diff --git "a/reddit_finance_43_250k_67.txt" "b/reddit_finance_43_250k_67.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_67.txt" @@ -0,0 +1,10000 @@ + +**Paul**: The company might be listed on NYSE but it will trade on a number of different venues.. + +**Jsmar18**: Retail is used to relatively quick order executions, so I think that was kind of a surprise when there was, you know, batched together.. + +**Paul**: Maybe I can jump in without being rude, that is how the purchasing works. If you want to sell securities you’ve got the option of doing a real-time transaction with us through the web or selling into a batch and going through a batch process. Or you can sell through your own broker. There are lots of opportunities for you and choice available to you when you are selling. + +The point that I made earlier, that is how we accumulate the shares when we are buying shares through the plan. But some parties might say well, I am going to execute my order in real time to purchase the shares through a broker, and then have the broker DRS the shares into Computershare. So there’s are lots of, plenty of choice available to people. + +**Jsmar18**: Yeah, we have definitely seen people do that in terms of buying through brokers and direct registering. + +**Paul**: When you are selling it you can sell real time through us. When you are doing a real time trade through us, the turnaround time can be very very quick, you know, assuming there is a counterparty in the market to buy the shares that the broker is selling on behalf of you all. + +**Jsmar18**: Ok. So, we execute on Computershare, which then sends it to their broker which will then execute it on the market accordingly. + +**Paul**: We use highly integrated systems to so that we are not sending carrier pigeons with pieces of paper saying ‘please run to the floor of the stock exchange and execute selling our shares’. It is modern and pretty fast. + +**Jsmar18**: I think you will catch some flack for that analogy of carrier pigeons with the way these mail out at the moment. + +**Paul**: Oh well you can come back to that okay. I am sorry I walked into that one. + +(laughing) + +**Timestamp: 24:14** [**https://youtu.be/LVEJo87jejo?t=1454**](https://youtu.be/LVEJo87jejo?t=1454) + +**Jsmar18**: So to touch back on the point again regarding selling. So, is there a major difference between selling though Computershare, who execute through their broker vs. transferring out of Computershare to your broker and selling though there. Surely there would be a delay if you get into that second option, right? + +**Paul**: Let me just address that and maybe dig in a little bit more to selling through Computershare. So, you know I have explained that through Computershare you have the ability to elect to do a real time transaction through our electronic system which is connected to our brokers electronic systems, so that can go straight through into the marketplace. If that order trades, the confirmation will come straight through. + +So actually, selling through Computershare can be very very fast and effective if there is a market in the securities and that round trip can be fast. If you are selling through a batch, the process of executing out of that batch obviously then is slowed down because we do that once a day. Small positions can typically go into a batch. When I referred to the fact that people can transfer their shares through DRS back to their broker, or more accurately, their broker can request the transfer of shares through DRS back from let’s say Jack’s name into his broker’s name. Umm, that potentially might give you some delay in executing your order through your online broker. + +Some brokers may be prepared too depending on the individual and their arrangement with their own broker, if you have got these particular shares and they know you’ve got them, they may let you execute straight away. Now, when they have got highly mechanistic platforms where everything is driven by the Internet, they will probably want those shares to land in your account before you can put them on a particular platform. It will differ by broker by broker and client by client depending on the commercial arrangement between the two. + +**Timestamp: 26:30** [**https://youtu.be/LVEJo87jejo?t=1590**](https://youtu.be/LVEJo87jejo?t=1590) + +**Jsmar18**: Okay, that makes sense. So, on the buying side of things, you touched on this briefly before when it comes to the Direct Stock Program, I think. So when buying shares through the Direct Stock Program, are those shares potentially being purchased from the company’s authorized shares that are currently aren’t outstanding? + +**Paul**: No, those shares are purchased on market. Through the market and then we bring them into the plan, and once they are in the plan, you as an investor can say I want to take them out of the plan in pure DRS form or you are happy to leave them in the plan, that choice is yours and that is the difference between the fractional component and the whole shares component. + +The whole shares relates to shares held through DRS and fractions relates to any component you may have in the plan + +**Timestamp: 27:24** [**https://youtu.be/LVEJo87jejo?t=1644**](https://youtu.be/LVEJo87jejo?t=1644) + +**Jsmar18**: Awesome, thanks for that clarification. So moving onto dividends, which is probably the most wildly discussed topic when it comes to our community. When Computershare came to light everyone started to ask themselves how an NFT or special dividend would be handled. I am aware you have coordinated this before with other clients, so how do you make sure that you have the capability to support blockchain based dividends. I am curious what the process was historically for actually handling that? + +**Paul**: Okay, historically, many of our clients pay dividends, they pay cash dividends, they offer stock alternatives, that has been quite routine and those arrangements are in place in many of the markets we operate in around the world. In the last few years we have started to see some clients ask if we could provide dividends through less traditional means. + +Initially here I am talking about one particular party that came to us and said ‘could we pay the dividend through fractional gold entitlements, where gold is secured in a particular vault?’ We sat with that client and worked through the mechanics of that to see whether if that was cost effective for them to do that at scale. That’s an example of potential demand. + +More recently we have had people ask if we can pay dividends in crypto. We have a couple of private companies (like unlisted clients) who have asked us to pay dividends in USD and offer their shareholders the ability to take a transfer of (in this particular case it was bitcoin), so we were crediting bitcoin to wallets. + +One of our clients (and this is in the public domain so I think I can mention it), Overstock was involved in distributing a dividend through its blockchain and we have for a number of years now, have had the ability to connect a blockchain to our registry platform so that we can credit the security, if it is in fact a security, to the ledger. + +**Jsmar18**: Okay, so when it comes to that, in terms of actually receiving it you essentially credit and recognize it on the user’s account. + +**Paul**: yes. Yup, yup. Look a lot of this gets down to what scale does it need to operate at and what is the nature of the dividend? Is it a security itself? Or is it not a security and it is some sort of perk? + +Depending on whether it is a perk or a security might influence how it has to be physically distributed to the owners of the company. That’s where we just need to sit with the client and understand exactly how they want the dividend to be structured and then we will run through with them the logistics of how we get it from them to their particular shareholders. That is what we specialize in. If it happens to be a blockchain based entitlement we will work with them to work out how we can get all the wallet addresses to effect the credits if it’s crypto of some other type of digital asset into the right parties hands. + +**Paul**: I think being on the register is clearly an advantage there because there are no intermediaries really sitting between the issuing company and the investor. Computershare’s role is really that of an agent acting for the issuer. Where there’s an entitlement that has some real monetary value of course people that are holding their shares through banks and brokers will want to take receipt of that entitlement, and that’s where some of the complexities come in. It’s kind of hypothetical without a specific example to sort of look at but I’d be happy to kind of dig into this some other time, you know once... + +**Jsmar18**: Yeah that sounds like a good session. Big hypothetical session… <inaudible> + +**Paul**: I mean we love stuff like this, this is why we get out of bed in the morning, it’s like when there are unique kinds of situations, where clients want to do things. + +**Timestamp: 31:50** [**https://youtu.be/LVEJo87jejo?t=1910**](https://youtu.be/LVEJo87jejo?t=1910) + +**Jsmar18**: Fantastic, so we’ll move on from dividends because it sounds like you will consult with the company to essentially execute whatever they’re trying to do, and I think that’s enough reassurance to people in terms of that is the service you provide, which makes sense. Moving on to the international side… and I know we’ve only got... how long left now, maybe ten minutes. + +**Paul**: Ten minutes, we’re good. + +**Timestamp: 32:00** [**https://youtu.be/LVEJo87jejo?t=1920**](https://youtu.be/LVEJo87jejo?t=1920) + +**Jsmar18**: So moving on to the international side, we’ve got people who are part of our community from all over the world and they’re curious. You offer certain services, based in the US, but are you also planning to offer them internationally as well, such as the purchasing of stocks directly? + +**Paul**: Hey great question I mean we probably never had this much attention as we getting just at the moment from people all around the world that want to focus on a particular narrow range of securities so it's interesting for us to try and understand what the demand is and we are not a broker we're a transfer agent, so there are some restrictions in terms of what services we can offer in which jurisdiction so that's an issue that we're taking a look at this moment in time but we’re always looking for opportunities to broaden our ability to service a corporation’s international shareholder base. When you have a dual listed company for example where we’re actually running registers in multiple countries in each country has connected to the stock market infrastructure in each country in many of the situations in the US, the US is the only place of formal listing and therefore investors around the world who are working with local Brokers around the world those brokers, in turn, are working with people based it in the USA so you have a different holding structure and our ability to service those international investors is not quite as flexible as when you have the securities listed in multiple markets. + +**Timestamp: 33:55** [**https://youtu.be/LVEJo87jejo?t=2035**](https://youtu.be/LVEJo87jejo?t=2035) + +**Jsmar18**: Touching on the account creation process, specifically, because I think that that's kind of been a pretty big problem in terms of the funnel. So, are you looking at making that faster for international customers, because right now, you’ve got to wait and you’re expecting <for the> mail to come through to get that login to your CS account. Are you looking to make that process faster using email instead? + +**Paul**: Thank you for the question. We're always looking at that and international clients are not being particularly prejudiced against here. This is a process from a risk management perspective where we have opened the account on the platform and then mailed the pin to the investor. Now many people are reminding us that there are other ways of doing multi-factor authentication. We’re often looking at that we'd like to make the process faster we have recently in the Australian market, introduced two-factor authentication for certain processes and we’re keen to see that be ported into different markets around the world including the US so it’s really balancing off efficiency against risk management. But we’ve heard everyone loud and clear, we’re not happy if it takes someone three or four weeks to get a pin through international mail so I have a couple of people looking at that right now. + +**Jsmar18**: Awesome, fantastic, I think they will be very happy to hear that. + +**Paul**: Well they’ll be happy once we switch to something else that gives them instant access but we hear you loud and clear. + +**Timestamp: 35:38** [**https://youtu.be/LVEJo87jejo?t=2138**](https://youtu.be/LVEJo87jejo?t=2138) + +**Jsmar18**: Awesome, so people are also interested in the type of capabilities that your customers, and by customers I mean the types of companies that work with you and choose you to be their transfer agent. Do companies opt-in for the feature you provide that allows for the live counts of registered shares? + +**Paul**: Sorry Jack, can you mention just the last part again I just missed the last two or three words please. + +**Jsmar18**: No worries, so do companies commonly opt in for the feature that your provide to them which is that it allows for a live look at registered shares? + +**Paul**: Right, ok, I understand, so all of our registry or transfer agency clients have the online access into our platform and most companies will take that it’s part of a standard package that is offered, so that is immediate in terms of online access to the records that are on the register at that point in time so when you use the term live it to me implies can they actually get a dynamic count of shares that are transferring now where the records being transferred our books they would see that in real time as they appear into our platform but they don't have the ability nor do we provide the service to see the real-time transfer of security in beneficial ownership form within the DTC there are some parties that provide or trying to provide that type - no one really has access - only the DTC knows what she is being transferred between particular participants and only brokers or banks know which of their customer accounts are being impacted by that so no one has the ability to kind of dip in real time and tell you what’s actually being transferred. + +**Jsmar18**: Well, we’ll wrap it up today and I just wanted to say thanks for joining us and hopefully, we can get a part two along the way depending on if we have any follow-up questions. + +**Paul**: Yeah, we’d be happy to do a part two, we know you’re trying to cover a lot of ground and when I was working with Yin and Joe it was clear that we might struggle to get it all done in 45 minutes. We’re very happy to do a part two with you I'll let Yin talk to you about the logistics of when that needs to get shot and how you stitch both pieces together if that's how you intend to do it but I'm sure whenever you release this it would generate a whole bunch of other questions and we’ll pick that up thereafter. Happy to do it. + +**Jsmar18**: I’m sure it will. Ok, great well thanks for your time again Paul, we can wrap it up there. Great Chat + +**Paul**: Ok, cheers guys I hope you enjoyed it so thanks for having us. +Hi, so the title says it all, pretty much. I've learnt about the 50-30-20 rule of budgeting, started learning about investing (more resources are always welcome!) and have an account in Zerodha. Could you guys share resources for investment, personal finance, how to file taxes, things to be done and learnt once you start earning? Basically like a dummy's guide of things to do once you start earning your first salary. Would really appreciate any resources, am completely clueless about stuff. + +I am looking for more resources, and personal tips. Any YouTube channels I can follow? Any other subreddits? What did you guys do at your first salary, and what do you think you should have done/not done? That sort of thing. + +EDIT 1: added details. +EDIT 2: added more details. +**TL;DR** + +* In the early aughts (noughties if you're British) several companies had recently requested to withdraw from the DTC, citing systemic fraud and abusive short-selling. +* The DTC didn't like that, so they proposed a rule change stating that they (the DTC) aren't required to comply with or action on these types of requests, effectively locking companies and their investors into the DTC's system whether they like it or not. +* There was no investigation into the claims of fraud and abuse. +* The public was allowed only a limited amount of time to comment on the proposed rule changes. +* Of the comments that _were_ received, the majority were _opposed_ to the rule change, and they urged the SEC to take the time to investigate and to allow further public comment. +* The SEC summarily approved the rule change anyway. +* Lastly, the DTC (and therefore the SEC, by association) stated explicitly that they will do _nothing_ to combat fraud and abuse, and that it is the job of retail investors themselves to protect both themselves and the companies they invest in _by directly registering their shareholdings_: + +> DTC disagreed with the commenters' contention that it had an obligation to take action to resolve **the issues associated with naked short selling** because those issues arise in the context of trading and not in the book-entry transfer of securities. **DTC pointed out that if beneficial owners believe that their interests are best protected by not having their shares subject to book-entry transfer at DTC, then they can instruct their broker-dealer to execute a withdrawal-by-transfer, which will remove the securities from DTC and transfer them to the shareholder in certificated form.** + +Bonus: As part of this proposal, the DTC outright admitted that they cannot do their one and only job! + +> DTC believes that if it were to exit shares upon demand of an issuer, there is no mechanism to ensure that the shares entrusted to DTC by its participants would be returned to their rightful owners. This, DTC contended, would be inconsistent with its obligations under Section 17A. + +**An Indecent Proposal** + +https://www.sec.gov/rules/sro/34-47978.htm + +That's it. Read it; like my wiener, it really isn't that long. If anything in my summary above is wrong, let me know and I'll edit this post. + +**U Mad?** + +You're welcome to feel however you feel about this, and free to do whatever you want. As for me, I like the stock; and that's why I've chosen to protect it, and in my own smol way all of GameStop, by DRS'ing my entire portion of it. That is all. + +**Edits** + +1: Thx to u/ajquick for pointing-out [a couple of small changes](https://www.reddit.com/r/Superstonk/comments/wkbuts/comment/ijn4vkn/?context=3), made above! + +2: Thx to u/michaellargent for noting [one extra piece of good info](https://www.reddit.com/r/Superstonk/comments/wkbuts/comment/ijnbqdz/?context=3), added above! +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). +I downloaded the historic S&P 500 data going back 41 years. I dumped everything in Google Sheets and modeled three different portfolios named after three fictional friends Tiffany, Brittany and Sarah. All three saved $200 of their income per month for 41 years for a total of $99,000 each. But after 41 years they all ended up with different amounts based on their investment strategies. + +# Buy and Hold + +Tiffany, Brittany and Sarah all knew the value of buying and holding. And they all invested in the same thing: an S&P 500 index fund. Once they bought, they never sold and always reinvested dividends. But they had different strategies about when to jump into the market. + +# Two Market Timers + +Tiffany and Brittany were aware that the stock market could be very volatile and they wanted to avoid market crashes. It turns out they were right as there were five significant market crashes during the last 41 years as shown here: + +# US Stock Market Crashes 1979-2020 + +|Dates of Crash | Duration (Days) | Percent Drop | Event| +|---------------|---------------|---------------|---------------| +|8/25/1987-12/4/1987 |101 |33.4% |Black Monday| +|7/16/1990-10/11/1990 |87 |19.7% |Kuwait War| +|9/1/2000-10/9/2002 |768 |49.0% |Dotcom Crash| +|10/12/2007-3/9/2009 |514 |56.5% |Financial Crisis| +|2/19/2020-3/23/2020 |33 |34.1% |COVID Crash| + +# Tiffany Top invests at the top of the market + +Tiffany, it turns out, has the world’s worst market timing. She saved her $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 five 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 2020 COVID crash, only to see it immediately drop 34%. 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 $99,000 she saved and invested over the last 41 years is now worth $773,358. 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 Bottom invests at the bottom of the market + +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 five 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. Just this year in 2020, Brittany wisely waited until March 23rd to dump her savings into the market, buying at a steep 34% discount. + +For this impossibly perfect market timing, Brittany Bottom was rewarded. Her $99,000 of savings has grown to $1,123,573 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 45% gain. Both Brittany and Tiffany have the vast majority of their growth thanks to buying and holding a low cost index fund. + +# Sarah Steady auto-invests every month + +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 $1,620,708. Even though she didn’t have Brittany’s perfect ability to know the bottom of the market, Sarah’s investment crushed Brittany’s by about $500,000. + +# Recap +* **Amount Saved/Invested**: $99,000 each +* **Investment**: Buy and hold an S&P 500 index fund +* **Tiffany (worst timing in the world)**: $773,358 +* **Brittany (best timing in the world)**: $1,123,573 +* **Sarah (auto invests monthly)**: $1,620,708 + +Tiffany, Brittany and Sarah aren’t real. No one can perfectly predict market tops or bottoms. But these numbers are real, based on the exact returns of an S&P 500 index fund and a 3% interest savings account over the last 41 years. [Here is the spreadsheet I used](https://docs.google.com/spreadsheets/d/1nBDkD9Zrjb3VZJy6ZjmPCd3ehoagKMIkw6m3WZvxeTw/edit?usp=sharing) to generate these results. + +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. + +P.S. This is an update from [a similar post](https://www.reddit.com/r/financialindependence/comments/c02ml4/timing_the_market_the_absolute_worst_vs_absolute/) I made a year ago. That's why it's the odd 41 years instead of 40. I thought since we've experienced another market crash since then it was due for an update with the most recent market data included. +[https://www.cnbc.com/quotes/10Y2YS](https://www.cnbc.com/quotes/10Y2YS) + +Historically, the yield on the 2-year treasury topping the yield on the 10-year has preceded every recession. + +This may be a signal that investors are fleeing to the safety represented by US treasuries, or that investors expect rates to fall in the short to medium term. +UPDATE: I went and chatted with my boss. it went well he went to have a sit down with the GM for the establishment to see what the next steps are, and we outlined some future goals it sounded promising hopefully it will end well :). +GM /r/superstonk, + +BEYOND thrilled to share that Guild of Guardians (an Immutable Studios game, launching soon on GameStop) has just announced the largest esports partnership in web3 history, with eight of the world's biggest orgs. + +Read about it here: [https://venturebeat.com/games/guild-of-guardians-teams-up-with-top-names-in-esports-to-grow-web3-game/](https://venturebeat.com/games/guild-of-guardians-teams-up-with-top-names-in-esports-to-grow-web3-game/) + +Twitter announcement: [https://twitter.com/0xferg/status/1570403686622412801](https://twitter.com/0xferg/status/1570403686622412801) + +You can pre-register here for Guild of Guardians: [https://www.guildofguardians.com/](https://www.guildofguardians.com/?ref=justinh) + +Feel free to drop any q's and I can try and get to them in the morning! + +[\- Robbie](https://twitter.com/0xferg) + +What does everyone think will happen? I saw a lot of people say they might force google to get rid of chrome which is pretty dumb tbh + + +https://www.wsj.com/articles/justice-department-to-file-long-awaited-antitrust-suit-against-google-11603195203 + +https://www.bloomberg.com/news/articles/2020-10-20/google-accused-by-u-s-of-abusing-market-power-in-landmark-case + + +Edit: deleted verge articl + +Edit: added better Bloomberg link +Around March 1st with around $2000, I bought 900 shares of SNDL and started selling CCs. Did the same thing with ASRT the next week. This past week I exited ASRT and got in on AMC with 100 shares. + +I made 165 on ASRT, 341 on SNDL, and 71 on AMC so far. That's 577 total. + +I'm scared I'm just getting lucky and I'm going to lose half of my portfolio somehow. Am I playing with fire here or is this actually working? +**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)** +Hi guys, + +Does anyone know the exact reason/s behind the stock market crash over the past few days? Is it still because of the treasury bonds or has that already passed? + +Just something I’ve been wondering about, thanks +My nephew (on my wife’s side, if it matters) goes to one of the most expensive state universities in the US. His tuition is mostly paid on a ton of loans and grants (pretty good HS student). We found out that he has almost zero help from his mom/dad. Can eat only once a day, no fridge or microwave, no insurance (dad dropped him), totally broke, and left alone. He does work a minimum wage job at 8 hours/week, but that only pulls in $100/week. + +My wife is asking me to start supporting him a bit more. Curious how others have handled something like this. Maybe double/triple his paycheck every week? I also do not want to be the family’s ATM, but it’s hard to say no to something like this... +I’m seeing so many people just not have any understanding of one of the most basic measurements of valuation. If you don’t know what “market cap” means and you’re trying to get in early on “moonshots,” I’m begging you to take 2 minutes to read. + +Market capitalization is the total value of all members of an asset. Just circulating supply * price. (Edited note: worth mentioning that you should be using the average price over different platforms. THAT BEING SAID: if the platform you’re looking at shows a price that would imply a market cap in the quadrillions, then that DOES mean the price is too high there. Even though the market cap calculated by that price wouldn’t be an accurate measurement of the combined value of the coin, it IS a good indicator of whether or not it will actually be able to maintain that price. If it’s not an accurate price, arbitrage is going to correct the price soon enough.) + +What does it tell us? It lets us know how much ~~money~~ value is attributed to it, and how it compares to other coins. + + +Take SHIB for an example. It has a circulating supply of **400 trillion tokens,** so at its price of 0.003¢, it has a market cap of nearly $12 BILLION. That’s 1/5 of doge’s cap of $60B, and it is therefore already one of the largest cryptocurrencies out there. + +At 10¢, the market cap would be $40 trillion, double the US annual GDP. It will not hit 10¢. It will not hit 1¢z It will not hit 0.1¢. It MIGHT hit 0.01¢ because of how the market has been working lately, but those other targets are just mathematically far too high. + +(Another edited note: when I say reach that price, I meant having a stable price that high on most/all trading platforms. Thanks to those of you who corrected me on that) + +The creators want you to see all those zeros in front of the price and assume buying it would be “getting in early.” Don’t let them fool you. You are not getting in early by buying a coin with a $12B market cap. You are almost certainly very very very late. + +DYOR. Please. + +Edit: + +A lot of people are hung up on “how much money is in it.” I didn’t mean it in terms of principal investment, I meant it in terms of valuation. I have a lot of BAT that I bought at 30 cents. I don’t value it as if it were the 30 cents per token that I bought it at, because I know I can just sell at the market price if I need to. + +The argument that it would crash if everyone tired to sell at once is fallacious. It’s valued at what it is and it ISN’T crashing to nothing from everyone selling at once because people aren’t trying to all sell at once. They would rather have the BAT than the $1.30. If they didn’t, they would have sold already. + +Edit 2: + +Think I came off wrong here. Not a financial expert, that much is obvious. I know that things can crash from everyone selling, I was trying to say that everyone selling is BECAUSE they value the coin’s value in fiat/btc/eth/whatever less than they do the coin. + +Second, I know there are flaws in it, as it can’t be instantly converted. I’m not trying to make it out to be some perfect metric of value. My intentions here are solely to tell people that their millions of scamcoin that they bought for $10 probably is not going to make them a 9 figure crypto whale. + +Edit 3: u/ReachOutLoud broke down problems with a lot of my points. If you’re interested in actually learning more, their [comment](https://reddit.com/r/CryptoCurrency/comments/na0jwv/_/gxsrlqu/?context=1) would be a good start. +I keep an eye on technical forums and can assure you that Metropolis (Ethereum 3.0) is in its final stages of testing. This is very exciting due to a number of important upgrades that will be added to the Ethereum network and its development tools. + +For those with a software engineering background - feel free to check out this technical overview: + +https://medium.com/@pirapira/impressions-on-metropolis-fe64251b4175 +I’m sorry if this is the wrong sub but I don’t know where else to post. Some background: + +Late 30’s, no degree, not particularly smart or confident in my abilities. Worked retail from 17-23 when I landed ass backwards into a well paying mining type role. A job I was never particularly good at but one which paid well and I managed to struggle through and keep for quite a few years. I always had a feeling it would end eventually and that finally happened a few years ago. Since that time I have moved to a new state and have found myself working anything I can get. I have sent probably 100 applications for all types of roles over the past 5 years but I’ve only ever managed to get entry level retail jobs or other menial work. + +I’m fed up. I’m sick of dealing with the public and feeling like a complete failure going into my 40’s. I’m broke and my partner is basically supporting me at this point which I’m deeply ashamed of. I also have a pretty bad panic disorder and avoid looking at jobs that require a long commute by car (driving is a trigger). I don’t know what to do. I figured I could work hard on retail and earn a decent living by moving up the ranks but it’s just soul crushing and I honestly can’t see myself doing it any more. The pay sucks, the expectations are high and I have to work weekends and nights meaning zero work life balance. + +I just don’t know what to do any more. I don’t think I have the smarts or discipline for uni and I’m not sure it guarantees anything anyway. Especially trying to get a grad job in my 40’s. I feel like I have more to offer than what I’m doing but I lack the confidence and mental health to figure that out and jump in. + +Does anyone have any advice for me? I tried to book a careers counsellor and they had a 6 month waiting list. I just feel lost, mentally broken and ashamed. + +**EDIT I’m truly overwhelmed by all the responses, suggestions and support. I have a lot to think about and some active steps to take. I truly appreciate you all. Thank you!** +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 am 22 currently. I make around 50k as a General Manager. I put 5% of my check in 401k and my company matches that 100%. I am very worried about struggling in the future as my parents were very poor. I take some money every week and put it in VOO SP500. I also buy individual stocks. Any suggestions from you old timers? Do you think if I just keep putting money in the SP500 I can be comfortable later in life? +According to the research, 54 percent of consumers in the U.S. (125 million U.S. adults) are living paycheck-to-paycheck... when you factor this in and the many issues with the "unstable job market", COVID, unemployment rate, people refusing to work, "the collapse" , "the great reset", "Boomers had it it easy, the rest of the generations are screwed!" "generational wealth" and all these other buzz words. + + +It's hard to imagine that there's a whole other spectrum of people that can freely toss cash over 6 figures for a home. + +It's one thing to factor in the elite and their 100s of millions it's another of all these people showing up from wherever they were willing to give out cash so easily that it's become a mainstream problem. +The assumption is if people actually learned the fundamentals before and took trading more seriously, risk manage, 95% of people wouldn't lose their money or the number would be lower than 95%. Plus many people just day trade as a gamble. Is this correct? +Alphabet is following Apple on regulations towards data tracking on their devices , now going for a K.O. punch on businesses that rely on targeted ads for their revenue. Lately after the earnings call Meta said they lost about $10B on revenue due to Apple's data tracking changes on the recent IOS update. +Who knows how much of their revenue would be lost if Google made the same changes on Android? +It would be devastating for Facebook's and Instagram's business model. +Also accounting TikTok as the strongest competitor for people's time , maybe FB is overvalued at today's valuation? + +Almost 95% of people with access to the internet (Outside of China) being users of one of Meta's Family of Apps we can say they have the biggest moat, which also means they only have to lose users at this point or grow at a really low rate. +Their business is targeted ads , every other social media also uses targeted ads. +If Apple and Google make it so the individual user of said social medias can control how their data is tracked or not at all then every social media company loses the ability to sell targeted ads. + + +The worst happens and 0 ads are now targeted to the right audience reducing the cost of these ads. + + + Snapchat , Twitter ,TikTok ,Instagram ,Facebook and Google also lose a chunk of their revenue. +Even tho Google would be the least effected it still would hurt their top line on search unless they change their ad structure like they responded to Apple's regulations. +Platforms like Snapchat would be so unprofitable at this point they would risk bankruptcy. + + +Facebook and Instagram would still be profitable but just a fraction of what they are right now , but gain most of the time of the users of platforms such as Snap or Twitter down the line , it would be hard for Meta as a company to go bankrupt at this point with such low debt and huge Moat. Also there is the probability they change their ad structure so that the inability to provide targeted ads to business wouldn't be a huge loss. Also the huge investments Meta is making towards the VR/AR industry could pay off in the end but lets consider it absolutely fails. + + +Facebook and Instagram would still be the biggest social media platforms and the barriers to create another social media to compete would be so steep due to data tracking regulations , and their moat would just increase because their competitors would suffer way more. + +TL;DR + +Meta is just too big and is positioned really well they can even afford to burn money on R&D and any regulation on data tracking would hurt their competitors more than it would hurt them. + + +Disclaimer + +I'm a bag holder and hugely biased , don't make financial decisions based on what you read on Reddit before you do your own DD. + **Background**: We recently purchased a SFH right around the corner from the 2015-built townhome we currently live in. While the interest rates aren't great, which conventional wisdom suggests is a bad time to buy, we simply had to do so for family reasons. We put a significant amount down to bring the rate and payment to a comfortable level. Our current townhome is on a 30-year at 2.375%, and we are in an area where we can, by all accounts, rent at $700-1000 more than the full mortgage payment (P&I+Escrow) due each month (great schools, near lots of biotech and federal government). My wife and I make enough (and both have extremely stable jobs) that we could pay both mortgage payments, I guess, indefinitely, but not without serious discomfort - we chose the SFH we did because it was practical, definitely not a "dream house" stretch -- I only note this to point out that there is some financial safety in all of this, which is why I went down the path of keeping the townhome. We are in the DMV area. + +**Dilemma**: I have never rented before! I literally don't know my ass from my elbow in this space, but am a quick learn, and wanted to get some advice from you veterans. I am fiscally cautious by nature, so this is a big leap for me and a source of some anxiety, even despite the cushions in place (we still maintain $100K in savings) and I would appreciate any and all advice you are kind enough to throw my way (and bluntly so, if need be). I thought to jot down some areas of focus (though I am certain I'm missing a WHOLE lot): + +1. **Finding Tenants**: I am planning to utilize our RE agent to find tenants - my thought in doing so was that, even in what appears to be a hot market, I'd like to benefit from the vetting and other such things that the RE agent can provide. A weird aside, a colleague told me that false claims of discrimination can arise when one directly chooses renters -- but I don't know if that's true or how that would even come about -- and apparently using an agent as a proxy, eliminates this. To be explicitly clear, our only criteria for tenants is that they have stable income, are creditworthy, and present as if they will maintain the property well. I am not looking for the bleeding edge in rent, nor plan to keeping jacking the rent up, and would gladly forego a top-end rent for a nice family that wants to stay long-term. Curious as to thoughts here. +2. **Financial Setup**: I was thinking that it may make sense to create a separate bank account, seed it with some capital and then use that account solely for the receipt of income and expenses, and use a site like Stessa to just track everything, and even possibly use their online rent payment system. Then it occurred to me that maybe it makes sense to create an LLC and run this as a business, with everything piped through that company. Is the latter arrangement an unduly over-engineered one for a single rental? Are there pros and cons to setting things up one way or another? +3. **Property Management**: Since I will live so close by and since our townhome is relatively new, I thought about servicing the property myself. Is this unwise for any reason? I work from home so I have some flexibility to attend to emergencies, and the like. +4. **Maintenance**: I plan to have an inspector (the one we used for the new home since they were really thorough) do an "inspection" of my current home to look for any issues an problems that I may not be aware of, so I can address them before renting. As mentioned above, I will use a segregated account from which to service the property. +5. **Form of Rental Agreement**: Where is the best place to find the most landlord-friendly form of rental agreement? What provisions do you think are must have? Useful to have? +6. **Pets**: What are your thoughts on pets? We didn't have a pet and I personally felt a townhome with only a tiny backyard wasn't enough to properly house a pet of any meaningful size, and am worried that allowing pets will create more wear and tear on the property (mostly hard-wood floors, for example) than necessary. + +Is there anything else I should be doing, or thinking about? A sincere thanks to all of you for your insight and wisdom. I must admit (for a second time!) to being a bit nervous about the journey ahead but I do know that so many of you have done it with great success + +**EDIT**: Thanks to everyone who wrote, but to whom I have yet responded to. I had a busy day and night ahead of me, but I will be following up. Didn't post and run! +**As the Fed begins their journey into a deflationary blizzard, they are beginning to break markets across the globe. As the World Reserve Currency, over 60% of all international trade is done in Dollars, and USDs are the largest Foreign Exchange (Forex) holdings by far for global central banks. Now all foreign currencies are crashing against the Dollar as the vicious feedback loops of Triffin’s Dilemma come home to roost. The Dollar Milkshake has begun.** + +**The Fed, knowingly or unknowingly, has walked into this trap- and now they find themselves caught underneath the** [**Sword of Damocles**](https://imgur.com/gallery/RvDxQ83)**, with no way out…** + +&#x200B; + +[Sword Of Damocles](https://preview.redd.it/2ousuo07ytq91.jpg?width=470&format=pjpg&auto=webp&s=d686c6710c9bc89ced20ace7f36101bf0a775298) + +\-------------------------- + +“The famed “sword of Damocles” dates back to an ancient moral parable popularized by the Roman philosopher Cicero in his 45 B.C. book “Tusculan Disputations.” Cicero’s version of the tale centers on Dionysius II, a tyrannical king who once ruled over the Sicilian city of Syracuse during the fourth and fifth centuries B.C. + +Though rich and powerful, Dionysius was supremely unhappy. **His iron-fisted rule had made him many enemies, and he was tormented by fears of assassination—so much so that he slept in a bedchamber surrounded by a moat and only trusted his daughters to shave his beard with a razor.** + +As Cicero tells it, the king’s dissatisfaction came to a head one day after a court flatterer named Damocles showered him with compliments and remarked how blissful his life must be. “Since this life delights you,” an annoyed Dionysius replied, “do you wish to taste it yourself and make a trial of my good fortune?” When Damocles agreed, Dionysius seated him on a golden couch and ordered a host of servants wait on him. He was treated to succulent cuts of meat and lavished with scented perfumes and ointments. + +**Damocles couldn’t believe his luck, but just as he was starting to enjoy the life of a king, he noticed that Dionysius had also hung a razor-sharp sword from the ceiling. It was positioned over Damocles’ head, suspended only by a single strand of horsehair.** + +**From then on, the courtier’s fear for his life made it impossible for him to savor the opulence of the feast or enjoy the servants. After casting several nervous glances at the blade dangling above him, he asked to be excused, saying he no longer wished to be so fortunate.”** + +—--------------- + +Damocles’ story is a cautionary tale of being careful of what you wish for- **Those who strive for power often unknowingly create the very systems that lead to their own eventual downfall. The Sword is often used as a metaphor for a looming danger; a hidden trap that can obliterate those unaware of the great risk that hegemony brings.** + +**Heavy lies the head which wears the crown.** + +&#x200B; + +**There are several Swords of Damocles hanging over the world today, but the one least understood and least believed until now is Triffin’s Dilemma, which lays the bedrock for the Dollar Milkshake Theory. I’ve already written extensively about Triffin’s Dilemma around a year ago in** [**Part 1.5**](https://www.reddit.com/r/Superstonk/comments/o4w45f/hyperinflation_is_coming_the_dollar_endgame_part/) **and** [**Part 4.3**](https://www.reddit.com/r/Superstonk/comments/stz5lm/hyperinflation_is_coming_the_dollar_endgame_part/) **of my Dollar Endgame Series, but let’s recap again.** + +Here’s a great summary- read both sides of the dilemma: + +&#x200B; + +[Triffin's Dilemma Summarized](https://preview.redd.it/s065ifu8ztq91.png?width=645&format=png&auto=webp&s=4b6c4b553972b69f53ed0d8d9e4dd62ac6b1d3dd) + +# (Seriously, stop here and go back and read [Part 1.5](https://www.reddit.com/r/Superstonk/comments/o4w45f/hyperinflation_is_coming_the_dollar_endgame_part/) and [Part 4.3](https://www.reddit.com/r/Superstonk/comments/stz5lm/hyperinflation_is_coming_the_dollar_endgame_part/) Do it!) + +&#x200B; + +**Essentially, Triffin noted that there was a fundamental flaw in the system: by virtue of the fact that the United States is a World Reserve Currency holder, the global financial system has built in GLOBAL demand for Dollars. No other fiat currency has this.** + +How is this demand remedied? With supply of course! The United States thus is forced to run [current account deficits](https://www.investopedia.com/terms/c/currentaccountdeficit.asp#:~:text=A%20current%20account%20deficit%20indicates,used%20to%20finance%20lucrative%20investments.) \- meaning it must send more dollars out into the world than it receives on a net basis. This has several implications, which again, I already outlined- but I will list in summary format below: + +1. The United States has to be a net importer, ie it must run [trade deficits](https://www.investopedia.com/terms/t/trade_deficit.asp), in order to supply the world with dollars. Remember, dollars and goods are opposite sides of the same equation, so a greater trade deficits means that more dollars are flowing out to the world. +2. (This will devastate US domestic manufacturing, causing political/social/economic issues at home.) +3. These dollars flow outwards into the global economy, and are picked up by institutions in a variety of ways. +4. First, foreign central banks will have to hold dollars as Foreign Exchange Reserves to defend their currency in case of attack on the Forex markets. This was demonstrated during the Asian Financial Crisis of 1997-98, when the Thai Baht, Malaysian Ringgit, and Philippine Peso (among other East Asian currencies) plunged against the Dollar. Their central banks attempted to defend the pegs but they failed. +5. Second, companies will need Dollars for trade- as the USD makes up over 60% of global trade volume, and has the deepest and most liquid forex market by far, even small firms that need to transact cross border trade will have to acquire USDs in order to operate. When South Africa and Chile trade, they don’t want to use Mexican Pesos or Korean Won- they want Dollars. +6. Foreign governments need dollars. There are several countries already who have adopted the Dollar as a replacement for their own currency- Ecuador and Zimbabwe being prime examples. [There’s a full list here](https://www.investopedia.com/articles/forex/040915/countries-use-us-dollar.asp). +7. Third world governments that don’t fully adopt dollars as their own currencies will still use them to borrow. [Argentina has 70% of it’s debt denominated in dollars and Indonesia has 30%, for example](https://www.stlouisfed.org/on-the-economy/2021/august/dollar-exposure-public-debt-asia-latin-america). Dollar-denominated debt will build up overseas. + +The example I gave in Part 1.5 was that of Liberia, a small West African Nation looking to enter global trade. Needing to hold dollars as part of their exchange reserves, the Liberian Central Bank begins buying USDs on the open market. The process works in a similar fashion for large Liberian export companies. + +&#x200B; + +[Dollar Recycling](https://preview.redd.it/ldh1w0gqztq91.png?width=804&format=png&auto=webp&s=2a59344121928af386c98529e1d9dd1274f11ff2) + +&#x200B; + +Essentially, they print their own currency to buy Dollars. Wanting to earn interest on this massive cash hoard when it isn’t being used, they buy Treasuries and other US debt securities to get a yield. + +As their domestic economy grows, their need and dependence on the Dollar grows as well. Their Central Bank builds up larger and larger hoards of Treasuries and Dollars. The entire thesis is that during times of crisis, they can sell the Treasuries for USD, and use the USDs to buy back their own currency on the market- supporting its value and therefore defending the peg. + +This buying pressure on USDs and Treasuries confers a massive benefit to the United States- + +&#x200B; + +[The Exorbitant Privilege](https://preview.redd.it/0dlig5xwztq91.png?width=608&format=png&auto=webp&s=0668edbf5b917bbe7e7dd258b3e9ee0aeb01e51f) + +&#x200B; + +This buildup of excess dollars ends up circulating overseas in banks, trade brokers, central banks, governments and companies. These overseas dollars are called the [Eurodollar](https://www.investopedia.com/terms/e/eurodollar.asp) system- a [2016 research paper](https://www.nedbank.co.za/content/dam/nedbank-crp/reports/Strategy/NeelsAndMehul/2016/September/TheRiseAndFallOfTheEurodollarSystem_160907.pdf) estimated the size to be around $13.8 Trillion USD. This system is not under official Federal Reserve jurisdiction so it is difficult to get accurate numbers on its size. + +&#x200B; + +https://preview.redd.it/92wcmhdb0uq91.png?width=691&format=png&auto=webp&s=20dbaf63f75ff6f2e255fff06e6f48c03170b11b + +&#x200B; + +This means the Dollar is always artificially stronger than it should be- and during financial calamity, the dollar is a safe haven as there are guaranteed bidders. + +**All this dollar denominated debt paired with the global need for dollars in trade creates strong and persistent dollar demand. Demand that MUST be satisfied.** + +**This creates systemic risk on a worldwide scale- an unforeseen Sword of Damocles that hangs above the global financial system. I’ve been trying to foreshadow this in my Dollar Endgame Series.** + +**Triffin’s Dilemma is the basis for the Dollar Milkshake Theory posited by Brent Johnson.** + +&#x200B; + +# The Dollar Milkshake + +&#x200B; + +[Milkshake of Liquidity](https://preview.redd.it/moyaa14h0uq91.png?width=1136&format=png&auto=webp&s=c6618339656780a9c9100b00ab739cd6618d7c2f) + +*In 2021, Brent worked with RealVision to create a short summary of his thesis- the video* [*can be found here*](https://www.youtube.com/watch?v=xxzy3sLs4Bs&t=3s&ab_channel=RealVisionFinance)*. I should note that Brent has had this theory for years, dating back to 2018, when he first came on podcasts and interviews and laid out his theory (*[*like this video, for example*](https://www.youtube.com/watch?v=vDr3lRZ01Zo&ab_channel=RealVisionFinance)*).* + +Here’s the summary below: + +\----- + +**“A giant milkshake of liquidity has been created by global central banks with the dollar as its key ingredient - but if the dollar moves higher this milkshake will be sucked into the US creating a vicious spiral that could quickly destabilize financial markets.** + +**The US dollar is the bedrock of the world's financial system. It greases the wheels of global commerce and exchange- the availability of dollars, cost of dollars, and the level of the dollar itself each can have an outsized impact on economies and investment opportunities.** + +But more important than the absolute level or availability of dollars is the rate of change in the level of the dollar. **If the level of the dollar moves too quickly and particularly if the level rises too fast then problems start popping up all over the place (foreign countries begin defaulting).** + +Today however many people are convinced that both the role of the Dollar is diminishing and the level of the dollar will only decline. People think that the US is printing so many dollars that the world will be awash with the greenback causing the value of the dollar to fall. + +Now it's true that the US is printing a lot of dollars – but other countries are also printing their own currencies in similar amounts so in theory it should even out in terms of value. + +**But the hidden issue is the difference in demand. Remember the global financial system is built on the US dollar which means even if they don't want them everybody still needs them and if you need something you don't really have much choice. (See DXY Index):** + +&#x200B; + +[DXY Index](https://preview.redd.it/zchwwigm0uq91.png?width=1652&format=png&auto=webp&s=6226c15d53c4e2309dd58223ee3b2fdfed7a36e5) + +&#x200B; + +Although many countries like China are trying to reduce their reliance on dollar transactions this will be a very slow transition. In the meantime the risks of a currency or sovereign debt crisis continue to rise. + +But now countries like China and Japan need dollars to buy copper from Australia so the Chinese and the Japanese owe dollars and Australia is getting paid in dollars. + +Europe and Asia currently doing very limited amount of non-dollar transactions for oil so they still need dollars to buy oil from saudi and again dollars get hoovered up on both sides + +Asia and Europe need dollars to buy soybeans from Brazil. This pulls in yet more dollars - **everybody needs dollars for trade invoices, central bank currency reserves and servicing massive cross-border dollar denominated debts of governments and corporations outside the USA.** + +And the dollar-denominated debt is key- **if they don't service their debts or walk away from their dollar debts their funding costs rise putting great financial pressure on their domestic economies. Not only that, it can lead to a credit contraction and a rapid tightening of dollar supply.** + +The US is happy with the reliance on the greenback they own the settlement system which benefits the US banks who process all the dollars and act as gatekeepers to the Dollar system they police and control the access to the system which benefits the US military machine where defense spending is in excess of any other country so naturally the US benefits from the massive volumes of dollar usage. + +&#x200B; + +https://preview.redd.it/yq1f1anq0uq91.png?width=1140&format=png&auto=webp&s=27447e2acec884848a5c70ab3651820e487fc0f3 + +&#x200B; + +Other countries have naturally been grumbling about being held hostage to the situation but the choices are limited. **What it does mean is that dollars need to be constantly sucked out of the USA because other countries all over the world need them to do business and of course the more people there are who need and want those dollars the more is the pressure on the price of dollars to go up.** + +**In fact, global demand is so high that the supply of dollars is just not enough to keep up, even with the US continually printing money. This is why we haven't seen consistently rising US inflation despite so many QE and stimulus programs since the global financial crisis in 2008.** + +But, the real risk comes when other economies start to slow down or when the US starts to grow relative to the other economies. If there is relatively less economic activity elsewhere in the world then there are fewer dollars in global circulation for others to use in their daily business and of course if there are fewer in circulation then the price goes up as people chase that dwindling source of dollars. + +Which is terrible for countries that are slowing down because just when they are suffering economically they still need to pay for many goods in dollars and they still need to service their debts which of course are often in dollars too. + +&#x200B; + +**So the vortex begins or as we like to say the dollar milkshake- As the level of the dollar rises the rest of the world needs to print more and more of its own currency to then convert to dollars to pay for goods and to service its dollar debt this means the dollar just keeps on rising in response many countries will be forced to devalue their own currencies so of course the dollar rises again and this puts a huge strain on the global system.** + +(see the charts below:) + +[JPY\/USD](https://preview.redd.it/5fc39ieu0uq91.png?width=1648&format=png&auto=webp&s=5f589b516892b3d74434e3109fb8abc4d03f48b6) + +&#x200B; + +[GBP\/USD](https://preview.redd.it/m2f6a66w0uq91.png?width=1651&format=png&auto=webp&s=d1d7fe6a2c2b490fb3823d83f0a87eecb137195c) + +&#x200B; + +[EUR\/USD](https://preview.redd.it/w13yyzvx0uq91.png?width=1649&format=png&auto=webp&s=1efbf28b6ac6a843ab97db66e566dd9b1991c544) + +&#x200B; + +To make matters worse in this environment the US looks like an attractive safe haven so the US ends up sucking in the capital from the rest of the world-the dollar rises again. **Pretty soon you have a full-scale sovereign bond and currency crisis.** + +&#x200B; + +https://preview.redd.it/72nlain01uq91.png?width=1141&format=png&auto=webp&s=cbaa411acc88acb3849949d84a36624d75d6cfc4 + +&#x200B; + +**We're now into that final napalm run that sees the dollar and dollar assets accelerate even higher and this completely undermines global markets. Central banks try to prevent disorderly moves, but the global markets are bigger and the momentum unstoppable once it takes hold.** + +**And that is the risk that very few people see coming but that everyone should have a hedge against -** **when the US sucks up the dollar milkshake, bad things are going to happen.** + +Worst of all there's no alternatives- what are you going to use-- Chinese Yuan? Japanese Yen? the Euro?? + +**Now, like it or not we're stuck with a dollar underpinning the global financial system.”** + +**—-------------** + +**Why is it playing out now, in real time?? It all leads back to a** [**tweet I made in a thread on September 16th**](https://twitter.com/peruvian_bull/status/1570825818905149448)**.** + +&#x200B; + +[Tweet Thread about the Yuan](https://preview.redd.it/jxn3idn41uq91.png?width=604&format=png&auto=webp&s=4de40b7f54b443d7e9bb51cd7bce23a439322fa9) + +&#x200B; + +The Fed, rushing to avoid a financial crisis in March 2020, printed trillions. This spurred inflation, which they then swore to fight. Thus they began hiking interest rates on March 16th, and began Quantitative Tightening this summer. + +**QE had stopped- No new dollars were flowing out into a system which has a constant demand for them. Worse yet, they were hiking completely blind-** + +**Although the Fed is very far behind the curve, (meaning they are hiking far too late to really combat inflation)- other countries are even farther behind!** + +Japan has rates currently at 0.00- 0.25%, and the Eurozone is at 1.25%. These central banks have barely begun hiking, and some even swear to keep them at the zero-bound. By hiking domestic interest rates above foreign ones, the Fed is incentivizing what are called carry trades. + +Since there is a spread between the Yen and the Dollar in terms of interest rates, it thus is profitable for traders to borrow in Yen (shorting it essentially) and buy Dollars, which can earn 2.25% interest. The spread would be around 2%. + +DXY rises, and the Yen falls, in a vicious feedback loop. + +Thus capital flows out of Japan, and into the US. The US sucks up the Dollar Milkshake, draining global liquidity. As I’ve stated before, this has seriously dangerous implications for the global financial system. + +For those of you who don’t believe this could be foreseen, check out the ending paragraphs of [Dollar Endgame Part 4.3 - “Economic Warfare and the End of Bretton Woods](https://www.reddit.com/r/Superstonk/comments/stz5lm/hyperinflation_is_coming_the_dollar_endgame_part/)” published February 16, 2022: + +&#x200B; + +[Triffin's Dilemma is the Final Nail](https://preview.redd.it/bx7qxik91uq91.png?width=626&format=png&auto=webp&s=aa33beda1bd52127bd08dedf688ffc1093804a8d) + +&#x200B; + +**What I’ve been attempting to do in my work is restate Triffins’ Dilemma, and by extension the Dollar Milkshake, in other terms- to come at the issue from different angles.** + +Currently the Fed is not printing money. Which is thus causing havoc in global trade (seen in the currency markets) because not enough dollars are flowing out to satisfy demand. + +**The Fed must therefore restart QE unless it wants to spur a collapse on a global scale. Remember, all these foreign countries NEED to buy, borrow and trade in a currency that THEY CANNOT PRINT!** + +We do not have enough time here to go in depth on the Yen, Yuan, Pound or the Euro- all these currencies have different macro factors and trade factors which affect their currencies to a large degree. **But the largest factor by FAR is Triffin’s Dilemma + the Dollar Milkshake, and their desperate need for dollars. That is why basically every fiat currency is collapsing versus the Dollar.** + +The Fed, knowingly or not, is basically in charge of the global financial system. They may shout, “We raise rates in the US to fight inflation, global consequences be damned!!” - But that’s a hell of a lot more difficult to follow when large G7 countries are in the early stages of a full blown currency crisis. + +**The most serious implication is that the Fed is responsible for supplying dollars to everyone. When they raise rates, they trigger a margin call on the entire world. They need to bail them out by supplying them with fresh dollars to stabilize their currencies.** + +**In other words, the Fed has to run the loosest and most accommodative monetary policy worldwide- they must keep rates as low as possible, and print as much as possible, in order to keep the global financial system running.** If they don’t do that, sovereigns begin to blow up, like [Japan did last week](https://www.reddit.com/r/Superstonk/comments/xlfm3q/japan_intervenes_to_support_the_yen_for_first/) and like [England did on Wednesday](https://www.nytimes.com/2022/09/28/business/economy/bank-of-england-bonds.html). + +**And if the world’s financial system implodes, they must bail out not only the United States, but virtually every global central bank. This is the Sword of Damocles.** The money needed for this would be well in the dozens of trillions. + +The Dollar Endgame Approaches… + +—------------------------------------------------------------- + +&#x200B; + +# Q&A + +# (Many of you have been messaging me with questions, rebuttals or comments. I’ll do my best to answer some of the more poignant ones here.) + +—----- + +**Q: I’ve been reading your work, you keep saying the dollar is going to fall in value, and be inflated away. Now you’re switching sides and joining the dollar bull faction. Seems like you don’t know what you’re talking about!** + +A: You’re mixing up my statements. When I discuss the dollar losing value, I am referring to it falling in ABSOLUTE value, against goods and services produced in the real economy. This is what is called inflation. I made this call in 2021, and so far, it has proven right as inflation has accelerated. + +The dollar gaining strength ONLY applies to foreign currency exchange markets (Forex)- remember, DXY, JPYUSD, and other currency pairs are RELATIVE indicators of value. Therefore, both JPY and USD can be falling in real terms (inflation) but if one is falling faster, then that one will lose value relative to the other. Also, Forex markets are correlated with, but not an exact match, for inflation. + +I attempted to foreshadow the entire dollar bull thesis in the conclusion of Part 1 of the Dollar Endgame, posted well over a year ago- + +&#x200B; + +[Unraveling of the Currency Markets](https://preview.redd.it/5pp47ufj1uq91.png?width=627&format=png&auto=webp&s=35933a528aefbe9ae9a9cb7584573860e34f0d6c) + +&#x200B; + +I did not give an estimate on when this would happen, or how long DXY would be whipsawed upwards, because I truly do not know. + +I do know that eventually the Fed will likely open up swap lines, flooding the Eurodollar market with fresh greenbacks and easing the dollar short squeeze. Then selling pressure will resume on the dollar. They would only likely do this when things get truly calamitous- and we are on our way towards getting there. + +The US bond market is currently in dire straits, which matches the prediction of spiking interest rates. The 2yr Treasury is at 4.1%, it was at 3.9% just a few days ago. Only a matter of time until the selloff gets worse. + +—------ + +**Q: Foreign Central banks can find a way out. They can just use their reserves to buy back their own currency.** + +Sure, they can try that. It’ll work for a while- but what happens once they run out of reserves, which basically always happens? I can’t think of a time in financial history that a country has been able to defend a currency peg against a sustained attack. + +&#x200B; + +[Global Forex Reserves](https://preview.redd.it/w6i7c7vr1uq91.png?width=651&format=png&auto=webp&s=3722388dfd9eb144b29628660dcabda71be49599) + +&#x200B; + +**They’ll run out of bullets, like they always do, and basically the only option left will be to hike interest rates, to attract capital to flow back into their country. But how will they do that with** [**global debt to GDP at 356%**](https://carnegieendowment.org/chinafinancialmarkets/86397#:~:text=Global%20debt%2C%20according%20to%20a,356%20percent%20of%20global%20GDP.)**? If all these countries do that, they will cause a global depression on a scale never seen before.** + +Britain, for example, has a bit over $100B of reserves. That provides maybe a few months of cover in the Forex markets until they’re done. + +**Furthermore, you are ignoring another vicious feedback loop. When the foreign banks sell US Treasuries, this drives up yields in the US, which makes even more capital flow to the US! This weakens their currency even further.** + +&#x200B; + +[FX Feedback Loop](https://preview.redd.it/mj67gomu1uq91.png?width=1230&format=png&auto=webp&s=5ad239fc7ac3d4f0f000f0ada20b8b15869011c4) + +&#x200B; + +**To add insult to injury, this increases US Treasury borrowing costs, which means even if the Fed completely ignores the global economy imploding, the US will pay much more in interest. We will reach insolvency even faster than anyone believes.** + +**The 2yr Treasury bond is above 4%- with $31T of debt, that means when we refinance we will pay $1.24 Trillion in interest alone. Who's going to buy that debt? The only entity with a balance sheet large enough to absorb that is the Fed. Restarting QE in 3...2…1…** + +**—----** + +**Q: I live in England. With the Pound collapsing, what can I do? What will happen from here? How will the governments respond?** + +England, and Europe in general, is in serious trouble. You guys are currently facing a severe energy crisis stemming from Russia cutting off Nord Stream 1 in early September and now with Nord Stream 2 offline due to a mysterious leak, energy supplies will be even more tight. + +Not to mention, you have a pretty high [debt to GDP at 95](https://www.statista.com/statistics/282841/debt-as-gdp-uk/)%. Britain is a net importer, and is still running government deficits of £15.8 billion (recorded in Q1 2022). Basically, you guys are the United States without your own large scale energy and defense sector, and without Empire status and a World Reserve Currency that you once had. + +The Pound will almost certainly continue falling against the Dollar. The Bank of England panicked on Wednesday in reaction to a [$100M margin call on British pension funds](https://www.risk.net/derivatives/7954682/uk-pensions-hit-with-ps100m-margin-calls-as-gilts-and-sterling-slide), and now has begun buying long dated (10yr) gilts, or government bonds. + +They’re doing this as inflation is spiking there even worse than the US, and the nation faces a currency crisis as the Pound is nearing parity with the Dollar. + +&#x200B; + +[BOE announces bond-buying scheme \(9\/28\/22\)](https://preview.redd.it/aw9n5nux1uq91.png?width=726&format=png&auto=webp&s=c9a0731f7f376affc42dc5088be098d9b9b6d38e) + +&#x200B; + +I will not sugarcoat it, things will get rough. You need to hold cash, make sure your job, business, or investments are secure (ie you have cashflow) and hunker down. Eliminate any unnecessary purchases. If you can, buy USDs as they will likely continue to rise and will hold value better than your own currency. + +If Parliament goes through with more tax cuts, that will only make the fiscal situation worse and result in more borrowing, and thus more money printing in the end. + +—---- + +**Q: What does this mean for Gamestop? For the domestic US economy?** + +Gamestop will continue to operate as I am sure they have been- investing in growth and expanding their Web3 platform. + +Fiat is fundamentally broken. This much is clear- we need a new financial system not based on flawed 16th fractional banking principles or “trust me bro” financial intermediaries. + +My hope is that they are at the forefront of a new financial system which does not require centralized authorities or custodians- one where you truly own your assets, and debasement is impossible. + +I haven’t really written about GME extensively because it’s been covered so well by others, and I don’t feel I have that much to add. + +As for the US economy, we are still in a deep recession, no matter what the politicians say- and it will get worse. But our economic troubles, at least in the short term (6 months) will not be as severe as the rest of the world due to the aforementioned Dollar Milkshake. + +The debt crisis is still looming, midterms are approaching, and the government continues to deficit spend as if there’s no tomorrow. + +As the global monetary system unravels, yields will spike, the deleveraging will get worse, and our dollar will get stronger. The fundamental factors continue to deteriorate. + +I’ve covered the US enough so I'll leave it there. + +—------ + +**Q: Did you know about the Dollar Milkshake Theory before recently? What did you think of it?** + +Of course I knew about it, I’ve been following Brent Johnson since he appeared on RealVision and Macrovoices. He laid out the entire theory in 2018 in a long [form interview here](https://www.youtube.com/watch?v=vDr3lRZ01Zo&ab_channel=RealVisionFinance). I listened to it maybe a couple times, and at the time I thought he was right- I just didn’t know how right he was. + +Brent and I have followed each other and been chatting a little on Twitter- his handle is [SantiagoAuFund](https://twitter.com/SantiagoAuFund), I highly recommend you give him a follow. + +&#x200B; + +[Twitter Chat](https://preview.redd.it/7209qmz12uq91.png?width=596&format=png&auto=webp&s=3b86ab37882e4d03c478bbd85486967ad7b39691) + +&#x200B; + +I’ve never met him in person, but from what I can see, his predictions are more accurate than almost anyone else in finance. Again, all credit to him- he truly understands the global monetary system on a fundamental level. + +I believed him when he said the dollar would rally- but the speed and strength of the rally has surprised me. I’ve heard him predict DXY could go to 150, mirroring the massive DXY squeeze post the 1970s stagflation. He could very easily be right- and the absolute chaos this would mean for global trade and finance are unfathomable. + +&#x200B; + +[History of DXY](https://preview.redd.it/csqatuw52uq91.png?width=1499&format=png&auto=webp&s=dcaf46ee28e8a582f5145a8b6d62218943836c26) + +&#x200B; + +—---------- + +**Q: The Pound and Euro are falling just because of the energy crisis there. That's it!** + +Why is the Yen falling then? How about the Yuan? Those countries are not currently undergoing an energy crisis. Let’s review the year to date performance of most fiat currencies vs the dollar: + +Japanese Yen: -20.31% + +Chinese Yuan: -10.79% + +South African Rand: -10.95% + +English Pound: -18.18% + +Euro: -14.01% + +Swiss Franc: -6.89% + +South Korean Won: -16.73% + +Indian Rupee: -8.60% + +Turkish Lira: -27.95% + +There are only a handful of currencies positive against the dollar, the most notable being the Russian Ruble and the Brazilian Real- two countries which have massive commodity resources and are strong exporters. In an inflationary environment, hard assets do best, so this is no surprise. + +—------ + +**Q: What can the average person do to prepare? What are you doing?** + +Obligatory this is NOT financial advice + +This is an extremely difficult question, as there are so many factors. You need to ask yourself, what is your financial situation like? How much disposable income do you have? What things could you cut back on? I can’t give you specific ideas without knowing your situation. + +Personally, I am building up savings and cutting down on expenses. I’m getting ready for a severe recession/depression in the US and trying to find ways to increase my income, maybe a side hustle or switching jobs. + +I am holding my GME and not selling- I still have some shares in Fidelity that I need to DRS (I know, sorry, I was procrastinating). + +For the next few months, I believe there will be accelerating deflation as interest rates spike and the debt cycle begins to unwind. But like I’ve stated before, this will lead us towards a second Great Depression very rapidly, and to avoid the deflationary blizzard the Fed will restart QE on a scale never seen before. + +QE Infinity. This will be the impetus for even worse inflation- 25%+ by this time next year. + +**It’s hard to prepare for this, and easy to feel hopeless. It’s important to know that we have been through monetary crises before, and society did not devolve into a zombie apocalypse. You are not alone, and we will get through this together.** + +It’s also important to note that we are holding the most lopsided investment opportunity of a generation. Any money you put in there can be grown by orders of magnitude. + +We are at the end of the Central Bankers game- and although it will be painful, we will rid the world of them, I believe, and build a new financial system based on blockchains which will disintermediate the institutions. They have everything to lose. + +—------ + +**Q: I want to learn more, where can I do? What can I do to keep up to date with everything?** + +You can start by reading books, listening to podcasts, and checking the news to stay abreast of developments. I have a book list linked at the end of the Dollar Endgame posts. + +I’ll be covering the central bank clown show on Twitter, you can follow me there if you like. I’ll also include links to some of my favorite macro people below: + +* [Peruvian Bull](https://twitter.com/peruvian_bull) (my only account) +* [Lyn Alden](https://twitter.com/LynAldenContact) +* [Luke Gromen](https://twitter.com/LukeGromen) +* [Brent Johnson](https://twitter.com/SantiagoAuFund) +* [Raoul Pal](https://twitter.com/RaoulGMI) +* [Andreas Steno Larsen](https://twitter.com/AndreasSteno) +* [Jeffrey Snider](https://twitter.com/JeffSnider_AIP) + +I’m still finishing up the finale for [Dollar Endgame](https://www.reddit.com/r/Superstonk/comments/o4vzau/hyperinflation_is_coming_the_dollar_endgame_part/)\- I should have it out soon. I’m also writing an addendum to the series which is purely Q&A to answer questions and concerns. Sorry for the wait. + +—------------------- + +*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.* +Following the requests from Ukrainian minister to sabotage ordinary users from Crypto exchanges + +Kraken CEO Jesse Powell has a very good and fair point + +>Besides, If we were going to voluntarily freeze financial accounts of residents of countries unjustly attacking and provoking violence around the world, Step[One] would be to freeze all the US accounts + +The dude got a point,If citizens should be punished for the actions of their govt, then it should start from freezing accounts of US citizens + +I like this dude, he got some balls and really stands for it, never mince his words,He is one of the right guy to lead Crypto. +Gilead Sciences potential antiviral drug for coronavirus, Remdesivir, "flopped" in its first randomized clinical trial, according to the Financial Times, citing draft documents published accidentally by the WHO. The Chinese trial showed Remdesivir didn't improve patients' conditions or reduce the virus in the bloodstream. The drug also show significant side effects. + +The study was terminated early due to low enrollment and was underpowered to enable statistical meaningful conclusions, said Gilead. [source](https://www.streetinsider.com/FDA/Gilead+Sciences+%28GILD%29+Antiviral+Drug+Remdesivir+Flops+in+First+trial+-+FT/16777741.html) + +&#x200B; + +>UPDATE: Gilead Says Investigators In Remdesivir Study Did Not Provide Permission For Publication Of Results, Confirms Study Terminated Early Due To Low Enrollment +> +>\^ saw this in a tweet, looking for source. (its really common for headlines to get put on terminals like this) +* Anything connected to electric vehicles or clean energy has gone ballistic in the past few months. S&P Kensho Electric Fund has grown 5 fold and the most obvious tesla 8 fold becoming the 5th largest company in the US. +* Increase inflow of new investors: Active **investor** accounts rose by a record 10.4 million in **2020**, according to the data from the country's two main depositories. Retail ownership in more than 1,500 companies listed on the National Stock Exchange of India jumped to 9 percent in the third quarter of **2020**, the highest since March 2018. +* Stocks in fashionable areas such as electric cars and solar power have soared, something similar to adding .com in the end during the dot com bubble. +* Buffet Indicator: The Buffett Indicator is the ratio of total the United States stock market valuation to GDP. As of June 3, 2021, that is **currently 84% (or about 2.7 standard deviations) above the historical average, suggesting that the market is Strongly Overvalued**. These are historical, all-time highs. However, with interest rates at historic lows, there is reason to suspect that "this time is different" may hold true. +* “This order of asset price inflation in the context of the estimated 8 percent contraction in GDP in 2020-21 poses the risk of a bubble,” the RBI said. +* Earnings per share (EPS) for 90% of the S&P 500 companies increased by 46% year on year (YOY), rather than the expected 20%. 68% outperformed the consensus by one standard deviation. + +Contrary: + +* Learning from the 1929 crash, the government knows to never spike interest rates when the economy is on the rough. Quite the contrary, the Fed now actively lowers interest rates during recessions in order to promote business lending and growth! + +There can be few more points that prove it might not be a bubble on comparing it with the historical market crash. + +Should we start selling in anticipation of a crash? + +1. Stock prices are statistically proven to be **RANDOM.** +2. It’s **IMPOSSIBLE** to time the market (I am not smart enough to do so, I call it impossible). +3. Being optimistic OR pessimistic about the market hurt us equally. **Inaction is the best action.** +4. Stocks will always go up faster than the descent in the future, even history shows that. + +Open for thoughts. +Welcome to the ETH Daily Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here. Please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules)** to become familiar with them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://www.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, venting, trolling, or any other similar behavior **should be reported** and redirected to the /r/CryptoMarkets trollbox thread. To visit this thread, [follow this link](https://www.reddit.com/r/CryptoMarkets/search?q=Trollbox+Thread&sort=new&restrict_sr=on&t=all) and choose the latest entry on the search page. + +*** + +* For newcomers who have basic questions about Ethereum, you can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](http://bit.ly/2rMAXmq). + +* **[EXPERIMENTAL]** - To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +We bought our first home back in July 2019. 3 story town-home right in between Washington D.C and Baltimore. I took a great opportunity to move NC so we decided that we would just rent out the house. After a lot of hold up from COVID we finally have a tenant moving in on Friday. Paying for two mortgages has been hell but we weathered the storm. + +House - 330K +Rent- 2k + + +My main question is: +We are pretty much breaking even for now. Should we focus on paying down the loan faster or should we invest the extra earnings? + +Edit: "Extra Earnings" is probably not the right term. As the mortgage is being paid in full by the tenant. + +More info on the house: was new construction, 10 year roof/structure warranty, Appliances have 5 year warranty, HOA, built on a slab, . + +Thank you for the info everyone. There is a lot I didn't think of, as this is a big learning experience. Very excited to be moving forward and hopefully tightening things up with the knowledge I gain along the way. +They will become worthless in a few years. I understand some of the NFT projects but 99.9% of them are totally usuless and over-hyped. NFTs might be one of the biggest disappointments in the future. +Hi Fam, + +People at work / peers always ask me why I don't buy my first home ? I simply said that I hate debt, hate being a slave for 30 years and my capital could be used towards something else better. I started talking about stonk's having around 6 figures worth and trying to aim FIRE with 7 figures by 45, they all saying it's risky... I said that losing your job and having a mortgage with kid's is more risky, there's no guarantee I will keep the house and kid's but my stonk's will be with me for life \*\*HODL\*\*. They all look at me like I'm some sort of retard, but then they go and congratulate a person using 20x leverage to buy a piece of box. Who's the autist ? +Yesterday I got the rest of my disability back pay. I paid off my entire renters and car insurance for 6 months, 6 months of my rent and 3 months of my fiancee's rent (we share finances and live together but the way our town does it is each person has their own lease and rent is just split between the leases). That left us enough to pay off the rest of this month's bills, go out to a chinese buffet, and have 300 in savings. I'm proud but it's hard to do the right thing sometimes. This is the first time I've been this 'paid off' and just wanted to share my small victory. +A new mortgage guarantee scheme to help people with small deposits get on the property ladder is set to be announced at next week's Budget. + +The government will offer incentives to lenders, bringing back 95% mortgages which have "virtually disappeared" during the pandemic, the Treasury said. +The new scheme is not restricted to first-time buyers or new-build homes, but there will be a £600,000 limit. + +https://www.bbc.co.uk/news/uk-56218952 +I have been working for the same company for 2 years now. Every year you make at the company you have a review where you get a raise. Only people that work "full time" are eligible. + +The first year that I was working there, I was working "part-time", which really just means I didn't have benefits, because I was still working almost 40 hours a week. I started working "full time" when I made my first year, which meant that I did not get a review for my entire full year. It's been a year of me being full time and I had my first review and I left with a $1.5 raise. + +A couple of months ago I referred my friend to the job because we were short people. Long story short she has been here 5 months, and she found/was offered a job at another office for $6 more an hour. When she put in her two weeks to leave for the new job, my current boss counter offered her to match the pay for her to stay. So now my friend who has only been working there for less than 6 months got a $6 raise, while I only got a $1.5 raise after two years of working for this company. + +While I'm happy for my friend, I can't help but to feel cheated and undervalued. We technically have the same job, but I do more work than she does and I don't know what to do or how to handle this situation. + +Do I ask my boss to match her pay? How would I even bring that up? What if she says no? I'm just really lost as to what my next steps are.. + + +I bought a brand new house by myself using a VA loan back in September 2020 with a 2.5% fixed. I asked my gf to move in with me the following March 2021. My housing payment is $1300 including the mortgage, escrow, & HOA. I charge her $600 in rent and we split all utilities halfway evenly (water, electric, internet). I haven’t had to do any major maintenance since it’s a new house besides changing out HVAC air filters every few months. + +We plan to get married eventually and she has even said we can do a pre-nup. She’s a very understanding and mature woman. + +My question is should I factor in her rent contribution when I decide to sell my house and we go to buy a house together in the future? I mean as in proportionally give her a share of whatever profit I make off the house sale. Would this be fair since she contributes to me paying my house? + +Edit: After reading everything I’ve decided against it. Just wanted to get input and see if doing it made sense and gave my gf a fair share. What’s mine is mine and what’s hers is hers. She’s be paying rent whether she lived with me or not and I’d be paying my mortgage with or without her. Thanks for the inputs everybody! +**Disclosure: This is not investment advice. I own shares of GME. I like the stock. This is purely my opinion and these numbers have not been audited.** +--- +**Round 2**: Ding, ding, ding. Here's my previous [analysis](https://www.reddit.com/r/wallstreetbets/comments/lspbb5/gme_dd_analysis_of_options_expiry_on_226_and/) + +--- + +**TL;DR**: The data indicates that squeezes could be on the way. + +--- +**Analysis** + +Currently: Roughly $227m in value, or 11.6m shares, (call-put) are in the money. + +* At each $10 threshold up to $150/share, approximately 1m shares come into the money at each increment. +* At $160/share, approximately 2m shares come into the money. + +&nbsp; + +Since rate of delta change is the highest around each strike price (meaning gamma is also largest). It would lead me to believe that a ton of shares will need to be bought to hedge these positions as these share price amounts are passed (creating a sequence of gamma squeezes). + +&nbsp; + +**If price were to squeeze up to $810/share (~56b market cap): + +* The net calls in the money would exceed the float.** This is insane! Even if calls were covered on the way up by buying the underlying, it's not possible to cover more than 100% of float +* 8m shares would come into the money creating a huge gamma squeeze +* This in turn would create a massive short squeeze (even if current short reporting is accurate, which is somewhat questionable at this point, there are more net calls alone that need to be covered to exceed float, which means shorts would be squeezed not just because of the price, but also because of share lenders calling shares. P.S. - Not sure how this works, so would like to hear others weigh-in if they understand this better) +* Really, hitting this price seems like it would create a squeeze of epic proportions + +&nbsp; + +As of 3/3 close: (Call Value ITM - Put Value ITM) = **>$226m** | Call Shares ITM - Put Shares ITM = **>11.5m** + +--- + +**Data** + +&nbsp; + +Here's the call-put at various different prices. + +&nbsp; + +|close price|call-put value|call-put shares|% of float|market cap +|--:|--:|--:|--:|--: +| 100 | -$201,809,550 | 6,835,400 | 15.2% | $7b +|110|$10,521,350|9,778,800|21.7%|$8b +|120|$226,704,750|11,592,100|25.7%|$8b +|130|$446,365,250|12,925,800|28.7%|$9b +|140|$669,720,750|14,056,700|31.2%|$10b +|150|$894,626,250|15,208,300|33.8%|$10b +|160|$1,129,840,250|17,105,300|38.0%|$11b +|170|$1,366,069,250|17,670,700|39.2%|$12b +|180|$1,605,351,750|18,202,100|40.4%|$13b +|190|$1,847,982,750|18,695,800|41.5%|$13b +|200|$2,093,079,750|19,494,900|43.3%|$14b +|210|$2,351,539,750|21,391,700|47.5%|$15b +|220|$2,611,682,750|21,638,200|48.0%|$15b +|230|$2,873,648,250|22,053,100|49.0%|$16b +|240|$3,138,199,250|22,466,600|49.9%|$17b +|250|$3,405,997,250|23,338,600|51.8%|$17b +|260|$3,679,676,750|24,481,600|54.3%|$18b +|270|$3,954,336,250|24,657,400|54.7%|$19b +|280|$4,229,638,750|24,801,000|55.1%|$20b +|290|$4,505,858,750|24,948,400|55.4%|$20b +|300|$4,783,059,750|25,351,500|56.3%|$21b +|310|$5,073,186,250|26,944,700|59.8%|$22b +|320|$5,364,298,000|27,189,100|60.4%|$22b +|330|$5,658,580,000|27,605,400|61.3%|$23b +|340|$5,955,671,000|27,963,300|62.1%|$24b +|350|$6,253,594,000|28,084,700|62.3%|$24b +|360|$6,556,845,000|28,649,400|63.6%|$25b +|370|$6,862,032,500|28,867,000|64.1%|$26b +|380|$7,168,371,000|29,016,600|64.4%|$27b +|390|$7,475,723,500|29,127,600|64.7%|$27b +|400|$7,783,850,500|29,250,500|64.9%|$28b +|410|$8,105,302,000|30,614,100|68.0%|$29b +|420|$8,427,259,000|30,695,200|68.1%|$29b +|430|$8,750,625,000|30,869,200|68.5%|$30b +|440|$9,075,446,000|31,042,300|68.9%|$31b +|450|$9,400,534,000|31,107,800|69.1%|$31b +|460|$9,728,535,000|31,430,100|69.8%|$32b +|470|$10,056,809,000|31,484,600|69.9%|$33b +|480|$10,385,370,000|31,545,700|70.0%|$33b +|490|$10,714,482,000|31,629,000|70.2%|$34b +|500|$11,044,436,000|31,819,200|70.6%|$35b +|510|$11,387,898,000|33,292,500|73.9%|$36b +|520|$11,731,749,000|33,374,100|74.1%|$36b +|530|$12,075,914,000|33,435,900|74.2%|$37b +|540|$12,420,559,000|33,513,000|74.4%|$38b +|550|$12,765,594,000|33,583,900|74.5%|$38b +|560|$13,113,141,000|33,932,800|75.3%|$39b +|570|$13,460,868,000|34,100,400|75.7%|$40b +|580|$13,809,225,000|34,290,800|76.1%|$40b +|590|$14,157,787,000|34,374,400|76.3%|$41b +|600|$14,506,602,000|34,414,800|76.4%|$42b +|610|$14,862,204,000|35,107,200|77.9%|$43b +|620|$15,217,948,000|35,128,000|78.0%|$43b +|630|$15,573,943,000|35,156,900|78.0%|$44b +|640|$15,930,174,000|35,187,000|78.1%|$45b +|650|$16,286,864,000|35,242,800|78.2%|$45b +|660|$16,646,145,000|35,509,400|78.8%|$46b +|670|$17,005,750,000|35,544,100|78.9%|$47b +|680|$17,365,355,000|35,546,300|78.9%|$47b +|690|$17,725,404,000|35,592,900|79.0%|$48b +|700|$18,085,453,000|35,597,700|79.0%|$49b +|710|$18,450,950,000|36,147,300|80.2%|$50b +|720|$18,816,447,000|36,152,400|80.2%|$50b +|730|$19,182,837,000|36,246,800|80.5%|$51b +|740|$19,549,227,000|36,263,800|80.5%|$52b +|750|$19,916,583,000|36,377,400|80.7%|$52b +|760|$20,283,939,000|36,389,300|80.8%|$53b +|770|$20,652,936,000|36,565,300|81.2%|$54b +|780|$21,021,933,000|36,594,700|81.2%|$54b +|790|$21,393,815,000|36,912,600|81.9%|$55b +|800|$21,765,697,000|37,047,300|82.2%|$56b +|810|$22,217,511,000|45,175,200|100.3%|$56b +|820|$22,669,325,000|45,175,200|100.3%|$57b +|830|$23,121,139,000|45,175,200|100.3%|$58b +|840|$23,572,953,000|45,175,200|100.3%|$59b +|850|$24,024,767,000|45,175,900|100.3%|$59b +|860|$24,476,680,000|45,186,500|100.3%|$60b +|870|$24,928,593,000|45,186,500|100.3%|$61b +|880|$25,380,506,000|45,186,500|100.3%|$61b +|890|$25,832,419,000|45,186,500|100.3%|$62b +|900|$26,284,332,000|45,187,200|100.3%|$63b +|910|$26,736,550,000|45,218,400|100.4%|$63b +|920|$27,188,768,000|45,218,400|100.4%|$64b +|930|$27,640,986,000|45,218,400|100.4%|$65b +|940|$28,093,204,000|45,218,400|100.4%|$66b +|950|$28,545,422,000|45,220,100|100.4%|$66b +|960|$29,000,108,000|45,468,600|100.9%|$67b +|970|$29,454,794,000|45,468,600|100.9%|$68b +|980|$29,909,480,000|45,468,600|100.9%|$68b +|990|$30,364,166,000|45,468,600|100.9%|$69b +|1000|$30,818,852,000|45,468,600|100.9%|$70b +|1010|$31,273,538,000|45,468,600|100.9%|$70b +|1020|$31,728,224,000|45,468,600|100.9%|$71b +|1030|$32,182,910,000|45,468,600|100.9%|$72b +|1040|$32,637,596,000|45,468,600|100.9%|$73b +|1050|$33,092,282,000|45,468,600|100.9%|$73b +|1060|$33,546,968,000|45,468,600|100.9%|$74b +|1070|$34,001,654,000|45,468,600|100.9%|$75b +|1080|$34,456,340,000|45,468,600|100.9%|$75b +|1090|$34,911,026,000|45,468,600|100.9%|$76b +|1100|$35,365,712,000|45,468,600|100.9%|$77b +|1110|$35,820,398,000|45,468,600|100.9%|$77b +|1120|$36,275,084,000|45,468,600|100.9%|$78b +|1130|$36,729,770,000|45,468,600|100.9%|$79b +|1140|$37,184,456,000|45,468,600|100.9%|$80b +|1150|$37,639,142,000|45,468,600|100.9%|$80b +|1160|$38,093,828,000|45,468,600|100.9%|$81b +|1170|$38,548,514,000|45,468,600|100.9%|$82b +|1180|$39,003,200,000|45,468,600|100.9%|$82b +|1190|$39,457,886,000|45,468,600|100.9%|$83b +|1200|$39,912,572,000|45,468,600|100.9%|$84b +|1210|$40,367,258,000|45,468,600|100.9%|$84b +|1220|$40,821,944,000|45,468,600|100.9%|$85b +|1230|$41,276,630,000|45,468,600|100.9%|$86b +|1240|$41,731,316,000|45,468,600|100.9%|$86b +|1250|$42,186,002,000|45,468,600|100.9%|$87b +|1260|$42,640,688,000|45,468,600|100.9%|$88b +|1270|$43,095,374,000|45,468,600|100.9%|$89b +|1280|$43,550,060,000|45,468,600|100.9%|$89b +|1290|$44,004,746,000|45,468,600|100.9%|$90b +|1300|$44,459,432,000|45,468,600|100.9%|$91b +|1310|$44,914,118,000|45,468,600|100.9%|$91b +|1320|$45,368,804,000|45,468,600|100.9%|$92b +|1330|$45,823,490,000|45,468,600|100.9%|$93b +|1340|$46,278,176,000|45,468,600|100.9%|$93b +|1350|$46,732,862,000|45,468,600|100.9%|$94b +|1360|$47,187,548,000|45,468,600|100.9%|$95b +|1370|$47,642,234,000|45,468,600|100.9%|$96b +|1380|$48,096,920,000|45,468,600|100.9%|$96b +|1390|$48,551,606,000|45,468,600|100.9%|$97b +|1400|$49,006,292,000|45,468,600|100.9%|$98b +|1410|$49,460,978,000|45,468,600|100.9%|$98b +|1420|$49,915,664,000|45,468,600|100.9%|$99b +|1430|$50,370,350,000|45,468,600|100.9%|$100b +|1440|$50,825,036,000|45,468,600|100.9%|$100b +|1450|$51,279,722,000|45,468,600|100.9%|$101b +|1460|$51,734,408,000|45,468,600|100.9%|$102b +|1470|$52,189,094,000|45,468,600|100.9%|$103b +|1480|$52,643,780,000|45,468,600|100.9%|$103b +|1490|$53,098,466,000|45,468,600|100.9%|$104b +|1500|$53,553,152,000|45,468,600|100.9%|$105b +|1510|$54,007,838,000|45,468,600|100.9%|$105b +|1520|$54,462,524,000|45,468,600|100.9%|$106b +|1530|$54,917,210,000|45,468,600|100.9%|$107b +|1540|$55,371,896,000|45,468,600|100.9%|$107b +|1550|$55,826,582,000|45,468,600|100.9%|$108b +|1560|$56,281,268,000|45,468,600|100.9%|$109b + + + +&nbsp; + +**Source**: [Yahoo! Finance](https://finance.yahoo.com/quote/GME/options?p=GME) + +*I pulled all options expirations date available.* + +&nbsp; + +I would appreciate if others can contribute to (and expand upon) this analysis. + +&nbsp; + +**Finally**: This is not investment advice. I own shares of GME. I like the stock. +Ukraine has [published official addresses](https://twitter.com/Ukraine/status/1497594592438497282?s=20&t=qrsqUrPZKkiucJYWRC54-A) to accept donations for much needed supplies. Please, I'm asking you all to dig deep into your wallets and donate whatever you can. + +Those of you who've been around the crypto space for a long time will remember when donations to good causes were lauded in the community as a way to grow the footprint of cryptocurrency as a way to transfer wealth across borders. + +Right now, we should all invoke that same community giving mentality and put our Satoshis where our thoughts and prayers are. Dig deep, send what you can, and lets show the world why cryptocurrency is the future of finance. + +If you're a miner, point your rewards to Ukraine, if you're staking, stake in the name of Ukraine, if you're a hodler let your grip ease up in the name of a free and independent Ukraine. There is no middle-man here. Ukraine has official wallet addresses to accept donations. This is what crypto was made to be used for-- So lets use it. + +Note: If you do donate, please send the Transx # in the comments below along with an indication of the country you are from so your fellow crypto enthusiasts can give some love. + +Proof of my identity [can be found here.](https://imgur.com/a/O65vPSy) +____________________________________________________________________________ + +Edit: + +If anyone is interested in reaching out to the Consulate/Embassy to inquire about volunteering or other ways to help Ukraine, their websites are down, so here's their contact information: + +**US Embassy in Washington DC:** + +3350 M Street, NW +Washington, D.C. 20007 + +Telephone: (202) 349-2963 + +Email: emb_us@mfa.gov.ua + +Website: usa.mfa.gov.ua + +________________________________________________ + +**Consulate in New York City:** + +240 East 49 st +New York, NY 10017 + +Phone: (212) 371-5690 + +Email: gc_usn@mfa.gov.ua + +__________________________________________________ + +**Consulate in Chicago:** + +10 East Huron Street +Chicago, IL 60611 + +Phone: (312) 642-4388 + +Email: gc_usc@mfa.gov.ua + +__________________________________________________ + +**Consulate in San Francisco:** + +530 Bush Street, suite # 402 +San Francisco, CA 94108 + +Phone: (415) 398-0240 + +Email: gc_uss@mfa.gov.ua + +__________________________________________________ + +For the non-US folks, the entire list of embassies and consulates can be found here: https://www.embassypages.com/ukraine +In 2010, I decided to buy myself hair clippers. I bought it for £24.00. + +Still going strong and I saved around £15.00 per month on barber fees. + +So saved almost £2000.00 (excluding fuel cost driving to the barbers ) over the past 12 years. + + +What have you bought that save you money? + +I would like to know and to see if I can copy any relevant ideas. + + +Thank you. + + +* House Democrats just teed up a potential vote next week on a congressional stock trading ban. +* Top Democrats told colleagues that the legislation will most likely include Supreme Court justices. +* That inclusion — along with the short time members will have to consider the bill — may signal peril. + +House Democratic leaders announced that the chamber may consider legislation to ban members of Congress from trading stocks as soon as next week. + +Democratic Rep. Hakeem Jeffries of New York — the chair of the Democratic caucus — announced on the House floor on Thursday afternoon that the body "may consider legislation to reform the STOCK Act." + +House Speaker Nancy Pelosi previously indicated that a bill could come in September. + +In a "Dear Colleague" letter sent on Thursday and obtained by Insider, Democratic Rep. Zoe Lofgren of California, the chair of the Committee on House Administration, released a framework entitled "Combatting Financial Conflicts of Interest and Restoring Public Faith and Trust in Government." + +"Across the entire federal government, there have been significant stories regarding financial conflicts of interest in relation to stock trading and ownership," Lofgren wrote. "Collectively, these stories undermine the American people's faith and trust in the integrity of public officials and our federal government." + +The framework includes much of what prominent advocates of stock-ban legislation have asked for, such as including spouses and dependent children in any potential ban. + +Other framework provisions call for: + +* Mandatory electronic filing of financial disclosures, as some officials submit all-but-illegible disclosures. +* Requiring "more granularity" when disclosing financial trades. Currently, lawmakers are only required to disclosure the values of their trades in broad ranges, such as $100,000 to $250,000 or $1 million to $5 million. +* A ban on senior government officials, including members of Congress and their immediate families, from trading cryptocurrencies. + +Lofgren's framework also includes one class of government official alongside members of Congress — Supreme Court justices. It's a move that advocates view as a potential "poison pill" meant to ensure the legislation is unable to pass the Senate. + +Full article: [https://www.businessinsider.com/stock-ban-congress-us-house-lawmakers-trading-investing-2022-9](https://www.businessinsider.com/stock-ban-congress-us-house-lawmakers-trading-investing-2022-9) + +House Democrats have released a framework for legislation to ban members of Congress from trading stocks, with a possible vote on the ban next week. Several members of congress have recently been in the spotlight for possible insider trading. + +Do you think the ban will be passed? +There are levels to FIRE, and they have more to do with your psychological state than your NW. + +Level -1: The “MORE” stage. You are interested in FIRE conceptually, but you don’t have a specific NW and timeline goal around it. Consequently, your only framing for how much you have is “not enough,” and your only framing for what you need is “more.” + +Level 0: The accumulation stage. You have set a target NW and timeline goal. Consequently, you can work back into a financial plan for saving and investing. You can measure progress toward your goals easily. + +Level 1: The target NW stage. You have hit your initial target NW. This causes you to feel anxious because suddenly it does not feel like enough. Consequently, you run financial calculators over and over to allay your fears. + +Level 2: The goal reset stage: You reset a new NW goal and keep working. This can be due to fear from previous level or fear of losing your identity post-FIRE. Some people go through many resets to higher numbers, that all happens in this stage. This is where many fatFIRE people get stuck. + +Level 3: The FI stage: You are done with resets. You actually believe you are financially independent and you will never have to work for money again. Consequently, you feel excited about your future and also may have some concerns about how much change is coming. You are still working, but with an increased sense of freedom and flexibility. + +Level 4: The retirement stage: You stop doing paid work. You have more time to pursue your interests and other parts of your life. You feel a lot of freedom and control. You may also feel a loss of community and purpose as you transition. + +Level 5: The passion stage: Your skills, passion, interests, and unique perspective lead you to uncover interesting ways to use your time and energy. Counterintuitively, this may include paid work, but the motivation is not accumulation, but instead passion and impact. Family, charity, and community are other common ways that people typically see their impact. + +Interested in feedback on this framework. Where do you feel like you are at? +Hello all, +I am a small retail investor, I mostly own some ETFs but I also bought some shares in a couple of companies. Some days ago I got an email from my broker (Degiro) saying that one of the companies I own share of (Siemens Gamesa) is planning a tender offer to buy the shares it doesn't own. I understand they plan to delist and merge with Siemens Energy, which owns some 67% of Siemens Gamesa already. +They offer a fixed price which is 30% lower than the one that I bought the shares at so selling my shares would make me lose money. While Degiro explains and I understand what would happen if I sell, I don't know what would happen if I don't sell my shares. +I asked Degiro but they didn't tell me much, suggested to contact the company; I did but no answer yet. +From what I read on the internet about these cases, I understand that by not selling I would still keep my shares but that I would not be able to trade them on a regular exchange, only on an OTC one and that the price would likely further decrease there. I never traded on OTC. +Any insights or advice in such a situation? Should I just sell my shares and take in the loss? It doesn't feel fair, I paid more for them, and while I was in a loss for a while now due to the lower share price, I could still hope that the share price will increase. Being forced to sell the shares cancels that hope. Thank you very much. +...because I can't even remember the last time I only had a 40 hour week. + +Stuff like "face time" matters. Sure, technically the working hours at my workplace is 9.00-5.30pm but if you left at 5 everyday...within a week you'll be given more work guaranteed. Instead, leaving at 6 is already an early mark. + +It can't only be me that is experiencing this yet my social media feed is flooded with the idea of a 4 day work week. In theory, I am definitely for it. In actuality, how realistic do you think the idea is? Especially if you are asking the employer to keep your salary at the current level. + +Even the new mothers in my team who work 3-4 days are online all the time. I really want the 4 day week to be reality but the more I think about it the more like fantasy it seems. + +Agreed? +A financial advisor built a portfolio for her to live off of with monthly dividend payments. She was getting around $2800 a month after taxes in income and only needed $2000 to live the rest was reinvested back into the stocks each month. She does not qualify for social security and didn't know that selling the stocks would mean she would not be paid she just freaked out when the balance fell by half then looked into ways to preserve wealth. I looked through the account history and it looks like she owned O, KBWY, SRET, and SPHD. No matter how I weight those funds I cant get the monthly payments to where they were before now. She has just over $500k cash in her brokerage account after I sold the precious metals ETF. Shes 72 years old and healthy but was a stay at home mom so not much in work experience. She has some credit card debt that takes about $300 a month a car payment of $480 and a mortgage with only 4 years left at $770. I tried calling the advisor she used before but he said he will not work with clients under $1 million net worth. +Source: https://www.theia.org/media/press-releases/fund-market-continues-strong-start-2021-ps24-billion-inflows + +>**NET RETAIL SALES OF EQUITY FUNDS BY REGION** + +>Global was the best-selling equity fund region in February 2021, with net retail sales of £969 million. + +>Asia funds were second, seeing net retail inflows of £638 million. + +>All other regions saw outflows, with Japan funds experiencing net retail outflows of £74 million. + +>North America funds experienced net retail outflows of £94 million. + +>Europe funds saw net retail outflows of £228 million. + +>**UK funds saw net retail outflows of £1 billion.** +Good Morning Everyone! + +Before today's post I wanted to make a quick note. There have been some accusations of brigading and using bots to upvote these posts due to it being posted to my daily announcement feed on my discord. After a conversation with the mods of this sub, and in order to curb these accusations, I have offered to remove the link to my daily DD from my YouTube Stream and my discord announcements. If that is traditionally how you have followed these posts in the past, you will have to check my reddit profile moving forward for updates. + +Today will be the last day this post is linked outside of Reddit. As always, I prefer to take the path that creates the least drama. + +I just like the stock. + +Today is the final gamma exposure day for options that expired on the 17th. While the massive drops in price leading into quad witching (across the entire ETF basket) drove many call options OTM last week, all of the other tickers that track with GME have been experiencing increased price and volatility this week. + +If they have managed to evade this exposure, or the majority of it, by dropping the price. They will have simply created exposure further out. + +If share creation from ETFs (they burned XRT and MEME in the process) was the primary driver of the massive price drop to reduce the gamma exposure then all it does is simply push the covering out into the ETF settlement windows of T+3 and T+6. The exposure is unavoidable no matter how they try to dodge it. They can shift it in the short term from MM settlement to ETF settlement or further compound losses in January by creating more FTDs. + +As I have said before the suppression of the price is only sustainable in the short-term and based on the last couple weeks they have thrown everything at making this happen. + +[Settlement windows from Quad Witching, Being able to drag this out could be relevant in providing insight into who is shorting the stock. Only APs can make use of ETF creation. ](https://preview.redd.it/iwmpgcztm3781.png?width=1627&format=png&auto=webp&s=bc964ed644ca5426cab7263ec6dde1ebc83c237d) + +**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After-market + +Just down today. None of the expected price action due to gamma exposure from ETF LEAPS and GME Quarterlies. The most reasonable explanation seems to be the massive shorting that went through ETFs after the end of exposure covering in November, dragged the price low enough that it was below the level of relevant exposure and thus were able to protect their open naked call positions. + +We know that only minimal shares of actual GME stock were borrowed from the SEC lending pool (due to the borrow rate remaining relatively static). The only way to have facilitated this was through mass creation from GME containing ETFs, proved by the large outflow from ETFs like IJR, XRT, VTI, MEME (some even ending up on the threshold list) and by the massive drop in prices across the whole sector. + +This like all synthetic shorting isn't sustainable in the long term but the ETF shorting has less predictable windows than MM's gamma exposure. Settling on T+3/T+6 and an additional 35 calendar days if FTD'd. + +I will be looking to the next few days for an indication of covering this ETF creation, but I don't hold much hope for price action in the near-term. The bullish side of this is if they do FTD, the FTDs will be due in January when we already expect a large amount of FTDs, adding fuel to the proverbial fire. Thank you so much for tuning in, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/d0hd50mfu5781.png?width=695&format=png&auto=webp&s=87c627a8e021d1e9b44e74206aecbd2fbc1853b4 + +Edit 3 1:41 + +Big drop down below the 250 EMA, Options chain continues to look bullish and no indication of ITM put means just straight shorting. This is not looking good for any upside today. + +https://preview.redd.it/9wop58tv25781.png?width=1625&format=png&auto=webp&s=b3b60daead49dabf8c8fb517b52468a24e7b7e53 + +Edit 2 11:59 + +Starting to get a bit of an upside breakout moving into the latter half of the day + +https://preview.redd.it/ggip84uik4781.png?width=1639&format=png&auto=webp&s=773b9b9bd8a4b7f36cdb1219f207ce5298f01186 + +Edit 1 10:15 + +Slow morning on super low volume. 238k traded 45 minutes into market open. Fidelity down intermittently due to AWS outages. This could be effecting order flow if the outages are preventing trades from occurring. + +https://preview.redd.it/8mize58c24781.png?width=1360&format=png&auto=webp&s=af07200e96882c2290e6c87a4425b18c67e72c43 + +# Pre-Market Analysis + +GME volume in the pre-market is the lowest I have seen maybe ever, currently only 4100 shares traded since market open. Price is down -.44% but we are still above max-pain @ $155. + +Shares to borrow: + +IBKR - 60,000 @ 0.9% (40,000 borrowed this morning) + +Fidelity - 659,708 @ 0.75% (about 200k returned yesterday) + +[GME pre-market 1m](https://preview.redd.it/lbug0atjo3781.png?width=1636&format=png&auto=webp&s=c41a94c3af40c3671b4ed962aa8bd99cc2df4a4c) + +&#x200B; + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Hi, I'm in my 20s and unmarried, and this will be the case for a long time. Here is what I have decided to give a dedicated portion of my salary to. + +**The one thing that bothers is where do I include expenses such as EMI for a Car let's say 20k/m? In that case what category should be squeezed to balance it out?** + +I'm still yet to finalize my funds and plans for my investment. Been lurking on this sub lately to get more clues. + + +Open to all of your opinions please feel free to adjust and let me know why so, Thanks. +1) Fixed amount must be invested to the upper limit + +|Name|Limit|\~ Percentage| +|:-|:-|:-| +| Investment (mutual fund) | 50,000 |35| +| Long-term investment\* (life Insurance) | 10,000 |7| +| Health Insurance (personal) | 5,000 |5| +| Critical Saving (recurring deposit) | 15,000 |10| + +&#x200B; + +2) Expenses remaining go to (4) + +| General Expenses (Rent, Food, Utility Bills) | 30,000 |21| +|:-|:-|:-| +| Travel Expenses | 5,000 |5| + + + +3) Good expenses to have for personal development only + +| Personal Development (Gym, sports, hobbies) | 10,000 |7| +|:-|:-|:-| + + + + +4) Unnecessary expenses for impulse buying, unexpected funds, non-investment related EMI + +| Personal milestones, unnecessary EMI, and unexpected funds |12,000|8| +|:-|:-|:-| + + +&#x200B; + +Charity! + +|Charity| 3,000 |2| +|:-|:-|:-| +Been investing since January 2020. I started with about $75,000. Fast forward to today and my Portfolio is worth about $200,000. I had 2 lucky picks that have yielded most of the Gains. + +My portfolio was as high as $240,000 at one point, but of course, we get greedy and then ride stocks back down. But it’s sort of funny how often times, the ones we sell too early end up being the winners, and the ones we hang into end up being the losers Lolol. The struggle is real. + +The stocks that performed the best, were of course the ones that I sold too early lol. Just off the top of my head, there were 4 stocks that I sold early that went on to 10X. And of course, I have gotten stuck in many losers along the way. + +30 years old now, and while I might keep 20 or 30% for speculative picks, I think I might just switch over to 70 or 80% in a broad ETF. + +XEQT seems like it might be my best option for this, but I’d be interested in hearing any others you guys have been looking at. + +Who else out there has gone down a similar path starting as a stock picker and moved to passive income? Do you still speculate at all? Or do you just DCA everything in the broad market ? Be interested to hear some of your stories / journeys +What's up FIRE community. I wanted to share my personal "FIRE" story. + +I'm a single 24 year old guy, and I got my first job working finance for a large company in March 2020. You know, when COVID-19 hit. I was in the office for a week, and then my company went remote. Remote work was chill. I talked to my friends all day on the phone, played some Xbox, and did whatever it is that 22 year olds do when they have too much free time. I also discovered the stock market. + +Maybe some of you have heard of SPACs. Well I put $6k in a Roth IRA, and I turned that $6k into $300k+ in less than a year trading said SPACs. Was it awesome? I mean yeah, at first. What I didn't realize at the time was how much the stock market was controlling my life. All of my conversations gravitated towards investing. My subconscious mind was thinking about P&L at all times. I didn't sleep well, and I checked my portfolio every 15 minutes or so every day. Now I was one of the lucky ones: in hindsight I had all of the signs of a gambling problem, but I was good. + +Then a month or so ago, I lost $130k. In a day. See when you play aggressive games, you are going to take aggressive burns. I should have cashed out at the top, but that's no fun, is it? + +The problem was when I had $6k, I wanted $30k. Then $50k. Then $100k. Then $250k. Then $500k. If you've never been in the game, it seems stupid. But I kept winning, so the goal post kept moving. I never hit that $500k. In fact, I dropped well below $200k. Losing over $100k at 24 years old should have hurt, but honestly I was a bit relieved. + +Why? Because it snapped me out of the game. I realized that whether or not I was making $$$, it didn't matter because I could never be present in my life. What a trash existence. That loss was the best thing that ever happened to me. + +I sold everything and went all in on SPY. I still have a six figure Roth IRA at 24, which is better than most. I consider myself lucky. + +"Wait Barmelo, I thought this was about travel?" + +Yes, but I needed to provide a bit of context first. + +So my company announced in July that we would be going back to the office in September. Well that didn't sound fun to me. I'm in a unique spot in that I will be beginning graduate school at Columbia University in Fall 2022. I still have a good bit of money both 1) saved up and 2) from stocks, and I realized that I would be selling my car before I moved to NYC next year too. + +I bought a one way ticket to Barcelona, sold my 4runner, and told my company I was quitting. + +Why? + +Well we Americans spend way too much time working working working without a thought for anything else. + +Graduate high school to get in a good college. After college get a good job. Then get married. Then have kids. Then work to put them through school. Then retire and spend the last years of your life chasing ambitions when you're too old to enjoy them. How sad. + +Well the FIRE community wants to accelerate that retirement to let you enjoy those benefits sooner. The problem with that is that many people ignore their present to save for the future so much that they are miserable for years while trying to hit that target. Guess what? That mythical "target" won't make you happy. + +I decided to take the first of what could be several "mini" retirements in life. I mean dude, I'm 24. I wanted to go see the Northern Lights in Iceland. Party in Prague. Ride a camel in Morocco. Walk where Jesus walked in Israel. Smoke some weed in Amsterdam. Fall in and out of love all over the world. Make a ton of mistakes, and even more memories. + +And you know what? I'm a month in writing to you from Sevilla, Spain right now, and I have done some of those things. And it's freaking awesome. + +We spend way too much time building financial capital at the expense of social capital, and that's a piss poor trade off. + +It's okay to have fun. And spend some money. And enjoy yourself while you're young. + +I realize I'm speaking from a place of privilege. I'm going to a great grad school next year that will allow me to get a great job. I made a lot of money on the market which boosted my retirement account AND helped fund my trip. I had a car that sold for way more than it was worth. + +But I know young people like me lurk this forum. Guys who will cut every cost to retire at 38. This is for you. When you're 60 you won't care if you retired at 38 or 40. You will care if you made memories worth remembering when you were young. If the choice is a journal full of incredible stories or a bank account full of dollars, go with the former. + +Take care of your money, but don't forget your life along the way. +If I am interested in a stock, I research the company diligently. One should conduct his/her own due diligence and comprehensive research, when evaluating stocks he/she is interested in. Do your homework and get answers to your questions. Try to understand the business behind any stock you are about to own. DD increases the odds of making the right financial decision. + +It is an ongoing process, an activity you engage in prior to investing, followed by the continuous monitoring of the company to stay current. + +Although conducting due diligence properly and thoroughly can be both an intimidating and time consuming task, it is vital to success.  + +Often it is not what we can know that may hurt us as much as what cannot be known. In other words, we can learn a great deal from studying a company's history, but at the end of the day we must, as accurately as we can, forecast the future.  Making reasonable forecasts represent the most challenging aspects of due diligence. + +There is a huge difference between true investors, speculators, day traders, options traders and others. The primary difference relates to whether you are interested in owning a business or attempting to make guesses about price movements, so for investors it is trying to calculate the company's intrinsic value as accurately as possible. + +The first step in due diligence process is the determination of whether or not you believe a given business is worthy of the time and effort required for further scrutiny. + +The second step is assessing your own financial situation. Ask yourself questions like how much cash do I have available and how much am I willing to invest in this business? + +Now look at the business’s financial statements, like balance sheets and income statements from the current and previous years to get a quick idea of a company’s performance. Is it making more money than it spends? Are profit margins growing or shrinking? + +look at outside factors that could influence the business’s future. Are there many competitors and are they growing or shrinking? Is the category industry healthy, or generally is performing poorly? + +Identify the risks that a company might face. Is it currently in legal trouble and facing a court decision that could bring financial penalties? Could government regulation damage the business’s activities? + +Then look into corporation’s management team and ownership, and investors relations. Is it concentrated in the hands of a few investors or spread across many people? Do the management team have a track record of success? + +Now look at the company's relevant numbers: + +10-K  annual report: financial statements for the full year and reasonably detailed summary of the company's business operations, risks, and accounting policies. + +10-Q  quarterly report:  financial statements, and more details about financial performance than in press releases or conference calls. + +8-K report of a material event: companies are required to file 8-K If something big is happening. + +DEF-14A proxy statement: who's on the board and how much stock they own, how much the CEO makes, or what kind of options the company gives out. + +S-1 prospectus: filed by companies before share offerings. They have detailed information about the business and its finances. + +So far your research relates to the elementary health of the business. Now do you believe those fundamentals are strong enough and worthy of your future continued endeavors. + +Reviewing financial information should include their direction. Past and future performance are a function of the earnings and cash flows that a company generates on behalf of its stakeholders.  Therefore, cash flow statements will examine how successful the business has been in generating cash. + +Next, review sections of the company's website in order to better familiarize yourself with the company and the management team. Then turn to reviewing additional information from independent sources. Include current news and press releases regarding key developments or announcements about the company. Ignore articles presenting opinions about the company and keep as much bias out. + +Finally, Remember that there are no shortcuts, and comprehensive due diligence and research is a necessity for successful results. + +Sometimes stocks are over valuated, but if you've done your DD, then you can wait for the right opportunity to jump in. + +It is also important to consider how a given stock would factor into your overall portfolio. + +You must recognize too, that it is not failsafe. There are no guarantees that success will follow. + +Remember that the wind does not always blow in the direction sailors wish. + +Now no FOMO before DD and once invested no FOBI. You know that the company will perform well over a business cycle. + +Happy trading and good luck. + +CaptainTough +If I am interested in a stock, I research the company diligently. One should conduct his/her own due diligence and comprehensive research, when evaluating stocks he/she is interested in. Do your homework and get answers to your questions. Try to understand the business behind any stock you are about to own. DD increases the odds of making the right financial decision. + +It is an ongoing process, an activity you engage in prior to investing, followed by the continuous monitoring of the company to stay current. + +Although conducting due diligence properly and thoroughly can be both an intimidating and time consuming task, it is vital to success.  + +Often it is not what we can know that may hurt us as much as what cannot be known. In other words, we can learn a great deal from studying a company's history, but at the end of the day we must, as accurately as we can, forecast the future.  Making reasonable forecasts represent the most challenging aspects of due diligence. + +There is a huge difference between true investors, speculators, day traders, options traders and others. The primary difference relates to whether you are interested in owning a business or attempting to make guesses about price movements, so for investors it is trying to calculate the company's intrinsic value as accurately as possible. + +The first step in due diligence process is the determination of whether or not you believe a given business is worthy of the time and effort required for further scrutiny. + +The second step is assessing your own financial situation. Ask yourself questions like how much cash do I have available and how much am I willing to invest in this business? + +Now look at the business’s financial statements, like balance sheets and income statements from the current and previous years to get a quick idea of a company’s performance. Is it making more money than it spends? Are profit margins growing or shrinking? + +look at outside factors that could influence the business’s future. Are there many competitors and are they growing or shrinking? Is the category industry healthy, or generally is performing poorly? + +Identify the risks that a company might face. Is it currently in legal trouble and facing a court decision that could bring financial penalties? Could government regulation damage the business’s activities? + +Then look into corporation’s management team and ownership, and investors relations. Is it concentrated in the hands of a few investors or spread across many people? Do the management team have a track record of success? + +Now look at the company's relevant numbers: + +10-K  annual report: financial statements for the full year and reasonably detailed summary of the company's business operations, risks, and accounting policies. + +10-Q  quarterly report:  financial statements, and more details about financial performance than in press releases or conference calls. + +8-K report of a material event: companies are required to file 8-K If something big is happening. + +DEF-14A proxy statement: who's on the board and how much stock they own, how much the CEO makes, or what kind of options the company gives out. + +S-1 prospectus: filed by companies before share offerings. They have detailed information about the business and its finances. + +So far your research relates to the elementary health of the business. Now do you believe those fundamentals are strong enough and worthy of your future continued endeavors. + +Reviewing financial information should include their direction. Past and future performance are a function of the earnings and cash flows that a company generates on behalf of its stakeholders.  Therefore, cash flow statements will examine how successful the business has been in generating cash. + +Next, review sections of the company's website in order to better familiarize yourself with the company and the management team. Then turn to reviewing additional information from independent sources. Include current news and press releases regarding key developments or announcements about the company. Ignore articles presenting opinions about the company and keep as much bias out. + +Finally, Remember that there are no shortcuts, and comprehensive due diligence and research is a necessity for successful results. + +Sometimes stocks are over valuated, but if you've done your DD, then you can wait for the right opportunity to jump in. + +It is also important to consider how a given stock would factor into your overall portfolio. + +You must recognize too, that it is not failsafe. There are no guarantees that success will follow. + +Remember that the wind does not always blow in the direction sailors wish. + +Now no FOMO before DD and once invested no FOBI. You know that the company will perform well over a business cycle. + +Happy trading and good luck. + +CaptainTough +I’ve been in bitcoin since late 2017 and it even sparked enough curiosity to send me back to school for cpu engineering, however as of late I’ve noticed more and more bullish sentiment (which I love) however it seems to be diluted unfortunately due to the sheer number of absolute shills who seem to have little to no understanding of blockchain tech or the ecosystem. + +Yes it’s dangerous for companies to put large portions of their cash on their balance sheets into highly volatile assets. This isn’t rocket science people, also isn’t a damnation of bitcoin in itself. + +Yet after pointing out that simple fact I’ve received several nasty anon dm’s....from one little comment. + +Be kind to one another, stack sats, and spread knowledge. + +Take Care! I’ll check back in at 250k or something. +Over a month and $24K is in limbo, can't trade, can't withdraw. Their system just gives some stupid error, like "null" and a red line, without any other details. + +Multiple tickets, opened, escalated, tried to write everywhere to them on social media, no response. + + +Anyone else experience a similar issue? Is there any chance to get the money back? Do they just ignore all tickets and try to pocket all the money before they close shop for good? + + +*Edit: thanks reddit, we did it! Got my ticket resolved and the account fixed, and immediately exchanged all in ether/BTC and withdrew to a hardware wallet.* +Since the last earnings call and the most recent number of DRS'd shares everyone and their dog tries to convince the community that *every* broker will fuck you over and force close your positions in GME. + +Following this logic there will be no MOASS because brokers will liquidate GME shares at whatever low price they think is adequate. I don't say that this won't happen in *some* cases and that's why I am 90% DRS'd. But trying to 'motivate' others to DRS because '*no* broker share is safe' automatically invalidates every MOASS theory. So maybe let's try not to speak in absolutes ('every' broker; 'no' other shares are safe etc.) and get more people to DRS by pointing out the legitimate and factual risks with brokers and the benefits of DRS. + +Edit: typo +I will buy a normal car, a normal house and I will get a job I enjoy doing. +Yeah, financial independece is great, but what I am most excited for is dumping my gains in green businesses, research and education. + +I want to spend my money for the benefit of the majority, not the 1%. I hope (and know) other apes will do the same. + +This is why I HODL +Moving to a new job means I lose out on the pretty decent MI plan I have in my current job. Ergo, I'm on the look out for a MI plan for my father who is 60+, diabetic, heart patient with a surgery a few years back. + +I understand there are a lot of nitty gritties involved and seek suggestions from anyone here who might have gone thru the drill recently. My few requirements/preferences - minimal waiting time for pre existing conditions, no pre med check up, minimal co pay, coverage >=10L. While this may push up the premium a notch, I think I'll be okay with it. +From the data I’ve seen, I don’t really see it. Someone please enlighten me. I’m interested but the returns I see seem to be lower and it’s a ton of work. Leverage? Tax rules? What am I missing? +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). +TLDR: + + 1. This is a passing phase! - just wait more and it will work. + + 2. The Fed did it! - central banks pumped too much money and skewed the markets. + + 3. The Investment World has become flatter! - people have more resources and screen better to gain the advantage of bargains. + + 4. The global economy has changed! - concepts of value have changed with technology. + +What do you think??? + +Full Article: + +[https://acquirersmultiple.com/2020/10/aswath-damodaran-4-reasons-why-value-investing-hasnt-worked-over-the-last-decade/](https://acquirersmultiple.com/2020/10/aswath-damodaran-4-reasons-why-value-investing-hasnt-worked-over-the-last-decade/) +Trying to decide whether private high schools are worth it. Cost of private is $60k/year where we live. Our public schools are well-rated, mostly because of parent demographics (rich parents = higher testing kids). + +We selected private for elementary and middle school because there was very little academic differentiation in those grades in public. But that changes in high school with honors and AP class options. Obvious benefits of private I can think of are smaller classes hence more individualized attention from teachers, more curriculum flexibility to advance in the areas kiddo is ahead and passionate in, and maybe more supports and less stress. + +How have you made the decision of public vs private? Private will delay fatFIRE for at least 4-6 years counting both kids. +At the beginning of the pandemic, I lost my job. I was unemployed for awhile and with no unemployment checks coming in for literal months, I drained a lot of my savings trying to stay afloat. (Those checks did eventually come in, but a mass majority of them went towards paying off debt that I had accumulated to afford the cost of living in the meantime.) + +I job hunted for five months before accepting a position that paid less than my pre-pandemic job(s) did and have been struggling to financially survive this past year in between health issues, my car breaking down and having to buy a new one and paying for some significant repairs to my fiancé’s car as well. We also bought a house right at the start of the pandemic (not knowing how brutal it was all going to be, we had been house hunting for a year prior) and so home repairs were huge hits to the budget as well. In the past month alone, we’ve had to take out a home improvement loan due to finding mold that needs treating and repairing our ceiling from some recent significant water damage. + +I don’t regret taking the job that I did because I absolutely love it and the people that I work for are incredible, but I have had to pick up a lot of side gigs to make ends meet. It’s been tough to be a full time student and working 50+ hours per week just to survive. The pressure has been real. + +Well, after I knew that the contract for my current job would be ending, I started the job hunt again and have been on the hunt for another five or six months now. But I finally got a job offer starting next month that is increasing my income by about 50%. I am over the moon!!! I won’t have to work side gigs to pay bills anymore and paying off our debt and increasing our savings again will again be possible. I am hugely relieved! +A curiosity because after going through some of the wiki, I noticed that the skeletons of a strategy can be pretty straightforward. The packages are more than helpful for anyone backtesting simple TA strats given the functions provided. But then I go deeper into the wiki to see that there are some people's code that have like 10k lines of code. Is that because once we venture out and hypothesize math/statistic heavy strategies, we will need to code more and more custom functions since there won't necessarily be a package for what we need? + +I'm also asking the more general question just because..does it need be so complicated? I saw a wiki post about some dude's code being like 50 lines but the quantity of lines isnt so much my question. If we have general market knowledge, is that exploitable as well? For instance, understanding how certain securities behave or have a certain level of economic knowledge or even a working strategy that you manually trade by and simply want to automate it. Is that all within the scope of this sub? + +&#x200B; + +Edit: Thank you for the award! This is the first one I've gotten :) + +Edit: Awardss +Thanks everyone! Glad to see this has sparked discussion amongst both beginning and seasoned algotraders :) +The recent rash of anti traditional retirement vehicles is absolutely astounding, short sided, and stupid. Some of you are going to get absolutely wrecked financially because you are all in on crypto and don't know what you are doing. + +401ks and IRAs offer fantastic tax advantages that straight investing does not. Also if you have an employer who matches you are leaving money on the table by not taking advantage of that. It's foolish. Crytpo is great and should definitely be in your portfolio but it should not be your whole portfolio. + +I realize this is going to be hugely unpopular here but maybe someone will get it. Take advantage of the tax advantage retirement accounts set up by your govt. +If you're an OG ape, you clearly have seen and read all the DDs signalling that a market crash is coming. Several experts such as Dr. Michael J. Burry, Warren Buffet, Ray Dalio and Jeremy Grantham warned us of an inflated market and that the bubble might pop sooner than later. + +Such experts look at different indicators to have a clear vision of how healthy our markets really are. + +Those indicators can be : + +* **Brisk debt / GDP** +* **M2 money supply** +* **PMI Stage V Recovery** + +Here is what the **M2 money supply** chart looks like : + +[M2 steadily increasing since Covid-19](https://preview.redd.it/2tvrtkbfkzi71.jpg?width=780&format=pjpg&auto=webp&s=659941510f3d53a545b486f58d1fb1f3ab53eff8) + +Smaller investors may look at different indicators such as : + +* A *lot* of stimulus checks being given by the government +* Oreos releasing a cookie with more stuffing + +Here is the latest Oreo with more stuffing, re-released in 2021 by popular demand (🌈🐻 much?) : + +[Now this is stuf racing](https://preview.redd.it/iapq6kxllzi71.jpg?width=2400&format=pjpg&auto=webp&s=bb4bfefe4b28bf2ed87e9c9395045ff3182c9b81) + +Ape investors like myself use an indicator that is not widely spread. I can't think of a better indicator to signal that a market crash is imminent. It is a pleasure to share it with the shrewdness. 🦍 + +I present to you...\*drum roll\*... + +**Soybean Oil Futures!** + +The gigantic crash of '08 could have been predicted with this indicator. People weren't able to look at the right place. + +Soybean oil futures chart : + +[Do you smell something funky?](https://preview.redd.it/pjwzqsyimzi71.jpg?width=2373&format=pjpg&auto=webp&s=5ffce7ab30dc3ce9d311bfaa7b667229646f9f18) + +So the price of these futures spiked up from 2007 to 2008 before rapidly crashing down to '04 levels. Since the second half of 2020 up to today, futures have mooned again to '08 levels. + +**MARKET CRASH IS COMING. LOOK AT THE SOYBEAN OIL FUTURES!** + +**Market crash = MOASS** + +Thanks for reading! + +See you all on Moonday 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\*\*\*Edit\*\*\* + +I did not see his post, but u/Smokypro7 found the indicator first and posted about it. Credit given where credit is due. Go give him some love! +Yep, got scratched by a bat while climbing. I had finally managed to save up one thousand dollars just for a fucking bat to scratch me, and now the health department and everyone I know is telling me to to get the rabies vaccine. Lo and behold itll close around 10k dollars and my $1500 deductible hasn’t been paid at all, and my copay sucks. There goes all my savings and over a third of my yearly salary. + +Considering just taking the chance and seeing if I have rabies or not. What kind of fucked society puts people in this position? My dad says I deserve it for climbing because it’s “high risk”. Well damn, looks like I have to be broke and not even enjoy my only pastime according to him. Sorry to add another vent post. + +If anyone has recommendations on how to negotiate the bill down or something please let me know. + +UPDATE: This post got a lot more attention that I imagined it would. Thank you all for your support, from the links for assistance to the link to animals ravaged by rabies, it was all helpful. I did go in and get my shots, two so far. The immunoglobulin was administered to destroy any rabies that could’ve been in my system, and dose 1/4 of the vaccine was also administered. I go in tomorrow for dose 2/4. I have not been billed yet, so we will see what that looks like. The good news is, I am not afraid of water nor am I turning into a zombie. I will live! + +Because of the resources many of you all have posted, I have a game plan moving forward with whatever bill they stick me with. I believe I will qualify for a lot of financial assistance, so things aren’t looking as bad as I initially feared. Thank you all for bringing these options to my attention. I’m sure the bill will be hefty and I’ll still need some sort of payment plan, but I think i will be able to manage. + +I really appreciate everyone’s concern, I was thinking of you all while I was in the ER getting the immunoglobulin. Rabies is no joke! +**DISCLAIMER:** *I am not a financial advisor, and I do not provide financial advice. Many thoughts here are my opinion, and others can be speculative.* + +*Everything I am highlighting here is asking questions about publically available information and not an accusation of any wrongdoing of any parties mentioned.* + +**Also... I'm not financially trained, so feel free to correct me if I miss something or get something wrong!!** + + + +**NAVIGATION:** + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) + +&#x200B; + +(THIS IS GME RELATED) + +(Shameless PLUG: Follow me on Twitter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +Ok Apes... Last time we spoke, we talked about Charter Schools and questioned the reason why SO MANY Billionaires we're interested in investing in them. + +I'll let you make your own interpretations: [PART 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) + +This time... we are going to talk about the OTHER thing that Billionaires all love to pump money into... + +# FOUNDATIONS + +Now... don't get me wrong here. I'm sure there are lots of foundations out there that do a lot of good. This is merely an examination of the FUNCTIONALITY of these foundations and why they potentially get so much attention from the super-rich. + +Let's start with one we all know... + +&#x200B; + +https://preview.redd.it/4gktjg5nvm571.png?width=976&format=png&auto=webp&s=533ec0528af455a3b5eeeeb05a7866d1cf365efe + +# The Bill and Linda Gates Foundation + +Now... maybe you already know this, maybe you don't... but Non-Profit Foundations get significant tax breaks from the government... but they still need to report to the IRS through what's called a FORM 990. + +So I decided to look at The Bill and Linda Gates Foundations FORM 990. + +Specifically, their last filled one which was sent in 2020, for year 2019. + +So let's take a look-see... + +The Gates Foundation: + +**Received $3.3 BILLION in Contributions** (Makes sense so far) + +**Earned $826 million from Dividends and Interest from Securities** (Wait WHAT?) + +The Gates foundation is trading securities? + +Am I the only person who didn't know this? + +**Gross Sales of all assets of $260 BILLION** + +**Net Profit from Sales of Assets of $2 Billion** + +**Capital Gains Net Income $6 Billion** + +**Net Revenue $6.4 Billion** + +**Net Investment Income $7 Billion** + +And then what are their expense? + +THE BIGGEST ONE... + +**Total contributions paid: $5.8 Billion** + +Meaning... + +**Their NET INCOME was just $320 million** + +**But their NET INVESTMENT income is $6.9 BILLION?** + +So they take money in... invest it... pay it back out... but keep the investment profits? + +\+ They don't have to pay capital gains tax as it's a charitable foundation. + +\+ Total Tax Paid on their investment side was $25.6 Million of $7 Billion in Profits!! + +\+ That's a 0.3% tax rate! + +But this COULD be just speculating on high-level numbers right? + +NAH... + +\------------------------------------------------------------------------------------------------------------------ + +They actually break it down for us... + +* **Investments in Government Obligations: $8.9 BILLION** +* **Investment in Corporate Stocks: $33.5 BILLION** +* **Investment "Other" (WTF?): $5.8 Billion** + +**TOTAL ASSETS $50 BILLION** + +(That's more than Citadel has AUM) + +\------------------------------------------------------------------------------------------------------------------ + +And they ACTUALLY list this... + +**Net Value of NONCHARITABLE-USE ASSETS for 2019? $47.6 BILLION** + +So MOST of their assets are not actually for Charitable use??? + +Fuck me... + +\------------------------------------------------------------------------------------------------------------------ + +How much investment has gone into the Gates Foundation? + +* **Mr William H Gates? Management Fees $64 million** +* **Mr William H Gates? Securities $452 million** +* **Mr William H Gates? $55 Million** +* **Mr William H Gates and Melinda French Gates? $10.8 million** +* **Mr Warren Buffett? $2.7 BILLION** + +**Non-Cash Property Given**? Class B Berkshire Hathaway Shares valued at… **$2.7 BILLION** + +So really… Warren just put in $2.7 Billion of Shares as Assets on their books? I wonder why… ? + +\------------------------------------------------------------------------------------------------------------------ + +What **CONTROLLED ENTITIES** have they Contributed to? + +* **The Global Good Fund $100 Million** +* **GreenBriar Equity Fund $6 Million** + +(These are the only ones they are obliged to document) + +Contributions from **CONTROLLED ENTITIES**? + +* GreenBriar Equity Fund? $174 million + +Hang on… lol. Did they just report that they gave GreenBriar $6 million and GreenBriar gave them back $174 million? + +Nice returns.. lol + +Lol… I’m not wrinkled brained enough to know what that means really… but lol. + +\------------------------------------------------------------------------------------------------------------------ + +I've taken on board the feedback that my last BBC was a little depressing... SO + +Here's a puppy Break to cheer you up... + +&#x200B; + +https://preview.redd.it/z5hxsotuym571.png?width=680&format=png&auto=webp&s=89a0ee3bf65f351ac919e09439c4d39d57524f8c + +\------------------------------------------------------------------------------------------------------------------ + +They **EVEN LIST THE STOCKS** that they are invested in… + +(Gamestop is not one) + +But look who has got $11.3 Billion? Berkshire Hathaway + +(Remember Warren only invested $2.7 Billion) + +Disclaimer: I fucking love the shit outta Warren Buffett + +Other big numbers: + +* **$1.5 Billion in Canadian Natl Railway** +* **$1.6 Billion in Caterpillar** +* **$1.3 Billion in Walmart** +* **$2.2 Billion in Waste Management Inc** + +What do these stocks have in Common? They are NOT Berkshire Hathaway stocks… because that would be WAY to obvious. But LOOK like they are nice safe, solid, FUNDAMENTALLY sound positions. I’ll say no more. + +They list their Corporate Bonds too, but nothing stood out to me. Feel free to take a comb through + +\------------------------------------------------------------------------------------------------------------------ + +# INVESTMENTS OTHER + +This is an interesting little section in the Form 990. + +They actually break down their other investments, which if you remember was listed as a total of $5.8 billion. + +Some wrinkle brains should def go through this, as I have no clue what I am looking at, but here are a few points that stood out to me: + +* **Citadel is listed on there as a Bank Loan, but for only $1.5 million. Breadcrumbs...** +* **Bridgewater Pure Alpha Lead was given $87 million listed as a partner? Interesting…** +* **Canada Housing Trust was given $752 million as a Foreign Government Issue** +* **China Government Bond and Treasuring were given $750 million, listed as Foreign Government Issues** +* **100s of Millions went to different pools that I don’t understand** +* **700 million went into buying PHYSICAL Gold Bars -- WTF Bill? Lol** +* **$223 million went to GreenBriar as a partnership? (Remember GreenBriar were the ones that donated $174 million earlier)** +* **100 million went to GTI 8 Institutional Investors (Whoever they are)** +* **$805 Million went to Mexico CETES what ever that is?** + +I think you get the picture right? + +NOW…. + +&#x200B; + +\------------------------------------------------------------------------------------------------------------------ + +There are a couple of sections in this document that for some stupid reason are printed **SIDEWAYS**… + +(Maybe they want these to be more difficult to read?) + +But I did read one of them… + +This is **TITLED**: + +Net Gain or LOSS from Sale of Assets not on Line 10 + +* Ok, so first up wtf with this as a title? +* Is this additional revenue that they just don’t have to list at all? +* How it’s required is just listed as purchased or donated +* Date Acquired is just listed as **VARIOUS** +* Date Sold is just listed as **VARIOUS** + +But… remember that number I threw out right AT THE START OF THIS POST??? + +(Go on… check… I’ll wait - See if you can figure out which number I am referring to?) + +&#x200B; + +https://preview.redd.it/97r93dt30n571.png?width=450&format=png&auto=webp&s=1041de8497a9914909bcc23a24921c0f13c43358 + +I said… + +Listed as having **GROSS SALES OF GROSS SALES PRICE OF ALL ASSETS?** + +That number was **$260 BILLION**… + +Take that in for a second… + +The total AUM of Citadel is $35 Billion + +**$260 Billion is 7 times that size!!** + +(I did the math) + +Well that $260 BILLION is also listed on one of these SIDEWAYS PAGES that they don’t want us to read… under Net Gain from Sale of Assets Not on Line 10??? + +They even break this down for us! (On a SIDEWAYS PAGE of course) + +The big numbers… (The ones in the billions) are: + +* $11 Billion in Equities +* $87 Billion in Fixed Income (How is this amount a fixed income) +* $162 Billion in Cash Equivalents + +WHAT THE ACTUAL FUCK? + +AND THAT”S THE END OF THE REPORT! + +SOURCE: [https://apps.irs.gov/pub/epostcard/cor/911663695\_201912\_990PF\_2021021717709925.pdf](https://apps.irs.gov/pub/epostcard/cor/911663695_201912_990PF_2021021717709925.pdf) + +\------------------------------------------------------------------------------------------------------------------------- + +So it’s safe to say… that **JUST LIKE THE CHARTER SCHOOLS**, these foundations are all REALLY in the business of making money right? - Just MY OPINION of course… + +But let’s check if the pattern holds true… + +I tried looking up different foundations… and lot’s of the WELL KNOWN foundations, I couldn’t find ANY Form 990s on. + +(Sometimes these foundations are known by one name, but listed as a different name) + +But here’s the ones that I have and show a similar pattern: + +Example: **The Lynn & Stacy Schusterman Foundation** is **ACTUALLY** listed as Charles and Lynn Schusterman Family Foundation + +(Charles is the Father, who was an oil Tycoon) + +* Donations: $5.7 million +* Dividends and Interest: $34 million (They invest both directly in companies and through Stocks) +* Net Gain from Sale of Assets: $151 million +* Total Revenue $207 million +* Net Investment Income $197 million +* Total Assets: $2.2 BILLION + +Reference: [https://apps.irs.gov/pub/epostcard/cor/731312965\_201912\_990PF\_2021021317706329.pdf](https://apps.irs.gov/pub/epostcard/cor/731312965_201912_990PF_2021021317706329.pdf) + +\-- I**MPORTANTLY HERE**… this example lists their PAYEES. Alot of which are foundations themselves. + +Want MORE examples? + +Charles Koch - Koch Industries + +**The Charles Koch Foundation** (Christ, they all name them the same) + +* Donations: $128 Million +* Dividends $15 million +* Revenue $168 Million +* Investment Income $39 million +* “Other” Investments Balance $617 million +* Total Assets: $685 million +* What are the “Other” investment? +* Elliot International Fund $50 mil +* EFPRP (What ever the fuck this is) $535 million +* BAIH (What ever the fuck this is) $60 million + +Source: [https://apps.irs.gov/pub/epostcard/cor/480918408\_201812\_990PF\_2020012117047703.pdf](https://apps.irs.gov/pub/epostcard/cor/480918408_201812_990PF_2020012117047703.pdf) + +I’m not going to go through ALL of these foundations, because 1… they are hard to track down due to naming variations… 2… My Head hurts from reading this shit and being shocked. + +But I think it’s safe to say that it most CERTAINLY is possible that other foundations are doing similar right? + +So let me get this straight… + +\------------------------------------------------------------------------------------------------------------------------------- + +Rich People, Create Foundations to avoid tax, take in donations, Invest the donations, make profit from the investments, and then donate the incoming donations out to Charter Schools (Which Make them profit), Political Campaigns (Which Gain them influence) or other Foundations (Which likely do the same kind of shit)... and maybe help some people along the way too for some good PR? + +\----------------------------------------------------------------------------------------------------------------------------------- + +Is this the world we’re living in? + +Who else has a foundation? + +\----------------------------------------------------------------------------------------------------------------------------------- + +But first... PUPPY BREAK! + +Aww... look it that little cute smile on him! + +&#x200B; + +https://preview.redd.it/7rqeiuu72n571.png?width=1200&format=png&auto=webp&s=4621ba0224be8b3ecc6dd8737085f72668533612 + +\----------------------------------------------------------------------------------------------------------------------------------- + +**Kenneth C. Griffin Charitable Fund** \- Couldn’t find anything on this… (I Checked all variations I could think of) + +**The Citadel Foundation** \- There is money going through here, but not being invested + +Source: [https://apps.irs.gov/pub/epostcard/cor/364482467\_201812\_990PF\_2019032916200160.pdf](https://apps.irs.gov/pub/epostcard/cor/364482467_201812_990PF_2019032916200160.pdf) + +(Lots of Educational Donations though) + +**Michael “Milky” Milken**… you can bet he’s got some. + +**The Milken Family Foundation** $100 million in assets and you can bet he’s trading through here too… (Lots going through Apollo) + +[https://apps.irs.gov/pub/epostcard/cor/954073646\_201911\_990PF\_2021040817913329.pdf](https://apps.irs.gov/pub/epostcard/cor/954073646_201911_990PF_2021040817913329.pdf) + +But of Course… + +He’s got the **Milken Institute** aswell… + +$500 million in assets + +He’s trading Securities through it, with Gross sales of $37 million, and $230 million directly invested in securities, + +He donates through it (Lots of Educational), + +Source: [https://apps.irs.gov/pub/epostcard/cor/954240775\_201912\_990\_2021040217865675.pdf](https://apps.irs.gov/pub/epostcard/cor/954240775_201912_990_2021040217865675.pdf) + +The List Goes on Apes I’m Afraid… + +So I’ll be brief with these: + +* **George Soros** Has the Open Society Foundations +* **Charles Feeney** has a foundation +* Intels **Gordon Moore** has a foundation +* The **Broad Family** has a foundation +* Renaissance Hedge Fund Manager **Jim Simons** has 1 +* **Mark Zuckerberg** and **Priscilla Chan** have 1 +* **Michael & Susan Dell** have 1 +* **Leonard & Ronald Lauder** have 1 +* Oil and Banking **George Kaiser** has 1 +* Hedgie **Julian Robertson** (You remember him right?) has 1 + * (Yup… I checked, it follows the pattern) +* **Ted Turner** Founder of CNN has one called the United Nations Foundation - And he’s trading securities through it! + * (The UN can not raise funds itself) + +The list goes on Apes… + +\---------------------------------------------------------------------------------------------------------------------------- + +**AM I SAYING THAT ALL FOUNDATIONS DO THIS?** + +Most certainly not. + +**AM I SAYING THAT IT IS POSSIBLE THAT FOUNDATIONS ARE USED FOR PROFIT THROUGH INVESTING AND TRADING SECURITIES?** + +Most Certainly - In my opinion at least and from what I can see in these Form 990s + +&#x200B; + +\---------------------------------------------------------------------------------------------------------------------------- + +Well that's it for today Apes... + +I hope this doesn't slant your view of humanity! + +Remember, there are lots of beautiful things out there including this community and each one of you GLORIUS BASTARDS! + +&#x200B; + +**LET ME KNOW WHAT YOU THINK OF THIS SERIES AS IT REALLY HELPS KEEP ME MOTIVATED!** + +(Shameless PLUG: Follow me on Twtter for more GME fun: [https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) ) + +&#x200B; + +STAY TUNED FOR PART 6 + +(There's more) + +&#x200B; + +EDIT 1: Third puppy... by popular demand... + +Awww... look at the little fella... give me the paw... give me the paw... + +&#x200B; + +https://preview.redd.it/cz9g8k6y4n571.png?width=1080&format=png&auto=webp&s=da9e475f11fef8bf8c821081d735f34ddf47e255 +Am I the only one who feels that way? I remember 2008 being a time of real panic. The news and media was very gloomy, and uncertainty was driving real fear and terror. Bank runs were a real possibility and the dithering in Congress seemed like it might bring everything crashing down. The people in my life (family, friends, and acquaintances) seemed anxious and fearful about the future. I knew more than a few people who lost their asses in 2008. Many of them only partially recovered, and some never did. + +The covid crises is supposedly worse. All of the metrics we have so far seem to indicate that this is worse than 2008 by a longshot. But it just doesn't feel like it. The people in my life seem to be doing well. I don't sense the same fear and anxiety in news and media that I did in 2008. I don't feel overly worried about my long term financial situation. And I don't fear the economic future of the country. + +I feel fine and am very optimistic. But the data says that I should be very worried. But I'm just not. Things just don't feel that bad. It's really weird. +Usually money is one of those taboo topics that just doesn’t get brought up with friends/family, but I posed a question to my friends the other day: “If you could retire now, what would you do with your time? Would you volunteer, take on a venture you’re passionate about, take up a hobby, etc” + +My friends, who are all career professionals in their late 30’s -early 40’s, surprised me with their answers. Not a single one had plans to retire, not just today but any day. One said he had never thought about retirement or what that looks like, two said they didn’t think they’d be able to afford it and two said they couldn’t imagine “not working.” + +I get most of us here have a different view of working, but I’m shocked that of 5 people nearing the halfway mark of their career, not one is giving any long term thought about retirement. And while only two said they didn’t think they’d ever be able to afford it, the cynic in me wonders if the others haven’t thought about it or can’t imagine it because of financial feasibility as well (I just can’t imagine doing a 9-5 until I die). + +When I started hearing their responses, I didn’t pursue the discussion further as it was not my intention to make anyone feel bad or uncertain about their financial security but its left me curious (and concerned). Is it really that rare of a feat to be able to retire in the US? +He predicts a crash EVERY SINGLE YEAR, non-stop. Yet when covid came, a real blackswan, he somehow didn't realize the gravity of it on the market and didn't short and missed the opportunity. He's the typical example of being right once and think exact same thing gonna happen later. + +2015: https://www.usnews.com/news/articles/2015-12-30/michael-burry-housing-meltdowns-soothsayer-sees-terrific-stresses-in-the-economy + +2017: https://www.lombardiletter.com/michael-burry-stock-market-crash/10895/ + +2019: https://www.cnbc.com/2019/09/04/the-big-shorts-michael-burry-says-he-has-found-the-next-market-bubble.html + +2021: https://www.independent.co.uk/money/michael-burry-big-short-investor-economy-b1956722.html + +May 2022: https://markets.businessinsider.com/news/stocks/big-short-michael-burry-tweets-stock-market-bubble-crash-rallies-2022-5 +https://finance.yahoo.com/news/microsoft-bethesda-deal-plan-to-crush-sony-192035782.html + +To say that Microsoft’s latest acquisition is a coup for the gaming powerhouse is an understatement. It not only adds 8 new studios to the company’s empire, bringing the total to 23, but, more importantly, ensures that ZeniMax’s titles will appear on Microsoft’s Xbox Game Pass subscription service the same day they hit the market. Titles from third-party developers often don’t make it to Game Pass until months after their initial release. + +“With over 15 million subscribers currently on its Game Pass MSFT is doubling down on its consumer endeavors with this acquisition, a smart and strategic move in our opinion heading into its highly anticipated new console release,” Wedbush’s Dan Ives wrote in an analyst note following the announcement. + +It’s important to note that Microsoft lost to Sony in the current console generation. It sold fewer units of its Xbox One than Sony sold of its PlayStation 4, roughly 50 million to 110 million, despite the prior generation’s Xbox 360 and PlayStation 3 nearly matching each other in sales. + +Thanks for the awards. +If you are reading this, then congratulations: you are on the inside of something that is more real than some people want us to believe. Not only did you survive the FUD, but you've demonstrated that you have genuine diamond hands. + +Imagine that everyone around you has been saying you've made a dumb investment and that you're part of a stupid, dwindling movement with no perspective or plan -- at that moment Ryan Cohen comes in and buys another 100k shares. *For now.* + +Anyone that is still certain that RC, GameStop, Immutable X, Loop Ring, and all the other friends don't have a plan: it's time to rethink and go long. **No dates, but the window seems to be closing**. Now is the time to act - BUY, DRS, and HODL. Then do it again. It's time to be the change *you* want to see. + +I am holding onto my moon tickets, and as a matter of fact, I am buying another 25 once the market reopens. + +Not financial advice. I am retarded. +I’m 28 and a recent college graduate. I currently have $350 in my checking and $7,000 in savings and another $1,400 in an acorns account set on $15 2x a week/moderately aggressive. + +My credit score is currently 585. I have a total of $50,000 in debt. $35,000 from school debt and $15,000 from credit cards. The 4 cards have been open for 5 years. I helped my parents with groceries, bills, and medical expenses, but they are paying me back on the cards and it should be cleared within a year or two. No minimum payments have been missed. + +I’m in between jobs, but I was a bartender through college, but I’m searching for a clinical research coordinator position between my PhD. I expect to make ~$18-20/hour in between that time and work at least 40 hours a week. At my aspired career, I expect to make $90,000 a year. I save 30% of my checks and use the rest for rent/groceries/bills. + +My rent is $300 and my bills are ~$120. I rent a house with four others. I own a completely paid off car, but I need to buy a new rear end part + +My financial goals: own a house with a wife, have a comfortable savings for family, 700 credit score, have a strong investment account, travel at least once a year, and help my parents but not sink my finances. + +My parents did not use money efficiently and I want to break the cycle, but I also want to be generous, yet not to the point of sinking my own life. + +Advice on best moves to make with money for saving/assets/investing/spending now to achieve my goals? +In another thread about leveraging an expensive home, several posts marveled at the OP having $4mil in his IRA. I thought I'd post this because the mechanics are pretty basic. + +One of the benefits of being self-employed is the ability to fund a solo-401(k). All in you can defer $57,000 a year. Investing in something like PRGTX over the last 10 years would get you to $2.1mil. (+/- 23% average return). If you ran a business with a spouse and saved $57,000 x 2, you'd have $4.2mil. + +If you add contributions to a defined benefit pension plan, the numbers jump. + +And if you make investments through your IRA into private equity, like Mitt Romney, you might end up with a $100mil IRA like his + +[What's Really Going on With Mitt Romney's $102 Million IRA - The Atlantic](https://www.theatlantic.com/politics/archive/2012/09/whats-really-going-on-with-mitt-romneys-102-million-ira/261500/) +Just curious, I started around 1 month ago and still only loosing money was wondering if it is thr same with you + +Edit: im not complaining I was just curious if traders are usually profitable. Sorry. +Vanguard is confirming that the DTCC gave them instructions to do it as a forward split. What is interesting to me here is that GME has not responded, unless they feel they can’t for some legal reasons. I’m going to respond back with a link to the statement GameStop released on Friday. +From a Newsweek article, "The London-based consultancy forecasts that China's economic clout will not increase steadily relative to the U.S. through time, due in part to its workforce declining by more than 0.5 percent a year by 2030. Meanwhile, the U.S. workforce will expand over the next 30 years, supported by higher fertility than in China and immigration, it said." + +I'm still doubtful about this conclusion, but I'm not a trained economist. +So there's a lot of discussion on how one should go about making an equity portfolio but nothing (as per my knowledge) on how to go about making a debt portfolio. After the emergency funds have been set aside, + +1. How should one select debt funds between the various types available (GILT, Short term, Corporate, etc.)? + +2. How many funds are ideal in a debt portfolio? + +3. What should be the percentage allocation within these different types of funds within the debt portfolio? + +4. How often should one review the debt portfolio? + +I fall in the 30% tax bracket so I'll be staying invested in these funds for at least 3 years to take benefit of LTCG and indexation. + +Would appreciate any framework to optimise the debt portfolio as well. +Over the past few months I've realised how well growing up in poverty has prepared me for money getting tighter. Just thought I may share some tips to help you save some pennies as much as possible! + +- Cook more than you need and freeze/ have left overs for lunch. Boring diet is sometimes better for your wallet + +- Learn how to use herbs and spices, makes it easier to cook from nothing + +- You can get herbs and spices cheaper at a local zero waste store, or by buying in bulk + +- You can trim the ends of your own hair, it won't be great but it will do and will save you money + +- FOR THE LOVE OF GOD, DO NOT SHAVE YOUR DOG + +- For holidays you can get camping gear very cheap on Facebook market place. Pack up a bag and go for a night. You'll get away and feel refreshed + +- If you get a prescription monthly ask your doctor for three months worth in one go as your repeat. They will probably say no, but you may get two months worth per script + +- If you have the time get involved in volunteering, it's free and sometimes you'll get something out of it. I volunteer with a local youth group, I get a week camping each year, okay it's chaos but you don't spend a penny all week and you feel like you've done something good + +- If you have any specific dietary requirements try and replace foods instead of buying the dietary requirement friendly food. E.g. I can't have gluten, I now eat rice instead of pasta +I am starting a side account/ project to save some money over the next 15-20 years for my niece's college fund/ whatever she wants to use it on. I plan on throwing $10 per day into a few hand picked ETFs. Let me know what you think of these choices: + +&#x200B; + +$6/ day - VTI + +$2/ day - ARKK + +$1/ day - ARKG + +$1/ day - CNRG + +\+lump sum of around $100-$200 into each to get things started on these low prices! + +&#x200B; + +I am open to ideas/ recommendations, as I'm fairly new to long term investing and ETFs in general. I chose these as I wanted a balance of high growth and stability. Thanks in advance! + +So I’m relatively new to investing and a lot of people have been telling we to be wary of the ark funds and cathie, as people before who have been trying to beat the market have always failed. + +So my question is, have past actively managed funds like the ark funds straight up crashed, or did their growth just slow down to around the level of large index funds like VTI? +I keep reading contradicting info when I Google search so can someone please explain this to me. Bonus points for links to legit info. + +I’m going to rent out my property (first time landlord), and will need to utilize a property manager. At the end of the year they’ll provide a 1099 for taxes. + +When I search how renting your home can affect taxes I am not sure I am understanding it. For easy math let’s say 12k a year. I get taxed on all 12k or only the portion that exceeds what the mortgage, interest, insurance, HOA, etc.? +I was wondering what types of jobs/careers that a undergraduate economics major could obtain. What types of jobs can I expect with no experience; or what can obtain later with experience. also what fields are most common for most econ majors? + +Edit: I am based in the US and not near D.C. +# WBD + +&#x200B; + +Warner Bros Discovery is a media-entertainment giant that has hit rough times lately, debt is concerning and they have not been profitable as of their last earnings report, but the company has some interesting numbers as of lately that could show it being severely undervalued. ( All sources for the information on the DD will be provided at the end of the post). + +# Streaming and Box Office + +&#x200B; + +This year has been great for WBD in this area, movies like The Batman or Elvis have crushed the Box office and have posted great profits for WBD. In the case of Batman the budget was of 200 million and box office 770.8 million and in regards to Elvis budget was 85 million and box office gave 281.4 million. Special mentions to Fantastics beasts budget: 200 million box office: 405.2 million. + +In regards with the streaming services of HBO MAX and Discovery+, how will they manage to merge them successfully is still unknown but separately they have posted great numbers, they ended 2021 with 73.8 million users and as of their last earnings call that number has grown to 92.1 million subscribers after adjusting for 10 million AT&T mobility subscribers. This has been shown on their quarter over quarter sales of 220%. This growth is much faster than any of the other companies in the industry (NFLX: 8.60%, DIS: 23.3%, PARA: 18.5%. Source: Finviz). + +On the negative side WBD has had to scrap projects that didn't have good outlook like catwoman. This happened because they have to be picky when deciding what should go through because of their debt levels and protect their new DC movies that started successfully with Joker(2019) and The Batman (2022). + +# WBD Gaming + +&#x200B; + +WBD has had a great hit with its latest release Multi-Versus. The game has raked up over 20 million players as of August 22, this can represent a massive cash cow since it is a free to play game which might bring more and more people as it keeps getting popular. This can generate huge gains via merchandise and in game cosmetics. + +The gaming division is also scheduled to release Hogwarts legacy on the 10th of February of 2023, this shows a growing outlook and if the games are successful WBD might expand onto the growing market of gaming with some of their most knowledgeable franchises. This division of WBD has overall grown 4% in revenue against the previous quarter with the release of Lego Star Wars-Skywalker Saga. + +# WBD Networks + +&#x200B; + +This division for WBD has grown 1% on their last quarter, and advertising revenues 2%. This growth has been explained because of strong sports and audience ratings. This sector is expected to slow growing due to the rise of the internet and unless they manage to get those services in there in some profitable way this sector of WBD might have some trouble, Zaslav seems to have a plan for this according to some interviews . + +# Debt + +&#x200B; + +The largest issue for WBD is their debt, WBD has pushed the lever up to concerning points. Their debt to equity ratio is 1.02, this means that they have more debt than equity which is concerning, specially when going into a macro environment with higher interest rates which means WBD is not going to be able to refinance. The positive side is that when looking at their debt schedule is that their average maturity is 14 years which shows there is time to pay off debt and the interest they have to pay for this debt is mostly under 6% and for their larger bonds is less than 5%. + +Zaslav has urged how important it is to reduce their debt levels and they have managed to reduce some of this debt during the latest quarters. + +Ratios and comparison with competitors. + +When comparing with their main competitors WBD seems to be growing faster and their valuation is much more conservative than Disney or Netflix for example. WBD forward p/e is of 11.45 which is a good ratio, their P/B ratio is of 0.58 which means that if you take WBD and sell it by parts you are getting more than what you are getting by market cap. Their P/S ratio is better than any of their competitors with the exception of paramount and in regards of their price/free cashflow WBD\`s is much better than the rest of the giants of the industry. The company that seems to be comparably undervalued by ratios on the sector is Paramount($PARA) + +# What are insiders doing? + +Insiders have been consistently buying WBD which may hint at the company being undervalued, they have specially bought after the last dip after their earnings report. (Source: Open BB terminal, sub doesn't allow pictures) + +# Conclusion + +If WBD manages to get their debt under control, their streaming servicies continue to grow at the same pace and the WBD gaming section is a success I see this company going long past the target price of 24.74$ per share, specially because the management has added compensation if the stock goes to certain levels in the next few years. I already own WBD and have traded it a lot during the last few months, but at current prices I see it being a really good long term play for the next years + +Sources : + +Q2 earnings release : [https://s201.q4cdn.com/336605034/files/doc\_financials/2022/q2/WBD-2Q22-Earnings-Release-Final.pdf](https://s201.q4cdn.com/336605034/files/doc_financials/2022/q2/WBD-2Q22-Earnings-Release-Final.pdf) + +Q2 Earnings presentation : [https://s201.q4cdn.com/336605034/files/doc\_presentations/WBD-2Q22-Earnings-Presentation-Final.pdf](https://s201.q4cdn.com/336605034/files/doc_presentations/WBD-2Q22-Earnings-Presentation-Final.pdf) + +Debt Schedule: [https://s201.q4cdn.com/336605034/files/doc\_financials/2022/q2/WBD-Outstanding-Debt-as-of-June-30-2022.pdf](https://s201.q4cdn.com/336605034/files/doc_financials/2022/q2/WBD-Outstanding-Debt-as-of-June-30-2022.pdf) + +WBD Finviz: [https://finviz.com/quote.ashx?t=WBD&ty=c&ta=1&p=d](https://finviz.com/quote.ashx?t=WBD&ty=c&ta=1&p=d) + +PARA Finviz: [https://finviz.com/quote.ashx?t=PARA&ty=c&ta=1&p=d](https://finviz.com/quote.ashx?t=PARA&ty=c&ta=1&p=d) +https://ibb.co/ZfJgCvN [Image](https://ibb.co/ZfJgCvN) + +I use Groww app to trade. Started just today. I made about Rs.5.75 profit. But the app shows that it has reduced about fourteen rupees as stock margin. I don't understand it as from Google, my net profit is positive, then how could I loose money? + +Is it some kind of trick Groww uses to make money. I thought I could start making money with day trading. And now I'm just loosing hope and all feels like impossible. I'm trying my best to figure out things. Please help me with this. Thank you +Im 22 and currently in school for finance, ive been bored in quarantine and found these classes. Has anyone here taken them and/or recommend them? Im interested in taking several courses such as intro to trading, technical analysis, and day trading. + +Thanks +I just wondered if it makes sense to buy stocks with leverage and then hold for longer periods despite the overnight fees? I recently bought stocks (actually CFDs) with a 20x leverage, held them for a couple of weeks, got even a dividend payout in the process, and then sold them all off again turning a nice profit. Following Warren Buffet one should hold stocks for years but would that also work with leverage? +Hey All, + +I’m looking to get ahead of foreseeable problems facing my retired parents (68, 69) and sister with disabilities (since birth). They currently rent in an expensive area ($3k/mo) and spend beyond their means (always have). They ran out of money about a year ago and did not hesitate to ask me for financial assistance (this was before they claimed retirement/began withdrawing from pension). They have no assets and are relying on social security, disability, and my father's small pension. + +They currently withdraw social security/disability, which amount to roughly $2900 a month. They also withdraw $5k/mo from my father’s pension which has roughly $240k left. Obviously this is not sustainable and will most likely be depleted in 3-5 years. + +Here’s the thing: I know what needs to be done but it is so difficult to get through to them. I will try hard to get them to consider moving to a LCOL area, start budgeting and reducing their pension withdrawal rate. I am not looking for advice that they can use to better their situation, but advice for me personally for how to handle their future well-being. The reality is I need to make preparations for if they let their pension get depleted and only start receiving social security/disability. What would people here recommend me look into? I could purchase a home in a LCOL area and let them live rent free. Are there any options I could exploit given my sister with disabilities (Section 8)? + +Any advice would be helpful! Thank you. +In the past year I've gone from housewife to running a home by myself. I had no bank account or credit when I got divorced and started from scratch, literally ground up. No furniture, no car, no income. I wanted everything in my life to be completely mine. I've busted my ass to get where I am in a year and a half. I work 4 jobs, go to school, and have my kids all but 5 days out of the month. I moved us out of the ghetto into a beautiful rental home with a yard. My credit score is 250 points higher than it was. I have money in the bank and my bills are paid. These things are completely foreign to me because it was not stable being married. + +I have saved close to 10K and am getting another 15K for my inheritance. I need a car because mine is falling apart. It was $500 and has done its job beautifully until now. I would like to pay cash and not have a payment. I've thought about CDs and saving but I have no idea how best to use this money to continue on this journey I'm on. Land? Rent to own home? + +I never want to stress like I did ever again and am very driven to not let that happen. I don't really know how to word this to convey my point but what would you do if you were starting out and had 25K? How can I best put this to use? Thank you for any help. I appreciate it more than you know! +As the user base of the subreddit grows the level of discourse has (anecdotally, from my personal observations) dropped in quality. + +Generally, I'm seeing + +* Constant repetition of 'pop' finance topics, e.g. bemoaning the state of the property market, bubble discussions, etc. +* Finance 101: how to get started in ETF investing, which broker to use, which ETFs to buy, etc. +* Bad financial advice or analysis armchair economists. + +Without more active moderation the future of this sub is in jeopardy. What will most likely happen is as more of the 'general population' seeps in, there is a larger audience who will upvote populist content, causing a death spiral of lower quality content getting upvoted, and thus attracting more people who that resonates with, and drive away those more clued in. + +This is happening already I would say, and perhaps it's even too late for this sub. +I will go first. Trusting my contractor when he said his guys could do the more complicated tile work in the primary bathroom, instead of subbing to a tile specialist. Let me learn from your experiences so I don't do more of that kind of dumb stuff in the future. +Hi all, + +I recently sold a part of my company that I’ve been running for many years and got a large sum of money (around 4 M USD). After a few months of research, I am starting to get an overview of an investment portfolio. It’s been quite difficult, as I’ve had no previous experience with investing, and everyone seems to only promote what they think is the way to go (banker wants me to invest in their funds, crypto friends say 100 % crypto, fire people say “index ETFs and chill” etc.). + +As I will keep working on my business, which is not at all related to investing, I want my investments to be fairly hands off. Additionally, I am a quite conservative investor. I do not want to risk losing my capital over long term. I have calculated that withdrawing 1.5 - 2 % per year from the portfolio would be enough to cover my living expenses. + +Would love to hear your thoughts on my portfolio, as this is the best sub I’ve found so far. I am planning to DCA over next 3 years or so. + +Cash: 7.5 % (5 years expenses on HY savings account) + +Equities: 40-50 % (All world ETF iShares/Vanguard) + +Bonds: 15-20 % (Haven’t decided exactly which ones yet, probably a split between Inflation Linked bonds and Long term Bonds) + +Gold: 5 % (Physical and via ETF) + +Crypto: 2 % (BTC and ETH) + +Own new projects: 3 % + +The last 20-30 % of the portfolio I am not sure about yet. I am leaning towards Real Estate as I want more diversification in the portfolio, but on the other hand I’m a bit resistant as I’m not looking forward to be a landlord, yields are super low in my city (like 3-4 % gross), and RE prices have increased with 50 % in past years. + +Thanks in advance! +Bit of an odd question maybe but I've been curious. I have a few ETFs, one example being the iShares S&P 500 Financials (£UIFS), which are UK-listed and £-denominated but obviously seek to track exclusively the US market, in this case the S&P 500. + +How are these funds priced on the UK market between 8am-2:30pm given that the US market is closed at that time? Bearing in mind they are ETFs and not investment trusts like SMT whose price reflects supply/demand? + +I did Google this but didn't find anything helpful! + +Edit: Probably should have said priced\* rather than valued! + +Cheers! +&#x200B; + +https://preview.redd.it/ygqnz9bqyli71.jpg?width=700&format=pjpg&auto=webp&s=9d4e79e9eb8e295671ce966b2584333e71029fd1 + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/7cj0u1nuyli71.png?width=1800&format=png&auto=webp&s=72e6a65b1d019a86a2d63edfcd29515d78fbb44b + +Slater & Gordon is a law firm founded in Melbourne, VIC in 1935. It today stands as one of the largest Australian consumer law firms, with 63 offices around the country. They specialize in personal injury, insurance, commercial, employment, and class action litigation. They are perhaps best known for their “No Win – No Fee” approach, which makes them easy to access by people at all levels. + +In 2007 they listed on the ASX and were one of the first law firms in the world to go public. Since listing, they grew quickly, aggressively acquiring smaller independent firms all over the country. In 2012, their sights expanded to outside the country, launching acquisitions in the UK for a number of years. + +These days, the 53% controlling interest of Slater is a holding company in Ireland, who are themselves owned by Anchorage Capital Group, a New York based investment firm. + +# The Checklist + +* Net Profit: negative 4 of last 10 years (4 of last 5 in fact). Bad ❌ +* Outstanding Shares: lmao. Bad ❌ +* Revenue, Profit, & Equity: dramatic drop L5Y. Bad ❌ +* Insider Ownership: 0% director interest w/ no buying LY. Bad ❌ +* Debt / Equity: 67% w/ Current Ratio of 2.5x. Good ✅ +* ROE: 1.7% Avg L10Y w/ -(1.0)% FY20. Bad ❌ +* Dividend: No dividends paid since FY15. Bad ❌ +* BPS $1.20 (0.6x P/B) w/ NTA $1.20 (0.6x P/NTA). Good ✅ +* 10Y Avg: SPS $2.62 (0.3x P/S), EPS -(2.0)cents (#N/A P/E). Bad ❌ +* Growth: -(26.5)% Avg Revenue Growth L5Y w/ +3.4% FY20. Bad ❌ + +**Fair Value: $1.25\*** + +**Target Buy: #N/A** + +^(\*Fair value is based off of the historical 10 year averages. However, I must note that this is not an indication of their current or future valuation by any measure. Furthermore, the average EPS over the same period is negative, so no target buy can be estimated.) + +# The Knife + +[marketindex.com.au](https://preview.redd.it/v9p2oj0nzli71.png?width=943&format=png&auto=webp&s=1038e1124403bd72fd9fd46e47157e5cc7acb860) + +I think the SGH chart is about as near as you can get to a stock flatlining. SGH was a stock that rose to such heights as to be included the exclusive ASX 100 list, considered to be amongst the 100 largest public companies in Australia. Now, SGH is not even included in the All Ordinaries. It is not even ranked within the first 1000 public companies by market cap. + +These days it’s not unusual for open market days to come and go without any trades taking place. Recently the CFO was announced to be resigning; this is just prior to the annual report coming out. Surely a movement would take place as the market reacts? Nope. + +Because of a 1:100 reverse stock split in 2017, the numbers on the chart above don’t lie. The current price as of close of Friday (20th Aug 2021) of 70cents, would in fact be 7cents had the split not occurred. This means that baghodlers who purchased at SGH’s all time high of $7.15 in April of 2015 would be down **\*\*\* 99.9% \*\*\*** on their investment today. + +# The Diagnosis + +The Short Answer: They got stung with a bad acquisition. + +&#x200B; + +https://preview.redd.it/fi7kxvvq5mi71.png?width=1000&format=png&auto=webp&s=dd34c0af4c66c547a8b10ed843ad03c5f1ee63f3 + +The Long Answer: Shortly after acquiring the professional services division of Quindell in the UK, media reports surfaced regarding investigations into how Quindell had represented their figures for the previous two years. SGH’s management in 2015 made a horrendous mistake when they acquired the division. It seemed that they had not done their due diligence properly on what ended up being a lemon of an investment—a billion-dollar lemon at that. + +Perhaps more importantly, when the writing was on the wall as red flags started to pop up and sirens were blaring everywhere, SGH’s management doubled down on their decision claiming they had done all their due diligence properly, there were no issues at all, and the figures were fine. + +&#x200B; + +https://preview.redd.it/4adj7wic0mi71.png?width=1000&format=png&auto=webp&s=d96537e68516827fa7dd136d49d7fec38ff0fa16 + +Except they weren’t; it was an issue—a very big issue. To add salt to the wound for investors, SGH had conducted a massive capital raise in order to fund the acquisition. To put this in some perspective, SGH’s market cap was roughly $2b when they decided to acquire Quindell for $1.2b. Just a year prior, SGH’s market cap had only just hit $1b. So for some, their valuation had outrun their fundamentals at that point already. Either way, this was an enormous acquisition for them. + +How could SGH have gotten it so wrong? Surely a bunch of smart lawyers couldn't have gotten it so wrong? + +There is an interesting phenomenon that educated professionals in other disciplines tend to be bad investors. Perhaps their advanced degrees lend them to be overconfident in their own abilities. As Benjamin Graham wrote, “The investor’s chief problem—even his worst enemy—is likely to be himself." It’s the peculiar problem in investing that sometimes a little bit of effort and knowledge is worse than none at all. Trying to get fancy with investment decisions can be fraught with risk, when simply putting one’s money into an ETF would have borne out better in the long run. + +Whatever the case may be, I would venture a guess that the dozens of lawyers at SGH at the time, whom had poured over the figures for Quindell and decided to go ahead with the acquisition, might be living example of what Graham was talking about. Maybe they should have just bought some VDHG with that $1.2b instead. 😺 + +# The Outlook + +SGH launched lawsuits since the deal to try to recoup some of the money that they lost, but... + +&#x200B; + +https://preview.redd.it/gw4wovy91mi71.png?width=1400&format=png&auto=webp&s=e450cc78df3389aeda50656ea74198b38eff56d7 + +After years of litigation, a judgement was achieved finally in 2019 pertaining to the allegations against Quindell (who had renamed themselves Watchstone at that point). SGH won only a symbolic victory. Their A$1.2b blunder that turned into a £637m lawsuit claim was reduced to a A$40m settlement, of which SGH expected to receive no money in payment. If anything, the courts more or less reaffirmed that SGH should have done their research a tad better. + +&#x200B; + +[The cases are real, the people are real, and the rulings are final!](https://preview.redd.it/863ypoif1mi71.png?width=800&format=png&auto=webp&s=ceb05d229e8e68aca5408acb31fa2b080614b765) + +Though, that’s was small comfort to the shareholders holding the bag on this one. Indeed, the fallout from SGH's mistake wasn’t the end of their woes. Shareholders had launched their own class action suit... against them. Ironically enough, the shareholders employed the services of Slater’s main competitor, Maurice Blackburn. That class-action is due to go to court in November of this year. SGH might be on the hook for even more money they don’t have. 😸 + +# The Verdict + +Just a mistake, it’s still good, it’s still good!? The underlying business is solid, right? Well… I have bad news… + +&#x200B; + +https://preview.redd.it/ghnnszk02mi71.png?width=1070&format=png&auto=webp&s=f2cc8cb2066539e8781716a4c62ee69e0b1f12a0 + +Looking at the 10-year historical figures, it’s hard to really know where to start. For one, the business seems to have utterly fallen apart since the 2015 fiasco. SGH did post impressive top line revenue in FY16, but it was marred by heavy net losses. Those losses continued until a brief respite in FY19 before posting another loss in FY20. + +They did show profitability in their 1H21 report, so perhaps there are some signs of a turnaround. But there’s a bit more to this stonk than simple revenue and profit figures… + +When the value of the Quindell acquisition was rerated, it dropped SGH’s equity by over 80% almost overnight. Problem was, more than what was left was actually just intangible assets, which eventually got stripped off the books. This left SGH with their equity almost $250m in the red in FY17. + +That instigated SGH’s lenders to force them into a recapitalization. This ended up being a 1:100 reverse stock split which dropped their current shares from 347.2m to 3.5million shares. Then in conjunction with that, a massively dilutive recapitalization which involved issuing another 66m odd shares. These were given directly to SGH’s lenders. At the end of the day, the entire shareholder registry previous to the changes were left with only a 5% stake of the company. + +On top of all this, SGH had to come back to the bleeding shareholders and lenders to run another massive capital raise in FY20, which doubled the share count again. Doing the math all the way back prior to the initial $1b raise to acquire the Quindell services division, the original 200m shares in FY14 account for about 1% of the current outstanding shares. + +&#x200B; + +https://preview.redd.it/5j3dg86a2mi71.png?width=1000&format=png&auto=webp&s=afd91b8b2f66e2ec35a028ff4f8ca1e2e7f7049b + +Capital raises seemed to be in vogue for the company throughout their history, with multiple raises done before and after the 2015 disaster. It would seem that SGH don’t have the best track record for making decisions for the benefit of their shareholders. Furthermore, they appear to be hopeless with investment decisions. Perhaps it’s no surprise then that it appears that none of the current directors own any shares directly. That's one investment decision maybe they got right. + +Even if their revenue and profit levels had not dived and the business was hypothetically pumpin’, I’d be inclined to give a wide berth to this stonk in virtue of their history on share quantity movements alone. As it is, this stonk is a dog from just about every angle anyway. The only people who seem to have come off better during the whole saga is the lawyers who've had a field day in court “cleaning up” the mess. + +# The Target + +I think I can say without question that there is no objective basis to establish any consistent fair price or target price at this stage. SGH would need to demonstrate 2-3 years of responsible capital management, with no further significant changes in the share count for me to have any confidence in putting a number on their value. + +I would also go as far to say that I’d personally need to see directors buy shares in a significant way to solidify the impression that they have changed their ways and have skin in the game now too. And with the last capital raise having occurred at the end of 2019, and directors holding onto none themselves, those things don’t seem likely to happen anytime soon. + +The only positive one might draw is that SGH's current share price is well below their net tangible book value. Perhaps someone with a lot of risk tolerance would want to take a punt? However, if there were another dilutive capital raise or a massive net profit loss in future, it would bite into that equity. The $1.20 on paper book value right now is worthless as a bearing for any future investor. The market might have it right, with the current share price floating just a bit over half of that value. + +# The TL;DR + +Slater and Gordon are one of the largest Australian consumer law firms. Listed in 2007 on the ASX, they were also one of the first firms in the world to go public. After a meteoric rise, fuelled by aggressive acquisitions, they met their match when they bought a $1.2b lemon of a company in the UK. + +The management of the time doubling and tripling down on their decision-making didn’t help matters; shareholders lost confidence. Fundamentally, the company from an investment perspective was destroyed. A massive capital raise had been required to fund the acquisition, and once the dust settled, Slater was trading with negative equity and forced into a recapitalization. + +The sorted history on this company says enough that one would have to probably be a bit insane to invest in them now. The total shareholder registry prior to the UK acquisition now represents only about 1% of the current shares. And the pain might not be over, as the previous shareholders are due to go to court in Nov in a class action against Slater for their mismanagement. + +This may be the worst former ASX200 company still on the exchange today, in terms of overall investment performance. + +*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 SGH and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*On Deck Next Fortnight: SXL* + +*Currently on the Watchlist (no particular order): DCG, CGF, URW, IPL, Z1P, SXL, RFG, DCG, AZJ, FLT, QAN.* + +[Previous Editions of Catching the Knife](https://www.reddit.com/user/Nevelo/comments/sfc7gi/catching_the_knife_series/) +These days the popular go-to advice is "Just buy VOO." So what was the equivalent of that in the 1990's and 2000's respectively? What was the thing most educated investors recommended to people in general as the safest most reliable and yet also most potentially beneficial investment the way they refer to VOO today? + +Did those things turn out to be the obvious no-brainer outcomes that everyone assumed they would be? +Now, I’m as smooth as apes come, I don’t have any fundamental reason as to why he is, imo, trying so hard to draw attention to himself. + +It is my belief that this POS is trying to retain apes on some kind of witch hunt with him being a target and while I appreciate one or two posts about what this joke of analyst said on an interview, his recent screenshots blatantly saying “hate the GameStop” is what gave it away. This guy’s a mere distraction, and he’s been saying this $10 price bullsh*t since February. + +Let us not be distracted by such a shameful tactic. He and Coke-Addict Cramer can go f*ck themselves. Moving on! + +TLDR Hedgies r fuk, fuk MSM, buy & hold. +[Source.](https://www.livemint.com/politics/policy/india-will-waive-charges-on-interest-during-moratorium-report-11601702753729.html) As the title suggests, it is at proposal stage. What does the community think about this move? Report says that government will bear the interest cost. Can it still affect banking sector's earnings? +Edit: Clarifying. Lot of folks here are thinking that govt has proposed to waive off entire interest accumulated during the moratorium. Not true. As mentioned in post title, only the interest on interest accumulated during that period is proposed to be waived off. +We bought a house in 2020, plan was to stay, expand and rent out rooms. Bue to crazy neighbor we want to leave. + +Options: + +1. sell and buy, won't make sense. Our rate is 2.65, current rate is 6.5. + +2. rent it out and rent another place. Rent won't cover mortgage after rental income tax. Would hinder saving for 2nd down. + +3. spend 100k to expand 2 more bedroom, so rent would cover rental income tax and mortgage. Would spend money save for 2nd down. + +4. sit and wait for rent to go up 1.5k, won't be able to escape this area. It'll cover mortgage + rental income tax. + +5. sit and wait til we saved enough for 2nd down. Probably 2 more years, and rent it out then. Rent might still not cover mortgage + income tax. + +-------- +-------- +-------- + +Our neighbors: + + +Neighbor on one side: + +During quarantine, our neighbor's mentally ill son moved back home with the parents. He has since burned our cars, garage and 32 other cars in our neighborhood. + +Police know it's him but since all the evidence in all the cases are circumstantial, they can't arrest him. He continues to key vehicles on our street, it's hard to prove on camera. + +He also was involved in a hit and run, police came and got his insurance but didn't arrest him. + +His toilet must have broke, he's been bagging his feces and tossing them on our other neighbor's roof. Which stopped after I saw a new toilet box in their trash pile. + + +Neighbor on the other side: + +It was a nice family living there, until they were forced to move when the old landlord wanted to sell. + +The new owner converted the single home to a triplex, illegally, unpermitted. Now there's all sorts of people coming through. + +-------- +-------- +-------- + +EDIT: +I have since installed cameras and fence between our front yards to prevent him from cutting through our driveway. And also told A few neighbors to install cameras. + +This is a low crime area, schools here are rated 9/10. That's why most houses and apartments here have no cameras. And he's only burned cars at location with no cameras. + +He just happened to live next to the first case, he just happened to be driving away from the scene in a couple cases. He was just happened to be on the scene in the last case. They detained him cause they recognized it's the same car from previous cases. That's how the fire spree stopped. I don't understand how this is not evident enough to arrest someone either. + +For those who says something big is missing: +I would like to know what that is too. How is he not arrested. + +-------- +-------- +-------- + +UPDATE: +I'll contact city counsel members, I doubt they would do much tho, probably just tell me what I want to hear to get reelected. + +I'll check with some lawyers and ask if there is anything we can do that doesn't put us at risk. I should've hired a PI right after it happened, so they can catch him in the act for other cases. But we weren't certain if it was him until he got detained at the last case. Not sure what they can do now, since the arsonist is pretty much a hermit. I'll talk to one and see. + +PI and lawyers are expensive, not sure if we want to keep spending on this problem if we might just gtfo. + +I'll check with CPA on rental income tax, I haven't looked into that yet. I was doing basic income tax. Liability is a good point tho, I'm not sure if I want to deal with that if tenants run into the same problem. + +One of my other neighbor had threatened to report the triplex guy to the city before. I'll check with them and see. +So I don’t make a lot, only 20,000 rs atm but I am working hard to improve that. Currently looking at investing a meagre 5000 a month into maybe MF. + +Met an advisor the other day who said don’t look at the net gain or loss when into MF but try to focus as much as possible on the number of units and try to buy as many units as possible. So currently that is the only thing I am looking at. + +Any advice from you guys? It would mean a lot. Which is the best app? Best policy? Any other investment opportunities. Any other advice please let me know. +Yesterday, I was doing some good old arbitrage trading between Solana and Ethereum, and I managed to get my hands on 80,000 ETH for a really low price - so low, in fact, that you wouldn't believe me if I told you how I pulled off this deal. + +Now I don't know what to do with all this ETH. It's worth approximately 250 millions USD, which is not bad, if you ask me. Should I stake it all and get the 4% rewards? This way I would get passive income, something like 10 millions USD/year, which is theoritically enough for my family to live a comfortable life. + +Also, by staking, I would be contributing to the security of the blockchain, which is a big plus for me - I wanna do my part! + +But is this the best course of action for me? + +I also thought about getting into liquidity pools, **but I am afraid of smart contract risks**. What if I put all my ETH into a LP on Solana, and then some asshole comes and drain the contract? I worked very hard for this ETH, that would suck. And there's also the risk of impermanent loss - what if my ETH on Solana decoupled from the ETH on mainnet? + +Anyway, thanks everyone, and I look forward to read your ideas. +Hi all, I'm trying to set up my first ETF portfolio, I'm thinking something like this: + +\- Vanguard S&P 500 UCITS ETF USD (15%) + +\- Vanguard FTSE 100 UCITS ETF GBP (15%) + +\- Vanguard FTSE All-World UCITS ETF (15%) + +\- iShares Core MSCI EM IMI UCITS USD (15%) + +\- Vanguard USD Corporate Bond UCITS ETF (10%) + +\- iShares Index-Linked Gilts UCITS ETF GBP (10%) + +\- iShares European Property Yield UCITS ETF (5%) + +\- iShares Developed Markets Property Yield UCITS ETF USD (5%) + +\- iShares Global Water UCITS ETF USD (5%) + +\- iShares Global Clean Energy UCITS ETF USD (5%) + +&#x200B; + +Horizon: Long term + +Risk level: Averse - Neutral + +&#x200B; + +Any thoughts/advice appreciated. + +Thanks! +...unless the gift recipients are actively inquisitive about crypto and responsible enough to manage private keys. + +I have given countless friends and family members bitcoin in tiny increments in the last year and a half. Only to have them call me in late 2017 and say "Look at that price! How do I get my bitcoin back if I have lost my private key and seed?" Now, that lost gift has turned into a source of resentment for the recipient. + +Next time, I will simply give the yet-unenlightened fiat and hodl the BTC instead. I have learned that if they don't care enough to be responsible for their private keys, they will lose the bitcoin and indirectly blame you. To the lunar surface, ladies and gentlemen! +Hey mangs, + +Last week in the daily we had a good little talk about the letter I had written to my wife that details certain emergency money measures. The talk was so good, I decided to spin up a post on it. This is that post. + +The letter covers three contingencies that I think could happen where I wouldnt be able to manage our money. + +* Short term (like I am on a business trip) + +* Long term (like I am in a coma or brain damaged) + +* Dead (this is permanent) + +I sent a copy to here gmail where she will keep it forever and be able to find it by searching for "emergency money" and I also have a card copy in this little [fireproof box](https://www.amazon.com/gp/product/B004IPR22C/) we bought on Amazon a couple years back. Here is the letter (names changed and screenshots removed) + +>**Short Term:** + +>1. Use the normal credit card to buy stuff as needed. + +>2. Make sure all bills are paid. Everything is basically automatic and pays from our credit card or Ally . We should have enough at Ally to last at least 4-6 months + +>3. Pay our rent. + +>**Long Term or Bad situation:** + +>Note: Our emergency funds should last at least three years (probably more!) under normal-world circumstances. You can ask my dad for advice. After my dad, I would recommend Matt, Mike, and then Brad for advice. + +>1. Immediately sign up for two (or more) of the 0% credit cards like you have done before. Call and get the best credit limit you can. Use those for as many purchases as you can to conserve cash. + +>2. Follow short term steps 2 and 3 above. + +>3. If/when Ally savings is exhausted, sell our stocks and bonds in our shared Vangaurd account which is called "OracleDBA's super time awesome brokerage" + +> 3a. Log on to Vanguard with your username/password. + +> 3b. Sell only what you need to satisfy cash needs. + +> 3c. The order in which you sell is important. Sell whatever has the highest long-term capital gain first. + +> 3c-1 once logged in go to cost basis-in the brokerage account + +> 3c-2 in the cost basis screen, click show details to expand all the holdings and then sell whichever holding has the highest LONG-TERM capital gain. This should correspond to the lowest cost per share for that holding. + +> 3d. On the sell screen, you can have the proceeds of the sale sent to our Ally checking or savings. + +> 3e. Vanguard is really nice and you can call them if you need help with these instructions. Also, the forum bogleheads.org is really nice if you need to ask questions about the right way to sell. + +>4. If things are really bad or really long term, take time and hire a fee-only financial advisor. + +>5. Don't forget my long term disability which kicks in after 180 days! That shit pays out $4100/month until I am 65. If you have to claim my disability insurance, hire a lawyer who knows how to do that. Also talk to the lawyer about social security disability. + +>**OracleDBA's dead:** + +>1. Follow the short term steps 1-3 and also probably get some 0% cards until everything is figured out. + +>2. Hire a lawyer and "fee-only" financial advisor. Get advice from my Dad, Matt, Mike, and/or Brad. + +>3. In the black fire-proof box is a list of all the institutions in which I/we have money and insurance. + +>4. Our wills are in gmail and the notarized one is on our safe deposit box. + +>5. Congrats! you are a millionaire! P.S. go get a bunch of therapy and shit. + +That's the letter! She found it very simple and reasonable. I have many further things to share regarding this. + +First, some of you may question why I instructed her to sell to lock in gains. I did this because explaining when it might be appropriate to tax-loss harvest would be cumbersome. Plus, given our holdings and tax situation, it makes sense. If it ever doesn't make sense, I will update the instructions. + +Second, I do go to great lengths to share all and any financial details with my wife. Her background is completely different than mine and she has very little interest in finances. She delegates financial stuff to me. You may have a different relationship/understanding with your spouse and that is awesome. + +Third, I have a bunch of insurance (life insurance through my job) and a private (really good) long-term disability policy that I mention in this letter. That might be a **really good idea for you** and you should think long and hard about what would happen if you die or become disabled. + +Lastly, I wrote this in accordance with my circumstances and beliefs. Yours might be totally different! My reason for posting this whole fucking thing was maybe to help you mangs thing about how your bankroll might be handled if certain crazy things in your life might happen. It is worth thinking about and preparing for. + +Edit: + +**Bonus Points:** A few things have come up in this thread that are important. + +You should probably have a will and advance directive. Go see a lawyer. + +You should probably have disability insurance and maybe life insurance. + +You should for sure list a beneficiary or Transfer On Death in all of your financial accounts. + + +21 years old just starting to do my research on stocks etc I wanna start to diversify my portfolio and invest into ETFs any Tipps on good Safe investments? +I told my Dad my plan to save $114,000 by the time I finish college to move into a multifamily in order to househack (and make a little extra on the side if I can). + +All he does is talk about Tenants never paying and destroying my property and losing $50k and blah blah blah. + +Is investing really like this? Most of the time, not paying or bad tenants seem like an unpleasant rarity. A rarity, not a common occurrance. + +He told me I'd never make money and I'd drown in debt if I tried. + +How likely is a scenario that on Property #1, one of my first tenants drown me into bankruptcy? + +Perspective: My dad researched Real Estate and concluded Tenants are too difficult to deal with and he'd lose assets. He refuses to buy any properties. + +He has no experience in Real Estate. + +As for how I make the money, I have 5 years of college to do, so I only need to make $19,000 after taxes and I'll invest everything into Index Funds. Using the average rate of return of 9% and investing 85% of my paycheck every two weeks, I'll make $114,000 or so. Sadly, bank account pulling 0.5% interest is absolutely garbage. I plan to work an average of 30hrs/week with $15 minimum wage for 48wks a year. I'll make on average $21,600 a year before taxes. +If you're an OG ape, you clearly have seen and read all the DDs signalling that a market crash is coming. Several experts such as Dr. Michael J. Burry, Warren Buffet, Ray Dalio and Jeremy Grantham warned us of an inflated market and that the bubble might pop sooner than later. + +Such experts look at different indicators to have a clear vision of how healthy our markets really are. + +Those indicators can be : + +* **Brisk debt / GDP** +* **M2 money supply** +* **PMI Stage V Recovery** + +Here is what the **M2 money supply** chart looks like : + +[M2 steadily increasing since Covid-19](https://preview.redd.it/2tvrtkbfkzi71.jpg?width=780&format=pjpg&auto=webp&s=659941510f3d53a545b486f58d1fb1f3ab53eff8) + +Smaller investors may look at different indicators such as : + +* A *lot* of stimulus checks being given by the government +* Oreos releasing a cookie with more stuffing + +Here is the latest Oreo with more stuffing, re-released in 2021 by popular demand (🌈🐻 much?) : + +[Now this is stuf racing](https://preview.redd.it/iapq6kxllzi71.jpg?width=2400&format=pjpg&auto=webp&s=bb4bfefe4b28bf2ed87e9c9395045ff3182c9b81) + +Ape investors like myself use an indicator that is not widely spread. I can't think of a better indicator to signal that a market crash is imminent. It is a pleasure to share it with the shrewdness. 🦍 + +I present to you...\*drum roll\*... + +**Soybean Oil Futures!** + +The gigantic crash of '08 could have been predicted with this indicator. People weren't able to look at the right place. + +Soybean oil futures chart : + +[Do you smell something funky?](https://preview.redd.it/pjwzqsyimzi71.jpg?width=2373&format=pjpg&auto=webp&s=5ffce7ab30dc3ce9d311bfaa7b667229646f9f18) + +So the price of these futures spiked up from 2007 to 2008 before rapidly crashing down to '04 levels. Since the second half of 2020 up to today, futures have mooned again to '08 levels. + +**MARKET CRASH IS COMING. LOOK AT THE SOYBEAN OIL FUTURES!** + +**Market crash = MOASS** + +Thanks for reading! + +See you all on Moonday 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\*\*\*Edit\*\*\* + +I did not see his post, but u/Smokypro7 found the indicator first and posted about it. Credit given where credit is due. Go give him some love! +Hello, I am a 24 year old blessed enough to have 20k in savings passed down from my family. I was wondering what is the best bet to be prepared for a recession is there anything I could buy that would hold its value? I'm sorry if this question sounds vague or has been asked prior but I'm starting to get scared over here in California, because we are having record breaking gas prices and cost of food+living. Plus I've been following the news and see a lot of talk about inflation and a possible recession. Thanks in advance for any help you can give me. + +Thank you all for you're clever responses and words. +#MY RADAR IS GOING OFF BIG TIME + +Something is suuuuper sus: + +1. OCC - first of the clearing agencies to be mentioned. Interesting. +* **Options blew up**: went from daily max 172k contracts/$42m value, to **2m contracts/$8bn value** - [p.40](https://i.redd.it/uy215c4pzcu71.png) + * **HOLY FUCK THAT'S A 190x $ VALUE INCREASE. ONE-HUNDRED NINETY TIMES THE DAILY $ HIGH SCORE** +* Retail joined in the dogpile: went from $58m daily volume => **$2.4bn** - [p.29](https://i.redd.it/7cbuhc5s1du71.png) + * **MOTHER OF GOD THAT'S A 41x INCREASE. FORTY-ONE TIMES THE PREVIOUS RETAIL $ HIGH SCORE** +* Robinhood: aside from increased margin deposit, ***RH's first action was to restrict options*** - [p.34](https://i.redd.it/0zt6f75dycu71.png) +* Citadel: I believe Citadel provides 100% of RH's options (can someone source this please?) + * *If confirmed, this implies RH cut off options because* ***Citadel could not handle the retail option volume & exposure*** + * The report also [heavily implies](https://www.reddit.com/r/Superstonk/comments/qb5cqc/holy_shit_3_citadel_was_falling_apart_during_the/) that Citadel was falling apart during the sneeze, which is also in line with RH's testimony that Citadel was a shitshow +* The report mentions that options order flow can't be executed off exchange, needs to be on lit exchanges - [p.11](https://i.redd.it/znh118c8ggu71.png) + * This whole paragraph stands out to me. Is the implication that Citadel could not handle the options volume *because* it could not be internalized? + * ...or are they implying that *the options were not cleared* - there was no backer? This would mean Citadel/RH were operating a CFD for options, with a handshake "credit" arrangement. If so, RH would be entirely on the hook for every options contract it sold if Citadel could not fulfill. (**HOLY SHIT**) + * There might be no implication at all, but... something feels really off here. + +#Then you get to this: + +* [p.32](https://i.redd.it/a6qrk98vkgu71.png) + + > OCC did not... increase financial resources during this period + * i.e. THEY DID NOT REQUIRE MORE DEPOSITS BASED ON MARGIN CALCULATIONS +* Then, [p.31](https://i.redd.it/cieoifpzigu71.png) + + > OCC's margin requirements returned to prior historically consistent levels + * WAIT I THOUGHT YOU SAID NO EXTRA MARGIN REQUIREMENTS WERE MADE, SO HOW COULD THEY RETURN TO "NORMAL" IF THEY WERE ALWAYS AT "NORMAL"? + * This *could* be explained if the margin was proportional. (i.e. as $ volume scaled, so did deposit requirements)... but why not just say that? + +&nbsp; + +But all this presents one **MEGA FUCKING QUESTION**: + +* ***How can there be a HUNDRED AND NINETY TIMES increase in options volume for a stock with liquidity problems AND NO MARGIN CALLS OR EVEN INCREASED REQUIREMENTS WERE MADE?!?!*** + +&nbsp; + +EXTREMELY. FUCKY. + +&nbsp; + +(FYI, OCC is owned by NYSE, Nasdaq, and CBOE. + +Guess who *their* largest client is?) +Picture this: + +Let’s say your a very financially stable 30 year old with a young family, house, solid monthly income to sustain the life you currently have. + +You also have 600k to invest in your future with a goal of making yourself financially independent. What is your plan? + +Edit: Additionally, already maxing out our IRA &amp; 401k +Edit 2: all 3 kids college paid for. Already have house. + +By financially independent I mean, we quit working for the man and live off our investments, dividends, properties, or whatever we have set in place with lots of financial freedom. +This has been a labor of love, here is the IEX AMA you've all been asking for! + +Ronan was certainly one of the most fun guests to host, he's entertaining as hell and tells great stories - so I encourage everyone to watch. There are also juicy tidbits throughout which I'm sure the community will latch onto and dissect, as we do. + +Youtube Link: [https://youtu.be/0fI4YPde-g8](https://youtu.be/0fI4YPde-g8) + +Initial Request Post: [https://www.reddit.com/r/Superstonk/comments/rxzes9/ama\_iex\_question\_request\_thread/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rxzes9/ama_iex_question_request_thread/?utm_source=share&utm_medium=web2x&context=3) + +Hope everyone enjoys it. + +~~I'll be posting the transcript relatively soon in two separate posts (due to the length being more than 40k characters) for those who want to read it.~~ + +Transcript Part 1: [https://www.reddit.com/r/Superstonk/comments/ss5wyf/iex\_ama\_transcript\_part\_1/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ss5wyf/iex_ama_transcript_part_1/?utm_source=share&utm_medium=web2x&context=3) + +Transcript Part 2: + +[https://www.reddit.com/r/Superstonk/comments/ss5xer/iex\_ama\_transcript\_part\_2/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ss5xer/iex_ama_transcript_part_2/?utm_source=share&utm_medium=web2x&context=3) + +Separate to the above, please refer to the AMA request post for **Former SEC Branch Chief Lisa Bragança** here: [https://www.reddit.com/r/Superstonk/comments/sp7j02/ama\_question\_request\_post\_former\_sec\_branch\_chief/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/sp7j02/ama_question_request_post_former_sec_branch_chief/?utm_source=share&utm_medium=web2x&context=3) +With $100,000 investments performed on the same date. Dividends *not* reinvested. Math below. + +#Phillip Morris + +4,045 shares at a cost of $24.72 per share on a $100,000 investment. + +Stock split, 4 for 1. 10/10/1989. You now have 16,180 shares. + +Stock split 3 for 1. 4/10/1997. You now have 48,450 shares. + +MO pays out $50.29 dividends per share for a total of **$2,436,550.50** + +MO current price $48.85. A total of **$2,366,782.50** worth of MO stock. + +03/28/2008, Altria (renamed in 2003) Spins off Philip Morris International. You receive 48,450 shares of PM stock + +PM pays out $36.61 a share in dividends for a total of **$1,773,754.50** + +PM current price $83.46. A total of **$4,043,637** + +3/30/2007, Altria spins off Kraft foods. You receive 33,528 shares of KRFT. + +KRFT pays out $5.80 per share in dividends for a total of **$194,462.40** + +Kraft Foods Group merged with Heinz. Your 33,528 shares now trade under ticker KHC. + +KHC pays out $14.28 per share in dividends for a total of **$478,779.84** + +KHC current price 47.63. A total of **$1,596,938.64** of KHC stock. + +10/1/2012 Kraft Spins off Mondelez. You now own 100,584 shares of MDLZ + +MDLZ pays out $4.65 in dividends for a total of **$467,715.60** + +MDLZ current price is $47.76 for a total of **$4,803,891.84** + +Total return on investment? ***$18,162,512.82*** + +------ + +#AAPL + +$100,000 would buy a split-adjusted 74,626 shares. At 170.5 current price $12,723,733 with total of $1,066,405.54 in dividends = ***$13,790,138.54*** +I’m here for MOASS, plain and simple. I don’t care much for NFT’s, digital wallets, partnerships, or even Ryan Cohen. Big respect to the guy all the same. + +I’m here to get rich, and fuck over the people that fucked me over back in 2008. I won’t sell a single share until they’ve all been liquidated, and even then, the vast majority of my shares will swim in the infinity pool forever, coz fuck ‘em. + +I’ve seen many posts over the last 18 months talking about how GameStop is going through a massive turn around, and good for them I say, but that’s not why I bought into the company, nor why I’m still here. Truth be told, I would have bought into whatever company is expected to have the most violent and explosive squeeze of all time. It was, and still is, my one and only reason for buying GME. + +I’m not a GameStop fanboy, and there’s no shame in saying that. GME is a battleground stock for me, nothing more, nothing less. Once this is over, I’ll be taking my money out of the American markets, never to be seen again. + +And fuck you Ken 🚀🚀🚀🚀 +Recently my mom got a letter from the government saying they’ve been paying her too little on her pension for over a decade. She is getting a rather large sum of money and has decided to give me and my brother $5000 each. It’s not that much to my brother who is doing quite well for himself, but it’s a huge sum for me. The last time I had this much money in my bank account it wasn’t even mine: It was a loan for my studies that I’m still paying back to this day. This is the first time in my adult life that I’ll have this much money to just put away into my savings. A year ago I would have had to use most of it on outstanding bills and negative account balances. It took me a full year and a job change to get out of living paycheck to paycheck. I was even managing to start putting some money away and now this happens, it’s like I won the lottery. I am both overjoyed and totally dazed. I feel like this can’t possibly be happening, like I’m going to wake up soon and it will all have been a dream. + +I know that I am incredibly lucky to have such an amazing mom. She could have kept all of it, she didn’t need to share it with my brother and me. But she knows what it’s like to be poor, we have been poor for as long as I can remember and I really appreciate her generosity. I come from a family with an immigrant background and my parents never had very well paying jobs. Miraculously we never went hungry which I am thankful for. Still, we were always poor and I always felt different from the other kids around me. I once had to miss school for two days because our dog chew my last pair of shoes. Even now as a grown woman with an okay job, I still feel so weird when I hear my friends talk about (what I think are) lavish Christmas gifts they get from their families. I’m happy for them, of course. If they can afford them that’s amazing. But it still makes me feel so different. + +And now for the first time ever, my mom who worked so hard for pennies all of her life can give us a lavish gift, too. I’ve been on a rollercoaster of emotions ever since I heard the news. I sometimes feel my eyes tear up and I can’t really say if it is because I’m so happy or because I’m scared I’ll somehow lose it. Our mom hasn’t gotten the payment yet but my brother works for a bank and he has made some calls to make sure it’s true. They actually held off on telling me until they had checked the legitimacy of the letter. But I still can’t believe it, I still feel like something will go wrong somehow. I’m too scared to be happy. Someone please pinch me. + +I’ve been thinking about whether I should use the money to help pay off my student loan or use it as an emergency fund. I think I’ll go with the emergency fund because in the grand scheme of things, it won’t make a huge dent in my loan and the monthly repayments have been manageable with my new job. With the situation being so unstable right now, I think an emergency fund makes more sense. I’ll keep adding to it and once I’ve reached $5000 more (which will be a while) I can always divert the initial $5000 into my student loan. I’m thinking that’s the way to go. + +And while I’m thinking about all this, part of me ia still worried that making plans with the money is going to jinx it and we won’t get anything. I wish I could just be happy but I think it will take me while to wrap my head around what is happening. In any case thank you for reading my post. I don’t really have anyone to share it with because I’m embarrassed to show my friends how life-changing this amount is for me. It’s peanuts for my brother, too. But to me it’s huge. + +EDIT: There are so many amazing responses and I want to thank you for reading my post and taking the time to write a reply. It’s really touching to see so many people care and share their experiences and wisdom... YOU’RE THE BEST! I can’t answer every comment and message even though I want to but I just want to let you know that I’ll read and appreciate them all. +We (late 30s fam) finally bought our first home (BNE), and you can too. + +Late 30's, two young kids, work in the city and wife works part time which essentially pays for childcare and a bit on top which also contributed to house deposit savings. Couple of side hustles paid down all debt. UK Migrants, Aussie citizens for a few years now, got on through FHLDS, 2 bed freestanding house for 545k in Redlands. + +I've lurked here for the entire time, and the number of doom and gloom posts are astounding. I get it. People are over it. But man, some days I'd see one of those posts and I'd feel the hope being drained from me too. + +I'm here to tell you to keep going. + +Focus. Keep learning. Stay consistent. Ignore the websites and hit those streets yourself, there's no better intel. Go to the inspections and auctions. Follow up agents on the actual sold prices. When the opportunity appears, which it always will, you'll be able to spot it in your earliest window to act. You've totally got this. + +Edit: if I’ve learned anything about throwing your contribution into the ether, there will be division. Not going to bag on any of the negativity, not at all. But def thanks for the goodwill. Ultimately, I wrote this for “the me” out there elsewhere. I would have liked to read something like this a couple of years ago. +“If you try to please everyone, you’ll end up pleasing no one”. +I have traded both equity options and futures options, now I trade futures options exclusively for the past few years, I trade neutrally and sell strangles/ICs with at least 45 DTE, here is why I trade futures options: + +&#x200B; + +\- MARGIN REQUIREMENTS + +Futures use what is called SPAN margin, basically giving you more leverage to trade with, here is an example(Both positions will pay a premium of $6,000): + +SPX 1 lot short strangle with 54 DTE (C-4980/P-4400) margin requirements: $50,118 + +ES 2 lot short strangle with 54 DTE (C-4980/P-4400) margin requirements: $29,882 + +Both products follow the same price, ES is mini S&P futures. + +In some cases the difference is a big as 10 times less margin requirements for the same premium received on the same products with futures. + +It gives me more flexibility in managing my account in terms of margin requirements because they change everyday and usually increase. + +&#x200B; + +&#x200B; + +\- TRADING HOURS + +The futures market is generally open 24/6 with one break between 5-6pm, same goes for options on futures! I can basically trade them whenever I want, now not all futures have the same opening hours! it varies from sector to sector. + +&#x200B; + +&#x200B; + +\- DIFFERENT UNCORRELATED SECTORS IN THE FUTURES MARKET + +There are 8 major sectors in the futures market: Agriculture, energy, metals, bonds, indices, currency, product & produce and live stock. + +Most sectors are not correlated to one another, meaning if one sector is down hard, it generally doesn't affect the other ones. + +This allows me to have 7-8 small positions open, each belongs to a different sector, therefore less P&L volatility and overall more profitability. + +Yes I did trade during March 2020 and two of my positions (CL, ES) got stopped out, however the other positions were okay for the most part and turned into profits. (It wasn't that simple, I had to manage my positions creatively but none of them reach my stop loss). + +When trading equity options, if SPX is down, everything is down for the most part and it is extremely dangerous in my opinion, especially during these times. + +&#x200B; + +&#x200B; + +\- COMPLEXITY + +Futures options are more complex than equity options, for someone who is looking to get into this world, do your research! It is extremely easy to miss out on a small detail and blow your account. + +However when you understand futures options, you see how you have better tools to manage risk comparing to equity options. + +&#x200B; + +&#x200B; + +\- FEES + +Futures options have higher fees than equity options. + +Depending on your broker (I use IBKR) fees can vary! + +Fees are usually twice the amount with futures options, some products have higher fees than others but in my experience it makes zero difference, for smaller accounts under $5K it does matter. + +&#x200B; + +&#x200B; + +\- FUTURES OPTIONS ARE EUROPEAN STYLE + +Most futures options, not all, are European style, meaning they can only be exercised at expiration if ITM. + +Equity options are are American style and if ITM can be exercised before expiration as well. + +I think it is a big benefit as you definitely don't want to get stuck with futures contracts in your account before expiration. + +&#x200B; + +&#x200B; + +\- FUTURES RARELY HAVE GAPS + +There are gaps in the futures market, however it is very uncommon because the market is open all day. + +Stocks on the other hand gap almost every day! (The SPX gaps because of ES movement when the stock market is closed) + +This "feature" gives me a bit more rest of mind because my positions are open overnight for 17 days on average. + +&#x200B; + +&#x200B; + +\- FUTURES OPTIONS HAVE NO STOP LOSS ORDERS + +Yes, you heard right, CME doesn't allow stop loss orders for futures options. + +Equity options have all types of stop loss orders which I wish futures options had. + +My solution? I use IBKR and there is a workaround with OCO orders on their platform, it works okay when the price doesn't move too quickly, but you still get a bad fill. + +I usually close my positions manually for a loss if I can. + +Take profit orders work perfectly. + +&#x200B; + +&#x200B; + +\- THERE ARE ONLY ABOUT 23 LIQUID FUTURES OPTIONS + +Only 23 products to chose from with futures options while equity options have 100s of liquid stock options. + +It is a blessing in my opinion, less selection means you can be more focused on what you have and you get to know the products very well over a few years on trading, how they behave and what a 'typical' winning or losing trade looks like. + +&#x200B; + +&#x200B; + +\- THE FUTURES MARKET IS LESS POPULAR AMONG RETAIL TRADERS + +Because of the above reasons the futures options market is less popular among retail traders comparing to equity options, and I see it as a massive advantage for a number of reasons which I will not get into in this post, that topic deserves its open post. + +&#x200B; + +Hope this post helped a few to get a bit more insight into futures options and my mindset regarding options, let me know if you want more posts about things I learned over the years! +Hi everyone, + +Long time lurker, I have some questions about apartment complexes. + +Say there's a complex for $2 million. It's 40 units, 20 are two bed room 20 are one bed room. + +Rent in the area is 500-600 for one bed rooms, and 600-800 for two bed rooms. + +Being conservative, say the one bedrooms are rented for 500 and an occupancy of 75% (the area seems to have 90-100% according to the site) so 15x500x12 is 90k a year. And the two bedrooms go for 600 same occupancy. 15x600x12 is 108k. Total 198k before expenses. + +Here's where my questions come in. +How do you estimate maintenance costs, renovation costs, and management costs? Just rough percentages ranges. + +What other costs are there and in total what percentage of total income would go to expenses? + +Let's just say it's 98k for all expenses, almost 50%. 100k goes towards the loan entirely. Say the building was purchased with 20% down and an interest rate of 10% how do you calculate how long it will take to pay off? + +All of this is completely hypothetical I just grabbed a listing off of online, I know this is not realistic I'm purely looking at how to analyze properties better and trying to learn. + +Why don't more people go after apartment complexes? Is financing it the biggest issue? It appeals to me owning and managing a 30-60 unit complex as a full time job over corporate life. Is that a possibility? + +I appreciate any input +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. +Some of you may have seen [my recent post about VW](https://old.reddit.com/r/Superstonk/comments/ufnf7y/the_bigger_short_vw_squeeze_had_more_to_do_with/) over the weekend, or [my older post about the "BRK Indicator"](https://old.reddit.com/r/Superstonk/comments/rw79so/berkshire_hathaway_is_an_indicator_of_gme_spikes/). This post will expound on these as GME relates to Berkshire Hathaway. + +NOTE: This is all based on visual pattern recognition from charts I will provide. The following is simply my own opinion/theory on what I see, and is not backed by any hard data aside from charts and letters/interviews/articles with Buffet/Kenny and other past GME research. If anyone wants to do a more quantitative analysis of this type of work, please have at it. This is not that. I'm not a quant. I have asked some quants to take a look when they have time, including pwn. + +##**BACKGROUND INFORMATION** + +I imagine most apes here have at least heard of Warren Buffett, value investor extraordinaire, and one of the richest men in the world. He was a disciple of famed value investor Benjamin Graham, whose teachings have influenced all the value investors since, including our very own DFV. Warren Buffett is the head of a company called Berkshire Hathaway (BRK). BRK is an interesting company: it basically just owns other companies. They own huge chunks of Apple, Coke, and Geico, to name a few. + +Warren Buffett's image is carefully crafted to be that of a kindly old grandpa. He still lives in the same small house he purchased a billion years ago in Omaha, Nebraska. He buys breakfast at McDonald's and counts the change out like a normal person (he could buy all of McDonald's if he really wanted to). He only invests in good companies he truly believes in and holds them for eternity. Warren Buffett is the OG Diamond Hands. However, I submit, based on the evidence I'm about to show, that Mr. Buffett more closely resembles Montgomery Burns than an elderly Captain America. + +Here's some of what Warren Buffett has had to say about short selling over the years: + +> It's a whole lot easier to make money on the long side. You can't make big money shorting because the risk of big losses means you can't make big bets. It's ruined a lot of people. You can go broke doing it. + +Nice, so he doesn't like shorts. Ok cool. What else has he said about shorts? + +>I would welcome people wanting to short Berkshire. In fact, I'd lend them stock and earn extra income. They're a certain future buyer. If anyone wants to naked-short Berkshire, they can do it until the cows come home. In fact, we'll hold a special meeting for them." + +Moreover, Buffett has used this share-lending strategy with some of his other companies. The Berkshire CEO related a story in which a large brokerage company approached Buffett wanting to borrow USG (USG) stock to sell short. + +>"We charged them a lot," Buffett said. "We even forced them to hold it for a certain period of time so we could continue to earn money on the borrow." + +Buffett has said a lot about shorts over the years, but this is sufficient for our discussion here. + +##**A Brief Primer on Currency Pairs** + +A currency pair is basically one currency traded against another, for example, EUR/USD = 1.25 means one Euro is worth 1.25 USD. The thing is, you can do these sort of pairings with any two stocks. For example, here's a period of time in 2019-2020 where we have GME (Yellow) and POPCORN (Blue). GME/POPCORN is shown in green. You can best conceptualize this trade as **LONG** GME and **SHORT** POPCORN. It's like a hedge, make sense? + +https://www.tradingview.com/x/yWCHab2V/ + +These pairings can be of interest to traders because they can show when one stock might start to breakaway from others it usually moves with. Maybe you want to compare CPU STOCK #2 to the Nasdaq index, for example. + +https://www.tradingview.com/x/4AMVe4Q0/ + +In this example, you can see that in the past few days, CPU STOCK #2 has started to trend upward against the index, meaning it might be a good time to jump in. Sure enough, the stock is rising compared to its peers. + +So, what does this have to do with GME? + +##**POPCORN IS GME'S LEASH** + +Remember that chart of GME vs Popcorn from 2019-2020? Looked like a normal, kinda squigly chart. Well, take a look at what has happened to the pairing in 2021-2022: + +https://www.tradingview.com/x/XWceMNCy/ + +Do you guys see this? Starting in June, Popcorn and GME suddenly became *very* closely linked. Since then, the two stocks have always traded within a certain range of each other. A good friend of mine observed that POPCORN often acts like a "leash" on GME, and this is exactly what is shown in this pairing. Neither stock can escape the confines of the lane they're trading together in. What we are seeing here is very likely the result of a **SWAP** where Kenny (or Susquehanna, or whoever) took their GME short position and swapped it with an POPCORN long position to hedge the short position. They don't have to report this long position because swaps don't have to be reported. Then they pay to promote POPCORN on social media and here we are. + +But wait, there's more. + +##**BUFFET ENTERS THE CHAT** + +Wrinkles have known about the GME/POPCORN chart pair thing for a while. We've looked at it and seen how they're leashed together into a certain range since June, etc. Well, last weekend, I was working on my VW post and musing about how BRK might be related and I had a Eureka moment: + +**WHAT IF THEY SWAPPED THE GME/POPCORN SWAP WITH BERKSHIRE HATHAWAY?!?** + +Apes and Apettes, allow me to present...Kenny's Master Swap Hedge: + +##**GME / POPCORN / BRK.A** + +https://www.tradingview.com/x/2bkGZnhY/ + +Look at how flat that hedge is everyone. MARVEL at it. It's truly amazing, if it wasn't so fucking evil. So, this is what Kenny has done, shown here, on the chart, for all to see: + +- Swap 1: SHORT GME / LONG POPCORN + +- Swap 2: LONG SWAP 1 / SHORT BRK + +That's it. GME/POPCORN/BRK.A (or BRK.B...the chart looks the same with either ticker). + +Now, recall that Warren Buffett quote from the start of this post: + +> >I would welcome people wanting to short Berkshire. In fact, I'd lend them stock and earn extra income. They're a certain future buyer... + +Warren "Fucking" Buffett has bailed out Kenny. Or at the very least, been partner to Kenny's swap. Buying and supporting POPCORN does nothing but hurt GME and help Kenny hedge. Run away apes. + +##**BUFFETT LETTERS** + +Each year, Warren Buffet writes a letter to Berkshire Hathaway investors. In particular, I'd recommend apes read the letters from 2002, 2008, and the past couple of years. These are the letters that focus most on *derivatives*, of which swaps are one common type. **I highly recommend everyone here read each of these letters and Control+F for the section(s) on "derivatives". + +[2002 Letter](https://berkshirehathaway.com/letters/2002pdf.pdf) + +[2008 Letter](https://berkshirehathaway.com/letters/2008ltr.pdf) + + +**SELECTED QUOTES FROM THE 2002 LETTER** + +>Charlie [Munger, Buffett's long-time partner at BRK] and I are of one mind in how we feel about derivatives and the trading activities that go with them: We view them as time bombs, both for the parties that deal in them and the economic system. Essentially, these instruments call for money to change hands at some future date, with the amount to be determined by one or more reference items, such as interest rates, stock prices or currency values. + +>The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem – at a price, you will easily find an obliging counterparty. + +>But the parties to derivatives also have enormous incentives to cheat in accounting for them. Those who trade derivatives are usually paid (in whole or part) on “earnings” calculated by mark-to-market accounting. But often there is no real market (think about our contract involving twins) and “mark-to-model” is utilized. This substitution can bring on large-scale mischief. As a general rule, contracts involving multiple reference items and distant settlement dates increase the opportunities for counterparties to use fanciful assumptions. + +>Large amounts of risk, particularly credit risk, have become concentrated in the hands of relatively few derivatives dealers, who in addition trade extensively with one other. The troubles of one could quickly infect the others. Linkage, when it suddenly surfaces, can trigger serious systemic +problems. + +>Indeed, in 1998, the leveraged and derivatives-heavy activities of a single hedge fund, Long-Term +Capital Management, caused the Federal Reserve anxieties so severe that it hastily orchestrated a rescue effort. In later Congressional testimony, Fed officials acknowledged that, had they not intervened, the outstanding trades of LTCM – a firm unknown to the general public and employing only a few hundred people – could well have posed a serious threat to the stability of American markets. In other words, the Fed +acted because its leaders were fearful of what might have happened to other financial institutions had the +LTCM domino toppled. And this affair, though it paralyzed many parts of the fixed-income market for +weeks, was far from a worst-case scenario. + +>One of the derivatives instruments that LTCM used was total-return swaps, contracts that facilitate 100% leverage in various markets, including stocks. For example, Party A to a contract, usually a bank, puts up all of the money for the purchase of a stock while Party B, without putting up any capital, agrees that at a future date it will receive any gain or pay any loss that the bank realizes. Total-return swaps of this type make a joke of margin requirements. Beyond that, other types of derivatives severely curtail the ability of regulators to curb leverage and generally get their arms around the risk profiles of banks, insurers and other financial institutions. Similarly, even experienced investors and analysts encounter major problems in analyzing the financial condition of firms that are heavily involved with derivatives contracts. When Charlie and I finish reading the long footnotes detailing the derivatives activities of major banks, the only thing we understand is that we don’t understand how much risk the institution is +running. + +>The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear. Knowledge of how dangerous they are has already permeated the electricity and gas businesses, in which the eruption of major troubles caused the use of derivatives to diminish dramatically. Elsewhere, however, the derivatives business continues to expand unchecked. Central banks and governments have so far found no effective way to control, or even monitor, the risks posed by these contracts. + +>**Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.** + +Damn Buffett. "Financial weapons of mass destruction." Guess he doesn't ever use the things then eh? + +**Buffet's 2008 Letter to Investors** + +>Improved “transparency” – a favorite remedy of politicians, commentators and financial regulators for averting future train wrecks – won’t cure the problems that derivatives pose. I know of no reporting mechanism that would come close to describing and measuring the risks in a huge and complex portfolio of derivatives. Auditors can’t audit these contracts, and regulators can’t regulate them. When I read the pages of “disclosure” in 10-Ks of companies that are entangled with these instruments, all I end up knowing is that I don’t know what is going on in their portfolios (and then I +reach for some aspirin). + +>Derivatives contracts, in contrast, often go unsettled for years, or even decades, with counterparties building up huge claims against each other. A frightening web of mutual dependence develops among huge financial institutions. Participants seeking to dodge troubles face the same problem as someone seeking to avoid venereal disease: It’s not just whom you sleep with, but also whom they are sleeping with. Sleeping around, to continue our metaphor, can actually be useful for large derivatives dealers because it assures them government aid if trouble hits. + +##**WARREN BUFFETT TOLD THE GOVERNMENT TO BAIL OUT WALL STREET** + +So, I wasn't aware of this, but keep in mind that while BRK was mirroring VW's stock in 2007-2008 (prior to the VW squeeze, see my last post), Buffett was making [THIS LATE NIGHT PHONE CALL to the Secretary of the Treasury](https://www.cnbc.com/2018/12/11/how-warren-buffett-helped-save-the-economy-during-the-financial-crisis.html). + +Wait. What? You're telling me that Warren Buffett, called the Sec Treasury late at night while he was asleep, and put the bug in his ear to give the bail out to WALL STREET instead of bailing out the actual underwater homes (i.e. Americans). Do you apes see how manipulative this is? He didn't have to call him late at night. He *knew* that calling him late at night would mean he's more confused and suggestible, easier to manipulate. And he talked him into doing the exact thing that Wall Street needed: A huge bailout of their insanely underwater derivative positions. + +Warren Buffett just became Montgomery Burns. + +##**FAST FORWARD TO TODAY** + +Berkshire Hathaway just released their earnings report. Guess what it shows? A *huge* loss on their derivative positions. Now, as Buffett said, we have zero way of knowing from looking at their books what these positions are, but based on the chart data above, I think we can reasonably conclude that at least one of those positions involves a swap with GME, POPCORN, and BRK. One glaring omission from his letter this year? No mention of derivatives or the loss in his annual letter. In previous letters he states clearly that he personally takes full responsibility for BRK's derivative positions, and when there are losses there, he usually talks about them. This year, he did not. Curious. + +Anyways, this swap linkage explains many things. It explains why BRK.A volume has increased so dramatically since the Sneeze. It explains why it had the same volume jump with VW in 2008. It explains why BRK is mirroring GME and why POPCORN was pushed so hard on social media and why POPCORN often follows or lags GME movements in weird ways, almost acting as a "leash" on GME. I think it also explains BRK's share buy backs and is in line with Buffett's past comments about welcoming people to short BRK. + +##**TLDR** + +KENNY (or some large short) may have made a SWAP that was SHORT GME and LONG POPCORN, then combined this with a SECOND SWAP that may be SHORT BRK. This gives the equation: GME/POPCORN/BRK and if you graph this using Tradingview, you get a chart that looks almost totally flat since June...a near-perfect hedge. + +##**Edit: DATA + +The amazing u/bobsmith808 was kind enough run some numbers for us. At this point, our feeling is that the hard data is…inconclusive. + +https://imgur.com/a/RajOGGO/ + +It’s clear from the chart and the data that the biggest part of the hedge is POPCORN. It’s clear that however BRK is tied in, it’s a less strong correlation. My problem with the data overall is that I don’t think it’s going to correlate 1:1 like this because we’re essentially correlating 1/POPCORN (which correlates fairly well) but also with some BRK sauce thrown in, so it’s really 1/POPCORN*BRK so it gets more complicated. + +This will remain a work in progress and an area of intense investigation. I am convinced Popcorn is a hedge against GME, and I am convinced BRK is involved somehow, either willingly or unwillingly, but the nature of BRK’s involvement is, at this point, still murky. I strongly suspect, based on my intuition and gut reading of the chart and situation (interviews and such) that they’re taking the other side of Kenny’s swap, but I can’t **prove** it with data yet so consider this speculative for now. +**It's because it's wasting theirs.** + +Keep it coming, Kenny. I'm loving your discounts. If you choose to shoot yourself in the foot and get angry at me for it, then I'm afraid there's no hope for you. + +Why don't you just FORGET ABOUT GAMESTOP, and CLOSE YOUR SHORT POSITIONS. That way GAMESTOP can go on with its life and we can discover its true value. And you can, well enjoy whatever you have left after that. Maybe it'll be an opportunity for you to discover a stock you like and, you know, support it by buying real shares. + +Come on Kenny, you can do it. I believe you can learn from your INFINITE DOLLAR mistake. Look on the bright side, at least you'll be remembered for that. + +\*Buy, DRS, Hodl, Repeat, Enjoy\* +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi guys, I'm curious to what sort of recent changes you've made to manage the recession and massive increase in cost of everything... + +I'll start, + +Since its started getting colder and its expensive having the heating on, I reuse hot boiling water from making my evening boiled egg sandwiches. This hot water goes straight into my hot water bottle which stays warm for about 2+1/2 hours. Sometimes when I'm working at my desk at home, having this hot water bottle on my lap makes a huge difference. I feel much warmer and comfy. + +I also have an air fryer which I've started using a LOT more recently. This a big win as its way healthier than eating out everyday and deep frying. Also the air fryer cooks really well and home recipes just got a whole lot easier.(side rant: as well as costs of restaurants and fast foods shooting up to ridiculous highs, have you noticed the quality and service has actually declined! I'm not going crazy right!?) + +And the last is, I have subscribed to my favourite online clothing stores newsletter and downloaded their app so I often get emails of discounts as much 55% off for app users. I definitely take advantage of this. I also noticed the store send out an extra 10% off code when you fill your basket but leave it waiting 24 hours without completing the order. So I do this and wait for them to send me the "you have items waiting in your basket, here's an extra 10% off voucher code" email before actually submitting the order. (I assume a few stores do this now, worth a try) + +Any other little tricks or changes I can adopt to save more or even make some money? + +Appreciate all responses in advance. +A $10,000 CAD investment in Suncor today will get you 373 shares. EPS estimates are $0.47, $0.81, $0.87 are $0.71 for next 4 quarters (respectively), so my investment is generating $175.31, $302.13 $324.51, $264.83 quarterly cash flows (totals $1,066.78) in the next year. $10,000/$1,066.78 = PE Ratio of 9.37. For comparisons sake PE Ratio of a bank account right now is 200 ($10,000/$50 interest earned in next year). Is there a flaw in my math/reasoning for why SU is a good investment? +What's up fellas at Theta Gang. I made called [FD Ranker](https://www.swaggystocks.com/dashboard/stocklabs/fd-ranker) that logs the average IV of popular tickers. The tool is inclusive of almost 1,000 tickers now. + +**What is this tool good for** + +I often use the theta gang wheel strategy by selling cash secured puts close to at-the-money and I like to see where I can get some bang for my buck. A quick scan of the list will tell me what IV is looking like for certain stocks and when earnings is coming up and whether or not I want to do a weekly theta YOLO for earnings. You can sort by IV, stock price, or Earnings and filter by ticker. + +Here's some of the top tickers from this weekend. Instead of making a full list of tickers ranked by IV, I'll share some of the more common tickers mentioned. + +\***Smaller Accounts:** Tickers under $50 will be **BOLDED** + +# High IV Tickers List + +\*Some of the market cap data is off, so always double check before entering any plays! + +|Ticker|Market Cap|Stock Price|IV (%)| +|:-|:-|:-|:-| +|**RIOT - Riot Blockchain Inc**|886M|$13.10|195%| +|**MARA - Marathon**|695M|$10.93|189%| +|**FUBO - fuboTV**|2.98B|$44.18|156%| +|**BLNK - Blink Charging Co**|1.6B|$49.63|155%| +|**SBE - Switchback Energy Acquisition Corp - Class A**|1.45B|$46.10|151%| +|**AMC - AMC Entertainment Holdings Inc - Class A**|273M|$2.51|150%| +|**DGLY - Digital Ally Inc.**|69.6M|$2.60|141%| +|**GME - Gamestop Corporation - Class A**|1.41B|$20.15|140%| +|**LAZR - Luminar Technologies Inc - Class A**|7.23B|$33.08|140%| +|QS - QuantumScape Corp - Class A|2.64B|$114.77|139%| +|**RIG - Transocean Ltd**|1.35B|$2.20|131%| +|**APXT - Apex Technology Acquisition Corp - Class A**|585M|$16.37|126%| +|**HYLN - Hyliion Holdings Corporation - Class A**|2.63B|$17.10|125%| +|**SRNE - Sorrento Therapeutics Inc**|2.07B|$7.86|124%| +|GSX - Gsx Techedu Inc - ADR|0|$55.00|119%| +|**ACB - Aurora Cannabis Inc**|1.26B|$8.87|119%| +|**JMIA - Jumia Technologies Ag - ADR**|0|$43.62|118%| +|**NKLA - Nikola Corporation**|5.28B|$13.76|118%| +|**CODX - Co-Diagnostics Inc**|306M|$10.81|118%| +|AI - C3.ai Inc - Class A|0|$161.00|117%| +|**TLRY - Tilray Inc - Class 2**|1.15B|$8.57|117%| +|ARCT - Arcturus Therapeutics Holdings Inc|2.4B|$98.09|116%| +|**CRSR - Corsair Gaming Inc**|3.34B|$36.33|115%| +|**APHA - Aphria**|2.13B|$7.13|109%| +|**WKHS - Workhorse Group Inc**|2.77B|$22.95|109%| +|**NIO - NIO Inc - ADR**|47.1B|$45.77|103%| +|**PLTR - Palantir Technologies Inc - Class A**|40.8B|$27.75|102%| +|APPS - Digital Turbine Inc|5.2B|$58.46|93%| +|**PLUG - Plug Power Inc**|14.8B|$35.59|91%| +|OSTK - Overstock.com Inc|2.43B|$56.72|91%| +|**COTY - Coty Inc - Class A**|5.5B|$7.18|91%| +|**SPCE - Virgin Galactic Holdings Inc - Class A**|6.06B|$25.85|91%| +|CRSP - CRISPR Therapeutics AG|12B|$168.33|90%| +|**GRWG - GrowGeneration Corp**|1.52B|$41.21|89%| +|**XPEV - XPeng Inc - ADR**|0|$41.87|87%| +|MRNA - Moderna Inc|48.8B|$123.44|86%| +|**CNK - Cinemark Holdings Inc**|1.95B|$16.51|86%| +|**PSTH - Pershing Square Tontine Holdings Ltd - Class A**|5.21B|$26.03|85%| +|**BBBY - Bed, Bath & Beyond Inc.**|2.34B|$18.61|85%| +|U - Unity Software Inc|44.7B|$164.92|83%| +|**FEYE - FireEye Inc**|5.09B|$22.36|83%| +|**CRON - Cronos Group Inc**|2.66B|$7.49|83%| +|ABNB - Airbnb Inc - Class A|93.3B|$154.67|82%| +|**HOME - At Home Group Inc**|1.04B|$16.06|79%| +|FROG - JFrog Ltd|6.28B|$68.74|78%| +|DASH - DoorDash Inc - Class A|0|$158.46|76%| +|ENPH - Enphase Energy Inc|22.9B|$181.38|76%| +|**SAVE - Spirit Airlines Inc**|2.39B|$24.42|75%| +|**PRPL - Purple Innovation Inc - Class A**|2.07B|$34.13|75%| +|FVRR - Fiverr International Ltd|6.82B|$211.56|75%| +|FSLY - Fastly Inc - Class A|9.98B|$97.49|74%| +|**CGC - Canopy Growth Corporation**|9.63B|$25.83|74%| +|**GLUU - Glu Mobile Inc**|1.66B|$9.66|74%| +|**CCL - Carnival Corp. (Paired Stock)**|23B|$20.84|73%| +|**NCLH - Norwegian Cruise Line Holdings Ltd**|5.28B|$24.58|72%| +|**AAL - American Airlines Group Inc**|9.47B|$15.66|72%| +|**OXY - Occidental Petroleum Corp.**|16.5B|$17.67|72%| +|**IQ - iQIYI Inc - ADR**|12.7B|$17.45|70%| +|**M - Macy\`s Inc**|3.34B|$10.75|69%| +|SNOW - Snowflake Inc - Class A|16.4B|$323.04|69%| +|DKNG - DraftKings Inc - Class A|20.4B|$52.11|68%| +|**UPWK - Upwork Inc**|4.61B|$37.79|68%| +|**X - United States Steel Corp.**|3.7B|$16.79|67%| +|PENN - Penn National Gaming, Inc.|14.7B|$94.63|67%| +|SEDG - Solaredge Technologies Inc|16.6B|$323.80|65%| +|**LL - Lumber Liquidators Holdings Inc**|973M|$33.70|64%| +|TSLA - Tesla Inc|627B|$661.93|64%| +|PTON - Peloton Interactive Inc - Class A|41.6B|$162.62|63%| +|NET - Cloudflare Inc - Class A|26.1B|$84.98|63%| +|**CLDR - Cloudera Inc**|4.65B|$14.88|62%| +|EAT - Brinker International, Inc.|2.61B|$57.71|62%| +|CVNA - Carvana Co. - Class A|12.9B|$274.71|61%| +|SFIX - Stitch Fix Inc - Class A|4.36B|$69.33|61%| +|CZR - Caesars Entertainment Inc|12.8B|$75.90|60%| +|**UAL - United Airlines Holdings Inc**|12.7B|$43.22|59%| +|TAN - Invesco Capital Management LLC - Invesco Solar ETF|3.51B|$102.80|59%| +|RCL - Royal Caribbean Group|15.9B|$70.66|59%| +|W - Wayfair Inc - Class A|18.4B|$252.82|58%| +|CHWY - Chewy Inc - Class A|41.4B|$104.01|58%| +|**HUYA - HUYA Inc - ADR**|326M|$18.91|58%| +|PINS - Pinterest Inc - Class A|43.9B|$71.04|58%| +|CREE - Cree, Inc.|11.4B|$103.37|57%| +|**RKT - Rocket Companies Inc Class A**|2.4B|$20.83|57%| +|CHGG - Chegg Inc|11.9B|$92.41|57%| +|ZM - Zoom Video Communications Inc - Class A|107B|$375.00|57%| +|**HAL - Halliburton Co.**|17B|$19.21|56%| +|ROKU - Roku Inc - Class A|38.9B|$356.79|55%| +|**BIG - Big Lots Inc**|1.64B|$44.10|55%| +|**SNAP - Snap Inc - Class A**|61.9B|$50.15|54%| +|CRWD - Crowdstrike Holdings Inc - Class A|41.6B|$221.08|54%| +|AMD - Advanced Micro Devices Inc.|110B|$91.86|53%| +|BYND - Beyond Meat Inc|8.56B|$136.48|53%| +|**LB - L Brands Inc**|10.8B|$38.96|53%| +|DDOG - Datadog Inc - Class A|22.1B|$106.24|52%| +|ETSY - Etsy Inc|24B|$190.25|52%| +|**ICLN - BlackRock Institutional Trust Company N.A. - BTC iShares Global Clean**|4.27B|$27.82|52%| +|**LYFT - Lyft Inc Cls A**|15.1B|$48.83|52%| +|SQ - Square Inc - Class A|97B|$228.28|52%| +|ARKG - ARK Investment Management LLC - ARK Genomic Revolution ETF|6.79B|$103.10|52%| +|**GPS - Gap, Inc**.|7.64B|$20.43|52%| +|WYNN - Wynn Resorts Ltd.|12.3B|$114.41|51%| +|YETI - YETI Holdings Inc|6.36B|$73.09|51%| +|TWLO - Twilio Inc Class A|50.9B|$362.88|51%| +|BABA - Alibaba Group Holding Ltd - ADR|601B|$222.00|51%| +|**GE - General Electric Co.**|93.3B|$10.65|51%| +|TDOC - Teladoc Health Inc|30.1B|$207.95|50%| +|Z - Zillow Group Inc - Class C|31.7B|$138.51|50%| +|SE - Sea Ltd - ADR|84.3B|$193.18|50%| +|SMAR - Smartsheet Inc - Class A|8.86B|$72.50|50%| + +&#x200B; +Currently I have a home loan taken from Axis bank and it was taken 2 years ago with life insurance cover provided. It was at a rate of 8.5%. It was for a total of 93 lakhs. Two years down the line 5 lakhs of the principal has been paid off. I got a suggestion from a relative who said to reduce the interest rate with some other bank as this might reduce my pinch a lot (~80,000 per month). I feel I might not get the same deal as my life insurance cover ensures that in case anything happens to me, my home loan will get paid off. +What should I do? Is it recommended to change my home loan provider? Does it really save tax? +Hi everyone. + +I'm HODLing my coins for 5 years plus, which is great because I don't need to check the chart everyday as the rises and falls don't affect me. + +That's why I've signed up to multiple trading platforms, studied Wyckoff, enabled push alerts, open trading view every 4 minutes, close the chart, re-open it, read the latest crypto news, condemn bearish trends, avoid the FUD, check the sub-reddits, comment on every post, resist the FOMO, provide unwarranted technical analysis, evaluate impulse waves, predict future trends (incorrectly), check staking rewards every 30 mins, mark support and resistance levels, record trading volume, declare bull runs, track whales and erroneously declare that everything I hold is going to the moon. + +See, it really is so much easier to HODL. No sweat whatsoever. + +Thanks and see you all in 5 years :-) +I am a beginning to start renovating my first rental (710 square feet SFH). As I go about doing so, many people I have talked to have told me to "go cheap" and not spend the extra money on quality renovations in my home. For example, I am putting new counter tops in my kitchen. When telling a friend about wanting some sort of stone (granite, quartz, etc.) my friend told me I was crazy to put money into such and told me to go with a cheap laminate counter. + +But hear me out. My thought process is that quality renovations will last MUCH longer while also put me ahead in the competition. Also, from my own experiences, many people don't respect things they don't own. Why bother putting in a cheap counter when some tenant is bound to set a hot pan on it and melt it? If I can find something timeless, it could last me decades without having to replace. Ive looked at many rentals in my area and they all seem to follow my friend's ideas with cheap renovations throughout. Am I crazy and just being naive? + +Edit: I should mention that as I renovate, I will be living in the house. I plan on renting it when my family outgrows the house within the next 2 years so I will also be living with/using these renovations myself. + +Edit #2: This is a class B home. +I've lived in flatshares all my adult life but I'm feeling the need to get some more control over my living situation and maybe try renting myself. I've calculated of how much more that would cost and between the increased rent and not being able to split bills my total living expenses (rent + council tax + bills) would jump up 55% to roughly a third my take-home income. + +Now, I know that spending a 1/3 of your income on living situation is a perfectly reasonable amount (according to the internet at least). So why do I feel extremely guilty for letting myself think of upping my living standards in exchange for not being able to save as much month to month? I mean I know why it is (grew up in a not-so-well-off family and have a pretty funny relationship with money because of that) but how do I get rid of it? + +On one hand you've got not spending money on much unless necessary and on the other you've got indulging wants on a whim. The balance is definitely somewhere in between that. What's your personal approach to negotiating those? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +THE WEB3 PROJECT + +At the vanguard of DeFi, GameFi and Social Finance. + +&#x200B; + +TG: [https://t.me/TheWeb3Project](https://t.me/TheWeb3Project) + +Website: \[[https://www.theweb3project.com/\]](https://www.theweb3project.com/]) + +&#x200B; + +This are some of the first utilities that will come out: + +&#x200B; + +🔥Whistle - Decentralized Lifestyle + +Mystery boxes + +NFT Collections + +Social Gaming Platform + +The Upfinity League (Online P2E Game). + +The Oshies Club + +DEX SWAP + +Marketplace + +&#x200B; + +💸BUY. 💰HOLD. 🤑EARN + +&#x200B; + +Doxxed Founders + +Audit + +KYC + +&#x200B; + +Comparing with titano, libero, safuu, we are: + +1. Higher + +404,192.65% APY + +&#x200B; + +2. Faster + +Rewarded EVERY 3 SECONDS + +Gives 2.3% daily (404,192.65% APY) + +Other projects give reward in every 15 or 30 minutes or more due to their limitation. + +People have to wait that next 15 or 30 minute period to get next reward before doing something. + +Our project divides reward into smaller portions and give reward every 3 seconds. + +You cannot miss or wait any reward as this is theoretical maximum speed based on block + +by combining with the APY, it gives higher reward than any other projects. + +&#x200B; + +3. More Safe + +Others use EOA wallet for burn. No one knows they have key to control that wallet or not. + +Our burn address is a verifiable contract which has no owner. + +&#x200B; + +4. More Stable + +We have same manual buyback like others. + +But we also have auto-buyback for each sell + +&#x200B; + +5. More Healthy + +Others have big price drop when adding LP. + +We do not. + +&#x200B; + +6. More Consistent + +Unlike others, we have fixed exponential decay of interest rate change at each year. + +meaning we have fixed rate for 1 year and changes every each year. + +&#x200B; + +7. More Sustainable + +Others have price drop at each rebase. + +We have not. We have a special algorithm to avoid this (testing) + +Don't miss out! + +[https://dextools.io/app/bsc/pair-explorer/0x9f7d235b7d3f4403133a559b0968361687e4fc62](https://dextools.io/app/bsc/pair-explorer/0x9f7d235b7d3f4403133a559b0968361687e4fc62) +41 year old male, married, with 3 kids. Started my own brokerage account and looking to invest heavily for the next 10-15 year until I can retire or atleast knock back to a low commitment part time occupation. Looking for advice such as growth, dividend, index fund, etf, crypto, what the hell do I invest in that is safe and will generate positive returns? Looking for all types of strategies. 4-5K per month to invest. +So basically I have around 3500$ to rebalance within my portfolio! + +I've been looking at some ETFs to invest in but I am honestly a bit overwhelmed being new to this whole investing world. + +The way I tried to split my research is as follows: + +1. Large Cap / large cap growth ETFS +2. Mid Cap / Mid cap growth ETFS +3. Small Cap / Small cap growth ETFS +4. Healthcare ETFs +5. Tech ETFs +6. Gaming ETFs + +I don't think I want to split the money over the whole 6 categories! I'm just trying to find the best allocation for my investment. + +I was thinking to focus on large cap / large cap growth (IVW, SCHG), and healthcare.. +And maybe take a bit of risk with Small cap / small cap growth & gaming ETFs (like NERD) + +Would like to hear thoughts from people who are more expert than I am... Or less expert :) thoughts in general tend to help me out! + +Thanks. + +Edit: I did not think I'll get this many replies! Awesome and helpful answers all around! I will put another post by the end of the week with my decision after I do a little bit of research + +Thank you all :) +I see a lot of ppl with so many etfs in their portfolio. my portfolio has 1 for emerging markets and one for world am i doing somtin wrong? Should i expand my portfolio? Or is havinh more just a safety net incase some etf will fail? +My parents took out a whole life insurance policy for me when I was a child with $25,000 coverage. the cash value is $4200. I’m paying $18 a month for the current premiums. is it worth keeping the policy or should I cash it out and put the money in another investment account? I’m 36, married and have two children. + +Edit: do only men post on here? Surprising to see that most assumed I was a man. Wife here! Who runs the financial household! I should have added that my husband and I both have term life insurance although it’s probably not nearly what it should be. ($200k for each). + +Edit#2: It looks like it was originally $10,000 policy, taken out in 1992, but appears my dividends (less than $100/year) are being reinvested into "paid up additions." which now total close to $15,000. How do I find out how much interest the cash value is earning? Could I stop paying the premiums and still maintain the coverage as others have suggested? I absolutely plan to get better non-work sponsored TERM life insurance for me and my husband, and I dont NEED this $4,200 in cash. I just dont know if it's worth it to continue paying $18/month for the rest of my life to maintain the coverage of this policy. +I turned 15 this year and yesterday I bought some stock with my older brother yesterday and today I'm up 24 dollars. I know it isn't much but I'm proud of myself. +What book did you read this year that had the biggest impact on you? +For me it was Die With Zero. I have read all of the classics within personal finance, most of which have been incredibly helpful at me getting to where I am now, but Die with Zero has potential to be the most influential in terms of where I am going next. +So when I was 20 I decided I wanted to save up $50k. Didn’t think I’d get here so quickly, but I did. + +Now, here’s a new challenge: what the hell do I do with it. + +It’s just sitting in the bank, depreciating. + +I have no 401k, no investments, nothing. And I have no clue what to do with all the money. + +I would love to buy an apartment/house/property, I would also love to open up my own restaurant. Yet, $50k is not nearly enough for either of these in my area (NY). + +I’m open to anything, what do the wise financial gods suggest? +Does the culture of a nation impact the growth and development of the nation's economy? Throughout the economics class I've been wondering just how much a nations culture can influence growth and development in the economy. And if there is a correlation between culture and the economy, are there certain markets that the nation delves into due to their culture? + +A few days ago YeetToken introduced our use case, YeetPixels. The team has been astounded by the positive feedback from the community and even publicists have reached out to us to learn more. I want to preface by saying that YeetPixels is a long-term community project. The YeetToken staff believes in launching high quality use cases that serve our community. Many tokens claim to have a strong community. But finding fresh, unique ways to engage that community is where YeetToken excels. + +Over 90% of the content and ideas for YeetToken’s brand and message come from the community. We have artists, musicians, podcast hosts, streamers, among many other creatives. + +# What is YeetPixels? + +YeetPixels is our first community project and one that has reach beyond the cryptocurrency market. In 2017, Reddit developed a social experiment by introducing /r/place, a subreddit where users could change one pixel of a 16 million-pixel canvas followed by a lockout period. Our use case for YeetPixels (and first use case for YeetToken) expands this initial experiment by developing communities around the canvas. The canvas is expected to be similar to a social game that will be "played" while people interact in various community-created chat rooms. Those chat rooms provide a platform where users can plan and create "meta" projects within the canvas such as drawing a pixel image of the latest meme or making as much area on the canvas as possible a specific color. + +We envision this project being a new space for community engagement and freedom of expression. The chat rooms encourage interaction and collaboration among users. We are playing to introduce a snapshots mechanic that YeetPixels owners can utilize to capture the entire canvas to save personally or share among others. We plan to showcase user submissions and each month host a community vote such that the winner of the vote's snapshot becomes a digital NFT that can be used to continue to fund operations. A secondary market for resale of YeetPixels among members is also planned. + +Read more about our use case: [YeetPixels White Paper](https://pdfhost.io/v/fngyMfWlu_YeetPixels_White_Paperpdf.pdf) + +# Join the Community + +We have an active Telegram community of nearly 6,000 members and over 16,000 holders. In the next few days, we plan to meet with representatives from large exchanges in the European and Asian markets to not only get listed worldwide, but to promote YeetToken and YeetPixels globally. This is your chance to be on the ground floor as we shoot for the heavens. + +Join us on Telegram: [YeetToken Telegram Group](https://t.me/YeetTokenOfficial) + +Visit our Website: [YeetToken Official Website](https://www.yeettoken.io) + +Become a Yeeter (Contract ID): 0x7060d3f1cc70a07f4768560b9d9b692ac29244de + +Buy now at PancakeSwap v2: [Direct Buy Link](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7060d3f1cc70a07f4768560b9d9b692ac29244de) +Short story, but I’m a broke college kid who can’t get enough hours at my work. I had a lot of debt from moving out and other things that came up unexpectedly. I had always donated my blood for free, but went to a place where they buy plasma. I found out my rare blood type (AB+) was worth a $100 a visit (get paid in gift cards). This little extra income every week has helped me tremendously financially and I suggest if you are in debt or just want extra income, find out what blood type you have and look into how much people will pay you for it. + +Edit 1: Some plasma places will ask you to prove your blood type. I used information from the centers I had donated at before (online profile). Can also get info from your doctor I’m sure. + +Edit 2: Sorry I misspoke. My blood type made it so they would take me, not give me more money than other donors. They give everyone a $100. But they were only taking new donors with AB+/- blood. +Some Fun Stats: + +Apes find out Gamestop is over shorted and they turn off the button. + +Apes find out about swaps and the CFTC bans reporting of swaps for 2 years. + +Apes find out about cellar boxing technique used to bankrupt thousands of companies over decades and they move over 5,000 tickers to an "elite" exchange where only hedge funds can trade them. + +I see a pattern. + +I can't wait for loopring/Gamestop stock trading platform! + +I 💗❤️💞 🟣 🟣 🟣 + +&#x200B; + +EDIT: WoW this post took off! Sorry I went to sleep, Zen mode activated for me last summer. + +Much 💗❤️💞 my fellow 💎🦍💎🦍 see you all soon 🌑 🌑 +Your markets are run by bots. Now your daily threads are too. + +[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: 8192 days + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +I read the FAQ here on immigration which seemed to be pretty clear on the fact that immigration (high and low skilled) is mostly, if not entirely, good for an economy. If this is ‘fact’ then why do we have ICE, border wall discussions, in the USA? This question stems from controversy in the USA around illegal immigration and ICE arrests. Is the only answer “people are ignorant” or “people are racist” or is there some kernel of truth somewhere? +If the economics issue is as clear cut as most economists claim, why is it so debatable amongst the public? +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) + +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. + And because it was a CV there were my adress, phone number, country, name, and email adress as well. The person i gave this information probably a scammer. Should i be concerned about my bank account? Or this is not enough to scam me? +There's several scaling solutions in the works (for both the main chain & off-chain), nearing completion, or recently implemented: + +Sharding + +Proof of Stake + +Generalized State Channels + +Plasma + +Raiden + +TrueBit + + +**What many fail to understand:** + +Application devs will be building atop/integrating their scaling solution(s) of choice. + +**There is no centralized 'be all end all' scaling solution.** + +It's a Darwinian meritocracy & combination of co-existing scaling solution options. As it should be. + +If I build a machine like typewriter or a dishwasher, two of the biggest products in modern history, what is their intrinsic value? Once I'm past the prototype and growth stage and mass producing these damn things, how do I know how to price them, how much will people pay? + +The answer is people will pay according to the value they receive in the form of time and effort saved by using these machines rather than doing the activity by hand. If a typewriter saves you hundreds of dollars a year then people should expect to pay a few hundred dollars for one, absent any competition. **The intrinsic value of any machine is the time and money saved by using the machine over doing it by hand or with a weaker machine**. + +Cryptocurrencies like Ethereum run on *virtual machines*, and their intrinsic value is sort of like those animes where the good/bad guy gets so powerful that the other heroes can't even detect his level anymore. To understand just how valuable cryptocurrencies are, you have to think about the purpose and function of a fiat economy, and examine how many professions and industries exist and are necessary to enable a fiat economy to work smoothly and integrate with the wider world. + +Essentially, our fiat economy is a huge machine designed to facilitate the exchange of goods and keep track of who owes what to whom. And this machine is operated by millions of people at the expense of trillions of dollars. And this is all to just make the rest of the economy work a lot faster. Because without fiat technology, your society would have to spend tons of time and labor lugging around junk to barter, there'd be a lot more risk and less trade and less growth. + +**And to make a fiat economy work you need universities, professors, governance, regulators, investigators, enforcers, courts, lawyers, banks, bankers, accountants - just a ton of high-priced professionals and institutions and technology, many of them soaked in corruption despite all the mechanisms intended to keep people honest, all for a system designed to keep people honest that nevertheless fails spectacularly every few years.** + +But the worst part is that if you want to try nation-building a place like Afghanistan or develop a colony on Mars, you have to build up all these fiat institutions and train tons of professionals before you can integrate whatever these people grow/build into the global/interstellar economy at large. We've already lost trillions of dollars just recently trying to build up institutions like the American Universities in Iraq and Afghanistan to train the future professionals needed to run the country, but these efforts were thwarted by insurgents and terrorists. + +But cryptocurrencies automatically and incorruptibly do all the functions of these fiat institutions and professions and even more. And all you need to run a basic crypto economy is smart phones and internet, and this is how nations and colonies will be developed in the future. When Mars is settled, the colonists won't need to include bankers and crap, just workers and scientists and general security (just like all those sci-fi movies that naively assume the economic details are sorted out before colonization begins). The next time a superpower tries to rebuild a failed state, there won't be concerns of them imposing cultural hegemony via the construction of institutions, and economic prosperity will come online much faster. + +The intrinsic value of cryptocurrency is *currently* **trillions** of dollars, and it remains undervalued simply because its value still isn't understood by evaluators, and this is largely in part due to the fact that this technology makes obsolete practically the entire class these evaluators belong to. Different cryptos will appeal to different people based on their feature sets, but in general the more money is invested into this industry and the quicker it evolves scale solutions the more money and time is saved in the long run by getting these systems online and the old economic administration out the door. +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! + +With the North American markets being so dominant, many investors globally have easy access and insight to US companies and brands. I think many investors stick to investments in the US and their home nations equity market for a variety of reasons from, language barriers, cultural differences, and a lack of understanding of foreign brands. + +With the entire world investing in the US, their markets have become bloated, commanding higher earnings multiple than you would find elsewhere. On that thought I’d like to explore what insight you the reader may have into other markets globally and maybe some of your favourite stock picks also. + +Let us know the market you are promoting and why you think your investments in that market may be of interest to those without your geographical insight. +Currently I am full time employed, however I haven't worked since my diagnosis in November 2020 - I'd been considering a return to work recently however scans show my cancer has begun to grow again after chemotherapy so I put it on hold while things were up in the air again. + +Over the last 12 months I've completely drained my savings so I'm left with no income besides the £152 weekly personal independence payment that I am eligible for due to my condition, I can return to work on a phased return at any point once I give my work notice that I'd like to return. + +Luckily as of now my symptoms are somewhat minor so I can still be independent, but I'd really like to cross some items off the bucket list before it becomes a struggle to do so (travel, dining etc.). + +I am considering taking out a small loan for ~10k for upcoming holiday plans under the assumption that I'll be able to work soon and earn enough to pay it off, of course with how unpredictable the progression of my condition may be, something may happen to leave me incapable of working to pay it off. In the case of my death, who would the debt then fall under? I am unmarried with a partner, and we have gone from renting to living with her parents since it's been more sustainable after I've stopped working. + +Also (entirely out of curiosity) what is to stop a person with terminal illness from taking out a large unsecured loan for up to 50k? Could I theoretically do such a thing and then die without the responsibility of the debt falling on my relatives? Or would a loan of that size require a co-sign +Some prices from exactly one year ago during the Black Thursday crash. I remember being a bit worried but also buying as much as I could. + +• BTC $3,760.86 + +• ETH $88.34 + +• LTC $24.92 + +• ADA $0.019255 + +• LINK $2.07 + +• XLM $0.029438 + +• XTZ $1.04 + +• BNB $6.93 +Dear Mr. Loudermilk - + +&#x200B; + +I want to let you know how very disappointed I am by your vote against The Short Sale Transparency and Market Fairness Act. As far as I can tell, you are the only Georgia representative to vote against this attempt to address the great corruption in the way our stock markets operate and I am baffled as to what your possible reasons could be. I know that the bill did pass the House and will probably not pass the Senate, but what could that matter to you? You had one chance to represent the so called "Retail Investors" of our country with your vote and you did not do it. This matters a great deal to me and I wanted to tell you so. + +&#x200B; + +I am just one citizen and I am not a very political person. But I do have a great love of the United States and I believe that the big banks and hedge funds who have corrupted the way our stock markets are being run to such a disastrous degree will need to be reined in one day. It's a pity you have chosen to be against something which is so obviously needed. Anyway, i doubt if you will care very much about the concerns I've expressed here or even if you will ever read this far down into my message. You are a member of Congress and I am simply a citizen. But I want you to know if you do happen to read down this far that I will never forget your failure to act when the people needed you to do it. I will vote for anyone who runs against you and it will not matter very much to me which party that other candidate is from. I will also share my opinions with my family and friends who are also resident in your district and do my very best to persuade them to act the same way at the next election. + +&#x200B; + +Regards, + +XXXXXXXX +My son is 21 and has just started his first job in labouring. He was fully dependent on me and is now bringing home about $1100 per week. I want to charge him for rent, food & reimbursement of his phone to prepare him for life and bills when he eventually moves out so he learns to manage his money. I’m unsure how much to charge him but I don’t actually need the money. I want to return the money to him when he eventually moves out to help him be better set up financially. I expect him to stay here for another two years. What is my best option with the money? Can I invest on his behalf or under my own name then transfer ownership or am I better off just letting it sit in the bank? + +Edit: I just got off work and read through every comment. You have given me a lot to think about and I’ll do some research. I’m thinking $100 a week to start and he sets up his phone under his own account. I will talk to him about investing, saving and super because I dread to think how much house deposit he will need if he wants to buy a house in 5 years let alone service a mortgage with house prices in Sydney if that is a future goal. +EDIT 10:45am: I have been trying to keep up but have almost 400 unread responses and countless questions under posts. THANK YOU to everyone. Every idea, feedback, support, criticism, eye roll, shared stories....I can’t say how much it means to me. I know my family will get out of this one way or another! + + +Original post: + +My wife and I have gotten ourselves into a disaster. + +Here is the high level summary: + +**Average monthly take home from salary: $7,450 (after min matching 401k contribution, health insurance, and taxes)** + +**The debt:** + +* Fed Student Loans (between spouse and I) - $490/m ($85,500 total) +* Private Student loans (between spouse and I) - $600/m ($41,700 total) +* Private Loans (four) - $1800/m (13% apr) ($54,000 total) (holy fucking shit we fucked ourselves with irresponsibility #1) +* Credit Cards (seven) - $1300 (22%) ($50,000 total) (holy fucking shit we fucked ourselves with irresponsibility #2) + +**Debt: $231,000, min monthly payments $4,190** + +* House - $1,250/m (owe $160k, worth $200k) + +**Debt with house: $391,000, min monthly payments with house $5,440** + +**The bills:** + +* Electric $200 (average) +* Water $90 +* Cell phone $120 +* Internet & Cable $190 +* Car Insurance $160 +* Gas $110 +* Food $800 (family of four) (edit: also includes all household consumables like toilet paper, etc) +* Auto fuel $40 + +Total bills: **$1,710** + +**Net:** + +**$7,450 - $5,440 - $1,710 = -$300** + +We're adding to our credit card debt monthly and that assumes no unexpected expenses, co-pays, etc. + +I work full time from home. My wife is raising our kids. (Edit: youngest is special needs and we’re trying to keep him home with her as long as possible before sending him off to school, however we talked today and are looking at working some opposite shifts). Our oldest is in grade school our youngest starts kindergarten next year. My wife has a four year degree as do I. I do some moonlighting which brings in about $400/m currently at a rate of $30/hour (not included above in my income total) and I am hoping to expand that to about $1000/m if I can find an additional 2-3 clients to work with nights/evenings. Even with a more robust moonlighting roster we will be adding debt when any 'unexpected' bills come up during the year (car repairs, etc). + +What do I do? I know I can work at Target (or the equivalent) for $13/h on nights/weekends. That would bring in about $800/m after taxes I believe. I am actively reaching out to prospects and consider $30/h to be the low end of my rate ($50-75 is my goal). My wife can work half days next year after kid goes to school. + +I've sold every toy I own; no gaming systems, hobbies, etc. I only own my laptop for work. My wife has about $2000 of remaining hobby/collection things we are selling. We've been selling off random things for $5-10 at a time as we clear out our basement, find old kid toys, some furniture pieces. + +Tell me I'm missing something, there is a strategy to follow, or I am somehow (currently) being stupid/irresponsible. I am all ears and my feelings cannot be hurt. + +Edit also we own one small car, paid off, worth about $6k +First of all... \*clap clap clap\* if you've made it this far. To all the older investers who their wives got angery for them loosing all their money, and the younger ones whos moms got mad at the for "throwing money away" I just wanna congratulate you. You held on, you stuck with it. And now, we're going back up baby. + +Obviously no road trip runs without bumps, sometimes you even get a flat tire. But you generally get where you're going. And today my fellow retards, we're going to the moon. It's just the beginning, and I'm not a financial advisor, but gosh, you're not really looking for financial advisors on wallstreetbets are you? + +So please, regardless of the outcome in the next few days, smile now. Because now, we can be happy, for the first time in a while, some of us are seeing that pretty color of green. SO WHO IS HOLDING??? I love this game some call gambling, and maybe I have an addiction, but even if my ape hands are tiny, I shall hold as many dimonds as the opportunity presents. + +&#x200B; + +My goodness I'm honnored of all the upvotes and awards, thank you so much! +Just wanted to extend some advice for those new to selling options that might give them a positive direction going forward. As someone who’s been trading options for 5+ years the one thing I can tell you with certainty about selling options is you shouldn’t be panicking over a sell off. There are far more methods of managing a losing trade when you’re selling options than if you were buying them. First and most important precaution; position sizing. Nothing will spare you more in your trading career than proper position sizing. Next up is the ability to roll trades out in time and to whatever strike you desire. That’s an amazing feature of options considering you can move strikes, expiration dates, probabilities, all for a credit. There’s also the ability to hedge your positions to eliminate delta risk. Look up delta hedging and learn about how you can hedge each type of position with shares/more options. This isn’t a roulette table so don’t play it like one. Red days and weeks like these will happen but as long as you’re insulated one way or another you will be fine in the long term. Hope this helps! + +Edit: One very important thing I forgot to add is you should be doing ALL of the calculations prior to entering a trade. Calculate premium received against collateral required (return on risk), breakevens (how far does the stock have to move against me until I breakeven) total theta, max loss, margin impact, how much additional capital do you need to manage this trade if it moves against you? I basically make my entire trading decision off of the option chain, the charts are only a second source of confirmation for entering a trade. Message me if you need any further help. +I have extensive experience with public company shareholder meetings. + +There has been a lot of discussion about the statement made that "There are present at this meeting in person or by proxy more than the majority of all shares that are entitled to cast votes". This statement was made by the secretary at the meeting. + +# TL;DR: This was a standard statement made for the meeting to be valid. + +**WHY DID THE SECRETARY SAY THAT?!** + +It is part of his script for the meeting so that they have on record that quorum was met so the meeting could be validly held. + +What is quorum? A quorum is the answer to the question: "How many stockholders need to vote for the shareholder's meeting to be validly held". + +From the proxy statement, here are the quorum requirements (bolded by me): + +>**6. What Constitutes a Quorum?**A quorum of common stockholders is required to hold a valid annual meeting of stockholders. Unless a quorum is present at the annual meeting, no action may be taken at the annual meeting except the adjournment thereof to a later time. **The holders of a majority of the outstanding shares of our common stock entitled to vote at the meeting must be present or by proxy to constitute a quorum.** All valid proxies returned will be included in the determination of whether a quorum is present at the annual meeting. The shares of a stockholder whose ballot on any or all proposals is marked as “abstain” will be treated as present for quorum purposes. If a broker indicates on the proxy that it does not have discretionary authority as to certain shares to vote on a particular matter, those uninstructed shares, constituting “broker non-votes,” will be considered as present for determining a quorum, but will not be voted with respect to that matter. + +[https://news.gamestop.com/static-files/8f795a88-54a3-4320-b3e2-a2d5f28be6c4](https://news.gamestop.com/static-files/8f795a88-54a3-4320-b3e2-a2d5f28be6c4) page 10 + +Does that language look familiar? Yep. + +**DOES THIS MEAN THERE WASN'T OVER VOTING?** + +**NO.** This has nothing to do with over-voting. This is required for the secretary to say in order to properly conduct the meeting. + +**BUT THEN WHAT DOES THIS MEAN?!** + +It means that the shareholder meeting was validly constituted to conduct the business that it meant to conduct. It meant that the shareholder approvals made at the meeting are valid. + +That's it. + +Don't spread FUD or drama about this. It's nothing more than that. + +EDIT 1: I've seen a couple different questions or comments stating that over-voting would have made the meeting invalid. I'm not sure where the source of that came from, but too many votes would not make the process invalid. In fact, Delaware law (GME exists under Delaware law) even contemplates that there might be over voting for public companies that is corrected by the inspector of elections. ([https://delcode.delaware.gov/title8/c001/sc07/index.html](https://delcode.delaware.gov/title8/c001/sc07/index.html), section 231(d)). + +The quorum statement is purely procedural to ensure the meeting is valid. This has nothing to do with over-voting and this does not confirm that there was or was not over-voting. +I have been dreading making this post because then it's "real". I don't even know where it all started to go so wrong. Currently I am in ~43k in bad debt (CC's or personal loans). I am the sole earner currently as wife just had our baby. I am completely embarrassed that I've even let things get this bad. It's me, wife, baby, and her 2 kids visit 50% of the time. + +**Income:** + +37.83/hr - 40hrs/wk - paid bi-weekly ~78,686 annually + +Checking balance: 2506.24 + +**Monthly Obligations:** + +Mortgage 1817.32 (Bal 253,360.59@3.375 FHA loan amount 260k) + +Auto 643.79 (Bal 34,120.87@0% 53 payments left) + +Auto insurance 170.82 + +Wife Auto 349 lease ~10 months left + +Wife's Insurance - 463/month + +Auto gas - 160 + +Electric - 90 + +Natural gas - 130 + +Phone - 96.25 + +TV/Internet - 176.33 + +Water - 66 + +Student Loans - 276 + +Food - 400 + +**Bad Debt** + +Sofi Personal Loan - 722.78 (Bal 26,979@14.24% 49 months on term) + +CC1 - 215 (Bal 9238.98@15.49%) + +CC2 - 239.47 (Bal 9003.89@20.49%) + +CC3 - 231 (Bal @20.74%) + +CC4 - 104 (Bal 3824.41@19.49%) + +CC5 - 150 (Bal 5477.23@16.87%) + +CC6 - 173 (Bal 6174.39@19.99%) + +Monthly Total 6673.76$ + + +When I put the numbers together I honestly am not sure how I've even survived up to this point. Everything is current as it stands today no missed payments ever and my credit score is in the mid 600's. Wife returning to work will add daycare to this list and she makes 14/hr as a medical assistant. Currently she's been using her tax return to pay her car and insurance which is nearly gone. Completely ashamed of myself for recklessly letting things slide to this point and any advice is much much appreciated. + + +Edit: Thanks everyone for taking their time to give ideas to a stranger. Lots of things to consider here. Just trying to take it all in. +Welp, time to load the fuck up once again boys and girls. Averaging down is my favorite part of this saga. Went from 350 in jan, down to sub 100 in Feb, up to 230 in March, down to 150 in April/may, back up to 185 recently, and how hoping to get back to 160 range. I've 25x my position since Jan because of all these dips. Its time to 35-40x it. Diamond fucking hands. +Who knows how to set up AN ASXbets ONLINE CALENDAR???????????????? + +People put in key upcoming events (e.g. results) and then people can get in on the 🚀 a few days before the release. + +Mods help us out here! +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.** +With Dividends so high right now, it seems like a no-brainer to park your money there and just earn your 4% dividends. Unless I mis-understand how dividend stocks work... +Update 2: someone from Kuvera called and shared an easy trick (i.e. disable 2FA). Once done, the issue resolved itself. Thanks everyone. Like mentioned in the post, I have found Kuvera mostly helpful so far. There may be some issue where gmail rejects their mails. But their intention seems to be good overall. Thanks! + + +Update: I didn't expect so many helpful responses in such a short while. Thanks a ton, InvestmentIndia; I feel relieved now** + +&#x200B; + +Background: I have been investing in Quant Tax Fund since last year and I use Kuvera for the purpose (at least till last year Quant didn’t let us invest directly). I mostly invest through NEFT – I make the transfer from my bank, go back to Kuvera, provide them the transaction number and they proceed with the transaction. **Please note that the last part of the transaction involves Kuvera sending an OTP to my registered email ID. Also note that I have mostly found Kuvera very helpful so far.** + +The issue: I intended to do a lumpsum investment yesterday. I made the NEFT transfer (Citibank later informed me that the transfer was credited to Kuvera at 3:38 PM) and went back to Kuvera with the transaction number. When I tried to proceed, however, I didn’t receive the OTP from Kuvera. **I sent them an email and have not received any reply so far – it has been more than 24 hours**. So my trouble is twofold: + +1. I have lost the money from my bank without the investment going through; as it’s a **transfer** and **not a card transaction**, I cannot dispute the transfer +2. I really want to invest in Quant ELSS, but now I don’t see a good option to do it + +Resolution? I would like to know: + +· Is there anything else I can do to get the issue resolved? I would still prefer the investment going through rather than getting the money back + +· Has anyone else faced this issue without a resolution? Maybe we can pool in together in case we need to go the legal way + +· How else can I invest in that particular ELSS without Kuvera? + +&#x200B; + +*PS: I contacted Kuvera through Facebook messenger and did receive a reply, but the response is far less than helpful to say the least* +I will soon i will inherit an estimated $195K after the sale of my deceased mother's homes.  After that I want to buy a home. My wife and I have been married for 9 years. We have a 8 year old girl and a 2 year old boy.  She still owes over 100K in student loans and has only paid the minimum amount or had it deferred. She decided to change careers and go into teaching because she liked that I get Summers off.  So she got a masters in education. In which she took out more loans with me as a cosigner. I estimate She owes 30K with my name on it. She hasn't worked for 5 years. Her excuses are that the kids are bad or the neighborhood is bad.  I feel she's way too picky about her jobs and needs to help financially. We barely have any savings because of that. We literally live check to check. She also has a bankruptcy on her record. Which should of erased itself after 7 years but still remains on a background search. + +My gross pay is $91,000.  My take home check is averages $4,764.77.  Our rent is $2045 and will go up in August to $2070.  My financial advisor at the bank says to put 20% down and invest the rest with his moderate risk fund that historically nets 5% interest.  And get a mortgage for 240K at 4%. I asked him why I should do that. He said that the 5% should mitigate the mortgage's 4%. Then I asked him how would I explain that to my wife who's terrible with money.  He said that money in hand is better than not. You have more equity this way. I also asked about my wife's debt, he notice that we pay $311 monthly payment to her student loans. He said that that's ok but if we have to pay an additional $311 it wouldn't be worth buying a house and that it we would be better off renting. + +I have a difficult relationship with my wife.  I try my best to please her but it feels no matter what I do it's not good enough for her and that I do nothing.  She's very dominant in the relationship and pretty much dictates everything. Often my decisions or directives are stupid.  She hates everything on my side of the family. She only finds the negative in them. + +She had anger issues and had gotten worse over the years.  A simple mistake on my part nets a lot of curses and swears from her and most often ruins the day.  She'll nit pick and anything I do that's even remotely wrong. Sometimes if something is missing she'll blame me first.  And some of the time I would be innocent. And if I make some mistake I'll expect to get bitchy treatment for most of the day unless she cools off.  She also snapps at our daughter. And I know kids can be annoying but she doesn't deserve to be called a bitch. + +She will often say we are over and that when she gets a job she is leaving me.  She will also often say that "we're not good", "you are not my ride or die" "I don't love you".   + +We don't show and affection for each other anymore.  We have a king size bed and sleep at the extreme edges of the bed.   + +Lately I have been having more stressful days with her than good days.  I honestly have more peaceful time at work than at home. At work I'm more in control with stuff.  She thinks I work with tough kids in a tough neighborhood. It's even more peaceful at home when she's not there, and that's with the kids there with me.   + +I know my wife expects me to put all my eggs in one basket and place all the money in the house purchase.  I want to get the most equity out of my mom's money. So I hope placing 20% down and getting a 4% mortgage and investing the rest in a moderate risk fund at 5% is a smart way to handle this.  I also want to be in charge of the finances and pay off her loans. To do that I want her to get a job and use most of her income to pay off her loans. But I know she will complain and say that I'm greedy.   + +I feel that she won't be onboard with this plan and that it will lead us into divorce.  But if that happens I guess the home buying plan will be scrapped and I'll invest all the the proceeds after the divorce. + +My question is: + +Am I doing the right thing? + +Is this a viable financial plan? + +What should I do? + +What would you do in this situation? + +Monday June 3rd: + +Than you for all your advice. I will definitely will try to do what I can with it. I will try to keep you updated. +We've seen users here and there asking about the karma requirements today so we figured we'd better answer. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +With the influx of new users today, ***the mods got a little excited*** 😅and temporarily lowered the **comment** karma requirements *(Karma required to comment on posts)*. We saw this as a great way to help new apes get their bearings and ask questions. Have no fear, this change is only for 24 hours-- of the time of writing this post \~12 hours are remaining. There was no announcement of this initially because we didn't want to alert bad actors/ trolls/ shills/ etc. for fear of our community being brigaded. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚀🚀🚀🚀🚀🚀 +"**Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on Monday.** Even its most bullish scenario sees demand no better than “broadly flat” for the next two decades as the energy transition shifts the world away from fossil fuels." + +https://www.japantimes.co.jp/news/2020/09/14/business/bp-oil-demand-growth/ +EDIT: I just wanted to say, these answers have helped me more than I could have imagined. I'm so incredibly grateful for your experience, advice, and taking the time to provide input. Thank you all so very much. + + +I was very fortunate and FIREd early, before 30 years old. I spend maybe a couple hours a week checking in on things, but I've been unnecessary in my passive income for a few years now (even if I wanted to spend more time managing, it would be pointless). The last couple years I have passed the time focusing on family and pets, watching shows, researching purchases, playing games, all the things I couldn't dedicate time to when I worked all day. + +It seems so ridiculous, but I'm in a rut. I don't want to sit in front of a screen all day until I die. I don't want to travel, and can't travel for a few more years anyway due to my numerous pets. I pick up hobbies but still feel no interest in them. I picked up instruments, pottery, puzzles, sports (golfing, shooting, tennis), going to local plays and restaurants, nothing is sticking or consistent. + +I feel insane, immature, and ungrateful. This was the whole goal of FIREing, but I've never felt less interested in having free time. There's little motivation to do anything if there's nothing to work towards. Those of you with a lot of time on your hands, what do you fill your day with? What do you look forward to? Thank you for your input. +We did it, shots fired from Citadel to Robinhood. + +Congratulations on this successful psyops campaign that all of us didn't even know we were running. + +We've broken their ranks, their spirit and their hope. + +All we had to do was be mentally retarded and sit, play games, uselessly decipher tweets that were almost always completely wrong interpretations, shit post, let smarter people do the research, read a tldr, go to sleep and dream of MOASS, love each other, shove bananas in our butts, liquefy a sock and drink it (hope you're okay dude!), go back on our bets for shoving a watermelon in our butts because "scared" and our "eye" was smaller than our brain, call people shills, realize every post is shilly and bullish at the same time, say mayoman 874,890 times, make bed posts references, fly planes with signs on them and #REGISTER #OUR #SHARES. + +The past 9 months have been wild, frustrating and fun. Congratulations people, we've done a psyops without even being aware we've done a psyops. The walls are cracking and we don't have much further to go. + +Now continue #REGISTERING THOSE SHARES! +>The move to get displaced workers back to their jobs slowed sharply in July, with private payrolls increasing by just 167,000, ADP reported Wednesday. + +>That total was well below the 1 million expected from economists surveyed by Dow Jones and represented a tumble from the 4.314 million created in June, according to the report, which is prepared in conjunction with Moody’s Analytics. + +https://www.cnbc.com/2020/08/05/adp-private-payroll-growth-at-167000-in-july-well-below-expectations.html + +Markets are still powering ahead and not even flinching. Do you guys think this will have any effect? +Hello there fellow apes! I have an interesting theory to share with you today, that if plausible, would be able to explain how Citadel (and maybe even other hedge funds with massively overleveraged positions against GME) have been hiding the true extent of their short position, as well as give a good estimate of how many shorts they have truly been hiding. + +In order to properly explain this, we need to look at another entity that was in a similarly overleveraged position (suffering heavy losses as a result), and who other to perfectly fit the bill than **Archegos Capital Management**. + +# The Archegos Capital Management Fiasco: + +Archegos, just like Citadel, suffered massive exposure in their positions in the stock market and ended up collapsing with *billions in dollars of losses*. But what exactly were they doing that lead them on this path to utter destruction? Well, according to a [WSJ article](https://www.wsj.com/articles/what-is-a-total-return-swap-and-how-did-archegos-capital-use-it-11617125839), *total return swaps played a large role in how overleverged they were in their positions*. + +So what in the goddamn is a [total return swap](https://smartasset.com/financial-advisor/total-return-swap)? I'm glad you asked. A total return swap is basically a contract between two parties (such as a hedgefund and a bank) , where one party makes a series of payments to the other, and in exchange they are receiving the full return of the assets being held by the other party. In essence, one party is paying another to hold assets for them in exchange for the returns the asset would give them, *as if they had owned it themselves*. WSJ has a nice graphic of the process behind it here, given that this is happening between a hedgefund and a bank: + +[In this demographic, the hedgefund pays fees to the bank to buy assets for them and gets returns based on the returns of the assets. If the position is highly leveraged, the bank can margin call them and sell their positions if they fail the call.](https://preview.redd.it/kgxpxkz30b771.png?width=666&format=png&auto=webp&s=df8d9cca2d57301e9dcd617c7e7d84f2e875f7e5) + +In Archegos' case, they were EXTREMELY overleveraged (as a lot of their positions were concentrated on certain stocks like blue chip stocks), and when they got margin called and couldn't put up the collateral the banks they paid to hold their assets for them sold them into the market, causing *market wide sell offs* in the positions that they held billions of dollars in. This lead to their downfall, and shows why so many people are against total return swaps, especially if you *don't even have to disclose you have them like Citadel and other hedge funds can*. + +# How does this connect with Citadel and friends? + +It doesn't make sense to say that Citadel or Melvin Capital or any other hedge fund that shorted GameStop had *total return swaps*, because they actually *were* in ownership of their short positions. However, as I was scouring the sub, I came across a [post](https://www.reddit.com/r/Superstonk/comments/o776lz/i_know_exactly_who_is_holding_the_05_puts/h2x1333/?context=3) (its worth checking out) that had a nice comment by u/taimpeng that goes into detail on how there could be the exact EQUIVALENT of a short position using *synthetic return swaps*: return swaps between a synthetic prime brokerage and a hedge fund that hedge funds can use to gain massive leverage (similar to Archegos using total return swaps to gain massive leverage on their positions) , that would effectively allow them to have a short position without *actually* owning the short position. + +[Seriously, give this man an award! This is gold.](https://preview.redd.it/vaq7xmm88b771.png?width=890&format=png&auto=webp&s=7b2fb7cba925f9d0f82743af182556378aba09af) + +Taimpeng here basically states that through netting by novation, its possible that hedge funds like Citadel, Melvin Capital, and other hedge funds can essentially say that they have "closed their short positions", but effectively just create an equivalent of the short position by entering into a contract with a synthetic prime broker to say, "hey, we want you to *swap* our short shares with OTM put contracts. We'll hold the OTM puts and we'll pay you to keep hold of our short shares." This would, in effect explain how those 0.5$ strike July 16th puts appear in the options chain, and why it looks like GME isn't as shorted as it **actually** is. It helps to explain the FTDs to some extent too as a lot of these shares could have been nakedly shorted, but put under the veil of these put contracts that makes it look like the shares actually exist. If this is the case, then we can go down the options chain to all OTM puts of the like and find an estimate of the equivalent accumulation of short shares that the hedge funds have worked together to hide through these OTM put contracts (at least the ones in the option chain that haven't expired) , so l took the liberty of finding where most of these are (this is using [yahoo finance options data](https://finance.yahoo.com/quote/GME/options?p=GME)): + +[This is for July 16th. Basically what I'm doing is sorting by open interest and adding up the highest ones \(as in thousands of open interest\) on expirations that have suspicious OTM low strikes like there are here.](https://preview.redd.it/ff7un4tohb771.png?width=816&format=png&auto=webp&s=9d387eac1f293050e32b20f222d50a936f144c69) + +For reference, here is what the puts on a options expiration date is *supposed* to look like: + +[Here, the open interest shows up low overall on strikes OTM like 10$ and 50$ which don't signify much suspicious activity at play.](https://preview.redd.it/nyn2273gnb771.png?width=812&format=png&auto=webp&s=d9353baa9c0735eaca9cc12e0ca83eb5a97e7cce) + +I will now show you the rest of the dates that these suspicious OTM put open interest appears: + +[October 15th, 2021](https://preview.redd.it/hcigmh0skb771.png?width=829&format=png&auto=webp&s=d7cd0bff9bed635400694fad7d8053a9888aa9c2) + +[November 19th, 2021](https://preview.redd.it/hqkcs5hclb771.png?width=823&format=png&auto=webp&s=3c0ebe3528cf42b396209dd3de6a8d07612239b1) + +[BIG one for January 21, 2022](https://preview.redd.it/a7mguofbmb771.png?width=830&format=png&auto=webp&s=fb2711873a2e93b658ee41976308ba9a8b4f2169) + +[January 20, 2023](https://preview.redd.it/r5uoay4vmb771.png?width=816&format=png&auto=webp&s=7e6246ee344e1c4b73a66cf41b32d06038ba62dd) + +After crunching the numbers, here is a table of what I found: + +&#x200B; + +|Options Expiration|Approximate Suspicious OTM Put Open Interest Total| +|:-|:-| +|July 16th, 2021|408,746 put contracts| +|October 15th, 2021|27,433 put contracts| +|November 19th, 2021|35,689 put contracts| +|January 21, 2022|267,336 put contracts| +|January 20, 2023|56,776 put contracts| +|Total:|795,980 put contracts| + +HOLY SMACKEROOS that's a lot of put contracts, and that's just the ones that I could find! There could be a lot more put contracts they spread out that I couldn't find over other expiration dates, these are *just the put contracts where the put open interest stands out suspiciously on low strikes*. For the grand total number suspicious put contracts being at approximately 795,980 put contracts, in terms of shares that would be... **79,598,000** shares short. Not as high as you would think, but also keep in mind that this does NOT include the shorts they have covered already through FTD buy ins in the FTD cycle, as well as shares short they could be hiding through other means that we don't know about. If we were to calculate the short interest based on current data, we would have: + +79,598,000 shares short / 70,800,000 [shares outstanding](https://finance.yahoo.com/quote/GME/key-statistics/) ≈ **112% short interest** + +Quick edit: This is the short interest based on OTM Put data ALONE. If you were to add the short shares currently reported ([9.67M](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.59.1) according to Finra data) on top of this, the *revised calculation* would be: + +89,268,000 shares short / 70,800,000 [shares outstanding](https://finance.yahoo.com/quote/GME/key-statistics/) **≈ 126% short interest** + +**AND THIS IS STILL EXCLUDING GOD KNOWS HOW MANY SYNTHETICALLY CREATED SHORTS EXIST.** + +# QUICK EDIT AGAIN: I've recently just read u/criand 's [post](https://www.reddit.com/r/Superstonk/comments/o7klxj/looks_like_the_recent_robinhood_class_action_si/?utm_source=share&utm_medium=web2x&context=3) that goes into depth on the deep ITM CALL side of options (Side Note: I find it weird that these contracts were around the same strike prices too for both puts and calls, makes me think we can get an idea of the strike prices of their short position based off that, just some food for thought), and I think everyone should take a look at THAT as well as it is most definitely a good read. Just for shits and giggles, I've decided to include the call side of the shares shorted based on his post to grab a good estimate of the synthetic shares overall. + +According to his post, approximately 1,100,000 calls in open interest were present (this is during January) , or **≈ 110,000,000 shares overall on the call side regarding suspicious deep ITM calls.** SO, to add that on top of the already existing shares short we have: + +# 199,268,000 shares short / 70,800,000 [shares outstanding](https://finance.yahoo.com/quote/GME/key-statistics/) ≈ 281% Short Interest + +# Edit: saw some comments asking to do short % of float so here it is + +79,598,000 shares short / 55,480,000 [float](https://finance.yahoo.com/quote/GME/key-statistics/) **≈ 143% of float shorted** + +Revised calculation: + +89,268,000 shares short / 55,480,000 [float](https://finance.yahoo.com/quote/GME/key-statistics/) **≈ 160% of float shorted** + +# Calculation including the deep ITM CALL side from criand's [post](https://www.reddit.com/r/Superstonk/comments/o7klxj/looks_like_the_recent_robinhood_class_action_si/?utm_source=share&utm_medium=web2x&context=3): + +# 199,268,000 shares short/ 55,480,000 [float](https://finance.yahoo.com/quote/GME/key-statistics/) ≈ 359% of float shorted + +That is a MASSIVE amount of short interest, and shows that **GME is still very much being manipulated even if we can't see it on the surface**. If they have to buy all of these shares at once when we quite possibly own the float MULTIPLE times over, they would have to buy approximately 199,268,000 shares ***MULTIPLE TIMES.*** The share price would *definitely* go into the millions in that circumstance (at least in my opinion), and we KNOW the hedgies can pay it too. ***BUY AND HODL.*** + +# Post DD Message: + +Thank you guys again for reading my DD! :) On this DD I felt motivated to find out what the hedgies were hiding in terms of short shares, as I felt left in the dark as to what was happening overall and there was a lack of explanation for *a lot* of things in my mind. This theory only manages to explain a little, but I hope what I found was helpful to you guys and maybe give you a little confirmation bias going forward. It's hard going against the grain, where there are so many people around you that think "oh GameStop is done" and "the squeeze has been over for months now", so I truly applaud each and every one of you that have been hodling with those diamond fucking hands of yours. Anyways, it's getting pretty late right about now, so I think that's gonna be about it for this DD. I'll try to hang in the comments before going to bed but I hope you guys have a nice rest of your day! + +&#x200B; + +EDIT: ~~WTF? THE OPTIONS CHAIN IS BEING HIDDEN NOW..? I have no clue. This could just be because its late and the computers are resetting or something but its suspicious to me.~~ + +EDIT 2: I've been seeing in the comments that yahoo finance seems to regularly have this phenomenon with their data at night (open interest data resetting). I've removed the images just so the post is a little cleaner now and doesn't stir confusion regarding the data. +for most of the past 15 years, i've lived in the downstairs unit of my landlord's house with her living upstairs. with our respective dogs, we've kinda become our own little family. three years ago she bought a second home in the san juan islands and now alternates homes each year. shortly after leaving for the islands last month, she emailed and offered to sell me half this house. i'd be responsible for a mortgage of \~ $225k, plus taxes, half utilities and repairs in my downstairs space. she would then leave me her half in her will. she said that there's not much benefit for her to do so but is offering it as a favor to me if i'm interested. + +home ownership has never been a priority for me and have always been content renting- especially here. it's a lovely home (< 25yrs old) with a 5-star view in a semi-rural area in the mountains outside anchorage alaska. although i'd eventually like to live further north, i wouldn't complain spending the rest of my life in this house. i don't like the thought of a large % of my net worth to be tied up in something. i also really enjoy my lifestyle- much of my income is derived from trading and am able to cover my monthly expenses by working part-time. i can work as much or as little as i need or want at that job. i have a lot of flexibility and free time, and that's about all i've ever wanted in my adult life. i keep my expenses low so that i can get by on a minimal income. i don't want to go back to work full time to be able to afford to buy half of this house. in fact, i don't ever want to work full-time again for the rest of my life. as a result, my first reaction was that i was not interested in buying half the house. at the same time, i'm open to the possibility that i have a blind spot and am being a supreme idiot for not jumping on this opportunity. am i? + +relevant info: + +me: 47 y/o, single, dog dad; no debt, credit score of around 750 (2011 bankruptcy just dropped from my record last month), currently paying $800/month in rent (a total steal for where i live), make $27/hr working 15-25 hours a week at my job, income from trading is variable (if i were living off of trading income only, i could probably consistently cover my monthly expenses without the part time job. i'm definitely not getting rich from trading anytime soon but have become capable in the 3 years i've been doing it); current total liquid assets of > $60k, no retirement account; and am about as content as i could imagine being. + +edit: this has already gotten more comments than i expected- and thank you for them. got chores to take care of before the falling snow gets too deep so will be a few hours before i can respond to comments. thank you. +Bed Bath sold the Christmas Tree Shops in 2020... + +https://preview.redd.it/49hdelu91fm81.png?width=372&amp;format=png&amp;auto=webp&amp;s=c7fd442b9bac76e50696ab4432df79cce4f2fb43 + +[Mark Tritton, Nov 12th 2020](https://preview.redd.it/ou41x68l1fm81.png?width=967&amp;format=png&amp;auto=webp&amp;s=a5aa8f5bd3d60acc58fe43bd970c0e2693df36be) + +[Expensive Consultants...](https://preview.redd.it/nnwpri33xem81.png?width=378&amp;format=png&amp;auto=webp&amp;s=0735308fb6490fbee01490bad67c191f825f7c20) + +[What is it ya do here?](https://preview.redd.it/uh57yxisyem81.png?width=431&amp;format=png&amp;auto=webp&amp;s=5777fd600ef026aaaf354cd41e39b3f5cbb6e1e4) + +So, I was thinking to myself... did anybody look up the consultants... + +And, I think that the CEO "Mark Tritton" is the consultant... Because I think that hes there to help shorts... and thats why hes so expensive... + +BBBY didn't hire anybody that I can see... but The Christmas Tree Shop did. + +[https:\/\/www.consulting.us\/news\/7306\/how-consultants-helped-christmas-tree-shops-with-its-it-carve-out](https://preview.redd.it/pxpejwwpzem81.png?width=765&amp;format=png&amp;auto=webp&amp;s=91efb90bb3ad219a547e22b5faf455253240e523) + +[https://www.columbusconsulting.com/category/team/](https://www.columbusconsulting.com/category/team/) + 80PCT Of this post was removed. -no idea why or how - + + +https://www.reddit.com/r/Superstonk/comments/taoea7/my_post_was_removed_uploading_for_visibility_im/ +My thought is this. + +We are currently in the middle of one of the biggest and most rapid market corrections we’ve seen in years. All stocks are dropping fast. With that simple fact in mind if GME was not a threat then GME would naturally sink with the rest of the market. NO SHORT ATTACK NEEDED. + +Here is the crux of it all. The fact that these SHF are borrowing shares to short attack GME (when the market correction should be doing it organically)makes no sense. If the entire market is crashing (GME included)let it crash why would you bother wasting money creating synthetic shares for any company in these market conditions. + +But this does not seem to be the case…..during this free fall SHF are borrowing hundreds of thousands of shares to short GME most likely due to the fact that GME isn’t susceptible to what’s happening to every other stock right now. + +In conclusion GME is such an outlier that it needs to be shorted to be kept down even during the worst market downturn in years. + +BULLISH. +Did ally'all read the DD since the dawn of time and see the signs and the ragtag team of wrinkly-brained quants gathered to help hank prove or disprove the FTD cycle theory? + +Well I reckon that he proved it, and the fuckers decided to break the law yet again to try and disprove it. I reckon that the cost of hiding this recent FTD cycle to make it look like sideways trading has cost far more than is currently apparent. + +I believe that there have been phone calls and deals buying a few more days while they try to break sentiment and undo the correct summations from hank's and atobitts and criand's research. + +The castle did not expect all the serfs to pick the right lotto numbers - ever - and now they're trying to change the rules stop the gold from going to the villagers while at the same time avoiding a revolt. +Does something like this exist? I don’t like to invest in China for various reasons. And I’d like to stay clear of Russian stocks given the recent events. I found EMXC that is ex-China, but it still has ~5% exposure to Russia. Any suggestions for investing in emerging markets ex-China+Russia without having to buy individual country ETFs? +https://au.finance.yahoo.com/news/australians-are-now-the-richest-people-in-the-world-001758078.html + +That explains all the top hat and monocle shops opening up. +This is the **Official AMA (Ask Me Anything) for Justin Dopierala**, the Founder and President of DOMO Capital Management LLC. Please leave comments and questions below, and the sooner the better so Justin can prepare some great answers. **This post will remain active until April 20 @ 4:20 p.m. CT**, at which point it will be locked and Justin will appear on Youtube livestream via the link below to answer questions live. + +He also would like you all to know that he accepts the hardball questions, but remember to be honest and ask earnest questions, as to be respectful of Justin's time. Thank you Justin!!! + +**A message from Justin Dopierala:** + +Hey everyone – really looking forward to the AMA on 4/20 at 4:20 PM Central Time. DOMO Capital is a state-registered investment advisor that manages money for clients identically through separately managed accounts.  Our YouTube channel has a [great video that gives a brief 5 minute introduction on our company](https://www.youtube.com/channel/UC3rCaBlsLlWJagcpbsais4w) that might answer some of the questions you would have. You can read more about our [philosophy, discipline, and process on our website](https://www.domocapital.com/philosophy.html) where you can also view our [Fact Sheet](https://www.domocapital.com/factsheet.html). + +A lot of you are probably aware of DOMO Capital from our Twitter posts, but we’re also one of the few “OGs” when it comes to GameStop.  In fact, we are currently shooting footage, at this very moment, for what will be the one and only legitimate GameStop documentary which is being produced by Jonah Tulis and Submarine Entertainment for one of the top distributors in the world ([you can read more about it here](https://deadline.com/2021/02/jonah-tulis-gamestop-documentary-submarine-1234687991/)). I am the Midwestern father of two that is mentioned in the write-up. + +I started investing clients of DOMO Capital into GameStop back in 2018. As time went on, I started to get frustrated with bearish article after bearish article framing GameStop in a way that was completely inaccurate. Therefore, I decided that action needed to be taken, and I started writing about GameStop in May of 2019. I ended up writing [6 articles on GameStop through October of 2020](https://seekingalpha.com/author/justin-dopierala#regular_articles&ticker=gme). It is true that we sold our last shares in January of 2021 in the $40���s, but we were also buying shares of GME for our clients in the mid $2’s. I’ve had the pleasure of having many conversations with many of the main people involved: Ryan Cohen, Senvest, Kurt Wolf, George Sherman, Jim Bell, etc. + +[Here is a link to my bio](https://www.domocapital.com/team.html) \- I am by no means an expert on the intricacies of what goes on behind the scenes in the market from a trading standpoint. I will answer your questions in this regard as best I can, but don’t expect any great insights from me on fail to delivers or anything like that. It is likely beyond my comprehension! + +I am looking forward to the AMA and am truly happy to answer any questions you have. In no way should any of my comments be construed as financial advice as this AMA is for educational purposes only. + +DOMO Capital is known for going against the grain and doing things a little differently and this AMA will be no different.  Instead of responding to your comments with comments – we are going to host a live stream from our YouTube channel and answer the questions on video. Chat on the stream will be turned off so that we can focus solely on the questions that are being asked of us on Reddit. + +# [JOIN THE LIVESTREAM HERE](https://youtu.be/lSSajuW0kQI) - starts April 20 @ 4:20 p.m. CT + +\--- + +DISCLAIMER: + +DOMO Capital Management, LLC ("DOMO") is a state-registered investment adviser in Wisconsin and Michigan. Justin R. Dopierala is the President and Founder, and a registered investment adviser representative, of DOMO. Additional information about DOMO is disclosed in our Form ADV, which is available upon request. All information contained herein is for general informational purposes only and does not constitute a solicitation or an offer to provide investment advisory services in any jurisdiction. The investment strategy discussed herein may not be suitable for everyone. Investors need to review an investment strategy for their own particular situation before making any investment decision. We believe the information obtained from any third-party resources to be reliable, but we do not guarantee its accuracy, timeliness or completeness. The opinions, estimates, projections, comments on financial market trends and other information contained herein constitute our judgment and are as of the date of the material, are subject to change without notice at any time in reaction to shifting market conditions and other factors and should not be construed as personalized investment advice. DOMO has no obligation to provide any updates or changes to such information. + +Past performance is not indicative of future results. The opinions presented cannot be viewed as an indicator of future performance. It should not be assumed that investments made in the future will be profitable or will equal the performance represented herein. More recent returns may be more or less than those shown. Investing entails risk, including possible loss of principal. DOMO does not guarantee any minimum level of investment performance or the success of any investment strategy. The DOMO Concentrated All Cap Value Composite (the "DOMO Composite") includes all accounts managed by DOMO employing the Concentrated All Cap Value strategy. A complete description of the strategy and its attendant risks is included in our Form ADV Part 2A brochure. The inception date of the DOMO Composite was October 8, 2008. Mr. Dopierala has served as a portfolio manager for the strategy since inception. The benchmark index reflected herein, the S&P 500 Total Return Index (the "S&P 500 TR Index"), is a capitalization-weighted index of 500 stocks from a broad range of industries. The component stocks are weighted according to the total market value of their outstanding shares. Index returns are provided to represent the investment environment existing during the time periods shown. Indexes are unmanaged and do not include management fees, transaction costs and other expenses that are incurred in connection with a managed account. An index will include a different degree of investment in individual securities, industries or sectors from DOMO's investment strategy. Indexes do not predict future results. The benchmark index is shown for comparative purposes only. Investors cannot invest directly in an index. The returns for the DOMO Composite and the S&P 500 TR Index include reinvestment of dividends and other earnings. Returns for periods longer than one year are annualized unless otherwise noted. Cumulative returns are the aggregate amount that an investment has gained or lost, independent of the period of time involved, presented as a percentage. + +Gross performance figures do not reflect the deduction of management fees and custodial fees, but do reflect all trading expenses and all expenses charged by underlying funds and investment vehicles. Client returns will be reduced by management fees and other expenses incurred in connection with a managed account. Inclusion of references to individual securities is intended for illustrative purposes only. References to specific securities should not be viewed as representative of an entire portfolio, nor should the performance of any particular security be viewed as representative of the performance experienced by any other security or portfolio. It should not be assumed that future recommendations will be profitable or will equal the performance of securities included herein. + + +💭 What is **$MBUD** ? +**$MBUD** or **MOONBUD** is a fresh charity memecoin on the Binance Smart Chain, it has a 5% transaction fee, **2%** goes to the **charity wallet**, **2%** is **redistributed** amongst HODLers and **1% is burned** forever, making the token **deflationary**.Ownership of the contract has been **renounced**.**Liquidity** has been **locked** for a year. + +🌕 **MILESTONES** +The token succesfuly launched approximately 40 hours ago on pancake swap.The launch was amazing, price held and rose beautifully and the first day was full of important achievements.1600 HOLDER wallets in the first day900 members in the telegramMarket Cap reached a stunning 4M$ ATH, started at 100k MCAPBut the best of it all, the **CHARITY WALLET has so far accumulated over 150k$** +Imagine what can happen in the long run. + +🗺️ **ROADMAP**❤️ Community building - **IN PROGRESS** 👍 + +🦎 CoinGecko listing - **APPLIED** ⚡️ + +📈 CMC listing - **APPLIED** ⚡️ + +🌐 NEW Website - **Development in progress 💪** + +💣MARKETING - **Tiktok, Twitter, and others** + +🐕DONATION - The Developer will **PERSONALLY** visit a charitable organization that the community is currently voting on, and will donate the money from the charity wallet, the whole process will be recorded. This will happen next weekend. + +Personal Opinion: I have been closely talking with the dev team and the community since the very beginning, we are already pretty lively and the dev is a very honest reliable man who really wants to help the dogs. Since I have the inside info, I know that pretty big things are coming, and I remain very bullish. + +LINKS: + +🗒 CONTRACT: [https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://bscscan.com/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +💎 BUY: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +📈 CHARTS: + +💩 POOCOIN: [https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://poocoin.app/tokens/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba) + +🧘‍♂️ DEXGURU: [https://dex.guru/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba-bsc](https://dex.guru/token/0xbe8183612f145986a41ad8e8fcfefed1c2f9deba-bsc) + +🌐 WEBSITE: [https://www.moonbud.space/](https://www.moonbud.space/) + +📱 TELEGRAM: [https://t.me/moonbudofficial](https://t.me/moonbudofficial) +Hey everyone, + +This is my first post from mobile so I apologize if the formatting is terrible. + +I’ve been following this sub for about a year now and I’ve seen some general negative sentiments regarding people who have an inheritance when they are young. Me being one of these people, I thought I would share my experience to give everyone a more balanced look at how this has affected my life. + +Long story short, my grandfather (who I never met) made a ton of money in the insurance industry. This money was passed down to my father after he died. + +This is where the story takes a turn. My parents got divorced, and subsequently a few months later my father died. At 3 years old I was given a trust fund of ~$50000. My mom (who is a saint) reinvested this money for me until I took control of the account at 21 with a balance of ~$200000. This has been life changing money in my college life/early career and one of the reason I found the FIRE community. So, finally, I’ll get to the pros of having this money: + +1. I was able to attend and graduate from a 4 year university completely debt-free. Even though I had plenty of scholarships and financial aid (my moms annual income is not very high), I was still able to cover the remaining 2-4 grand left over every semester with my inheritance. This is currently the only thing I’ve pulled money out of these accounts for. + +2. I have a huge leg up on many of my peers at this stage of my life. Being 23, living in a LCOL area and just starting my career, I can afford to be picky with the career path I want to take. If I wanted to quit my job tomorrow (which I don’t), I know that I would be fine to spend some time training, going back to school or taking some time for myself. + +3. Having money taught me the value of money. I worked jobs in high school and college because my conscious couldn’t even imagine pulling money out of these accounts for “fun” (not to mention $200 paychecks in high school make you feel like a king). + +4. This money has given me motivation to aggressively save MY hard earned money. I have just started contributing to my 401k and have about $30000 in a HYSA from my jobs post-college. Having a leg up makes me want to get to FIRE faster! + +Now, here are the cons: + +1. Having an absent step-father who never really took interest in me made me very insecure as a child, and even up to now. I don’t really have a male role model in my family/friends that I can go to for advice. This has led to some mental health issues that I’m a currently seeking treatment for. + +2. I am not really close to my father’s side of the family. There is no contention or animosity but it almost feels like after a certain point they stopped trying to keep in contact. + +3. I have never enjoyed the finer things in life. Sure, I’ve never been poor or had to worry about basic necessities, but I also didn’t get to do things my friends did (travel sports, fancy vacations , etc.) because my mom couldn’t afford it (my mom is great with money and my main inspiration in FIRE and life if you couldn’t tell already). + +4. My moms side of the family are not very well off. I’m concerned in the future I may be asked to support my grandmother financially and I don’t know if this will result in family tension. + +In short, there are many fair and valid criticisms of “trust-fund babies” who have never worked a day in their life. I don’t particularly like them either. I won’t sit here and pretend my life is a tragedy. I’ve been extremely blessed by not only this money but the people surrounding me. I simply wanted to bring attention to the facts that for some people, an inheritance comes with significant trade offs in their non-financial life. Sure, most of the cons I listed are emotional rather than financial, but that’s just as big if not bigger part of your life (who wants to FIRE if they’ll never enjoy it?). It’s very hard to judge someone’s situation by the numbers in their bank account. + +For everyone who has read to the bottom, thank you and feel free to share your own perspective on the matter. I’m interested to hear what other people have to say (famous last words). + +EDIT: I realized as I am reading the comments that the title may be misleading. I conflated the terms trust fund and inheritance by accident. This post is speaking about inheritances. +Haven't seen much talk of Toyota (TM) stock on this subreddit, would love to hear some opinions about the stock. They've got a low P/E ratio compared to their peers, are an undeniable leader in quality and sales, and appear to be a great value. + +&#x200B; + +When I did a discounted cash flow based on an 8% discount rate and moderate growth for the next 5 years (and slower growth for the next 5) I came up with a fair value of $206/share. They also have a nice semi-annual dividend and generate massive amounts of cash. + +&#x200B; + +I'm going to start dollar cost averaging into a position but am wondering why I never see them mentioned...or maybe I'm just missing it? + +&#x200B; + +Their cars are super high quality and hopefully their stock is too. + +&#x200B; + +Current Share Price: $152 + +Dividend: $3.59/year (Yield 2.5%) + +P/E: 14.5 +As one of the more iconic bugs in gaming history, reaching level 256 in the Pac-Man arcade game would cause half of the screen to be rendered in a jumbled mess. The left of the screen would appear as expected while the right displayed a mixture of random characters. + +The bug stems from a memory overflow error in the code that retrieves the number of fruits shown on the bottom right of the screen and there's only enough memory to draw half the board. + +Because there's no possible way for Pac-Man to eat the number of dots required to pass the level, the "split screen" bug effectively marks the end of the game, forcing you to take a loss with no congratulatory message or credit roll. + +Toru Iwatani, the creator of Pac-Man, never intended for there to be an end to the game. + +https://pacman.fandom.com/wiki/Map_256_Glitch + +https://www.techspot.com/trivia/141-if-you-reach-level-256-game-pac-man/ +I will start first: + +&#x200B; + +* Indicators works +* Price action works +* Dont trust the social media +* You will need more time than you think to master this bussiness +* Those who started with you are not trading now +* No, sorry for telling you this but Smart Money Concepts are not the holly grail (but if it works with you, congratulations) +* The majority of real traders dont post, but they usually reply to your messages if you ask for help +* There are things that works better than only price action things like VSA, OrderFlow, Sentiment, Microstructure, Deltas, level II orderbooks, etc... but to find good information about that its harder because all the noise in this industry. + +&#x200B; + +I know that many things remained unspoken and I want to read you guys! +Sold my business, I'm single 38 y/o, I have too much free time and no friends who have time or money to hang out. +How do you find and trust new suited friends? +Day 9 now and we are holding STRONG! + +&#x200B; + +We are currently at $1.3 million market cap which is extremely undervalued considering our potential to expand! + +&#x200B; + +&#x200B; + +Social Media + +&#x200B; + +TELEGRAM - [https://t.me/officiallildoge](https://t.me/officiallildoge) + +&#x200B; + +Website - [https://lildogebsc.com](https://lildogebsc.com) + +&#x200B; + +Twitter - [https://twitter.com/LilDoge\_BSC](https://twitter.com/LilDoge_BSC) + +&#x200B; + +Lil Doge has been recognized a lot because: + +&#x200B; + +Previously trending on dextools (big push today) + +&#x200B; + +Previously trending on twitter (big push again coming up) + +&#x200B; + +Last night #1 trending on Stocktwits + +&#x200B; + +Top of the votes on many listing sites + +&#x200B; + +Already on CoinGecko + +&#x200B; + +A TON OF ADS + +&#x200B; + +HUGE influencers on every platform + +&#x200B; + +In the works: + +&#x200B; + +CMC listing + +&#x200B; + +More influencer posts + +&#x200B; + +Asian Community development + +&#x200B; + +BTOK ads + +&#x200B; + +Lil Doge utility development + +&#x200B; + +Central Exchange Listing + +&#x200B; + +Much More as we keeping working! + +&#x200B; + +Tokenomics + +&#x200B; + +6% BuyBack (used to fill the friendly whale) + +&#x200B; + +6% Reflections to holders (Get passive income to diamond hand) + +&#x200B; + +3% to Community Wallet (Will used for marketing and we progress will be used donations, more buybacks and burns) +People bought a lot of risky stuff. ICLNs, ARKKs etc. + +These people never held anything longer than 2-3 months, never went through a market correction, never witnessed a scandal that wipes out 15% of their position in a day. + +I am not saying that asking about market condition is wrong but there are stocks that don't and won't dip on days like these, less risky, more stable but less sexy also. It's your choice to buy a risky investment and please be prepared to see some losses along the way. + +GME created a huge inflow of people to stock market subreddits and I am tired of scrolling through thousands of posts asking about market bubble, market correction. Yes some stocks are overvalued but we are in totally uncharted waters given so much money printing, covid but also investor beliefs in certain markets. + +You are buying stocks like AAPL and MSFT at high valuations, you are not that person that bought apple in 2003 and has 120000% gains. Please be weary about the other side of your trades - there are people taking huge profits - if we will have a lot of them in a span of 10-15-30-120 days we might see a market correction. + +If you are new to investing buying a stock feels like a very intimate moment, sadly, a lot of people already own/owned that stock. + +If you want safety sell your positions and buy ETFs (stable all world, maybe S&P), maybe go for a dividend stock like T. If you can't handle your emotions make your portfolio all cash and trade on a paper account. + +And for the love of god don't call yourself a "long term investor" because you are bag holding a 20% loss. It might never come back, may come back tommorow, maybe in 7 years? You never know. We might see a bunch of people soon using that term more often to offset that psychological game of chess with the market but in reality you are simply not realizing that losses. I am 100% sure these LTIs are going to sell their position once breaking even. + +Stock market is a game of psychological chess and if you are weak - you will be wiped out by people with time, money and huge balls. + +Please create daily/monthly/yearly threads designed for a discussion about bubble/correction or market conditions. There is so much noise it's crazy. + +\#bringbackmaturity + +Not a financial advice. +I’ve been digging around in the catacombs below Castle Greythetaskull. I came across a great thread on PMCCs from earlier this year, and most of the users involved are still active. I’m activating the thetasignal in the hopes that some of our heroes will look into the sky and drop a line or two this weekend if they find the *time*. + +Here is the thread: [a discussion on managing PMCCs](https://www.reddit.com/r/thetagang/comments/mlq5q0/pmcc_setup_non_ttmethod/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I’ve read through the comments several times and I regret that I wasn’t a part of the discussion then, and over time, it has gained value. So I’m forced to roll the thread out in time to today to avoid taking a loss. + +u/viciousphilpy I’m calling you out! You talked about a strategy in the comments along these lines: + +You roll out your short options when they are challenged until your long expiration and sell a strike below your long to create a DITM call debit spread, then use the proceeds from the sale to finance a new long option. Doing this several times gives you several short options that profit when the stock price falls. + +I have been looking for good thetagang strategies that efficiently profit from the downside, and I’m really intrigued by this one. What ratio of short spreads to long options would be ideal? I guess it could depend on the long term outlook on the stock. What are the downsides and pitfalls of the strategy? + +I’ve never liked the delta mechanics behind poor man’s covered puts. Could a delta negative calendar spread using calls (like a PMCC, but inverting the delta) be profitable long term with a stock on the decline? + +In another archive, [building a portfolio out with PMCCs](https://www.reddit.com/r/thetagang/comments/n52vu0/building_a_portfolio_out_with_pmccs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) , u/calevonlear mentions selling ATM for PMCCs and rolling to ATM at 21 DTE. I’m attracted to your methods, Mr. Von Lear, but I’m a little cautious. I’ve been selling weeklies for PMCCs and I’ve just had to roll out to September on a low-IV stock. It seems like there would be a lot of management in that strategy, and it could get away from you quickly. For those thetagangers selling calls ATM, could you share some experiences and give us insight on why you choose ATM instead of OTM? Do you still sell ATM if it is below your cost basis? + +Thanks for all the info you have already enlightened us with. +While real estate investments or buying more VOO are obvious answers, I’m thinking of consumption and lifestyle category items. I can think of: + +1. High end cars - market might finally settle down a bit. +2. Second/vacation homes come to mind. I’ll be in the market to buy a condo in SF proper if there’s a significant RE correction. +3. Massage chair - I was able to buy a high end massage chair for 70% off during the last recession at a liquidation sale. +4. ?? + +//I’m hoping the post is taken in the right spirit and does not come across as taking advantage of businesses or people impacted negatively by the recession. +I know a lot of us are getting tired of getting rugged, asking "Wen Moon" in all chat, losing money on other shitcoins. + +I always ask to myself, is there any low marketcap coins that I can invest without worrying its performance for days to come and with a valid use-case? + +But then I stumble upon a token that reignite my passion and determination of hodling for weeks and months to come. + +I'm about to introduce to you a 3-week old project with a lot of potential in upcoming days for you to buy without hesitation. + +&#x200B; + +🪐 INTRODUCING..... 🪐 + +💫 **SafeGalaxy Your Biggest Intergalactic Static Liquidity Protocol 💫** + +&#x200B; + +💫 *About the SafeGalaxy 💫* + +Awesome team of devs from USA and Canada. + +Weekly AMA with the devs to show your support and ask questions regarding SafeGalaxy, they are doxxed too. + +GalaxySwap in development where it work exactly as PancakeSwap with LP to stake and forget! + +Airdrop of Galaxia, the new coin for staking in GalaxySwap so you can grow more SafeGalaxy over time. + +Growing community of 50k holders which are very helpful in Telegram and Discord + +There are a lot of room to grow in few weeks and months. + +Listed in CoinTiger and SWFT, CoinMarketCap and CoinGecko is still pending (you are not late!) + +[https://coinmarketcap.com/currencies/safegalaxy/](https://coinmarketcap.com/currencies/safegalaxy/) (not fully listed) + +&#x200B; + +💫 *\*Tokenomics\** 💫 + +Every transaction takes a 10% fee. + +5% reward to holders + +5% locked to LP + +All Liquidity Will Be Locked For 5 Years. + +&#x200B; + +✨ Charts: [https://goswappcharts.web.app/?isbsc=true&tokenId=0x6b51231c43B1604815313801dB5E9E614914d6e4](https://goswappcharts.web.app/?isbsc=true&tokenId=0x6b51231c43B1604815313801dB5E9E614914d6e4) ✨ + +✨ [https://poocoin.app/tokens/0x6b51231c43B1604815313801dB5E9E614914d6e4](https://poocoin.app/tokens/0x6b51231c43B1604815313801dB5E9E614914d6e4) ✨ + +✨ BscScan: [https://bscscan.com/token/0x6b51231c43b1604815313801db5e9e614914d6e4](https://bscscan.com/token/0x6b51231c43b1604815313801db5e9e614914d6e4) ✨ + +✨ Proof of Liquidity Lock: [https://dxsale.app/app/pages/dxlockview?id=75&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=75&add=0&type=lpdefi&chain=BSC) ✨ + +✨ Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6b51231c43B1604815313801dB5E9E614914d6e4](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6b51231c43B1604815313801dB5E9E614914d6e4) ✨ + +&#x200B; + +✨ Website: [https://www.safegalaxy.net/](https://www.safegalaxy.net/) ✨ + +✨Twitter: [https://twitter.com/SafeGalaxyToken](https://twitter.com/SafeGalaxyToken) ✨ + +✨Discord: [https://discord.gg/bFwfUdRFZj](https://discord.gg/bFwfUdRFZj) ✨ + +✨Reddit: [https://www.reddit.com/r/SafeGalaxy/](https://www.reddit.com/r/SafeGalaxy/) ✨ +I have a credit card that gives me 1.5% cash back on purchases. Since I’m the primary resident in my apartment, I’m the one who pays the full balance of rent/utilities, while my roommates Venmo their share to me every month. Does paying the rent/utilities through the CC make sense for that additional cash back? It would account for about 75% of my credit utilization, but I would pay off the balance the next day to guarantee I never max it out. I understand credit scores take utilization into account but I don’t know how much it would impact my score. Current credit score is around 730 + +EDIT: a lot of you are commenting about a potential fee on the landlord side. I checked the website FAQs and it says credit cards are accepted and there is no fee +Last November I thought I was getting a great deal by buying a pass from 24 fitness from Costco. Of course, I did not anticipate a pandemic that would close gyms. I had gotten a good 5 months of use out of the pass, and I figured I was just out of luck. + +Last week I figured, what the heck, maybe I'll see if they can prorate the pass given that the gyms are closed. The CS person was super nice, said he would forward on the request and it shouldn't be a problem. Today I got a credit for the full amount. + +Could not believe it. Costco is awesome. I feel bad about the time I got to use the pass being refunded, but really grateful that they stood by their refund policy. + +edit: thanks for the gold! Also thanks everyone for the great suggestions for other things to buy at Costco. Appliances, tires, and all sorts of things that I might have bought on Amazon are going in the Costco bucket now. +If you aren't in the market for a house, then your credit score is pretty irrelevant in terms of your overall financial picture. Putting a rotating charge like Netflix on a card is more than enough to get your score up to a level where there isn't a whole lot left to be gained in real terms. That's really all the thought that needs to be put into it. You can spend all year worrying about your credit score and learning all the stupid little games to try and squeeze out a few extra points, but at the end of the day, that's not going to stop you from being poor and living paycheck to paycheck if you aren't building wealth, and it won't allow you to retire a day sooner. Hell, if you aren't focusing on saving money, then you're never going to be able to handle a down payment for a house. In which case, your credit score will never really be useful to you, and all that research and work will have been for practically nothing. + +Worry about your net worth first. Your savings rate is infinitely more important than your credit score when it comes to this. If you take care of your net worth, then there will come a day when your credit score could be 0 for all you care (assuming you aren't interested in real estate investing), because you'll be able to afford to buy things instead of being forced to finance them. + +We live in a consumerist culture, and the truth is that a lot of the reason we put so much emphasis on credit scores as a society is because of advertising and really dumb conventional wisdom that encourages people to continually be financing things they can't afford, and it's promoted primarily by lenders trying to get rich off your paycheck. Most peoples focus is always on just balancing their monthly budget, but that's unsustainable, because you can't work forever. For all you know, these are the highest earning years of your life, and if all you worry about is your credit and keeping up with payments, you're squandering it. If you want to get ahead, you have to break away from that mentality and be different. +Hi guys, I’m just rent my property to two new tenants, both of them are paying me all cash every month. Around 7k monthly that I have to deposit in the bank. Sometimes it’s all 20bills, and bank ask for my ID every time I deposit. Would that be an issue long term? + +Does anyone have similar issue? +Is anyone else concerned about this? They are migrating from UK to Hungary, Ireland or Luxembourg: [https://ibkr.info/node/3515](https://web.archive.org/web/20201003222439/https://ibkr.info/node/3515) + +Main reason I used IB was safety/regulation. After this migration **we lose FSCS & SIPC protection**, compensation will be the same as e.g. DeGiro or Trading 212 (20k EUR), for me there is no point to stay on IB any longer as I much prefer Trading 212's modern platform. What are your thoughts? + +>In 2018 IBKR established Interactive Brokers Luxembourg SARL (“**IBLUX**”) which received regulatory authorization in November 2019. In addition, we are in the process of creating two additional brokers based in the European Union: Interactive Brokers Ireland Limited (“**IBIE**”) and Interactive Brokers Central Europe Befektetési ZRt (“**IBCE**”). +> +>We expect the majority of the clients based in Western Europe will be migrated to **IBIE**, those in Central and Eastern Europe to **IBCE** and a select group of clients to **IBLUX**. +> +>Currently, provided they meet eligibility requirements, **IBUK** clients may be protected in relation to investment services under the UK Financial Services Compensation Scheme (“UK FSCS”) at an amount of **up to £50,000**. As IBUK clients are carried by our US broker, IBL, the securities segment of their account may be eligible for insurance by the Securities Investor Protection Corporation (“SIPC”) at an amount of **up to USD 500,000**. +> +>**Under the EU Brokers IBLUX, IBIE and IBCE eligible claimants may be entitled to claim compensation up to a maximum of EUR 20,000.** + +Later update - currently for IBUK, the protection amount depends on what you are trading with: + +* If you trade with forex, CFDs, non-US stock index options or futures, you are protected by the FSCS, up to £85,000. +* If you trade with stocks, bonds, funds or US stock index options, you are protected by the US investor protection, i.e. $500,000, with a cash limit of $250,000. +Last Friday was a **historic** moment in the history of Wall Street. A bunch of Asperger's, WoW playing, poor "kids" managed to cause an epic squeeze in $GME. Make no mistake you have the attention of the big boys NOW. + +&nbsp; + +Now an absolute giant in the hedge fund world has gotten in, and it is against WSB. Ken Griffin (he has a camera in his office that shows his luxury car collection in the garage) may not be a name you know, but he is a HUGE name in the hedge and quant fund world. After today and likely tomorrow, he is at risk of losing 2 Billion plus in his fund. I repeat he will NOT let this happen. + +&nbsp; + +These are the type of guys who do insider trading for fun at their country club. They front run clients, put out fake news stories, have direct links to the SEC board, and would literally murder everyone in here to increase their personal wealth. + +&nbsp; + + +**What to expect from them next:** + + +1. Convince (strongarm) the SEC to completely HALT trading on GME. They will make up a bullshit excuse, and force the exchange to stop allowing trades on the stock. + +2. Hire big name attorneys, and force reddit to shut down WSB +3. Pressure $GME executives to issue NEW shares at this price, and bail the shorts out. This is pretty easy for them to do. You have to understand almost all the people at this level of wealth know each other. Its a small club. + +&nbsp; + + + +**What can you do to stop this:** + +1. Bring attention to their tactics via going to the media (Twitter, NYT, Senator Elizabeth Warren or the like) + +2. File SEC complaints that show that NAKED short selling is happening on GME, and is creating an actual organic move. There are more shares SHORT than their are FLOAT (traded in every day trading). This means if they covered their shorts they would have to buy every single share outstanding, and another 30% that are not actively traded. + + +&nbsp; + + +&nbsp; + +Disclaimer: IANAL or Financial Advisor. I am not pushing a stock or suggesting people buy into a certain stock. I do not own $GME in my portfolio. +edit 11: u/miniouse adds an additional $1 milly. u/Heirophyn throws in half a GME share. u/fazeeeeeeee throws in an additional $500k. **Current offering is now $10,000,000 and a half share of $GME!** + +edit 10: u/mrSixpence throws in an additional $250k. ~~Current offering is now $8,500,000.~~ + +edit 9: u/LordFluffyJr throws in $250k. u/Brownie3245 throws in another $800k. ~~Current offering is now $8,250,000.~~ + +edit 8: u/blackflag1981 also throws in another $500k. \~\~Current offering is now $7,200,000.\~\~u/Catch\_0x16 throws in $500k for a separate but similar video (so I won't add it to the total) while u/blackflag1981 also wants to throw down $500k for Steve Asssphinctersayswhat Cohen. + +edit 6: u/tirwander throws in another $200k. ~~Current offering is now $6,700,000~~ + +edit 5: u/Devilswings5 and u/erthbndmsft also throw in 1 milly each. ~~Current offering is now $6,500,000~~ + +edit 4: u/eeksy and u/tricky4444 also add 1 milly each. ~~Current offering is now $4,500,000~~ + +edit 3: u/DrunkSpartan15 adds another 500k. ~~Current offering is now $2,500,000~~ + +edit 2: u/okfornothing adds another 1 milly. ~~Current offering is $2,000,000~~ + +I want to see ***GENUINE*** quality footage with decent audio. I want to see the look on his face. I want to hear him scream. + +In the case that multiple sources appear, I will award the source who provides the best quality footage. + +edit 7: If the source is a Main Stream Media outlet, then the offer is voided. The source must be a SINGLE INDIVIDUAL who is not affiliated with any Main Stream Media outlets. + +Do not harass this lowlife scum, he's not worth it. Just get the money shot when the time comes, and then get paid. + +Edit 1: wow that blew up. Can I get a flair update while I'm blowing up? I'm not a whitty ape so surprise me with whatever is good! Ideas: + +1. Kenny & friends | cell mates 2021 +2. I like u/CalKhal's creation: balLSDeep +3. balLSDeep in Gamestop +4. balLSDeep in Kenny's shorts +I was reading [this](https://www.reddit.com/r/Autisticats/comments/p9rija/gamestop_lay_back_enjoy_the_show/) wonderful post on [Loan-only Credit Default Swaps](https://www.investopedia.com/terms/l/loan-credit-default-swap.asp) and how a [credit-event](https://www.investopedia.com/terms/credit-event.asp) involving [Europcar Mobility Group S.A.](https://www.creditfixings.com/CreditEventAuctions/holdings.jsp?auctionId=9169) may have been what caused the sneeze in January. + +Upon further research I see that IHS Markit are the leading institution that handles the swaps market. + +[https://ihsmarkit.com/products/markit-cdx.html](https://ihsmarkit.com/products/markit-cdx.html) + +They manage Credit Default Swap indices such as the CDX. (Could this be the 'meme stock' swap basket?) + +According to their site: + +> The indices roll semi-annually in March and September. Credit events that trigger settlement for individual components include bankruptcy and failure to pay, wherein credit events are settled via auctions. + +So these CDS index's rollover and the securities inside are restructured every 6 months during March and September. + +Their [news page](https://www.markit.com/NewsInformation/GetNews/CDX) lists a few PDF's that show the Index Rollover Dates - + +March - + +[March 10th.. sound familiar?](https://preview.redd.it/0pxj1czbm6m71.png?width=753&format=png&auto=webp&s=d82519e9d1d00ea0725f41126398edaaac87cb8f) + +So just at first glance we can see on March 10th they released their list of additions and removals from the index. I imagine this is akin to a restructure of securities, something like what an ETF would do. Apes will remember March 10th because it was the day when GME ran to 350 before being shorted down 170 moments later. + +https://preview.redd.it/8ui55cfan6m71.png?width=347&format=png&auto=webp&s=9d839bbf0dd0839f3e3a6f4b8a72423dbfe0b9ed + +September - + +https://preview.redd.it/1obpqhdpn6m71.png?width=764&format=png&auto=webp&s=03005fdc12d47fd66aa7c2105ac5105ad2ed4b9b + +The next rollover dates show that the same index restructuring from March is occurring again on September 8th. + +&#x200B; + +Correlation does not equal causation, but considering we know GME is being abused by Credit Default Swaps, and high volatility was present during the last rollover date, we may see another price run tomorrow. + +P.S. I'm smooth-brain and have no clue what I'm doing. I'm not a financial advisor, I just like the stock. hedgies r fuk + +TL;DR + +We're back at March 10th, a credit default swap index is being restructured again and so we may see increased volatility tomorrow. +There’s nothing more crushing than seeing others hanging up lights, putting up stockings and their Christmas tree, buying and wrapping Christmas presents, buying and cooking all of these nice meals, and everything else that normal people do around the holidays... knowing that you can't do those things... knowing that you're already behind on bills and rent will be due again right after Christmas... knowing that you can't give your family and friends what they deserve... knowing that it's just another stressful season. Oh, and I forgot to mention, if you don't have kids you can't get assistance with gifts, because apparently adults don't deserve a good Christmas. + +Oh, well, maybe next year... + +(Reposted from last year since so many people related to it. I wanted everybody who's joined since to see it and know they're not alone if they feel this way. If reposts are not allowed I'll delete) +This question is inspired by these news articles: + +* [KFC and Pizza Hut owner and Heineken pause business in Russia](https://www.theguardian.com/world/2022/mar/09/mothercare-and-owner-of-kfc-pause-business-in-russia-yum) +* [McDonald's To Temporarily Close Restaurants & Pause Operations in Russia](https://corporate.mcdonalds.com/corpmcd/en-us/our-stories/article/ourstories.Russia-update.html) +* [IKEA pauses operations in Russia and Belarus](https://about.ikea.com/en/newsroom/2022/03/03/ikea-pauses-operations-in-russia-and-belarus) + +How do companies pay to "pause business in Russia"? I mean, they still own the locations, and may even still be paying staff, yet are not making money because sales are paused. Does insurance cover this (I thought insurance doesn't normally cover war)? + +Also, why does it make financial sense to for businesses to pay an ongoing cost to "pause business in Russia" instead of selling off their assets in Russia and pulling out of Russia altogether, because who knows how long this war will last? + +**Edit #1**: I don't mean to offend the Russian people, who are inconvenienced by companies pulling out of Russia, and are not at fault for this. + +**Edit #2**: If you are interested in what this looks like from a Russian civilian POV, check out these videos: + +* [My Last Big Mac Meal | McDonald's Leaving Russia](https://www.youtube.com/watch?v=ktX8SR55siM) +* [Foreign Stores Leaving Russian Shopping Malls](https://www.youtube.com/watch?v=jqgrdYnxWzw) +I'm a 30 year old scientist who previously posted on here. You all helped me out a lot, thank you again. + +One thing I still have an issue with is that I still push myself to work hard at work when all I want is to be FI and quit. Does anyone else have this problem? I work as a scientist in industry and there are always projects about that I can jump on to help out and I always seem to jump on too many things and feel burned out. I have no idea why I do this to myself. I have other interests outside work but then feel too burned out to work on them and hate myself. + +Any help? Any book recommendations? + +Edit: You all have done it again. This is an amazing community. Thank you for all of the insight. It is very helpful. +Just read that AT&T is planning on cutting their dividend to reflect a smaller size once this merger is complete; but haven’t seen anything else regarding potential amount, etc. + +As T holders (myself included) does that worry you; or do you see the potential cut as a way for them to reinvest in the new potential for greater growth? + +Down on my T but WAY up on dividends over the years; wondering if that will be the time to reposition. +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! + +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! + +Literally all it takes is a basic understanding of economics and finance to realize how much hedge funds get away with robbing our people blind. AND ALL YOU HAVE TO GIVE US IS A FUCKING REPORT??? + +ARE YOU PEOPLE EVEN AMERICANS? WHAT THE FUCK IS WRONG WITH YOU MR. GENSLER? HOW DO YOU NOT HAVE THE OVERWHELMING URGE TO THROW THESE PEOPLE BEHIND BARS WITH THE MOUNTAINS OF EVIDENCE WE HAVE COLLECTED? + +Fuck the U.S. financial system. The impending collapse is the fault of the SEC, CFTC, DTCC, every banker fuck boy, and every single person who works at a terrorist hedge fund. Fuck all of you. I will make sure that the money I make from the squeeze will do nothing to help you. Instead I will burn through all my tendies to make sure people like you never get to bleed the economy dry ever again. Fuck all of you people. + +&#x200B; + +https://preview.redd.it/19satcre8jn71.png?width=800&format=png&auto=webp&s=643edc85be52ccc183aabaf7c78c3ef726a8bc2f +Long story, been working IT for a company for about 2.5 years now. Currently working at the same rate they brought me in at. At the time, it was a very competitive salary for what I was doing, however, now with all the extra responsibility I've received, I think it's time that I make quite a bit more. + +&#x200B; + +The reason I started thinking about this is because they brought in another IT guy (pretty different from what I do, think end user support vs. Asset management), but his pay was SIGNIFICANTLY higher than mine. Even weirder, I reported to this guy's BOSS, so technically I was higher level than him but still made the same amount as when I came in. + +&#x200B; + +I've received good sized lump-bonuses every year while working here, but never received a permanent wage increase. I've recently moved around business lines, gotten a slight promotion with a hefty amount of responsibility, and have been doing pretty well at it for the better part of a year now. Now I think it's time to schedule a meeting with my boss and discuss a pay raise. + +&#x200B; + +I'm getting a solid list of items together such as my new responsibilities, the competitive asset management salaries around the area, etc. Just looking for pointers such as: + +\- What else should I have prepared other than general reasons I think I should get a raise? + +\- Based on my time with the company and the recent promotion, how much % increase should I request? + +\- Any tips on the meeting with my boss? + +&#x200B; + +Any info would be incredibly appreciated. Really hoping to get a pay increase so I can afford a new place with my gf. Thanks so much for anything you guys can offer! + +&#x200B; + +EDIT: Just wanted to say thanks so much for all the help here!!! Literally never had so many replies on a reddit post before, this is BEYOND helpful. + + \- also: Sorry for the confusion, I meant to say I report to the past guy's boss's boss, meaning I'm at the same level as the new guy's boss. +In the past year US market outperformed (by far) pretty much everything else, including the Japanese Nikkei, the Korean KOSPI, and the EU (DAX, etc). + +Comparing, for example, NASDAQ vs. KOSPI performance year-to-day the former is up 25% while the latter is actually down 0.5%. + +S&P500 vs. DAX - the former is up 27%, the latter is up only 5%. + +S&P500 vs. Nikkei225 - 27% vs. 5%. + +It may be partially explained by higher inflation in the US, but that can't be all. There must be other factors. Ideas? + +As a side note, KOSPI is down while everything else is at least somewhat up, so what's wrong with the Korean market? +I self manage and have sent him the rental ledger showing a pay period where rent was missed, it's because he pays not as consistent as he should, as in rents could span from 5- 9 days apart sometimes and this as equalled a missed rent. + +He has sent me screenshots of a few of his payments around that time and said he's definitely paid it. +all of these were already accounted for in the ledger., And hasn't responded to my last msg a week ago. + + I don't understand why he is risking the roof over his head, if my landlord accused me of this id want to triple check everything on my end and either send indesputable evidence or send through the missed rent to get it sorted asap. he is already paying $150pw under market value. + +Should I just issue a formal notice to remedy breach now or wait out for a response? +The sheer volume of red tape associated with programs like EBT and medicaid is mind boggling. I had some life changing events happen over the summer and as a result, of course, I'm in financial straits again. + +I haven't qualified for foodstamps for a long time. My household was right in that sweet spot of too much gross income to qualify so every last red cent after bills went into groceries. We lived paycheck to paycheck with no hope of saving and no luxuries like vacations and only absolutely needed expenses. + +I'm used to living like this. I think a vast swath of people my age are as well, I know everyone here knows what I'm talking about. And now we're down to one income. It took two months (others gracefully lent a hand to feed the boys) before I felt emotionally ready for this wonderful welfare roller coaster so many believe the poor take joy in riding. + +I applied mid August. It's taken up until today to gather all the needed documentation. Part of that was switching the electricity into my name to prove I pay utilities. The very last bit of info I needed was a bill for electricity. I go to the office to pick one up, since everything is pay-as-you-go and paperless now. + +My account is too new to have generated a bill. So she gives a membership to the coop document. Seriously? I've given you people $175 dollars over the course of almost three weeks and you can't even print out a paper saying I've paid you!? + +Nope, sure can't. Have a nice day. + +So I take this to the local foodstamp office and drop it in the box. My money (that doesn't exist) says that it won't be accepted. I need to call and speak with them to get an extension on my case until the electricity people decide to create a statement. + +I have to be at work in ten minutes, the wait time is 62 minutes to speak to a rep. + +FML. I'm so close to calling it quits and raiding food pantries to keep us fed instead. The issue with that is around here, most food pantries require either a foodstamp card or proof of income. + +So more documentation either way I go. A few check stubs sounds much easier though. I do like to sleep on my days off, since I don't get to during the work week but I don't have that luxury either I guess. + +Edit: Stop telling me it's on purpose. I know it's on purpose. I wouldn't be doing this if I didn't need to. This is a vent. I know why they do it, I didn't ask why. I know. Please stop. This is mostly about not being able to get a paper saying I pay for electricity. I understand why the system treats the poor the way they do. + +Glorious additional update that is life changing for the good: + +My boss just formally offered me a better paying position tonight! A few kinks need to be ironed out but in the near future, I'm trying out for a position that will hopefully have me back at what I lost! Back to the sweet spot but better than feeling like shit for being on the draw! +The original post was under a throwaway, but everyone was so nice and had such great advice! I didn't want to post that I got it until it got closer and I had officially signed paperwork because I was afraid I would jinx it haha! + + +I had said that I have been a stay at home mom for years and was so worried my lack of work history would hurt my chances but the interview went really well and they hired me within a couple weeks! I have to wait until late Jan to start because they hire in batches and have a class that about 8 of us will start in. It's only a call center job for pet insurance but the company actually is really great and has great benefits and work/life balance. + + +It's work from home indefinitely but when it is safe, we have to go back to the brick and mortar center. However, they still let you work from home on Mondays and Fridays! So I am excited about that. This will be the most money we (husband and I) have made since having kids. We have been on assistance (food stamps and medicaid) ever since shortly after they were born and my husband lost his second job. I am so excited to move on from that and hopefully save some money. + + +Thank you again everyone for your advice and support! +If you're an OG ape, you clearly have seen and read all the DDs signalling that a market crash is coming. Several experts such as Dr. Michael J. Burry, Warren Buffet, Ray Dalio and Jeremy Grantham warned us of an inflated market and that the bubble might pop sooner than later. + +Such experts look at different indicators to have a clear vision of how healthy our markets really are. + +Those indicators can be : + +* **Brisk debt / GDP** +* **M2 money supply** +* **PMI Stage V Recovery** + +Here is what the **M2 money supply** chart looks like : + +[M2 steadily increasing since Covid-19](https://preview.redd.it/2tvrtkbfkzi71.jpg?width=780&format=pjpg&auto=webp&s=659941510f3d53a545b486f58d1fb1f3ab53eff8) + +Smaller investors may look at different indicators such as : + +* A *lot* of stimulus checks being given by the government +* Oreos releasing a cookie with more stuffing + +Here is the latest Oreo with more stuffing, re-released in 2021 by popular demand (🌈🐻 much?) : + +[Now this is stuf racing](https://preview.redd.it/iapq6kxllzi71.jpg?width=2400&format=pjpg&auto=webp&s=bb4bfefe4b28bf2ed87e9c9395045ff3182c9b81) + +Ape investors like myself use an indicator that is not widely spread. I can't think of a better indicator to signal that a market crash is imminent. It is a pleasure to share it with the shrewdness. 🦍 + +I present to you...\*drum roll\*... + +**Soybean Oil Futures!** + +The gigantic crash of '08 could have been predicted with this indicator. People weren't able to look at the right place. + +Soybean oil futures chart : + +[Do you smell something funky?](https://preview.redd.it/pjwzqsyimzi71.jpg?width=2373&format=pjpg&auto=webp&s=5ffce7ab30dc3ce9d311bfaa7b667229646f9f18) + +So the price of these futures spiked up from 2007 to 2008 before rapidly crashing down to '04 levels. Since the second half of 2020 up to today, futures have mooned again to '08 levels. + +**MARKET CRASH IS COMING. LOOK AT THE SOYBEAN OIL FUTURES!** + +**Market crash = MOASS** + +Thanks for reading! + +See you all on Moonday 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\*\*\*Edit\*\*\* + +I did not see his post, but u/Smokypro7 found the indicator first and posted about it. Credit given where credit is due. Go give him some love! +Hi r/personalfinance! I volunteer regularly at an animal shelter where I help socialize cats to prepare them for adoption. There is one that has kind of grabbed my heart and I am at least partially serious about adopting her. What is holding me back is the financial side of pet ownership. Currently my only pets are some succulents /s + +Here is some of my basic info: + + - 22F + + - Current full time college student, graduating in December with a BSN in nursing + + - Current savings are a little over $1500 + + - Currently working a part time job as a home health caregiver, earning about $200-400 a month, but I could increase that potentially to $400-500 if I picked up more hours and watched less Netflix. + + - Current monthly spending is usually $50-100 in miscellaneous things such as toiletries and meals with friends. I am relatively frugal! + +Initial fees for the cat would be a $40 adoption and a $400 deposit at my current apartment ($200 refundable on move out) plus food and litter supplies (estimating ? $120 right out, monthly will be less). I might be able to get the pet deposit waived by my MHNP that I see for anxiety and get the cat classified as an emotional support animal. The cat would already be spayed, with shots, and microchipped. My parents will be paying my rent and providing my food money until December, where I will move in with them while I study for my boards. When work starts (timeline estimates mid february) I will move in cities to live with my long term significant other. + +I'm a full time student, but I could definitely pick up more hours. I really haven't been saving for anything in particular other than my first month of rent/food for when I move to my new city (rent/bills will be ~$750). Eventually I will need to get a new car, but that can definitely wait until my big girl money comes in. + +My question is: do you think I can afford to adopt a cat? How much do you spend a month on your cat? Is there a certain amount I should save first? + +I appreciate all advice! I also posted this on r/cats + +Edited to correct some numbers + +Edit 2: y'all are so supportive! You have definitely given me a lot to think about. I live out of state from this particular shelter, but I am going back this week to visit my parents during my short summer break. If she is there, I will see if I can adopt her! Also thank you for the gold! That's a first! + +Edit 3: to those of you offering donations, I so appreciate it!! I had no idea reddit was this kind. I do have a PayPal account for those that wish to contribute. + + +Thank you so much to everyone! If the adoption is successful, I'll report back with photos! + + +Edit: I adopted her! I'll post an update with the breakdown of my first month of expenses in the next few weeks! Thank you all so much for your help! +Having a debate with a friend , my question is - + +"If I own all available shares of a company , could the share price change the following days if no shares are traded? " + +meaning, no shares are being bought because I am not selling any of my shares + +to me, share price shouldn't change because the share price is determined by the last price someone bought / sold a share for . if im not selling any of my shares , and i own ALL shares available for the company, should the share price remain the same until a transaction occurs ? +Hey guys, I've always had this question ever since adopting the value investing mindset: how does passive investing make sense? We define passive investing as DCAing into a low cost cap-weighted index fund such as SPY and VOO. This is considered to be the magic formula these days, and everyone recommends it (including Buffet). However, if you look at it from a value investing standpoint, it doesn't make a whole lotta sense to me. For argument's sake we'll look at SP 500. A lot of companies in the SP 500 are over-priced, such as Tesla (and even GME was in the SP 500 at some point I think). I would never invest in such over-priced companies, so why would I invest in SP 500? Is it simply due to the simplicity, diversification and the emotion independence? Another interesting perspective is the SP 500 is sort of a buy high sell low scheme. Companies enter the SP 500 when its valuation is high and leaves once it's beaten down - again makes no sense from a value perspective. + +Then on the other hand, passive investing is proven to work and even fund managers have a hard time beating the market... + +I'm seeing a lot of contradictions here, can anyone shed some light? +***\*Check out my financial models used to reach these valuations in the original post*** [***here***](https://utradea.com/positions/Why-M-stock-has-strong-upside-potential--A-Fundamental-Analysis)***\**** + +*Company Overview:* + +$MMM – 3M Inc. is a global, diversified technology company that operates in the following businesses: Safety/Industrial, Transportation/Electronics, Health Care, and Consumer. 3M develops their products in -house, and thus has an unusually high product development, and research and development costs. + +3M operates in 4 main business segments, which include: Safety/Industrial, Transportation/Electronics, Health Care, and Consumer. These business segments appear on some of their quarterly and annual financial reports, and their performance in each of these segments will be discussed later. + +***Investment Information:*** + +*Recent SEC Filings:* + +In this section, I will summarize 3M’s most recent SEC filings to help you get an idea of what is currently going on in their business. + +· SpinCo Merger (Reverse Morris Trust Transaction) 8-K Report: + +o On December 13th, 2021, 3M sold one of their subsidiary companies (“SpinCo. Corp.”) to Neogen (one of their subsidiary companies “Nova RMT Sub Inc.) + +o 3M’s SpinCo is a food safety business, and the transaction implies that it is worth $5.3B (USD). 3M will retain 50.1% of the SpinCo subsidiary, and Neogen will assume the other 49.9% stake in the subsidiary. + +o This transaction “Reverse Morris” allows for a tax-free transfer of the SpinCO subsidiary, which is beneficial for both parties involved. + +· Q3 2021 Financial Report: + +o $8.9B in sales (7.1% YoY increase) + +o $2.45 Earnings per Share + +o Free Cash Flow of $1.5B (decreased by 29% YoY) + +o $1.4B in dividends distributed, and shares repurchased. + +o Updated guidance for sales growth by 2%, and decreased their EPS guidance by $0.20/share + +· Departure, Election, or Appointment of Officers (8-K): + +o On October 15th, 2021, 3M appointed Eric Hammes as the Executive VP and Chief Country Governance Officer. Eric joined 3M in 1997 and has held several leadership positions in the finance, accounting, manufacturing, and supply chain segments of 3M’s business. + +*Competitors:* + +In order to undergo the comparable analysis, we need to get an idea of their closest competitors. These competitors must operate in the same space, operate in similar geographies, be of similar market cap, and have valid financial ratios. Using this criterion, I cam up with the following. + +· **$HON – Honeywell International:** Honeywell International.is a diversified technology and manufacturing company. Its Aerospace segment offers several electronics, software, physical parts, and power units to their clientele in the aviation business. Honeywell’s Building Technologies segment offers applications software, switches, and electronics that assist in the building and construction industries. Its Performance Materials and Technologies segment offers automation control, software services; catalysts and adsorbents, equipment; bullet-resistant armor, nylon, and computer chips. The company's Safety and Productivity Solutions segment provides personal protection equipment, apparel; cloud-based notification/emergency messaging; software solutions; and custom-engineered sensors. + +· **$GE – General Electric:** General Electric operates as a high-tech industrial company. The company's Power segment offers gas turbines for utilities, power producers, and industrial applications; steam power technology (boilers, generators etc.); and reactor technologies. This segment services may industries, such as marine, oil and gas, mining, rail, metals, test systems, and water. GE’s Renewable Energy segment provides various solutions for onshore and offshore wind, blades, hydro, storage, solar, and grid solutions, and hybrid renewables. The company's Aviation segment designs/produces commercial and military aircraft engines, integrated engine components, electric power, and mechanical aircraft systems; and provides aftermarket services. Its Healthcare segment develops, manufactures, markets, and services various medical devices and software. The company's Capital segment offers aviation leasing and financing and working capital services; financial solutions and underwriting capabilities; and insurance products. + +· **$EMR – Emerson Electric:** Emerson Electric Co. manufactures technology/engineering products for industrial, commercial, and consumer markets worldwide. The Automation Solutions segment offers measurement and analytical instrumentation, industrial valves and equipment, and process control software and systems. It serves the oil and gas, refining, chemicals, power generation, life sciences, food and beverage, automotive, pulp and paper, metals and mining, and municipal water supplies markets. The Commercial & Residential Solutions segment offers residential and commercial heating and air conditioning products, monitoring equipment and electronic controls for gas and electric heating systems. + +· **$PH – Parker-Hannifin:** Parker-Hannifin Corporation manufactures sells motion and control technologies and systems for various mobile, industrial, and aerospace markets worldwide. The Company's Diversified Industrial segment offers sealing, shielding, thermal products. Filters, control solutions, and electromechanical components. Its Aerospace Systems segment offers products for use in commercial and military airframe and engine programs, fuel systems and components, pilot controls, and wheels/brakes. + +*Financial Information:* + +· **Yearly Financial Performance (Good):** In 2020, 3M’s net sales essentially remained constant, however, they were able to decrease their operating expense by 3.6%, which helped to contribute to a higher operating income and a higher operating margin. Additionally, 3M was able to increase their net income in 2020 by 18% which is very high, and their EPS ended the year at $9.32 (up from 2019’s EPS of $7.92). + +· **Yearly Financial Performance (Bad):** In 2020, 3M’s Transportation and Electronic segment’s revenues decreased by 8% and represents their only declining segment. However, within these segments the Abrasives, Advanced Materials, Aerospace, and Oral Care performed the worst, declining 15%, 17%, 16%, and 19% respectively. + +· **Q3 2021 Financial Performance (Good):** In Q3 2021, 3M increased their net income by 0.3%, which might not sound good, however, considering 3M’s operating income decreased in this time period any increase in net income is great. Furthermore, 3M was able to keep their EPS (basic and diluted) constant during this time, which is again good considering their decline in operating income. + +· **Q3 2021 Financial Performance (Bad):** In Q3 2021, 3M increased their net sales by 7% YoY, now you may be wondering “how is this bad”? Well, during this same period, 3M increased their operating expenses by 11%, which contributes to a lower operating margin. This can be seen by their YoY decline in operating income of 6% + +· **Share Repurchasing:** In the first 3 quarters of 2021 (Jan 1 – September 30th), 3M reported repurchasing 6,675,484 at an average cost basis of $190.88/share (totalling $1.27B worth of shares repurchased). This would have increased the value of existing shares by approximately 1.2%, which is a great sign for longer term investors. + +***Investment Valuation:*** + +*Comparable Analyses: (Spreadsheet found at the end of this analysis)* + +By comparing 3M’s financial ratios to that of their publicly listed competition (listed above in the “competitors” section) I found the following: + +*PE Ratio:* + +Based off of 3M’s Price to Earnings Ratio in comparison to their competitors, $MMM should be valued at $232.72/share, which would imply a share price increase of 29%. This is a little high, so I decided to take another comparable. + +*P/B Ratio:* + +3M’s P/B ratio (compared to their counterparts) indicates that their fair value is $143.52/share, which would translate into a downside risk of 20%. This is a little low and contradicts the results achieved via the P/E comparable. + +*EV/Revenue Ratio:* + +3M’s EV/Revenue ratio indicates that their fair value is $174.82/share, which would translate into a small downside of 3%. This is the most realistic estimate of the 3 comparable analyses, however I decided to take the average of the three comparable analyses to have one comparable price target. + +*Comparable Valuation:* + +Based off of the above comparable analyses, I landed on one final (comparable) valuation of $183.69/share, which would imply an increase of 2%. This indicates that 3M is very close to their fair value. + +*DCF: (Visualization found at the end of this analysis)* + +By inputting the necessary data into my DCF model, it arrived at a fair valuation of $MMM stock of $205/share, which implies a potential upside to this investment of 14%. This is pretty close to the result as achieved in my comparable valuation, which indicates that 3M is sitting at/around their fair value and has a little bit of room to run up. + +*Dividend Discount Model: (Visual at the end of this analysis)* + +My dividend discount model uses the current annual dividend amount in combination with 3M’s average annual dividend growth (over the past 4 years), and their WACC (as found in the DCF model). By using these metrics, I was able to find 3M’s fair value to be $203/share, which implies an upside of 13%. Once again this is very close to their current fair value, which indicates that 3M is a decent buy. + +*Overall Valuation:* + +In order to provide simplicity, I wanted to come to one final, all-encompassing valuation for the $MMM stock. I did this through taking the average valuation of the Average Comparable, the DCF, and the Dividend Discount Model. By doing this I arrived at a price target for the $MMM stock of $197/share, which implies an upside of 9.5%. + +***Investment Plan:*** + +My plan for an investment in the $MMM stock would go as follows: + +· Enter into a position below the fair value, preferably at/below $180/share. + +· Hold long-term (with dividend re-investment) + +· Re-evaluate the position as new data is released (especially the 10-Q (quarterly) and 10-K (annual) reports). + +***Risks:*** + +· **Financial Performance:** In 2020, and Q3 2021, there were a few concerning metrics that arose from their financial statements. These include their cost of good sold out-pacing their revenue growth (means margins are shrinking). If these trends continue, it could invalidate my DCF model, and their fair value would be lower than I estimated. + +***Catalysts:*** + +· **Financial Performance:** In 2020 and Q3 of 2021, 3M reported decent earnings, but there are still areas to improve upon in order to attract more investors, and potentially increase the share price. Firstly, their net income has been steadily increasing (which is good), despite their operating income either increasing or decreasing. If they can find a way to keep their operating income to consistently grow,, translating in higher increases in their net incomes this would be good. + +· **Share Repurchasing:** Over the past couple of years, 3M has been repurchasing more shares than they have been issuing. This is a very good trend for investors to note, as every year their shares represent a larger stake in their company. These repurchases help investors to return more on their invested capital +Hey. Something I think about often. + +You find a great business trading at a cheap price. Everything is good. Let's even pretend that objectively this is a great investment. You need other people to recognise this fact. If they don't, the money won't flow into said investment, creating unbalanced demand and driving valuation higher. + +Interested to know how people look at this. I get the sense Soros plays the game in such a way where fundamentals are quite unimportant, behaviour and perception of the herd is. + +Any thoughts? +Dear community, + +Many of you know or remember me, especially recently since the MtGox bankruptcy has been allegedly linked with Bitcoin price drops in December 2017 to February 2018. Since taking over the most active Bitcoin exchange in 2011, I ran MtGox until filing for civil rehabilitation on February 28th 2014 (which became bankruptcy less than 2 months later) because a large amount of Bitcoins went missing. Since then, four years have passed, and MtGox is still in bankruptcy today. I’ve been arrested, released under bail after a little less than one year, and am now trying to assist MtGox getting into civil rehabilitation. + +I did my best trying to grow the ecosystem by running the biggest exchange at the time. It had big problems but still managed to hang in there. For a while. A quite long while, even, while the rest of the ecosystem caught up. At the end of the day, the methods I chose to try to get MtGox out of its trouble ended up being insufficient, insufficiently executed, or plain wrong. + +I know I didn't handle the last, stressful days of the outdrawn and painful Gox collapse very well. I can only be humble about that in hindsight. Once again, I’m sorry. + +Japanese bankruptcy law has a particularly nasty outcome here, and I want to address this up front. As creditors claims were registered, those claims were registered in the valuation of Japanese Yen on the bankruptcy date. That's the only way Japanese bankruptcy law can work (most bankruptcy laws around the world operate this way for that matter). This means that the claims can be paid back in full, and there will still be over 160,000 bitcoin and bitcoin cash in assets in the Gox estate. The way bankruptcy law works is that if there are any assets remaining after the creditors have been paid in full, then those assets are distributed to shareholders as part of the liquidation. + +That's the only way any bankruptcy law can reasonably work. And yet, in this case, it produces an egregiously distasteful outcome in that the shareholders of MtGox would walk away with the value of over 160,000 bitcoin as a result of what happened. + +I don't want this. I don't want this billion dollars. From day one I never expected to receive anything from this bankruptcy. The fact that today this is a possibility is an aberration and I believe it is my responsibility to make sure it doesn’t happen. One of the ways to do this would be civil rehabilitation, and as it seems most creditors agree with this, I am doing my best to help make it happen. I do not want to become instantly rich. I do not ask for forgiveness. I just want to see this end as soon as possible with everyone receiving their share of what they had on MtGox so everyone, myself included, can get some closure. + +I’m an engineer at heart. I want to build things. I like seeing what I build being useful, and people being happy using what I build. My drive, from day one, has been to push the limits of what is technically possible, and this is the main reason I liked and have been involved with Bitcoin in the first place. When I took over MtGox, I never imagined things would end this way and I am forever sorry for everything that’s taken place and all the effect it had on everyone involved. + +Hopefully, I can make what I’ve learned in this experience useful to the community as a whole, so there can at least be something positive in the end. + +Ask me anything you like. + +**EDIT**: With this coming to r/all there have been an overwhelming number of messages, questions etc. I will continue responding for a little while but probably won't be able to respond to new questions (it is starting to be late here and I've been spending the last few hours typing). Thank you very much to everyone. +One of the main reasons why stocks fail to reflect the economic conditions experienced by most of us is the increase in stock buybacks. Companies often push up stocks in partial and arguable ways to increase the value of their management stock options by buying shares on the open market. + +The 2018 tax cuts initiated by Trump led to inflows of company cash, which is usually used to buy back shares. Therefore, there is no connection with the economy, but cash is swaying in the company's warehouse. + +The market is often seen as a rational indicator of the current and future economy. President Trump often brags about his success as a proof of economic strength. But this idea that the market is an indicator of the future and is closely linked to the real economy is a myth in most cases. The market is usually very irrational, otherwise we would not collapse. + +The market needs a stimulus plan. The current COVID-19 uncertainty and stimulus measures, and because high-tech companies are very likely to have false hopes, stock prices are soaring. The stock market is often completely wrong. This is based on the economic conditions of the pandemic, so there is a historical, huge new layer of uncertainty. +My wife and I have always planned on paying for our children's education. My daughter, however, recently decided that she wants to study film starting next fall. + +College expenses are going to fall around 60-70k over the course of 4 years. I honestly feel like I'm going to be throwing my money out the window. I've tried talking to her about how she'll have an extremely hard time getting employed, but it's impossible to not come off as an asshole. I also think my daughter figures that we'll simply take care of her if it doesn't work out. As if she's immune to not having a successful life. + +It's pretty clear to both my wife and my daughter that I'm close to putting my foot down. I never thought I would be the parent to do something like this... but a *film* degree? I'm not going to force her to be a scientist or engineer or something, but almost anything else would be better. + +I've talked to my wife about this and she's actually disgusted with me. She's made it clear that she would be livid if I refused to front the money for our daughter's education. + +Not sure what to do. Although we can afford it, 60k isn't exactly pocket change to us and I don't want it to go to waste. Has anyone else been in this position before? + +**Edit 1** - No, my wife didn't kill me. I made this post, went to bed, and now I'm at work. I appreciate all the replies and I'll try to respond when I get home! + +**Edit 3** - To clarify a few things: My wife has equal say in this decision and she's simply upset that we're not on the same page. We obviously don't want to move forward without reaching an agreement. And no, we're not going to have a divorce over this. Also, my wife and I have yet to discuss college expenses with our daughter, so we have never promised her anything. It's just something that we'd really like to do. + +**Edit 2** - Thank you everyone for your input. I will need a bit to digest all this information and hopefully I can reach a practical solution. +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Folks, Ethereum had a huge surge this year, and the mainstream is watching and waiting. Devcon3 is for the devs more than the spectators. It's transitioned a great deal since Devcon1. Now, it is more about what IS being built, and less what "might be" built. It's more sophisticated now. Deeper. More matured. It's phenomenal if you care about the investment more than the day to day trade. It's less a showy playground for spectating day traders and more detail oriented presentation of realized developer visions and expectations. It's exactly what you want to see if you're in this for year+ because Devcon3 demonstrates very clearly that no other blockchain effort comes close to size and synergy of the Ethereum developer community. + +Look around the blockchain space. Take a close look. Look at their community (tens of thousands for Ethereum). Their leaders. Their vision for the future. Their application to real world needs and services. Their transparency and communication. Look at their history of deliverables. Their network of both public and private sector players. Big players. If you open your eyes and look, you'll see that Ethereum is THE gold standard. It is the Enterprise leader and the most sophisticated and rapidly developing public chain that's ever existed. Ethereum is it. It will be the first broadly adopted Web3 platform. As an investor, not day trader, I sleep really fucking soundly. I'll sell my ETH when that momentum changes. It's not a religion for me. But as it stands now, I don't see a reason to sell for at least a year or two, certainly not before Casper and Sharding, which will be a game changer for all industry. Stop complaining about day to day nonsense. Day traders will lose their money unless their exceptionally lucky. Think as an investor, not day trader, and your chances of long term success and gains are far better. +I am 23 and just got my first full time job making 60k a year. I have no debts at this time. I have a 401k with a match and a Roth. I am opening an account with a financial firm (I am blanking on the type of account but I will be able to pull money out whenever but will obviously have to pay capital gains tax) I have really aggressive financial goals which include paying cash for my first house and also retiring between 35-40. Everyone I tell this to says it is impossible. Are these goals out of reach? +This is going to be a very short post. I just needed to say this, because I see a lot of folks discourage using a credit card the way I do. + +Every now and then, my wife and I have a big purchase to make. We do have the cash in the bank to do it, but we always call up one of our credit cards, ask for a 0 percent promo, and use the 12 month term (usually it's that length) to pay it off throughout the year. + +No interest paid, and I get to stay more liquid. Ohh and rewards points! + +I've gotten chewed up on this sub for doing that, but it's worked for me numerous times. We trust ourselves to pay it. + +That is all. +I (21F) stupidly got an apartment with my brother (21M) and it’s quickly falling apart. We signed the lease in July and it’s been burning a massive hole in my pocket ever since. The apartment is $1000 a month ($500 each). I make about $1700 a month and my brother (used to) make around the same. + +I have been saving and making sure I have enough money for rent each month, but my brother has not done the same. When rent for September was due, my brother told me he was about $100 short, so I paid it. I told him he would need to pay me back and be smarter with his money. + +Rent for October was due a few days ago. I go to pay the money and ask him to put money in the account to pay. That’s when he tells me he lost his job 2 weeks and has $35 in his account. I had to pay $1000 by myself. I’ve always known my brother is irresponsible but I thought he’d grown. + +I’m honestly thinking of saving up to cancel the lease. It’d be around ($2400) It’s hard because we have two cats and I would have to rehome them. I just can’t see a way out of the this. My brother has offered to pay all of the rent for next month but all faith in him is lost. + +Any advice? I feel like I’m stuck. +I am 32/Canadian and had a very high paying career that had a short shelf life. +During my high producing years I wanted to move out of Canada to another country where I could save as much as I could for my future because I knew my income would not last forever. + +"Abroad" was a weird term form me. Despite being Canadian and having lived most of my adult years in Canada I felt like everywhere was abroad for me. + + I was born in one of the poorest countries of Europe and lived there until I was 17 years old. The country has come a long way today but when I go back I never fit in. I definitely feel more connected with Canada than the country I was born in. + +I think a big reason why I focused so hard on work was to never get back to the level of poverty I grew up as a child. Think of North Korea and Venezuela in one combo. + In 1997 there was a complete lock down due to civil war and my family was lucky enough to survive because we had a vegetable garden and chickens. If you left your home you could be shot/robbed or worse be killed from stepping on a mine. The city was covered in them. + +The other reason was that women got treated like second class citizens where I was born and my childhood was a living hell where I wasn't even allowed to walk on the street alone (even after they took out the mines), talk to members of the opposite sex or have any friends. Dating was not a concept and if they know you are "dating" you have to immediately get engaged and then married and have children or else you are a "whore". + +I always had a bubbly personality when I was young, I liked to act, dance, and really liked learning. I was also interested in entrepreneurship and got a full scholarship at York University to study business but to my parents a woman is not suited for business and they pushed me to study molecular biology instead. I hated my University years. I battled depression and never really saw a future for myself with biology. + +I ran away from home at 19 and asked my local university what help was there for someone like me that wanted to start a business. To my surprise they were very helpful and told me about grants and loans I could apply to get started. +My first business was face painting and entertainment for children's birthday parties and events. +I remember I got a $5000 loan and it seemed like so much money at the time. It helped me buy my first car and get started. I grew my business from just me to having 10 employees, having permanent booths in theme parks and festivals in Canada. +It was hard work but I loved it. +During the time I was still in university and most of my work was summer/weekends so it worked out ok. + +I remember I was growing more and more fed up with my studies and walked out of my last exam with a smile feeling absolute freedom. I never finished my degree and I was so ok with it even if I was one exam away from graduation. +I didn't care about the crazy amounts of student loans I had accumulated. All I wanted was to grow my business and make money. It gave me that thrill that sitting in a lab using a microscope never did. + +One day I became curious about online streaming and after having a few drinks with a friend I made an application on a popular site (at the time). +The site was more like webcamming but you were allowed to do whatever you wanted on cam as long as there was no guys. + +I didn't think much of it because I was doing well with my other business. +At the time I had a rocky relationship with an ex bf and decided maybe going online and flirting with men would make me feel better about my break up. Then saw this email about the site I had previously applied had accepted my application. + +I did my first stream completely clothed, having fun and chatting with people. I made $4.00 usd which was shit but I had so much fun doing it so I started researching the industry more. +After a few more streams I decided this had a potential to be something big and I decided to make a business plan and focus on it entirely. I was constantly doing 10-12h on cam and loved to come up with new creative ideas to entertain people. + +I went from making $4.00 my first day to making just shy off a million dollars a year. +The money was not the focus but being the best at what I did was. + +During my high earning years I knew I had to save and plan for my future. Most of the other performers would have one good month making $150,000 then disappear and not be relevant again. I don't know how I managed to last in the industry for over 8 years, but I am greatful that my hard work was combined with luck and being at the right place/right time. + +I moved to Mexico when I was 26 years old. + +My life in Mexico was great the first two years. I was dating someone that was super supportive with my work schedule. It was the honeymoon phase. We would always eat out and enjoy nice places and expensive travel. I was always frugal with everything else but vacations and experiences. +Looking back my mistake was that I paid for everything and my bf at the time felt used to this cushy life that ended up expecting it. He was bad with managing money too and had a lot of debt which stupiditly I ended up paying off. + +During this time I had bought various income properties in central Mexico (in a retirement village) and the agreement was that since I was making more money with my online business which required long hours on cam, my ex was supposed to take care of property management. At first he was engaged then ended up not so pationate about it. I felt used and underappreciated. + +When I realized all this I was pregnant with our child. He told me he was unhappy living in a retirement village and wanted to move to a bigger city in Mexico. I told him we could try it out because it would offer more opportunities for our child as well. +That's where things went downhill. He constantly ignored me and refused to help with chores in the house. I had a high risk pregnacy so I couldn't do much myself either. + +After a few months he ended up cheating and experienced a mental break down, trying to commit suicide. +I was crushed. I didn't know what happened and despite my efforts to send him to get the best medical help in the country he never was the same. +I really wanted to help him get back on his feet again because I thought we were a team for life. I was wrong. + + He ended up leaving the country one day when my son was only a few months old and has not been back in over 3 years. I have never heard back from him and I don't know if he's dead or alive. + +I was crushed and myself experienced a complete burn out from work/personal loss at the time. Physically I became ill too and dropped down up 42 kg. +I knew I had to do something about it because I had a son to take care of. + +Looking back at it now it was an amazing opportunity for me to realize there was more to life than work. It helped me realize that I should have not provided everything just because I loved someone but let them provide and create on their own. If they refused I had to know they were using me as a wallet and to not get involved. + +RETIREMENT + +It's been one full year since I have been completely off work. It happened in 2020 out of all years. Before I tried to work on and off but my love for my job wasn't the same. + +I can say I feel much less stressed than I did years ago. My health is better and my sleep schedule is so much better than it was before. + +For the first time I now feel more Integrated in Mexico and I don't think I am missing out much not living in Canada. + +Where I live it's safe, it has a high quality of life and there's a lot of international business around. Not that I want to open a new business here but I think it's important to be surrounded by other people that have seen more of the world and are also successful. + +On top of that I have always felt like a hybrid of many cultures and being surrounded by people that have moved around the world means that we get to be hybrids together and they understand me better than say someone that lived in Canada/USA all their lives and never left the country. + +Mexico has many bad things as well but no county is perfect. Choosing the right location to live in Mexico is very important to not be affected a lot by the bad things. + +The pace of life is also much more calmer than in Canada and the US. This can be bad if you want to start a business here but it's a good place to be during retirement. + +Also people are a lot less "offended" from things and I find it's easier to make friends than it was in Canada. My general perception of Canada was that people in Canada are very helpful to strangers but much colder if you want to have a meaningful friendship. Of course there are exceptions but that was my experience. + +One thing I did not like about the western culture is the victim mentality that the youth of today are embracing. +If they can't get something they usually blame the government for not doing enough for them. + +Some women blame men for "the patriarchy" and some Canadians blame foreigners because 'they took away their cheap homes and they can't afford real estate' + +Having lived in a real "shit hole" country where women get treated like crap I want to remind you that Canada and the US are the land of opportunities compared to most of the world. + + Success is not guaranteed for anyone but all the information is free in English for you to look up and use it to your advantage. You don't even have to learn a second language to access it. + +Being a woman or a minority gives you the same legal rights as everyone else if not more sometimes. +I don't think most western feminists know what it's like to live in a muslim country. + +My point is: Westerners are not grateful enough for what they have. + +Complaining is human nature so of course it happens in Mexico but the majority know that their government won't do shit for them and they focus on what they can do as an individual. This can be bad too wich is reflected in the general sentiment Mexicans have for public property but that's another problem I won't get into. + +Overall i am happy where I have come in my journey. I know I haven't got it all figured out despite having a 4.5 million net worth I don't feel complete being 100% retired. + +I am currently building real estate in Mexico, investing in stocks and excercising to keep me busy. + +After things open up I will travel more but the urge to have everything figured out which I experienced immediately once I stopped working is less. + +Also: It's lonely at the top: + +I like to think of myself as an easy and approachable person, however I think having a different upbringing and dedicating and reaching high levels of financial success at a very young age, makes relating to most people not as easy. +I think humans form stronger bonds when they share and solve similar problems together. That's why I lurk in this forum from time to time. It makes me realize at the end of the day I'm not alone. + +A lot of the questions that get asked here on a daily basis are questions that I ask myself all the time. + + The funny part is that no one has the answers, I don't either and the more I live the more I realize that the answers don't matter. + + The only realisation I have so far is: + +The key to being rich is living in the moment, enjoying the company of your loved ones and being greatful for what you have. + +Don't let your brain trick you into overthinking and stay away from the compulsion to use fatFIRE calculators all the time. + +Just get out for a walk instead and leave your phone at home. +We could be hit by a car tomorrow and none of that shit matters as much as you think. + +Edit: since many have asked the country was Albania. +I responded here how I ended up in Canada: + +https://www.reddit.com/r/fatFIRE/comments/lh30x8/my_expat_fatfire_journey_abroad_long/gmwn401?utm_medium=android_app&utm_source=share&context=3 +From [the article](https://www.cnbc.com/2021/12/10/consumer-price-index-november-2021.html): + +> The consumer price index, which measures the cost of a wide-ranging basket of goods and services, rose 0.8% for the month, good for a 6.8% pace on a year over year basis and the fastest rate since June 1982. + +> Excluding food and energy prices, so-called core CPI was up 0.5% for the month and 4.9% from a year ago, which itself was the sharpest pickup since mid-1991. + +Shelter costs came in at +3.8%: + +> Shelter costs, which comprise about one-third of the CPI, increased 3.8% on the year, the highest since 2007 as the housing crisis accelerated. + +An interesting observation was made in [this comment](https://www.reddit.com/r/Economics/comments/rd8rjn/inflation_surged_68_even_more_than_expected_in/hnzk9o9/) about this: + +> It’s wild to consider the math here. 1/3 of the formula came in at 3.8% and the other factors still lifted this equation to 6.8%. + +> The reporting on the 3.8% for shelter may raise eyebrows, but independent of disputing the data the raw math on this is shocking. + +The US is not alone in dealing with inflation, for example Canada reported 3 weeks ago an [annual inflation rate of 4.7%, the highest in 18 years](https://www.westerlynews.ca/news/canadas-consumer-price-index-makes-largest-year-over-year-leap-in-18-years/). +Is this a dumb strategy? I'm a bit ignorant of finance. But really tired of paying so much to someone else's equity. I just want my own place. + +I work remotely so I can go wherever. Currently I earn $125k before taxes but don't have much savings due to extended education and bad spending habits (edit - my spending habits aren't the main issue here, what I meant is I was a professional student with low stipend, below poverty level, who ate out a lot and had a dog with $$$ medical issues, he's dead now, I'm not compulsive shopping or anything like that). The city I live in, studios end up being about $2k+ for a decent situation. I'd rather not live in a tiny/dark apartment (minimum $1500ish for worst studios) because I work from home so I'm there the vast majority of the time. + + I could go live in remote Alaska rent free (gorgeous comfortable house and location) and work remotely and save as much as possible for a while (nothing to spend it on...), then return to the big city to purchase a home in a year. I have lots of airline miles so I could visit the big city every once in a while. I grew up in Alaska and visit from time to time so I know what I'd be getting into. Would look forward to the nature time. + +Alternatively, I enjoy my work but could potentially jump to $180k if I went to a different company. That company would also let me work from Alaska - in fact the founder has been "joking" about doing the same thing for years. I feel bad bailing on my projects because they help lots of people. I've only been there less than a year and am leading a big project and sharing lead on multiple others. I already told my job I needed a raise to $140 but they only raised me to $125. I believe I am being underpaid for my market value. My niche skills are in high demand. I am recruited on LinkedIn about once a week. Should I focus on getting a higher paid position and stay in the expensive city? Get it and save in Alaska for a bit anyway? + +(Btw I do have retirement accounts and am working with two different financial advisors for investing whatever money I have) +https://imgur.com/a/mFx6bsZ + +Your account would literally be credited if you were to buy a contract + +edit: -$11 now https://i.imgur.com/5XsDtoD.png + +-$40 https://i.imgur.com/xpIQidO.png +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! + +A year and half ago, I was driving down the empty street of Toronto, the city was under complete lock down. I remember looking at the 60 Cents per litre price tag on gas stations, me and my wife had a good chuckle. I asked her then, "Do you really think that we are going to have this price for gas for the next few years? There is NO way" + +Now it does seem like an easy question, this morning the price was 1.46/L and radio says its going up another cent tonight. But then, why didn't I hold my oil stocks, which would have a gain from last year and half of at least $500k even if I sold earlier this year, that's not even counting the current run up. + +The simple truth is, buying the dip is hard for new investors. I am not talking about 10% or 20% dip, I am talking about major big ass dip that give you heart attacks. Sure, it's easy to look back at any major market crash and say "I should have just held it, it's no brainer". Like the famous saying, Be Greedy when Others are Fearful. But in the midst of a crisis, the stress can easily get to you. + +Back to this oil crash example. There were suddenly ZERO articles recommending buying oil and gas companies, global storages were getting full, oil dipped below $0 for the first time in history. The big buzz was renewable energy going to emerge from this pandemic, oil is dead forever. Some trolling analysts were giving $10 per share price target for Exxon Mobile. You start to doubt yourself, what if I am wrong? The deep red in your portfolio is constantly taunting you, suddenly the pain is too much to bare. + +But here is what I've learned from this important experience, and I truly believe it will benefit me more in the coming years in investing. + +1. If the fundamental of your thesis haven't changed, then stay strong. Buying dips on crap companies won't work. But if the investment fundamental hasn't changed or even improved, then the stocks will always recover. +2. There will ALWAYS be counter arguments to your investment plan. Listen to them, but don't fall to fear. In march 2020, people said oil is dead and renewable energy is the future. This popular belief were overwhelming, but logically, there is just no way in hell oil and gas can be replaced within a few short years. +3. Control your own exposure to your portfolio. If you are worried all the time, don't look at your portfolio. Set a rule, that you can only look at it once a week, for example. If you don't, the stress will get to you and you can make poor decisions. +4. You WILL go into red. It's statistically very unlikely you can time the bottom. That means when you buy dips, you will most certainly go into red for a period of time. However, if the price is worth it and you can handle the stress, it's more rewarding than buying when stock is recovering. Peter Lynch said, it's often too late to buy when market sentiment change for the positive. And this was demonstrated very well by the V shaped recovery last year. + +I am sharing this, hopefully to give you some insight if you are new to investing. Buying big dips is not for the faint of heart, but it's extremely rewarding. For every crisis there is almost certainly an opportunity. I have since learned from my mistake, and have being rewarded handsomely. +THIRD QUARTER OVERVIEW + +- Net sales were $1.297 billion for the quarter, compared to $1.005 billion in the prior year’s third quarter. + + +- Sales attributable to new and expanded brand relationships, such as Samsung, LG, Razer, Vizio and others, contributed to the Company's growth in the quarter. + + +- Inventory was $1.141 billion at the close of the quarter, compared to $861 million at the close of the prior year’s third quarter, reflecting the Company’s focus on front-loading investments in inventory to meet increased customer demand and mitigate supply chain issues. + + +- Ended the period with cash and cash equivalents of $1.413 billion as well as no debt other than a $46.2 million low-interest, unsecured term loan associated with the French government’s response to COVID-19. + + +- Established new offices in Seattle, Washington and Boston, Massachusetts, which are technology hubs with established talent markets. + + +- Secured a new $500 million ABL facility, which closed in November just after the end of the third quarter, with improved liquidity and terms, including reduced borrowing costs, lighter covenants and additional flexibility. + + +https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-financial-results-q3-2021 +The markets are already down over 2500 points (BSE) about 10 mins after opening. + +Combine with 3000 points in red the day before, what with the DJIA losing approx 10% at the previous close. + +2700 points now, and gonna drop below 30k. + + +Investors, watch out. +Risk averse people, sell, cover your losses if you need the cash immediately. +If not, hold on. Good days will be back. + + +3100 points down now! (9.20am). + + + +NIFTY hits circuit breaker guys. it's WATCH WATCH WATCH now! + + + +Market reopened. IT'S A FREEFALL GUYS! Not long till BSE goes below 29k today. + + +Apparently, profits bookings are elevating the markets right now.. + + +A fair bit of stability in the market now as of 1100 IST. + +The are ups and downs and it shall go on. + +Manipulations - no one can rule that out, but at the moment it seems the market is buoyed by buys from investors and institutions. + +A lot will change through the day though, the prices early during the day for a lot of stocks were crazy good, and we have no clue to gauge whether the market rises or falls come Monday. it will resonate with how the Dow behaves later today, so we shall keep an eye on that as well. + + +At close of day today expect the market to be in the red. How much so is anyone's guess, but it's Bulls vs Bears for now and that's gonna be interesting. +Sitting here watching the 1m candles, and I've noticed today that prices aren't running... they are jumping. + +Whether it's up or down, the price is gapping to new prices instead of being bought in to it. + +https://imgur.com/0JkXzvD + +You can see the huge ~$1 gaps in either direction on the 1m. + +There's no shares to fill in-between the prices. We're about to see some craziness... +I know about the COL in some countries (Thailand, Indonesia, Spain, etc.), but not all of them have retirement visas and the one that do seems to be complicated and very bureaucratic. + +E.g. for Indonesia, one of the requirement is to provide lease agreement (if you are renting) and a copy of the landlord identity card (KTP). But no Indonesian landlord will rent if I don’t have the retirement visa yet. So it’s a catch-22. + +So I am looking at *real-world* experiences of obtaining those visa, up to where you actually move to such country. + +I am NOT looking for information about: + +- dual citizen. E.g. you have UK and US citizenship, lived in US and retired in UK - hence no visa needed. + +- living in x country for y months, move out and come back to get a visa “renewal”. +# Coin of the Week! Or Month Whatever! + +**Vote for your favorite coin!** + +**I'm reposting this from yesterday because the poll got removed for it's title.** + +once in a while ill post a Poll like this to see the Favorite Coin of the sub right now. + +Vote for the coin of the day in the Poll below, ill gather the most "hyped" coins from the Daily Discussion of the day and will list them in the Poll. + +the Winner coin will be pronounced **Coin Of The Week of Feb Week 2** 🥇. + +if there's a coin that you like and isn't listed in the poll feel free to put him in the comment section, the maximum amount of options per poll is 6. + +[The Last winner](https://www.reddit.com/r/CryptoCurrency/comments/ksetg6/jan_7_vote_for_the_coin_of_the_day_whos_gonna_win/) was **Bitcoin** with 6.2K votes! 🎉🎉🎉 + +Bitcoin won the Coin of day in Jan 7! + +&#x200B; + +https://preview.redd.it/hnqw8pv9pug61.jpg?width=400&format=pjpg&auto=webp&s=41559616b86f82d91d35f17585b6642bfbcb3d36 + +Let's see who will win this round! + +With all the newcomers I'm sure we can break the record of votes, last time there was 19,179 Votes in total! + +Edit: +wow 👏 there were so many votes this round! +We are currently at 48K votes! + +Seems like Ada is winning this week! And moon is being favored by our moon whales 🐋 + +Thank you all for your input, next week ill open up another poll with least popular coins that didnt appear this week. + +Took some out of your comments here: + +Nano + +Vechain + +Grt + +Iota + +Algo + +*one More Place* + + +Everyone that asking why coin X not in the poll it's because i can only put 6 options max. + +Will see you next week! + +[View Poll](https://www.reddit.com/poll/lhkrie) +Original post: https://reddit.com/r/UKPersonalFinance/comments/p3lec4/i_am_paying_51_a_month_for_water_to_thames_water/ + +I called Thames Water again to ask for my tariff to be changed to the AHC. I talked to the agent and explained to them the contradictory responses that I was getting from Thames Water and that I believe they should change my tariff, since they themselves said that they cannot install the meter. The agent kept repeating over and over that they basically stand for what they have said before. I asked for the matter to be escalated to a manager if possible, all the while remaining polite, and he said it was OK but that I would probably get the same answer. He said able to get a call next few days from manager. + +After that I followed your advice and went to the ombudsman website, But they said they cannot help with utility companies. However, they have a link to CC Water, and I called them instead. + +CC Water basically told me to write a formal complaint email to Thames Water explaining everything and how I felt as well call my while also letting them know that I have contacted CC Water. I did exactly that and added one paragraph where I explain my disappointment in their ethical practices, as they pretty much locked me in that tariff, since no landlord would do any pipe work out of a Thames Water suggestion. + +I got a call two days after that, it was somebody from Thames Water, and they let me know that my email made perfect sense and that I would be immediately changed to the AHC tariff, my bill would change, and I would get the difference back into my bank account. + +Thank you so much for your help, I love you all. My new bill is around £22 a month. This takes a huge load out of my shoulders, so I am very grateful to you all 🙇🏻‍♂️🙇🏻‍♂️🙇🏻‍♂️ +Hi Everyone, + +I'll try to keep this brief since most of you already know what this is all about. And of course, I'm not a financial advisor and nothing you are reading here is financial advice. + +If you do not know what this is all about, your nearest rabbit hole can be found here: [https://www.reddit.com/r/Superstonk/comments/of9pys/google\_consumer\_survey\_followup\_1937\_million/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/of9pys/google_consumer_survey_followup_1937_million/?utm_source=share&utm_medium=web2x&context=3) + +The TL;DR: I used Google Consumer Survey to survey the U.S. population about their GameStop ownership. I used randomized, representative surveying which allows a researcher to extrapolate results to a broad population. In the case of GameStop ownership, this allows us to model some very interesting numbers that are tough to get at otherwise. + +If you have any questions about methodology, sample size, survey biases ... anything along these lines, I invite you to check out this post with extensive discussion about all of these things: [https://www.reddit.com/r/Superstonk/comments/o2cnd4/using\_randomized\_representative\_surveying\_data\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/o2cnd4/using_randomized_representative_surveying_data_to/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Also, to be a transparent in the process as possible, you can look at the results for yourself here.NOTE: There are actually some very interesting tools that allow you to slice and dice the data if you want to know things like ownership by age, gender, etc.: + +[https://surveys.google.com/reporting/question?hl=en-US&survey=sv2uhkuhypyl6olmiokx2zzkma&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=sv2uhkuhypyl6olmiokx2zzkma&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +[https://surveys.google.com/reporting/question?hl=en-US&survey=gei6t23feekehqpuxr5woosr5a&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=gei6t23feekehqpuxr5woosr5a&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +[https://surveys.google.com/reporting/question?hl=en-US&survey=emu6442dcciv66jbwetrmxrea4&question=1&raw=true&transpose=false&tab=chart&synonyms=true](https://surveys.google.com/reporting/question?hl=en-US&survey=emu6442dcciv66jbwetrmxrea4&question=1&raw=true&transpose=false&tab=chart&synonyms=true) + +# So here we go ... + +The big data set of 1,500 has finished! This gives us a whooping total of 2,200 samples for this research across three surveys. **Huge props to the individual who set up and paid for the 1,500 sample size! They wanted to remain anonymous, but they are a massive contributor to our collective search for the truth! Big kudos!** + +Before I start, and since I know this question will come up ... yes, we can combine these three samples so long as we understand they took place during different times (which is important because market dynamics change \[sometimes dramatically\] over time). Furthermore, these samples were collected randomly and from a massive pool (tens of millions), and since a person can't be served the survey more than once in any instance, we can confidently combine these results knowing there's very little, if any, impact on the overall conclusions we can draw from this data. + +So here's how things shook out: + +https://preview.redd.it/p5pu9p9b4ub71.png?width=2684&format=png&auto=webp&s=65ef6e35c93e7170bfc49d49feb91fc4feabcd43 + +So the first thing you're going to notice is the drop. The prior readout came in at 194MM, and this is down to 164MM, a drop of 15%. For this type of research, that's a big number. But the thing two things to consider are this: + +1 -- There is a margin of error in all this ... probably 2-3% based on the current sample size. + +2 -- More importantly, there are market dynamics at play here, which is why I included the charts. + +We must also consider the wider context of this research (in terms of market dynamics), and I think the image below is worth considering. + +https://preview.redd.it/uwdigsr09ub71.png?width=1692&format=png&auto=webp&s=0a4561374a97d4fb0d8906f0d30c852cd1bf2056 + +Certainly there are a lot of diamond-handed apes out there, but there are still market dynamics at play. This was a bearish time to survey, and results bore that out as the % of paperhands increased, ownership % fell, and even avg. shares tanked. + +So I don't think the drop is an indictment of the methodology or the platform. In fact, the drop makes a lot of sense. In other words, imagine if we surveyed again as we come out of this cup that's forming. Of course we'd expect these number to fluctuate up, and it wouldn't be surprising if the increases were tens of millions of shares. + +I think the other thing to consider is the overall economy. The further U.S. retail investors get away from there last big round of stimulus, the more likely people are putting their resources elsewhere, or even selling to cover shortfalls due to inflation, reduced benefits, etc. + +# Something New For This Final Update + +In the past, I have struck strictly to the data in hand. If you've read my earlier posts, you'll see I've deliberately designed this research to be ULTRA conservative. In other words, I intentionally took a "Tip of the Iceberg" approach. I completely remove half of all coupled individuals to ensure shares would never be double counted. I capped the response buckets at 101 shares owned, essentially Thanos snapping every share held beyond 101. I took the most extreme approach I could to support the idea that the extrapolated number would be a bare minimum. + +Well, I'm curious about the total number of shares. I'm done surveying. So now it's time to make same guesstimates and worry less about being conservative, and worry more about trying to come up with a precise figure. + +\*\*\*\*\*\*\*\*\*\*Before the comments flood in, please note that everything beyond this point is based only in part on hard data, but also involves some best guess on my part. If you're not interested in best guess, just stick to the content above because what's below is speculative.\*\*\*\*\*\*\*\*\*\*\*\*\*\* + +**So to come up with this Guesstimate at the total number of GameStop shares in existence, we have to first address two critical biases ... the 101+ penalty and the couple household penalty.** + +Okay, so 101+ and coupled households. If I were trying to be more precise, here's what I'd do with these two. + +First, the 101+ folks: + +https://preview.redd.it/1znujdd5hub71.png?width=1468&format=png&auto=webp&s=d18bfc3033d941e0837dda6de34c27d15e3f5b67 + +Yeah, that's right. The average ... double it! Well, almost. + +This might still be conservative, but it's almost certainly more precise. I mean, think about it ... if I had a room of a 123 random GME holders from all around the U.S., what are the chances of there being being 1 person with oh, I don't know, 4,000 shares? Even this one person showing up half the time would increase this average still a bit further. So there are still some things we just don't know, but we know we don't know them, which is good. So again, I have to cap this (1,000). Conservative? Maybe. Maybe not. It is what it is, and it gives us an average of 64.3 shares to work with. + +For coupled households ... my instincts tells me there are plenty of households were both individuals in the couple own GME. What percent? I don't know, but 20-30% seems reasonable. I also believe there are couples who might respond as if an individual (i.e. a husband answers no because the shares are in his spouse's 401K, or a wife says yes, but responds indicating only the shares in her brokerage account, even though she in and her spouse own shares together in a separate account). There are a lot of different scenarios here, but the model I've been using take the most conservative approach by lopping the coupled households in half. So instead of that draconian of an approach, let's reduce the penalty down to 80% versus the full 100% penalty. + +When we do this, and we use the new average share calculation, we get something like this for our Guesstimate-based U.S. adult population extrapolation: + +https://preview.redd.it/32vvpajojub71.png?width=1390&format=png&auto=webp&s=dba8959ecf8808f877711fb6380aba1fa4306a97 + +And then, we can use the above and start adding in everything else, like foreign retail investors, insiders, institutions, etc. + +https://preview.redd.it/p4pxwgwtjub71.png?width=888&format=png&auto=webp&s=c2b4f1ce035768fc74c64ac43b4152748f9d585f + +**\*\*EDIT (July 19) -- I did just see a Bloomberg terminal readout and it has U.S. ownership at 89%, so the above Non-U.S. Retail number is probably quite a bit larger than it should be. If Bloomberg is accurate, and the above number I'm using for U.S. Retail is accurate, Non-U.S. Retail would probably be closer to 44-45MM, not 84MM. So my revised global total would be closer to 487MM total GME shares worldwide. Still a ton of shares, but to keep myself honest and be as accurate as possible, that Non-U.S. number needs to come down a little. I'm just too lazy to redo the image. \[End Edit\]\*\*** + +So to answer my big, red "Have I missed anything?" question ... there is one bucket totally missing (Family Firms), and also, I have no idea how accurate the Small Institutions number is since they don;t really report anywhere (that I know of). Also, it's always possible for even the big firms to report confidentially. So there that. I'm a little sketchy on the ETF numbers too after watching Charlie's Vids: [https://www.youtube.com/channel/UCIDaSv47u-Y8uXfbkmEGaxw](https://www.youtube.com/channel/UCIDaSv47u-Y8uXfbkmEGaxw) + +What about anything else? Shorts? Options obligations? + +Anyway, 521MM shares of GameStop is my best guess at this moment for universal ownership of $GME. Furthermore, I'm 99.99% certain retail (especially global retail) owns way, way more than what's being reported as the total Outstanding shares of GameStop. It's encouraging that the paper-handing has been so low overall, even during the toughest downturn since March. + +# What do I think this all means? + +For a long time I've stuck to the data and kept my wider opinions to myself. But I'm ready to share what I think this all means, and it means nothing has changed. It means we're looking at the exact same picture we've been looking at all along. So long as retail continues to buy and hodl (even just hodl at this point, although I'm still buying), this is the scene: + +[Running and escaping are not the same thing. There literally is no escape from this based on the fact the market is a zero sum game.](https://preview.redd.it/l4fmos8plub71.jpg?width=512&format=pjpg&auto=webp&s=16ae6a6b43e305bc3b48babc32d1c5b5d58a5387) + +The price of GameStop will continue to rise and fall. But as DFV pointed out, only up. From a TA standpoint, this has been exactly correct. What I see is a stock forming a massive bowl and building a massive amount of energy. A caldera perhaps. + +In my mind, this whole saga can only end in one of a very few ways: + +**A Slow Burn** + +Think Tesla. GameStop keeps getting stronger. The rollercoaster keeps rolling, ever higher highs and higher lows on the monthly. A year or two from now, we're much higher than we are now, and the shorts still haven't closed. + +**A Fast Burn** + +Think Overstock. GameStop initiates some sort of scenario that necessitate a recall, or perhaps a novel dividend scheme that forces shorts, FTDs, and synthetics to all close. The squeeze is squoze in the way many of us envision it, with dramatic increases and rapid liquidations. + +**New DTCC Rules Do Their Thing** + +Slowly then all at once, the dominoes start to fall. Maybe it starts with a family firm, or a small hedge fund. This might play out over days, weeks, or months ... but basically, this would be a cascade of margin calls and liquidations, getting ever larger until the banks can no longer hide it. + +**Federal Indictments** + +We do know there is an SEC investigation, but what if the FBI is already involved. If there is criminal behavior behind all this, there could be a negotiated deal of some sort, particularly if a large market maker is brought down by charges. I'm not sure what precedent exists for this scenario, but court proceedings, etc. would change things dramatically I assume. + +At any rate, I know my strategy. It's to add shares using cash as I can afford them. It's to hodl. It's to shop at GameStop if and when I can. It's to share the GameStop story with whomever might be interested to hear about it. And it's to wait, knowing I'm holding shares of a company that I believe to be undervalued, even without the potential for a squeeze. + +In a nutshell: + +https://preview.redd.it/fzu4gdoxrub71.png?width=3410&format=png&auto=webp&s=8d168081265f58be343d29f9ef66d57fbf801788 +>It has been a [messy week for the stock market](https://www.cnn.com/2020/10/28/business/dow-stock-market-today/index.html). With only [four days to go until Election Day](https://www.cnn.com/2020/10/30/politics/what-matters-october-29/index.html), rising [Covid-19 infections](https://www.cnn.com/world/live-news/coronavirus-pandemic-10-30-20-intl/index.html) and uncertainty about further government stimulus to help the economy, there's plenty for investors to worry about. +> +>Stocks had their worst week since March, when the market tumbled under the first wave of coronavirus infections and lockdowns -- and one of their worst weeks of the year as a whole.All three major indexes also recorded the second straight month of losses.The Dow ([INDU](https://money.cnn.com/data/markets/dow/?source=story_quote_link)) fell 6.5% on the week while the S&P 500 ([SPX](https://money.cnn.com/data/markets/sandp/?source=story_quote_link)), the broadest measure of Wall Street, dropped 5.6%. Though we're not back in lockdown mode yet, some European [countries have tightened restrictions again](https://www.cnn.com/2020/10/29/europe/europe-coronavirus-local-national-lockdown-intl/index.html) to combat a second wave.The Dow closed down 0.6%, or 158 points, on Friday. It was also its worst month of the year since March.The S&P ended the day 1.2% lower.But the tech-heavy Nasdaq Composite ([COMP](https://money.cnn.com/data/markets/nasdaq/?source=story_quote_link)) fared the worst on Friday, as [tech stocks got clobbered](http://www.cnn.com/2020/10/30/investing/premarket-stocks-trading/index.html). Shares of Twitter, for example, closed [down more than 20%](https://www.cnn.com/2020/10/29/tech/twitter-earnings/index.html), following the company's earnings Thursday. Apple ([AAPL](https://money.cnn.com/quote/quote.html?symb=AAPL&source=story_quote_link)) and Amazon ([AMZN](https://money.cnn.com/quote/quote.html?symb=AMZN&source=story_quote_link)) [shares also tumbled](https://www.cnn.com/2020/10/29/tech/apple-fourth-quarter-earnings/index.html) after their[ earnings reports](https://www.cnn.com/2020/10/29/business/amazon-earnings/index.html).The Nasdaq finished down 2.5% on Friday, for a drop of 5.5% on the week. + +&#x200B; + +[https://www.cnn.com/2020/10/30/investing/dow-stock-market-today/index.html](https://www.cnn.com/2020/10/30/investing/dow-stock-market-today/index.html) +Morale is HIGH as FUCK! + + +Bunch of apes are in ZEN mode, who are not are JACKED TO THE TITS. + + +Everybody is HODLING. Everybody is buying the DIP. +There are problems fullfilling orders, because NOBODY fucking sells. + + +We OWN the float. GME is debtless. + + +Superstonk mods are announcing AMA with industry experts. +Congressional hearings soon. Rules approvals soon. Shareholder meetings soon. + + +Bill Gates devorcing his wife, hedge funds selling everything. +Whole Rusell 2000 is like my asshole after bucket of KFC wings - bleeding in pain. + + +GME buy and hold decision is HYPER-rational. + + +GME shorts are now looking in the sky and they see the GIANT FIREBALL approaching to destroy everything they have. They are trying everything they can, but it's INEVITABLE. + + +&#x200B; + +GME holders, friends, you are all GOAT's. + + +Apes, ants , other living human being and apachi helicopters - you are all IMPORTANT. + + +You all matter. YOU are the reason why we are here. + +You are the reason why we moon soon. + +&#x200B; + +HODL, BUY and VOTE. + +&#x200B; + +Love y'all. + + +Cheers! +I will soon be moving to the US for employment purposes and have a question about mutual funds I hold. + +So I recently learned that for US residents (including people who migrate for work), any mutual funds you hold in India is treated as a Passive foreign investment company or PFIC. The IRS really dislikes these PFICs and can even tax you on unrealized gains which is insane. Additionally you would also be taxed in India on redemption. As an Indian I have significant investments(50L+) in mutual funds in India which I'm worried would be liable to tax in US. + +A lot of people I've spoken to, who've moved, are not even aware of this rule. Anyone who's been in this position, what did you do with your mutual funds? + +1. Did you redeem it or do you still hold them? +2. If yes, did you have to report them and pay additional tax? Is it easy to file returns on your own or did you have to rely on a tax professional +3. What's the recommended approach going forward? + +I'd hate to redeem my mutual funds in the current market climate. But if that's the only option I'm ready. +At the beginning of the pandemic, I lost my job. I was unemployed for awhile and with no unemployment checks coming in for literal months, I drained a lot of my savings trying to stay afloat. (Those checks did eventually come in, but a mass majority of them went towards paying off debt that I had accumulated to afford the cost of living in the meantime.) + +I job hunted for five months before accepting a position that paid less than my pre-pandemic job(s) did and have been struggling to financially survive this past year in between health issues, my car breaking down and having to buy a new one and paying for some significant repairs to my fiancé’s car as well. We also bought a house right at the start of the pandemic (not knowing how brutal it was all going to be, we had been house hunting for a year prior) and so home repairs were huge hits to the budget as well. In the past month alone, we’ve had to take out a home improvement loan due to finding mold that needs treating and repairing our ceiling from some recent significant water damage. + +I don’t regret taking the job that I did because I absolutely love it and the people that I work for are incredible, but I have had to pick up a lot of side gigs to make ends meet. It’s been tough to be a full time student and working 50+ hours per week just to survive. The pressure has been real. + +Well, after I knew that the contract for my current job would be ending, I started the job hunt again and have been on the hunt for another five or six months now. But I finally got a job offer starting next month that is increasing my income by about 50%. I am over the moon!!! I won’t have to work side gigs to pay bills anymore and paying off our debt and increasing our savings again will again be possible. I am hugely relieved! +I told myself, 'you get 20 minutes to sit on the floor of the shower to cry then get your shit together, there's shit to do'. Because I just spent half the morning researching/debating on the pros and cons of donating plasma for money and searching for a second overnight job on the days I don't have my son to supplement my income. + +Today I feel like a complete and utter failure.. + +Edit: I really didn't expect this kind of response and level of kindness and support. <3 Thank you everyone, I'm still in the process of reading and replying. +My mom constantly uses my SSN to do stupid things that she thinks are helping me out like check my credit or check me in the equifax hack, but I don't want her looking at my credit report or waiving my arbitration rights for me. She is not opening up accounts or racking up debt. Can I report her to the FTC/IRS/IC3 for identity theft that has no actual damages? I just want to get a new SSN. + +This is not a relationships post. That side of the issue is impossible. I need credible reporting threats or preferably, just a new SSN. + +*Edit*: Definitely not a minor. + +*Edit 2*: Thanks for the advice, especially /u/JohnnyBWildered and /u/GaleHarvest. I'll definitely be doing the credit freeze and will figure out what to do on the legal side of things which is complicated by stuff like stupidity/cultural/language barriers, interstate law, etc. At the very least, I'll be asking the police some questions on the non-emergency number to feel it out and find out what resources they have available. + +I have no idea why so many comments assume that I'm just a coward who can't stand up to mommy - the relationship side of the issue is impossible because of the mentioned stupidity/cultural/language barriers and already established no-contact. +Hey everyone, I tried to sell my Subaru 2017 47k base legacy to Carmax in October of 2020 and they offered me $10,500. I tried to sell it privately over that time period with no luck. + +I went back in April of 2021 and they offered me $15,000 and I had an additional 2k miles on the car. The people there claimed there is a capacitor shortage right now which is driving the car costs. + +Figured I’d share this and let people know if they have a car they are planning on selling what they could expect if they take it to Carmax. + +Edit: Bought a brand new Subaru 2021 outback limited (one step under touring) for $37,000 (taxes included) 0% APR over 65 months 2 Saturdays ago. 2% under invoice price. Dealer said they were only getting 60 cars in May. +Peter Lynch as well as Warren Buffett, Li Lu and Charlie Munger all believe that you have to understand exactly what you are investing in. + +But when do you know if you really understand enough? Often it seems at first glance that the business model of a company is quite simple. + +In my opinion, this also has to do with the Dunning-Kruger effect. The less you know, the more you think you know. When you get more involved in the subject matter, you realize how much you don't know. + +Unfortunately, it has already happened to me. I thought I understood a company well. But it was only when I became more intensively involved with the industry, the customers and the suppliers that I realized how little I actually knew..... + +The loss was quickly 40%. Since then, I have always worked with a checklist that covers the most important questions that I ask myself during the analysis process. + +So far I've done a lot better with it..... ↘️ + + [Analyze company ](https://pyrchase.com/unternehmen-richtig-analysieren-und-bewerten/) + +What's your take on this? +Do you also need a checklist? +Do you guys even pay attention to building a deep understanding of your investments? +Mohnish Pobrai for a long time has been highly regarded by the value investing community. As a Buffett disciple, he has been mentioned for years in value communities for his simple “cloning” style and his nice sound bites and quotes. + +However, what he has NOT been known for, is outperformance. I will caveat this with the fact that we can only truly know for sure the performance of his US investments as that is what is required to be reported in 13-F filings. + +According to TipRanks, which tracks investors 13-F filings, Mohnish has returned -58% over the last 10 years and ranks 403 of 462 funds that they track. That’s right, in 10 years since 2012 the S&P gained 212% and Mohnish’s fund is down 58%. For those that will say “he’s a long term investor”, 10 years with over 300% underperformance is plenty of runway, but I have more proof that he is in fact not a long term investor. + +Beyond just his poor performance, let’s look at his track record. + +- BABA - As we know Mohnish is a “cloner”, and followed Charlie Munger into BABA in early 2021. He talked about it in interviews how amazing the business was and how misunderstood Chinese tech companies are. He then rode the stock down over 50% until Q3 2021, when he sold entirely for “tax loss harvesting” and because he claims he likes Tencent better. Taking a 50% haircut in 6 months then selling for tax reasons doesn’t sound like things many “long term investors” I know do. + +- SRG - Mohnish has been proudly pushing Seritage Growth Properties for awhile now saying how deeply undervalued it is. He first bought in Q1 2016, then sold all in Q2 2017…another loss and another short holding period. He then doubled down on SRG again in Q2 2020, again touting how it’s a long term hold…only to sell it again in Q1 2022, this time for a gain but still off from its 2021 highs. He sold claiming that the businesses debt and time it would take the restructure its properties became too complicated, again something I feel a value investor takes into account before buying. + +- EAF - Mohnish made a huge splash buying the little known Graftech (EAF) in Q2 2019. He claimed the small business had a monopoly on its specific process of electric arc furnaces and has the type of competitive advantage he looks for in businesses. Apparently he changed his mind, because only 9 months and 30% down later, he sold his entire position. + +GOOG - Bought and owned GOOG for a few years from 2015-2018, but sold in 2018 and missed a 200%+ run up in the stock + +Mohnish now has been touting his idea that he likes to invest in “spawners”, businesses like Amazon or Google that are massive FCF machines and use that FCF to “spawn” new businesses within them. Interesting that he is currently 100% invested in MU, a business that is clearly not a spawner, and one that he is only up around 30% on over 3 years. + +I’m not the only one who feels this way, his investors do too. His fund has dramatically reduced in size, from $540M AUM in 2013 all the way down to $100M AUM in 2022. Massive reduction caused by both outflows and fund performance. + +I feel that Mohnish says many of the right things and gives value investors a lot of nice simple sound bites about investing, but that in reality he is a fake guru that is great in interviews but not so great at investing. +I’m in my 20s and currently living in Melbourne, and it almost feels impossible to be able to one day afford an ‘inner-city’ house. So just wondering what plans some of you may have to overcome this ‘impossible’ feat. + +Edit: Have just been reading a few comments and I just wanna say… of course I don’t expect my first home to be an inner city house, I’m unfortunately not the son of multi-millionaire parents +Here is the final world incase if you haven't watched the whole three hours. + +Cicilline : Today we had the opportunity to hear from the decision-makers at four of the most powerful companies in the world. This hearing has made one fact clear to me: these companies as they exist today have monopoly power. Some need to be broken up, all need to be properly regulated and held accountable. This subcommittee will next publish a report on the findings of our investigation. We will propose solutions for the problems before us. + + +This begs the question of whats next in Tech. +I got into the market around 2017 with like $300. Since then, it’s built up to about $5k. It was actually closer to around $8k just a few weeks ago, but we all know what happened there. I was I hoping to hold for another 10 years, at least, but medical expenses have left me no choice but to use my crypto. About a year ago, I became disabled by lower back problems and unable to work. I have pretty severe degenerative disc disease in my spine and problems with my SI joints. I already had a surgery in December and have been in physical therapy three times a week for months, which unfortunately did not change much. Now my doctor is recommending I try PRP and stem cell therapy. It’s not guaranteed to work but it might be my only chance. Because the insurance company still sees this as “experimental” I have no choice but to pay out of pocket. Without the crypto, I wouldn’t have the option at all. My savings are completely gone at this point. It sucks to be in this position considering I’m only 38 and just trying to start a new business, have kids, etc, but at least crypto is giving me a chance to get better. I’m extremely thankful for that. I hope the rest of you keep holding for a long time. I would, but I don’t have a choice anymore. I’ll be back in the crypto game as soon as I get the chance. Good luck to the rest of you. Keep holding for me. + +Edit: some internet detectives have determined I’m fake because I said I make $40/hr 3 days ago. That is what I make, when I’m working. I didn’t get fired because I’m injured. And that comment was a joke about moving to Florida to work at a gas station. Name whatever proof you want and I’ll post it. You can call my surgeon for all I care. + +Edit 2: here’s a comment I made 54 days ago about my issues. From [this](https://www.reddit.com/r/dataisbeautiful/comments/mjk21l/my_walking_distance_and_walking_symmetry_since/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) post about the surgery. + +“I just have a breakdown in that joint from a combination of stress and bad genetics. I’m probably going to end up getting the left side done as well soon. by stress I mean stress on the joint through work and athletics, not mental stress.” +"In Amazon’s 1997 letter to shareholders, our first, I talked about our hope to create an “enduring franchise,” one that would reinvent what it means to serve customers by unlocking the internet’s power. I noted that Amazon had grown from having 158 employees to 614, and that we had surpassed 1.5 million customer accounts. We had just gone public at a split-adjusted stock price of $1.50 per share. I wrote that it was Day 1. + +We’ve come a long way since then, and we are working harder than ever to serve and delight customers. Last year, we hired 500,000 employees and now directly employ 1.3 million people around the world. We have more than 200 million Prime members worldwide. More than 1.9 million small and medium-sized businesses sell in our store, and they make up close to 60% of our retail sales. Customers have connected more than 100 million smart home devices to Alexa. Amazon Web Services serves millions of customers and ended 2020 with a $50 billion annualized run rate. In 1997, we hadn’t invented Prime, Marketplace, Alexa, or AWS. They weren’t even ideas then, and none was preordained. We took great risk with each one and put sweat and ingenuity into each one. + +Along the way, we’ve created $1.6 trillion of wealth for shareowners. Who are they? Your Chair is one, and my Amazon shares have made me wealthy. But more than 7/8ths of the shares, representing $1.4 trillion of wealth creation, are owned by others. Who are they? They’re pension funds, universities, and 401(k)s, and they’re Mary and Larry, who sent me this note out of the blue just as I was sitting down to write this shareholder letter: + +I am approached with similar stories all the time. I know people who’ve used their Amazon money for college, for emergencies, for houses, for vacations, to start their own business, for charity – and the list goes on. I’m proud of the wealth we’ve created for shareowners. It’s significant, and it improves their lives. But I also know something else: it’s not the largest part of the value we’ve created. + +### Create More Than You Consume + +If you want to be successful in business (in life, actually), you have to create more than you consume. Your goal should be to create value for everyone you interact with. Any business that doesn’t create value for those it touches, even if it appears successful on the surface, isn’t long for this world. It’s on the way out. + +Remember that stock prices are not about the past. They are a prediction of future cash flows discounted back to the present. The stock market anticipates. I’m going to switch gears for a moment and talk about the past. How much value did we create for shareowners in 2020? This is a relatively easy question to answer because accounting systems are set up to answer it. Our net income in 2020 was $21.3 billion. If, instead of being a publicly traded company with thousands of owners, Amazon were a sole proprietorship with a single owner, that’s how much the owner would have earned in 2020. + +How about employees? This is also a reasonably easy value creation question to answer because we can look at compensation expense. What is an expense for a company is income for employees. In 2020, employees earned $80 billion, plus another $11 billion to include benefits and various payroll taxes, for a total of $91 billion. + +How about third-party sellers? We have an internal team (the Selling Partner Services team) that works to answer that question. They estimate that, in 2020, third-party seller profits from selling on Amazon were between $25 billion and $39 billion, and to be conservative here I’ll go with $25 billion. + +For customers, we have to break it down into consumer customers and AWS customers. + +We’ll do consumers first. We offer low prices, vast selection, and fast delivery, but imagine we ignore all of that for the purpose of this estimate and value only one thing: we save customers time. + +Customers complete 28% of purchases on Amazon in three minutes or less, and half of all purchases are finished in less than 15 minutes. Compare that to the typical shopping trip to a physical store – driving, parking, searching store aisles, waiting in the checkout line, finding your car, and driving home. Research suggests the typical physical store trip takes about an hour. If you assume that a typical Amazon purchase takes 15 minutes and that it saves you a couple of trips to a physical store a week, that’s more than 75 hours a year saved. That’s important. We’re all busy in the early 21st century. + +So that we can get a dollar figure, let’s value the time savings at $10 per hour, which is conservative. Seventy-five hours multiplied by $10 an hour and subtracting the cost of Prime gives you value creation for each Prime member of about $630. We have 200 million Prime members, for a total in 2020 of $126 billion of value creation. + +AWS is challenging to estimate because each customer’s workload is so different, but we’ll do it anyway, acknowledging up front that the error bars are high. Direct cost improvements from operating in the cloud versus on premises vary, but a reasonable estimate is 30%. Across AWS’s entire 2020 revenue of $45 billion, that 30% would imply customer value creation of $19 billion (what would have cost them $64 billion on their own cost $45 billion from AWS). The difficult part of this estimation exercise is that the direct cost reduction is the smallest portion of the customer benefit of moving to the cloud. The bigger benefit is the increased speed of software development – something that can significantly improve the customer’s competitiveness and top line. We have no reasonable way of estimating that portion of customer value except to say that it’s almost certainly larger than the direct cost savings. To be conservative here (and remembering we’re really only trying to get ballpark estimates), I’ll say it’s the same and call AWS customer value creation $38 billion in 2020. + +Adding AWS and consumer together gives us total customer value creation in 2020 of $164 billion. + +Summarizing: +Shareholders      $21B +Employees          $91B +3P Sellers            $25B +Customers           $164B +Total                    $301B + +If each group had an income statement representing their interactions with Amazon, the numbers above would be the “bottom lines” from those income statements. These numbers are part of the reason why people work for us, why sellers sell through us, and why customers buy from us. We create value for them. And this value creation is not a zero-sum game. It is not just moving money from one pocket to another. Draw the box big around all of society, and you’ll find that invention is the root of all real value creation. And value created is best thought of as a metric for innovation. + +Of course, our relationship with these constituencies and the value we create isn’t exclusively dollars and cents. Money doesn’t tell the whole story. Our relationship with shareholders, for example, is relatively simple. They invest and hold shares for a duration of their choosing. We provide direction to shareowners infrequently on matters such as annual meetings and the right process to vote their shares. And even then they can ignore those directions and just skip voting. + +Our relationship with employees is a very different example. We have processes they follow and standards they meet. We require training and various certifications. Employees have to show up at appointed times. Our interactions with employees are many, and they’re fine-grained. It’s not just about the pay and the benefits. It’s about all the other detailed aspects of the relationship too. + +Does your Chair take comfort in the outcome of the recent union vote in Bessemer? No, he doesn’t. I think we need to do a better job for our employees. While the voting results were lopsided and our direct relationship with employees is strong, it’s clear to me that we need a better vision for how we create value for employees – a vision for their success. + +If you read some of the news reports, you might think we have no care for employees. In those reports, our employees are sometimes accused of being desperate souls and treated as robots. That’s not accurate. They’re sophisticated and thoughtful people who have options for where to work. When we survey fulfillment center employees, 94% say they would recommend Amazon to a friend as a place to work. + +Employees are able to take informal breaks throughout their shifts to stretch, get water, use the rest room, or talk to a manager, all without impacting their performance. These informal work breaks are in addition to the 30-minute lunch and 30-minute break built into their normal schedule. + +We don’t set unreasonable performance goals. We set achievable performance goals that take into account tenure and actual employee performance data. Performance is evaluated over a long period of time as we know that a variety of things can impact performance in any given week, day, or hour. If employees are on track to miss a performance target over a period of time, their manager talks with them and provides coaching. + +Coaching is also extended to employees who are excelling and in line for increased responsibilities. In fact, 82% of coaching is positive, provided to employees who are meeting or exceeding expectations. We terminate the employment of less than 2.6% of employees due to their inability to perform their jobs (and that number was even lower in 2020 because of operational impacts of COVID-19). + +### Earth’s Best Employer and Earth’s Safest Place to Work + +The fact is, the large team of thousands of people who lead operations at Amazon have always cared deeply for our hourly employees, and we’re proud of the work environment we’ve created. We’re also proud of the fact that Amazon is a company that does more than just create jobs for computer scientists and people with advanced degrees. We create jobs for people who never got that advantage. + +Despite what we’ve accomplished, it’s clear to me that we need a better vision for our employees’ success. We have always wanted to be Earth’s Most Customer-Centric Company. We won’t change that. It’s what got us here. But I am committing us to an addition. We are going to be Earth’s Best Employer and Earth’s Safest Place to Work. + +In my upcoming role as Executive Chair, I’m going to focus on new initiatives. I’m an inventor. It’s what I enjoy the most and what I do best. It’s where I create the most value. I’m excited to work alongside the large team of passionate people we have in Ops and help invent in this arena of Earth’s Best Employer and Earth’s Safest Place to Work. On the details, we at Amazon are always flexible, but on matters of vision we are stubborn and relentless. We have never failed when we set our minds to something, and we’re not going to fail at this either. + +We dive deep into safety issues. For example, about 40% of work-related injuries at Amazon are related to musculoskeletal disorders (MSDs), things like sprains or strains that can be caused by repetitive motions. MSDs are common in the type of work that we do and are more likely to occur during an employee’s first six months. We need to invent solutions to reduce MSDs for new employees, many of whom might be working in a physical role for the first time. + +One such program is WorkingWell – which we launched to 859,000 employees at 350 sites across North America and Europe in 2020 – where we coach small groups of employees on body mechanics, proactive wellness, and safety. In addition to reducing workplace injuries, these concepts have a positive impact on regular day-to-day activities outside work. + +We’re developing new automated staffing schedules that use sophisticated algorithms to rotate employees among jobs that use different muscle-tendon groups to decrease repetitive motion and help protect employees from MSD risks. This new technology is central to a job rotation program that we’re rolling out throughout 2021. + +Our increased attention to early MSD prevention is already achieving results. From 2019 to 2020, overall MSDs decreased by 32%, and MSDs resulting in time away from work decreased by more than half. + +We employ 6,200 safety professionals at Amazon. They use the science of safety to solve complex problems and establish new industry best practices. In 2021, we’ll invest more than $300 million into safety projects, including an initial $66 million to create technology that will help prevent collisions of forklifts and other types of industrial vehicles. + +When we lead, others follow. Two and a half years ago, when we set a $15 minimum wage for our hourly employees, we did so because we wanted to lead on wages – not just run with the pack – and because we believed it was the right thing to do. A recent paper by economists at the University of California-Berkeley and Brandeis University analyzed the impact of our decision to raise our minimum starting pay to $15 per hour. Their assessment reflects what we’ve heard from employees, their families, and the communities they live in. + +Our increase in starting wage boosted local economies across the country by benefiting not only our own employees but also other workers in the same community. The study showed that our pay raise resulted in a 4.7% increase in the average hourly wage among other employers in the same labor market. + +And we’re not done leading. If we want to be Earth’s Best Employer, we shouldn’t settle for 94% of employees saying they would recommend Amazon to a friend as a place to work. We have to aim for 100%. And we’ll do that by continuing to lead on wages, on benefits, on upskilling opportunities, and in other ways that we will figure out over time. + +If any shareowners are concerned that Earth’s Best Employer and Earth’s Safest Place to Work might dilute our focus on Earth’s Most Customer-Centric Company, let me set your mind at ease. Think of it this way. If we can operate two businesses as different as consumer ecommerce and AWS, and do both at the highest level, we can certainly do the same with these two vision statements. In fact, I’m confident they will reinforce each other. + +### The Climate Pledge + +In an earlier draft of this letter, I started this section with arguments and examples designed to demonstrate that human-induced climate change is real. But, bluntly, I think we can stop saying that now. You don’t have to say that photosynthesis is real, or make the case that gravity is real, or that water boils at 100 degrees Celsius at sea level. These things are simply true, as is the reality of climate change. + +Not long ago, most people believed that it would be good to address climate change, but they also thought it would cost a lot and would threaten jobs, competitiveness, and economic growth. We now know better. Smart action on climate change will not only stop bad things from happening, it will also make our economy more efficient, help drive technological change, and reduce risks. Combined, these can lead to more and better jobs, healthier and happier children, more productive workers, and a more prosperous future. This doesn’t mean it will be easy. It won’t be. The coming decade will be decisive. The economy in 2030 will need to be vastly different from what it is today, and Amazon plans to be at the heart of the change. We launched The Climate Pledge together with Global Optimism in September 2019 because we wanted to help drive this positive revolution. We need to be part of a growing team of corporations that understand the imperatives and the opportunities of the 21st century. + +Now, less than two years later, 53 companies representing almost every sector of the economy have signed The Climate Pledge. Signatories such as Best Buy, IBM, Infosys, Mercedes-Benz, Microsoft, Siemens, and Verizon have committed to achieve net-zero carbon in their worldwide businesses by 2040, 10 years ahead of the Paris Agreement. The Pledge also requires them to measure and report greenhouse gas emissions on a regular basis; implement decarbonization strategies through real business changes and innovations; and neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially beneficial offsets. Credible, quality offsets are precious, and we should reserve them to compensate for economic activities where low-carbon alternatives don’t exist. + +The Climate Pledge signatories are making meaningful, tangible, and ambitious commitments. Uber has a goal of operating as a zero-emission platform in Canada, Europe, and the U.S. by 2030, and Henkel plans to source 100% of the electricity it uses for production from renewable sources. Amazon is making progress toward our own goal of 100% renewable energy by 2025, five years ahead of our initial 2030 target. Amazon is the largest corporate buyer of renewable energy in the world. We have 62 utility-scale wind and solar projects and 125 solar rooftops on fulfillment and sort centers around the globe. These projects have the capacity to generate over 6.9 gigawatts and deliver more than 20 million megawatt-hours of energy annually. + +Transportation is a major component of Amazon’s business operations and the toughest part of our plan to meet net-zero carbon by 2040. To help rapidly accelerate the market for electric vehicle technology, and to help all companies transition to greener technologies, we invested more than $1 billion in Rivian – and ordered 100,000 electric delivery vans from the company. We’ve also partnered with Mahindra in India and Mercedes-Benz in Europe. These custom electric delivery vehicles from Rivian are already operational, and they first hit the road in Los Angeles this past February. Ten thousand new vehicles will be on the road as early as next year, and all 100,000 vehicles will be on the road by 2030 – saving millions of metric tons of carbon. A big reason we want companies to join The Climate Pledge is to signal to the marketplace that businesses should start inventing and developing new technologies that signatories need to make good on the Pledge. Our purchase of 100,000 Rivian electric vans is a perfect example. + +To further accelerate investment in new technologies needed to build a zero-carbon economy, we introduced the Climate Pledge Fund last June. The investment program started with $2 billion to invest in visionary companies that aim to facilitate the transition to a low-carbon economy. Amazon has already announced investments in CarbonCure Technologies, Pachama, Redwood Materials, Rivian, Turntide Technologies, ZeroAvia, and Infinium – and these are just some of the innovative companies we hope will build the zero-carbon economy of the future. + +I have also personally allocated $10 billion to provide grants to help catalyze the systemic change we will need in the coming decade. We’ll be supporting leading scientists, activists, NGOs, environmental justice organizations, and others working to fight climate change and protect the natural world. Late last year, I made my first round of grants to 16 organizations working on innovative and needle-moving solutions. It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals, and I’m excited to be part of this journey and optimistic that humanity can come together to solve this challenge. + +### Differentiation is Survival and the Universe Wants You to be Typical + +This is my last annual shareholder letter as the CEO of Amazon, and I have one last thing of utmost importance I feel compelled to teach. I hope all Amazonians take it to heart. + +Here is a passage from Richard Dawkins’ (extraordinary) book The Blind Watchmaker. It’s about a basic fact of biology. + +“Staving off death is a thing that you have to work at. Left to itself – and that is what it is when it dies – the body tends to revert to a state of equilibrium with its environment. If you measure some quantity such as the temperature, the acidity, the water content or the electrical potential in a living body, you will typically find that it is markedly different from the corresponding measure in the surroundings. Our bodies, for instance, are usually hotter than our surroundings, and in cold climates they have to work hard to maintain the differential. When we die the work stops, the temperature differential starts to disappear, and we end up the same temperature as our surroundings. Not all animals work so hard to avoid coming into equilibrium with their surrounding temperature, but all animals do some comparable work. For instance, in a dry country, animals and plants work to maintain the fluid content of their cells, work against a natural tendency for water to flow from them into the dry outside world. If they fail they die. More generally, if living things didn’t work actively to prevent it, they would eventually merge into their surroundings, and cease to exist as autonomous beings. That is what happens when they die.” + +While the passage is not intended as a metaphor, it’s nevertheless a fantastic one, and very relevant to Amazon. I would argue that it’s relevant to all companies and all institutions and to each of our individual lives too. In what ways does the world pull at you in an attempt to make you normal? How much work does it take to maintain your distinctiveness? To keep alive the thing or things that make you special? + +I know a happily married couple who have a running joke in their relationship. Not infrequently, the husband looks at the wife with faux distress and says to her, “Can’t you just be normal?” They both smile and laugh, and of course the deep truth is that her distinctiveness is something he loves about her. But, at the same time, it’s also true that things would often be easier – take less energy – if we were a little more normal. + +This phenomenon happens at all scale levels. Democracies are not normal. Tyranny is the historical norm. If we stopped doing all of the continuous hard work that is needed to maintain our distinctiveness in that regard, we would quickly come into equilibrium with tyranny. + +We all know that distinctiveness – originality – is valuable. We are all taught to “be yourself.” What I’m really asking you to do is to embrace and be realistic about how much energy it takes to maintain that distinctiveness. The world wants you to be typical – in a thousand ways, it pulls at you. Don’t let it happen. + +You have to pay a price for your distinctiveness, and it’s worth it. The fairy tale version of “be yourself” is that all the pain stops as soon as you allow your distinctiveness to shine. That version is misleading. Being yourself is worth it, but don’t expect it to be easy or free. You’ll have to put energy into it continuously. + +The world will always try to make Amazon more typical – to bring us into equilibrium with our environment. It will take continuous effort, but we can and must be better than that. + +\* \* \* + +As always, I attach our 1997 shareholder letter. It concluded with this: “We at Amazon.com are grateful to our customers for their business and trust, to each other for our hard work, and to our shareholders for their support and encouragement.” That hasn’t changed a bit. I want to especially thank Andy Jassy for agreeing to take on the CEO role. It’s a hard job with a lot of responsibility. Andy is brilliant and has the highest of high standards. I guarantee you that Andy won’t let the universe make us typical. He will muster the energy needed to keep alive in us what makes us special. That won’t be easy, but it is critical. I also predict it will be satisfying and oftentimes fun. Thank you, Andy. + +To all of you: be kind, be original, create more than you consume, and never, never, never let the universe smooth you into your surroundings. It remains Day 1. + +Sincerely, + +To our shareowners: + +Jeffrey P. Bezos +Founder and Chief Executive Officer +Amazon.com, Inc. +My mother is AWFUL with money. In 2006 she inherited about $4,000,000 from her mother and squandered nearly all of it within seven years. When she was down to about $1.5m left, she decided to build a log cabin on some property that she inherited and move from our hometown to the new cabin. The cabin was only supposed to cost $500,000 to build, but she was so naive and so easily manipulated that the contractor she hired to build the house ended up scamming her for an additional $500,000. And she had to spend another $150,000 to fix all the mistakes and code violations that the contractor left her with. + +To put just how bad she is with money in to context… she never even googled the contractors name before she hired him. The first link on Google was a website made by eleven people who he had scammed or ripped off previously…. + +Anyway… fast forward to present time… she has lived in the cabin for ten years now and lives on the basement level in an apartment that’s separate from the upper two levels. The upper two levels are rented as a vacation rental and generate on average $75,000 in gross revenue annually. Also, several years ago she took out a $150,000 mortgage against the property because she was running out of money. Other than that, the Property is fully paid off. The estimated value of the property in the current market is $1,400,000. + +She earns about $1200 biweekly from her full time job as a vet office front desk manager - a job she loved a great deal up until a few weeks ago. In addition to that, she makes $1100 monthly from state teacher retirement, and about $1500 a month of VR profit. The profit from the VR is split with me 60% her 40% me, after expenses like restock and housekeeping are deducted, as I manage 100% of the rental business for her. Her mortgage payment is $1100/month. She just refinanced this year and still owes for 15 more years. Anyway, Right now she basically lives paycheck to paycheck and has no emergency fund, savings, investments, or any assets aside from her home. + +Two weeks ago, completely out of the blue, my mom informed me she had decided she was going to sell the cabin and move back to our hometown. She wants to put it on the market before the end of November…. Without giving it any time at all to consider…. Reasons for this include: wanting to pay off the $150,000 mortgage and all other debts, job burnout, missing her close friends from hometown, loneliness, depression mostly related to her dismal financial situation, wanting to wipe her hands of the Property and the associated remorse and regret she feels for losing so much money building it by getting ripped off. She says she is going to budget $250,000 for a two bedroom single level house in central NC in her hometown (WAY overpriced). + +I have told her that if she is lucky enough to sell the house for $1.4m, she will owe upwards of $125k in capital gains tax, $75k for the 5% realtor commission, $140,000 to pay off mortgage, and if she found a house for $200,000 in her hometown - she’ll already be down to $800k. She says she will invest it so that she can get a monthly interest income from it. + +I am trying desperately to get her to look into other options like a shared appreciation loan that would allow her to access some of the equity in the house to pay off her mortgage and purchase her new house… rather than selling it and losing all of the equity she has. With a shared appreciation mortgage, she could borrow 30% of the houses current value and only owe it back after 30 years or if she decided to sell the house.. she would owe the principal of the loan + a portion of any appreciation. If the house depreciates between the time she was issued the loan and the time she pays it back, she would only owe the principal of the loan back. No interest. No monthly payments. + +On top of all this, she has found some realtor that is telling her she can store her stuff in her garage once her house sells and before she buys her new house…. And she has been coming the house to help my mom pack!! Can anyone say RED FLAGS? This is the only person she has been listening to advice from. And keep in mind she is poised to make a 5% commission on the sale. + +Please tell me I am not crazy for thinking this is a terrible idea and that there are SO many red flags. Can anyone validate my opinion that this would be a better option? Can anyone suggest any other better alternatives? If she sells her house, we lose that $75,000 of annual VR revenue and she sells off the only asset she has… this property is in the blue ridge mountains of western Nc and is occupied by guests 80% of the year. She is CRAZY to be doing this! Please help me convince her to change her mind and find another way to achieve her goals. Thank you all! + +Tl;dr - my mom is selling her only asset, a paid off home that doubles as her primary residence and a vacation rental that produces $75k a year in revenue… so that she can relocate back to her hometown and so she can pay off a $150k mortgage she took out against the house, a house currently worth $1.4m. Looking for ways to explain to her, an extremely financially illiterate and ADD 62 year old, that she is making a huge mistake and that there are better ways to go about doing this than don’t involve selling the house. + +EDIT: I know that is very unlikely I will be able to get my mom to change her mind and pursue another option, but I am still interesting in any alternative options that anyone here might suggest. I refuse to give up yet and I want to be able to present my mom with some different options that would allow her to pay off her $140k mortgage balance and relocate to her hometown and purchase a downsized home at a reasonable price. I want to be able to say that I tried to stop this and I tried to educate her about how stupid she is being. So any advice other than I am screwed would be greatly appreciated. +Literally all it takes is a basic understanding of economics and finance to realize how much hedge funds get away with robbing our people blind. AND ALL YOU HAVE TO GIVE US IS A FUCKING REPORT??? + +ARE YOU PEOPLE EVEN AMERICANS? WHAT THE FUCK IS WRONG WITH YOU MR. GENSLER? HOW DO YOU NOT HAVE THE OVERWHELMING URGE TO THROW THESE PEOPLE BEHIND BARS WITH THE MOUNTAINS OF EVIDENCE WE HAVE COLLECTED? + +Fuck the U.S. financial system. The impending collapse is the fault of the SEC, CFTC, DTCC, every banker fuck boy, and every single person who works at a terrorist hedge fund. Fuck all of you. I will make sure that the money I make from the squeeze will do nothing to help you. Instead I will burn through all my tendies to make sure people like you never get to bleed the economy dry ever again. Fuck all of you people. + +&#x200B; + +https://preview.redd.it/19satcre8jn71.png?width=800&format=png&auto=webp&s=643edc85be52ccc183aabaf7c78c3ef726a8bc2f +EDIT: u/Tyrant-Tyra has graciously done an excellent [audio recording](https://youtu.be/rxcjnqdThsg) of this post if you would prefer it read aloud! + +I want to preface that this research was only possible because of the prior DD's from our wrinkle-brained geniuses who figured out the FTD cycle. These are some of the apes who deserve your appreciation: [u/Criand](https://www.reddit.com/u/Criand/) \-- [u/HomeDepotHank69](https://www.reddit.com/u/HomeDepotHank69/) \-- u/Gafgarian \-- [u/1mag1n3\_cgh](https://www.reddit.com/u/1mag1n3_cgh/) \--- [u/Secure-Ad1612](https://www.reddit.com/u/Secure-Ad1612/) \-- [u/Leenixus](https://www.reddit.com/u/Leenixus/) \-- [u/INERTIAAAAAAA](https://www.reddit.com/u/INERTIAAAAAAA/) \-- [u/Suspicious-Singer243](https://www.reddit.com/u/Suspicious-Singer243/) \-- [u/ihatedmyboss](https://www.reddit.com/u/ihatedmyboss/) + +In other words, I stand on the shoulders of giants. Now on with the show, and please remember: + +https://preview.redd.it/e5i39i8xec171.jpg?width=1828&format=pjpg&auto=webp&s=eb0d973e368a19539aeb2b2bdc8e7975c4910577 + +# I shit you not, I did this google search to see if there are any macro-societal patterns that relate to 21 and 35 day cycles and this is the first search result that appeared: + +[WHAT THE FUCK](https://preview.redd.it/anqb3blv0b171.png?width=708&format=png&auto=webp&s=13f893ca8355fecb2c6a1d01833c8546139a2e5f) + +# A couple things to unpack here: + +# 1. + +The menstrual cycle specifically mentions 21 and 35 days! COHENcidence?! I THINK NOT! + +&#x200B; + +[https:\/\/www.mayoclinic.org\/healthy-lifestyle\/womens-health\/in-depth\/menstrual-cycle\/art-20047186](https://preview.redd.it/0jva3zit3b171.png?width=473&format=png&auto=webp&s=4b1ce6e1c64f22a243a266874350ece8b4f45243) + +THEORY: THE FTDs ARE OVULATING. + +Or maybe it's Kenny him(her?)self who is ovulating? Either way, this could POSSIBLY mean that the squeeze could be two to seven days. + +OR the other prevailing theory I have is that the MOASS timeline is equivalent to a pregnancy and it will be a gradual upward rise over 9 months and it crowns sometime in the 3rd trimester (that's a word, right? idk I've never had a baby before lol). + +From this logic, I have two questions. First, IS Ken pregnant? If yes, WHEN did Ken get pregnant (need wrinkle brains to help me with the insemination date)? And third, what will that baby look like? My theory is that the birth will be bad for Ken and good for us. That explains why Ken keeps trying to push the baby back inside. + +&#x200B; + +[How Ken feels every cycle](https://preview.redd.it/qbmcei8unc171.png?width=300&format=png&auto=webp&s=1460c4ae24e69e96c03bb540756b23986680366b) + +# Running with this logic, here is what I think the baby will look like: + +[mothafuckin' yes please](https://preview.redd.it/5iviai107c171.jpg?width=1649&format=pjpg&auto=webp&s=0b211250d2a5deab70b0f3c4a417145e85dc8fe2) + +# 2. + +[http:\/\/www.bbc.com\/earth\/story\/20150420-why-do-women-have-periods](https://preview.redd.it/x7tc26154b171.png?width=603&format=png&auto=webp&s=04f3ee995103a7bbba1be8a28badb88101abd425) + +Because of this information, we can safely conclude that Kenny is either: + +1. A human +2. A primate +3. An elephant +4. A shrew +5. A bat + +We can also safely cross off primate/monkey/ape because I think we'd be able to tell if Kenny was one of us. And I read somewhere that elephants don't like mayonnaise. And he is too ugly to be a cute little shrew. So that leaves **human** or **bat**. More on this in a bit... + +# 3. + +[http:\/\/www.bbc.com\/earth\/story\/20150420-why-do-women-have-periods](https://preview.redd.it/5neat96inb171.png?width=512&format=png&auto=webp&s=06a1e2315e62de631505db815667fa2dd8efea3e) + +DISCLAIMER: I am not a MATHEMAGICIAN. + +Because we can safely assume that Kenny complains a lot, we can accurately guestimate that his flow is at the upper end with 90mL. And as of my writing this, today's big green dildo volume so far is 11,338,832 shares. + +11,338,832 shares divided by 90mL equals 125,987.0237 shares per mL. + +That equates to **125.9870237 shares per Liter of mensuration fluid**. More on this in a bit... + +# 4. + +https://preview.redd.it/anqb3blv0b171.png?width=708&format=png&auto=webp&s=13f893ca8355fecb2c6a1d01833c8546139a2e5f + +Bringing it back to the first image. The top result is from the [MAYO CLINIC](https://www.mayoclinic.org/healthy-lifestyle/womens-health/in-depth/menstrual-cycle/art-20047186). MAYO?! Another COHENcidence?! I THINK NOT! + +It seems to me that Mayo has slowly been turning against Kenny. Oh how rich is that...his beloved mayonnaise, the [mayo he won't share with others](https://www.reddit.com/r/Superstonk/comments/n8tvrx/my_friend_had_dinner_with_kenny_g/), is GIVING US THE BREADCRUMBS to his demise! Not only that, but MAYO is comprised of mostly eggs and oil! What happens in an ovulation cycle? The eggs get YEETED from the uterus. + +https://preview.redd.it/bfr2021vjh171.jpg?width=1052&format=pjpg&auto=webp&s=3ffdab315eb9e2d1353fdbca83ae086603706440 + +I CANNOT CONFIRM THIS NEXT PART DUE TO ONLY HAVING CIRCUMSTANTIAL EVIDENCE... + +But I am positing that Ken's yeeted eggs are being used to make his mayo. And it looks like he's running out of eggs. Which means he's running out of his precious mayo. Less eggs equals less mayo and then the cycle gets worse and worse. Which means we are pushing Ken further and further into the corner of desperation. What the fuck is gonna happen when Kenny **RUNS OUT OF MAYO**?! + +[BOOM](https://preview.redd.it/y5aeja6mmc171.jpg?width=500&format=pjpg&auto=webp&s=a8f5975d5639f4cd288d9fb3a9347284dcf35f7c) + +# SIDENOTE: We should totally make this and everyone can buy it except Ken muhahahaha + +[EuroApes can dip their France Fries in this!](https://preview.redd.it/4bimr4dwoc171.png?width=860&format=png&auto=webp&s=563793b5c3999fd912ed18b9d1b78a5ca100b22c) + +# 5. TYING EVERYTHING TOGETHER; THE THEORY OF THE MENSTRUATING TRIANGLE OF CARDS - PARTS 1 thru 69. + +There are some possible conclusions that I have drawn up, but I am open for more interpretations. After all, the power of this group comes from our ability to crowdsource and crowdverify! So please feel free to chime in so together we can find the \~TRUTH\~. + +# a. Kenny is actually a human woman (loosely) + +and the FTD's are actually her ovulation cycle. The bigger the flow, the greener we go (looks like Kenny's bleeding hard right now). I'm not a big fan of this theory because that would mean that Ken pulled a Mulan and I don't think he's cool or badass enough to do that. So moving on... + +# b. Kenny is a man with EXTREME MOMMY ISSUES. + +Oh NOW we're cooking! I'm talking "Homelander sucking on teet" level mommy issues. KENNY might not be the one ovulating, but *maybe* he has a weird **obsession** with menstruation and he is synced up with someone in particular? + +[Kenny: \\"ooohhh yea baby, breast milk mmmmm all for me gulp gulp ahhhh\\"](https://preview.redd.it/ivi225h32b171.png?width=1400&format=png&auto=webp&s=99c1ec57879aff1dfce02af33dbbfe523794ccf1) + +In college, I lived with 2 female roommates for a year and I'm pretty sure my moods synced up with their cycles at some point, so this theory is not out of the question. Right now I have no definitive evidence towards the identity of this unknown human female. Is it his ex-wife? Or mother? An old flame? I don't know, so I would love the group to help me discover this missing link. + +# c. Kenny is a vampire. + +You fucking read that correctly. + +Before I dive into this theory in full, I need to bring [this article](https://www.bloomberg.com/news/articles/2020-01-20/citadel-securities-agrees-to-97-million-settlement-in-china) to your attention. + +[Headline of the article](https://preview.redd.it/zrcmwyilrc171.png?width=677&format=png&auto=webp&s=f059c7b5f0303a0c1c33c9f9fbf3438c9668b322) + +Snippet of Article: "Citadel Securities LLC agreed to pay a 670 million-yuan ($97 million) settlement for alleged trading irregularities during the 2015 market rout in China." + +So we know for sure that Kenny has been doing business in China for a while. And we know he's been fucking up more than just the American markets with his shady business dealings and China fined him for it. + +Now, remember when we learned that Kenny is either human or a bat (see Point 2). Well if we run with the "he's a bat" theory and also couple in the fact that he's a blood sucking leech (the hedgies killed Toys r Us and many other companies), then I think we can safely conclude that it's entirely possible he's also a vampire. + +This would also explain the fascination with the menstruation cycle. Sorry to gross you out, but what if this was also his *feeding schedule* 🤮? Vampires need blood from somewhere, right? It all fucking connects. + +But wait, there's more! We've got Kenny is a bat, and China doesn't like Kenny. Kenny doesn't seem like a person who takes a spanking without spanking back. Which leads me to this: + +Wasn't there some huge worldwide event that happened because of a bat and was related to China? Hmmmm I can't put my finger on it. OH WAIT! + +[https:\/\/www.nytimes.com\/2020\/01\/08\/health\/china-pneumonia-outbreak-virus.html](https://preview.redd.it/gk95xmtctc171.png?width=621&format=png&auto=webp&s=67e07eff6de420e95120b77fde08c29cbc86bf5f) + +Looks sus to me. Where the fuck was Ken in January 2020? Well I'm not exactly sure, but I know where he WASN'T. + +[Washington Post: Trump signs ‘phase one’ of trade deal with China as House moves on impeachment](https://youtu.be/3eUXZ_LLhfo?t=1711) + +This is a video of then President Trump signing the phase one trade deal with China. Ken was one of the individuals who was thanked during the ceremony. But he wasn't there when Trump called his name. Trump even remarked, "Where the hell is he--he's trying to hide some of his money...where the hell is Ken?" + +So if Ken wasn't where he was supposed to be, then where WAS he? + +# 6. THE WILDLY INCONCLUSIVE CONCLUSION: + +Ken was in China concocting the Coronavirus. Because China hit him with the fines, he wanted payback. So he created COVID-19 in a lab and injected himself and then fucked some bats while he was in his bat form. I feel bad for those bats because they probs thought it was going to be a long-term relationship, but they got played and ghosted by Kenny. Obviously this had to start in 2019, but we know for sure he wasn't with Trump on January 15, 2020. So we can't rule out that he WASN'T in CHINA when it all went down, ya feel? + +I don't know if he planned for it to become a whole worldwide pandemic, but that doesn't absolve him. Or maybe he did it all knowingly. Who knows?! Either way, his plan for world domination failed and now we are hitting back with a vengeance just like [this watermelon to the face](https://youtu.be/8cfeTZNcA3g?t=18): + +[BOOM! RIGHT IN THE KISSER!](https://i.redd.it/3va17kzk9c171.gif) + +# 7. ONE LAST CONNECTION... + +...and it's a fucking doozy. Remember how Citadel's fine to China was 670 million yuan? + +And then remember that 125.9870237 shares per Liter of menstrual fluid? + +If we divide 670,000,000 by 125.9870237, we get 5,318,008. + +# Press play to blow your mind. + +[BOOM](https://reddit.com/link/nllceu/video/2pjbxutpch171/player) + +# It all fucking fits. It's Kenny's obsessions: the bat, the woman, and the mayo...my God, what have I uncovered?!... + +[the new book by CS Lewis](https://preview.redd.it/strutcueeh171.jpg?width=262&format=pjpg&auto=webp&s=22db93fd6852d19b10cfcb4d233848b6ca7c582a) + +# IN SUMMARY: + +[the overall evidence is damning. also this venn diagram makes no sense out of context lmao](https://preview.redd.it/myzyx4tyah171.jpg?width=1094&format=pjpg&auto=webp&s=0d004404467e233b2209a936042878e1adb718be) + +I know you feel like a wet tampon right with all the info you've absorbed. Trust me, I feel it too. Between this discovery, GME pushing 250, and the ass banana, I haven't been able to sleep soundly. This is the biggest case I've ever worked on and it's my journalistic duty (lol) to bring you the hard hitting scoop. Where we go from here is up to the community to decide. + +The obvious plan of action is to find his weaknesses and exploit them. His crux could be his mother like in the Halloween movie series. Or maybe it's the mayonnaise and we would need to contact Hellman's. Or maybe it's the vampire, which we would need sunlight or some steaks right to his heart... + +https://preview.redd.it/whg6n5hgfh171.png?width=800&format=png&auto=webp&s=f0cdec32abb7227462e58ce568cd61cda43aee0c + +That's all I have for now. I need to get some rest. I look forward to seeing what answers you guys come up with. Thank you for coming to my TEDxTalk and please watch this [youtube video](https://www.youtube.com/watch?v=dQw4w9WgXcQ) for supplemental information. +The short version is I am curious if anyone here maintains any full-time domestic staff (e.g. housekeeper, cook). What makes it worth it, how much does it cost, and how do you find qualified candidates? + +I've heard that this sort of thing is more normal in some other countries, but I'm curious partly because my social circle isn't *that* rich, but also because it's not "how things are done" in the US. The closest among people I know are families who engaged a full-time nanny for a few years while kids were young. Outside of that though, most people live by the service-as-a-service model: maid service instead of housekeeper, landscaping service instead of gardener, and so-on (you can even "rent a chef" and have a professionally prepared meal served at home). + +It's hard to feel like this isn't the obvious choice at any NW since modern tools and appliances mean it's hard to imagine such tasks being a full-time job and also the cost of labor in a first-world country is sky-high. Certainly now, and perhaps ever, I can't really see at is an affordable or worthwhile expense (at least not below a NW of like $20m). On the flip side though, I personally dislike the "as a service" model since it seems to bundle all of the guilt of an obvious class difference with none of the personal connection of bringing someone into your household. + +So I'm mostly curious - is this a thing almost anyone does in the US, and if so how do you manage it and why do you think it's a good idea? +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#eyJpbnRlcnZhbCI6ImRheSIsInBlcmlvZGljaXR5IjoxLCJ0aW1lVW5pdCI6bnVsbCwiY2FuZGxlV2lkdGgiOjE1LCJmbGlwcGVkIjpmYWxzZSwidm9sdW1lVW5kZXJsYXkiOnRydWUsImFkaiI6dHJ1ZSwiY3Jvc3NoYWlyIjp0cnVlLCJjaGFydFR5cGUiOiJsaW5lIiwiZXh0ZW5kZWQiOmZhbHNlLCJtYXJrZXRTZXNzaW9ucyI6e30sImFnZ3JlZ2F0aW9uVHlwZSI6Im9obGMiLCJjaGFydFNjYWxlIjoibGluZWFyIiwicGFuZWxzIjp7ImNoYXJ0Ijp7InBlcmNlbnQiOjEsImRpc3BsYXkiOiJHTUUyMTEwMTVQMDAwMTAwMDAiLCJjaGFydE5hbWUiOiJjaGFydCIsImluZGV4IjowLCJ5QXhpcyI6eyJuYW1lIjoiY2hhcnQiLCJwb3NpdGlvbiI6bnVsbH0sInlheGlzTEhTIjpbXSwieWF4aXNSSFMiOlsiY2hhcnQiLCLigIx2b2wgdW5kcuKAjCJdfX0sInNldFNwYW4iOm51bGwsImxpbmVXaWR0aCI6Miwic3RyaXBlZEJhY2tncm91bmQiOnRydWUsImV2ZW50cyI6dHJ1ZSwiY29sb3IiOiIjMDA4MWYyIiwic3RyaXBlZEJhY2tncm91ZCI6dHJ1ZSwicmFuZ2UiOm51bGwsImV2ZW50TWFwIjp7ImNvcnBvcmF0ZSI6eyJkaXZzIjp0cnVlLCJzcGxpdHMiOnRydWV9LCJzaWdEZXYiOnt9fSwic3ltYm9scyI6W3sic3ltYm9sIjoiR01FMjExMDE1UDAwMDEwMDAwIiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6IkdNRTIxMTAxNVAwMDAxMDAwMCIsInF1b3RlVHlwZSI6Ik9QVElPTiIsImV4Y2hhbmdlVGltZVpvbmUiOiJBbWVyaWNhL05ld19Zb3JrIn0sInBlcmlvZGljaXR5IjoxLCJpbnRlcnZhbCI6ImRheSIsInRpbWVVbml0IjpudWxsLCJzZXRTcGFuIjpudWxsfV0sInN0dWRpZXMiOnsi4oCMdm9sIHVuZHLigIwiOnsidHlwZSI6InZvbCB1bmRyIiwiaW5wdXRzIjp7ImlkIjoi4oCMdm9sIHVuZHLigIwiLCJkaXNwbGF5Ijoi4oCMdm9sIHVuZHLigIwifSwib3V0cHV0cyI6eyJVcCBWb2x1bWUiOiIjMDBiMDYxIiwiRG93biBWb2x1bWUiOiIjZmYzMzNhIn0sInBhbmVsIjoiY2hhcnQiLCJwYXJhbWV0ZXJzIjp7IndpZHRoRmFjdG9yIjowLjQ1LCJjaGFydE5hbWUiOiJjaGFydCIsInBhbmVsTmFtZSI6ImNoYXJ0In19fX0-) + +# $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#eyJpbnRlcnZhbCI6ImRheSIsInBlcmlvZGljaXR5IjoxLCJ0aW1lVW5pdCI6bnVsbCwiY2FuZGxlV2lkdGgiOjQwLjE3ODU3MTQyODU3MTQzLCJmbGlwcGVkIjpmYWxzZSwidm9sdW1lVW5kZXJsYXkiOnRydWUsImFkaiI6dHJ1ZSwiY3Jvc3NoYWlyIjp0cnVlLCJjaGFydFR5cGUiOiJsaW5lIiwiZXh0ZW5kZWQiOmZhbHNlLCJtYXJrZXRTZXNzaW9ucyI6e30sImFnZ3JlZ2F0aW9uVHlwZSI6Im9obGMiLCJjaGFydFNjYWxlIjoibGluZWFyIiwicGFuZWxzIjp7ImNoYXJ0Ijp7InBlcmNlbnQiOjEsImRpc3BsYXkiOiJHTUUyMTEwMTVQMDAwMTUwMDAiLCJjaGFydE5hbWUiOiJjaGFydCIsImluZGV4IjowLCJ5QXhpcyI6eyJuYW1lIjoiY2hhcnQiLCJwb3NpdGlvbiI6bnVsbH0sInlheGlzTEhTIjpbXSwieWF4aXNSSFMiOlsiY2hhcnQiLCLigIx2b2wgdW5kcuKAjCJdfX0sInNldFNwYW4iOm51bGwsImxpbmVXaWR0aCI6Miwic3RyaXBlZEJhY2tncm91bmQiOnRydWUsImV2ZW50cyI6dHJ1ZSwiY29sb3IiOiIjMDA4MWYyIiwic3RyaXBlZEJhY2tncm91ZCI6dHJ1ZSwicmFuZ2UiOm51bGwsImV2ZW50TWFwIjp7ImNvcnBvcmF0ZSI6eyJkaXZzIjp0cnVlLCJzcGxpdHMiOnRydWV9LCJzaWdEZXYiOnt9fSwic3ltYm9scyI6W3sic3ltYm9sIjoiR01FMjExMDE1UDAwMDE1MDAwIiwic3ltYm9sT2JqZWN0Ijp7InN5bWJvbCI6IkdNRTIxMTAxNVAwMDAxNTAwMCJ9LCJwZXJpb2RpY2l0eSI6MSwiaW50ZXJ2YWwiOiJkYXkiLCJ0aW1lVW5pdCI6bnVsbCwic2V0U3BhbiI6bnVsbH1dLCJzdHVkaWVzIjp7IuKAjHZvbCB1bmRy4oCMIjp7InR5cGUiOiJ2b2wgdW5kciIsImlucHV0cyI6eyJpZCI6IuKAjHZvbCB1bmRy4oCMIiwiZGlzcGxheSI6IuKAjHZvbCB1bmRy4oCMIn0sIm91dHB1dHMiOnsiVXAgVm9sdW1lIjoiIzAwYjA2MSIsIkRvd24gVm9sdW1lIjoiI2ZmMzMzYSJ9LCJwYW5lbCI6ImNoYXJ0IiwicGFyYW1ldGVycyI6eyJ3aWR0aEZhY3RvciI6MC40NSwiY2hhcnROYW1lIjoiY2hhcnQiLCJwYW5lbE5hbWUiOiJjaGFydCJ9fX19) + +# $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/) +I am a first time home buyer. I know nothing about buying homes. This lender is a real schmoozer---I knew from the moment I talked to him. But he was recommended by my real estate agent sister. Anyway, after he talked me out of saving up for another year to be able to put 20% down, I ended up going through with the deal, paying earnest money, paying for inspections, and appraisal. When they announced the interest rate spike, I was so relieved that I had locked in my rate weeks prior. I open my email, there's an email from my lender. "I apologize…" "Nobody knew the market was gonna do this…" blah blah blah. He tried to play it off like he was trying to help me by not locking in my rate...but I think he just forgot. Everyone knew rates were going to go up. He has now costed me an extra 2k in closing costs, and another 300+/yr in payments. I'm so far into the process, I think it's too late to back out and go with a different lender. Is there anything I can do to be reimbursed? Or anything I can have my real estate agency do? +Don't send shit to their headquarters. Don't call them. Don't email them. + +You want to give the media MORE fuel in calling us the enemy? Seriously, stop it. Don't fucking dance. + +Hodl. That's what we do. +With all the market turmoil as of late, I figure there might be a lot of people out there who are curious about the industry but don't know where to look for information. Happy to answer any questions about anything: recruiting process, work/life balance, culture, pay, etc. + +Before you ask any new questions, **take a look at** [**the AMA I did last year**](https://www.reddit.com/r/algotrading/comments/az8azn/ive_worked_at_a_top_hftmm_prop_trading_firm_for/) where I give quite a lot of information. If your question is fairly basic, like "what do you do from day to day" or "what do you think about passive investing" or "what's starting pay at a prop shop", chances are you'll find the answer in that thread. + +No promises that I'll answer all the questions this time. As you might expect, work is very busy these days, so I'll pop in and out over the course of weeks and answer things whenever I have time. Preference given to college students who are interested in the industry. + +This is my porn account, so don't dig in its history for information about either who I am or where I work. You can feel free to dig around in it for porn and crude jokes though. + +Also, because I got a lot of DMs last time about this -- no, I won't look into joining your up-and-coming trading firm. Please stop asking. +Anyone have any idea when this thing is going to pop? I thought it would keep going up with inflation but maybe it will cool when the interest rate goes up? + +[https://www.forbes.com/sites/kamranrosen/2021/11/10/the-last-5-quarters-have-seen-the-largest-home-price-increase-in-our-nations-history/](https://www.forbes.com/sites/kamranrosen/2021/11/10/the-last-5-quarters-have-seen-the-largest-home-price-increase-in-our-nations-history/) +$DOGIRA + +&#x200B; + +What is it? + +Essentially, Dogira aims to bring the power of the blockchain to game developers and creators by providing unique gaming services, supported by an NFT Ecosystem. Through building a SDK/APIs for popular game engines, game developers could use this services to enhance their games with native blockchain elements or implement an anti-cheat technology based on blockchain-level verification, the possibilities are endless. + +&#x200B; + +D0GIRA ($35 million MC) has partnered with FEG ($2 billion MC), REAU ($40 million MC), and BINGUS ($10 million MC). So, why are partnerships vital to the success of a cryptocurrency? And, what do these three partnerships bring to D0GIRA? + +&#x200B; + +1) Increased market share and market access + +Probably the biggest benefit of a strategic partnership, at least to your bottom line, is the potential to acquire new customers in different markets. + +Entering into partnerships with established companies, that have huge numbers of users or customers, is a sure-fire way to greatly increase the number of people that know about, and can access, your product or service. + +All three of D0GIRA’s partners have their own customers (investors). Most notably in this regard, you should probably look at FEG. The FEG telegram recently grew to have 75,000 members. And they now sit at a $2 billion dollar market cap. As of today, the D0GIRA x FEG partnership involves FEG agreeing to list D0GIRA in their FEG Farming feature. More than a month ago, D0GIRA set aside 3 million tokens in vesting contract wallet that will slowly hand those tokens over to FEG linearly over the period of 1 year. Once FEG brings staking to their exchange, you will be able to stake your FEG to earn D0GIRA. This means that $2 billion dollars worth of FEG investors will see D0GIRA on the FEG website (that’s a lot of eyes and money looking D0GIRA). Also, consider the implications of staking to earn small amounts of D0GIRA. If these people sell their farmed tokens, then they likely won’t have enough to effect price. The real effect that farming D0GIRA will have, is that thousands of people will slowly accumulate small amounts of D0GIRA, enticing them to look into the project, and, hopefully, they will make the very good decision to purchase a sizable investment. This is really about getting a $2 billion market cap project to advertise for D0GIRA on their website. And with the growth that we are seeing, there is no telling what else this partnership could be expanded to entail. + +&#x200B; + +2) Expand reach + +Want to reach customers in different geographical locations? Partner with a leading business in the locations you want to establish your own brand. It's far quicker than trying to reach new customers in new locations from scratch. Expansion is the first step towards growth in new markets. + +Once again, this point about partnerships is probably most relevant to the FEG partnership solely because of their massive market cap. FEG listing D0GIRA in their staking pools will bring eyes from everywhere. More interestingly though, in my opinion, is the D0GIRA partnership with REAU. REAU is a project based out of Brazil. Brazil hasn't really been interested in crypto until now. A lot of Brazilians are angry with their central bank, and as a result, a lot of Brazilians are turning to decentralized finance. Their telegram channel has about 20,000 enthusiastic Brazilians chattering away at all hours of the day. Now, D0GIRA is fortunate enough to have attached itself to this crypto project that has a sort of “first mover advantage” just for identifying an empty void in Brazil and filling it with REAU. On the 17th, REAU will have our logo on their website - and you will be able to navigate to a landing page which will allow you to easily donate to the animal shelters supported by REAU. Donations are accepted both via BSC and ERC20, and of course - fully support direct Dogira contributions. This partnership might make D0GIRA the second project that a lot of Brazilians decide to invest in. Keep checking in on D0GIRA and REAU. They are planning a charity event that will involve investment and donation NFT’s. You will buy the NFT to contribute to a charity and the NFT will act as an investment that pays out holders in D0GIRA at a set date and time. + +&#x200B; + +3) Share resources/knowledge swap + +Perhaps an underrated reason for entering into a strategic partnership is to combine the resources of companies, or to gain more knowledge and expertise in a particular area. + +This third point is something that happens behind the scenes more often than not. You don’t really get to see the talks that go on between different crypto developers. On a smaller level, I can tell you that my idea for this write up came while discussing ways to improve telegram bots and marketing efforts with a couple of REAU telegram channel moderators. (I should mention that I am a moderator in the D0GIRA telegram). The swapping of resources and knowledge begins to happen almost immediately, even if the results take a bit of time to reach the public. On a larger level, another REAU related resource share is the fact that the D0GIRA x REAU partnership comes with the REAU teams prior experience vetting charities. There is already a list of charities that except donations from crypto projects at the bottom of REAU’s homepage. Now, D0GIRA doesn’t have to waste time doing something that somebody else in Brazil already did. In regards to the BIGUS partnership, the resource swap will once again be in the form of growing larger charity campaigns (BINGUS has already made around $30,000 in donations). We will also likely see a lot of resource sharing in the form of creatives. Bingus have worked with a wide array of influencers both inside, and outside of the Gaming Space - bringing a massive amount of eyes, and support towards their community token to date. Celebrities on board the BINGUS train: Michael Rainey Jr: The lead actor of Power Book II: Ghost; Charlie(moistcr1tikal): Youtuber and twitch streamer; Rookie Kanaka: Animal Youtuber; BBNO$: Rapper who released 2 songs for BINGUS. Can you imagine if somebody like moistcr1tikal streamed himself playing a game with D0GIRA integration sometime in the future. We'll be working together on joint campaigns focusing towards growing our respective communities, and aiming to multiply the amount that we can donate as a team towards these charity groups. Alongside this, we'll be working with Bingus to expand their own offerings in the utility and NFT worlds, helping to solidify a long-term partnership for our two growing tokens. + +&#x200B; + +Site: [https://dogira.net](https://dogira.net) (Telegram, Discord, Contract Address and Buying instructions can be found inside there!) +I have a lot of friends who have heard stats about how most professional traders do not outperform the market and therefore it’s a fool’s errand that a non-professional trader try to pick individual stocks to invest in, instead of just passively dumping things into an index fund. Obviously, there’s wisdom and value in this advice, but for those who have started to pick individual companies to invest in, I'm curious to hear your simple one(ish)-liners that hit on the reasonableness and appeal of stock picking. + +Imagine addressing someone who is: + +* Scared to pick individual stocks AND/OR +* Feels like it's gambling AND/OR +* Has heard, "most professional stock pickers can't even outperform the stock market long term." + +No paragraphs or multi-clause arguments or rebuttals to the prompt saying “it depends”. Quick and dirty one-liners only please. +I am a CFA Level 2 candidate, and moving to India from USA in next couple of months. As much as I know about Investing, I don't know much about Financial Planning for raising a family in India. Looking for some recommendation/books so I can start something. I can make a plan myself, and would be good enough, but, I'd still like to follow best practices if I can find for Indian Circumstance. + +Edit: I started reading this as it was only $4.77 + tax on Amazon. Looks decent, quick, and easy read. Works for my purposes. [Amazon.com: How To Be Your Own Finance Planner in 10 Steps (Master Your Financial Life Book 2) eBook: Chauhan, Manish: Kindle Store](https://www.amazon.com/gp/product/B00JOMOXR6/ref=ppx_yo_dt_b_d_asin_title_o00?ie=UTF8&psc=1) + +&#x200B; +**TA;DR** TDA is completely full of shit and changed their story mid-phonecall about the stock split. + +Following the instructions of good apes here on r/Superstonk I went ahead and called TDA to see if what I'd read 'round these parts was reliable. A previous post said to ask for a compliance officer, and I did, but they had me speak to a broker. + +Whatever. + +So I spoke with Brandon (I think), a broker, who told me unequivocally that this was a forward split, non-taxable, instructed to be in such a fashion per GME, explicitly. I was grateful and asked him to take a look at GME’s statement and how it explicitly stated that it was a a stock split by dividend, that they’d made a share distribution, and it was confusing for me. + +He informed me that they have a department of lawyers who determined that the non-taxable split was to be a forward split, i.e. a regular ol’ split where you divvy up existing shares into whatever number it is the company dictates. He explained that this was because GME used form 8937, a non-taxable split, therefore a forward split, therefore not a split via dividend. + +https://www.irs.gov/instructions/i8937 + +Seemed pretty concrete. + +I told him that this was very odd and that the statements by GME have been reiterated to the public that this was, in fact, a splividend. He said he was going to see if he could get some facts about it all and stayed on the line while he researched the issue. Eventually he read something to me about GME having instructed brokerages to perform a forward split. If I had questions then I should direct them to investor relations at GME. I thanked him, hung up with him, and went to the GME IR website and I saw everything right there, just the way we all know it to be. + +https://gamestop.gcs-web.com/stock-split + +The tax information is linked in the last word of the first paragraph. + +https://gamestop.gcs-web.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8 + +Right there it said exactly what it was supposed to say, so I call back. This time I speak with Stephanie. I ask for a broker or a compliance officer and she says chrily “I’m a broker! HOw can I help you?” + +I very humbly ask for her patience because this isn’t my field, but that it didn’t seem to make sense how the whole stock split went down. I told her I’d just spoken with Brandon, that it was explained to me that it was a forward split, it was done at GME’s direction, that I should contact IR at GME and direct my questions there, etc. I explained that I tried to contact them but that they don’t have a phone number, just a website, and on that site they provide all the statements concerning the split, the nature of it, how it was supposed to be handled, etc. She reviewed it and stuck to the official line. She said that she’s been told to provide the statement that it was a forward split according to GME’s 8937 filing and GME’s direct instructions. + +I then asked the question that started things getting interesting. I said that GME had given the available shares to the transfer agent, those shares were then given to the DTC, and the DTC was to distribute those shares to brokerages like TDA. + +“Did TDA receive that distribution?” + +“I can’t confirm or deny that.” + +“That makes me very uncomfortable as a retail investor. You should be able to tell me that. If it was a forward split and you didn’t receive a distribution then that means that GME is being dishonest, but their filing says otherwise. As a responsible investor, whether I’m an expert in these things or not, I’m doing my due diligence to assess the risks of my trades and I’m relying on my brokerage for clear information with regard to this. If you didn’t receive the shares then I have to track back from you to the DTC and ask them why the distribution wasn’t issued, if they say the same thing you have then I have to go to the transfer agent. If they say the same thing you did then I have to go to GME and ask them, tracking everything back. The problem here is that someone isn’t telling the truth and there’s no incentive for GME to lie about this. That’s not to say that at this point GME is absolved of wrongdoing, but this doesn’t look good because they have no reason to lie. As we’ve found the edges of this situation there have been numerous instances of fraud on the part of DTCC member brokerages. GME hasn’t done anything untoward.” + +She attempted to redirect my attention to the fact that the number of shares in my account are correct and that she didn’t understand what the problem was. I explained that it had a material effect on my tax filing and cost basis. Beyond that, with all the FTDs that are a matter of public record, there’s a huge difference between a forward split and a split via dividend. This wasn’t just about my tax filing but also about price discovery. If it was a forward split then all the existing shares would simply quadruple and all would be right in the world (sort of), but if it was a split via dividend and GME issued those shares for a distribution, all the FTDs that have been warehoused would have to have shares issued to them, as well. It would force those with short positions to go and find those shares on the open market. + +“Moreover, if you received a distribution, the shares have to be somewhere. But you did a forward split which means that TDA either issued them correctly and is telling everyone that they performed a forward split anyway, or TDA pocketed those shares. Where are those shares? You have to understand that this is not a good look for you. I should trust my broker and this severely jeopardizes my trust in you. If you did everything right then there should be no reason not to have that information available for shareholders like me.” + +I directed her to the filing document linked in the final word of the first paragraph. She read it aloud and asked if she could put me on hold while she contacted another department. + +It was already 2pm and I was going to be late for a meeting if I didn’t get off the phone. + +Fuck it. I couldn’t let it go. + +“I’ll hold, thanks for looking into this, Stephanie.” + +Luckily for me, I was at the right place for the meeting and no one else was there yet. I listened to the hold music for what seemed like forever and she came back, finally. Then she said something I couldn’t believe. **She changed her story entirely** and told me that there “had been a distribution and the stock split was issued via dividend with that distribution.” + +WTAF. + +“You just told me it was a forward split!” + +She began to sound uncomfortable but kept trying to redirect the conversation back to the number of shares in my account. + +“There has been a lot of misinformation online and I just don’t understand why it’s a big deal.” + +“Forget about whatever’s been said by any clowns online. I’m here asking you about what happened. Without knowing anything about why there are two different kinds of splits, or maybe even more, within this conversation we’ve had, you told me that it was one, gave me the reasons for why it was that one kind, told me that it was what you were instructed to tell me, and now you’re saying that it’s something else. There are different kinds of splits and without any consideration to what the stipulations of those splits are, you told me two different things. This is bad!” + +She began stuttering and not addressing the issue. I was late for my meeting and abruptly ended the call. + +“I’m sorry, I have to go. Thank you for looking into this but this is very bad for TDA,” or something to that effect. + +I’m completely dumbfounded. I can’t believe that call. + +If I got anything wrong about this, please feel free to inform me about what I’m not understanding correctly, but this just fucking stinks. + +I don’t know what this means for all of us but, as ever, BUY HOLD and DRS. + +There’s undeniable fuckery afoot and I witnessed TDA fucking with me right before my very eyes today. + +Mods, anything needed to confirm my story I'm happy to provide although I made no recording. If there's anything I can do to substantiate this I'm willing to comply. + +In the meanwhile, in anticipation of the "trust me bro" posts, please call TDA if you have an account with them and see for yourself. +Is anyone else in the same boat? I am cutting back on things I don’t need for example chewing gum used to be around $3 now looking at $4.50?! +Same with a lot of other items like yoghurt/cheese.. +I am simply cutting them out entirely as I can’t justify the prices despite inflation + + +# ... + +# 🚀🐩Welcome fellow future POODLers!🐩🚀 + +**A lot is happening right now under the elegant fur and behind the cool glasses of our good boi $POODL. We want to share all of it with you, so can decide for yourself, if you want to be part of our amazing community. So buckle up and enjoy the ride!** + +# 🐩What is $POODL?🐩 + +$**POODL** is a meme coin, everyone telling you something different is wrong. There is no underlying technology or project that is going to change the world in $**POODL**. This means $POODL’s **value**, like $DOGE or $HOGE, stems from the culture it is creating and the **community** it can rally around itself. But new developers on the team are already thinking about different ideas to give this token a real use case, like a social platform for memes, where you can use and share memes of other people for some tokens, using POODL to buy merchandise, play games and much more! + +# 💰Tokenomics💰 + +$POODL is an **ERC20**\-token based on the Ethereum blockchain. $POODL had **100,000,000,000,000** tokens as original supply: + +**95**% of provided **liquidity** is **locked** and will be relocked before the locking expires + +**1%** of every transaction is permanently **burned** + +**1%** of every transaction is automatically redistributed to all holders of $POODL token depending on the amount they have + +This means every time $POODL is **bought** or **sold**, your amount of $POODL will grow while the total amount of $POODL tokens existing will become less and less. Combined with the high gas fees for Uniswap, this has so far given the investors strong reasons to HODL their tokens. + +Right now, 87,755,313,094,347 tokens are left, which means more than **12**% of all tokens are already **burned**! + +# 🚀Why should I invest in $POODL?🚀 + +💰 The community drive has proven to be the strongest aspect of $POODL, creating the opportunity for everyone to actively decide the worth of the coin and distribute their abilities towards the project. The website is developed by a member of the community, logo and other art, marketing etc. Everything is done by the community for the community! + +💰 $POODL is now an **official** **trademark**! Getting a trademark on the name and logo of $POODL is a huge step forward regarding the legitimacy of the token and shows everyone taking a look at this good boi, that he is here to stay! Why else would we pay for this? + +💰 $POODL is listed on WhiteBit and will be listed on Coinsbit on Friday. While only having a fraction of the MC of other meme tokens like SafeMoon, POODL got listed much faster on its first exchange and is now coming to its second, because everyone is working and helping, not just the admins! + +💰 $POODL is **partnering** with **Canines** for **Disabled** **Kids**! This awesome **charity** raises **awareness** for the use of service dogs to help disabled children becoming more independent! All the paperwork is filed and the donation wallet will be open any day! Let's give something back! + +💰 $POODL has opened its own **Merch** **Store**! Buy some dope clothing or enjoy your morning coffee in an exclusive POODL mug! The store will get bigger and bigger over time, offering a wide variety of cool stuff to get and show support to our community! And while doing so, you also actively support not only us, but also Canine for Kids! A part of the earnings will go towards **marketing** and **funding** of $**POODL** while the rest will get donated to the charity! + +💰 $POODL is getting worldwide attention! Famous UK Rapper Young Adz (750k follower on IG) and US Rapper Hi-REZ (2 Mio follower on youtube) already tweeted about the coin, Big Man Tyrone made announcement videos about the WhiteBit listing and there is a constant wave of marketing coming to promote $POODL and bring it to those, who would not hear from it otherwise! + +Additionally, $POODL is competing in SSB’s Monday Moonshot right now and is currently leading the poll. The previous winners of this event were HOGE, SafeMoon, FEG and others. They all did at least an x3 after it. But $POODL is not even waiting for the contest to end and is already up by an astonishing 150% for the day! With 8 Million MC, there is still a lot of room left to grow, our ATH was about 32 Million and we are ready to reach for a new one! + +I can also promise you, with all these achievements already done, the admins are not stopping, instead they are working harder and harder, constantly updating the website (new meme generator, resources, look etc.), expanding the marketing, working towards new implementations of the token (games, meme platform etc.). + +I hope you can see now: $POODL is a legit meme token with serious potential. I do not want to tell you it will easily make x100 in a week, because this is no quick pump and dump project. I still have the feeling it has the most serious potential in the meme sphere and could have a future with a tremendous audience and amazing community. + +If you don't believe me, DYOR, join the Telegram channel, write to the admins and people or hop into the voice channel :) + + +Poodl is the top 5 gainer right now as well on coingecko: +[https://www.coingecko.com/en/coins/trending](https://www.coingecko.com/en/coins/trending) + + + +Website: [https://www.poodltoken.com](https://www.poodltoken.com/) + +Etherscan: [https://etherscan.io/token/0x56a980328aee33aabb540a02e002c8323326bf36](https://etherscan.io/token/0x56a980328aee33aabb540a02e002c8323326bf36) + +Dex: [https://www.dextools.io/app/uniswap/pair-explorer/0xcbc1ce4a9f18c6e8a0a328708ba6ab484f84bb47](https://www.dextools.io/app/uniswap/pair-explorer/0xcbc1ce4a9f18c6e8a0a328708ba6ab484f84bb47) + +WhiteBit: [https://whitebit.com/trade-pro/POODL\_USDT?type=spot](https://whitebit.com/trade-pro/POODL_USDT?type=spot) +This is not limited in scope to people who invest in lumber ETF's like WOOD. + +There is a lot of uncertainty around inflation, supply shortages, and corporate profits. To try to figure out what the hell is going on, I looked into the "first" real commodities shortage that made the news - lumber, a year ago. + +[LBS](https://www.nasdaq.com/market-activity/commodities/lbs) is currently near May ATH's. Keep this in mind. + +* Now it's pretty obvious lumber shortages were due to [Wildfires on the west coast](https://www.capitalpress.com/ag_sectors/timber/why-is-there-a-lumber-shortage-in-the-u-s/article_70382602-54fc-11eb-a16b-934c0ae1c18f.html) (No ad [version](https://web.archive.org/web/20210202010056/https://www.capitalpress.com/ag_sectors/timber/why-is-there-a-lumber-shortage-in-the-u-s/article_70382602-54fc-11eb-a16b-934c0ae1c18f.html)), wiping out wood supply at the source. + +* Or is it? Lumber shortages were actually because of [COVID-19 restrictions](https://fortune.com/2021/03/20/lumber-prices-2021-chart-when-will-wood-shortage-end-price-of-lumber-go-down-home-sales-cost-update-march/) at the sawmills, without a doubt. Sawmills are working at reduced capacity - we should see declining profits for these folks. + +* Actually, it's due to the [mountain pine beetle](https://web.archive.org/web/20210702170646/https://qz.com/), which infested BC forests, causing massive effects of damage and causing forests to need to regrow. + +* No, really. It's actually not a supply-side issue at all - lumber prices got here through [massive demand coming from people creating at-home workspaces](https://www.probuilder.com/blog/look-lumber-prices-supply-side) and moving out to rural areas. + +* That's nonsense, obviously. The real contributor is [US tariffs on wood import from Canada](https://web.archive.org/web/20210519002332/https://www.wsj.com/articles/why-are-home-prices-soaring-11617834557), which has been plaguing us for years. + +* But these reasons are all wrong, of course. The *real* reason there's a shortage is because of [chemical shortages](https://www.woodworkingnetwork.com/news/woodworking-industry-news/chemical-shortages-limited-freight-capacities-reduce-wood-adhesive) from Texas winter storms leading to a [shortage of resin](https://wjactv.com/news/local/lumber-prices-skyrocket-as-shortage-continues), which is integral for plywood. + +* Ha - fooled ya. It's nothing to do with lumber production, it's actually all [transportation related](https://cnr.ncsu.edu/news/2021/05/lumber-shortage/). + +### Why should I care? + +Even if you're not personally invested in lumber, there is a really concerning reason to care about it. + +The vibe you should get above isn't "gee, that must have been a perfect storm." It's that no one actually knows what the hell is going on, and why we're basically back to ATH's a year after the "shortage" has been resolved. + +Articles will look for a plausible reason, latch onto it, and feed it to you as if it's obvious. The above should make it abundantly clear that there was **no** consensus or transparency into why lumber evaporated for months on end. + +While sawmills were working at "reduced capacity", the combined net profits of the five largest publicly traded North American lumber producers (Canfor in British Columbia; Interfor in British Columbia; Resolute Forest Products in Montreal; West Fraser Timber in British Columbia; and Seattle-based Weyerhaeuser) somehow... [jumped a staggering 2,218%](https://fortune.com/2021/11/18/sawmill-profits-soared-bursting-lumber-bubble-bringing-them-back-down/#:~:text=For%20the%20third%20quarter%20of,down%2069%25%20to%20%241.1%20billion.). Take from that what you will. + +Keep this in mind with prices going up across the board. +I have recently started to learn about trading (udemy, babypips etc.) and I am very interested to learn more about the topic and of course how to make money from it. + +I don't expect to get rich from it, I dont expect to only make profit and never lose. + +BUT is it a realistic "dream" or rather goal, to live solely from forex trading? + +Again I want to emphasize that I don't expect to be the forex king within weeks or months or maybe even years. + +Edit : + +Thanks to all that commented and still going to comment. + +You all gave me great insights on how you think about the topic and it made me really look forward on how far I can reach! + +I am still on the very beginning, so I don't know how far I can come, but I will definitely try my best! +I'm looking for ways I can invest my high income into more time / energy for my wife in her demanding new job. + +My wife is going to start a job at a big law firm soon--not quite Big Law but a large firm that pays well and has high billable hour expectations. My understanding is that there are dramatic returns to your career from billing tons of hours. The difference between being a dud and being a rising star might be an extra four hours billed a week. + +I make $500k+ and want to find ways to spend some money to help her bill more hours without her going crazy. There are obvious ones like having meals delivered and setting up a good home office, but there must be other ways I have not thought of. Surely some of you made these sorts of investments as you were grinding out of the gate. + +Suggestions? +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. +Monday afternoon I took my best friend, an American Bully 2.5 year old dog, to the vet because he wasn't putting any weight on his back leg. + +Turns out he needed knee surgery that costed $4,000.00. I broke down because I didn't have that much, didn't qualify for the payment plan, and it was either the surgery or wait till his other knee blew out then put him to sleep. + +I put all the money I did have in GME around $97/ share & AMC at $4.84 Tuesday morning (a little less than $1k) with an exit plan to get out once I had enough for his surgery. This morning after market open I was able to sell enough to pay for his TPLO surgery! I am in tears and really grateful. Thank you everyone and good luck! + +A pic of me and my best friend this group helped me save - https://imgur.com/gallery/HBJ6h4S +**BEHOLD! THE GOLDEN CROSS!** + +&#x200B; + +https://preview.redd.it/gqxxieugx4i91.png?width=3840&format=png&auto=webp&s=5f0ab7bb7d7150166c51b9bd21284874c9a4c1a4 + +&#x200B; + +https://i.redd.it/aq17itxhx4i91.gif + +&#x200B; + +Here's the 2 year graph: + +&#x200B; + +https://preview.redd.it/gh3pwpvjx4i91.png?width=3840&format=png&auto=webp&s=7a9743861fd0b54b1428a5b871d05c110da3345c + +and the 2yr log scale graph: + +&#x200B; + +https://preview.redd.it/qfkyxfqmx4i91.png?width=3840&format=png&auto=webp&s=b58234083c35b5d44d8bc7aaed229ea2ee56a7df + +&#x200B; + +The Golden Cross is now confirmed. We even got some decent volume to solidify this beauty. I'll be looking for more tomorrow. + +&#x200B; + +&#x200B; + +**Tracking the Convergence:** + +Today, August 16, 2022 the 50 day SMA is $34.96, and the 200 day SMA is $34.91 + +50SMA is $0.05 over the 200SMA + +[Monday, August 15, 2022](https://www.reddit.com/r/Superstonk/comments/wp9b66/golden_cross_update_tracking_the_convergence/) 50 SMA $34.78, 200 SMA $34.93 = a difference of -$0.15 + +[Friday, August 12, 2022](https://www.reddit.com/r/Superstonk/comments/wmuhpy/golden_cross_update_tracking_the_convergence_this/) 50 SMA $34.66 - 200 SMA $34.95 = -$0.29 + +[Thursday, August 11, 2022](https://www.reddit.com/r/Superstonk/comments/wm0qo9/golden_cross_update_tracking_the_convergence_now/) 50 SMA $34.45 - 200 SMA $34.97 = -$0.52 + +[Wednesday, August 10, 2022](https://www.reddit.com/r/Superstonk/comments/wl7gwv/golden_cross_update_were_not_there_yet/) 50 SMA $34.29 - 200 SMA $34.99 = -$0.70 + +&#x200B; + +&#x200B; + +**Thank You** + +Thank you to the apes that have been following along, and a special thank you to u/jab136 for adding value to these posts by projecting what prices $GME needed for the GC. + +This is where my Golden Cross updates end. I'm very excited to see what happens next, there's a lot of cool theories and DDs that speculate some interesting things. While tracking the GC I thought it was best to stay impartial and just simply present the data, especially when other people were jumping the gun and posting things they shouldn't have. But now that it's happened I think I can finally print some of these: + +🚀🚀🚀🚀🚀🚀🚀 🚀🚀🚀🚀 🚀 + +I enjoyed making these posts and connecting with y'all after being mostly a lurker here since the beginning. If there's anything else I can do to help around here, I'm open to suggestions. + +&#x200B; + +https://i.redd.it/htha1twtx4i91.gif + +&#x200B; + +**FAQ:** + +What is a Golden Cross? [Investopedia's definition](https://www.investopedia.com/terms/g/goldencross.asp), it's when the 50 day Simple Moving Average using closing prices crosses above the 200 day SMA. The Golden Cross is a lagging confirmation indicator, meaning that it confirms we are currently in a bull market. + +What happens after the Golden Cross? MOASS? Let's find out together. + +Why are you tracking this? Here's [my post from last week.](https://www.reddit.com/r/Superstonk/comments/wkno2e/golden_cross_update_t2_since_a_post_faked_it/) I want to give apes accurate information. + +&#x200B; + +&#x200B; + +TLDR: Today is the Day of the Golden Cross. + +Edit: mistyped by one penny +First time poster here. I'm 20-years old and have three semesters remaining in college. I will almost certainly graduate debt-free with a degree in a field I shouldn't have much trouble finding a solid job in. + +I don't work during the school year, but my expenses right now are super low. Almost everything I need to be a student, including most of my living expenses, are covered by scholarship. I've always been a pretty frugal spender. For example, I've lived in the cheapest possible dorms/apartments every year in school, buy the cheapest groceries, and so on. I'm not afraid to spend it, but I was just raised on the idea that saving is better and to not make dumb impulsive purchases. + +I currently have about $35,000 just sitting in my bank account doing absolutely nothing. Any expenses that I do have will be easily replenished by the winter break and summer work I do. I just landed an internship at a major company that will pay me $24/hour for 40 hour work weeks this summer. I feel like that's good for someone my age. + +My goal is to get a job right after graduation and that seems pretty attainable. I feel like upon finding that new job, the current money I have saved in my bank account ($35k) will be of less value to me. As in, why be so frugal in college when I could spend some money, treat myself to things I've been wanting, and so on? + +I want to spend more money from the chunk I have saved on some nicer things. Like a nicer apartment for next year. Nicer shoes. Maybe a fun trip with friends somewhere. Is this a bad way of thinking? + + +The LGL Group is an electronics company that is headed by famed value investor, Mario Gabelli. + +The market, as of October 17, 2022, values the company at $24.30 million. Is the company worth that much? Let us dive in. + +As of the previous last quarter, LGL has $22.35 million in cash on hand. The company has no debt. Even without the spinoffs, the Enterprise Value of LGL is $1.95 million. In other words, after factoring in cash and debt, it would only cost $1.95 million to buy the company. The Earnings Per Share of LGL in 2021 was $2.77 per share, compared to nineteen cents per share in 2020[\[1\]](https://www.reddit.com/r/ValueInvesting/submit#_ftn1) and $1.44 per share in 2019. In 2019, LGL made $7.02 million. In other words, the company could be bought off with less than a year’s with of earnings. Free Cash Flow between 2018 and 2020 steadily increased, from 27 cents from 2018 to 53 cents in 2020. + +LGL, through an investment into an SPAC, owns 2,843,935 million shares of IRNT. The problem with this stock is that IRNT has a negative return-on-equity of 884.50 percent, trading 96,58 percent below its’ fifty-two week high, having more current liabilities than current assets; and, has negative earnings, book value, and free-cash-flow. Even Chairman and co-CEO of IRNT, General (Ret.) Keith Alexander, concedes that the company, “encountered unexpected headwinds in our transactional business this quarter. To contain costs, we are undertaking a further restructuring of the company[\[2\]](https://www.reddit.com/r/ValueInvesting/submit#_ftn2),” a plan that may be difficult given the current recession. IRNT is worth 58 cents a share. That means that LGL’s investment into IRNT is worth $1,649,482.30. + +Earlier this month, MPTI was spun-off from LGL. Shareholders of the LGL company would get a half-share of MPTI. In 2021, the earnings per share of the company was twenty-nine cents per share with a current share price of $10.70 (as of October 19, 2022), making the P/E ratio of MPTI to be 310.3. However, this is irrelevant. LGL owns half of MPTI; and MPTI is currently worth $28.92 million, meaning that LGL’s worth into the company is $14.46 million. + +How does LGL compare to other companies? According to MarketBeat, most similar companies (such as Applied DNA Sciences and Midwest Energy Emissions), have a negative price-to-earnings ratio. Furthermore, unlike LGL, which has sales of over $30 million – meaning that the company’s revenues are higher than its’ market value – other companies have market values higher than its’ revenues. The only one whose revenues are largest market value is Chicago Rivet & Machine Co. (CVR). Comparing LGL and CVR, however, shows that LGL has strong clearer financials. Whereas LGL has enough earnings on an average year to pay off their enterprise value, CVR’s earnings yield is less than a 30-year Government bond. + +What is the intrinsic value of LGL? Since Mario Gabelli is the majority owner of LGL, let us divide LGL to three parts: free-cash-flow, earnings per share; and, private market value. + +As explained earlier, average free-cash-flow in 2020 was $3.2 million, up from about $800,000 in 2017. FCF growth during the four years was seventy-five percent. All electronic component companies that were studied on Finviz either had negative free-cash-flow; or, has a low FCF yield. FCF/EV for 2020 for LGL was less than one, meaning that LGL in 2020 alone could have bought their own company. If LGL continued to grow at a mere twenty five percent, the value five years from now would be $17.38 per share. Thus, the value of LGL in terms of FCF is $17.38 per share. + +Now, earnings per share. Over the past four years, the average EPS of the company is $1.16. The current stock price (as of October 19, 2022), is $4.95. This means that the four-year average price-to-earnings ratio of the company is 4.27. Now then, out of the twenty-seven companies (according to Finviz) that have a earnings-per-share growth over the past five years, the median (the fourteenth one, TE Connectivity LTD) has a price-to-earnings ratio of 14.66. That means that, for a company with steady growth, good management, and hidden values, LGL’s price-to-earnings should be based on the median. Under that scenario, LGL is worth $17 per share in terms of earnings. + +Now, private market value. Without cash and since the company has no debt, LGL (as explained before) has an enterprise value of $1.95 million. However, this does not factor in the $16.11 million in stock of IRNT and MPTI the company owns through spinoffs. If LGL were to sell the company’s stake in the two companies, LGL (even without other hidden values), would have an enterprise value of negative $14.16 million. + +So, what is the true value of LGL? With FCF and EPS, LGL is worth $34.38 per share, or a valuation of 6.95 times its’ current price. I believe that the catalyst is that, with a good company run by an investment advisor worth billions, with great financials that is undervalued by the market, someday, someone will recognize the value of the company and say, “hey, LGL is a good company to buy.” Until that day comes, LGL – as long as they steadily grow their FCF and EPS and maintain steady value with their spinoffs – will be profitable. + + + +[\[1\]](https://www.reddit.com/r/ValueInvesting/submit#_ftnref1) The main factor for this significant EPS decline was due to the COVID-19 crisis of 2020 + +&#x200B; + +[\[2\]](https://www.reddit.com/r/ValueInvesting/submit#_ftnref2) https://finance.yahoo.com/news/ironnet-reports-fiscal-second-quarter-202000853.html +I was looking into setting up my finances for early retirement and was looking for literature in the Indian context. Freefincal's blog seemed to be widely recommended, both here and on /r/FIREindia but I was shocked to see how bad it is. + +The ebook (which seems to be a collation of blogs on this topic) is [https://freefincal.com/wp-content/uploads/2016/05/How-to-retire-early-in-India.pdf](https://freefincal.com/wp-content/uploads/2016/05/How-to-retire-early-in-India.pdf). I noticed the following + + +1. He discusses four strategies while assuming that both the inflation rate and portfolio returns is constant. While you can simulate a constant inflation rate by increasing your withdrawals by a fixed rate every year instead of the actual inflation rate, there is no way your portfolio will return a constant rate every year. This makes all his analysis, sheets and conclusions completely useless! +2. Even if we ignore that portfolio returns can never be constant, he claims that you need a 3.1% real rate of return for a 3% constant withdrawal rate strategy to work at 8% inflation. However, his own Excel calculations show that the portfolio size increases 31x! (\~100% capital preservation after adjusting for 8% inflation). While it may be his own personal goal to preserve his entire portfolio value to bequest to his children or charity, other early retires may not care about capital preservation. Assuming a 25% capital preservation target (to have a buffer), the real return required drops to \~2% so claiming that 3.1% is need is misleading. +3. He also claims that more early you retire, the lower the corpus you need. Thats astounding! How? Basically, after pages and pages of talking about inflation - he doesn’t adjust the retirement amounts for inflation. His “Dagwood” at 50 needs 6.7 crore! His “Dagwood” at 60 needs 11.8 crore (or 5.47crore in Dagwood-50 rupees!). His “Dagwood” at 65 needs 14.8 crore (or 4.67crore in Dagwood-50 rupees!). I got a good laugh reading this one!  +4. He seems to misunderstand the concept of SWR completely. He seems to consider it as withdrawing a fixed percentage of your portfolio every year (i.e. a "constant withdrawal rate strategy") when its actually what he described in the first strategy (i.e. "drawdown strategy”). You use the SWR to determine what your first withdrawal amount will be and then make inflation adjustments for every subsequent withdrawal.   + +How does he have such a high opinon among finance savvy redditors? +*I hope this post fits this community!* + +I am 31 years old and have wanted to move to the United States, especially Texas, for a long time. It's a childhood dream, and I want my children to grow up in the United States. I don't have children yet, but they are firmly planned. + +I have a dual citizenship already so I'll have a triple in the future. + +Please don't start with "Why would you move to the States, Europe is a lot better?" etc.... My personal disadvantages are outweighed by any advantages. + +For the majority I'm not actually FIRE'd (who is?), but I am fat and I parted ways with my original company just before covid hit so I could go after my actual passions and go after my own schedule. Personally I'm pretty sure I'm fatFIRE'd but for a lot of people my passion looks like work to them so they don't see it as retired. + +I do VC with a group of people I got know the way along, I'm a BOD in four companies in Switzerland and manage about 80% of my own assets. These companies in Switzerland don't need me personally, we do everything with Zoom or Teams nowadays. If I'm needed, it's no problem for me to fly over or send someone to solve the problem or whatever. + +30% of my properties are managed by a company in Switzerland, the other 70% are already managed by my family's private company. I have sold a few units in the last 1.5 years and I am thinking about getting real estate exposure in the States. Real estate is a smaller part of my net worth so it doesn't matter that much, but I still like it as a hedge for worse crises, thats why I would love to have exposure near me in the States. + +Of course, since I plan to come to the U.S., I'm already talking to other VCs and entrepreneurs in America. All of my VC investments are alpha and not beta at all, my beta is very well suited for raising a family - So I shouldn't be a problem for the USCIS or IRS. + +So my question is, is it easy to move to the US as a HNWI, become an American, get involved in the business world as an investor and advisor, and buy some real estate for rental purposes? + +At the moment I have no family office but I'm planning to establish one. That shouldn't be a problem if its domicile is in Switzerland? + +I'm already in conversation with an expert but I still want to hear some other voices and their advice! + +Thanks a lot for your help in advance, I really appreciate it and happy holidays! +We're down about 50% in our total investments, which I manage completely. This means we won't be able to buy a car, despite us having another baby in the way and just one vehicle. It also means our dreams of being homeowners are on hold. + +She was upset, but she said we shouldn't sell for a loss, and just to keep holding for the next few years and act as if the money doesn't exist. + +I fucked up royally, and she could've been much worse. + +Hope anyone else in a similar situation makes out okay. + +Remember, if you do all the investing, that means you did all the losing. Don't deny this. + +Good luck out there. +I'm honored to present to you a **Third Edition** of **Crooks Cookin the Books**, featuring an old ~~friend~~ nemesis, Robinhood, and a newly knighted partner in crime, Drivewealth, LLC. More on them later... + +Here's the first 2 parts of what is sure to be at least a 4 part series: + +[Part 1: RH increases total January OTC trades by 32%](https://www.reddit.com/r/Superstonk/comments/p4w9hq/january_gme_otc_trades_increased_by_32_last_week/) + +[Part 2: Crooks keep Cookin like Nobody is Lookin](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) + +&#x200B; + +&#x200B; + +These images were taken directly from [FINRA OTC TrAnSpArEnCy website](https://otctransparency.finra.org/otctransparency/OtcDownload). + +Please feel free to spread this on social media, send to the DOJ, SEC, FINRA, your local senators, family, or any of your fellow apes who are becoming disillusioned that MOASS is even possible. + +&#x200B; + +Without further ado... + +# 2019 GME Daily Volume + +[Some cyclical volume spike with the price shorted down heavily on 1\/29 and 6\/5](https://preview.redd.it/ftxxv3a24cn81.png?width=2046&format=png&auto=webp&s=78ecd26b7eea91c154806b091141dc30ef9de0f6) + +The price dropped from $16.00 in January 2019 to under $4.00 in August 2019. It found some solid footing and ended 2019 at around $6.00/share. + +* The daily volume on 1/29/2019 was **32,870,301** +* The daily volume on 4/3/2019 was **26,597,949** +* The daily volume on 6/5/2019 was **39,354,238** +* The daily volume on 8/22/2019 was **29,191,471** +* The daily volume on 9/11/2019 was **34,005,008** +* The daily volume on 12/11/2019 was **19,538,910** + +Well let's take a closer look at who was trading OTC on these weeks: + +[Citadel, Virtu, G1 Execution, Two Sigma, Wolverine, HRT, Cowen, and De Minimus firms](https://preview.redd.it/wnda875b4cn81.png?width=1021&format=png&auto=webp&s=2c95fb975b2a66795ddfe25821a2cbaef1460a10) + +Citadel, Virtu, G1 Execution, Two Sigma, and Wolverine were the major OTC participants during the high volume weeks of 2019, with a little help from HRT Execution, ACS Execution, and the infamous "De Minimis Firms". + +These fuckers were shorting the shit out of GME, usually just after earnings, in an attempt to cellar box GME down to zero. + +# + +# What about 2020? + +# 2020 GME Daily Volume + +[Some big cyclical volume spikes, but look how badly they lost control of the price in August 2020](https://preview.redd.it/j4j1yn3i4cn81.png?width=1769&format=png&auto=webp&s=f63a219aab0d758e466ac7899e8fbac95ac77dec) + +We see some decent volume on: + +* January 14th, 2020: 12,562,570 +* April 14th, 2020: 13,506,630 +* June 8th - 10th, 2020: 10,133,660; 8,073,448; 10,606,370 +* August 4th, 2020: 10,361,360 +* August 21st, 2020: 10,642,590 + +Before things truly got out of control on August 31, 2020: **37,976,000** + +# Here's the OTC data from those weeks: + +[Virtu and Citadel doing most of the heavy lifting, with help from G1 Execution, Two sigma and De Minimis Firms. 12 Participants traded during the week of 8\/31](https://preview.redd.it/usb59urm4cn81.png?width=1181&format=png&auto=webp&s=0b10c4da0c61d39940424e7e2c52811c5913df8f) + +Look who decided to join the August 2020 OTC frenzy one year later (**August 31, 2021**). None other than Robinhood Securities... + +This is **now** officially the first time RH traded GME OTC. Previously, the first time they submitted OTC trades was January 2021, but I guess they were allowed to go back in time and submit some trades for August 2020 after their IPO in July 2021 to make sure the numbers added up, especially after the massive ape migration. + +Smells like fraud to me. + +Just for emphasis, they submitted these GME OTC trades for the week of 8/31/2020 on **8/31/2021**... + +And we thought DFV was the only time traveler... + +&#x200B; + +# Week of 8/31/2020 + +Let's zoom in on the week of 8/31/2020, when 12 participants joined the OTC frenzy. + +That week was interesting. + +On 8/31/2020 the total **Daily** volume was **37,976,000**. + +The next day, on 9/1/2020 the total daily volume was **23,211,051**. + +The **Total Weekly** volume was **96,204,655**. + +**45,732,851 shares** (**47.54%**) were traded OTC by these 12 participants in 114,093 trades (400.8 shares/trade). + +**One year later, on 8/31/2021**, RH added **3,964 trades** with 4,082 shares (**1.03 shares/trade**), and is now responsible for **3.47%** of all trades made that week... + +You're telling me that they were able to trade over 4,000 shares in almost 4,000 trades when the share price was less than $6.00/share in August 2021 when the share price was $220.00? + +Why were they adding never-reported OTC trades one year later? + +**The Crooks Keep Cooking the Books!** + +&#x200B; + +# But why did things get so out of control on August 31, 2020? + +You probably already know the answer to this one. **RC bought the dip!** + +[RC bought his first 6.2 million shares between 8\/13 and 8\/31\/2020](https://preview.redd.it/66jqk2ku4cn81.png?width=1190&format=png&auto=webp&s=9fff6659ee4b158d3d8b26a166678b2acaa743a0) + +He purchased **6,215,326 shares** between 8/13 and 8/31/2020. + +He filed his first 13D on **8/28** and then the amended version on **8/31**, shown above. + +Citadel and Virtu called upon Comhar Capital, Cuttone & Co, HRT Execution, Jane Street, Two Sigma, UBS, Wolverine, and De Minimus Firms to help minimize the damage. + +# September 2020 + +[RH adds 13,030 trades for September 2020 on 8\/30\/2021 - 9\/1\/2021](https://preview.redd.it/v4l8afdy4cn81.png?width=1098&format=png&auto=webp&s=7e0b03d55ef059180bbded5bc7e99af25bd03528) + +RC submitted another 13D on **9/21**, showing he had purchased another **284,674 shares**. + +The volume spike on **9/22** was **34,752,480**. + +That week, **31,587,637 shares** were traded OTC in 91,350 trades (345.79 shares/trade). + +The weekly volume for that week was 68,497,431, so **46.12%** of the weekly volume was traded OTC by these participants. + +RH added 4,792 trades with 4,946 shares (1.03 shares/trade). + +The 4,792 trades are 5.25% of the weekly OTC total. These were submitted on 8/31/2021. + +&#x200B; + +According to the **monthly data**, RH added **16,095 trades** with 16,597 shares (1.03 shares/trade) for September 2020 on **8/30 - 9/1/2021.** + +That's only 0.02% of the monthly volume, but now accounts for **5.58%** of September 2020 monthly OTC trades. + +**The Crooks Keep Cooking the Books!** + +# October 2020 + +[Another busy month!](https://preview.redd.it/3n1yz1t55cn81.png?width=1029&format=png&auto=webp&s=a398b165e14657e7737393386839b998563706cd) + +According to the **monthly data**, RH added **26,581 trades** with 28,427 shares (1.07 shares/trade) for October 2020 on **8/26 - 8/27/2021.** + +That's only 0.02% of the monthly volume, but now accounts for **5.58%** of October 2020 monthly OTC trades. + +That month was particularly wild: + +* **359,887,057** shares traded overall +* **175,936,989** shares traded **OTC** +* **48.89%** of monthly volume traded **OTC** +* **503,774** total **OTC trades** +* Shares/trade were 349.24 overall, while RH shares/trade was 1.07 +* All other participants submitted their monthly trades to FINRA on 12/7/2020, while RH submitted their October 2020 monthly OTC trades on **8/27/2021** + +**The Crooks Keep Cooking the Books!** + +# November 2020 + +https://preview.redd.it/f1etc3i85cn81.png?width=1022&format=png&auto=webp&s=8cc65dd49a7690ed066ccaa96fce1d9236b92a3e + +According to the **monthly** data, RH added **14,733 trades** with 15,247 shares (1.03 shares/trade) for November 2020 data on **8/24 - 8/26/2021**. + +That's only 0.02% of the monthly volume, but now accounts for **5.99%** of November 2020 monthly OTC trades. + +**November 2020 data:** + +* **161,522,956** shares traded overall +* **69,453,506** shares traded **OTC** +* **43.00%** of monthly volume traded **OTC** +* **245,943** total **OTC trades** +* Shares/trade was 282.40 overall, while RH shares/trade was 1.03 +* All other participants submitted their monthly trades to FINRA on 1/4/2021, while RH submitted their November 2020 monthly OTC trades on **8/26/2021** + +**The Crooks Keep Cooking the Books!** + +&#x200B; + +# But we're just getting started... + +# December 2020 + +[Out of nowhere, here comes Drivewealth LLC in December 2020 recording 4,723 trades in December 2021. That's after RH already added 30,823 trades to the monthly total in August 2021. 35,546 in total](https://preview.redd.it/e15k28gb5cn81.png?width=1110&format=png&auto=webp&s=330df248d7aa8c10376dae46f6702fd37da6cb58) + +**A partner in financial crime!** + +**Fraud finds a friend!** + +**Robinhood and Drivewealth, together til the end.** + +After not having recorded a single GME OTC trade before **October 4, 2021**, here comes Drivewealth in December 2021, recording **4,723 trades** for **December 2020 (according to the monthly data).** + +That's after RH already added **30,823 trades** to the running total on **August 20-24th, 2021**. + +December 2020 data: + +* **251,336,569** shares traded overall +* **110,606,452** shares traded **OTC** +* **44.01%** of monthly volume traded **OTC** +* **455,712** total **OTC trades** +* Shares/trade was 242.71 overall, while RH shares/trade was 1.03 and Driveweath was 1.00 +* All other participants submitted their monthly trades to FINRA on 2/1/2021, while RH submitted their December 2020 monthly OTC trades on **8/24/2021** +* Drivewealth submitted their 4,723 brand new OTC trades on **12/27/2021** after previously not reporting any GME OTC trades before the week of October 4, 2021. + +In total, **35,546 trades** were added 8-12 months after the trades were supposedly made. These now account for **7.80%** of the total OTC trades for December 2020. + +**The Crooks Keep Cooking the Books!** + +&#x200B; + +[Point72 and Fidelity sponsoring Drivewealth](https://preview.redd.it/z67njap78cn81.png?width=930&format=png&auto=webp&s=57c580ee619e9e83e9997904706139a29c0d6016) + +&#x200B; + +# The January Jump-off - January 2021 + +Not only does Robinhood continue to cook their books, adding OTC trades to the FINRA OTC site up to one year after they supposedly occurred, but Drivewealth has officially joined in on the financial fraud. + +**January 2021 GME OTC** + +https://preview.redd.it/dvcisntn5cn81.png?width=1048&format=png&auto=webp&s=ff56910e034e1a16e7ceccd73e5d676ed033b687 + +**Don't forget the week of 1/25/2021** + +https://preview.redd.it/i18jkoxp5cn81.png?width=1001&format=png&auto=webp&s=0f750d8db28e3ea42e49eb7c372e39cebe55b8e1 + +**January 2021 was fun!** + +* **1,262,397,065** shares traded overall +* **527,520,375** shares traded **OTC** +* **41.79%** of monthly volume traded **OTC** +* **8,031,573** total **OTC trades** +* Shares/trade was **65.68** overall, while RH shares/trade was 1.01 and Driveweath was 1.00 +* RH's 1,852,210 trades were more trades than Virtu (1,774,037), and second only to Citadel (2,557,687 trades) +* All other participants submitted their monthly trades to FINRA on 3/1/2021, while RH submitted their January 2021 monthly OTC trades on [8/12/2021](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) +* According to the monthly data, Drivewealth submitted their 401,797 brand new OTC trades on **1/10/2022** after previously not reporting any GME OTC trades before the week of October 4, 2021. +* Citadel supplied **252,315,846 shares**, **47.81%** of all shares traded in January 2021. They also made **31.85%** of all GME OTC trades. + +In total, **2,254,007 trades** were added 8-12 months after the trades were supposedly made. These now account for **28.06%** of the total OTC trades for January 2021. + +**The Crooks Keep Cooking the Books!** + +# February Fuckery 2021 + +https://preview.redd.it/9yecfdfu5cn81.png?width=767&format=png&auto=webp&s=19ab360f1011cd4a19f298720e32c719dbba1637 + +# I'll cover February and March 2021 in more detail in Part 4. + +# Here's the 2021 monthly data: + +[January - March 2021](https://preview.redd.it/oz5msgax5cn81.png?width=984&format=png&auto=webp&s=259c7f97b8a6e2460e99a6861da3dee1d1a6c7ae) + +[April - July 2021](https://preview.redd.it/alt4eqw16cn81.png?width=991&format=png&auto=webp&s=1a1932fb3faffc97787d24cc29bd9779d06da4b3) + +[August - November 2021](https://preview.redd.it/mzr3xw546cn81.png?width=1018&format=png&auto=webp&s=3775e16abc1227d606909e5beb4540a08c91aab7) + +**December 2021 and January 2022** + +https://preview.redd.it/nxl4ken76cn81.png?width=962&format=png&auto=webp&s=3665422c5007f0906c5b4f7b1d50f1908e4cdde6 + +# And this is the short volume for the past year. + +Seems pretty cyclical to me. + +These blue arrows are all the same size. + +Looks like RC timed the Earnings Call (and possible GameStop Marketplace announcement?) just right! + +[14,924,764 in reported short volume on 3\/10\/2021, the date of the big dipper.](https://preview.redd.it/a47n03w96cn81.png?width=1006&format=png&auto=webp&s=8bf5e8403074648683dcf74ec2f05d10a9fc0a2c) + +# GME Closing price vs. reported Short Volume (one year) + +https://preview.redd.it/1vsjycgf6cn81.png?width=3889&format=png&auto=webp&s=1ab3534d962a55bcb1d678387f6fb008e8c0f25f + +# This is what GME vs. OTC looked like before they messed with the data. I'll update it for Part 4: + +[GME vx. OTC shares\/trade](https://preview.redd.it/0tfkcsji6cn81.png?width=2016&format=png&auto=webp&s=d48802b8ca54f3ddccb9d72288c0a727a7fbe129) + +# TLDR and Bananas for thought + +I'll keep adding to this over the next few days. I just wanted to get some eyes on this and some discussion in anticipation for the **Part 4** (of?) in the **Crooks keep Cookin the Books** series. + +We've seen a lot of cyclical volume over the past few years. Most of the time on no news, and responsible for the "cycles" we all love to try to predict and understand. This has shown in the short volume data over the past year (top image above). + +We look to be heading for another peak in volume over the next few days, likely cohenciding +/- with the Earnings Call on 3/17. + +A majority of Robinhood's book cooking happened in August 23-30th, 2021, right around our abbreviated climb on 8/24. + +They also recorded a bunch of new GME OTC trades in November 22nd, 2021, right before our abbreviated climb that ended on 11/24. + +Smells scandalous. + +What about Drivewealth? Drivewealth LLC didn't report one GME trade until 10/4/2021. Now they're reporting OTC trades for December 2020, submitted to FINRA OTC website in December 2021 and January 2021 in January 2022. They miraculously back-dated all their trades to make their numbers look a little bit better too? + +We're not talking about a few trades here or there, we're talking millions of trades with millions of shares, often at approximately 1.00 shares/trade and 8-12 months after they supposedly took place. + +Conservatively, from August 2020 to present, we've seen RH add over 2.488 million previously unreported trades 8-12 months after they were supposedly made. Drivewealth has now done the same, with 2.999 million trades reported 8-12 months after the trades supposedly took place. + +That totals over **5,488,225 trades!** That's not counting any RH OTC "adjustments" from March 2021-August 2021. + +If **$5,488,225** hasn't seemed like a realistic floor to you before, you'd have to at least consider it now. Make them pay. A dollar per fraudulent trade doesn't even seem like enough. + +In Part 4, I'll try to crunch some more numbers for these other participants to see how deep this grave really is. + +The game is rigged. We're playing against billionaire criminals who report fraudulent trades directly on the FINRA OTC TrAnSpArEnCy website in plain daylight. Let's finally get them caught. + +Also, I would love to somehow get u/Dlauer's take on this unusual OTC activity as well as the major discrepancy in shares/trade for GME vs the OTC. + +Until next time! **The Crooks Keep Cookin like no-body is Lookin!** +These two douche canoe Youtubers are actively blocking and silencing anyone whos speaks up against the APEFEST. These dudes are clearly not here for the betterment of our community if they are stupid enough to push such a blatant shill agenda. These guys cannot be trusted and we should all unsubscribe to there channels if they will not let us warn our ape brethren about the perils that lie ahead. + +&#x200B; + +EDIT: A MOD from Andrew MoMoney's team reached out to me and offered this explanation... As I absolutely support our APE NO FIGHT APE agenda I'm going to post his message for everyone to see so they can decide for themselves how they feel. + +&#x200B; + + I'm a mod on mo money (john desilva) , it was probably me who timed you out because at the start of the day there was loads of people saying fk ape fest , yesterday when i went to bed apefest was a good thing so i assumed the comments was SHF shills trying to ruin our good time , After checking Reddit and reading the DD about ape fest being seen as a way to view us as a collusion, I spoke to the other mods and we agreed that its a possibility so it was agreed any ape fest talk good or bad wouldn't be timed out from that point , As an ape myself i try to stomp on fud as quick as i can , day in day out there's 100s of shill comment saying sell sell its dead etc , I get there is a lot of people who don't like Andrew but there is a lot of people who do and they are an ape so to boycott Andrew would be ape on ape, We don't need it, the fight is at the SHF . Andrew has already said he isn't promoting the apefest at this point until it can be proven its not a SHF play . OP sorry for timing you out mate it was a genuine act to stop what i thought was FUD :D I cant reply on the post i don't have the karma. + +&#x200B; + +&#x200B; + + +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) +The entire market is bloody red and today is the day 801 is suppose to be passed. If you don't know what it is, please read about it! In short, hedgies need to put up like 20x the collateral to short or in other words they are fucked! Dogecoin is soaring and who owns a lot of dogecoin? That's right, fucking robinthehood! Guess what? Rh is basically citadel bitch, so basically citadel is pumping up doge to raise money. Guess what, rh restricts selling so citadel can make money and retails gets fucked over again. Get out of rh already! Check the rest of cryptos, they are all down and Elon didn't tweet anything about dogecoin. Hm interesting, maybe shitadel needs money to not be margin called + +Apparently shares are hard to fill overseas! Liquidity is drying up. Why can't you buy shares? Maybe there aren't any real shares floating around and you can't buy fake shares overseas! Here is a picture of no volume from today!https://www.reddit.com/r/Superstonk/comments/n4t1mb/we_just_had_two_1_min_candles_with_0_volume_in/?utm_medium=android_app&amp;utm_source=share + +Also shitadel registering something in Cayman Islands. There are no coincidences, shits going down. + +https://www.reddit.com/r/Superstonk/comments/n4sbhz/omg_wtf_did_shitadel_register_something_in_the/ + +Also technical analysis is pointing to a breakdown at the apex soon and many DD out there talking about the Elliot wave and how we are primed to pop. Also the TTM squeeze is showing signs of a pop! Not to mention the Macd and the volume drying up, that's a good sign for big volume to come in and you know what happens afterwards 🚀 + +Also Reddit been down for me for an hour or so! Please let me know if you apes are experiencing it as well. Remember when they took down wsb and gme sub? Yeah it is coming together. Also a lot of apes are having technical difficulties from Reddit. Hm, coincidence again? + +Also gme is hard to borrow on TDA +https://www.reddit.com/r/Superstonk/comments/n4qmg5/ooooopppss/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +Anyways no dates, my point is that dogecoin going up and the market going down today isn't a coincidence. Some shit is brewing and my tits are jacked. Always jacked! + +Diamond hand apes, we are in the endgame + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀💎💎💎✋✋✋ + +If I miss something or I am wrong on some points, please let me know!!! + +BTW gme is moving up after hours? Hmmmm interesting + +IMPORTANT INFO, 801 is ready!!🚀🚀🚀 +https://www.reddit.com/r/Superstonk/comments/n51u5d/sec_has_no_objections_to_nscc801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +I want to provide an update on the RRGs, but will write more about each sector every Monday. + +https://preview.redd.it/qnmn4vg9y5q61.png?width=1600&format=png&auto=webp&s=f9b3b5903b1825bb4c081574e3699ab21a508e02 + +&#x200B; + +https://preview.redd.it/wrf3wykay5q61.png?width=1600&format=png&auto=webp&s=c43190e2aa94770d86dc7842e53e51d81488baf7 + +&#x200B; + +https://preview.redd.it/hbo64n6by5q61.png?width=1600&format=png&auto=webp&s=707abb9adf9711a3fced897fdd41fcc4f90ea890 + +You can find stocks within each sector [here](https://imgur.com/a/On8uxKi). + +Edit: Thank you for the gold! +please recomend some great books. + +EDIT : I may have enough books for a year and my inbox is ripped to shreds with this many responses but please stop now it. too many books for me thank you very much for all the suggestions , thank you for a medal + + EDIT : This was requested soo.. + +1) Rich Dad Poor Dad - Robert Kiyosaki + + 2) Think and grow rich - Napoleon Hill + + 3) The Richest man in Babylon + + 4) The Millionaire Next door + + 5) Total money makeover - Dave Ramsey + + 6) Basic Economics - Thomas Sowell + + 7) Wealthing like rabbits + + 8) Common sense economics + + 9) The wealthy Barber + + 10) The millionaire teacher + + 11) Early retirement Extreme - Jacob Lund + + 12) Time is money + + 13) Automatic Money + + 14) What I learned from losing a million dollars + + 15) simple path to wealth + + 16) Snowball - Warren Buffet and the business of life + + 17) A random walk down Wall Street + + 18) I will teach you to be rich +Well well well we meet again. + +Buckle the fuck up this isn't a string post like last ones. + +Lets meet our new #1 enemy Carl Icahn. + +TLDR: Carl Icahn has put himself in the middle of teetering companies and has failed over and over and over again.. on purpose, to profit off bankruptcy liquidations, penny bonds, shorts, naked shorts, and my guess is likely swaps associated with BNY Mellon. + +&#x200B; + +https://preview.redd.it/2s3rvbo1h5s81.png?width=732&format=png&auto=webp&s=736f7b7544858200b1d5ff713da79c0115893911 + +Dude worked for the Dreyfus fund, does the name ring a bell yet? + +More about Mr. Icahn.. + +https://preview.redd.it/4ek4112ci5s81.png?width=736&format=png&auto=webp&s=4498b215f9405bc5bae6b866e5886d8d5ebd0699 + +So he's also involved in the entire NYSE as well, heres the fun stuff so please read this slowly. + +https://preview.redd.it/asjzmxd8i5s81.png?width=690&format=png&auto=webp&s=0b9fa642266520c16e2c0998318d385cd7221ec6 + +BNY Mellon was the counterparty for at least a portion of the swaps we started unraveling before the FTCC suspending reporting for TWO FUCKING YEARS. + +Can read more about that here! [https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwje-Yyt1IL3AhX-kWoFHbe6BjYQFnoECAoQAQ&url=https%3A%2F%2Fwww.reddit.com%2Fr%2FSuperstonk%2Fcomments%2Fq86kk5%2Fholy\_shit\_i\_think\_i\_have\_figured\_out\_741%2F&usg=AOvVaw0qu6henkzQg0NVwTRr5roA](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwje-Yyt1IL3AhX-kWoFHbe6BjYQFnoECAoQAQ&url=https%3A%2F%2Fwww.reddit.com%2Fr%2FSuperstonk%2Fcomments%2Fq86kk5%2Fholy_shit_i_think_i_have_figured_out_741%2F&usg=AOvVaw0qu6henkzQg0NVwTRr5roA) + +Enter DFV: + +https://preview.redd.it/pram6rxcn5s81.jpg?width=812&format=pjpg&auto=webp&s=ce1101f7bba9633c518cb30853cafc4e1577cc0b + +&#x200B; + +https://preview.redd.it/lqus56oin5s81.png?width=873&format=png&auto=webp&s=c780ccc52460479bbcd693ce9dcb6546db2e21c4 + +Yep. The Julia Dreyfus Family Wealth is literally the fund that BNY Mellon bought out.. yep that Julia.. yep that BNY. + +Looks like their fund is working its way up the institutional holdings of GameStop..could be a hedge for their shorts, could be control and I will explain later in this post. + +&#x200B; + +https://preview.redd.it/hy05ljsbl5s81.png?width=626&format=png&auto=webp&s=5fa17ef1b55079e892ddb46549f42a5c8a1a4008 + +More about Mr. Icahn.. + +https://preview.redd.it/qbik93yki5s81.png?width=537&format=png&auto=webp&s=7031831a7e01f6fe29b846edad78876311718b6c + +&#x200B; + +https://preview.redd.it/fqwrfnkij5s81.png?width=609&format=png&auto=webp&s=afc5328dcc8ce4d96596014cfdee7bbe7e4def85 + +https://preview.redd.it/fbe9gspoi5s81.png?width=710&format=png&auto=webp&s=f7a41fb60ec3029730ac5de2e3054493563934f1 + +My understanding is this: + +\-Icahn started out as an activist investor wanted companies to do well + +\-Icahn realizes he can make much more profits when his companies do not do well + +\-He is in control of these companies by appointed board seats + +\-He can guide them to bankruptcy while offloading his shares + +\-Maybe even mix in some long positions with their competitors as well why not? + +\-It also looks like he made a massive return on Netflix years after all of this blockbuster stuff happened + +&#x200B; + +Villain Origin Story: + +https://preview.redd.it/0mnvzodck5s81.png?width=852&format=png&auto=webp&s=4f61c0fec860c7e7663b99b7f4e2e14dd65f3730 + +My guess is that this was his origin story, he actually tried to save this company but ended up realizing how easy it is to bankrupt teetering companies with a little bit of price-cutting and other maneuvers like idk naked shorting the stock to nothing, dude is associated with BNY and quite literally bought a seat at the fucking New York stock exchange. + +&#x200B; + +https://preview.redd.it/bc94eg08r5s81.png?width=702&format=png&auto=webp&s=a3d7c5d2791262b521d0230ab8aad6e24d1946b6 + +Icahn has over FIVE BILLION in just realized "losses" in the last 7 years.. my man can't catch a break! /s + +Seems like this once "corporate raider and activist investor" just keeps buying massive positions into failing companies and speed runs their bankruptcies.. + +Name of the game is board seats people. + +&#x200B; + +https://preview.redd.it/v9a1394nq5s81.png?width=727&format=png&auto=webp&s=42c70b1bc7112d15c61afd2a75068765a4c92dfb + +&#x200B; + +https://preview.redd.it/hlg4vfepq5s81.png?width=754&format=png&auto=webp&s=ece2b426562971432153ac1c1b5bee0ac0869f1a + +Aaaaaaaaaaand its gone, that one was really fast. + +&#x200B; + +[2019](https://preview.redd.it/w1rmeu8uq5s81.png?width=985&format=png&auto=webp&s=874f762abc5ced7ce57fe381d76f7639b869b3ee) + +&#x200B; + +https://preview.redd.it/zv00a9g4r5s81.png?width=736&format=png&auto=webp&s=7fad6e57f1ddee156ce6049b5f3de68dc9e8f30f + +Hmm an article about Icahn shorting retail stores in early 2019... + +Hmm a connection with the dreyfus fund / swaps / BNY + +My guess is this man shorted the shit out of GME, realized he was in danger and created swaps to hide it. + +Citadel and BNY Mellon share the same prime broker: **Goldman** + +Basically prime brokers are the ones responsible for the underlying assets involved. + +When shit hits the fan prime brokers step in. + +&#x200B; + +Also conveniently last year it appears that **BNY Mellon was silently overtaken by Goldman from the inside.** + +[https://www.reddit.com/r/Superstonk/comments/q50q3j/was\_bny\_mellon\_taken\_over\_by\_goldman\_from\_the/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/?utm_source=share&utm_medium=web2x&context=3) + +So if these swaps did go tits up Goldman intervened to manage them and keep the market from collapsing and the swaps going fucking berserk. + +**Remember this little gem?** + +&#x200B; + +https://preview.redd.it/fjo89ipdy5s81.png?width=429&format=png&auto=webp&s=f7c23e964937b606dafd0c6f38ddd7fa53a01899 + +Back to our beloved Chair-Man and his fight for board seats at BBBY: + +&#x200B; + +&#x200B; + +https://preview.redd.it/3u19mr2nr5s81.png?width=664&format=png&auto=webp&s=2d8d8c43b6d56ba694b61172422cf24d9969697e + +Somebody say Pillow Fights? + +Dude sees Icahn taking ownership of these companies and routing them to bankruptcy, Cohen swoops his usual go-to solicitor and then gets 3 board seats approved. + +**Why does Cohen have something to lose if these other companies fail?** + +**A: ETFs and weighted options** + +At this point he is well aware GME is looped into this retail basket and 60% of them are probably not going to make it past 10 years. + +He needs them to do well or at least be not flooded with naked shorts so that his own stock price can take the ankle weights off and start running. + +How does he plan on doing this? + +**Brick by Brick** + +Brick and mortar by brick and mortar will be brought onto a tokenized blockchain exchange and rid this predatory naked shorting we call a free-market. + +Shit even Sears owners wrote a FIERY message to the current board during their bankruptcy stages saying they were irate as fuck about naked shorting and them not doing anything about it yet being profitable for the majority of their final years. + +Once one is shown to be successful I'm sure more will be thrilled to hop in. + +Then the entire fucking mall will short squeeze these slimy fucks and they'll die by their own demise. + +&#x200B; + +**Please add more if you find more I'm sure we can dig up some skeletons.** + +*Recipe:* + +\-Take ownership stake + +\-Replace board + +\-Cut growth spending + +\-Stagnate sales + +\-Hire expensive consultants with built in million dollar fees + +\-Naked short + +\-Unload your ownership stake to drive the nail in the coffin + +\-Profit + +&#x200B; + +&#x200B; + +*Alternative recipe* + +\-Overhype/bloat the company+revenue/products pre IPO and then + +\-(optional step) dump ass of restricted stock ($WORK) + +\-Watch investors run when they realize shit don't add up + +\-Collect short $ + +**EDIT: The hive mind wins again! Thanks to commenters here we have this gem as well.** + +&#x200B; + +https://preview.redd.it/hkh2736827s81.png?width=580&format=png&auto=webp&s=d6112be8ce0bb50dbd5bc6e03ec42467366b1bee + +&#x200B; + +&#x200B; + +https://preview.redd.it/bk41jzta37s81.png?width=591&format=png&auto=webp&s=fecf1f7abbf7e23990bd2ab2d4c493c5e9780270 + +https://preview.redd.it/lkbtvze327s81.png?width=908&format=png&auto=webp&s=13b1be548954eae9fb65da1698010e71a09d6318 + +**Steve Cohen, Ken Griffin, and Carl Icahn walk into a bar....** + +Must be nice to invest racks in oil refineries and then extort our regulatory committees to ensure they're profitable, this country is so fucked lol. + +[https://www.newyorker.com/magazine/2017/08/28/carl-icahns-failed-raid-on-washington](https://www.newyorker.com/magazine/2017/08/28/carl-icahns-failed-raid-on-washington) + +***\*Insert "Gangs All Here" Meme.exe\**** + +"The *reverberations* of fiscal and monetary policy are likely to be more severe to humans than any climate or societal disaster." -Ryan Cohen + +Cheers! + +&#x200B; + +credit to: [u/Longjumping\_College](https://www.reddit.com/user/Longjumping_College/) and [u/Hopeful\_Assistant196](https://www.reddit.com/user/Hopeful_Assistant196/) they are doing insanely great digging and an unsung heros of the sub. + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/r5zgi7/741\_seinfeld\_and\_billions\_of\_illegal\_naked\_shorts/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/r5zgi7/741_seinfeld_and_billions_of_illegal_naked_shorts/?utm_source=share&utm_medium=web2x&context=3) + +READ UP + +&#x200B; + +&#x200B; + +&#x200B; +I came into \~$6 million post-tax recently. I'm from the East Coast originally and I spent most of my adult life in San Francisco and kind of hate what it has turned into. I moved to Seattle for tax reasons. It's nice here, except the rainy season is about as bad as the stereotype, and it's a little too introverted for me. + +I used to write mobile apps and manufacture and sell niche electronic devices, mainly on Amazon. I'm taking a break from that but will probably do it again, at a slower pace, at some point. It's pretty flexible location-wise, I do a lot of the work myself and use remote foreign contractors and manufacturers. + +I'm open to living pretty much anywhere in the US. My family is spread out, I don't own any property. My friends are in San Francisco or spread out. I'm a 31 year old single guy. Housing-wise, I'd like to get a warehouse loft condo, but I'm flexible. + +Where should I consider living? I'm open to basically all no or low income tax states. The shortlist is: + +1. Austin +2. Chattanooga +3. Houston +4. Miami + +Where else should I consider? I've ruled out California, especially San Francisco, due to taxes and unfriendliness to small businesses. +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. +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 💎✊💎✊💎✊💎✊💎 +&#x200B; + +https://preview.redd.it/uf0429x3z6571.png?width=1600&format=png&auto=webp&s=43acc7118aad55a184dad517a41cf1f621cc7220 + + Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/69g2igt5z6571.png?width=680&format=png&auto=webp&s=77732a63619bc1c661cee692d2f84c22951b3110 + +Good Morning Everyone! + +I hope everyone has had a great weekend, Are you guys enjoying e3 as much as I do ? + +First let me start with something simple, because MSM has been reaching out to people for interviews and such. + +We are not a collective, the term WE here is used as the "royal we", I just like the stock and others just happen to like the same stock. We also don't do politics, religion or anything else as all these things don't matter here, we just like the stock that's it. therefore there are no leaders or spokespersons. + +The mod team has declined doing interviews at multiple occasions and will continue to do so until this is over. + +&#x200B; + +https://preview.redd.it/pijcimzr07571.png?width=557&format=png&auto=webp&s=0c3970f72b06e9e7ba7f6050d02cc25d736004f2 + +# the Reverse Repo's are looks to be related to GME + +wrinklebrain u/jaybaumyo wrote a thread [here](https://www.reddit.com/r/Superstonk/comments/nyqnqh/so_the_reverse_repos_are_definitely_related_to_gme/) + +It shows how the reverse repo's seem to have a correlation between GME and the height of the repo's. + +I've not personally had the chance to fully check this or see in how far the correlation goes, I do however remember that there was a rule change where bigger guys (SHF banks etc) could no longer use "junk bonds" as collateral, so this is why we might see an increase in the Reverse Repo, or maybe not, if you know more about this feel free to jump in that thread and help find out what's going on. + +&#x200B; + +https://preview.redd.it/7nfjkkey27571.png?width=960&format=png&auto=webp&s=d39667794b4c91de733f07c733e323db92b69f3d + +The reverse Repo's have another all time high, 547 billion... damn kenny that's actually impressive. + +There have also been some other threads made finding some sort of correlation between reverse repo's/crypto's/GME + +which you can find [here](https://www.reddit.com/r/Superstonk/comments/nz0fsz/i_found_a_correlation_in_why_reverse_repo_rates/?utm_medium=android_app&utm_source=share) + +&#x200B; + +https://preview.redd.it/3vb9txy237571.png?width=960&format=png&auto=webp&s=62a75cffe1dede500734d0adf7f6ed4ce6940a27 + +# Short Volume Ratio Update + +All thanks for this goes to AntihalationGod, he's been compiling public data and is kind enough to share this with everyone. + +[https://twitter.com/annihil4tiongod/status/1403841990387720193?s=27](https://twitter.com/annihil4tiongod/status/1403841990387720193?s=27) + +https://preview.redd.it/qjdftlqh37571.png?width=4096&format=png&auto=webp&s=fc06397ee3900fc8597152763ed720d67bc6fa20 + +&#x200B; + +https://preview.redd.it/rnqs7rkk37571.png?width=4096&format=png&auto=webp&s=c88b430d2f0ef7debe905fd95cb2148017a93ec5 + +&#x200B; + +https://preview.redd.it/4trsjrxl37571.png?width=4096&format=png&auto=webp&s=602eca55301ac188c0fea017fc91de4cef29877e + +# What is driving the t+21 cycles? + +u/criand made a big thread [here](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +it goes into the t+21 cycle, what drives it how the ETF's fall into place with it etc. + +I feel like giving work like this a TLDR version but eum.... brrrrr + +Also there is a theory that this is what RC has figured out as well or at least thats what [this thread](https://www.reddit.com/r/Superstonk/comments/nycuk4/cohen_has_reached_the_same_conclusion_as_ucriands/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) goes over + +https://preview.redd.it/sf80m37m47571.png?width=960&format=png&auto=webp&s=ae2e622c8bf587d081a29bbfd51dbc3601cb37b6 + +# Voting + +There is a thread going on [here](https://www.reddit.com/r/Superstonk/comments/nwv7vb/possible_evidence_of_manipulation_of_the_vote/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) which goes into the difference of the voting we have seen this year in comparison to 2020, it shows that the 2020 was consistent, yet 2021 is not... + +Again I know you can't see the total amount of votes on an 8k and with the current SEC probe we wont hear the actual numbers for a while so we'll just have to refer to the ol' reliable + +&#x200B; + +https://preview.redd.it/1fk6kgyv57571.png?width=640&format=png&auto=webp&s=69a0be6b287fd8f7d4d8a491031b8aebb0393d4c + +Also u/gr8sking did some quick maths + +&#x200B; + +https://preview.redd.it/ijo10g9y57571.png?width=760&format=png&auto=webp&s=7b4abbad108e1bc832b3bd2f763ee6af71e9894e + +just something to keep in mind 😉 + +Also if you're new be sure to give [this thread](https://www.reddit.com/r/Superstonk/comments/ny8mk8/the_infinity_squeeze_thesis_summary_and_breakdown/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) a read, it goes over the basics and can help the new apes understand everything a bit better. + +&#x200B; + +https://preview.redd.it/fyu35fjs67571.png?width=554&format=png&auto=webp&s=620fdf65ec681f137c1571a2e7dadb63eadbabc2 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/7h05xepu67571.png?width=400&format=png&auto=webp&s=f5a4731f612cab20a8344eb50ffd80c08d5cd059 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) +There is a lot of speculation today about Gamestop filing Gmerica as a Trade Mark + +At the same time, we see Gamestop expanding into selling Electronics and Vinyl Records and lots of things that fall outside the 'traditional' game stop business model + +********************************************************************************************************** + +How does Gmerica fit into Gamestop? + +Simple Answer + +Ryan Cohen has background of being an affiliate marketer (since he was 15), dropping out of college and starting a jewelry startup with $150,000 of his own money, and then switching to Chewy.com and selling it for $3.3 Billion + +His background is in ALL ONLINE RETAIL, and actually very little in games specifically + +********************************************************************************************************** + +Gamestop was an INCREDIBLE opportunity and he got into it + +HOWEVER + +his thesis for Gamestop - provide amazing customer experience, lowest prices, best selection, and fast and free delivery + +Also applies to all other retail categories + +Amazon has made a mess by treating employees very badly, and many other illegal things discussed here and elsewhere + +It has shifted jobs to China + +It has replaced high quality retail and warehouse jobs with low quality warehouse slave jobs + +********************************************************************************************************** + +Gmerica is a Parallel company to Gamestop (within Gamestop) that will take on Amazon DIRECTLY + +while focusing on + +American Net Positive products i.e. + +manufactured in America + +good working conditions + +adds to American jobs + +etc + +********************************************************************************************************** + +Game stop will focus on -> Games and everything games related (which itself is a $150 billion a year business (all of games, not GME itself)) + +Gamestop NFT -> potentially a $10 to $100 billion a year business + + +GMerica will be a tech PLATFORM that will sell Everything with focus on AMERICA and quality american jobs and american manufacturing and eliminating counterfeiting and reducing shift to China + +Tech Platform means - instead of 10 to 20 P/E (price to earnings), it can get valued at 50 to 100 P/E (price to earnings) + +********************************************************************************************************** + +Please remember that Ryan Cohen's specialities are + +1) Great Customer Service + +2) Selling ANYTHING online i.e. ecommerce, not just games + +3) Seeing big opportunities + being a contrarian + +He went up against Amazon in Pet Food when other people thought it was impossible. First 100 VCs he talked to rejected him + +What seems most impossible right now? Taking on Amazon + +not only do they have advantages due to size and scale + +They also short attack their competitors (Wish, GME, Newegg, Overstock, etc) in short market (gonna leave this Freudian Slip intact) to prevent them from raising capital and growing + +So it is THE PERFECT CONTRARIAN OPPORTUNITY + +********************************************************************************************************** + +Gmerica - EVERYTHING RETAIL + +Gamestop - Everything Games + +Aug 30th Update for GME Apes & Autists + +Aug 29th we knew -> Gmerica filed for trademark in America i.e. https://old.reddit.com/r/Superstonk/comments/pdwxd1/gmerica_was_filed_for_trademark_by_gamestop_on/ + +Aug 30th we now have -> Gmerica filed for trademark in + +EU -> https://old.reddit.com/r/Superstonk/comments/pecckh/gmerica_has_also_been_registered_as_a_trademark/ + +Germany -> https://old.reddit.com/r/Superstonk/comments/peed5d/gmerica_was_also_filed_for_trademark_in_germany/ + +Austria -> https://old.reddit.com/r/Superstonk/comments/peesv1/gmerica_also_registered_in_austria_same_date_as/ + +Sweden -> https://old.reddit.com/r/Superstonk/comments/peeop1/gmerica_registered_in_swedish_trademark_database/ + +Australia -> https://old.reddit.com/r/Superstonk/ + +New Zealand -> https://old.reddit.com/r/Superstonk/comments/peenve/nz_wasnt_left_out/ + +Denmark -> https://old.reddit.com/r/Superstonk/comments/pefclo/gmerica_also_registered_in_denmark_link_in/ +For any other apes with Fidelity, please read the rest of this post. *Not Financial Advice, I can’t even tie my shoes* I spoke with Josh from Fidelity, and he helped me DRS another 1125 shares of GME. He mentioned the rate of requests to Fidelity to DRS shares has dropped substantially, which is disappointing to me. We have such a great community, and taking the time to DRS shares is so helpful to locking up the float! + +More concerning to me, however, is that I have made every effort to ensure my GME shares are held in cash and NOT in margin. YMMV, but if you have a margin account with Fidelity with GME shares, you may want to double check they are held in cash and not margin. Specifically, I had made the request to make sure my shares were in cash and not converted back to margin the last time I DRS’d through Fidelity. This was several weeks ago. When I submitted my request earlier this evening, I was very alarmed when Josh said before I DRS your shares, I have to convert them from margin to cash. Despite multiple requests to Fidelity to make sure my GME shares are always held in cash, they had converted back to margin without my approval. + +Proof of this new DRS request will happen when the shares hit my existing Computershare account with 1110 shares, and I will then feed the DRSBOT with another 1125 shares. Cheers! + +Edit: Oh sweet apes, RIP inbox, thanks for the upvotes and awards. I briefly forgot how passionate each individual in r/superstonk can be - have a wonderful evening, and to the moon for GME!! + +Edit #2: For the European Apes, by pissed I meant angry, not drunk…that being said, I definitely was enjoying a glass of wine when I called Josh from Fidelity to DRS more of the float. Cheers everyone! +The Bonfire has been lit. TL;DR : [https://www.bonfiretoken.co/](https://www.bonfiretoken.co/) + +With all of the recent focus in BSC as we enter the meme coin casino phase of the bull run (if anyone remembers this during the 2017 bull run on ETH memes, you know we’re still in for quite a treat) it’s refreshing to see some good come from all this wanton day trading. + +However, all this back and forth and trying to find the next big thing is ultimately, tiring to say the least. We invest in a coin, and fail to notice suspicious stuff the devs left behind. Large dev wallets, no anti-whale measures, or no locked liquidity - and unfortunately, we suffered from it. + +Bonfire's community is so genuine and excited. + +No massive wallets or whales with 25% of the supply (like Doge surprisingly), and an opportunity for each member of the community to support and assist and truly build something from the ground up as we’ve seen elsewhere. + +In my opinion, Bonfire has crazy moonshot potential, having more than 43000 holders in just 4 days, more than double from yesterday, with a really low market cap of about 25 Million, which has more than DOUBLED from yesterday. + +DETAILS: + +\- Ownership renounced. Liquidity locked. + +\- NFTs being released regularly. + +\- CoinMarketCap and CoinGecko listing coming. + +\- Professional grade website. + +\- Poocoin mobile advert running. + +\- Charity events and merchandise in the works. + +&#x200B; + +TOKENOMICS: + +Market Cap: \~$25,000,000 + +Holders: \~43000 + +Supply: 1000 Trillion + +Tax: 10% tax on every transaction. 5% to holders and 5% to liquidity. + +Slippage: 11-12% + +Telegram: [t.me/BonfireTG](https://t.me/BonfireTG) + +PancakeSwap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +BSCScan: [https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +Poocoin Chart: [https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +Dexguru Chart: [https://dex.guru/token/0x5e90253fbae4Dab78aa351f4E6fed08A64AB5590-bsc](https://dex.guru/token/0x5e90253fbae4Dab78aa351f4E6fed08A64AB5590-bsc) +This is definitely an appreciation post for this subreddit. + +This time last year, I landed my first professional job in mortgage broking. Being new to the industry, and all of my friends still working in hospitality, I didn't really have the option for conversations about money. And with money being such a taboo conversation topic, most of my family and friends were hesitant to have these conversations with me. + +This subreddit has been such a confidence boost, giving me a chance to learn about money in a non-confrontational way. My financial literacy over the past year has improved in leaps and bounds, and there are times where I've almost felt guilty for receiving such great advice for free! + +Thank you to everyone in this subreddit for your help over the past year - the loan assessors, the financial planners, the first homebuyers, the casual investors, and the other 'long time browser, first time posters' just like me. + +If you've got any similar stories where you've found value in this subreddit, I'd love to hear them. + +Keep it real guys ❤ +Id like to know when you bought or flipped a home what were the "big ticket" items that cost you the most to repair? + +"Plumbing, HVAC, Roofing, asbestos removal?" +And how much did you pay? + +List your top 5 and the amount you paid for each! + +Cheers! +I have asked a few of my friends regarding the shared ownership scheme and they only say that "it's not worth the money" without a proper explanation or math for me. As I'm not British, this scheme is new for me. Can you please explain why it would not be beneficial for me to look for one? The one that I brought up had these figures: + +&#x200B; + +full market value: 400k + +share available: 25%, 100k + +monthly rent: \~750£ + +monthly service fee: 90£ + +&#x200B; + +Thank you + +&#x200B; + +Edit: I'd have 50% deposit in cash, I'd be looking to share with someone (someone possibly renting from me? Would this be even feasible?) +With the way they handled the share offering they showed their true colors and it is green crayons all the way baby. + +Let's recap what happened: + +Gamestop announced an update to their previously announced share offering to be 3,5M shares with a maximum of 1B dollars. This equates to about 285 dollars per share. With this announcement they made EVERYBODY think they were going to sell at a price level at least close to 285 dollars, which turned out to be a giant head fake that everyone fell for. + +Usually a share offering is considered unfavorable (at least in the short term) for existing shareholders because it dilutes the share pool and drops the price. Especially in a heavily shorted stock like GME it allowes shorts to potentially cover at lower prices to diminish squeeze potential. The upside being that the company raises capital which in turn should translate to increased stock value over time. + +BUT nothing about GME is usual and RC knows (I would love to give him all the credit but I'm sure his team helped plenty with this play) that the stock price is being manipulated to stay in a certain price channel. The shorts are using high frequency trading algorithms to suppress the price and aren't covering so by leaking out the shares over time RC is using their HFT algorithms against them. The price doesn't drop because it's artificial, shorts aren't covering because they assume it's only their synthetic shares being algo traded leaving all of the 3,5M shares to be gobbled up by apes. + +All of the upside of raising capital, none of the downsides of diluting the stock and allowing shorts to cover. Check mate. + +It's truly a masterful play and it showed two things. + +It showed GME is game. They showed that they are not just going to take it laying down to be messed around with by market manipulators like a play thing, they bite back. And I love it! + +It also showed generosity, trust and commitment towards apes. They could have EASILY held out and sold for the full 1B if they wanted to but instead they chose a way that fully fuk the shorts and empowers the apes at the cost of leaving $450M! on the table. + +All the tweets and subliminal messages showing support for apes was great and all but it was ultimatly just words. With this thing they put their money where their mouth is and gave up dollars to empower and support apes. That to me is the loudest a corporation can speak and it has me convinced without a shadow of a doubt that the entire Gamestop team is fully on the side if it's shareholders and in this battle with the apes. + +My tits are permajacked and I can't wait to see what else Gamestop has in store for us going forward (pun intended). +Looking at my annual salary I have 53x of my after tax income saved, taking into account 401ks, taxable accounts and value of pension. It's all invested in equities. I've been frugal and lucky with my investments. + +Intellectually I accept this is a large amount of savings and recognized that in retirement my expenses may go up. Am I nuts to keep working? Do I need to? i'm 55. + +Additional info: i have health insurance from employer during retirement. I have high risk tolerance and am 100% invested in stocks and will be during retirement, and one of my kids has three more years of college which one reason im thinking of continuing work. + +Thanks. +My goal is to fatfire at 6-7M, 11 years away at 50. I have been thinking about RE for a while now and it so happened that i got a chance to experience 7 months retirement on temporary basis in 2020 and wanted to share my experience around it. + +* Jan 2020, I decided to resign a leadership role which was burning me out, hurting my mental happiness. That separation came with a payday. COVID pandemic started right after i resigned. Accepted a new job with a deferred start date. +* in 2020, I made $224K working only 5 months (separation payday, new job (salary, signing bonus, equity)) +* HCOL, Did not touch any savings, still saved >22% but slightly lower than before 2019. +* 2 Kids (3,7) at home with a paid nanny 8-5 PM (help during covid, with Zoom, HW, class work etc..) +* Partner still working. + +**Positives:** + +* I became really fit, mind/body (Peleton Thread and Bike) +* Can already cook pretty good. Took cooking to another level new cuisines, techniques. +* Dabbled in new skills music, painting, house repairs. +* Planned family trips and fun activities with kids. Was on top of house hold chores. +* Advised/helped friends (career, interviewing, Tech scene) + +**Negatives:** + +* Boredom, felt alone, since my partner and all my friends were still working. The routine gets really old in a few days/weeks. Had to plan a lot of alone activities due to lack of similar company. +* Felt like groundhog day same routine over and over, after few months of this, felt it was super hard to motivate myself to stick my hobbies run/bike/cook/play music etc.. +* I quickly felt external constraints (accountability, responsibility) are needed for me to have more meaningful and interesting life. I wondered how this would look like in retirement with no responsibility of kids, work, mortgage. What motivates you in retirement ? +* Can do whatever you want myth. Its hard to do whatever you want since there is lot of coordination with Kids schools, working partner etc. I would assume some of these doesn't exist during retirement but i think other challenges will inhibit you from just going on a 3-hr bike ride, unplanned all day hike, day trip etc.. +* Eroded problem solving skills (lost interest in solving/thinking about hard problems, lacked motivation to take on work challenges after starting my new job) +My children will receive millions upon turning 18 and will also receive a yearly stipend of 700k from a family business that we have zero control of. When should we tell them? I want to be honest but also don’t want to destroy the incentive to finish school or the drive to be independent. + +Oldest is 11 +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I’ve been reading that the feds have been pumping money into the market and yet we are still experiencing low inflation. What could be an explanation for that? Is it because people are holding on to the money as savings rather than spending it? +Background, mid-50's, wife already retired, I expect to join her next year. NW around $8M plus a mostly paid off home. + +Yesterday we went for a walk in the Marina neighborhood of San Francisco, and it really reminded me how much I love that area. Just absolutely gorgeous, so walkable, such good quality of life (notice I'm not saying anything about the type of people who live there, that's a different matter). But the homes we would want to live there would cost a minimum of $3M or so, and for an updated one with a small garden it's much more than that. In comparison, the home we have now was purchased for a bit over $1M and according to Zillow its now worth $2M (though I doubt we could actually get it). + +Anyway while we were fantasizing over that neighborhood, and looking at some homes on Zillow, I said if I was willing to work another 5-10 years, we could easily swing it. And I hadn't really thought of the FIRE tradeoff in quite those terms - an actual house in a beautiful neighborhood, in exchange for 5-10 years of my life on the corporate treadmill. Dreams of going for a long walk along Marina Green or Chrissy Field every morning. It didn't change my decision though, I'm still retiring. + +Of course, in literal terms, we could afford that Marina house now, and still retire, but that's cutting into our margin of safety too much (and I hate the thought of a $50K+ annual property tax bill). +Hello folks, today was pretty fun, as it was my first full month of getting all dividend payments for my portfolio in a single month. I am currently on average to make $15.75/monthly from my monthly payers. + +My goal is to get my portfolio to $100/mo for dividend payers and then transition new capital to growth and continue to use the dividend income add to or build out small dividend positions. + +I track everything in a spreadsheet and determine minimum investment amounts to make $10/mo per position (at least that is my goal.) I have 6 dividend payers, but only 1 of them is over the $10/mo target right now. + +It's pretty fun, I don't obviously have a lot invested, nor do I invest more than a few hundred a month, but I do feel like I am on my way and I have a strategy in place. + +I'd be interested to hear your strategy? How are you using your dividends? +* TLDR at the end. + +&#x200B; + +Hey guys! I have seen this post going around the subreddit of the community being a literal SCHD shill, and nothing else. While I actually thought it was funny, I wanted to analyze the reasons why it is seen as a dividend king-pin over anything else. + +After that, I will be making a few other posts analyzing the top holdings. They are a major part of the portfolio so logically, I would assume that these companies represent what a typical r/dividends investor is looking for, right? + +&#x200B; + +So finally: SCHD vs VTI. Two US funds, with a major bias towards large-caps. I assumed they would be great enemies since VTI / S&P500 funds are the most classic US funds of them all. + +&#x200B; + +First of all, what does VTI have to offer? A very old and classic ETF (2001 inception date) with ratios representing the average of the US market. It is reliable, it is cheap with an expense ratio of 0.03%, and relatively ok dividend. + +https://preview.redd.it/u4kf92422dj91.png?width=1892&format=png&auto=webp&s=e23fb16231dcac8c77b6b83bb00f286593d01b63 + +On the other hand, SCHD is more recent, and has not yet seen major crashes like in the early 2000s. It is important to note the almost doubled-dividend, with cheaper average stocks (14.47 P/E vs 19.30). Finally, the difference in expense ratio is pretty much negligible. + +https://preview.redd.it/46wyktlp2dj91.png?width=1901&format=png&auto=webp&s=19ee41c95ebc4abaeaca015efc438b16d7d1a224 + +&#x200B; + +VTI's top holdings: + +https://preview.redd.it/jexjjx3j5dj91.png?width=1851&format=png&auto=webp&s=6222555042909b7053e5f6a6a0a2e5934b70fcfe + +Mega-cap stocks, we see the FAANG group with some other large-moat companies. The weight is very reasonable for the top-10, but these stocks are expensive and growth-oriented. + +&#x200B; + +&#x200B; + +SCHD top holdings: + +https://preview.redd.it/99rxd8r26dj91.png?width=1857&format=png&auto=webp&s=ad4366cce4d3af399875ac6aba03d020cb7924f6 + +NOW that's what we like even more. Dividend kings after dividend kings, SCHD holds major dividend companies like TXN, PEP, KO, HD, etc. It feels like the sector diversification of the top-10 is better. Less tech, more physical product sellers with pricing power and increasing dividends. + +&#x200B; + +Finally, VTI's sector exposure: + +https://preview.redd.it/49nxi1gv6dj91.png?width=1851&format=png&auto=webp&s=f3432a1e7164f4e0bd87e42e1e421439dae2f9f3 + +And SCHD's sector exposure: + +https://preview.redd.it/y6ec59dy6dj91.png?width=1862&format=png&auto=webp&s=8505602f4e9acd2c3de10903637183d1e48b50f9 + +&#x200B; + +TLDR: VTI and SCHD are both very cheap, diversified US large-cap funds. While SCHD has overall cheaper companies inside of it, it is more concentrated in the top-10 holdings and in its sector allocation (except tech): even missing real estate. + +Overall, I would say SCHD is worth it if you do not mind risking a little bit of concentration to get more value / cheaper stocks while keeping a constantly higher dividend. + +&#x200B; + +I will be making other posts in the next few days analyzing the top holdings of SCHD to see why it is considered such a king around town. Let me know what you think of this kind of comparison. See ya! +AMZN's revenue is almost 4x BABA's revenue (386B vs. 109B) + +AMZN's operating expenses grow about 20B year over year compared to BABA's around 5B year over year. + +Net income: +AMZN - $21.33B +BABA - $22.98B + +Crazy how BABA looks like a definite home run, but question is.... how accurate are BABA's books. + +I know there's a lot more into just simply looking at these numbers, but the comparison is just quite ridiculous to ignore. + +Thoughts? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Hey everyone, some of you may remember me from a few months ago when I posted this story about hitting $5k in savings: [https://www.reddit.com/r/povertyfinance/comments/lirrhk/reached\_5000\_in\_savings\_after\_this\_last\_paycheck/](https://www.reddit.com/r/povertyfinance/comments/lirrhk/reached_5000_in_savings_after_this_last_paycheck/) + + +Anyway, I just wanted to pass along a brief update. Based on what I'm expecting my most recent paycheck to be (assuming my calculations are correct), I've reached my next goal of 10k with a total of 10,211.29 in my accounts and all monthly bills are accounted for ahead of this. I've never reached 5 digits before; been so used to skimming by going paycheck-to-paycheck that if anything, changing jobs during the quarantine did me a favor and forced me to get smart with money... or at least better with it. I'm not out of the water yet though; I've been in the process of saving this money up to pay off some outstanding bills from a long time ago, and I've been more-or-less using Dave Ramsey's 7-step method to do it. If you're not familiar with him I'd check out his books and/or radio show; some people swear him off but I've had good results from his teachings so far. + + +No real point to this post other than to say I feel good. I've been working almost exclusively 70-hour weeks for six months to get this far, 14 hours a day on average, and I'm starting to see the results in real time. I guess I could be considered out of poverty by this point depending on how you define it, but I'm going to hold off celebrating too much until the last of my old debts are paid off. This $10k will be used toward that goal very soon, but right now I'm just relishing the fact that it's there. Thank you for reading and your support previously, everyone. Keep your heads up high; a better life is possible for all of us. + +EDIT: I've seen a number of people asking what I do for work and the details therein, so let me explain. I'd respond to your comments individually, but I'm only on break for a little bit and don't have the time. + +In September I started work as a truck driver after switching jobs and training for a CDL- class A in August. I work for one of the major U.S. carriers; would prefer not to name which (not Swift though; they're a joke in the industry). I started out driving long-haul and was making peanuts for the work put in; one weekly paycheck was only $252 and I never made more than $700 or so per week, usually less, until I switched from long-haul to what's referred to as a dedicated account with a specific customer. When I made that jump in November, my pay increased substantially. + +On this account, I make over $22/hr. After 40 hours I'm on overtime making more than $33/hr. I've yet to be anywhere below 40 hours on a week; usually I get about 65-70. At the extreme end, I can pull 80 hours if I go 6 days a week instead of 5. My day usually lasts from 5 a.m. to 7 p.m. or thereabouts, and federal DOT regs state that the truck cannot move past on-duty hour 70. I can *work* past 70 hours, I just can't *drive* past 70 hours. At that point, I have 34 hours minimum off for hometime, also per DOT regs. So that's how I pull 14-hour days and 70+ hour workweeks, and how I've been able to save up a lot in a short amount of time. To date the most I've made in one week is $1,945 gross, though theoretically I may break $2,000 at some point. Honestly I could have hit this milestone a few weeks ago if I hadn't blown money elsewhere, but oh well... + +Also someone asked my age; I'm 27 years old. If I'd gotten my CDL at 21, my life and finances would be much better off today. And for those concerned for my health, I'm only doing this temporarily, maybe a year or two, until I save up enough to wipe out my debt and pay for the rest of my college degree, on which I'm about halfway through. + +As for motivation, I think Dave Ramsey frames the ideal better than I could: "live like no one else so that later, you can live and give like no one else." + +Hope this helps. +i took out a $10k loan at 18 years old. i then refinanced that loan at 21 and thought “since i’m refinancing, why not tack an extra $10k on?” + +i was an absolute idiot, but really got my shit together at 25; got my license, bought a car with my savings, only had $8k to go on my loan. + +then i was in a bad car accident. i didn’t know what to do. i was 1,000km from home in a rural town with no accommodation. i ended up refinancing my loan because i had no idea what it would cost to repair my car. i immediately put the excess funds back into my personal loan. + +finally, the pandemic hit. i was surviving on account overdraws and maxed out my loan again. + +i’ve currently got a balance of -$15,500 and a variable interest rate of 12.99%. i pay an average of $550 per month + an additional $200 - $400 where i can. + +does anyone have any advice about how i can get out of this loan quicker? the interest is destroying me. are there any alternatives i should be considering? + +edit: just want to say thank you to everyone for being so kind and understanding. i’m extremely embarrassed about my financial situation, so i appreciate your helpful advice. +Hi all + +As I write this I am just under £40k in debt. I am 26 years old and feel like my life is such a mess. I bought a house with my OH in January 2018 and things have spiralled out of control since then. My outstanding is below as of this morning. + + +Unsecured loan: £3400 - £156 minimum (118 Money) +Unsecured loan: £2700 - £123 minimum (Bamboo Loans) +Unsecured loan: £16654 - £362 minimum (Zopa) +Unsecured loan: £4980 - £145 minimum (Halifax) +Unsecured loan: £1990 - £199 minimum (Satsuma Loans) +Credit Card: £172 outstanding (Capital One) +Credit Card: £1655 oustanding (Barclaycard) +Credit Card: £1455 outstanding (Halifax) +Very Catalogue: £3500 - payments vary from £150 onwards + + +Each loan was to pretty much cancel out existing credit, that did not turn out the end result. Unfortunately since I was 20 receiving my first credit card, I had been impulsively buying since then and as life goes on, have got worse. My pay is £2555 after tax so after my share of food, bills and mortgage payments, plus the above, I have about £150/200 left and no options of any borrowing. I do have about £600 available to use on credit cards but this will then defeat the object of this post. + + +This is nobody's fault but my own and I just feel nothing but deeply ashamed to be in the situation I am in. I barely sleep as I worry about money and if anything goes up the wall, what would happen afterwards. This is very much affecting my mental health which is another long road I have just begun, I don't want to get too much into that yet as it but I must admit thoughts of choosing to live in this mess or not at all. I am getting help for that, hence this post and trying to get this resolved. + + +Writing this to you all I am hoping will be the kick start I need. I have not missed a payment in 6 years of having debt against my name but I feel I will soon if things carry on. I have contacted StepChange and about to fill in my application pack to send off to begin the long journey. + + +Are there any other recommendations anyone else would make? + + +CC +Fresh throwaway from a longtime lurker...I’m female mid 40s VP at faang with 8-digit NW. I’ve been very fortunate in my career and general lot in life. But I’m burnt out, feeling disengaged from a company values standpoint, and it’s having impact on my kids, health, and marriage. I’d love to quit and spend more time with my kids and hobbies and find some other business projects. Flexibility and independence sound amazing. However, I’m in a rare role for a woman and feel like I’d be letting other women down. I’ve also seen so many talented women leave with the intention of consulting/freelance/something PT but they can’t make a go of it and end up as SAHM. Finally, I’m really well positioned in my current role and would hate to give up what others would kill for without clarity on what I’m seeking next. There is option value in continuing on as is, but that doesn’t seem like a great way to live my life. + +I’m struggling to articulate what my question really is. Maybe advice how to clarify my priorities and stories from folks in similar situations. Thanks! +Basically I have a company stock plan with $65k worth of stock and stock options vested (mine to sell or do whatever I please with). + +A financial advisor from the company where that stock plan is held reached out and told me I could use that stock to open a managed portfolio where a financial advisor sells off my stock, then re-invests it and diversifies/manages the funds. + +I don’t know much about investing and frankly find it terrifying, so having a professional manage my portfolio sounds great. My company’s stock has been pretty steady the past couple years so I’m thinking I’m not making any money just holding onto it. But I’m mainly worried about that big sell-off taxable event. + +Let’s say I make $100k income, then sell the $65k worth of stock on top of that. Some of it short-term capital gains, some long-term. + +Anyone know if I’d be super screwed at tax time and owe a crazy amount, just as a general estimation? I’m terrible with this kind of stuff. Live in the US. Thank you for any help. +I have been building my 6 month emergency fund for the last year. I’m almost there—with 5 months saved. I also have sinking funds for most of the “expected unexpected” items, but I’ve been struggling a little with using money for truly unexpected things. For example, last year, my son had 20/20 vision. This year he needs glasses. I took money out of my EF to pay for it. Another example: I had some unexpected dental work that I took money from my EF for. But I can’t seem to shake the guilt that I should have prepared better. How do you choose to use your EF? +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. +Linear Regression is a popular term here, but I find it very hard to understand how a linear model can be applied on a random walk time series ? + +Here are a few basic approaches I see, in which ***I find all of them statistically wrong*** + +1. You get a linear line for a window of x past values and you draw a Bell curve around it to realize when you have over sell as a buy signal ( for example up from 95% to 68%) +2. You actually try to predict the next price on the line (which sounds ridicules in a V shape curve) +3. You draw many linear lines for small windows, and use angel as a buy/sell signal? +4. You don't use linear regression but **Polynomial Regression** as an indicator (?) + +&#x200B; + +Or you use it in other ways when the **independent** values are not only price/volume but many others (where then again you have a linear model which seems odd ) +ETH is so forgotten in this little micro segment of time. It's all about Bitcoin and their philosophers making proclamations onTwitter. The last macro headlines for ETH were ICO meltdown, hack and SEC. But all the while the engines are running behind the scenes numb to fear and FUD. Metropolis is getting closer every day. A reduction in block reward, closer every day, Raiden, closer every day. A thousand surprises, DAPPS, new entrants, closer every day. Does anyone think that Vitalik is watching Netflix right now? And by Vitalik, I mean him but also the thousands of developers inspired by his vision. + +It might be September when the attention of this beautiful, maddening and ADD community turns back to Ethereum, or it could be next week. But does anyone here doubt that this volcano is going to blow sometime in the next three months, if not now, then when Metropolis comes out? If you've spent as much time as I have watching this community, it seems incredibly obvious. I felt this way in December and I bought more ETH without a second thought. That's all the timing I'm capable of. + +I wish Bitcoin well. But soon Ethereum is going to stop playing games, we'll grow out of this adolescent stage much more quickly than anyone thinks, and we are going to the fucking moon. Remind me, Bot. Not Vicki, I cut it off with that gold digger months ago. +Hi folks, Tendie Baron here. + +# Today, on 6/21, Forex/CFD broker IC Markets has put BBBY as "Only Position Closing is allowed" + +&#x200B; + +**Here is the proof:** + +[ Screenshot of 6\/21, shows that a small amount of BBBY buy using market orders failed because of \\"Only position closing is allowed\\". Note that the timestamps are in local time, the attempted buy orders were done during market hours. In the screenshot I blocked out the account number from my source. ](https://preview.redd.it/t7mciq80m1791.png?width=1125&format=png&auto=webp&s=409f33bf2fd40aab230edb591cad6360f4b96232) + +&#x200B; + +In the past, my source has shared me reliable information before, so I trust my source. But I figured that checking and verifying could never hurt. That's why I reached out to IC Markets myself, using their customer service widget on the website. At first you get a bot, but after 3-4 questions you can actually talk with a real person. Here are the screenshots of my chat with the customer representative: + +https://preview.redd.it/ytf3a6l7m1791.png?width=448&format=png&auto=webp&s=b30b1adef9bde0c343017f8dfc39255f936ff541 + +[ So the customer representative is actually saying that there was NO PCO on BBBY. Neither this morning or at the moment. ](https://preview.redd.it/p4j70nv7m1791.png?width=456&format=png&auto=webp&s=c5f404c36d448eb4c1f36e1aee324b1c79060ac1) + +&#x200B; + +So I reached out back to my source, sharing the screenshots I've shared here. Most important: **I blocked out the customer rep's name.** + +**But according to my source, he STILL CAN'T OPEN A POSITION, due to "Only Position Close"** + +I asked him to reach out to IC Markets himself to inquire on why he was getting this notification. + +https://preview.redd.it/n9mewpp9m1791.png?width=557&format=png&auto=webp&s=f6eaaeea5ff943feb4604168eecea455d6a69a86 + +[ BBBY IS IN FACT PCO! ](https://preview.redd.it/3m91cb1am1791.png?width=548&format=png&auto=webp&s=cc3c6e4773f699080ec012125a58b30946a8d3ee) + +&#x200B; + +Note: When I shared the screenshot with my source, I had already blocked out the name of the customer rep. When I received the screenshots from him, I saw the name. It was the SAME NAME as the customer rep I spoke with. This is why I have no doubts on the validity of the screenshots received. + +[ Another screenshot with a different time \(local time, about an hour before EOD\), showing that BBBY is in fact STILL PCO'ed! ](https://preview.redd.it/4affz85bm1791.png?width=1125&format=png&auto=webp&s=83ba9d07b39f0a51eadb9e778c4df6d863d50928) + +&#x200B; + +**Speculation part:** + +CFD brokers are basically betting against their own customers. The fact that they have BBBY on PCO, most likely means that they have high confidence in BBBY running. + +Fun fact: They PCO'ed the popular gaming retail chain on 5/19/22, and that stock ran nearly 30% six calendar days later... Probably nothing... + +&#x200B; + +**TL;DR:** + +* **Today, on 6/21, Forex/CFD broker IC Markets has put BBBY as "Only Position Closing is allowed"** +* **Customer representative DENIES that BBBY was or is currently on PCO** +* **The screenshots I received had the same customer rep's name as the customer rep I spoke with** +* **Customer representative says that BBBY is PCO for "risk management decisions"** +* **Screenshot at later time today shows that BBBY is in fact still PCO'ed** + +&#x200B; + +*Did you like this content, and do you want to see more of my content? You can choose to follow Tendie Baron on Twitter or here on Reddit, neither are monetized. Feel free to check out my profile.* +This is a warning to ALL users: Poloniex is **NOT** to be trusted. + +They are NOT honoring withdrawals and support is non-responsive. Withdrawals on the ETH chain are generating bad transaction hashes while your ETH are stuck in limbo. + +Support is entirely non-responsive. DO NOT USE POLONIEX. You will deposit your money and you can trade all day long, but you will NOT get it back. + + +**EDIT**: It seems based on comments here that some peoples' withdrawals go through while others' don't. This may be based on verification tier for the user, or it could be arbitrary. Either way, I will no longer be depositing funds to an exchange where my ability to withdraw them is up to a coin flip. I advise ***EVERYONE*** to double, and triple think it over before using Poloniex again. + + +I would like to direct this question to people here who have actually studied this, or spent a good amount of time reading the results of psychological studies and how having money impacts children. + + + +Obviously the unknown here is this answer may differ for every single person based on how much money they have, but let’s try to assume that this question is directed towards people who will presumably have a significant chunk of money when they die, and as their kids grow up. Let’s also keep it simple if possible. For example, here are a few vague~ish questions we can answer to get an idea of what’s healthiest for our kids. + + +These questions should be answered as if the goal is to raise the most mentally healthy and capable child, and keeping them driven, motivated, grounded and appreciative, while also helping them the most. + + +1. Do you pay for their college, in full? Partially? Not at all? + + +2. When they become old enough to drive, would you make them get their own car? Would you buy a car for them? Would you buy them a fun car because you know how much a teenager loves a high-end car and would buying a say... $40,000 car actually hurt them more than help, or would it enhance their confidence and happiness in those years? + + +3. Would you give them an allowance? + + +4. Should you try to save a lot of your wealth so you can pass it on to them when you die? Or do you think it’s healthier to tell them you plan on spending it, and only leaving them enough for a safety net, telling them they have to earn their own? I’d you knew you were going to pass with maybe $5m one day many years from now, would you try to spend maybe $4m and divide the remaining $1m up between kids or try to structure spending so you can pass on $5m one day? Or pass nothing? + + + +Again the specific questions don’t need answering they are just thought-provoking. + + + +What’s the healthiest way to handle money and kids? + Bonfire is a frictionless, yield-generating contract that allows you to seek shelter amidst the chaos of the market. + +"The market can be a scary place. One day things seem perfectly fine, the next you're down 20%, ETH gas prices are $650, and it feels like the whole world is panic selling. You feel cold, alone, and afraid. That's why we're building a $BONFIRE. A comfy place for you to seek refuge from the storm outside, collect taxes as you hodl, and watch your profits soar. We've got a ton of partnerships and listings coming that we can't wait to announce. " + +**PURCHASE USING PANCAKESWAP VERSION 1** + +**STATS as of 5/14/2021** + +>Market cap: \~$250 Million AND CLIMBING ༄ ATH market cap: \~$500M +Almost 300,000 holders in under 4 weeks +Recently listed on Whitebit and DeCoin +Listed on CMC and CG +Video preview of beta app released + +USE CASES + +>A unique Launchpad project in development by the BONFIRE team. +**FireStarter is the second step towards building a BONFIRE dApp ecosystem.** +Video preview **of beta app RELEASED -** It will provide all the tools necessary for new projects to reach potential investors through initial coin offerings and initial decentralized exchange offerings. +**FireStarter is a platform that allows its users to invest in vetted and audited newly established projects in the form of a presale with a fixed token price, allowing the opportunity to buy tokens at a lower price than the listing price.** + +Q3 2021: BONFIRE NFT MARKET + +>**We are building a unique, frictionless NFT trading market,** where you can analyze, track, and discover valuable blockchain-based NFTs in real time. +**We have other amazing plans for the NFT market in general that are currently undisclosed.** Stay tuned! + +END OF YEAR GOAL + +>Our community will migrate to a fully functioning social media platform with an ecosystem running on BONFIRE token\*\* +We aim to implement **liquidity pools between friends, NFT AR/VR showrooms, full profiles, daily games, quests, and much more.** + +MORE INFORMATION + +>We have an incredibly transparent and genuine team, **and several devs have doxxed themselves.** They are all very active in the community on every social media platform. You can tell how invested and passionate they are about this project in the AMA (Ask Me Anything) videos. **We have a social media presence on Twitter, Reddit, TikTok, YouTube, Instagram, and Twitch.** Along with our official social media accounts, which can be found below, we have thousands of community members who contribute to promoting the coin. Our community is unlike any other, and we are all here for the long haul. We are here to support each other and have a good time on the way. + +OUR WEBSITE: [bonfiretoken.co](https://www.bonfiretoken.co/) + +>𝑳𝒊𝒗𝒆 𝒕𝒐𝒌𝒆𝒏 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 +𝑾𝒉𝒊𝒕𝒆𝒑𝒂𝒑𝒆𝒓 +𝑹𝒐𝒂𝒅𝒎𝒂𝒑 +𝑬𝒙𝒕𝒆𝒓𝒏𝒂𝒍 𝒂𝒖𝒅𝒊𝒕 +𝑴𝒆𝒆𝒕 𝒕𝒉𝒆 𝒕𝒆𝒂𝒎 + +JOIN THE DISCUSSION + +>[𝑫𝒊𝒔𝒄𝒐𝒓𝒅](https://discord.gg/bonfire) +[𝑻𝒆𝒍𝒆𝒈𝒓𝒂𝒎](https://t.me/BonfireTG) + +SOCIAL MEDIA LINKS + +>[𝑻𝒘𝒊𝒕𝒕𝒆𝒓](https://twitter.com/token_bonfire?s=21) | [u/token\_bonfire](https://www.reddit.com/u/token_bonfire/) +[𝒀𝒐𝒖𝑻𝒖𝒃𝒆](https://youtube.com/channel/UCy6OaZjILnABwiQgCzc51Lg) Bonfire Token +[𝑹𝒆𝒅𝒅𝒊𝒕](https://www.reddit.com/r/BonfireToken/) | [r/BonfireToken](https://www.reddit.com/r/BonfireToken/) +[𝑻𝒊𝒌𝑻𝒐𝒌](https://www.tiktok.com/@bonfiretoken) | [u/bonfiretoken](https://www.reddit.com/u/bonfiretoken/) +[𝑻𝒘𝒊𝒕𝒄𝒉](https://www.twitch.tv/bonfire_token) | [u/bonfire\_token](https://www.reddit.com/u/bonfire_token/) +[𝑰𝒏𝒔𝒕𝒂𝒈𝒓𝒂𝒎](https://instagram.com/bonfiretoken?igshid=4js5c4zkevif) | [u/bonfiretoken](https://www.reddit.com/u/bonfiretoken/) + +AMA LINKS + +>[4/25/21 | YouTube](https://youtu.be/mDGU00LkjNo) +[4/28/21 | YouTube](https://youtu.be/2gHeLVx8P3k) +[5/1/21 | YouTube](https://youtu.be/n2BeuqgQSmU) +5/4/21 | [YouTube](https://youtu.be/Gg6pZ0mJzI8) | [Twitch](https://www.twitch.tv/videos/1011099228) +[5/12/21 Q&A | Youtube](https://www.youtube.com/watch?v=68yCbvZS3g0) +We're all probably getting ready to traveling and splurge a little. Thought it might be nice to help each other out and list your favorite hotels along with the city, country and a description on why it tops your list. + +Hopefully we can get a really good list going so our upcoming travels are extra special. +Hi everyone, +I’m 24 and my family moved to the the US in 2006. They didn’t know any English or anything about rates/ mortgages. My dads employers at the time offered to lend money to buy a house since my parents didn’t have a credit score or anything when they came here. I guess it is a private mortgage since the employer is the mortgagee. They borrowed 200k with interest rate of 5% per year from October 2006 until October 2011. + +Here is where it gets tricky- my parents borrowed 100k from their friends since their business was doing well to pay off 100k from their mortgage balance of 200k. A year later, the friends asked for the money back so they had to ask for more money from the mortgager. + +In 2009, my parents did the purchase money note and mortgage again for $117k with interest rate of 5% per year from July 2009 until October 2011. The new modified agreement in 2017 states the new Maturity date is 10/31/2021 with the same interest rate because of the extended mortgage. + +The principal balance is now $227k that my parents owe the employer. How should we proceed forward since the maturity date is next year? Do we borrow money from the bank to pay this off and see if the bank will provide us a lower rate?? + +The employer definitely took advantage of the limited knowledge that my parents had and the fact that they couldn’t speak/ understand English when we first arrived. I don’t even know where to begin and feel hopeless and useless. My parents don’t have a lot of money (maybe a Couple thousand in their bank) since they are low wage earners. I could help out but I only have $10k in savings account and 10k in my Roth/brokerage account. If anyone has any suggestions, please feel free to leave a comment!! +My wife (31) and I (38), are now firmly in the black. Student loans paid off. No credit card debt. No car payments. We both have 100k+ jobs. The only debts we have are the house we live in and a rental property that pays for itself. + +With the recent bonuses we have our emergency fund built for 6 months and have 30k sitting in savings. This amount of money is new to us. We've had money before but it was always already spent - house down payment, loan payoff, medical bills, etc. We know we need to make the money work for us but don't know how. + +Quick information: +- We currently both have 30 year term life insurance policies (1.5 mil) +- We have a 9 month old child that we want to plan for (be able to pay for college) +- We both currently only fund our employer 401k plans to company match (6%) + - my 401k is only at 200k + - her 401k is only at 90k +- We have a budget established and save 3-4k per month living well below our means +- We don't currently have enough assets to justify getting a financial planner (at least from what I've read) + + +We don't know what to do with the 30k+ we have sitting in savings. In our minds we need to save up 200k+ to one day have a down payment to purchase a small apartment building. But that amount of money will take 2-3 years to build. We also are not sure if we should be going the route of funding a 529 plan vs just fully funding a Roth IRA. Any guidance would be appreciated. +I’d never heard of this until I watched a Netflix show. (Netflix: Connected; season 1 - Digits) + +If your unfamiliar with it, it’s this: +In any collection of random numbers, +30% will begin with the the number 1, +17% will begin with the number 2, +12.5% will begin with the number 3, +And, less than 5% for the number 9 + +Whereas “equal randomness” would presume an equal distribution of 11% per number. + +https://en.wikipedia.org/wiki/Benford%27s_law + +Once I came to terms with this law existing, the next thing I thought was how can I make money from this? + +National tax collectors (the IRS will not confirm or deny they use it) determine if someone’s returns need closer inspection if it fails Benford’s. + +Someone also checked Enrons figures after they collapsed and said Benford’s law if applied to Enrons accounting would have raised a flag. It’s also been used to detect deep fakes and photoshoped images. + +I know checking for cooked books is not part of this thread’s mission, but I was trying to come up with some way to use it in trading and I don’t have anything. + +Anyone have any thoughts on how this could be used? +This guy invested $25,000 two years ago and grew it to 365,000 today and he’s only doing passive investing like dividends. His YouTube video thumbnail history shows almost monotonically increasing portfolio size which looks incredible. Does anyone follow him seriously? Is this real or fake returns? https://youtube.com/c/JosephCarlsonShow +The only noticeable difference I could catch from Google is that Current Account has no limit to the number of transactions whereas Savings Account does. But I was unable to find the maximum number of transactions allowed in Savings Accounts in the Indian context. Nor have I encountered any troubles with my SBI savings account despite doing a good number of transactions via Internet Banking, UPI etc. +I got into the market around 2017 with like $300. Since then, it’s built up to about $5k. It was actually closer to around $8k just a few weeks ago, but we all know what happened there. I was I hoping to hold for another 10 years, at least, but medical expenses have left me no choice but to use my crypto. About a year ago, I became disabled by lower back problems and unable to work. I have pretty severe degenerative disc disease in my spine and problems with my SI joints. I already had a surgery in December and have been in physical therapy three times a week for months, which unfortunately did not change much. Now my doctor is recommending I try PRP and stem cell therapy. It’s not guaranteed to work but it might be my only chance. Because the insurance company still sees this as “experimental” I have no choice but to pay out of pocket. Without the crypto, I wouldn’t have the option at all. My savings are completely gone at this point. It sucks to be in this position considering I’m only 38 and just trying to start a new business, have kids, etc, but at least crypto is giving me a chance to get better. I’m extremely thankful for that. I hope the rest of you keep holding for a long time. I would, but I don’t have a choice anymore. I’ll be back in the crypto game as soon as I get the chance. Good luck to the rest of you. Keep holding for me. + +Edit: some internet detectives have determined I’m fake because I said I make $40/hr 3 days ago. That is what I make, when I’m working. I didn’t get fired because I’m injured. And that comment was a joke about moving to Florida to work at a gas station. Name whatever proof you want and I’ll post it. You can call my surgeon for all I care. + +Edit 2: here’s a comment I made 54 days ago about my issues. From [this](https://www.reddit.com/r/dataisbeautiful/comments/mjk21l/my_walking_distance_and_walking_symmetry_since/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) post about the surgery. + +“I just have a breakdown in that joint from a combination of stress and bad genetics. I’m probably going to end up getting the left side done as well soon. by stress I mean stress on the joint through work and athletics, not mental stress.” +I have a 2006 Honda Accord 4cyl that has 225,000 miles on it. I drive it to and from work every day (for 5 years) and it has been acting up on me lately. A tire leaks air, the brakes are bad, and I'm having troubles while accelerating. Not to mention my two toddlers have trashed the interior. I chalked it up to being time to buy an upgrade. + + +I started searching for cars online. I can get this 2016 for just $18,000! But I might as well go new for a lower interest rate. That's only $25,000 for a brand new car. I have about $2,000 budgeted for car repairs that I can add to trade-in value on my Accord and will come away with a super nice vehicle at a low monthly rate. + + +As I continued searching, I kept trying to fight reality. In actuality, I have the ability to fix every one of these issues, but my own laziness is attempting me to find the easy way out. + + +I got online and found new brake rotors and pads, air and oil filters, and spark plugs. I got my oil from a local mega-chain. In one day I plugged a tire (nail), changed my air filter, changed out the brakes, changed my oil, and changed my plugs. In total it may have cost me a hundred bucks and a weekend day. I also cleaned up all the trash and clothes, and vacuumed the car. I felt so accomplished when I was finished. + + +I swear, it feels like I'm driving a whole new car. Now looking back, it seems silly that I wanted to buy a new car just for convenience of not having to deal with preventative maintenance. Before you make a large purchase, take a step back and ask yourself if it's really necessary. I consider myself great with money but apparently very lazy as well haha. + + + +Edit: Many posters have recommended other semi-DIY preventative maintenance jobs for older cars. Do these at your own risk. There should be plenty of instructional videos on YouTube. (In no particular order): + + +Replace Water Pump + +Replace Control Arm Bushing + +Replace Tie Rod End + +Flush Brake Fluid + +Change Transmission Fluid + +Replace Serpentine Belt + +Clean Mass Airflow/Map Sensor + +Clean Throttle Body + +Replace Fuel Filter + +Replace Shocks/Struts +I posted a while ago when we were at the halfway mark of paying off our debt. Today I finally made the last big payment. We are officially debt free. We had 22k in CC debt in January of this year. It’s been hard to see almost all of your hard earned money go toward those balances but I am SO relieved. My credit score has gone up significantly. We have a little money in our savings account. We can maybe even start thinking about buying a house in the next year or two. + +I had no idea how much the stress of CC debt was affecting me emotionally and physically. Thank you to the tips and tricks and also just support of this sub - it’s HUGE to know you aren’t alone. Next mountain is student loan debt (20k) and our car (7k).... +So devastated, ordered $18 worth of food (2 pizzas with 5.99 each coupon and 16 bread bites in hopes it'd last multiple days) for Delivery from Domino's and attempted to tip $2.3, but accidentally put in $23. Hit the back button a bunch of times while the processing screen was up after i submitted the order, of course to no avail. $20 extra charge on my credit card I didn't need +&#x200B; + +https://preview.redd.it/a5yv387dkf171.png?width=1600&format=png&auto=webp&s=ee61b1b888ecdacbf02623f0cb545bb9c4086385 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/tcqbdc6gkf171.png?width=680&format=png&auto=webp&s=c36976b3db22cea9b69877a196dce94360396a4d + +Ok this one is a little obligatory + +&#x200B; + +https://preview.redd.it/9z5xwnmjkf171.png?width=960&format=png&auto=webp&s=1734a4cc62e1c6b39337364df11412e0f66cb073 + +Happy 200, glad to see you again my old friend. + +&#x200B; + +But let's go with the news + +&#x200B; + +https://preview.redd.it/x1dadtwpkf171.png?width=640&format=png&auto=webp&s=2590f499ef55702360c92afd0d44dce09df53982 + +# Cramer and Bear Stearns + +So everyone has seen the big short by now right? + +At the ending of the movie you can see Mark Baum at a conference and a guy talking about how his bank is still ok, while the rest of the room is getting updates on their phones that the stock is plummeting, this is what happened with Bear Stearns and Jimmy Cramer. + +Bear Stearns was one of the biggest banks in terms of stock brokering in the world at the time. and Jim Cramer told others to "buy buy buy" as he so often does with his soundboard. the problem however was that at the time BS was trading around $62 usd, only five days later they got bought out by Jp Morgan for $2 usd a share. (bailed out by them). + +Now from this came a joke of sorts, always do the opposite of what Cramer says (even long before we apes came along), sometimes he has a good thing in there and some actual good advice but more then not I'd say the inverse is true. + +Now Jim Cramer has a great background as a hedgefund manager and entertainment personality, both come with great connections to the right people, so you'd think he would know whatsup and give better advice than most people could as just a tv personality, but here we are again, another "Bear Stearns is FINE" moment, there have been people screaming about the inflation of the USA going insanely high (prices of food, lumber and metals going up) and JPOW is screaming "nah it's all ok" + +I'm hardly an expert or someone who is allowed to use scissors without supervision, but by all the markers it seems that the USA economy is circling the drain right now, with reverse repo rates getting higher by the day, inflation rising, CBOE VIX spiking every other day, M1 surging.... + +Yeah this feels like another "Bear Stearns" situation to me. + +[reverse Repo going up again](https://preview.redd.it/7brl8wioof171.png?width=857&format=png&auto=webp&s=4debd99f223a76f9f53a544b2dc6ee32ecfb7869) + +&#x200B; + +# SR-ICC-2021-009 + +[https://public-inspection.federalregister.gov/2021-11083.pdf](https://public-inspection.federalregister.gov/2021-11083.pdf) + +This beauty is going to be filed today. + +I'd say give it a good read, I personally love page 6 and 7 + +"establishing a risk-based margin system" hmmmm Kenny be sure you have your phone on buddy ;) + +&#x200B; + +https://preview.redd.it/42xlo4ksof171.png?width=828&format=png&auto=webp&s=a09af119e2515a6b6edd7812610889cfedb69497 + +# To big to fail + +Today the senate banking committee will hold its hearing on may 26th at 10 A.M. what the hearing is about or what they're going to talk about is unknown, the same is for tomorrow the house financial services committee will be holding it's hearing at the 27th at noon + +Its indicated that the biggest banks ceo's will be hauled in front of congress, just like in 2009 + +the following CEO's will be attending and scheduled to testify + +1. Jamie Dimon - JPMorgan Chase +2. David Solomon - Goldman Sachs +3. Jane Frase - Citigroup +4. James Gorman - Morgan Stanley +5. Brian Moynihan - Bank of America +6. Charles Scharf - wells fargo + +I currently do not have a link to where we can view/stream these hearings but if a smart ape finds out let me know and I will update it here + +&#x200B; + +Big thank you to u/sky_is_not_the_limit for finding these: + +Hearing for today, 26th 10 am + +[https://www.banking.senate.gov/hearings/annual-oversight-of-wall-street-firms#](https://www.banking.senate.gov/hearings/annual-oversight-of-wall-street-firms#) + +House financial comittee, 27th noon + +[https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407756](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407756) + +&#x200B; + +https://preview.redd.it/rggptmqvof171.png?width=828&format=png&auto=webp&s=867c0be332be1762180610c835e6b3dbdb30bc5e + +# For the new apes among us + +First of all welcome! + +Second, for the people who see this and think "Woah dude" be sure to chill and read some DD we have posted around here, while going up over 200 is nice we are up institutional gamblers \*cough Shitadel\* + +These guys will do everything to win so they wont go "fuck it, they've won" they'll fight till the last nickel is done for, so even though its awesome to see, don't think you've won until it's way over. + +Again read the DD, take in as much info as you can, and double check everything, never trust anyones word, always do your own DD. + +Knowledge is the weapon against all FUD + +&#x200B; + +&#x200B; + +https://preview.redd.it/ieiirzhupf171.png?width=510&format=png&auto=webp&s=af389726d3196916e9274c8575c42998e8bfbf95 + +# IS IT A BIRD? IS IT A PLANE? + +I will be adding a big part on the NFT and blockchain stuff here later today be sure to come back and check it (I'd rather take my time to double check everything and the possibilities with it before making claims that may be wrong). + +The big news comes down to something fucking awesome + +* First Actual use of the NFT to use as a service or goods +* NFT based preorder items +* Perhaps a crypto dividend +* Power up rewards can become part of the blockchain +* reselling of digital games +* Digital marketplace. + +If any of these are going to be implemented, congrats RC you've just killed off Steam + +But again I'll be diving deeper into the entire crypto part and will be coming back here later today to update it with as much info as I can find. + +&#x200B; + +https://preview.redd.it/mqe42y2lqf171.png?width=554&format=png&auto=webp&s=005491bcd8e21ed8088469d4116d67ddcd363e71 + +# EXCELLENT! + +Be friendly, help others! + +as always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes** + +this helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/jh1v3b0sqf171.png?width=400&format=png&auto=webp&s=d8cb0bc7d15aedb90561e26691aa61ac208320b8 + +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; + +Little side note: I wont be posting through Automod anymore because it takes away the ability to edit the posts once posted :( if anyone found a way around this by any chance please let me know because I'd love to just use automod but I need to be able to edit. + +Be sure to check in for updates throughout the day! + +\------------------------------------------------------------ + +# Gamestop Cryptoshop + +&#x200B; + +Ok I have to preface this that my crypto knowledge is extremely limited, and I will have to go off of information of smarter apes which have posted here, so if anything is incorrect in this next segment please feel free to correct me. + +Now first of some things we know for sure (or think we know for sure). + +the address where you can find the info is [https://nft.gamestop.com/](https://nft.gamestop.com/) + +There is a small game hidden in there, with the squeezable cat toy, its the little pixel on the top right of the website if you click that you get the game. + +\------------------------------------------------------------ + +The token was created around the time of Ryan Cohens tweet + +[https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://etherscan.io/token/0x13374200c29C757FDCc72F15Da98fb94f286d71e) + +\^ address with all info and age. + +\------------------------------------------------------------ + +Do not buy any Crypto's because people say "this is Gamestops Crypto" When GME will launch their crypto for to be able to buy, expect Gamestop to offer some sort of press statement, the crypto landscape is littered with scammers so be very careful please. + +\------------------------------------------------------------ + +The platform they are using is Etherium and some information about that can be found here: + +[https://www.theblockcrypto.com/linked/106071/gaming-retailer-gamestop-is-building-an-nft-platform-on-ethereum](https://www.theblockcrypto.com/linked/106071/gaming-retailer-gamestop-is-building-an-nft-platform-on-ethereum) + +\------------------------------------------------------------ + +The GME crypto will launch on July 14th, Bastille day. + +&#x200B; + +https://preview.redd.it/ttjgz0y8ag171.png?width=828&format=png&auto=webp&s=cc8a9fab35715616a44f544442dc7357c67a4207 + +[https://en.m.wikipedia.org/wiki/Bastille\_Day](https://en.m.wikipedia.org/wiki/Bastille_Day) + +This was found by u/jakksquat7 in his thread [here](https://www.reddit.com/r/Superstonk/comments/nl2vld/july_14th_the_date_of_the_gme_crypto_coin_launch/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +\------------------------------------------------------------ + +Another thing we know for sure is that this does not automatically mean there will be a crypto dividend, but the possibility of one just rose exponentially. As GME themselves have not made a public statement about this we don't know for sure if it will happen, but again it seems like the chances just rose exponentially. + +\------------------------------------------------------------ + +&#x200B; + +https://preview.redd.it/v5gpt5gqag171.png?width=500&format=png&auto=webp&s=54e00366b5333b2d6bfb5dd45317b0338fd311f3 + +\------------------------------------------------------------ + +NFT's have not been used for "useful" transfers, meaning up until now you could buy digital artwork, or a videoclip. With Gamestop getting into the NFT business we might see the first implementation of "useful NFT". + +With useful I don't mean to say the previous stuff wasn't, but useful is more defined in the sense of something you can actually use as a product. + +This can be implemented in lots of different ways as I've come to understand it, as with the blockchain you can get verified data. meaning one could in theory use it to sell and resell digital assets. + +So they could in theory make a "Steam" like store, but with the option of selling your digital games, or selling cosmetic items (players of Warzone/Fortnite/CSGO and others may be familiar with this and know that custom skins can sometimes go for big money), also as I understand it is that the original creator gets a cut of the profits if it gets resold. + +The old model was: +Player buys physical model in store +80% of the profit is for the store, 10% for the publisher 10% for the creator (just an example), but once the game got traded in and resold the profit was 100% for the store selling this game. + +Now in the digital marketplace we see people like Valve and Apple having a monopoly (their cut is usually around 30ish %) but there is only one sell and it's done + +With the new model it could be possible a player plays a game, is done with it and wants to sell it, now lets say it gets sold on GME's marketplace as an NFT, the original creator/publisher of the game will get a cut of each sale on the secondhand digital market, this incentivises them to participate as it creates a secondary (passive) income stream for them. + +Also you could have more weight behind digital versions of "collectors editions" + +&#x200B; + +The same could also be used for "save files", in game currency, specific partnerships (for example twitch or SLGG or Microsoft) to make an easy method to pay across all platforms with a simple click of a button, and GameStop as a company can earn a passive income stream from "transaction fees" (for example 1 cent per sale, if you have thousands a day that still racks up a nice sum). + +The same could also be used for actual physical items, they could combine their powerup rewards program with this, or Pre ordering, curbing scalpers (seeing they sell both consoles and graphics cards now who knows?) + +This could nullify the Piracy argument and need for bad antipiracy locks ( LOOKING AT YOU DENUVO DRM), because the item could be verified via nft blockchain. + +Cross platform games or cross platform avatars, as in theory (as far as I understand) your entire gamer profile could be an NFT + +&#x200B; + +Regardless of what Gamestop decides to use their NFT technology for, I am thrilled to just even think about all the possibilities that this technology brings with it. and as someone who has never really dabbled with crypto that much, this is exciting to see crypto come very close to physical stores. + +&#x200B; + +Again boilerplate not financial advice and I know jack shit about crypto, but I like this stock and I'm excited to see the future + +&#x200B; + +&#x200B; +This is something different to 300K salaries and 2005 Camry ownership… + +My son lost his second tooth yesterday. + +We never have cash in the house and being a Sunday evening, I wasn’t going to the ATM. + +Only note I could find was a $20. My son is now $20 richer. + +What’s the going rate for other homes in Australia? According to the 2018 study of Bluey episode “Markets” it’s $5. + +Have I created a monster with my lazy behaviour? Can I pass this off as temporary inflation that will go back to normal once interest rates rise? +Recently, my wife and I bought a chunk of Bitcoin after years of discussing it between ourselves. The other night we were in the HouseParty app with 3 other couples. Of those 6 people, 4 are firmly entrenched in the legacy banking system. + +While we haven’t disclosed the amount we actually put into Bitcoin, we did acknowledge to them we decided to buy. Big mistake. + +For the next hour we were subject to constant jokes. Wherever there was a jab to be made, it was quickly converted to a Bitcoin joke and directed our way. All 6 of them relished greatly in it. We are good sports and laughed along. + +At one point, I began to genuinely laugh with them. Not because the truth of their jokes were funny, but rather I was laughing at them as they laughed at us. + +Why? + +Because Bitcoin is real. + +They can laugh all they want. What’s more hilarious is how clueless they really are. I hope you’ll join me in laughing at those who laugh at us. + +Let the haters hate and HODL on. + +I don’t normally talk like this... but, HFSP. + +Had to vent. + +Thanks for listening. + +EDIT: Whoa. Have never had something blow up like this. Just wanted to vent as mentioned - didn’t realize it would connect like it did. + +It sounds like most of us feel the same frustration. In that regard, I appreciate the kind notes and encouragement. + +I do genuinely believe we are all on the right path and hope it works for us as intended. + +It’s nice to feel the support of such a great community. + +Thank you for the upvotes and awards. Oddly satisfying. Keep ignoring the ignorant and stacking Sats! +Recently, my wife and I bought a chunk of Bitcoin after years of discussing it between ourselves. The other night we were in the HouseParty app with 3 other couples. Of those 6 people, 4 are firmly entrenched in the legacy banking system. + +While we haven’t disclosed the amount we actually put into Bitcoin, we did acknowledge to them we decided to buy. Big mistake. + +For the next hour we were subject to constant jokes. Wherever there was a jab to be made, it was quickly converted to a Bitcoin joke and directed our way. All 6 of them relished greatly in it. We are good sports and laughed along. + +At one point, I began to genuinely laugh with them. Not because the truth of their jokes were funny, but rather I was laughing at them as they laughed at us. + +Why? + +Because Bitcoin is real. + +They can laugh all they want. What’s more hilarious is how clueless they really are. I hope you’ll join me in laughing at those who laugh at us. + +Let the haters hate and HODL on. + +I don’t normally talk like this... but, HFSP. + +Had to vent. + +Thanks for listening. + +EDIT: Whoa. Have never had something blow up like this. Just wanted to vent as mentioned - didn’t realize it would connect like it did. + +It sounds like most of us feel the same frustration. In that regard, I appreciate the kind notes and encouragement. + +I do genuinely believe we are all on the right path and hope it works for us as intended. + +It’s nice to feel the support of such a great community. + +Thank you for the upvotes and awards. Oddly satisfying. Keep ignoring the ignorant and stacking Sats! +$BABYELON is an open source peer-to-peer digital currency on the ethereum blockchain that distinguishes itself from other digital currencies in the crypto space through its aim in cultivating a vibrant, productive, and supportive community. Relatedly, as a community driven project, BabyElon rewards holders with an innovative reflection rate, as 5% of transactions is redistributed among existing holders. It is these elements, jointly combined with an experienced team of developers and influencers in the cryptocurrency space that set up BABYELON for long-term growth and progress. + +Website: [http://www.babyelon.co/](http://www.babyelon.co/) + +Twitter: [https://twitter.com/baby\_elontoken?s=21](https://twitter.com/baby_elontoken?s=21) + +Telegram: [https://t.me/babyelonofficialtg](https://t.me/babyelonofficialtg) + +Youtube Campaign: [https://www.youtube.com/watch?v=5mindEpwmAc&t=3s](https://www.youtube.com/watch?v=5mindEpwmAc&t=3s) + +Global Outreach + Marketing: + +China - The BabyElon Chinese Marketing Campaign Phase 2 (on weibo, btok, wechat, and more). + +Turkey, Vietnamese, and Japanese - communities have been onboarded and are in production. + +Contract: 0xdfb4a81727aa961b6ee830720843104fae0fdff9 + +Dextools Chart: [https://www.dextools.io/app/uniswap/pair-explorer/0x20b29f2c6ab60880a0d062a72d33bdee3249e64d](https://www.dextools.io/app/uniswap/pair-explorer/0x20b29f2c6ab60880a0d062a72d33bdee3249e64d) + +Ecosystem Announcements: + +BABYMONITOR - PHASE 3. BabyMonitor is an app with which users can track their $BABYELON + +token stats over time. Stats include $BABYELON redistribution rewards, total balance, current USD value, price charts, and more. + +CRIB - Coming in PHASE 4, CRIB is the official BABYELON community’s Token and NFT decentralized marketplace – $BABYELON tokens can be staked (locked) in order to receive exclusive tokens rewards ($GooGoo & $GaGa), as well as NFT rewards and digital collectibles featured by artists that are themselves part of the BABYELON community. BABYELON will foster participation in regular contests for artists to showcase their work and have the community vote on which should be added to the Marketplace. + +PLAYDATE - Coming in PHASE 4, PLAYDATE is a decentralized exchange (DEX) where users can swap any ERC20 token for another one. It is powered by Uniswap, the largest and safest DEX in the world and acts as the foundation on which BABYELON will develop further functionality and + +Operations: Daily Telegram AMA’s + +Creative Direction: Internal design team led by the well-known creative director of Kishu + +Philanthropy: Weekly Charitable Donations - [https://twitter.com/MillionGardens/status/1412907527419858955?s=20](https://twitter.com/MillionGardens/status/1412907527419858955?s=20) + +Opensea NFTs are already available for bidding + much more to come. +So recently I've stumbled into credit problems due to not being able to pay for all of my daughter's unexpected medical bills and this month I accidentally paid in full one of my credit balances and realized I was not going to be able to pay this months mortgage. So I decided to go online and find a payday loan. They called and said I could get a loan for $1K (enough to pay this months mortgage) but that I would be charged $1,475 at the end of the month. I said wtf! And then they said, good news, you're recieving $25 off! I was like "Are you joking, I'm not interested" and hung up. + +So I got an email saying that my payment to my mortgage company went through so I'm guessing my bank paid it anyway. When I went online I found that many places are charging 300 to 600 percent interest! That's absurd! Talk about predatory, might as well go to a loan shark or something, Jesus! + +Edit: Apparently I was being charged 600% from this particular company, I had wrote 50% before but that was incorrect. + +Update: The bank honored my payment but now I'm in the negative, lol, ugh. But at least I got my holiday shopping done first and that card is paid off, lol. +Just started investing 3 months ago. My goal was to hit $600 in dividend returns by year end. I have just invested $3400 (will be purchasing another $600 worth of stocks when markets open) and have hit $272 in annual dividends and think once markets open I will pass the $300 mark. + + +I am focusing right now on a mix of income funds, EFTs and REITS. I understand I will forfeit some amount of growth but am expecting that the dividend yields will make up for it. + + +Now the big debate is the first $2000 I invested in single stocks (mostly Canadian financial and utilities) should I leave them, or sell them to add to the positions I will continue to build going forward. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +"Your more typical millionaire, though, is tightfisted." + +Here's an interesting read from Bloomberg that notes people who have a lot saved up are not spending as much as they could. Furthermore, this tendency increases with age. + +https://www.bloomberg.com/news/articles/2019-08-22/nervous-retirees-with-money-to-spare-are-sitting-on-their-wealth + +"BOTTOM LINE - Wealthy retirees’ reluctance to draw down their savings is trapping millions of dollars that could be stimulating the economy." + +My takeaway is that it is HARD to balance spending against both security and happiness. And that is reflected here daily in arguments about what is a big enough FI number and what SWR can be used. + +The affluent have formed accummulation habits over time; they literally save more than they spend. They may experience hedonistic creep over time, but they manage to minimize the creep relative to their income. The result is they are satisfied by minimal hedonistic creep and don't need to spend any more to be happy. + +And as pointed out in the article, there is a lot of risk in the world - investment returns, medical costs, and longevity are mentioned. The accummulators are reasonably protecting against these risks. + +Th article argues that they should spend more to stimulate the economy, but there's no real discussion of metrics - how much savings is enough. That's what I like about this community, that it gets into the weeds on this question. + +So thanks guys! +I’ve seen a lot of discussion happening over how all these hedgies are going to be able to buy back all the shares they have shorted. So let’s break this down to simple terms if we can. ELIA + +(Please interject any criticism you may have of this explanation and I’ll do my best to edit, I am a smooth brained ape and could use some help to clarify this even for myself from some wrinkled apes. This is an explanation of how I’m viewing the scenario) + +First, it is important to realize that once the hedge funds are MARGIN CALLED, they are no longer in control of the situation. All buyback is handed over to their clearing houses that handle balancing the books to cover all their losses. The HFs that are short will have to buy back all the shorted stocks they have done, until the correct amount of shares in circulation are really on the market. + +Let’s break this down as a formula. (I’m not going to assume any SI% or use real numbers in this because enough DD has been done on it to begin with) + +A (the amount of shares that are currently in circulation held by instituations, insiders, and retail and all other entities, along with all shorted stocks, including the naked shorted shares) -(subtracted by) B (the number of shares that should be in existence) = C (the number of shares that will have to be bought back to rectify the number to what it should be) + +A-B=C + +The hedge funds will have to purchase an amount of C shares to clear their debt. And their clearing house will do that for them. They are not able to do anything crafty and turn 1 purchased share into purchasing 10. They have to purchase 1:1 what they owe. + +A key to business is that for every buyer, there needs to be a seller. They have to buy back what is on the market for sale. If there are none, then they just keep raising the price until there are some put up. If retail investors (I’m not going to assume the amount that retail currently owns) do own more than what the float is AND collectively choose not to sell to the hedge funds, does this mean that retail sets the price? + +Well no. Anyone saying that they have to buy back all of our shares is not accurate. They have to purchase the amount of shares necessary to get back to the original amount. But the more shares held and not sold during this going up will make the price increase with less “stops” along the way. We also have to account for the fact that the amount of shares held now will not be the same as during the MOASS. People will be jumping on board as this is going up, including institutions. If they choose to sell their shares to get immediate tendies, this will count toward the balance of shares owed by the evil hedge funds. + +Does this mean that some 🦍 will be bag holders? + +No, rest assured you will have an opportunity to get your tendies apes. Some key things to remember about this are as follows: + +1. Their continuous purchasing of the stock will make this price go up continuously as well. The upward pressure on this thing will cause jumps in prices of which the stock market has never seen. + +2. If the SI is anywhere close to what some of the DD is mentioning (could be 200%, could be goddamn 5000%. We don’t know because they’ve been able to hide it with deep ITM calls) then this is going to take a looooooooooooonnnnnnnngggg time to unravel. They will be buying back shares multiple times over. This is not going to be reconciled in a matter of hours. You will have time to get to your moon that you choose. + +3. FULL DISCLOSURE, I’m putting an edit here to clear up any misunderstandings about the price drop. When the purchasing is done, and they’ve finally balanced the books, this is STILL going to take a while to come back down to earth. The price of the stock will hover for quite a while and it will not plummet from 10,000,000 to 100 in seconds. Do not be afraid that you won’t win this. You will get tendies. As long as there is buying pressure, you will be able to sell. Remember though that to sell your stock, your broker needs to have a buyer at a certain price. A seller always needs a buyer as pointed out below by u/MrFrozenMan So if there are no buyers, you may have to wait on option 4. + +4. Even with the purchase price currently, you will get tendies. This announcement of what they’re going to do at the annual shareholders meeting is excellent news. Ryan Cohen is going to transform this company into a powerhouse. It will be unstoppable, especially with the support of newly minted millionaire 🦍. The fact that they are paying top level people by profit the company makes gives them incentive and motivation to kick this into overdrive. (Something the previous board lacked) + +TL;DR: Dear apes, keep HODLing. Keep the faith. Prepare for this MOASS that is about to take place. Prepare an exit plan, prepare for life changing money. Prepare, prepare, prepare. + +Personally, I’m holding to $10,000,000. See you retards on the moon + +💎🙌🏼🚀🚀🚀🚀🚀🚀 + +This is not financial advice, do what you feel. This is just to give reassurance. I’m smooth brained. Don’t listen to me or look to me for guidance. + +Edit 1: One quick edit to start. This goes for all HFs too. Not just Citadel. As pointed out by u/TheRecycledMale +Each one will be going through this same process if they shorted GME. Remember too, all their other short positions will be exposed and if they’re going bankrupt, those will have to be covered as well. + +Edit 2: I’m going to try to reply to all I can, but this has already gotten bigger than I expected. I’m currently at work and I have to do at least A LITTLE today. + +SO CALLING ALL 🦍 +Any questions please jump in and help me out. This is why we are a COMMUNITY! To discuss and educate each other! Much appreciated! + +Edit 3: from u/roseeon_ +There will be trading halts on the way up for such large increases. This is not a time to worry! This is a safeguard that is in place for the stock market to hopefully regulate prices on normal stocks when things get crazy. This however....will be crazy....and is not normal...so expect multiple upon multiple halts with prices as the increase rapidly. Just sit back and know that 🦍 🦍🦍got your back and are holding just like you! +Just thought I’d put this up for a debate. Has any body thought about banking on your inflated equity and going to rent for a while? + +Nobody can time the market so IMO it’s a huge gamble. I’m against it as if the market keeps going up for let’s say two years, you potentially send up a chunk of what you had and could end up falling behind and struggling to get back on. + +I hope to hear other people perspectives + +Thanks +Two months ago, I made this post about giving my kids $100 in crypto and asking them to choose three cryptos each. I was asked by many in the thread to post a monthly update. So, here are the results after two months: + +**M\*\* (9yrs old, boy): ETH, THETA, ADA.** + +[Gain 49&#37;](https://preview.redd.it/ldprnrcyz1n71.png?width=970&format=png&auto=webp&s=ca528f7151cac191469d3ba6c4584ebf69ce99a0) + +**A\*\* (7 yrs old, girl): ETH, AAVE, CRV.** + +[Gain 37&#37;](https://preview.redd.it/58i2cge002n71.png?width=958&format=png&auto=webp&s=45df9efcfacf2dc49bb681a213d5440ebc427788) + +&#x200B; + +**E\*\* (4 yrs old, girl): UNI, ENJ, CAKE.** + +[Gain 29&#37;](https://preview.redd.it/iiu70rvr02n71.png?width=957&format=png&auto=webp&s=b622ac9e4ebb5edaaf6233e352c1ad0c34e5644e) + +&#x200B; + +Original [Post from two months ago](https://www.reddit.com/r/CryptoCurrency/comments/ofzwd4/i_gave_my_kids_100_each_and_asked_them_to_pick/). (For some reason, it was locked, I never found out why). + + + +>I have three kids, M\*\*, A\*\* and E\*\*. I bought them each $100 worth of cryptos of their choice and will give them the entire investment when they turn 18. I let them make their choices based on whatever reasons they wanted. All I did was show them the top 100 list from [coinmarketcap](https://coinmarketcap.com/). +> +>These are their allocations and reasons for each decision: +> +>**M\*\* (9yrs old, boy): ETH, THETA, ADA.** He really loved the black diamond and thought the other two had nice aesthetic designs. +> +>**A\*\* (7 yrs old, girl): ETH, AAVE, CRV.** She also loved the black diamond, the AAVE has her favourite colour and starts with the same letter as her first name, CRV has a pretty rainbow. +> +>**E\*\* (4 yrs old, girl): UNI, ENJ, CAKE.** She loves unicorns and therefore, loves UNI. The ENJ logo has a very pretty E for her name. CAKE because she loves pancakes. +I have home owner's insurance. I've started taking pictures of everything I own, with model numbers of appliances and stuff. I'll save it to the cloud tonight in case I somehow lose my phone. We're packing go-bags in case our evacuation order goes from "get ready" to "GO". + +What else should I be doing to prepare? I feel like I'm missing stuff. If we have to evacuate we'll try to pack all of our valuable stuff in the cars, assuming we have time. If we don't.. well then we'll already have the go-bags. +Do you remember the story of "The Emperor With No Clothes?" + +In that story, everyone knew the emperor was naked. + +He knew it + +His regime knew it + +The people knew it + +But as long as everyone pretended that he wasn't, then everyone could try to continue as if nothing was different than usual. + +**Yet try as they might to pretend otherwise, he had lost his shirt, and by following his example, soon everyone else had lost theirs as well. Soon they were all naked, and had nothing. Soon that was their "new normal."** + +You sense it also, don't you, apes? + +The empty store shelves. + +Goods and products almost doubling in price. + +The businesses closing. + +The neighbours going homeless. + +Everyone, whether they say it aloud or not, feels that things are swirling out of control. + +Everyone sees the emperor has no clothes. + +**The reality of our social and economic structure does not match what the media reports and the stock market claims to be at. These social and economic systems are moving only on inertia**. + +It is the belief of some that speaking the naked truth would bring that inertia to a halt. + +However, just like the people who ended up losing everything because they dare not acknowledge the emperor was naked, and got dragged along with the cult of "normalcy", so do our business and political leaders risk dragging everyone down to being naked and penniless. **Global economic disaster is already occurring, and MOASS is the only way to counter it.** +Everyone talks about whether or not the FED will have the stomach to crash the economy and raise rates, but what about the actual accounting of it? + +The CBO projected an average yield on the 10Y of 2.5% over the next 10 years (currently 3.3% ish) + +For every 100 basis points above the projection it’s estimated to incur an additional 265B in interest ( source https://www.crfb.org/blogs/what-would-higher-interest-rates-mean-debt ) + +Surprisingly, it’s estimated around 30% of all the debt is short term, and will mature before March 2023. + +If the FED raised rates to 5.5%, or 300 basis points above the estimate that would be nearly 0.8T in interest costs alone. + +2020 fed revenue was 3.7T, so assuming that number doesn’t shrink with a recession, we’re talking about 22% of revenue just on interest alone. + +Can someone explain to me how the FED can realistically sustain rates above 5% at these debt levels? (Let alone the 9-10%+ levels we would need to bring the fed funds rate into positive real rates). + +Aren’t they just going to be forced to inflate away the debt with negative real rates or some sort of yield curve controls? +For the sake of research and entertainment; what are some ETFs that are the ugly ducklings that nobody wants to dance with and you would never imagine could turn into a swan? Who knows, maybe there's a future swan out there, nevertheless, what are some ETFs that would not grow money or may even lose you a lot of money or are a straight-up gamble. Expand a little if you can. +[https://www.reuters.com/article/usa-china-securities/update-2-trump-administration-unveils-move-to-crack-down-on-us-investments-in-chinese-firms-idUSL1N2HY2O7](https://www.reuters.com/article/usa-china-securities/update-2-trump-administration-unveils-move-to-crack-down-on-us-investments-in-chinese-firms-idUSL1N2HY2O7) +Hey guys, + +as you may notice we have reached another milestone for our page! 80,000 members! It felt like yesterday when we completed the giveaway for reaching 50,000 members. We couldn't have completed this without the help of each member of this important page. The amount of new members joining in is incredible to see and the success of our discord channel has made the community grown to what it is today + + +For reaching this milestone, I will not be completing a giveaway. Rather I think its important we celebrate our success from this recent rise up with people that are struggling in this world. An example is cancer. As some of you may notice I haven't been active as one of the moderators for this page and the discord. The reason being is recently one of the most important people in my life has recently been diagnosed with stage 1 breast cancer. That important person is my grandfather. Its been a struggle for myself and my family but we've been holding strong for my grandpa. He's actually one of the people that introduced me to the world of investing as he showed me how far a dollar can go if you allow it to grow. He made a successful career and living for himself from knowing how money works when he only had grade 4 education under his belt. Even though he's struggling, he still calls me everyday before I head to work asking my opinion on the markets, real estate and of course stocks. I hope I can share these moments as long as I can. + +I would be selfish to say this is for my grandfather as I know everyone here has been affected by this horrible disease one way or the other. Whether its a friend or family member, we should all stand together to fight this horrible disease and as a community .....$10 can go a long way to helping someone like my grandfather or someone in a worst condition in their fight for life. $10 is the same fee as you would pay for a stock. + +I couldn't of done this without the help of u/Kotharip9 or some of you may know him as PkThunder of discord. This is his page that he has created to which all money goes towards BC Cancer Foundation. + +https://www.justgiving.com/fundraising/canadianinvestor?utm_source=sms&utm_medium=fundraising&utm_content=canadianinvestor&utm_campaign=pfp-sms&utm_term=a3e11d6e3f624003b75da957025c8acb + + + +Again I want to say a big thank you and I promise we will have a giveaway when we reach 100,000 members + + +All the best, + +Mod Team +I (late twenties) just sold my company and will receive around 11m USD for it. 1/3 in cash right away and 2/3 in RSUs over vesting over the next 4 years. I am based in Germany. Previously I had $500k with the majority invested in ETFs (80% MSCI World, 20% MSCI emerging markets). How should my changed situation change my portfolio? + +I could just keep doing what I am doing as I have big trust that the world economy will keep doing what it's been doing the last decades (grow 7% p.a. if the investment horizon is >15 years). But I am wondering if my changed situation should open new doors and possibilities which I should look into. + +I want to keep working another 4 years and then retire or go part-time to just focus on enjoying life and managing my investments. I feel like I don't need to take big risks ("why keep playing if you already won?") but I am also not risk-averse since I can handle some volatility since my costs won't go above $100k / year since I am a frugal person meaning if I keep a few hundred k in cash I can ride out bigger draw downs. + +TL;DR: My net worth 22x'ed. Should I change my investment strategy and do more than keep investing in broad market passive index funds? +I work as a consultant in the tech industry and have been at my job for exactly a year. When entering this position I admit I had foolishly accepted a salary lower than I knew I was entitled to, being told that I would grow and earn more. FYI I have both a bachelor's and master's degree in relevant fields of this position. + +Yesterday my HR rep sends me my raise letter, but had forgot to unsplit the PDF which contained everyone's raise letter. I find out that not only am I still vastly underpaid (by at least 15k according to market value), that coworkers in the same position as I am who were hired months after me and still know less are making over 20k more than what I am. + +The only thing I can think of as a reason would be their age + their previous job's salaries. I'm 28 years old and my coworkers are both over 35. But neither of them have Master's nor do they have as much experience or knowledge at my company than I do. + +How would you handle this situation? I am planning on speaking with the COO of the company to request a reevaluation, but I'm not expecting that he would do the right thing. + +---------------------------------------------------------------------------------------------------------------------------------------- +Edit: ~~I am under no circumstances planning to base my request for a salary review on the salaries of my colleagues. It's unfortunate that I saw their salaries to begin with but I know it's not a justification to be paid more than ever.~~ I'm speaking of a salary increase based on my own qualifications as well as my knowledge and production I've already proven I have. I want at least market value due to being a more experienced employee in my role than the people they know are paying more than I am. +**Okay, so I've been reading hundreds of comments saying it would be a mistake to not include this knowledge in my negotiation to management. If it's truly the best course of action in terms of leverage, I'll consider at least adding it to my list of reasons why I should be paid more, but without making it the main reason. Thank you for that piece of advice.** + +Edit: I have 7 years in professional IT experience prior to this job. I am not entry level. I'm just young. Also I'm not using my Master's as the sole basis for higher pay. I'm using it as additional evidence of my overall worth to my company and any other. + +Edit: Thank you everyone for your input. The majority piece of advice here is to look for another job with a higher salary and either take it if it's better or use it as leverage for higher pay at my current job. The resume is going out and I'll be seeing what else I can get as well as be a better salary negotiator the next time around. + + +**UPDATE** +Hey people. Just wanted to say that I had applied for another job and just received an offer! The offer is exactly the salary I was requesting at my current job (+15k) plus several more other incentives including mentorship and a better medical plan. Thank you to those who emphasized not to reveal my current salary. They gave a little push back when I told them I didn't want to submit that information, but they were alright with it in the end. Again, thank you everyone who gave their input. Bottom Line: **KNOW YOUR WORTH AND DON'T SETTLE FOR LESS** +In late 2019 and after the initial crash in 2020, I purchased approximately 40 different stocks and ETFs without knowing what I was doing. + +A year later, I'm up 16% overall, with only 2 that have significant losses. + +I know my buys were off-the-cuff, under-researched, over-priced, and whatever other hyphenated negative terms you can come up with. + +Do I sell, take my profits, pay the taxes, and start over again using better methods or do I just hold what I have hoping that over time they'll eventually be worth the price (Shopify in approx. 400 years, Square in 779 years....we have a 1074 P/E for Tesla?? Really??!) + +If I do sell, what do I do with the money in the meantime while looking for the right opportunity? I assume leave it in cash? + +thanks! +I somehow only just found this subreddit recently, and I’m already in love. I had been scrolling WSB for fun for a long time, and then I come here, read the comments and within an instant, this is my home. + +Clearly most of y’all are smart people. I’m just curious to know what people’s backgrounds are. I sense a lot of MBA’s and finance professionals, but maybe not. + +Edit: To break the ice, I’m an M7 MBA working primarily in RE. +Hello all, I am writing this post as a means of starting a discussion about Disney in which you are all welcome. This will be long - please scroll to the TLDR if you do not wish to read. + +The external internship I work for decided yesterday to liquidate our portfolio’s positions in Disney that we have held since 2018 (approximately $32,000 total, 2 positions, 1 for ~12% return, 1 for ~13% return). “Good god why would value investors such as yourselves sell one of the widest moat companies of our time?” is I’m sure the question most of y’all are thinking. Well... hear me out, here are our 6 reasons. + +1. Disney is taking on MASSIVE debt, and has passed our threshold for obligation ratio. + +The Warren Buffet way of calculating obligation ratio (which is how many years it would take a company to pay off its debt) suggests that businesses with ratios over 5 years can be in trouble and that investors should be warned. Disney recently took on 11 billion dollars in new debt to ease the burden. It has pushed their obligation ratio to almost 9 years. This is approaching dangerous territory. However, this is subject to change if earnings come back. + +2. Disney is losing HUGE amounts of money everyday. + +They are losing about 500 million every two weeks from their parks, and they are losing 10s of millions of dollars per day maintaining their cruise lines that are sitting in dry dock. Neither of these figures include lost revenue in all of their different film and television ventures, like ESPN, and Marvel Films that were in production. They are being attacked on every front of their business. Their only venture that is not actively losing money is their subscription streaming service Disney+, however they are not yet profitable because it is a recent venture. + +3. Disney’s future is not in their own hands. + +Disney needs the re-opening of the parks, the allowing of cruise travel, and the ability to group many people together to make movies, television shows, and film sports (for ESPN revenue). This is not up to anyone at Disney. This is in the hands of the US and other governments, which doesn’t seem to be looking optimistic. Bottom line- Disney needs a vaccine, or a radical change in government policy to get their business back to its former glory. + +4. Consumer behavior is a big factor + +While more a matter of opinion and speculation than fact (which should mostly be avoided in this line of work I know), my company is under the impression that consumer fear will cripple Disney’s earnings even when they can come back in full force. While this would not be a big issue normally, a company that is taking on big debt.... will also have big debt payments shortly around the corner. If earnings don’t return in a big way, that’s a big problem. + +5. New Normal + +Disney will someday return to normal, but what that will look like is up to a variety of factors. Like how long the coronavirus world lasts, consumer behavior, which aspects of their industry can return to normal faster etc. As I said earlier speculation is not something we like to usually dabble in, and if we’re having to use a lot of it to prove our way into an investment we’re no longer doing our job as value investors. + +6. We are investors who want to maximize return, nothing else. + +Disney is a feel good company, and has been a blue chip for decades. But, the bottom line is that there can be no attachment to a company. Investing our money in a security has one purpose... maximizing return... PERIOD. If we feel that the money tied up in an investment can be allocated elsewhere and make more money we make the move. + +In conclusion, our thought process is this. Disney’s current situation makes the company no longer predictable, consistent, and easy to understand. It’s a mess, with a tidal wave of uncertainty surrounding it. Why ride the storm? When so many companies have performed well throughout this once in a lifetime economic situation. We know Disney will come back one day, and when that day comes, we will look at it again. + +On the debate side, I know there is a lot of approximations on the figures. Please feel free to fact check everything. Also, feel free to attack any argument I have made! + +ADDITIONAL IMPORTANT EDIT: Our entry point in Disney is key point as well. We bought in to both Disney positions somewhere in the low $90 range. If we owned Disney since 2009 for example, at a considerably lower cost, our lens may have been different. + +TL;DR: Disney has one too many holes in its armor. Allocating our money elsewhere seems to be a safer, and more profitable move. We understand Disney will return one day, but it’s not a good investment for us now. Now debate me :) +Hey everyone. Here’s a list of popular tickers with higher IV and most likely more expensive premiums to sell. + + +Ticker | Market Cap | Stock Price | IV (%) | Next Earnings Date +:--|:--:|:--:|:--:|:--: +MARA - Marathon Patent Group Inc|591M|$9.05|201%|N/A +RIOT - Riot Blockchain Inc|677M|$9.88|188%|N/A +AMC - AMC Entertainment Holdings Inc - Class A|303M|$2.80|168%|N/A +BLNK - Blink Charging Co|1.17B|$36.13|142%|N/A +DGLY - Digital Ally Inc.|70.5M|$2.61|142%|N/A +SRNE - Sorrento Therapeutics Inc|1.93B|$7.30|139%|N/A +FUBO - fuboTV Inc|2.65B|$39.66|138%|N/A +TEVA - Teva- Pharmaceutical Industries Ltd. - ADR|10.9B|$10.00|137%|N/A +LAZR - Luminar Technologies Inc - Class A|1.1B|$26.32|131%|N/A +SBE - Switchback Energy Acquisition Corp - Class A|1.13B|$35.41|125%|N/A +JMIA - Jumia Technologies Ag - ADR|0|$42.34|122%|N/A +CRSR - Corsair Gaming Inc|3.56B|$38.36|121%|N/A +TLRY - Tilray Inc - Class 2|1.19B|$8.88|121%|N/A +QS - QuantumScape Corp - Class A|1.7B|$72.07|118%|N/A +CODX - Co-Diagnostics Inc|312M|$10.98|116%|N/A +AI - C3.ai Inc - Class A|0|$135.08|116%|N/A +HYLN - Hyliion Holdings Corporation - Class A|2.69B|$17.68|116%|N/A +ACB - Aurora Cannabis Inc|1.36B|$9.44|115%|N/A +NKLA - Nikola Corporation|6.55B|$16.87|111%|N/A +APXT - Apex Technology Acquisition Corp - Class A|513M|$14.21|111%|N/A +NIO - NIO Inc - ADR|47.9B|$46.63|108%|N/A +GSX - Gsx Techedu Inc - ADR|0|$59.97|107%|N/A +ABNB - Airbnb Inc - Class A|95B|$155.16|106%|N/A +GME - Gamestop Corporation - Class A|1.09B|$15.64|106%|N/A +APHA - Aphria Inc|2.28B|$7.63|104%|N/A +WKHS - Workhorse Group Inc|2.54B|$21.00|104%|N/A +MRNA - Moderna Inc|55.6B|$140.42|103%|N/A +OSTK - Overstock.com Inc|2.68B|$62.62|101%|N/A +RIG - Transocean Ltd|1.53B|$2.47|97%|N/A +PLTR - Palantir Technologies Inc - Class A|38.2B|$26.09|97%|N/A +APPS - Digital Turbine Inc|5.09B|$57.09|97%|N/A +CNK - Cinemark Holdings Inc|1.92B|$16.14|96%|N/A +U - Unity Software Inc|42.7B|$156.18|94%|N/A +DASH - DoorDash Inc - Class A|0|$164.01|94%|N/A +XPEV - XPeng Inc - ADR|0|$46.67|93%|N/A +PLUG - Plug Power Inc|13.1B|$31.98|92%|N/A +GRWG - GrowGeneration Corp|1.42B|$38.35|89%|N/A +SPCE - Virgin Galactic Holdings Inc - Class A|5.59B|$24.09|88%|N/A +BBBY - Bed, Bath & Beyond Inc.|2.36B|$18.80|84%|N/A +COTY - Coty Inc - Class A|5.35B|$6.97|83%|N/A +HOME - At Home Group Inc|1.03B|$15.85|82%|N/A +PSTH - Pershing Square Tontine Holdings Ltd - Class A|5B|$25.04|81%|N/A +FSLY - Fastly Inc - Class A|10.4B|$102.53|79%|N/A +FROG - JFrog Ltd|6.28B|$68.76|79%|N/A +SNOW - Snowflake Inc - Class A|17B|$331.33|78%|N/A +CRON - Cronos Group Inc|2.77B|$7.76|78%|N/A +AAL - American Airlines Group Inc|10B|$16.32|77%|N/A +SAVE - Spirit Airlines Inc|2.53B|$25.86|75%|N/A +GLUU - Glu Mobile Inc|1.65B|$9.57|75%|N/A +PENN - Penn National Gaming, Inc.|14.3B|$92.05|74%|N/A +CCL - Carnival Corp. (Paired Stock)|23.7B|$21.27|74%|N/A +FVRR - Fiverr International Ltd|6.74B|$208.52|74%|N/A +ENPH - Enphase Energy Inc|20.8B|$163.89|74%|N/A +NCLH - Norwegian Cruise Line Holdings Ltd|5.41B|$25.13|73%|N/A +CRSP - CRISPR Therapeutics AG|10.6B|$147.98|71%|N/A +FEYE - FireEye Inc|4.38B|$18.96|71%|N/A +UPWK - Upwork Inc|4.91B|$39.64|70%|N/A +HUYA - HUYA Inc - ADR|364M|$20.95|70%|N/A +DKNG - DraftKings Inc - Class A|21.1B|$53.09|70%|N/A +SEDG - Solaredge Technologies Inc|16.1B|$313.98|70%|N/A +PRPL - Purple Innovation Inc - Class A|1.71B|$27.75|70%|N/A +OXY - Occidental Petroleum Corp.|17.3B|$18.62|69%|N/A +NET - Cloudflare Inc - Class A|25.8B|$83.60|69%|N/A +X - United States Steel Corp.|3.72B|$16.82|68%|N/A +M - Macy`s Inc|3.24B|$10.43|66%|N/A +RKT - Rocket Companies Inc Class A|2.51B|$21.45|66%|N/A +LL - Lumber Liquidators Holdings Inc|953M|$32.53|65%|N/A +CGC - Canopy Growth Corporation|9.67B|$25.93|65%|N/A +IQ - iQIYI Inc - ADR|12.6B|$17.12|64%|N/A +EAT - Brinker International, Inc.|2.5B|$55.05|64%|N/A +SFIX - Stitch Fix Inc - Class A|4.4B|$69.55|63%|N/A +PTON - Peloton Interactive Inc - Class A|35.8B|$138.43|63%|N/A +UAL - United Airlines Holdings Inc|13.1B|$44.73|61%|N/A +INTC - Intel Corp.|195B|$47.58|61%|N/A +W - Wayfair Inc - Class A|20.2B|$277.49|60%|N/A +RCL - Royal Caribbean Group|16.2B|$72.34|60%|N/A +CVNA - Carvana Co. - Class A|12.5B|$264.39|60%|N/A +CZR - Caesars Entertainment Inc|12.7B|$75.30|59%|N/A +CHWY - Chewy Inc - Class A|39.9B|$99.94|59%|N/A +ROKU - Roku Inc - Class A|37.2B|$337.36|57%|N/A +PINS - Pinterest Inc - Class A|43.5B|$70.38|56%|N/A +GPS - Gap, Inc.|7.56B|$20.16|56%|N/A +DDOG - Datadog Inc - Class A|22.4B|$108.09|56%|N/A +CHGG - Chegg Inc|11.3B|$87.30|56%|N/A +VALE - Vale S.A. - ADR|91.8B|$17.39|55%|N/A +HAL - Halliburton Co.|17.4B|$19.62|55%|N/A +BIG - Big Lots Inc|1.66B|$44.40|55%|N/A +BYND - Beyond Meat Inc|9.06B|$142.70|55%|N/A +CRWD - Crowdstrike Holdings Inc - Class A|38.4B|$203.70|55%|N/A +LYFT - Lyft Inc Cls A|15.4B|$49.93|54%|N/A +TAN - Invesco Capital Management LLC - Invesco Solar ETF|3.17B|$95.77|54%|N/A +ETSY - Etsy Inc|24B|$189.86|54%|N/A +CLDR - Cloudera Inc|3.97B|$12.64|54%|N/A +DISH - Dish Network Corp - Class A|16.1B|$30.50|54%|N/A +ZM - Zoom Video Communications Inc - Class A|116B|$401.42|53%|N/A +TSLA - Tesla Inc|626B|$635.62|53%|N/A +DAL - Delta Air Lines, Inc.|25.9B|$40.52|53%|N/A +CREE - Cree, Inc.|10.8B|$97.60|52%|N/A +SNAP - Snap Inc - Class A|65.4B|$52.95|52%|N/A +LB - L Brands Inc|10.7B|$38.40|52%|N/A +ZS - Zscaler Inc|26.3B|$195.10|52%|N/A +YETI - YETI Holdings Inc|6.3B|$71.85|51%|N/A +Z - Zillow Group Inc - Class C|30.9B|$137.14|51%|N/A +BIDU - Baidu Inc - ADR|67.2B|$193.04|51%|N/A +TWLO - Twilio Inc Class A|51.2B|$361.23|50%|N/A +SQ - Square Inc - Class A|100B|$234.45|50%|N/A +SE - Sea Ltd - ADR|87.4B|$199.39|50%|N/A +DOCU - DocuSign Inc|45.1B|$240.49|50%|N/A +TDOC - Teladoc Health Inc|28.4B|$194.21|50%|N/A +I don't know how many of you are old enough to remember the Tech Bubble or The Great Recession, but I have been alive long enough to remember all of the major market corrections going back to 1973-74. My contention is that this time is truly different. Hear me out. + +During 2001-2003, while the overall equity markets were down each of the three years, there was still money to be made in commodities, fixed income, and precious metals. + +In 2008, which is the worst market of all our lifetimes, one could make money in alternatives, fixed income (especially taxable income), and healthcare. + +Even in 1973-74, there was money to be made in T-Bills, T-Bonds, and real estate. + +This year has been different. There is money to be made in commodities especially with energy. The only other sector that has been profitable is agriculture. What seems to make this different, is that the more traditional hedges against down markets such as fixed income and precious metals have been losers too. The last time we had a market that was down over -20% and the treasury bond index was negative was in 1931. It appears we are in new territory for many of us, including professionals. This is function of rising interest rates from historical lows and an uncertain future for the global economy. Based on inflationary numbers, every country on this planet is feeling it. + +Hang in there folks. I won't say prepare for impact, but do prepare for a continued bumpy ride. +As a 33yr old millennial farmer this isn’t the first time I’ve heard this phrase. Talk is cheap it takes money to buy a farm/whiskey is an old American saying. + +My thought is RC is referring to him not revealing the plan. Being quiet while he puts all the bricks into place behind the scenes. It would be easy to come out and make big promises like a politician. But it takes money planning and pieces coming together before you can buy the farm or afford the whiskey… we know gme has the money. We just need the last bricks to be laid. + +this is RC telling us to trust the process he and his team are working hard behind the scenes… +Notebook: [redacted as of May 15th 2021] + +First, I used **every** possible company financial (there are 72, like "Net Income" and "Total Assets", etc.) and the accuracy was **ridiculously** low. So I trimmed down the feature set and tested 2-3 features that I thought would be important in predicting stock price. Still very unaccurate but much closer to what I wanted. + +I started an investing club with my family, and I had them test different features to see if they could get a good accuracy. We never reached an accuracy that was good enough to trade on. + +Feel free to clone the project and test features (company financials) on your own. + + +**Edit 2:** Changed y from open price to market cap, as requested. +Anyone else surprised by stealth fat fire careers/lifestyles? Wife and I have been working tech at FAANG for more than a decade now and the compensation has been more than comfortable but that’s basically publicly known. + +Last week, we met up with an old friend of mine who entered the Air Force Academy (I had no idea this was even a college) when we were young. Well him and his wife just recently retired from the military in their 40s with a combined pension of ~100k w/ all the benefits and I know for a fact that they have retirement and property investments. Both just got hired and knowing the company’s pay structure they’re likely bringing in 300k + on top of their pension! + +I was shocked and had no idea this ‘other’ world existed. Maybe it’s just me since my immigrant parents drilled down finance, medicine etc as the path to fatfire. +The term "DRIP" gets used all the time synonymously with what is truly meant as simply "Dividend Reinvesting". If you didn't know that those two things are different, feel free to continue reading. + +Look, none of this matters at all, but I figured some folks may be interested to know what they are saying. + +DRIP, most commonly means "Dividend Reinvestment Plan" which is done directly through a company, not clicking a button on your brokerage. These are not as common nowadays with low to no cost trade fees. Back in the day, it used to cost a lot of money in commission fees to buy shares, so companies would provide incentives to people to buy directly through them such as discounted share prices, lower commission fees, and ability to buy fractional shares with the dividends. + +There are still companies that offer this stuff, but now we can just choose the option in our brokerage to "Reinvest Dividends" and it happens automatically and you don't have to buy directly through the company to do it. + +Just throwing that out there for anyone interested because.....now you know, and knowing is half the battle....GEEEE EYEEE JOEEEEEEE! +Ok so I am looking to make my first project and yes I’ve read the wiki and done my own research however I want to get real opinions. I am pretty ok in python and have been investing for a while now. I am looking to build an algo from the ground up. Is there a “best” book that will help me do it all? I am thinking a) Algorithmic Trading by Ernest Chan or Systematic Trading by Robert Carver... is there a clear “winner” between the 2- or even a better book? Thanks. Please don’t bash. I’ve done research I just am hesitant to pull the trigger on a a textbook if I’m not even confident it’s the right one.. +I find that a lot of my friends and family don’t really understand day trading. They always think it’s just gambling or luck. Or if I’m making consistent profit some might think its because it’s a bull market. How do you guys deal with constant doubt you hear from others? + +Edit: thank you everyone for the helpful comment :) +So this is my understanding, let's say hypothetically I put 20% down on a 265k house (my area is low COL/San Antonio). Boom, 52k out of my pocket. Now from my understanding the REAL value in real estate is having the renter pay off my mortgage (so paying for the cash in full and renting it out isn't the move from what I understand). + +So assuming I can get a near 3% interest rate, I am looking at about 1417 a month in expenses between: + +Insurance and property taxes (fairly high in Texas) + +The market here seems a bit odd in terms of how much I CAN rent out this house for but let's say conservatively I find a renter for 2k a month. I net nearly 600$ monthly. That comes out to around 7200 a year; of which, I should set aside 1% for repairs, which nets me 4550 in profit annually. + +Factor in appreciation of the home at 3% annually and that's another 7950$ in profit (unrealized gain/not paid out like a dividend). + +My only mental blocks here are trying to see the forest for the trees. Essentially, in my head I am taking on a liability or rather, an obligation, of owing the bank 1400$ a month, which causes me anxiety to think I am in debt/have to fulfill that obligation. That said, I do not know how hard it is to get a tenant, how often repairs (especially expensive ones occur), and how to "pad" this burden from suffocating me. + +Edit: Also, is the profit/benefit of real estate only apparent like 20 years later? I ask because it seems like a difficult asset to liquidate assuming much of the profit is in the holding of said property itself. + +**TLDR; I have limited knowledge and struggle to understand if it is worth it to do real estate when factoring risk/obligation to reward/profit margin and would appreciate clarification.** +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? +A lot of you are talking about retirement, luxury, and some good ‘ol R&R. Stop. + +There’s a lot of work to be done post MOASS. I’m talking massive government reforms through *organized committees*\*, charity management, and even volunteer work if you still have free time. + +\***Edit**: I don't necessarily mean that we *collectively* form a committee. Rather, we *individually* form committees that tackle different problems within our country's government/infrastructure. A complete free for all aimed at creating a better world for our children. + +We are about to experience the greatest peaceful wealth redistribution in history. But we cannot simply become “them” + +You know who I’m talking about. The greedy bankers and wall street executives that spit in our faces then stole all our money. We cannot follow their path. Our newfound wealth must be used to create opportunities and improve the world as we know it. + +Climate change will be my personal top priority. I strongly suggest we all take a moment to think about our post MOASS goals. + +We must stick to our values and never forget how it felt to be the little guy. + +We must free all apes held in captivity. + +Finally, perhaps most importantly, + +Ooh ooh ahh ahh. +since joining this subreddit i have been contacted numerous times by accounts with no or very low karma about debt consolidation and other scammy services through the reddit chat and direct messages. + +**please exercise caution and report these scammy users.** +Last week I appreciated a lot of educated comments on oil & gas forecasts (see [post](https://www.reddit.com/r/CanadianInvestor/comments/uz4afx/your_forecast_on_energy_stocks/)). Quite a few people were of the opinion that "oil will definitely not drop back to $80, let alone $50." + +This got me thinking, let's pretend we're in May 2023, and oil is now $60/barrel and falling. What would be your "see I told you so" reason? (The Russian invasion ends? China demand collapses? Worldwide recession?) + +I remember back in 2013, oil price was high and everybody said oil will stay above $100 forever; then during the oil downturn and layoffs, many felt oil is dead and it won't recover...it's natural to go with today's sentiment and miss the big picture. + +Serious replies only, thank you! +Hello everyone + +My broker Degiro lets me use Margin with an 1.25% interest. + +I am now investing 3000$/month into VWCE (FTSE All World ETF). I would like to add SPDR MSCI World small cap to my portfolio and use margin to do that. + +I was thinking of using margin worth 20% of my portfolio value. This means for every 3000$/month i will be taking 600$ margin and investing it into SPDR small cap ETF. + +That would be 3600$ invested into ETF. If the stock market would crash 50% i would be sitting on 1800$ wort of ETF of which 600$ is margin. Thats would be 33% of my portfolio which would mean that theres plenty of room before i could get margin called by my broker. + +Assuming an annual return of more than 1.25% i would be profiting doing this. Right? + +I would really appreciate any input on this idea. +New to the game and didn't invest this before but better late than never. Using Robinhood, I'm looking to drop most into ETFs and be relatively risky (as much as one can be with ETFs), specifically growth oriented: + +VGT- 25%, IETC - 25%, IGV - 15%, VUG - 25% + +The rest 10% in misc stocks like BABA, NVDA, GOOG, AMZN. I know some of my ETFs already have these stocks, but not sure where else to park these. + +I won't need these funds for the next 5-7 years at least (if ever), so what's a good growth strategy for this? Am I better off going with Wealthfront or something and have it auto-managed? +title. + +DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS +title. + +DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS +Throwaway account here to: share my story, whine, kick myself for the lost decade plus and the huge amount of wealth that missing out on this recent market rally (and all my other decisions) have cost me, repent/soul cleanse, humble brag, express genuine gratitude, reboot my thankfulness, and solicit some conversation and learning and ideas and inspiration so me and others can learn from this. + +TLDR I am mid 30s I make good money but acted and spent money like an ASSHOLE for more than a decade from age 22 on, but am happy to be FINALLY be getting my shit together. + +At present, I am debt free as of just a few wks ago (after having piled up to $200k plus of the stuff over a decade or so) and loving it. Stable good job at ~$150k or so base and ~$200k+ bonus and now starting to lock into longer term partnership benefits in the firm. Living in a medium/high COL city. Also struggled w weight (ever since my Freshman 15 and which grew into a Fabulous 50+) and am now back down to my 2013 weight and aiming to get to my 2005 weight (which is 2003 plus some muscle). + +Just a lot going on and it’s nice to write it out because I can’t really share it with many people in my life. I dunno, whatever Reddit, read it if you want and deal with it 😎. I appreciate you guys. I have acted like an asshole in many ways and done a number on myself but I know deep down I love myself and deserve great things, which everything else is just a reflection of. + +So: + +Started working in mid 2000’s at $60k base plus $60k bonus or so (investment banking). Very blessed. After three years of it I climbed to $80k and made a $100k bonus. Took a few years off to attend grad school and travel the world, at huge expense, blew $100k of savings AND gathered $150k+ of student loan debt and was also unemployed for some time, not helping matters. Will leave you to do the math if what forgoing that income and piling on those expenses would compound to but I’d say it was easily $400k post tax swing and missed investing that into the 2010-present bull market run. I still cringe at the sheer volume of that loss - but then I did really, really enjoy my late 20s like few middle class suburban kids probably ever have, and frankly would have made the same choice 10/10 times so I own it. + +Despite getting eventually re-employed and paid very well I continued to hold my student debt for nearly a decade and consistently racked up credit card debt in the tens of thousands. Attempted to clean things up with some Upstart/Prosper type loans to consolidate debt and just ended up adding $40k+ of that kind of shit paying ~8%. Credit rating was below 660 at the bottom. In my desperation I also raided anything I had put in my 401k, my Roth’s (from the few yrs I was eligible), and a variable life insurance policy (all were half hearted attempts at being financially “responsible”). Needless to say the value of a dollar and how to manage a budget was ENTIRELY fucking lost on me. Ironically I double majored in finance and accounting (with honors) at my university. + +Have lived my entire life blowing every dollar I make in a life of unhealthy excess beyond my means. Alcohol, food, women (let’s just say the “expensive” type that will spend “time” with you), travel, Amazon, golf, electronics, audio equipment/vinyl records, watches...you get the idea. Highly addictive personality with big impulse purchasing habits. I have avoided ever doing cocaine for this very reason and thankfully don’t really have a “car thing” or I may be totally ruined. + +Flash forward to a few years ago there is a catastrophic event in my life that threatens my livelihood and career. + +Will not go into detail but I essentially I luck out, #blessed (genuinely) and this thing appears to be going nowhere. So I have a second lease on life. + +Today: +I have paid off all student loans and credit cards (these totaled over $250k) +Credit rating is above 800 +Just surpassed $100k in my 401k +Car is nice but fully paid off (pre-2010 Audi) +Cut hundreds / thousands out of my budget via debt reduction (P&I) and canceling so many fucking subscriptions I didn’t even know I had +Stable job that pays $150k base plus $200k bonus (last year) and now starting to get profit sharing that will build with time. +Quit smoking 10 plus yrs ago. + +There is still a lot I am figuring out, but wanted to share one asshole’s story of recovery and self love. It’s a really exciting time and I wanted to share. Sorry if any of this comes off as douchey. I’m a nice guy but there’s a lot of this that will just sound douchey to some no matter how you couch it. + +Questions for discussion: + +1) For people who have struggled with similar paths - how did you re-establish / learn the value of a dollar? For now I am using cash exclusively for the near term (at least the next few mos), to enjoy my new (for now) debt free life (I do understand the benefits of good debt eg mortgages and investment property) and also make sure I can stick to a budget sustainably. + +2) What do you think are the best “catchup” moves for someone my age / situation- I’m not eligible for Roth’s and some other catchup options. Some catchup options feel like cruel jokes (can’t do them until you are 50 and it is way too late). + +3) related to 2 - I currently go 1) 401k up to employer matching amount, 2) savings (rebuilding 6 mos of living expenses), 3) Fidelity S&P500 index fund. Should I consider other vehicles eg variable life plan / other tax advantages thing or just keep pumping Fidelity? (Giggity) + +4) currently renting a pretty nice apartment at $3500 a month - considering downsizing (may be leaving my SO but that’s for another thread) - curious about buying a duplex and living in half of it - if you have good relevant thread link on pros and cons let me know + +5) any other good tips or resources you recommend + +6) topic for discussion - would eliminating the 401k and Roth contribution limit for anyone under $x million of net worth promote social mobility? Obviously a massive oversimplification but I feel like these limits are in place just to keep normal people down. + +Thanks for listening and also for any advice you share. + +~The Original Poster +Basically what it says in the title. I have (had?) an account with Independent Bank, and it was sitting at a $0 balance for a few days. Yesterday, my paycheck and a separate larger direct deposit showed as present in my account, but I just went to the bank and they said they had closed the account for inactivity. They said they had returned my balance, but the girl on the counter couldn't be more specific than that, because "that department doesn't work weekends." I'm at a loss what to do. I have bills, and I'm supposed to go on vacation Tuesday. Anyone have any advice? +My brother and I were recently looking into real estate but it all seems too good to be true. Housing has become a major problem in our area and the influx of college students is exponentially increasing. We want to capitalize on this. + +One of the apartment complexes we were looking at generated $1000 monthly revenue from rent, but the mortgage was only $700 a month? Why would anyone be willing to sell this apartment complex if they are already making more money then they are shelling out? + +Shit just doesn’t add up, any explanation would be helpful! +As a 33yr old millennial farmer this isn’t the first time I’ve heard this phrase. Talk is cheap it takes money to buy a farm/whiskey is an old American saying. + +My thought is RC is referring to him not revealing the plan. Being quiet while he puts all the bricks into place behind the scenes. It would be easy to come out and make big promises like a politician. But it takes money planning and pieces coming together before you can buy the farm or afford the whiskey… we know gme has the money. We just need the last bricks to be laid. + +this is RC telling us to trust the process he and his team are working hard behind the scenes… +Last week [I tweeted](https://twitter.com/dlauer/status/1459223744396902408) about how I had lost sleep due to frustration and anger at the current self-regulatory structure in markets. While this is kind of silly and a bit absurd (though it did happen!), I think it’s worth examining and explaining how the incentives for a self-regulatory, for-profit company lead to extreme complexity and subsidization in US markets. It’s easy to say “self-regulatory BAD!” but harder to understand the web of complexity that such perverse structures create. + +This is a long post. By the end, I hope you understand what the self-regulatory structure is, why it exists, why it creates perverse incentives, and how I think it should be fixed. I’ll do my best to explain the context of these archaic structure, why it leads to unnecessary complexity, and reduces competitive forces. Most importantly, throughout the piece think about how such perverse incentives leads to lax enforcement and wrist slaps, and a cozy relationship with the industry being regulated. + +https://preview.redd.it/w5f3g6b4td081.jpg?width=1181&format=pjpg&auto=webp&s=598b64b5d53f914e8d9e5973d77409b43cc63691 + +The financial services industry is the only industry in America (that I am aware of) in which for-profit, publicly traded firms are “self-regulatory.” What does “self-regulatory” mean and where did it come from? The structure came about from the member-owned stock exchanges that existed prior to 1934. In 1934 these exchanges were brought into partnership with federal regulators in the Exchange Act of 1934. This actually made a lot of sense. There was nobody better positioned to monitor and enforce the rules of a stock exchange (where trading happened in a physical location, on the floor of the exchange) than the exchange itself. There were conflicts-of-interest, of course, but there were also practical considerations of what technology and communication systems looked like in the early 1900s. + +So what does “self-regulatory” mean? Now of course, I’m no lawyer, so take everything I say with that in mind. Essentially the self-regulatory structure gives the regulation arm of the exchange quasi-governmental powers (it’s been explained to me that this structure means the exchange is supposed to act as an extension of the SEC) – and gives the exchange itself immunity from prosecution when carrying out regulatory functions. It basically means that US exchanges set the rules for trading in US markets, and for interacting with their business, are then in charge of enforcing those rules and have no legal liability in the operation of that business. Those rules include things like fee structure, order types, matching priority model, co-location and data feed costs, and many other things. + +That means each for-profit exchange is setting its own rules, and responsible for enforcing those rules. Each exchange is responsible for monitoring its own market for manipulation (called “market surveillance”). In reality, the responsibility for market surveillance is outsourced to FINRA. FINRA is another SRO – they are not a for-profit exchange, but they are responsible for setting the rules and policing broker/dealers. You may have heard of some of the other SROs – the DTCC, the OCC, the NSCC and others listed [here](https://www.sec.gov/rules/sro.shtml). + +FINRA, DTCC, OCC and NSCC are not for-profit, of course, but they are deeply conflicted. They operate on the fees generated by their members, who they police and regulate; stock exchanges do too – their best customers are high-speed speculators (aka HFT), who submit 95% of all orders, and are a party to \~90% of all trades. These speculators also pay for expensive, proprietary data feeds, high-speed connections and cross-connects, and other exchange services. SROs are supposed to police these customers, and are charged with ensuring that their best customers follow the rules. + +*Gee Dave, that sounds like a conflict-of-interest! At least it’s not for anything important, like the foundation of the US economy, right?* + +It is generally the SROs that have made breaking the rules a cost of doing business (naturally following the lead of the SEC, of course). While they don’t have the authority to press criminal charges (again, not a lawyer) they could easily make referrals and work with the DOJ, who does have that authority. Instead, nearly all of Wall St has decided that breaking the rules is nearly always only worth a fine, very rarely an industry ban, and practically never a perp walk and prison. + +Just like nobody lost their banking license for fraud following the Great Financial Crisis, can you remember a time when a major broker/dealer had their license revoked? Robinhood has been fined well over $100M by FINRA and the SEC for lying to their customers, failing to provide best execution, and underinvesting in compliance, technology and any system for protecting their customers. For some reason, none of this was enough to lose their license to operate. Those guys are laughing all the way to the bank. Fine after fine is charged to every broker on Wall St, paid by the shareholders, and everyone keeps collecting their bonuses. + +**First SRO Problem: Reluctance to exact severe consequences because the fees being collected from the perps are paying for SRO operations and bonuses.** + +However, there’s another side to all of this. Let’s take a concrete example to start. In 2014, BATS and DirectEdge merged. Together, they represented approximately 20% of trading in the US. Each of them operated 2 copycat exchanges – a maker/taker exchange (BZX and EDGX) and an inverted exchange (BYX and EDGA). In any other industry, such a merger would result in the consolidation of these exchanges so that the resulting company would only operate 2 exchanges. But that didn’t happen here. They continued to run 4 exchanges and do to this day. Why would they do that when it costs way more to run 4 exchanges rather than 2? The answer is actually quite simple and obvious – money. To understand why, we have to take a quick step back, and reference another law. + +The 1975 Amendments to the 1934 Exchange Act established the need (and gave the SEC the authority) to create the Securities Information Processor (SIP). It was groundbreaking at the time. The SIP is the “ticker” – a record of quotes and trades on all national securities exchanges. Ultimately the SEC did NOT create such a system though, it delegated the authority to the exchanges. The exchanges created the NMS Committees, which are responsible for managing the SIP and setting fees. From last year’s SEC press release announcing changes to the SIP: + +https://preview.redd.it/ogeb0j85td081.png?width=592&format=png&auto=webp&s=fd62674756f4589cb820dff14f814806c3fb969d + +**ALRIGHT ENOUGH HISTORY DAVE, WTF IS THE SIP??** + +Sorry, it’s hard to talk about this stuff without getting deep in the weeds. The SIP is generally referred to as the “public data feed” – at the moment (though this is changing), it provides top-of-book quotes across all US exchanges, calculates the NBBO and publishes it, communicates regulatory halts and other information, and publishes all trades both on- and off-exchange. + +**And guess what? You pay for it.** + +That’s right – you are paying for the SIP. Nearly every retail broker subscribes to the SIP, and generally speaking when you see the prices that a stock is being quoted at, or trading for, you’re seeing SIP data. This public data feed costs $4 per user, per month, for non-professional, display-only users – if you’re not a financial professional, and you’re only seeing the data with your eyes (rather than programming a trading system that will automatically look at the data), then you are a non-professional, display-only user. + +What are all of those user fees worth? Something on the order of > $300M per year. That money is collected by the operators of the SIP (NYSE and Nasdaq), and distributed according to a very complicated formula to each of the exchanges. On the whole, it gets divided up based on quoting and trading market share, and means that approximately $100M every year goes to CBOE, NYSE and Nasdaq (with much less going to the smaller exchanges). That’s why BATS/DirectEdge (and now CBOE, which acquired them in 2016) was incentivized to continue to operate 4 exchanges, because it meant that more of this public subsidy would go to them. Talk about perverse – it’s the exact opposite of what the 1934 Exchange Act was established to do: + +https://preview.redd.it/f0sm1w46td081.png?width=624&format=png&auto=webp&s=13ba794bbfc86b2ef53e51b7cf818a34f5d3c2db + +It gets even worse (No way Dave! How can it be worse than this??). Each exchange sells private data feeds that are faster and contain more information than the SIP. So the exchanges are incentivized to ensure that the SIP remains slow, and has less data, so they can make more money selling their private feeds. Pretty sweet gig if you can get it, right? + +Now, I’ve simplified the issue, of course. It gets even more complex with Reg NMS and order protection, which requires all exchanges to connect and route to one another, and brokers to manage that complexity as well. It means that CBOE gets double the revenue for private market data, and other connectivity fees, all of which ensures that CBOE earnings per share are robust and growing, and which accomplishes the opposite of the intention of the 1934 Act. + +**Second SRO Problem: SRO structure is a classic example of regulation and subsidy creating inefficient and costly complexity.** + +The BATS/DirectEdge example is only one of so many that highlight the unnecessary complexity at the heart of US markets. I’ve talked many times about the need for regulators to understand complex systems and systems theory, to understand evolving regulatory structures in that context, and to focus on simplifying markets rather than making them more complex. Unnecessary complexity leads to several problems: + +1. Opacity – it becomes very difficult to understand these complex systems. That leads to mistrust, and potentially loss of confidence. We are seeing that play out right now in the retail community, and for good reason. Nobody trusts Wall St. + +2. Fragility – unnecessary complexity can lead to fragility. For example, the segmentation in US markets that diverts retail order flow to the duopoly of Citadel and Virtu leaves exchanges as toxic cesspools that discourage market making. This both widens spreads and reduces market making diversity, leading to behavior that can result in illiquidity contagions (mini flash crashes). + +3. Rent Seeking and Concentration – unnecessary complexity incentivizes a select few firms to master the complexity. This puts them in a privileged position, and creates economies of scale where the more of the market they master and control, the more information they have that others don’t, and the more they’re able to master and control. They push SROs to create ever more complexity to maintain their incumbent position, and are able to extract rents as a result. The SROs listen to these firms because they are responsible for more and more trading activity, which means they are the SROs’ best customers. Instead of SROs following their duties under the 1934 Act, they act in the interests of their shareholders to maximize revenue. This cycle continues unabated. + +**Third SRO Problem: Unnecessary complexity makes markets opaque, fragile and leads to a feedback loop of rent seeking and concentration of power. The for-profit motive overrides the SRO’s duty to create fair and efficient markets.** + +I mentioned before that SROs have legal immunity. This means many things, but primarily it means that the brokers who are members of the exchange don’t have legal recourse when something goes wrong. It is for this reason that retail brokers who don’t accept PFOF still route to the off-exchange duopoly of Citadel and Virtu, because they want someone’s neck to wring when something goes wrong. The legal immunity that exchanges enjoy is one of the reasons that we have dramatically segmented markets. + +**Fourth SRO Problem: Legal immunity for for-profit, publicly traded companies leads to perverse incentives and terrible outcomes.** + +So what’s the result? A huge amount of unnecessary complexity, enforcement becoming a cost of doing business, and ultimately fragile markets with low participant diversity delivering poor outcomes for investors as the for-profit SROs focus on creating churn and volume to increase earnings per share. + +More complexity means more fragmentation. More fragmentation means more complex order types. More fragmentation and complex order types means more unnecessary trading and churn. More unnecessary trading and churn means more earnings for publicly traded SROs. Rinse and repeat. It ultimately means that we end up with so much complexity that it’s impossible to keep track of. Take a look at the results of this 2018 RBC study on exchange fee structure: + +https://preview.redd.it/0z1p8fy6td081.png?width=624&format=png&auto=webp&s=18227a270d99ff0b43abb75e03d139f017f6420b + +If someone can explain how this fee structure “promotes just and equitable principles of trade,” “protects investors and the public interest,” and is “not designed to permit unfair discrimination between customers, issuers, brokers or dealers” I’m all ears. Go ahead, give it a try! + +Now, let’s take this convoluted, inefficient structure, add in a regulatory revolving door, corrupt campaign contribution system and corrupt politicians, mix it all together, and out comes the US crony capitalist system. + +**GET OFF THE SOAP BOX DAVE, WHAT DO WE DO?** + +So glad you asked. I’ve been asked a bunch of times what I think should change about US market structure, what I would do if I was SEC Chair (imagine that), etc. My answer is nearly always the same – reduce complexity. When I say reduce complexity, this post is what I’m talking about: + +· End the self-regulatory structure. + +· Build a proper regulator (complete overhaul of the SEC) with experts who are compensated appropriately. + +· Prioritize handcuffs, not wrist slaps and fines. Make the industry fearful of regulatory and enforcement consequences. + +· Reduce the number of exchanges, end public subsidy through SIP fees, get rid of every copycat exchange. + +· Create a burden for off-exchange trading to compensate for the damage that segmenting and diverting flow does to the price discovery mechanism. + +· Simplify, Simplify, SIMPLIFY! + +**Tldr;** Wall St cannot regulate itself. It leads to unnecessary complexity, and lax enforcement and fines instead of perp walks. It’s time to overhaul the regulatory structure, send people to jail, and simplify market structure dramatically. + +&#x200B; + +https://preview.redd.it/5rgm40o7td081.jpg?width=1152&format=pjpg&auto=webp&s=95e8d98205461584c3f2dfb086d0494d3b8705a3 +I see a lot of lithium stocks being discussed these days so I was wondering how you guys find a good Lithium stock. I was going through some of the reports from AZL and no clue what those numbers mean and whether it is a good estimate or not. Thanks in advance. +Hey everybody, + +First post on r/ValueInvesting + +I’ve always been a huge admirer of Buffett and Munger, and a lot of the reason why I hold a substantial position in my portfolio of BRK is because of my respect for their investing philosophy. + +The issue is that I would not purchase any of the publicly traded companies that BRK owns myself — a few of the other opportunities in the market are much more attractive to me at the moment. + +When Buffett and Munger were younger they held 3-8 stocks at a time and built their fortunes concentrating their portfolios on a few of the best investment opportunities they could find. Due to the sheer size of BRK they have had to shift to buying and holding only very large companies. + +My question is: do you guys think it’s better to sell BRK and buy individual companies that I see as more attractively priced, or do you think it’s unwise to trust my own investing judgement over investing legends like Buffett and Munger? + + +Edit - Here is a short description of my existing investing experience and strategy: + +I love learning about companies and have been reading about five 10ks a week for the last 3 years. If I have a positive impression of a company I will put it on my list, read each quarterly filing (and update my calculation for intrinsic value), and wait for an event to cause the stock price to drop. If I don’t believe the root cause of the price drop will negatively impact future cash flows (or if the drop is disproportionate to the potential impact to cash flows) I will enter a position. +I'm seeing what look (to me) like far superior deals to those available to me in the U.S., but have no idea how to start buying. + +The government of Korea doesn't seem to have any problem with American buyers, but I don't know what my next steps are. Are any of you buying Korean equities as foreigners? How? +Free cash flows represent the generated cash which belongs to owners[1](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-1) of a company. To calculate it, we need to find the cash from operating activities and subtract capital spending. + +We use cash from operating activities because it is after expenses[2](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-2) have been subtracted from revenues. Then we subtract the capital expenditures because that represents cash leaving the business to fund growth investments - think buying property for a factory or new machinery. + +*Note for non-beginners: This article only explains basic FCF, which is a simplification of free cash flows to the firm (FCFF). If you are a beginner, this will be enough to help you understand the concept, but definitely not enough for investing in stocks.* + +### Calculation + +We can calculate free cash flows as: Cash from operating activities - Capital Expenditures. + +FCF = CFO - CapEx + +Example of Computing Free Cash Flows from Verizon’s (NYSE:VZ) 2Q 2022 [Statement of Cash Flows](https://www.sec.gov/ix?doc=/Archives/edgar/data/732712/000073271222000043/vz-20220630.htm#i00d67274b0cc4403944f38098da35fab_13) + +From the above example, we compute FCF as: + +$ 17,665 +- $ 10,491 += $ 7,174 + +We use free cash flows to understand how much money is left for investors after most obligations have been met. This is similar to the amount of cash people are left with on their bank account after expenses. + +### Free Cash Flows vs. Profit + +Free cash flows are similar to profit[3](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-3) but attempt to approximate what a company gets in the bank, rather than what is considered as profit in the accountant’s book. + +### Practical Example + +In order to understand the difference between profit and FCF just think of what you bring to the bank vs. what you make from assets that are not cash. + +The most common non-cash items are D&A (depreciation & amortization) and SBC (stock based compensation). + +In calculating profit, you subtract D&A as an expense, but when looking at the cash flows, you add it back because no cash spending[4](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-4) actually happened. + +In the example of SBC, an employer may give workers company stock as part of their compensation. This is recorded as an expense, lowering your net profit. But since stocks are not cash, it gets added back to the cash flows, making them look bigger than profits. + +Edspira ([https://youtu.be/TAu8k6a3SPw](https://youtu.be/TAu8k6a3SPw)) has a great video on the differences between net income (profit) and cash from operating activities (What we use before subtracting CapEx). + +### Why is Free Cash Flow Important? + +FCF is important for investors. It is arguably a better measure of the company’s ability to produce cash. Ideally, profit and FCF should be the same number, but when they are not, lean towards trusting the cash flows. + +*Note: Executives have gotten more savvy at presenting the FCF output, and one should trust FCF numbers only if they truly understand them. Unfortunately, this article only explains the basics, which are not what finance professionals should use - ever.* + +References: + +[1](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-anchor-1) A.k.a. Investors, shareholders. + +[2](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-anchor-2) CFO = Net income + Non-cash items + change in working capital. + +[3](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-anchor-3) A.k.a. Earnings, net income, net profit. It is found in the income statement and represents what a company makes after all expenses are paid. + +[4](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how#footnote-anchor-4) This is known as accrual accounting and for the purpose of our article we can imagine it as what is written down in the accounting books, as opposed to what is being transacted. + +&#x200B; + +If you liked the article, drop by my blog: + +[https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how](https://thinkvalue.substack.com/p/what-are-free-cash-flows-and-how) +$ULTRA has been record breaking since launch and is FULLY RUGPROOF. + +As a fully rug-proof token, Ultrasafe has all liquidity locked for 79 years, contract ownership renounced, and an official audit completed by Solidity and Certik. We are officially SAFER THAN SAFEMOON.[https://www.certik.org/projects/ultrasafe](https://www.certik.org/projects/ultrasafe) + +&#x200B; + +[https://solidity.finance/audits/UltraSafe/](https://solidity.finance/audits/UltraSafe/) + +Our dev's are also DOXXED and have done two AMA's so far. + +[https://www.youtube.com/watch?v=FcyQYBk4wU4](https://www.youtube.com/watch?v=FcyQYBk4wU4) + +&#x200B; + +Ultrasafe's tokenomics allow for 4% of every transaction to be distributed to the liquidity pool and 4% to be reflected among holders. Whale wallets are also extremely small compared to any other token. + +&#x200B; + +This coin has only been out for two weeks and it's already achieved numerous things, including:- Listed on a Centralized Exchange (LBank)- Broken multiple world records on BSC and has already gained over 30k+ dedicated holders- Listed on Coingecko on day 1- 2 Audits which show that the coin is safer than even Safemoon- Devs doxxed themselves and showed faces during an AMA (unlike some of the coins promoted here that just rugged) + +Ultrasafe's growth has been record breaking and we're already on our first exchange. CMC listing should be any day now and more and more CEX listings to come. We're at 33,500 holders in two weeks time. The community is the single best part of this coin, the telegram has 10k members and usually 2-3k active at any given time, the voice chat is ALWAYS ACTIVE and extremely helpful and responsive. No other coin has dedicated holders and a strong thriving community than we do. + +&#x200B; + +The team has so far consistently delivered and we're already listed on one exchange. More to come, mass marketing in progress of being rolled out, NYC billboard, etc. + +Upcoming we have: + +Website v3 + +CMC Listing + +Huge tiktokers and other influencers this week, one of them this weekend. + +50k marketing campaign next week, most of which the dev is paying out of pocket + +LLC also be done next week allowing for more major CEX's + +staking dApp is done but needs more work + + Telegram: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) Website: [https://ultrasafe.finance/](https://ultrasafe.finance/) Twitter: [https://twitter.com/UltraSafeBSC](https://twitter.com/UltraSafeBSC) Pancake: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a) +DFV's [tweet](https://twitter.com/TheRoaringKitty/status/1382405013989961736) today is a scene from Lost, the TV series + +They couldn't open [the hatch](https://lostpedia.fandom.com/wiki/The_Hatch#Entry) except by blowing it open using dynamite. + +Where was this dynamite found? On a trading ship called the [Black Rock](https://lostpedia.fandom.com/wiki/Black_Rock). + +Are we about to blow open the hatch?! + +https://preview.redd.it/4bae8c2o57t61.png?width=806&format=png&auto=webp&s=1df6fa68273bda18e35ac369fe6026b6557766cb +Yesterday, I have posted two challenges on this subreddit: let's collectively predict the price of ETH in two moths and the price of ETH by January 1st, 2019 (https://www.reddit.com/r/ethtrader/comments/7wrzfh/challenge_lets_collectively_predict_the_eth_price/). The response was amazing and I had a crazy amount of work to manually input all of your responses into an excel table, but it was worth it - here are the results - the average and median prices of all the responses until Feb. 12th, 19:20 GMT. + +In rare cases when response was a range, I inputted the average of the both numbers. I have discarded 4 of the highest predictions that were clearly not serious predictions and only intended to manipulate the average number. + +&nbsp; + +We got **562 predictions for April** 11th and **676 predictions for January** 1st. + +Here are the results: + +* April average: 1403.52 USD + +* April median: 1300 USD + +* January average: 4688.69 USD + +* January median: 3500 USD + +&nbsp; + +Thank you everyone for your participation! This has had a truly amazing response. The question remains: is there some value in that kind of prediction? I believe there is - just look at the last year's results, that were amazingly accurate: https://www.reddit.com/r/ethtrader/comments/6etpqm/challenge_lets_collectively_predict_the_eth_price/ +The value of such group predictions is also described in the book "The Wisdom of Crowds" by James Surowiecki (https://en.wikipedia.org/wiki/The_Wisdom_of_Crowds). The value of this survey - this remains to be seen. I will be posting another post in April 12th to remind you of the results, so we can compare the numbers to the actual values. + +I was at the phone with one of the representatives just now. I have asked him ii could transfer or register shares via computershare. Of course he said no but also he said if enough people will request it, this can me done. +To my little understanding he was a little nervous about gme, not "understanding" at first. For me they know very well what's happening and are afraid af. +So call/write to etoro and let's push them for a share transfer + +Edit 1: some apes pointed out that their only proof of holding your shares is the link to your portfolio. But there is more. Someone asked if the buying shares on etoro affects its price. For this question nobody answered or avoided the question... for me this is ridiculous. I will write to the regulatory body of my country to dig deeper + +Edit 2: https://www.reddit.com/r/Superstonk/comments/q8lhnh/i_think_ive_pushed_etoro_so_hard_for_answers_they/?utm_medium=android_app&utm_source=share + +This guy had a similar call and had some ingeresting conclusion, check him out + +Edit 3: +https://www.reddit.com/r/Superstonk/comments/q8rvdj/urgent_get_out_etoro_they_hold_nothing_but_air/?utm_medium=android_app&utm_source=share + +This is a chat where they cannot prove share ownership... no fomo guys, no urgency but keep this in mind and do what is the best for you + +Edit 4: +https://www.reddit.com/r/Superstonk/comments/q8n0xw/morning_etoros_apes_looks_like_fosuk_is_the_way/?utm_medium=android_app&utm_source=share + +Somebody send them this email saying that he/she will do a complain to a regulatory body if etoro wont allow dsr +First time posting anywhere on Reddit so I’m really nervous but really ready for any constructive criticism. I consistently ask myself what other financial decisions I can make (besides the good ol “save and try to limit spending” method). But I always have trouble getting started or when I do start planning I start to feel as if I’m not making the most effective decisions. I’m Currently 24, This year I will bring in 43k before taxes so I’m estimating roughly 35k ($2600 a month) after taxes . My monthly spending is: splitting rent with my GF=$800 ,some utilities= $ 100, cars monthly insurance plus monthly gas total=$370, miscellaneous spending (groceries, leisure, shopping= $300ish). + +Total monthly spending is roughly $1,600. So at the end of the month I have around $1,000 to save or invest. My assets include, 6k in various stocks (willing to make smart and big changes to my portfolio) , 7k in savings, 2k in checkings. + +Honestly I’ve seen and read a lot of post and I’m motivated to find out more about the best financial practices that have helped others. So if anybody is willing to share their financial planning and investment ideas I’m all ears 👂👂👂 +——————— + +Update: Wow I did not expect this much turn out..I’ve read every single comment and will continue to read every comment. What I’m reading is opening my eyes to the simple things that I’ve haven’t been taking advantage of and also showing me other thing that I can’t wait to take advantage of when I make a higher salary. Sidebar: I forgot to mention I’m a HR Assistant (2yrs in this field of work) so my salary will go up year to year or when I decide to take my talent to a better paying company. But the real goal of this post was to see how I can optimize with what I know I have( here and now) and not with what a figurative salary I plan to have years from now. But real talk thank you everybody and keep responding I’m pretty sure there tons of other young adults reading that want to start making great financial decision as well 👍👍 +The U.S. government has been in extreme levels of debt since WWII, if not earlier. And the proportion of debt to GDP generally trends downward with the occasional spike of sudden debt accumulation as seen here: + +[Federal Debt: Total Public Debt as Percent of Gross Domestic Product (GFDEGDQ188S) | FRED | St. Louis Fed (stlouisfed.org)](https://fred.stlouisfed.org/series/GFDEGDQ188S) + +I am under the impression that so long as the economy keeps growing, the US is able to repay any previously accumulated debt. And that this debt is effectively like getting a loan today so that the US may grow even faster. It seems like the debt is actually a net positive? + +But, has the US ever faced any consequences from its debt? What are the potential consequences? Is the government realistically in danger from facing consequences? Is there an upper limit to the debt kind of like a red line the government shouldn't cross? etc? +In the USA, we've had to bail out the airline industries and grant loans to small businesses. Many industries are getting adversely impacted due to this. However, it doesn't seem like Europe is getting impacted as much as the USA in terms of unemployment rate, bankruptcies, and their stock markets. + +Why is this? +I genuinely think allowing those sort of shitposts only serves to distract us from GME. It also does nothing but give the MSM and SHFs a way to manipulate us. If they know we'll lap up that sort of content, they'll give us that content and tweak it in a way to slowly break our morale. We know they're at it, we don't need to rant here about it. + +I've learnt shit tons from the DD here, and there's so many hilarious memes and shitposts I've seen about things that have been learnt in the DD. But seriously, it's getting a bit too much now, IDGAF about Pelosi. If I wanted to, there's another sub I'd go to. I really think we should keep this place focussed on GME. + +Edit: + +So it's clear there's a lot of folk that agree with me. And a lot of spammy comments disagreeing, and one or two more intellectual comments from apes. + +Here's a thought. If you're posting here, and you don't have any gme, and nor do you intend to buy any gme, then fuck off. I think that'd probably sort out our current problem - a lot of spammy, angry, capitalism hating bums using superstonk as their platform. + +To those suggesting I don't understand how it's all related - I've been here since we migrated from gme. I've learnt through the DD how intertwined it all is. I don't need your spammy shitposts, you do - take them elsewhere please! + +Edit 2: Basically, all you antiwork folk - I'm not against your cause, in fact I'm for it. But take your shit to other subs. We don't want it here. + + +I lost a ton of money today (not everything, I was diversified, and use cold storage, but enough to hurt). I'm one of the margin traders that took a hit (and yes, knew the risks). I want to take a minute to explain the thought process, learning, and why I actually think it is a good move that GDAX elected not to roll back the transactions. But also an ask for GDAX to help protect themselves. + +**Here's what happened:** + +After the Status ICO fallout, I made a (....correct ¯\_(ツ)_/¯...) assumption that Ethereum/USD on GDAX would see a flash crash. The thesis was: new investors would get spooked by the network slowdown, those that converted to ETH to get into the ICO but didn't get in would be looking to diversify back out, and BTC was steadily rising against ETH with heavy volume. Because of those factors, I assumed there would be a relatively large market order dump that would blow out stop losses. + +So I got greedy and chose to place speculative limit buys down the order book on margin between $280 and $200, with a liquidation price below $50. My thought process was that if Ethereum managed to hit $50 with over 100k Eth on the order books before I could react, Ethereum itself would have had a critical issue rendering it worthless, or basically that my entire position would be worthless anyway. + +I saw the crash, and saw the fills, and thought "yes!" followed by an immediate "NO!" when the margin call liquidation order followed 2 seconds later. The price had gone below $50. + +I did not account for the market's ability to be moved like that, but I should have. + +After GDAX halted trading, I began speculating on what could have occurred. It was either a glitch, or someone placed a $30M+ market sell order. I didn't think it was a glitch. But it also didn't have to be that big of a sell order. + +Thinking through it, I started to put together that GDAX's election to increase margin limits two days ago equated to a large increase in overall leverage on the buy side. The increase in margin availability most likely brought the average liquidation price for margin calls much closer to market price if new margin positions were opened on the 19th with a ~$40 drop in price and everyone still long. That made it significantly easier for a large market order to trigger sells on leveraged positions which created a domino/chain reaction all the way down the order book. As each margin position was forced to liquidate, it ate up buy orders, which sent the price down more, triggering more liquidation orders, etc... all the way until the price hit $0.10. + +**But here's why GDAX is not at fault: ** + +GDAX's marketplace and platform behaved exactly as it should have. How GDAX's margin product functions is clearly spelled out. The increase in available leverage to the general market was a variable I should have noted and accounted for in risk-mitigation--it was communicated. + +Therefore, it is not GDAX's fault. I would not expect them to roll back the transactions, and nor do I think they should. Whether they would was a question mark while trading was halted, but confirmed when trading resumed followed by an email to margin traders. + +In using margin, I weighed the likelihood of a drop below my margin call against the upside of using it. I got that probability wrong (did not account for the increase in overall leverage and the possibility of a large holder willing to risk a few million dollars on a market sell order). + +**Why transactions should not be rolled back for anything other than a software error:** + +A lot of limit buy orders were put in place and filled by the flash crash. These limit buys were in place and filled to GDAX's terms and conditions. When an order is filled, it is final--as it should be. Rolling a filled order back breaks the integrity of GDAX's promise. + +However, there are two things that GDAX could have done to mitigate the damage: Margin Calls and a Circuit Breaker. I believe a Margin Call can (and should be) done, but a Circuit Breaker is a bad idea. + +**Why GDAX can't offer a margin call (yet):** + +An area of thought to think about is whether or not GDAX could have offered margin calls on their margin product. A margin call is a request for more funds to be added prior to a complete liquidation of assets to cover. A margin call would have saved a lot of people's asses in this case. + +However, doing so shifts liability over to GDAX, and it's simply not mature enough to stomach that kind of risk. For example, if the crash was from a critical flaw in Ethereum's code and GDAX waited to liquidate to give traders time to add more funds, it opens itself up to defaults on those funds. Someone could say "the check is in the mail" and then just walk away. + +If GDAX has that kind of risk, it opens itself up to insolvency. As a crypto-supporter, this would be catastrophic. GDAX represents one of the few fiat to Crypto-currency converters in the United States. A decentralized exchange can really only ever handle crypto-to-crypto. So we need GDAX, Gemini, and other fiat-to-crypto exchanges to remain as solvent as possible. + +**How GDAX could offer a margin call instead of auto-liquidation:** + +I think margin calls (giving the option to make good on the capital requirements to maintain the position) would be the best way to go. This alone would stop a domino liquidation effect on one large market order. It would be more difficult for a whale or a collusion of whales to force liquidation and buy back at the bottom of the order book because it would give the buy side more time to react to the price movements. Basically, it would make doing what happened today a hell of a lot more risky to the large seller. + +I think GDAX could offer margin calls by working with a third party insurer and passing the cost of those premiums to Margin Traders (increase the cost to maintain margin, and pass those funds to an insurer as premiums to ensure the debt). A 24 hour window prior to forced liquidation would mitigate the impact of the liquidation domino chain we saw today. How that works: GDAX does a deal with a much larger insurer to cover the default risk on margin calls. If a trader defaults on the margin call, the insurer makes GDAX whole while the account is passed to collections (since GDAX does do KYC). The insurer will make a premium even through flash crashes, but shoulders the risk of the entire ecosystem crashing AND margin traders not being able to cough up the loan (which isn't as bad as it sounds, again, because of KYC). + +Additionally, GDAX could in theory tell which crypto-currency accounts are owned by their traders in cold storage and use that as proof of ability to make good on a margin (which would have saved my ass). For example, if I had 100 Eth in GDAX, but 1,000 BTC in cold storage, GDAX could safely know that I have the means to immediately cover the margin call, and let me keep my position through a flash crash. That, or just authing a massive charge on my credit card on file. Either way, it's possible to de-risk it for GDAX. + +Finally, even without margin calls, GDAX could at least use the BLENDED market price of the top exchanges to trigger their margin calls instead of just its own platform. That would mitigate the risk of market manipulation inside of their ecosystem that triggers massive sell offs. The problem is that GDAX is acting as BOTH a "broker" and a "market," so the price can be arbitrarily influenced by actions they take to set off forced liquidation. I do NOT think they did this, but I am saying that is is possible when their platform has auto-sell triggers that rely on just their own order book. + +**Why GDAX could but should NOT introduce a circuit breaker:** + +A circuit breaker is used in public exchanges to halt trading if the price drops too fast in too short a period of time. Cryptocurrency is volatile. We have to accept volatility for access to the increase potential. I believe creating a circuit breaker would actually open the door to even more market manipulation than it solves. This is because we have people that have the capability to buy and sell the ENTIRE order book. This effectively gives them an “on/off” switch for the exchange. + +**Why I think Margin Trading is super dangerous (well, even more dangerous than previously thought, now, in it's current form), but is ultimately a good thing to have available to the market:** + +Margin increases both gains and losses. Margin traders are willing to risk more to gain more. The additional capital provides increased liquidity for everyone. Margin traders using margin on crypto pretty much have to have 100% faith in the long term price viability of the underlying asset (which I do have) and be willing to stomach massive paper losses relative to fiat. It also enables hedging overall positions with less capital requirements, and is useful. It also allows you to trade against the assets in your portfolio without keeping all of it on the actual exchange. (In my case, I didn't trade above my actual balance, but used margin to trade against some of my portfolio sitting in cold storage to reduce Mt. Gox risk)... that is/should be the primary utility of it in cryptocurrency's case. The point is though: it IS useful. + +But DON’T trade on margin (now), just don’t. The probability of the main Cryptocurrencies going from $300 to $0.10 for 24 hours is low (so a margin call would make it an order of magnitude safer). But the probability of one of them going from $300 to $0.10 for 2.4 seconds is actually high (much higher than I thought), as we’ve seen today, and the power to do so is available to many of Crypto’s whales. + +**Final thoughts and suggestion for GDAX:** + +While I don’t think GDAX is necessarily accountable or responsible for what took place today, I do believe they should review those transactions with a fine-tooth comb before processing withdrawals for those accounts and perhaps invite a third party auditor to review the transactions that took place. + +The SEC’s definition of “Market Manipulation” includes *“…rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security.”* While GDAX most likely isn’t accountable, and the “security” aspect of cryptocurrency is a gray area, some of the entities involved in this trade MAY be accountable. For example, if the large market seller colluded with limit buyers to prop up the depth of the order book, and those limit sellers pulled their orders right before the market sell with knowledge it was coming—THAT would probably go into the realm of “Market Manipulation.” + +A 3rd party data scientist with access to GDAX’s tokenized API history could probably figure the above out pretty quickly by analyzing order patterns. Additionally, there was a reddit post yesterday from someone claiming to take credit for the previous dip. He/She claimed to be the agent that made the first dip and said his/her group would basically be causing another one tomorrow. I can’t find that post now (as it was probably deleted), but if anyone can vouch that it existed or took a screenshot, that’s basically another indicator that this could be market manipulation. They should at LEAST make damn sure no GDAX/Coinbase employee with access to internal data (specifically margin exposure) had any connection to the sell order. + +I am not suggesting a hold on funds and a 3rd party forensic audit to get my money back. I took a risk, knowing the risk. I’m suggesting GDAX does this to protect the overall health of cryptocurrency. + +The events of today basically wiped out a significant portion of trading accounts that (self-identified) as either High Net Worth individuals, Money Managers, or Financial Consultants. My guess is a bunch of margin accounts lied to get access to margin (in which case, the SEC is going to have a problem with GDAX’s KYC process if they complain). But that’s not the scary part. + +The scary part is that the traders that did legitimately have entitlement to access to margin got wiped out too (a $0.11 margin call on a $300 asset that can wipe out an entire position doesn’t come around THAT often). Those guys know enough to see what I see—high probability of market manipulation/collusion in today’s events. + +So, I would be VERY surprised if the SEC didn’t get formal complaints from lawyers, opened up an investigation, and came after GDAX. I would also be very surprised if GDAX didn’t get a few lawsuits opened up around lax fiduciary responsibility in exchange governance (But a lawsuit won't come from me--I just want one our primary fiat exchanges to stay alive). I would want GDAX to be able to handle those inquiries perfectly and absolve quickly by showing an “over and above” audit of the people and transactions involved in the crash, preferably self-initiated. We (as those that support and believe in cryptocurrency’s trans-formative potential) can’t lose GDAX. + +And think about it: the people trading on GDAX that are most likely to have the connections, know-how, and clout to form a class action lawsuit just got their accounts wiped out. If we lose one of the primary exchanges for new crypto-traders entering the market, we’re going to set back adoption by a mile. + +**ETH-USD Trading Update** + +On 21 June 2017 at 12:30pm PT, a multimillion dollar market sell was placed on the GDAX ETH-USD order book. This resulted in orders being filled from $317.81 to $224.48, translating into a book slippage of 29.4%. This slippage started a cascade of approximately 800 stop loss orders and margin funding liquidations, causing ETH to temporarily trade as low as $0.10. + +Our initial investigations show no indication of wrongdoing or account takeovers. We understand this event can be frustrating for our customers. Our matching engine operated as intended throughout this event and trading with advanced features like margin always carries inherent risk. + +We are continuing to conduct a thorough investigation and will keep customers updated with any resulting actions. With that in mind, it is important to note that these trades are final in accordance with our GDAX Trading Rules (Section 3.1). Honoring properly executed orders is critical to maintaining the integrity of an exchange. +In response to the large price movement we decided to temporarily halt trading of ETH-USD. Once we confirmed all systems were operating correctly, we restored trading when in accordance with our Downtime Process (Section 5). + +https://blog.gdax.com/eth-usd-trading-update-5d8142b5bdc1 +Doesn’t need to be an exact science but I just want to know if there’s a general rule so I at least have something to aim for each month instead of guessing it cause I will probably take it to an extreme haha +Current Diversification: + +*Contributing 7% of salary to 401k so I can get the max employer match. I will increase my contributions by 1% every year I stay with the company. + +*Just invested 6k into Roth IRA for last year (we are before tax day) and will also be doing so for the current tax year + +*I put the bulk of my savings into investing in FXAIX which tracks the S&amp;P 500. Chose this because of historical annual gains close to 10% and extremely low management fees + +*Investing $1,500 in Prosper peer to peer lending, this is the smallest portion of my portfolio + +*I have 48 individual stocks I’ve purchased over the years that I actively manage / hold. + +*I have savings in the bank to cover 6 months for emergencies and live fairly frugally, but in a way I enjoy and I still treat myself to things I enjoy. + +I currently have a large lump sum of money I am planning to invest. I’ve done a lot of research recently and all of the things I’ve read say low cost index funds are the way to go. So, I’ve been planning to put it all into FXAIX but am wondering if I’m perhaps missing something else? + +Thank you in advance. + +Edit: reviewed funds and updated from 3+ months for emergency which was vague to write 6 months as I do have this set aside. +Others have pointed this out, but it seems there's still a lack of awareness or realization of how serious this is. + +**The crypto dividend is NOT a joke.** + +There is one PROVEN way to trigger the short squeeze and it was done by Overstock last year. In 8. march 2020 OSTK traded at around $3 per share. After the crypto dividend was released the stock soared to $120. While the crypto dividend itself, which you received 10 per share soared to over 8 dollars per tZero. + +**Why it works:** + +When a hedgie shorts a stock, he borrows it through the broker from its real owner and sells it. Because the one who purchases it believes he is also an owner, a single share has 2 owners. When a company then pays a dividend. Both owners expect a dividend, yet the company only pays dividend to one owner because the broker only holds 1 real share. The dividend for the fake share is paid out of the shorters pocket to make the whole system function. + +If gamestop pays a Crypto / NFT / Digital dividend, then in order for the system to continue, the shorter will have to find and acquire this NFT dividend and give it to the guy he borrowed the GME share from. However, this is literally impossible. NFTs are non-fungible. There is simply no way for him to acquire it or something equivalent because only holders of GME will get it. This means the broker will have no choice but to force all the shorts to exit their positions before the Ex. Dividend, triggering the short squeeze. + +**TL;DR:** + +All that is necessary to trigger the squeeze, is for the gamestop NFT team to make a meme ape or diamond hands or rocket NFT artwork and hand it out as a property dividend to shareholders. This will automatically trigger the squeeze. So please meme the NFT dividend into reality. + +https://preview.redd.it/q67cuc42ep171.png?width=1016&format=png&auto=webp&s=04e6b6031037d7976e242b8a50d129a68f6a2cea + +**EDIT:** Thanks for all the awards and attention. It falls to you to to keep the dream alive of the digital dividend. Some common questions I've seen: + +**How will I get the dividend? How will it work?** + +There are many ways to skin a cat here, so the simple answer is don't worry about it until it is actually going to happen. I've seen someone say that for overstock their broker held it until they transferred it to their own account on a tradable exchange (since the broker didn't deal with cryptocurrencies). The logistics aren't complicated. Here is one hypothetical way: You hold the stonk until the ex. dividend date, that means you will receive the dividend. GME issues dividend to stockbrokers who are holding the share on your behalf, this means the broker will have to create cryptowallets to hold the payout (this is not a complicated process, don't worry), it is then the brokers responsibility to make sure you can get it from them and you will need your own wallet (again not complicated). \*\*"\*\****What about gas fees?"*** Yes, this is a problem right now but there are ways around it. They could use a layer 2 solution, or they could use a different blockchain, basically if there's a will here there's a way. + +**WTF? An NFT can't be a dividend.** + +Yes it can. Pretty much anything can be a dividend. It is called a property dividend. + +**Nuance between an NFT dividend and a Crypto dividend** + +If gamestop minted a GME token that is essentially a GMECoin which you use as a currency, then it is fungible as opposed to an NFT which is non-fungible. It will trigger the squeeze but will be less effective each time they pay out such a dividend because once it is in circulation, hedgies can buy it off the market to maintain a short position. If you got an NFT artwork however, you would get a personal artwork with a unique ID that signifies it as the specific artwork you received as a dividend for the stock you held. It cannot really be exchanged for any other and each time the company pays such a dividend it would be unique so a hedgie can't buy one of the older NFT artworks and pay it to you as a dividend to stay in a short position. \*"\****But these artworks that we receive will all pretty much have the same value so TECHNICALLY they'll be fungible"*** This is entirely subjective. Lets say you received a Rare Pepe artwork as an NFT dividend and you could use that rare pepe in a video game, then that rare pepe will be the specific rare pepe that you personally used to beat the game, win a tournament or whatever. That would make it non-fungible in the eyes of some. If you like the NFT that you got, well then it's non-fungible. If you wouldn't trade your NFT for someone elses even though they are mostly the same, well then they're still not fungible. Wouldn't you want the NFT that DFV received as his digital dividend? It can't be any other. Also, each time there's a dividend payment, It can be a different NFT set, which means hedgies will NEVER be able to get them on the market before it is paid out meaning shorts can be squeezed for ever, again and again. + +**What happens if the broker refuses to margin call the shorts and refuses to give you the divvy?** + +I would imagine that they could be sued. If you own the share, that entitles you to the divvy. + +**Can they weasel out of this somehow?** + +The brilliance of the crypto divvy is that it is a checkmate move. There are no tricks they can pull at the DTCC or the OCC or whatever, no accounting games they can pull, no fake shares or NFTs they can pull out of thin air to stay in a short position. When you're checkmated, the game is over. The crypto divvy bypasses ALL of the institutions. If the institutions are the chess pieces protecting the hedgie king, the crypto divvy is the orbital strike on the king directly. The divvy is also genius because it encourages people to hold. You want the divvy right? Well then you gotta hold. + +**Ok so hedgie has to close before ex. dividend, can't he short the top after the squeeze and manipulate the stock down again?** + +Gamestop can simply promise to release another NFT dividend and hedgie will have to buy all the memes all over again. And again, and again until he learns his lesson. +With negative real returns and most traditional fixed income products (liquid funds, FDs etc) offering lacklustre prospects, all you salaried folks should seriously consider Voluntary Provident Fund (VPF) offered by your employer as a portion of your portfolio. It’s currently yielding 8.5% pa, with a lock-in period of 5 years and interest being tax-free. You can contribute up to 100% of your basic salary and dearness allowance towards your VPF. + +Chasing yields in the debt market by compromising on debt quality will not pay off as things stand now, with NPAs yet to be recognised on books. Equities might still pay off but future returns are surely going to be muted. + +With inflation hovering around 6-8%, VPF might be one of the last safe instruments offering positive real returns. +To expand on title, if our quality of life is improving why should we care about wealth inequality? If my neighbour is driving a ferari while I drive a ford, why should I be mad at my neighbour? I'm living a decent quality of life. + +If wealth inequality is so important, would you rather live in 1940 USA (where wealth inequality was lower) or 2021 USA? I can gurantee the vast majority of people would prefer 2021. + +So why care about wealth inequality? +&#x200B; + +Glass Castle OP here. If you don't know who or what I'm referring to, it's probably because you weren't supposed to. + +It's probably because I was early, but I was not wrong. + +There is only one true 7 4 1. Any of that other nonsense I've been watching from the sidelines over the past 2 months in regards to what it means is hilarious to see. Don't believe that shit they still filter in massive dumps to you on these subs. Question everything, question it all. + +If you decide to assess it, question its validity through and through. Source the posts, the links, the reasoning and only then, come to your conclusion. + +Leave no stone unturned and then you will see that the truth, is far simpler than those who would mislead you, may attempt to make you think. + +Erc20 + erc721 = .... + +You do the math, or peep the posts below to see for yourself. + +[https://www.reddit.com/r/Superstonk/comments/pki107/the\_glass\_castle\_new\_game/?utm\_source=share&utm\_medium=mweb](https://www.reddit.com/r/Superstonk/comments/pki107/the_glass_castle_new_game/?utm_source=share&utm_medium=mweb) + +Most importantly, here is absolute direct validation about everything I discussed in Glass Castle II: NG+, regarding the link between D.A.Os/A.M.Ms such as Loopring and GME. + +1. Visit [https://nft.gamestop.com/](https://nft.gamestop.com/) +2. Copy and paste the link on guugle +3. Click first link that takes you directly to their etherscan page (I'm explaining this for thoroughness but I'll link that for you extra special, or extra smart apes? Who want to skip the above steps lol) [https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e) +4. Once on the page, look at where it says "token: " and click down on the sidebar to the right of the number in the box. +5. Scroll down until you see a transaction which has taken place for the first time ever between GME....and Loopring. +6. Quickly shift focus to opening your easy to access nip pouches for unzipping, allowing maximum tit jacking. + +There it is. To understand why this is fucking massive, you need to understand what Loopring is and does. Thoroughly. As well as their ties to GME and why through the market they create for the latter entity, + +The shorts will soon be eviscerated. All of the insight on this, if you so wish to learn more, is within that link above. Happy fuggin Friday ya apes. Be seeing you soon where gravity ain't holding us down like the shortbus and Co of the financial markets. + +**Edit: This one's for you real special 'apes' out there who claim that this txn was from some "random wallet" or that "anyone can do it".** Fret not though my friends, this was planned for as well and to avoid having to reply to each of ya, I figured we'd wait for the plethora of attempts to "DeBuNk" this post and handle them all at once. + +If you're going to attempt to falsify something, make sure you validate your claims. Here's an example as to how that works - + +[https:\/\/etherscan.io\/address\/0x13374200c29C757FDCc72F15Da98fb94f286d71e](https://preview.redd.it/fubtqgsflew71.png?width=1612&format=png&auto=webp&s=dc68c5df92356110b702dd87b64ee434a59847c3) + +Once you click that bad boy, you'll find yourself on the other end of the transaction. At this point, I know it's easy for you 'debunkers' to just see something which might confuse people pretty easily if you just throw random shit out there in the comments about it. I.e. the fact it says "from Coinbase" as your primary point of a counter-argument, lol. + +To which I recommend you attempt clicking this fine old highlight on that same page, \*\*which quite literally says '\*\****official page',*** + +https://preview.redd.it/mgjtz83vmew71.png?width=1408&format=png&auto=webp&s=5a66ba4cc836cd4906f083963102832df6ba3fce + +***Oh, I wonder where this takes us...*** + +https://preview.redd.it/1pp9nmq5new71.png?width=1580&format=png&auto=webp&s=e019ca2614ccece2558217bb6f898605d7278bb6 + +***It can't be, that's odd...it looks just like...*** [***https://loopring.org/#/***](https://loopring.org/#/) + +**Loopring's literal, offical, existent, website.** + +Apes, what if I told you all that these claims about certain transactions from wallets being 'scams' over the past few months, have been utilized as a way to dissuade you from ***actually digging into them and sourcing them yourselves to see if it's truly been the case or not***. It's easy to mislead people when hundreds of messages come in at once attempting to state the same argument, **but it's even easier to invalidate those non-substantiating arguments when they aren't based on actual assessment and research.** + +**You want even more validation to it though?** I recommend guugling Looprings V2 token, completely separated from any other link to the GME etherscan link, and guess where you'll end up, after clicking the literal first link, yep. + +https://preview.redd.it/mwluqnzppew71.png?width=660&format=png&auto=webp&s=fee0c69dfd2ae89fabad62f68564c3ab1e709ab7 + +That's right. The same page. But hey, don't believe my ass, literally try it for yourselves. You'll believe yourself before you believe anyone else. *Always verify the words of others, before letting them hold weight*. This is the true way. + +**Oh boy....** u/trendysk8er69 + +https://preview.redd.it/5ranxfnyqew71.png?width=349&format=png&auto=webp&s=91a2d166b1249e3a6193422b1a73c2f702a5d392 + +**Do the math on it. Hover over em once ya get there as well.** + +https://preview.redd.it/cwq4nm7wtew71.png?width=1340&format=png&auto=webp&s=944278ccc601d17ec2a8a8ad65969e5c7a0af5b2 + +**Game On, Anon ;)** + +# Priority Edit - + +**How intriguing, so without any counter-argument by the mods in control, any reasoning to the contrary or even a chance provided for me to make a proper argument they claim to "debunk" this post.** + +**Apes. I** ***highly encourage you to assess everything I've provided for yourselves before you take into consideration the stickied comment below. What is even MORE fascinating is the absurd claim made, in stating that my posts have NEVER been suppressed.*** + +This is a **blatant lie and** ***anyone*** **who was around for the first release of GC1 would be able to see this. Furthermore, I have** ***ample evidence to show that this was the case.*** + +So, you made your play from the top down, but in doing so the mod who stickied his comment **loses validity in making a statement which** + +1. **Makes a literal false claim in his statement which has plenty of evidence to the contrary.** +2. Provides **no justification or reasoning as to** ***why the post is debunked, with no evidence,*** naturally. While the post itself quite literally does **just that. Provides evidence that EACH ape can see for themselves.** +3. ***As a result of 2,*** it leaves me without an attempt to provide a counter-argument. + +If you've read any of my work, you'll know that if there is one thing I always recommend to those whom read it, ***it is to click and assess EVERY piece of data, evidence, and link for themselves. People can lie,*** **facts, do not.** + +# Priority Edit II - + +In case any of my statements above were in question, **words without substantiating evidence and validating sources, are just that; mere words.**