wanted to drop what was thought to be A Better Tomorrow, but the Wu Tang backstory around this time and the fact that they were working on Once Upon a Time in Shaolin makes it plausible that this was the album Meth had in mind. Speculative but on this wild ride it fits beautifully. Wu Tang forever. The saga continues…Tomorrow. Or some other day to come. + +# Edit 3: RC just tweeted, "Deciding between two options for my GME shares: HOLD or HODL…" -- sounds BULLISH! + +*cue drums* + +I can feel it in the air tonight + +hodl on hodl on + +# Edit 4: this is the dip before the rip. Jan apes know 💎🙌 RC called it, hold or hodl +TL;DR: Nope, you need to read this, DO NOT use this strategy UNLESS you have read this AND done your own DD. + +&#x200B; + +With the number of people wheeling I thought I might write a post of Synthetic options and how you can use them. + +***What are they?*** + +Synthetics mimic the movement of a different position using a combination of options. i.e. how can you mimic the movement of 100 shares of long stock or 100 shares of short stock? + +***Long Synthetic - Bullish/ Mimic 100 shares of LONG Stock, UNAFFECTED by Greeks*** + +* Buy ATM (can also be ITM or OTM, but it changes several factors, best to stick with ATM for now) Call option +* SELL the corresponding Put option, of the same strike AND expiration +* E.g. Buy the SLV $24 Strike Call (Jan 2023 Expiration) = $4.18 Debit +* Sell the SLV $24 Strike Put (Jan 2023 Expiration) = $4.03 Credit +* Net cost = *Strike Price Plus Debit Paid* +* *(Image includes commission and others, so the net figure is different)* + +&#x200B; + +https://preview.redd.it/89s9vr3agl671.png?width=656&format=png&auto=webp&s=8879feb6b9413b713fcc0306a0f04e2b422e60e3 + +***Short Synthetic - Bearish/ Mimic 100 shares of SHORT Stock, UNAFFECTED by Greeks*** + +* Buy ATM Put option +* SELL the corresponding Call option, of the same strike AND expiration +* E.g. Buy the SLV $24 Strike Put (Jan 2023 Expiration) = $4.03 Debit +* Sell the SLV $24 Strike Call (Jan 2023 Expiration) = $4.18 Credit +* Net cost = *Strike Price Minus Credit Received (or plus debit paid if the case may be)* + +&#x200B; + +https://preview.redd.it/m3qi9k98hl671.png?width=654&format=png&auto=webp&s=cf211ab23481c1e3500db306a63c9595ad9adae1 + +Now, the obvious risk with a Short Synthetic is the sold call leg, thus the P/L chart showing infinite potential loss. + +The easiest way to mitigate this is by buying a LOWER Delta Call to cover yourself in the case of a surge higher. The expiration does not need to be the same as the Synthetic, I would instead buy the expiration that is far out enough that I am comfortable with (in this case Sep 17th 2021). + +&#x200B; + +https://preview.redd.it/5cwug51lhl671.png?width=657&format=png&auto=webp&s=bac0e82a0e60f13916b06b86ed7ebc1a82540ee6 + +***So Why Use Them?*** + +* The biggest strength of stock vs. options is the lack of theta decay AND the fixed delta positioning, the other big advantage is the fact that a Synthetic grants exposure to 100 shares of stock WITHOUT the upfront costs (you are still subject to the same P/L as if you HAD bought the shares, so keep this in mind), this can make the strategy a good way to make efficient use of capital. +* In effect you are opening a 100 share position for next to nothing in opening costs, you will still be subject to the price fluctuations of the underlying (THIS DOES NOT MEAN YOU HAVE NO RISK... THIS MERELY MEANS THAT YOU DO NOT HAVE TO FRONT THE CASH FOR THE STOCK) + +&#x200B; + +***Synthetic Covered Calls*** + +* Remember that a Synthetic mimics 100 Shares of Stock (hence the 100 Delta). +* This also allows one to sell CCs AGAINST their Synthetic stock position, whilst still retaining the protective put (lower delta than the synthetic), this gives a P/L chart like the one below. + +&#x200B; + +https://preview.redd.it/i7l7szepil671.png?width=652&format=png&auto=webp&s=e651d24c8170f9f10ea39471cc464aa12a163a05 + +Below is the overall Greek positioning for the above P/L Chart + +https://preview.redd.it/x4uyvggqil671.png?width=820&format=png&auto=webp&s=4efcc9b4abc1283a7145a1ad13395a8036514b61 + +As you can see, the position is as close to theta neutral as possible (it will obviously vary depending on the underlying). + +&#x200B; + +***Hedging a Stock Position With Synthetics*** + +* Assume for moment you sell a CSP against a stock. +* Assume that the price falls through and you are now bagholding. +* You now own 100 shares below your cost basis, you cannot really sell CCs (yes you can but most people on here will tend not to). +* You can enter a Short Synthetic (-100 Deltas), this offsets your (+100 Deltas/ AKA the 100 shares of stock). +* This makes you delta neutral, WITHOUT the theta drag of puts, keep in mind this will likely (brokerages vary) prevent you from selling CCs whilst the Synthetic is in place. +* In effect you 'freeze' your position and prevent further loses. +* This also makes it much easier to pivot to a net negative delta position (any puts you buy WILL make you net short that many deltas). + +Hope some of you found this helpful, if you did, let me know, if it didn't also let me know. + +&#x200B; + +P.S. I forgot to mention, you will want to set up your Long Synthetic far out in time (similar to a LEAP, assuming you are using it purely as a long exposure tool), because a risk with Synthetics (or any strategy that involves STO options, is the risk of early assignment). By being further out in time, this reduces the likelihood that you will be subject to early assignment (the person exercising the option would forfeit all the time value their paid for the option). + +P.P.S. I will also encourage anyone who is wanting to implement these strategies to start in a paper account (particularly if you are using Short Synthetics to hedge a position), this will allow you to get a clear plan of when you should "Freeze" your positions and when you should "Thaw" them. As with all hedging strategies you WILL have missed opportunities, the real key is that you consistently apply your plan so that you will (should) never be caught with your pants down. +Hi everyone, + +I work as a PM at a large tech company and as part of my job it's important for me to understand major technology trends and tech companies. I put this post together to share some key takeaways I had from looking at Airbnb's S-1 filing. If you found this post valuable and would like to read more please let me know. I'm thinking about writing like this more often if it's something people get value from. Thanks + +On Monday November 16th, Airbnb filed to go public. While a target IPO price has not yet been set, Airbnb looks to be aiming to raise about $3 billion dollars at an analyst-estimated valuation of $30 billion. This is up from Airbnb's most recent valuation of $18.1 billion in April of this year when it raised a total of $2 billion in debt to cope with the Covid-19 crisis. + +Airbnb is a remarkable company. What started in 2007 as 2 friends renting out airbeds in their apartment to attendees of a conference has, 13 years later, grown into a company operating in 220 countries with over 4 million hosts who have cumulatively earned over $110 billion. In 2019, there were 327 million nights and experiences booked on Airbnb. Nobody could have predicted those numbers in 2007. Airbnb has defined a brand new travel category and become a standard part of our vocabulary, much like Zoom. As they state in their S-1: + +>*" “Airbnb” has become synonymous with one-of-a-kind travel on a global scale."* + +But, while Airbnb is clearly a remarkable company, is it a good investment? That’s the question that this post aims to answer. Here are some key takeaways from an analysis of Airbnb’s recent S-1 filing: + +(\****Note:*** *In case you’re wondering, an S-1 is the document that a companies files with the SEC when they plan to go public)* + +1. Airbnb is a resilient business + +The Covid-19 pandemic has had a huge impact on Airbnb’s business. Gross booking value (GBV) in March was down 127%. Due to cancellations and alterations, Airbnb actually lost money on bookings in March. However by August, GBV was only down 14% when compared to August 2019. This impressive recovery shows how strong Airbnb’s business is. + +For the 9 months ending September 2020, Airbnb posted a revenue drop of 32% when compared with the first 9 months of 2019. While this is a concern, the cut to sales and marketing expenditure at the same time points to a business that is quite resilient - In the same time period that revenue dropped by 32%, Airbnb cut its sales and marketing spend by a massive 54%. The ability to cut sales and marketing spend by over half while only having a revenue drop of 32% (in the middle of a pandemic) points to a business that is highly resilient with strong brand and customer loyalty. + +2. Post-Covid travel patterns may benefit Airbnb + +If we compare the gross nights and experiences booked on Airbnb to Airbnb’s gross booking value (GBV), we see an interesting pattern. Gross bookings in August are down 28% YoY while GBV is only down 14%. This means that the average spend on an individual booking has actually trended up this year! To further validate this point, long-term stays were down only 13% this year, compared to 81% for short-term stays. There was actually YoY growth for long-term stays from May to September. The importance of long-term stays is highlighted by the quote below: + +>*“We believe the long-term stays category represents a different use case than leisure travel, and as a result, was not as impacted as dramatically by COVID-19.”* + +Long-term stays are a distinct competitive advantage for Airbnb and if trends continue they could drive a lot of long-term growth. + +Airbnb has also highlighted a number of other categories that have performed particularly well this year. In particular, ‘domestic travel’, ‘short-distance travel’ and ‘travel outside top 20 cities’ have performed very well. For example, short-distance travel grew a whopping 38% YoY in September. + +No doubt these trends will reverse somewhat as we exit the pandemic. However, it is unlikely they will reverse fully. If these trends maintain decent momentum, they represent a shift in travel patterns that uniquely benefits Airbnb and provides a significant competitive advantage. + +3. Strong customer retention and brand loyalty + +One of the most striking figures from the S-1 is that 91% of Airbnb’s traffic is organic, coming from direct and unpaid channels. This is very impressive. Airbnb has built an incredible brand and clearly has strong brand loyalty. + +>*“Our strategy is to increase brand marketing and use the strength of our brand to attract more guests via direct or unpaid channels and to decrease our performance marketing spend relative to 2019.”* + +Customer engagement and retention are also impressively high on the platform. In 2019, 68% of guests left a review of their stay. 69% of revenue generate in 2019 was from repeat guests. + +Airbnb also has very strong retention among their host community. In 2019, 84% of revenue came from people who had hosted in 2018. This shows that the majority of hosts are staying on the platform and continuing to earn money through Airbnb. + +4. International expansion is a big opportunity + +Airbnb’s revenue growth has slowed over the last three years. It grew by 32% in 2019, down from 43% in 2018. While slowed growth is never great, 32% is quite healthy. + +It remains to be seen what the impacts of Covid-19 will be on growth over the next few years. However, there seem to be big opportunities for international expansion which would allow Airbnb to maintain (and possibly improve) its growth rate. + +Airbnb believes that its total addressable market is a whopping $3.4 trillion. While you can always take these predictions with a grain of salt, it is clear that Airbnb believes that a big part of this market opportunity lies outside the US and Europe. They highlight international expansion as a key part of their long-term growth strategy: + +>\*“\****Expand our global network.*** *We plan to expand our global network in the countries in which we already have a deep presence, as well as to expand into markets where our penetration is lower, such as India, China, Latin America, Southeast Asia, and tens of thousands of smaller markets and remote areas around the world.”* + +There are some encouraging signs that Airbnb has the potential to grow their international markets. They operate in 220 countries and importantly, 86% of their hosts are outside the US. International markets have also seen an increase in GBV and average nights per booking. In fact, Latin America has the highest average nights per booking of any region, at 4.1 nights. (North America is 3.7) + +The strong customer loyalty previously mentioned, significant host presence in international markets (86%) and changing consumption patterns towards longer stays means that Airbnb has the potential to unlock a lot of value as they focus on international markets. + +5. Regulation is a big concern + +Regulation is a big risk for Airbnb. 70% of the company’s top 200 largest cities (by revenue) have implemented some form of regulation on short-term stays. For example, London has put a 90 nights per year limit on short term stays for properties without specific planning permission to do so. + +Airbnb make it clear in the S-1 that the evolving regulatory situation is a cause for concern: + +>*“We are subject to a wide variety of complex, evolving, and sometimes inconsistent and ambiguous laws and regulations that may adversely impact our operations and discourage hosts and guests from using our platform, and that could cause us to incur significant liabilities including fines and criminal penalties, which could have a material adverse effect on our business, results of operations, and financial condition.”* + +Airbnb makes sure to point out that they are not dependant on any one city, region or country. For example, the US is the only country that represents over 10% of Airbnb’s revenue. While this may be true, the evolving regulatory environment does not seem to be going in Airbnb’s favour. + +Investment Plan + +*Please note that this is just an explanation of investing decisions for my personal portfolio and not a recommendation to anyone to buy/sell any stock.* + +To make a decision on whether or not to invest in Airbnb, I believe there are 3 important questions to answer: + +1. Does Airbnb have good upside potential? +2. What year should conclusions be based on? +3. What is a fair valuation? +4. Does Airbnb have good upside potential? + +Although there are regulatory concerns, based on the above analysis I believe that Airbnb has strong upside potential. + +2. What year should conclusions be based on? + +The Airbnb S-1 is primarily focused on 2019 numbers. Airbnb believes that 2019 figures are the fairest reflection of the strength of the business. They believe that 2020 is a highly irregular year and that the company will rebound quickly post-covid. Investors should come up with their own conclusion on that but I agree with Airbnb that 2019 is a fair reflection of the business. + +3. What is a fair valuation for Airbnb? + +This is where things get tricky. In some ways, Airbnb doesn’t have any direct competitors to compare against. They are similar to both OTAs (online travel agents) and hotel chains like Hilton but obviously quite different in a number of ways too. + +In my opinion, an interesting comparison is with Uber. While not exactly the same, Airbnb and Uber have a lot of similarities. They are both semi-marketplaces (Airbnb is closer to a true marketplace). Uber connects drivers with riders while Airbnb connects hosts with guests. They have a similar business model in that they both take a % of each transaction on their platform. + +Obviously there are quite a few differences. In particular, Uber drivers are far more commoditised than Airbnb hosts. Uber also has more direct competition (Lyft). + +Looking at 2019 figures for the fairest comparison, Uber is currently priced at roughly 6.33 times 2019 revenue. If we go with the analyst expected valuation of $30 billion, Airbnb would be valued at roughly 6 times 2019 revenue. Uber grew revenue 26% YoY in 2019 while Airbnb grew 32%. + +With all of this in mind and particularly considering that Uber’s model is less defensible, I believe that the analyst-estimated $30 billion valuation represents a very good price for Airbnb. + +What’s my plan? + +My plan is to wait and see what happens on IPO day. If analysts are wrong and the stock pops above $40/50 billion, I won’t be purchasing and will wait to see what Airbnb’s performance is like over the next few months. If the stock settles at or below $30 billion, then I will definitely be adding it to my portfolio. + +What’s your plan? + +Are you considering investing in Airbnb? What did you think of my analysis above? Anything I missed? Let me know your thoughts. + +And please let me know if you found this post valuable and would like to read more. Thanks +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi everyone! This is my first time writing out my analysis for a company. Of course, this is not financial advice and is just my opinion. I know that this post is quite bumpy in some places so please try and give me feedback on how I can improve. Thanks! :) + +# Business Overview + +Trex is a mid-cap company founded in 1996 and has quickly grown to become the largest manufacturer of composite decking and railing products in the world. It operates in 2 segments, namely commercial and residential, with the residential segment accounting for the vast majority of revenue (\~95.2% in 2021). As such, the majority of this DD will focus on the residential segment. + +# Argument summary + +Trex is a high-quality, asset-light business able to generate superb returns on capital while simultaneously reinvesting capital into the business. It has an extremely robust balance sheet and is growing revenue, income and free cash flow at a sustainable mid-double digit rate due to management’s impressive execution of its growth plans. Apart from business growth, shareholder return is also driven by strategically-timed share buybacks. Its industry leading position provides a strong moat in the form of a distribution network and share-of-mind advantage, giving the business significant pricing power. As expected, such a high-quality business trades at a slight premium valuation, but the sustainable growth and profitability the business is expected to maintain over minimally the next 10 years makes it an excellent long-term investment. + +# Financials + +**Balance Sheet**The company has a superb business sheet. In 2021, it had $920 million in total assets, with only $19.0 million of that being Goodwill & other intangible assets. Its assets consist of $401 million current assets (of which an ample $141 million is cash & cash equivalents), and $519 million noncurrent assets. It has no outstanding indebtedness, though it has a revolving credit facility with $300 million available borrowing capacity. In total, it has $195 million total liabilities and shareholder equity of $725 million. + +With such a robust balance sheet, Trex is well-placed to comfortably navigate through the current volatile macroeconomic environment without solvency risks. This is consistent with the Trex’s historical conservative financial position, showcasing management’s financial competency. + +**Income Statement**Trex has had an impressive growth streak for the past decade. Revenue has increased from $267 million to $1.12 billion from 2011 to 2021, at a CAGR of 13.8%. Meanwhile, net income has increased from -$11.6 million to $209 million. + +In the past 5 years, revenue increased from $480 million from 2016 to $1.12 billion in 2022, at a CAGR of 18.5%. Also, income increased from $68.0 million to $209 million, at a CAGR of 25.2%. + +Meanwhile, margins have remained consistently high throughout most of the past decade: 2021 gross and net margins were 38.5% and 17.4% respectively. This is consistent with the \~40% gross and 17% net margins the company has experienced for the past few years. + +With such high profitability, In 2021, ROCE was 33.1% while ROIC was 34.1%. Over the past few years, Trex has maintained similar ROCE and ROIC levels of \~35-40%, even as the balance sheet as a whole has increased notably over time. This shows Trex’s ability to generate high returns on incremental capital, a hallmark of a good business. Moreover, the sustained high returns is a testament to the strengths of Trex’s moats, such that it has prevented competitors from affecting its returns, which is wholly aligned with what Buffett searches for in businesses. + +**Cash Flow Statement**Trex uses almost all of its cash flow from operating activities to repurchase shares and invest in PPE. It does not pay a dividend. + +# Growth & Strategies + +Trex is pursuing long-term sustainable growth through multiple avenues. Namely, it seeks to grow its business through + +* Maintaining / increasing product innovation and quality +* Growing brand prestige & reputation +* Greater coverage of geographic channels +* Lowering production costs + +The first two factors are more qualitative approaches to growth, lacking much quantitative data to justify their existence. However, Trex does have the historical records to prove its ability to grow both factors: both are affirmed through Trex’s product line which has expanded throughout the years, its status as the leading composite decking company in the world, and its perception as the highest quality manufacturer of composite decking in the world. Also, Trex is currently releasing its new generation of Trex Transcend decking, which is its premium line of decking, and cladding, which is largely for commercial applications. + +The other two factors have been approached through Trex’s reinvesting back into the business. Most of its cash flow from operations is being used to reinvest back into PPE for the business (change in PPE / cash flow from operating activities was 61.2%, 97.2%, and 46.5% in 2021, 2020, and 2019 respectively). These investments are primarily used to reduce production costs while simultaneously increasing capacity expansion. Over the past few years, Trex has completed a capital expenditure program at its facilities in Virginia and Nevada to increase production output, and this was completed in 2021. Looking forward, Trex is constructing a third U.S.-based Trex Residential manufacturing facility in Little Rock, Arkansas, and initial production output is expected to start in 2024. The construction of the Little Rock facility takes place in a modular approach, with management expecting to spend $400 million on the Little Rock facility in the next 5 years, and the facility is expected to be able to become Trex’s largest manufacturing facility eventually. This allows for long-term sustainable future growth in revenue, and by extension net income. + +Also, to further generate shareholder value, Trex repurchases shares, though it does not pay a dividend. Adjusted for stock splits, since diluted shares outstanding peaked in 2013, share count has decreased at a CAGR of -2.06% to 2021. Management’s share purchase execution has also been strategic: the share count CAGR between 2019 and 2021 (when valuations were extremely rich) being only -0.443%. Meanwhile, amidst the nearly 50% share price drop in the past year, share count has decreased by 2.07% YoY from June 2021 to June 2022. If prices decline further in the short-term or trade sideways, it is expected that management will maintain the elevated share repurchase rate in the short to medium term. Management’s decision to repurchase shares instead of paying a dividend is affirmation for shareholders as it shows to a certain degree that management believes shares are at least slightly undervalued. + +Trex is also focusing on growing internationally, and has been sold in 40 countries excluding the U.S., and has sales staff in Europe and Australia. It also has ample cash and a management team that has expressed openness to engage in future acquisitions. Moreover, Trex is supported by the large industry headwinds, with *Research and Markets* estimating the global composite decking market to grow at a CAGR of 11.2% to 2027. When coupled with Trex’s increasing market share in the composite decking market due to its various growth initiatives, as well as its cost cutting measures, Trex is very-well positioned to grow profits at a steady double-digit rate in the long term. + +With all these growth factors, Trex has achieved very sustainable, long-term tailwinds for growth. Despite short to medium-term volatility and potential declines in revenues and profits due to a declining macroeconomic situation, Trex’s long-term growth story remains robust, and should be able to maintain its mid-double digit growth rates in the long-term. + +# Moat + +**Moat Types**Trex has 2 moats in the form of a strong distribution network and share of mind advantage. + +Trex has over 6700 stocking locations and has the strongest distribution and dealer network in the industry. It also has 2 national retail merchandisers, as well as 50 worldwide distributors. This distribution network is difficult to replicate in its strength, which prevents competitors from competing in the same geographic scale that Trex does. + +Trex’s share-of-mind moat comes from its industry-leading position in composite decking, along with the high brand prestige and reputation that it has cultivated over the years, such that many people interested in composite decking will turn to Trex immediately. Trex is also maintaining this moat through its product expansion and marketing campaign, with the new 2022 marketing campaign “We See It Too” emphasising Trex’s decks as the foundation for a lifetime of memories. Trex also has the highest search interest in the composite decking category, and hence has more web traffic and exposure for its contractors and dealers, which further increases Trex’s brand awareness, helping to prevent competitors from taking away market share from Trex. + +**Competition**Trex maintains that its primary competition is not other composite decking manufacturers, but wood products. As of 2021, composite decking made up 25% of market share while wood made up the other 75%. Trex estimates that for every 1% increase in composite wood decking market share, there will be +$80 million in annual composite decking sales. This market share is increasing at a significant rate, as composite wood decking market share increased by 3 percentage points from 2020 to 2021 alone. Compared to wood, Trex believes that its decks offer a value proposition as despite the higher initial cost of its products, they can be used for longer periods of time with higher quality due to their lack of rotting, warping, splintering, fading and other unfavourable processes that are associated with wood products. Trex believes that for this value proposition to translate into greater sales, it needs to increase consumer awareness, which it has been doing successfully to a large extent, as evident in the increasing composite wood decking market share. + +# Discounted Cash Flow Valuation + +**Assumptions** +Assuming maintenance capex = depreciation + amortisation, 2021 owners’ earnings = operating cash flow - (depreciation + amortisation) = 204 million. Due to the very sustainable growth rates, I estimate owners’ earnings growth to be 15.0% for the next 5 years, then slowly declining to 5.0% by year 10. I do believe this to be rather conservative due to how sustainable and long-lasting Trex’s growth tailwinds are, and the fact that it has a lot of room to further expand internationally beyond the next few years. + +For the discount rate, I used Trex’s WACC to calculate it (calculated to be 10.4%). This relatively low WACC in the current macroeconomic environment is due to Trex’s lack of debt. + +I calculated terminal value based on both the exit multiple method and perpetual growth method. For the exit multiple method, I assigned an exit multiple of 18x owners’ earnings, and assigned the perpetual growth method a perpetual growth rate of 4.0%. + +**Output** + +|Method|Sum from first 10 years / billion $|Terminal Value / bilion $|Share Price Fair Value| +|:-|:-|:-|:-| +|Exit multiple method|2.57|4.06|$58.57| +|Perpetual growth method|2.57|3.91|$57.24| + +Both of these are lower than Trex’s current price of $45.22 (as of writing), providing a margin of safety of 22.8% and 21.0% respectively, which makes Trex in my view substantially undervalued. + + +DCF Calculation + + +|Year|0|1|2|3|4|5|6|7|8|9|10| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|Owners' Earnings / million|203.7|234.3|269.4|309.8|356.3|409.8|458.9|504.8|545.2|577.9|606.8| +|Discounted Earnings / million|203.7|212.2|221.0|230.2|239.8|249.9|253.5|252.5|247.1|237.2|225.6| + +&#x200B; + +&#x200B; + +# TLDR + +I believe that Trex is a high-quality business compounding at sustainable mid-double digit rates, able to sustain high rates of ROIC and ROCE, and has excellent moats and management. Also, it is notably undervalued. + +# Remarks + +Thank you so much for reading this entire post! What are your thoughts on Trex? Of course, all comments and criticism are welcome. Feel free to share about Trex as well as my analysis. Have a great day! :) + + +Edit 1: Hi everyone, thanks so much for your kind remarks! I've added more valuation details for the DCF calculation above in the form of a table + + +Does he actually go into detail about why he specifically picks earnings yield and ROIC for his Magic Formula? Basically, is it worth buying the book when I can find out the formula online? + +Also, has anyone tried it/tweaked it and what did they think of their results? Perhaps putting stop losses in to avoid value traps running up big losses? +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. +Sup fellow Apes, + +Let me first say I’m a basic AF ape. I’m only 8 months old for goodness sakes. + +I’m out here in the old RV, not able to sleep through the witching hour, melting crayons in my coffee and thinking about our favorite stonk. + +I’m not going to pretend I understand all the ins and outs of the potential ETH NFT dividend. + +But I think it’s outrageous that GME or any other company would have to execute extraordinary measures, 4D chess moves or stick bananas in tailpipes in order for their value to be accurately reflected in the market. What planet are we on (for now)?! + +Please do not mistake my sentiments as a lobby against GME making any such moves. Not what I’m advocating. + +I 100% trust in RC and the rock star team assembled at GameStop. And I imagine the NFT dividend and related technologies are integral to GME’s business plan and future. So again, do your thang RC & Co. + +I’m just frustrated that GameStop can’t just focus on being the best company ever; they’ve got to do that AND consider how to navigate this absurdly corrupt financial landscape and uphold their responsibilities to shareholders. As if the first isn’t difficult enough. + +And I can’t wait to one day sit back and say to myself, “those crazy MFs actually did it.” + +What I’d really like to see is the SEC and GG come out and TAKE ACTION to end all the fuckery. + +Like this: + +“Due to the ungodly amount of synthetic shares illegally created, vote count at xxx,xxx,xxx or more, blatant naked shorting, dark pool abuse and market maker privilege abuse all coupled with GameStop’s beautiful fundamentals including zero debt, movement to S&P 400, solid future and business plan, I am forcing all shorts to close by the end of 2021 to accurately reflect GameStop’s value in the market.” + +Ok so yeah maybe that would never happen. I clearly don’t understand market intricacies. + +But long story short, it should not be GameStop’s responsibility to ensure the company’s value is accurately reflected in the market. + +Power to the players +If you are being told by a family, a friend or some stranger online to buy , please reconsider! It's part of an elaborate scam. If you bought, you best sell it immediately before it collapses. + +This is the fourth time this happens this year. Look at my previous posts about this. + +Earlier this year I posted about a pump and dump orchestrated by a scammer group that targets people through social media (mainly Canadians). This is happening again this morning. I'm posting for the fourth time here as some people have been deterred from buying by finding this post in time. The targeted stocks don't have the attention of the media, so victims can't find any information about it online. My hope is this shows up in search engines for $UTME online. + +I know those subscribed to this subreddit are unlikely to fall for a scam like this but you might know people that would. A lot of victims don't know anything about trading when they are lured, many of them are elderly parents. Check in with the people you care about and make sure their finances are secured. + +If you have been a victim of this scam. Feel free to send me a message if you want to know more about how the scam is conducted. +DM me, I'll message with you, I'll call you, I'll video call you, I'll talk to you until the early hours. I don't mean about DD and why haven't we mooned. This can be scary for Apes who may feel vulnerable. + +Mental health is important to take care of and I learned it the hard way, but I learned it and aquired skills that I use everyday to keep me in check. If anyone just wants someone to listen to them, I'm here. No judgement, just internet hugs, some big ears and maybe a different perspective. + +We are a big family now and I don't want any fellow Ape thinking they don't have anywhere to turn if this whole thing is overwhelming. + +We may all think that everyone just gets off Reddit and spends time with friends and family, but there are people who still feel alone. + +FYI I'm an Irish Ape and our timezones maybe different but don't worry, I got you. + +Positive vibes ✌️🤙🧘🌟 + +Edit: man the response has been amazing! To all the people who have reached out, I will keep responding and any new messages I will respond but I have to get some sleep. 1.30am here but I will respond to each and everyone of you. Know that everything you feel is normal. I hear you. + +And the fellow Apes who have opened there DM's, fantastic! + +To the negative sentiment Apes, I feel you, I understand. There's just Apes who need this and well, Apes strong together. +As someone relatively young and relatively new to investing (28yo, 1 year into researching) I'm feeling quite an internal tug-o-war with regard to which path will lead to optimal returns when building an investment portfolio for retirement. + +Dividend investors swear by DRIPs and the power of compound interest. + +Yet growth investors love to make the case that unless you need the income now, you'd be better off hitching your wagon to growth stocks/ETFS for a chance at much higher returns than dividend or dividend growth stocks. (I'm operating under a 30 year time horizon) + +Is it simply a matter of personal preference, risk tolerance, and time horizon? + +Could the case be made that yes, growth stocks have the potential to far surpass returns of dividend paying stocks, so higher risk/higher reward, whereas dividend stocks are less volatile and would be less risky with a higher chance of safe, respectable gains? + +Ultimately is it safe to say that *there is no wrong answer?* + +Assuming sufficient diversification through different industries, markets, and market caps, is there a case to be made for a clear-cut winner between someone investing 100% in dividends, 0% in dividends, or anything in between? + +Anything wrong with a 50/50 approach? +...What luxuries in life contribute to your overall sense of happiness and wellbeing? I’m genuinely interested in what luxuries you spend your money on that you really really think are worth it. + +For me: + +Having a house cleaner that comes once a week means that my wife and I only need to do minimal housework during the week which frees up time and lowers our stress. + +Being able to travel and take awesome vacations. Not right now for a obvious reasons, but flying first class and staying at really nice hotels and being able to afford to eat any restaurant we want to reminds me why we work so hard. + +Being able to be generous. Picking up the bill at the restaurant. Paying the bar tab. Not thinking twice about buying a gift for friends or family. Taking the family members on vacation with us. It just makes me feel good to be able to do so. + +The general feeling of security. I grew up poor. I had to constantly worry about money through my 20s. My wife and I now now make around 420k per year combined and have taken our net worth from negative 200k to a little over 1 million in the past 8 years. It’s nice to not lie awake at night worrying about bills anymore. + + +No judgment guys. Whether it’s the finest booze, fancy cars, boats, or a private jet. I just want to know how you feel it improves your life. +#Major Edit + +Based on a lot of the replies, I need to clarify something that I failed to clearly state. + +##This is opinion, not fact, and I have changed the flair to "Discussion" to try and make that more clear. + +If GME does announce something along these lines, **they will make it obvious**. What I wrote below is about what I think are *hints at what might come.* I believe these pieces show that GME left options open to be explored, and I am hyped because I previously did not see a workable way to make these sorts of things happen. + +Until GME actually makes something official, don't go buying some crypto nonsense that looks like it might be related. It isn't, you're just getting scammed. Wait for the real deal! Who knows - maybe MOASS strikes without any catalyst at all. + +##I am hyped, I hope you're hyped, but don't waste your money on scams. + +###Original post below: + +Someone, anyone, please rain on my parade. I want to be proven wrong here. Seriously, my body was not prepared for this. + +From a recent GME filing with the SEC, page 16: + +> Any underwritten offering may be on a best efforts or a firm commitment basis. **We may also offer securities through subscription rights distributed to our stockholders on a pro rata basis, which may or may not be transferable.** In any distribution of subscription rights to stockholders, if all of the underlying securities are not subscribed for, we may then sell the unsubscribed securities directly to third parties or may engage the services of one or more underwriters, dealers or agents, including standby underwriters, to sell the unsubscribed securities to third parties. + +Then later on page 17: + +>Unless otherwise specified in the related prospectus supplement, each series of securities will be **a new issue with no established trading market**, other than shares of our common stock, which are listed on the New York Stock Exchange, or NYSE. Any common stock sold pursuant to a prospectus supplement will be listed on NYSE, subject to official notice of issuance. We may elect to list any series of preferred stock on an exchange, but we are not obligated to do so. **It is possible that one or more underwriters may make a market in the securities, but such underwriters will not be obligated to do so and may discontinue any market making at any time without notice. No assurance can be given as to the liquidity of, or the trading market for, any offered securities.** + +The real kicker, however, comes just a tad beyond that. Please indulge a little bit of background text: + +>We may enter into derivative transactions with third parties, or sell securities not covered by this prospectus to third parties in privately negotiated transactions. If disclosed in the applicable prospectus supplement, in connection with those derivative transactions third parties may sell securities covered by this prospectus and such prospectus supplement, including in short sale transactions. If so, the third party may use securities pledged by us or borrowed from us or from others to settle those short sales or to close out any related open borrowings of securities, and may use securities received from us in settlement of those derivative transactions to close out any related open borrowings of securities. If the third party is or may be deemed to be an underwriter under the Securities Act, it will be identified in the applicable prospectus supplements. + +>**Until the distribution of the securities is completed, rules of the SEC may limit the ability of any underwriters and selling group members to bid for and purchase the securities.** As an exception to these rules, underwriters are permitted to engage in some transactions that stabilize the price of the securities. Such transactions consist of bids or purchases for the purpose of pegging, fixing or maintaining the price of the securities. + +>Underwriters may engage in overallotment. If any underwriters create a short position in the securities in an offering in which they sell more securities than are set forth on the cover page of the applicable prospectus supplement, the underwriters may reduce that short position by purchasing the securities in the open market. + +>**The lead underwriters may also impose a penalty bid on other underwriters and selling group members participating in an offering.** This means that if the lead underwriters purchase securities in the open market to reduce the underwriters’ short position or to stabilize the price of the securities, they may reclaim the amount of any selling concession from the underwriters and selling group members who sold those securities as part of the offering. + +OK. That's a lot of legal BS, but it is relevant because it shows that whatever securities are being issued, they will still be traded along rules that seem to be relatively consistent with the rules of trading traditional securities. It does, however, also indicate that there's a certain amount of leeway for the "lead underwriter" to impact the specifics of how those trades can happen. Why is that relevant? + +#Crypto Distribution goes BRRRRRRRR: + +>**In general, purchases of a security for the purpose of stabilization or to reduce a short position could cause the price of the security to be higher than it might be in the absence of such purchases. The imposition of a penalty bid might also have an effect on the price of a security to the extent that it were to discourage resales of the security before the distribution is completed.** + +Reading this, it sounds like GME is discussing their right to issue some sort of potentially transferable security to their existing shareholders, and that there may not even be an existing market for those securities. Plus, it reads like the distribution process will have controls in place that might result in short sellers' positions becoming more expensive. + +Most critically, and most tactically awesome: this isn't a compulsory program. Nobody is *compelling* the brokers to participate in this, but it sounds like "the distribution" won't be complete until all shareholders get their portion of these securities. + +Link to the relevant portion of the Prospectus here: + +[Prospectus](https://gamestop.gcs-web.com/node/18961/html#supprom192873_27) + +**TL;DR** + +This sounds like GME is discussing the creation of a new crypto market, where every shareholder is entitled to some number of "coins" based on their stock positions. Brokers don't have to participate, but it sounds like there are some steep penalties for brokers on the crypto exchange until every shareholder gets their distribution. To my addled brain, this sounds like it creates a race to cover - the faster you get in, the more likely you'll be able to cover your short positions at a reasonable price. + +If I am wrong, please tell me. I want to understand, I don't want to spread nonsense. + +#ELI5: + +It sounds like GME is creating a new crypto currency to give to shareholders, and they're making sensible rules for how that currency is traded. These rules sound like they'll cause the crypto currency to squeeze as soon as the market opens, but then the market will find stability once the shareholders get their fair share. + +#ELIA: +Your shares get you GMECoins. GME coins squeeze. Apes get paid. Hedgies r fuk. + +EDIT1: + +Shout-out to u/ShartLadder - Thanks for pointing out the dividend discussion! +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. +Should you drip all dividends? + +Or should you put the dividends into brokerage to build for the next buy? + +Pros and cons of both? + +Poll on what folks in here do. +I understand CC rewards and credit scores are not the cornerstones of personal finance. But this one is personal: + +As a freshman in college, I found out my parents took out credit cards in my name and maxed them out. It was a shit show. However, while they did something terrible I understand their reasons (survival -- they were hopeless). This left me with $3,000 dollars of credit card debt. During undergrad and grad school, I could never pay these off and kept sending $50 to the banks each month just to keep them from going delinquent. Sometimes, I missed payments. + +In another post, I explained how after grad school I was able [to pay off all my debt and raise my score from 590 to 705 in half a year](https://www.reddit.com/r/personalfinance/comments/54qsmw/this_summer_i_paid_off_all_my_cc_debt_raised_my/). Hallelujah! + +So I started doing what I always wanted to do: use credit cards responsibly. Moreover, **I was on a mission to earn the money back that I had to pay in interest all those years.** I closed most of my old cards as they also had annual fees and no perks but kept my Discover card. I was able to upgrade it to Discover It immediately and start earning a percentage back. I was surprised only a couple months later when I got a pre-selected letter for the Citi Double Cash Back card. I signed on. I also became an avid fan of [NerdWallet](https://www.NerdWallet.com) reviews and other blogs about the best rewards cards and how to use them wisely. + +Here's the breakdown of my crusade: +----------- + +[Discover It](https://www.nerdwallet.com/card-details/card-name/Discover-It) ------------------------- $147 -- % back. + +[Chase Freedom](https://thepointsguy.com/2016/04/chase-sapphire-freedom-unlimited-power-duo/) --------------------$313 -- Worth in points. Signup bonus + % back. + +[Chase Saphire Prefered](https://thepointsguy.com/2016/04/chase-sapphire-freedom-unlimited-power-duo/) ------------$600 -- Worth in points. Signup bonus + % back. + +[Citi Double Cash](https://www.nerdwallet.com/card-details/card-name/Citibank-Double-Cash-Card) --------------------$350 -- 2% back on everything. This is my catch-all card. + +[Hilton Honors](https://www.valuepenguin.com/hilton-hhonors-credit-card) -----------------------$400 -- [Value of 80k points](https://thepointsguy.com/2017/06/june-2017-monthly-valuations/). Signup bonus. + +[Bank of Amer Cash Rewards](https://www.nerdwallet.com/card-details/card-name/Bank-of-America-BankAmericard-Cash-Rewards-Visa-Signature) ------ $150 -- Signup bonus after spending $500. + +Amazon store card ------------------$40 -- Signup bonus. I wanted to pre-order Destiny 2, sue me. + +Chase Banking Account -------------$200 -- This wasn't a CC but I got $200 for moving to a Chase account. + +------------- + +So that's where I stand right now. It's important to note that I always pay my credit cards in full each month. And while I know my credit score could be higher if I was letting my average credit history grow, I'm happy with it in the 700s at the moment. I imagine soon I'll end this crusade and cancel the sign-up bonus cards. At that time, I'll cozy up to my Double Cash Card and spend a life together. + +------------- + +**edit** + +1. I've gotten some messages that I'm likely just letting my spending creep up to meet these goals. This is *absolutely* something people should try to avoid. Personally, I track my monthly spending for each category and set goals of what I want to spend in each per month before looking for CCs. This helps me avoid spending more just to make a reward bonus. + +2. Bank bonuses! I forgot to mention I switched to a new bank for a $200 credit. Haven't spent a dime there either, just needed to set up a direct deposit with Chase. + +**TL;DR** I spent years in CC debt due to my parent's fuck up. I paid them all off finally a year ago and have comitted to being a wise CC user. Without increasing my spending, I started taking advantage of every CC signup bonus, CC % back, or checking account signup bonuses I could to get that money back. +Surely politicians know this will not end well right? Either you end up with massive inequalities in Australia (and the social instability comes with it) or it has to come down eventually, creating even more economic problems than you have tried avoiding by popping it up. What do you think is the end game here ( in a 30 year time frame)? +I’m closing on a home in two weeks that I am purchasing for $480,000. I am putting 5% down equating to $24,000. I plan to stay in this home for 10-20 years. If I went by the suggestion of reddit and many others I would be foolish to do this and should wait until I have enough money to put down 20% to avoid paying monthly PMI. To get the 20% on this house I would need $96,000. The cost of my PMI equates to $1092 per year ($91/mo). + +I fail to see why waiting 5-10 more years of scraping by to save $96,000 to avoid $1k per year is reasonable. That’s ignoring the fact that in 5-10 years that same house is worth way more than $480,000. What am I missing? + +Edit: A handful of folks have speculated so I figured I’d add more of my specific context. + +This is my second home. My first starter home I lived in for 5 years and I earned ~$100k in equity on that house. So, yes I could put a bunch more down than the $24k I’m doing. I choose to do 5% down and pay off my car $7000 and my wife’s student loan $7000 to leave me with no other debt. It also gives me a healthy emergency fund. + +The monthly payment is about 29% of my take home pay. If I bought something closer to 25% or less I’d be in a home that would need lots of repair or work and would be too small for my family of 4 (maybe 5 someday) to live in. My income will grow by 15%-20% in next five years quite easily also. I chose to buy a house that gave me what I needed now and in ten years so I didn’t have to go through the whole process again in 5 years when I out grow a different home. + +I bring this whole thing up because if I listened to the 20% advice before I bought my first home I would have probably just barely been buying my first home. I’d have missed out on the $100k I earned on the home. Yes, I understand I was on the fortunate end but I don’t see why I should act in fear now. This is a long investment in my family and our quality of life skyrockets with this home. Just seems the shaming of folks isn’t fair when there’s so much more context. +Background: We own 4 rental homes in Phoenix area (2 in Gilbert, 1 Queen Creek, 1 Maricopa). I am also licensed in AZ, but mainly to manage my own properties. + +Things have turned so crazy in the housing market here that Open Door is offering close to or even more than listing on the MLS. (I am not affiliated with them in anyway). + +My good friend here listed a house in Queen Creek on the MLS and open door. The overasking offer from MLS was $390k and OD offer was $408k. + +I just did a OD price request on a Maricopa rental and it was $12K more than what the comps show. + +Who is buying all these houses from OD or is it REIT money ? OD always offered much less $$ when buying and suddenly they are paying way more. It’s crazy. + I can’t stop talking about Mello Token… these guys just keep making legitimate progress and it is starting to truly blow my mind how they are still so low cap. + +Two great updates: +Legal entity formed! +Preview of the Casino site was leaked! + +This link will show you what the casino is going to look like! [https://drive.google.com/file/d/1iibWWNLf0EZbVMfdj62kLKUAJPlvO7Zz/view?usp=sharing](https://drive.google.com/file/d/1iibWWNLf0EZbVMfdj62kLKUAJPlvO7Zz/view?usp=sharing) + +Mello just released breaking news that their business registration under the name “Mello Casino” has officially been processed. Here’s what they posted on their Discord and telegram: + +“BREAKING NEWS: LEGAL ENTITY FORMED + +The Mello Casino legal entity is officially registered in the Dutch-Caribbean island of Curaçao! This business registration is huge for Mello… but still just the beginning! + +This business license describes our company’s purpose: “to organize, market, promote, manage, support, and operate all types of remote gaming activities, comprising all types of games, betting, and other operation of betting exchange, interactive casinos, … and other interactive games… the company has the power to perform every act and thing profitable or requisite to the accomplishment of its objects…” + +To see it for yourself, head over to this link and search the registry number: 157246 + +[http://www.curacao-chamber.cw/services/registry/search-company](http://www.curacao-chamber.cw/services/registry/search-company) + +This really allows us to fully open up our marketing plans… get ready for some incredible things coming soon (from Mello Labs in particular)” + +KEEP. IT. MELLO. + +(I’ve noticed they tend to put out news on discord and telegram before anywhere else.. so you may want to join to get out in front of the big pumps in the future) + +What really amazes me about this team is how quickly they pump out news.. I went to the link for the Curaçao business directory and searched the registry number and it literally says it was finalized today, May 11th. + +The more I looked at the post after seeing that, the more amazed I was that they had put together such professional artwork for the announcement (check it out on their twitter u/mellotoken), as if they already had it prepared in advance.. it just makes me wonder what ELSE they already have waiting to be released that they can’t yet.. I wouldn’t be surprised if they’re secretly almost finished with this ‘version 1’ Mello Casino they keep talking about. + +PROUD MELLO HOLDER HERE… Jump aboard if you’re smart + +Pancake Swap V1 CONTRACT ADDRESS: 0x651bfbb26455294408aabc61a7adf427bf149898 + +Website: [https://www.mellotoken.com](https://www.mellotoken.com/) +This may be naive of me, but I really don't understand it when I read posts on other subreddits about people who are "barely getting by" on 50k+ per year. I understand that it depends on where one lives, financial emergencies, children, etc, but I'm having a hard time wrapping my mind around this mentality. I'm currently a graduate student living in the US making about $18k a year before taxes and I'm honestly more comfortable now than I was growing up and living with my parents. I may not have the nicest things, but I don't have to think too hard about going to a movie with friends every once in a while. If I need a new shirt for a conference or interview, I can afford it. I eat fresh fruit and vegetables every day when they're in season. I can even afford the occasional long weekend in the mountains if I plan ahead and ask for overtime to make up for it. Life is comfortable. If I made $50k a year, I imagine I wouldn't have many worries. Is lifestyle creep really that insidious to make people believe they're living in poverty when they're not? +What do people think about this? Going to have a negative impact to the markets on Monday? + +It certainly can't be good for green energy stocks as it was the only real opportunity for helping that industry. + +https://www.rollingstone.com/politics/politics-news/joe-manchin-build-back-better-joe-biden-1273873/ +(If that title made you want to strangle a rich people...then you know exactly where I’m coming from) + +You know all those videos where they’re like “I ATE LIKE A POOR PERSON FOR A WEEK: HERE’S WHAT HAPPENED!!!” Those people have no idea. $5 a day? Try $2-3 a day. With a $20 grocery budget (and that’s being generous!) I can manage sandwiches, pasta, canned vegetables, and lots of ramen! But any time I try to get cute and make a real healthy meal (I make a mean stir fry!) that just means I get that one and ramen for the rest of the week. + +Keto? Heck no. Carbs are literally the cheapest food item on the market. Of course I’m going to stock my pantry with ramen. Of course I’m going to make Mac and cheese a staple meal. The same goes for most other diets. + +So am I trying to be healthier? Yes. Am I going to lose weight? Probably not. I can exercise til my legs fall off but at the end of the day it’s still spaghetti for dinner and cereal the next morning (Cheerios. Store brand.) + +If you’re one of those people living on the edge of your paycheck trying desperately to scrape enough out for groceries, I get you. You aren’t alone. We’ll carb load together. I’m gonna go eat a bowl of ramen. And I’m gonna use the seasoning! Judge me, I dare you. + +And by the way. Because I average a whole $700 a month income (which is almost EXACTLY enough to cover my major bills) I only get $15 a month in food stamps. So yeah... + +Update!!! +Wow um....hello guys. I really didn’t expect this level of response...from being called a fucking idiot (might be!) to the very informative helpful ones about how to live on my budget (Thank you!). Also just because I mentioned carbs are the cheapest doesn’t mean I’m not eating meat (thank you to that message who told me to eat som fucking protein!) + +So some clarity: + +My income before taxes is $800. That means after taxes (sometimes different because of hours.) I make between $650 and $700 a month. I’m pretty sure our food stamps program is one of the worst (at least I feel like it is.). The most you can get as an individual is just under $200 a month. If you make as much as I do (which is coincidentally the max a person would get on SSI disability) then you either qualify for very little or no food stamps. + +I live in SC in a very small middle of nowhere town. There is ONE food pantry run by many churches and they’re weirdly strict about who gets food. You do have to qualify for food stamps to get food from them (Don’t get me started on how stupid that is.) and you have to go on a certain day and time. There are a few other food pantries out of town (30-40 mins away.) and I have gone to them a few times but tend to work during their food five away hours. + +As for why I would settle for my income, I am entry level in the field that I want a career in. I am the very bottom level and am working to take the classes and get the certifications I need to climb the ladder (as it were.) I do still perform on the side as a children’s story teller and that gets me some extra cash around the holidays. + +Rent in my area (1 hour radius) is anywhere from $800-$2000 a month. I am fortunate enough to live in a low income apartment that is subsidized by the government. This allows me to live on my own in a small apartment community while I work and try to get the education I need. + +I believe I saw one comment about it being Easy, healthy, and cheap. Pick two. I confess I often pick cheap and easy. It’s not an uncommon choice for sure but I’m in total agreement that in order to make it cheap and healthy there’s a ton of time and means involved (both of which are slim at the moment!). I am working on getting to that level. Which is why I appreciate the links to some of the blogs and YouTube channels people have posted. + +ALSO I think it’s worth saying that I in no way think that I’m doing everything I can to lose weight. I recognize that I should work harder at it, burn more calories, etc. I do not see myself as some pitiful helpless human. I know there’s more work to do and with my current situation, I am doing my best to make it work. + +All in all this was really just meant to be a rant about how much I can’t stand the videos that portray someone trying to live on my budget. I wish to God I could make a video that was like, I ATE LIKE A SIX FIGURE EARNER FOR A WEEK! HERES WHAT HAPPENED! XD + +Thanks for all the supportive comments, discussions and the silver! +I have been having an absolutely shit house month. From minor colds and flu's that just never fade to massively interrupted sleep schedules, to rain damage causing thousands of dollars of property damage (and a bunch of fucking work for me digging drainage trenches to protect shit), to a death in the family, to my previously very reliable car shitting itself in a mysterious fashion at the worst possible time. The saying is "It never rains but it pours" and I am waiting for this fucking shower to end. + +I have spent more money this month on unexpected expenses then I spent in the last 6 months on day to day living. Churning through my emergency fund at an alarming rate. I have been missing work to do things that cost me money. Losing out on the paycheck AND not earning anything at the same time. But if this shitshow had of struck in the middle of 2020 I wouldnt have had an emergency fund. I was 100% all in on the ASX. I would have had to sell stocks like VUL and BPH and BUY and BRN before they went mental and actually made me money. The point I am making is that it's not a bad idea to have some money set aside in case things go to shit. Because things tend to go to shit unexpectedly and it's often not just 1 or 2 things but a whole fucking bucket load. + +So if you find yourself living paycheck to paycheck because you are going all in every week it might be worth putting some money aside in an emergency fund. Instead of buying in to whatever is getting shilled spending some time doing a bit more research into various companies. If you dont know HOW to research then spend time learning how, especially before you throw your money at another dodgy penny stock. Things have been shit for me recently but I am doing much better then I would have if I ignored the lessons i learned in 2020. + +Don't FOMO, have some emergency money, dont take advice from randos on the internet. +Today is my cake day and I am turning 20! I know these nexts 10 years are incredibly influential to my future. I would like to hear your answers and I am sure many lurkers that will soon turn 20 would also like to hear what you guys have to say. Thanks! +Cohen just pulled off one of the most amazing plays of this whole saga. Basically, he’s telling retail that it’s on retail for how long to hold during squeeze, that they won’t partake in the squeeze and none of those 3.5 million shares will be available later for shorts to cover. They did this by using their enemies as allies, sneaking shares into the market and making everyone think, including the various shorting entities, that it was shorting keeping the sp down, that the short strategy was working. Shorts weren’t covering during that time, they’ve proven they’ll fight to the bitter end, which means most of those shares went to retail or longs at a discount. Now gme is cocked and locked to go out there and make a huge acquisition, or can also use that money to buy up shares if sp dips too low from short attacks (filing recently came out about their right to purchase shares from time to time as they see fit) or can offer a dividend if it comes to it. They have $ options, all of them terrifying to shorts, and they barely diluted the float. What a play! +https://www.bloomberg.com/news/articles/2021-01-08/biden-calls-for-quick-pandemic-relief-minimum-wage-increase + + +This is going to be interesting. On one hand, it may not pass due to Joe Manchin, but I think Biden will be proposing a $2-$3T stimulus this Thursday. He also supports another round of checks but this time for $2k. Based on the numbers, $400b of the “trillions” in stimulus is just on the $2k checks. + +Rumors are he will also throw in a lot of clean energy and EV subsidies in there too. Possibly in the tens of billions. + +Bull market 2021? +Not many people are going to like this advice, but please be careful with your money as we're currently in a crypto bubble, and think before investing, don't just look at yesterday growth to make your decision. + +Why we're in a bubble, you ask? Because there's a ton of coins at the moment, and the majority have been going up crazily for a few weeks/months (since BTC started growing like crazy months ago). + +It's fair to assume that the vast majority of these coins are either scams, PnD schemes, or won't simply stand the test of time. So why are they all growing 50% a week? Because it's a bubble and even grandmas are starting to invest in this gold rush. You see SuperCoin5000 has gone from $0.01 to $15 in 2 weeks and think it's the next Bitcoin. It's probably not. + +Read up the whitepapers, re-read them until you understand what's going on, read up on all criticism you can find online, read the dedicated subreddits with a lot of salt, think "would I use this coin for some practical purpose?", and then make your decision. You'd probably pick a couple coins, and ignore most of them. + +And, super cliché, don't invest what you're prepared to completely lose. + +I'm not going to give any advice on which coins I think are best. Just use your brain. +“The rich get richer and the poor get poorer” + +What kind of investments do they do to win and profit off an UPCOMING economic downturn? Thinking of 2008 and the Great Depression specifically, or any time the rich got richer and the poor got poorer. I’m wondering how… + +Do they hoard on gold first? Buy real estate? Buy competing businesses? Increase their debt as leverage? + +I watched a few videos on this subject, seems to be all over the place. Not looking for a secret formula, but maybe an explanation of what you think and why. + +I read about debt. Some of the “winners” bought a bunch of properties to amass as much debt as they could, so that when a recession would hit, they’d end-up paying so much less. But then my question is, if before a crash properties are super inflated at the start, does that mean they purchase huge amount of over valued properties on debt hoping for it to crash? How does that even make sense / work if you can’t even pay the mortgages? + +My gut says I should be doing at least one of the above in the coming months… +https://www.cnbc.com/2020/02/11/32-percent-of-workers-run-out-of-cash-before-payday.html + +These are just some of the many ways many Americans are making it work when money is tight. For about a third of Americans, this is a regular financial stress, with 32% running out of money before their next paycheck hits, according to a new survey fielded by Salary Finance of over 2,700 U.S. adults working at companies with over 500 employees. +For those of you invested in ARK and deciding what to do, its important to know that ARK is in a really tough position. + +ARK funds have holding in which they own a large percent of the outstanding shares of a company. This is exceptionally irresponsible from a risk prospective. As their net outflows have turned negative, they have to sell. When you sell as a significant shareholder you further depress the price leading to a vicious cycle. + +I hear some people say that ARK funds are down because TSLA is down ... Part true. But what about ARKG why is it getting murdered ... It's in part because they are a significant shareholder in many of the biotech companies in their fund. + +Here's a link where you can do your own research, the numbers all appear to be biased downward but are directional right. + +https://cathiesark.com/ark-is-a-small-shareholder-of-these-companies-in-arkf + +Good luck! + +Edit: Guys and Gals, those of you saying things like ... I don't buy ARK for risk Mgmt or not worried long-term .... Are completely missing the point. You buy ETFs to mitigate risk not increase it. In extreme, ARK's practice will lead to a fund with more risk then many of it's underlying holdings. +2020 has been the year of ETFs (in addition to being a year of a lot of other things). Index-based passive, low-cost investing is really being questioned for the first time in the decade by skeptics who have long argued that passive investing misallocates precious funds by discounting future innovative/disruptive potential by solely focusing on their current size. + +I am also a 2020 convert: from being a passive-only investor to a combination of passive (smaller %) and active (larger %) as I have watched Cathie Wood's interviews. Let's build a list of most popular ETFs in this sub so that others can research on them before investing. + +My favorite ones are: + +1) Invested in all ARK ETFs (K, FGQW) + +2) WCLD + +3) JETS + +4) Still deciding between ICLN, PBW, QCLN + +5) Recently came across QTUM, FIVG, BATT, BTEK, GINN, BOTZ. Yet to research on them. + +6) Also invested in QQQ, QQQJ + +7) Combination of VGT, VOX, VCR to gain exposure to all FAANGMs + TSLA. + +Please list your favorite ones. +> Chinese stocks fell sharply on Thursday as heavy selling in the energy sector and worries about the levels of borrowing in the stock market added to broader concerns over growth and the global sell-off in equities. + +> The Shanghai Composite index closed down 2.9 percent at 2,486.42, after hitting its lowest point since November 2014 on Thursday morning. + +https://www.cnbc.com/2018/10/18/china-stocks-plunge-amidheavy-selling-in-the-energy-sector-and-growing-worries-about-the-economy.html +Fellow apes, this is quite simple. I see a lot you getting too emotionaly involved and overreacting to everything. The DD is out there. It is clear. It is solid. It is the easiest play that I could imagine. Buy, hold and wait. Price doesn't matter. + +We know instituional holders have 100% of the float. We know retail has probably another 100%. We know they have been naked shorting and there are more than 200 million shares in circulation. We know they are manipulating the price by directing the buy volume to the dark pool. We know they have to cover. We know they are fucked. We know that everything points to GME mooning and the overall market crashing. We know that even if nothing happens GME has become a raw diamond company under Ryan Cohen leadership and it is naturally worth a lot more than it does today. + +I repeat, the DD is fucking solid. Who cares 10.000, 100.000, 1.000.000, or 10.000.000. Use your own judgement, read the DD and trust and listen to no one. Decide what is your play, buy, hold and relax. This is the opportunity of a lifetime. A lot of dominoes have to fall. We ride the rocket until it is over. At least that is what I'm doing. + + 💎🙌 +I mean we should be a community and help each other. I say ‘should be’ as everyone here is suspicious that all posts are just to farm moons...and that’s quite hilarious...one cannot ask a simple question (on this subreddit - because of moon farming) and he is beloved to be a farmer...the war on moons 😂🤪😂. + +By the way I give moons to every post just because, as I said before, I’m happy if you guys can fix your lives. Even to the moon-farmers, I can’t care less. + + That’s it. I expect a lot of downvotes and crazy comments (like: “this is what someone who’s looking for moons would say”...well think what you want and simply do not give moons if this is your thoughts, I don’t even know what to do with moons. I have eth, btc and I’m DCAing...so...). + +Sorry about my English. +Look at the price chart for Walmart, Costco and Kroger, then compare them to the price chart of Tesco, Sainsbury's and Morrisons. + +One can't help but notice the extreme difference in how the stock has performed. The 3 US supermarkets price has been climbing nonstop basically for the last decade. The UK counterparts on the other hand have been stagnant as hell for the last decade, trading sideways or in some cases straight down (Sainsbury's), so why is this? + +Why can Walmart, Costco and Kroger' stock price continue to grow but our similar stores are dead as fuck? You can't use the population as as argument because that's relative, the UK population is growing too so if the price is somehow related to population growth then our stores should also be going up, but they're not. + +What is it that those 3 US stores do better that we don't? Its not like Tesco is doing amazing but Morrisons is doing poorly because of some reason... All three of them are doing terribly, equally (OK Sainsbury's is a bit worse). + +And the reason I used those 3 is because those are our only publicly listed supermarkets, if you exclude spin offs like Marks and Spencer which is doing terrible as well by the way. + +This is a serious post, I want to know what our supermarkets are doing so wrong and what US supermarkets are doing so right. +Debunked? - the company has RadioShack in their portfolio for god sakes - this is a bad shop - and I bet when it all collapses they are gonna get in trouble - I sent info to the doj and fbi on them - we’ll see what happens - + +If you reached out, stuck your neck out for me thanks!!! I can’t post, comment or go to messenger while I’m suspended - I appreciate the support - + +Sorry to cause any confusion I was suspended - not banned - I didn’t really know there was much of a difference - sorry to cause drama - + +This whole system is so corrupt - I’m holding forever - + +5:03 pm 3/10- last point - a sr secure loan needs something to secure it - that’s why it’s called sr secure loan - if handil did not own TCS then what secured the loan? Is the loan still secured to tcs ? Then who pledged it??? + +Definition - Senior secured loans are debt obligations generally issued by non-investment grade businesses. These loans are usually “secured” by a company's assets, and are typically used to fund a company's growth or cover general operating expenses. The borrower is the company itself, not a bank. + +The loan was never secured - it’s fraud - I stand by my analysis - even with the ball shit low level information I have to work with - + +8:49 - march 10 - Response to BadASSTRADER - the issue is this - BBBY owned TCS when the loan was originated - if you go and look at the loan today its backed by TCS - but the assets were not Handils assets to pledge - thats why it's fraud - straight up - Pathlight, issued a loan to Handil against TCS assets, but Handil did not own The Christmas Tree shop when the loan was written - It makes the loan no good - + +The Christmas Tree Shop was still on BBBY's books - the press release even says this - it says that BBBY is selling CTS... They were not Handhil's assets to pledge - the loan is no good - + +"Bed Bath &amp;amp;amp; Beyond has entered into a definitive agreement to sell Christmas Tree Shops to Handil Holdings, LLC, including all 80 brick-and-mortar locations and a Middleborough, Massachusetts distribution center. Handil Holdings, LLC expects to continue operating Christmas Tree Shops as a stand-alone retail brand." source - [https://www.bizjournals.com/bizwomen/news/latest-news/2020/10/bed-bath-beyond-sells-christmas-tree-shops.html?page=all](https://www.bizjournals.com/bizwomen/news/latest-news/2020/10/bed-bath-beyond-sells-christmas-tree-shops.html?page=all) + +BOSTON, Nov. 18, 2020 /PRNewswire/ -- Pathlight Capital LP ("Pathlight") announced it is serving as the Administrative Agent on the recently funded $180 million Senior Secured Credit Facility for Christmas Tree Shops ("CTS" or the "Company"), a brick-and-mortar discount retailer with a focus on seasonal products at a value price point. source - [https://www.prnewswire.com/news-releases/pathlight-capital-agents-180m-senior-secured-credit-facility-for-christmas-tree-shops-acquisition-301175932.html](https://www.prnewswire.com/news-releases/pathlight-capital-agents-180m-senior-secured-credit-facility-for-christmas-tree-shops-acquisition-301175932.html)f + +The $180 million Facility, which was completed and funded on November 12, 2020, **will be used to finance the acquisition of CTS by Handil Holdings, LLC** and provide additional liquidity for ongoing working capital needs. + +the press releases even say that "the funds will be use to acquire CTS for Handil... I mean... you don't see it??? + +[https://www.reddit.com/r/Superstonk/comments/tax5i3/counter\_dd\_the\_problem\_with\_udilkmud0002\_s/](https://www.reddit.com/r/Superstonk/comments/tax5i3/counter_dd_the_problem_with_udilkmud0002_s/) + +and for anyone else - you cant create a loan thats backed by assets you are purchasing - wtf is that honestly???? The Loan was never backed - much like every other part of this fraudulant system - + +Nickel market opens tomorrow and thats gonna cause issues - MOASS incoming!!! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +March 10th - 7:17 update - account suspended - i can still edit - We are close Apes... remember to DRS!!! Ill be back after my suspension \*changed from Ban... Keep digging... thank you for the awards!!! + +Pathlight Capital used a fraudulent loan to acquire CTS - My other post had 80pct of the content removed - My account is suspended... Ill be back in 3 days... stay strong APE FAM!!! + +the loan for $180 million is still out there today - Handil Holdings LLC, pledged The Christmas Tree Shop but did not own the assets when the deal was done - where was the BBBY CEO in all of this? Did Columbia Consultants send other clients to Pathlight??? + +The loan is fraudulent. + +&amp;amp;amp;#x200B; + +[RC led me here... ](https://preview.redd.it/5jlgwdhy4hm81.png?width=598&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=4143ea527ec115da61c0286d769e85b47c5011fb) + +[https://preview.redd.it/hfyu4iej4hm81.png?width=859&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=7ba8ed133b0d1ab0b28be5ffba9702ed563a0098](https://preview.redd.it/hfyu4iej4hm81.png?width=859&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=7ba8ed133b0d1ab0b28be5ffba9702ed563a0098) + +[https://preview.redd.it/nql9jojnwgm81.png?width=967&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=e55e9c1c5cee7622d5fe4e3aaad8c0368c9a4b3c](https://preview.redd.it/nql9jojnwgm81.png?width=967&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=e55e9c1c5cee7622d5fe4e3aaad8c0368c9a4b3c) + +[https://preview.redd.it/z0xsgojnwgm81.png?width=695&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=b5ceca979642a3f81e72e12176f7d98016db5c6f](https://preview.redd.it/z0xsgojnwgm81.png?width=695&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=b5ceca979642a3f81e72e12176f7d98016db5c6f) + +[https://preview.redd.it/xrulwojnwgm81.png?width=496&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=408f8ce6eb8611b78aaa46226b610c4cdbae9075](https://preview.redd.it/xrulwojnwgm81.png?width=496&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=408f8ce6eb8611b78aaa46226b610c4cdbae9075) + +[https://preview.redd.it/59ofgojnwgm81.png?width=405&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=0ea2f1c136ec17fd90338bb7d5aa9ab1bda45b5c](https://preview.redd.it/59ofgojnwgm81.png?width=405&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=0ea2f1c136ec17fd90338bb7d5aa9ab1bda45b5c) + +[https://preview.redd.it/blu1t6hbxgm81.png?width=1255&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=1358742eed431fbc28b8ec000744194b8b797ae0](https://preview.redd.it/blu1t6hbxgm81.png?width=1255&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=1358742eed431fbc28b8ec000744194b8b797ae0) + +[https://preview.redd.it/0vvbqbhbxgm81.png?width=1239&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=de6a6fda71514a8f760c14a3c72adeb17a11bbb4](https://preview.redd.it/0vvbqbhbxgm81.png?width=1239&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=de6a6fda71514a8f760c14a3c72adeb17a11bbb4) + +&amp;amp;amp;#x200B; + +[https://preview.redd.it/qtoisxwdxgm81.png?width=1077&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=50c68edcde91d46e6faafb08fe922b44f73b6ecf](https://preview.redd.it/qtoisxwdxgm81.png?width=1077&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=50c68edcde91d46e6faafb08fe922b44f73b6ecf) + +They gave Handil a Sr Secured Loan for CTS - Handil did not have the assets - its Fraud - they are trying to scrub this - take screen shots - + +[https://preview.redd.it/lcj5ayhl4hm81.png?width=1255&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=e23f487c45bd5941c88935c0600679d6fc772064](https://preview.redd.it/lcj5ayhl4hm81.png?width=1255&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=e23f487c45bd5941c88935c0600679d6fc772064) + +[https://preview.redd.it/ghtoh67m4hm81.png?width=1190&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=5f758c90b14f60b068b7f1670b6473cf711086e5](https://preview.redd.it/ghtoh67m4hm81.png?width=1190&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=5f758c90b14f60b068b7f1670b6473cf711086e5) + +Everything they touch turns to shit - these guys are sick - + +Columbus Consulting - not even sure what these clowns were doing but they were there - they oversaw the whole thing and did not prevent the loan - + +[https://preview.redd.it/ukxpnm4y5hm81.png?width=947&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=d83231f8b9ef8fe304089b2a409d3534a39be640](https://preview.redd.it/ukxpnm4y5hm81.png?width=947&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=d83231f8b9ef8fe304089b2a409d3534a39be640) + +Columbus consulting were the middle men - how many ppl did they refer to Pathlight? + +[T](https://preview.redd.it/xzfhcqq66hm81.png?width=1158&amp;amp;amp;format=png&amp;amp;amp;auto=webp&amp;amp;amp;s=f5b0b6a7223f60d611f922dfcff64864ac804eef) + +Good morning APE FAM(March 10, 6:25am) - my account got suspended but i can still edit - this - the gyts is this - + +TLDR: **THE BBBY CEO sold Christmas Tree Shop to Handil Holdings LLC for $250m. Handil Holdings LLC did not have any money - they went to Pathlight Capital and got a SR Secure Loans - the loan was against The Christmas Tree Shop - But BBBY still owned those assets - we got them - I sent info to FBI Tip line and DOJ - this is FRAUD we got them!** + +I will be back after my Suspension Spread the good word and DRS yo SHITTTTTTTT!!!!! + +Edit: I changed from “ban” to “suspension” + +My suspension is 3 days and I think they want to silence me for MOASS???? Buckle UP + +**Handil Never Had the Assets - we found something hugggggeeeeee.... Futures getting rocked - possible news from GME today - put your neck brace on!!!** + +For the comments saying its a "Leveraged Buy Out" - that's FUD - Handhil never owned the CTS at the time the loan was originated. So how did they use the CTS as collateral? This is not a LBO, this is Fraud. + +Columbus Consultants may have referred BBBY to Pathlight - this is what RC may have meant by "Expensive" - Columbus Consultants should have stopped the deal - they failed in the Fiduciary responsibility to their clients. + +March 10th at 8:09am - Suspension Information - It was not a ban - see below. + +(Suspended accounts can still edit posts) + +# My account was suspended or locked due to suspicious activity + +* 2 years ago +* Updated + +If you think your account was suspended for violating Reddit’s Content Policy, [go here](https://www.reddithelp.com/hc/en-us/articles/360045734511). + +## Why was my account locked? + +Reddit takes precautionary steps to reduce the risk of your account being hacked. If we notice suspicious activity with your account, we’ll lock the account and only allow continued use if a new password is created. + +Once you have regained access, please check the [account activity page](https://www.reddit.com/account-activity) and look for any access from unrecognized IP addresses or locations. Keep in mind that geolocation of IP addresses is not an exact science and may occasionally be incorrect, especially on mobile IPs. + +On the account activity page you can also log out of all other sessions, or revoke access from any apps authorized to access your account. + +## How do I know if my account was locked? + +## Your inbox + +A notification will be sent via a private message. You can find your [private messages](https://www.reddit.com/message/inbox) by selecting the envelope in your navigation area while using the website or mobile app. Information about your account locking will be specified here. + +## Your experience + +A visual notification of your account locking will appear on each page you visit and any time a forbidden action is attempted. On the website and mobile apps, you will see a banner describing your account lock. + +## What do other users see? + +Only you will see information about your account being locked. + +## What can I do if my account was locked? + +You can unlock your account by [requesting a password reset](https://accounts.reddit.com/password) if you have an email address attached to your account. You may need to complete the process from a desktop browser. + +We suggest using a strong, unique password that isn’t shared with any other sites you use on the Internet. In order to protect user privacy, we cannot help someone log back into an account if there was no email address registered to it prior to the lockdown. + +We also strongly recommend using [two-factor authentication](https://www.reddithelp.com/hc/en-us/articles/360043470031) to heighten your account security. + +## What if I can’t reset my password or access my email? + +For issues around passwords or email access, [go here](https://www.reddithelp.com/hc/en-us/articles/205240005).  +As the title says: + +What did you learn on your investing journey in 2021? + +What were your investing highlights/lowlights? + +What was your ASX_Bets highlight of 2021? + +What is your investment strategy for 2022? + +What are your predictions for the markets? +# Remember hedge funds have the weak hand + +They had to realise gains from other investments just to cover losses from GME. Thursday and Friday were the days with the biggest deleveraging sisnce March 2020. Each day they have to pay high interest just to mantain the short positions, and you know what? Every time they realise gains to cover losses their performance gets worse, and this makes them look like idiots in front of their clients, putting their business in danger. + +# Expect some crazy volatility + +Remember you are playing against hedge funds, they are not going to give you free money. There is no free money in the stock market. GME investors hit them hardly, and for them is not just about losses but they have to proof to their clients that they cannot be beaten by a bunch of redditors. They may suppress the price or manipulate it. There are some excellent posts on this sub about how they manipulate the stock price (ladder attacks, MSM misinformation, etc). + +# Manage your risk + +I hold GME since $20s. For me right now there is no risk in holding the stock because it will never go back to that level. If you just bought at $300 have in mind they may be able to supress the price for days or weeks to $100-$200 level, so you must be able to stomach this volatility. I would recommend only investing money you can afford to lose to not panic sell if you see this wild volatily. + +The important thing as an investor is to hold, more than to buy like crazy. + +# Be a critical thinker, do your DD + +There is nothing that the MSM wishes more than to see loss porn from retail investors to say "see, they didn't know what they were doing". Please, don't give them the opportunity to say that. + +Do your DD, check user history whenever you read something to make sure users are no hedge fund trolls. Hedge funds are now trying to focus you attention on everything except GME. The Silver play is a trap. Citadel is long silver. + +# BEWARE THAT IF YOU BUY SILVER, you are helping Citadel to cover losses with their gains and give them the chance to fight on GME. + +Maybe mods should ban silver posts as lots of people could potentially lose money on that play. + +&#x200B; + +TLDR: + +DO YOUR OWN DD. BE CRITICAL. + +HOLD. THEY HAVE THE WEAK HAND, NOT YOU. + +BEWARE OF SILVER. + +For SEC minions reading this: this is not investment advice. + +Edit 1: many thanks for the awards guys. + +Edit 2: WSJ and Bloomberg are pushing the silver narrative and creating the impression that somehow people here are coordinated which is complete false. Also Citadel is long silver and it seems posts are being created mainly by bots. I definitely think mods should take action. + +Edit 3: about silver, it is not my call, I am just sharing my point of view, I totally get the people who says nothing should be banned. Just have in mind MSM are depicting WSB as a group of organized investors that are colluding to target different assets, which is completely false. Should their message gets acceptance because of SLV they could try to ban this sub. So I think mods should at least check if those posts are legit, and if they comply with the rules. Nothing else. +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!!!!!!! +Curious how people reason about the value in sending their kids to private vs. good public k-12. + +In my case, I live in an area with a good public school system that feeds its students into good state universities, including a top one, and an occasional elite private university. There are some private k-12 schools in the area that feed into predominantly elite universities. Average SAT scores are about 80 points higher at the private school (1400s) than the good public school (in the 1300s). + +I intend fully to pay for my kids' university education but haven't until recently seriously considered private k-12 school mostly due to the cost (40k-55k) and also because part of me feels it's unnecessary. Factoring into this decision is my own path (decent but not great public high school, great public college, greater private grad school, but many of my peers from my highschool have struggled or continue to struggle). Particularly, I grew up seeing expensive private schools as elitist and unnecessary but now see my peers sending their kids to them and wonder if I happened to have lucked out and am putting my kids at risk if I don't do this. + +Again, curious how others reason about this decision: Is the cost worth it? Do you feel that the extra "edge" a great private school gives your kid is worth it, or is the school simply a signal indicating other things (parents' emphasis on education and parents' net worth)? This factors into my fatfire plans in that I would have to work 1.5 more years to comfortably afford it for each kid's high school, which to me seems worthwhile at this point. Obviously it scales up if I have more kids. +Edit: looks like things are working again. I got kind of angry in the comments-not getting your pay on time can make someone a little irrational and I apologize. The fact remains that a major bank like Capital One proves they can no longer be trusted and they really don’t care about little people like us. + +Carry on. + +Inb4 “join a credit union” as some of us don’t have that luxury. + +Capital One’s systems apparently have gone down on Thursday night, so millions of us woke up to not getting our direct deposit even though all of our employers have submitted it. Not only is it payday for many people, it’s also the first of the month when rent and other utility bills are due. My landlord is cool currently, but I’ve had plenty who would tell me to pound salt and tack on a late fee of $100 a day. + +Not a single media or news outlet has said anything. Capital One purposely disconnected their customer service phone lines, and I had to get the news of this from twitter of all places. Nobody seems to care that millions of working class people who have jobs and contribute to society and pay taxes are stuck not being able to eat, fill up on gas, or commute to work currently. + +Where is our money? How can we continue to keep getting screwed like this? I pay my bills. I work 50 hours a week. I pay my taxes. And I live paycheck to paycheck. + +This kind of stuff cannot go unpunished. +Hey everybody, + +Last month has been the most expensive month in my 15yr working life. In June, a lot happened: + +-I started visiting a cardiologist because of strange chest pain. Had multiple expensive tests done ($1500). + +-I visited the ER after a bout of extreme chest pain and was diagnosed with pleurisy ($1000). First ER visit ever for me in 20+ years actually. Just glad it wasn't cardiac. + +-We repaired a foundation watering system for our house (this is absolutely essential where we live) ($500) + +-And the wife got one time surgery for Sinusitis ($5000) + +-And the wife replaced some durable medical equipment she needs to replace every 4-5 years ($1000) + +-And then I had the first accident in my life in the same month. I totaled my car and bought another used one for cash ($7000). + +Under ordinary circumstances, a family with our middle class income would be under an incredible amount of financial stress and strain. + +But we aren't having trouble at all, at least financially. We haven't even had to worry about money in the slightest because we're savers. I think this is one of the largest benefits of FIRE or at least a saving mentality in general. +I’ve seen some commercial properties around me have several stores empty the whole year! They are losing hundreds of thousands. Most of my buddies with residential properties are doing just fine. My Airbnb buddies are taking some decent losses in the six figures range. +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. +I am still not sold on the idea of a neo bank and the value they bring when compared to traditional banks we currently deal with. + +I mainly see three of them making a lot of buzz in my friend circle these days: + +1. Jupiter +2. Fi +3. NiyoX + +Does anyone already bank with any of the above neo banking service? How is your experience? Is it worth it? Pros/cons? +Anyone purchased an armored car? Thinking about something slightly armored to protect from gang activity cross fire. I’m not a VIP target but people in my community have been caught in cross fire and there are increased car jackings. So don’t need IED, bomb proof vehicle but something that blocks small arms and not ridiculous that it draws attention to itself. Also don’t need to be spending a million dollars on this but i figure if a 80k car becomes 160k that’s a small price to pay to protect against admittedly low probability event but with devastating outcome if it occurred. +Current status: Up 54.19% for a paper profit of $115,982. Current RAC price $3.09. + +Initially purchased 85,000 RAC on 15/01/21 and topped up thereafter for a total of $219k invested at an average buy price of $1.9911. Holding until at least $20/share which will net a paper profit of $2m in tendies. + +Interested in RAC? **Please note it's a speculative bio-tech stock and may yet prove utterly useless.** + +If you want more info about RAC here's 30 second summary for those of you with ADD: + +RAC own the patent for a drug called Bisantrene, which was initially trialled in the 80s with great success, only to be left on the sidelines due to a limited application and cost of pursuing further research. It’s since been rediscovered and preclinical through to phase 1 results have so far proven successful. + +As a company RAC are executing a three pillar strategy over the next 12-18 months with a steady stream of trial results coming through over that time. They've made it blatantly clear the aim is to get picked up by big pharma at the end of their phase 2 trials and that they're looking for maximum shareholder value™ in the process, as the board are significant shareholders. + +If you want some more info on why I’m taking the punt: + +HC thread [here](https://hotcopper.com.au/attachments/rac-upside-5-february-2021-pdf.2883401/), which also has a stack more info as well. + +Or you can get a rundown of RAC and their recent activities from the company themselves [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02359202-6A1026814?access_token=83ff96335c2d45a094df02a206a39ff4). + +Or if you’re a nerd a lot of the science stuff is [here](https://hotcopper.com.au/attachments/bisantrene-synthesis-fto-1-pdf.2950305/?filename=Bisantrene+Synthesis+-+FTO+1.pdf). + +Or if you want to sign up to read/listen to an engaging interview behind a (free) paywall you can do so [here](https://www.eurekareport.com.au/investment-news/race-oncology-a-10-bagger-in-a-year/149565?v=1053812) + +For those of you who can’t read good, and want learn to do other stuff good too, [here’s](https://www.youtube.com/watch?v=ZoMWPf98W1k) Race’s CSO talking about the journey. + +If you want to read a dumpster fire of a Reddit thread which presents some counterarguments it can be found [here](https://www.reddit.com/r/ASX/comments/lslrpf/rac_on_the_asx_why_is_this_flying_under_the_radar/goxe98k/) + +Finally for those who want confirmation this stock will be a winner, [this](https://www.youtube.com/watch?v=yNj78UH8KQo&%3Bamp%3Bamp%3Bab_channel=maria) video is proof. + +**Once again it's a speculative bio-tech stock and may yet prove utterly useless**. Just imagine how angry your wife’s boyfriend would be if you lost all your allowance gambling on a bio-tech stock. +This is a humble-brag since I have no one else to tell this too. + +I decided to pursue FI not so much for the RE but rather for the peace of mind and the psychological effect of knowing that I can retire whenever I want to. + +When I paid off my mortgage my mind set at work shifted from working my butt off and trying to please everyone to working smart, putting in less hours and being vocal about alternatives to my manager. + +In the past I would of put my head down, do what I was told and hope to get a good review at the end of the year. Due to “work smart” mentality, I spent more of my companies money to hire qualified people at a high price so that they can make my life easy. + +I then got the $1M mark and accelerated my “work smart” philosophy and pushed to spend way more money on quality hires. My company is kind of cheap and this was a big deal especially since I was putting my neck out if it didn’t work, but I had $1M saved so psychologically I won’t be homeless if things went wrong. So I kept on pushing. + +Recently just had a meeting with the president of my fairly large company and they want to promote me due to my “strategic” mindset. This new job pays more than double my current compensation and is going to be a life changing jump. + +The best part is that I see my wife and kids every night for dinner and never work weekends anymore. This is all because of you guys and having my FI give me the courage to catapult myself. + +I continue to learn a lot by reading this subreddit daily and promise to not splurge on a bigger house, expensive cars, etc. I hope to build more confidence at work and who knows maybe RE when I’m tired of working. + +Cheers to all of you on your journey. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi, + +I’d like to ask your advice on living as a freelancer in Europe. + +The wife and I are both translators and looking to relocate to an EU country to live and work. We are currently living in Hungary, which is not bad, but we’d like to experience different places too. + +We make a decent but not extravagant amount of money (over 60-70k but under 100k EUR per year, depending on some factors) and have no kids yet. We are interested in countries that offer good tax schemes for self-employed workers. + +We are both quite flexible, have years of experience of living abroad and speak foreign languages too so this wouldn’t be the first time for either of us to move to a foreign country. But it will be the first time we move abroad together. + +Ideally, we’d like to move to an EU member state (we are both EU citizens). Other than that, we are quite flexible. Preferably, this new place will have no worse infrastructure/quality of life/health care facilities than that of Hungary, so we are looking to relocate to countries that are located to the West of Hungary. + +Based on our research, we found that Scandinavia, the Benelux, Austria, and Germany have high taxes. Spain is nice, I’ve lived there for a while but back then I was an employee. From what I heard, being an autónomo there costs an arm and a leg. Italy is also an option with the new Growth Decree – any experiences with that scheme? + +We haven’t done much research on Portugal or the Baltic states yet but I heard only Estonia would be ideal as Latvia and Lithuania are not that advanced with regards to entrepreneur/freelancer culture. + +As of now, the most likely candidates are Czechia or Slovenia – nice, developed countries with a high quality of life and the cost of living, while it is higher than in Hungary, is still certainly lower than in Western Europe. I also heard there was a good tax scheme for freelancers in Slovenia where one has to pay 20% tax on only 20% of one’s income, effectively making the total tax rate 4%. This sounds almost too good to be true – is there a catch? + +What would you recommend based on our circumstances and experiences? Did we miss any places that are good for freelancing expats, or did we get something wrong during our research so far? + +Any tips or advice would be very much appreciated. + +Cheers +&#x200B; + +# 0. Preface + +Well well, I think it's time to revisit an old topic. Net Capital. I posted about this in the past and for some reason gave up on it. I can now provide **counter DD** **to my own T+21/T+35 theory**. + +Remember - I am not a financial advisor and I do not provide financial advice! Everything in here is based on research and discussion with others on the topics. As always, do your own research and criticize. Take my opinions with a grain of salt. + +Wanting to revisit the Net Capital topic was a few things. There were posts about ETF FTDs spiking **severely** as of May 12th - even more than the highest peaks of January. I had my own doubts over time of how we could possibly have multiple cycles overlapping, when it felt more like there would be only a single cycle. And of course, some people commented and/or posted counter DD! Which I think is awesome, it's always good to provide counter DD. + +Kenny and his gang love to continue digging a hole for themselves - while the whole financial world tries desperately to contain this potential market crash from coming to fruition. + +GME shorts and Reverse Repo Market go **brrrrrrrr**. + +**TLDR: Sorry I'm too lazy right now. About to post this and go to sleep. 😎** + +[Kenny And The Boys](https://preview.redd.it/p9ruup81br471.png?width=1016&format=png&auto=webp&s=459845688e21d10000f45ba7e81c9de8a6839321) + +My previous post about [Net Capital](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) was thinking that we'd see significant price movement T+14 days after April 16th options expirations. That didn't happen, so I tossed it out of the window. (Criand, you dumb bitch) + +Which then led me down the path of the [T+21 Loop Missing Link](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/). It got pretty popular. It's the whole T+21/T+35 conjunction theory that occurred May 24th and May 25th. While it definitely **appears** to be right, **I have been doubting it ever since May 24th**. Especially after a courageous ape u/dentisttft posted the [Counter DD to T+21](https://www.reddit.com/r/Superstonk/comments/nsady3/t21_is_not_actually_a_thing_counter_dd/) theory. T+35 (May 24th) didn't have significant enough price movement. If it truly was a new T+35 initiating a loop, then it should have exploded up in price on May +24th. And for that, I think it's time to put that theory to bed. + +**The counter DD that** /u/dentisttft **posted is excellent and you should definitely take a look. If my post is wrong,** /u/dentisttft **still proposes another possibility: that T+35 from the FTD spike could initiate buy pressure around June 17th.** + +Ever since the counter DD, I decided to revisit Net Capital since that is what /u/keijikage brought to my attention so many weeks ago. Very smart guy by the way! Always very knowledgeable and provides amazing discussion! + +Looking back on Net Capital now, especially with the ETF FTD spike that occurred on May 12th, it might finally paint the picture as to what has been going on this whole time with the "T+21 cycle", the March Gamma Ramp, and the June Gamma Ramp. + +# 1. GME FTDs, ETF FTDs, Massive Resurgence Started May 12 + +First, I want to discuss ETF FTDs, as something absolutely wild occurred in May. Note that we do **not** have the full months FTD data yet. The SEC releases the data in first half and second half of the month reports. So, it cuts off quite conveniently when FTDs began to go haywire. + +For a while now it's been theorized ([with some pretty damn good evidence](https://www.reddit.com/r/Superstonk/comments/nrpjle/almost_1b_ftd_on_may_14th_between_gme_and/)) that ETFs containing GME have been heavily shorted. Supposedly they will short the ETF, buy up all of the other stocks in the ETF that were shorted, but leave GME alone. There's a net 0 effect on the other stocks but a net short on GME. This then starts to cause ETF FTD anomalies which they also try to suppress, but they can't hide forever. Because it appears that as of May 12th, these FTDs have begun to spill out of hiding. + +u/basketas87 posted about this surge of ETF FTDs in "[New data shows a large increase of ETF FTDs](https://www.reddit.com/r/DDintoGME/comments/nx013v/new_data_shows_a_large_increase_of_etf_ftds/)": + +[GME Price Vs. GME FTDs and ETF FTDs \(which contain GME\); Source: \/u\/basketas87](https://preview.redd.it/h7iq2v4njq471.png?width=1122&format=png&auto=webp&s=b4fbbca80002197058a20c5d8654e08ba8b4dbae) + +You can immediately see the ETF FTDs absolutely **SKYROCKETED** just before the cutoff of the SEC FTD bi-monthly report. **We don't even know how high this has gone in the following days or if its come crashing back down**. **Remember - these are aggregate. We don't sum up the FTDs between dates. Whatever the number is upon a date is the current total of FTDs reported.** + +For a date-by-date tracking for these FTDs between January and the end of March, /u/broccaaa provided an excellent chart in "[The naked shorting scam using ETFs: mass shifting of FTDs from GME to 20+ ETFs & 27+ billion dollars still owed in remaining SI](https://www.reddit.com/r/DDintoGME/comments/n1x75w/the_naked_shorting_scam_using_etfs_mass_shifting/)". This gives us an easier look at the exact dates when FTDs spiked earlier in the year. + +> I selected GME and 19 ETFs containing GME. I chose to only look at the ETFs that contain the most GME shares and had large numbers of FTDs in 2021. - /u/broccaaa + +[Aggregate FTDs for GME; GME and ETFs; Source: \/u\/broccaaa](https://preview.redd.it/choe9jjris471.png?width=1709&format=png&auto=webp&s=3e907654b1e054734098c010839ec5ad07ab0633) + +Some notable aggregate FTD dates from this chart: + +1. January 29th +2. February 2nd +3. February 18th + +And of course, the latest absolutely insane **May 12th**. Once again, we don't even know what the FTD numbers are for the second half of May. It could very well be much higher. + +# 2. Net Capital And Market Makers; Citadel's Can-Kicked Bag + +Net Capital is detailed out [in this post](https://www.reddit.com/r/Superstonk/comments/n4h832/major_deep_itm_call_option_dates_a_massive_net/) but I will do a quick summary. It revolves around [Net Capital Requirements For Brokers or Dealers - 240.15c3-1](https://www.law.cornell.edu/cfr/text/17/240.15c3-1): + +>...is designed to ensure that a broker-dealer holds, at all times, more than one dollar of highly liquid assets for each dollar of liabilities (e.g., money owed to customers and counterparties), excluding liabilities that are subordinated to all other creditors by contractual agreement. The premise underlying the net capital rule is that if a broker-dealer fails, it should be in a position to meet all unsubordinated obligations to customers and counterparties and generate resources sufficient to wind down its operations in an orderly manner without the need of a formal proceeding... +...**A broker-dealer must ensure that its actual net capital exceeds its required minimum net capital at all times.** \- [Source](https://www.mercatus.org/system/files/peirce_reframing_ch6.pdf) + +Or in other words, you must have enough capital to not be "margin-called". In this case, Citadel is a prime victim to this rule as they are a Market Maker and must sustain enough net capital to not go bust. If they do not, they're a risk to their customers and counterparties. This rule tries to ensure that they have enough money to pay up in the event of a default. + +The very interesting part of this rule comes down to how they're calculating Net Capital in regards to short securities: + +[Net Capital Rule; Short Securities Deduction From Net Capital Per \\"Days After Discovery\\"](https://preview.redd.it/jzzkxo2qsq471.png?width=1311&format=png&auto=webp&s=9b26ce9297defa1c10492f9d1e2b2c6a1bc07252) + +What this basically means is that after the short security difference is found to be unresolved after discovery (think FTD popping up is the "discovery"), then it's going to slowly start eating away at their net capital the longer it remains unresolved/undelivered: + +* Day 0 after discovery = 0% of the unresolved short security is calculated into their net capital +* Day 7 after discovery = 25% of the unresolved short security is calculated into their net capital +* Day 14 after discovery = 50% of the unresolved short security is calculated into their net capital +* Day 21 after discovery = 75% of the unresolved short security is calculated into their net capital +* Day 28 after discovery = 100% of the unresolved short security is calculated into their net capital + +When you have these debts accounted for into your net capital, it is taking away that value, because it is a short difference you **owe**. As the days go by, net capital starts chunking down. So, if you have a rather large short security difference discovered one day (such as May 12th) then you want to resolve it quickly or risk defaulting. + +Do you find a way to stuff the unresolved shorts back under the rug? Do you deliver and force buy-ins? Both? That appears to be the loop they've been stuck in, which slowly bumps the price floor upward. + +You'll notice that there's a familiar number in there. **Day 21**. T+21? Oooh. Tasty. **Here we go**. + +The total timeframe for Net Capital is [28 days](https://www.youtube.com/watch?v=ST2H8FWDvEA), but Citadel most likely cannot allow the Net Capital threshold to go past 75%. They must kick-the-can and force buy-ins on or before T+7, T+14, T+21 but complete the entire process by the net 75% threshold of T+21. They can't risk it going to 100% or else they'll most likely default. + +Wham, bam, the T+21 loop ignites itself continuously. + +# 3. Plotting The Net Capital Loop - The Counter of T+21 and T+35 + +The major option dates still play a big role. But I don't think T+35 theory is what's really applying here. + +What are "major options"? These are the **only** options that were available for the year 2021 back in early 2020. These are the option dates that were most likely opened up initially by shorters at the start of COVID. Perfect time to place bets and start their kill shot on GameStop: + +* January 15, 2021 +* April 16, 2021 +* July 16, 2021 + +Upon expiration, unrealized losses now became realized losses, and their overall capital receives a dent. It most likely gets harder to hide FTDs and hide them under the rug. + +You know the most curious thing? + +**Posts about Citadel working the night-shift started just after April 16th options expirations**. + +**That's also right around when Bank of America shut down a bunch of their locations. I won't buy their excuses. Bank of America looks like they're a bag holder and is freaking out too.** + +Something big had to of happened as of April 16th, and it's most likely that they had a huge dent in their capital that is now causing a slow bleed-out of FTDs that they've hidden, which then must be satisfied within the Net Capital timeframe of T+7, T+14, T+21, T+28, or else they can go net negative and default. + +And of course, following April 16 options expirations, the ETF FTDs start to skyrocket on May 12th. My main intuition is that they were unable to hide these any more and they have started to spill out. Ruh-roh. + +First, I'll plot out the T+21 Net Capital loop so that it isn't **too** cluttered: + +[Plotted Net Capital \\"T+21\\" Cycle, December 22 to July 26](https://preview.redd.it/xh4u2ugmfs471.png?width=1438&format=png&auto=webp&s=85188eccc2bf3841bb98e37e5be98b8badcc01c7) + +Upon December 22, the clock starts ticking. It's possible that at this point the price was too high for them to **NOT** worry about Net Capital any more, and they had to start can-kicking and forced buy-ins. + +Each loop is separated T+21 because it appears that they cannot sustain higher than the 75% threshold each time. You can see the T+21 loop we're familiar with, starting December 22, and then traveling through January 25, February 24, March 25, April 26, May 25. And potentially continuing on to June 24 and July 26. \[The next two dates if any apes are curious\]. + +To get a closer look of the potential effects of the various Threshold amounts (T+7 (25%), T+14 (50%), T+21 (75%)) I've zoomed in on March 25th to May 25th. **ENHANCE**! + +[Plotted Net Capital \\"T+21\\" Cycle, March 25 to May 25, Price Spikes Prior to Each Threshold \(T+7, T+14\) Date](https://preview.redd.it/p6q5gox9fs471.png?width=1438&format=png&auto=webp&s=4da6c3ed2e8547ccd755b95ee895be235cbf9d44) + +In the above it's **unlikely** but there is a chance that they have too many FTDs to shuffle around by the time Net Capital 25% (T+7) Threshold hits. This could initiate some buy-in pressure on or before that date, typically the day before, as outlined in the **light green** circle. The day before because they don't want those positions to be 50% upon the next day. They must be resolved **BEFORE**. + +It is also **unlikely** but a greater chance that they have too many FTDs to shuffle around by the time Net Capital 50% (T+14) Threshold hits. This again could initiate some buy-in pressure on or before that date, typically the day before, as outlined in the **blue** circle. + +And of course upon Net Capital 75% (T+21) Threshold, they must complete their rug-hiding and/or buy-ins to avoid going Net Negative. It is possible that the rug-hiding and buy-ins are in conjunction with one another, slowly increasing the price floor, and that **between each threshold they try to short the stock more to push down the price**. + +Looping back to Section 1 when we identified the major FTD dates: + +1. January 29th +2. February 2nd +3. February 18th +4. May 12th + +There's a potential relationship to be seen with these insane FTD dates. Now this chart I'm about to show is highly speculative. I'm unsure if the Net Capital loop initiates upon the FTD spikes (though it certainly should, per Net Capital rule, because that would be when they are "discovered"). + +I say I'm unsure because I only see one data point here so far and somewhat of a second data point from the price run-up we've been seeing the past few days. + +[Plotted Net Capital \\"T+21\\" Cycle, December 22 to July 26, and FTD Spike Relationship](https://preview.redd.it/424mtt66sq471.png?width=1433&format=png&auto=webp&s=7b11bb6a0a8f06bafb2471e7dfc0b64c90f1cb1a) + +In the above picture, look at January 29th's FTD spike. Plotting the full 28 days of Net Capital out where 100% of the debts would be accounted for, that lands it on March 11th. They want to resolve this **before** March 11th, while the debts are still 75% accounted for. Remember that date? March 10th? I sure do. This **could** be why we saw the price spike, and why T+35 is incorrect in theory. But, it appears the major option dates still play a role, because of the May 12th FTD spike that just occurred, which followed April 16th options. Likewise, the January 15th options may have initiated the FTD spikes around January 29th and February 2nd. + +If the **same** situation occurs due to the May 12th FTDs, then plotting out the full 28 days of Net Capital lands us on June 22nd. **If** these FTDs initiated Net Capital T+0 upon May 12th, then things could get crazy on or before June 22nd. + +It is very possible that the run-up from May 25th to June 8th was all due to this new set of FTDs, and they had to start buy-ins on or before T+14 and T+21 from May 12th due to the sheer amount of unresolved shorts that were eating away at their Net Capital. If the FTDs aren't fully hidden again or all the buy-ins aren't complete, there's still T+28 to look towards, which lands on **June 22nd**. They would need to hide these FTDs again and/or buy-in on or before June 22nd. This would keep in line with the March 10th squeeze. + +This could also very well explain what was going on with AMC. (Don't freak out on me yet, I love looking at AMC because it's very good analysis to track. It's been following the **same exact T+21 pattern** as GME) + +# 4. AMC Behavior - Given Up On By Shorts? Too Expensive To Juggle With GME? + +AMC has gone on an absolute RUN. It increased nearly 70% in one day. Take a look at the following chart now that you know about Net Capital and the different T+7, T+14, T+21, T+28 Thresholds: + +[AMC Behavior from May 12th to June 24th](https://preview.redd.it/xn0tukmw4r471.png?width=1434&format=png&auto=webp&s=a679b5628fd370944ba680b6de0bf5e6dcadd35a) + +Damn. Did they just GIVE UP on AMC and decide that it's too much to deal with? Do they not have enough capital to deal with both GME and AMC (and possibly other short meme stocks)? I think so, because this lines up quite well. They had to fix Net Capital for AMC by T+7 (25%) Threshold on June 4th probably because it was too expensive to handle alongside GME, and GME is the one they **really** need to keep their ammo for. + +Between T+7 and T+14, they of course short some more, trying to pull the price down in preparation of the next Threshold cycle of T+14, which will probably cause an equivalent or greater amount of buy-ins. This lands on... June 15th. And if it's like previous cycles, that would imply that they want to do the buy-ins by June 14th (next Monday) to avoid those unresolved shorts hitting the next threshold amount. Big price spike coming again? + +Even then, the current T+21 cycle isn't over. The threshold of 75% doesn't land until June 24th, where things very likely will continue to spike upward with an equivalent or greater spike of the run before T+7 (25%) Threshold. + +I truly think that they've put all of their effort into containing GME and have more or less "given up" on AMC because it's not as big of a deal to them. That's why it's mooning like crazy while GME is taking a little time to wake up. + +# 5. GME Behavior - Shorts Holding On As Long As They Can + +With the same exact timeframe of AMC, let's finally look at GME and the current cycle going on. The ETF FTDs from May 12th line up T+28 (100% Net Capital Threshold) on June 22nd. Again, **if** the Net Capital loop initiated upon that FTD spike, then things could get absolutely wild on or just before June 22nd. + +Otherwise, it might just be the standard T+21 Net Capital loop, which has that extra pressure from the ETF FTDs, where the Net Capital loop initiated on May 25th, and ends on June 24th. + +[GME Behavior from May 12th to June 24th](https://preview.redd.it/p3yueytz4r471.png?width=1441&format=png&auto=webp&s=48a0f3e70ac922a345e5b58c0219bd1470dff2ab) + +By the time of T+7 (25% Threshold), it appears that they really needed to apply some buy-ins, and the price started to rise quite significantly. Just like AMC, but not as extreme, because they want to put all of their energy into keeping this bad boy from popping off. + +Once again... take a look when T+14 (50% Threshold) will hit. June 15th. From the above analysis, the buy-ins would occur on or before this threshold date, typically right before. Know where that lands? Next Monday. June 14th. + +It's possible that they won't be able to sustain to the 75% threshold any more, but now must sustain the 50% threshold of T+14 where they need to resolve their unresolved shorts by. + +**Maybe** there will be a big price spike next Monday. Otherwise, keep an eye out for the T+28 date of the ETF FTDs, landing June 22nd, or the original T+21 date, landing June 24th. + +I believe we're also waiting for the Russell 1000 change the week of June 24th. ;) +In early 2020, I decided to go to a Financial Advisor to try and invest my money wiser. I'm not very savvy when it comes it these things, but allocated $200 be put into an investment account each month. I sort of set it and forgot it, assuming it was doing what it needed to. I checked on it sporadically but never saw a return on it. After a year and a half, it only has a return of 0.06% so I reached out to close the account and move the money elsewhere. Well, it turns out that the money has just been sitting there as cash and was never put into the market. The FA apologized, said it was his mistake and oversight and that I could either keep it in the account and move it into the market as it should have been, or continue with closing out the account. I decided to close it. + +I shared this info with my boyfriend and he mentioned that this sounds like something that could warrant legal recourse. + +Should I just close the account and cut my losses or is this worth looking into? +I’m a 21 year old investor investing in broad market ETF’s and high quality dividend companies. I used to max out my Roth IRA but have recently stopped and started to add the majority of my money into my brokerage account as I believe I will be using money from my investments before I am 59 1/2 years old. + +I was wondering if you guys have any recommendations as to what I should do. I’ve heard of taking money from your Roth IRA before the retirement age with no penalties and I was wondering if anyone had more information on this. Thanks for the help! +Well good, because you are. + +You didn't let mistakes and moments of ignorance or hardship in life keep you in a bad position. You're all actively working to pull yourself out of a hole--however big or small--and improve your situation. Don't let anyone minimize your success or progress; every victory counts & I'm proud of y'all. + +Edit: Thanks for the silver kind stranger! +Follower of the thread for over a year now. I understand the concept of why the stock is so powerful, but why is this a perfect option for someone looking to hold for 5-10+ years? + +Thank you to everyone who takes the time to respond to this. +Short version: Faced with mortality I wanted to do everything I could do for my wife. My previous assumptions about the transfer of property were wrong and would have caused my wife a lot of undue stress. I'll be taking steps to ensure she has immediate access to everything as well as legal documents to support her as needed. + + +Freakin novella: + +So a couple weeks ago I received some fairly ambiguous and uncomfortable news that caused me to really think about the state I'd be leaving my beloved wife in if I were to die. [original post] (https://www.reddit.com/r/personalfinance/comments/8co3an/i_might_be_kicking_the_bucket_what_do_i_need_to/) + +It felt great to know that her promising career and our financial position would carry her through the worst case scenario, but I also identified a number of of things that I should address and I believe they may apply to some of you. It's become a bit of a stereotype that only fiscal nerds and the elderly need to be concerned with stuff like this, but I'm a reasonably healthy 28 year old that just left the Army and I spent the last two weeks scrambling to deal with this stuff because of a random blob on an MRI. + +**First thing is first, I'm not an attorney or finance professional and this is just stuff that I've observed throughout this process. Please feel free to speak up if you disagree with whatever follows; I'd definitely appreciate making sure I'm doing everything I can do here.** + + +**1.** The first thing that I did after leaving the doctor's office was drive to a lawyer's. It might seem unnecessary and like a waste of money, but I'm glad I did and I wish I had gone sooner. I'm fortunate enough to have access to "free" legal services by virtue of being on active duty; however, I would have happily paid to know that I'm preventing my wife from taking on additional hardship during what would likely be a very already difficult time in her life. Even if you don't have a medical concern, I still strongly recommend doing it because shit happens. A lawyer may also save you from the ramblings of a random man on the internet. + +**1.A.** I, stupidly, believed I understood the way things worked. I thought my wife would inherit everything because she's my wife, right? What's mine is hers, as we often see with posts about brutal divorces, and our situation is very simple (only one beneficiary, no crazy property stuff, etc.). What I didn't consider about that reasoning was that divorce is usually a drawn out legal process under the best of terms. I had wrongly assumed that joint ownership was sort of inferred by virtue of our marriage. My wife almost certainly would have gained access to all my assets, but only after having dealt with a lengthy legal process and piles of paperwork (that shit takes 18 months in Virginia). It makes me ridiculously sad, and upset with myself, to think of my wife dealing with all that stress in the midst of such a traumatic time because she married an idiot know-it-all. + +**2.** My first step toward making life easy on her was making sure she had easy access to my (our) money. We've kept our finances separated because we feel it's a wise choice for newlyweds. I still feel this way; however, our circumstances have changed and I was unwilling to leave her exposed to the risk of the aforementioned stress. There were three options here: handle it using a "Last Will and Testament," add her to my account, or set up a "payment upon death." I'll get into the will thing a little later, but I didn't like it for this situation and my intent. Instead, I chose to add her to the account because she would have (actually has) direct and immediate access to those accounts without dealing with any bureaucracy. The last option is sort of a middle-ground between all the other steps. "Payment upon death" is a way of telling you bank to give all your stuff to someone when you die. This offers protection from the risks of a joint account while circumventing lengthy administrative processes; however, I didn't like the idea of my wife having to prove to some strangers that I was dead. I'm sure this wouldn't be too unreasonable of a process, but I just saw it as another burden for her to deal with as she worked through everything. + +**3.** The next step was making sure she had access to the investments I made. This was easy because I'm behind a lot of you and only have holdings in a few mutual funds. Those holdings are linked to my banking accounts and I've left my wife with a detailed explanation of what they are and how to deal with them, sell them, etc. I also explained the order in which I believe she should sell them and the scenarios that would justify doing so. + +**4.** The final asset to worry about was my car. If the worst happens and my death is inevitable, I'll trade in both of our cars so that she can have one brand new one and remove one more potential stress factor during that time. For now, I'm just working on adding her as a joint owner so that she has more control (as with the bank account) and won't be subject to the bureaucracy I keep mentioning. + +**5.** The "silver bullet" for addressing any of my oversights in preparation for my wife having to deal with all my assets during this process is a general durable power of attorney. There's a huge amount of risk exposure here, as with joint bank accounts, because this allows someone to legally act on your behalf. I can't begin to tell you how many guys I've watched meltdown Afghanistan because their wife took everything and divorced them using that power of attorney. That being said, I have complete faith in my wife and you can also set these up to have a limited scope or scale (e.g. timeframe, what it applies to, etc.). Mine will also be secured in a safety deposit box with other key documents that she'll be able to access if I die. + +**6.** My last main effort has been compiling a massive document of everything. This document will also be in the safety deposit box and will contain login information for literally everything (bank stuff, credit cards, utilities, car loan, computers, social media, Netflix, etc.). It also contains details on how and when various bills are paid, where spare keys for the cars are, the type of oil her car needs, the order in which to sell investments, advice on financially moving forward (you guys make an appearance), approximate values for any of my stuff that happens to be valuable so that she doesn't get taken advantage of, contact information for the attorney, etc. This is literally just a giant pile of everything, almost like a reference book for me. My intent here was to provide her with more information than necessary because I don't want her to deal with the stress of something working through Netflix password recovery when she moves. + +**7.** I previously mentioned that a "Last Will and Testament" wasn't ideal for my circumstances. The truth is, relying solely on one would have done a shitty job of fulfilling my intent here. I don't have a lot of stuff and I want my wife to have everything, so some massive undertaking isn't necessary to ensure the proper transfer of my "estate." These documents certainly have their purpose, but in my case this document was only slightly better than relying on community property laws and probate. The common expectation, at least in my experience, is that the bereaved sit down in an office with lots of hardwood and leather-bound books while a stuffy man with a stack of paper quickly takes care of the rest. After speaking with an attorney, this really didn't seem to be the case. I ended up having one drawn up to serve as a tertiary contingency plan in the event that this somehow becomes what is best for my wife, but I really didn't like it and hope she won't rely on it because my previous steps were effective. + +**8.** The last thing I did was an advanced medical directive. In the interest of saving my wife from having to deal with the reality of deciding whether or not I should die I went ahead and did it myself. I outlined the criteria for which medical staff will have to follow and I set limits on what I was comfortable with with regard to prolonging my life. This in and of itself was worth the trip because I know the scenario that this could apply to would tear my wife apart. + + + +So, all that being said- is there anything else I can do here? + + + + + +I woke up this morning and summed up some thoughts on why shorts can't ever win this battle. Meanwhile, HF managers are probably doing insane OT this weekend, figuring out how to deal with 15 million FTDs. It's a good time to be a GME stockholder. + +Here's why shorts cannot win. + +* It's a hill to die on for many people. The public support GameStop receives is too big for the shorts to overcome. No matter how long it takes, retail is willing to support GME for decades, with many people continuing to fight against this fraud and corruption for a lifetime. +* Everyone dislikes corrupt bankers. Sorry to talk politics, but this is a rare bipartisan voter support situation. Political donations to both sides can't fight against this mob. +* Shorts might perform more blatant illegal fuckery. Fine. Bring the price lower. Superstonk will just keep buying.The safeguards to lock the float: + * Over a million GME retail investors, of which 116,000 use ComputerShare so far 🦍 + * $100 million in GameStop her war chest dedicated to share buybacks 🧰 + * Brilliant chairman and billionaire RC 🪑 + * The cellar is **$0.0001** bitch. Bring it. The ultimate fallback: me, myself and I. I'm prepared to buy ~~the whole float~~ all outstanding shares myself and DRS that shit 💩 + +^(Edit: $7635.08 would get me all outstanding shares for the cellar price, not just the float 🐱‍🚀) +Lately seeing a some of SM posts about how someone is no more coz of covid & the family is bit clueless about the money of deceased. Also found this video on [YouTube](https://youtu.be/IGBCp-mU7M0). + +https://youtu.be/IGBCp-mU7M0 + +Video mainly describes how to leverage google cloud for tracking & keeping your loved one in loop. + +How are you guys tracking your money & sharing with your family? It's kind of crucial I guess. +I downloaded the coinmarketcap.com data for the top 100 cryptocurrencies as of a couple hours ago ([source](https://coinmarketcap.com/all/views/all/)) and did some charts of which coins gained the most in the last 7 days. Note: These are not weighted averages but I doubt that makes any difference. + +[Top 100 CMC coins by price](https://i.imgur.com/rjW9rTl.png) +Here we're sorting by price-per-coin from the most expensive coins (BTC, BCH, DASH, ETH) to the least expensive (KIN, XP, BCN, DOGE). There's a pretty clear trend here that the expensive coins are up a little bit, but the cheaper the coin is the more likely it is to be up a huge amount. + +[Top 100 CMC coins by circulating supply](https://i.imgur.com/aha3LX3.png) +This is sorted by the total number of coins in circulating supply, from fewest (GBYTE, GNO, BTCD, DGD) to the most (KIN, XP, BCN, DOGE). There's an even clearer trend here that the coins with smaller total supplies are up a little bit, but the more coins circulating the more likely that coin is to be up by a lot. + +[Top 100 CMC coins by market cap](https://i.imgur.com/PXMjTeM.png) +This is the top 100 coins by the value of their total market capitalization from lowest (WTC, POE, BLOCK, ITC) to highest (BTC, XRP, ETH, BCH). This time there's basically no trend. The coins with the highest market caps are up just about as much as the lowest market cap coins, and it's fairly random inbetween. + +I'm neither a statistician nor a market analyst but this looks like pure market irrationality to me. The best recent predictor here for market performance of a coin is simply the size of its circulating supply, which is essentially a meaningless decision about where to put a decimal place. Satoshi could have just as easily capped bitcoin at 21 billion coins instead of 21 million, and maybe if he did the BTC market cap would be much higher because people would perceive it as "seeming cheap". + +We're in a bull market and nearly everything has been up, so there's a lot of FOMO and throwing money at anything that moves. If this was the stock market I would knowingly tap the side of my monocle and say "Oh ho, fundamental valuations will catch up to you in the end, and then you'll be sorry you didn't do your due dilligence." In crypto, however, I've seen little evidence so far that fundamental valuation ever catches up to anybody. + +EURO 2021 (EU21) is an amazing project built by Football Supporters and Crypto Enthusiasts from all over Europe! The goal is to enhance Football Fans experience thanks to DeFi. For the first time ever, Football Supporters will be generously rewarded during UEFA EURO 2020 Championship when their Favorite Teams win games or even the competition 🙋‍♂️‍🙋🏻‍♂️‍🙋🏼‍♂️‍🙋🏾‍♂️‍ + +At the end of the competition a NFTs Platform for Football Anime Characters and Football Players will be launched! EU21 token will be used to buy NFTs dedicated to EURO 2021. We have designers working on it at the moment and already have 5 players out of 25 ready 🔥 + +Supporting a team will never be the same! Enjoy this unique experience where the supporter is at the center of the field! + +NOTE: This is not "Betting", it’s just "Supporting"! You earn when they win but never lose your tokens when they lose! + +💻 External Links + +* Official Website: [https://eu21.football](https://eu21.football) +* Telegram Group: [https://t.me/euro2021\_eu21](https://t.me/euro2021_eu21) +* Announcement Channel: t.me/eu21\_official +* Twitter: twitter.com/Euro2021\_EU21 + +**EU21 Token** + +Contract Address: 0x87ea1F06d7293161B9ff080662c1b0DF775122D3 + +⚽️ Decentralized Supporter Token + +⚽️ Total Supply: 165,000 EU21 + +⚽️ Circulating Supply: 37,500 EU21 + +⚽️ Deflationary System (Token Burn Every Matchday 🔥🔥🔥) + +**Live Price Tracking** + +📈 Dextools: dextools.io/app/uniswap/pair-explorer/0xf33261d4a46cc424ccd8fbfa8484f2918d911471 + +**Secure/Rugproof** + +* ✅ Smart Contract Audited by Hacken +✅ Uniswap Liquidity Locked on Unicrypt +✅ All Non-Circulating Supply Locked + +**Where to buy EU21 Token?** + +🦄 Buy EU21 on Uniswap: app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x87ea1F06d7293161B9ff080662c1b0DF775122D3) + +**How to Join EU21 Supporter Pools?** + +* Earn up to 1000 $EU21 per Victory 😱 💰💰💰 +* 1️⃣ Choose from the 10 Best National Teams +* 2️⃣ Stake your $EU21 tokens to join your Favorite Team’s Supporters Pool +* 3️⃣ Watch your Team Games during EURO 2020 and Enjoy Rewards When They Win +* ⚽️ EU21 Video Tutorial: youtube.com/watch?v=QbM53Cp6ZBs +* 🏆 SUPPORTERS GRAND PRIZE: 25,000 $EU21 FOR THE VICTORIOUS POOL 🏆 + +**EU21 Ecosystem** + +* ✅ EU21 Supporter Staking Pools – 10 Teams (LIVE) +* 🔸 EU21 Farming Vault (Coming Soon) +* 🔸 EU21 Football NFTs Store (Coming Soon) +* 🎥 Watch the video here: vimeo.com/558969176 +Hello all! I’m new to this sub. My family will be coming into money from a settlement. Once our lawyer is paid we’ll have about 700k to work with hopefully. We know we want to use ~200k for a house cause we are in a rental we’ve outgrown right now. We’d also like to set aside 80-90k for new vehicles that will last for our family. + +We’d like to find someway to invest possibly 200k of what’s left. Preferably something that will gain interest and keep financially stable for years to come. Any advice is welcome! This is all totally new to us. +Now that JP Morgan and other analyst firms have given price targets of Re 1 for yes bank,are yes bank shares now worthless? +Understand that the lic/sbi consortium is getting pretential shares at Rs 2. +What typically happens in such scenarios when it comes to the conversion to common stock? +Believe the ratio would be be 1:xxx making the share worthless making a case for JPMC's valuation. +Can folks here throw some light? + +Edit: Yes bank has been placed under Moratorium and its board been thrown out,since. +https://www.investing.com/ + +2% down on Thanksgiving day as I see it. News says it's a new variant of COVID found in South Africa. + +I'll be selling VXX calls tomorrow +I'm considering chartering a crewed motor yacht for a family vacay - 6 adults, four kids aged 2-7. + +A few questions to those of you who have done it: + +* Is this a stupid idea with smaller kids? The older ones can have a lot of fun just island hoping or on the water (I'd charter something with a seabob or jetski). I'm a bit worried about the safety in terms of the smaller ones. +* At a budget of 30-35k€/wk, can I realistically get a chef on board to cook / do grocery shopping? +* Do you have any recommendations in terms of charter companies or concierges who can help with family-oriented planning? + +Thanks! +&#x200B; + +https://preview.redd.it/p7qh3whzde471.png?width=1600&format=png&auto=webp&s=87579d5918f1efd7a7c98234519b6c2d6b2a3070 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +https://preview.redd.it/nqplhq91ee471.png?width=680&format=png&auto=webp&s=b1e578460e7b924a8d1f3c560507c8ba95d19ff5 + +# GME what we learned yesterday + +* Smaller than expected net income loss +* More than $770MM cash on the balance sheet +* Poached key Amazon executives +* Pivot to E-commerce +* In addition to ex-Amazon hires, ex-FB and google +* New NFT platform +* No debt +* Price matching +* Same day delivery, new fulfilment centres +* Social media presence +* Opening community hubs for gaming +* Brand recognition + +All this aaaaand the stock price goes down... wut? + +A lot of information was dumped yesterday all at once, so let's get cracking shall we dudes? + +https://preview.redd.it/2vay5eisee471.png?width=1286&format=png&auto=webp&s=2abf52e1bdd33cbe4a4958436701447f6e2e3a10 + +Diana Saadeh-Jajeh (current interim Chief financial officer) will be replaced by Mike Recupero, and will be stepping down to her old position. + +Matt Furlong will be the new CEO for GME, start date is June 21st. + +Mike Recupero the new CFO Start July 12th + +[Source](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-announces-appointments-chief-executive-officer-and) + +Matt Furlong: + +Matt has been with Amazon for the past 8/9 years and has extensive knowledge of the technical side of things and has been the "country leader" for amazon for the past 2 years. + +Mike Recupero: + +Mike has been with Amazon for the past 17 years, he has experience with among other things the financial planning, digital advertisement, consumer business end, being the VP finance and CFO for Amazon Prime video and was the vp and CFO for north america. + +&#x200B; + +Even though we may not know a lot about these guys right now I'm sure that RC has chosen these people for a reason and as he said it "putting the right pieces in the right places". + +&#x200B; + +https://preview.redd.it/ezkb709fge471.png?width=661&format=png&auto=webp&s=75f898434ca538b493ac64799bf9495d1b7d2a2b + +# GameStop Releases First Quarter 2021 Financial Results + +Form 8-K + +[https://gamestop.gcs-web.com/node/18941/html](https://gamestop.gcs-web.com/node/18941/html) + +&#x200B; + +Ok wow, lets go over some bulletins points what is in the 8k (I'll go over the details in a bit). + +**First Quarter Fiscal 2021 Highlights** + +* Net sales increased **25.1% to $1.277 billion, compared to $1.021 billion** in the fiscal 2020 first quarter, overcoming a nearly **12% reduction in the Company’s global store base** due to strategic de-densification efforts, and continued store closures across Europe due to the COVID-19 pandemic; +* **Gross margin was 25.9%, a decline of 180 basis points compared to the fiscal 2020 first quarter;** +* Reported selling, general and administrative expenses were $370.3 million, a decline of $16.2 million, or 4.2%, from $386.5 million in the fiscal 2020 first quarter. Adjusted for severance, transformation and other costs, selling, general and administrative expenses were $351.7 million, a decline of $29.5 million, or 7.7%, from $381.2 million in the fiscal 2020 first quarter; +* Operating loss of **($40.8) million compared to ($108.0) million** in the fiscal 2020 first quarter. Adjusted operating loss of ($21.6) million compared to ($98.8) million in the fiscal 2020 first quarter; +* Net loss of ($**66.8**) million, or ($1.01) per diluted share as compared to net loss of **($165.7**) million, or ($2.57) per diluted share, in the fiscal 2020 first quarter. Adjusted net loss of ($29.4) million or ($0.45) per diluted share, compared to adjusted net loss of ($157.6) million or ($2.44) per diluted share in the fiscal 2020 first quarter; +* Adjusted EBITDA of ($0.7) million compared to ($75.5) million in the fiscal 2020 first quarter, and; +* Income tax expense was $1.3 million compared to income tax expense of $50.4 million in the fiscal 2020 first quarter. + +Ok so this is all good news right? then why the fuck is MSM reporting it like they had extreme losses? + +Going off of these numbers alone its amazing, zero debt, an increase in sales and cutting global operating by over half + +&#x200B; + +https://preview.redd.it/taktybdehe471.png?width=1182&format=png&auto=webp&s=0f805e5ce78e66d29bb4e56a0e546c0e836dc6e4 + +# the 5.000.000 share offering + +[https://gamestop.gcs-web.com/node/18961/html](https://gamestop.gcs-web.com/node/18961/html) + +I still need to go over this one with a fine tooth comb to find everything that is in this document, the things that do stand out to me are just with the last share offering, they can offer up to 5 million shares OR a max aggregate of $1,276,950,000 usd. + +What the exact details of the share offering is right now, I can't say but I will be going over everything as well as I can along with others and expect us to have more information in the days to come. + +&#x200B; + +# The 10-Q + +[https://gamestop.gcs-web.com/node/18951/html](https://gamestop.gcs-web.com/node/18951/html) + +this one ties back to the quarterly report, but with more details inside, one of those details that caught my eye however is the last sentence of page 21 + +>On May 26, 2021, we received a request from the Staff of the SEC for the voluntary production of documents and information concerning a SEC investigation into the trading activity in our securities and the securities of other companies. We are in the process of reviewing the request and producing the requested documents and intend to cooperate fully with the SEC Staff regarding this matter. This inquiry is not expected to adversely impact us. + +&#x200B; + +Hmm may 26th what did Cohen post a few days later? oh yeah riiiight RIP DUMBASS + +&#x200B; + +https://preview.redd.it/yq9cpc17je471.png?width=461&format=png&auto=webp&s=4c20c655e5592c3f470ef8b48dba0ecb40c4b230 + +&#x200B; + +# The 14-A + +[https://news.gamestop.com/static-files/b8fcb1ce-dfcf-42fd-89a8-dfaed2084dcc](https://news.gamestop.com/static-files/b8fcb1ce-dfcf-42fd-89a8-dfaed2084dcc) + +2021 Proxy Statement Notice of 2021 Annual Meeting of Stockholders to Be Held on June 9, 2021 + +This seems to be the proxy voting materials that other people had already received before the meeting, but as per rules they have to disclose this after, as per the rules + +&#x200B; + +I want to give a shoutout to u/jth1 for his exponential floor, because it seems to be accurate as hell for at least finding the lowest points for the stonk, which is awesome to have right now + +&#x200B; + +https://preview.redd.it/uj0tiophje471.png?width=640&format=png&auto=webp&s=e8d0b5b61be2106ba3e324f1e2dce8cc65d7dcdb + +So buckle up + +&#x200B; + +Reverse Repo hit 502.904 billion with 59 party members + +&#x200B; + +https://preview.redd.it/ur2oge7nje471.png?width=960&format=png&auto=webp&s=f8c21a2d44ace62da2eb77f71302426d6954af03 + +&#x200B; + +For the people who expected yesterday we'd hear the overvoting, lets remember what Wes Christian said; + +&#x200B; + +https://preview.redd.it/hey09fyuje471.png?width=828&format=png&auto=webp&s=8b29000f6a5dede2a3f71948d9ba3354abe8514b + +Also lets look at some of the data we DO have. + +The float on april 14th/15th was **54.16M** [source](https://web.archive.org/web/20210414170020/https://finviz.com/quote.ashx?t=GME) + +The votes yesterday came to about **55M** Votes that's the entire float right? + +So how come a lot of apes couldn't vote, lots of people being locked out, Etoro reporting only **63% have voted!** + +&#x200B; + +https://preview.redd.it/74o6bhbeke471.png?width=640&format=png&auto=webp&s=ae12f546f4d6dd2eccf5a9dcf21f055a8bbfb373 + +Not only to mention all the people who couldn't vote at all, the people who have added more shares to their account since april 15th (2 months of buying the dip), and brokers perhaps culling the voting numbers because let's remember what we have heard from the past ama's + +&#x200B; + +https://preview.redd.it/47oigizale471.png?width=640&format=png&auto=webp&s=d154ad30d59d15240a455cd295f80cd25591d114 + +Also on the votes check out this [thread](https://www.reddit.com/r/Superstonk/comments/nw8ak8/you_cant_report_an_overvote_on_an_8k_pass_it_on/) by u/stronkape89 + +You can't report an overvote on an 8k form, we have seen fud like this before were we EXPECTED to see some sort of information in the document only to not have it and people would spread fud about it. + +Or as the top comment on there even says by u/Sioned-Song + +>Gamestop 8K doesn't have a final vote count. +> +>Compare last year's:[https://investor.gamestop.com/node/18081/html](https://investor.gamestop.com/node/18081/html) +> +>To this year's:[https://investor.gamestop.com/node/18956/html](https://investor.gamestop.com/node/18956/html) +> +>Last year there is a statement with the total number of votes. That statement is missing from this year's document. + +&#x200B; + +[it always was](https://preview.redd.it/gwom0rdxne471.png?width=960&format=png&auto=webp&s=0972fc548f55e1b5db812f398248dd59ff59f29d) + +this along with the SEC probe leads me to believe there is more at play here in the backstage that we just don't know about and we will have to wait to see what the results are regarding this, However reading all this I personally believe that we do still own the float, and nothing has changed. + +Yesterday we saw a lot of attempts of FUD, and my god do I love Satori it was easy and simple to actually pick a lot of these idiots out, mostly new or newish accounts or revived dead accounts suddenly springing back to life to attack every chance they got, be it from attacking mods, people and the always classic "better sell, it's over" schtick. + +&#x200B; + +https://preview.redd.it/6e3vgpmrne471.png?width=577&format=png&auto=webp&s=49a087966b762bdc325def13727ac888e59aecbf + +# Breaking news, GME price falls to levels not seen since... 3 days? + +Seriously for the new apes just relax guys, we expected this to be a long hard ride, but... a flash crash attempt and the stock only goes down 30/40 bucks... ok... that's nothing lol. + +The thesis still stands + +Buy and hold, and now we can add "buckle up" to it. + +there are still a lot of things we don't know what GME is going to do with them, the Microsoft partnership, the nft, the ecommerce side of things, how they're going to adapt and pivot exactly (futures road map) so we hodl. + +Again there was a lot of information that got dumped yesterday so it will take a few days until we have combed through everything and found all the information, so everything in here is just preliminary. + +As soon as we all find stuff you'll see it pop up, I know lots of apes are currently hard at work getting to the bottom of everything because I'm with a group of people investigating some parts and I'm sure we are not the only ones, so relax sit back, read the documents, and if you grow a wrinkle share it with the group <3 + +&#x200B; + +https://preview.redd.it/8qgymimloe471.png?width=554&format=png&auto=webp&s=37ed9b2bfa93f8c4bec798af80da52bee95ab282 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +https://preview.redd.it/za8fahwnoe471.png?width=400&format=png&auto=webp&s=2b2ce96b144548800f99aa25382df3d8f0b41c67 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +Edit 1: + + Short Volume Ratio Update for 9. June 2021 [\#GME](https://twitter.com/hashtag/GME?src=hashtag_click) from AnnihilationGod + +[https://twitter.com/Annihil4tionGod/status/1402908783525961729](https://twitter.com/Annihil4tionGod/status/1402908783525961729) + +&#x200B; + +https://preview.redd.it/ggwxmpw5re471.png?width=4096&format=png&auto=webp&s=25378ad9313ffe18a97dc465d17b4a45785e8296 + +hmmmm my wrinkle in crinkling 🤔 +The COVID travel lull has me dreaming of big getaways, and with vacay time and money saved up it feels like I’m setting up for my biggest fattest splurge trip(s) ever. + +Curious what some of you folks would recommend - locations obviously, but also what activities, lodging, amenities, exclusive experiences, etc you have gone for previously. + +I love a low-key, cheap, humble getaway (eg. Secluded cabin) but let’s hear about the other end of the spectrum. +JP Morgan has closed down the bank account of Uniswap's founder Hayden Adams, a software engineer and tech entrepreneur. + +[He says not only him, but many others have been targeted just because they work in crypto. ](https://preview.redd.it/8c8d6t86zgd81.jpg?width=1168&format=pjpg&auto=webp&s=3e16db3fa7579cc6fbb2b0b9c75b26af8336dfc0) + +This is an abusive display of power. + +Uniswap is a multi-billion market cap trading platform that does revenue comparable with the likes of Robinhood. + +Banks shutting down accounts of individuals just because they work in what could be perceived as a competitor industry should never be tolerated. +Can you all share the best financial hack/advice you've received. I'll start, if you have any HSA eligible expense -- pay for the expense with your own money and upload the reciepts. Once your investments have grown, you can reimburse yourself back since there's no time restriction on reimbursement. Now you go! +Like the title said, I am currently 19 years old, I have a fiancé, a 2-year-old and another baby on the way currently. I’ve been trying to save money for the future but I can never seem to budget properly. + +I started a new job about 2 months ago, but will be moved to a new position sometime soon making a lot more. My biggest thing I want to know if how I should start investing for the future. + +I don’t know much about the stock market, I do currently have a Savings Account I’ve put a bit of money away in, but it only has a .01% interest rate… Im not sure if my best bet is it make a 401k, or try finding a Savings Account with a better interest rate? + +Im open to answer any question you may have to help my situation, so if you need to know anything, just ask, and don’t worry about any sort of questions ‘hurting me’ because I’ll be fine. I just want to make sure my family doesn’t have to struggle like I did growing up! +Those of us that have IRAs, are in trusts, foreign countries, etc. are not able to DRS either as easily, or at all. + +I'm seeing a deluge of posts recently that are basically blaming the victims if we miss out on MOASS somehow because we didn't direct register our shares. + +ALL OF US should receive the full benefits of being a shareholder. Put the blame on the brokers and the system for even needing to DRS, not on us poor bastards that have no choice but to buy through them. + +This is divisive and FUD, frankly, and it's disappointing to see on this sub. It's totally fine to encourage people that can to DRS, but it's way over the line to ridicule and blame those that can't. +The delightful irony in all of this is that the various powers on the other side of this trade have done absolutely everything they could think of to make holding GME a challenging, gut wrenching, doubt inducing experience. + +But what they did instead was paint themselves into a corner where it became clear as day that GME is the play of the century. None of their actions or the msm’s actions over the last year would have been necessary if GameStop was what they all claim it is. They played themselves. + +And now I get to sit back, more confident in this investment than I’ve ever been in any investment. Usually with a normal play, when the price moves down big it’s a gut check moment where you’ve got to circle back around to your underlying investment thesis and make sure nothing has fundamentally changed. + +With this play? Couldn’t give two shits when price goes down because it ain’t retail selling. That means these crooked fools are filling up the rockets with even more jet fuel. +[Link to the full article (2 min read)](https://www.cnbc.com/2022/10/25/alphabet-googl-q3-2022-earnings-.html) Alphabet stocks plunged in the extended market after reporting weaker than expected earnings and revenue for Q3. Revenue growth slowed to 6%, the lowest since 2013, as the company continues to experience decline in online ad spending. This is the first big tech earnings this week that focuses on the digital ad market. Snap reported weak Q3 results last week and reiterated the current challenges in the online advertising space. Google’s CEO acknowledged some of those concerns and has enacted cost-cutting measures across the company. + +**Check out** [**investorsnippets.com**](https://investorsnippets.com) **to get more bite-sized news like straight to your inbox for free.** +Hey all, + +Someone sent me this survey [published earlier this month](https://goldiraguide.org/nationwide-survey-42-9-of-american-adults-have-less-than-25k-saved-for-retirement/) that polled 5,000 Americans about their retirement savings. I'm honestly pretty shocked by these results. It seems like we're headed off a fiscal cliff in this country, given that the majority of Americans simply don't have the means to support themselves after their working lives. + +Some key highlights: + +* 18.5% of respondents nationwide report having $1 million or more saved for retirement +* 42.9% of Americans have $25,000 or less in a retirement savings account +* The results are skewed by gender, with 48.9% of women reporting having saved $25k or less compared to 35.6% of men; men outnumber women nearly 2:1 among those who report having more than $1M saved +* Politically “red” states generally have less saved than “blue” states +* The states with the highest population percentage with *less than $25k* saved are Oklahoma (59.2%), Indiana (53.4%), and Alabama (52.1%) +* The states with the highest population percentage with *more than $1 million* saved are California (21%), Connecticut (19.7%), and Michigan (18%) +* The results are not greatly skewed by age; 36.2% of those aged 45 and older have less than $25k saved for retirement + +What are your thoughts on this? For me, I'm also kind of surprised to see politically conservative states have such little savings, given the general ethos of looking after your own in these states. +By developing the ability to transfer large amounts of DNA data on a blockchain in a secure and anonymous way, the company’s vision is to bring a new world of genetic possibilities which will allow for advancements in research, developments of treatments, and cutting-edge personalized and preventive medicine. +Let's get one thing out, I was brought up a spoilt brat. I could get watever I wanted, no questions asked. In my late teens I was given a large amount of money, which was put in a bank account, and have been living off of that since (~10years). It made me very careless with money. As a result, I've picked up a certain hobbies and lifestyle. + +Earlier this year I realised that I've almost burnt through the account. Started applying for jobs, but because I dont have any previous work experience, or qualifications, the only thing I could get was a position that pays $50k a year. After getting paid i realised that the account is still getting smaller. Looking through the account, found out that on average im spending just over $10k a month, while barely earning $4k. + +I have no idea what to do, how to bring down the costs, how to get a job that pays well. + +I realise that I've been spoilt, careless, and snobby. How do I fix it +"If you won't let me fully work-from-home, go ahead and fire me" +(said more diplomatically). + +How did that go? Looking for tips and things to watch out for. +I have been running a small (3-4 employee) home renovation company in Austin Texas for the last several years and used it as a stepping stone to getting into real estate investing. The market is insane here and competition from house flippers tough. + +I have good credit, good income, and low loans but still it seems that to buy in town anywhere, you’re looking at 300k+ for a fixer upper. I’m not against this but I was curious what the major setbacks would be from just attempting to build a small 2 bedroom home myself, or potentially even a duplex. I have an engineering degree, my brother is an architect, and I’ve gotten a decent bit of experience from running my company. + +Any advice would be greatly appreciated. +Start early, pick small companies and go all in “vigorously” as he put it in 1999, with his $30b now around $100b (so about 300% profit in 20 years). The questions are where are those companies and how someone like me can find them? Talk is easy + +https://www.moneycontrol.com/news/trends/warren-buffetts-1999-advice-on-how-to-invest-10000-is-still-relevant-today-8670271.html +While browsing the internet I found this interesting video about a research paper on real state of Chinese economy [https://www.youtube.com/watch?v=A5A5Eu0ra3I](https://www.youtube.com/watch?v=A5A5Eu0ra3I) I find it especially interesting in face of articles like [https://www.business-standard.com/article/international/china-s-once-profitable-railways-records-900bn-debt-over-push-for-growth-122070800124\_1.html](https://www.business-standard.com/article/international/china-s-once-profitable-railways-records-900bn-debt-over-push-for-growth-122070800124_1.html) and the whole Evergrande problems [https://www.dw.com/en/tense-times-for-chinas-evergrande-as-unit-sale-collapses/video-59573923](https://www.dw.com/en/tense-times-for-chinas-evergrande-as-unit-sale-collapses/video-59573923) +**Sign the petition here: https://www.change.org/sec-amend-13-f** + + +Retail Investors demand more visibility into institutional trading and borrowing. Anyone investing over 1 billion dollars (i.e. hedge funds and other investment institutions) is required to disclose their holdings to promote transparency in our markets - it's called Form 13-F. **But did you know that they only need to disclose it 4 times a year? And did you know its published with a 1 month delay? And did you know that they don't need to disclose all of their positions?** + + +We the people are asking for a re-evaluation of transparency requirements for Institutional Investors. We have access to technology and data that gives us new sophistication - and are beginning to understand there is a tremendous disparity in access between retail and institutional investors, and are concerned that this access is being used against us, in ways that we genuinely worry could be in flagrant violation of Securities Laws. We believe that with better access to institutional trading data, retail investors can better participate in the market when making buying and selling decisions. + + +**According to Form 13F (https://www.sec.gov/files/form13f.pdf), Institutional Investors only need to disclose their positions 4 times a year. Why?** + + +*Filing of Form 13F. A Manager must file a Form 13F report with the Commission within 45 days after the end of each calendar year and each of the first three calendar quarters of each calendar year. As required by Section 13(f)(5) of the Exchange Act, a Manager which is a bank, the deposits of which are insured in accordance with the Federal Deposit Insurance Act, must file with the appropriate regulatory agency for the bank a copy of every Form 13F report filed with the Commission pursuant to this subsection by or with respect to such bank. Filers who file Form 13F electronically can satisfy their obligation to file with other regulatory agencies by sending (a) a paper copy of the EDGAR filing (provided the Manager removes or blanks out the confidential access codes); (b) the filing in electronic format, if the regulatory agency with which the filing is being made has made provisions to receive filings in electronic format;* + + +**In your FAQ (https://www.sec.gov/divisions/investment/13ffaq.htm), it is clear Institutional Investors are not required to disclose short positions. Why?** + + +*Question 41 +Q: What about short positions? +A: You should not include short positions on Form 13F. You also should not subtract your short position(s) in a security from your long position(s) in that same security; report only the long position.* + + +**Contact the SEC and let them know retail investors demand increased transparency (https://www.sec.gov/contact-information/sec-directory)** +Hey there, dildos and dildettes. I normally keep my DD to myself and my friends, but if I can convince my cautious anchor to reality that GME is going to the moon, maybe I can help you do the same. + +If you don't have someone keeping you grounded and real, you should. Fiery passion only beats cold hard facts in Julie Garwood novels and succubus hentai. + +**OBV** + +OBV = On Balance Volume and typically it follows the price movement closer than Citadel interns follow this sub for the latest image of Kenneth as an alien covered in nipples. (You fuckin weirdos) + +Here's the OBV on some stocks that mean something to normal bipedal hominids: + +[FB](https://imgur.com/gallery/4IMydAK) + +[NIO](https://imgur.com/gallery/KUbCzyN) + +[AAPL](https://imgur.com/gallery/e8smoN5) + +[SPY](https://imgur.com/gallery/ucCmYAY) + +Very clearly you can see that the price movement and the OBV need to get a room. Now let's look at the OBV of GME. It should have the same line as the one on your RH homepage right? + +[DatBoi OBV](https://imgur.com/gallery/mldjnYn) + +Fuckin WRONG. Now I know what you're thinking: + +>But u/OverlordHippo how can you call us dildos when you didn't even crop your screenshots. + +Blow me, I just realized it and I'm not redoing it. + +*So, what's the formula that turns numbers into lines here?* Come on now, let's not pretend you'd understand it. Think of it like this though; There are daily posts showing the buy/sell ratio being a win for the Apes. The OBV confirms that. + +*What does this mean?* Look at the GME picture again and imagine the price movement continuing the way it should have without the good old fashioned HF fuckery. It looks like it should be sitting around $550. + +That's $550 without any shorts covering. Shorts covering equals = buying. Buying = price goes up. OBV shows buying is dominant, yet price goes down = shorting enough not to just stop it from going up, but to push it down significantly. Tits = Jacked. + +**Beta** + +We're not talking about your personality here. We're talking about a stocks relationship with the rest of the market. The market beta value is hard set at a value of 1. + +If a stock has a Beta value greater than 1, it's price will move in relation to the market's movement, but to a greater degree. If a stock has a Beta value lesser than 1, it's price will still move in relation to the market's, but to a lesser degree. It's rare, but a stock can have a negative beta, which means that it has an inverse relationship with the market. + +Most stocks hover around the market value. Best buy is 0.82, Amazon is at 1.11, that sort of thing. The stocks within the market as a whole typically move together. You see those posts with all the red squares when the nasdaq has a shit day. Good days and bad days evened out and extraneous events aside (like some CEO gets caught on a zoom conference with a fleshlight/nipple clamp combo in his desk drawer shaped like a scorpion) the market moves in tandem to the stocks that comprise it. + +Here's some boomer piece talking about how stocks with low Beta are a great way to hedge your portfolio against market volatility. + +[Lowest 5 Beta stocks of the S&P 500](https://www.suredividend.com/low-beta-stocks/) + +In there you'll find such classics as *Johnson and Johnson* and *Proctor and Gamble* the kind of stocks that are less exciting than re-uploading screenshots that you forgot to crop. The point being that the lowest Beta of the SPY is Walmart at 0.36. + +That's the extreme outlier of stocks considered relevant. + +[Here's GME](https://www.infrontanalytics.com/fe-EN/34916NU/GameStop-Corp-/Beta) + +-5.62... Not just 0.069, not -4.20, but -5.62. + +Basically the market could implode and GME is going surfing the waves of the tears of everyone who doesn't have some. Someone should buy an ad on NPR or a commercial during MASH reruns about hedging your portfolio with GME against market volatility. Our granpappy's will be burying shares of GME in the woods behind their houses and shit. + +*Are we the boomers now?* I fuckin guess so. It's going to be hilarious saying: + +>You should've hedged properly against this volatile market by buying something safe like GME. + +So there it is. Data driven proof of price suppression and certified boomer approval of portfolio hedging strategies against market volatility all wrapped into one tasty package. + +**Summary/TLDR** + +OBV and Beta definitively show that the price is both heavily suppressed and that GME is a safe haven in a volatile market. Not only are we correct in our reasoning, we're in a financial lifeboat rowing away from the sinking Titanic that is the market. + +If that doesn't convince the skeptics in your life, then name your yachts after them or something. + +**TLDR for those who can't read** + +🚀🚀🚀💎🤲💎🍆🐜🚀🚀🚀 + +**** + +**Edit**: Lots of dildapes out there twiddling their neckbeards and saying things like + +>OBV and Beta can't be used to predict price movement, they're made up of data from previous price movements. + +Congratulations, you just described literally all of technical analysis. *No shit* it's made of data from the past and present. It's not like it's made up of data from the future, McFly. MACD, RSI, Stochastics, candlestick patterns, and the skidmarks in your briefs are all entirely comprised of prior movements and used to predict future movements. Even the skidmarks. **HELLO** you already almost shit yourself... Are you going to try and sneak out another one? + +**Edit Part Deux**: I see a lot of different Beta values being posted from different sources. Yahoo Finance shows -1.94 and the Bloomberg terminal shows -bazillion. *Which is it?* As some have said, some sources don't include AH trading, so who knows. It's probably something closer to zero than the overpriced boomer machine that runs Windows '69. But, with information as it is for us lowly peons of the financial world, who tf knows. You can bet your Shrek box set on the fact that if even Yahoo Finance says it's *pretty* bad, it is really fuckin bad. +Being new to the redit group, I thought about saying something, I took my favorite nephew and showed him a few of my trophies properties , and told him the story......Feel free to comment or detail one of your best deals! Which by the way reminds me of a neighbor of the project I am working on, I mentioned that I usually get a "deal of a lifetime" maybe 2-3 times a year....... but perhaps that is going the wrong direction. + +I turned right and drove around the block to see 3 small duplexes on one lot. It was in the bad side of town being zoned heavy industrial, near the factories, it had broken doors and windows and a dilapidated exterior. The whole demeanor of the property screamed at me, "tear me down". Also in that property, I saw the ticket to the "deal of a lifetime", a red tag notice on the broken door stating it was scheduled to be "abated" if the "nuisance" was not addressed by a certain date. I called the city guys and asked if I boarded it up, would they remove the red tag? After assurance that they would, I also called the assessor, (Days before gis) finding the owners name in a far away state, he was never coming back and was going to abandon it. I offered him 25K with 10% down and he agreed! After the first renovation I have kept those buildings rented now for over 20 years! It now produces a little over 500 each so 36k a year! +Hi r/superstonk + +This morning Bored Ape Yacht Club, one of the most popular NFT collections, minted their latest drop on Layer 1 Ethereum, wasting $100 million in users' gas fees. People were not happy. [https://twitter.com/StonkHands/status/1520607411043991552](https://twitter.com/StonkHands/status/1520607411043991552) + +They're currently planning on building their own blockchain to scale in the future. + +This is a huge waste - Bored Apes were born on Ethereum, and Ethereum is where the best liquidity and security for NFTs are. It's why we built Immutable on it. + +**We're creating a proposal to scale ApeCoin's future drops with Immutable X.** + +1. [https://twitter.com/0xferg/status/1520673188685901824](https://twitter.com/0xferg/status/1520673188685901824) +2. [https://twitter.com/Immutable/status/1520672863317274624](https://twitter.com/Immutable/status/1520672863317274624) + +If integrated, this would mean all of ApeCoin's future drops would by default be tradable and accessible on GameStop. + +**ApeCoin is a community governed DAO - the more public support we can generate for this the better.** + +LFG, + +Robbie +Not even sure if it this matters, but I feel like I should tell my story. + +Im the odd man out when it comes to a group of friends that are in the financial business. But I am close with one friend who had a bachelor party this weekend. + +The party was at the lake house of the chief regulatory officer for One of the firms mentioned. They are mentioned only a few times in the Maxine Waters report dropped on Friday or so he said (I’m still trying to catch up and read the report. Long weekend.) + +So sat morning we are sitting on the deck shooting the shit, and someone brings up latest SCOTUS news. The guy says “Thank god for that”. And then proceeds to tell us how perfect the timing was for the SCOTUS decision because it completely muffled the meme report. He spent most of the day Friday reviewing legal documents about this report. + +He then went on and started talking about Crisis management and how his days were hell around the sneeze. I have video of him talking about this. (Damn right I started recording) but I’m not sure if I should post. But one of the things he said word for word was: + +“That’s the report I was reviewing Friday all day. We were mentioned a couple times out of 138 pages so we totally missed it, it focused on like 9 other firms. But we stopped trading in GameStop and popcorn (he said the letters) because one of our clearing brokers was about to go out of business.” + +This is all a trust me bro source. Although I’m sure there are ways I could prove it. But my tits are so jacked from hearing how nervous they are right NOW. And they ain’t even one of the big firms. He also ended the conversation bashing retail and how we are trash for what we are doing. He has no idea I’m a 100% DRS’d Diamond handed ape. 😂 + +Not sure what to flair this so I’ll just choose Speculation/opinion. + +Keep holding apes, they are scared. 🚀 +Like if they normally got paid every Friday and got the bank cards to get paid early maybe Wednesdays then they'd be waiting every Wednesday (every 7 days) +Hello day traders! I hope everyone is having a green day. I wanted to share my story of my first week trading... + +(Apologies in advance for the long post. TL;DR is at the bottom.) + +I have been using simulators, reading, and watching training materials as much as I can about day trading for more than a month now. Technical analysis fascinates me far more than fundamental analysis does. I have been learning from my mistakes and forming my own strategies in a simulator account for many weeks now. I've started being more active in this sub sharing what I've learned, and I'm really enjoying the prospect of day trading so far. I see it as a great vehicle for growing my long-term wealth as long as I stay disciplined with my strategies and applying what I've learned from my successes and failures along the way and keep my emotions out of it. + +About a month ago, I opened a $500 cash account with TD Ameritrade / ThinkorSwim, and I decided to start making my first trades in the account last week after spending some time learning and practicing. The first two trades I made in the middle of the week stopped out at -$.50 and -$2.39 on Tuesday and Wednesday, respectively. Both were stop losses set just a little too tight and stopped out before the stock had room to breathe and went up right afterwards. So I let my cash funds from those two trades settle through Thursday. + +Then on Friday, there was $EYES. I saw it appear on my volume scanner earlier in the day when it was trading between $2 and $3, and I made several trades in my simulator account in that price range. I got some practice scaling in and out, and I was feeling pretty good. I felt good enough about it with the news catalyst that I decided to open a position in my real money account in ThinkorSwim and scaled up my position in it using \~$350 of my \~$500, filling between $3.37 and $3.76 and averaging out at $3.49. + +While I had made a bad entry and took a loss in my simulated account shortly after this, I wasn't seeing a loss of more than about $10 on my real money account position at any point. I was willing to risk up to $25 on this trade, and the trend for $EYES looked very much like it was continuing upward. I felt good about the price hitting $4.50 or $5.00 after it spiked over the $4 mark. (It was actually at about this time that I entered into what I think was a perfect trade in my simulated account and made over $100k profit, but that's another story!) + +As the price moved up past $4.50, I set my stop loss at about $4.00 so I was locked in for at least a $50 gain (+10% on my \~$500 account). As the afternoon drew on, I got a little busy with at work and wasn't paying as much attention to the ticker or moving up my stop anymore -- I probably should have set a trailing stop when I got distracted. I missed out on the ATH of $9.89 set for the day, and the stock came falling back down not long after. I ended up holding onto my full position through the weekend. I was still in the green, though, so I couldn't complain. I was a little worried about what would happen Monday morning. The price fell to around $5.50 during extended hours on Friday. + +So I woke up this morning, and before I had a chance to look at the ticker, I had decided that if the price in pre-market was still at least above $5.25, that I would go ahead and move my stop up to around $5.00 to lock in a $150 profit in case the price fell at the market open. When I did finally see the ticker in pre-market, to my surprise, the price was already up over $8.00 and volume was high. I was feeling really good about still holding my position at this point! + +So I stuck to my strategy. I set my stop at $7.00 (+100% profit mark) when the market opened, I drew in my supporting trend line as the price stabilized over the next 30 minutes. I kept an eye the VWAP and my supporting trend line every time the price came back down again. When the price moved back up and away from my trend line or the VWAP, I moved up my stop to either just under VWAP or just under the longer-term upward supporting trend line that I had drawn in for the morning. Then the price went way up. I probably could have sold when the price spiked over $14, but I missed it and held on since my upward supporting trend line was still holding firm for a while even after the price dipped back down. Once the price broke downward through my supporting trend-line and below VWAP, my stop at $10.81 was hit and my sell order filled at $10.79 average price. + +I bought in for a total of $349.10 and got out for $1079 for a +$729.90 gain, or +209% profit. I'm seriously happy with how it turned out. In the future, I don't want to hold overnight or through a weekend like that again. It got in my head a little bit. I'm glad it didn't stress me out too much because I think this stock had good upside potential, but I can see how if that weren't the case, it would have really stressed me out. I want to enjoy this. + +Anyhow, I felt like sharing my first "big" win that I enjoyed today with this sub-reddit community. I'm sure it won't ever be this easy again, or it very rarely will. + +**TL;DR: In my first week of trading real money, I got in on 100 shares of $EYES at $3.491 on Friday in a new $500 cash account, held through the weekend, and I got out today at $10.79 after missing the price spike to over $14. I sold my position for $1079 and made $729.90 off of $349.10 for a +209% profit. I more than doubled my new $500 ThinkorSwim account, and I have zero regrets at all about not selling at over $14 today.** + +Here is my publicly shared TraderVue entry for this trade: [https://www.tradervue.com/shared/trades/28494663](https://www.tradervue.com/shared/trades/28494663) +Anyone have any comments on why the Canadian crypto miners are losing value (despite many thinking they were already undervalued) while the prices of crypto are surging? + +Is this a good time to buy the dip? +So I'm a salaried employee on 18k a year with a contract of 40 hours a week. Which means I earn £8.65 per hour which is fine. + +The problem is that during a certain week when things get busier it is "expected of me" to work an extra 30 minutes per day. So for this specific week I end up working 42.5 hours which equates to £8.14 per hour which is under my minimum wage. + +In my contract the only clause about overtime is that it must be authorized by my manager and upon trying to look up laws and rights online I couldn't figure out if what my company is doing is fine or if I should be getting paid for the overtime. + +I apologise if this is the wrong subreddit for this, please let me know if it is. +Hey, + +I keep seeing in here to leave robinhood. Can some explain why? + +That's all I've ever used and I'm considering leaving but can anyone explain why ? +I recently posted my old drum kit to sell for about $1,500. This guy messaged me on one of the platforms that he wanted to buy my kit for a little bit less. I'm in a hurry to sell it and I was anticipating some haggling anyway, so I agreed. He then tells me that he will mail me a check plus some extra to pay for shipping the drums to him. His whole story was very vague as to why he couldn't pick up the drums himself, or why I had to pay for it. I figured if he sends me the check and it clears, then it's all good probably. I got the check in the mail this morning but it is for almost THREE TIMES the agreed upon price. As much as I would like to accept the money... what is this guys angle here? There's no way shipping drums would be over $2k, right? + +Along with the check, he also sent a cryptic note saying that I should text someone named Rebecca (not the guy's name) once I have deposited the check so that their company can "update" their account. At end of the note it says "Do not in any way disregard this note and instruction on it even if you are told to do so, it is mandatory for you to comply to avoid any difficulties. Thanks for your understanding. Regards, Company CPA." After typing that out, this all seems even more sketchy. What do you guys think I should do? How do I verify that this dude is legit? Should I just toss everything and find someone else to sell to? + +Edit: Got it. This is a scam. I suspected it was, but was not sure how it would work until now. Thanks for the help everyone! +I have a bit of disposable income and invest enough so want to spend or save for something that I’ll actually enjoy. + +I spent 80k on a fishing boat at start of the year and was totally worth it use it once a fortnight best hobby ever. The memories and experiences made with it have been more important than money in the bank. + +Spent about 5k on an office setup at home and have not used it even once. Sometimes we dry clothes in there. +Good morning, + +&#x200B; + +Just saw a guy who claims to have an algo strategy that gets him from 5% to 7% montly returns, is this even possible? because in my book that's too much I'm new to all this so that's why i'm asking. What's an real monthly return. +Interesting day today - lots of fear out there apparently that the stretched valuations aren't going to hold up. + +S&P down to negative for the year after starting off super hot. +Hi Fellow dividend investors, I would like to keep the tradition alive with yet another monthly update from my dividend portfolio. + +What a month this has been, since I am breaking my previous dividend record with more than $80 + +The previous record was $405, and this month I have received $488, getting so close to milestone of $500 in a month + +I received the following dividends after withholding Tax + +11.13 LTC + +54.15 BMY + +78.63 VZ + +29.83 CVS + +40.52 GD + +143.65 ABBV + +9.82 SKT + +121.13 UNM + +I have made one purchase this month, since I have added 50 shares of NXST (NEXSTAR BROADCASTING GROUP, INC.) which paid $7413. + +The current value of my full portfolio is around $154.000. + +How has May treated your portfolios and what have you done? I am always curios to see what other dividend investors are adding. + +edit: + +I can see that I have received a dividend from NXST $29.75 yesterday as well even though it was first visible on my broker account today, hence I have breach the milestone of $500 which amazing. So this months total is $518. + +&#x200B; +I know SCHD is one of the sweethearts of this sub and I do like its combination of dividends and growth. However, if you were to split your money 50/50 between SCHG & QYLD you would get roughly the same growth and more than double the dividend yield when looking at the past 5years’ performance. + +SCHD on its own pays less than 3% yield and has had 87% growth over the last 5 years. So an average year will get you ~20% return (17% growth + 3% dividend) + +SCHG has had 169% growth over 5 years, the dividend is minimal so I won’t include it. QYLD pays around 12% dividend, the growth over 5 years has been minimal so I won’t include that either. Splitting your money 50/50 between the two you get an average return of ~23% (17% growth + 6% dividend) + +Based on the last 5 years, you would have increased your average annual return by 3%. Your growth would have stayed the same (17% per year) but you double your dividend yield from 3% to 6% overall. +So I’ve been stacking for a couple years now, pretty much only buying through Coinbase. With the recent attempts of regulation in both the US and Canada, I want my crypto to be truly anonymous. How should I go about moving my Bitcoin from my current wallet to a non-kyc exchange so that I can “wash” it? Should I transfer to USDC first? I know if I cash it out and re-enter, that will probably trigger the IRS and that’s the last thing I want. Any and all advice is welcome. +⏭ These next weeks are going to be incredible for $ORT OMNI Real Estate Token as they launch more insane marketing 📣 and step up the development phase of their Real Estate NFT Marketplace. + + 👉 In just a few weeks they are going to launch staking benefits and more with the $ORT Token and offer real Real Estate investments with crypto. + + 🛒 So you can buy properties with crypto. And these properties are sold as NFTs with real ownership. They’re actually developing a whole app and wallet and place to trade Real Estate assets and earn up to 40% return on Investment! + + 🏘🏡 The first real Real Estate company to step into the crypto space and make it possible to invest in properties like 🏭 villas, 🏢 apartments, 🛌 penthouses and more using cryptocurrency. + + 💰Their presale sold out super fast and now we’re only weeks away from seeing the NFT Marketplace go live, which is going to be powered by the native $ORT OMNI Real Estate Token. + + 📺 Now they’re following up with all their promises and doing next level marketing partnerships with influencers and known media agencies. + + 🏬 They’re doing billboards in Marbella where the Real Estate industry is active and where property investments are going to be possible on the $ORT NFT Marketplace + + 🤝 The real deal is in the partnerships and where OMNI Estate Group and Passive Income are working together to create NFTs and offer investing in property with cryptocurrency. + + 👥 Everyone should have access to investing in Real Estate and should also be able to use their crypto to invest in assets and earn solid returns! + + 👉 Take a moment and digest, it’s a lot to take in and is so unique when you realize it’s one of the few projects with a utility case in the worlds largest asset class which is Real Estate. + + 📦 Pack your $ORT bags and get ready for villas in Marbella, up to 40% Return on Investment and even fractal NFTs on the $ORT Real Estate Marketplace. + +omni-psi.com + +t.me/omnipsi +This site currently shows the 30y fixed APR is at 4.95% + +Will this cause us to lose equity on our rentals making it harder to cash out refi? Wouldn't this also set us back from our fatFIRE by maybe a decade if equity collapses? + + +https://www.mortgagenewsdaily.com/ +All small saving scheme including PPF and Sukanya rates have been slashed. + + +[Bad News! PPF, NSC, SCSS, other Post Office Schemes interest rate slashed by up to 1.4%; Check details](https://www.financialexpress.com/money/small-savings-scheme-interest-rate-cut-check-post-office-savings-scheme-2020/1915223/) +TA:DR +Toxic swaps are about to explode again for the first time since '08. You likely already know this, but its fun to read again. Buckle up buckeroos + + +Around last September an employee at a [bulge bracket bank](https://en.m.wikipedia.org/wiki/Bulge_bracket) (supposedly, we never can really know) posted an illuminating write up of his findings after researching his colleagues' active [Total Return Swaps ](https://www.reddit.com/r/Superstonk/comments/pbqrf4/bearish_negative_exposure_trsetrs_the_full/) agreements. + +With all the talk about swaps, and TRS in particular, let's remember that we've been told about this for a while, and if you haven't already, you should definitely buckle up. + + +Here is the original text from that post: + +All credit goes to u/zyzzbrah21 + + +"Let me preface by saying, my brain is incredibly smooth, but because I have all my FINRA licenses, this is financial advice (oops). Now I started off as a smooth brain retard in college with a mid 2.0s GPA and somehow by the stroke of luck (and lying on my resume, why? bc fuck their standards) I managed to get a role in Fixed Income Sales & Trading at one of the Bulge Bracket Banks. (Very happy to verify this with the mods if they need me to). + +That being said, I've been a lurker and Ape since mid-April and wanted to stay quiet bc at the end of the day when the House of Cards comes crashing down, I'm out of a job, but at least my bank account will look like a phone number. Over the last few weeks, I've started digging into a good amount of TRS/ETRS for both fixed income and equities at work and there is something that I uncovered that really painted a picture of just how fucked the world is because all these idiots that I work for and work with have gambled all of our money away over the last decade. (Now this has been talked about, but I want to dive a bit deeper on the dominos) Alas, I give you: The Bearish Exposure TRS (Negative TRS). Now I'm not good with pictures and graphs.. like I said low 2s GPA. but try to stay with me. + +So I work in FICC sales in which we deal a lot with TRS on Fixed income securities such as Libor, SOFR, various, benchmarks, and Treasury Bonds. That is fairly simple: + +US 30Y Bond TRS: +Counterparty A (Kenny) pays Counterparty B (Investment Bank) a fixed rate (0.05%) on X Notional (1BN for example) +Counterparty A (Kenny) receives Total (positive) Return (or pays Total loss) on 1BN 30Y Bonds over a set period of time (months or years) + +Now as a TRS trader at an investment bank, it's fairly simple to hedge this position. You turn to your bond trader next to you and have him sell you 100BN 30y bonds that way if Kenny's position increases, you are ok because you actually own the asset as your hedge. No matter what, you are walking away with the 0.05% fee that you are getting paid to do this which is a great deal. + +The same applies to equity TRS (think ape, think): +Kenny pays 0.05% and receives TRS on any stock or basket of stocks he wants.... At least that's the proper way to do it. + +But these clowns couldn't stop there... now I present to you: Bearish Exposure TRS on GME (or a meme stock basket): +Counterparty A (Kenny) pays Counterparty B (Investment Bank) a fixed rate (0.05%) on X Notional (1BN for example) +Counterparty A (Kenny) receives Total Bearish (negative) Return (or pays Total positive gain) on 1BN Notional of our favorite stock over a set period of time (months or years). + +Now here lies the problem, how the f*uck does an Equity TRS trader hedge this thing. OH, THAT'S RIGHT, YOU TURN THE CASH EQUITIES TRADER NEXT TO YOU AND SHORT THE STOCK. +-in this case, if GME goes down and Kenny is owed tendies, you are covered because you shorted the stock and can now pay out the bearish return while still making the fixed rate that you receive from Kenny. That a win?? Right?? Wrong. + +This is when I realized that the music had stopped and swiftly proceeded to move my entire 401k, and useless company stock to GME on top of what I already had. + +The reason citadel and friends need to use these bearish exposures ETRS's is because there may literally be no other way he can get a borrow to short the stock. Also, many market makers find it quite profitable to these TRS's because of course they make their 0.05% and their heads are so far up their own asses that they assume the house always wins..... until now. + +The dominoes start the fall... + +As the next gamma squeeze approaches and market makers slowly eat themselves alive without realizing it, the following will unfold: + +SHF's now have un-imaginable short exposure to a basket of stocks (specifically concentrated in GME) in both short positions, optionality and, negative exposure ETRS. (god help us all). +As call buying drives GME into a gamma squeeze (while market makers hedge their short calls), the value of the stock market will likely decay along with any collateral that short hedge funds have posted against their shorts. +Some crusty fat guy up in risk management will walk in and realize the end is near and now they all gather to prepare for the end. +our beloved marge is called.. now here is where it gets wild.... what happens when you fail a margin call??? That's right, forced liquidation. +By now we are already seeing numbers we couldn't even imagine. but it doesn't stop there...With SHF's gone.. there is this one little problem... WHAT HAPPENS TO ALL THOSE NEGATIVE ETRS SWAPS?? I'll tell you what.. They go, poof. And when a TRS counterparty that was supposed to pay you if a stock goes up goes poof, no one and I mean no one will be able to pay you that return that you were owned by Kenny since the stock soared to infinity. +And that's when you realize it all over because you just shorted a billion notional of a stock that's up 10000% to hedge a position that doesn't exist anymore. I'll let your imaginations paint the rest of the picture. +You (the TRS trader) piss yourself as the walls close in, your boss comes over and takes a piss on you, his boss comes over and does the same. you're all covered in piss as you walk outside, jobless, to a bunch of apes with fruit up their ass that took you for all the money in the world. +Now I've never written a DD before but this one seemed fitting. Once again, my brain is pretty smooth so there is some retardation to this all, but hopefully, it's enough for some of you to understand the general idea of it all. This is only a piece of the puzzle but it's one that they have been trying to hide because it really paints a picture of how deep the rabbit hole goes. SHF's, Prime Brokers, Market-Makers, DTCC, & The Fed in that order are going to feel whats it's like for the House to finally lose and I can't wait to stand there with you all when they do. + +That money in the caymans is ours, the money at the investment banks? Ours. The money at the Fed, believe it or not... ours as well. It's time to reset the natural order of the world. GLTA." +You think I'm joking? Not even in the slightest. Let's look at some numbers. When the short interest on any stock exceeds 100%, shareholders set the price. It’s literally that simple. This is because when shorts cover they will have to buy back **100% of all shares ever issued**. Now even if tons of people paperhand and institutions sell, (neither of which I think will happen to a large degree) HF's still NEED your shares, because you alone own a small percentage of the float, and they need to buy back every last little percent of it. Not 99.5%, not 99.999999%, they need to buy back 100% of the float. You thought that sounded good? Let’s look into the specific case of GME, where shit really gets fun. The short interest is somewhere between [250%-](https://www.reddit.com/r/GME/comments/m19oh7/true_short_interest_could_be_anywhere_from_250_to/)[2000+%](https://www.reddit.com/r/GME/comments/mewkf8/thesis_si_is_upwards_of_2000_gme_is_a_100/). Combine this with the fact that [retail](https://ibb.co/zPmHgCN) owns [over 100%](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/) of the float and this rocket ship just changed its course from the moon and beyond to *the fucking edge of the observable universe*. As we now know, when SI is over 100% of the shares issued shareholders set the price. In the case of GME, the SI being between 250% and 2000+% means that these HF’s will have to buy the float somewhere between 2.5 and **200+** times over. Because of this, **THE PRICE WILL RISE INFINITELY UNTIL ~~EVERY SINGLE SHARE IS COVERED~~ SHORTS HAVE COVERED SO MANY SHARES GME IS BACK TO THE ONLY THE ORIGINAL 69 MILLION SHARES, NO PRICE IS TOO HIGH**. If your ape brain doesn’t have the capacity to fit more than 1 sentence in it, then just remember that one. So when speculating about possible prices, literally no number is too large. 20 million/share? Way too low. 50/million? C’mon lets actually think big. 100 million/share now you’re going in the right direction. 420,690,000/share? Now you’re thinking like an ape. + + + +**But /u/mpraisinman, they won’t be able to pay that much per share! The DTCC will go bankrupt and the world economy will crash! The Government will cap gains!** + +Worry not my fellow ape, this is completely false, and for a few reasons. DTCC insurance and the geometric mean, as well as the fact that GME is now an international phenomenon, so the eyes of the world are on the U.S. They will not step in because if they do they lose that sweet sweet 37% capital gains tax which will be used to help fix the mountain of debt, people would lose trust in U.S. financial markets (still weary from 2008, this would be the nail in the coffin) and invest their capital in overseas markets rather than the U.S. Also remember that the DTCC has filed multiple new rules to protect themselves by completely sucking dry every single short HF. Rule 801, what I like to call the fuck you pay me rule, is my personal favorite as it allows them to margin call short HF’s whose positions bear too great a risk. Now these HF’s have a lot of money, but they don’t have trillions like the DTCC does. In fact as of 2019, the DTCC had [$54.2 Trillion](https://www.dtcc.com/about/businesses-and-subsidiaries/dtc) in assets and are insured for $60 Trillion. Even if GME completely bankrupts the DTCC, the bill is simply passed along (just like it was from HF to DTCC) to the fed, the guys with literal money printers. From there the fed will print the required amount of money to pay out each and every ape. And now that you understand that apes will get tendies no matter the pay out, this is where your new favorite math equation comes in. The geometric mean. The geometric mean basically states that not all shorts will be covered at the peak. Say 50% of shorts are covered at 10k, because boomers and 🧻 🤚🏻 sell, 25% sell at 100k, 20% sell at 1 million, and 5% sell at 100 million, then the payout isn’t even that insane. /u/Raught19 made a [great post](https://www.reddit.com/r/GME/comments/m9td6w/estimations_for_the_total_payout_of_gme_based_on/?ref=share&ref_source=link) earlier talking about prices about what the payout would be up to 20M. Well now lets look at the payout for some bigger numbers. First I calculate the geometric mean to get the geometric mean share price, then I take that number and multiply it by 69.4 million, all GME outstanding shares. I understand I could use the float but I would rather use too large of numbers to account for max pain. I will also then recalculate these numbers assuming there are 140 million available shares and 400 million available shares to account for counterfeit shares that are in the system. (more on that in the next paragraph) According to the geometric mean, the payout for the DTCC at $100,000,000/share would be $9,330,372,976,600, or $9.3 Trillion @ $$133405.397 per share (geometric mean). See, not even close to bankrupting them so lets keep going. 250,000,000/share payout would be $14,638,712,030,000, or $14.6 Trillion @$210932.45 per share (geometric mean). 1,000,000,000/share payout would be $29,277,424,060,000 or $29.2 Trillion @$421864.90 per share (geometric mean). Now if there are 140 million shares, then the payout for each of these doubles, and for 1 billion per share the payout wouldn’t even be more than assets the DTCC has available, which can be liquidated. If there are 420 million shares, the payout increases 6x, so the DTCC would go bankrupt (assuming complete liquidation of all assets and full insurance coverage) at $500 million with a $298303.53 per share geometric mean. So that is when I will sell my first share. + +**So let’s learn how this happens, so we're on the same page.** + +Watch the first 9 minutes of [the dark side of the looking glass](https://youtu.be/qtkaMx12otQ) to understand how FTD’s skyrocket the SI to ridiculous numbers, and then [watch these 3 minhutes](https://youtu.be/qtkaMx12otQ?t=2323) to understand what happens with a FTD squeeze. For those of you who don’t want to watch the video, I will give an apeish summary of what shit this stirs up down below. Also, **DO NOT WORRY ABOUT THE GRANDFATHER RULE, IT HAS SINCE BEEN TAKEN OUT.** Straight from the [SEC website](https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm) +> “As initially adopted, Regulation SHO included two major exceptions to the close-out requirement: the ‘‘grandfather’’ provision and the ‘‘options market maker’’ exception. Due to continued concerns about fails to deliver, and the fact that the Commission continued to observe certain securities with fail to deliver positions that were not being closed out under then existing requirements, in 2007 the Commission eliminated the ‘‘grandfather’’ provision and in 2008 the Commission eliminated the options market maker exception.” + +**ANYONE PROMOTING THIS RULE IS SPREADING FUD AND MOST LIKELY A SHILL**. So basically the broker dealer gives out stock IOU’s, that will eventually turn into strategic failure-to-delivers through the use of continuous net settlement. In ape speak, I don’t actually give you your banana that you bought, instead I give you an IOU that can be cashed in as a banana, and you should be given a real banana within 3 days. But they actually never give you a banana, instead you sit on that IOU as they create counterfeit bananas by essentially [borrowing the same bananas](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) over and over. As Dr. Patrick Byrne points out, a few of these FTD’s does not cause an issue, but when there are 50-100 or more FTD’s for every 100 real shares, it increases the supply, dilutes the stock and in turn decreases the price significantly. Here is the supply and demand curve [before counterfeit shares](https://ibb.co/FY9SJnk) and [after counterfeit shares](https://ibb.co/CJsQ0p2) have been created. Now for the good news, a short squeeze with FTD's/counterfeit shares actually completely [separates](https://ibb.co/3RsgqLD) the supply and demand curves, they no longer meet, and per Dr. Patrick Byrne "**there is no market price**, the market snaps, THATS volatility." He is essentially stating what I mentioned earlier, how the price will rise to infinity because there are more shares in existence than were ever issued! + +^(Now the main part of this post is finished, but here I will give my reasoning for posting this, as well as addressing counterarguments. Also please poke holes in this DD, see if I missed anything or if you yourself can give more insight on anything I mentioned. Apes together strong!) + +My reason for making this post was because ever since the great ape migration from r/GME to r/superstonk, I have been seeing a ridiculous amount of FUD regarding low price anchoring(100k or less), and new apes or possibly shills claiming that the US government will step in and cap this thing. I rarely saw the former in r/GME, and barely ever saw the latter in r/GME. This was because apes understood that the government would not step in because this is now an international issue, people would lose trust in U.S. financial markets (still weary from 2008, this would be the nail in the coffin) and invest their capital in overseas markets rather than the U.S., and that the 37% capital gains tax that they will be getting on these shares will be just what they need to help fix debt. You would think that it would be mainly long time apes who already understood this transferring to r/superstonk, not completely new apes who’ve not yet read any DD. This leads me to believe that proportionally, r/superstonk has many more shills than r/GME did, and may be under a new wave of FUD attacks. It makes sense from the enemies point of view. Destroy r/GME by making members lose faith in the mods, forcing apes to relocate and when they arrive at their new home flood the place with FUD to further demoralize them. **THIS SHOULD COME AS NO SURPRISE TO APES, THIS IS A [TEXTBOOK FUD](https://ibb.co/RcjdSBf) MANEUVER**. It’s literally divide and conquer, with some extra FUD thrown in to make the conquer part easier. **BUT WE ARE FUCKING APES! APE TOGETHER STRONG!** + +Counter arguments: But can’t these HF’s buy these paperhands’ shares and then sell those same real shares to other HF’s to cover their ridiculously huge short position? +Answer: I really don’t think this can happen, and here is why.. When the squeeze is happening, these HF’s will be margin called so **THEY WILL NO LONGER HAVE CONTROL OF THEIR FUNDS**, the ones that margin called them will. The DTCC themselves will be the ones covering their short positions. These HF’s will be unable to sell their gme shares that they just bought to other HF’s to bail them out for cheaper than an ape would. And even if by some insane off chance that the margin call glitches, and they are able still in control of their accounts (they won’t be thanks to rule 801) these guys are sharks and will not helps their “friends”. They will be selling at disgustingly high prices in order to recoup their tremendous losses and not have to foreclose on their hampton mansions and ferraris. And also, why in the fuck would the DTCC even let them? If they resell these shares for cheap to their friends, then the DTCC will be footing an even more massive bill, and their isn’t a snowballs chance in hell that they will be footing any larger of a bill than they absolutely need to. We’re talking about a company that processes over [2.15 QUADRILLION](https://www.crowdfundinsider.com/2020/06/162093-dtcc-processed-2-15-quadrillion-in-securities-in-2019-and-its-looking-at-distributed-ledger-technology/) in securities a year, they are the top dog. + + +^(This is not financial nor investment advice. These are ideas and opinions for information purposes only. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site or in this post, expressed or implied herein, are committed at your own risk, financial or otherwise. I just like the stock.) +https://www.consumerreports.org/cro/magazine/2012/06/don-t-get-dinged-by-overdraft-fees/index.htm + +https://www.consumerfinance.gov/rules-policy/regulations/1005/17/#b-1 + +If you write a check or use an ach you can still receive overdraft fees. You can only opt out of ONE TIME debit card purchases. +https://www.bbc.co.uk/news/business-59679470 + +Boohoo has warned that full-year sales and profits will fall short of expectations following a sharp rise in people returning clothes. + +The online fashion retailer also said delivery delays for overseas customers as well as higher shipping costs would hit its profits. + +Boohoo now expects its full-year underlying earnings to grow by between 6% and 7%, compared to previous forecasts of a 9-9.5% increase. + +Sales are now set to grow by between 12% and 14%, far short of previous expectations of 20-25% growth. +Fellow Superstonk member [u/nmorgan81234](https://www.reddit.com/user/nmorgan81234/) was denied their FOIA request. + +[https://www.reddit.com/r/Superstonk/comments/oflfs3/foia\_appeal\_update/](https://www.reddit.com/r/Superstonk/comments/oflfs3/foia_appeal_update/) + +This request pertained specifically to documents involving GME and the January event. + +The FOIA request was denied because of this: "Exemption 7(A) authorizes the witholding of "records or information compiled for ***law enforcement*** purposes, but only to the extent that production of such law enforcement records or information... could reasonably be expected to interfere with enforcement proceedings." + +Read those words again carefully. **If there were no law enforcement proceedings then they wouldn't have had a reason to deny the FOIA request.** + +I believe that we have been granted insight by reason of deduction from this request. + +If there's any legal broskies out there who'd like to chime in on this, please have at it. + +Your gonna get REKT frogman. + +Edit 1: Further to the SECs legal authorities. + +"While the SEC itself may not be able to bring formal criminal charges as an administrative regulatory agency, it does commonly partner with the FBI to aid in criminal investigations. When the FBI becomes involved, the stakes in any investigation are elevated far beyond fines and civil penalties. The feds can take immediate and severe action to charge individuals with [federal crimes](https://www.iannfriedman.com/criminal-defense/federal-crimes/)." [https://www.iannfriedman.com/blog/2019/march/can-i-be-charged-with-a-crime-by-the-sec-/](https://www.iannfriedman.com/blog/2019/march/can-i-be-charged-with-a-crime-by-the-sec-/) + +Edit 2: There's some pushback over the idea that the SEC is not law enforcement agency. I'll admit, i'm not sure anymore now. But if they are, they sure suck >!ballz!< at it. + +Edit 3: Leave it to a u/OrginalCanadian to crack the case. Looks like it is considered an LEA. I think? + +[https://www.sec.gov/enforce/how-investigations-work.html](https://www.sec.gov/enforce/how-investigations-work.html) + +So there you have it, it really is their job and it feels like they are mucking it up. +# FROM EVERYONE AT SUPERSTONK, HAPPY FUCKING BIRTHDAY TO THE MAN, THE MYTH, THE LEGEND, KEITH GILL AKA u/deepfuckingvalue AKA THE ROARING KITTY!! + +&#x200B; + +https://preview.redd.it/yst5srzmp3471.png?width=1426&format=png&auto=webp&s=ec0abcb085168e0ee37f347f6f15a9426c8ef57e + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $300 + +Open Price: $292.00 + +Daily High: $344.66 + +Daily Low: $281.00 + +Volume: 17.28 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🖍🍎🚌GME 101🚌🍎🖍 + + + +*If you're new to Superstonk, start here!* + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Annual Shareholder Meeting 6-9 ( ͡° ͜ʖ ͡°) + +Alright apes! The time has come for Gamestop's Annual Shareholder Meeting! Remember in January when this seemed like a lifetime away? Now look at us. Look at us. + +&#x200B; + +[June me @ January me- LOOK AT US](https://preview.redd.it/vji1ncyspu371.jpg?width=1080&format=pjpg&auto=webp&s=e4d01bafa33dfa7ba8a5fd74e17460896748a9e3) + +I want us all to have realistic expectations for the meeting... and I want to make it **perfectly** clear that this meeting is **not** the place to gather and have Woodstonk. (I promise that's a coming major event after MOASS!) But it *is* kinda the center of our Superstonk universe for the time being, and the mods wanted to make sure to have coverage of the day's events, including the shareholder meeting from 11:00-11:15 am Eastern, and the QE Report later at 5:00 pm Eastern. + +&#x200B; + +So, there will be live coverage on location at Gamestop Corporate Headquarters, as well as the premiere of our new community roundtable style livestream, **Monkey Business!** + +&#x200B; + +At 4:30 pm Eastern, **Monkey Business** will be live on Superstonk Live YouTube! Hosted by u/jsmar18 and u/sharkbaitlol and joined by apes from the Superstonk community, they are going to be discussing the meeting, the financial report, and whatever else happens that day! Stay tuned for more details! + +&#x200B; + +https://preview.redd.it/qqkwtxkw12471.png?width=1024&format=png&auto=webp&s=2a9540f14d0ed8633d3e97fdab8ed1e1f28081e4 + +**And on that note... I want to make sure apes are very clear on some things. If you are an ape going to the meeting:** + +&#x200B; + +* Be overly respectful of the space and people around you. Pretend you are at a job interview. +* Don't leave any trash (Leave nothing but footprints.. take nothing but pictures!) +* Don't be a disturbance to the peace i.e. no loud music, yelling, fighting, or anything else that would make corporate want to call the local police. +* If you gather in any capacity, even to sing songs, gather peacefully. +* Distance yourselves from any bad actors or those seemingly trying to make a scene. Publicly denouncing the shill bad actors will help pluck them out of a crowd very quickly. +* Remember the world, the media, even Ryan Cohen and DFV themselves, will be watching and judging apes behavior that day. Be a good example! +* **Most importantly, HAVE FUN!!! 🤙✌💖🚀** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Mod Hiatus Update + +*by* [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) + +&#x200B; + +Modding Superstonk is a 25/8 job (best job everrrr!). And as we grow, the need for all hands on deck grows larger by the day. And as more mods take hiatus, the need for a plan in place becomes more apparent to keep the ball rolling smoothly. The mod team has discussed how to address the issue of how to approach a hiatus, and believe we have come up with a solution. + +Communication rules and parameters have been put in place with majority votes from the entire mod team supporting the new rules. Basically, if we haven't heard from a mod for a number of weeks, then permissions will increasingly be removed, ultimately leading to a team vote on the moderator's position being frozen indefinitely. These rules were also voted to be applied retroactively, and have resulted in Administrative action. + +**Therefore, please be advised of the following:** + +[u/StonkU2](https://www.reddit.com/u/StonkU2/) and [u/heyitspixel](https://www.reddit.com/u/heyitspixel/) have been placed in what we have deemed "hiatus mode" for individual reasons, though the result is the same. They no longer have access to any moderator capabilities and now hold the same permissions as a regular user. **As such, please be aware that they are no longer representatives of the Superstonk mod team** ***at this time*** **and any communication from them is coming as an individual.** We have not been able to make or keep contact per the guidelines set forth, therefore their moderator permissions have been removed, and further action will be brought to a vote within in the mod team in the coming days (their moderator position has not been revoked in any way, only their permissions). Transparency will of course be maintained as changes are made in the best interest of Superstonk. 💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# LAST CALL + +by u/Bye_Triangle + +&#x200B; + +https://preview.redd.it/emkauipvz1471.png?width=1000&format=png&auto=webp&s=0609cb675c59e832390b12218035b13afbb98a4f + +&#x200B; + +&#x200B; + +Listen, its literally your last chance to vote. Today is the final day for most shareholders to vote, unless you made arrangements to vote at the meeting. + +&#x200B; + +If you don't vote now, thats it... there isn't another chance. It doesn't matter how many or how few shares you have...every vote counts. + +&#x200B; + +https://preview.redd.it/b0q6k22k02471.png?width=900&format=png&auto=webp&s=83b64260ee6b4dec531b045045d5d62ed590edd6 + +&#x200B; + +There is not much more to say that hasn't already been said thus far with regards to the vote. You know why its important. You have been told that this is how we expose the fraud. If you aren't already convinced then there is nothing more to be said. + +&#x200B; + +Vote before you can't, almost out of time + +&#x200B; + +**Also comment !apevote! to get your special voted flair!** + +# VOTED FLAIRS WILL BE LOCKED FOREVER AFTER 6-9!! GET YOUR BADGE OF HONOR NOW AND VOTE! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Deep Fucking Birthday Wishes 🥳🎊🎉 + +*by* [u/bradduck\_flyntmoore](https://www.reddit.com/u/bradduck_flyntmoore/) + +Howdy apes! [u/Bradduck\_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As many of you know, today is the birthday of the now-famous retail investor, DFV. + +&#x200B; + +https://preview.redd.it/z5wk4095b2471.png?width=634&format=png&auto=webp&s=82e72b166e54b32bb78ec1696c7a0ae252044815 + +&#x200B; + +Like so many of you, this Ape-Bassador first heard about GME through him, and it has been a WILD ride ever since. There have been a lot of rumblings about the need for a "birthday card" post of sorts, so all the Deep Fucking Birthday Wishes can be expressed in a single place. Mods agree! This will help keep the sub from sliding otherwise worthwhile content AND make it easier for DFV (we know you lurk here) to see all the nice things we have to say in one spot. + +That means two things, apes: 1) Today's special edition of The Jungle Beat will serve as the Official Superstonk Birthday Card to DFV, please put all your wishes to him in the comments; and 2) we gonna delete all the rest. Please report any DFV birthday posts outside of the official birthday card so mods can remove it. As much as I respect and appreciate him for introducing me to GameStop, this sub is about GME, not DFV. Thanks in advance to all apes for your understanding and cooperation. + +Make sure to check back at tomorrow's Jungle Beat for info on Mod plans for the Annual Shareholder Meeting. Until then, and as always, Buy, Hodl, Vote if you can, and always be excellent to each other. + + \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# ShareHOLDers Meeting + +by u/bradduck_flyntmoore + +&#x200B; + +Howdy apes! u/Bradduck_Flyntmoore here! I come to you today with news of our plans for the 6/9 GameStop Annual Shareholder meeting for 2021. Yes, after all this time, it is happening tomorrow! Many of you are already aware that your Ape-bassador recruited a bunch of volunteers who were planning on being at the meeting in person. To that end, we have coordinated with u/redchessqueen99 to bring you all a live stream of the events! + +&#x200B; + +The stream will be viewable on the never-monetized Superstonk YouTube channel and will begin at 10am ET. The feed will be switched between the various volunteers until the meeting starts. Since we do not know if any recording will be allowed inside, there is the possibility we will switch from our stream to theirs when the meeting gets underway at 11pm ET. The meeting is scheduled to last for 15 whole minutes, so do not be surprised if nothing too juicy comes out of it. Then again, maybe we will finally get to hear about the plans for GameStop's future! Nobody knows for sure, but we will do our best to bring you the info live. Our live stream will resume once the meeting commences, assuming we had to cut away in the first place. + +&#x200B; + +We have already gone over expectations with the volunteers, but for those of you who will be there that are not presently aware: BEHAVE. The shareholder meeting is a thing of business and should be treated as such. Honestly, I'm not too concerned about legit Superstonk peeps, rather, any instigators that may attempt to wear the Superstonk mantle for the purposes of bringing shame upon the name. Shun them, disregard them, and point out non-apely behaviour. Kindness, patience, and knowledge are our weapons, and we utilize them well. + +&#x200B; + +Once we wrap up, the volunteers will be going through their pics and vids and submitting the best captures to the mod team. So any ape that is interested in using some of the footage we collect for the purposes of hype-vids, just let me know and I'll get you on the list. There should be plenty for several unique videos, even if we get a lot of requests for the footage, so don't be shy. + +&#x200B; + +Before I sign off, I'd like to point out that the vote total will almost definitely not be shared at the meeting. Typically, the results are released 3-5 days after the fact, as u/atobitt has mentioned on other threads. Do not be surprised if we see some fuckery with the price over the next several days, as that seems to be the go-to hedgie tactic any time GameStop has a meeting of any kind. Until tomorrow, buy, hold, vote if you can, and always be excellent to each other. + +&#x200B; + +Power to the Player! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Ghost in the Shill + +*written by SATORI co-creator* [u/catto\_del\_fatto](https://www.reddit.com/u/catto_del_fatto/) + +&#x200B; + +[Oh yeah, it's all coming together](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/). The mod team and SATORI squad have received a fantastic amount of love, support and gratitude for sweeping up the shills, fixing ModMail, providing valuable insights and otherwise doing our part to keep Superstonk as wonderful as ever. Fan mail, fan art, even a [serenade to our beloved algo-rilla.](https://www.reddit.com/r/Superstonk/comments/nrgu4e/i_sing_satori_a_song/) + +The appreciation is very much appreciated, but our work is never truly done. More so than ever, the responsibility to maintain a legendary sub rests in the hands of ordinary Apes. + +&#x200B; + +[ SATORI dev, 2021 colourised ](https://preview.redd.it/8uqyy2nm92471.png?width=400&format=png&auto=webp&s=9fa877a494897aae3a5bc1f2804b8e14d958c1a6) + +&#x200B; + +The shills are *absolutely furious* about what we've been up to the past week. It's as if they [need this allegedly-impossible creation of ours shut down post-haste](https://www.reddit.com/r/Superstonk/comments/nrx4pu/onslaught_of_antisatori_fud_gives_me_hope/) \- desperation is in the air, and it tells me everything I need to know. + +As the informatics arms-race between SATORI and its adversaries heats up, I'd like to make everyone aware of emerging stratagems and what they mean for the Ape community, so we're all well-equipped to deal with anything thrown at us ahead of time. + +**Solicitations, trolling & phishing in DMs** + +This tactic is as old as FUD itself, but it hasn’t been this prevalent in months - the working theory is that the impostors suddenly have a load of accounts unable to post lying around, and wish to make use of them somehow. So, if you get any suspicious messages pushing "investment advice" or similar, **please report these to Reddit and our mod team.** + +A lot of these are Meltdown trolls that thrive on the attention, so I wouldn't recommend engaging or 'putting them on blast' - but if you insist, our friends from [r/scambait](https://www.reddit.com/r/scambait/) have plenty of advice on the matter. + +**Bad karma** + +Since the restrictions, Apes whose accounts barely make it above the karma limit have [found themselves under attack by bots downvoting all their submissions, pulling them back below the threshold.](https://www.reddit.com/r/Superstonk/comments/nsij2i/are_bots_and_shills_down_voting_apes_below_the/) + +Think about it - if professional FUD-mongers can't spread FUD directly, the second-worst thing they can do is attack solid content to prevent it from being seen. These attacks are exactly why we set SATORI to run in reverse and approve Apes, as well as using it to gather data on new tricks. + +We're currently in discussions regarding what else can be done to prevent or counter such surreptitious acts; suggestions accepted. For the time being, it's up to everyone to be active in upvoting the good, downvoting the bad and reporting the *really* bad. Not only does this help a clear sub - it also lets us learn about the shills and strike back more effectively. + +As with $GME as a stock, every vote matters. + +**Leveraging Apes and the weekend ennui** + +On Saturday, a lot of us woke up to a *flood* of posts relating to a comment by a particular CNBC reporter. Sharing new info is a wonderful thing, but in this case, it was a deluge of the same content being repeated over and over again. As you can imagine, I was getting a ton of pings asking to sic the Terminators on these guys. + +So, where was SATORI? + +As [Bradduck explained in his ambassadorship comment](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/h05v5ec?utm_source=share&utm_medium=web2x&context=3) on Interdiction Day, our setup is currently running on a per-user basis; a bit of negative sentiment doesn't necessarily make a shill. We've all woken up on the wrong side of bed, and one comment isn't enough for anyone to form an accurate verdict - whether they're an algorilla or a carbon-based, 100% organic, dip-buying ape. + +We know that our adversaries are aware of this, and how they're countering it - their only hope at this point is to rely on otherwise well-behaved users to post content that dilutes or otherwise lowers the overall quality of the sub. That, and outright *stealing* accounts with AI approval or Superstonk posting histories in broad daylight - more on that later. + +Their attempts to drag down karma on Apes' accounts reveals that they're just as interested in preventing top-tier submissions from gaining traction as they are in directly posting their own tosh. So, now that they're mostly unable to bring their own stuff into Superstonk, they're relying on us to do their work for them. + +I took the liberty of checking the Melissa posters' accounts, and it turns out the vast majority of them were genuine Apes with solid and lengthy histories in Superstonk. No wonder our per-user security measures didn't bag 'em, they aren't supposed to. + +It's the weekend, there aren't any crayons to watch and everyone's understandably miffed. But please, if you believe the meme/tracker/DFV tweet or similar you're about to submit may have been posted before, I implore you to **check before posting.** + +The Superstonk jungle - especially the [Knights of New](https://www.reddit.com/r/Superstonk/comments/nti5ms/knights_of_new/) \- will appreciate it dearly. + +**Tag teams** + +Struck with a sudden shortage of useable accounts, our adversaries have had to pick their battles a bit more wisely - as opposed to regurgitating the same thing over and over, getting banned, migrating to a new account et cetera. One way to accomplish this is by tag-teaming - setting up a wedge of sorts and sowing drama on both sides. + +[Here's a brief yet insightful comment covering this tactic, and how to deal with it.](https://www.reddit.com/r/Superstonk/comments/nsmutv/complacency_kills_dont_let_satori_lull_you_into_a/h0nk71l?utm_source=share&utm_medium=web2x&context=3) + +**Hacked accounts & a final note on account security** + +We have received a surge in reports of Superstonk users’ accounts getting compromised It would appear that accounts able to post (i.e. approved by SATORI or above the karma/age requirements) are more likely to be targeted, but this could happen to anyone - don’t get complacent. + +Please refer to [this post](https://www.reddit.com/r/Superstonk/comments/nojpde/best_security_practices_for_protecting_self_and/) for a comprehensive rundown on account security, in addition to other useful advice on the matter. Also, friendly reminder not to click any [suspicious links.](https://www.youtube.com/watch?v=dQw4w9WgXcQ) + +&#x200B; + +[NO hax for you Kenny](https://preview.redd.it/lv8hr16aa2471.png?width=400&format=png&auto=webp&s=21be93d4aed66633b51bf54c599b6232e464ad5d) + +&#x200B; + +**TA;DR** + +While the sub is significantly cleaner than it used to be, SATORI still has a long way to go. Since deployment, we've seen a trend towards attacks that don't rely on publicly 'revealing' their accounts. The might of 375,000+ AI-assisted gorillas is just too much. + +Instead of the old hit-and-run spamming, our foes are resorting to sneakier methods: hacking accounts, manipulating karma, sliding into people's DMs and otherwise causing trouble outside the public eye. In addition, they're increasingly relying on genuine Apes to accidentally drown out the good stuff, being increasingly unable to bring it into the sub themselves. + +This scenario leaves far more responsibility to individual Apes than what we had before, so it is up to each and every one of us to deal with it appropriately. + +A sub is only as strong as its weakest link - B.H.V.F., and be strong. + +Catto + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Satori: The One Week Security Update (Important Information Inside) + + + +[Important Security Update for June 8th by](https://www.reddit.com/r/Superstonk/comments/nva7nh/satori_the_one_week_security_update_important/) u/Grungromp + +&#x200B; + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_- + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - **IF REDDIT GOES DOWN AT A PIVOTAL MOMENT** go to: + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +&#x200B; + +https://preview.redd.it/h0eu7iscb2471.png?width=1600&format=png&auto=webp&s=6446e97ab5cbca1974c729a53165870a51f93e40 +I’m not a a financial advisor nor do not take this as financial information +This is my opinion + + +Robbinghood going IPO is a huge trap, they want diamond hands to short the new stock, however it’s all a manipulation + +They will first let it climb to gather FOMO crowd and day trader attention, then they are going to make a fake squeeze. + + +Now there are new rules and regulations to basically prevent bag holding from DTCC/FED etc. +All with forced liquidation that they can “enforce”. + + +Put 2 and 2 together… + + +If diamond hands/apes short robbinghood, it’s the perfect trap, now with all the rules in place anyone over leveraged or whatever happens to short sellers then they fail, it’s going to force whoever shorted to cover forcing the sell of GME shares if any shorters had long positions, + +Sec and the regulators will freeze assets and force liquidate just because you, they don’t cover doesn’t mean retail investor gets free out jail ticket, this is when they’ll be in full force. + +Call it FUD, shill etc. You have been warned, but I see a trap coming from 1000 miles away I won’t fall for this one + + +HODL 💎✊💎✊💎✊💎✊💎 +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! + +1.) ECAF ordered to freeze the hacked accounts, blockchain isn't immutable. +many both inside and outside the EOS community aren't clear what ECAF, the main body tasked with resolving disputes between token holders on the network, is and what control it has over transactions. +ECAF has lost it's ability to rule on the base chain after EOSNY stated that they'd no longer enforce off chain rulings. + +2.) Dan threw out the constitution because it was socially unscalable. +The constitution is being resubmitted based on the problems with ECAF. + +3.) RAM over-speculation, it currently costs $14 and growing to create an account. Whales cornered the RAM market. +BP's had an open conference yesterday where they discussed a constant drip of new RAM to the system to put downward price pressure on the market. + +4.) Centralized - just 21 BP's that can vote each other in. It's a plutocracy. It takes just 17/21 BP to achieve consensus. Block.one, who claimed to have no involvement in the launch of the EOS mainnet are now going to use the 10% of the token supply they own to influence the list of block producers. Dan also owns a large amount of the token supply and voting power. Some of these block producer candidates in the top 10 came out of nowhere. How they got in the position they are in is pretty obvious – they had a lot of tokens (or access to them) and voted themselves in. It's a whales' election. Also, exchanges are voting with their clients' funds. +