diff --git "a/reddit_finance_43_250k_70.txt" "b/reddit_finance_43_250k_70.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_70.txt" @@ -0,0 +1,10000 @@ +**If we take the "It's Not a Cycle Theory" forward, we should see another put bomb setting up on January 21, 2022. (C+35 and T+2 to March 1).** [Take a look for yourself!](https://gme.crazyawesomecompany.com/) + +If you made it this far and you're thinking to yourself, " I don't know shit about fuck when it comes to **DOOMPs** and why the hell is it **C+35 and T+2**? I'm lost." + +Hold on a moment, let's dive into that real quick. + +# DOOMPs + +*Credit to* [u/WhatCanIMakeToday](https://www.reddit.com/u/WhatCanIMakeToday/) + +**Deep Out of The Money Puts (DOOMPs)** are a key loophole that short sellers use to create greater naked short positions. They will use married puts from a market maker to synthetically create naked shares to short. Major shoutout to [u/broccaaa](https://www.reddit.com/u/broccaaa/) for [his work on this subject](https://www.reddit.com/r/GME/comments/mgj0j1/the_naked_shorting_scam_revealed_lending_of/). + +When those puts expire, the marriage is over and the short positions are revealed. So, the short positions would get [re-married.](https://re-married.one/) One of the legends that uncovered this, [WhatCanIMakeToday](https://www.reddit.com/user/WhatCanIMakeToday/), made a great post about this, [Peek-a-boo! I see 103M hidden shorts! (Part Deux)](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/). + +When we look at the "It's Not a Cycle" Theory, we need to take close look at what happened in January. Let's see how many marriages of short positions got divorced on expiration: + +Jan 15, 2021: **About 339k OTM Puts expired** (the equivalent of up to\~ 33.9M shares) + +Jan 22, 2021: **About 121k OTM Puts expired** (the equivalent of up to \~12.1M shares) + +Jan 29, 2021: **About 329k OTM Puts expired** (the equivalent of up to \~32.9M shares) + +That sure is a hell of a lot of divorces and exposed short positions! We've yet to find evidence that OTM Puts were ever this extreme before January. It's obvious that a lot of money was thrown at these OTM Puts during the runup, expecting the price to fall, + +This OTM Puts in January serve as the primary catalyst for the chain of events we see today. Since then, the can have been kicked over and over again with DOOMPs that pop up consistently on the first monthly option expiration of each quarter. This happens every **C35 + T2** from that date. + +# C+35 and T+2 + +# Credit to [u/loggic](https://www.reddit.com/u/loggic/) + +The **C+35 and T+2 Settlement Period** means participants are given *35 Calendar Days* *plus* *2 Trading Days* to settle the trade of DOOMPs. + +[Reg SHO](https://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm) provides a number of different circumstances under which C+35 applies. This language repeats in those circumstances: + +>...35 days after the trade date, the broker-dealer that effected the sale must borrow securities or close out the short position by purchasing securities of like kind and quantity... + +So that's where C+35 comes from. The DOOMPs are on the books, likely being used as a part of some nonsense Delta hedging scheme and/or just as a "leftover" from some options exploitation scheme. When those options expire, there's a new need to purchase shares to make the books balance. + +*Okay, then why T+2?* + +T+2 is the typical settlement time for transactions being settled by the NSCC. You receive the shares before the market opens 2 days after the transaction. In other words, if you buy shares Monday, you should actually receive those shares on Wednesday morning. + +*Why does the NSCC do it that way?* + +Their Continuous Net Settlement (CNS) system batches *all* of the trades going through the NSCC into one giant pile, then cancels out as many as possible. + +So if I buy 10 shares in the morning then sell 10 shares in the evening, CNS just cancels out those two trades and adjusts my money account accordingly. It then continues that process such that it settles as many trades as possible by T+2. + +In other words, if you sell 10 shares to me on Wednesday, CNS will probably deliver those shares to someone else who bought on Tuesday (yes, before you even sold) & then try to deliver shares to me from sellers on Thursday. + +*But what happens if CNS doesn't actually have enough shares to deliver? What happens when someone FTDs?* + +CNS will try and find shares to deliver anyway. Typically this means CNS will borrow those securities from a willing lender, deliver them to the buyer, and charge the person who FTDs until they can actually deliver. + +In any case, the shares don't need to *actually move* until T+2 after someone hits the "buy button". Since market participants have various ways to effect a near-instant settlement, they can delay the buying pressure until nearly the last moment. + +So, yeah. The Market Maker can push their nonsense out to as far as C+35, which lobs a grenade onto someone else's lap (like the CNS system itself) which goes off by T+2. + +&#x200B; + +# The Smoking Gun + +Let's put this all together... + +We have **GIANT** piles of puts that expired OTM in the last few weeks of January. And we know that those OTM Puts must be settled in C35 + T2. If we plot that out on our handy dandy chart... + +[Oh shit, is that February 24th?](https://preview.redd.it/nl4dmme1fj381.jpg?width=1357&format=pjpg&auto=webp&s=ff3d2c6ee1e53563748d9e95b6b16589562eb17d) + +Quite possibly, When February 24th rolls around, the computer says, *"Oh shit, oh fuck, we have to settle those 33.9M shares from OTM puts that expired January 15th."* + +If it's a half-decent system at assessing risk, it would also start to think, *"Oh shit, oh fuck, I also have to settle 45M more shares by March 10th?"* + +🤖 *\*Computer does math\** 🤖 + +"***This number is a total of 78.9M shares of GME which is 2x larger than the available free float at the time. JPOW, how the fuck do you expect me to handle this?"*** + +# CONCLUSION + +We've come to two distinct conclusions about what happened on February 24th: + +* **This was in fact an unexpected computer crash due to an "operational error". Maybe the reason Feb 24 was so** ***batshit crazy*** **at the end of the day was due to the computer coming back online, seeing naked short positions and starting going haywire on DTC Participants. This should provide enough evidence to warrant an audit of short sellers and market makers during the events of February 24th.** +* **The computer suddenly recognized there was an irrational amount of DOOMPS that needed to be settled than physically possible, and shut down due to computational error. Now short hedge funds are stuck kicking the can every 90 days. If this is the case, the DTC should be held responsible for market manipulation charges.** + +&#x200B; + +# + +# HOWEVER... + +*There are also a TON of unanswered questions that we still don't know the answer to:* + +* *If the outage was a protocol to buy more time for the DTC and NSCC to assess the situation? What could they have done during the outage to mitigate risk?* +* *Why does the Founder of Citadel, GME's designated market maker, act like a frog & ice cream tweet is what caused retail FOMO buying? He should very well know that the price began increasing at the same time a computer system came online that handles end-of-day settlement.* +* *Oh yeah, and why*[ *did IV drop to ZERO on February 24th?*](https://www.reddit.com/r/GME/comments/minenb/what_happened_on_february_24_to_iv/) +I completely missed this and haven't seen it posted here yet so here yall go. + +Report (April 2021):[https://s21.q4cdn.com/421822989/files/doc\_financials/2021/Press-Release-Realty-Income-To-Merge-With-VEREIT-In-All-Stock-Transaction-4.29.21.pdf](https://s21.q4cdn.com/421822989/files/doc_financials/2021/Press-Release-Realty-Income-To-Merge-With-VEREIT-In-All-Stock-Transaction-4.29.21.pdf) + +TLDR: + +* O will buy VER in an "all-stock transaction" and create a spinoff (This will have ALL their office space) called "Spinco". VER shareholders will receive 0.705 a share of O. +* Shareholders of O will have 70% of the new company (basically every 2 shares gives you 1 Spinco (new company's name)) while VER will get 30% (So almost every 4 shares) +* **The new company will hold ALL of VER and O's office spaces and, it's a REIT!** So it legally needs to pay 90% of its income as dividends (meaning we got another company that pays dividends (I'm assuming monthly)). + +Key Takeaways: + + " Realty Income Corporation (NYSE: O) (“Realty Income”), The Monthly Dividend Company®, and VEREIT, Inc. (NYSE: VER) (“VEREIT”) today announced that the two companies have entered into a definitive merger agreement by which Realty Income will acquire VEREIT in an all-stock transaction, creating a combined company with an enterprise value of approximately $50 billion " + + " VEREIT shareholders will receive 0.705 shares of Realty Income stock for every share of VEREIT stock they own " + + " Dividend stability. Realty Income is one of only three REITs in the S&P 500 Dividend Aristocrats Index® for + having increased its dividend every year for the last 25 consecutive years and the improved diversification + effectuated through the merger is expected to further enhance the durability of Realty Income’s dividend + coverage. VEREIT’s shareholders are expected to experience an immediate increase in the dividend upon + closing of the merger. Dividend payments for both companies are expected to remain uninterrupted through the + close of this transaction." + +About the Spin-Off (Spinco): + + Immediately following the closing, the companies expect to effectuate a taxable spin-off of substantially all of the office + properties of both companies into a new, self-managed, publicly traded REIT (“SpinCo”). Following the merger and the + spin-off, Realty Income will continue as the surviving public entity. Realty Income and former VEREIT shareholders are + expected to own approximately 70% and 30%, respectively, of both Realty Income and SpinCo. +This is going to be a long post, so please bear with me. + +After the last survey, I made in April earlier this year, I wanted to make another one that reflects a greater percentage of the community. Unfortunately, the community has grown tremendously since the last survey and it made it significantly harder to do. This time just under 1% of the sub took it (versus almost 2% last time), but those are almost 800 people which is also quite a lot. + +The last survey was just before we took off from 90$. Had I reviewed the results during the following bull run, I would have known things that now seem obvious, like the price action; A bit more than 40% of the people said the price in a few years would be somewhere between 200$ and 500$. So, one could infer that if we surged to that territory, a massive profit taking would occur. + +I chose the time of this survey, based on two factors; one, I was traveling up until two weeks ago, secondly, I felt like the price was relatively stable and the atmosphere in the sub was almost neutral – perfect time to ask for price predictions and other questions that may have been affected by a biased mood. + +This survey included 3 parts; one was demographics, second was to see the respondent’s knowledge on the tech (according to them). The last part was price action, staking and general questions about Ethereum. + +I posted it on the daily thread in different times and days to get as many people from different time zones and ages as I can. + +To process some of the data, I used local averages to help me calculate some figures like price, average time in crypto, DCA and more. I.E, I assigned the value 1250$ to the group that said they estimate eth to be between 1000$ and 1500$, which is probably close to the real average price that group would have picked, had I given them a more precise range to choose from. + +Also, I omitted some of the groups when making my graphs. That is because some of the groups contained only 1-4 people, and I felt like some of them are trolls upon checking their individual surveys. When I omitted a group, I stated it near the graph. + +I will start with the raw data and will proceed to elaborate on some interesting finds. + +So, let’s dive into the data. + +--------- + +###Data + +####Demographics + +The average ethtrader is a 29-year-old man from north America (surprise surprise). + +• 49% are from north America + +• 38.4% are European + +• 5.5% are from Oceania + +• 4.7% are Asian + +• 1.5% are south American + +• 0.8% are African + +Let’s talk about age and gender: + +• 58.5% (!) are 20-30 years old + +• 26.8% are 30-40 years old + +• 6.6% are less than 20 years old + +• 6.6% are 40-50 years old + +• 1% are 50-60 years old + +• And 3 people who represent 0.4% have wisdom of more than 60 years + +96% etherians are men, a mere 4% are women. + +------ + +####Knowledge + +In the question “How well do you think you understand the blockchain technology?”, I got a beautiful graph; growing exponentially from 1 peaking at 7 then descending exponentially to 10. Almost 30% of the people picked 7. + +The results I got when I asked about understanding Metropolis was one big pile of shit. Graph is distributed evenly from 1-6 then descending continuously till 10. **80% of the people rated themselves 6 or lower, only 3% rated themselves 9 or 10**. If I can learn anything from this graph is that the community doesn’t know enough about Metropolis. + + When I asked, “How well do you think you understand PoS?”, I got a constant rise from 1 (6.9%) to 7, then, again, a decline till 10. + +Here are the average and median scores for understanding Blockchain, Metropolis and PoS: + +• Blockchain – average score is 6.5, median score is 7 + +• Metropolis – average 4.3, median 4 + +• PoS – average 5.7, median 6 + +------ + +####Staking + +Ok, let’s talk about staking. This score has decreased dramatically since the last survey. It was just over an average of 60% and now it under 50% (48.05% to be exact). The median score though is 55%. + +After this question, I asked what would happen if the price was higher or lower than their price prediction. On average, if the price was lower **OR** higher than they expected, people said they would raise their stake. That leads me to believe that the eventual stake rate will be slightly higher than the results of this survey. + +According to you guys, 62.5% will re-invest their gains from staking, 22% will stake them and only 15.6% will spend them. + +------- + +####Trust in Ethereum + +Ethtrader is very supportive of the Ethereum foundation, with an average trust score of 8.25 and a median score of 8. Let that sink in for a second or two. I think it’s amazing. + +------ + +####Time in Crypto + +The average etherian bought in crypto more than 14 months ago, but more than 60% of the respondents bought in crypto less than 6 months ago. That means we have a lot of new faces here, mixed with some experienced people. Makes sense. + +----- +####Projects + +Let’s see what etherians are most excited about: + +• Casper 39.7% + +• Then Metropolis with 17.5% + +• Plasma got 14.8% of the votes + +• EEA is fourth with 13% + +• Sharding fifth, 11.9% + +• Devcon is last with just over 3% of the votes + + +Then, I asked you which of the following is going to affect the price the most, here are the result: + +• Casper won with 40% of the votes + +• EEA came in second with 19% + +• Then, with a close call, Metropolis with 18% + +• Sharding got 9.1% of the votes + +• Plasma, 8.9% + +• Lastly, devcon with 5% + +I expected to get similar results for the two questions, and they pretty much are. But interestingly, more than 42% of the people submitted 2 different answers for the questions. Meaning they are excited about one thing but think another thing is going to affect the price the most. + +------ + +**A quick break to thank you If you read this far** + +------ + +####DCA & Prices + +I will start with DCA. + +So, the average DCA of the respondents was 157$ (us), and the median price was 150$. + +Most of ethertraders are happy with their DCA; out of 10, the average DCA happiness is 6.55 with median score of 7. Notebly the highest percentage of people (16.9%) scored 10 in this question, after that 7 with 16.7% of the votes. + +Now let’s see what were the price predictions: + +• 27.1% of the people said eth will be worth 1000$-1500% + +• 18% said 1500$-2000$ + +• 17.9% estimated 2000$-3500$ + +• 17.6% said ether will be worth **at least** 3500$ + +• 12.4% voted for 750$-1000$ + +• 4.7% said 500$-750$ + +• 1.7% estimated eth to be 400$-500$ + +I calculated median and average prices, and came with these figures: + +• Average price prediction: 2150$ + +• Median price prediction: 1750$ + +Base on that data it’s almost safe to say that we are going to experience a big pullback if we hit 1000$-1500$ prices, same for 750$. + +------ +###Graphs + +If you are interested in some graphs: + +[Click here]( https://docs.google.com/spreadsheets/d/1EdogyhWNptDIjeIcLwKGdpB0ulZ_YI2UrHN7ejreZio/edit?usp=sharing). + +If you are too lazy, you can just read my points below: + +• There is a positive connection between understanding the blockchain technology and having more faith and trust in Ethereum’s development team (amazing find in my opinion). + +• There is clear evidence that people who trust the Ethereum developers more, would stake more than those who trust the development team less. + +• People who bought recently said, on average, that the price per eth would be lower than those who bought 6 months ago or more. Moreover, people who said they bought their first crypto more than two years ago, said the price per eth would be almost 2500$ - the highest prediction I got. I can conclude that most of the moon kids bought a long time ago rather than recently. + +• People whose trust in Ethereum’s devs is 8 to 10, staked 15% more on average than people who said their trust and faith score is lower than 6. + +• People who bought in crypto less than 3 months ago, on average, rated their understanding in the blockchain tech and PoS 11% lower than people who bought in 6 months ago or more. Between 6 months there is a low increase in understanding. That shows that most of the information you gather on the tech happens within the first three months of joining the community. + +------- +###Closing words + +That’s all for today folks, hope you like it and understand my horrible English. I’ve attaches some links below, including the raw data for you to look at and play with. + +[Previous survey](https://www.np.reddit.com/r/ethtrader/comments/67hnpw/pos_big_survey_results/?utm_content=title&utm_medium=user&utm_source=reddit&utm_name=frontpage) + +[Raw DATA]( https://docs.google.com/spreadsheets/d/1cRei6w06An578jhnY44RXhAAXs8rLPPeFNRwZSk4UAI/edit?usp=sharing) + +[The graphs I made, I really encourage you to look at them](https://docs.google.com/spreadsheets/d/1EdogyhWNptDIjeIcLwKGdpB0ulZ_YI2UrHN7ejreZio/edit?usp=sharing) + +Edit: + +If you want to donate, thank you, but do not feel obligated!! + + 0xA7B25D12D1EE2D280c4780d6f5af9713Ed06d5Bf + +I remember when this sub was a place you could have actual adult discussions about the market and stocks. Now ever since the WSB crowd spread all that ever makes it to my feed is moonshots and weird conspiracy theories. +The word “manipulation” is being thrown around like a boomerang whenever something doesn’t go their way or someone wants gold. Everything is being controlled by these dark “hedgies” that want the market down... or up.. whatever hurts you more. +Oh and any day this market is going to crash because so and so did something btw here’s my DD. It’s an hour long and makes no sense but I swear it’s going to the moon apes. + +I’m getting so tired of not having a place away from all this. + +Edit: even the icon is the damn moon emoji. +As the title says, there was a post recently in the gaming subreddit that was claiming that NFTs will ruin computer gaming further just like microtransactions did. + +However, I disagree with that statement. If NFTs were in DnD they would be a lawful neutral force, they are not good or evil they are just a tool and being a transparent and open tool it makes them more easy to keep track of. + +If anything NFTs should provide more consumer protection for digital game downloads than the present model of Microsoft being all like "trust me bra, we got this" until one day they just remove the game from the store and leave no public evidence that you ever owned it. + +However, I also 100% guarantee that game companies are going to use this to further monetise the market for pointless crap cosmetics and strip even more out of a game to sell back to the player later. + +But people shouldn't hate the technology, that's like hating the internet because game companies use the internet to download microtransactions, it really makes no sense. Hate the companies and hate the people buying their garbage. +I recently went up a grade in my current job which has a annual pay increase of about £1000 annually from my previous salary. I realise since getting this pay rise, my deductions have increased (monthly): + +Tax has increased from £346 to £390.60 + +NI has increased from £261.87 to £290.58 + +Pension contribution increased from £193.65 to £209.12 + +Student loans contribution increased from £63 to £84. + +With all these increases to my deduction, I wonder if this is normal. I probably should have stayed on my previous salary as I was actually taking home more than I am now after my promotion. So essentially I have more responsibility at work with less pay :/ + +Your thoughts? + +Edit 1: thank you for your suggestions. + +Edit 2: there was a backpayment of £159 which is reflected in this month's payslip. + + + +https://preview.redd.it/moub1c430zf91.png?width=1170&format=png&auto=webp&s=2f6c5171f29256460a6770c60927883a40c217ea + +LINK: [https://news.gamestop.com/stock-split](https://news.gamestop.com/stock-split) + +TEXT: + +On July 6, 2022, GameStop announced a 4-for-1 stock split in the form of a stock dividend, effective as of July 21, 2022, for stockholders of record on July 18, 2022. Tax information related to this stock split can be found [here](https://news.gamestop.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8). + +**GameStop Guidance for International Stockholders with Split-Related Questions**    + +*GameStop has notified its transfer agent and the Depository Trust Company (“DTC”) that some of our valued stockholders in international geographies are still trying to determine if they have received the proper stock dividend associated with the Company’s recent 4-for-1 stock split. Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants. We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares.*   + +*As always, we appreciate your investment and enthusiasm. Although we are not able to engage with individual brokerage firms, we are monitoring this situation and will keep you informed of any relevant updates we obtain through our transfer agent or DTC.* +I, like all of you ( I assume) would be transferring my shares not because I would seek to cause an issue in the market or collude to do so at all. + +I, like all of you, (I assume) would be transferring for my own reasons, my reason is because I don't know if I can trust the DTCC and I personally feel safer with my shares in Computershare. + +If by chance people transferring shares for their own individual reasons causes a MOASS, that is not anyone's fault. + +I would deeply caution anyone from saying that " we are transferring to start the MOASS, " no WE are not; it is all for our own reasons. Period. +Am I going crazy or is there an increase in the "I'm \*insert age under 24\*. I have 100k in the bank and don't know what to do?!"? I'm all for advice on questions but these posts aren't really asking anything. They just feel like flexing contests at this point. +Project is fully renounced and there are no developer wallets = NO RUG TO PULL +Yeet reached a 3 million market cap in 2 hours, 7.8+ million 17 hours later. +Yeet’s trajectory is extremely reminiscent of Bonfire so far + + +Be honest, most of these things aren't built to last that long, but that doesn't mean you can't 10x, 30x or even 70x with these babies on the regular. We’ve all seen several memecoins this week go 10-30x, and those aren't even the best ones. All you really need is a solid group, a great smart-contract, and big hype - we can bring this to the table, and give you plenty of opportunities to multiply your investment several times over. +I won't promise you to plant a tree for every buy order or to clean up the entire ocean - these things are meant to be fucking YEETED. This is our mission. + +*'So why even yeet?'* +Unlike other tokens in this space, Yeet doesn’t heavily penalize you for trading it or holding, instead the token has cleverly been optimized to yeet. +DYOR: This token cannot be rugged or controlled in any way by the team or anyone else once launched - we don’t even have a wallet, literally all of it goes to the presale supply and the locked LP, dev has to buy-in like everyone else. Sniff the code, do whatever you have to do, and you’ll see that we’re in it for the yeet. + +[TOKEN SPECS] +👉1,000,000,000,000,000 Starting Supply 🔥50% Pre-burn +🕳6% per Transaction = 💧4% Back to LP + 🌽 2% Reflection to holders (4% LP so we won’t dry up when we're mooning, moderate reflection to yeet even harder) + + +Proof of fully Renounced Ownership: +https://bscscan.com/tx/0x5eeef8ebc2a336f4770f0b069cf40699885e837b7ce90720c8cd495ba464e9ec + +Whitepaper: https://pdfhost.io/v/VlJMvYYUj_YeetToken_Whitepaper.pdf + +Join us! We are a decentralized community. Each one of our socials were created and owned by non-devs, aka the community. The original creators of Yeet only control the Telegram. + + +Socials: +Telegram (3300+): https://t.me/YeetTokenOfficial +https://www.reddit.com/r/YeetTokenOfficial/ +https://discord.gg/jfBBRCgr +https://twitter.com/yeettoken_hq +https://www.instagram.com/yeettoken/ + +Website: https://YeetToken.com +PancakeSwap: [Buy on PancakeSwap](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7060d3f1cc70a07f4768560b9d9b692ac29244de) + +YeetToken was born 30 hours ago - it’s still very, very early. +Because this investigative report has broader implications than just GME, a PDF version with a non-GME intro can be [found here](https://github.com/Slyver12/iterative_treemap_megacorp/blob/main/how_to_take_over_the_world_in_3M_steps_part_1_Finkle_is_Einhorn.pdf). + +# Part 1: [Finkle Is Einhorn](https://www.youtube.com/watch?v=Y4fI3TruAOw) + +&#x200B; + +**GME** **BBEMG = GameStop Big Bad End Monster Guy** (or as I like to call it; never pass up the chance to modify a perfectly good acronym to create a palindrome) + +**AKA** + +&#x200B; + +https://preview.redd.it/jzvqu36jr0f71.png?width=300&format=png&auto=webp&s=9bfb7d6d060acfd564ab803ef113034f735726ad + +Who is at the end of the GME saga? Is it really Citadel? Is it the DTC, SEC, etc.? Why has MOASS not happened yet? What game is the Evil Monster at the end playing and how do we stop it? Who **OWNS** this mess? With what this report exposes, I hope to bring us closer to answering these questions. The evidence uncovered in my investigation suggests some pretty serious problems with the entire structure of what we call “the free market”. It suggests that there is nothing “free” about it all, in fact it may be as controlled (and owned) as The Matrix itself. I highly recommend the !buckleup! tag for this one, and please keep your hands and feet inside the cart at all times. + +# 0.1 Preamble + +A few months ago Citadel was the BBEG and BlackRock was our Angel, swooping in all dark and sinister, but totally on our side with their Sword of Deep Pocket Whaleness. Everyone kept saying it, but I just wasn’t buying it. Why would the two Big Daddies controlling the long and short side of the market be in opposition? They have been playing nice with each other for decades to great mutual benefit. Why would that change? Aren’t they both in the “too big to fail” category? + +I began this journey then. Most of this I wrote a couple months ago or more, and have been sitting on it. Not because I didn’t want to share, but because the investigation had gotten so big I wanted to finish it before I presented my findings so I could keep it all in context. Well, that didn’t happen. I’ve written over a hundred pages of primary source findings and I’m really no where near finished, but I think I am finished enough to begin presenting the evidence. + +This investigation is primarily on ***ownership***; who owns what; what benefits and responsibilities does ownership give, both by the law, and within the scope of what is realistic. Since this is a report on *current ownership*, even though it is topical to GME which we are all invested in, it isn’t really about personal finance, and should not be taken as financial advice. + +# 0.2 The Long And The Short Of It + +Before I begin, it is necessary to understand the basics of “going long” or “selling short” on a stock. A [*long position*](https://www.investopedia.com/terms/l/long.asp) is basically placing a bet that a stock’s value will increase. A [*short sale*](https://www.investopedia.com/terms/s/shortselling.asp) is basically placing a bet that the stock’s value will decrease. Of course that is an oversimplification, but it's all you need to know before beginning this report. + +# 1.0 Your Favorite Companies! + +Unless you shop at Walmart, Costco, or Amazon exclusively (no judgments!), you probably buy your clothes from one store, your groceries from another, and your electronic devices from a third. Maybe you even buy these consumables at multiple different stores in each category. All of these different retailers and brands obviously have nothing in common; oftentimes they are fierce competitors. + +As smart shoppers we find the stores with the best prices, each store hawking their wares with ads and sales, all vying with each other for our hard earned cash. When we aren’t shopping or working we spend a fair bit of our free time watching shows on competing cable stations or the online equivalent (Netflix e.g.), or reading news through a plethora of competing news sites that are trying to get us excited with eye popping headlines, or maybe interacting with our friends, relatives, and the world at large through games, social media platforms, or other interactive media. + +But are these really different companies competing for your time and money in a free market; full of original ideas and products? Or has the entire concept of a competitive market, and the free flow of information and trade become nothing more than a *game of pretend* we are forced to play? Does the market really encourage *any* innovator to introduce their ideas for public judgment? Or does judgment come long before the public even knows about an innovation? (E.g. [naked shorting](https://www.wraltechwire.com/2020/07/21/redhill-biopharma-requests-sec-review-of-suspicious-trading-activity/) biotech [research start-ups](https://www.reddit.com/r/Superstonk/comments/ndrjl8/naked_short_sellers_have_set_our_cancer_research/), or [EVtech companies](https://www.reddit.com/r/Superstonk/comments/of8o42/shitadel_and_friends_are_shorting_innovative_ev/).) + +Does the money from every purchase go into the same corporate pocket, no matter which sign hangs over the door? + +# 1.1 Your Favorite Companies? + +There are certain “investment firms”, such as Blackrock, Vanguard, State Street Corporation, JP Morgan, BofA, Fidelity (FMR LLC), Northern Trust Corp, etc., etc. who have purchased large percentages of stock in every company in America that has a name big enough to make a blip on their radar (and many that have yet to do so). When you add up the ownership of all these investment firms into any random production or retail company it totals anywhere from a very large minority (40%+) all the way up to nearly 100%. + +Examples: [Intel](https://www.wallstreetzen.com/stocks/us/nasdaq/intc/ownership) 63% and [AMD](https://www.wallstreetzen.com/stocks/us/nasdaq/amd/ownership) 67% (note that these are not the complete list, just the top ten): + +&#x200B; + +https://preview.redd.it/7rukpcrdr0f71.png?width=588&format=png&auto=webp&s=625ff6bc5aaf8bc2a6496cc262cdd9c280cbeb73 + +Here are a few more that show the approximate **institutional ownership** of some mostly random corporations; sourced from [finance.yahoo.com](https://finance.yahoo.com/) and [www.wallstreetzen.com](http://www.wallstreetzen.com/). + +&#x200B; + +* [Walmart](https://finance.yahoo.com/quote/WMT/holders?p=WMT) 43% +* [Target](https://finance.yahoo.com/quote/TGT/holders?p=TGT) 83% +* [Apple](https://finance.yahoo.com/quote/AAPL/holders?p=AAPL) 59% +* [Tesla](https://finance.yahoo.com/quote/TSLA/holders?p=TSLA) 45% +* [Facebook](https://finance.yahoo.com/quote/FB/holders?p=FB) 81% +* [Google](https://finance.yahoo.com/quote/GOOG/holders?p=GOOG) 70% +* [Amazon](https://finance.yahoo.com/quote/AMZN/holders?p=AMZN) 65% +* [Disney](https://finance.yahoo.com/quote/DIS/holders?p=DIS) 67% +* National Amusements (traded though its subsidiary: [ViacomCBS](https://finance.yahoo.com/quote/VIAC/holders?p=VIAC) 88%) +* [AT&T](https://finance.yahoo.com/quote/T/holders?p=T) 53% +* [Comcast](https://finance.yahoo.com/quote/CMCSA/holders?p=CMCSA) 86% +* [News Corp](https://finance.yahoo.com/quote/NWSA/holders?p=NWSA) 76% +* [Sinclair Broadcasting Group](https://finance.yahoo.com/quote/SBGI/holders?p=SBGI) 88% + +Some of the institutional ownership is tied up in funds, but the majority of this ownership is in long term investment. This not only gives these investment firms collectively a majority share in equity and profits, but also voting rights. For the vast majority of the companies we buy from, these institutions have (if taken together) the majority voting rights to decide who runs the companies and how they handle their assets. Whether or not they use those voting rights to make decisions for these companies is not the focus of this research. I am only pointing out that the ownership trail suggests that *they can if they want to*. + +This report will focus primarily on American or American based international companies, but this institutional ownership is not restricted to just these. While some of the data (that I know how to access) gets a little more muddy, here are a couple examples of foreign based companies that are owned in large part by the exact same investors: + +&#x200B; + +* [Alibaba](https://finance.yahoo.com/quote/BABA/holders?p=BABA) 38% (China) +* [Prudential](https://finance.yahoo.com/quote/PRU/holders?p=PRU) 57% (UK) +* [Teva Pharmaceuticals](https://finance.yahoo.com/quote/TEVA/holders?p=TEVA) 53% (Israel) +* [FirstRand](https://finance.yahoo.com/quote/FSR.JO/holders?p=FSR.JO) 50% (South Africa) + +The list, foreign and domestic, goes on, and on, and on, and on… + +Forever. + +# 2.0 The Company Your Company Keeps (That Keeps Your Company) + +By looking at the investment data, since each large company is primarily owned by most of the same investment firms, it would be reasonable to assume that the real competition is in the investment firms themselves. That it is they who compete with each other for profits, and argue over who gets which part of the market. They fight with each other over which stores and brands get to rise to the top, and who gets shorted out of existence. + +This assumption would be completely wrong. + +All the investment groups I listed above, and every single one of those not listed that I have been able to find records for (including all privately owned), all own just as much of a share of each other as they do in all the other world's corporations. Here are just a few examples (from [wallstreetzen](https://www.wallstreetzen.com/stocks/us/nyse/blk/ownership)): + +&#x200B; + +https://preview.redd.it/ltk07gmar0f71.png?width=588&format=png&auto=webp&s=2911940816204311cab8aefc66d3315c6d8107d0 + +Here are a few more: [JP Morgan](https://finance.yahoo.com/quote/JPM/holders), [Charles Schwab](https://www.wallstreetzen.com/stocks/us/nyse/schw/ownership), [Ameriprise Financial Inc](https://www.wallstreetzen.com/stocks/us/nyse/amp/ownership), [Bank of New York Mellon](https://www.wallstreetzen.com/stocks/us/nyse/bk/ownership). I’ll get to Vanguard in section 2.3, but here is ownership in a [sample Vanguard fund](https://www.vanguard.com/pub/Pdf/sai040.pdf) (Investment holdings start on page 34). + +&#x200B; + +https://preview.redd.it/e04a5q59r0f71.png?width=782&format=png&auto=webp&s=5af4eac82728f7b44dc692e1efed776aa9a3d8f4 + +By all appearances, at least on the large scale, the connectivity of the investment firm network seems to be very close to all nodes are directly connected to all nodes. A big black spider web of corporations. + +# 2.1 Who’s The Real Spiderman? + +https://preview.redd.it/ungn7yk5r0f71.png?width=828&format=png&auto=webp&s=e572172309906149dc151b25f771f55bca5c17e0 + +This shared ownership seems shocking (at least it shocked the shit outta me) but the full implications aren’t obvious without some analysis. I will start with a simple math example (really). + +# 2.1.1 Mr. Hankey The Christmas Poo + +https://preview.redd.it/snrvmqp4r0f71.png?width=300&format=png&auto=webp&s=b0ef1081eb6cba7c95022d327135b823d1464869 + +Let's say I own an investment company named **Money Inc**.. I’m competing for investor monies with my friend Cartman who owns **Fat Money**. Down the street is a former friend of ours named Kenny. He owns **Money Castle.** Kenny is short, has a speech impediment, and steals some of our customers sometimes. + +On the edge of town there is a really nice big fat juicy new up and comer company named **HankeyPoo** that I want to invest in. I really like the stock so I buy 20% of the company. I tell Cartman about it and he agrees with my assessment. He buys 20% as well. Unfortunately Kenny got (down) wind and buys up another 20%. As much as I don’t like Kenny, he does have a nose for investment opportunities. HankeyPoo now has 60% institutional ownership. Combined our ownership gives us a lot of control over what kind of shit goes on at the company if we choose to use our "Poo" leverage, though there is little apparent motivation for us to work together since we are obviously competitors. The rest of the town loves HankeyPoo. They seem to think his shit don’t stink and scoop up 20% of “The Poo” (Retail). Hankey decided to keep 20% of The Poo in house (Insider). + +Here are ownership maps of what these four companies look like: + +&#x200B; + +https://preview.redd.it/gp1o4mv3r0f71.png?width=1235&format=png&auto=webp&s=7c483122f2c01ff8259d9f83b7e214a0fa33cdef + +These pictures are created by an ownership Treemap program I wrote. The code and the database can be [found on github](https://github.com/Slyver12/iterative_treemap_megacorp). A Treemap is a graphical display of data that shows a distribution by percent of something in 2D rectangles. In this case it is relative percent ownership of voting stock. Each sub-rectangle is, by area, a percent of the area of the whole square. For example, in the case of HankeyPoo above it shows that Money Inc (red), Fat Money (green), Money Castle (blue), Retail (white) and Insider (gray, Mr. Hankey himself) all own 20% each of the voting stock of HankeyPoo since their area is in each case 20% of the area of the larger containing square. By contrast, in the case of the three investment companies above; Money Inc, Fat Money, and Money Castle, it shows that they are 100% self owned; they are clearly different companies. + +Pleased with my HankeyPoo investment, and having some extra cash, I look elsewhere for investment opportunities. I’ve always really liked Cartman’s company. He may be a slob, but he’s a savvy slob. I decide to buy up a third of the total shares in his company. Being nice, I let him know. He decides that’s a good idea and buys up 33% of mine as well. Neither of us like Kenny very much so we each decide to snag up as much of his company as we can. We buy out 33% each for a total of 66% ownership. Unbeknownst to us, Kenny, being not as stupid as we thought despite his speech impediment, bought up 33% of each of our companies as well. + +As far as HankeyPoo is concerned, we each still own 20% of that company, even though we only own 33% of our own company. For example; I own 1/5 of 1/3 = 1/15 through my own company, and 1/5 of 1/3 through both Cartman’s and Kenny’s companies. That’s 1/15 + 1/15 + 1/15 = 3/15 = 1/5 = 20%. Together we still own 60% and the voting majority. Here is the new ownership treemap: + +&#x200B; + +https://preview.redd.it/6rfyk1m2r0f71.png?width=1235&format=png&auto=webp&s=a7735b87580c80b44ce7d82e6d2cc807eb56906d + +While I may still be CEO of my company Money Inc., I have to respect that I have broader interests now. It behooves me to coordinate and work with both Cartman and unfortunately Kenny since its really difficult to tell, by ownership anyways, who owns which company. As far as how invested we are in both each other and HankeyPoo, we might as well be one company with three different “investor” doors and one “retail” door. + +If HankeyPoo does well (and we’ll make sure it does, with "brown gift bags" at Christmas time) we will have plenty of money to invest in other companies in the same manner; all coordinating for the best interests of each other and of course the corporations we deem worthy. For any companies we don’t like, maybe just because they won’t sell us controlling interest, or we just think their shit stinks, we’ll have the capital to short them out of existence. Any competition to the corporations we own gets deleted if they choose not to join us. If they play ball, they can join our “free market”. All we would need to ensure a dominant victory in our little version of “capitalism” is a little help from the media to drive appropriate emotional responses from the public; lean them towards a company or away from it with selective advertising. It’s a good thing our companies already own the local news paper! + +# 2.1.2 The Hanky Panky Poo Poo BlackRock Shuffle + +With HankeyPoo in mind, lets look at a Treemap of percent ownership of a few different investment companies. Lets start with BlackRock, the largest institutional investor in the world. + +When you walk up to the door, BlackRock looks like this: + +&#x200B; + +https://preview.redd.it/bscgrp40r0f71.png?width=600&format=png&auto=webp&s=d660b758307f7bc1674d310b304836efd52a98b7 + +It’s a big, bad ass company, and Larry Fink is the all powerful deity in control of assets worth almost half of America’s GDP. But does Larry own BlackRock? When you look into the actual ownership, the voting rights, equity, etc. it looks like this (from [wallstreetzen](https://www.wallstreetzen.com/stocks/us/nyse/blk/ownership)): + +&#x200B; + +https://preview.redd.it/xn4xc0ezq0f71.png?width=600&format=png&auto=webp&s=1af4747a2baec236de1e57f0d5d194b34cb214a3 + +It looks to me like Merrill Lynch owns BlackRock for the most part. BlackRock only owns 6.5% of BlackRock. Hell, even Vanguard owns more. + +But this is an illusion as Merrill Lynch is a wholly owned subsidiary of Bank of America. So BofA is the real owner of this megamachine. Well, not really, because Bank of America doesn’t own Bank of America. When I add the actual ownership of Merrill Lynch (BofA) into the Treemap it looks like this: + +&#x200B; + +https://preview.redd.it/2f6mcl0yq0f71.png?width=600&format=png&auto=webp&s=7d351316bf45d66271443f8af1c06247bceeada5 + +We see BlackRock actually owns more BlackRock than we thought through ownership of Merrill Lynch. Quite a bit of BR is owned by Berkshire Hathaway. I delved into Berkshire a bit and there are interesting things to say about it, but I won’t discuss it in this report. This apparent ownership is still illusory, since all of the companies other than Merrill Lynch/BofA are also owned by other companies. If I fill out the rest of the Treemap with their ownership it looks like this: + +&#x200B; + +https://preview.redd.it/d6nl01vwq0f71.png?width=600&format=png&auto=webp&s=a117de7ede5d72acb884ebaa59f891efaf35dcc8 + +So here at last is BlackRocks ownership. Except of course its not because each of these companies are also owned by others. If I fill in all of these companies with their ownership it looks like this: + +&#x200B; + +https://preview.redd.it/zv51nkawq0f71.png?width=600&format=png&auto=webp&s=6639f809139077e0406ca8627e1a5e8f846065fc + +As you keep filling in the ownership further and further eventually it gets below the resolution of the screen, or your eye, or the wavelength of light. For a simple example I will show this iterative “actual ownership” replacement for HankeyPoo Inc. + +&#x200B; + +https://preview.redd.it/exkp0bxuq0f71.png?width=830&format=png&auto=webp&s=943475e0ceffae95e8bcfb33b438a3dc7bd5cee3 + +Using this same process for BlackRock it looks something like this: + +&#x200B; + +https://preview.redd.it/vjgejmstq0f71.png?width=600&format=png&auto=webp&s=7011977c49875fe04b880e0f45f83a3423b8fcbe + +Welcome to BlackRock. The name is certainly fitting. In this Treemap the white represents Retail investors, the gray represents non-institutional insider investment (the actual people we think of as "owners") and the black represents the Big Bad megamachine: **Megacorp.** (*Spoiler alert*: it’s not really the Big Bad. We have a ways to go for that reveal.) + +In order to justify this model, I need to justify some of the larger contiguous chunks of black that have no white or gray speckles. These large black areas are due to a few reasons: + +&#x200B; + +1. Some of it is due to an incomplete database for some smaller contributors to Megacorp. +2. Some of it is because my computer pukes on me when I try to force my inefficient Treemap algorithm through it at too great an iteration depth. +3. Some of it is “Other Institutions” that represents either the balance between the top 25 institutional holders and the rest (also all Megacorp), or stock that is tied up in mutual funds (which means the actual institutional ownership of some of the larger institutions may be higher). +4. The rest of it is investment institutions without public stock offerings (Fidelity e.g.). + +1, 2, and 3 add only very small sprinkles and are otherwise irrelevant to the overall map; their lack of inclusion is reasonably justified. A more complete database would produce the same results with a few more small sprinkles mixed in. + +As for 4, that requires further justification. Those black contributions could potentially be all gray for example (100% owned by insiders). Trying to find the real ownership of these non-public companies (like Fidelity) is like trying to pull out your own teeth with your fingers; its slippery, a little painful, you look silly trying, and its ultimately probably impossible. Maybe someone knows exactly where to look for this information, but I do not. + +# 2.2 FMR LLC aka Fidelity (miniboss) + +**TL;DR for section 2.2**: Some of the large black parts of the graph are investment corporations which are not publicly offered and thus do not report who owns their voting stock (that I could find). In this section I investigate Fidelity, one of the largest asset managers in the U.S. and make a case for why the black is justified, not only for Fidelity (the largest contributor by far), but by extension for all private investment institutions. I touch on this private ownership again in section 4 (Citadel). These large black sections should have some gray in them (likely small insider ownership) and sprinkles of white (from the member corporations that make up the real ownership) but are otherwise justified as the black hole that is Megacorp. + +Other than making this case, section 2.2 is not fundamental to the larger picture. + +\----------------------- + +Because Fidelity is one of the largest asset managers in the world, I investigated it a bit when putting together my database to try to make a more accurate map. I will go over my findings briefly (my investigation into this could have been more extensive). + +My core research tool for this investigation is a [Statement of Additional Information](https://www.amegybank.com/content/dam/abt/amegybank/docs/pws/Fidelity%20Statement%20of%20Additional%20Information.pdf) (SAI) from the Fidelity parent company FMR LLC. + +I looked through this source trying to answer the following questions: + +&#x200B; + +1. Who are the primary investors in FMR LLC funds? +2. What rights and influence do institutional investors have over fund management as a portion of the size of their investment in that fund? +3. How much voting stock of FMR LLC is owned by institutions? +4. How much voting stock is owned by “the owners”? + +The first questions are important because a great deal of the over [$10 Trillion dollars](https://www.fidelity.com/about-fidelity/our-company/) in managed assets in FMR LLC subsidiaries are in funds. I looked in the [15 U.S. Code Title 15 – Commerce and Trade](https://www.law.cornell.edu/uscode/text/15), but it was not clear and time is not infinite: there are bigger fish to fry (I did find a juicy tidbit I will disclose later though, so all was not in vain). Fortunately some hints at the answers are found within the SAI itself. + +Page 22: + +>**Fidelity® funds are overseen by different Boards of Trustees**. The funds’ Board oversees Fidelity’s investment-grade bond, money market, asset allocation and certain equity funds, and other Boards oversee Fidelity’s high income and other equity funds. The asset allocation funds may invest in Fidelity® funds that are overseen by such other Boards. **The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee**, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board + +So each fund (or fund group?) is managed separately. Some trustees are listed (starting on page 22). There are both “Interested\*” and “Independent” Trustees. Most of the Trustees are Independent. So what do the *owners* of the actual company called Fidelity do, pick out bathroom towels? + +\* Interested Trustee is defined on page 22 as: + +>Determined to be an “Interested Trustee” by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR. + +The main difference I see looking at the descriptions is the Interested are upper management of FMR and the Independent are not employed by FMR. There are only two Interested listed, and eight Independent. It is unclear which fund this board of Trustees manages. If its “all”, that goes against what is said above about each fund being managed by its own board. Regardless, there are many more on the Board that are not otherwise affiliated with FMR than are. The Independents are also largely affiliated with other members of Megacorp. + +Who owns the voting stock of FMR LLC? According to page 35: + +>FMR LLC, as successor by merger to FMR Corp., is the ultimate parent company of FMR, FMR UK, Fidelity Management & Research (Hong Kong) Limited (FMR H.K.), and Fidelity Management & Research (Japan) Limited (FMR Japan). **The voting common shares of FMR LLC are divided into two series. Series B is held predominantly by members of the Johnson family, including Abigail P. Johnson, directly or through trusts, and is entitled to 49% of the vote on any matter acted upon by the voting common shares. Series A is held predominantly by non-Johnson family member employees of FMR LLC and its affiliates and is entitled to 51% of the vote on any such matter.** The Johnson family group and all other Series B shareholders have entered into a shareholders’ voting agreement under which all Series B shares will be voted in accordance with the majority vote of Series 35 B shares. Under the 1940 Act, **control of a company is presumed where one individual or group of individuals owns more than 25% of the voting securities of that company.** Therefore, through their ownership of voting common shares and the execution of the shareholders’ voting agreement, members of **the Johnson family may be deemed**, under the 1940 Act, to form **a controlling group** with respect to FMR LLC. + +So the Johnson family owns a “predominant” number of Series B stock, which is entitled (in total) to up to 49% of the vote. The majority of voting stock (51%) is the Series A stock, which is held by other entities, notably FMR LLC’s “[affiliates](https://www.investopedia.com/terms/a/affiliate.asp)” (which could be anyone). Note it also says that the Johnson family *may be deemed* to form a controlling group (they “may” have 25% voting stock AND more than anyone else, or they may not). The word “may” is very important. It doesn’t say “shall be deemed”, it says “may be deemed”. In official documents like this, words matter a great deal as I will show with examples in later sections. The word “may,” could be [imperative](https://legal-dictionary.thefreedictionary.com/May), or it could be [permissive](https://www.law.cornell.edu/wex/may); it is ambiguous in this statement without further clarification. + +So is the Johnson family actually a controlling group? This official document does not state that clearly, so it is unknown if they even *control* the company, much less own it. In fact it states they do not own it, owning **at most** 49% of the FMR voting stock (it implies it is less, maybe even a lot less). The statement of ownership of funds within this document makes it clear the Johnsons do not own a majority of any fund either (beginning on page 32). + +If you look at the fund investors list its almost all banks. Banks are 100% Grade AAA pure Megacorp as I will show later. + +This is a small snippet of a fund ownership. Note the “Treasury Portfolio” as it will come into play in later sections. + +&#x200B; + +https://preview.redd.it/6ijf37vn01f71.png?width=814&format=png&auto=webp&s=98d3fc46643de03a3fee16c84963e0baa9ee2205 + +So what do the “owners” of FMR LLC do? (page 35): + +>At present, the primary business activities of FMR LLC and its subsidiaries are: +> +>(i) the provision of investment advisory, management, shareholder, investment information and assistance and certain fiduciary services for individual and institutional investors; + +Give advice and information. + +>(ii) the provision of securities brokerage services; + +Act as a broker. + +>(iii) the management and development of real estate; + +Pick out bathroom towels? + +>(iv) the investment in and operation of a number of emerging businesses. + +Invest in (and operate???) emerging businesses. + +That last may be significant, if rather vague. So I guess the managers do something. It still isn’t perfectly clear how much operational control the managers actually have. It also isn’t clear how easy it is to overrule them if some other entity wishes it; perhaps an entity with possibly even more FMR LLC shares, and/or majority monetary investment “control” of a fund. + +Since the vast majority of FMR LLC monetary control seems to lie in the fund trustees, which seem to be membered by different persons depending on the fund, and are not necessarily controlled by the owners of Fidelity, I think it is safe to assume that FMR LLC is, at least in large part, Megacorp as defined; both in the money invested in the company itself (voting shares), and in ultimate control of much of the assets. I believe the Black on my graph is justified. It should probably have some gray (Johnson Insider), though there is no way to determine how much from the information I have seen so far, and certainly will have no Retail white (as a measure of ownership or control). + +\---------------------------------------- + +**This is not the end of part 1!!!** Stupid 20 image limit killed me. + +Edit6: Superstonk mod approved [part 2 here](https://www.reddit.com/r/Superstonk/comments/ows1a2/will_the_real_gme_bbemg_please_stand_up_cont_part/). We are still not sure why it kept getting deleted. I think it was probably a link that was disapproved by a larger Reddit wide automod (though no one has any idea which link it might be). If there are still problems, there are links to two sources for the pdf in the edits below. + +Edit5: A mod on DDintoGME approved my [second post here](https://www.reddit.com/r/DDintoGME/comments/owrq55/will_the_real_gme_bbemg_please_stand_up_part_1/). Please let me know if it works. Maybe I can get it to work on Superstonk as well. + +Edit: The part 2 post seems to be getting removed for reasons that are unapparent (works perfectly fine for me). I will figure out why and get a working "part 2" link up. In the meantime, [part 2 can be found in the PDF](https://github.com/Slyver12/iterative_treemap_megacorp/blob/main/how_to_take_over_the_world_in_3M_steps_part_1_Finkle_is_Einhorn.pdf) (also linked at the top of the post). Only the intro is different between the pdf and these posts. A few people have said the pdf doesn't fully load for them on github. Most have said it works just fine. It can be downloaded from there as well if you can't get it to fully load. + +Edit2: Please let me know if this [link to part 2](https://www.reddit.com/r/Superstonk/comments/ows1a2/will_the_real_gme_bbemg_please_stand_up_cont_part/) (of part 1). I think the title was the problem (duplicate title?) Please tell me this fixed it! + +Edit3: I've contacted the mods to hopefully figure out why I can't post part 2 (of part 1). If and when they get back to me I will get the link up. In the meantime, please use the pdf hosted on github (linked above). + +Edit4: Here is an [alternate link](https://www.docdroid.net/gUhs7kI/how-to-take-over-the-world-in-3m-easy-steps-part-1-finkle-is-einhorn-pdf) to the pdf since some people are having difficulty viewing it on github. I really hope a mod gets back to me on why part 2 won't post. :( +I remember a high school exercise to write a paper centered around the saying that, "the early bird catches the worm." Since we had the option, some of my mates wrote on, "better late than never." I remember thinking that the latter sounded more like a consolation, and I'd rather be early than consoled. Years later, I still feel the same way! + +Why am I going down memory lane, you might ask? + +Sure, let's talk about it. + +I've been trading meme coins for a little over a month now. By sheer luck, I tend to be a late entrant, getting in after most people have realised major gains. While the thought that an earlier entry could have EASILY tripled my gains hasn't kept me up at night, it's definitely left a bitter taste of regret in my mouth. If you've ever felt that way, don't worry, I'm right there with you. I felt it with Hoge, Safemoon, and the more recent Pitbull, just to name a few. + +Here is where things can change for you and I. + +**$MOON STOP.** + +**MOON STOP** is only 2 days old, with a little over 360 holders and a 40 - 50K market cap. Let me put this into perspective for you. + +\- If you jump on today, at a marketcap of 1 million, you'd have multiplied your initial investment by 20. Yes, 20X. + +\- At 10 million, you'd have multiplied it by 200. That's 200x. + +\- A $1000 invest could easily be $200,000 in a month or less if we reach these heights, and believe me, we will. + +\- If you think these marketcaps are large, Safemoon is at 1 billion currently. + +I don't need a soothsayer to tell you how life changing this could be. + +&#x200B; + +**How to buy Moon Stop:** + +**Pancakeswap**: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x44c928e154d2f8bf41557ac2c93fb398263af0dd) + +**Contract Adress**: 0x44c928e154d2f8bf41557ac2c93fb398263af0dd + +**Poocoin Chart**: [https://poocoin.app/tokens/0x44c928e154d2f8bf41557ac2c93fb398263af0dd](https://poocoin.app/tokens/0x44c928e154d2f8bf41557ac2c93fb398263af0dd) + +**TELEGRAM**: [https://t.me/moonstopcoin](https://t.me/moonstopcoin) 740 members + +**WEBSITE**: [https://www.moonstop.space/](https://www.moonstop.space/) STILL A WORK IN PROGRESS! + +\*\***300 Million** Total Moon Stop Supply\*\* + +\+ 50 Million circulating supply pre-launch (16.6%) + +\+ 30 Million available at Presale (10%) + +\+ 70 Million available at Pancake Launch (23.3%) + +\+ 22 Million already burned + +\+ 30 Million Lottery Distribution REWARDS (10%) + +\+ 20 Million Dev Wallet (6.7%)+ 20 Million Marketing Reserve (6.7%)+ 80 Million Coin Burn Reserve (26.7%) + +&#x200B; + +**COIN BURNS** + +\+ 1 million coins burned at 250k marketcap + +\+ 1 million coins burned at 500k marketcap + +\+ 1 million coins burned at 750k marketcap + +\+ 1 million coins burned at 1M marketcap + +\+ 2 million coins burned at 2M marketcap + +\+ 4 million coins burned at 5M marketcap + +\+ 8 million coins burned at 10M marketcap + +\+ 10 million coins burned at 20M marketcap + +\+ 20 million coins burned at 50M marketcap + +\+ 32 million coins burned at 100M marketcap + +\+ 100k coins burned every 1M after 100M market cap until coin burn reserve is 100% depleted + +**Be early, don't get left behind!** +I plan on getting some rental properties once I have a down payment. I don't wanna be one of those landlords that people hate. + +What makes a good landlord? +https://www.bloomberg.com/news/articles/2020-05-15/millions-in-u-s-living-on-the-edge-waiting-for-jobless-benefits + +Millions of Americans who are owed tens of billions of dollars in unemployment benefits are still waiting to receive the help they have been promised two months after the Covid-19 pandemic unleashed a historic wave of layoffs. + +Even as job losses continue to mount, states that have ramped up staffing and deployed new computer systems are struggling to handle a surge that has seen 36.5 million people -- about one in five American workers -- file for unemployment since mid-March. +On the left, some people, [including on Reddit](https://np.reddit.com/r/changemyview/comments/cxbbgi/cmv_many_proequality_gestures_and_events_are/eykf041/?context=3), claim that Venezuela's economic woes are the result of boycotts, embargoes, sanctions and political destabilization inflicted on them by the USA and its allies. + +On the right, some people claim that the negative [economic effects of Brexit](https://en.wikipedia.org/wiki/Economic_effects_of_Brexit) are due to the EU "inflicting as much pain as possible on the UK to make them regret their vote to leave the EU". One of my coworkers shares this view after visiting the UK. +Hey Everyone! + +What a fucking few days hey? GME closes almost 15% up, streamers that are more interested in their weird tarot card readings than actual data, FUD that we can barely even spot anymore, and an IV increase that is being hidden by a hidden company none of us have even talked about. Wait... what was that last part? Oh yeah haha, another fucking DTCC that we have all neglected or overlooked or just got buried somewhere. Here it is, another banker filled board that oversees ALL OPTION CLEARING DATA. + +No, I am not fucking around - it is stated on their website: + +[https://www.theocc.com/](https://www.theocc.com/) + +The mother fucking OCC. + +https://preview.redd.it/n2mh2lwgkrz61.png?width=1035&format=png&auto=webp&s=1505e0d8779a48ceeaa9797df719a8f203b2200e + +The largest derivatives clearing organization. Stability. Integrity. Overseen by the SEC and CFTC. Major OTC clearing for options. + +Who might want to clear options OTC to maintain a free market that doesn't drown them? + +How about banks and institutions who accepted these giant fucking pile of dog shit option contracts from market makers who are hedging bets and cut off buying/selling in Jan? + +1. **Chairman** \- One of the most influential people in finance (knows Chicago trade and mergers origins). +2. **Managing Director, Head of Americas Asset Management Services, Bank of America** \- Literally still works for BoA, previously Morgan Stanley. What a fucking conflict considering what is currently going on between apes and the fact that BoA holds shares and puts on GME, and we have successfully proved the data is being manipulated (Ill come back to more on manipulation through these guys). +3. **Founding Member** \- Literally has worked for BoA, Goldmans, Morgan Stanley. Probably one of the geniuses behind this since he's the tech guy. +4. **Partner and Head of Market Structure, Wolverine Trading -** DONT THESE GUYS HOLD A VERY LARGE, UNHEDGED PUT POSITION ON GME?!?! WHAT IN THE FLYING FUCK IS GOING ON?! +5. **Executive Vice President & CIO, Interactive Brokers, LLC -** DIDNT THESE GUYS HALT FUCKING TRADING TO GME IN JAN???? WE FUCKING KNOW THEY DID. +6. **Managing Director, General Counsel Department at Credit Suisse Securities (USA) LLC -** Oh another banker overseeing the largest derivatives clearing corp, when the banks are currently going through a liquidity crisis. +7. **Vice Chairman, NASDAQ Inc. -** I actually think the NASDAQ is probably the free and fair market we are looking for. I have no comment. +8. **Chief Strategy Officer, Intercontinental Exchange, Inc.** \- Seriously. This is getting tedious. CSO. ICE which owns NYSE. Oh, and represents them on the DTCC board. Lol fuck me, right? But retail is definitely the problem. +9. **Executive Vice President, Chief Operating Officer, Cboe Global Markets -** No issue with this guy. I actually think the CBOE Bats thing might be beneficial to us. But that is another DD. +10. **Senior Vice President - Head of Product Management for North American Market Services, NASDAQ Inc. -** Ex Goldman-Sachs guy. Obviously. +11. **Senior Vice President - Head of Product Management for North American Market Services, NASDAQ Inc. -** Just another individual investor exchange board member. TD Ameritrade (didn't they do some shady shit?). Anyway. +12. **Chief Regulatory Officer, Intercontinental Exchange & General Counsel, NYSE Group -** Oh look, another ICE/NYSE lawyer, which has let Citadel and friends run the show on the NYSE, especially GME. +13. **Former Financial Executive -** Meh no issues she seems to have been just a hard nosed finance person. Unless someone wants to dig in more, no complaints, just a derivative guru. +14. **Managing Partner, Windham Capital Management Inc. -** Oh look, an ex Bear Sterns **PRESIDENT**. Curious how he made out after the crash and I would be even more curious about his insider trading reports for Bear. +15. **Chairman, Risk Committee, Kepos Capital LP -** Oh look, an ex Goldman Sachs partner. Again... +16. **General Counsel, Citadel Securities -** My fucking favorite board member on the list. This is pretty much self explanatory. Oh, and a FINRA grad. +17. **Co-founder and Chief Executive Officer of DASH Financial Technologies -** Meh. Nothing crazy. Has a vested interest in OTC markets for large institutions. +18. **Managing Director and Global Head of CCP Strategy and Resource Optimization, Morgan Stanley -** Literally works at Morgan Stanley +19. **Economist -** Ex Federal Reserve person. Regulated OTC derivatives market. + +[https://www.theocc.com/Company-Information/Board-of-Directors](https://www.theocc.com/Company-Information/Board-of-Directors) + +There you go. That is the start of how the system has be built to keep the wealthy, well, wealthy. And what I am going to conclude from the next bit should really show how they're bending the fucking rules to make sure this doesn't cause too much of a ripple (in my opinion - this is how I cope in case they decide to fuck it all over again and say "well retards it went to $x is that not enough? Greedy apes"). + +I said once, derivatives and options surrounding GME have become the main issue. This is how they are balancing their books to avoid margin calls through their lenders (I.E. Goldmans, Morgan, BoA, get the idea here of *how and why*?) They are purposefully changing the math, and I think I can prove it, right now. + + **NYSE OPTIONS CONTRACTS** + +I found the mapping data for the NYSEArca contracts and it has some interesting data. They don't even consolidate the option data until 5pm the next business day. Which means it is 100% probable that the OTC trades take over for deals to settle option contracts for large financial institutions the next day. And the lights are most likely on because they are making phone call after phone call trying to run their quants and figure out what they can trade for some moon tickets. This means that these guys are trading on the back end, in bulk, being overseen by our new favorite board of bankers and lawyers. + +[https://ftp.nyse.com/](https://ftp.nyse.com/) + +&#x200B; + +https://preview.redd.it/r0c51cybxrz61.png?width=651&format=png&auto=webp&s=09ed8102c962ab2f04b243d4244b6ec5fa76e35d + +Ive been cross referencing the ArcaAmex data with the OCC data, because on OCC you can actually check option data (which seems awesome because you would think the main derivative clearing corp would have up to date info). And there is definitely some weird data coming from the OCC. + +&#x200B; + +https://preview.redd.it/6hkc2jbfyrz61.png?width=297&format=png&auto=webp&s=c437168f9d1cad8b2663d52847586eda0a97db92 + +0 OI for GME May 14 Calls (all in the money in this case). + +0 OI for GME May 14 Puts (all in the money). + +Ok but ok. Maybe they dont update it. But the May 21 Calls are there... + +&#x200B; + +https://preview.redd.it/mat2h8ltyrz61.png?width=307&format=png&auto=webp&s=52f3d526485cd19469ff1d87056c56309f5df70c + +Ok... And before you say these arent sourced from everywhere: + +&#x200B; + +https://preview.redd.it/qqluvrv2zrz61.png?width=954&format=png&auto=webp&s=65e87312e800ff73309689899b93f3efaed9cd71 + +The info is here [https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Search?symbol=gme&symbolType=Options](https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Search?symbol=gme&symbolType=Options) + +These should literally be updated daily. And depending on who's buying and paying attention, there should definitely be some movement. But anyway, lets go look at TODAYS data for May 21 GME options, through the company that OCC links all their derivative data through. + +[https://oic.ivolatility.com/oic\_adv\_options.j;jsessionid=a-dh\_HwzV6lh](https://oic.ivolatility.com/oic_adv_options.j;jsessionid=a-dh_HwzV6lh) + +&#x200B; + +https://preview.redd.it/iwi1zukvzrz61.png?width=1905&format=png&auto=webp&s=a5d5a158b26d1831c2170a8ecc8fb48fa8a2db88 + +Notice anything weird about the IV? And the cost of the option vs the strike price? Literally the Deep In The Money calls mean worth is the exact same cost as a share. And we know that everything about "free and fair market" in the last little while has been about "taking the best average cost at market value for our clients" (my broker touts this - I assume most do). + +And the IV is significantly lower than what other sources are saying. Barchart has $10 calls at 1600% IV, yahoo same thing. Odd that this data is almost purposefully deflating the IV of GME, considering after the last massive increase in IV was Jan. No, seriously: + +&#x200B; + +https://preview.redd.it/6ro04put0sz61.png?width=547&format=png&auto=webp&s=5a1e601fc6c657a49ec675ced38e8852f81917ed + +And if we go back to the NYSE Arca data, the consolidated short interest changes with how many shares are short as well. Check this out, I am only going to go to the end of Jan because there is a ton of data, but maybe Ill do the rest after to prove their algo is betting against retail. Because they only changed it once WSB reallyyy started to get into GME mid January. And they didn't expect the upward buy pressure, so they manipulated the market through the OCC to make this work in their favor. + +&#x200B; + +https://preview.redd.it/cjoc7rzc4sz61.png?width=562&format=png&auto=webp&s=2b3635a3b7388c689b51820f2ec251819e3b6380 + +**The short volume literally started to MIMIC THE FUCKING BUY VOLUME AFTER MID JAN. HOLY FUCKING PYRAMID SCHEME BATMAN.** + +I said it before, and I personally think this definitively concludes that the banks, shitadel and other hedge funds, and the regulatory bodies like the OCC are working against us through algos, reddit scraping, and OTC. Thanks for attending the fucking TedTalk. I hope we can all buy and hold more. Not financial advice. Just an ape who wants tendies from these people who have made a fortune off our hard work and lower class lifestyle. Buckle up hodl, and dont forget your hellmits. + +&#x200B; + +https://preview.redd.it/suvwgwjq5sz61.png?width=487&format=png&auto=webp&s=35219ddfceb080e409f2bf4cd0790476d237d3ca + +References: + +1. [https://ftp.nyse.com/](https://ftp.nyse.com/) +2. [https://www.theocc.com/](https://www.theocc.com/) +3. [https://www.theocc.com/Company-Information/Board-of-Directors](https://www.theocc.com/Company-Information/Board-of-Directors) +4. [https://oic.ivolatility.com/oic\_adv\_options.j;jsessionid=a-dh\_HwzV6lh](https://oic.ivolatility.com/oic_adv_options.j;jsessionid=a-dh_HwzV6lh) +5. [https://www.barchart.com/stocks/quotes/GME/options?moneyness=allRows](https://www.barchart.com/stocks/quotes/GME/options?moneyness=allRows) +6. Oh and the fucking terminal drops. +Hi everyone! + +I’m 18, and wanted to post about my current dividend income portfolio and get your feedback. I want to be able to retire by 45 and be able to live off of my dividends, as well as any other source of income I create for myself. For the past few weeks I’ve been making a diversified portfolio made up of REITs, ETFs, individual stocks, and BDCs; I made 2 separate pies to divide these, with one containing lower yield but higher capital appreciation and dividend gain, such as KO, WM, VISA, and the other with the higher yield, such as JEPI, NUSI, O. I have a 65/35 split, with the higher yield side being 65 and the lower yield being 35. The current yield on this portfolio is 4.59% and I plan to dollar cost average at least 500 a month, and I’m convincing my girlfriend to do the same thing so we can both have dividend income portfolios. + +Is this a good investment strategy, and if not, what can I do to improve my strategy? + +Thank you all! + +Edit: After taking everyone’s comments into consideration I’ve decided to lean a lot more towards higher growth rather than aggressive dividend yields. I’m gonna post my M1 portfolio for if anyone wants to take a look at it and I’d be really happy if I could get some feedback on it! Thank you all for your help, you’ve all been really amazing and this makes me really happy that I was able to find such a positive community based on investing. https://m1.finance/UQWhph8JIyho +Sorry if this doesn't fit in the subreddit but I have no idea where to post. + +A school bus crashed my parked car while making a turn on a tiny street. + +The driver stopped, the kids were alright, the police showed up, the officer made a report stating the bus driver was clearly at fault, a school district representative told me to call the transportation department and that they would take care of me. + + +In my mind, this should be taken care by insurance so I called my insurance and they told me that I could either file a claim through them and they would work the the transportation department and collect what they give but they would put in their file that I filed a claim and it would be on my history for the next five years. They said I'd be better off calling the transportation department myself and working with their insurance. + +Family has advised that our insurance is trying to not do their job and make me do all the legwork. It does seem that way but I also don't want to have my rates go up because I filed something. + +Should I file the claim through my insurance and let them handle it, biting the bullet on having the claim on my history, or should I do the legwork myself and work with the city transportation department? + +Thanks in advance for any input! +Am I the only one who cares about this? I tweet this every day, I submitted the question like 5 times in 5 different formats, it didn't get asked and no one is paying attention to this. MAKE SOME NOISE WTF don't let wall street rob our Retirees!! +What do you think are the worst jobs? + +My mother was once a factory worker and the hours were brutal. Minimal pay, long hours, hard and repetitive manual labour, working basically like a robot. Of course, a job like that you could probably do for 1-2 years but in the long term it is not sustainable or at least that's how I feel. I also feel like working in retail or hospitality is something I could never do either but again I've got friends who have mixed feelings about this. + +Contrast this to your average 9-5 office admin job and you will be grateful for what you have. + +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! + +If you had the ability to design a tax system for the United States, what types of taxes would you use? Which methods of taxation would bring in the most revenue? +Many strategies recommend 30-45 DTE (e.g. tasty trades). However, the same people almost always recommend closing the trades early. What's the point of trying to maximize theta decay if we close trades early? If theta decay is the fastest dueing the last week, won't closing early be counter intuitive? +The Marxist idea that the sole source that can produce value is labour seems to have been discredited by most modern economists. The question is what led to this and what theory has replaced it in the economic paradigm? +Not new news as I saw it posted yesterday. However, I was thinking last night how quickly they decided to close the doors or come out and say they are withdrawing from short-selling activities AFTER the DOJ has announced they are investigating. + +Oh boy, you have to wonder how many shares are floating around that they just created hoping to magically make them vanish via bankruptcy. + +Headlines the same week the US launches criminal probe into short selling by hedge funds. *The United States Department of Justice is digging into how hedge funds tap into research and set up their bets.* + +**Tybourne Capital Management** is following Landston Partners in withdrawing from short-selling activities, one of the hallmarks of hedge funds. Tybourne to Shut $2.8 Billion Hedge Fund + +* Tybourne Capital will return fund money over coming months +* It will focus on long-only and private investment funds. + +Hedge Fund **Athanor Capital** Will Return Client Cash in Move to Family Office + +**Anchorage Capital** to Close $7.4 Billion Hedge Fund as Ulrich Era Ends. + +* Anchorage Capital is said to be shutting down its flagship hedge fund and returning money to investors. +* Anchorage Capital, run by CEO Kevin Ulrich, is known for managing investments in credit, special situations and illiquid opportunities in North America and Europe. The bigger entity Anchorage Capital Group LLC is said to have an AUM of about $28B as of May 2021, Bloomberg reported at the time. +Hi everyone. What are you doing currently with your investments? Are you selling, holding, buying ans if so - what? What are your expectations and plans? Is there a particular stock worth buying right now in these conditions? What's the best hedge for inflation? Thanks. +https://www.bbc.com/news/amp/business-54012055?__twitter_impression=true + +Seems like Pret are making some drastic moves to claw back business given the WFH shift - thoughts? I wonder if any other big names will be following suit with similar attempts soon? + +Obviously this is quite a gimmicky offer to draw people back through the door, but I can't help but think it's a pretty good deal if you're someone who gets takeaway coffees regularly (the article states you can get up to 5 coffees every day of the week for £20 per month). + +I feel like 'the price of a takeaway coffee' is often used as a unit of measurement for a small expense that can quickly add up when you get it regularly, and is a pretty common metaphor for encouraging saving (make your own coffee and watch the pounds roll in etc)... Maybe this will be the end of that?! +This time last year, I didn’t even know about the FIRE movement. I was someone who naturally lived below their means and saved what was left over. + +Then, I stumbled upon the FI subreddit(s). I started paying more attention to how my assets were balanced and made sure I was properly using tax advantage accounts. I am very happy to have discovered and utilized this valuable information. + +I always thought I could retire early, or at least very comfortably. But now, I have a number and a spreadsheet that tracks it. I can’t stop thinking about when I can retire and how I am going to get there. I keep playing with spreadsheet, toying with: What if I save more now? What if I spend less in retirement? Could I afford to retire even earlier? I keep reading debates about investment strategy and safe withdrawal rates. It’s consuming me. + +I was attracted to the idea of financial independence because I didn’t want money to be a concern in my day to day life. But now I am thinking about it more than I ever have. + +I am certain I have the knowledge and discipline not to react to short-term market fluctuations. So, why do I insist on checking the DJIA every day? Why do I keep checking my net-worth on Mint? + +How do I get back to the mode of simply spending less than I make, letting my automatic investments do their thing and not obsessing over my account balances? +Is it because of the spin-off of VMWare or is it really just undervalued? + +It's currently at $94bln in revenue with an approx. average historical revenue growth rate of 13.56% YoY with rising gross margins of 16.5% in FY 2016 to 31.2% in FY 2021. + +This is a really obvious buy, some might point out to operating margins being low, but I'll object to the reason why they're currently low is because of growth (If you factor in operating margin's growth, we could expect a reasonable 10%\~ operating margin for the company) + +Basically, a growing company, that should trade at multiples of growth stock, trading at stupidly cheap levels. + +Not only that, but they're oozing Free Cash Flow for the past 4 years. + +Average FCF margins for the past 5 years (+TTM) is **7%** and this is on MARGINS. + +If we look at FCF yield (FCF/MARKET CAP) + +Average FCF yield for the past 5 years + TTM also is at **17%!** + +If you'd like to look at the FCF yield's growth aspect, from **FY 2017**, **FCF yield as 3%** while right now at **FY 2021**, we're seeing a **21% FCF yield** which is beyond crazy as to why DELL is trading at less than 1 P/S when it's FCF margins are at 10%! + +&#x200B; + +**What gives? Could it be because of the VMWare spin off?** + +**\[Note: I don't track Dell stock press release or news so give my take with a grain of salt as I only looked at the financial metrics\]** +Hey guys, + +I have recently been approved as a new moderator to this sub.I am glad to be a part of the team and I look forward to growing the sub and improving it as much as possible. I am currently working on a new Wiki for everyones benefit, and I plan on continually adding to this and growing it over the next few weeks and months.I would gladly accept any suggestions or contributions to the wiki or to the sub in general. + +&#x200B; + +I would like to get an overview of who the main members of the subreddit are.If everyone could leave a brief outline of their trading background, an introduction to them, and what they would like to gain from this sub, or what they would like to see happen here, then I would greatly appreciate it. + +&#x200B; + +This will hopefully be my first post of many. + +To the future... + + Yours truly, + + NathMclovin! +We bring you YOSHI TOKEN, the ‘’ticket stub’’ deflationary fan token dedicated to retro gaming within DeFi, with ambitions to create the first decentralised arcade system on the Binance Smart Chain. + +&#x200B; + +YOSHI TOKEN is a bsc gaming token optimised for use as a "ticket stub" for a soon to come online retro gaming platform. Live events, tournaments and prize booths. Community contributions to this old school gaming platform is encouraged and rewarded. + +&#x200B; + + ⁃ Great use case, will create a retro arcade DAPP system and also a retro game fan community within the DEFI space. + + ⁃ Experienced devs from successful projects. + + ⁃ Just launched so easy 100 x from here! + + ⁃ Aims to build a strong community token with good utility! + +&#x200B; + +🌐Contract address- + +0xe82b992dc7f1633b5063a409c8ca362e16766233 + +&#x200B; + +🧳BscScan: [https://bscscan.com/address/0xe82b992dc7f1633b5063a409c8ca362e16766233](https://bscscan.com/address/0xe82b992dc7f1633b5063a409c8ca362e16766233) + +&#x200B; + +📲 Telegram - [https://t.me/yoshitokenbsc](https://t.me/yoshitokenbsc) + +&#x200B; + +Original supply - 1000000000000 (1 TRILLION) + +&#x200B; + +🔐Liquidity - Locked on launch! + +&#x200B; + +🔥3% burn + +♻️3% redistribution to holders +So, I have some existing health issues, that I've had since birth. Technically I could probably get disability etc. but despite the seriousness of the condition, it has personally never affected me the way that it typically affects others with my conditions. Because of this, and because I never have had disability or restrictions on what I could do for work, I've never put it down when applying for jobs. + +Currently, I have just (last week) started a job that was very hard to get into, and is the first "real" job I've ever had. Pays very well, things like that. Problem is, a week before I started, I began having some issues/abnormalities with my condition. I called to make a doctors appointment while at work last week, told the nurse some of my symptoms and why I was making the appointment, and was told to go to an ER immediately. So I had to leave work a bit early, I informed everyone of what's going on, and being a real real job it was fine. It wasn't like when I worked in service industries or retail where it was basically, leave early or call off and you're gonna get fired. + +So my boss tells me "take as much time off as you need". Well, cardiologist calls me today, wants me to come in, and then also wants to make an appointment for tomorrow as well, but the only hours they can do anything, ever, are my work hours. The problem is, I don't have insurance, I don't have money. If I take time off work I will continue not having money and despite what was said, when I hear "take as much time off as you need" what I hear is "yeah you can have as much time as you need, because if you don't come in you're fucking fired" because that is literally all I have ever known and I'm stressed the fuck out. Being poor is so damn traumatizing every second of every day. Even when you finally do get an opportunity or move up, you're constantly waiting for it to get absolutely ripped away at every single turn. +Lets make a few things clear. + +First of all, market bubbles don't last weeks. Dotcom lasted 3 years and had a market cap of 2 trillion dollars, ONLY coming from the stock market. Crypto is open to everyone, all around the world (not just the United States) and is much easier to invest in than the stock market for the average Joe. + +The hype started about 5 weeks ago. Yes we had good news from the EEA, but that alone won't create hyper speculation- which hasn't started YET. There are events that are coming that will definitely bring us above the 1000$ per ETH price. Events such as Raiden, Metropolis, Sharding, more ICOs, countries actually starting to produce their own cryptos and much much more that we are not aware yet. Once we surpass btc market cap, a lot of capital will pour in thanks to media hype and much more. The bubble will only start when we become as popular as bitcoin to the average citizen. You can compare google graphs and see by yourself that we are not close to the same hype that bitcoin has gotten from the previous years. + +Beside, we have much much more fundamentals than any other crypto. Don't forget that ethereum is not a stock issuing company, so the price per ether is not valued depending on how much money Ethereum generates or by how much it will generate, its a completely new concept that we have yet to adapt to. This is not the US stock market, this is international. So a 1-2 trillion market cap for crypto is not only "possible" but even probable. Hell, we are only 40k subs in ethtrader and the hype is only starting yet. Be patient ans you won't regret. + +This is coming from somebody who has been through the 2013 bitcoin crash- and everything is different now. + +To add, yes there will be corrections, don't get me wrong. It's possible and hell, even NORMAL, to see 20-30% corrections in crypto but it's also easy to get back to previous levels. All in all, the demand for ether is only projected to increase in the following months. So be smart, don't panic, stay rational and enjoy this opportunity. Take sometime off the screen once in a while and think about other things. + +This is addressing to the newer people in crypto especially +Hello, after seeing multiple people's posts in this sub unaware that if your hours are reduced or if you have to self-quarantine, you may still qualify for unemployment, I've gone ahead and found every single state's unemployment website including any specific measures taken in light of the pandemic. + +[Alabama:](https://www.labor.alabama.gov/COVID-19%20UC%20Changes%20March%2016%202020%20News%20Release.pdf) Search for work requirement waived. + +[Alaska](http://doa.alaska.gov/dop/directorsOffice/covid19/) + +[Arizona](https://des.az.gov/services/coronavirus) + +[Arkansas:](https://www.thv11.com/article/news/health/coronavirus/arkansas-to-make-it-easier-to-apply-for-unemployment/91-7bc702a3-5c43-4f20-9bb1-be55633f252a) No waiting period to be approved. + +[California:](https://www.kqed.org/news/11806938/how-to-file-for-unemployment-in-california-during-the-coronavirus-pandemic)No waiting period, and if you're sick you can apply for disability payments immediately. + +[Colorado:](https://www.thedenverchannel.com/news/coronavirus/colorado-workers-affected-by-covid-19-closures-eligible-for-assistance) Reduced hours qualify, requirement to search for work waived. + +[Connecticut](http://www.ctdol.state.ct.us/UI-online/unemployedduetocoronavirus%20.pdf) + +[Delaware:](https://news.delaware.gov/2020/03/17/the-delaware-department-of-labor-expands-unemployment-benefits-to-workers-affected-by-the-covid-19-pandemic/)Caretakers and parents qualify, quarantined individuals qualify. + +[Florida](https://www.wctv.tv/content/news/Governor--Florida-workers-need-immediate-economic-relief-568874841.html) + +[Georgia:](https://dol.georgia.gov/blog/new-information-filing-unemployment-partial-claims-and-reemployment-services)Reduced hours qualify, no in person filing requirements. + +[Hawaii:](https://labor.hawaii.gov/blog/category/news/)Waiting period waived. + +[Idaho](https://labor.idaho.gov/dnn) + +[Illinois:](https://www2.illinois.gov/ides/Pages/COVID-19-and-Unemployment-Benefits.aspx)Requirement to search for work waived. + +[Indiana](https://www.in.gov/dwd/19.htm) + +[Iowa:](https://www.iowaworkforcedevelopment.gov/updates-and-resources-about-covid-19)Reduced hours qualify, caretakers qualify + +[Kansas](https://www.getkansasbenefits.gov/NewsAndUpdates.aspx?NewsID=77) + +[Kentucky:](https://www.wlky.com/article/unemployment-waiting-period-to-be-waived-in-kentucky-covid19-coronavirus/31665692)Waiting period waived. + +[Louisiana](http://www.laworks.net/PublicRelations/COVID_19_Information.asp) + +[Maine:](https://www.maine.gov/labor/covid19/) New legislation to expand unemployment currently pending, file now! + +[Maryland](https://www.dllr.state.md.us/employment/uicovidfaqs.shtml) + +[Massachusetts:](https://www.mass.gov/resource/information-on-unemployment-and-coronavirus-covid-19)Waiting period waived + +[Michigan:](https://www.michigan.gov/coronavirus/0,9753,7-406-98163-521770--,00.html)Includes parents and caretakers, work search requirements waived, benefit length extended. + +[Minnesota:](https://www.uimn.org/applicants/needtoknow/news-updates/covid-19.jsp)Includes parents and caretakers, includes people quarantined or exposed. + +[Mississippi](https://mdes.ms.gov/news/2020/03/13/novel-coronavirus-covid-19-response/) + +[Missouri:](https://labor.mo.gov/coronavirus)Work search requirements waived. + +[Montana:](http://www.dli.mt.gov/employer-covid-19-faq) Caretakers and quarantined individuals included. + +[Nebraska:](https://governor.nebraska.gov/press/gov-ricketts-issues-executive-order-loosen-unemployment-insurance-eligibility-requirements)Work search requirement waived, waiting period waived. + +[Nevada](http://ui.nv.gov/css.html) + +[New Hampshire:](https://www.nhes.nh.gov/)Waiting period waived, expanded qualifiers + +[New Jersey:](https://www.nj.gov/labor/worker-protections/earnedsick/covid.shtml)This state actually has earned sick leave through the state you can claim if you are quarantined or sick. + +[New Mexico:](https://www.dws.state.nm.us/COVID-19-Info)Reduced hours qualify, quarantined individuals qualify + +[New York:](https://labor.ny.gov/unemploymentassistance.shtm)Waiting period waived. + +[North Carolina:](https://des.nc.gov/apply-unemployment)Waiting period waived, job search requirement waived, in-person requirements waived. + +[North Dakota](https://www.jobsnd.com/news/dealing-covid-19) + +[Ohio:](http://jfs.ohio.gov/ouio/CoronavirusAndUI.stm)Quarantined workers qualify, waiting period waived. + +[Oklahoma](https://www.ok.gov/oesc/Claimants/) + +[Oregon](https://www.oregon.gov/employ/Pages/COVID-19.aspx) + +[Pennsylvania:](https://www.uc.pa.gov/Pages/covid19.aspx) Waiting period waived, search for work requirements waived. + +[Rhode Island:](http://www.dlt.state.ri.us/pdfs/COVID-19%20Workplace%20Fact%20Sheet.pdf)Waiting period waived, quarantined individuals qualify. + +[South Carolina:](https://dew.sc.gov/)Waiting period waived, job search requirements waived. + +[South Dakota:](https://dlr.sd.gov/ra/covid_19_ra_eligibility.aspx)Quarantined and sick individuals still eligible. + +[Tennessee](https://www.tn.gov/workforce/general-resources/news/2020/3/11/information-about-tn-ui-benefits-and-coronavirus.html) + +[Texas](https://www.tdi.texas.gov/wc/information/coronavirus.html) + +[Utah](https://jobs.utah.gov/covid19/) + +[Vermont:](https://labor.vermont.gov/covid19/covid-19-frequently-asked-questions)Quarantined individuals qualify. Earned sick leave is also an option for those who contract Covid-19. + +[Virginia:](https://www.governor.virginia.gov/media/governorvirginiagov/governor-of-virginia/pdf/Frequently-Asked-Questions-from-Workers-Regarding-COVID-19.pdf) Waiting period waived. Fewer restrictions. + +[Washington State:](https://esd.wa.gov/newsroom/covid-19) Paid family and medical leave, benefits for reduced hours. + +[West Virginia](https://workforcewv.org/unemployment) + +[Wisconsin:](https://dwd.wisconsin.gov/covid19/public/ui.htm)Work search requirements waived. Waiting period waived. + +[Wyoming](http://www.wyomingworkforce.org/workers/ui/) + +If your state has not expanded unemployment, please consider the following: + +* APPLY ANYWAY - the number of applicants may force the government to take action to deal with the financial burden in their state. + +* Contact your Governor's Office and request that he take action + +* Contact your state representatives (state government, not federal) and ask that they take action to push the governor + +* REMEMBER THIS at voting time next election if your state refuses to take action and vote in your state elections, not just the federal ones. + +I won't be able to keep up with any legislation changes on a state by state basis, it's just too much for me and I'm still (thankfully) working full-time, so I've tried my best to link to pages that should update if things change. Check your state government's website frequently for social programs started or expanded to help, including SNAP/WIC/TANF benefits, or disability benefits if you get sick. + +Edited to add: Thank you for all your nice comments. And thank you for pointing out I forgot Virginia, sorry about that, I had a long list! I also fixed South Carolina's link +Don't get me wrong, but I am seeing a lot of hype around the standstill agreement of Ryan Cohen -- yes, it did expire today, but I don't expect him to suddenly start acting differently. His silence has been a very effective weapon in combatting the financial terrorists. + +We're in this together.. I am equally hoping for another huge announcement, MOASS, the moon, and so on.. but let's the best way to stay sane is not to expect anything big, hodl, and continue to DRS. + +&#x200B; + +TD;DR: buy, hodl, DRS. Hold on to your tits. (not financial advice) +I'm 37 and everything feels very vanilla to me. I'm unhappy in my job, I feel out of place in it. It's paying me 120k a year for 40 hours a week with great benefits. It's unfulfilling, stressful, and unrewarding. I'm debt free, house paid off, under 10 years to FIRE, paid off cars, healthy family, good work/life balance in terms of time off... but damnit, I'm feeling a lot of despair. I wonder if it's because my biggest goal is just a matter of time and beyond my control. Paying off the mortgage, cars, cutting spending, enjoying not buying things, having free time, I have all those things, all those goals are met. I can't shake this feeling of restlessness and even fear about FIRE because that means I'm going to be older and might have just 'gotten by' until FIRE which concerns me. I'd like some meaning in my life but working and waiting until fire are not that meaningful like I thought they'd be. + +From the outside looking in, I'm living the dream of so many people when it comes to status in the middle class and the fact that I'm feeling down makes me feel even *more* down because I think to myself that I'm acting like a spoiled brat, that I should just shut the hell up and be thankful I have a job at all and not think about meaning in work. + +Thoughts? Anyone else experience this? Anyone feel the need to call me a spoiled child? :) + +EDIT: Wow, so many great replies. I need some time to read them and want thank everyone contributing to this conversation!! The few I've read have been really information and even uplifting. + +&#x200B; +Ethereum address: https://etherscan.io/address/0x664638c364299bbd343d07d7ad0c89df7a339198#tokentxns + +I've been watching this address for a few weeks now and it just had it's first transaction in over 12 days immediately following Ryan Cohen's latest tweet. This is speculative but I really don't believe that to be a coincidence and I believe it could be related to a dividend or moving their shares to another depository. [Each share has a value of $0.001](https://news.gamestop.com/static-files/4ef3fc60-b489-42e3-9436-1c6f55c772fa) in the current depository and this address has had $47794.77773(enough to represent 47.7mil shares) pass through it, roughly $25k more would be enough to represent every outstanding share. I've posted this address a few times in comments but feel it needs more eyes, especially with it's latest transaction being so close to Ryan Cohen's latest tweet. + +|date|amount| +:--|:--| +|7/28/21|5,084.306187| +|7/15/21|3,374.754044| +|7/15/21|19| +|6/27/21|7,173.55795| +|6/23/21|10,594.888128| +|4/26/21|21,548.271421| +|total|47794.77773| + +edit: Something I just noticed, look at the last two transfers $3,374 and $5,084. GameStop's last two ATM offerings were [3,500,000 shares](https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program) and [5,000,000 shares](https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0) which would be pretty close to those two transactions when valued at $0.001 a share. Those two transactions add up to $8,459, only ~~$51~~ $41(thank you u/Ben_Dersgrate) off from being able to represent both offerings at a $0.001 valuation. + +edit 2: Put on extra tinfoil for this as it's most likely me going too deep into the foil. If you start a Fibonacci like sequence from the $3.3k transaction working backwards, the transactions add up pretty close to the transaction value before them. Because of this, I am theorizing this might work the other way and possibly be able to deduce what the next two values will be. Doing so and then summing all of the numbers adds up to $73,152, which comes way pretty damn close to the 74.38mil($74,380 @ $0.001/share) that FINRA and Yahoo report as being the shares outstanding. I might be too deep into the tinfoil to see the forest at this point and it's wild speculation, but I guess we'll see when the next transaction comes in, whenever that is. + +>! +|date|amount|| +:--|:--|:--| +|hypothetical|16,918.120462|(8,459.060231 + 5,084.306187)| +|hypothetical|8,459.060231|(5,084.306187 + 3,374.754044)| +|7/28/21|5,084.306187|| +|7/15/21|3,374.754044|| +|7/15/21|19|| +|6/27/21|7,173.55795|| +|6/23/21|10,594.888128|(7,173.55795 + 3,374.754044 = **10,548.311994**)| +|4/26/21|21,548.271421|(10,594.888128 + **10,548.311994** = 21,143.200122)| +|new total|73,152.958423||!> +Grind Gold ($GRD) Token - first grind, then gold. + +This is a newly launched token with only 300k marketcap. Transparent dev team with ambitious goals to create an AI-enhanced crypto exchange. + +Bots with 10% of supply have already dumped their tokens = huge opportunity to get in at 25% the ATH and risk greatly lowered. + +Dev will dox at 4K Holders! + + +Tokenomics: + +​ + + $GRIND will be listed on Pancakeswap (V2) + +​ + + 5% of each transaction goes to holders + +​ + + 3% back into liquidity + +​ + + Contract verified, ownership has been renounced, and LP has been burned. + +​ + + LINKS and useful info : + +​ + + Total Supply: 1,000,000,000,000,000 GRIND + +​ + + Burned: 50% + +​ + + Max Purchase: 5 Trillion + +​ + + Fee: 8% total; 5% to holders and 3% back into liquidity (Burned Forever) + + +​ Contract: 0xe4582640c1c41d03036e5bfbed2f4bb5830f1c1c + 50% supply burned: https://bscscan.com/token/0xe4582640c1c41d03036e5bfbed2f4bb5830f1c1c?a=0x000000000000000000000000000000000000dead + BSC SCAN: [https://bscscan.com/token/0xe4582640c1c41d03036e5bfbed2f4bb5830f1c1c](https://bscscan.com/token/0xe4582640c1c41d03036e5bfbed2f4bb5830f1c1c) + Telegram: [https://t.me/grindtoken] + Website: https://grind.gold/ +I (Buyer) want to cancel an offer to purchase but Seller refused to return the earnest money deposit ($5k). Please help. + +My plan was to purchase a home in Georgia as my primary residence, stay there for a couple of years then rent it out. I have an offer accepted on Monday 6/13 and the property has been listed as "**HOA Rent Restrictions: No**". In fact, Seller has rented out the property in 2020-22. So I went ahead submitting my loan application and it was approved and rate locked. + +Today, I received a letter from HOA saying that there's leasing restrictions ("**there is a Leasing Cap Amendment applicable to this property** ... "), so I informed the Seller that I need to back out from my offer and want my earnest money back. Seller refused. + +I worry about the leasing cap. If I couldn't rent the property out when I need to, I will have to pay mortgage+property taxes+utilities ($30k per year) for a few years while waiting to lease it. + +So, what are my options given the situation? I believe Seller has lied on HOA rental restrictions when they listed the property. Is there any chance I could have my earnest money back? + +Edit: Could someone recommend a real estate litigator at Atlanta, Georgia who can issue a demand letter for this issue? + +**Update 6/21: I'd like to appeal to have this thread reopened as my experience would be immensely helpful for new RE investors in this subreddit, and I'm deeply grateful for all your support.** + +**Today, I formally emailed the seller and the seller's agent pointing out they engaged in fraud by misrepresenting the HOA Rent Restrictions. I included a proof of evidence and asked my earnest money back. They totally ignored my request.** + +**Here's the response from the Seller's agent: "***... the cap has not been met yet. hence it is available for rent. This property was rented before as well for one year.***" The Seller's agent then re-listed the property with a price cut of $5k (= my deposit).** + +**I'm relocating from Florida to Atlanta, Georgia so I'd really appreciate it if you could send me the contact of an RE attorney at Georgia. Any suggestions are welcome. Please DM me If you have any thoughts or inputs.** +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/). +There's a ton of fake coins floating around right now. + +The tokens are created, then the "dev" and their team buy a large quantity at near 0 price. They then jump onto social media... twitter, 4chan, telegram, facebook, reddit, etc and generate hype around their own coin. + +People like you and me read this and feel warm and fuzzy about how this coin is about to rocket to the moon. Theres a community behind it after all. We're all gonna be millionares!! "I cannot afford to miss this opportunity!" 1000x gainz are promised. 🚀 They even have the coin listed on Coingecko and have a roadmap on their website. Donations, staking, locked liquidity and NFT too? Omg this is the next biggest token!! + +People across the world start buying into this fake coin, and once the money is in the coin the "dev" and their many team members withdrawal the money that YOU put in. They're the ones who were sitting on this coin with this plan before you arrived, at a price that was 10 times less than before everyone pumped money into it. + +If you look at the hyped posts and the profiles of many who comment you'll see for yourself how made up their stories of this coin going to the moon actually sound and how these accounts are setup for only the task of generating traffic to the coin. these guys have started doing this months ago... their accounts are many months old. Some of them delete the posts once the coin tanks. They're all part of these groups with the same purpose. Some of them point to a no-name developer in another country. + +The huge drops in price that you see on these new coins are not natural corrections. They're scammers taking your money as their profit. + +This organized criminal behavior is responsible for thousands dollars of individual people's money. Millions in total!!💲 Up vote this post for awareness. Don't fall for it. ‼️ + + +Edit: awwh, thanks for the awards. I don't know what they do but it's much appreciated. +Why is this not being talked about? DRS is a really good thing, but an upcoming catalyst for gme to moon is a market crash. +When the short hedge funds default, they will have to close ALL positions. Including their over exposed short positions. +The market crash is already started to happen. Remember when burry said "it's starting" last week + +J.p. Morgan is preparing for the U.S. to default, senators are saying Powell isn't going to be renominated, that dumb bitch yellen is saying leveragd hedge funds can lead to financial runs, the feds fiscal year ends the 30th and the next day on the 1st banks needs 1 trillion dollars in liquidity. +I may be retarded, but I think shit is about to hit the fan. And when it does gme will be on its way to the moon 🚀 + + + +TLDR: I believe the upcoming market crash will be a catalyst for gme to moon. When short hedge funds default, they will have to close ALL positions. Including their over exposed short + +Edit: https://www.reddit.com/r/Superstonk/comments/pxguyp/current_tbond_issues_to_sort_out_by_thursday/?utm_medium=android_app&utm_source=share + +A really good post that got no traction, and confirms my bias about what I said above +Sorry if this is the wrong place for this. + +My housemate, who is the bill payer of our house, asked us all for our bill money (£45 each, but over 5 people it adds up) and he spent it. I don't know exactly on what he spent it, but I know how that he has no money and can't afford to pay our bills for the month. + +I can *just about* afford to cover the whole bill payment, but as I'm only recently employed and have been surviving on universal credit, I'd prefer to go down other avenues before committing to that. + +Does anyone have any advice? I'm going to make sure that all future bills come from my account and not his, to prevent this from happening again +I’ll try and keep this short! + +My wife (28) and I (27) have a 30 year 3.5% fixed mortgage on a home worth ~$470k. We paid $429k and have put in about $15k in improvements (added a bathroom, redid the master bedroom, and added a basement bedroom). I owe about $320k on my mortgage. + +We currently are putting an extra $800 towards our mortgage every month. + +Total equity: $150k + +We also have multiple investment accounts (401ks, Roths, crypto, and regular brokerage accounts). + +Total Investments: $120k + +We are currently investing $3000 post tax money every month. Plus 6% contributions to our 401ks. + +We aren’t planning on staying in this home for longer than 5-7 years. Does it make more sense for me to just pay my minimum payments and allocate that $800 towards investments? + +A mortgage broker recently told me that if I’m not staying for long than I won’t see the large interest savings and I might do better in the markets. +Long article, but I'm pretty confident a lot of this sketchy behaviour is occurring right on this very sub: + +* * * + +https://www.theglobeandmail.com/business/article-how-the-covid-19-pandemic-fuelled-a-boom-in-canadian-stock-promotion/ + +Cromwell Coulson, the CEO of New York-based stock trading platform OTC Markets Group, is getting sick and tired of trying to stomp out Canadian stock promotion scams. + +OTC plays host to more than 10,000 early-stage speculative stocks and every day it publishes a list of companies it has identified as running misleading stock promotions. In 2019, 30 per cent of troubling campaigns were by Canadian companies. + +But since the global outbreak of COVID-19 last winter, there has been a boom in pump and dump scams, in which shady promoters use any means necessary to push up the price of a company’s shares, then sell their stakes at huge profits just before the stock collapses. Those promoters often focus on a hot sector, be it mining, bitcoin, cannabis – and now, bogus coronavirus therapies. + +This year, 44 per cent of problematic promos on the OTC were spearheaded by Canadians. One day in September, they made up all 10 of the stocks the platform flags daily as the most suspect. + +Mr. Coulson says vulnerabilities in Canadian securities laws, the country’s patchwork system of provincial securities regulation and the lack of teeth to go after scam artists allow promotion schemes to flourish. + +“Our goal is not to run a dating site where everybody is beautiful, and smart and rich. Our goal is that the market price of securities represents the value,” he said. “There is this industry of promotion [in Canada] that is very opaque. I would like to see much more transparency.” + +In the United States, national regulatory oversight by Washington’s Securities and Exchange Commission (SEC) is much tougher than in Canada. As a result, Canadians – operating here or in other countries – have been behind many penny stock promotion scams for decades. Among the worst offenders in recent years, John Babikian, a.k.a. “The Wolf of Montreal,” who reportedly earned US$100-million manipulating penny stocks. + +“This is not a new phenomenon,” said Steven Peikin, co-director of enforcement with the SEC until August. “There has been outsize involvement of Canadian nationals and Canadian issuers in microcap schemes.” + +While greater powers and technological advances have enhanced the ability of Canadian regulators to pursue aggressive investigations, their track record in enforcement remains abysmal. The few offenders who are sanctioned are generally subject to temporary provincial bans from capital markets and non-enforceable fines. + +In the most recent fiscal year ended March 31, Canadian regulators concluded just two pump and dump cases, levying $105,000 in fines. Only a handful of cases are currently open. + +In the United States, since the beginning of the pandemic, the SEC has brought charges in six COVID-19 cases, in which companies or individuals allegedly made misleading statements about various treatments, tests and protective equipment, and issued 37 trading suspensions. Just this past summer, five Canadians were charged by the SEC in a US$160-million pump and dump swindle involving deceptive claims of therapies. + +Canada’s four biggest regulatory bodies, by comparison, have brought only one enforcement case and issued two trading suspensions related to COVID-19. This despite a warning issued by regulators in April that they were seeing an uptick in pandemic-related investment scams. The Canadian Securities Administrators (CSA), an umbrella group that represents Canada’s 13 securities regulators, declined repeated requests for an interview. + +“I have not seen much regulatory action in Canada,” said Joseph Groia, a former director of enforcement of the Ontario Securities Commission (OSC) and now one of Canada’s best-known securities litigators. “There’s a huge amount going on in the U.S.” + +Why isn’t more happening here? + +Over the past six months, The Globe and Mail interviewed more than 60 senior figures in regulation, litigation and law enforcement in North America, companies targeted by pump and dumps, a prolific white-collar whistle-blower, CEOs of stock exchanges, recipients of pump and dump materials, and stock promoters. As part of its investigation, The Globe also reviewed thousands of pages of disclosures and regulatory actions going back to 1987. + +The results are frustrating in many respects. While the breakneck pace of technological advancement means many fraudsters will likely stay one step ahead of regulators, plenty can be done to break the chain. The big question: Does Canada have the will to do it? + +Canada’s status as a haven for shady stock promotion is a function of market structure, history and culture. Our country has long had a heavy concentration of small resource companies that need to raise money early by going public – developing mines and oil reserves is capital intensive. + +But a small public float and a cheap stock price also make these stocks vulnerable to manipulation. By the 1930s, Canada was already notorious for telephone boiler rooms that targeted investors across North America. The advent of the electronic information age in the 1990s made disseminating fraudulent information infinitely easier. The ease of remaining anonymous online also made it much harder to catch offenders. + +And while misleading stock promotions used to be perpetrated mainly by company insiders, a growing number are now carried out by third-party shareholders. + +This past June, the RCMP and two provincial securities regulators confirmed they were investigating a cross-country stock promotion scheme touting tiny B.C. mining company Crestview Exploration. Among the recipients of a nationally distributed pump and dump letter about Crestview was Cynthia Campbell, head of enforcement at the Alberta Securities Commission, as well as the author of this article and retired RCMP white-collar crime investigator Henry Tso. + +“I have dealt with many of these files,” Mr. Tso said. “There’s tons of them. Stocks are being manipulated. There’s also lots of insider trading that never gets caught.” + +Crestview executives were frustrated, too. “We had no part of it. We want no part of it. It is a disgusting form of promotion,” CEO Glen Watson said. + +One of the biggest structural weaknesses in Canadian enforcement identified by many sources is the lack of a single Canadian securities regulator. The U.S., with a population of 328 million, has one federal securities act and one federal regulator. Canada, a country of 37.6 million, has 13 provincial and territorial regulators, and 13 disparate securities acts. Budgets, staffing and powers of enforcement also vary. + +British Columbia has tougher laws around stock promotion than other provinces, in part because the Vancouver Stock Exchange, which was merged into the Canadian Venture Exchange in 1999, was long known as grand central for penny stock scams. Alberta can lay quasi-criminal charges directly on offenders, but many other provinces can’t. Whistle-blower rewards offered by regulators also vary, with Ontario offering up to $5-million, but some other provinces offering nothing. Enforcement bans in one province aren’t recognized in others. + +The different rules across Canada and the lack of co-ordination mean that “wrongdoers can triage where they’re committing their wrongdoing based on the enforcement of various provincial regulators,” said Stephen Cohen, former associate director of enforcement for the SEC. + +Maureen Jensen, chair of the Ontario Securities Commission until this past April, said Canada is a mess of bureaucracy, infighting between commissions and provincial politics. “The problem is you have 13 acts, 13 legislatures that decide whether what their securities commission is asking for is worth their effort and 13 different groups of advisers who have a different view on how easy it should be to prosecute people in the financial market,” she said. + +“We should have a single securities regulator for Canada. It’s ludicrous that we don’t.” + +But repeated pushes for a national regulator have stalled when all provinces failed to agree, the most recent under then-prime minister Stephen Harper’s majority government, elected in 2011. + +Basic laws are also looser in Canada. In the U.S., paid stock promotion and amounts must be disclosed. In Canada, apart from B.C., paid promotion only has to be disclosed if it’s for “investor relations” services. There are many loopholes where payments don’t have to be disclosed – incredibly including campaigns that can be characterized as just “raising awareness” about a company. + +Even if paid promotion is disclosed, the amount doesn’t have to be specified. “No one knows who’s being paid for what,” Ms. Jensen said. “People can promote and not be visible.” + +The loose laws are one reason criminals still turn to Canadians for shifty stock promotion. In 2017, an individual indicted for securities fraud around a planned pump and dump of cannabis company BioCube Inc. told the FBI he intended on using Canadians to promote the U.S.-listed stock because regulation was much lighter here. U.S. authorities stopped the scheme before it occurred, and the CEO of the company was sentenced to three years in prison. + +Even if pump and dump offenders are caught in Canada, prison time is extremely rare. Fines and temporary provincial bans from running companies are much more common, but many offenders simply don’t comply with them. + +“These are people who don’t care about regulatory orders. There’s a good chance they’re not in that jurisdiction. If an order is made, they probably wouldn’t comply with it, " Mr. Groia said. “The only way you can deal with [a pump and dump] is find out who did it, track them down, prosecute them and send them to jail. Nothing else makes any sense.” + +But that is much easier said than done. + + +Set up in 2003 to be the equivalent of the FBI’s white-collar crime unit, the RCMP’s Integrated Market Enforcement Team (IMET) was supposed to send more offenders to jail. Just two years later, the team staged a dramatic raid on Scotiabank’s headquarters on Bay Street, with a trailer-length van emblazoned with IMET’s logo and about a dozen police cars pulling up, and agents hauling out documents in connection with an investigation into one of the bank’s client companies. + +The idea was to turn RCMP officers into specialized financial market cops by bringing in Bay Street experts, such as forensic accountants, to help IMET. Yet when The Globe asked the RCMP for examples of notable pump and dumps that resulted in convictions, the force only cited one in the past 17 years. + +“The expectations and the hope that we would have a meaningful criminal enforcement program at the federal level have not come to pass,” Mr. Groia said. “IMET’s been a huge disappointment.” + +Seattle-based whistle-blower Yolanda Holtzee has spent almost two decades reporting pump and dumps to U.S. and Canadian regulators. In her dealings with IMET, she has been frustrated by the turnover in staff. “Junior members are never there long enough to be proficient,” she said. + +Vance Morgan, head of the biggest IMET team in Canada, says officers usually stay a minimum of three years, but many move afterward – some because they are promoted. One reason IMET’s record isn’t great, he says, is the lack of some extraordinary powers U.S. authorities have, including their ability to tap the federal terrorist act to obtain documents. + +Other experts say Canadian exchanges could also do a lot more to cut down on shady stock promotion and could look to the U.S. for guidance. + +If OTC Markets believes a company may be complicit in a promotion, or isn’t co-operating in disclosing additional information, it routinely slaps a “Caveat Emptor” label on the company and places a skull and crossbones icon beside its stock symbol on OTC’s website. + +“We don’t want to fix things in the back room, " Mr. Coulson said. “We want to put it out for investors to see. All the positives and negatives. That’s an approach which, short term, is painful and others will knock, but over the long term [it] builds more efficient markets.” + +Canada’s TSX Venture Exchange and Canadian Securities Exchange list many companies that also trade on OTC. But neither exchange comes anywhere close to shining such a harsh public spotlight on companies. + +Senior figures in North American regulation also point to basic structural holes at Canada’s junior stock exchanges: low fees and lax rules that make it easy for promoters to game the system and virtually guarantee huge returns from taking tiny untested companies public. + +The formula was established decades ago: Promoters identify a hot sector, acquire a dormant publicly traded shell company, change its name, issue “seed stock” to founders, do a few financing rounds at increasingly higher share prices, come up with a great “story” to sell to retail investors and, finally, take the company public. That gives the promoters the liquidity they need to sell at an enormous profit. + +“[For] the people who kind of run these things as scams, it’s all about getting it listed, getting the share price up and getting off your stock,” said Jamie Keech, a mining engineer and resources financier. + +Then there’s the matter – all perfectly legal – of testing the limits on how low companies can go when issuing seed stock. Founder shares have been issued at a cent a share, a tenth of a cent or even much less. Vancouver-based junior mining exploration company Fosterville South Exploration Ltd. issued 12.75 million shares for a total capital raise of $9. The cost for the founders was $0.00000705882 a share. When the company went public earlier this year, it closed its first day of trading on the TSX Venture Exchange at $1.08 a share, giving founders a paper return of 15,299,908 per cent. + +“They’re using legal means to hoodwink the public” Ms. Jensen said of the ease of going public in Canada. “Is it wrong? Absolutely it’s wrong.” Yet, like too many weaknesses of Canadian markets, it endures. + +So what can be done to stop the rot? + +Ms. Jensen says, even under existing provincial laws, it needs to be easier for regulators to move on suspected fraudsters. That includes speeding up the timeline for obtaining court dates, the power to compel people to testify like the U.S. Department of Justice does, and possibly banning the use of shell companies to go public. + +“It can’t be so difficult to prosecute people who are intentionally abusing the market, " Ms. Jensen said. + +The whistle-blower, Ms. Holtzee, says that many pump and dumps are now perpetrated by computer geeks in their 20s who are proficient in spreading fraudulent information over the web, and then disappearing by using encryption. Canadian regulators, she says, need to hire young STEM (science, technology, engineering and mathematics) graduates – “dot connectors” – who can track scams as they’re being perpetrated and stop them right away. + +Mr. Groia also believes much more money should be spent on detection rather than prosecution. He says by investing as little as $1-million a year in computer-savvy investigators, Canada could cut pump and dumps by 60 per cent to 70 per cent. + +Some observers claim that stupid or ignorant investors are as much to blame as fraudsters for pump and dumps. If only they would vet an outlandish claim in a newsletter or on a stock promotion website against public filings, it would be obvious that a miracle COVID-19 cure is a con. + +But that’s not easy. SEDAR, the website that houses public flings by Canadian companies, is terribly designed. Only sophisticated investors are likely to know where to find critical information and then make sense of it. Canadian regulators need to push companies to make it far easier for average citizens to find what they’re looking for, and for filings to be written in language that can be easily understood. + +The past decade has seen pump and dump campaigns move from junior gold stocks, to marijuana, to bitcoin and back to gold recently with bullion prices soaring. And now there’s COVID-19. + +Ms. Jensen said the latest trend involves crooks manipulating the share prices of illiquid companies by “hijacking” the trading accounts of investors, allowing scammers to use other people’s money directly to commit crimes. + +The technology for those thefts exists. So does the technology to stop them. Unfortunately, it appears scammers and proponents of reform don’t think that will happen any time soon. +I have been following this page for about 2-3 months now and while I do find the majority, if not all of the posts, comments, advice, etc very helpful, I have noticed here recently a feeling of anxiety reading posts from 20 & 30 year olds with copious amounts of money, investment accounts in the $100,000, maxing out their 401k and still managing to have $750 a month left over after bills to spend on whatever, etc. + +This is by no means a hate post. I am very happy for you all and I hope to have that one day as well. I also understand that there are people who just make more money or are fortunate to come from more financially fit families. However, as a 32-year old myself with maybe $40k in 401k, HSA, savings, bank acct and typically no money leftover, I can’t help but think WTF am I doing wrong? Does this happen to anyone else on here? I can’t be alone, right? How do you all deal with that? Do you just not compare yourself to others and try to do the best you can? + +Thanks! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +[https://www.foxbusiness.com/markets/trump-orders-federal-retirement-money-invested-in-chinese-equities-to-be-pulled?fbclid=IwAR0j0wjfzVGCmfM6HrQgfJHh9YIL1eTWXpFT52c4KE-q7\_wJYIRItmOtjgA](https://www.foxbusiness.com/markets/trump-orders-federal-retirement-money-invested-in-chinese-equities-to-be-pulled?fbclid=IwAR0j0wjfzVGCmfM6HrQgfJHh9YIL1eTWXpFT52c4KE-q7_wJYIRItmOtjgA) + +"[President Trump](https://www.foxbusiness.com/category/white-house) is moving to cut investment ties between U.S. federal [retirement funds](https://www.foxbusiness.com/category/rethinking-retirement) and Chinese equities, FOX Business has learned in a move that is tied to the handling of [COVID 19.](https://www.foxbusiness.com/category/coronavirus) + +In the first letter written Monday, obtained exclusively by FOX Business, national security adviser Robert O’Brien and National Economic Council Chair [Larry Kudlow ](https://www.foxbusiness.com/category/larry-kudlow)write to U.S. Labor Secretary Eugene Scalia stating that the White House does not want the Thrift Savings Plan, which is a federal employee retirement fund, to have money invested in Chinese equities." +Just curious to see if anyone here has actually been successful in the game long-term and profited consistently. + +If so, could you tell us your story? How long you've been trading, what you've learned, when you started being successful, what methods you use, what pairs you trade, what type of risk and money management, etc etc. + +Always love seeing success and motivational stories, I'm sure a lot of other lurkers would as well! +I’m debating on putting my entire net worth (minus a small amount for monthly expenses) into SCHD, and not touching it for years to come. The average growth + dividends is hard to beat. + +Is this foolish, or very conservative investing? I know you shouldn’t go “all in” on any one ticker, but seeing as SCHD is a diversified 100 company etf, I don’t see this as a risky move, but would love some other opinions. + +I’m basically looking for safer 10% average growth + high dividend yields + +EDIT: SCHD is a broad market dividend ETF +GME is not a regular "solid" investment, a lot of apes have been following this for months and understand that this sittuation is bigger than you and me. + +It's important to reiterate that investing in GME is not investing into a once in a life time opportunity for a short squeeze, it's a once in forever because when this blows up, we will never see anything like it again. + +This is for all the new members who have joined Iver the weekend. The game plan is simple with GME, we buy the dips, we buy the peaks and we hold. + +We don't get interested in the price because its wrong, we watch the price but we don't care about it until it hits $5000 (why such a low number like $5000?, because once GME hits $5000 then we will know everything we have read is correct and the MOASS will happen. $5000 is not the MOASS, $5000 is just the confirmation that it's coming) + +So what happens when you hold past all the fuckery and the price reaches $5000? Not much, you continue to hold because we are just getting started. Apes are passionate about this cause and I trust every one of them and I believe they will not paper hand and sell for thousands. Again, GME is bigger than you and me. + +How high will the price go? Fuck knows but I can assure you you will not lose money by investing in GME so.. Why not? + +Us apes like to set our floor at around $20 million per share (the floor is the minimum we sell at, the ceiling is unimaginably high). I hear you think "$20million is abit ridiculous and childish, the price will never reach that high", well, you could be wrong. + +If/when GME hits a price of say €1500, then nothing can be done to stop of slow down the price jumping by 50% every hour for a week straight. It mightnt be a clean rise (as in we might see huge heights with huge dips, but we fucking hold). + +A lot of apes have the same mindset as me, its either all or nothing, we hold on for world changing money, not life changing money. + +Long story short, if your new here + +BUY, HOLD, VOTE (if you can) + +$20,000,000 is not a meme but you will need balls of steel to reach those heights. + +This is gamestop. + +Edit: this is not financial advice.... + +This post is flared as opinion so everyone attacking needs to chill! + +Also, everyone who's awarded and upvote, thanks so much! I did not expect that at all! ❤️ +I know it’s a silly question, but I was told by one of my university friends that having a credit card and making small purchases on it to pay back instantly, is good for your credit score and it’s best to start young, so you can get a mortgage and all that? + +So it’s essentially a good investment for your future I suppose? + +Cheers! + +Edit: I should probably mention that I’m in the UK, England +I'm not sure if I've done something wrong, the agent is dodgy or the property market does move crazy quick. In summary: + +* My partner and I are first home buyers +* We inspected a property on Saturday afternoon - said we were interested and requested the contracts and S.32. +* Spoke to a conveyancer on Monday who said there was a stack of things missing from the S.32 - the levies were out of date, fees were missing etc. to the point of the sales contract possibly being voidable. +* Had a property inspection on Tuesday that found termite and water damage, reparable but considered "major damage" +* Tuesday night we emailed the agent saying we were keen to put in an offer but wanted a copy of the docs missing from the S.32. +* Instead of replying, the agent called on 5 pm Wednesday to let us know that they had an offer from someone else, and if we were interested we'd have to put one in ASAP. Not tomorrow, or in 6 hours, within one hour of our conversation. + +I took his comments with a grain of salt. He said around the $550k mark was a reasonable offer, then called back 30mins later saying if it went to auction it would get over $570k so we should offer high. + +The bloke sold a property with the exact same floorplan in the same building for $565k just a few weeks ago. But that apartment had a far better few (waterfront) and was fully updated - new kitchen, bathroom etc. The one we were looking at had 70s cabinets that were all rotted through, original wiring. It needed a lot of repairs that would cost around $30k - AND we had no idea what the owners corp fees were. + +The agent said the other person had signed a contract and we'd have to sign one too - then the vendor would pick between the two offers. When I offered to send our offer via email he said I should just give it to him over the phone instead. Every time I gave our price and deposit, he'd try to nudge up but accepted the offer when my (male) partner had the conversation with him. I knew there would be pressure, but this all just seemed odd. + +The agent hasn't called us to reject our offer, but the property is now listed as "under offer" so I assume we were unsuccessful. + +I think we could be more proactive in the future - put in an offer conditional to inspection earlier instead of waiting a day or two for a building inspection. But this just felt odd. Is this what buying a property is like? + +Edit: Typo + +Edit: Bonus Question! Is there a difference between the indicative selling price and the advertised price? The advertised price range was $20 - $70k higher than the indicative selling price. +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 🚀🚀🚀🚀 +People say you learn from your mistakes. I am hoping to learn faster from other people's mistakes. Please share your favorite investment mistakes. + +Mine is from blindly assuming forward growth using historical growth. There was this company. It was growing at 15% annually for 10+ years straight, never miss a quarter. It was trading at lower PE than usual, so decide to scoop up without much due diligence. Then next quarter, earning is down by I don't remember how much and never manage to come back. Lesson learned: always know the source of growth or source of your assumption! +TIL: + +1. A family member made $800,000 in realized profit on two strategies last year. +(A) selling naked puts on margin on SPXL (3x leveraged SPY) +(B) selling SPY put credit spreads on margin + +- “hedging” with VIX calls in both cases + +Here’s my rant: +He didn’t know if SPXL was cash settled index or an ETF. (First I’d heard of it so I had to ask.) +Didn’t know what Greeks were. +Didn’t close his positions, even for spreads; just let them expire OTM in every case. + +My mans made 8x my life savings knowing a fraction of the basic knowledge and getting lucky. Paid off his mortgage by Christmas 2021 and called it a day. Hasn’t touched it in 2022. + +Another reminder that if you can choose to be lucky or choose to be good, always pick lucky. +You may be used to me writing novels here, or entries into the saga of Bingus Token. Today I'll get right to the point, drop the bomb, and then bore you with details. + +&#x200B; + +[Michael Rainey Jr]([https://www.instagram.com/michaelraineyjr/?hl=en](https://www.instagram.com/michaelraineyjr/?hl=en), Lead of the hit Showtime show, [Power: Ghost]([https://en.wikipedia.org/wiki/Power\_Book\_II:\_Ghost](https://en.wikipedia.org/wiki/Power_Book_II:_Ghost), has officially joined the cause and will be on the bingus train for the foreseeable future. [Proof]([https://streamable.com/otegmc](https://streamable.com/otegmc) I believe this is fairly unprecedented in the BSC landscape. We are so happy, thankful, and excited to have Michael on board. + +&#x200B; + +Read on to hear about other exciting news but if you have been waiting to jump on the Bingus train yourself this Reddit post is the last stop before total liftoff. + +&#x200B; + +So for the last month, if you read my post history, my growing team and I have been working our asses off to make Bingus not only the best BSC charity coin, but a staple inside cryptocurrency. I spoke in AMA after [doxxed AMA\]([https://streamable.com/h2w51l](https://streamable.com/h2w51l) about our extensive connections to the entertainment industry and how our marketing strategy relied on that. Like I always stressed, things like this take time. In the crypto world, especially in the BSC gambling addict world, patience is not something that is usually rewarded. Today with our strategy finally showing itself in a public way, we hope we are proving that we plan on sticking around for a very very long time. + +&#x200B; + +Michael is an incredible actor who has been into cryptocurrency for a long time now. As a lover of animals, we love having his support. Today we have donated $10,000 in his and the Bingus name to Hope for Paws as the first gesture of our work together. Proof will be posted in the comments as soon as there are enough confirmations on the blockchain. We so look forward to the relationship growing and expanding. + +&#x200B; + +In other news, we are planning on an overhaul of our Liquidity Points-based voting system. You will still be able to vote for the charity of your choice, but the new system will make it a little bit more fun (we think). + +&#x200B; + +Next, we are working on an additional incentive structure for liquidity providers which includes a very special NFT platform, and actual games. We're not talking about simply reskinning Doom, Duke Nukem, or flappy bird with Bingus and saying we have games. No, I have enlisted a professional writer to craft the epic tale of Bingus. Furthermore luckily inside our admin team is a professional game reviewer with connections to the smaller independent studios that would be perfect for a project like this. These type of things are why we have not released a roadmap thus far, we find that many roadmaps are full of buzzwords rather than actual specific and accomplishable goals. We are learning, adapting, and changing as our team grows. + +&#x200B; + +All of this is being done against the backdrop of ever-increasing donations and connections to the larger world of pop culture.... and we're just getting started. + +$Bingus website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus on PancakeSwap** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +[CoinMarketCap](https://coinmarketcap.com/currencies/bingus-token/) + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +**Social Links** +============= + +[Telegram](https://t.me/bingustoken2official) +^(complete the captcha in time) | [Telegram News & Announcements](https://t.me/bingustoken2official) + +$Bingus on Reddit r/BingusFinance + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +**Charity Donations** +================ + +Donation 1 (**$350**) [Wright-Way Rescue](https://imgur.com/GjMOBt5) | +Donation 2 (**$1000**) [Forgotten Animals](https://imgur.com/a/Evvmvah) | +Donation 3 (**$3000**) [Reversed Rescue](https://twitter.com/bingustoken/status/1381103970383491072?s=28) | +Donation 4 (**$2500**) [Jersey Animal Rescue](https://www.instagram.com/p/CNlTQO8p1ik/?igshid=c9i35ifw2b0o) | +Donation 5 (**$3000**) [Sterling Shelter](https://imgur.com/gallery/VXPICLP) | +Donation 6 (**$10,000**) [The Real Bark](https://imgur.com/gallery/wjYnZQ9) + +**Charity Links:** +============= + +**Wright Way Rescue** + +[Twitter](https://twitter.com/WrightWayRescue) + +[Instagram](https://www.instagram.com/wrightwayrescue/) + +[Website](https://wright-wayrescue.org) + +**Forgotten Animals** + +[Twitter](https://twitter.com/forgottenanimal) + +[Instagram](https://www.instagram.com/forgottenanimals/) + +[Website](https://forgottenanimals.org) + +**Reversed Rescue** + +[Twitter](https://twitter.com/ReversedRescue) + +[Instagram](https://www.instagram.com/reversedrescue/) + +[Website](https://www.reversedrescue.com) + +**Jersey Animal Rescue** + +[Instagram](https://www.instagram.com/jerseyanimalrescue/) + +[Facebook](https://www.facebook.com/jerseyanimalrescue/) + +[Website](https://jerseyanimalrescue.com/) + +**Endorser Links** +================ + +**Rocky Kanaka** + +[Save Our Shelter](http://saveourshelter.com/) | [YouTube](https://m.youtube.com/c/rockykanaka/videos) | [Rocky’s Website](https://rockykanaka.com/) | [Instagram](https://www.instagram.com/rockykanaka/) | [Twitter](https://twitter.com/rockykanaka) | [Facebook](https://www.facebook.com/rockykanaka/) + +**BBno$** + +[Spotify](https://open.spotify.com/artist/41X1TR6hrK8Q2ZCpp2EqCz) | [SoundCloud](https://soundcloud.com/bbnomula) | [Twitter](https://twitter.com/bbnomula) | [Instagram](https://www.instagram.com/bbnomula/) | [Facebook](https://www.facebook.com/bbnomula/) | [Reddit](https://www.reddit.com/r/bbnomula/) + +**MoistCr1tikal** + +[Twitch](https://www.twitch.tv/moistcr1tikal) | [YouTube](https://www.youtube.com/channel/UCq6VFHwMzcMXbuKyG7SQYIg) | [Twitter](https://twitter.com/MoistCr1TiKaL) | [Instagram](https://www.instagram.com/bigmoistcr1tikal) + +MoistCr1tikal stream clip +https://youtu.be/BrfZfBxGx8U +My brother is rather well off with a portfolio of around $6million. He is totally clueless about investments...i have told him he would do fine buying something like VBAL and just forgetting about it. Fees would be minimal. He is with a big bank and they are charging him about $60,000 a year. I looked at what they put him in....nothing but high fee mutual funds, there were several from Renaissance lol. Of course keep in mind those fees would add up massively....assume a 1% MER on average and there is another $60,000 per year flushed away. Many of the mutual funds have active managers so he was hit with a massive tax bill this year due to the capital gains reported on T3's. + +I asked him how he is evaluating the wealth manager's performance and said he doesn't care as long as he gets about 5% per year with little risk. I thought with wealth management they would own actual stocks and move the portfolio around based on client's preference re: risk. Besides a spousal loan they manage, they are totally ripping him off. +https://www.cnbc.com/2020/07/20/big-tech-stocks-add-291-billion-in-market-value-in-one-day.html + +Big Tech companies added $291.66 billion in combined market valuation Monday. + +Amazon led the rally, adding $116.92 billion in market cap. + +Tesla stock also popped,adding $26.36 billion to its market cap. + +Don’t FOMO, 99% of you won’t become life changing rich. The people posting $200k gain porn are the same ones with $80k to YOLO into memes. + +Don’t yolo your rent money, or life savings, or any money you can’t afford to lose. Everyone gets it, money is money, but there is a massive difference between gambling away pocket money and gambling “life” money in these stocks. The people posting gain porn are doing the former with $80k, should you be doing the latter? + +There is a massive illusion that if you put your rent money you will be overnight rich, sorry to tell you that simply won’t be the case. Especially if you are new to this. Good luck. +I have a good chunk of money in my broker's account. Since stocks only go up™ I kind of enjoy opening the website, logging in and seeing that "yup! I made $5000 doing nothing today! I can get guac for my avocado toast"... + +It's very addictive and obviously not productive. On days that it does go down, I look at the total gains so it's not even good for adjusting my expectations of a crash or future losses. + +Do you have a problem like this? Could you get rid of this habit? +https://www.calstrs.com/sites/main/files/file-attachments/realestateperformancereport_3q2018.pdf?1560287619 + +For all the new visiting troll accounts: + + Those rent payments are (were) helping pay school teachers' retirement. +I know, I know. No one wants to hear anything else about GameStop, but it's been my primary theta farm this year, and I thought I'd share. + +I was long GME in December. I cashed out during the runup prior to the big squeeze (highest sale at $59), but in no way timed it perfectly. I've since had zero confidence in the stock price, so I ended up on /r/thetagang trying to figure out how to continue to make money off this ticker. This was my first time selling puts and credit spreads, so some of these trades reflect me trying to feel out how the different strategies work. Today I ran the numbers on my CSP strategy over the last 3 months. + +My strategy: + +* Only sell far out the money puts. During the first squeeze, I was selling $20-30. After the price came back down to earth, I was selling $40s and $45s. I did take one flier on a $50/60 credit spread, but that one gave me plenty of heart burn. +* Credit spreads to optimize return on capital, but generally for more conservative strikes. Sometimes I layered on the long leg a week or two after the initial CSP to free up cash for an additional trade. +* No hard rules on DTE - really looking for what gave me a good ROC. Longest was 45 days, most were 10-14 days out. +* Usually exit around 80% profit and don't hold until expiration. + +At the highest, I think I had $75k of cash securing my puts and spreads, but usually $30-40k. I've since gotten more aggressive with some PMCCs, but am still looking for CSP opportunities. The "fat tail" on IV has definitely gone away and the market seems like it is more accurately pricing GME risk these days. + +I've made $27k year to date. About half of that was selling March 19th $30s in late January for $6 a piece. Unfortunately, Schwab is not easily exporting trade entry dates, so I couldn't add days I held each position. + +https://preview.redd.it/kpn28yr603o61.png?width=1653&format=png&auto=webp&s=a004fddd24144b1eace4a644fc850273c42d626f + +TL;DR - GME's crazy IV printed cash for thetagang even if you were playing it "safe." +I’m pretty new to investing but quickly came to the realization that ETFs are the way to go. About 90% of my portfolio is now in ETFs. Some of that is strictly in A.I./tech/innovation, and ARK_ dominates this portion, which generally include a decent amount of TSLA. From what I have read this is mainly because Cathie Wood has a lot of belief in TSLA. Why does everyone doubt her? She seems like a genius to me. So why the hate? Besides Musk being a douche +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi, as my title alludes I’m currently working near Boston where my cost of living is very high for just shy of $90k. I love my job and co workers but there is not a huge amount of room for advancement + +A recruiter found a job doing something similar to what I do now but in a manager role in Tampa for what they say is between $90-$100k + +I don’t necessarily have a great wish to move down to Florida unless I have a substantial standard of living adjustment + +I get I can run calculators to determine COLA, but has anyone made a shift from high COLA to low COLA and can tell me if it really felt substantially different to give me insight if the new role is worth considering? + +Thanks! + +Edit* An important factor I forgot to mention is that I was born and raised in Florida. I grew up dirt poor, but my parents are adamant that Florida is a whole different state for people who earn fair incomes + +So I’m worried my decision is being manipulated by my perspective having grown up in my specific shit town + +Also I am worried about lack of upward opportunity in Florida compared to Boston +I (21) work at UPS. They offer a 5% discount rate for purchases through the company, and I've been putting ~$30/week for the last 2 years. I'm going to be driving soon and that comes with a pretty decent raise from where I currently am. +I have talked to my HR to see what the match is for my 401, but I was told they aren't doing matches anymore since we have other GREAT benefits. If they did a match, then I obviously would contribute up to what they match, but since they're isn't a match, I'm considering just upping my purchase plan contributions. I haven't touched the stocks at all since I've bought them. They give me about 2.5% dividend yield which I have set to just reimburse for more stocks. +I feel like my best choice is to just increase my purchase, but I want other opinions before I make my final decision. What should I do? +Im self employed since last year +I dont think i have a roth +And i was contributing to my 401k at my company before I left +I don’t really invest at the moment, I do what to change that so advice on that would be great +Im pretty risk averse when it comes to money, but I think that has a lot to do with mindset I need to break out of and perhaps lack of knowledge. + + +All these savings are in a normal savings acct, what are some better ways to make use of it? How do I make this money work for me? +This is part 2 + +[link to part 1](https://www.reddit.com/r/Superstonk/comments/xi02le/gamestopped_the_mechanics_of_cellar_boxing_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + + +10/09/2020 Swap Failure + +[https://imgur.com/a/NRFeVzw](https://imgur.com/a/NRFeVzw) + +Almost the exact same amount of volume (within 1%) So 300+ million shares were force bought in on Thursday and another 300m on Friday. Probably reached the limits of the algorithm to handle before the price got out of control. That is just 2 days of swaps. Check out the next 10 trading days. Failed multiple rolls. Volume is a rough estimation of how many shorts they were hiding in those swaps. Almost a billion in volume from 10/8-10/23. Now some of that might be institutions buying and other buys hitting the lit exchange, but the price only goes from $2.50 to under $4. The problem for them is they are above the 200 MDA. This messes with the VAR on the swaps. They do not want the price above this when they must roll their swaps over. + +Now look what happens that following Monday (12th) and Tuesday (13). They stabilize the price and more than likely rolled swaps and rolled up some of those new short positions on either one or both days (they had to balance all that buying volume out). They must do this by the 15th, otherwise their short positions will show up on the SI report. It doesn’t look like they got them all tho and they got some FTDs because 35 trading days (MM privilege) (+5 days for Regsho) GME shows up on the Threshold security list, 12/08/20. And 35 trading days after being on the TSL, is you guessed it, the baby squeeze and the day they turned off the buy button. + +There’s a lot more to this, including the importance of 8/31 and 1/11 dates and why RC tweeted this really random anniversary tweet. It really is mind blowing! + +[https://imgur.com/a/bv89Tph](https://imgur.com/a/bv89Tph) + +To get a full understanding of his tweets and what is about to happen, it is extremely important to look back in time at the chart. These shitheads have been at this for a long time, probably since GME was listed, and once you know what to look for, you can get an idea of how fucked they are. You’ll see that every 2 years on the same dates, they will have flat candles. 8/31, 3/8-3/12, 4/4, 5/23, 5/25, 5/26, 9/11, a lot of dates in October, 12/6, 1/11, 1/27-1/30. These are only a few but are some of the big ones. These are typically their rollover dates. They got out of the squeeze by rolling it out 2 years. Which brings them to January 2023. + +Once they enter a swap, they must continue to roll them every two years, or every year around historical earning dates because this is when their major swap positions expire. They also roll around the 15th and end of month to clear FTDs but those have way lower volume than the ones around earnings. This is why they suppress the price before Earnings, and let it go after. They must keep the price below the 200 MA for rolls. + +One last thing, they are pushing next week as a big week and while the end of September does have a few rollover dates , they are not major ones. The price may spike but in my opinion this is a fake out. Look to the end of Sept and October 2020 to see when their problems really start. We really are stuck in Groundhog Day, but it’s a 2 year cycle. The events at the end of 2018 setup 2020, and I believe will setup the end of 2022. The beginning or 2021 will setup the beginning of 2023. Everything must come back around. I believe October will set us up for more liquidations, but more importantly, it will set us up for Reg sho to kick in in December. The fact the SEC has a rule coming regarding Swaps being centrally cleared, (they are not regulated now) is a big sign. There’s a lot more info regarding the correlation between cr up toe the index funds, and GME, as well as the significance of RC buying when he did and his tweets. Also the importance of the new rules requiring collateral for swaps with banks that kicked in on Sept 1st. And shout out to they guy who found the significance of the ratio of SPY/GME (I believe they have to keep it above 11.8 or they be fucked). Gonna be kind of hard with a crash any day now. Peace out +You read about this rule on US websites. But I am wondering whether it still makes sense in Europe? + +On the one hand, renting seems much more common in Europe than the US with higher rents that mortgage payments. + +On the other hand, people in Europe don't need to fear huge medical bills the way US Americans need to. + +I've got a pretty secure job. It's unlikely I will lose it, unless I become seriously ill. I also don't think that I will quit, though that's much more likely than being let go. I would like to invest some money. Since it's unlikely that my work situation will change in the next, say, five years, I am wondering whether I would be ok with just two months' salary emergency fund. + +Any thoughts? +This one goes out to all those licking their wounds. + +6 months ago seems like a fever dream. You’d just been through the volatility of covid, taken your lumps along the way, but the future was bright. + +Maybe you are a VP at Zoom sitting on an RSU package that was once worth $15M. + +Maybe you’re a founder or exec at a SaaS company and were counting your chickens. + +Been there. + +Winter is here and it’s hard to stomach. Coca Cola and Phillip Morris still trade near all time highs and yet your net worth has been cut 70% in the last 6 months. + +I see you. I feel you. + +I feel especially bad for those who had made life changing decisions based on their “net worth” that have seen it evaporate in what feels like a nanosecond and for reasons that are pretty unclear. + +Those who spent years building something that skyrocketed in value, on premises that seemed solid (you know, ARR, margin, etc.) that are now faced with a completely new reality. You built solid companies based on fundamental premises that seemed solid. + +The current circumstances feel irrational. + +Unfair even. + +It’s tough. + +Meanwhile there are speculators all around you who managed to win (and I mean that in the most gambling oriented way) life changing wealth while building nothing at all (crypto). + +We survey the smoking landscape and wonder where we go from here. + +There is a special class of person whose life has been destroyed in ways none of us will ever fully appreciate. + +That person is the one who was overexposed to saas, and the majority of those were in that position against their direct will (eg RSU, founder). + +Meanwhile the speculators (crypto) and grey hairs (index) have hardly felt any pain, especially the former relative to their risk exposure. + +I feel you. + +The future is impossible to predict but for what it is worth (nothing) I believe you will eventually be partially made whole: a company with 80% margin with net revenue retention &gt; 100% growing at 50% year over year is worth more than what you’re holding. + +I guess the lesson is to diversify, if nothing else hopefully this calamity will create more opportunities to do so when you bet your families future on RSU or options in companies with amazing fundamentals. + +Easier said than done, as today there are very few convenient ways for a person with significant restricted stock to save their ass and I’m truly sorry for the many who are reading this who thought they’d be resigning tomorrow to head for the beach. + +Edit: seems many people are interpreting this as me being a dumbass that got smoked and complaining. I have taken a beating, but I’m definitely not in the situation described here. mostly this is a reflection on what life could easily have been like for me had timing been different. I get that maybe these circumstances are hard to imagine for many people, and statistically rare, but believe me there are people in this sub who are highly educated and financially responsible that found themselves in situations where 80% of their fatfire grade networth was very close to being liquid, but not quite liquid, and there’s not a whole lot you can do about that if your company is late stage private or if you’re holding restricted stock. +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. +For the first time in history, the yield curve for U.S. treasury bonds dropped under 1%. What would be the reasons for why the Fed could cut policy rates down to zero? +This is entirely from my own experience of reading economic history, but I've noticed that history books more often use GNP, talking about times roughly from the 18th century to WW2, whereas writing on more modern topics prefers GDP. Is there any tendency here? If so, why is each indicator preferred? +Ok I will keep it short. For god sake, you guys keep preaching confirming your sources yet you guys just shout whatever anyone got somewhere. + +u/atobitt is the ONLY one who seems to try to understand what's going on and be un partisan. + +/u/Rensole, Pink /u/redchessqueen99 and Elle /u/luridess, please stay calm and have CLEAR communication, no shouting over each other. You basically "confirmed" and unconfirmed a very clear fake story about 777,777,778 Votes outstanding. + +&#x200B; + +Also on another note /u/rensole, you misunderstood reverse repos in your daily stonk report.... + +&#x200B; + +EDIT 1: I should add, I believe in more shares voted than outstanding but you either confirm something or you don't. + +EDIT 2: This is turning into a shit show. You literally JUST said you won't show images/videos from the call because you respect the company and want to follow the rules yet now you are showing it in the live stream.... + +EDIT 3: Just to clear this up AGAIN, A) I believe there are more shares available than GME issued due to naked short selling, I believe in the MOASS and I have been an Ape since first week of January.... I also really appreciate what the mods do and have done with the forum BUT we have to be able to criticise what we see as wrong and subpar behaviour which is what I consider this livestream to be. We live in free speech societies after all. Ape don't fight Ape. BUY, HOLD, WAIT + +EDIT 4: Removed the part about my personal emotions, that is not professional and not their issue, that's on me. + +&#x200B; + +EDIT 5: u/heyitspixel on twitter. Let's just wait for the 8K + +https://preview.redd.it/yplivktrh9471.png?width=589&format=png&auto=webp&s=26570ab682744b49aa4c429ebdc18e6b91dcd604 + +&#x200B; + +**TL:DR and FINAL EDIT: This seems to be on track to reach the superstonk front page so this what I hope you guys will take away from me:** + +1. If our mods put themselves in a position where they represent the community as a whole, they should conduct themselves in ways that hold us to high standards, the same way as the people at the shareholder meeting. +2. Elle and Rensole NEED to confirm sources before making announcements on a livestream viewed by more people than fit in a stadium. You have a special responsibility when you have influence and a public image, if you are not willing to have that responsibility, don't be on public display as an influential person. Elle, I sincerely hope you will get used to these price jumps otherwise you might paper hand. Rensole, check your sources for the Daily Stonk, you misunderstood Reverse Repos not only by a bit but actually the complete opposite of what they are +3. Final Note. MOASS is still on IMO. There will be more votes than shares outstanding IMO. Price Manipulation will continue IMO. I am willing, prepared and ready to see this thing through, no matter how long it takes. This is still fundamentally a BATTLE so wrong moves HURT our chances. BUY, HOLD, WAIT and please try to underpromise and over perform. **Over and out.** + +&#x200B; + +**Needed to add one last edit, seems like we misunderstood the CNBC Situation:** + +[**https://www.reddit.com/r/Superstonk/comments/nw0i5u/shareholder\_meeting\_i\_did\_not\_do\_any\_interviews/?utm\_medium=android\_app&utm\_source=share**](https://www.reddit.com/r/Superstonk/comments/nw0i5u/shareholder_meeting_i_did_not_do_any_interviews/?utm_medium=android_app&utm_source=share) + +https://preview.redd.it/p5078f01u9471.png?width=594&format=png&auto=webp&s=fef7b28467686b69af9eb25733b8d1e3f32be697 + +&#x200B; +https://v.redd.it/tx92yz5xoei81 + +According to this post from r/DataisBeautiful "wages are not keeping pace with inflation and are falling in real terms". + +Is this accurate? +I have heard it is because "America is more stable," but is America more stable than Chinese institutions? If so, how can a borrower be more stable than a lender? Isn't that topsy-turvy? +I started trading live right away since July (every single day with zero exceptions. in order to learn faster and experience as much emotions and fear Prior to trading a real account . I lost total of 2,5k but was trading between 200-300$ in the balance (I didn’t have the full 2,5k right away ) with vantage Fx but When I start making progress . They closed my account due to the law with Canada and Australia. I am doing demo now with 3k and I grow it to 4K in two weeks trading only 2% per trade or less aiming for break and retest and key levels support and resistance . ( I didn’t expect this result reading only for 2% and holding trades trough the week ) After reading trading in the zone , I realize I need to focus on my emotions and behaviour when I enter trades and things are going well but I am aiming to accumulate 3k to go live with Islamic account ICM market or Oanda but Oanda is turning me off with their spreads , fees and leverage -_- +Let me know what you think , I wrote this to give you guys a perspective. +Thank you for all your answers in advance. +**TLDR: Two months ago, GameStop announced it would be seeking to expand share reserves to one billion, pending a vote of approval by shareholders. Well, that just happened. Now, the horrors facing shorts are amplifying and about to drag them straight to Hell.** + +Please read part one before reading this, it's the base layer upon which this update is formed. In that piece I explain why a share dividend is different than a stock split, the profound implications it has for shorts, and why/how share recalls are highly likely to occur. + +[https://www.reddit.com/r/Superstonk/comments/tuoeaz/the\_coming\_horrors\_awaiting\_shorts/](https://www.reddit.com/r/Superstonk/comments/tuoeaz/the_coming_horrors_awaiting_shorts/) + +Trigger warning...Mayo ahead. + +# A Quick Recap of the Past Two Months + +**IT STILL FOLLOWS:** + +Greedy hedge funds and market makers took turns screwing retail investors and companies like GameStop, repeatedly, and for decades they’ve gotten away with it. + +But then they fucked GameStop and didn’t realize they were about to be cursed by an unholy alliance of Ryan Cohen, devoted fans of the company, and autistic art of war tactics like buying and holding the stock, no matter the price. + +Then one day, the shorts woke up, and noticed a strange bunch of dead-eyed, diamond-handed, retail investors slowly walking towards them. Inch by inch, they moved closer, never deterred, never sleeping, never slowing. They tried to shut off the buy button and managed to get far away from us for a bit…but we just kept walking, until one day, we showed right back up. + +Anyone still short GameStop has been living through a never-ending nightmare. They’ve been constantly pursued by an un-killable beast. + +Retail investors buying and holding the stock relentlessly for more than a year are now the equivalent of the supernatural force from the awesome horror movie, IT FOLLOWS. + +Well…unfortunately for our dear friends short the stock…the unkillable, unstoppable, relentless beast is still stalking them two months after GameStop announced its intention to expand shares to one billion and potentially proceed with a share dividend. + +The past few months have been awful for shorts. I’m talking, sleepless nights jet setting across the globe, eating tubs of lukewarm mayo, just to realize that Apes are freaking everywhere. And they keep buying the stonk, no matter what the price does. + +Even worse, they are hoarding shares, removing them from the DTCC, and bleeding out liquidity from the market. + +Yesterday in after hours, shorts woke up from a brief, uncomfortable, and nightmare filled nap and realized the beast was inside the house now, and there’s only one exit. Step by step, it’s inching closer, staring, salivating…hungry. + +# What Just Happened: + +GameStop hosted its annual Shareholder’s meeting, and its quarterly financial results call on back-to-back days. And oh boy did we learn some juicy stuff. + +First Quarter Fiscal Results 2022 + +Per GameStop: + +FIRST QUARTER OVERVIEW + +• Net sales were $1.378 billion for the quarter, compared to $1.277 billion in the prior year’s first quarter. + +• Sales attributable to new and expanded brand relationships contributed to the Company's growth in the quarter. + +• Inventory was $917.6 million at the close of the quarter, compared to $570.9 million at the close of the prior year’s first quarter, reflecting a continued focus on improving in-stock levels in merchandise to meet increased customer demand and offset supply chain headwinds. + +• Ended the period with cash and cash equivalents of $1.035 billion as well as no debt other than a low-interest, unsecured term loan associated with the French government’s response to COVID-19. + +• Took steps to support the recent launch of a digital asset wallet to allow gamers and others to store, send, receive and use cryptocurrencies and non-fungible tokens (“NFTs”) across decentralized apps. The wallet extension will enable transactions on GameStop’s NFT marketplace upon its intended launch in the second quarter. + +• Continued hiring individuals with experience in areas such as blockchain gaming, ecommerce and technology, and operations, including a new Chief Operating Officer with a background in retail and stores. + +GameStop beat net sales expectations by analysts and net sales grew nearly 8% compared to Q1 2021. + +GameStop continues to invest heavily in its supply chain as evidenced by having $917.6 million dollars in inventory on hand. + +GameStop continues to be essentially debt free. This is a huge advantage in a time of rapidly evaporating cheap money. + +GameStop missed earnings per share (per analysts), but messaging from Furlong and the board has consistently foreshadowed this by pointing out that the strategy is to invest in long-term value growth for shareholders (aka spending money now to make shit tons of money later). + +GameStop released their digital asset wallet (via web browser) and continues to flesh out the NFT marketplace, which is going to be released before the end of Q2. + +GameStop has cash reserves of roughly 1.27 billion dollars. + +**Share Holder’s Meeting** + +All voted upon measures were approved. The most relevant for this DD is that the measure to expand reserve shares to 1 billion was passed. + +A quick refresher…remember that increasing the reserve shares does not automatically dilute any stock in the market. These are shares held in reserve by the company for future financial flexibility, defense against hostile takeover, share dividends, etc. + +As has already been beaten to death…they did not immediately announce whether a share dividend would happen. This was a legalese formality, no matter what the board ultimately decides, it could not announce an action immediately. Corporations have extremely regimented and formal processes they must follow before making impactful decisions. + +**What happened on Friday** + +GameStop filed an 8k with the SEC active as of June 3, 2022. + +This means GameStop officially has 1,000,000,000 shares in reserve as of yesterday. If your tits haven’t rocketed to Uranus already maybe the rest of this DD will help expedite that process. + +Oh yeah, and our favorite Chair-man, tweeted “Power to the players,” at essentially the exact moment the filing was listed online. Probably nothing. + +**What did not happen on Friday** + +GameStop did not officially announce its intention to proceed with a share dividend. + +I am operating under the presumption that the stock dividend is absolutely happening. If I’m wrong, then I’m wrong. + +# THE SWORD OF DAMOCLES + +Gary Gensler learned that his homeboy Kenneth Griffin loves sloppy tubs of mayo, so he’s taken a liking to slopping the warm gooey tubs himself, so he can pay homage. Gensler looks at Griffin sitting atop his financial throne (Citadel), and admonishes his king, telling him how fortunate he is to have such vast power and influence. + +Ken forcibly removes his head from a Costco sized jar of Mayo and asks his loyal disciple Gary if he’d like to change positions and be king for a day? + +“Hell yeah,” Gensler says, hopping up onto the throne. + +Our boy Kenny hops on his jet and chills near the Russian boarder again. Meanwhile back in Merica, Gensler sits atop his new throne and decides it’s time to put these pesky retail investors in their place. + +So he instructs the SEC to film videos calling out “meme” stocks, comparing them to tulip bulbs in the process. And of course he portrays average investors as idiots (it’s called Autism GARY). + +Then he doubles down and decides…Fuck it, what good is power if you don’t wield it. Let’s call them idiots and degenerates for using margin. And for good measure he makes sure comments are turned off. + +Gensler slops down some Mayo sandwich and checks the interwebs for mentions of his name and recoils in horror as he realizes he let his power go to his head…. + +**He broke the cardinal rule of the internet.** + +**Do not…under any circumstances…piss off Reddit.** + +Then, Gary looks up above the thrown and realizes that a massive, razor sharp blade hangs mere feet above him, held up by a single thread of horsehair. Even worse, a bunch of Apes are jumping on top of it, threatening to snap the thread at any moment. + +# The Sword of Damocles is an allusion to the ever-present peril faced by those in power. + +Our friends Ken and Gary are living everyday with the specter of imminent doom hanging over them like in the story. + +Now that GameStop officially has 1,000,000,000 shares in reserve, shit is about to get very very very real, and very very very dark for anyone short the stock. + +The Sword of Damocles is about to swing down. + +Let’s break down why. + +**Imminent Danger Reason 1:** + +**The threat of a share dividend** + +An incredibly clever Ape (who I cannot recall now, but if you see this hit me up and I will credit you), commented yesterday that the very threat of the share dividend now hovers over everyone short GameStop and everyone loaning shares, and I could not agree more. + +The fact that no-one outside of perhaps the board knows if or when the share dividend happens is going to be remarkably effective at putting maximum pressure on shorts. + +If you haven’t read part one of this DD, I’ll link it here: [https://www.reddit.com/r/Superstonk/comments/tuoeaz/the\_coming\_horrors\_awaiting\_shorts/](https://www.reddit.com/r/Superstonk/comments/tuoeaz/the_coming_horrors_awaiting_shorts/) + +I go through the mechanisms of how a stock dividend works, how it’s different from a stock split, and why it’s almost certain that all shares on loan will be recalled prior to the dividend ex-date. + +If you are lazy or tripping balls, it’s ok, I got you fam. Anyone lending shares of GameStop to be sold short is entitled to the share dividend still. Anyone who borrowed stock and sold it short is obligated to provide the dividend shares to the owner. + +Anyone big lending shares (for example Fidelity) has massive incentive to call back shares before the ex-date, because if they do, they qualify for something called DRD (dividend received deduction), that averts huge tax liabilities on any dividends received. If they do not recall their shares by the ex-date, they are on the hook to pay full tax on any dividends received. For someone like Fidelity that could mean hundreds of millions of dollars in loss. + +There are well-researched peer-reviewed papers that confirm the same thing…shares get recalled at the time of dividend issuance + +*JACOB R. THORNOCK: The Effects of Dividend Taxation on Short Selling* + +*“Using a proprietary dataset of short lending fees and quantities, I find evidence that the supply of shortable shares decreases and lending fees increase around the dividend record date. Moreover, I find greater increases in lending fees and decreases in loan supply for lenders that are sensitive to dividend taxation. The loan fee increase and loan supply decrease are consistent with a tax-induced shift in the loan supply curve.”* + +Shorts and brokers lending shares are in a very tenuous position now that GameStop has expanded its reserve shares. + +Based on my understanding of the updated rules, GameStop needs to notify the public only 10 minutes prior to share dividend announcement (an official announcement from GME that it intends to issue a dividend, which would specify the dates to qualify, the ex-date, and the type-amount of shares being issued). + +That’s a ticking time bomb my friends. One that could explode at any moment. + +If you are short and depending on borrowed shares to stay alive (not close your position at a massive, potentially catastrophic loss) you are utterly terrified that this bomb could go off at any moment. Since you need to borrow shares to stay alive, you’ll borrow them at outrageous prices (because that’s cheaper than getting completely obliterated). + +If you are lending, you know you can legally recall your shares at any moment. But until the announcement of a dividend, you’re fairly protected from downside. And you know that when you're lending shares to short GME that anyone borrowing them is probably struggling to survive. + +Well, that’s a good setup for very rapidly rising borrow rates. Has that been happening lately? + +As of writing this, Fidelity lists their borrow fee at 31%...which is absolutely insane. Fidelity’s borrow fee was less than one percent for a majority of the past year. + +Ortex data shows borrow fees into the mid 200 percent range. + +The fees aren’t that important for us, especially when naked shorting can still occur, but rather their a leading indicator of how screwed short positions are (they have no leverage and no choice but to pay astronomical fees). + +What we are seeing is a squeeze of sorts on borrow fees. + +Have shares been recalled yet? + +I am very doubtful that any large number of borrowed shares have been recalled yet. The main evidence to support this is well…the price. + +IF and WHEN shares are meaningfully recalled, you’ll know. Because the price of our beloved Stonk is heading towards Uranus. Imagine millions of shares being bought in rapid order (real shares, no IOUS). + +**Imminent Danger Reason 2:** + +**Supply, demand, and a shrinking exit** + +You are standing in line for a PS5 on black Friday. Inside there are only ten. Thousands of people are swarming around the front entrance of the store, waiting for the door to open. There is no line, no decorum, no procedure. It’s just an all-out battle to get one of the ten. + +Oh and the door is five feet wide. + +Oh and while you are waiting outside, a team of Apes in tactical gear drops through the roof and buys 4 of the original 10 consoles before the store opens (Apes don’t steal, we buy and hodl). + +Well…now the stakes are even higher. Everyone can see it happening, the number of consoles shrinking, and the crowd growing the larger, the exit door stays unchanged. + +Welcome to the current predicament that faces shorts as the Share Dividend looms, the NFT marketplace looms, and retail investors continue to remove more than a million shares from the DTCC via direct registration (DRS). + +Per GameStop’s latest 10Q: As of April 30th, 2022, 12.7 million shares of our Class A common stock were directly registered with our transfer agent. + +That’s a spicy meatball. + +At the current rate of DRSing, that means retail investors would DRS an additional 14.4 MILLION shares over the next twelve months. That would mean…more than 27 MILLION shares removed from the DTCC. + +The doors to exit short positions and find real shares are about to be completely overwhelmed. Stock dividend or not, retail investors are pushing shorts to the breaking point. There’s literally no defense against investors buying the stock and holding it (while removing it from the DTCC). + +**Imminent Danger Reason 3:** + +**Business Growth** + +GameStop’s on the precipice of a completely unprecedented pivot from brick and mortar retail store to web 3.0, fin tech, and e-commerce giant. We all know how immense the possibilities are with the NFT marketplace. By building it and partnering with Loopring and IMX, GameStop is trojan-horsing its way into creating a web 3.0 Amazon, decentralized bank, youtube, etc. + +It’s on the verge of eating the world of e-commerce…it’s just that nobody sees that yet outside of the board (and some clever Apes). + +What it means: + +Whether it happens by business pivot, retail buying and removing all the available free float shares, or the share dividend…shorts are completely screwed. The timelines on each of these scenarios varies, but the end result is the same. + +Infinite risk. Doom. A giant ass sword dropping onto shorts. + +RIP Dumbass. + +**Imminent Danger Reason 4:** + +**Everything else is on fire** + +Global financial markets are melting down. + +Inflation is running rampant. + +The US market is closely following a 2008 trajectory. + +All of this means that margin collateral held by shorts is burning up. Cheap money is rapidly vanishing. And…yeah shorts are screwed. + +# Fun With Numbers + +If you aren’t already jacked enough, let’s explore some fun numbers. + +Credit to Sam and Samgungraven for the original data verification below. And credit to any other creators involved with publishing these charts. + +&#x200B; + +**Tesla Split Squeeze:** + +52 week low prior to dividend announcement: $350 + +Upon announcement, Tesla closed at: $500 + +At time of Shareholder split vote Tesla closed at: $1,450 + +On date of Record for receipt of dividend Tesla closed at: $2,050 + +On date of dividend (coming 10 days later) Tesla closed at: $2,210 + +After stock Dividend (5-1 split) Tesla price per share: $442 Share price rose back up to: $1,243 + +Adjusting for price before the split, this equates to shares of Tesla (pre split) reaching: $6,217 + +**Tesla stock price increased 1,766 percent.** + +&#x200B; + +**Overstock Split Squeeze:** + +Overstock’s 52 week low around time of dividend announcement: $2.53 + +At time of Shareholder dividend announcement Overstock closed at: $11 + +At time of Shareholder meeting Overstock closed at: $5.50 + +On date of record for share dividend receipt: $11.60 + +On the date of dividend (coming 10 days later) Overstock closed at: $17.87 Overstock price rose to: $128.50 + +**Overstock’s price increased by 5,079.05%** + +&#x200B; + +**GameStop (if following Tesla’s trajectory):** + +52 week low: $77.58 5-1 dividend + +$77.58 x 17.66 (1766%)= $1,370 per share. + +If you own 50 shares pre 5-1 dividend, at current prices your account would be worth: $6,685. + +Then you receive an additional 250 shares, for a total of 300 shares. + +After a Tesla like squeeze, your account would now be worth: 300 total shares x $1,370 = $411,000 + +&#x200B; + +**GameStop (if following Overstock’s trajectory):** + +52 week low: $77.58 5-1 dividend + +$77.58 x 50.79 (5,079%)= $3,940.28 + +If you own 50 shares pre 5-1 dividend, at current prices your account would be worth: $6,685. + +Then you receive an additional 250 shares, for a total of 300 shares. + +After an Overstock like squeeze, your account would now be worth: 300 total shares x $3,940.28 = $1,182,000 + +\--- + +Wow. That’s a lot more tendies than we started with. + +Before I am accused of price anchoring though, let’s remember that GameStop is more heavily shorted than Tesla or Overstock were. And retail investors across the globe are rapidly removing a significant chunk of the free float via DRS. + +As a wise man once said...No price target...just up. + +&#x200B; + +# What I think happens next + +If I were a betting Ape (and I am), I would expect GameStop to announce a share dividend next week or the week after, with an ex-date falling sometime between the last week of June and first few weeks of July. + +I would anticipate borrow fees to remain very elevated until right before the ex-date. + +In the days right before the ex-date I anticipate share recalls to begin on a large scale, leading to serious price escalation as shorts are forced to buy real shares back at a loss and deliver them to their respective lenders. + +This process of share recalling could itself set off MOASS, with unstoppable price escalation well into the danger zone of margin calls and liquidation events. + +If that does not happen, expect the dividend to hit our accounts and price to dilute (but from a very elevated state due to share recalls). Then expect steady price escalation back up to very high levels again as shorts close or are liquidated because they fail margin. + +If the unthinkable happens and somehow MOASS hasn’t already ignited by the process of this post dividend price escalation (this would require some sort of escape mechanism I cannot foresee…and one I haven’t heard a convincing argument for existing at all), then expect shorts to get demolished anyways if any one of the following happens: + +1. Global economic meltdown (looking super likely) +2. The NFT marketplace and core business keeps growing and thriving +3. GameStop deploys another move like an NFT dividend +4. We DRS all of the shares (or the vast majority) and setup a VW like squeeze scenario + +In short, we’ve all placed a terrible hex upon their names and now we are dragging them straight to Hell. + +Obligatory Buckle Up! +With the recent wealth tax chatter I am curious to hear from people that might actually be impacted ($50m NW). What is your thinking here? 2% Wealth Tax with compounding can have huge consequences. +Unfortunate Criminology student here, think it’s a popular degree so probably lots of people in my boat. 12 months out of Uni, was unable to get my foot in the door with an internship due to COVID and now working part time at a clothes shop for $22 an hour while doing an extra Diploma to try and make myself more marketable. I’d imagine it’s a similar story for a lot of people so would love to hear from you! And if you’ve managed to graft yourself into a good position then would also love to hear your story! +I've got 200-300 to mess with which I understand isn't a lot but I'm in high school with a summer job and that's 30% of my income. + +I looked around and investing this low it seems to be that Robinhood is my best option because of their lack of account fees, please correct me if I'm wrong + +Is there anything I should know right off the bat about investing, all I really know is you buy and sell and different stocks rise and fall depending on the state of the company. + +At this age how safe should I go about this, I always hear when you're young try risky investments but does that still apply hear +I like to sort this sub by “new” to keep up with the latest, but lately I have seen way too many “I’m new what do I throw all my money into” posts, & honestly it’s getting really damn annoying. Some people are just demanding the answers get handed to them. + +It’s not like you even have to do a ton of DD on your own - this sub is a goldmine of information (& this is where I’m going to interject a big “THANK YOU!” to the people who take the time to do write-ups). + +You can’t even be bothered to lurk here or be grateful when someone directly links you some DD? Are you really going to just take whatever recommendation someone throws at you & possibly lose everything, simply because you’re that lazy? + +The in-sub search bar exists, along with Google. Learn how to use it. + +Edit to add: someone who commented here was very salty that I was posting this when I have not contributed my own DD post. + +I know I don’t need to justify this but for anyone who wants to try to come at me for the same thing, I don’t/haven’t posted any DD because I simply don’t have the time or energy to compile anything I find into its own post. I am juggling a full-time job with also being a full-time student, in addition to my own personal responsibilities. I have an equity research background & currently work in the finance industry. I am more than capable of researching on my own - I am in this sub because I enjoy seeing other peoples’ opinions. Reading this sub (& others on Reddit) is literally how I relax. + +I shouldn’t need to have to defend myself, but apparently one or two people out there are feeling called out. If you’re offended by this, maybe you should reflect on why. 💖 + +Edit 2: because apparently this needs to be clarified again, I mean if you’re too lazy to at least read, not calling out people who don’t post DD. I obviously don’t. But I am NOT too lazy to read & search for the information when I need it, on or off this sub. + +Edit 3: thank you all for the awards, but save your money for your penny stocks!!! WE GOT MONEY TO MAKE Y’ALL! + +Edit 4: if you’re gonna award anyone, give it to those who do the great DD that makes sub what it truly is. :) +My wife and I are in our late 20s and are at the verge of fatFIREing. We've always wanted to retire early and never really considered working until we were old. + +Regardless, today, on a whim, I decided to look at how much our net worth would be if we kept up our current annual savings until we were in our 70s, with 10% annual growth. I was shocked to see that we would actually have crossed the $1B mark. + +Since then, I've kind of been second guessing our idea to retire early. My wife and I are really into philanthropy and the thought of being able to save hundreds of thousands of lives with that money makes me feel extremely selfish for wanting to retire early. I actually enjoy my job and giving up on being able to help so many people just so I can retire 40 years early makes me feel so shitty about myself. + +Have any of you ever experienced this? How did you deal with it? +[https://www.cnbc.com/2022/10/27/elon-musk-now-in-charge-of-twitter-ceo-and-cfo-have-left-sources-say.html](https://www.cnbc.com/2022/10/27/elon-musk-now-in-charge-of-twitter-ceo-and-cfo-have-left-sources-say.html) + +>Tesla CEO Elon Musk is now in charge of Twitter, CNBC has learned. +> +>Twitter CEO Parag Agrawal and finance chief Ned Segal have left the company’s San Francisco headquarters and will not be returning, sources said.  Vijaya Gadde, the head of legal policy, trust, and safety was also fired, the Washington Post reported. +Looking to broaden my portfolio into dividend investing. I currently buy an sp500 based fund in my 401k and have some individual stocks (some growth only, some growth with dividends and some just dividends only), but am looking to really get into dividend investing as the main bulk of my portfolio for both growth and dividend income purposes. I really think SCHD is a solid option from my own research and what I've seen here, but am looking to try and pick another dividend ETF that can help me not overlap too much. I've considered things like QQQ, VTI, VIG. I'm planning to buy and hold long term and for context I'm 27. Would love to get everyone's thoughts on what could be best. Thank you! +Let's say hypothetically that on July 1 2020 the planet's food productivity instantly decreased by 25% while our population increased by 25%. Return to status quo after 20 years, with food productivity scaled to meet population. What sorts of investments would you be looking at? + +For example, would having an agricultural ETF be good because demand has drastically increased, or bad because productivity has drastically decreased? Or both? + +What ways could you protect yourself from unknown government responses to the crisis? +https://www.motortrend.com/news/tesla-general-motors-ford-shares-analysis-car-wars/ + +>Tesla has held about 70 percent of the EV market share in recent years. That is forecast to drop to a mere 11 percent over the next four years, says John Murphy, the Bank of America analyst behind the annual Car Wars report that looks at the auto industry and predicts which companies are on a winning path and which are not. + +>Musk's apparent idea that the supposedly unsophisticated auto industry didn't know how to manufacture came back to bite him when he learned firsthand how hard it is to make cars, learned that those legacy techniques work, and was forced to adopt them. "That was a big miss on his part," Murphy says. + +I have said before that I won't touch Tesla stock either way, because underestimating has proven a mistake, even in the face of obvious headwinds... but other manufacturers are releasing _135 EV models_ over the coming years, so something is going to stick. We've already seen demand exceeding supply for the F150 and Mach E. + +>"He is launching new product at a slower rate, he does not have a full product portfolio, so there is a huge opportunity for other competitors to shoot the gap and catch up," + +Tesla does not have a real SUV, they have hatchbacks. There is a huge market miss there. They don't have a truck, and that is a _huge_ moneymaker for auto manufacturers. They don't have anything compact or "cheap." + +It's important to note after all of this that the share of cars being EV is increasing, so even with falling market share expect their production to increase. But I don't think it's going to be 90% of the market as some Tesla bulls predict. + +Tesla's EV market share in Europe declined from 31% in 2019 to 13% in 2020. Last month it was 10% market share. A declining share can happen. +Hi! I am 23 years old and I make $45,000 annually but am getting a promotion soon and will make about $50,000. I live in a high cost city so almost half my current paycheck goes to rent and living costs. I have been putting about $500 a month into my savings account, sometimes less, sometimes more. My savings is currently at $22,000 and I have 1% of my salary being deposited and matched in a 401k (I plan on increasing this to the match max come November open enrollment). Should I also put money in a Roth IRA or another investment? How should I go about finding what to invest in? + +I am also interested in buying a house in a few years and to rent out the other rooms to save money... idk if this is actually possible but it’s something I’d like to factor in for the time being. +....but that'll never happen because keeping the common person in the dark is in their best interests - those they've been elected to serve. + +if they did this we would really see how much is wasted, how much goes into their back pockets and those of their friends. it would reveal inefficient, overpriced contracts given to businesses in return for bribes; expenses for lavish hotel rooms and dinners, not to mention simple costly mistakes born of incompetence. all of this could be on record - corruption could be evidenced and charges levelled. + +but no, it's too insecure; we need to raise taxes and implement regulation because the people don't know what's best for them. what a fantastic society we inhabit. +Ok so the price is looking dope today right? + + +WRONG. The price is wrong. + +TSLA is green today, the volume isn't that crazy, my account doesn't look like a phone number, no voting results are out, and my tits aren't even jacked. + +What is $330? That supposed to get us distracted? Get that shit outta here. Watch this drop back to $180 and the msm articles start talking about new "meme stock millionaires". But it'll all be a lie cus this baby is primed like Optimus and when that moass engine really starts revving you'll hear the roar of excited apes round the world. + +This isn't even our final form. Fuck this $330 BS. I'm waiting for $20000000 to show up in that ticker. + + +Edit: Alright the morning run has settled a bit. Check those volume candles. It's all for show today. Time to buy some more! I appreciate everyone asking "who thought this was the squeeze?" Because I'm not sure if anyone even thought that but of they did I'm happy to remind folks: + +The squeeze is when there's severe trading halts +The squeeze is when big green dildos fill up your screen. +The squeeze is when the rest of the market is crumbling and we're still holding. +The squeeze is coming, but it's not here yet. + +Edit 2: Removed "is that a share price for ants?" because I love our ant brethren. Apes and ants together strong. + +Buy. Hold. That's all we gotta do. + +🦍🦍🦍🦍🚀🚀🚀🚀🌕🌕🌕💎👍 + Taking what I have written in [Parts 1](https://www.reddit.com/r/BurryEdge/comments/pu5g13/inflationary_depression_part_1_the_everything/?utm_source=share&utm_medium=web2x&context=3) and [Part 2](https://www.reddit.com/r/BurryEdge/comments/q6vflb/inflationary_depression_part_2_inflation_before/?utm_source=share&utm_medium=web2x&context=3) (you can view each by clicking the links). Part 1 is about the Everything Bubble, and Part 2 is about Inflation before Recession. I think we have enough information to figure out how to make strategic bets to protect ourselves from the impending increased inflation and the governments response to the inflation. + +**The Economic Environment** + +Interest rates have bottomed, as was explained in Part 1 and Part 2. We have put more Government money into the economy than any other time and we have increased M2 more than any other time in history. + +Well, in response we have gotten an economy that cannot handle the amount of demand that it has produced. The output gap produced (as was discussed in Part 2) has resulted in shortages across the board. This has given us inflation that the government had not prepared for (who could have predicted all this government spending would lead to inflation). Consumers are picking up steam with the latest data showing a huge increase in houses bought, consumer confidence increasing, delivery times picking up, input price increases and working demanding more pay. + +&#x200B; + +Chart 1. Delivery Times (Along with Input and Output Prices) along with Core CPI Inflation showing a clear correlation + +As you can see shortages are causing huge increases in delivery times and prices (with core inflation skyrocketing an important tool to try to predict what the Fed will do). Now how can we tell this is a fiscal stimulus problem? Because the US is the only one experiencing problems on the scale we are seeing here in the United States and the United States were the only ones to stimulate the economy in the extreme fashion that we did. (If your subreddit does not allow pictures I would check out Part 3 on [r/BurryEdge](https://www.reddit.com/r/BurryEdge/) so you can see the charts I have posted, I find them to be extremely important). + +With basically every consumer goods company reporting shortages with insane demand which is coupled with the great resignation (discussed in Part 2) we have workers working in overdrive while not having wages that are keeping up with inflation. This has caused strikes across the board in what media is calling “striketober” as workers demand better conditions and more pay (this is extremely important). This *could* be the start of an unanchoring inflationary event known as the wage cost spiral. This is when workers expect more money to make up for their losses from inflation, this leads to higher input costs, which leads to higher output prices/higher inflation. This creates a feedback loop that can cause inflation to become unanchored in a negative manner. This is something we must keep a close look on. I believe if the John Deere strike results in success and they get higher pay, we could see more workers take notice and request higher pay across the country (I believe that strike specifically is the most important to pay attention to). + +Now where are we seeing shortages and increased expenses? Well basically everywhere, from semiconductors, to food, to fertilizer, to precious metals (such as magnesium, steel, aluminum), commodities (coal, natural gas, oil), coffee, housing, paper pulp (Paper is up roughly 50% from last year and experts expect another toilet paper shortage along with books), Lumber/Wood again, HVAC systems, Chicken, and the list just keeps going. + +**Why this isn’t transitory and could become dangerous** + +Well, we just need to wait on the pandemic right, this is just supply chain kinks, right? Wrong, if you look at the above charts, Charts 1 and 2, you will see where the supply kinks fixed themselves around March. What we are seeing is demand driven shortages due to an economy operating at a pace that it literally cannot handle especially with a drop in potential GDP (Part 2). This demand is now hitting us due to pent up savings (discussed in Part 1 and Part 2), and the previously discussed fiscal stimulation (Part 1 and 2), and Covid coming to an end in the eyes of consumers. This is also the first Covid free Holiday season being celebrated by most Americans in almost 2 years. We are seeing shortages pick up in September/October because consumers are worried about inflation/shortages and are starting to pick up the inflationary mindset (Part 2), another possibly dangerous unanchoring event that we must pay attention to. So how do we make money on this? (I know you’re just thinking “Finally!!!!”) + +**The United States Treasury Bond** + +As discussed in Part 1and Part 2, the US has been increasing M2 at a breakneck pace and the economy has gotten near levels that the Fed will consider “tapering” or the reduction of Quantitative Easing (Part 1). What this means is that the money supply will stop growing as fast, as the government stops buying bonds to flush markets with cash (that’s basically all QE is). Now, for those of you who do not know, there is a correlation between treasury bond prices and treasury bond yields. They work inverse so when bond prices go up, bond yields go down and vice versa. Well, when the Fed begins to reduce its bond buying this will cause bond prices to go down as result to a reduction in demand. When the prices of bonds go down yields go up (This will be discussed more in another paragraph). This causes a double effect of not only decreasing the money supply by reducing bond buying, but it also causes a decrease in the money supply by increasing rates. And based on our core inflation readings from earlier with the shortages getting worse, I think it is safe to say that tapering will begin on November 2nd. This is why the 60-40 rule of stocks to bonds is now longer good risk management because stocks and bond now move + +Currently private investors are not buying treasuries, and neither are banks (as of recently). The only large buyer of bonds currently is the Federal Reserve meaning that there is no demand at current levels if the Fed stops buying, leading to a reduction in bond prices. This is where we will begin the thesis for our short on 20 year treasury shortages in the form of the $TLT ETF. As tapering decreases we will see TLT increase to the long term inflation expectation rate of roughly 3% (this will increase as inflation increases of course, this expectation can easily change with inflation fears). Current 20 year bond rates are at about 1.7% today, which means we can expect at a minimum, an increase of about 1% in 20 year bond yields when tapering begins to reduce. A 1% change in bond yields leads to about an 18%-20% decrease of TLT (Remember this is the minimum amount it will drop from just tapering). + +As investor fears about inflation picks up, this could cause rates to increase faster, as less investors want bonds so they demand a higher yield. This also does not take into account the Federal Reserve moving up its timetable for a federal fund rate hike which would lead to a money crunch and a further increase in bond yields as demand reduces. So a short on TLT is one investment I think is a good move since I see a minimum drop of roughly 20% (or a buy on TBT which just works as inverse). These are 2 vehicles I would look into for investing against inflation. + +This could’ve had more detail but I think it gets the point across, if you have questions please comment below. + +**An Asset Crunch** + +As I said before, stocks and bonds have moved in tandem in recent years. This new correlation is why you should also begin to short stocks. Well first let’s discuss why they move in tandem. It’s because the yield of a treasury bond is the discount rate used by the market. If there is confidence in the dollar/Fed, then companies will use this as their discount rate. So, when interest rates increase, the value of all stocks decrease due to this discount rate, it also acts as a money crunch since less money would be borrowed. Also tapering is decreasing as well, which has the double effect of increasing rates and reducing the money supply. So obviously this would *normally* only cause a small effect on stocks, unless they are in a bubble (or overleveraged). As we learned in Part 1, stocks and houses, are in a bubble. Now why would stocks in a bubble be a larger cause to worry. Well stocks in a bubble, act as a Ponzi Scheme. Now bear with me for a moment while I explain. A bubble is when an asset ignores its underlying intrinsic value and people simply invest in it because *someone else will invest in it leading the asset price to increase*. A bubble implies that individuals aren’t paying attention to the business, they are expecting to make a return based on the ***sole reason*** that someone else will want to buy the stock, not anything to do with the underlying business. Now when the money supply decreases or the discount rate increases, there is no next man up to pay for the asset. As with a ponzi scheme, when there are no more buyers everyone begins dumping their shares because it is now impossible for the asset price to keep growing and if something isn’t growing (especially in an inflationary environment) this will lead to a total collapse of the price until it becomes something worth of value. + +This doesn’t include price pressures put on by shortages or the volatility that can be created by options. I suggest anyone who is reading this to read the thread by @ thelastbearsta1 on twitter regarding volatility. This explains why an asset crash will not be as long as the bubble burst in ’99 but will be a sudden and flash crash among stocks in a bubble (along with the fact that option buying is at all time high levels, possibly causing reverse gamma squeezes). My personal choices for these “bubble stocks” are Tesla (if you’re about to argue with me on this, think about the fact that Tesla went up 100 billion on a 4 billion revenue, not profit, contract), almost any EV company, [Roku](https://www.reddit.com/r/BurryEdge/comments/qc2gkl/roku_an_arkk_holding/?utm_source=share&utm_medium=web2x&context=3) (this is one of my favorites), new tech IPO’s, ARKK fund (Basically the biggest bubbles that are expecting more growth, that higher interest rates won’t allow), some space companies (or other government contracted companies due to the government having to pay more interest on future debt), and many more. These companies are not necessarily bad companies, I think Tesla is a great company and managed well by Elon Musk, but it is in a massive bubble and there’s no way investors are expecting meaningful returns from the business. As well as those companies, you should also look at any company overvalued based on a huge amount of debt where they are taking on more debt to grow (an interest increase causes debt to get much more expensive). I also suggest finding value investments as they thrive in a higher interest rate environment while growth stocks suffer, one of my favorites is [DISCK](https://www.reddit.com/r/BurryEdge/comments/pgvbk7/what_burry_sees_in_discovery_inc_disck/?utm_source=share&utm_medium=web2x&context=3) which is merging with Warner Bros (A spin off of [AT&T](https://www.reddit.com/r/BurryEdge/comments/qc48so/i_finally_realized_why_burry_bought_disck_while_i/?utm_source=share&utm_medium=web2x&context=3)) , but I would wait until DISCK finds some solid support. + +These are the companies I would investigate and then identify the best choices, I don’t have DD for these suggestions which is why you should not invest without doing your own due diligence!!! Details were skipped here obviously but I am giving you the overall idea of why I have gone short on certain positions, and I am relying on you to dig deeper or find some DD as it would take me a long time to go into each individual stock. + +**We have got to capitalize on Shortages** + +Shortages are also a great place to find gains, although most ETF’s regarding commodities are already at extremely high levels. We should also look at companies that are still set to benefit, I really like [SXC](https://www.reddit.com/r/BurryEdge/comments/pn4o2s/suncoke_energy_sxc_worth_a_look/?utm_source=share&utm_medium=web2x&context=3), [OVV](https://www.reddit.com/r/BurryEdge/comments/prw3ay/michael_burrys_new_oil_play_ovintiv_ovv/?utm_source=share&utm_medium=web2x&context=3), and [STNG](https://www.reddit.com/r/BurryEdge/comments/pmunyt/stng_an_undervalued_opportunity_in_a_cyclical/?utm_source=share&utm_medium=web2x&context=3). We have some great DD on those 3 stocks on [r/BurryEdge](https://www.reddit.com/r/BurryEdge/) if anyone would like to look more into those stocks, as they are all undervalued stocks. OVV is a natural gas and oil company, meanwhile STNG is a petroleum transportation company. Both have great write ups and are companies I am personally invested in (I’ve made roughly 25% in just stocks from those 2 and I believe they have more upside). SXC is an investment in coke steel plants (a great way to take advantage of steel when scrap prices are high). Some of the ideas that has been discussed are ideas in the food industry as well. Another way to capitalize on this is in a retailer that has prepped for shortages and are in an advantageous position such as WMT, a stock I have written DD for as well, and you can read more information on why I believe they are specially built for a shortage’s environment in the coming months. Just be on the lookout for shortages and honestly following [r/shortages](https://www.reddit.com/r/shortages/) to follow future trends is probably not the worst idea. If you can get ahead of a shortages curve you can make a lot of money. Once again, I could have written much more but our community has other written pieces out there going in more detail, and I have given you the overall thesis for things to look into. If I were to jump into individual stocks I would take up way too much room. + +Overall, in summary, inflation is here to stay, and we need to protect ourselves against it. I wish each of you good luck and I hope the information I have provided will help all of you achieve more financial freedom. I’m sorry for any spelling mistakes or grammatical errors, I hope it did not take away from the information given. + +*Remember I am not a professional nor do I claim to be. This is not investment advice, but merely musings from an amateur investor. I have positions in most of the positions listed above, they are through different types of securities such as Calls, Puts, and Stocks. If you choose to invest in any of these positions, you should inform yourself and do proper Due Diligence . The decision to invest in any position is yours and yours alone.* + +**A special thanks to everyone who has followed and supported me through this 3-part series.** + +Thanks to all of you who followed my series, as I thoroughly enjoyed all of this. I found all material independently and I received feedback from the BurryEdge community, they have helped me form my thesis on inflation and have given various stock ideas to help make money against it, so if you’re interested in this material, please join that community (In regards to the paragraph regarding stocks and interest rates, I would expect BurryEdge to produce more DD’s on different bubbles over the coming months). Thanks to all of you who have supported me through the toxic/rude feedback and a special thank you to all of those who critiqued me in a respectful manner and helped me look at new perspectives. +I posted this the other day on r/StockMarket and got wonderful responses so I thought I’d share it here too. Now, I understand this information might be more basic and rudimentary for this sub. I share it fully acknowledging that fact. Nonetheless, I do think some of the points below can be beneficial for some people. + +## Key points: + +* A lot of everyday investors make investment decisions without understanding what they’re really investing in. Most people speculate, don't be most people. +* Investing is an informed decision on the basis that your shares (or any other asset) will one day earn more money, and therefore be worth more, than what you paid for it; Not the other way around. +* Invest like a landlord. If you choose to invest in a company, you should follow earnings of your shares as if you were a landlord collecting rent, quarter by quarter I recommend using owner’s earnings. After all, they are your earnings. +* Investing in individual companies is well worth it as long as you adopt the right mindset. The earnings automatically come to you, you have extremely capable and smart people literally making money for you, and you are taxed less than your income! + +## Investment guidance is fragmented and confusing + +The investing space is highly fragmented, filled with a dubious amount of noise & misinformation, and can be downright confusing. But investing at its core is straightforward. With the proper knowledge and framework, you can accumulate a lifetime of wealth. + +## What is investing? + +Investing is the act of foregoing a dollar today to get more dollars tomorrow... plain and simple. It is an informed decision, based on logic and facts, on the premise that the asset you're investing in will produce valuable goods and services that will one day exceed what you paid for to acquire the asset. This applies to all sorts of investments — stocks, property, bonds, a cornfield, etc. Regardless of the asset, investing remains the same throughout. In the context of stocks, this is reflected in their earnings, i.e. how much will company earn for the duration of your investment. + +## What investing is not + +Investing is not buying an asset in hopes that someone else will buy it for more than you paid for. In the context of stocks, investing has nothing to do with how much the price of a stock has gone up or down and trying to sell at it's peak. Banking on someone more [foolish](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwiVroao_K3yAhVb7nMBHUtJAmEQFnoECBEQAQ&url=https%3A%2F%2Fwww.investopedia.com%2Fterms%2Fg%2Fgreaterfooltheory.asp&usg=AOvVaw1LHhubcsWAa0-XwEi5S6MT) to buy subpar and unproductive assets from you is speculative and unsustainable. This is gambling not investing — a recipe for disaster. + +Likewise, statements such as “the US government is pushing for clean energy initiatives and therefore, Tesla stock will be going up" or "Amazon reported sales growth of 40% so the stock is a buy" are worthless. This is wishful thinking and is lazy. Companies make money because they produce goods and services people are willing to pay for and have structural advantages that make them preferable to their competitors and therefore earn more. + +Investing in a stock is not buying a piece of paper hoping the sucker goes up nor is it some form of wishful thinking. Most people think like this and lose money. Don't be most people. + +## Become a landlord + +To become a good investor, you must think like a landlord. What I mean by this is just like a landlord keeps track and collects his rent every month, you must track and total the earnings of your shares. Understand where they come from and ignore how much your shares have gone up or down. When the value of your property falls 10%, you don’t sell it. You look at your rents and whether or not your rents has also been negatively affected. The same applies for stocks. + +And the best part? You don’t have to do any work such as maintaining, marketing and, selling your property as long as you do proper research. Your earnings are reported automatically, you don’t have to collect them, or worry if people pay late. Why would you not invest if every time Apple sold an iPhone, a percentage of that money goes to you?! + +*A few of you might think that you should just track dividends because dividends are what you're receiving. This is misguided. You must track the totality of earnings as some earnings will be retained to reinvest in the business and grow future earnings. This figure is known as owner's earnings and can be calculated relatively easily. More on this next time.* + +## Many people speculate, few invest + +Investing is pretty simple to understand, but difficult to execute. The first step to becoming a good investor is to start thinking like one and stop speculating all together. Statistically and anecdotally speaking, most retail investors fall into the speculative camp. This, by the way, extends to "long-term investors" who, in their best intentions, invest in companies in industries they believe to be the "future" but aren't able to pinpoint the earnings and returns of the companies they're investing in. If you're not going to track your returns, the money that you are earning/accumulating as a shareholder every quarter, and your subsequent yield then do not invest in individual stocks. Doing so is not investing! It is merely wishful thinking clouded by euphoria and misguided beliefs. + +Instead, invest in an ETF that mirrors the S&P 500 every month, do not touch it and let your money compound over time. It will provide satisfactory returns... much better returns than most investment vehicles. + +However, I would really urge you to consider investing in individual companies. It is well worth it (this [chart](https://www.barrons.com/articles/berkshire-hathaways-investing-returns-a-breakdown-by-numbers-51582633800) says it all\].) I might make a post on why you should invest in individual companies and how to figure out what companies are worth investing in or not. Let me know if you’re interested. +Guys, I think I'm on to something. + +&#x200B; + +https://preview.redd.it/rqsy0b1d0z171.jpg?width=400&format=pjpg&auto=webp&s=02b9e440b6b150e2f6871f9e8f74eb73c874dd7f + +If you look at the site itself, there are 4 slot spaces where you can enter text into the tombstone. + +1. SOME NAME +2. 1957-2007 +3. YOUR MESSAGE APPEARS +4. ON THE TOMBSTONE + +&#x200B; + +The name "Ryan Cohen" IS NOT ENTERED IN LINE 1. + +THIS TOMBSTONE IS NOT FOR HIM. But it does send a message. + +&#x200B; + +&#x200B; + +https://preview.redd.it/8h2vhnaf0z171.jpg?width=400&format=pjpg&auto=webp&s=ae30f13d3810ca005dd45b9d3d788a8d9eaf8d6a + +&#x200B; + +The name Ryan Cohen is entered into the DATE slot space. + +and then in the 3rd (or 4th) slot space, you enter YOUR MESSAGE. + +&#x200B; + +RC is saying that he is (or he controls) the date when the HF's get liquidated. die. cease to exist. + +and his message to them? + +R.I.P. Dumb Ass. + +I'm sure there is some sort of connection to it being a crypt and something something crypto something. lol. + +and I think I did read on that page " The only limit is your imagination. " + +&#x200B; + +either way, + +I'M JACKED TO THE TITS. + +&#x200B; + +i like the stock. + +BUY HODL VOTE, apes. + +&#x200B; + +EDIT 1: I was thinking as I was taking a piss and I seem to remember the quote, " I am become death, destroyer of worlds." at the creation of the atom bomb. + +and then I remembered Elon saying," I am become meme destroyer of shorts." + +RC might be staking that claim but instead of the atom bomb, he is speaking of the biggest financial MOASS the world has ever seen. + +connection? I dunno. But it sure does do something nice for my confirmation bias. + +Something like going from 6 o clock to high noon if you know what I mean. + +&#x200B; + +EDIT 2: + +I also think that by leaving the name slot intentionally blank, RC IS LITERALLY INVITING ANYONE WHO WANTS TO SHORT GME... + +TO THEIR OWN MOTHERFUCKING FUNERAL. + +&#x200B; + +in other words, he left the name slot blank because any hedgefund short GME is writing their name in themselves. + +LETS FUCKING GO. + + +EDIT 3: + +guys, RC is not merely trying to center his text. For all of you saying that, did you even go to the site and make your own tombstone? No you didn't. I know this because I did. I had multiple windows open testing every line and space available (there is a character limit per line) and I compared/contrasted it to RC's tweet. u/wolfandlight put it best: + +"I also went onto the site and checked if the lines auto-condensed. They do not. There is a literal space that corresponds to each line of text whether it's inputted or not. + + And yes, can confirm. Ryan Cohen is indeed in the second line that is meant for the date." + + +go and try it for yourselves. +Lots reporting this afternoon that Ofgem's energy price cap is set to be even higher than predicted. Up 64% in October and a further 4% in January. + +Martin Lewis discuss it on Twitter here: https://twitter.com/MartinSLewis/status/1545412960096485376?t=SjWHVARVq9O7oeaALXYRAw&s=19 +Hi all, I have worked in the same company for 9 years. Starting to get itchy feet and I’m continuously looking at jobs and can see it’s likely I can earn more money doing a similar role. + +The only problem is the company I am with is a very large and what I would class as a ‘safe’ company to work for.. e.g. work didn’t dry up during the pandemic, i had no worries during this time work wise. With the horror stories coming up where companies may be going bust and cost of living etc.. I wonder if the grass is actually greener or not. + +It got me thinking has anyone made the ‘jump’ from a safe/stable job and found the grass wasn’t greener or are you glad you made the switch. +Long time reader, this is not supposed to be a provocative question. + +Why is 99% of posts here about ETF's? People diversify withing various ETF's or stocks, this is not diversification imo. +When people ask about real eastate, gold, not to mention crypto they get bashed. + +I'd understand it somewhat if this would have been an ETF focused subreddit but it is not, it I'd about how to handle your finances in Europe. + +There is much opportunity out there, apart from the above mentioned one might look into participating in startup rounds, lending markets, buy something like as 24/7 car wash station, vending machines and gazillion other things if you want to think outside of the box a bit. +If so, how? What did you use the money for? + +I'm not *wealthy* wealthy. But my networth did increase 20x since the beginning of the pandemic. + +I was ecstatic at first but now I feel like I'm back at my baseline level of happiness since before the pandemic. I mean the only thing that's new is that I've been eating out at various restaurants... Or I'll be the one to treat when it comes to buying drinks. + +But other than that I don't feel more satisfied or happy with life. Which has filled me with existential dread lately. Like I spent all this time chasing after wealth and a good paying job, only for my level of happiness / satisfaction to just remain the same... If I had known that I would've just spent my time persuing work that would've been more meaningful to me. +It seems to be a routine thread on here, in the form of ‘I see so many expensive cars on the road, they must all be on lease, why do people spend so much money each month’, and there’s a chorus of comments in agreement explaining how they could have invested their money instead. + +Some people like being clever with money, some people like expensive cars. + +Personally, I’ve got a reasonably well paid job in tech which is fairly high stress, and the only reason I have it is because I have a passion for cars, and love changing every year or two. + +I don’t drink or smoke, care particularly about designer clothes, or want a big house - I just like cars. + +If I didn’t like cars so much, I’d love to be a barista or gardener or something, but I specifically earn enough *to* spend it all on cars. At least this way I get a decent pension etc. + +Different strokes for different folks. +I saw no discussion in this subreddit on [the CDSL data breach.](https://www.thehindubusinessline.com/markets/stock-markets/cdsl-undermining-the-data-exposure-issue-himanshu-pathak/article37379449.ece) If full KYC details are out there for sale, it sounds quite scary. What are the possible risks, and how can we mitigate them? +I deposited a 4K check(half was going to pay off one of their credit cards) and I get this 15 day hold bull shit at the register. They said to call in 48 hours to see if I can get it resolved so I try and it’s like a 20 minute hold time apparently. It’s like these banks find every nook and cranny to pvss you off. + +Update: got my funds by calling in. These mofos would’ve legitimately held on to my money if I didn’t call them. +Over the last decade or so, I’ve had numerous friends hit impressive (though arbitrary) wealth targets only to end up on the other end feeling lost / confused as to what they can and should do next. + +The concerns I hear (and have dealt with these myself + seen tons on this sub) generally fall into two buckets: “what should I do with my time?” and “do I have “enough” to do what I want to do with my time?” + +I’ve been considering building out an “enough calculator” in Excel that has inputs around liquid net worth but also inputs for time-spending activities like travel, volunteering, philanthropy, part-time work, etc.... + +Ultimately, it would help people map out how they could comfortably spend their time + money and also answer if they have “enough” to spend their time in the ways they wish to. + +Would this type of calculator be useful for you? I simultaneously feel like almost everyone in this sub is capable of doing this themselves, but also that so many still seek validation that their plan is sound. + +Let me know and also please share any ideas you’d like to see in this calculator and I’ll build out a V1! +> His nomination suggests the importance of biology expertise in the midst of covid-19 pandemic, which has killed almost 400,000 Americans. + +>Biden also named MIT Vice President for Research Maria Zuber, a planetary scientist who led efforts to map the surfaces of the moon and Mars, and Nobel chemistry laureate Frances Arnold, a pioneer in synthesizing artificial proteins, to head the President’s Council of Advisors on Science and Technology. + +>They will be the first women to co-chair the council. + +https://www.washingtonpost.com/science/2021/01/15/biden-lander-ostp/ +They're offering a couple months severance and healthcare through the end of the month, but I'm terrified. I have asthma and am a cancer survivor, so good health care will be unaffordable for me individually. I need a job to get on an affordable health plan. + +Also, I bought a condo in a HCOL area recently ago, so most of my savings were depleted after the closing (I live alone and don't have any other income). I know to immediately suspend subscriptions and streaming services, etc., but any other suggestions are appreciated. This has never happened to me before so I'm in shock. If my manager had punched me in the face, it couldn't have hurt more than this does. I don't know how to tell my family. + +If you have recommendations, please share. Do I take the severance? Do I ask for more? I've already started to apply to roles, but as a former hiring manager, I know this is the worst time to be looking – especially with all the other newly laid-off folks looking too. All advice appreciated. + +Edit 1: Thanks so much to everyone to who has responded, either with practical advice or well wishes. Very grateful for the wonderful tips – I'll be putting them all to use. 🙏 + +Edit 2: Thanks for the awards! They're my first – y'all are lifting my spirits tonight. +Hello everyone, + +u/lkeshre, u/harsh_groww, u/SinghNeeraj, and u/ishan_groww here from [Groww](https://groww.in)! + +We are making investing accessible to millions of investors in India by making it simple and transparent. + +Proof: [https://twitter.com/\_groww/status/1258048702658129922](https://twitter.com/_groww/status/1258048702658129922) + +Update: Thanks to everyone for participating. We will try to continue answering questions here. +Hello everyone, + +u/lkeshre, u/harsh_groww, u/SinghNeeraj, and u/ishan_groww here from [Groww](https://groww.in)! + +We are making investing accessible to millions of investors in India by making it simple and transparent. + +Proof: [https://twitter.com/\_groww/status/1258048702658129922](https://twitter.com/_groww/status/1258048702658129922) + +Update: Thanks to everyone for participating. We will try to continue answering questions here. +Just wanted to say that my best friend had been a CPA/Financial Advisor for 3 years and had been entrusted by his family to invest some savings. The volatile market and stress from his family led him to inflict a fatal shot upon himself in the middle of the street tonight. + +Of course, we can conclude that he had a mental imbalance, depression issues, or a crappy family, but let’s put that aside and say that this market we play can be a stressful environment. + +Please call tel:+18002738255 or speak with a friend if ANYTHING might make you consider taking your own life. If you are a friend of someone who might be at risk, please lend a non-judgemental ear if they need it. +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? +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! + +Me (27f) and my fiancé (29m) have been together for 10 years, and we finally got engaged this summer. As a couple who is already living pay check to pay check, I know that a wedding is a going to be difficult to save for. +Here are some of my ideas: +-I’m making my own wedding cake and cupcakes. My mom is going to help with this. +-I am making handmade invitations to everyone +-We are hoping for a “potluck” kind of thing where everyone brings some sort of food or side or beverage, however I want to be able to supply food in case no one brings anything. (That would be a nightmare...) I am having trouble coming up with ideas for 45+ guests that I can make in bulk and do not need to be microwaved. This is probably my biggest issue. +-my dad is going to be “the photographer” +-I’ve saved $200.00 for my dress and plan to thrift it. A lot of people are picky about not wanting a dress that someone else has worn, but at this point, I just want to look good and feel good, while also not killing myself over the price. +-we are having a wedding in my fiancé’s parents backyard #free but might need to rent tents and porta potties. +-Hair and makeup will be done by me or my sister. + +I’m not concerned with keeping up some fancy wedding scheme or something over the top. I love my fiancé and want to make the day special and beautiful for us without destroying us financially. Do you have any suggestions or experience? +I will soon have about $100K sitting in my savings account, and I'm having a hard time deciding what to do with it. I'm almost 40. No kids, no mortgage, no car payment, no debt of any kind. My TFSA is maxed and excludes the aforementioned money. My RRSP is practically empty and will have enough contribution room at the start of next year to accommodate the full $100K. I know the popular advice is to max the RRSP, save for a house, save for retirement, etc.. The thing is… + +I want to live life *now*, while I'm still able to, not when or if I make it to retirement. Neither of my parents made it. We all hope to live a long and healthy life, but the reality is that many of us won't. This isn't something that gets talked about much on here, or maybe in general. + +On one hand, I want to put all the cash into my RRSP and buy one or two ETFs like XEQT. On the other, I want to hold on to the cash and wait for a good opportunity to go all-in on some life changing growth potential. I realize this is highly risky, but so is life. There have been at least two opportunities in the past that I was *very* confident of but didn't have cash. I was right about both. + +Remember, the *only* absolute guarantee in life is death. It's coming for us all, and we can't take anything with us but the experiences we have in life. There is much I want to experience. + +What would you do in my place? + +Edit: I did not expect this to gain as much traction as it has. Thank you all for participating in the discussion! +After reading a bit about the strategy of gamma scalping to curtail losses on option positions, I decided I would just do some hands-on learning with a ToS Paper Account. +From my understanding, Gamma Scalping limits the max potential gain of a position, with a trade-off of also limiting the downside. This concept makes sense to me, as we short/long the underlying depending on how gamma is moving against us. + +To test this, I opened various positions, listed below: +* Short Strangle - DIS +* Short Strangle - SQ +* Short Strangle - TSLA +* Long Straddle - COIN +* Short Straddle - WYNN +* Short Straddle - AAPL + +I managed the positions every 24 hours by neutralizing Gamma back to 0 from a short/long position of the underlying. +My initial Capital Requirement was $12,800. +My ending Capital Requirement was $29,600. +My profit after 17 days is $4,738. + +At the end, 5 of the 6 positions closed for a win. WYNN (short straddle) is currently my only loss, though that position has not yet closed and I am still managing it to see how it plays out. + +Here is a link to a screenshot of the opening positions and positions as of today: [https://imgur.com/a/GDl3vaL](https://imgur.com/a/GDl3vaL) + +My question here is, though in theory gamma scalping every day should've whittled down my overall net gain per position, in practice is at least appears to have put me ahead of where I would've been otherwise? Is my understanding here correct, and when would this strategy go against me, in comparison to simply managing the straddle/strangle in the *usual* fashion of inverting or closing for a loss? +Hi, first time poster here. I’m 52 from the UK married and have four children under 10 years old. We have a NW of $15m at present (approx. $10m in investments and $5m in rental properties). NW should increase approximately $1.5m (after taxes) per year through my income (not including and capital growth on my investments) until I retire. I don’t enjoy my job anymore but could continue to do it for a few years if necessary - I don't own the business so when I stop working my income will stop. + +We would like to FAT FIRE in Phuket Thailand (my wife is Asian (but not Thai) and her family are nearby (but not in Thailand) so we want to stay in Asia and both really love Thailand and believe that we could have a great quality of life there). I appreciate that everyone has a slightly different description of FAT FIRE so I will describe briefly some of what it means to us: + +* Having a very large home (approx. 10,000sq ft) with beautiful furnishings and top of the line appliances +* Having 2 luxury cars (such as Range Rover or Porsche Panamera for example) +* Having at least 2 nice holidays per year in 5\* resorts travelling business class (probably 1 long-haul and 1 in Asia) +* Children all having top private school education +* Comprehensive health insurance from a top provider (such as CIGNA – we don’t need to be treated in the US but coverage for the rest of the world would be good) +* Designer clothes +* Using our home in a relaxed manner – whilst not being wasteful not worrying about whether someone has turned the A?C off in a room every time they leave it +* Having at least two full-time staff to help with running the house, cooking and help with the children +* Being able to eat out regularly at both high-end and mid-range restaurants as and when we want and attend other entertainment as the opportunity presents itself (such as attending a concert in Bangkok) +* Personal trainers for me and my wife both at least 3x per week +* Regular massages +* Fastest available internet, comprehensive international TV, comprehensive cell-phone plan + +We have not lived in Thailand before but are very familiar with it and have lived in other developing countries in Asia so appreciate some of the challenges that brings. + +Unfortunately, when searching for the cost of living in Thailand it is mostly geared towards a budget, relatively modest or middle-middle class standards rather than a fat fire version. + +Due to my nationality and Thailand’s territorial tax system, I believe that, provided I time my remittances correctly, I can retire in Thailand without being liable to pay any income tax on my investments anywhere (except for the rental properties we own). + +In an ideal world, I would like to ensure that my NW at retirement does not decrease in real terms by the time I die. I have created a guesstimate of expenses (using things as Numbeo but then significantly inflating the numbers and where available to me such as school fees have arrived at a pot of $1.5m based on school fees at a top school in Phuket currently being around $60k for 4 children). But much of this is guesswork. + +I used the Mustache Calculator to try to calculate the NW I would need to generate my guesstimated expenses plus $50k buffer and added to that what I would expect start-up costs to be (including house purchase, cars, furnishings and private school fund). + +The budget does have a large amount of discretionary spend for items such as holidays, clothes and gifts which could be scaled back if required. + +**I have set out the guesstimated budget and total retirement pot needed and would welcome Redditors comments on whether it is realistic, whether I have missed any key items and also if people think the total retirement pot would be tight, what amount would be comfortable to meet my objectives (I’m thinking around $20m).** + +**Also, if anyone has any particular views on Fat Fire in Thailand I would also be interested (the summary budget below assumes that we will buy a house but initially we would rent - I am aware of the restrictions on non-Thais owning land).** + +**FAT FIRE PHUKET BUDGET PLANNING** + +| **Household** || +|:-|:-| +|GROCERIES |12,000| +|Cable TV + FASTEST INTERNET |1,500| +|CELL PHONE (Fastest unlimited internet plus international calls) |1,500| +|Gas|2,000| +|ELECTRICITY|5,000| +|WATER|1,000| +|HOUSE COMMUNITY SERVICE FEES|10,000| +|HOUSE INSURANCE|1,000| +|MAINTENANCE/REPAIRS|2,500| +|PETS|1,000| +|2X FULLTIME STAFF (HOUSEKEEPER/NANNY)|20,000| +|**SUB-TOTAL**|**57,500**| +||| +|**MISCELLANEOUS**|| +|TOP FAMILY HEALTH INSURANCE |20,000| +|HOLIDAYS|40,000| +|CLOTHES|40,000| +|DINING OUT|10,000| +|HAIR/BEAUTY CARE|5,500| +|MASSAGES|1,500| +|GYM|1,500| +|PERSONAL TRAINER (2P X 3X PW)|5,000| +|CONCERTS|1,500| +|SPORTS EVENTS|1,500| +|GIFTS (CHRISTMAS, BIRTHDAY, ANNIVERSARY)|45,000| +|CAR MAINTENANCE|1,500| +|CAR INSURANCE|1,500| +|PETROL|4,000| +|**SUB-TOTAL**|178,500| +||| +|**TOTAL ANNUAL SPENDING**|**236,000**| +||| +|Plus $50k buffer on annual spending = |286,000| +|Amount required to generate $286k per year indefinitely (in today's money)(assumes 2.75%SWR, 6% interest and 2.75% inflation) - Using Mustachian calculator|10,400,000| +||| +|**Set Up Costs in Phuket**|| +|**House (assumes $3m purchase price + $200k fees)**|3,200,000| +|**Cars and furniture**|500,000| +|Lump Sum to pay for private School Education|1,500,000| +|**TOTAL SET UP COSTS**|**5,200,000**| +||| +|**TOTAL REQUIRED RETIREMENT POT**|**15,600,000**| +As per CNBC + +https://www.cnbc.com/2020/10/02/president-donald-trump-says-he-has-tested-positive-for-coronavirus.html + +You require 250 characters so Im typing more. + +Futures tanked hard after this news. Down 1.5% and falling. I hope this is not against the rules, this is huge news. + +Edit: Futures have stabilized around -1.5% to -2% as of 2am eastern time. +I see a lot of people getting down on where they are at in their FIRE journey when seeing people of the same age or younger FIRE’d or further along than they are. We talk a lot about not buying a fancy car or buying more of a house than is needed just to keep up with the Joneses. But that mentality also applies to the FIRE journey itself. + +As long as you’re following all the steps that are available to you and are comfortable with how much you’re saving, then that’s all that matters. Not that someone half your age is already FIREd. The fact that you’re even considering this path means you’re far ahead of most other people. +So for context, I’m a young investor looking to maximise my gains over the years so I can eventually retire off a healthy portfolio transferred into dividend paying stocks. + +One of the main bits of advice I see around here is to “invest in growth stocks while your young”. However, I fail to believe that as an individual/hobbyist investor I can outperform the S&P500 for the many years I’m looking to invest over. +I therefore believe my best course of action is to invest weekly into this index at an 80/20 split of S&P500 and more speculative growth investments. + +Would this method therefore be more suited to the “invest in growth while young” and provide greater returns than a dividend strategy would? Or should I focus on a dividend based strategy in the first place as this is what I eventually want to live off? + + +Thanks! +I appreciate that even if we are a smorgasbord of shit-flinging crayon-eating monkeys, whenever you speak with us, I can sense the respect that you have towards us, your Shareholders. + +The speech delivered by Chairman Cohen last June was short but telling because, as I'm sure many will agree, you asked us to judge you by your actions, not by your words. + +Many might have overlooked it, but what really struck me here, is that despite many of us working 9 to 5's in blue collars, you subjected yourselves to our judgment, something, that in my experience, one wouldn't subject oneself to, unless there is respect given to the one who will make the judgment, in this case, to us: the retail investors. + +In case a few have missed, though highly unlikely, I also deeply appreciate that it is the Company itself, and not the insiders, that sold shares at market rate, which shows how serious you guys are in transforming Gamestop from a dying brick-and-mortar into a leader in the market, instead of abusing the trust of your shareholders by using our hard-earned, *really hard-earned,* money to ensure yourselves a comfortable life. Because of that, we know that the money we invested really is meant to be used for WORK. + +Please know that some of the money that went into our Gamestop's warchest is earned from the sweat in our brows and quite literally, our blood, and so, even if this is just a small detail, I appreciate that none of your officers and board members online talk to us in a condescending or dismissive manner. Many of us here take this beating already day in and day out at work or elsewhere, and it will hurt if the very company that many of us have trusted with our hard-earned money will also speak to us in such a way. + +I won't deny that some of us really can't wait for the MOASS. It is a fact that it is this thesis that brought many of us here. But then again, as Mr. Larry Cheng said, some companies transform into something bigger than itself and becomes a movement. This is no longer just about the tendies and some loot and leave the company; this is now about justice and the bonds we have shared with many others while investing in this Company. I for one have DRS'ed my shares and if this thing finally pops off, they are never leaving. I will HODL those shares with pride forever. It is proof that I stood by this Company through thick and thin, through MOASS and post-MOASS. + +It is understandable that the way you communicate with us, or not \*wink-wink\*, is through the way you guys do because of legal reasons. But not only was the method fun, you have actually helped us develop wrinkles of our own, we are now more knowledgeable in investing and economics because of this. This even helped strengthen the bond between the retail investors and the Company, because we have exercised the ability to understand one another without directly speaking to one another. I sure hope that this trust is something that you hold preciously and something that will push you guys to deliver the best for Gamestop's customers, employees, and shareholders. + +We as individuals are doing everything we can to support the Company on our side and we can see that you are doing the same on yours. + +More power to everyone and personally, I hope that Gamestop becomes a model company not only for the way they delight their customers, or deliver to their shareholders, but also to their employees. + +Let's win this thing. +FM has asked people to send her their suggestions for the new budget so I'm wondering what others are thinking/expecting from it. +People are anticipating increase of the income tax deduction limit on investments upto 3 lakhs and house loan payments upto 2 lakhs. And rollback of last year's new tax on smaller dividends of upto 10 lakhs. + +What would you like to see though? +I just had informal conversation with a colleague of mine after work today and she was telling me about how much she's struggling to pay bills and save with the salary she makes. I started just around 2 months before she did but we work in the same position & department and we had pretty similar job experience before joining this company. She asked how I was managing with £27,000 per year, but I got surprised and unintentionally mentioned that I am paid £36,000. + +Needless to say she was very unhappy when she found out about the difference and will bring it up with our boss. Am I in any trouble here? + +EDIT: hey all didn't know this would blow up. Just wanted to share more info: I am a man. When I had my interview I went back and forth 3 times with the hiring manager and HR with pay because I didn't like the offer, I was initially offered £30k but at that time I had 2 other offers and I gave them an ultimatum that if I wasn't getting £36k then I'm not taking it. I'm in London. I don't know what my co-worker did and if she even tried to negotiate at all, we aren't that close personally. From what I observe she seems to be a 'yes person', never really argues at work whereas I tend to be more stubborn, so if regards to gender pay gap if that's what it is. Probably a lesson is fight what you think you're worth. + +*Edit (Disclaimer#2): I think I need to clarify this: I don't think Ripple is a good investment right now and even though I thank you for all the support this post has gathered, I would like you not to take this post as a sign to invest in XRP. In my honest opinion the demand right now is mainly FOMO-driven and far exceeds XRP's fundamentals. It will come crashing down at some point in next few weeks and I hope you're out when it does.* + +*Disclaimer: I honestly think Ethereum right now is the most promising of cryptocurrencies and I'm 100% ETH. The fact that I have to state this in order not to piss a lot of you guys off is worrying though.* + +This has gotten worse since the recent bull run from $10 to $90. It's almost like /r/bitcoin in here now. + +Every third or so post in the daily discussion right now is about what people think about some other crypto. + +**And that's ok.** + +/r/ethtrader is not supposed to be for Ethereum fanboys. It's supposed to be about crypto trading and investment, with Ether at its core. + +I'd much rather hear about what other cryptos are doing compared to ETH than the 1000th chart screencap with badly drawn triangles on top. Every "I predict ETH at $1000 in a year." gets more upvotes than a "What's going on with XRP?". + +Stop the hate. Stop calling every other coin a scam, premined, a shitcoin, a pump, etc. + +If you have actual reason to dislike a coin then please state it. If you think ETH right now is a better investment then say why you do. Try to find both positive and negative arguments for other cryptos so people can decide for themselves. + +**But stop with this stupid fucking emotional crypto patriotism.** You can believe in one thing and invest in another. Stop acting like you need to defend ETH at all costs and talk down every other coin to save your life. + +We'd all prefer if ETH was the only worthwhile investment. It would be simple. It would allow for faithfulness, stability, emotional investment (which *is* fun to be honest), and ultra high gains. But truth is, you would probably make more money by diversifying. People have made money by investing in Bitcoin, Litecoin, XRP, Stellar, whatever. Some believe those do have some fundamentals, some are just in for the pump & dump. Both positions deserve acknowledgement. If they followed the advice in the daily they'd all be stuck in Ether for eternity (which currently looks good to be honest, but still...). + +**My appeal to you:** + +If you see someone asking about or spreading unbiased information about another coin, upvote them, because this is a trading subreddit and I personally would like to hear about what else is out there from an unbiased source. + +If you see someone answering such a request in a heavily opinionated and one-sided way with unsourced "facts" about the coin (e.g. "99% of this shitcoin is premined anyway."), downvote them. They add nothing to the discussion and are simply butthurt that someone would consider a different crypto than Ethereum. + +tl;dr: Don't be a maximalist. Don't get married to technology. Invest and trade for gains, not emotions. Let others do the same. +If you have an EBT card (food stamp card) you and 3 other people can get into 1,000's of museums across the country for little to no cost. It's all thanks to a not-for-profit called Museums4All. museums4all.org has a list of participating museums, most are free but they never cost more than $3 with your EBT card at participating museums. +All these post are doing is spreading FUD. +If we lock up the float on CS they can halt trading as long as they want it doesn’t f-ing matter we ain’t selling. These rules are pointless, change my mind! + +Just keep in DRSing, even if we don’t no body sells. So there’s no point in being afraid if they halt the NYSE. + +Edit: +Since this blew up, + +Don’t get me wrong apes, I rather see this rule go to. I’m not saying it’s a good thing. I’m just saying don’t let it scare you. + +I’ve been Hodling since Feb and they can stop trading for a year I don’t care I’ll Hodl for another year... No cell No sell. + +💪🏻🦍🚀🚀🚀🌚 +Grocery store worker ape and X shareholder reporting in. I work with meat every day, and seeing prices rise over the last few weeks has me shook. Here's just a sampling of what things cost now. + +1 pound package of Oscar Mayer Bacon. Was $6.99 merely 3 weeks ago. As of today is $9.49 + +Filet Mignon. Out of most people's price ranges anyway, but our older, more monied clientele bought quite a bit of it. 1 month ago was $17.99-19.99/lb. As of 3 weeks ago it is now $27.99/lb. + +Chuck roast. $5.99/lb last week. $8.99/lb today. + +Sirloin tip steak. Ah yes the lowly sirloin tip steak, about as bargain as a bargain cut gets. The store I work is next to the campus of a state.university, so the tip steak is a great way for broke college kids to get a piece of beef. Yesterday tip steak was $5.99/lb Today? $10.49/lb. Almost doubled in price. + +Pretty soon much of the population will be priced out of EATING. + +Inflation, stagnant wages, imminent economic collapse. The DD is clear. GME is THE hedge. I buy what I can. I HODL what i have. Not financial advice, not a financial advisor. I've been hit by a car on 4 separate occasions so clearly I am stupid. +https://business.financialpost.com/diane-francis/money-laundering-by-foreigners-is-whats-really-destroying-housing-affordability-in-canada + +In one of the opening paragraphs of the article is say: + +>Canadian cities rate highly among the most desirable in the world, but also the most unaffordable. + +Don't these things kinda go hand in hand? Shouldn't we expect the most desirable places in the world to be the most unaffordable? +Norway's sov wealth fund now says it will also divest of Russian assets. But does this do anything to harm Russia at all economically? Doesn't it just mean potential Russian buyers could buy shares for a lot less than their original value, while at the same time giving them more control over their own nation's organisations? And in any case, is it even possible to offload such a large amount of assets? + Who can afford to buy multiple billions of dollars worth of shares right now? +I'm reading an article on US national debt increasing and how trump added 2 trillion onto the existing 22 trillion. What exactly is the US going to do about it and what happens if it keeps increasing. It seems that it's just going up and nothing's going to be done about it +First post on Reddit - sorry if it's a bit long. A bit of background. I sold my business for an absolute fortune and left it about 7 years ago. I’m in my early 50s, married with 3 children who are in their late teens / early 20s. For the past 7 or 8 years I’ve been renovating the expensive house I bought, dealing with the property portfolio my accountant advised me to get, being there for the kids, doing some hobbies, volunteering etc. A year or so ago I got a full time job in the emergency services which is something I had wanted to do for a long time. I just couldn’t make it work with the complexity the wealth brings, wanting to be there for my family, dropping down to 20 days holiday from 365, and trying to fit into a very rigid, inflexible organisation (I’ve only ever worked for myself). I was really gutted to leave but it was probably pretty inevitable, although there is more I could and should have done in advance to enhance my chances of making it a success. I’ve always been very entrepreneurial but have shut down that side of myself as I’ve taken the view that I don’t need any more money. + +I was recently asked the question “what does connection look like in your life?” and when I stopped to think about I didn't really like the answer. Outside of family, I do have a few good, long term friends but many of those friendships have going out drinking as a significant component. That just doesn’t appeal to me these days and I am having trouble trying to re-invent the friendships. I used to manage hundreds of people and my identity was wrapped up in the industry I worked in. I find myself isolated because virtually all men of my age are working. I hate the question “what do you do for a living?” and I sometimes feel a bit of an outsider in social situations (even though I know most men would, on the surface, love to be in my shoes). + +I’m working with a group of people to help a charity which needs a lot of help and that shows potential but most of it is conducted online. Hence it still doesn’t deliver the connection I really need. + +I also don’t feel that I have anywhere to take my worries/concerns. I have tried therapy but haven’t really clicked with anyone. I guess that’s just a case of soldiering on and trying again. I’m sure I’m not totally alone in feeling like this but have no idea where I could meet other wealthy people who are having the same struggles I am and who are looking to do a bit more than preserve and enhance their wealth. + +I feel lacking in meaning and purpose, lacking in connection and things that used to bring me joy don’t seem to any more. I also feel a bit pathetic. I have time, money and health on my side but very little wind in my sails and I know my disposition must be challenging for those around me. I’m not a bad bloke but I’ve lost my way a bit.  + +Thanks for reading. And if you have any bright ideas please let me have them.  +This is a followup post to a recent post here: https://www.reddit.com/r/investing/comments/m61kqh/fruit_juice_and_fintech_a_prime_example_of_why/. Shoutout to /u/JailedByKamala for sniffing this one out. + +--- + +Hello, I want to do a DD today on a bad company which I've purchased puts on. $FTFT (Future Fintech), a 'fin-tech blockchain {insert buzzword}' company that I am near 100% certain is a Chinese scam. + +This is not financial advice. + +--- + +**So, what do they claim to do?** +--- + +Their website: www.ftft.top + +Enter at your own risk. This website is not HTTPS secured and has a "warning" rating from Web of Trust. + +According to their website, they are a leading blockchain R&D company incorporated in Florida, founded in 1998. They own and operate a blockchain-based online mall, a digital payment system, a cross-border e-commerce system, and a blockchain incubator. + +WOW, they do so much! + +**And where do they do it?** +--- + +First thing you'll notice is that while they are incorporated in Florida by their SEC filing, the actual office address is in New York City. Specifically: + +*Americas Tower, 1177 Avenue of The Americas, Suite 5100, New York, NY 10036* + +Now it's interesting that they have Suite 5100 because the Americas Tower actually only has 47 floors. **Suite 5100 doesn't actually exist.** I called the leasing office and they confirmed that each floor's suite is named after the floor itself. Now, maybe there is some secret floors available only to high-end clientele or maybe their counting system is different than the leasing office said. Perhaps, I'm just wrong here. We can give FTFT the benefit of the doubt and say this is a legitimate mailing address. + +> EDIT: It appears that Suite 5100 is a virtual office leased out to Regus who rents out to FTFT. Thanks /u/elcup + +It doesn't matter, their true operations is out of Beijing, China and this is where the fun really begins. + +**A juice company turned blockchain technologist** +--- + +Sound strange? It gets stranger... + +FTFT, in 2017 (at the height of the BTC craze) wowed investors by turning to blockchain. Why was this so surprising, because before this, they were called "SkyPeople Fruit Juice" and they sold fruit juice ([Source](https://www.cnbc.com/2017/12/19/tiny-fruit-juice-company-soars-on-speculated-move-into-bitcoin-that-likely-isnt-real.html)). + +So, juice company into finance, a natural transition, right? + +Well, surprisingly, no. In order to make this jump, FTFT need to start acquiring companies with financial expertise like mad. According to their website, their portfolio consists of 2 companies: + +- Nova Realm City: a blockchain technology value community... whatever that means. This company is based out of China and uses the NRC coin which they claim 35 million exists. First off, only 35 million? That's extremely low float for a "digital asset community". Furthermore, I can find no evidence that NRC actually exists. + +- InUnion: a blockchain-based life insurance platform. This company is also based out of China and as far as I can tell, it does not have its own website. The link provided by FTFT only goes to an information page with a shitty pamphlet screenshot: https://imgur.com/7YWc9OZ. Notice in the screenshot that there are still red underlines in the names as if this was a screen grab from Microsoft Word. This is the real image they used for this company... Also notice that every customer will also be considered a staff member as well as an investor. What!? WTF does that mean? + +Okay, so these are the companies that FTFT publicizes for themselves. But what about the companies they don't put on their website? + +**Their "finance" acquisitions** +--- + +FTFT is reportedly acquiring tons of companies to "expand" its business (presumably blockchain and finance business) and shore up its expertise (presumably in blockchain and finance). + +A quick Google search pulls up a number of subsidiaries by FTFT: + +https://imgur.com/0L70WG1 + +Now, let's first go through some of the companies: + +- Christie Peterson Development Corporation: a company originally under H. B. Covey, Inc. which was later acquired by a non-operations company (they have no operations) Entech Environmental Technologies. ([Source](https://sec.report/Document/0001019687-04-000739/)) What is Entech Environmental Technologies? Well, its none other than FTFT! ([Source](https://edgar.sec.report/CIK/0001066923)) They have also gone under the name of Cyber Public Relations! ([Source](https://sec.report/Document/0001213900-19-005964/)) Neither of these companies have websites including Christie Peterson Development Corp. + +- FT Commercial Management (Beijing): a company formed to acquire Sichuan Tema Supply Chain Management Co., Ltd. This company provides financial services to the supply chain industry. Other than that, it is impossible to find more about this company. Interestingly enough, the revenues of this company actually exceeds the **market cap** of FTFT yet they are purchasing it in common stock. ([Source](https://apnews.com/press-release/pr-newswire/financial-services-technology-corporate-news-greater-china-products-and-services-ownership-changes-6e1794f0cf96194018b5fcb3962c4c2b)) + +- Asiasens Investment Holding: now this one wasn't even in Google it was so recent. But they announced the acquisition here. ([Source](https://www.prnewswire.com/news-releases/future-fintech-enters-into-indonesia-market-and-signs-share-exchange-agreement-to-acquire-asiasens-investment-holding-pte-ltd-301195800.html)) Now, if we look this one up, we get a hit from "The Grid", some sort of yellowbook for corporations. ([Source](https://sgpgrid.com/company-details/asiasens-investment-holding-pte-ltd)) This company, which was purchased for **$15 million** of common stock, has less than 10 employees and a business address of: 195 PEARL''S HILL TERRACE, #01-05, Singapore 168976. If you look up this business address, you'll be surprised to find that it's actually... **a residential address for some dude working out of his apartment.** https://imgur.com/xsUl9Hx. Thankfully, this one was unable to get regulatory approval and has since been cancelled. ([Source](https://sec.report/Document/0001213900-21-012148/)) + +- Blocknance Financial International SRL: This was probably the **only** blockchain company that I saw in their acquisition strategy. It is based out of the Dominican and was to be purchased in... drum roll... common stock. Unfortunately, it was also cancelled due to FTFT's inability to get regulatory approval in Hong Kong. ([Source](https://sec.report/Document/0001213900-21-012148/)) + +I can go through the list of acquisitions and since the cancellation of some of their more recent acquisitions, they have already announced more. You can see this on their own website. https://www.ftft.top/en/news.html. + +Here is the absolutely terrifying part: **EVERY ACQUISITION IS PAID FOR IN COMMON STOCK.** Not only this, but they are diluting their common stock as quickly as possible through direct offers where they issue more stock in exchange for cash. This is all found on their own website! + +In my personal opinion, this is a house of cards just waiting to fall. + +**So, what part of their business IS legitimate?** +--- + +Well, they are rather proud of their "Chain Cloud Mall", a blockchain based online retail front... + +It is true that they own an online storefront which can be found here: http://www.gksharedmall.com/ + +Now, right off the bat it seems like a normal online retail site. It has no mention of blockchain or any blockchain-related technology, but let's let that slide for a second. If you go on the front page and click on any of the advertised products, you'll notice one glaring problem with this site: **NONE OF ITS PRODUCTS ARE AVAILABLE FOR SALE**. + +What??? + +Try it yourself. Change your location to Beijing or another center of commerce in China even. I tried 10+ products and could not make a single purchase no matter my location. All of it is unavailable so unless they had the most monstrous selling season in the history of ever, or these products were never available for sale in the first place. So wtf is this site then? Short answer: I have no idea. + +Okay, maybe let's try their next product, NONOGIRL, a global e-commerce platform whose trial launched about a year ago in April of 2020... + +It doesn't exist. There's no mention of it ever again. It either never went live or never existed in the first place. + +DCON, a coin touted by FTFT for blockchain incubation and technical services! + +And... it also doesn't exist: https://imgur.com/lq9vu2R. + +--- + +So, wtf does FTFT even do? They are acquiring internal advertisement companies, supply chain financing companies, asset management companies, and insurance companies. The **ONLY** blockchain related company they sought to acquire actually failed to go through due to regulations. + +I have no idea what this company does, if it does anything. All I know is that they are liquidating their shares as quickly as humanly possible. Everything they purchase is through shares. They probably offer the baristas in Starbucks common share instead of cash. This looks like a penny stock pretending to not be a penny stock with wild acquisitions announced every week that never go through. + +Is this company a fraud designed to drain investor cash? I can't say for sure. But my findings are above and you should make your own decision. + +> EDIT: Looks like they have an SEC filing for a massive dilution of shares. Though, this is dated Feb 26 and it hasn't hit the market yet. Maybe it will, maybe it won't. https://secfilings.nasdaq.com/filingFrameset.asp?FilingID=14748787&RcvdDate=2/26/2021&CoName=FUTURE%20FINTECH%20GROUP%20INC.&FormType=DEF%2014C&View=html - Thanks /u/boatbitter +India has just released agenda of parliament session, where it seeks to ban all "private" crypto currencies. + +As soon as the news broke out, many are trying to sell and exit and the market has crashed 25% in a matter of minutes. Many are facing massive losses as the result of this fucking government. + +&#x200B; + +[Massive crash all across the board](https://preview.redd.it/q9m81t2qpd181.jpg?width=917&format=pjpg&auto=webp&s=274646e72cf5376529af3f0ee8105eb78520117e) + +Most coins are down anywhere from 15 to 25%. Altcoins have been impacted the most. Even stablecoins have crashed 10% as people are selling that for INR. + +Modi has show to be an incompetent ruler, just this week he rolled back farm laws that seeked to destroy farmers livelihood in favour of his industrial buddies who fund his election campaign. Over 100 farmers died due to protests across the country, and then Modi meekly rolled back the laws. + +Now he is attacking crypto and seeking to shut this market down. + +**Late Hours Update**: The crash has got worse by all means.. some coins are down as much as 40%! Literally nothing has been spared, every single coin has been crushed. + +&#x200B; + +[-41&#37; down!](https://preview.redd.it/eu2bwg6uje181.jpg?width=506&format=pjpg&auto=webp&s=34ca08469dbff5f5d061638d84f47b5b2f16b6ab) + +Going by social media posts, it seems a lot of people have sold at huge losses. Imagine losing 30-40% of your investments because of the incompetence of the fucking government. Yikes. Fuck you modi +Here's the text from the OP on the top of hot: + +# Foundational DD + +[**Bust Out Schemes**](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/) + +[**Write up on Bezos**](https://www.reddit.com/r/GME/comments/ngafr3/hedge_funds_stole_the_american_economy_created/) + +Credit to u/zedinstead for the art. [Link to DD bookcase](https://fliphtml5.com/bookcase/kosyg). ***Note:*** ***I cannot vouch for the safety of the bookcase site though nothing suspicious stands out - javascript code looks clean.*** Both are necessary for full picture: + +&#x200B; + +[u\/jumpster81](https://preview.redd.it/i0cvvyumoel71.png?width=351&format=png&auto=webp&s=95437c73b940098d6c33510f7716d5e0a3c3f2e4) + +&#x200B; + +[u\/AvidTreesFan](https://preview.redd.it/sxjcfg8qoel71.png?width=352&format=png&auto=webp&s=88becfed56c8ca9b6ad2993f24e11ab49dcef709) + +Veteran Apes will be familiar with this theory. I'll *attempt* to summarize: + +Amazon has been using Ken Griffin to naked short infiltrated companies in order for Amazon to steal market share from current and future competitors. [It's possible that Bain Capital got involved in this scheme through Toys R Us](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/). + +There it is. The most literal and succinct version. + +Crazy theory, right? Let's examine some facts: + +1. Amazon announced in a [press release on **February 2nd, 2021**](https://ir.aboutamazon.com/news-release/news-release-details/2021/Amazon.com-Announces-Fourth-Quarter-Results/) that Jeff Bezos would retire to executive chairman of Amazon's board [to much surprise.](https://www.wmagazine.com/story/jeff-bezos-amazon-ceo-retirement) *(that date stand out?)* +2. [Ken's a fan](https://www.cnbc.com/2019/03/14/ken-griffin-says-hes-less-likely-to-move-citadel-to-nyc-after-amazons-heartbreaking-exit.html) & [frequent investor](https://cheaperthanguru.com/portfolio/ken-griffin/AMZN/transactions) in Amazon +3. DE Shaw, a quant hedge fund where [Jeff Bezos became the youngest vice president](https://www.biography.com/business-figure/jeff-bezos), says about Citadel "[We cross paths with them all the time. They are huge.](https://www.institutionalinvestor.com/article/b15134ls4fblx7/boy-wonder)" as far back as 2001 - way before its widespread success + +What would we see if Citadel has followed this playbook? We would see OTC stocks of dead companies squeeze at the same time an idiosyncratic risk would emerge in a basket of algorithmically shorted securities. + +Would you look at that? Sears and Blockbuster, both bankrupt companies listed on OTC markets and former Amazon competitors, [squeezed at the same time as GME in January 2021](https://www.reddit.com/r/Superstonk/comments/pg8fp1/portfolio_swaps_blockbustersears_sneeze_in/?utm_source=share&utm_medium=web2x&context=3). + +Now, call me crazy, but I'm going to speculate the public isn't investing in those stocks. I'm smooth-brained, but not that smooth-brained. + +How is Amazon connected to Blockbuster, you might ask? I had the same question. + +Surprisingly *(but not really)*, I forgot about Amazon's biggest business. **Amazon Web Services.** + +I bet you can guess who was providing web hosting for Netflix around 2010, when Blockbuster went under? + +[Yep. Amazon](https://2pml.com/2020/02/10/netflix/). + +Think about that. That's from *2010*. Citadel Securities (the market maker) was founded in 2001. *When did they start doing this?* + +There's *a lot* more to dig into about this. A comment thread on Criand's latest post describes some [*interesting terms* of Credit Suisse's CMBS programs.](https://www.reddit.com/r/Superstonk/comments/pfkg12/interesting_how_each_run_started_exactly_15/hb52u0g?utm_source=share&utm_medium=web2x&context=3) + +If that's related to CMBS troubles here in the states, Simon Property Group is no doubt involved which [Amazon has been working with to buy up old malls last year](https://www.nbcnews.com/business/business-news/amazon-snapping-disused-shopping-malls-turning-them-fulfillment-centers-n1262914)\- though it's been buying up mall property since 2016. + +The implications of something like this are **extreme.** + +Think of our beloved chairman's tweets. *Ryan Cohen could have been hinting towards this* ***the whole time.*** + +This explains why Jeffrey Boy seems desperate to get off the planet. I would be, too. + +**EDIT:** Here's a mod's description of what was going on with the first post and why it is an image: + +[https://www.reddit.com/r/Superstonk/comments/pgp4ed/gamestop\_is\_exposing\_the\_biggest\_financial\_crime/hbdsxa3?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pgp4ed/gamestop_is_exposing_the_biggest_financial_crime/hbdsxa3?utm_source=share&utm_medium=web2x&context=3) + +*A* *lot* of information has been dug up since this post and I've been spending my time trying to respond to comments and ~~acting like I'm not paying attention to my phone around my fiance~~ asking my wife's boyfriend for more GME money instead of updating the OP. + +I'll just leave this here as for what this means for the MOASS: + +This theory finally explains the last question surrounding GME for me since February - what has motivated the market to not completely turn on GME? If it's been retail investors vs industry insiders, why hasn't the entire industry shorted GME at once? + +I believe it's because Ryan Cohen, and his investment in GME, has triggered more than just a retail investment movement. + +GME is the industry revanant that's come back to life to avenge all the businesses Jeffrey Bezos and his little group of fucksticks have squashed out of existence for no reason other than they could and their greed knows no bounds. + +That is to say the CEOs, employees, investors, regulators, executives, and industry insiders who have been victimized by their abuses know what Jeffrey has been doing for over a decade and have been biding their time. + +They've come for blood - and we gave them that opportunity. They aren't leaving and we never were, either. + +It's nice to finally know the meaning of the phrase ***the MOASS was always going to happen*** +I am feeling very confident that all of these massive shortages (lumber, housing, labor, chips, cars, etc) is a sign of increased inflation in the next 1-3 years (thanks, Planet Money). I hope I'm wrong, I but it made me nervous because I do have quite a bit of cash on hand (10k+) that I'm holding to find an investment opportunity. Here's what I found with a bit of research: + +1. Real Estate - I already own my home. Buying rental properties in my area doesn't make sense because of how crazy the market is. I also have no interest in being a landlord ever. +2. TIPS -Treasury Inflation-Protected Securities. I found a few ETFs (STIP, LTPZ, TIPZ). Is this a good play? Would you suggest one of these ETFs over another? +3. Crypto - A lot of people talk about crypto as a commodity which typically go up during periods of inflation. I already own about $10k of BTC and $3K of ETH which have done really well for me. I am bullish on Crypto. + +Is anyone else here feeling this way? How are you positioning yourself if inflation does rear it's head? +tl;dr: In 2007, the federal government established a student loan forgiveness program for grads who went into public service jobs. After 10 years of service, those loans could be forgiven. Lots of people took jobs with that expectation. + +Well, it's 10 years later, and now the Education Department says that its own loan servicer wrongly approved a bunch of people for debt forgiveness, and without appeal, will now reject them, leaving their loans intact. + +Bottom line: if you have debt forgiveness through this program (as I know many who do), you're gonna want to check your paperwork reeeeeeeal carefully. + +**[Link in the NYT](https://www.nytimes.com/2017/03/30/business/student-loan-forgiveness-program-lawsuit.html)** +Card is about two years old. Never missed a payment. Never been late. They gave me no notice that they were doing this. + +Anyone have an experience like this before? Is there anything I can do about this? + +EDIT to provide more information: I don't need $18,000 in credit. I've never used the max amount nor have I even come close. My issue is I've been a loyal customer to them, never missed a payment or been late, and they drop my line by $17,500 overnight without warning a week after I make a large payment to clear the balance. I know they don't "owe" me any specific line and they can do whatever they want with my line, but right now they are all about "we are here to help with Corona virus related issues" and they cut my line during this virus stuff. + +Also: I've never been late on any of my credit cards. Ever. No missed payments or anything. Balance on other cards have decreased. No dramatic changes in spending habits or things like that + +EDIT 2: Just wanted to say thank you to everyone for the information and for your responses. I will try my best to work through them all and reply. + +Here is one thing I did want to say because this seemed to come up a lot: My utilization is now sky high. I have a balance on two Capital One cards that I've been working on paying down and the Discover card was my highest limit card with smallest balance. It's now gone and as someone mentioned I feel like this will snowball to my other cards and cause even more issues. Thankfully I'm not in the market for a car or home right now, so the immediate tanking of my score isn't a huge concern. +&#x200B; + +[Gotta have more DD - Christopher Walken](https://preview.redd.it/etc6x1qko9671.png?width=622&format=png&auto=webp&s=e37dd0262ea3ca1050ce7a877bdded647dffd7de) + +Hi apes, Bob again. yay [gamestop.com](https://gamestop.com) + +So I’ve been reading some really interesting DD lately from u/criand and u/dentisttft and I wanted to check out how things line up together and mix it into [my own forward looking DD on Option related FTD cycles](https://www.reddit.com/r/Superstonk/comments/nsyw3k/ftd_cycle_mapping_into_the_future/) that are actually based off a DD that u/criand posted a while back on [T+35 into ♾ Loop T+21 cycles on Options](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/). Using that information, I was able to extrapolate dates (**no dates**) and predict large stock movements over the past few months. Like my wife's boyfriend always tells me: "You'll have to trust me" on this because I never posted anything on it before the DD linked above. If you think I'm full of shit, that's OK too, you can follow these instructions to make me feel better about you not trusting me: + +1. Find a 🍌 +2. Do what u/rick_of_spades did. + +**Ok, TO THE POST!** + +In this post, we will be exploring the possible relationship between the GME price movement and all the cycles because, contrary to popular belief, there usually isn’t just one answer for things happening. No, I'm not talking about 🚲 or 🚴‍♀️ or even 🚴‍♂️... this is a 🚳 cycling area, so don't fuck around! We are talking about recent and not so recent DD on T+21 Cycles, T+35 Cycles, and we'll throw in some SLD in there for extra flavor so, in the words of 🍦 papa Cohen 🐸... + +# BUCKLE UP + +**Disclaimer:** I’m still learning and able to take constructive criticism, so please pick this apart. The point of this is to expand our knowledge and find truths. Also, I'm too smooth to advise anyone on anything, so take you bag of 💰 do what **you** want with it :D + +**Credits:** Special thanks to u/dentisttft who was kind enough to share his source data with me, which I’ve folded into my own dataset I’ve been working with. u/criand has not responded to my data requests as of yet, but if he does, I’ll gladly fold in his data to this analysis and provide an update. + +Holy shit, I must be going for a record with the introduction to the post... let's get to it shall we? + +# Is the T+21 cycle a thing? + +I like to think so… It's been pretty consistent. Also, I think it's not just T+21, but more a T+35 cycle from option expiry into a T+21 ♾ loop. DD linked above in intro if you want to check that out. Based on some DD from u/criand a while back. + +&#x200B; + +[T+35 into infinity loop T+21 can kicking by Mr Mayo](https://preview.redd.it/3j4nrazno9671.png?width=2831&format=png&auto=webp&s=297017663692fa40a3c1e4a7402a93442c37989d) + +# Is T+35 FTD cycle a thing? + +I think so too, but in a different way. The T+35 FTDs look to be eyeball-correlated (this is a technical term of course) to be largely pre-emptive movers in and of themselves, but aren't very consistent. Volume on the trading days matter a lot more than these IMHO, but they do contribute, as that's the settlement date that needs to be met, so these generally add to the buying pressure. You might ask why on these specific days? Well, it's because Mr Mayo et al don't want to rip off the Band-Aid, so they keep it on as long as possible, allowing it to fester and grow into a bigger problem before being forced to take care of it at the very last second. + +[T+35 FTD cycles. Data represented was cross-checked against u\/dentisttft 's data](https://preview.redd.it/y70vt3ppo9671.png?width=2829&format=png&auto=webp&s=95ba49cf7f0db733080a9c01052995ce924ea072) + +# What does this look like as a full picture? + +I have more data going back in time as well as predictions for dates in the future, but lets' stick to what we have been analyzing up to this point to stay on track. If you are interested in backwards to 2015, I have a full data set to play with - hit me up! and if you're interested in the mapping into the future, I've done through the end of the year already with the available data. + +Oh, I promised a full picture, but before we go there, **let's look at SLDs...** + +What's an STD, you say? Well, to that, I'd say ask your wife's boyfriend - he would know, but you don't have to worry about it. SLDs, on the other hand are Supplemental Liquidity Requirements and mean that once a month sHFs have less money to play with while they settle up on their options activities, and we all know how they love options. There is a [fantastic post about SLDs and liquid shits](https://www.reddit.com/r/Superstonk/comments/njgs66/rc_tweet_analysis_part_2_dumb_and_dumber_turbolax/) by, you guessed it, u/dentisttft. It took me a few reads and a non-half assed (Ron Swanson) approach to learning how this worked, and I'm glad I did, because I think this might be one of the keys to understanding this whole thing. + +[SLDs line up pretty fuckin well to price improvements and all the major jumps for GME \(or at least the start of them\) since January 2021. ](https://preview.redd.it/fgk5pwuro9671.png?width=2834&format=png&auto=webp&s=0f9a05b1bdbd5d8b6f77eb36e264337c78016d84) + +# Putting everything together. + +https://preview.redd.it/83lh02buo9671.png?width=600&format=png&auto=webp&s=6eaa3de16b5d5b038bbaed34eacac2727dd7a274 + +# A closer look when these powers combine. + +&#x200B; + +[Click to open - it's detailed with some explanations and further below.](https://preview.redd.it/w0fa4divo9671.png?width=2828&format=png&auto=webp&s=b151d07e5a01a2adb5259c22dc47ac1aef156ba9) + +If we dig into this eyeball-based correlation (**statistical analysis will come in a later post**), it seems like something is going on here, but it's not 100% - That shy cycle on 3/15 ruined everything... or did it? you remember that kickass post from u/dentisttft that you read and understood completely? No? Go re-read and understand that the SLDs take money away from the sHFs for a period of time, which makes it that much harder to suppress GME. When the stars align, and by stars, i mean all the things I'm tracking, we see big bumps! **With a little more buying pressure at those times, we might finally see the rocket launch!** + +No, SEC, I'm not suggesting there be any coordinated buying... leave us alone and put your head back in Kenny's jar of mayo. It's safe and warm(?) there... Also, maybe check out Cramer's speech about getting people to buy at 2:45... enforcement my ass, but I digress + +**Edit**: It's important to also understand that each completed cycle, we see higher lows. u/renz004 made a post about this explaining that might help paint the picture. + +# Here's my working theory + +There's a lot of moving parts to this stock, but the primary predictable movers I've been observing have been: + +1. SLD Hold Periods that reduce sHFs liquidity temporarily (about 12 days per month) +2. T+35 FTD Cycles +3. T+35 Option Delivery followed by T+21 infinite loop cycles + +I believe when they all coincide, we get larger moves to the up side. Some of these moves are less violent on the up side than others, but that's likely due to some of the following factors: + +1. volume aligning with the cycles +2. volume related to the cycles +3. fuckery + +# Looking to the future + +Seeing this data, I'm JACKED for next week. We have an upcoming wambo combo on Wednesday the 23rd (T21 cycle for April) and on Thursday, ~~6/24~~ 6/25 (thanks Juneteenth) we will see the next T21 cycle for the Jan options they've been can kicking. The FTD data lines up here as well and there are some bigger days in the cycle than we have seen in recent weeks on that front. To jack you up more, it all aligns with a SLD hold period, and we have the possibility of the ATM offering being done and more positive news in the pipeline + +**edit**: + +* u/Datprayincajun_ pointed out we might see 002 on Monday +* u/No-Letterhead-4407 reminded me that the new CEO is tarting next week, and about possible Russel 1000 +* and u/Mellow_Velo33 gave probably the most simulation confirming technical indicator of all: + +>there's a full moon too next week + +**so yeah, here's what I'm looking like this weekend:** + +[credit to u\/encab91](https://preview.redd.it/9s1ozooxo9671.png?width=512&format=png&auto=webp&s=16947e5dbfff3a34b5faeb963cb2a68b190f5602) +Relevant articles: [NYTimes](https://www.nytimes.com/2020/09/28/technology/apple-epic-app-court.html), [CNN](https://www.cnn.com/2020/09/28/tech/apple-fortnite-epic-hearing/index.html), [CNBC](https://www.cnbc.com/2020/09/28/google-to-enforce-30percent-cut-on-in-app-purchases-next-year.html) + +* Apple and Epic went to court today so that Epic could argue for a temporary court order that would force Apple to unblock Fortnite from its iOS App Store. + +* "The case is considered a potentially landmark suit, one that tests the frontiers of antitrust law, said Judge Yvonne Gonzalez Rogers of the United States District Court for the Northern District of California." + +* Judge Gonzalez Rogers looked skeptically at many of Epic's claims, explicitly telling the company several times in the hearing she was not persuaded by its arguments or its strategy. Epic knew that it was breaching its contract with Apple when it published the update, but did it anyway, she said, accusing the company of dishonesty. She rejected claims that Apple's in-app payment system is a separate product an an example of illegal bundling, as well as that Apple's app store operates as a monopoly. + +* Fortnite players on iOS have a variety of choices to access the game even if it is no longer available on iOS, she said. "Walled gardens have existed for decades," she said. "Nintendo has had a walled garden. Sony has had a walled garden. Microsoft has had a walled garden. What Apple's doing is not much different... It's hard to ignore the economics of the industry, which is what you're asking me to do." + +* Judge Yvonne Gonzalez Rogers recommended a jury trial in the case in July. “It is important enough to understand what real people think,” she said. “Do these security issues concern people or not?” (in reference to Apple's argument that tight control over its App Store to keep customers’ data secure and private.) + +* In the coming days, Gonzalez Rogers is expected to rule on a temporary injunction forcing Apple to allow Fortnite back into its App Store and support Unreal Engine, Epic’s software development tools, in the interim. + +* Separately on Monday, Google announced it will enforce rules that require app developers distributing Android software on the Google Play Store to use its in-app payment system. The move means that developers who have had customers pay them directly with a credit card for digital content will soon have to use Google’s billing system, which takes a 30% fee from payments. +I understand that very few people have more wealth than most of the world combined.. but from a personal perspective, I don’t think I really care. I don’t really care that Jeff Bezos was worth like 150 billion dollars. I have my job and I live fine and comfortably. I’m not rich at all but I can provide for myself. So why do people care so much about other having more money than them? Is it just a sense of unfairness and entitlement? + +I can see for instance, a guy making 10 million dollars living next to bill gates or the same street as him who has BILLIONS. There’s a gap in their wealth but I’m sure the millionaire isn’t complaining about how his life sucks. +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. +Joe wants to spend more printer papers on ... Oh sorry, wong tone for this sub. Let me start over. + +President Biden and his administration propose to spend additional stimulus specifically focusing on US infrastructure. So is it time to build US infrastructure ETFs. Why or why not? Thanks! +Hello + +I read on Quora that someone's loan was denied because of low?/high? CIBIL score and the reason was that the persons own relative did some loan fraud. + +In the comments a person who is a banker told such types are common where someone takes your self attested Aadhar xerox copy to get a loan and you are made co-loaner (forgot the exact word) which means you are equal borrower of the loan and either you or that person will repay the loan. + +Some other person mentioned to use masked Aadhar and write the purpose of the document, time while self attesting your Aadhar/Passport xerox copy. + +It is my humble request to mods to make a guide/wiki so that complete rookies who dont know anything of these types of frauds dont get trapped in this and if by any chance they do get trapped, should know what actions to take and whom to approach. + +Thank you +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). +All of our paychecks are direct deposited into a single checking account, from which we pay bills, invest, transfer into savings, etc. It works for us. + +My husband likes to have a big, solid cushion in this account, because so many of our bills are automated, including some large ones like school tuition. I can understand this. But also the amount we have in there feels excessive to me. + +So I’m just curious what other people do. How much do you keep in your checking account? Either a raw number or as a percentage... +Long story short, we have been looking for a house since 2019. The first down tick in prices has finally come along in our area. We’re debt free and able to borrow a good amount more than we intend to use. + +Quickly I found a beautiful house that I loved last week, and my husband was onboard since I’m the home renovator and financier of the fam. We went on vacation the day after putting in our offer and our realtor had us jumping on everything and it was honestly exciting. + +Yesterday I returned home, rushed to put down earnest money, and decided to visit the neighborhood again. + +The rose colored glasses came off. I realized the neighborhood was old and quiet, nothing like the fantastic one we’re in now (we want to move because we are now a family of 3 sharing 800 sf with two pets.) + +I decided to check what houses in that neighborhood had been selling for, and they were like 80-100k below our offer- within the last year. + +I want to call my realtor before the earnest check is cashed. We have the inspection Monday but I hardly slept stressing about it. + +I’m deleting my realty apps. Going the old fashioned way and getting a good realtor, holding out for something that checks all our boxes even if it takes a couple years. + +Anyway, any advice on breaking this to my realtor? + +Edit: found out I do have a right to cancel ammendum so that’s good? + +Update: thanks for all your suggestions. I ended up calling my Realtor and telling her our predicament. On top of the price point concerns, we found out our financial situation will be more uncomfortable and interest is over 6% even with perfect credit. We got a quote for citizens insurance at 5k annually🤮… anyway she said I could pull out today and get my whole deposit back. Didn’t even try to pressure me to move on with it, said home buying is super pricey rn. + +I deleted my real estate apps and learned my lesson. Thank you for your help!! +Its not like the mods are pressuring them or paying them. We just have people who have been waiting probably years for someone to listen and we are their audience. This sub will now have information they spent YEARS gathering and be able to pass it onto others. It is INSANE how anyone could think SOMEHOW GameStop is anywhere close to over with just this in mind. + +If people who are well known for their content are coming into do AMA's and taking time to let us know that they think something could definitely be up or that we are on the right track is INSANE . These people spent YEARS and YEARS perfecting their craft and now this subreddit gets to bask in the spoils. Its an insane sign that I feel not to many people are taking seriously or might not be noticing because they in awe. + +There could be an argument that " well they just like the attention and want the follows" + +I could see this being an argument if it wasn't for the fact that they never ask for follows or ask for their books to be bought or ask for anything in return. They simply ask that we listen and we have. A small price to pay for salvation. + +I appreciate every AMA guest and EVERY MOD. Thank you for everything and here is to more AMA's and more exciting weekends hopefully. + +Edit1. Mods you're dealing with A lot right now , Keep it up :) +[https://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-co-contribution/](https://www.ato.gov.au/Individuals/Super/In-detail/Growing-your-super/Super-co-contribution/) + +Don't forget (as I have in the past) to receive your free money from the government. + +If you're currently on a low income (< $53,564 for 2019–20) and have a little extra money outside of emergency savings it could be a good idea to contribute post-tax to your super to get free money from the government added to your super. + +Maximum co-contribution is 50% up to $500, so contribute $1000 and receive $500 from the government into your super. + +Income to contribution is: + +|Income|Personal super contribution of $1,000|Personal super contribution of $800|Personal super contribution of $500|Personal super contribution of $200| +|:-|:-|:-|:-|:-| +|$38,564 or less|$500|$400|$250|$100| +|$41,564|$400|$400|$250|$100| +|$44,564|$300|$300|$250|$100| +|$47,564|$200|$200|$200|$100| +|$50,564|$100|$100|$100|$100| +|**$**53,564 or more|$0|$0|$0|$0| + +All you need to do is contribute via BPAY or however else your fund accepts voluntary post-tax contributions. No paperwork, your co-contribution will automatically be added by the government after you do your tax return. + +Keep in mind if you have accessed your super through COVID-19 early release scheme and want to contribute back to get the co-contribution, talk to an accountant or the ATO first, as the ATO has said this may be considered fraud. + +EDIT: Check out the [Co-Contributions Calculator](https://www.ato.gov.au/Calculators-and-tools/Super-co-contribution-calculator/) to see if you're eligible and what level of co-contribution you should receive. + +&#x200B; + +EDIT: as [passthesugar05](https://www.reddit.com/user/passthesugar05/) pointed out, you need to have some income (10%) from employment or running a business to do this. + +eg. If you earned $50,000 purely from dividends you're not eligible. + +If you earned $45,000 from dividends and $5,000 from employment, you are eligible. + +EDIT again: as pointed out by [arjun512](https://www.reddit.com/user/arjun512/) worth checking with your super provider as they may not process your contribution immediately and you could miss out if you don't contribute well enough before EOFY June 30. + +&#x200B; +Original: [https://www.reddit.com/r/realestateinvesting/comments/dtofwd/tenant\_who\_asked\_to\_move\_in\_before\_the\_utilities/](https://www.reddit.com/r/realestateinvesting/comments/dtofwd/tenant_who_asked_to_move_in_before_the_utilities/) + +Figured I'd give you all an update post and let everyone know how it went. + +&#x200B; + +\- I did call a real estate attorney and confirmed that my actions were on par for my local landlord laws - + +I swapped the locks, and let the tenant know very professionally that I did so since they vacated the property, and that under two conditions they would have the full amount returned to them. + +First condition being that they get their deposit back pending the removal of their items and ensuring that the unit was in the same condition as prior to the 1st. + +Second condition being that they get their first months rent payment back as long as I can get the unit rented out before the 1st of December. I did this to add an incentive to make sure the unit was vacated in a clean and timely manner. They walk away mostly whole, minus some wasted time and stress, and same for me. + +They responded that they would have their items out the following day, and asked me to leave it unlocked for them. I did so today, and 4 hours later they told me the unit has been cleaned and vacated. Went to the unit an hour later to verify this, and it was fine. Perfectly clean and intact. No damage, no mess. + +&#x200B; + +I know some people said that I was dealing with a professional tenant, but considering that every scheme they tried to pull in their less than one week stay backfired on them, I think they might have just been slightly malicious and really stupid. + +Altogether though I learned a fucking lot on this week long adventure. I learned that if a tenant ever asks to move into a unit before the utilities are on I should ask them what's so bad about their current situation that they want to move into a unit without water, electric, or heat, and depending on their answer strongly consider just finding another tenant, and I should not be attempting to rent out a unit before I finish everything that needs done beforehand. I also learned I should triple verify everything regardless of who I believe them to be, people lie all the time, so I should just assume it's a lie until proven otherwise. + +Also to any noobies that might be on a tight budget and schedule, learn this lesson from someone else instead of yourself, because this could have ended worse for me, and it could very well end worse for you should you try it. I should NOT have attempted to rent out a unit before it is in perfectly livable condition for a couple of different reasons. First reason being that should any delays occur, even ones outside of your control, the tenant is going to grow angry, as you promised them a livable unit and haven't been able to provide one, and the most important reason is that the kind of tenant you're going to get on a unit that isn't up to standards (even though you have every intention of bringing it up to the standards) is a desperate tenant, one that has been denied by other landlords or one that is comfortable living in a unit that falls below normal living standards (probably dirty, dishonest, overall bad tenants) + +Anyways, thank you everyone for the help you've offered up and the creative criticisms on what I can do better in the future to make everything flow significantly smoother. Happy to be free of them and onto finding a new tenant for the 1st. +I would like the data posted so we can look it over and identify what is actually going on. If you knew anything about this sub before you joined it and posted, you would realize this sub is full of extremely smart people with all different backgrounds including programmers, finance experts, lawyers, data scientists, etc. + + +The only way you can “help” is by providing all of the data that “retail” is too dumb to understand. Unless you are hiding something, this request should be fulfilled TODAY. + +IF NOT, please remove yourself from this sub. Ps, prove you reached out to the other sub reddits and also provide which mods approved your joining or reached out to invite. + +Edit: to ensure they see this as no response is typical. u/ORTEX_official + +Edit 2: they have been tagged on The bird app as well. + +Edit 3: the post has been up for over 5 hrs without a response BUT u/ORTEX_official has responded to the AMA request. Mods should remove and ban u/ORTEX_official from the sub at end of business today market time. 4p EST. + +Edit 4 : to the mod that approved them “What say you?!” I was messaged that I hastily moved to hold a mod accountable by a ban. I will remove that request currently but highly recommend some transparency. Wut doing mod?! Maybe they should be put on mod probation or something? + +Provide the data and where it is being sourced from, please. This is not hard. + +Edit 5: WTF response is that? We are looking into it and it didnt just affect GME?! Mods, it is time to ban? They even said they are being bullied?! + +Edit 6: added please + +Last edit: Mods, please ban them as at a minimum this can be considered forum sliding. They are not even a person as they are an entity. They can post on the bird app as they always do. I personally see 0 value with them here. They bring lies, gaslighting, disruption. (Msgd mod mail) +I want to look for stocks whose prices have been flat (within plus minus 15% of its average price) for more than 3 months and have then started to increase. I was not able to screen this way using Finviz. Does anyone know a tool (free or paid) that allows me to do this? Do I have to start to write my own screener for this? +Just what the title says. MO has a great yield, but it should be a growth stock in the near future and it may have already started the climb a lot of us thought was inevitable. I just started buying it last month and I plan to continue doing so until it hits $60. +This is amazing!!! I seriously cant believe this. This is so wild. We are the best guys. Keep DRSing. We absolutely got this. UNSTOPPABLE! + +EDIT: They also talked about doing an AMA and there being distaste between the WallstBts page and us. But theres apparently an AMA Monday? This is a must listen too stream. Fantastic! + +Link to recorded stream on twitter: https://twitter.com/i/spaces/1ypKdELerLRGW + +Someone asked for a timestamps on the DRS part, it's at 1:00:30 (1 hour 30 seconds) + +57:45 talks about the AMA +Just wanted to say the HumanityDAO team were super thrilled when Vitalik tweeted about them and applied to join HumanityDAO, so much so they decided to "rig" the votes for him. + +The first 100 registered humans in HumanityDAO get a large percentage of the tokens that allow for governance. Unfortunately Vitalik was the 136th person to join. + +HumanityDAO came up with a good plan though. They've kicked out 40 members who applied in front of Vitalik so he can squeeze right in the first 100. Look for their announcement soon stating Vitalik was among the first 100 of their "decentralized" system where the founders kick out lots of members to suck up to the ETH ELITE. + +Their twitter and discord have the confused members trying to figure out why they were kicked, and HumanityDAO founders just say, oops, apply again. But Etherscan shows that it was the founders doing the kicking. + +You cant spell decentralized without elitism and marketing. Congrats on being in the top 100 Vitalik! + +&#x200B; + +&#x200B; + +EDIT: Proof is here: + +This is the one devs ethereum account.[https://etherscan.io/address/0xa0dc2f2f6fd98d9c7254f929db233f149741c432](https://etherscan.io/address/0xa0dc2f2f6fd98d9c7254f929db233f149741c432) + +Proof its his account, he is #1 on the Humans list and tweeted the address. + +[https://humanitydao.org/humans](https://humanitydao.org/humans) + +&#x200B; + +All of his recent transactions are just kicking out users that are in front of Vitalik. Here is an example: (click on "Click to see more" and then "DecodeInput Data". It will say he VotedNo on Proposal/User ID #89. + +[https://etherscan.io/tx/0xfc01bc52bf8cfabadfd1a037c8c4b39761fcc9a88aa2c1d20af26e62bc982e31](https://etherscan.io/tx/0xfc01bc52bf8cfabadfd1a037c8c4b39761fcc9a88aa2c1d20af26e62bc982e31) + +&#x200B; + +If you look at his most recent transactions, most are him kicking out people from the 130 and under group to get Vitalik in the top spot. He stopped as soon as people started trying to figure out why they were removed so close to being accepted in as no other users voted against them, just the devs kicking them out quietly. Conveniently Vitalik should squeeze into #99 or #100 spot, the lucky guy he is. Devs even said in discord they couldnt identify who voted someone out and to just reapply and they would give the ppl they kicked a boost to get in through at a lower ranking. + +They were hands off in voting until Vitalik signed up, then they switched to rigging it in his favor to try to milk the exposure. + +&#x200B; + +&#x200B; + +EDIT2: So Today they will spin it and we will all move on but the truth is the truth. HumanityDAO had a rigged distribution. + +1. They tweeted and shared their project on reddit to invite in everyone in the cryptospace in a fake display of open distribution. +2. They only planned on letting in ethereum celebritys or people they viewed as "useful" into the top 100. People the founder kicked out last minute were told they would be fast track added to get them to not dig into it. That they are human but just not human enough to be top 100. +3. In their discord they encouraged people to buy their token the HUM as an additional way to prove humanness and show you are vested in the project knowing that in the end they would veto last minute and their veto power outweighs any votes you have. +4. After they were called out on it they tweeted and deleted tweets saying people were trolling them. +5. Then they made a tweet on their HumanityDAO twitter to run a quick vote where the "community decides" if they should focus on only letting in people in the crypto industry.[https://twitter.com/HumanityDAO/status/1128569437819293696](https://twitter.com/HumanityDAO/status/1128569437819293696) +6. After 1 hour they declare the vote finished saying they will focus on letting in crypto users to retroactively say their decision was what the community wanted. Its a bizarre discussion since everyone is either in crypto or a fan of UBI but they are creating this narrative that "non crypto users" were trying to trick their way in.[https://twitter.com/HumanityDAO/status/1128581447101497344](https://twitter.com/HumanityDAO/status/1128581447101497344) +7. Read rich's actual words:[https://twitter.com/richmcateer/status/1128593251269611521](https://twitter.com/richmcateer/status/1128593251269611521)The people the Founders kicked out were just "lucky" to have found their project after their mock marketing release. They werent meant to join or get distribution. They got kicked and had their ethereum they staked to join taken because they werent viewed as part of the community. +8. In the discord rich says "We arent sure who veto'd who", you can literally view it on the blockchain. I have, it was them kicking people out. +9. Now they will say it was a mistake for them to get involved in voting (their involvement was just voting up their friends and kick voting any "unlucky" early participants even though at this point it doesnt matter, they finished their plan of rigging The 100. +10. Theyll blame the community to some extend and then just market/PR their way beyond this. + +They will want everyone to forget but the truth is the first 100 positions were rigged, they view you as "lucky" to even be involved in their project, they will keep repeating it wasnt rigged 'for Vitalik', they just happened to only veto kick ppl who applied before him and then encourage those people to rejoin. If it wasnt for Vitalik, it was for their friends as rich posted on twitter it made more sense to them to pick and choose:[https://twitter.com/richmcateer/status/1128593251269611521](https://twitter.com/richmcateer/status/1128593251269611521) + +If thats the case they should have opened explaining this to people and not pretend the beginning was in any way a fair distribution. I'm mad that this is how projects operate, their launches are fake/rigged. + +&#x200B; + +If you wanted only certain people you should have just done a closed launch, no one would have objected, its just insulting to have to watch all this pretending/marketing so you can later claim a fair launch/distribution. Its even more insulting they are going to say they were worried some of their first 100 would dump their coins, wouldnt that just distribute the coins more? Personally I was very interested in the project, I was excited to be an early member, I even bought HUM and participated in the community. But to them I'm just some lucky SOB who wants to scam his way into their $1/mo UBI. I dont want your coins, I dont want to be apart of your project. + +&#x200B; + +If theyll openly rig distribution, I wonder what else theyll rig? + +I wonder if I even posted this if anyone would have noticed. What really set me off was when a user asked why they were kicked, they said they didnt know, and I pulled it up on etherscan and it was them. But we're the unwashed masses who are easily fooled. I Just wanted at least this info to be known so it can be looked back upon when they later claim how fair their launch went. + +&#x200B; + +EDIT3: + +Removing number 3, while the Devs did continue voting after they said the would stop, some people are saying they had to Vote to fix a glitch. I will stick to the main points that are unchanged to avoid people latching on to that. I cant comment because my reddit account is so new. + +One last addition, to the people telling me that this is a conspiracy theory: + +When they first saw this thread the first thing they did was delete tweets/discord posts, then create a twitter poll on @HumanityDAO asking if they should approve "Humans" or "Crypto community". 1hr into the 24hr poll they declared "Crypto commuity" the winner and stated "It makes more sense to me to inspire builders with a shared goal than to distribute to a lucky crowd" then stated the focus of HumanityDAO changed, " Okay, the Schelling point has changed. ". Thats odd behavior in response to people asking them to address this post. + +&#x200B; + +People still asked them to address the post, all the people who were kicked. Then they said they'd address it, then changed their mind stating they didn't need to because that their actions "werent that bad" and then they deleted that tweet. Then they said HumanityDAO is just a game, play how you wish. + +&#x200B; + +I didnt like that they encouraged people to pay to apply, buy HUM to stake, told them to vote/participate burning ETH, told them that the deciding factor would be left to the community to decide their humanness and then throw down the deciding vote to veto them after the community decided not to kick. Then when they asked what happened, told to apply again. A lot of those people were active on twitter and in the discord regularly chatting with the devs. You can find them on twitter and in the discord still confused and complaining, dozens of them. + +&#x200B; + +I could go on all day but no real point. I just cant wait to see if they just admit to what happened so everyone can move on or if they continue with their pattern of odd behavior. + +&#x200B; + +FINAL UPDATE: +Here are the relevant tweets about the devs kicking out the 40-50 people who applied in the top 100. They didnt know them personally so the were booted and told to reapply (which gave them a lower share of voting rights). The actual reason, if it was to get Vitalik placed or to get their friends placed in the top 100 is debatable. Here is the final confirmation that they did the booting. + [https://imgur.com/a/tf84Ncp](https://imgur.com/a/tf84Ncp) + +&#x200B; + +MOST RELEVANT TWEET: +[https://i.imgur.com/W9UGWqZ.png](https://i.imgur.com/W9UGWqZ.png) + +&#x200B; + +I merely wanted to point out the early distribution was being manipulated I just wasnt 100% sure why and I'm still not. + +&#x200B; + +Thank you for reading and allowing my post to be here. I apologize for the formatting and the walls of text. +Early 30s here, I was raised in a household watching every penny and being frugal. Similarly I’m very frugal and have been eyeing a watch that costs $500 for years. Logically I have plenty of money but every fiber of me and my upbringing says this is a stupid purchase but the logical side of me says it isn’t even noticeable at my net worth. For those of you that went through this journey from frugality to spending on nice things how did you tell yourself it’s ok and how did you give yourself permission to do so? +I've just recently gotten into wheeling, selling covered calls on stocks I already own. I originally freaked out when my call went ITM, and would buy it back rather than have it be exercised. But now it occurs to me that I effectively was setting a limit sell price for my stock, and getting paid for it. Same for cash secured puts, you're effectively setting a limit buy order and getting paid for it. Am I crazy? +What’s more interesting is, the next house the auctioneer went to also passed in, at above the estimated range. + +What can I do from here? Surely this can’t still be a thing. And yes I know that “the vendor can set the reserve the day of the auction” but if they’ve been told the whole time to expect xxxxxxx amount of dollars, why would they set it to a stupid figure? + +The house we bid on is now advertised for 790-850. +https://www.cnbc.com/2021/03/26/sofi-to-give-amateur-investors-early-access-to-ipos-in-break-from-wall-street-tradition-.html + +Online finance start-up SoFi is lowering the barrier for amateur investors to buy shares of companies as they go public. + +These IPO shares have historically been set aside for Wall Street's institutional investors or high-net worth individuals. Retail traders don't have a way to buy into newly listed companies until those shares begin actually trading on the exchange. By that time, the price has often gapped higher. + +"Main Street will have access to investing in a way they wouldn't have before," SoFi CEO Anthony Noto said in a phone interview. "It gives more differentiation, and more access so people can build diversified portfolios." + +SoFi itself will be an underwriter in these deals, meaning it works with companies to determine a share price, buys securities from the issuer then sells them back to certain investors. It's common for brokerage firms to get a portion of IPO shares in that process. But they don't typically offer them to the everyday investor. + +Noto worked on more than 50 IPOs, including Twitter's debut, in his former role as partner and head of the technology media and telecom group at Goldman Sachs. Firms like Goldman generate revenue from Wall Street funds, which often choose to get in on an IPO "based on the access they get to that unique product," he said. + +"Individual investors don't generate those types of revenues, therefore they don't get access to the unique product," Noto said. "The cost of serving retail, if they did decide to do that, would be too high." + +SoFi clients who have at least $3,000 in account value will be able enter the amount of shares they want as a "reservation." The app will alert them when it's time to confirm an order. +Netflix content chief Ted Sarandos told film and TV executives big budget projects must be more cost-effective, The Information reported. + +Netflix is notorious for its massive content spend, but it has said it expects cash burn to peak in 2019. + +The reported messaging marks a shift in Netflix's strategy, which has previously justified lower viewership numbers for some content with buzz and credibility. + +More +https://www.cnbc.com/2019/07/01/netflix-reportedly-getting-serious-about-viewership-for-big-projects.html + + +In the first quarter, Netflix had $4.5 billion in revenue, $344 million in profits and 6.96 billion in debt. +What are some of the little things you recommend that are a little outside of the box? + +Could be as simple as ways to reduce your spending, quick ways to make money on the side, anything. + +A good one for particularly younger/new homeowners is reviewing your mortgage a year+ ahead of remortgaging to see whether you might tip over a loan to value threshold (say 25% capital) by overpaying. Certain thresholds will give you a lower interest rate that would save you money on the next agreement. +A friend asked me about my financial journey and always assumed that I always made good and calculated decisions which ultimately lead to my financial success. I was very quick to shut down that idea as I proceeded to explain a wide range of mistakes I have made ranging from poor salary negotiations to investing based on hype and fomo. Some of these mistakes were small and petty and others brought a very very heavy sinking feeling inside. Ultimately it was the learning from the mistakes and striving to be more rational in my approaches that has led me to where I am today. And so I ask what is your biggest financial mistake? +So I YOLO’d Affirm ($AFRM) shares at the bottom when it cratered for some reason post-IPO and now my position has blown up to a pretty significant sum over $4 million now after an insane run since the summer. + +I’m planning to hold at least another year for LTCG since this is in a taxable account but have never held such a concentrated position in my life. + +it’s a decent percentage of my net worth and could “lock in” the higher range of chubby/low end fat (single, early 30s) here if I start selling but also wouldn’t be the end of the world if it corrected a little since I’m fairly confident that it will still be higher than where I bought by mid next year. + +Would you just leave it alone and not look at it for awhile or hedge in some way? + +Edit: sounds like buying puts is not a good idea because it resets the ltcg clock. +(This post presumes that the news is true. If not, then nothing below matters). + +Caution: securely fasten your tin foil prior to reading this. + +Timing is everything. Was Icahn smart to go short at the January sneeze peak? That will depend on when he closes his position. + +If you were Icahn and you knew that you could affect a share price just by revealing your position, why would you ~~wait until~~ **now** leak (or confirm) that you are short? + +Think about it. When would you want to give the price a final push in the downward direction and try to take it to its bottom? + +I know when I would. Right before I fucking close my position. + +But what if he (and/or his son Brett) now believe that GME is undervalued? Will he convert his short position to long? + +If it were me, I would leak that I'm short, find the bottom, and then close my position, maximizing profits regardless. But if I wanted to convert to long, I would negotiate to buy my shares "at the market" or ATM. Especially given the fact that we have such low volume, a massive buy could cost him a lot more than it would have to as opposed to negotiating an ATM purchase. + +This could explain the meeting between he and RC. And why RC couldn't talk about what they discussed. And why RC clearly is still a big fan of the OG. And why Carl said that he couldn't talk about some of his positions. + +If Icahn opened a short position recently, it would not be good news (other than it would help us DRS quicker). Assuming he is no longer adding to his short position, any harm to the price has already occurred and only good can come from here. + +4d chess. I'm fucking jacked about this. + +Edit to add: u/Pizzle31's [comment](https://www.reddit.com/r/Superstonk/comments/z1frwl/carl_icahn_being_short_is_some_of_the_best_damn/ixaqqy1?utm_medium=android_app&utm_source=share&context=3) got me thinking... + +RC's admiration for Icahn is apparent from how he speaks of him (see interview from yesterday). And as is shown in the HBO doc about Icahn, RC seems to be emulating a lot of Icahn's strategies and principles. So how far fetched is this???? RC knew Icahn was short, knew he could flip him, but wanted to wait until we were profitable to even speak of it to Ichan. Respect. Talk is cheap. So he meets with Icahn +..when? Just at the end of the third quarter. Icahn learns of GameStop's profitability. But he can't do shit with that information until it's public. So he has to wait for earnings! And of course, he'll be ready to close at that moment. What did Icahn say during that long ass interview he did a couple weeks ago? Something like, "I can't talk about another stock I like until earnings." + +Earnings have always been a hyped date. But this feels different. So did last time. But this time feels differenter + +Edit 2 to add: Didn't we recently vote to authorize GameStop to issue a lot more shares than they ended up needing for the splividend? That excess amount could be intended for something like this. + +Edit 3: seeing many comments raising the same issues, so I want to clarify a couple things: + +1. *This is old news. He closed his shorts long ago.* It was reported that he still has a sizeable position. This post presumes that is true and that he's still short. + +2. *Isn't that insider trading?!* No. Inside information has to be protected, but that is easy to do with an NDA and a written agreement that the recipient will not act on inside information until it becomes public. Again, this would be why Icahn said he has to wait until earnings. +A while back someone posted about some of their favorite everyday items, which cost a multiple more than typical items. + +I learned about these $18 [Nail Clippers](https://www.amazon.com/Seki-Stainless-Fingernail-Clipper-SS-106/dp/B000F35R00) (which are pretty awesome) and thought I would start the post again and see what other everyday items you feel are worthy of spending more than most would think to spend due to their excellence. + +To start the discussion, I will share my favorite $12 [Dark Chocolate Bar](https://www.amazon.com/gp/product/B00PIMSTH6). +I know I am going to get a lot hate, but hear me out. Lately I have been giving this a lot of thought. Investment companies buying up SFR aggressively since 2010, and these companies have grown to a point where we are at risk of never being able to own a home. + +Companies like Invitation homes, American Homes 4 Rent, and Tricon Residential have accumulated up to 168,000 homes in the past couple years. Tricon’s new goal is to buy at least 800 homes a month. It is nearly impossible for the average person to be able to compete with these companies that are gaining money under disguise of REIT’s. + +Some people will say “these companies only own a small fraction at the moment”. If this is you then ask yourself “when do you think they will stop buying”? These major companies are not going to stop until somebody stops them. As long as people need houses they will continue to out bid you and then try to rent the house to you at a higher rate each year. + +I foresee with in a couple more decades our nation is going to turn into a nation of renters bc these major companies will own the grand majority of the SFR. How are our kids going to be able to afford to compete against these all cash companies? + +This post is a legit concern and I am curious how do you think this will play out? + +Please no sarcastic comments. Lets have a rational conversation. +Nerds On Site a Canadian IT services company, released their Q2 results and thought I would share some ideas about short and long term outlook. + +Q2 report shows profits up 7.7% which isn't anything major but what is interesting to me is the fact that they leaned out operations, cut operating overheads and improved gross margins by 22.5%. + +This is important because there is a lot of buzz around a potential partnership being announced between Staples Canada and Nerds On Site, which could have a significant impact on their revenue. A lean operation with healthy gross margins is what we're looking for in a company that is positioned to scale up revenues. + +Here's a little more about the potential partnership: + +There was a recent press release from Nerds On Site regarding a potential partnership with a large Canadian tech partner. There was rumours about this being a partnership with Staples. The writing was on the wall when some redditers found google results linking to a Staples services page on the Nerds website, which was then quickly removed due to (what I believe to be) an NDA between the parties. + +A potential partnership would be extremely strategic for Staples and even more so for Nerds On Site. + +If we look at the Best Buy and Geek Squad relationship for reference: + +Although Best Buy doesn't report separate financials, my research indicates that Geek Squad is responsible for 5 to 6% of Best Buy's $40+ Billion a year of annual revenue. That puts Geek Squad at the $2 to $2.5 Billion a year range with reports of gross margins being 40 to 50%. This makes Geek Squad the single biggest asset Best Buy ever acquired. + +Circling back to Staples and Nerds On Site... It's hard to pin a number on Staple's annual revenue as they were recently privatized. General research puts the number at $2.5 Billion a year in Canada. If we do the relative math, this puts the partnership potential for Nerds On Site at $125 Million in annual revenue in Canada. + +Here's why I think the revenue potential for Nerds On Site may be even higher than the direct comparison model mentioned above. + +Staples' customer base is unlike Best Buy's. Whereas Best Buy focuses on consumer electronics, Staples' focuses on the SME customers. Staple's customer base is much more likely to convert for managed service offerings than Best Buy's customers would. Given that the customers are SME's, the average order value and life time values of these customers will likely be much higher than that of retail consumers. Nerds On Site would be perfectly positioned to capture this opportunity as the SME segment is what they have been focused on since 1995. + +Here are a few other items that have me super bullish on this stock... + +1. The operators / founders of this company did a pure play IPO to list this company. This wasn't some reverse merger or shell game, print a ton of shares typical exit scam we've come to grow accustomed to in the small cap space. +2. They've been focused on slowly and steadily expanding the business vs pumping the market with press releases to artificially inflate the stock prices (in the last year or so that I've been periodically looking at this company it surprises me how little press they put out. It's almost to a detriment). The short of it is these guys are here to build a business and not pump a stock. This company/stock is fundamentals driven. (This is extremely important and here's why....) +3. The founders and insiders own most of the stock for this company and they have been consistently buying whatever they can since IPO (google this and you'll find it). The majority of the stock is restricted with very little float free trading. The slightest buy volume will send this stock soaring (as seen in the last week), if the market literally sneezes on this stock its going up... and this isn't one of those scenarios where there are a bunch of stock jockey insiders foaming at the mouth to cash-out and unload into the buy volume. +4. The company has been around since 1995, has a 95% customer satisfaction rating, currently does $10 Mil a year in rev (I know, it's not much but its relative to their market cap) and is positioned to scale hard and fast in Canada and the US. +5. Their service offering works perfectly with the economic macros (Covid / Post Covid trend) of leveraging technology for seamless remote work forces, which also alines with Staple's customer base. + +These are all catalysts for massive moves in the short term... but here's why I'm super bullish on the long term outlook as well. + +If Nerds On Site sees an initial pop on their stock price (which already seems to be happening), they will have real stock currency to go on an M&A spree acquiring smaller regional players in IT services space. The way their platform works (how they acquire and train nerds) lends itself to quickly and seamlessly acquire the smaller players and convert them to the nerd model. This is very important because they can essentially buy revenue needed to pave their path to a Nasdaq listing. + +This is one of the few companies that truly belongs on the Nasdaq. It's a pure play technology company with great fundamentals and just needs the catalyst to scale. (That catalyst seems to be coming in a big way imo). + +Here's why I think there's a planned path to the NASDAQ for this company: + +Doing some additional DD, I looked at the current board members of this company and did some research on the names. Two in particular were very interesting. + +&#x200B; + +1. Kevin Ernst: spent 8 years serving as Managing Director for the NYSE Euronext/NYSE Amex. Also worked with Merrill Lynch. +2. Nicole Holden: Assistant Chief Auditor at The Public Company Accounting Oversight Board. (This organization does public company audits for SEC). + +It wouldn't make sense for these two individuals, given their credentials, to be sitting on the board unless there was a bigger strategy at play (I believe that strategy is an uplist to Nasdaq). Judging resumes, these two certainly aren't on the board due to their stellar computer repair skills. + +If the roadmap plays out the way I'm seeing it, this stock has the potential to be a solid long term hold and with some short term opportunities to take the initial investment off the table. + +Thought I would share my DD on this. Please do your own research! + +**Full Disclosure: I'm a buyer of this stock and I'm long on this company. I want to bring awareness to this company as I think it's a Canadian company thats been undervalued for a long time. I have posted my DD on two other subreddits and it was well received so I posted here too as this is a Canadian investment sub and I thought it could be of value. I also welcome any criticism as it forces me to look at things from multiple lenses.** +Hello Apes, Bones here, im going to explain what exactly the OBV is, what it does and how it pertains to GME.🚀 + +https://preview.redd.it/ynaviphkfj571.jpg?width=828&format=pjpg&auto=webp&s=5d49c34c2259e89c511765963a43ba39c16dfe8a + +So what is the OBV? Well OBV stands for “On Balance Volume”  + +•On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator that adds volume on up days and subtracts volume on down days.  + +⚠️The actual value of the OBV is unimportant; concentrate on its direction.⚠️ + +* When both price and OBV are making higher peaks and higher troughs, the upward trend is likely to continue. +* When both price and OBV are making lower peaks and lower troughs, the downward trend is likely to continue. +* During a trading range, if the OBV is rising, accumulation may be taking place—a warning of an upward breakout. +* During a trading range, if the OBV is falling, distribution may be taking place—a warning of a downward breakout. +* When price continues to make higher peaks and OBV fails to make higher peaks, the upward trend is likely to stall or fail. This is called a negative divergence. +* When price continues to make lower troughs and OBV fails to make lower troughs, the downward trend is likely to stall or fail. This is called a positive divergence. + +[https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/OBV](https://www.fidelity.com/learning-center/trading-investing/technical-analysis/technical-indicator-guide/OBV) + +Now that you have a brief idea of what OBV stands for and how its used in technical analysis i will present how to use it as an indicator for GME price action. + +So if you look at the (180/1 day) chart for GME you will see that the price of GME is going down (at the moment).... BUT, the OBV is staying flat and actually continuing its upward pattern ever so slightly. + +&#x200B; + +[\(GME OBV 180 day chart\)](https://preview.redd.it/zbht8slsfj571.jpg?width=828&format=pjpg&auto=webp&s=1a1c7e620a3adb137dfabcc783643d6865a8148b) + +“But why would the price go down if the OBV is going up or staying flat?” + +&#x200B; + +[Vlad the stock impaler](https://preview.redd.it/0pvmjydwfj571.jpg?width=828&format=pjpg&auto=webp&s=764c994674f835ade9d1777e19904ea12fc91ca4) + +Thats because there is actually buying pressure outweighing the selling pressure or coming damn near close to being even!  + +\-There are many great DDs out there explaining how hedgies use ETFs to short gamestop. In my opinion I believe the OBV is indicating that YOU, the Diamond Handed Apes are HODLING your shares and buying more that the OBV is staying up do to holding and buying pressure, and it proves that the price is indeed WRONG!  + +Hedgies are shorting gamestop through ETFs/ Dark Pools to artificially deflate the price, this keeps the price of GME down temporarily until they stop, once they stop shorting ETFs, GME begins uptrending because of buying pressure. There are no more shares available to short Gamestop (GME), so they resort to shorting ETFs that contain GME like XRT which is a big one. this does not effect the volume on GME because the hedgies are shorting ETFs, not GME directly, therefore the price of GME deflates but the OBV is showing otherwise. This is only a temporary fix for the hedgies. They are FUK either way. + +This leads me to believe the price is 100% WRONG! Hedgies are trying to get Apes to paper hand and sell. And Apes are proving that it takes nothing to HOLD, and costs them everything to kick the can down the road. + +&#x200B; + +https://preview.redd.it/zzfhrcrfgj571.jpg?width=828&format=pjpg&auto=webp&s=db00d05ef9ca1f0c9f5646f555c37952620a0c32 + +Listen here hedgies, you cant kick the can down the road forever, DIAMOND HANDS got you beat. It costs nothing to hodl these shares to the moon and it will cost you everything to try and make apes paper hand.  + +[Diamond Hands \(APES OWN THE FLOAT....and then some\)](https://preview.redd.it/vubzln7hgj571.jpg?width=828&format=pjpg&auto=webp&s=79588bf1c9fec000bc91e92663b4146a0eb6e10f) + +📈As for me, I like the stock📈 + +🐻Hedies R Fuk🐻 + +🚀🦍See you on the moon Apes 🦍 🚀 + +\-Boner out✌️ + +(If i missed something or if anyone has info to add please leave it in the comments or DM me and i can add it)   + +❌Obligatory: \*not financial advise\*❌ +Top 5 cryptocurrencies by market cap. + +1. Bitcoin (BTC) +2. Ethereum (ETH) +3. Binance Coin (BNB) +4. Tether (USDT) +5. Solana (SOL) + +Out of these 5 only 2 are decentralized - Bitcoin and Ethereum. + +The other 3 are centralized - Binance Coin, Tether and Solana. + +When Satoshi created Bitcoin, I’m pretty sure this not what he would’ve wanted. He wanted a decentralized peer-peer payment system. + +Later, Vitalik used its technology to create a smarter network. (Doesn’t mean better). + +Decentralization is so important due to so many reasons - the main one being freedom. + +At any moment centralized cryptocurrencies can suspend transfers or create 100 million more tokens making your stack worthless. + +Cryptocurrency is a way for a decentralized financial system. Giving power to people! +Hi guys I really feel like giving up forex, after 4/5 years giving up thousands of hours of my life and still not consistently profitable I think it’s time to throw the towel in. I technically haven’t lost a tonne of money, I’ve never blown an account, so that’s a good thing, I’m just consistently losing more money than I’m profiting, struggle to hit 1:2 ratios. I work full time and one of few things I can take away from my experience is the higher timeframes are the best, nothing below 4hour TF for sure, and recently been looking more and more into daily timeframe for analysis AND entry. I feel like I’ve tried EVERYTHING, and that’s the main thing that sticks with me, the idea of looking at charts for analysis and entry just once a day sounds like a dream. Anyway, I’m struggling! Come so close so many times over the years to nail this. I’ll be brutally honest my ‘strategy’ is too much of ‘trade what you see’ for e.g. if there is a strong rejection of a major trendline and an entry candlestick then that is enough for me. I cannot faff around with hourly candlesticks and checking my phone multiple times per day for the perfect 15min candlestick…. I guess I’m looking for more literature or general education on higher timeframe trading… Who has come very close to giving up and been grateful to themselves for sticking with it in the ups and downs? +# Dance of Darkness: The SEC and Dark Pools + +Hello everyone, as requested I am trying again to get this on r/Superstonk so this stays documented, and allows the light of transparency to be shone upon Darkpools, hopefully this time it uploads, and if it does, enjoy: + +Hello everyone, thank you in advance for your patience and for reading this thesis on dark pools and the SEC. First, please note that this is strictly not financial advice and just research I have compiled over weeks for entertainment purposes—it's all-public information and not intended to affect the price action of any stock in any way, shape, or form. + +The article will be divided into 3 major parts: SEC and the financial derivatives market, dark pools of credit swaps and synthetic shares today, FUD dispersal, and legal ramifications of naked shorting. I was motivated to write this article as a result of two conditions: the ongoing process of appointing Gary Gensler as the SEC chairman, and the revelation of the existence of massive dark pool trading certain meme stocks, in an effort, to bamboozle the retail investor. + +\---THE SEC SECTION--- + +Gary Gensler, the former chairman of the CTFC (Commodities Trading Futures Commission) is currently in the process of being appointed the SEC chairman. Currently, the senate banking committee has approved Gensler at a 14-10 vote ([https://www.investmentnews.com/senate-banking-committee-approves-gensler-nomination-203813](https://www.investmentnews.com/senate-banking-committee-approves-gensler-nomination-203813) , [https://www.c-span.org/video/?509429-1/sec-chair-cfpb-director-confirmation-hearing](https://www.c-span.org/video/?509429-1/sec-chair-cfpb-director-confirmation-hearing) ), and he will be voted on by the Senate proper in a weeks time on April 12th ([https://www.thinkadvisor.com/2021/03/31/schwab-expects-activist-sec-under-gensler-senate-sets-confirmation-vote-date/](https://www.thinkadvisor.com/2021/03/31/schwab-expects-activist-sec-under-gensler-senate-sets-confirmation-vote-date/)) . He is expected to have bipartisan support and to be sworn in as the new SEC chairman. Gary Gensler is extraordinarily hated by Wall Street for a couple of reasons, the primary being that he is a hard-nosed regulator interested in the transparency of the marketplace and democratizing the information within it in favor of the little guy. This fundamentally goes against the closed country club nature of Wall Street, which is shown by the enforcement of the Dodd-Frank Act ([https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank\_Wall\_Street\_Reform\_and\_Consumer\_Protection\_Act](https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act) , [https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) ). + +The last time Wall Street made a grievous market error was in 2008. This was due to the financial derivatives market and credit default swaps market having a massive correction ([https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp](https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp), [https://www.investopedia.com/terms/d/derivative.asp](https://www.investopedia.com/terms/d/derivative.asp) ). The financial derivatives market (futures, in particular) was designed by markets to allow farmers, ranchers, manufacturers, industrialists, producers, etc., to lock in prices and mitigate risk in the production and operation of businesses. Thus, the core of what these markets are about is to lock in prices for commodities and to manage risk for the supply chain. Thus, the derivatives market is quite essential to the supply management side of the real economy (the part of the economy where you and I work), as such any meltdowns in the derivatives market further deteriorate our economy; in 2008, this spilled over to the real market—which combined are gigantic markets, estimated at 640 trillion dollars ([https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp](https://www.investopedia.com/ask/answers/052715/how-big-derivatives-market.asp) ) in market capitalization. According to Gary Gensler that represents roughly $22 of hedging for every dollar exchanged in the real economy ([https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection](https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection) ); this is from 2010 though, so it could be a lot higher right now. Such futures and swaps are invested in almost every aspect of our lives (food, fuel, mortgages, credit rates, interest rates, etc.). So, given the importance of the derivatives market, it must stay transparent and competitive; this was not the case in 2008. + +Due to two things being in play in 2008, dark pools and credit default swaps, specifically CDSs insuring against CDOs composed of collapsing mortgage bonds. As a result of the underlying assets (mortgages) defaulting at a rapid rate, causing the collapse of the bonds, causing the CDOs composed of the bonds to collapse/default in price; causing the CDSs to kick in and insure against the original value of the bond upon inception of the CDSs. This transaction occurred, you guessed it, in dark pools. dark pools will be covered highly in-depth so bear with me, Gary Gensler’s response needs to be analyzed first. First definitions: + +CDOs; collateralized debt obligations, think of these as financial products composed of multiple other financial products backed by assets like bonds, collateralized loans, etc. ([https://www.investopedia.com/terms/c/cdo.asp#:\~:text=A%20collateralized%20debt%20obligation%20(CDO)%20is%20a%20complex%20structured%20finance,derived%20from%20another%20underlying%20asset](https://www.investopedia.com/terms/c/cdo.asp#:~:text=A%20collateralized%20debt%20obligation%20(CDO)%20is%20a%20complex%20structured%20finance,derived%20from%20another%20underlying%20asset) )). + +CDS: Credit Default Swap; in short, it's insurance against a value of a security in case its value drops. It works by taking out a policy against a security and paying somebody else to take the risk of its valuation falling. This risk is taken off your shoulders, by you paying the other party a premium to maintain the insurance policy (i.e. you hedge against your securities dropping in value). As such, the value of the security you are insuring is safe if you keep up your premium payments, insuring you against risk. Furthermore, if you choose to exercise your insurance, as the value of the security falls, you are paid out your insured amount; if the value of the security rises and you choose to close out/exercise, you will take that loss + premiums ([https://www.investopedia.com/terms/c/creditdefaultswap.asp#:\~:text=A%20credit%20default%20swap%20(CDS)%20is%20a%20financial%20derivative%20or,with%20that%20of%20another%20investor.&text=To%20swap%20the%20risk%20of,the%20case%20the%20borrower%20defaults](https://www.investopedia.com/terms/c/creditdefaultswap.asp#:~:text=A%20credit%20default%20swap%20(CDS)%20is%20a%20financial%20derivative%20or,with%20that%20of%20another%20investor.&text=To%20swap%20the%20risk%20of,the%20case%20the%20borrower%20defaults) ). + +Dark pools: Dark pools are exchange forums that replicate open stock exchanges, closed off to the public designed to hide institutional trading intent. In other words, by Gary Gensler himself, dark pools are designed to lack regulation, transparency and the light of transparency must be shone upon them ([https://www.investopedia.com/terms/d/dark-pool.asp](https://www.investopedia.com/terms/d/dark-pool.asp) ). + +As definitions have been established let us quickly reiterate the chain of events in 2008, and Gary Gensler's response as the CFTC chairman; and how he dealt with dark pools before (meme stock synthetic shares are in dark pools I would speculate): + +Banks relax loan requirements to make cash of interest and mortgages-> package those into bonds --> package those into CDO's --> market them as a great investment, while the underlying bonds are absolute garbage (this became garbage around 2006) --> Michael Burry and co notice this and take CDS on them --> wait 2 years, 08 roles around --> the market corrects itself violently where CDS are basically used to wipe out mortgage CDO's; these transactions occur in dark pools, away from the public eye; all the while like right now the media say everything is absolutely fine, you should totally hold onto your mortgage and get it refinanced (sell your meme stocks today, the squeeze is definitely over, you should totally believe us). + +Thus, the unregulated swaps market split over into the real economy and exposed everyday Americans to real risk (with meme stocks it’s reversed, the shorter are at real risk right now). + +In comes Gary Gensler and the Dodd-Frank Act: [https://en.wikipedia.org/wiki/Gary\_Gensler](https://en.wikipedia.org/wiki/Gary_Gensler) . + +Due to the crash, the Dodd-Frank Act was designed to curb excessive market abuses and speculation due to the lack of transparency from dark pools—it had 3 main goals according to the prospective SEC chairman ([https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection](https://www.c-span.org/video/?304711-1/financial-regulations-consumer-protection) , [https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) ): + +i) Bring transparency and competition to swap dark pools + +ii) Lower risk + +iii) Increase market integrity + +As such, according to Gensler, 90% of unregulated swaps and futures were brought from dark pools and mandated to use clearinghouses, so position data could be marked real-time for the public to view. + +Furthermore, the Dodd-Frank Act established several other protections ([https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp](https://www.investopedia.com/terms/d/dodd-frank-financial-regulatory-reform-bill.asp) ), these are as follows: + +i) Protections against the formation of too big to fail institutions (so Citadel can fail, and everybody will be fine hypothetically), as a failure of any one of them, could negatively affect the US economy. + +ii) The Consumer Financial Protection Bureau (CFPB), established under Dodd-Frank also worked to curb predatory mortgage lending, deterring high commission mortgage brokers from closing high-interest loans with high fees; stopping the feedback loop of bad loans being dished out in exchange for high commissions, fees, and interest. It also protects consumers from excessive credit and debit card fees and interest, by my understanding ([https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) ). + +iii) Volcker Rule: It restricts banks investing in speculative trading and eliminates proprietary trading ([https://www.investopedia.com/terms/p/proprietarytrading.asp](https://www.investopedia.com/terms/p/proprietarytrading.asp)); moreover, banks are not allowed to be involved with hedge funds or private equity firms considered to be too risky; lastly, to minimize possible conflicts of interest, financial firms aren't allowed to trade proprietarily without sufficient "skin in-game". Furthermore, the Volcker Rule: "regulates financial firms' use of derivatives to prevent "too big to fail" institutions from taking large risks that might wreak havoc on the broader economy" (Citadel may be intimately familiar with this). + +iv) Whistle-blower Program: The Dodd-Frank Act also goes ahead and strengthened and expanded the whistleblower program. As such it specifically established a mandatory bounty program (you heard that right, if you hunt down a shill spreading "insider information", that alludes to collusion or any other illegal activities, you get a big fat reward). I'll let the text from Investopedia take this one here: + +"Specifically, it established a mandatory bounty program under which whistleblowers can receive from 10% to 30% of the proceeds from a litigation settlement, broadened the scope of a covered employee by including employees of a company's subsidiaries and affiliates, and extended the statute of limitations under which whistleblowers can bring forward a claim against their employer from 90 to 180 days after a violation is discovered". + +Meaning, you as a whistleblower can receive up to 30% of the litigation settlement amount if you can provide concrete evidence of collusion (we'll expand on naked short fines in a bit after the in-depth dive through dark pools as promised.); so if you have proven insider information, happy hunting: [https://www.sec.gov/whistleblower/frequently-asked-questions#:\~:text=Under%20the%20program%20eligible%20whistleblowers,regulatory%20and%20law%20enforcement%20authorities](https://www.sec.gov/whistleblower/frequently-asked-questions#:~:text=Under%20the%20program%20eligible%20whistleblowers,regulatory%20and%20law%20enforcement%20authorities) . + +Lastly, to end this section I'll leave the actual Dodd-Frank Act here in case any legal scholars are reading this and would like to dissect this: [https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf](https://www.govinfo.gov/content/pkg/PLAW-111publ203/pdf/PLAW-111publ203.pdf) . + +Now going back to the man who enforced this and brought the banks and other bad financial actors under control the last time by busting these dark pools, Gary Gensler. If Gary Gensler is appointed, and if these hedge funds have their short positions in dark pools to dupe the consumer; they will not only be breaking a litany of federal financial regulation laws. Furthermore, the SEC, DTTC, and hedge funds/institutions long on meme stocks (Blackrock) have already started swimming around sensing blood in the water, once Gary Gensler comes in, based on his previous behavior of effectively curb-stomping illegal actors into submission, I can see him litigating Citadel and co (if they are guilty) out of existence and forcing them to close like he did last time as the Future's chairman. + +\*Recap for Apes\* + +So let us recap, swaps and dark pools were used in 2008 to insure against the financial collapse created by the greed of financial institutions. The reason why we haven't had an exact repeat of 2008 is because of the Dodd-Frank Act; and the enforcer that took out Wall Street Gary Gensler is going to be running the SEC during meme stock chaos; which means the shorts lose their friends in high places that haven't been enforcing the rules. + +From here on we shall take a deep dive into how dark pools work, then talk about the hypothetical legal implications of shorter being caught with illegal naked shorts in dark pools; so, let us begin. + +\---DARK POOL SECTION FOR APES--- + +Dark Pools for the layman are exchanges off of exchanges. A growing problem that brokers and retail investors noticed is that if a lot of small-scale orders are going through a relatively large and complicated fee system, for instance with the NYSE ([https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE\_Price\_List.pdf](https://www.nyse.com/publicdocs/nyse/markets/nyse/NYSE_Price_List.pdf) ). + +Both retail and broker-dealers have issues with this due to a convoluted pricing model; if a certain threshold of clients is reached, internal off-exchange trades can begin—this is the basis for a dark pool. Morgan Stanley ([https://www.morganstanley.com/disclosures/morgan-stanley-dark-pools](https://www.morganstanley.com/disclosures/morgan-stanley-dark-pools) ), Goldman Sachs ([https://www.thetradenews.com/guide/goldman-sachs-sigma-x/](https://www.thetradenews.com/guide/goldman-sachs-sigma-x/) ) and of course Citadel ([https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327](https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327) , closed in 2015 after harsher reporting requirements, go figure), all have dark pools. + +This creates a buffer of exchanges, as shares circulating in dark pools can fulfill buy and sell orders to 100% outside of the exchange during normal trading activity. + +However, any buffer can be used as an amplifier. As such if a hedge fund wants to make a quick profit by shorting a stock, they lend as many shares as possible; dump them on an exchange and watch as the retail investor tries to “cut their losses''; while spreading FUD by calling in the media, till even the least sophisticated investor sells. As volatility spikes, smart money comes in and the shorts are covered in a dark pool. This allows you to buy shares on a downward momentum, influencing the price immediately on the open exchange. The reverse works for long positions as well, if you would like to dump it at a profit, just sell it off in a dark pool. Cramer admitted to part of the process in an interview ([https://www.youtube.com/watch?v=jIfixbq\_u0Q](https://www.youtube.com/watch?v=jIfixbq_u0Q)), on the dark pools, while not mentioned, it is certainly part of the process. + +An illustrate how this might work in an example: + +Company A wants to acquire company B ASAP by buying up let's say 30% of shares of company B. Company A, therefore, goes to market maker M to buy shares for them. M then proceeds to start buying shares on the exchange to drive the price up a bit. + +Meanwhile, they try to buy up as many shares from the dark pools as possible, to not drive the price up on the open exchange. The price on the exchange usually reflects in the dark pools, but not vice versa (because people look at the exchange prices, shortages in dark pools only show after a slight delay). + +If you were to say that a purchase of 5% of the float would drive up the price of shares from B up by 5%, that would mean that after the buy the price would be 30% higher with around 15% higher than the start price average. + +That is if people were not to start day trading the shares, which probably will happen. + +However: if you were to do the same thing with dark pools you suddenly see that while the price on the exchange goes up, M is suddenly able to buy shares from places that do not influence the share price. + +Again, a 5% purchase on the open market equals a 5% price increase. If 10% can be covered over the dark pools, only 20% affects share price, leaving us with an average of about 10% higher than starting price. + +This is 5% that was "saved" for M and A. M obviously wants a small fee for the service totaling 2%, which leaves A with around 3% saved. + +That 5% came from the retail investor that was not aware of the movements in the dark pools. It costs the retail investor money. It robs you of your 30% gain in that scenario and gives you 20% instead. It costs you. + +Remember Crammer stated sentiment is key in pulling the stunt off: ([https://www.youtube.com/watch?v=r07Gg92YjOI](https://www.youtube.com/watch?v=r07Gg92YjOI) )? It would be exponentially by simply getting the order flow, as such sentiment can be deduced without any bias. This allows the fund to take opposites of trades by going short negating buying pressure, either in dark pools or exchanges, as well as directing how the orders get executed. This possible order execution delay has been brought up in Congress ([https://youtu.be/RNgzOr-m6ok?t=89](https://youtu.be/RNgzOr-m6ok?t=89) ). This amounts to a hedge fund/ moneymaker being able to make a small money printer for themselves (Citadel), which we can confidently speculate exits. Furthermore, if Citadel doesn’t like your decision to buy, they can simply take the other side of the trade giving you a shorted share. + +This is where Citadel and CFD trading comes in: + +Using dark pools, Citadel as a market maker could in theory capitalize on such scenarios massively; furthermore, until 2015 they ran their own dark pool, called Apogee ([https://www.iotafinance.com/en/Detail-view-MIC-code-CDED.html](https://www.iotafinance.com/en/Detail-view-MIC-code-CDED.html) ) which was decommissioned in 2015 possibly due to increased reporting/transparency requirements ([https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327](https://www.reuters.com/article/us-citadel-darkpool-idUSKBN0MN22Q20150327) ). + +By operating Apogee, however, Citadel as a market maker was able to capitalize on such scenarios massively. Since then, Citadel switched to Citadel Connect, which does not qualify as an alternative trading system requiring no reporting. + +The best-case scenario for Citadel, if they wanted to short a stock would be to not have shares involved at all or making a contract for difference with you; this means you make an agreement with Citadel to get the current share price at any time you like from them, without ever having to buy or sell the shares. This kind of trading is heavily regulated, however, thus not common. However, they have engaged in similar tactics: naked shorting. + +Under Reg SHO 203 b 2 iii ([https://www.law.cornell.edu/cfr/text/17/242.203](https://www.law.cornell.edu/cfr/text/17/242.203) ) market makers are allowed to short a security under a bona fide agreement, meaning without ill intent. As such, to naked short a stock, good faith is pretended to be in effect, from there they buy naked calls from another party they control (Citadel LLC in this case). From here, the equivalent amount of shares are lent out to either "Citadel LLC" or any other party, which are then dumped on the open market. After 3 days, since the “shares” never existed on the open exchange, becoming FTD’s. As FTD status is reached, they simply go to a shell company or “Robinhood” and write ITM call options, exercise them, replacing FTD-IOUs with the ones from the shell. As these reach FTD, the reverse happens, as Citadel IOUs replace ones from their shell. Repeat to infinity and a stock price can be crashed by printing shares faster than the Feds print money (these shares will quickly add up dark pools though and need to be cleared). As institutions bailout, only retail would remain, if retail has no strategy on the security, a run by retail to get rid of the bag happens. + +Now what I've said may sound despairing and should get you angry, however, I believe this cycle has almost been crushed, due to apes buying and holding. Allow me to present to you this diagram (the link below contains a flow chart of how dark pools operate within the market): + +[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-darkpool-methods.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-darkpool-methods.html) + +As shown, they can use synthetic share production mechanisms, blatantly creating synthetic shares in a dark pool as a market maker (citadel runs it), making phantom shares using calls, Failure to Delivers, explicit naked shorting (creating IOU's), etc. (there are tons of illegal production mechanisms, most of which we're covered in my old DD's and a quick recap example above. Once they have determined which method they'll use, they target the security, and the flowchart begins. If they use the dark pools, they can theoretically create an infinite number of synthetic shares (they'd have to buy infinite real shares to buy though to cover though if they are a) caught with synthetics or b) get margin called). + +Apes for the last months have been buying up all synthetics and creating price floors as you've seen, a hedge fund at this point has 2 choices; cover all the shares (the smart choice), or digging themselves in the hole deeper hoping you will sell creating FUD (Reddit/discord infiltration will tell you when their getting desperate); so they can finally cover, as such if investors keep buying and holding, either more rocket fuel gets added to the rocket or they cover; either-or, doesn't matter what anybody else says. + +Lastly here's a list of dark pools that I found that have existed in "the state of play", back in 2014, I apologize I couldn't find any more recent data: + +[https://link.springer.com/content/pdf/bbm%3A978-1-137-44957-3%2F1.pdf](https://link.springer.com/content/pdf/bbm%3A978-1-137-44957-3%2F1.pdf) ; (FYI Goldman Sachs has one, and they just got margin called for context: [https://www.youtube.com/watch?v=mP4yaoQll7I](https://www.youtube.com/watch?v=mP4yaoQll7I) (if your r/wsb YouTube links aren't allowed for sources sorry) due to Bill Hwang) + +\*Recap for Apes\* + +Now let’s recap, the SEC chairman Gary Gensler is well versed in bringing swaps out of dark pools which caused the last crash and is coming in during the point of the SEC during a speculative short squeeze that will top all other short squeezes in human history (in my speculative opinion), This may cause the greatest wealth transfer in history. + +The elites from any society would not like this as it would mean, their status would be tarnished; as such they will resort to any amount of financial war crimes to try to make sure that doesn't happen. However, during the last financial war (2008), Gary Gensler came in and enforced the rules congress passed, this time he's coming in again. I believe he will enforce the rules and bring justice to these financial war crimes again as shown by his record; as such before that happens you will see FUD intensifying (which is already happening, expect more of this); as such if you've been in the game this long, you should know the drill by now. + +\---LEGALITIES FOR APES--- + +Let’s talk legal; if Citadel as a market maker is using order flow, dark pools, and synthetic shares to balloon to the height of being too big to fail, they violate a half dozen federal laws and policies, targeting you the consumer. Let’s go over them (I'm a physicist by training, not a legal expert so I'll link the laws and tell you guys my speculation and let legal experts handle it): + +Sources for these laws are coded in this link (I apologize there's a 40k reddit field limit): + +[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-legal-sources-for-apes.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-legal-sources-for-apes.html) + +As stated above, I am no legal expert; however, I will tell you of my understanding of them based on the sources I have read, any legal expert reading this is; feel free to correct me and post them in the comment section below (I want a specific rebuttal based on the legal text though, your co-operation is appreciated). + +If a market maker like Citadel, or any other firm that has shorted meme stocks, uses dark pools, collusion, and synthetic shares to try and dupe retail investors that simply "like the stock" and are buying and holding, by my understanding they violate: + +i) Anti-collusion and market manipulation laws: By working together with other institutions they are colluding and manipulating the price, that simple. + +ii) Naked shorting: Borrowing a security that doesn't exist to shorting is straight-up illegal, and if you are caught using naked shorts the fines can range from $5,128 - $14,887 (USD) per naked short (sources are given in the naked shorting section). + +iii) Synthetic share creation: This in my opinion would qualify as a naked short and market manipulation; as not only are you shorting a share that doesn't exist, you are manipulating the market so the price goes down by diluting supply, which also illegal. + +iv) SHO rule violations: From the SEC: Regulation SHO requires broker-dealers to identify a source of borrowable stock before executing a short sale in any equity security to reduce the number of situations where stock is unavailable for settlement ([https://www.sec.gov/investor/pubs/regsho.htm#:\~:text=Regulation%20SHO%20requires%20broker%2Ddealers,stock%20is%20unavailable%20for%20settlement](https://www.sec.gov/investor/pubs/regsho.htm#:~:text=Regulation%20SHO%20requires%20broker%2Ddealers,stock%20is%20unavailable%20for%20settlement) ) ; as such if a broker-dealer cannot identify the source of a stock, before a short sale, it’s illegal. + +v) Dodd-Frank Act violations: If Hedge funds are found colluding with each other to rig the market using short shares to become too big to fail, that violates the Dodd-Frank Act as it is explicitly designed to stop according to you guess it Gary Gensler the new incoming SEC chairman. + +vi) Insider Trading Laws: Trading based on non-public information; in my opinion, this is blatantly illegal as such the debate is black and white; thus illegal. + +vii) Order flow payment: The SEC and Congress are currently debating whether order flow payment is legal in the first place; we shall see what conclusion they come to. + +This is all I've found so far, but if you find any more illegalities please go ahead and comment down below. + +Wrapping up these financial war crimes (their war crimes, because they are explicitly designed to hurt the innocent; retail investors). If Citadel is using synthetic shares to make itself too big to fail hypothetically it would break anti-collusion laws, the Dodd-Frank Act, prohibition against naked shorting, SHO rules, prohibition of Market manipulation, insider trading, etc. (lawyers have at it); as such, if they are caught, would be facing legal and financial extinction (of course this is just speculation by a dude on the internet, confirm it for yourself; if this is true however and can be proven in court, I believe it can be constituted as a financial war crime and should be dealt with accordingly). Furthermore, if you have insider information proving this, you by the Dodd-Frank Act's whistleblower program are entitled to up to 30% of the settlement amount, so happy hunting apes. + +If you are reading this on r/wallstreetbets (if this gets on there) this is as far as I can go without it violating the new rules, due to the subreddit’s size; as such, I thank you for reading my work, + +List of additional sources: + +[https://ddextension68.blogspot.com/2021/04/dance-of-darkness-additional-sources.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-additional-sources.html) + +Thanks for your attention, and I hope you have a wonderful day; none of this was financial advice, and purely opinion based on the sources given for entertainment purposes. Lastly, I am not a cat, and like the stock. + +If you are still here, this is for subreddits other than r/wsb. We shall begin the meme stonk section for both GME and AMC; let’s dive in: + +\---MEME STONK SECTION--- + +I apologize this isn’t on reddit, however it has an absurd 40kb strict limit: as such I have coded back up links: [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-meme-stonk-section.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-meme-stonk-section.html) . + +Within this link you shall find the full extent of the darkpool arguments and memestonks, as well as evidence of 4.6 billion, and 630 million synthetic shares of GME and AMC circulating in darkpools, while entertaining the idea that this is simply just 1 darkpool, using empirical evidence to show it is not the only one; I hope you enjoy it (This is also my first time modularly coding together blog pieces, so feedback would be appreciated)([https://www.reddit.com/r/amcstock/comments/mbuti6/another\_sighting\_of\_that\_possible\_4\_billion\_share/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/amcstock/comments/mbuti6/another_sighting_of_that_possible_4_billion_share/?utm_medium=android_app&utm_source=share) , [https://www.reddit.com/r/GME/comments/mcpyid/after\_exposing\_the\_525\_million\_shares\_in\_the\_otc/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/GME/comments/mcpyid/after_exposing_the_525_million_shares_in_the_otc/?utm_medium=android_app&utm_source=share) ). + +Going forward this will be a 3 part series for AMC, and 2 part series for GME; you beautiful apes have held so far despite all this and you my friends have nothing but my highest respects, I believe your efforts will be rewarded with Martian tendies sooner rather than later. + +Quickly touching on the next piece FUD: the desperation of shorts, will consist of me addressing "mUh gOvErNmEnT wIlL iNtErVeNe aT 500 #trustmysourcesbro", share dilution (in my opinion will not happen, it's a ploy to get the share recounts), the squeeze not happening (total FUD cause math). As DFV said, hang in there, helps on the way. + +Recap apes; firstly the crucial point is they most likely owe more than 10x float on AMC, and 13x float on GME hence they're desperate, they are resorting to financial war crimes breaking a dozen laws trying to prevent you from picking up your tendie orders, this happened in 2008 and in case anything drastic happens, memestonks are your insurance and you will more than likely have your insurance policy be exercised, all the mathematical indicators for a squeeze are there, now it's just a when, dark pools are designed to hide the truth and hide intent, and because of those synthetic shares in these pools, they are most likely panicking; lastly when this squeezes, you holds you apes hold all the cards, and you, not the institutions, you determine how this timeline and the future plays out. + +\---HIGH LEVEL SUMMARY--- + +A lot has been covered, let’s summarize. This is a repeat of 2008, but this time we hold the insurance policies, in case this moons. The similarities are quite startling, from the SEC chairman Gary Gensler coming to bust this down, them using dark pools to screw the average person out of tendies, committing financial war crimes in broad daylight to shake apes. Furthermore, the dark pools explicitly showing both meme stocks have been naked shorted by at least 10x, this squeeze is mathematically confirmed, and we are looking at a fallout, how big the fallout will be depends on how big the hole they dug themselves with these dark pools; but in any case, apes hold the insurance policies so I believe we should be chilling, and if we continue to buy and hold we are simply buying more insurance for stonks we like. As such to sum it up in one sentence, their hiding in dark pools, Gary Gensler is starting the hunt and we have the insurance policies. + +\---What you can look forward to in this series-- + +As stated above, this series will diverge into 2 hyper focused parts; one GME focused, another one AMC focused. The AMC series will be: + +i) Dance of Darkness: The SEC and Dark Pools + +ii) FUD: the desperation of shorts + +iii) AMC the climb to 10k and battle of 12008.01 + +GME: + +i) Dance of Darkness: The SEC and Dark Pools. + +ii) GME, the journey too Olympus Mons. + +\---TLDR--- + +They’re hiding in dark pools and using ETFs, naked shorting and synthetic shorting to manipulate the market hoping people will sell so they can exit the feedback loop as illustrated; there are most likely multiple dark pools with synthetic shares hence their desperation (+ their overleveraged). These memestocks have become swaps (CDS's: Credit Default Swaps), and those who hold them hold insurance against any financial disturbance. The longer this manipulation continues, the larger the correction will most likely be. + +Lastly, I’d like to offer you two links, that I had to develop due to reddit’s archaic code (best crowd communication technology we have so far though): + +i) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html) + +ii) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html) + +In those links, you will find the unaltered cuts of this DD, the first one is edited; however, the Snyder Cut is as raw as it gets. I hope you enjoy them + +\---Final Commentary and Thanks--- + +Thank you for sticking with me and going through this rather long article, the reason why I keep this article long and extensive is because I believe in transparency and integrity. I believe all data should be put on the table, for the reader to determine what they should make of it. I don’t believe in hiding data and guiding people, I believe the average retail person is best suited in making choices that affect their future, as such the data should be transparent and visible. Moving forward, these articles will remain extensive and mathematical in nature; to bring transparency and integrity to the marketplace. Furthermore, I understand there is a lot of FUD floating around on meme stocks, these articles serve as papers that bring transparency, as they are designed to investigate memestonks. + +I understand there’s a lot of FUD going around, as such I usually don’t ask much other than a request that you give me feedback and try to break my thesis in the comment section below; however, this time I will ask you to share this on your favorite social media (mine is stockwits) using #DanceofDarkness. I believe a lot of people will benefit from market integrity and transparency so thank you in advance for sharing this. I hope it helps a lot of apes; and as DFV, during congressional testimony, alluded to Hang in there. + +&#x200B; + +Here's a quick quote to encapsulate the entire article in my opinion: "You will never do anything in this world without courage. It is the greatest quality of the mind next to honor"—Aristotle. + +Finally, to reiterate here's a quick hashtag you may use if you feel like using social media to make this article spread fast: #DanceofDarkness; and the original cuts are as follows: + +i) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-thesec-and-dark-pools.html) + +ii) [https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html](https://ddextension68.blogspot.com/2021/04/dance-of-darkness-sec-and-darkpools.html) + +Legal Disclaimer: None of this was or is financial advice, this is purely speculative opinion based on the sources as presented in this article—as such, it should be both viewed as and taken for entertainment purposes (i.e. the entertainment of ideas). Lastly, I am not a cat, and I like the stock. Thank you for your time. +Am I the only one watching their portfolio skyrocket, and holding cash waiting for a steep market correction that will allow me to purchase more shares at a discount? Every time I log on and see the green I kick myself for not putting in the money earlier, but I have a feeling it'll bite me if I invest now. Anyone else have similar thoughts or any other views on this? + + +**TLDR: The gamma spike is BAAAACCCKKKK!!!!!! Today we blew past the delta neutral AND the gamma maximum point. I'll be honest that I don't think I've ever seen that before!** + +**Although I can't predict the future, I can use the gamma spikes to tell us if the gamma squeeze is continuing, or if we've peaked/another type of squeeze will be taking over.** + +[I made a post yesterday giving a boring update that the Delta Neutral was $164 and the Gamma Maximum was $190](https://www.reddit.com/r/Superstonk/comments/paatj3/dn_update_164_floor_or_ceiling/?utm_medium=android_app&utm_source=share) + +First, I'll show in a log-based 10 scale so you can see these beautiful, glorious gamma spikes in all their glory. For anyone new, I'll add definitions/context later on. + +&#x200B; + +[ GME 1\/4\/2021 - 8\/24\/2021 Log based 10 ](https://preview.redd.it/vw0xy6du8fj71.png?width=910&format=png&auto=webp&s=3933e32cffa9140c2c3c23a268bb84a89881a946) + + Now here's a close up view: + +&#x200B; + +[ GME 1\/4\/2021 - 8\/24\/2021 ](https://preview.redd.it/fgddnyjw8fj71.png?width=910&format=png&auto=webp&s=c54db83654ac97a1529dca5d2cb6eb364d6dd87d) + + + +ok, so a few very important points to make about the Gamma Neutral spikes: + +* They are generally reactive, and not very predictive. They indicate an imbalance in the options market. +* They CAN be used to help judge what's happening in a gamma squeeze. +* For example, the January/March squeeze has spikes every day that were generally INCREASING. +* However, the June spikes were kind of one-hit-wonders, and probably not truly a gamma squeeze all the way up to $300. +* As far as I can tell, the height of the spikes don't determine the height of a gamma squeeze. I only like to look for spikes that are relatively increasing compared to prior days. + +For educational purposes, I'll show you the A&M&C log-based 10 chart, which I think has important lessons from their May/June squeeze: + +&#x200B; + +[ A&M&C 1\/4\/2021 - 8\/24\/2021 - Log based 10 view ](https://preview.redd.it/efk9yn1z8fj71.png?width=910&format=png&auto=webp&s=30571e4409b64238803f7261bde0a9134f29a307) + + + +* As you can see, the A&M&C squeeze started in late May, and their gamma spikes were continuous and generally increased through their big run +* When the gamma spike stopped near the top, it was generally a sign that the squeeze was over. +* Similar things happened with the GME January surge and the A&M&C surge. + +*Important caveat - this is just for gamma squeezes. This is not for short-squeezes or FTD squeezes. Other squeezes could take over, but this post is just to monitor the potential gamma squeeze.* + +What does this mean for the future? It's hard to say. I think tomorrow will be very telling if this was a one-hit-wonder, or if we're in a true gamma squeeze (continue to increase dramatically). + +This is exciting stuff, and I will continue to monitor closely!!! + +Now some copy/paste for anyone new to my posts, and who need a bit of context. + +**Recap** + +Here's a quick recap of my recent posts: + +[On 7/13, I called out that we were about to hit the DN, and it will probably mean we'll bounce off it, like we have in the past.](https://www.reddit.com/r/Superstonk/comments/ojevhv/knock_knock_knockin_on_delta_neutrals_door/) + +[But we didn't bounce off it, instead we sunk underneath it for the first time since February. I gave an overview of life under the DN.](https://www.reddit.com/r/Superstonk/comments/ok4chd/special_edition_down_under_the_delta_neutral/) + +[On 7/20, it looked like we would blow past the DN, and I warned that sometimes stocks bounce off it like a ceiling a couple times before going over.](https://www.reddit.com/r/Superstonk/comments/oo5c7t/delta_neutral_update_coming_up_for_air/) + +[Then we blew past the DN, and was hopeful we escaped the DN and wouldn't bounce around it for awhile.](https://www.reddit.com/r/Superstonk/comments/ooc25b/delta_neutral_update_blowing_past_the_dn/) + +[I was wrong again, it sunk back down, and started bouncing around underneath the DN for awhile](https://www.reddit.com/r/Superstonk/comments/otdc8g/update_bouncing_beneath_the_dn/) + +[I was dreading posting the bearish pattern GME was showing while bouncing under the DN, but figured it wasn't ethical to only post when I had good things to say.](https://www.reddit.com/r/Superstonk/comments/p1twk8/dn_update_we_need_volume/) + +[I wrote another post of the influence the bearish options market was having on the underlying stock.](https://www.reddit.com/r/Superstonk/comments/p725f4/dn_update_fighting_a_bearish_options_market/) + +[Yesterday, I posted a quick update about the DN at $164 and the GM at $190](https://www.reddit.com/r/Superstonk/comments/paatj3/dn_update_164_floor_or_ceiling/) + +[Got So excited we were blowing past the DN/GM that I had to post a quick update!](https://www.reddit.com/r/Superstonk/comments/pasn91/190_maximum_gme_gamma_point/) + +**Overview** + +In general, all stock indicators boil down to two things - reversion to the mean and momentum. Every trader wants to accurately predict these two forces better than other guy, and if you use different indicators than the other guy, that an give you an 'alpha' in trading if it's a better predictor. + +I make a lot of different indicators, but the two primary ones are the Delta Neutral and Gamma Neutral/Maximum: + +* Delta Neutral (DN) - This helps identify **reversion to the mean**, and represents the underlying price that would create a total market delta of 0 across all GME options (all expiration dates) for a given date. In general, it acts like a floor to the underlying price, but if the price drops below the delta neutral, then it tends to shoot back up above that line. + + * This is generally how I trade my model. I watch for stocks that drop below the DN, and buy them, expecting for traders to identify that the stock is underpriced and will revert back to a higher level. +* Gamma Neutral (GN) and Gamma Maximum (GM) - This helps identify **momentum. The GN** represents the underlying price that would create a total market gamma of 0 across all GME options (all expiration dates) for a given date, whereas the GM represents the underlying price that would create the maximum gamma across the market. + + * In general, a sudden increase in gamma indicates a sharp upward in momentum that continues until that gamma drops. + * The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +This is my own personal 'alpha' that I developed for my own trading purposes, and am sharing with this community because it's given me back so much. This is not financial advice. I'm just a mathematician that likes to play with options data, and I am not a professional trader. + +There's a detailed methodology and assumptions section at the bottom if you want to know more. + +***Methodology and Assumptions*** + +**Delta Neutral** + +The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +Notes below for general options on how the delta neutral interacts with the underlying price: + +* There is a large influx of call option purchases, because: + + * The call prices get less expensive as the underlying price approaches the delta neutral + * Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways. +* With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory. + + * Important note that hedgies often hedge with derivatives instead of buying stocks, so there isn't a 1-to-1 relationship between the delta and shares bought/sold by hedge funds. +* Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released. + + * Note this is the primary way that I trade my model. I made a scanner that looks for equities that fall below the delta neutral. + +**Gamma Neutral** + +The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +General notes below for observations on how this indicator behaves: + +* It acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most symbols (like we have seen with GME since April). +* It also goes crazy in periods of high volatility, as you can see by the very higher spikes. +* A gamma spike indicates the presence of POTENTAILLY slippery option market conditions, which COULD lead to a gamma squeeze. There were certainly spikes present back in January, but we had a few one-day false starts this last month. +* They are often triggered by high price movement in a day, which can lead to continue high growth if underlying volume supports it. +* Gamma spikes can also be triggered by unusual options purchases during the day. These are the one ones to find, because you can often catch the high increase waves before they actually start. +* If I'm trading this indicator, I often either wait for a gamma spike to continue for 2 days in a row and supported by increased volume. Otherwise, I invest straight away if I find a gamma spike just based on options movement (i.e. no significant underlying increase yet). + +I write my own algorithms to produce the results above. The following lists some key methodology and assumptions I use: + +* I rely on daily options and stock summaries produced by [www.historicaloptionsdata.com](http://www.historicaloptionsdata.com/) +* For the Implied Volatility (IV), I use the following method: + + * Calculate the raw IV of the mid-point between bid/ask price at close. + * Calculate a “blend” IV, which represents the IV where the call/put parity holds, i.e. where call delta – put delta = 1, using the same IV. + * Smooth the mid-point call/put and blend IV using a gaussian smoothing algorithm with a 20-strike window. + * Apply the smoothed call/put relativities to the smoothed blended IV curve + * Fill any missing values with a linear interpolation of the neighboring strikes. +* Using the final call/put IV estimates described above, I calculate my own Greeks. I like this source if you're interested in the formulas: [https://www.macroption.com/option-greeks-excel](https://www.macroption.com/option-greeks-excel) +* For the total market delta and total market gamma, I rely on the OI x delta and OI x gamma for each strike price. + + * Note that the delta of a call is usually equal to (1 - put delta), so not adjustment is needed to the delta signs when calculating the total market delta. + * However, the call/put gammas are both positive based on the B-S calculation. If you're calculating the total gamma for a portfolio, or the total market, you have to add the call gamma and subtract the put gamma. +* To estimate the delta neutral and the gamma neutral, I have an algorithm that relies on the optimization toolbox in Matlab to identify an underlying price that achieve a total market delta and a total market gamma. +* Note that the IV would change with higher/lower prices for the delta/gamma neutral and the sensitivity tests, but the impact is not significant enough to make a meaningful difference and takes significant processing time to apply the IV curves. However, it is an important simplifying assumption to be aware of. +* Open Interest (OI) is always lagged one day for options summaries. The OCC releases final open interest on a given day, and it represents the OI for the close of the prior day. Therefore, the OI I get in my summaries on 6/28 does not represent the OI as of close on 6/28. It represents the OI as of close on 6/25. If you see a source like Yahoo give live OI throughout the day, they are only estimates, and their algorithm methodology for estimating the OI based on various price/volume movement is a closely guarded secret. Using the prior day OI is currently a limitation of the data available to me. + +*Disclaimer: I'm just a mathematician that likes to play with options data and builds models to trade for a hobby. I have no experience trading professionally or offering any advice to anyone. This is just one indicator for one type of price movement, and there are many other indicators that can help you make investment decisions.* +https://preview.redd.it/p3yfpss97t171.png?width=1600&format=png&auto=webp&s=825ffd179bc212c737f844969d365702c1f58530 + +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/68e62rxa7t171.png?width=680&format=png&auto=webp&s=8cd05d5b888f0e83fb63311336b019f1f35a1187 + +Let's start with the basics once more! + +https://reddit.com/link/nmsqhr/video/mcpqcoid7t171/player + +Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in. + +Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented. + +Like the NFT is set to launch around the 14th, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions. + +([some 6/9 reading right here quoting Queen kong Dr T](https://www.reddit.com/r/Superstonk/comments/nm9kuc/getting_your_hopes_up_on_the_69_vote_is_fud/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)) + +&#x200B; + +https://preview.redd.it/754fz228ct171.png?width=500&format=png&auto=webp&s=e9a25097bb62cc42c950fef6bb8d50e8fccfe343 + +Rip Harambe + +Today marks the 5th anniversary of our OG King. + +Let's all take a second of silence and pay our respects for Harambe, Never to be forgotten. + +Ook ook oook! + +&#x200B; + +https://preview.redd.it/o1vo7pd0gt171.png?width=960&format=png&auto=webp&s=4500fae62893c1f614c5dd02aa8a3af0bdefb7a2 + +# The 411 on AMC + +Now there has been some discussion going on here over the past few days, and the mod team and others have noticed something, a metric fuckton of shills. + +To be clear on the AMC situation I need everyone to be clear on a few aspects. (which I will go into a little detail below) + +&#x200B; + +* there are genuine apes who hold AMC +* Amc has been seen as a distraction +* There is a theory that Adam Aron is a plant +* People who are trying to divide apes + +# There are genuine apes who hold AMC + +Remember we have been seeing the same behavior happening with GME BB NOK AMC and other very heavily shorted stocks, as a lot of people joined in the long long ago of January we have seen apes buy more than just GME. So keep in mind there are people here who own AMC and they are genuine, and we should be happy for them + +# Amc has been seen as a distraction + +Due to the nature of Citadel filings ([found here](https://www.reddit.com/r/Superstonk/comments/nmd04p/according_to_fintel_citadel_increased_their_long/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)) they have increased their long position on AMC to 163%, meaning they could be using the AMC squeeze the stave off a margin call, as we have theorised for months now they would pump another stock as a distraction (just like we have seen happen with certain crypto like CXC) in the hopes that the apes would FOMO into the other stock. + +Little did they know that we already figured this strategy out since February, and it's ok, just imagine if the AMC apes took their AMC squeeze tendies and put them in GME, that's the point that SHF's forget, we can keep retarded longer than they can remain solvent. + +# There is a theory that Adam Aron is a plant + +Now there has been a theory floating around that AA may be a plant by SHF just like Jim Bell(end) was for GME, this in and of itself is not a weird theory as if you look into things like this is it's not out of the ordinary for things like this to happen. + +Because if this is true (and lets for a second hypothesize that it is) if you were to make billions or go tits up, would you instal someone in the company you want to do this with to make sure this happens? because I would, now is there also a case to be made for AA just being... well AA and nothing more?Yes! both options are possible as of right now as we have not found exclusive evidence of either, meaning we can't rule out either. + +[link going into that a bit here](https://www.reddit.com/r/Superstonk/comments/nmnfby/apes_under_attack_how_hedge_funds_and_banks_are/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# People who are trying to divide apes + +This one is the easiest, I've been posting since January that people should be Excellent to each other, and for the most part people have listened, for which we (the mods and fellow apes) are extremely thankful for because if we just were dicks to one and other this would've ended a long time ago. + +We have now cultivated a culture of extreme helpfulness, kindness and generosity, this is our biggest strength because due to that we have formed a community which helps one and other in such an effective way that shills usually have zero ammo to fight with. + +Now if you look at this culture, this sub, and apes on other subs, the culture remains fairly much the same. + +Now AMC had a spike yesterday, and suddenly OUT OF FUCKING NOWHERE, apes start "fighting" but when you look into them they're either fairly new accounts, or all they're doing is trolling across all kinds of subs, so what does that tell you? for me it's easy, that's a shill + +So just don't engage, if a person is "fighting" with you verbally and you just don't respond there is no problem because it takes two to fight, just ignore the shills who want to fight, be nice and done + +&#x200B; + +([some reading regarding AMC](https://www.reddit.com/r/Superstonk/comments/nmhm1s/amcs_spike_today_and_what_it_means_for_gme_hfs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) pump possible) + +Just remember MSM has never been on our side this entire time, we have not trusted them for the longest time because they inaccurately reported everything, don't start trusting their bs now, even if it feeds your confirmation Bias. (this includes Jimmy Cramer suddenly saying "YeAh Im On YoUr Side NoW" piss off Jimmy + +[be like water, and chill](https://preview.redd.it/z15owkhset171.jpg?width=960&format=pjpg&auto=webp&s=c6530f6415af48014682b556c506dfdece83009d) + +# Reverse repo now reaches $485 Billion + +Just eum... gonna leave this here as this is an all time high... + +[https://www.ft.com/content/cdec7f2e-6129-412c-b118-8906a2a0f92f](https://www.ft.com/content/cdec7f2e-6129-412c-b118-8906a2a0f92f) + +&#x200B; + +https://preview.redd.it/a28vz7b0ft171.png?width=1080&format=png&auto=webp&s=15ab8f862d3fc4a88df0cb8dcf6a8ae84a17e3f1 + +Just... totally normal to see this.... 👀.... + +&#x200B; + +https://preview.redd.it/5ha2ja4oft171.png?width=960&format=png&auto=webp&s=3f619b78c45d20ff8af2333ab11b5abe456d29f4 + +[WTF DID HE JUST SAY? (VIDEO)](https://www.reddit.com/r/Superstonk/comments/nmiygi/unmitigated_disasterdamage_united_states_for/?utm_medium=android_app&utm_source=share) + +Did this dude just say **the treasuries are close to defaulting** ????? + +Wasn't this... like HOC1's thesis?\*looks at repo... \*looks at videofuuuuck + +https://preview.redd.it/gm6pn6al9t171.png?width=960&format=png&auto=webp&s=5d474983a3ad00bceee6a708424b4f066ed8cc62 + +# SR-OCC-2021-003 approved - That one was needed for SR-OCC-2021-801 + +[https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf](https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf) + +thanks to u/C3ll3 their thread [here](https://www.reddit.com/r/Superstonk/comments/nmjbov/srocc2021003_approved_that_one_was_needed_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**SR-OCC-2021-003: Increase Persistent Minimum Skin-In-The-Game / Waterfall**\*The "You Market Makers are gonna give us more money now in case you fuck up with options later and owe someone more than you have" Rule.\*This is the rule associated with the SR-OCC-2021-801 advanced notice, and SIG filed an opposition during the review period delaying the implementation.Filed 2021-02-24Effective 2021-05-31 (expected no later than 05-31, unless further opposition is filed) + +\*This paragraph is from u/nothingbuttherainsir [DD](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/) (very interesting please go give it a read). + +&#x200B; + +https://preview.redd.it/ma6vlwg8ht171.png?width=758&format=png&auto=webp&s=c1ca694e4945dedb6fb7e3c8e8a35423d88628de + +# To summarize: + +The stars are aligning but expect fuckery, if you see someone fighting someone else because they hold another stock let them be and ignore them (old 4chan saying "don't feed the trolls"), be kind, check your own bias and be excellent to everyone! + +Amc apes are still apes, all apes are friends, but remember this sub is GME focussed. + +&#x200B; + +https://preview.redd.it/izturryvht171.png?width=554&format=png&auto=webp&s=132d9b3cc33e59d2dff499d8b9f9362d5a2ccbfb + +# 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; + +&#x200B; + +https://preview.redd.it/gval82iyht171.png?width=400&format=png&auto=webp&s=2155b97e25c57656405e297dd6cd0387cb26b803 + +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; + +Also a side note, The NYSE will be closed on Monday the 31st for Memorial day. just so no one forgets ;) + +**~~Addendum:~~** ~~the stock market will also be closing earlier today, at 2 p.m.~~ + +I accidentally mixed up the NYSE and the BONDS market, my bad + Hаkunаmаtаtа is а rеcеnt tоkеn thаt just lаunchеd аnd its bееn pеrfоrming vеrу wеll еvеn in а mаrkеt thаt is vеrу bеаrish аnd hаs gоnе аs fаr аs tо еvеn ехcееd thе vеrу ехpеctаtiоns thе оwn cоrе tеаm оf thе prоjеct. Thе cоin hаs dоnе vеrу wеll аnd еvеn thоugh bеing аbоut 7 dауs оld thеn it wеnt tо bе оnе оf thе tоp trеnding cоins оn cоinmаrkеtcаp аnd wаs оnе оf thе biggеst gаinеrs аnd аlsо with this hаd bееn mоrе visitеd thаn mаnу cоins thаt аrе еstаblishеd with а hugе numbеr оf hоldеrs. + +This tоkеn hаs bееn dоing а lоt wеll mаinlу duе tо hоw wеll put tоgеthеr thе prоjеct is, thе dеvs hаd bееn dоххеd а lоt bеfоrе prеsаlе which prоvidеs а sеnsе оf sеcuritу fоr thе invеstоrs, 13% pаssivе incоmе in thе fоrm оf а split оf 6% rеdistributiоn аnd 7% frоm еаch trаnsаctiоn, chаritу bеing а fоcus fоr Hаkunа Mаtаt�� аnd thеm bеing cоntinuаllу аblе tо dоnаtе аnd sоlvе mаjоr prоblеms аrоund thе wоrld duе tо 1% frоm еаch trаnsаctiоn gоing tо thе chаritу wаllеt. + +аlsо thе tоkеnоmics аrе implеmеntеd in а wау thаt prеvеnt whаlе mаnipulаtiоn аnd swing trаdеrs. + +аlоng with whаt аll thе tоkеn currеntlу hаs it hаs sоmе big plаns cоming up such аs it will bе listеd оn sоmе ехchаngеs sооn, it hаs its mаrch cоming оut аnd whаt’s mоrе biggеr is thеir first оf its kind chаritаblе NFT plаtfоrm thаt thеу plаn tо lаunch lаtеr аnd it bеing first оf its kind is thаt it аllоws fоr аrtists аnd musiciаns оn thе plаtfоrm tо cоntributе аn аmоunt оf whаt thеу еаrn tо а chаritу оf thеir chоicе. + +Cоntrаct: 0x355389292d8c963719fdaf0651f7846d6c504448 + +Wеbsitе: \^\~hakunamatata.finance/ \~\^ + +Tеlеgrаm: telegram.me/tatatoken + +Twittеr: twitter.com/tatatoken +The previous price cap by Ofgem before today's announcement was set at £3500+ + + +This will stay fixed for 2 years until October 2024 but will be apparently reviewed every 3 months - it will go on top of the £400 one-off payment granted by the government. + + +if you have negotiated a fixed tariff within the last few months it might be worth re-reviewing it! + + +[https://www.bbc.com/news/business-62819846](https://www.bbc.com/news/business-62819846) +Good Day, Apes! + +I originally dropped my research into this a month ago, due to hitting a cold trail. However, in light of the many requests I have gotten from Apes to continue the research, as well as the resourceful leads I received from Apes, such as “throwawaylurker012” and “Wurmholz”, I decided to continue digging, and I have now collected enough evidence to produce this DD post. + +\---------------------------------------------------------------------------------------------------------------------------------------- + +BCG & Goldman Sachs Were (At Least) Partially Responsible for the Events Leading Up to the Default of Greece \[And Citadel Profited From It\]. + +§1: The History + +§2: The Connections + +§3: The Implications + +\---------------------------------------------------------------------------------------------------------------------------------------- + +**§1: The History** + +[It all started in 2001](https://www.cnbc.com/2015/06/24/greece-debt-crisis-timeline-it-all-started-in-2001.html#), 2 years after the European Union (EU) created the Euro. Only nations of the EU that had a debt-to-GDP at 60% or less could adopt the Euro. Greece, however, had a debt-to-GDP that exceeded the 60% acceptable limit; as such, they were not allowed to adopt the Euro. Adoption of the Euro came with many perks, among which included more trade, financing, leverage, and a stronger overall position internationally. This is why Greece desperately wanted to adopt the Euro, so much so that Goldman Sachs exploited their desperation with an inauspicious deal. + +https://preview.redd.it/besxqwve4gy81.png?width=1440&format=png&auto=webp&s=89cd3ce9bc5ba2f36b9c791b3a48f89e5af6892c + +Goldman Sachs helped Greece hide their debt via manipulation through currency swaps. This way, Greece could appear as if they held significantly less debt than they actually had, meeting the debt-to-GDP threshold allowing them to adopt the Euro. With the help of Goldman Sach's legerdemain, Greece was able to join the Eurozone in 2001. + +\[The Eurozone is a monetary union of member states of the EU that adopted the Euro (€) as their primary currency and sole legal tender.\] + +This is where the problems began for Greece. + +The debt-to GDP ratio continued to increase substantially, while Greece admitted in 2004 to exaggerating budget deficit figures. The situation, however, was still somewhat manageable, as there was steady economic growth as well as EU funding towards the deficit. This came undone with the Great Recession of 2008, where the Athens Stock Exchange crashed 65%, along with Greece's GDP tanking and borrowing rates skyrocketing. + +The Euro made things worse after the Great Recession. It prevented Greece from stabilizing, due to monetary policy. + +On April 27, 2010, [Standard & Poor's downgraded Greek credit rating to junk status](https://www.theguardian.com/business/2010/apr/27/greece-credit-rating-downgraded). + +With Greek bonds rated as junk bonds, the debt crisis became harder and harder to escape. Not only was Greece having a harder time securing money to pay off the debt, but their borrowing rates kept increasing, dragging them further into the hole. Economic rescue began soon after, with 2 bailouts from the Troika (a group formed by the International Monetary Fund, the European Commission, and the European Central Bank), which came in the form of €240 billion, major debt haircuts (reduction on the value of the debt), and austerity measures (i.e. spending cuts as well as substantial increase in taxes). + +In 2015, the citizens of Greece fought back from the austerity measures (of higher taxes, unemployment, and reduction in wages) by voting in the ΣΥΡΙΖΑ (syriza) anti-austerity party, which went against the austerity measures proposed by the Troika deal. This further increased the budget deficit, and on June 20, 2015, Greece officially defaulted on its debt (failing to pay $1.7 billion to the IMF), making Greece the first country to miss a payment to the IMF since Zimbabwe in 2001. + +The Athens Stock Exchange, consequently, was shut down on June 27, 2015. [Greek banks were also shut down to avoid a total collapse](https://money.cnn.com/2015/06/28/news/economy/greece-banks-ecb/). + +Ultimately, Greece received a [third bailout](https://www.theguardian.com/business/2015/aug/14/greece-edges-third-bailout-positive-signals-germany) on August, this time an €86 billion bailout from Eurogroup. Although Greece finished its bailout program, it still maintains an extremely high debt-to-GDP (approx. 193%, as of 2021 \[down from 206% in 2020\]), and millions of Greeks still suffer from the ramifications of the debt crisis. + +The austerity measures during the debt crisis led to unemployment reaching a height of 27.47% ([according to Statista](https://www.statista.com/statistics/263698/unemployment-rate-in-greece/)), and still reports an unemployment rate of 16.85%, as of 2020. + +According to Poverty Watch Greece, [nearly 1 out of 3 Greeks are at risk of poverty](https://www.eapn.eu/poverty-watch-greece-poverty-watches-overview-2021/#), as of 2021. + +Domestic businesses were also forced to [cut production as well as wages significantly](https://carnegieendowment.org/chinafinancialmarkets/86397), as a result of the debt crisis. With consumption and investments decreasing substantially in Greece, along with rising costs of production, many businesses went bankrupt, and the hedge funds that shorted said businesses profited greatly from it all. + +**§2: The Connections** + +In the case of Goldman Sachs, they made tons of money from Greece's default in a variety of ways. + +Firstly, they made money on the transactions with Greece to help hide its default via swaps. According to Armitage from "[The Independent](https://www.independent.co.uk/news/world/europe/greek-debt-crisis-goldman-sachs-could-be-sued-for-helping-country-hide-debts-when-it-joined-euro-10381926.html)", "Goldman Sachs is said to have made as much as $500 million from the transactions." + +But they made much more money on the sovereign credit default swaps against Greece. + +A sovereign credit default swap is a financial contract in which you pay a premium for insurance in the event of a nation's default. In layman's terms: country defaults ⇒ you get money. + +This is similar to a regular credit default swap on a company, where you make money when a company defaults on debt. Hedge funds/banks have a history of trading sovereign credit default swaps, and these swaps were abused so much on Greece that on November, 2012, the EU banned all naked sovereign credit default swaps ([as reported by Noked from the Harvard Law School Forum on Corporate Governance](https://corpgov.law.harvard.edu/2011/12/27/europe-restricts-naked-credit-default-swaps-and-short-sales/)). + +We should note that, unfortunately, this did not extend to all sovereign credit default swaps, only "naked" or uncovered sovereign credit default swaps. + +The Greek government openly accused U.S hedge funds and investment banks of attacking its country, for the sole purpose of profiting off of sovereign credit default swaps. Among those that attacked Greece, Goldman Sachs and billionaire hedge fund manager John Paulson were called out by the Greek government, reported by [Michel-François Clerin at Finyear](https://www.finyear.com/What-about-between-Greece-and-Goldman-Sachs_a13720.html). + +There's a good article from the New York Times, "[Banks Bet Greece Defaults on Debt They Helped Hide](https://www.nytimes.com/2010/02/25/business/global/25swaps.html)" that goes into more depth on how sinister this scheme really was. Not only did Goldman Sachs help put the Greek government into this financial dilemma, but they also bet that the government was going to default and made billions in doing so. In essence, they knew that Greece was going to get themselves into a bad financial situation by concealing their debt, and profited off Greece drowning itself in debt as well as the millions of Greeks that suffered as a result of it all. As the New York Times states, + +"These contracts, known as credit-default swaps, effectively let banks and hedge funds wager on the financial equivalent of a four-alarm fire: a default by a company or, in the case of Greece, an entire country. If Greece reneges on its debts, traders who own these swaps stand to profit. + +“**It’s like buying fire insurance on your neighbor’s house; you create an incentive to burn down the house,” said Philip Gisdakis, head of credit strategy at UniCredit in Munich.** + +As Greece’s financial condition has worsened, undermining the euro, the role of Goldman Sachs and other major banks in masking the true extent of the country’s problems has drawn criticism from European leaders." + +So, we understand how Goldman Sachs was involved, but how about BCG? BCG was actually involved and impacted Greece in a variety of ways. + +[BCG's Greece office was founded in 2001](https://www.bcg.com/greece/client-consulting-work), the same year that Greece began manipulating their balance sheets via swaps \[although, I should point out that according to legal forms provided by "[Kompass](https://gr.kompass.com/c/boston-consulting-group-bcg-hellas-s-a/gr0248103/)", they were established in Athens, Greece as early as 2000\]. And as soon as BCG joined affairs in Greece, they began influencing the decisions made by banks. + +The BCG HQ in Greece has a division specifically for wholesale banking (providing banking-related services to other banks, institutions, and government agencies). They actually have a page on their site that goes over their [wholesale banking services](https://www.bcg.com/industries/financial-institutions/wholesale-banking). + +You can find many of BCG's consultants in Greece left to get into positions with large Greek banks or in Greek government. Even the current Mayor of Athens worked at BCG. + +This is an important factor to note, as we already know Citadel has a history of using BCG to spy, infiltrate, and manipulate other entities from within for their own economic benefit. + +Example: + +[Incriminating article](https://amalakho.hosted.uark.edu/teaching/finn5333/links/II_CitadelGroup_Sep_2001.pdf) discovered by Ape "JustBeingPunny". + +https://preview.redd.it/g8t2757h4gy81.png?width=735&format=png&auto=webp&s=f13dc8fbc73e29337ca9c6d5c1fb61dcc34b2308 + +[On pg. 8 par. 6](https://preview.redd.it/cz8dx9oi4gy81.png?width=381&format=png&auto=webp&s=e4fb360743a94522daa8ff2a23a82c9ecaf0023d) + +There was already a lot of DD in the past that demonstrated how BCG consultants in the U.S would be sent by BCG to infiltrate companies being shorted by Citadel and Co. for purposes of reconnaissance (via corporate espionage), as well as taking down companies from within (e.g. Macy's, Toys "R" Us, Blockbuster, Bed Bath & Beyond, etc.). Infiltrators from BCG not only took down companies through sucking out their money and making terrible decisions from within, but also having said companies overleveraging themselves on loans they couldn't afford to pay back. Sound familiar? That being said, if BCG was tasked by a hedge fund with the objective of helping ensure that Greek bonds would be downgraded to junk bonds (as well as ensuring that businesses in Greece would be more likely to head to bankruptcy), the smart decision would be to have consultants helping banks ensure that is the outcome, such as Goldman Sachs (which some BCG consultants got hired from after 'resigning' from BCG) or Alpha bank (a major Greece bank that BCG consultants also transferred to). + +Now, as I've stated before in **§1: The History**, €240 billion came from the first 2 bailouts. Cottrell, from one of Germany's most relevant international broadcasters, Deutsche Welle (DW), asserts that only 5% of international bailout money for Greece was used for government reform, and that most of the money was used to pay off banks and take out more loans from banks. In his article, [Most of Greek bailout money went to banks: study](https://www.dw.com/en/most-of-greek-bailout-money-went-to-banks-study/a-19234391), "Most of the money was used to actually transfer risks from private creditors to public creditors," Rocholl said. "This means money was used to repay the private creditors by taking on more debts that were taken by private creditors. \[...\] Only 9.7 billion euros, according to ESMT, was directly contributed to [Greece's fiscal budget](https://www.dw.com/en/eu-creditors-put-greece-finances-under-the-microscope/a-18900920) or to kickstart the Greek economy. " + +In The Guardian's article, "[Where did the Greek bailout money go?](https://www.theguardian.com/world/2015/jun/29/where-did-the-greek-bailout-money-go)", most of the money went to the banks that lent Greece funds before the crash. Much worse is that, while Greek pension funds suffered terrible losses, €48.2billion of the bailout "was used to bail out Greek banks which had been forced to take losses, weakening their ability to protect themselves and depositors." A very miniscule amount of this bailout ended up going to the Greek Treasury to rebuild the economy. + +https://i.redd.it/n532icb15gy81.gif + +The banks had heavy influence in the situation the entire time, from the beginning of the debt crisis to the end, and considering that BCG's office in Greece had influence with the banks, it can be inferred that BCG played at least a partial role in the matter. + +Now, what type of influence did BCG have within Greece? Well, it was initially harder to find than Goldman Sachs, because BCG has been especially secretive with their dealings in Greece. Finding their Greek clients is like trying to find who are Citadel's 17 clients. So, I decided to take a different approach: we can find out if BCG was at least partially responsible for the events leading up to the default of Greece by understanding what their philosophical/socioeconomic positions were, and by finding that info, we can deduce what type of influence they had within banks, institutions, the government, and the overall economy. + +We'll start with Vassilis Antoniades, who is Partner and Managing Director of Boston Consulting Group, Athens. He is a member of the Business Advisory Council in Greece, as on the [BAC page](https://imba.aueb.gr/bacouncil/9/), which states that "**he has been involved in the build-up of BCG Athens since early 2003**." The Delphi Economic Forum also [states](https://2017.delphiforum.gr/speakers/vassilis-antoniades) that his focus is in wholesale banking. + +In a [BCG publication in 2015](https://www.bcg.com/publications/2015/public-sector-transformation-antoniades-palinginis-quick-progress-course-left-greece), BCG Athens Managing Director Antoniades makes the case that Eurozone has been (and will continue to be) good for Greece. + +"The prophets of doom may prove to be right: this is surely a very tough deal. Its unpopularity has led some experts to continue arguing that leaving the Eurozone is the preferable course. With the exception of the leftmost- and rightmost-leaning members of the Greek political system, few of these proponents live in Greece. They ignore the fact that the vast majority of Greeks see their future as part of Europe. Polls regularly show that 65 to 70 percent of the population supports remaining in the Eurozone. A “Grexit” would permanently undermine Greece’s position in Europe, seriously limit its influence in international affairs, especially in its immediate neighborhood, and substantially negate the significant achievements that the country has registered over the last four decades with regard to economic and sociopolitical change,"-Antoniades. + +Greece joining the Eurozone is something BCG has been supportive of, since 2000, and even today, despite the fact that Greece only got into the Eurozone via swaps manipulation from Goldman Sachs, and Greece's debt-to-GDP ratio is over 3 times the acceptable limit of 60%, meaning that they should've never been in the Eurozone, and shouldn't continue to be in the Eurozone. As I've stated before, the Euro prevented Greece from stabilizing, due to monetary policy. Its high risk still harms Greece's economy in the long-run, yet BCG is supportive of it. + +BCG also published a [23 page document in 2018](https://www.sev.org.gr/Uploads/Documents/50906/BCG_Greeces_Startup_Ecosystem_Apr_2018.pdf), where they ENCOURAGE making bankruptcies in Greece easier for businesses. + +Page 7: + +"Studies show that fear of failure is preventing Greek citizens from setting up new businesses. \[...\] Greek bankruptcy laws also make closing a business a costly and time-consuming endeavor; in some cases, it is punitive, without any second-chance provisions." + +Page 13: + +"The government should revamp its bankruptcy laws. The fear of failure has plagued the Greek business landscape for the past decade. The negative repercussions that result from declaring bankruptcy often deter entrepreneurs from starting a new business." + +This is their philosophy, and this is what we can expect their consultants in Greece have been influencing. + +Simply put, making the bankruptcy process easier and more lenient discourages risk aversion from businesses and incentivizes more "overleveraged and risk loving behavior", which would lead to bankruptcies. A substantial increase in bankruptcies is ultimately bad for the economy and the nation's GDP; hence, bad for Greece. This would only be good for hedge funds shorting those businesses and/or the economy. + +Now, in terms of money trails, it's harder to find out if there was any money laundering between BCG and institutions paying BCG to attack a country's economy/businesses, as BCG is not directly regulated. + +For instance, the World Economic Forum made BCG a Gatekeeper, meaning that BCG self-regulates and also has the power to "prevent or interrupt illicit financial flows from other institutions". + +[Here's the WEF Unifying Framework](https://www3.weforum.org/docs/WEF_Gatekeepers_A_Unifying_Framework_2021.pdf). It was created by Gatekeepers (i.e. BCG and Co.) for Gatekeepers. You will find on pg. 2, par. 2, it states, "regardless of whether such assistance is provided knowingly or unknowingly, these professionals can open access to financial markets, set up complex company structures, manage shell companies, and otherwise blur the nature and origin of ill‑gotten gains. Given their central role in the global economy, this professionally diverse group of service providers is also strategically situated to interrupt or prevent illicit financial flows by exercising appropriate due diligence when providing their specialized services. While sometimes presented as “enablers” or “facilitators” of illicit activity, the reality is that much of the so‑called enabling or facilitating is unintentional. **Further, the term “gatekeepers” more accurately captures the dual potential to promote or impede illicit transactions**." + +Companies that endorsed the WEF "Unifying Framework" for Gatekeepers to give themselves self-regulatory powers include BCG, UBS, Baker McKenzie, etc. + +Multinational Law Firm Headquartered in Chicago, Baker McKenzie ([which also got exposed by the Pandora Papers as facilitating a money laundering operation](https://www.icij.org/investigations/pandora-papers/baker-mckenzie-global-law-firm-offshore-tax-dodging/)), is not only connected to BCG but also the Former Chair of the International Monetary Fund and current head of the European Central Bank, so seeing all these connections is quite surreal, but I digress. + +The point is that if a hedge fund wanted to use a tool (one that's not directly regulated) to carry out its will of destroying companies (and hurting economies) from the inside, Boston Consulting Group would make for strong utilization. + +We would have never found out about BCG, if it weren't for RC. He was tweeting tons in regard to BCG; it was clear he wanted Apes to dig into its affairs. And the fact that RC liked THIS particular tweet on April 9th about BCG secretly being Citadel (or controlled by Citadel at least), is telling. + +https://preview.redd.it/0nnpdkrm4gy81.png?width=588&format=png&auto=webp&s=9c33a97a63e2136fade29ebcba52e098f4674d2b + +Which begs the question, if BCG was trying to hurt Greece (and Greek businesses), which hedge fund (along with billionaire John Paulson and the other hedge funds that the Greek government openly accused of trying to attack their country) stood to profit from the Greek Debt Crisis? + +https://preview.redd.it/dmucsmxn4gy81.png?width=989&format=png&auto=webp&s=a25033146f4ed9bc910615ac5b6e2364b9a9eba9 + +Citadel's hedge via sovereign credit default swap spreads against Greece paid out, and news articles made him sound like some brilliant finance wizard of highly advanced intellect that can foresee the future, when in reality he and his buddies just manipulated the Greek market, damaged the economy, and profited off it. This is comparable to his work on shorting brick-and-mortar companies in the U.S, just on a macro scale. + +**§3: The Implications** + +With what we now know, what can be inferred? That not only have companies been manipulated and shorted for profit, but that this behavior can also be captured on the macro scale with the manipulation and shorting of entire economies supranationally. + +This has been seen in the past, such as in the early 90s when Soros made billions by [shorting the British pound](https://historyofyesterday.com/the-day-george-soros-broke-the-bank-of-england-to-make-1-1b-4834df0605d1), and then having his friends deplete the reserves from the Bank of England, forcing currency devaluation and ultimately crashing the pound, damaging the economy in the process. Or, on March, 2020, when Ackman set up a hedge against the U.S market, then immediately went on national TV, [scaring the public](https://www.afr.com/markets/equity-markets/hell-is-coming-billionaire-bill-ackman-sends-sharemarket-spiralling-20200320-p54c1t) by telling them, I quote, "hell is coming," and "there's a tsunami coming", referring to the market, helping lead to a 30% flash crash of the S&P 500, [netting him billions in profit](https://www.businessinsider.com/bill-ackman-billionaire-hedgefund-manager-made-billions-off-coronavirus-crash-2020-4). + +This may be why Citadel was previously banned from China during their crackdown on [malicious short selling](https://www.financemagnates.com/institutional-forex/regulation/citadel-securities-fined-97m-in-china-for-malicious-short-selling/). Unlike other countries, China wasn't having it. + +I've also heard of similar stories (from Apes as well as news outlets) of BCG potentially meddling with other nation's economies as well, which I find compelling, and may possibly further support my findings. + +Here's some examples: + +Comment excerpt from Ape "throwawaylurker012" relating to his DD on [SHFs shorting Argentina's economy](https://www.reddit.com/r/Superstonk/comments/tf43zo/sovereign_debts_ransom_notes_pt_2_elliot/): + +https://preview.redd.it/w2zmdtsp4gy81.png?width=1440&format=png&auto=webp&s=5b65ef75cf39fd8b13095fb2490acfe5bbe82c4d + +"Kalsitu" discovers BCG meddling in Spain. + +https://preview.redd.it/7k9r88oq4gy81.png?width=698&format=png&auto=webp&s=b39d2d6d45d62740f44295c4d2066e152f10f509 + +"KakelaTron" draws connections between Sri Lankan debt and BCG. + +https://preview.redd.it/0t7cyawr4gy81.png?width=681&format=png&auto=webp&s=99152795e5b7f41bc7544722a218ac9ea97bf98f + +I've also noticed Goldman Sachs' name keeps showing up alongside BCG in the other "affairs", which I find interesting as well. + +Apes "JustBeingPunny" and "CruxHub" were previously shadowbanned for posting DD related to BCG, so I'm not entirely sure what will end up happening to this post, but I do believe we're definitely onto something. Otherwise, there'd have been no reason for BCG to want to censor any research relating to their inconspicuous dealings in domestic and foreign affairs. + +A good takeaway from this, though, is that post-MOASS, it may not be only generational wealth that you'll achieve, but also a spot in the history books, and the knowledge that you've essentially become a hero to countless lives around the globe, protecting them from economic parasites and malicious shortsellers that have tried to profit off the socioeconomic hardship of millions, just like in Greece. + +**TL;DR: A preponderance of the evidence suggests that Goldman Sachs as well as BCG were at least partially responsible for the events leading to the default of Greece, and that Citadel profited in the process. This is amply evident from Goldman Sach's ledgerdemain with the Greek government, in addition to the sovereign credit default swaps they purchased behind Greece's backs. This is also evident from BCG's wholesale banking connections in Greece since 2000, and their influence of Greece remaining in the Eurozone (which led to the default), in addition to a push for incentivizing Greek bankruptcies, etc., all while helping Citadel rake in profits off swaps against Greece. Further connections suggest that Greece wasn't the only country this happened to, and that other nation's economies may have been susceptible to manipulation and malicious short attacks for profit.** + +\---------------------------------------------------------------------------------------------------------------------------------------- + +Edit: u/ throwawaylurker012 [posted a DD](https://www.reddit.com/r/Superstonk/comments/um2omm/in_2012_citadel_sat_on_the_cddc_the_secretive/) not long after I made this one, which goes over how Citadel sat on the CDDC, the secretive board that determined if Greece defaulted, as well as when the credit default swaps paid out. I wanted to share it here, as it further supplements the DD. +We stop pouring ETH on ICOs, it's that simple. + +ICOs should raise the equivalent amount they would have been able to in the fiat world. An idea without a company/product isn't worth $30m, maybe $1-2. + +When we invest those sums, we transfer ETH from people who believe in its future (us), to people who don't. Hence, it's *us* who do the dumping, indirectly. + +We should investigate ICOs more seriously, and ask tough questions about returns & obligations. +We should demand proofs & trustless mechanisms to ensure the token worth. + +$30m is 0.1% of the *entire Eth cap*. Do you really think any one idea could be worth that much? +In the fiat world, 0.1% of the USD is $4b. **Heard of any startup raising $4b based on a paper and a team list?** + +No? So **stop dumping your precious ETH on ICOs**. + +We have an extremely undervalued coin here. It's not one of the endless XYZ coins, but **ETH**. + +Dump your XYZ tokens, and get more ETH. + + +Currently a nurse - which I love. The benefit of retraining would be greater job satisfaction. It would take 4 years to retrain however (I'd be 34 as an F1 Doctor). Is there any financial benefit to retraining and losing 4 years of paid nursing work? (I could do bank shifts as a nurse, and have a year to save too). No kids, no mortgage. + +Edit: the reason I haven't applied before is because I never thought I'd be smart enough... But I've a lot more faith in myself now. +I am an immigrant and was not part of UK education system at all. I have a child that will be going to school in over a year and I am thinking what is the best option. + +I noted that independent schools are crazy expensive, where I live (Glasgow) it's roughly 4k per term depending on age and school. So with 3 terms per year and 13 years of school (from 5 to 18 years old) it adds up to 150k minimum. Are those school really that much better from a respectable public schools? Or this is just for posh people to keep their kids among other kids with similar status? Could this be a good investment in kids future, better than just investing this money and giving them at the age 18? +As the title implies, the SEC - or specifically, Division of Investment Management’s Analytics Office - is supposed to share the quarterly update of [*Private Funds Statistics*](https://www.sec.gov/divisions/investment/private-funds-statistics.shtml) + +This aims to provide detailed reporting of the **aggregate investment exposures by asset type for certain hedge funds as well as new analysis of private funds' borrowing, beneficial ownership, and use of stress testing**. I'm no expert, but I have to imagine there'd be some interesting data in the last 3 versions of that report.... the PF forms are required to be filed quarterly by the funds, so where are they? + +Filings are grouped by their report date within their reported year: ˆ + +* (Q1): February 15 to May 14 +* (Q2): May 15 to August 14 ˆ +* (Q3): August 15 to November 14 ˆ +* (Q4): November 15 to February 14 + +Here's the last one filed for Q3 2020, released back in December, but reflects data from Fourth Calendar Quarter 2018 through Third Calendar Quarter 2020: [https://www.sec.gov/divisions/investment/private-funds-statistics/private-funds-statistics-2020-q3.pdf](https://www.sec.gov/divisions/investment/private-funds-statistics/private-funds-statistics-2020-q3.pdf) + +&#x200B; + +[donde?](https://preview.redd.it/qwluskzay0a71.png?width=993&format=png&auto=webp&s=d1e22395c643e4338c579a788469bcd09ee00100) + +**EDIT**: submitted a request and sent an email to the Records Management Office of the SEC: + +https://preview.redd.it/9zse15oz91a71.jpg?width=1702&format=pjpg&auto=webp&s=e3fda80a7ba6d5a6959aec4c501fc44fbe982bc2 + +going to call the EDGAR Filer support as well, I'll keep you all posted + +**EDIT 2**: I've now sent a few emails and called: + +Records Management Office + +Chief Counsel's Office (CCO) + +Trading and Markets Department + +Investment Adviser Regulation Office + +& the EDGAR General Inquiry Line + +**NO ONE ANSWERED**, but I left messages, so hopefully someone will take a break from scrolling the latest PH uploads, and call me back. + +**EDIT 3:** I think it's safe to say that I'm not going to get an answer today, I'll follow up here and/or create another post when (if) I get a response. + +**EDIT 4:** + +**Ok I had some more time to dig into these** \- + +after looking back through the release dates **on the documents themselves** over the past few years (started in 2015), the **4th Quarter of the year prior** (which is the next one we'd be expecting) traditionally **comes out in July/August of the following year**. But in 2020, things got set back: + +&#x200B; + +* Q4 2015 - released **July** 22, 2016 +* Q4 2016 - released **July** 7, 2017 +* Q4 2017 - released **August** 2, 2018 +* Q4 2018 - released **July** 23, 2019 +* \*\*Q4 2019 - released **October 2**, 2020... took 'em an extra few months on this one. +* \*\*Q1 2020 - released December 1, 2020... still about a month behind the 'normal schedule' +* \*\*Q2 2020 - released January 25, 2021... back on schedule... + +But looking at the past two **Q3** releases: + +* **Q3** 2019 - Released **May 14, 2020** +* **Q3** 2020 - released **May 5, 2020**... what? gotta be a typo, right? [It's printed on literally every page though](https://www.sec.gov/divisions/investment/private-funds-statistics/private-funds-statistics-2020-q3.pdf). It's kinda hard to miss. My guess is that if it is a massive typo, it *should* be May 2021, which would track with 2019 and prior. But there's no press release for that one, the latest [this press release from Dec 2020](https://www.sec.gov/news/press-release/2020-313) that I referred to in the original post, which states: + * "The most recent version of the report, published today..." + * The latest release, according to the document itself, came out way back in May of 2020, not December... **leading me to assume that** **we were way behind track here.** + * I think that press release was in fact referencing the Q1 2020 report *(even though that paper is actually dated 10 days prior to the PR release... so close guys)*, but it would more or less line up with our 'schedule' + +**So looking ahead** and assuming we're back on track - *hopefully without anymore fuckin typos*, this is what we should expect: + +* Q4 2020 - should be released any day now if we go on the 2015-2019 average... we'll see +* Q1 2021 - again based on the above, should be OCT-NOV 2021 +* Q2 2021 - Jan 2022 +* Q3 2021 - May 2022 + +I will still update regarding any response from the people I contacted, which hopefully will either confirm or deny my projected timeline here. We still don't know if the next one still might not be ready for a few months. + +**Between the typos, mis-dated press releases, delays, and lack of response, I still think someone should revoke all of their PH premium access. But for now, I think we can put the pitchforks down and hope Q4 2020 is delivered in the next week or two.** + +# FINAL EDIT: + +**I just received a reply from an individual in the Analytics Office, within the Division of Investment Management:** + +*Good evening* + +*I wanted to reply to let you know that consistent with prior years, our* ***2020Q4 Private Fund Statistics report will be published in the coming weeks***\*. Generally, the Q4 reports are released in late July or August. As you can see\* [*here*](https://www.sec.gov/divisions/investment/private-funds-statistics.shtml)*, our most recent 2020Q3 report was published in May 2021. As the instructions to* [*Form PF*](https://www.sec.gov/files/formpf.pdf) *and our indicate, annual filers are not required to report until 120 days after the end of their fiscal year, so we take that into account before publishing our reports for a given quarter. More detail on our handling of the data can be found in the appendix of our reports.* + +*If you have any additional questions please let me know.* + +*Thank you* + +*------* + +Additionally, the date on the latest Q3 2020 Report has been updated to **May 5, 2021** + +[https://www.sec.gov/divisions/investment/private-funds-statistics/private-funds-statistics-2020-q3.pdf](https://www.sec.gov/divisions/investment/private-funds-statistics/private-funds-statistics-2020-q3.pdf) + +**edit to the edit:** + +**one more thing to add, especially after going through a lot of these comments, as well as a few of these Private Funds Statistics reports...** + +the SEC as a whole has a lot of bad rap for a lot of legitimate reasons, and while and I'll be the fist one to call them out I want to just point out that the team that puts these together deserves some credit for the work put into these reports. These are some seriously wrinkled individuals that have to sift through thousands of PF forms, verify the data is correct, make amends, and then compile it into a document that hopefully some other people will read and understand. + +**So, again, while we should absolutely hold the SEC accountable to the mandates its set out to accomplish, it's good to still recognize work being done on the individual level.** +Whenever I watch the news, they use the Dow 30 as "the market". For example, they would say the market is down a certain amount of points when only the Dow is. + +And now apparently with Apple's stock split, there will be less weight of Apple in the Dow? So less Apple (probably their best performer). This makes no sense to me, but apparently that's how the Dow works. + +I don't know anybody personally who invests in ETFs/Indexes that track the Dow. But they do get decent volume. + +To me, I feel the Dow is like my grand dad's stocks. There are some good names, but it's mostly old names. I usually only use it as a reference to see how the old American companies are doing. + +Lot of them pay good dividends. So I will give them that. And it's only 30 stocks and I think all of them will still be around 50 years from now. +**\*\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** + +Greetings apes, it's been a while. I've been a busy autist and have taken a break from DDs, so I'm sorry for my absence. I'm not sure when the next time I'll be posting another big DD is, but I am still lurking, commenting, and keeping up to date, so it'll happen. Today's post is a mini DD that inspired by a message from an ape. An ape by the name of [u/emu\_fake](https://www.reddit.com/u/emu_fake/) messaged me and asked what I thought about the ATM offering that GME did right after earnings having an effect on the FTD cycle. Well, here are my thoughts on it. + +As well all know, the FTD cycle happens every 35 calendar days which comes out to about every 21 trading days. The idea is that because this is the latest possible day that a HF might have to cover, they do it at the very last minute. We have seen a substantial positive volume and price increase consistently for months now. However, we didn't see one on 6/24, which was supposed to be an FTD cycle day as well. At first, when I heard what this ape had to say, I didn't think much of it.... until I remembered another day: 4/26. This was also an FTD cycle date but many of us have noted that it could barely be considered an FTD cycle day because it's volume and price increase were not that substantial. Guess what GME did right before that date? That's right, a share offering. They announced this offering as being complete on 4/26 (so they actually sold it before then). That offering was for 3.5m shares, which is 30% fewer than this most recent offering. + +https://preview.redd.it/srxiovw42a871.png?width=2164&format=png&auto=webp&s=a37ae503d39fed43a7d21c468b4fd693ee129c81 + +Even more interesting, is that a certain coin hit a low a few days before it usually does during the FTD cycle. Interesting.... + +From all of this, I theorize that because both of these FTD cycle dates proceeded an ATM offering, this gave HFs the ability to buy an influx of shares at a discounted price. They sold off their coin faster than they normally would have to cover. This effectively allowed them to "skip" an FTD cycle price increase. It also makes sense that we saw some light gain on the 4/26 one but no gain on the previous one because the 4/26 offering was 30% smaller, so they still may have had some FTDs to cover. This is all complete and total speculation but IMO it is definitely a plausible theory. If we miss the next supposed FTD cycle date, then I'd say this theory isn't true, but if we see an FTD cycle next time, then this theory may be accurate. This is also interesting because if it's true then it is more evidence that: apes own the float, HFs are WAYYYYYYY over-shorted, the FTD cycle is persistent and exponentially increasing, and the MOASS will happen. + +Finally, let's all just take a second to realize the absolute absurdity of GME's chart. Seriously, wtf. The stock is holding in the 200's, and went well over 300 a few weeks, on absolutely disturbingly low volume. IMO this shows us just how pervasive the OTC/dark pool trading is. If there isn't anything going on here, then why are they doing that? Also, the 350 level is absolutely absurd. We've been rejected by it brutally two times and when we passed it in January, the market literally shut GME down. Yeah, I'm guessing Marge has HFs on speed dial at $350. Anyway, my tits are jacked and I like the stock. That's all for now, apes. + +**\*\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** +I was just called on my Verizon Wireless cell phone, the caller ID showed up as "Voicemail" - I thought, that's odd. I usually don't answer calls if I don't know the person, but I answered this one. Immediately a robot starts talking saying it is Verizon and fraud has been detected on my account, press 1 to deactivate your account or press 2 to speak to a customer service rep. So I press 2 and a woman is on the other line saying she works at Verizon Wirelss and fraudulent activity may have been found on my account. She asks me if I ordered an Iphone XS to North Caroline. I live in New Jersey so I said no I did not. She asks me if I know a certain persons name and address, again I say I don't know that person or address. She says ok there has been fraud on your account, we're going to lock it down and take care of that for you, for your security we are going to send you a number through text, when you get that please read it back to me. The text comes and it says something to the effect of: + +"Below is your temporary password. Please remember Verizon will never contact you to ask for this number. + +23482349 (bunch of random numbers)" + +Thankfully I read the full text. I said to the woman "It says here Verizon will never contact me to ask for this number." She doesn't miss a beat and responds with "Yes we will only ask for that number when we call you before hand and tell you what we are doing, that is to prevent any scammers from getting their hands on it." So I responded "Like you?" She continued to go on saying how she works at Verizon and needs the number to prevent this fraud right away. I then hung up on her and called Verizon with the number from their website just to be sure there was no fraud, and of course there wasn't. + +What these people did is they went to VerizonWireless.com and entered my phone number into the username/password login form. You can login with your number on vzw. So they put in my number and click forgot password, which resets your password and texts you a new one. If I had given that number that was texted to me to this woman she would have then been able to reset my account password to whatever she wanted and I wouldn't have been able to get back into my account. She could have ordered herself whatever she wanted from within my account. So please beware, if someone calls you from a company and says there is fraud hang up on them immediately and call the company from a number on their website. It will cost you only about 30 seconds and save you a ton of trouble! + Robinhood shares hit a new low this week that pushed the company’s market capitalization below the value of its cash on hand. + +The brokerage app, once a darling of the tech industry, has slumped to roughly $7 per share — an 80% decline since its July debut price of $38. + +Read the full article: [https://nypost.com/2022/06/16/robinhood-stock-plummets-now-worth-less-than-cash-on-hand/](https://nypost.com/2022/06/16/robinhood-stock-plummets-now-worth-less-than-cash-on-hand/) + +**Robinhood’s (HOOD) market cap ($6 billion) is now lower than its cash on hand of $6.19 billion reported during its recent earnings release.** + +**Do you think this implies it's undervalued and a good buy?** +I live in Bangladesh and work at a bank. Here, a Bangladeshi citizen is not allowed to spend more than USD 12,000 in a calendar year. For a single online transaction, it can't be more than USD 300 unless for 7 or so specific criteria such as visa fees, hotel booking, air ticket purchase etc. You can send money abroad for studies and for medical treatment but they all have strict criteria. For medical treatment a board of doctors has to certify that the treatment cannot be done in the country for instance among other things. Any money sent outside of this framework is considered money laundering with several years in prison as a punishment. +Having US dollar cash with you is a crime with jail terms as well. However, there is no limit to the amount of money that can be brought into the country, although they do ask for papers for each transactions. + +Recently, the rise in the dollar exchange rate and the power outages everyday due to rising oil prices is blamed on people who have left the country and taken their money with them. Some are people who amassed a lot of wealth and then hid it in Swiss banks, while others are people who simply moved abroad for studies and then eventual settlement. + +Among the society, both among intellectuals, politicians and the general public there is a strong hatred towards people who take money out of the country. Its like "How dare they take out money from the country. Lets jail them and bring back all the money to where it really belongs". + +Now my questions are: + +* What is this ideology called? Where taking money out of the country is considered an evil? + +* What is the term in economics for such economic policy where money is strictly prohibited from going out of the country? + +* Is there an index or ranking of countries based on how strict they control money out of the country? + +* Are these policies economically beneficial for poor countries like Bangladesh? +Non-native English speaker here. + +&#x200B; + +It seems that virtually all the occupations of an Economist is in the government. There does not seem to be that many Economist jobs in the private sector. + +I am referring to Economist occupations here and I am not talking about people with a background in Economics who goes on to be a Financial Analyst within a business or do any other job other than that of Economics regardless of their occupational title. + +&#x200B; + +My question is: + +\- What percentage of Economist jobs are in the private sector? + +\- What are the *types* of these jobs? + +\- What do people in these jobs do on a daily basis? For instance what does a corporate economist do? + +&#x200B; + +PS: I know these are basic questions, but I couldn't find any information on this topic even after weeks of searching. Maybe I am using the incorrect search terms in Google because English is not my native language. If anyone can guide me to a PDF or link online where I can get the information in my questions that would be great as well. + +Thanks in advance. +What else is left of the primitive btc blockchain apart from being a store of value? + +Ethereum has attracted all the serious tech endeavours into blockchain technology from Bitcoin that stalled the entry into smart contracts. + +Monero and zcash have surged as currency transaction chains that have given new features over btc. + +Now btc is nothing more than a store of value. It will most likely exist mainly as a settlement layer and "reserve currency" for all cryptos. + +Thoughts? +Don't buy into this hype, they're mentioning on https://btcgpu.org/ that full replay protection has been implemented. I thought I'd just check a bit more into their GitHub and I'm actually surprised with what I found: https://github.com/BTCGPU/BTCGPU/issues/51. They raised a **BOUNTY** for someone to implement replay protection 3 days ago, their build is riddled with errors, there's a lot of uncertainty (see https://github.com/BTCGPU/BTCGPU/issues) + +I'll let you guys be the judge, of course many people already knew this would some sort of a money-grab, but it looks like they're failing miserably and lying on what is and is not implemented. + +**EDIT** +Someone linked their Trello page: https://trello.com/b/P1rLw1G9/bitcoin-gold-todos. This pretty much shows they've got nothing but the basics done so far. +&#x200B; + +[Banner submission by u\/skratchattack ](https://preview.redd.it/aonkh35b4ly61.png?width=1111&format=png&auto=webp&s=f05b0100dbeb418e286ffb91726e458875c9d73b) + +# Good Morning Superstonk!!! + +# 📢TODAY IS AMA DAY!!! 📢 + +# [LINK TO AMA! STARTS AT 4PM EASTERN!!](https://youtu.be/KHnpPfWdf78) + +[**Countdown Timer to the AMA!!**](https://www.timeanddate.com/countdown/to?msg=Countdown%20Timer&p0=179&year=2021&month=5&day=12&hour=16&min=0&sec=0&fromtheme=generic) + +[🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/n9xjh7/come_and_get_them/?utm_source=share&utm_medium=web2x&context=3) + +**T**[**ake a minute to scroll through and (up)vote the memes in our giveaway thread!**](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3) **😆** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Tweet Heard Round the World + +[Mission Control to Major Gamestop. Do you read me? HODL.](https://preview.redd.it/jbj5axgezky61.png?width=1920&format=png&auto=webp&s=d9cc9dede70692e40f6ea2419cbf0efa046bac87) + +So Gamestop decided to be cryptic af while also jacking all of the tits yesterday when they tweeted this pic with the caption "**Been away for the past few months. What did I miss**?" + +# UM EXCUSE ME I HAVE SEVERAL QUESTIONS!! 🙋‍♀️ + +Let's look at the pic a little closer shall we? 🧐 + +Some people have pointed out that this is an [old original Carlsberg Beer advertisement](https://www.youtube.com/watch?v=Dnrq-V39B6M). And that is true. + +As you can see, the astronaut is both holding the Carlsberg beer in their hand, and resting their feet on a Carlsberg cooler. + +But let's think about whether this was intentional... ok. They *didn't* edit out the original Carlsberg, yet they edited *in* the GS on the sleeve? So it *is* edited, which logically tells me they left the Carlsberg there for a reason.... + +AND TODAY IS THE **CARL** HAG**BERG** AMA..... + +# 🚨GAMESTOP KNOWS ALL ABOUT CARL HAGBERG, HE IS THE EXPERT THEY CALL AND HIRE TO OFFICIALLY EXAMINE THE VOTES IF THEY'RE FUCKY. DO YOU UNDERSTAND THAT?! GME CORPORATE ALREADY KNOWS CARL WAY BEFORE THIS AMA!!!!!🚨 + +From Carl Hagberg's bio: + +["He is also considered to be a leading expert on the proxy voting process and has served as Independent Inspector of Election, both in contested and uncontested situations, at over 300 annual and special meetings of shareholders."](https://optimizeronline.com/about/) + +When a corporate election uncovers something wonky, like **OVERVOTING**, they call experts. + +# LIKE THE LEADING EXPERT IN THE FIELD, [CARL HAGBERG!](https://optimizeronline.com/about/) + +[**It has also been pointed out that Carlsberg (the Beer) has been- and continues to be- in the middle of a share buyback.**](https://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=3909116&lang=en-GB&companycode=dk-cbg&v=dk-cbg_new) + +If that were to happen with GME, that would be more than checkmate for Hedgies, although that doesn't make a whole lot of sense considering they just unloaded a bunch of shares to clear debt. But maybe they are just getting back on the rocket with us **BECAUSE THE PRICE IS A LIE!!!** 🚀 + +Now do you see why it's not just a bunch of tin foil conspiracy? **DO YOU SEE IT?** (Laughs maniacally) + +[Ground Control to Major GME- DO WE HAVE BLASTOFF?!?!?!](https://preview.redd.it/6w7n8qeomly61.png?width=600&format=png&auto=webp&s=9a29e0f288d76f33e57514c99e745af4448529ff) + +&#x200B; + +# [And don't forget that yesterday was the first day that Gamestop Corp was actually able to see live poll results from the proxy voting.](https://www.reddit.com/r/Superstonk/comments/mxwfyt/proxy_voting_dd_how_the_count_works_and_timeline/?utm_source=share&utm_medium=web2x&context=3) THEY KNOW!!! + +[From the proxy vote computershare company's client handbook](https://preview.redd.it/tzcu9feq2oy61.png?width=762&format=png&auto=webp&s=117d1dc4553efd2c4586beb42f7220077d74585c) + +**Not only do they get REAL TIME results, they are ACTIONABLE results, meaning when they see the numbers and reports, THEY CAN BE UPHELD IN A COURT OF LAW!!!** [**Read more about it here!**](https://www-us.computershare.com/content/download.asp?docId=%7B9D6D5536-F0AD-4BF0-BECD-BA50A08971E1%7D&cc=US&lang=en&bhjs=0&theme=cpu) + +&#x200B; + +[~~This is the website we retail investors can use to find the results~~](https://www.proxymonitor.org/)~~!!~~ I will update here with results! None are posted at the time of publication. 👀 + +Edit 9:00 am NYSE time: I think we hugged the website to death. Idk if the link works now 🤷‍♀️ + +# __________________________________________________________ + +# 📢📢Clear your schedule for today at 4pm Eastern- No, SERIOUSLY YOU CAN'T MISS THIS AMA 📢📢 + +Remember how much the Dr. T AMA changed the game for us? Well the world is taking us seriously. And leading experts are now willing to come and educate this community, free of charge, because **THEY HAVE BEEN FIGHTING NAKED SHORT SELLING FOR YEARS AND SO FAR NO ONE HAS LISTENED!!** + +We are the pitchfork army of individual investors that Dr. T, Carl Hagberg, Dave Lauer, and many others, have been waiting to come and grab Wall Street by the absolute BALLS like we have, to where this issue can't be ignored any more. + +You know what makes us different? + +**THIS COMMUNITY!!** + +**YOU APES!!** + +[**If you watched the old Wall Street Conspiracy documentary LIKE I'VE BEEN TELLING YOU TO**](https://youtu.be/Kpyhnmd-ZbU) (I can still give out poopoo flairs for not watching, y'know 👀) then you know there have been apes for decades. Apes just like us. Apes fighting to stop corruption and expose the criminal financial system. But you notice something in that documentary about the apes? + +**THEY DIDN'T HAVE REDDIT!!** + +The apes in that documentary are just an earlier generation of us, that lacked the platform we have. Sure, they had an online group, but it was moderated by A SINGLE MOD. And it wasn't a huge community like ours. They had to physically pound the pavement to get the word out. Whereas they stood on the street corner of Wall Street with a bull horn, **WE HAVE AMAs ON YOUTUBE. 📢📢📢📢📢 We are doing this not only for this community, but for every ape before us who has tried to get someone's attention about the** [**Naked, Short, and Greedy**](https://spiramus.com/naked-short-and-greedy)**.** + +# [Tune in today at 4pm Eastern on Superstonk YouTube Live to watch](https://youtu.be/KHnpPfWdf78) u/atobitt [interview the legendary Carl Hagberg in this game changing AMA!!](https://youtu.be/KHnpPfWdf78) 💎🙌🚀 + +&#x200B; + +[Carl Hagberg, Retail Shareholder Rights Expert](https://preview.redd.it/fxanehaymly61.png?width=226&format=png&auto=webp&s=f9d969180951dcbacc6622e0220afb4049c0e0bc) + +[**Upon Dr. T's recommendation, everyone needs to read this comment from Mr. Hagberg to the SEC regarding overvoting!🚨**](https://www.sec.gov/comments/4-725/4725-4611649-176367.pdf) + +&#x200B; + +# Here's a comment from u/Atobitt: + +&#x200B; + +*"Honestly, I don't see how the vote can be low.* + +*I've talked with Carl and we both agree there's no way for hedge funds to get out of a 140% short position. The highest daily volume in Jan was on 1/22 with 197 million shares traded. Its much harder to explain that figure as legitimate shares being traded, because the entire company would have to exchange almost every share 3 times. The way hedge funds counter a dramatic and rapid increase in stock price is through shorting, and the pattern in GME and other heavily shorted stocks looks exactly like that. It's more likely that hedge funds were naked shorting millions of shares to suppress the price, which still went up until Robinhood halted retail buying.* + +*After that, their only option to get the situation under control was to cause a panic sell and bankrupt the company. If they couldn't tank the company and convince people to sell their positions, it would allow the buyer of those phantom shares to vote at the annual shareholder meeting. We saw flash crashes, short selling on circuit breaker events, and additional short selling when hedge funds were supposedly covering.. It started to look like they were desperate, which we knew they were.* + +*So.... By hodling through these events and voting at the meeting, we now have the most transparent way to illustrate the effects of their market f\*uckery.* + +*I think people (including myself) are going to be surprised by the number of votes cast this year. People like Carl Hagberg serve as proxy election specialists and audit the process to ensure everything checks out. He is considered one of the country's leading authorities on annual meeting matters. When the situations described above start to show up, its damned-near impossible to explain it any other way.* + +*Hedgies R F\*cked* + +💎 👐" - u/atobitt, describing how Hedgies r fukd + +Also... + +https://preview.redd.it/g97nzfg35my61.png?width=643&format=png&auto=webp&s=2705c87a199719ad0ea524d523061388555145f7 + +# ✅VOTE YOUR SHARES AND GET YOUR FLAIRS!✅ + +**Drop a comment below with !apevote! to get your special vote flair** + +EUROAPES GOT A FLAIR!! YOU TRIED!! TYPE !novote! TO GET YOUR SPECIAL FLAIR!! + +*FYI this works on any post in this sub, not just this one!* + +[**This Rock the Vote post will tell you all you need to know to exercise your right to vote!**](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/?utm_source=share&utm_medium=web2x&context=3) **💪** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Meet Finley and Quinn Mulligan- The brothers behind the Apes Together Strong Documentary + +The one told by apes, for apes. + +# [This is pasted from the OP by](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3) u/albanak + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **INTRO** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧 + +My name is Finley Mulligan ([u/albanak](https://www.reddit.com/u/albanak/)), my brother is Quinn Mulligan ([u/cyclopsQHM](https://www.reddit.com/u/cyclopsQHM/)). We are apes. + +We've been hodling since early Jan, joined the exodus to [r/GME](https://www.reddit.com/r/GME/) and eventually migrated with the first wave of settlers at [r/superstonk](https://www.reddit.com/r/superstonk/) — we are not outsiders, we want to make sure this story is told right and from within. + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **BACKGROUND** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +We got sick of seeing "retail" investors being portrayed like shit by the mainstream media. + +We couldn't stand seeing the narrative build that the current untenable state of our markets is somehow *our fault* — meanwhile, everyone turns a blind eye to the corruption, illegal practices, and blatant manipulation being practiced by the "institutions" lining the pockets of the asshats condemning us. + +Then the hulu doc came out and we kind of hit a limit. SO. I posted a simple question — "**Who wants a REAL documentary about what's happening with the squeeze**?" and the response was overwhelmingly positive — you had some key points of guidance: + +* The story isn't done 'til the squeeze has squozen +* Ask the questions no one's asking (naked short selling, FTDs, etc) +* Make sure to features the community as much as possible +* Tell the truth even if the truth hurts +* Fuck off, we just like the stock (fair enough) + +[**We took those tenets to heart and posted THIS**](https://www.reddit.com/r/GME/comments/mgoo4a/update_question_who_wants_a_real_documentary/)**.** + +This story isn't finished. + +It feels like a war of attrition at times but with new rules, SEC head, and the simple fact that time is on our side we believe that we will soon see an end to this saga. + +This last act is still unfolding and we won’t be telling an unfinished story — apes are very clear that this film shouldn’t finish until the squeeze has squozen and we want to respect that. + +We’ll be including the community throughout the creation of the film. Offering to show rough cuts, consulting when we’re stuck or need fresh eyes. We believe very much that community engagement is vital to being able to call this a film for apes by apes. + +If you'd like to follow along you can join our mailing list at [apestogetherstrongdoc.com](https://apestogetherstrongdoc.com/) + +or our twitter @ apestogetherdoc + +Please hit us up at [info@apestogetherstrongdoc.com](mailto:info@apestogetherstrongdoc.com) or tag [u/albanak](https://www.reddit.com/u/albanak/) in any post you think is worth calling attention to! Special thanks to [u/not\_ya-wify](https://www.reddit.com/u/not_ya-wify/) who's been super awesome doing this. + +This film is for you all, we'll answer any questions you have. + +**APES. TOGETHER. STRONG.** + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +# [Read the full story about the Mulligan brothers and their awesome documentary here](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3). Please note that neither Superstonk, nor Superstonk Live YouTube are affiliated with the production (or any resulting profit) of this film. We just think it's cool as shit that they're telling the story from apes' perspective and wanted to share with you guys :) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DTCC Liquidity Test (yes, again) + +[I can haz fundz?](https://preview.redd.it/xr9yu0vntly61.jpg?width=726&format=pjpg&auto=webp&s=e2b83a20214bf0ce00097c72d1268cee88974c1a) + +[**So the DTCC is having a liquidity test tomorrow, May 13th.**](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf) + +[What the hell is a liquidity test anyway?](https://www.dtcc.com/~/media/Files/Downloads/Clearing-Services/FICC/CCLF-Annual-Test-Reference-Doc.pdf) + +Well... This doesn't effect anything in the market in real time, it is merely a computer simulation test meant to test the liquidity of the market when the new rules get implemented (think 002). It's odd that they would do a test that they *just* did in April, and they usually do **ANNUALLY,** to be doing it *again* just a **MONTH LATER**. And liquidity tests do require... liquidity... in order to pass them. So you *miiiiiight* need to sell a few things to rack up those liquid assets..... + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +## [Stocks just suffered the worst bout of concentrated selling pressure in history i.e. MASS SELLOFF YESTERDAY](https://twitter.com/sentimentrader/status/1392110819568095234?s=20) + +[Like takin aaaaall your valuables to the pawn shop right before bills come due](https://preview.redd.it/bk7mvyk3oly61.png?width=1373&format=png&auto=webp&s=70d8901da1e06a287b9298bc1ff40ecab723ab8a) + +So I can't find anything to really verify this tweet besides the tweet itself, but I will say, as u/bye_triangle pointed out, that u/deepfuckingvalue follows this account on his twitter, and I know that guy doesn't follow bogus sources. So I'm just saying take this was a liiiiittle grain of salt. But mods think this checks out. ✅ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 👀 New Mod-Only Post Flairs 👀 + +After an influx of requests for tighter moderation in the sub and much deliberation amongst the mod team, we decided it would be best to instead of removing questionable/unverified/contended posts, we would instead create some Mod-only use post flairs that we can assign when posts have been determined to be unverified, or totally debunked. + +So we decided that removing some posts was too much, and instead made a mod-only flair + +# ⚠Inconclusive⚠ + +so we can mark posts that seem suspect, inconclusive, or are potential FUD. OP can then revise their post with accurate info to have flair updated. Additionally, you apes can still see the post, and it's very transparent in what we are considering to be suspicious or potential FUD without removing it. You can then discuss for or against a flair change in the comments; + +We also added the + +# 🚨Debunked🚨 + +flair to the mod-only flair lineup. Please note, we will still remove posts that blatantly break rules; but this way we can manage in a transparent way whether to be cautious or not with posts. + +It's a seriously thin line to toe between democracy and something else. We are a pretty liberal mod team and we try to let the apes decide what we read in the jungle, but we also realize the weight and responsibility we have to provide accurate information to the community. Hopefully this satisfies both sides of the dilemma. + +[smooth brain](https://preview.redd.it/1u24b08ttly61.png?width=758&format=png&auto=webp&s=ba2f11a9317f8028adb35e9571739fc546b1b700) + +We're all just a bunch of smooth brained apes tryin' to get a couple wrinkles here. ✌ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢📦Don't Forget about the International Giveaway Contest!📢📦 + +3 lucky apes outside the USA will receive a Gamestop Limited Edition Bananya Cat, complete with red headband! + +https://preview.redd.it/wl6szt023ly61.png?width=1300&format=png&auto=webp&s=f9ca95e0cb395a7d36d0338dd32cf04ff1e34e23 + +# 💎🙌🚀SHOW ME THE MEMES!! 👀 + +**I want you to show me your best GME meme**!!! The 3 most upvoted memes from international apes will be declared GOAT and will finally be able to fill the little spoon void that your spouse left when they found out about your GME yolo. **I will ship it to ANYWHERE THE USPS SHIPS TO OUTSIDE THE USA!!** Free of cost, no rules to enter, just show me your best, funniest, most classic memes about the GME saga!! + +I don't care if they're video or image, just as long as they are OC and they don't break any sub rules. + +**This contest will run through Friday, May 14th at 3pm Eastern, at which time comments will be locked! Upvoting will continue through the weekend. Winners will be announced in the Superstonk Daily on Monday, May 17, 2021 and winners will be contacted via personal message for shipping information.** + +Again, there is no shipping cost or anything to the winners! And tbh, if I end up being able to order more that the 3 plushies, I will give more away to top winners, so stay tuned!! + +**I love this community of apes!! Y'all are like family and you all deserve a hug from a cute lil cat 😻🐈💖💖💖** + +*Plushies will not be shipped anywhere in the USA! The plushy is available online at* [*Gamestop.com*](https://gamestop.com/) + +*to USApes.* + +# [LINK TO THE MEME CONTEST IS LIVE NOW!!!!! LET THE MEMES BEGIN!!!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3) + +# Memes are not considered to be entered into the competition until they are posted in the giveaway thread (regardless of being posted on the main page.) + +*Addressing some FUD I've seen: Obviously by participating in this contest, you are willing to give an address for the prize to be shipped. There are many ways to safely get a package without giving your address. But I can't even afford to go visit my family out of state, I promise I won't show up in Germany or some shit unless it's post MOASS and I'm tryna buy a castle. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/bxe4r72sily61.png?width=554&format=png&auto=webp&s=5779082198c9d2274b6b172d274c2c70b660d290 + +**Be excellent to each other!!!** + +Be friendly, help others! + +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, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +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. + +[!apevote! for flair!](https://preview.redd.it/76m0p2rbsly61.jpg?width=850&format=pjpg&auto=webp&s=04688ef35c66d0876a678d99a7dcf424e0dd9f97) + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) 's Twitter or [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 's Twitter (below) to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +[https://mobile.twitter.com/redchessqueen99](https://mobile.twitter.com/redchessqueen99) + +[https://mobile.twitter.com/pinkcatsonacid](https://mobile.twitter.com/pinkcatsonacid) + +[SuperStonk. YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +# 🚨 ... AND VOTE!!! 🚨 + +**Don't forget to comment with !apevote! for your vote flair!!✅** + +&#x200B; + +EDIT: [Breaking News- IBKR changes its terms of service (in preparation for MOASS?)](https://www.reddit.com/r/Superstonk/comments/nahwr5/warning_ibkr_is_changing_its_terms_of_services_in/?utm_source=share&utm_medium=web2x&context=3) + +Mod comment from u/leaglese: + +*This post flair has been changed on the basis a lot of assumptions are drawn from the changes in this document.* + +*If you are unsure about a policy change with your broker, contact them to explain the changes.* + +*You are their client. Ensure to ask them what this means for your concerns before making any decisions to transition or leave them with apes on the internet, as they will know best.* + +*Not financial or legal advice.* + +# REMEMBER YOU DO NOT HAVE TO SELL YOUR SHARES WHEN YOU TRANSFER BROKERS! JUST A FRIENDLY REMINDER!! + +Talk to your broker about what's the best investment strategy for you! + +&#x200B; +The public school we send our kids to typically has quite the number of fundraisers. We are more than happy to support. I send my kids in with the money or place a order and call it a day. I also get in contact with the PTSA and fund other students fundraising because I believe low income students deserve to join in on the parties or activities that the other students are doing. +So for those with kids or those who plan on having kids:how will you handle school fundraisers/how do you handle them? Do you select the highest prize level,choose the one most students will be getting,not do fundraising whatsoever or something else? Just curious. +I'm sorry if someone else have already asked this question and I really don't mean start havoc but is there an actual case for Universal Healthcare (single-Payer variant) in the United States? Are there studies and well argued points for a single payer system that could be implemented. I hear both sides of the argument from rightists and leftists now I want to see if anyone of you guys who may be experts in the field of economics to provide your input on this subject. +To all the Euro apes, Asian apes ADU's (Apes down under, who already have been working a whole morning jacked). Here are some bullish bullet points about all the news that came out yesterday. But beware you could become too jacked. So all this is not financial advice. + +All the bullish news; + +\- GameStop had $1.28B in revenue, [beating the expected earnings](https://www.reddit.com/r/Superstonk/comments/nwd8ru/facts_from_692021/) of $1.17B by a big margin. + +\- GameStop had an adjusted loss per share of 45 cents vs. expected loss per share of 71 cents. Beating this too. + +\- New (ex-Amazon) CEO with a lot of experience to build even more awesome stuff! [Welcome Matt Furlong](https://www.reddit.com/r/Superstonk/comments/nw50qe/gamestop_announces_appointments_of_chief/) + +\- New (ex-Amazon) CFO, welcome Mike Recupero! + +\- Ryan Cohen is now officially the chairman of the board! + +\- Short squeezes get mentioned again in their [424B5 filing](https://www.reddit.com/r/Superstonk/comments/nw7we7/gamestop_lists_a_short_squeeze_as_the_first_item/). Yes you read that correct. That is multiple squeezes! Plural, so at least one still to come! + +\- The most important part, the total count of votes. You were not the only one disappointed, I can tell you that. But our wacko American ape brothers did the math. **THE NUMBER OF VOTES EQUALS THE ENTIRE FLOAT ON APRIL 14. THIS IS UNHEARD OF AND MEANS THE NUMBER IS NORMALIZED BY THE VOTING SERVICE AND IS NOT THE REAL NUMBER OF SHARES.** Thank you [u/imahoeforlsd](https://www.reddit.com/user/imahoeforlsd/)! [Source.](https://www.reddit.com/r/Superstonk/comments/nw9uq4/the_number_of_votes_equals_the_entire_float_on/) + +\- Why u ask? Well because **YOU CAN NOT REPORT AN OVERVOTE ON AN 8-K. PASS IT ON!** [Source](https://www.reddit.com/r/Superstonk/comments/nw8ak8/you_cant_report_an_overvote_on_an_8k_pass_it_on/). + +One more thing, did you see the drop in the After Market? Well they shorted every [ETF with GME](https://www.reddit.com/r/Superstonk/comments/nw6amn/every_etf_containing_gme_was_just_shorted_this/) in it. Every fucking one. Someone is very very desperate. Someone who likes lots of mayo. + +&#x200B; + +And besides all that bullishness this was stated in the GME 10Q: + +https://preview.redd.it/b1yef32gwd471.png?width=960&format=png&auto=webp&s=5b0288714c6b9e0f19d184e3537fa83c3e0cec43 + +The SEC has [requested](https://www.reddit.com/r/Superstonk/comments/nw5jh8/sec_apparently_is_investigating_trading_activity/) a voluntary production of documents regarding unknown info. What could that be about? Guess what, maybe about voting, a stop the count or to be blunt; a overvote because of lots and lots of naked shares? Who knows? But get your hats on and strap in because loads and loads of DD will be out the coming days and weeks! + +\- Back to [Elliot Waves](https://www.reddit.com/r/Superstonk/comments/nw84nw/elliot_waves_and_gme_why_tomorrow_should_be/), this ape doesn't understand a word. But also bullish. How much bullishness do we need? I can not be more jacked, can I? + +&#x200B; + +So spread this bullish news. Expect fuckery tomorrow (yes, today I know). And BUY THE FUCKING DIP! + +Per our new motto; BUY, HODL and BUCKLE UP! + +&#x200B; + +Edit 1: some formatting, because on mobile it is shit. + +Edit 2: I forgot to mention the possibility to a share offering. GME announced they, from now on, can issue another 5 million shares of their common stock. ONLY THE POSSIBILITY has been announced. Not that they are going to use it on the short term. They state that they will use this option if they need the cash. Guess what? THEY DON'T NEED IT RIGHT NOW, because of the earlier at the market offering they are flush with cash. + +Edit 3: you mad fuckers should be all awake by now. Why not buy some more? +[Listen to full episode](https://youtu.be/j-1MFpohVWU) + +Demetri Kofinas speaks with Lowell Randel, Vice President of Government and Legal Affairs for the Global Cold Chain Alliance, which serves as the voice of the cold chain industry, representing 1,300 member companies in over 85 countries. The two discuss the impact that COVID-19 and the government shutdowns have had on food supply chains, processing facilities, and the industrial farm sector. + +The COVID-19 pandemic has caused significant shifts in consumer demand away from foodservice businesses like restaurants and towards foot retail outlets like supermarkets and groceries. Food industry players are in turn looking to adapt, redirecting products originally destined for the foodservice sector to retail instead. This has created challenges for farmers that have led, in some cases, to the euthanization of livestock and the wholesale destruction of crops ready for harvest. +I am sick and tired of living paycheck to paycheck. I'm in my twenties, working in fast food. College doesn't fit my budget. I've skimmed online for "money making" videos, and most lead to nothing, and/or are clickbait. Does anyone recommend any sort of YouTube channel(s) or book(s) that'll give serious financial advice? Any help would be appreciated! + +I want to live in a nice house, in a nice location, and not have to worry about money all the time. It takes a toll on my mental health. + +(mods, this isn't a get rich quick question. Please let me know if I'm breaking any rules.) +It takes approx $3k/month to run my household. My oldest son died earlier this year and dealing with my current job makes my grieving worse. I want to go back to scholl for 1year to deal with everything & refine my skills. I have to work to pay the bills & eat like most. Living check to check like some. I need an alternate, legitimate, non-explotive way to make ends meet so I can resign tomorrow if it came down to that. Helpful thoughts, suggestions, brainstorming welcome🧡 Serious responses only please, I am in crisis. +Hi Folks! I recently wrote a blog post on my journey selling digital downloads On Etsy and I would like to share it with anyone that is looking into selling On Etsy. + +I also have a video version of the blog post which I go more in depth (19minutes).I do recommend reading the blog post first since is a overview cover which is roughly a 5 minute read. + +[https://issabeth.com/2019/01/11/how-to-make-passive-income-on-etsy-in-2019/](https://issabeth.com/2019/01/11/how-to-make-passive-income-on-etsy-in-2019/) +This post is to get us started in understanding and eventually influencing the proposed rule to place restrictions on DTCC governance. Just a nice walkthrough of what's the rule, why is it a big thing, etc. + +My previous posts on this: + +**The DTCC fighting external governance 2012-2016:** Superstonk/comments/wmhz6q/i\_started\_digging\_into\_the\_new\_dtcc\_loses\_its/?utm\_source=share&utm\_medium=web2x&context=3 + +**Hester Peirce fighting this rule right now:** Superstonk/comments/wmi4f6/hester\_peirce\_is\_mad\_about\_the\_new\_dtcc\_loses\_its/?utm\_source=share&utm\_medium=web2x&context=3 + +# TLDR + + On August 8th the SEC proposed a new rule, *"Clearing Agency Governance and Conflicts of Interest"*. This rule would force a majority of the DTCC's board to be independent and not have conflicts of interest with the corporation. Among other things it would empower us to find conflicts of interest in DTCC board members and report them to the authorities. These are good things. Curtailing the DTCC's "do whatever the fuck I want" status is a good thing. BUT, it does not go far enough. So, we can do two things: (1) we can show up in the comments and provide thousands of well-written arguments against what the DTCC wants, and (2) we can push for the rule to be strengthened. The core mission here is stop the DTCC from getting what it wants; the core mission is to make them feel our influence. \*We are here, and you don't get to do whatever you want any longer.\* + +The rule is long and complicated but we can ELIA it and then distill talking points for easy commenting. This post is the first in a series about the new DTCC rule that ratchets back its self-regulatory ability and will culminate in a post with everything you need to comment well on this rule. + +That said, this rule is big and has a lot of things in it. If we work together (apes together strong, after all), we can do a lot more. + +It is time to earn some wrinkles, my dudes. + +# What is this rule, anyway? + +The rule is called Clearing Agency Governance and Conflicts of Interest. The proposal caused a bit of a stir at first: + +https://preview.redd.it/60v3kkwexfj91.png?width=1080&format=png&auto=webp&s=1da0b34eb4218318e952046dc088f7149c089cba + +And it appears to be happening because of what happened to us: + +https://preview.redd.it/sy9q5tfbyfj91.png?width=722&format=png&auto=webp&s=fb6636f00c849a4dc04b72b4116f28be1862bcdd + +Here is the SEC's TLDR: + +https://preview.redd.it/04ye6ek5wfj91.png?width=899&format=png&auto=webp&s=954d10579f38c783f60dd5a1130d28b61868b43a + +What is a registered clearing agency, you ask? Here they are: + +&#x200B; + +https://preview.redd.it/5q9iak743gj91.png?width=615&format=png&auto=webp&s=719629c9c200b1bb1e13176ad4a0248f2c36911b + +TLDR FACT SHEET (2 pages): [https://www.sec.gov/files/34-95431-fact-sheet\_0.pdf](https://www.sec.gov/files/34-95431-fact-sheet_0.pdf) + +PRESS RELEASE: [https://www.sec.gov/news/press-release/2022-138](https://www.sec.gov/news/press-release/2022-138) + +RULE TEXT (174 pages): [https://www.sec.gov/rules/proposed/2022/34-95431.pdf](https://www.sec.gov/rules/proposed/2022/34-95431.pdf) + +&#x200B; + +This rule is a beast, so we will go through it one piece at a time. I have it printed: + +[LFG](https://preview.redd.it/ai64s4yzxfj91.png?width=582&format=png&auto=webp&s=26d6cb02d1b3e0f8fce5c894f31d1146ffd0e6d2) + +&#x200B; + +# What does this rule do, anyway? + +The rule says "you can't just put whoever you want on the board any more", and has a lot of changes to the way the organization is governed. + +The big ticket item is requiring the board to be majority independent. The other big thing is the "no more conflicts of interest" angle... we will have to figure out how many board members of the DTCC *currently* have conflicts of interest to see who would get immediately cut if this rule passes as-is. + +For any ape who wants to see which board members will get cut by this rule, here's the list... [https://www.dtcc.com/about/leadership/board](https://www.dtcc.com/about/leadership/board) + +A minimum of 34% will have to be independent, so that potentially means a lot of those people would be gone. Who will it be? Who will we report for conflicts of interest? + +&#x200B; + +**The Main Points** + +The first point seems desirable but may have a loophole in it: the majority on the board must be independent (yay!) unless... something to do with the voting rights and the shareholders of the DTCC. I don't know what these "participants" mean, so let's jot that term down for later. + +[Is a broker a participant? That doesn't seem right. Independent majority seems right.](https://preview.redd.it/vhf3qwd00gj91.png?width=793&format=png&auto=webp&s=94d8eab7e4098d92fe809cba6bebe06b9cd7b98b) + +&#x200B; + +Next, we have requirements for who gets to nominate people for the board. This seems like something we will want input about. + +[Who gets to decide who governs the DTCC?](https://preview.redd.it/85zisjih0gj91.png?width=808&format=png&auto=webp&s=0e089f85c6086d1a4773370b513402f7b48e6bcd) + +&#x200B; + +The third part of the rule is about the 'risk management committee', which must be the part that is completely fucking failing with rampant FTDs and apocalyptic systemic risk. Very relevant to GameStop. + +[What should this committee do? How should the DTCC manage its risk? I'll bet Trimbath has a few ideas.](https://preview.redd.it/0yx6ge9p0gj91.png?width=814&format=png&auto=webp&s=fe27faceb1a320081b95423de31506240c34de85) + +&#x200B; + +Fourth, we see requirements about identifying, mitigating, eliminating, and documenting conflicts of interest. There is a 100% chance the DTCC will want to write these themselves, so let's not let them do that. + +[You don't get to decide if you have a conflict of interest bro](https://preview.redd.it/eme08ghf1gj91.png?width=814&format=png&auto=webp&s=98eddb2a6f5d23b5023fc624ae52c155bf8a16f8) + +&#x200B; + +Fifth, we see policies and procedures that require directors to report potential conflicts of interest "promptly". This is a place we can insert ourselves into the process: we are good at looking up board members and finding conflicts of interest. We will want a process through which we can use our DD to burn away conflicts of interest when they inevitably arise. + +[\\"Promptly\\" is a lawyer word... the DTCC will probably want that out. ](https://preview.redd.it/lr8kooen1gj91.png?width=797&format=png&auto=webp&s=0a27f3d9752b1ea6ffb79c25bd24bb606b1ce359) + +&#x200B; + +Sixth, we have something I don't understand yet - "providers for critical services". Let's jot that down for later. Is this Citadel? + +[So many policies and procedures. Necessary but insufficient!](https://preview.redd.it/41nacm0y1gj91.png?width=776&format=png&auto=webp&s=4f66c61208dc3fc0b3f92bd08fef9452660e40af) + +&#x200B; + +And finally, we have a requirement to solicit, consider, and document the DTCC's "consideration of the views" it receives about its governance and operations. I would want a public record of problems, and I hope "other relevant stakeholders" includes "everyone who uses the markets that are at the DTCC's mercy". So let's jot that down, and see if that is what this means. If it isn't in the rule, we should put it there. + +[Are the people who get fucked by the DTCC \\"stakeholders\\"? If not... why the fuck not?!](https://preview.redd.it/313660q32gj91.png?width=776&format=png&auto=webp&s=a3cc780034286f1aae0caaddb40cc631aeefd8b7) + +# + +# The Actual Introduction + +Can you believe we aren't even at the introduction yet? LOL + +I'll save you wading through all the jibber-jabber about how great this rule is, because we have our own priorities. The first big point is, I think, when they start talking about the existing rules governing clearing agencies: + +*"...the Commission adopted a series of clearing agency governance requirements. In 2012, the Commission adopted a general governance rule for all registered clearing agencies (that are not covered clearing agencies) under Rule 17Ad-22(d). In 2016, the Commission adopted a governance rule under Rule 17Ad-22(e) as part of its heightened standards for covered clearing agencies, defined as a registered clearing agency that provides the services of a central counterparty or central securities depository.* ***The Commission took a broad, principles-based approach in the design of both rules, and emphasized that governance remains an area of continued consideration and interest, with the goal of establishing an evolving regulatory framework for clearing agencies.****"* + +Focus on the bold part. Translated, this means "we were super vague and didn't do much at the time, but we said we'd work on it some more later on", aka "we let the clearing agencies reduce these rules to jack and shit and kicked the regulatory can down the road". + +I covered some of these rule comment shenanigans in a previous post Superstonk/comments/wmhz6q/i\_started\_digging\_into\_the\_new\_dtcc\_loses\_its/?utm\_source=share&utm\_medium=web2x&context=3 + +...and this is referenced again near the end of the intro, on pg 10: + +[page 10](https://preview.redd.it/xy4gbrvs3gj91.png?width=804&format=png&auto=webp&s=4a9c12e90ec203deb64b4ba0119eb2f48142fcc5) + +Back in 2016, the SEC passed the first set of rules setting out standards for clearing agencies. The clearing agencies, of course, were all up in those comments arguing strongly to weaken the rule. They succeeded, and the standards and rules governing them were watered down. This is what is meant by "broad and principles-based": the rules were made vague and non-binding. The SEC says it intends this time to be different. Now we have more concrete rules. OK, let's push. We'll see ... and make sure things are strengthened rather than diluted. + +The next important thing comes just after: + +*"...the rules are designed to take a* ***multi-layered approach*** *to governance in that one rule alone would not necessarily capture and address an issue relating to governance; each of the different rules proposed today would provide one additional mitigation layer to help ensure that registered clearing agencies are designed, managed, and operated under a robust governance framework to protect investors and the public interest and help promote the prompt and accurate clearance and settlement of securities transactions."* + +Critically: + +https://preview.redd.it/3gj1ldii4gj91.png?width=834&format=png&auto=webp&s=b515265bc9a6b34795957c075584c027224cff43 + +This phrasing, to me, seems important for one reason: it is a place for lobbyists to insert themselves in the process. They can argue that the *other* "mitigation layers" (parts of the rule) do the job just fine, but *this one* (whatever they want to remove) is unnecessary. Each layer is good "by itself", right? + +&#x200B; + +# The Upshot + +The DTCC and other clearing agencies are facing increased governance and independent oversight. They will fight it to keep things the way they are. We can support this rule, enhance it, and push back in a very public way. The next post I write will probably be in the "Know Your Opponent" style. We know what the big boys said last time they were threatened with regulation, and we know what Hester Peirce is saying now. Examining those lines of attack will help us frame our own arguments to support and change this rule. + +Keeping educating yourself, keep reading, stay mad, stay motivated. I'll be making other posts as we go. This will take time... but then, all the best things do. Showing up and doing something the DTCC really feels will be an important step forward. A good brick. +I have been looking at Rent to Retirement’s website and business model for a while. I even spoke with Zach a while back to learn more. Looking at the numbers, it’s not clear to me how it works. + +If these turnkey properties cash flowed so well, why wouldn’t Rent to Retirement hold on to them? Understand they seem to price them substantially higher than market value and also collect property management fees on an ongoing basis, but am I missing something? I am worried that something like this could turn out to be a Ponzi scheme... +Long story short I have $60,000 saved and liquid, I currently have $50k in student loan debts (I qualify for $20k I forgiveness if it even goes through) but prepared to pay off good chunk when unfrozen. Maxed out HSA, Roth IRA and contribute 8% to 401k. My living is currently paid for by the company I work for, only expenses besides food is phone bill and car insurance ($175/month) but I work out of town and getting sick of it. Possibly looking to switch careers soon. What other things should I be doing besides continuing to max my retirement accounts? +I don't know if it's just because profile photos are attached to their posts or if they are actually just dumb as fuck + +For some reason even though you're all retards over here you still sound 100x smarter +Expected Utility or Expected Value theories seem inapplicable. They are used to calculate the value of a bet over many repeated bets. Hence they are useful for casinos, and companies that issue lottery tickets, to calculate the fees for their services. + +But if I am facing a one time choice between A and B, such that: + +prob(A)=10%, + +prob(B)=90%, + +payoff of A = 120$ + +payoff of B = 20$, + +which choice is rational? + +EV= 0.1\*120 + 0.9\* 20 = 30$. All it tells me is that, if I was to play this game 100 times, the return per game will be 30$. So, if this bet had a fee, I'd never pay more than 30$ for it. Alternatively, I'd take 32$ for certain, each time, rather than engaging in that gamble. + +But if I need to pick between A and B, and only once, which theory in economics will help me to make that choice? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Thank you in advance for your participation. Enjoy! + +I live in a duplex, and leased one unit out to tenants. Well, I’ve been living elsewhere recently after one of my tenants with a history of arrests for assaults—including assault with a deadly weapon—went ballistic on me. + +I used Zillow’s background check to screen my tenants last year and what a total joke their screening is. The tenant that Zillow’s background check told me had a 755 credit score, 100% on time payments, and no evictions, in reality, has an eviction from 2019 with a $4k+ default judgment, multiple arrests with convictions prior to moving in, and since moving in, has gotten arrested a bunch of times and now has two active bench warrants out against him. And those are just the court records I was able to find by manually searching court databases. The other tenant? Served jail time for meth possession with the intent to distribute. + +Zillow’s response when I asked them how they missed multiple data points that are extremely valuable in the screening process? First, they tried to shift the blame to the third party vendor that did the check, Checkr. When asked why the prior eviction didn’t show up, Checkr said that they have no record of my tenant even living in New Jersey, which is where the eviction was filed. Meanwhile, a simple google search of this tenant shows multiple New Jersey addresses. Not only that, one of the prior addresses listed in his application was a New Jersey address, and he’s been arrested multiple times in New Jersey. + +After I tried to point out to Zillow that it’s their platform that I was using and they should take at least take some responsibility, they started trying to incorrectly argue that if I’d used the prior eviction and criminal records to reject my tenants’ application, I would have violated Philadelphia Fair Housing law. I guess in Zillow’s mind, a background check giving green flags is the same thing as one that indicates that the tenant isn’t a good fit holistically or that additional research needs to be done on the tenant or that safeguards like requiring a larger security deposit need to be put into place. + +$10k+ in lost rent so far thanks to the extremely slow eviction process in Philadelphia and things are about to get worse given that the alias writ has been filed, they’re still not moving, and they have nothing to lose. + +Instead of using Zillow, I might as well have pulled some drug addicts off the street and moved them into the newly renovated unit with brand new appliances in my $500k+ duplex. I’m not even going to get started about the chaos and disturbance them and their friends consistently cause. Or the unauathorized pit bull they moved in that has prevented me from going into the unit and has created safety concerns for me. + +I’ll admit that lessons were learned on screening through this. Specifically, missing falsified pay stubs from a job my tenant was fired from. And not realizing that when the management company they rented to prior to this said no money was owed and no eviction had been filed was likely the result of either a cash for keys agreement or eviction moratorium related reporting restrictions. + +The bottom line is that Zillow’s background check was completely non-functional and from my experience, cannot be relied on. +I had initially done my analysis on MA at the beginning of August at $349.01. This is what i had found: + +\-11% Insider ownership + +\-19.38% CAGR in EPS for the 10 year period ending 2021 + +\-81.92% Avg R.O.E for the 10 year period ending in 2021 + +\-Would take 1.5 years to pay off all long term debt compared to prior years earnings + +\-bought back 292M shares over the last 10 years + +\-They are free to adjust their rates with inflation as Credit has become more of a necessity in society since the introduction of credit cards (consumer debt likely isn't going anywhere in the next 10 years) + +\-Initial rate of return (at $349.01 was 2.50% with an annual earnings growth rate of 19.38%) at current price level IRR would be 3.02% (10 Year T-bills are currently at 3.94%) + +\-10 year Avg P/E: 35.88 (current 29.34) + +\-10 year Avg P/B: 30.98 (MRQ from yahoo is 44.80) + +\-Using the previous earnings growth rate and P/E the 10 year forward projected stock price is around $1847/share (assuming no splits) which would net an average CAGR of 18.13% in price appreciation over that forward 10 year period. + +So to me, with the exception of the current P/B MA is looking like a great long term buy at the current price point. Anyone else have anything to add? anything else I should've looked at or factored in? would love to hear some feedback. This is a more condensed version of my analysis but i feel all the key points are there. + +* I would like to thank everyone who’s picked apart my analysis and pointed out all the flaws, This was very helpful and I know I have much more work to do before deploying capital outside of ETF’s* +I know this is old news, but just in case I thought I'd post a warning. + +Yesterday I noticed a pending charge for a single penny from something called "Cprint LA". Naturally I was curious so I googled them and it's apparently a textile printing service, which I would have zero business with. + +So I went ahead and blocked my card intending to notify my bank when I had a break from work. Work got busy and I just kind of forgot about it. The next day I received a text from my bank informing me that my debit card was denied a transaction in the amount of 2500 dollars for a company called "Nebotools" because my card was locked. Coincidentally, that's the maximum purchase allowable without calling the bank first. So I went ahead and cancelled my card and ordered a new one. + +I'm not sure if the current state of the economy will result in increased scams, but keep an eye on your accounts. If your bank has the option, I'd recommend setting up text notifications for every time your card is used. That way you'll know immediately if someone uses it. +Let me preface this by saying that although about 110% of my income goes to bills, only about 90% of my husband's income goes to bills (this is an ongoing point of contention), so our family isn't at risk of being homeless or starving. + +Yesterday was my step daughter's 12th birthday. Between everyone in her families, she received $540 in just cash. I was so happy for her as she proudly counted it out in front of us last night, but it also made me want to cry. What kind of life am I living that my dependant has more money than I do? + +I'm so ashamed of my financial situation that my husband is the only one who knows how bad things are so I just needed to get this off my chest. While it is crushingly depressing, I have never been more motivated to get my finances under control. +Hi All, + +So from my previous post I was in 2 minds about what funds and trusts to go with and taking in to account everyone’s advice I have now decided to get in to the following - + +SMT - 70% +Baillie Gifford Pacific fund - 15% +Baillie Gifford health innovation fund - 15% + +I have a 212 isa atm and decided to dump in 6k in to SMT at 1140 when it dipped, once the new tax year happens I’ll be using H&L to pay the £1.50 regular investing charge and the funds are free in the S&S isa and happy to pay the capped £45 charge a year just for security and customer service, my plan is to invest in £1000 a month with the above percentages and being with H&L it’ll definitely help with the mindset of not timing the market but actual time in the market. So I’ve given a breakdown of why I’m going in to the following so it can potentially help others who are looking in to getting in to it in the future + +SMT 70% - I like the combination of Tom Slater and James Anderson, listened to their recent podcast and like their ideas of going in to Space X and Stripe (online payment company) there pretty much on par with the things that I feel are good calls and potential growth in the future over the next decade, an example would be them minimising the amount of Tesla in the portfolio from around 11% to 5% and not being their top holdings, I personally feel there isn’t that much growth compared to what happened in 2020 with them going forward, they might hit a 1000 this year but won’t be the 700% growth they got last year and way overvalued, looking in to their rebalanced portfolio they seem to be going in to more the ARKG methodology with moderna and illumina which I like but they’re also in Tencent, Ali baba and amazon which I can’t personally see be overtaken but could be wrong. Amazon might have some more growth in the near term with Jeff bezos stepping down and potential opportunity for a share split which could drive up the price more like apple and Tesla which did well. This has the diversity with EV, Genomics and Tech I like so will be the main catalyst of my portfolio.I did look in to the positive change fund but like the un listed equities which SMT gives. + +Baillie Gifford Pacific fund 15% - + +Now this idea was from my other post as I initially wanted to go in to PHI but there’s ridiculous premiums on it at the moment and pretty much the same exposure with Sea and JD.com. I decided to go with the fund instead! I like these companies going forward as I feel JD will be the amazon of China and want exposure to it and Sea is a whale in the making with the e-commerce business in Southeast Asia market and room to grow in to these developing countries. + +Baillie Gifford Health innovation fund 15% - + +So I’m a keen believer of ARKG doing well over the next 10 years when Covid calms down and think genomics will be the big thing so wanted exposure to it, companies like teladoc, m3 and more exposure to moderna and illumina I feel will do well and I like that Baillie Gifford see that also so had to add this in. + +Hopefully this helps people and happy to hear any feedback you might have to further improve it. I know it’s quite baillie Gifford intensive but I think they’re a step ahead of anyone in the game and hopefully I’m right in to 10 years lol +Hope this is an appropriate sub for this. + +This money has already been paid if that makes a difference. + +My friend was enrolled for 4 or 5 classes, and she wasn't sure she could complete the semester for personal reasons. Her professor advised her to just stay for a couple of weeks and take it from there, but that there would be no financial penalty for dropping. She dropped during the second week. + +It turns out that the school charges a percentage of the tuition even if one drops during the first week, and it gets progressively higher for each week. She now owes around 8k for the semester she dropped. She's been back and forth with admin and they have offered a small refund to be distributed over the remaining semesters (which in my opinion, have extremely high tuition). Her professor submitted in writing that she was advised it wouldn't cost anything to drop in the first two weeks. + +Can she do anything else to help this situation? +I cannot stress this enough, Gamestop wants YOU to create something special, unique, and something that will retain value and attract other likeminded creators to contribute something that will be equally valuable based on the merits of the creators and not flashpoint Superstonk meme culture moments. If all you do is submit JPEGs of Ken with a melty face or mayo jugs or dumb shit like that it's gonna bog down their ability to select creators who might have something to contribute--like, I dunno, actual playable games or music or other content that matters to the person submitting it? Have some discretion please, and remember just like when Gamestop's Discord server opened, it's not just for Superstonk Apes. It's for EVERYONE. Gamestop is creating an entire new digital world of finance and goods and services--let's do our part to inaugurate it properly and not treat it like a meme garbage disposal. +So including tax, what do y’all think is the golden number to be able to live off just the dividends from your investment? 500k? 1 million? 2 million? Let’s say for about 50-60k yearly +I remember seeing Fevikwik for the first time as a child(Kolkata around 2005-06) with the same per gram price as today(2 sizes- 0.5/1g @ Rs 5/10). Even 15 years hence, we're yet to see it's price change. How is Pidilite able to mark the same price(without reducing weight) after inflation? + +One possibility: Has the demand for it grown exponentially every year to justify the fixed price? +GME millionaires will be mostly your average people. Most probably don't come from money. Most probably working a dead end job just to survive. GME millionaires will be the people who give back to their communities, help out kids or adults who are struggling to get by. The world will have never seen anything like what GME holders will give back after the MOASS, mark my words. + + +In David Attenborough's latest documentary: A Life On Our Planet, he touches on the idea of people investing in their future but most often, those investments don't ensure that there is actually a future to be had. + +Obviously, we are all investing in the hopes of having a more financially independent future. We want enough currency to live the life we choose. + +But since seeing the doco, I've been pondering more on whether the companies and index funds I invest in, in the hopes of having a better future, actually contribute to their being an actual future for me and others to enjoy or for the future to be of a higher standard than is currently experienced, both technologically and environmentally. This also includes what our superannuation funds are being invested into. + +Is this something you take into consideration when choosing your investments? +Do you think of the ethics and sustainability of a company or index fund before you support its growth with your money or are you more interested in getting the biggest return on your investment, regardless of the impacts it has on the Earth and it's/ our future? + +I hope this to be a conversation, not an attack. Anyone who just wants the biggest returns, what are your thoughts/ beliefs that make you feel little regard for a companies impact on the environment? + +Thank you for the discussion. +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 ❤ +I lost my food job because of COVID and I've been collecting unemployment. I have ~$6,000.00 in savings right now. I've been waiting to find a job again because what I'm collecting now in unemployment is much more than what I'd be making if I got a non- food job in my area, plus I don't want to put myself at risk of getting sick until I've collected as much as I can from unemployment. + +I can't shake the thought that the next few months are going to be very difficult financially since it's looking like the US economy could collapse soon. Besides having a decent savings account, what are some things I could be doing now to help myself later on when I'll be really tightening my belt? I need some serious "life is about to get 10x harder" tips. +EDIT: View Part 2 HERE (https://www.reddit.com/r/Superstonk/comments/rp585d/the_slabs_rabbit_hole_part_2_conflicts_of/). And Part 3 HERE (https://www.reddit.com/r/Superstonk/comments/rpcyt6/the_slabs_rabbit_hole_part_3_revenge_of_the_slab/) Part 4 HERE (https://www.reddit.com/r/Superstonk/comments/rpu2eq/the_slabs_rabbit_hole_part_4_return_of_the_slab/) and Part 5 HERE (https://www.reddit.com/r/Superstonk/comments/rq6vmi/down_the_slabbit_hole_part_5_the_federal_reserve/). You can read my DD about Auto Loan Asset Backed Securities (ALABS) here (https://www.reddit.com/r/Superstonk/comments/rqle93/the_big_short_again_auto_loans_bubble_edition/). + +Holy shit. This could be the missing piece to the puzzle. The subprime mortgage backed securities of 2021. Here we go. (This is my first DD: please excuse any cohesive or organizational errors.) + +*Note: I was inspired by* [*this post*](https://www.reddit.com/r/Superstonk/comments/romtv4/this_is_even_larger_than_the_big_short/) *and* [*this post*](https://www.reddit.com/r/Superstonk/comments/qlipam/yesterday_weve_had_notice_of_a_cmbs_downgrade/)*. Please check them out.* + +The theory: Student Loan Asset Backed Securities (SLABs) have become the new collateral in place of subprime mortgage backed securities. And this situation may be even worse. Here's why. + +After mortgage backed securities shit the bed in 2008, funds needed another form of collateral to support their dogshit wrapped in catshit. Enter SLABs. They're exactly what they sound like: securities based on outstanding student loans. These loans are then packaged into tranches and sold to investors (Sound familiar?). However, I am of the opinion that these SLABs are drastically overvalued (Sound familiar part 2?), and this has been compounded by the Covid-19 pandemic. + +Student loans, by US law, are very difficult to discharge. (And yes, private SLABs that don't adhere to federal law exist, but federal loans make up 90% of all student loans). By law, you have to prove in a court that the loan will cause you an 'undue hardship on you and your dependents' if you wish to discharge it completely. This is very vague, and I am under the impression that most judges will not even consider these cases as it was your choice to take out the loan in the first place: you knew the risks when you decided to go to that 80k out of state school and get a philosophy degree. Proving something ambiguous like this beyond reasonable doubt is not easy. Even defaulting doesn't help - a portion of your income will be taken until the loan is repaid. What is the effect of this? Well, these SLABs became very, very strong collateral. And until now, they were. But we'll get to that in a minute. + +These loans were so strong that you have probably noticed their effects without realizing it. Just look at how high college tuitions have risen since 2008. In fact, compared to '08, tuition has increased a whopping *54.4%* according to the Bureau of Labor Statistics. + +https://imgur.com/PzyNQSt + +And just look at the average student loan balance per borrower since '08. Nearly *double.* + +https://imgur.com/z13ZPYa + +It makes sense why these values have shot up: because these SLABs are difficult to discharge and are thus very robust, they are valuable and companies want *as many loans taken out as possible.* Therefore, increasing college tuitions drastically to cause more loans to be taken out was a logical step. This was all working fine until one year changed everything. + +Enter, 2019. The pandemic completely bends the economy over. Well, one of the ways that politicians decided to stimulate the economy and stave off the effects of a crash was to start implementing student loan forgiveness. Sounds great, right? Well, not for the people using these loans as collateral. These policies immediately caused a decrease in the value of these SLABs as collateral, as there was unsurety of payment. And what happened again recently? Yup, student loans postponed again. And we all know what happens when the underlying securities lose value. This should be sounding familiar. These funds will start trying to offload these SLABs while they still have some value, and the bubble begins to burst. + +Now, let's get even more technical. Let's talk about income-based repayment plans (aka Pay As You Earn, or PAYE). The graph below should explain further. [***The pdf from which I got it is linked here: it is very enlightening, and it goes into much more depth on this topic. I would HIGHLY recommend you check it out.*** ](https://www.hvst.com/attachments/2767?download=true) + +https://imgur.com/a/3biEsRH + +Woah, what does this mean? I'll try to simplify the best I can. The IBR stands for *Income Based Repayment.* This is just another way to say a PAYE payment plan. You can see these increase exponentially after '08. This may seem like a good thing, as paying percentages of loans based on income does in fact decrease the chances of a default, as you are not 'biting off more than you can chew'. However, this had severe unintended consequences. Now, loans take much longer to pay off: in fact, it is highly likely that these loans will not be repaid until well after the final maturation date of the original loan. Essentially, this is another contributing factor to the decreasing value of using these SLABs as collateral. + +Some other quotes from this PDF that I found notable. + +*"The deleterious credit underwriting standards during this time \[2003-2008\] was not exclusive to the subprime mortgage market. In hindsight, we are seeing that credit scores did little to forecast repayment"*. Here, they basically say that the same thing with faulty ratings was happening to SLABs as was happening to subprime mortgages. I believe this practice has continued into 2021, as we haven't seen SLABs have the same drastic loss of value as subprime mortgages (yet...). + +*"If a downgrade were to occur, the funds owning these notes would likely be inclined to sell as their fund must hold AAA-rated debt."* Holy shit doesn't this sound familiar? Ratings agencies have incentive to rate these tranches AAA if they are going to sell at all. Well, like I mentioned before, these SLABs are about to eat it, and they maybe already have. It's literally 2008 all over again, corrupt ratings and all. + +But why did I say it may be even worse? Well, with the housing crisis in 2008, there was still some sort of physical collateral to offset potential losses. *Repos*. Well, even though most of you guys snort crayons all day, I'm sure you're smart enough to realize that you can't repo a gender studies degree. There simply is no physical collateral. Because of this, funds do NOT want to get stuck bagholding, because they can't screw over the people who took out the loan in the first place to get some of their money back. This will make the bubble absolutely implode on itself. + +In my mind, this relates to GME because as soon as funds start fighting each other and going bankrupt, short positions will inevitably have to close. + +Obviously, this theory is just that: a theory. Again, this is my first ever DD, so I apologize for any missed information. Hopefully even wrinklier brains can take over my train of thought and really crack this thing open. Or, you guys could prove me wrong and it could be a total nothingburger. Either way, I'd appreciate some community crowdsourcing to really get to the bottom of whether funds have been doing this and whether it poses a significant risk to the economy. I believe this collateral market specifically is worth looking into because of the sheer amount of money involved. $1.6 trillion total in student loans in the USA. + +Edit: for some reason my pictures got messed up. Maybe someone can tell me how to fix? Don’t really want to repost. Tried editing them in again on PC to no avail. Gonna try to embed imgur next. + +Edit2: I’ve been getting lots of great comments about the legal aspect, and how beyond reasonable doubt is only with criminal trials. However, the thesis remains unchanged in my opinion. It’s still VERY difficult to discharge these loans, as you still have to show ‘undue’ harm. It’s hard to argue something is ‘undue’ when you could’ve gone to a cheaper school, could’ve tried to get a higher paying degree, could’ve got a second job, etc. + +Edit3: Holy shit. I’m already getting some more great info from comments. Expect a part 2 soon. +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 understand CC rewards and credit scores are not the cornerstones of personal finance. But this one is personal: + +As a freshman in college, I found out my parents took out credit cards in my name and maxed them out. It was a shit show. However, while they did something terrible I understand their reasons (survival -- they were hopeless). This left me with $3,000 dollars of credit card debt. During undergrad and grad school, I could never pay these off and kept sending $50 to the banks each month just to keep them from going delinquent. Sometimes, I missed payments. + +In another post, I explained how after grad school I was able [to pay off all my debt and raise my score from 590 to 705 in half a year](https://www.reddit.com/r/personalfinance/comments/54qsmw/this_summer_i_paid_off_all_my_cc_debt_raised_my/). Hallelujah! + +So I started doing what I always wanted to do: use credit cards responsibly. Moreover, **I was on a mission to earn the money back that I had to pay in interest all those years.** I closed most of my old cards as they also had annual fees and no perks but kept my Discover card. I was able to upgrade it to Discover It immediately and start earning a percentage back. I was surprised only a couple months later when I got a pre-selected letter for the Citi Double Cash Back card. I signed on. I also became an avid fan of [NerdWallet](https://www.NerdWallet.com) reviews and other blogs about the best rewards cards and how to use them wisely. + +Here's the breakdown of my crusade: +----------- + +[Discover It](https://www.nerdwallet.com/card-details/card-name/Discover-It) ------------------------- $147 -- % back. + +[Chase Freedom](https://thepointsguy.com/2016/04/chase-sapphire-freedom-unlimited-power-duo/) --------------------$313 -- Worth in points. Signup bonus + % back. + +[Chase Saphire Prefered](https://thepointsguy.com/2016/04/chase-sapphire-freedom-unlimited-power-duo/) ------------$600 -- Worth in points. Signup bonus + % back. + +[Citi Double Cash](https://www.nerdwallet.com/card-details/card-name/Citibank-Double-Cash-Card) --------------------$350 -- 2% back on everything. This is my catch-all card. + +[Hilton Honors](https://www.valuepenguin.com/hilton-hhonors-credit-card) -----------------------$400 -- [Value of 80k points](https://thepointsguy.com/2017/06/june-2017-monthly-valuations/). Signup bonus. + +[Bank of Amer Cash Rewards](https://www.nerdwallet.com/card-details/card-name/Bank-of-America-BankAmericard-Cash-Rewards-Visa-Signature) ------ $150 -- Signup bonus after spending $500. + +Amazon store card ------------------$40 -- Signup bonus. I wanted to pre-order Destiny 2, sue me. + +Chase Banking Account -------------$200 -- This wasn't a CC but I got $200 for moving to a Chase account. + +------------- + +So that's where I stand right now. It's important to note that I always pay my credit cards in full each month. And while I know my credit score could be higher if I was letting my average credit history grow, I'm happy with it in the 700s at the moment. I imagine soon I'll end this crusade and cancel the sign-up bonus cards. At that time, I'll cozy up to my Double Cash Card and spend a life together. + +------------- + +**edit** + +1. I've gotten some messages that I'm likely just letting my spending creep up to meet these goals. This is *absolutely* something people should try to avoid. Personally, I track my monthly spending for each category and set goals of what I want to spend in each per month before looking for CCs. This helps me avoid spending more just to make a reward bonus. + +2. Bank bonuses! I forgot to mention I switched to a new bank for a $200 credit. Haven't spent a dime there either, just needed to set up a direct deposit with Chase. + +**TL;DR** I spent years in CC debt due to my parent's fuck up. I paid them all off finally a year ago and have comitted to being a wise CC user. Without increasing my spending, I started taking advantage of every CC signup bonus, CC % back, or checking account signup bonuses I could to get that money back. +So what are some great tips to beginners on how to start and make a good dividend portfolio? What are some of your favorite stocks that have dividends? How did you build your own dividend? And how long did it take to make a decent profit every month? +A gist of what he said: + +1. His kids were not interested in stocks but are hooked onto cryptocurrencies, and the government has to respect that, and develop a positive outlook. + +2. While scams and fraudsters must be cracked down, the general market must be allowed to develop. A working group of SEC, FINCEN, CFTC and other group members are working on identifying scams in this space. + +3. When asked if Crypto has any "intrinsic value"? - There is an intrinsic value and relation of the value of bitcoin and the cost of mining it. + +4. Price of Bitcoin is just one publicly traded company like McDonalds. In comparison, global money supply is 7.6T. And since Bitcoin has been compared to digital gold, value of all gold in the world is 8T. + + +5. HOLY SHT.. He just mentioned "HODL". Hahaha - According to him its "Hold on for dear life". + +"We must crack down hard on those who abuse our young enthusiasm for bitcoin and blockchain technology" + +"We owe it to this new generation, to respect their interest in this new technology with a thoughtful regulatory approach." + +---- + +In the middle of all this Senator Brown was constantly bashing banks, a topic un-related to all the discussion. Apparently banks have had 80+ violations in the recent months. Lol + + +----- +Other points: + +- No of times drug dealing mentioned in the proceedings = 0 + +- No of times terrorism mentioned in the proceedings - Venezuela Petrocoin and Russia Cryptorouble (and North Korea) were discussed - they were seen as ways these countries could use crypto assets to skirt US sanctions. Though the SEC chair addressed that there was not much they could do, but are working with Feds and the treasury. + +- "illegal transactions" was discussed, and the steps taken to combat misuse of crypto. + + + +##Update: + +This is another Nebraska Legislative hearing on Bitcoin bill which is live now: + +http://netnebraska.org/interactive-multimedia/government/legislative-hearing-banking-commerce-and-insurance-room-1507-55 + + +I get why everyone seems focused on a market crash or a market correction. When the market seems to do too well compared to the news and the headwinds people doubt their decisions resulting in missed opportunities and lost profits + +Honestly this is why it’s important to keep perspective through all the noise +I'm asking for a very close family friend who knows very little about this stuff. Any advice would be really greatly appreciated. + +Bank has given 6 months to pay off the remainder of the mortgage for around 80k. If push came to shove I think they could pay off roughly half. + +I don't think she can get another mortgage at her age and doesn't want to be forced by the bank to sell. self-employed too which might affect the chance of mortgage. bank has refused alternatives. + +The mortgage is in the late husband's name. +Your favorite birthday present is a gift card to a dentist. Giddy with delight at the thought of getting your teeth drilled and filled. 8 fillings and 1 extraction later i am smiling as much as the novocaine will let me. Thank you grandma, love you. 😁 +Honestly these seem like the only ways to reach financial independence. +That's the majority of people posting on here I feel. + +For them quite frankly there making so much that they'd achieve financial independence passively as long as they don't spend stupid amounts of money. + + + +I want to hear from some firefighters, teachers, hotdog stand owners, plumbers and nurses. Common people making 5 figures. + +(I'm a civil engineering student for those asking btw) + +How has your FIRE journey been and what do you do differently? + + + + +Edit: Nursing is awesome. +# If you lose your job or have your hours cut + +Read __*[Be prepared if you're resigning or quitting, have been fired, or are being laid off](https://www.reddit.com/r/personalfinance/wiki/leaving_job)*__ from the PF wiki. + +In particular, if you were laid off or fired, [apply for unemployment](https://www.thebalance.com/how-to-file-for-unemployment-benefits-online-2064123) as soon as you can assuming [you were not fired for misconduct (i.e., terminated for cause)](https://www.thebalance.com/can-i-collect-unemployment-if-i-am-fired-2064150). The entire process can take weeks so do this as soon as possible. + +# [Please also see our Coronavirus Megathread](https://www.reddit.com/r/personalfinance/comments/fhrfqo/coronavirus_megathread_resources_discussion_and) + +# Location-specific information + +If you're outside of the US, please see our **[country index](https://www.reddit.com/r/personalfinance/wiki/country_index)** and check for a megathread or resources on a country-specific subreddit (if available). + +This list of resources and links is originally based on [this submission](https://www.reddit.com/r/povertyfinance/comments/fkttsv/a_full_exhaustive_list_of_american_unemployment/) from /u/bigdamncat and [this comment](https://www.reddit.com/r/personalfinance/comments/fhrfqo/coronavirus_megathread_resources_discussion_and/fkfh4va/) from /u/ryuukhang and we're making updates as more information becomes available. + +Location | Links +-|- +Federal | [U.S. Department of Labor Announces New Guidance on Unemployment Insurance Flexibilities during COVID-19 Outbreak &#124; U.S. Department of Labor](https://www.dol.gov/newsroom/releases/eta/eta20200312-0) +Alabama | [Alabama Department of Labor - COVID-19 Resources](https://www.labor.alabama.gov/covid19resources.aspx) +Alaska | [COVID-19 links](https://labor.alaska.gov/COVID-19.htm), [Coronavirus (COVID-19) Resources for State of Alaska Employees](http://doa.alaska.gov/dop/directorsOffice/covid19/) +Arizona | [COVID-19 &#40;Coronavirus&#41; Information &#124; Arizona Department of Economic Security](https://des.az.gov/services/coronavirus), [Unemployment - Employer &#124; Arizona Department of Economic Security](https://des.az.gov/services/employment/unemployment-employer) +Arkansas | [Arkansas to help people get unemployment during covid-19 pandemic &#124; thv11.com](https://www.thv11.com/article/news/health/coronavirus/arkansas-to-make-it-easier-to-apply-for-unemployment/91-7bc702a3-5c43-4f20-9bb1-be55633f252a) +California | [Coronavirus 2019 &#40;COVID-19&#41;](https://www.edd.ca.gov/about_edd/coronavirus-2019.htm), [How to File for Unemployment in California During the Coronavirus Pandemic &#124; KQED News](https://www.kqed.org/news/11806938/how-to-file-for-unemployment-in-california-during-the-coronavirus-pandemic) +Colorado | [Colorado workers affected by COVID-19 closures eligible for assistance](https://www.thedenverchannel.com/news/coronavirus/colorado-workers-affected-by-covid-19-closures-eligible-for-assistance) +Connecticut | [File for Unemployment Benefits - Connecticut](http://www.ctdol.state.ct.us/UI-online/index.htm), [Unemployment Due to Coronavirus](http://www.ctdol.state.ct.us/UI-online/unemployedduetocoronavirus.pdf) +Delaware | [The Delaware Department of Labor Expands Unemployment Benefits to Workers Affected by the COVID-19 Pandemic - State of Delaware News](https://news.delaware.gov/2020/03/17/the-delaware-department-of-labor-expands-unemployment-benefits-to-workers-affected-by-the-covid-19-pandemic/) +Florida | [Governor: Florida workers need immediate economic relief](https://www.wctv.tv/content/news/Governor--Florida-workers-need-immediate-economic-relief-568874841.html) +Georgia | [NEW Information for filing for unemployment, mandatory filing by employers for partial claims, and reemployment services &#124; Georgia Department of Labor](https://dol.georgia.gov/blog/new-information-filing-unemployment-partial-claims-and-reemployment-services) +Hawaii | [Department of Labor and Industrial Relations &#124; News](https://labor.hawaii.gov/blog/category/news/) +Idaho | [Idaho Department of Labor](https://labor.idaho.gov/dnn) +Illinois | [COVID-19 and Unemployment Benefits - IDES](https://www2.illinois.gov/ides/Pages/COVID-19-and-Unemployment-Benefits.aspx), [News and Announcements - Details View](https://www2.illinois.gov/ides/SitePages/NewsArticleDisplay.aspx?NewsID=490) +Indiana | [DWD: DWD's COVID-19 Information](https://www.in.gov/dwd/19.htm) +Iowa | [Updates and Resources about COVID-19 &#124; iowaworkforcedevelopment.gov - www](https://www.iowaworkforcedevelopment.gov/updates-and-resources-about-covid-19) +Kansas | [Unemployment Insurance and COVID-19 FAQs - Benefits - Kansas Department of Labor](https://www.getkansasbenefits.gov/NewsAndUpdates.aspx?NewsID=77) +Kentucky | [Unemployment waiting period waived in KY as COVID-19 affects jobs](https://www.wlky.com/article/unemployment-waiting-period-to-be-waived-in-kentucky-covid19-coronavirus/31665692) +Louisiana | [COVID-19 Information - Louisiana Workforce Commission](http://www.laworks.net/PublicRelations/COVID_19_Information.asp) +Maine | [MDOL: Information about COVID-19](https://www.maine.gov/labor/covid19/) +Maryland | [Frequently Asked Questions About COVID-19 and Maryland’s Unemployment Insurance Benefits Administration - Division of Unemployment Insurance](https://www.dllr.state.md.us/employment/uicovidfaqs.shtml) +Massachusetts | [Information on Unemployment and Coronavirus &#40;COVID-19&#41; &#124; Mass.gov](https://www.mass.gov/resource/information-on-unemployment-and-coronavirus-covid-19) +Michigan | [Coronavirus - Governor Whitmer Expands Unemployment Benefits for Michigan Workers](https://www.michigan.gov/coronavirus/0,9753,7-406-98163-521770--,00.html) +Minnesota | [COVID-19 and unemployment / &#124; Applicants - Unemployment Insurance Minnesota](https://www.uimn.org/applicants/needtoknow/news-updates/covid-19.jsp) +Mississippi | [MDES - Novel Coronavirus &#40;COVID-19&#41; Response](https://mdes.ms.gov/news/2020/03/13/novel-coronavirus-covid-19-response/) +Missouri | [Coronavirus &#40;COVID-19&#41; Information &#124; Missouri Labor](https://labor.mo.gov/coronavirus) +Montana | [COVID-19](http://www.dli.mt.gov/employer-covid-19-faq) +Nebraska | [Gov. Ricketts Issues Executive Order to Loosen Unemployment Insurance Eligibility Requirements &#124; Office of Governor Pete Ricketts](https://governor.nebraska.gov/press/gov-ricketts-issues-executive-order-loosen-unemployment-insurance-eligibility-requirements) +Nevada | [UInv - The Nevada Unemployment Insurance Claim Filing System](http://ui.nv.gov/css.html) +New Hampshire: | [Welcome &#124; New Hampshire Employment Security](https://www.nhes.nh.gov/) +New Jersey | [Department of Labor and Workforce Development &#124; NJDOL Benefits and the Coronavirus &#40;COVID-19&#41;: What Employees Should Know](https://www.nj.gov/labor/worker-protections/earnedsick/covid.shtml), [Department of Labor and Workforce Development &#124; NJDOL Benefits and the Coronavirus &#40;COVID-19&#41;: What Employees Should Know](https://www.nj.gov/labor/worker-protections/earnedsick/covid.shtml) +New Mexico | [New Mexico Department of Workforce Solutions > Unemployment > Information for Workers & Businesses Affected by COVID-19](https://www.dws.state.nm.us/COVID-19-Info) +New York | [Unemployment Insurance - New York State Department of Labor](https://labor.ny.gov/unemploymentassistance.shtm) +North Carolina | [DES: Apply for Unemployment](https://des.nc.gov/apply-unemployment) +North Dakota | [Dealing with COVID-19 &#124; Job Service North Dakota](https://www.jobsnd.com/news/dealing-covid-19) +Ohio | [Coronavirus and Unemployment Insurance Benefits &#124; Office of Unemployment Insurance Operations &#124; Ohio Department of Job and Family Services](http://jfs.ohio.gov/ouio/CoronavirusAndUI.stm) +Oklahoma | [Oklahoma Employment Security Commission - Claimants](https://www.ok.gov/oesc/Claimants/) +Oregon | [State of Oregon: Employment Department - COVID-19 Related Business Layoffs, Closures, and Unemployment Insurance Benefits](https://www.oregon.gov/employ/Pages/COVID-19.aspx) +Pennsylvania | [COVID19](https://www.uc.pa.gov/Pages/covid19.aspx) +Rhode Island | [COVID-19 Workplace Fact Sheet](http://www.dlt.state.ri.us/pdfs/COVID-19%20Workplace%20Fact%20Sheet.pdf) +South Carolina | [COVID-19 Resource Hub](https://dew.sc.gov/covid-hub) +South Dakota | [COVID-19 Reemployment Assistance Eligibility](https://dlr.sd.gov/ra/covid_19_ra_eligibility.aspx) +Tennessee | [Information about Tennessee Unemployment Insurance benefits and Coronavirus](https://www.tn.gov/workforce/general-resources/news/2020/3/11/information-about-tn-ui-benefits-and-coronavirus.html) +Texas | [Coronavirus](https://www.tdi.texas.gov/wc/information/coronavirus.html) +Utah | [COVID&#45;19](https://jobs.utah.gov/covid19/), [Unemployment Insurance Benefits &#40;UI&#41;](https://jobs.utah.gov/ui/home) +Vermont | [COVID-19 Frequently Asked Questions &#124; Department of Labor](https://labor.vermont.gov/covid19/covid-19-frequently-asked-questions) +Virginia | [FAQ from Workers Regarding COVID-19](https://www.governor.virginia.gov/media/governorvirginiagov/governor-of-virginia/pdf/Frequently-Asked-Questions-from-Workers-Regarding-COVID-19.pdf) +Washington | [ESDWAGOV - For workers and businesses affected by COVID-19 &#40;coronavirus&#41;](https://esd.wa.gov/newsroom/covid-19) +West Virginia | [WorkForce West Virginia - Unemployment](https://workforcewv.org/unemployment) +Wisconsin | [Unemployment COVID-19 Public Information](https://dwd.wisconsin.gov/covid19/public/ui.htm) +Wyoming | [Unemployment Insurance](http://www.wyomingworkforce.org/workers/ui/) + +Edit: + +# US Territory Information + +The following links are for US territories that are not states: the District of Columbia, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands. Please note that at this time, we could not find information specifically related to COVID-19 for these areas, so we have linked their general pages for the offices that handle unemployment compensation. We encourage any readers in these areas to reach out to those offices and/or apply for benefits even absent specific guidance related to COVID-19. If anyone finds specific pandemic-related information from these territories, please send a message to the moderation team so we can update the links. + +Location | Links +-|- +D.C.|[Department of Employment Services](https://does.dc.gov/) +Guam|Guam does not have local unemployment benefits. [Guam Homeland Security](https://ghs.guam.gov/) maintains updates about COVID-19. +Northern Marina Islands|NMI do not appear to have information about unemployment benefits, but the [U.S. State Department has links to NMI Agencies, including Social Services](https://www.usa.gov/state-government/northern-mariana-islands) +Puerto Rico|[Departamento del Trabajo y Recursos Humanos](https://www.trabajo.pr.gov/) +U.S. Virgin Islands|[VIDOL Unemployment Insurance](https://www.vidol.gov/unemployment-insurance/) +I always felt the description of this sub is not really doing it justice. When I sell a CSP, I’d assume it’s usually to someone reducing their downside risk, rather than a “WSB degenerate”. And besides that, many “theta gang strategies” include buying options, too. +I logged in to an old burner account yesterday and saw that I had a message from someone looking for money, based on a posting I had made about my net worth. I try to be pretty careful about using throwaway accounts for limited purposes, but this was a good reminder that people are watching this sub and paying attention to what you say you have. +> Realty Income and VEREI have entered into a definitive merger agreement by which Realty Income will acquire VEREIT in an all-stock transaction, creating a combined company with an enterprise value of approx. $50 bln. Under the terms of the agreement, VEREIT shareholders will receive 0.705 shares of Realty Income stock for every share of VEREIT stock they own.Immediately following the closing, the companies expect to effectuate a taxable spin-off of substantially all of the office properties of both companies into a new, self-managed, publicly traded REIT ("SpinCo"). Following the merger and the spin-off, Realty Income will continue as the surviving public entity. + +Just saw this come across. I wonder if it will change the dividend? +Im planning my first bigger house that will also have a poolhouse with gym, onsen and sauna and I know I will absolutely love this. Looking for more ideas of what to add. +My long-term partner and I (10 years) have always been pretty equal in the past, but over the last couple of years I've accelerated my earnings to the point where I make over 2x what she does. + +We've always kept things pretty 'down the middle', but even with shifting a lot of cost over to me from the inevitable lifestyle creep, she seems to be struggling with money. + +I currently pay 60% of our rent, 60% of our bills, the entire cost of our car (loan, insurance, fuel, etc.), and contribute about 3x as much to our monthly savings, yet she still has a hard time at the end of each month, and has started to make me feel guilty about the things I can now afford for myself that she "has to go without". + +I'm not sure her joint expenses are really any more than they've ever been, but clearly she needs help. Is there anything else I can do? Maybe a joint pot of splurge money or something? + +Edit: There's some great advice in here, thanks everyone, and I think the consensus is to combine our finances into one big pot and split into smaller pots for personal spending, rather than the other way round (which is how we've been getting by until now). +I see new posts worring about xxx and xxxx apes selling in the low 5 figure range as this would put those gains in the 7 and 8 figure range. This theory is completely false for my situation, and possibly other's. I started off with 14 shares in Jan looking to pay off a couple small loans. Now that this has dragged out for months, my motives for holding have shifted. If the float is 26m, only xxx,xxx apes or less, holding >xxx shares, need to hold and the float will never be covered. An unintended consequence to this is that xx and x share apes will be set for life. Sorry, hedgefucks! Tenders are nice, changing financial market and the lives of millions of apes is what will bring the most joy to me. Not financial advice, do what you want. I just like the stock. 🚀🚀🚀🚀🚀💎💎💎🤘🤘🤘🤘 +Quote from article: "The Fed delivered in that respect, saying it would continue to buy at least $120 billion of bonds each month "until substantial further progress has been made toward the Committee's maximum employment and price stability goals," the post-meeting statement said." + +&nbsp; + +https://www.google.com/amp/s/www.cnbc.com/amp/2020/12/16/fed-decision-december-2020-fed-commits-to-keep-buying-bonds-until-the-economy-gets-back-to-full-employment.html +India has just released agenda of parliament session, where it seeks to ban all "private" crypto currencies. + +As soon as the news broke out, many are trying to sell and exit and the market has crashed 25% in a matter of minutes. Many are facing massive losses as the result of this fucking government. + +&#x200B; + +[Massive crash all across the board](https://preview.redd.it/q9m81t2qpd181.jpg?width=917&format=pjpg&auto=webp&s=274646e72cf5376529af3f0ee8105eb78520117e) + +Most coins are down anywhere from 15 to 25%. Altcoins have been impacted the most. Even stablecoins have crashed 10% as people are selling that for INR. + +Modi has show to be an incompetent ruler, just this week he rolled back farm laws that seeked to destroy farmers livelihood in favour of his industrial buddies who fund his election campaign. Over 100 farmers died due to protests across the country, and then Modi meekly rolled back the laws. + +Now he is attacking crypto and seeking to shut this market down. + +**Late Hours Update**: The crash has got worse by all means.. some coins are down as much as 40%! Literally nothing has been spared, every single coin has been crushed. + +&#x200B; + +[-41&#37; down!](https://preview.redd.it/eu2bwg6uje181.jpg?width=506&format=pjpg&auto=webp&s=34ca08469dbff5f5d061638d84f47b5b2f16b6ab) + +Going by social media posts, it seems a lot of people have sold at huge losses. Imagine losing 30-40% of your investments because of the incompetence of the fucking government. Yikes. Fuck you modi +I’m very new to investing and really appreciate the solid DD’s of this group and the lack of memes and jokes so thank you for that. + +As a new investor (more like gambler, since that’s how I’m behaving) I’m looking for some sound input on how those who have been at this for a long time control your emotions. I only put in what I was comfortable playing with and losing to begin with as I work on expanding my market education. + +I’m currently in and out of news articles daily, Reddit posts daily, cannot stop watching tickers, and good lord I’m a loser to FOMO. Even with FOMO I tend to do my own DD on the company and if it’s not something I truly believe in, I won’t move on it, but if it’s something I see profit in I will make a move, my problem is patience, I begin to panic in the red, and hold too long in the green. + +So how do you all do it? How do you constantly stay sound throughout all of this. Is this something all new investors go through behaving like? Or am I the odd one? I think my problem is I want to achieve what everyone wants (big profit) but let me emotions take over and mentally weigh me down. + +Don’t worry none of this has been affecting my personal life or my full time job. This is simply a new hobby which I’ve taken interest in and again have only put in “fun” money to learn and expand. + +Any advice is great on controlling the emotions. + +Thanks everyone. +At some point in retirement it's possible you'll require 24 hour in house health aide assistance ($25/hr...$200,000/yr) or placement in an assisted living facility ($10,000/mo in NJ) How is everyone prepared for this? +Despite all of the craziness of the past few days, REMEMBER TO DRS. DRS IS THE WAY. This is not financial advice. Hopefully what we’re going through now is the Mother of All Dips before she rips to the moon. Can’t stop, wont stop (DRSing) GameStop 🦍💪💎🙌🚀🌝. This rest of this is filler for word count. Ping pong bing bong Ching Chong long schlong the price is wrong. Get Fucked Kenneth Griffin +How can an Indian resident who wants to diversify invest in a foreign currency for the long term? I am thinking specifically of the CHF which has a 4.9% CAGR against the INR over the last 17 years. It is a currency whose value the Swiss National Bank is struggling to keep low so it should be a good investment. +DTC-2021-005 is suppose to protect the market from naked shorts, yet soon after it was published by the DTCC, it was "removed for reformatting to be republished within TWO WEEKS". That was more than a month ago. + +Who may be reponsible for it's removal and made sure that it will never see the light of day again? + +I can see one person who have the motive and ability: [David Inggs](https://www.dtcc.com/about/leadership/board/david-inggs), who is Global Head of Operations at Citadel and Citadel Securities and guess what, he is also a Board Member of the DTCC. + +So as a Board Member of the DTCC, David has control over the DTCC rules that govern Citadel, and as Global Head of Operations for Citadel, he is governed by those rules. + +I have yet to see a better example of a conflict of interest anywhere. +Hello, fellow dividend investors! + +It’s your friendly neighborhood dividend diva, and I’m back with an update on my dividend/growth portfolio, which many of you had follow-up questions about. You may recall I originally shared my strategy and holdings in [this post](https://www.reddit.com/r/dividends/comments/omq3l7/here_is_how_i_built_my_dream_dividendgrowth/?utm_source=share&utm_medium=web2x&context=3) from several months back, when I rolled a sizeable 401K from a previous employer into my dividend portfolio. The dividend investing portion of my total portfolio is broken into two accounts, my Roth IRA and my Traditional IRA, and this is because my 401K originally had both Traditional and Roth contributions which needed to be kept separate for tax purposes. + +Performance between the Traditional and Roth accounts will vary slightly because of a few exceptions in my trading strategy between the two accounts – such as holding 100% equities in the Roth, and 90% equities/10% Treasury Inflation-Protected Securities (TIPS) in the Traditional account – and slight variations in cost basis due to the exact prices in which my orders get filled at execution. One of the notable things about this portfolio is I originally constructed it with 84 stocks, incorporated an index fund, and traded in and out of a few ETFs along the way. Here is how I’ve been performing: + +**Total dividend yield for entire portfolio for 2021:** 2.23% + +I’ve focused largely on blue chips and growth of well established companies. I’m also not a yield chaser – high dividends are sometimes a sign of trouble. For most people I’d guess, their yield sweet spot for their portfolio might be 2% - 4%, and *more* than that means possibly more risk involved, which is fine too if that’s your goal. + +My traditional IRA balance is up by 60.63%, and the Roth balance is up by 648.46% as of this month. These numbers were pulled from my broker and not based on actual investment performance, but reflective of the extremely large balance I rolled over into these accounts from a 401K from a previous employer earlier this year, so the traditional IRA performance will level out in the next upcoming years since I will only be contributing my annual cap of $6,000 to my Roth moving forward. So take those percentages with a grain of salt. Let’s be honest though. **True investment performance of both accounts right now is actually closer to 18%, which would appear to be “underperforming,” in the current market conditions; however, my 401K balance rollover happened in May 2021 instead of at the beginning of 2021.** So I think next May we’ll see a more accurate reflection of annual investment performance and more consistency, and I’ll come back with another update, probably. + +My brokerage account is up 1,300% since last February, but that’s a conversation for different investing subs, probably, since I don’t hold any dividend stocks in my taxable account. It’s strictly my account for swing trading, speculative bets, degenerate gambling, and holding equities of companies I like. I treat trading in my brokerage account like a part-time job, since I’m also paying the tax man. + +**Some Important Reminders Before You Skip to My Holdings** + +*\*\* Obligatory This-Is-Not-Financial-Advice Disclaimer: My strategy may not be everyone's investment strategy. Always do your own research and invest at your own risk. None of this is meant to be personal financial advice and I am not your fiduciary. I’m a stranger on the internet who has sometimes had losing trades. I enjoy sharing information, and if you don't like the companies in my portfolio, don't buy stock in them. My purpose is not to convince you to invest in a specific security, nor is this information meant to be indicative of a company’s future performance. Invest in stocks you believe in, and use a strategy that fits your investment goals. \*\** + +Reminder #1: Paying the Tax Man and Available Liquidity + +Tax liability and limitations on adding cash liquidity to the accounts: I'm doing all of my dividend investing in tax-advantaged accounts (traditional and Roth IRAs), and it's important to be aware of any tax liability you may ultimately have based on the type of account you invest in. The IRS puts that pesky cap on how much you can contribute to your IRAs annually (For 2022, the max IRA contribution limit is $6,000 if you’re under age 50, and $7,000 if you're age 50 or older), so growing my balance with dividend-paying stocks is one way I’m choosing to maximize returns without exceeding the annual contribution limit. **Be aware if you hold dividend stocks in a** **taxable brokerage account**\*\*, you will be taxed for any dividend deposits you receive, as each one is a taxable event.\*\* The tax man treats this as income. + +Reminder #2: Expense Ratios + +Expense ratios are a necessary part of the management involved in maintaining index funds and ETFs, but because they can impact returns, even if they're extremely low, my personal view on exposing my portfolio to them is "less is best." There is no expense ratio involved when I'm managing my portfolio myself and have the time to dedicate to market research, monitoring market mechanics and conditions, and managing my accounts, which I take a lot of enjoyment in doing. Currently, I have minimal exposure to expense ratios in my Traditional IRA, and *zero* expense ratio exposure in my Roth IRA. + +Since the beginning of the year, I traded in and out of several different ETFs, most of them were either sector-specific (XRT, IFRA) or large/medium/small blend ETFs (IJR, IJH, VOO, etc.), plus our fan-favorite, SPY. I decided to exit all of my ETF positions long term for now to minimize my expense ratio exposure – but I still wholeheartedly believe ETFs are powerful investment tools that can compliment your strategy if it’s your cup of tea. When I do buy ETFs, I’ve been taking a swing trading approach instead if there’s a decent opportunity. + +Reminder #3: Indexing vs. Stock Picking + +My philosophy on index investing and stock picking: As far as index funds go, the only index fund I’m holding in my portfolio is FZROX, the Fidelity® ZERO Total Market Index Fund, with an expense ratio of 0.00%. Yes, you read that correctly. If you are a Fidelity customer, and you didn’t already know, you can invest in a total market index fund at no additional cost to you. + +“But why do you hold an index fund in your portfolio if you’re so sure of your 80+ stock picks? Congratulations on your ETF! You’d be better off just buying SCHD instead and calling it good!” Yes, I’ve heard it all. Since we’re being honest here, of course I’m not 100% sure of my stock picks, even my solid blue-chips. Nothing is certain. Do I have a solid thesis about each stock I pick? Yes. Do I put in the time and energy to do my research? Indubitably. When I enter a trade, I do so with conviction. + +Here’s the caveat, though: market conditions change all the time. Anomalies in the market happen, like the Great Financial Crisis of 2008, or 9/11, or COVID-19 lockdowns, or any significant geopolitical event or crisis. Most notably today, we have record breaking inflation and bearish market sentiment with the COVID omicron variant. Companies sometimes go out of business. Share price is sometimes completely disconnected from company fundamentals or what analysts think. Share price also can be *truly reflective* of a company’s value, *in spite of* what analysists think. Analysts change their sentiment all the time, and have been wrong more often than correct, because they’re human. + +So, with my position in a total market index fund, I’m hedging against the possibility I’ll be wrong with my individual stock picks. Which I will be, because I’m not a fortune teller, even if I’ve outperformed the market this month or the next. I look for opportunities. That doesn’t mean they’re guaranteed to remain profitable. + +Here’s my other point: With index investing, you don’t have a lot of discretion to allocate your capital *exactly* the way you want. I have some OCD, so I like to know what's in my portfolio and why it's there. So in addition to indexing, I pick individual stocks to get the best of both worlds in concentration and diversification. I also love trading, so there’s that. Setting it and forgetting it takes the joy out of trading for me in some cases. + +**The Portfolio** + +Operating under the premise that most people can't beat the market consistently each year, and assuming I'm no exception, I chose to use the market sector allocation of the S&P 500 as my blueprint for deciding how to weight my dividend portfolio and which sectors I wanted more concentration in. I then researched and cross-referenced the individual holdings in solid performing index funds like FXAIX and FZROX, ETFs such as VOO, NOBL, DGRO, and a few more sector specific and thematic ETFs (for example, IFRA, which is the iShares US Infrastructure ETF to discover some different utility and energy stocks) to get an idea of which solid dividend-growth stocks overlapped across the board. + +I researched everything I could on each company I selected as a candidate for my portfolio – checking to make sure I understand and believe in the business model, looking at earnings per share (EPS), dividend yield and payout frequency, stability in company leadership, solid company fundamentals, healthy balance sheets and finances, and whether or not anything egregious has been happening with the company, such as lawsuits or federal investigations. + +I also contrasted each stock’s performance against the S&P 500 for the past 5 days, month, 6 months, 1 year, 5 years, and 10 years. I then analyzed growth rate beginning at the company’s inception, since I’m not just focused on dividends, but growth and value as well. Not every one of my selections passed this benchmark test, even if it was a company I really liked. There were some that took more time to dig into, and others I could immediately eliminate based on my screening criteria. + +For example, MSFT and AAPL are two holdings that are a common denominator in nearly every single index fund or ETF focused on either the total market, growth, technology sector-specific ETFs, or funds focused specifically on dividend aristocrats/dividend growers. These are two top-performers in their industry, and my knowledge about these two companies is very strong based on both personal experience as a customer, and research, so they checked all the boxes and were granted admission to my portfolio naturally. + +**What’s Changed Since Last Update** + +**Exited Positions:** + +First, let’s talk about a few positions I’ve exited, or I’m in the process of unwinding and exiting, since my last posting, and some of the reasons for it. Again, this was a decision made based upon my own analysis, so this is not me advocating against buying these securities or telling you to sell them if you have them. This is just so you have an idea of my thought process and how it’s impacted my performance. Some of these created a performance drag, and I’m here to make money. + +Prior to exiting a position or creating an exit strategy, these are the things I looked at: + +\- Performance using the S&P as a benchmark + +\- Most recent 10-K filing and quarterly earnings statements (beat or miss, and how often?), and how well did the business adapt and survive the pandemic? + +\- Sentiment/recent news (Taking mainstream media opinions with a grain of salt, since they always have their own agenda and shill stocks that will benefit someone that probably isn’t me) + +\- Do I still like the company and believe in the business model? Do I like the company, but feel it’s causing my portfolio to lag in performance long term, enough that I’m better off cutting the stock loose? + +Have there been any lawsuits filed against the company, or has the company gotten in serious trouble, legally or financially, since I initially bought in? + +HON – First thing I noticed was it has been lagging in performance the past year. I then dug deeper and discovered Honeywell [has been under investigation](https://www.wsj.com/articles/honeywell-expects-to-pay-at-least-160-million-to-resolve-bribery-probes-in-u-s-brazil-11634947538) due to its officers violating federal securities laws and breaching their fiduciary duties in connection with a bribery investigation in Brazil. There are several class action lawsuits that have since been filed on behalf of shareholders. Total loss has been at least $160 million. To quote Mark Cuban on Shark Tank: “And for those reasons, I’m out.” + +MDT – Underperforming the market YTD, and the past 6 months. I wasn’t impressed with their most recent 10-K filing. I also came across something in the 10-K that mentioned because this company is headquartered in Dublin, Ireland, in some cases it might be subject to Irish dividend withholdings tax. Since I’m not familiar with Irish tax law, like, at all – and I don’t know for certain it won’t possibly affect me later on down the road (maybe this is silly and you’re probably laughing at me) – I decided to be safe rather than sorry, and plan my exit strategy. Really I was looking for an additional excuse to replace this holding with UNH in my health care sector. + +SWK – The stock has been in a major decline in performance over a 1-year period. Much of this has to do with the supply chain nightmare (which they cite in their 10-K), and although that’s a recent setback, there is the possibility it will get better later, but I don’t really want to wait for that to come to fruition at this point. I’m just not super passionate about this stock. I will note earnings have been better than expected. For now, it’s creating a performance drag on my portfolio, so I’m exiting really for that reason alone and nothing super egregious. Plus, I’ve got a decent amount of stocks representing my industrial sector as you’ll see below, so it won’t be missed. + +**Current Holdings by Sector** + +**Information Technology** + +AAPL, ACN, ADP, AVGO, MSFT, NVDIA, ORCL, QCOM, V + +**Health Care** + +ABT, HCA, JNJ, SYK, UNH + +Considering adding CVS to the pack. I’m still doing DD on it, we’ll see. + +**Consumer Discretionary** + +BBY, DKS, DRI, GPC, GRMN, HD, LOW, MCD, SBUX, TGT, TXRH + +I also added DDS, but it was a speculative play mostly for the special $15 dividend and curiosity more than anything else. Follow that conversation [here](https://www.reddit.com/r/dividends/comments/qzo8sd/dillards_announces_15_special_dividend/?utm_source=share&utm_medium=web2x&context=3). For anyone who’s curious, yes, I still hold my DDS position. I like the company and I’m not really in a hurry to sell it. Plus it’s below my cost basis following the most recent market dip, so I’m just riding the wave. + +**Financial** + +AFL, ALL, AXP, BLK, COF, HLI, NDAQ, SPGI, TROW + +BLK and COF are my favorites in this sector. Capital One [recently eliminated their overdraft fee](https://www.capitalone.com/about/newsroom/eliminating-overdraft-fees/) for customers, so I expect to see more future momentum and positive sentiment for this stock. COF is up almost 50% YTD with more room to climb in 2022. BlackRock is my other favorite since they manage my retirement funds through my employer, so I’m a bit biased in that respect. + +**Communication Services** + +NXST, VZ, CMCSA + +FB, NFLX, and GOOGL (Roth only) + +FB, NFLX, and GOOGL are going in my Roth, only for growth purposes and somewhat out of curiosity to see how it will impact performance of my accounts over maybe the next 2-5 years. Since FB’s rebranding to Meta last year, my bet can either result in explosive upward momentum, or my bet can go horribly wrong. We’ll see if my FB investment gets “Zucked.” + +**Industrials** + +CAT, CSL, DOV, EXPD, ITW, LECO, R, RTX, SNA, UNP, UPS, WM, WTS, XYL + +WM has been my best “Boomer” stock. I’ve also been favoring UPS a lot since the uptick in online ordering and delivery as a result of the pandemic. I think the only downside to UPS is Amazon is their biggest competitor, so it's been hit or miss. With all of the supply chain issues and inflation driving up the costs of pretty much everything, I'm actually kind of thankful I've diversified this sector enough. + +**Consumer Staples** + +COST, EL, HSY, WMT + +**Materials** + +AVY, DOW, LIN, MLM, PKG, PPG, RS, SHW + +**Energy** + +XOM, NEE + +NEE (NextEra Energy Inc.) is theoretically “utilities” in most investing circles, but I think they’re more energy-sector focused based on their business model and emphasis on sustainability, renewable energy technology and delivery. You could theoretically categorize this stock in both if you wanted to nit-pick. I’m stubborn, so NEE is energy for me. Change my mind. + +**Utilities** + +AWK, CPK, DTE, HE, IDA, OTTR, PEG + +**Real Estate** + +AMT, ARE, CCI, EXR, MAA, O, SPG + +**Index Funds, ETFs, and Treasury Inflation-Protected Bonds (TIPS)** + +Fidelity® Inflation-Protected Bond Index Fund (FIPDX) – 10% of Traditional IRA account + +Fidelity® ZERO Total Market Index Fund (FZROX) – 15% of Traditional lRA account, 15% of Roth IRA + +No longer holding positions in any ETFs currently. + +If anything significant changes over the next year, I’ll consider sharing another update. I’m also considering doing a series of posts here on proxy statements that come out for the companies I’m invested in as I receive them, to share information with others who probably don’t have the time or patience to go through hundreds of pages of financial documents and to make this community more engaging. I've done a couple already, but let me know in the comments if you'd find this helpful. + +**TL,DR;** Please do your own research and come to your own conclusions, know what your risk tolerance is and how dividends fit into your own strategy. I am not a financial advisor and sometimes I don’t know what I’m doing. + +Thanks for reading! +Currently 31 in FAANG as a manager. + +&#x200B; + +TC with spouse: 650. Save about 300k every year. Currently have 3M. Fire number is 5M. Should easily hit that in the next few years. + +&#x200B; + +I want to quit at 40 or so. I am pursuing my pilots license. What can I do now to pick a job at 40 that will let me travel the world? +Has anyone used a good collection agency for unpaid rents? I have a pandemic-era tenant with a $17k balance who left the apartment. He let ERAP expire (and thus wasn't awarded) and LRAP was no longer accepting applications at the time. I wasn't able to get a judgement since he left the property. +I just read a post that thought the 401k was the same thing as social security. On top of that they wanted to withdraw from it. I don’t blame them. Investing is never taught so I will do my best to explain it. + +This is not financial advice. + +What is investing? You buy a part of a company(shares). That company then pays you for owning a share(a dividend). You then take that dividend to buy more shares. If that company becomes more valuable in the future your share price will increase. + +Traditional 401k: This account is offered by some employers. This is a taxed advantage account that is tax deferred. Example: If you make $40,000 and put $5,000 a year into this account you will pay taxes on $35,000 that year, and if the $5,000 grows to $15,000 by the time you withdraw it (at 59.5 years old or older) you will pay ordinarily income tax on what you withdraw. The penalty for withdraw before 59.5 years old is 10% then the remainder get taxed at your top marginal tax rate. This plan sometimes comes with a 401k match which means if you put in 5,000 your employer will also put in 5,000. There is usually a time period before you become fully vested. Example: You put in 5,000 in one year, and your employer matches it; you have 10,000 put into the 401k + the gains it made 1,000 for a total of 11,000; You then leave after one year before your fully vested and are left with your $5,500; The other 5,500 is taken back by the employer; if you deposit 5,000 annually for 5 years and become full vested you will have $65,000 with half of your money being your contribution and the other half being your employers since you are fully vested you can now leave your job and keep the 65,000 in your 401k; now let’s say it takes 6 years to become fully vested and you leave after 3 then you are partially vested and the employer will only take back 50% of what they contributed and 50% of their gains. + +Roth 401k: This account is offered by some employer. It grows tax free. Example if you make 40,000 and put 5,000 into this account you then pay taxes on 40,000 that year; if the 5,000 grows to 15,000 and you take that out at 59.5 years old you pay no tax. The early withdrawal penalty isn’t as bad, but still avoid it. Most people would recommend a Roth IRA over a Roth 401k with no match. Roth 401k get matched but the matched portion is tax deferred. + +Traditional IRA: this is an account you can create today for free. It is tax deferred and works the same way as the traditional 401k except you run it. Once you leave a job it is recommended that you take your traditional 401k and roll it (move all the stocks/money) into your traditional IRA. Must wait until 59.5 years old to withdraw without penalty. + +Roth IRA: this is an account you can make today for free. It grows tax free and is the same as the Roth 401k, but you own it. This is used more often then the Roth 401k because you won’t have to roll over the account every time you change jobs. Also when buying your first house you can cash out your Roth IRA contributions and $10,000 worth of profit penalty free; look into the rules more to this if interested in doing so. + +Brokerage account: this account can be made today for free. It doesn’t have any tax advantages. It also dosnt have any withdrawals penalty. You just have to pay capital gains tax on any profit you make. + +How to make a Traditional IRA, Roth IRA, and brokerage account today for free: Go to any brokerage website like Vanguard. Create 1 account for each type. Create accounts by giving them your personal information. It’s free. To create a traditional 401k or Roth 401k talk to your employer. + +What order would I prioritize my accounts: traditional 401k match>Roth IRA max>brokerage to 15-20k for liquidity (this step is controversial)>traditional 401k max>brokerage account. I would also have a traditional IRA that I roll all my 401k’s into once I change jobs. In retirement I withdraw from my brokerage, then traditional, then Roth. I should also mention I’m 24 and a higher then average income earner, and I would like to retire early. How I prioritize my accounts might be different then you based on age/life expectancy/retirement goals/income/ etc. + +What to buy to become a millionaire: I would buy two etf index funds every month. 80% of my money would go to an index fund that models the total United States economy so it is made up of 1000’s of companies. It’s name on Vanguard is VTI and cost $192 a share. The other 20% of my money would go into an etf index fund of ever country economy except the United Stats. It’s name on Vanguard is VXUS it cost $50 a share. If you invest $450 a month at a 7% average rate of return for 40 years that will be a million dollars. You can then retire and make 70,000 a year doing nothing while not touching your principal amount of 1,000,000. The order of accounts to withdraw from in retirement are first brokerage, then traditional, finally Roth. + +TLDR: if your ready to invest: First invest in your 401k if you get a match up to the match. Second Roth IRA, third brokerage account. Do all three at the same time if you can. My money would be invested every month with 80% going into VTI or equivalent and 20% going into VXUS or equivalent in all three accounts. + +Edit: Some people didn’t like my $450 a monthly to a million dollars investment example. I simply wanted to give an example of compound interest. I know many people on this sub can’t afford that so here is a more realistic example for retirement that some people on this sub might be able to do. + +Example: Walmart has a 100% match on their 401k up to 6%. If the average Walmart employer making 22,000 a year took advantage of that and invested 6% of their paycheck which is $1,320 a year (which lowers your taxes by $198) or $110 a month, and Walmart matched that and you made a 7% rate of return compounded monthly then that would equal $577,458 in 40 years. The estimated amount to retire at 65 is $545,000. + +Edit 2: My stock portfolio is a 80/20 split with VTI and VXUS. This is a very common strategy and I’m sure you could find many people more qualified then me saying why they think it’s correct. I should mention though that the 70/30 split with VTI and VXUS is more popular. There also doing 100% in VT for simplicity. I encourage people to do their own research. This is not financial advice. +I have been tracking Alibaba for a 4-5 months now and don’t understand why the valuation is significantly lower than where I’d expect it to be? + +I understand that the following are likely priced in: + +1. Risk of de-listing +2. Uncertainty over Chinese government +3. Potential for various subsidiaries separating from the main company +4. It’s an ADR and not direct stock purchase +5. Significant amounts of EPS are from investment activity + +There are probably some others that I can’t think of right now. In my opinion the risks are overblown. + +I’d love to get your opinion on this one guys. + +Do you think this is a long term play or is the price fair given the array of potential issues. + +Thanks. +Maybe a lot of people use strategies where they don't really care about how leveraged their options are, but I personally always like to know. When you walk through them and see that one is x6 leverage and one is x35 it opens your eyes and makes you think a bit more carefully about what you're doing. This applies to selling options just as much as it applies to buying them, you're just on the other side of the fence. + +I like to follow the philosophy that if you can't teach something you don't understand it well enough so I made this into a video which is linked at the bottom. I'm going to explain everything here though. + +When I did this math Visa was trading at $243.17 per share. You can buy a call with a strike price of 240 that expires September 17th for $853. This call has a delta of about 0.59. I'm assuming the people here at least know that delta exists and where to find it. This means that this option currently moves up and down with the “power” of 59 shares. If this option moves deeper in the money this number will increase. If this option moves out of the money this number will decrease. + +Knowing that this option moves as if it were 59 shares is the key to finding its leverage. 59 shares at Visa’s current price would cost $14,347 but you only need to pay $853 for this contract which has the same ability to make or lose money. So with $14,347 you could buy 16 of these contracts which means this contract has about 16 times leverage. You can calculate this exactly by dividing $14,347 by 853 to get the amount of leverage at that moment, which is 16.82. So, every dollar you put into these Visa calls is going to gain or lose almost 17 times more than if you just bought shares. This leverage value is one of the minor greeks and is called lambda. Lambda is a derivative of delta and some places might show it directly, though it seems to be uncommon in my experience. + +A 2 year call on AAPL could be as conservative as 2x leverage and your 0 DTE SPY calls could have 100x. Know what you're getting yourself into before you throw your money into something. + +TLDR: Option Leverage = (Delta * Share Price) / Option Price + +Example: Visa 240c 9/17 = (59 * 243.17) / 853 = 16.82 + +Video version: https://www.youtube.com/watch?v=4W7PTtljLtE + +Subreddit: r/financialanalysis +I am posting on behalf of my grandmother who recently lost her husband( my grandfather) last month. She is in her mid sixties, unemployed and seeking advice to sustain herself for the rest of her life. My grandfathers insurance policy paid out $1 million to her and she’s dead set on paying all remaining debts totaling ~$250k(car,house,personal loan). + +How can she safely invest the remaining $750k to sustain her living expenses($35-$45k per year). She doesn’t want to put the money into anything risky, or at least she says. + +TIA +**\*\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** + +Greetings apes, it's been a while. I've been a busy autist and have taken a break from DDs, so I'm sorry for my absence. I'm not sure when the next time I'll be posting another big DD is, but I am still lurking, commenting, and keeping up to date, so it'll happen. Today's post is a mini DD that inspired by a message from an ape. An ape by the name of [u/emu\_fake](https://www.reddit.com/u/emu_fake/) messaged me and asked what I thought about the ATM offering that GME did right after earnings having an effect on the FTD cycle. Well, here are my thoughts on it. + +As well all know, the FTD cycle happens every 35 calendar days which comes out to about every 21 trading days. The idea is that because this is the latest possible day that a HF might have to cover, they do it at the very last minute. We have seen a substantial positive volume and price increase consistently for months now. However, we didn't see one on 6/24, which was supposed to be an FTD cycle day as well. At first, when I heard what this ape had to say, I didn't think much of it.... until I remembered another day: 4/26. This was also an FTD cycle date but many of us have noted that it could barely be considered an FTD cycle day because it's volume and price increase were not that substantial. Guess what GME did right before that date? That's right, a share offering. They announced this offering as being complete on 4/26 (so they actually sold it before then). That offering was for 3.5m shares, which is 30% fewer than this most recent offering. + +https://preview.redd.it/srxiovw42a871.png?width=2164&format=png&auto=webp&s=a37ae503d39fed43a7d21c468b4fd693ee129c81 + +Even more interesting, is that a certain coin hit a low a few days before it usually does during the FTD cycle. Interesting.... + +From all of this, I theorize that because both of these FTD cycle dates proceeded an ATM offering, this gave HFs the ability to buy an influx of shares at a discounted price. They sold off their coin faster than they normally would have to cover. This effectively allowed them to "skip" an FTD cycle price increase. It also makes sense that we saw some light gain on the 4/26 one but no gain on the previous one because the 4/26 offering was 30% smaller, so they still may have had some FTDs to cover. This is all complete and total speculation but IMO it is definitely a plausible theory. If we miss the next supposed FTD cycle date, then I'd say this theory isn't true, but if we see an FTD cycle next time, then this theory may be accurate. This is also interesting because if it's true then it is more evidence that: apes own the float, HFs are WAYYYYYYY over-shorted, the FTD cycle is persistent and exponentially increasing, and the MOASS will happen. + +Finally, let's all just take a second to realize the absolute absurdity of GME's chart. Seriously, wtf. The stock is holding in the 200's, and went well over 300 a few weeks, on absolutely disturbingly low volume. IMO this shows us just how pervasive the OTC/dark pool trading is. If there isn't anything going on here, then why are they doing that? Also, the 350 level is absolutely absurd. We've been rejected by it brutally two times and when we passed it in January, the market literally shut GME down. Yeah, I'm guessing Marge has HFs on speed dial at $350. Anyway, my tits are jacked and I like the stock. That's all for now, apes. + +**\*\*\*\*\*\*\*\*\*\* I am not a financial advisor, this is not financial advice \*\*\*\*\*\*\*\*\*\*** +Feeling a little lighter on your feet today guys? + +Good. + +But this shit is far from over. + +That feeling that you have the titillation, the exuberance, shove it down. + +Cold, resolved, and calculated. + +These are the emotions you need to be feeling during this. + +Leave nothing on the table, this ran too hard and too fast today. The stops are pulled. There is nothing these fuckers will not do to stop us. + +Remember, you deserve this every fucking penny. + +Whether you never had the chance or the opportunity to make something of yourself. If you don't feel worthy. + +You are. + +This is that shot, that opportunity, maybe it was never given to you, maybe you never earned it. + +Well here it is, earn it now... + +Take these fuckers for everything they have because they would do the same to you. + +❤️🦍 + +- Gherkinit + +Edit* + +Market psychology effects everyone, whether it be fear, exuberance, greed etc. For those of you that think you sound so cool saying shit like "what happened today" or bragging about how long you've held. Do not be inconsiderate towards the feelings or concerns others have. +If your zen as fuck and you've been trading the markets since you were a fetus, awesome. + +Then keep it to yourself. + +This is for the thousands of apes that are scared, uniformed, nervous. The ones that don't know what comes next or feel that they don't deserve what's yet to come. The ones who have everything to lose and everything to gain. + +Be there to support them. +Use your zen for good. +Howdy Apes! u/Bradduck_Flyntmoore here! Yes, you read the title correctly. Reddit has actually reached out to us suggesting a cross-post of the Jon Stewart AMA from their sub to ours. This means, effectively, JS will be doing two AMA's simultaneously. While I am beyond excited for this opportunity, I feel a few reminders are in order. + +&#x200B; + +Firstly, the AMA will be a carbon copy of the one hosted on the bets sub, meaning the theme is Fairness and Transparency in the Stock Market. The AMA will be text-based, so do not be surprised if it takes a bit for answers to pop up once it begins. If the community likes, y’all can use this post to start organizing your questions in advance. + +&#x200B; + +Secondly, regardless of your opinion of the bets sub, please take a moment to remember this all started there. While I am not asking for your opinion to change (whatever it may be), I ***do*** ask that everyone exercises their utmost restraint in coming off negatively or argumentatively. Please be on your best behaviour. Jon and the rest of Reddit won’t care who wrote the most DD. This is an amazing opportunity to show who we really are. Apes are excellent to each other. Apes are kind and helpful and have an unyielding thirst for the pursuit of knowledge. Perhaps most importantly, apes together strong. + +&#x200B; + +Despite what happened in the past, we would not be where and what we all are, individually or otherwise, if it were not for everything that happened in all the places it happened. There is a genuine opportunity here for apes to bring this information to the limelight. A genuine opportunity to get folks who aren’t dialed in to see what we have been trying to say all last year. All we have to do is ask the right questions to the right people and MAKE SOME NOIZE! + +&#x200B; + +That said, it’s important to remember that Jon is not a quant. He is, however, a public advocate for positive change with a loud voice and a larger audience. When formulating your comments, keep in mind we want him to continue digging, not just answering questions. Tickle his fancy and give him the ammunition he needs to keep pursuing this story. + +&#x200B; + +Lastly, I want to say how fucking proud I am to be a part of this with all of you. I consider myself quite good with the written word, but as I type this, I find I lack them to properly express what this means to me. Superstonk, in my humble opinion, has always been on a crash course to changing the world (go ahead and look back at the post where I’m introduced as a mod, you’ll see 😉) and I dare say we are finally at the door. All that remains is to open it. To show the world the power of the retail investor! + +&#x200B; + +Thank you, apes. A deep fucking thank you to you all! 🚀🌙 +1. FILL OUT YOUR ORGANIZER COMPLETELY +2. Don't provide documentation for small amounts. We don't want to check your math. If you have 700 receipts from Home Depot, and you provide them, we have to check your math (your math will be wrong). We don't want to do that. We want a single number that you can prove out if you have to, if you're audited (which you won't be). +3. Get an oil change for every business vehicle at the end of December. This will be great documentation on the total yearly mileage (we don't want to see this documentation; we just want to know that you have it) +4. Get your info in early! +5. If we have to extend you, don't be a pill about it. +6. If you made estimated state/federal payments, please, for the love of God, include copies of the checks you sent. + +And finally, and most important: + +7. CPAs are under appreciated, very hungry people. If you lavish praise on us, we will love you, we will bill you less, and we will work harder to save you money. We are cheap dates; a word of encouragement, or -- even better -- FLOWERS or CHEESE or BEER or a FRUIT PLATE (we are all on diets, so no cookies please), & we will work hard for you forever. +As title suggest. + +Ive been heavily invested in gladstone land for some time but I have been searching for any stock that hold/own a considerable amount of canadian land (acres wise). + +Its been quite difficult with my only finding being acadian timber. + +Tldr; Which stock own the most land/acres in canada? + +Edit; WOW this blew up thank you all for replies this helps greatly!! +So I know there are a lot of questions regarding why some companies were included in the ARKX ETF and why others were not. I'm currently a finance student expected to work on Wall Street post graduating and have been following ARK funds since their inception. I follow ARK very closely and have even had a few coffee chats with a few analysts from the firm since I considered interviewing and working there at one point. Here is my thesis on why some companies were chosen: + +3D Printing ETF - Rocket Components are incredibly hard to build and require shapes that normal manufacturing doesn't have the capability to build. Additive Manufacturing, or 3D printing, on the other hand, has the capability to build these components and it is obviously much more environmentally friendly. Elon Musk himself has said that SpaceX will eventually 3D print all their components. Massive portions of Rocket Lab's rockets are already 3D printed. + +Netflix - Cathie Wood believes that gaming and entertainment will receive a massive boost following the automation of cars and transportation. If you are sitting in an automated car or vehicle, you are probably going to spend your time playing games or watching shows on Netflix. ARK has used what people do on airplane travels to create this projection. That is why the company is bullish on Nintendo, Unity, and Netflix. + +RTP/ACIC - The fund is focused on any mode of transportation, not on the surface of the earth. EVTOLs are an obvious choice here. + +John Deere - recently partnered with NASA. You will notice the ARKX prospectus says that the ETF will invest in anything that will benefit from space exploration. With space data collection, agriculture will become much more efficient. +My personal interests lie within macrofinance, however, I'm curious if any one field of economics (e.g labour economics or agricultural economics) is the most in demand in terms of job outlook and employment, in a similar way that some law areas are nearly always more in demand than others (e.g elder law). +Obviously I realize deflation is extremely damaging in the scenario where it’s caused by a drop in demand, leading to less overall productivity, thus things like unemployment and lower GDP. + +However, if deflation is caused by a booming economy where productivity is maximized, then prices are falling due to things like abundance and competition, without lowering the GDP. Why doesn’t the federal reserve try to steer the economy towards this scenario instead of inflation? It seems like it would lead to a higher standard of living without the erosion of the value of our savings. + +An example is the Gilded Age in the United States, an extended deflationary period where the economy saw rapid growth and an increase in the standard of living of the average person +The four expense categories that are rising are housing, healthcare, education, and childcare. + +* Urbanization is driving up real estate values, which drives up real estate prices +* Healthcare has limited supply and rising costs from innovation, admin, and providers +* Education costs are rising due to government subsidies spurring rapid inflation. This one may take a hard turn if more companies start accepting alternative certifications + +That leaves childcare. Anyone know why it's rising? I have a few theories + +* Increase in 2 working parents raises demand, increasing prices +* Licensing regulations becoming more strict, constraining supply +* Other operating costs are increasing. My first thought is liability insurance. +[https://www.brookings.edu/research/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/](https://www.brookings.edu/research/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/) + +According to this article form 2018, the US is the second largest manufacturing power. Germany, South Korea and Japan are also quite high. + +Germany, Switzerland, France, Japan, USA and South Korea have 11-20% of their workforce employed in manufacturing. + +Despite the potential for cheap labor abroad, why does the USA and Europe have such strong manufacturing sectors +[https://www.brookings.edu/research/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/](https://www.brookings.edu/research/global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations/) + +According to this article form 2018, the US is the second largest manufacturing power. Germany, South Korea and Japan are also quite high. + +Germany, Switzerland, France, Japan, USA and South Korea have 11-20% of their workforce employed in manufacturing. + +Despite the potential for cheap labor abroad, why does the USA and Europe have such strong manufacturing sectors +I’ve been theta-ganging for about 2 years now. A lot of the standard wheel stuff but mostly holding shares of good companies and selling CCs for premium. + +I used to have a ton of LEAPS with CCs sold against them on a bunch of different companies, but right now my entire portfolio is 100 shares of AAPL, AMD, NKE and I play with LCID because my cost basis is so low on them ($16) + +I’m debating this week selling CCs on all my positions right ATM to snag a good premium with the intention of everything getting called away, and then going all into TQQQ next week. + +Here is my reasoning, please add to the pros and cons: + +1. No earnings, so don’t have to deal with any “buy the rumor, sell the news” issues or the “it’s already priced in” +2. It tracks the Nasdaq which all of my company’s are already in (minus LCID) +3. From what I have researched, it’s premium is pretty good most of time +4. I don’t have to research multiple companies + +Downside is no dividend, but only AAPL and NKE have one and they aren’t great. + +Thoughts? + +Edit: Holy cow wasnt expecting so many replies, going through them now. +Curious to know your opinions and how much risk you would probably take. How would you organize your portfolio if you had this much money? Would you be focused on growth or income? + +Edit: This is a hypothetical. But let’s say that there’s a high risk tolerance, and no need to touch the money for 20+ years. +Why do u guys mostly recommend VOO instead of VTI to young ones? Doesn't VTI span the whole US stock market including promising mid and small cap companies that may skyrocket in the future? Shouldn't they risk it a bit since they are still young? +I'll start: + + +I've never in my life seen so many recruiters get laid off on linkedin. If companies are cutting recruiters, they don't intend to hire that many new people as they fear a recession +First of all the link to the rulechange: [https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf](https://www.sec.gov/rules/sro/occ/2021/34-92038.pdf) + +Maybe some wrinkle brained ape can add some information to this. + +&#x200B; + +\***SR-OCC-2021-003: Increase Persistent Minimum Skin-In-The-Game / Waterfall**\*The "You Market Makers are gonna give us more money now in case you fuck up with options later and owe someone more than you have" Rule.\*This is the rule associated with the SR-OCC-2021-801 advanced notice, and SIG filed an opposition during the review period delaying the implementation.Filed 2021-02-24Effective 2021-05-31 (expected no later than 05-31, unless further opposition is filed) + +\*This paragraph is from u/nothingbuttherainsir [DD](https://www.reddit.com/r/Superstonk/comments/nhh0f1/update_go_nogo_for_launch_the_checklist_keeping/) + +&#x200B; + +30th March , Susquehanna [filed an opposition to AKA SR-OCC-2021-003](https://www.sec.gov/comments/sr-occ-2021-003/srocc2021003.htm) (AKA SR-OCC-2021-801) which pushed it out to 31st May based on [an SEC notice yesterday](https://www.sec.gov/rules/sro/occ/2021/34-91483.pdf) + +Seems that 003 is now approved, so both rules should roll out. I don't know when both rules will be effective. + +But as in the last paragraph of SR-OCC-2021-801: + +&#x200B; + +https://preview.redd.it/qbaobco8nq171.png?width=928&format=png&auto=webp&s=4d86676ae04824e80b39cc89c03af2eed1243d96 + +Here is the link to rule OCC-801 : [https://www.sec.gov/rules/sro/occ/2021/34-91491.pdf](https://www.sec.gov/rules/sro/occ/2021/34-91491.pdf) + +Buy, hodl, vote (my 3 brokers won't let me) +Always do your own research - No financial advice! + +&#x200B; + +🚀 Low MC Fairlaunch with 1,000x Potential today, 6th of Nov. at 20:00 UTC 🚀 + +&#x200B; + +Welcome to the 🐕 $Pooniverse 🐕 A Place where Sh\*t Matters! + +&#x200B; + +The Pooniverse is a magical place: Spawned from the mythic Poo of Elon’s Shiba Inu Floki, the Pooniverse will become the ultimate Pun against the Establishment, the uber-Meme, the Mother of all Sh\*tcoins. Buy, hold and trade super rare Pooniverse NFTs to spawn meme-coin heros and fight for glory in our Play-to-Earn NFT Game! + +&#x200B; + +Viral Story, great Use-Case and strong Roadmap: + +🖼 Super rare NFT's listed on OpenSea ✅ + +💎 Celebrity NFT Holders: SnoopDogg, Pranksy and others ✅ + +❤️Supporting its Holders, not some random Dog Charity ✅ + +📰 Mass Media Coverage in Benzinga, Fox Network and more ✅ + +🎮 Play-to-Earn NFT Game in the Making + +🛒 Marketplace on the Roadmap + +🚜 NFT Farming on the Roadmap + +&#x200B; + +Massive Marketing Plan: + +🔷 Promotions in major Crypto Channels on Twitter & Telegram + +🔷 Shill Army Push + +🔷 Big Influencer Campaign + +🔷 Airdrops for loyal Supporters + +🔷 Mass Media Publications + +🔷 Daily Giveaways for our Pooniverse Army + +🔷 Viral Army will drive global Takeover + +🔷 Push for Coinmarketcap, Coingeko and Trustwallet Listing + +🔷 Exchange Listing on the Roadmap + +&#x200B; + +How can you get involved: + +✉️ Telegram [https://t.me/PooniverseCoin](https://t.me/PooniverseCoin) + +🐦 Twitter [https://twitter.com/PooniverseCoin](https://twitter.com/PooniverseCoin) + +&#x200B; + +Pooniverse Tokenometrics: + +💵 12% Tax on Buy & Sell + +💸 4% Token Reflection, Rewarding all Holders + +💰 8% LP Aquisition to build solid LP as launchpad for Takeoff + +💎 Super low Market Cap Gem: Potential for 1,000x MoonShot + +❤️ Marketing Wallet to support Holders in need and not some random Doge Charity + +&#x200B; + +Launch Details: + +✅ Fairlaunch + +✅ No Private Sale + +✅ No Whitelist + +✅ No Presale + +✅ 100% Liquidity will be on Pancakeswap + +✅ Liquidity will be locked + +✅ Ownership will be rennounced + +✅ Anti-Bot Features and Blacklisting + +✅ Experienced Team, great Moderators & viral Shillers + +&#x200B; + +🎯 Missed Shiba? Missed Doge? Missed Floki? Don't miss the Pooniverse!!!! It's enough to be right once! 🎯 + +&#x200B; + +🎖 Join the Pooniverse Army today!!! 🎖 +I‘m coming from the natural sciences and currently getting into economics. I started reading Basic Economics by Thomas Sowell but dropped it as I had the feeling that he tried to convince me of the free market, wages a personal war against communism, and regularly digresses into ramblings about government regulations. Then I tried to read Principles of Economics by Mankiw which is pretty alright so far. Nevertheless, I notice a strong bias toward free market capitalism here as well. Mankiw also likes to drift off into rants about how bad the government is and how the free market is the only way to go. Like, I‘m fine with you being a libertarian but I was expecting a textbook on principles of economics, not your diary. I'm not used to textbooks having such a strong bias. Is this common in economics or did I just pick the wrong textbook? +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 +January bag holder here. We used to talk about this more in the other subs and I felt like it was common knowledge. I’m not smart enough to have research this myself but I looked it up again because there seems to be a lot of shit talking and confusion. + +Ryan Cohen and RC Ventures entered into a Standstill Agreement on January 10, 2021 that has a long list of provisions that essentially prohibits him from speaking out directly. + +Specifically, he is not allowed to influence voting or board votes and another long list of activities until about March 1, 2022. + + +[https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm](https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_ex99-1.htm) + +So for everyone wondering why things are quiet, this is why. + +Here’s the deal. + +This week sucked. Next week is uncertain. The DTC/other colluders rules we’ve been waiting for don’t appear to have made a difference in hedge fund fuckery. We took a beating. + +I bought my first share at $350. I held to $38. + +I want tendies. But I’m not fucking leaving over this. Never. I’m out when the share price looks big for Kenny and his pals, not when it looks big to me. That’s the only way I’m selling. + +And you know what? I trust Ryan Cohen. I know he has a plan. I know he will do right by us. + +He isn’t talking to us because he can’t. But he is communicating. And it’s going to be fine. Better than fine. It’s going to be fucking glorious. Life altering. + +It’s coming. Changing corrupt financial systems and taking down evil villains ain’t easy. That’s why super hero’s have movies about them. Shits hard. + +It’s Friday. Go fuck off. Have a tasty beverage. Get some sun on your face this weekend. Get laid if there is someone who will enthusiastically consent to fucking you. Or just willingly consent. + +Tomorrow is a new week. NFT week. Could be nothing. Could be everything. Everything is coming. + +In the meantime, dream your dreams about what you’re going to do with your tendies. + +I’m fixing this fucking planet I love so much. Apes are going to find a solution for climate change. I’m going to be a part of that movement. I’m making my plans. + +You do you. There’s lots of broken shit in this fucked up system. + +Come back Monday ready to hype. + +TL;DR: Papa Cohen can’t say anything publicly until around March 1, 2022. + +Wen moon? Soon moon. + + +Edit to add: because I am spelling everything out….remember, Kenny and his buddies aren’t going down easily or we’d all be rich by now. + +Everything needs to be above board so that GameStop and RC don’t get sued. I’m sure they will get sued but the goal is to not have anything substantive behind it. + +He also has to watch what he says to the SEC doesn’t get him for market manipulation. He has to watch his mouth to protect us and protect our tendies. + +Elon has gotten in trouble for this. And RC is smarter than Elon so he is walking a finer line. + + +Second edit: some of you seem to think the Standstill Agreement ends after he became 🪑👨. It does not and if it’s amended or changed it would be filed with the SEC. + +The Standstill Agreement protects GameStop from a hostile takeover. Hostile takeovers of corporate boards are a whole other post. This is a not so hostile takeover. + +Other chairman and CEOs can speak out because they didn’t buy shares to join a company. They don’t have Standstill agreements. +Advise for your 20s so you can be wealthy in your 30s + +Live like you’re poor + +Every time I spend $15 on a meal I think I actually spent $100. + +Once you learn how to invest you will be able to turn every dollar into two. Sometimes three. It’s like a superpower. + +This is why you save wherever and whenever you can. Spend more on groceries and less on eating out. Go through your bank statements with a scalpel and cut out any expenses you don’t need. GET ON A BUDGET!!! + +Moreover, do not forget that you can live broke in your 20s and no one will bat an eye. There’s nothing to be embarrassed about. When you turn 30, it’s a different story. +Here is the link to add safelaunchpad on your watchlist via coinmarketcap + +👇👇👇👇👇👇 + +[https://coinmarketcap.com/currencies/safelaunchpad/](https://coinmarketcap.com/currencies/safelaunchpad/) + +&#x200B; + +💎Safelaunchpad is a launchpad platform like bscpad or binance launchpad. + +swap platform similar to pancakeswap + +[https://safelaunchpad.net/swap](https://safelaunchpad.net/swap) + +&#x200B; + +they also have a BUSD pool stake safelaunchpad and earn busd + +👇👇👇👇 + +[https://app.tosdis.finance/stake](https://app.tosdis.finance/stake) + +&#x200B; + +buy and hold a minimum a 100,000,000 sld inorder to participate in the idos on the launchpad. + +&#x200B; + +set slippage to 11% + +&#x200B; + +buy here + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8A9030c0ED9A5b9C7Ab39EBfEE11D90aF9945f6F](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8A9030c0ED9A5b9C7Ab39EBfEE11D90aF9945f6F) + +&#x200B; + +website + +[https://safelaunchpad.net](https://safelaunchpad.net) + +&#x200B; + +SafeLaunchpad Official Telegram Group + +[https://t.me/safelaunchpad](https://t.me/safelaunchpad) + +&#x200B; + +twitter account + +[https://twitter.com/safelaunchpad?s=09](https://twitter.com/safelaunchpad?s=09) + +&#x200B; + +youtube videos + +[https://www.youtube.com/watch?v=HtS\_uWXckpA&t=10s](https://www.youtube.com/watch?v=HtS_uWXckpA&t=10s) + +[https://youtu.be/ITQlJLj4m8U](https://youtu.be/ITQlJLj4m8U) + +[https://www.youtube.com/watch?v=zq7m8\_AQWnw&ab\_channel=Cryptopedia](https://www.youtube.com/watch?v=zq7m8_AQWnw&ab_channel=Cryptopedia) +Not sure if this belongs in this subreddit, if not feel free to let me know! + +About 6 months ago I finally got a salaried job. After more than a year of struggling after graduation I finally made it! + +The job has been great, but I've found that most of my coworkers seem solidly middle class if not higher, and I feel like the odd man out sometimes. I don't know how to talk to them when they talk about visiting vineyards and going skiing and traveling around the world when my family could barely scrape by all my life. + +I want to get along with my coworkers because I see myself at this company for a long time. How do I learn to relate to these people without outright lying about my past? + +Tl;dr My coworkers are rich and middle class and idk how to get along with them as a poor person. +Okay so I'm either an idiot or a genius, but lets pretend there was a super rich dude in the U.S. Inflation is high and he's prepared to save the day. In this hypothetical situation would it be possible for this super rich man to take his money- in cash and burn it or destroy enough money to lower the inflation in the U.S. If this would work how much money would rich guy have to destroy before he puts a dent in the inflation percentage. My understanding here would be if super rich guy destroyed enough money there wouldn't be as much going around meaning the value would increase. +Ok so the price is looking dope today right? + + +WRONG. The price is wrong. + +TSLA is green today, the volume isn't that crazy, my account doesn't look like a phone number, no voting results are out, and my tits aren't even jacked. + +What is $330? That supposed to get us distracted? Get that shit outta here. Watch this drop back to $180 and the msm articles start talking about new "meme stock millionaires". But it'll all be a lie cus this baby is primed like Optimus and when that moass engine really starts revving you'll hear the roar of excited apes round the world. + +This isn't even our final form. Fuck this $330 BS. I'm waiting for $20000000 to show up in that ticker. + + +Edit: Alright the morning run has settled a bit. Check those volume candles. It's all for show today. Time to buy some more! I appreciate everyone asking "who thought this was the squeeze?" Because I'm not sure if anyone even thought that but of they did I'm happy to remind folks: + +The squeeze is when there's severe trading halts +The squeeze is when big green dildos fill up your screen. +The squeeze is when the rest of the market is crumbling and we're still holding. +The squeeze is coming, but it's not here yet. + +Edit 2: Removed "is that a share price for ants?" because I love our ant brethren. Apes and ants together strong. + +Buy. Hold. That's all we gotta do. + +🦍🦍🦍🦍🚀🚀🚀🚀🌕🌕🌕💎👍 +Ok so the price is looking dope today right? + + +WRONG. The price is wrong. + +TSLA is green today, the volume isn't that crazy, my account doesn't look like a phone number, no voting results are out, and my tits aren't even jacked. + +What is $330? That supposed to get us distracted? Get that shit outta here. Watch this drop back to $180 and the msm articles start talking about new "meme stock millionaires". But it'll all be a lie cus this baby is primed like Optimus and when that moass engine really starts revving you'll hear the roar of excited apes round the world. + +This isn't even our final form. Fuck this $330 BS. I'm waiting for $20000000 to show up in that ticker. + + +Edit: Alright the morning run has settled a bit. Check those volume candles. It's all for show today. Time to buy some more! I appreciate everyone asking "who thought this was the squeeze?" Because I'm not sure if anyone even thought that but of they did I'm happy to remind folks: + +The squeeze is when there's severe trading halts +The squeeze is when big green dildos fill up your screen. +The squeeze is when the rest of the market is crumbling and we're still holding. +The squeeze is coming, but it's not here yet. + +Edit 2: Removed "is that a share price for ants?" because I love our ant brethren. Apes and ants together strong. + +Buy. Hold. That's all we gotta do. + +🦍🦍🦍🦍🚀🚀🚀🚀🌕🌕🌕💎👍 +Thanks to all of the amazing DD and learning about the fraudulent activities by the major US banks, I decided to pull all of my money out of my JPM/Chase checking and savings accounts and open new accounts at a local credit union. + +When I called to close my accounts over the phone, I expected the customer service rep to try to persuade me to stay. It was the complete opposite. + +She asked why I wanted to close my accounts. I tried to think of a quick answer and not spout 30 minutes of DD over the phone she probably had no idea about. She then asked if I had a poor experience at a branch. I said that my decision to close my accounts had nothing to do with the branches, but rather the CEO and his unethical answers to the Financial Oversight Committee recently. + +She said, “I hear you, and I don’t blame you! But that’s all I can say.” + +Shocked, I took this as a green light to expound how Jamie Dimon has no hesitation about taking billions of dollars in overdraft fees from struggling Americans during a pandemic and refused to reimburse the overdraft fees when questioned by Senator Warren. + +She responded by saying, “ I couldn’t agree more. I’ll happily close your accounts!” + +What I expected to be a long and stressful phone call was anything but that! + +To anyone who is considering leaving a big bank, don’t think twice. The hate for their upper management is real!! + +*this is not financial advice. I have two crayons stuck in each nostril and other orfices as I type this* + +Edit: This received more visibility and comments than I expected. Thank you for the awards as well. I’m just an ape doing ape things. +My partner and I are both in our early thirties, live in Montreal, have full time jobs in the entertainment industry, no kids, bought our first condo last year. We were sitting down talking about our goals for the new decade and it hurt to realize we want the same thing, but through two opposite ways. + +He thinks we should spend less and save aggressively; while I am already feeling unhappy with our low spending (we never go out, barely travel, don't have a car, don't have a pet, all things I wish we could do/get). I understand that if I want to spend more, I need to make more to compensate but I already maxed out my salary in my current position (music industry, $59K a year before tax), and my partner has no interest in seeking a higher position (VFX industry, $65K a year before tax). + +The only solution would be for me to change career for a more lucrative one, but I don't know how to even transition. Looks like lucrative jobs are all in IT /tech which would require me to go to school and make even less for a while. But which education would be the most lucrative? Should I look into data analysis? Software development? I can barely understand how to make the wifi works some day so for me to change for an IT job would be a huge risk. Is there any other career that would mean higher income and that I can transition to? I have skills in contract negotiation, project management and a degree in communications, I am mad organized and willing to work hard. If any of you had made successful career transition in your 30s, I would love to hear from you! + +Happy holidays everyone. +What a wild 24 hours, eh? Tons of you asking for my opinion, or an explanation, or an answer. A lot of emotions b/c a lot of money on-the-line. I get it. + +Many of you have already noticed that I've updated the prediction model on [computershared.net](https://computershared.net). Heck I did it last night after trying a handful of parameters and finding a combo that was so simple, accurate and obvious, it just made a ton of sense. Occam's razor. + +Usually, I create a post and propose model changes. I didn't this time, mostly b/c my emotions were running high. + +It's true, I was angry. I felt personally targeted: "Hey, let's discredit those DRS guys!" -shf probably. I'll stop short of saying that I was attacked, but I take a lot of pride in providing good, usable, accurate data on computershared.net. + +I shouldn't take these things personally, but I did. How could I not? Anyway, emotions aside, here are my findings: + +TADR: 🦍🍌🍌🍌🟣🚀🌙 + +# The sell model (relax... still unutilized) + +It's my answer to overestimating. It was a while ago that I prepared a sell model, which is to account for shareholders that have had a reduction in share count since they last reported. I can count on one hand the number of shareholders that have sold from computershare and actually shared it to reddit. Most apes wouldn't say they've sold anyway, I assume. + +I actually prepared this model in April, because I was so certain that [computershared.net](https://computershared.net) was overestimating and accounting for selling is the only thing it isn't doing. To my surprise, April/July's estimates were under what was reported, so I put the sell model on the shelf. (hindsight is 20/20, eh?) + +When I saw Oct. 29th's numbers my first thought was that it was time to dust off the sell model and start plotting. But it didn't make sense... + +The sell model would've had to have been SO AGGRESSIVE to get estimates to align with actuals. Something was wrong. + +Just on Reddit alone in the last quarter, the [computershared.net](https://computershared.net) Reddit scraper tallied 2.2M new shares DRS'd, and that's just from a small sample (4.9%) of all registered shareholders. For there to have only been an increase of only 0.5M when a 4.9% sample ALONE showed an increase of 2.2M... fuckery. + +The derived total increase from the sample for the last quarter should've been around 15.5M (and I think it was). That means that 15M shares were "unregistered". In the sell model, thousands of accounts would've had to unload their entire portfolio to make that a reality, but I would've seen signs of it if it were retail. I'm not saying that thousands of shareholders would've posted to reddit that they've bailed out, but one or two would've, purely based on historical precedence... and I didn't see any. The game's afoot, eh Watson? + +&#x200B; + +# What if... + +What if it was a DRS pump n' dump? What would that have looked like? Well, the community has already figured it out, so I don't even need to explain. + +* [https://www.reddit.com/r/Superstonk/comments/zfppfr/im\_a\_professional\_forecaster\_nerd\_numbers\_who\_has/](https://www.reddit.com/r/Superstonk/comments/zfppfr/im_a_professional_forecaster_nerd_numbers_who_has/) +* [https://www.reddit.com/r/Superstonk/comments/zfxmuw/shfs\_screwed\_with\_gamestops\_drs\_numbers/](https://www.reddit.com/r/Superstonk/comments/zfxmuw/shfs_screwed_with_gamestops_drs_numbers/) + +Needless to say, I arrived at the same conclusion, but I took a different path. + +I first started by trying wild variations of trimming different percentages, changing the rolling window size. It was getting very complex. + +Then I thought back to after April when I introduced the rolling window concept. + +[https://www.reddit.com/r/Superstonk/comments/v4rvb3/proposal\_to\_introduce\_a\_180\_day\_rolling\_window\_to/](https://www.reddit.com/r/Superstonk/comments/v4rvb3/proposal_to_introduce_a_180_day_rolling_window_to/) + +The objective of that post was specifically to get the model to accelerate to keep up with Actuals released by Gamestop... But if those actuals were SHF bullshit, what if I "undid" the rolling window. I recompiled all of history with a 1 year rolling window (instead of 3 months)... and would you believe it, it puts October almost exactly where it should be. + +&#x200B; + +https://preview.redd.it/r9px66ne5r4a1.png?width=1641&format=png&auto=webp&s=b94af77f5bf7cbe3aee263c4c68181018a3384cc + +I did do some minor tweaking to the trim percentage. The current model is 3.75% trim from the top and bottom, down from 4%. + +# What did I learn? + +* Well, going back to the original trimmed average model jives perfectly with the findings of the community. I garner a lot of confidence from multiple people taking different paths and arriving at the same conclusion, and I think you should too. +* Simpler is better. No wild rolling window manipulation, no varying trims, no sell modeling. Just a small adjustment to the original trimmed model puts us right back on track, and gives us great insight to the game that was being played. +* The GME community is HIGHLY CONSISTENT and very generous in terms of data points. 21 thousand accounts is a 10% sample of the community. It's a data scientist's dream. All of this work is only possible because you are willing to share your data. Thank you! + +I'm not going to make a proposal to revert to the original model. It just felt right, so I did it... and I wanted to show the SHFs that I/we can see right through them, and can turnaround an updated prediction within hours of fuckery. Get rek'd fools +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. +The only late time is later. If you are getting in now you are still in the 1% of the population who own ETH. You might be reading many posts lately about new millionaires being made and feel sad/disappointed that you "missed out". Just remember crypto is in its infancies. Could better gains have been made investing early? Sure. But hindsight is 20/20 and you're in now. This might be the only time in our lives we will see returns like this... even if youre buying now for the first time. Just be glad! + +TL;DR: ETH to 5k by 2019. +My goal is to retire in the 1% of both net worth and retirement age. I’m doing this to give myself a hard stop so I don’t have an ever moving goalpost. + +According to [FinancialSamurai](https://www.financialsamurai.com/ideal-age-to-retire/), less than 1% of Americans retire under the age of 50. The 2020 1% net worth threshold was $11.1MM. + +I’m at 4.1MM(96th percentile) with 7 years to go. I have a chance at 1% X 1%. I have already hit my FIRE number, but since my youngest child has 7 more years until she starts college, I decided to set a time-bound stretch goal for fatFIRE +The same happened to the internet. If someone was murdered by someone they met on the internet, media blames the internet. + +20 years later people are over it because they all use the internet now. + +Will we ever get impartial news? When are people going to stop forgetting society always does this? + +Edit: I mean currency as a system (USD, not cash) +Edit: I don’t have the headspace to fuss about capitalisation anymore sorry folks, if it’s not Github it’s GitHub, BitCoin, Bitcoin, whatever, you understood the message +This isn’t a particularly profound or insightful observation but since both my spouse and I entered rhe 7-figure salary ranges within the last 7 years, our modes of living have adjusted accordingly. Vacations, clothing, general experiences have simply elevated a bit. + +And while I know what a lot of you will say is that all those things are a waste of money and the result of a bad money mentality and so on, I’m aware and I agree. So you billionaires out there driving Camrys, shopping at target and eating boiled chicken, bully for you, it was never going to be us. + +But, not to contradict my previous claim, the peripheral, waterfall costs that have gone up significantly around these adjustments are kind of nuts. Dry cleaning; high-octane gas; a glass of wine at a restaurant; repairs on anything; the expectation of tip at a higher end hotels and so on. + +Again. Not really news but it’s an interesting thing to watch climb fairly exponentially. Wondering others who have recently obtained a fatness that they are enjoying, and what their experiences have been like. + +I’m sure I will get to an age where those numbers are no longer worth it and the expense is best cut but for now I don’t mind. +I've just turned 22 and started a year ago investing in different things, several failures later I educated myself in cryptocurrency and the tech behind it, I firmly believe in btc and tried to explain to my stubborn dad of the idea beyond btc being an investment for the future. +Fast forward a three months from April and my dad gets around asking how crypto's working for me (I knew he knew it had dropped) therefore just asking to get a good laugh at my face. +He's a nice dad and has educated me in a lot of different things but I count the days to take him on a really nice vacation all with my Bitcoin and have the final laugh at the fact he didn't stack when he had the chance. And of all things; listened at what the newer generations are here to change for the better. + +Keep on hodling and don't let anyone even know about your holdings, it's just gonna beat you down to their level, don't give in and keep stacking :) +Currently a high school student and between my part time bookstore job, coding/selling software applications, and some shopify stores, I have been able to save about 10k in roughly a year. My question is what do I do next? thinking of investing a portion (like 1000) but not sure where to start. whats the quickest way to grow this number exponentially now that I have more money to work with. Thank you! +Amazon is a cultural phenomena. Every town in America has delivery trucks 24/7 running around dropping off amazon packages. I don't think I know a single person who DOESN'T use amazon. + +And yet, a Elon Musk who builds expensive cars that I see maybe 1 out of 100,000 people actually own, is worth more than Jeff Bezos of Amazon? + +How is this possible? + +I asked my brother and he said it's because the worth of these men is valued by stock prices and stock is priced at projected values in the future. But I still don't get it, can someone help explain +I want to move but worried I wont make enough money. I was reading you need $250,000. How realistic is this? +I do not want to live in LA.. an outside town thats safe. I havent even narrowed it down yet +I care more about my health and eating healthy/healthy lifestyle vs living in a nice place. I do care about safety and major crime. I also like Southern California weather. I dont like the cold period +There is a lot of talk about elon musk and michael saylor and other big players , and how much they are doing for btc adoption , which is great. They deserve the spotlight. + +I just wanted to take some time to show appreciation for andreas antonopolous. The average person will never know about him, and the mainstream media will never mention his name. But he has played such a big role in making so many people understand what bitcoin really is. In my humble opinion, we wouldn't be where we are today without him. + +A smart, humble, patient individual with a rare ability to deconstruct and make sense of the most complex of subjects. A true visionary who doesnt care about the financial gains that may come along with bitcoin, but about the potential for this technology to better people's lives. + +If it wasn't for him, I would have dismissed bitcoin as hype couple years ago. He was the only one who made things click. Thanks to him I saw the light. + +So thank you Andreas for all your hard work and passion. + + +***Edit*** this little post from a nobody just blew up. Goes to show you the kind of admiration and respect the people in the community have for him. I never even imagined the man himself would read this and reply, but he is such a man of the people that he actually did. + +Andreas, keep up the good fight. The history books will remember your name. +What’s up fuckle knuckles, this is an update post or “Part 2” on my big brain ape thoughts on DW8 and why it’s a company worth investing in. + +If you don’t know what DW8 is or what I’m talking about, you can check out the initial post [HERE](https://www.reddit.com/r/ASX_Bets/comments/lk4r65/dw8_and_why_you_should_own_it/). I will go into more detail about the business in the latter portion of this post but let me start by getting us updated first. Grab a nice lockdown beverage to drink and tell your wife’s boyfriend to fuck off cause last time he made things awkward. This is gonna be a long and hard one, just how you like it. + +SO, why am I writing this (again)? Because I keep seeing comments and posts that show people don’t seem to understand the company's possible potential (also lots of salty bag holders that bought a company at ATH when it was way overvalued for its current place in the market, future potential aside). I even saw a post blow up by some gronk who was adamant DW8 sells wine for 85 cents a bottle or that they might be selling wine at a loss to inflate order volume/revenue. Bloke DW8 doesn't even “sell” wine, it’s an integrated distribution platform that scrapes a percentage off of trading, logistics and payment solutions AND Deano specifically stated in a company announcement from November 2019 “we generate a profit on every case that flows through our platform from day one”. Don’t believe him? Report him to ASIC then. ANYWAY + +I’m gonna preface the rest of this post with why you should listen to me again. You shouldn’t. I know fuck all about stocks and a real baboon ass brain like the rest of you, so DYOR, but I also like vino and Deano and I feel good knowing I can possibly help other people here make money, just like people here have helped make me some. Circle of life or some shit innit. + +I’m also definitely biased as I own 67k shares averaged to 6c so of course I want the company to do well. I will try and remain partial and realistic as much as possible though :) + +If you’d bought the day I made my last post you’d still be sitting pretty at around 45% in the green, and if you’d sold at the ATH you’d have been up a couple tendie meals at 350% or so. I did not sell because I’m dumb, but also because I believe in the company and have always said I’m in for the long run anyway (although in hindsight some profit taking definitely couldn’t have hurt, live and learn yeh). + +So onto the juice and what’s changed with DW8 since I made the last post around 180 days ago. Let's go step by step with a Pro/Con on least important changes to most important. Afterwards I will go into the real key points people are missing. + +**Management:** + +*PRO:* + +They bolstered their management staff by appointing some capable members, most notably to me, Michele Anderson as a Non-exec Director and Richard Raddon as the GM of the Logistics division. Michele is one of only 400 certified “Masters of Wine” in the world and is the first non-French board member for Baron Philippe de Rothschild. (They make/sell several thousand dollar premium wines, some of the most prestigious wines around). She has incredible related business experience and academia. Richard successfully founded and grew Parton Wine Group (PWG) until it was recently acquired by DW8. + +*CON:* + +Some of the new appointees are being paid some seriously lucrative salaries that might not seem justified by a company that isn’t in the green yet. You have to spend money to attract the best talent I guess and hopefully they will justify their keep. Many of the appointees are due for some hefty performance related share placements though, so they are strongly incentivised to keep this company heading in the right direction. Guess we will see. (Also noticed they specifically stated that Richard’s son, David, who is the new National Operations Manager is being groomed for the GM position, clearly they are in this for the long run) + +**Partnerships:** + +*PRO:* + +They have partnered with several online sellers including Vivino, Bibendum, Ebay and Amazon to coincide with their launch of MARKET or “Marketplace” + +Vivino is the first of the partnerships to be pushed live only this July just passed so I expect an uptick in orders/revenue from their 50 million users to be reflected in the upcoming quarterlies over the next 6 months. First report around October I believe. + +Ebay and Amazon integration will go live in August and September respectively. Uptick in orders/revenue from them should also follow. + +They partnered with Zip to allow financing from 3k to 150k for users and businesses. This benefits DW8 as it allows Zip to assume all the debt risk whilst DW8 gets big orders flowing in and straight cash. They also partnered with EarlyPay to launch the LIQUIDITY side of their business model, more on this later. + +*CON:* + +None, people getting lippy that these aren't “partnerships” and “anyone can list on amazon”. Cool man, not the point. Access to millions of customer orders they get to scrape a percentage off via logistics and handling, trading fees etc is money in the bank. Don’t be dumb. + +**Acquisition:** + +*PRO:* + +DW8 acquired Parton Wine Group (PWG). This is a massive acquisition for the company and will provide a significant boost to all their operational capabilities. It's a big step for the LOGISTICS and MARKET/DIRECT side of the business and is a stride forwards in terms of market penetration, time to profitability and broadening their competitive moat. This will see an increase of 220% to cases shipped, over 150% to order volume and an increase of 60% to their unique suppliers. More than doubling their current suppliers for a total of over 600 suppliers signed up. + +They also now have access to $200m worth of customer inventory being held on consignment, a dedicated fleet of over 30 vehicles servicing Vic, Syd and Perth. As well as fuckloads of warehousing space being serviced by a 100 experienced staff. + +This acquisition has so many benefits for the company it's staggering and I could talk for a while about this. It really is the biggest step into the game I feel the company has made so far. Improving already sharp margins, increasing revenue and reducing the time and capital needed to get the LOGISTICS side of the business profitable. Share placements are tied to PWG generating at least $15m in revenue in 2022 and again in 2023 so the money in theory should be rolling in. + +*CON:* + +To fund the acquisition a capital raise for $7.5m was undertaken at a pretty shiyte 20% discount to the sp 20MA at the time (9c to 6.5c). Hurts to see I get it, but it has to happen. A company has to spend money to make money. Simple fact. Lots of companies make acquisitions in order to grow and beat out competitors. This was a necessary step and will pay off hugely in the long run. I can ease the burden a bit more by mentioning that firstly, the raise was completed via Institutional investors meaning more bigger fish hold interest in this company now, not just more of us retards. Secondly, only $5m was actually used to acquire PWG, the other $2.5m is being used for integration and to continue to expand the business overall and support growth. A good sign. + +SO, + +now we know what's changed since last time, let's talk specifics about the company I didn’t touch on last time, specifically about how they actually make money because that's everyone's issue (understandably) with this company so far. + +DW8 plans to generate revenue via 5 different methods. Lets refer to these methods as 5 separate businesses for simplicity's sake even though there’s obviously lots of overlap. + +* ***MARKET*** \- A direct-to-trade marketplace + +\-This is a marketplace for trade buyers to purchase drinks. Revenue is collected via trading fees (per transaction) and are collected as a % of the total value of the order. More on this later as this is key. + +* ***DIRECT*** \- direct-to-consumer sales manager + +\-A tool used to manage consumer level sales. Revenue is collected as % any time a retail transaction is generated. + +* ***CONNECT*** \- order, inventory & technology integration manager + +\-Self explanatory, Revenue is collected from managing subscription fees, integration and listings. + +* ***LIQUIDITY*** \- payment management solution + +\-A simplified payment solution via Earlypay which allows businesses to get payment on time, manage lines of credit and receive single simplified invoices. Revenue is collected as % of the value funded. + +* ***LOGISTICS*** \- fulfillment solution + +\-Handling and delivery nationwide. Revenue is generated via fees associated with storage, picking, packing, handling and freight + +Now, + + here's the key to the whole thing that I think everyone’s missing, DW8’s primary source of revenue SO FAR has been from the LOGISTICS business, which Dean himself has acknowledged is the least profitable portion of the business. LOGISTICS was the best way for them to acquire new suppliers and start generating revenue that they could then leverage to start the other Business streams. + +In time, MARKET/DIRECT will be where the majority of the businesses revenue will come from. The soft launch for MARKET (for SYD/MEL) was only in March/April. Go look at their latest company update and tell me you don’t see the revenue increase starting in April, cause I do. Remember this is all without the integration of Vivino, Ebay or Amazon AND without Parton’s acquisition taken into account. MARKET has barely started and is already showing promising results. + +Obviously with VIC and NSW now in lockdown the growth of MARKET has been hindered but in the latest company update from August, Dean notes that they have signed up over 300 venues, seen a pleasing amount of orders flowing in, and despite the lockdowns, are comfortable with the growth they have seen so far They expect that once lockdowns lift they will be able to scale customer acquisition rapidly as the feedback so far has demonstrated the demand for a business like DW8’s is huge. They are now re-assessing their go-to-market schedule to launch in Adelaide, Perth and Brisbane as they are not currently locked down. + +Dean also notes that fortunately for DW8, any delay in growth with MARKET because of lockdowns, is made up for in DIRECT by the increase in direct to consumer sales you see during a lockdown, because of home alcohol consumption rising. A real silver lining for DW8 that shows they can continue to grow even through current and future lockdowns. + +SO. What's next? + +I have no idea. I expect MARKET will continue to roll out across AUS over the next year, maybe we will hear some more news about the NZ portion of the business soon (remember DW8 wants to be international) and revenue and orders will hopefully continue to rise. I expect at least one or two more competitive acquisitions over the next year as well. I don’t think it will be long now before the business becomes profitable. + +What should you do? + +I don’t know bro I’m not your dad. I expect (probably inaccurately) the sp will hang around 6.5c and slowly climb up to around 10c by christmas. I’m expecting huge quarterly results over the next 6 months. + +If you think the company has potential, buy into it. If you think it's a scam dream then don’t. I think the current share price is pretty fair on a financial basis alone, but when you account for the potential this company has and where it could be in 2, 5,10 years. It is seriously undervalued. What am I gonna do? Keep holding. If it dips lower than 6.5c I’ll consider averaging up some more but If not then oh well I’m good with what I got. + +Hope you enjoyed your beverage and this essay of a DD, if you got any good counter points or discussion topics I’m always down to chat in the comments. + +***TL:DR*** + +Bro just read the thing man, what else you doing in a lockdown. +This is an follow up post on this post by me: [https://www.reddit.com/r/Superstonk/comments/qrjeoe/i\_called\_the\_dsma\_and\_they\_answered\_they\_are\_real](https://www.reddit.com/r/Superstonk/comments/qrjeoe/i_called_the_dsma_and_they_answered_they_are_real/) + +After my call, i wrote back to press representative and asked if she could organize a call just out of curiosity. She asked me for which media i work and i honestly answered for none. + +I described how i am part of this reddit community and while researching about GME some apes got aware of the upcoming Evergrande Crisis and how it could lead to a global market wide correction aka crash aka bubble burst. I also mentioned that we closely studied the massive rise of inflation and reverse overnight repo, yet we have the biggest bull market ever, even tough we are still in a pandemic which massive production chain issues. + +I outlined that we see a chance that a market crash could be a potential catalyst for the MOASS (ok, i didn't write MOASS) as a market wide sell of could led to forced closing of shorts as they fail margin requirements due to their other positions declining. Therefore we see GME as a hedge against a crash. + +Furthermore we experienced the same misinformation for GME like in the Evergrande crisis in order to misinform people, trying to play the situation down and kicking the can. I made clear that we support his theses that the offshore bonds are not being paid and media is quoting sketchy sources and is lying about the situation. + +I also mentioned this DD by u/wetdirtkurt[https://www.reddit.com/r/Superstonk/comments/por25r/i\_wrote\_this\_dd\_19\_days\_ago\_i\_did\_not\_expect/](https://www.reddit.com/r/Superstonk/comments/por25r/i_wrote_this_dd_19_days_ago_i_did_not_expect/) + +Dr. Marco Metzler responded and said that i should provide him with a time and he will call me back then tomorrow. + +He also shared this two articles with, that i will now share with you apes + +[https://www.asiamarkets.com/evergrande-bond-payments-again-sugar-coated-by-anonymous-sources-but-bankruptcy-could-come-in-matter-of-days/](https://www.asiamarkets.com/evergrande-bond-payments-again-sugar-coated-by-anonymous-sources-but-bankruptcy-could-come-in-matter-of-days/) + +[https://www.express.co.uk/finance/city/1519420/financial-crash-evergrande-debt-payments-collapse](https://www.express.co.uk/finance/city/1519420/financial-crash-evergrande-debt-payments-collapse) + +Apes. I am software developer and been holding GME since January. Since then i watched every AMA we ever did, i browse reddit daily, watched multiple documentations about naked short selling, phantom shares, DTCC and market crashes. i have a fairly well understanding about how 2008 went down (watched Big short twice and also the audio book, Inside Job). I will try to do best in this potential discussion. + +IF U HAVE ANY QUESTIONS THAT I SHOULD ANSWER, PLEASE PROVIDE THEM. ALSO PLEASE PROVIDE INFORMATION THAT YOU THINK IS CRUCIAL I WILL TRY TO GIVE IT A LOOK. + +~~Also can u apes PLEASE send me the links to the following superstonk posts, i cant find them:~~ + +* ~~there was post about a meeting from Citadel, Blackrock and other organization ahead of the upcoming china crisis.~~ +* ~~video of an i think (indian or english) tv report about how Evergrande is already collapsing and China is hiding it.~~ +* ~~Video about people standing in front of the bank and China and not getting their money~~ +* ~~People asking for their money in the Evergrande Central building.~~ +* ~~Also any posts about the relation to Crypto and the US market would be nice.~~ +* ~~there was also a post about some chinese guy living in the us, who called the crisis long ahead.~~ +* ~~Also is my understanding off the reverse overnight repo correct, that market participants are afraid on investing their money in the market and therefore hold the repo bonds overnight?~~ + +Got everything i need, will try include your questions quys! + +Thanks guys. I will try to read as much as possible, its almost midnight here in Germany.Mods again, i will provide proof if u need it. Sorry if there are to many spelling errors in this post. + +**Update**: i just finished an call of 1 hour and 15 minutes with Dr. Marco Metzler were he outlined openly and detailed his view on the Evergrande and upcoming global financial crisis. It was a very nice call and he answered all my questions. i need to continue my regular job now, need to eat something and then will create a new post containing the interview. i didn't record the interview, although afterwards he told me it would have been okay, as long as i dont publish it directly but made a lot of notes. the new post my get long and i will try best to summarize the call. +I am a store manager at a busy coffee shop in Ontario Canada and I have a debt collector calling to speak to one of my baristas. + +It is often busy and inconvenient for me to pull her off the floor when they call, so I would take down their phone number and pass the message on. This didn't stop the calls because I suppose my employee never returned them. Regardless, not my problem, right? + +Finally, after having to pick up the phone during a heavy rush and sacrifice our store's speed of service to grab it, I asked these people to stop calling her at work. + +I explained that she's busy at the moment and has no voicemail to be forwarded to, and in fact, I myself am too busy to spend the time to take down a name, phone number and lengthy reference number. I told her I was the manager of the store and asked her to please stop calling my employee at work, and use her other contact numbers instead. + +The calls have persisted and I just got into a verbal altercation with this collector, letting her know to stop calling because I was not going to pay for my employee to be taking calls when there are customers to be served. She got rude, spoke over me and started yelling that this was a very important matter and she would continue to call until she got through, regardless of what I said. + +What are my rights here? Are there any magic words to get these people to stop calling my employee at work? Just did a search of laws against debt collectors and I know if my employee asks them to stop, they have to. But do I have the right to ask them to stop? Is there a legal line I can use on this person next time they call? + + + +***UPDATE*** + +Since my update got buried in new comments below, I'll state it here. I have discussed with my employee and we decided together that next time they call for her, I will put the phone on speaker, use my phone to record, and she will tell the collector that she's not to be contacted at work anymore. This is a rule in the Ontario law that further calls are a violation of. Hopefully it works. + +Also editing to say to all those who say to just call the phone provider to block the calls: our phone bills are paid by corporate, I don't even know who the provider is. And I am not authorized to make changes to the plan. + +For those that say don't answer or just hang up: we have no caller ID to screen calls. + +And I can't hang up because it Could be her daughters school calling which has happened before so I always have to ask "may I ask who's calling?" which is still a waste of my time. Also just hanging up will allow the disturbing calls to continue, which means myself or my other employees have to step away from the customers we are serving, walk to the phone, and take the time to answer. Yes of course we could hang up after that but the distraction is still occurring and I just want the calls to stop. + +Those that say to fire her: she's a 10+ year employee and doesn't deserve to get fired over phone calls that she has tried to but can't stop. + +Those that say I should pay her a living wage. I am a manager for a corporate chain and can't pay her more. She's also making $4 above minimum wage and I'd say for a barista, that's pretty damn good. Not to mention I don't think paying her more would make her pay more debt. + +Those that say this is her fault and she should pay: obviously, I agree. But I file this into the "not my problem" category. I am not her financial advisor, I'm her boss. If she comes to me for help I will offer her what advice I can but ultimately I think this just boils down to her family being irresponsible with spending, and I just want the phone at work to stop ringing. + +And finally for those that say I should tell the person she's fired. Two things. Firstly the creditor will still call back. Then another employee when I'm not there may say "yep she works here still." Secondly they can call corporate office and get verification of her employment so I am choosing not to tell a lie that will be figured out anyway. + +Hopefully that clears some of all this up since I can't keep up with comments. Who knew my post would blow up like this! +I've seen the obvious staples in the investing world such as Warren Buffett etc who make huge gains from dividends, but I'm yet to see/hear an example of an average everyday human who has patiently grown their dividend investments over the years and can now live comfortably knowing their finances are covered. + +If you live off dividends, what's your story with it? How long did it take to finally start dipping into your dividends and how long ago did you start? +[https://www.financialexpress.com/money/how-to-become-insurance-free-and-make-crores-instead-of-paying-term-life-insurance-premiums/2306690/](https://www.financialexpress.com/money/how-to-become-insurance-free-and-make-crores-instead-of-paying-term-life-insurance-premiums/2306690/) + +&#x200B; + +TLDR about the article. + +It talks about a guy who saved money instead of 'costly' insurance. + +Excerpt 1 : instead of buying a single term life cover of Rs 1 crore, he purchased five term life insurance policies of Rs 20 lakh each with 5, 10, 15, 20, and 25-year maturity. + + Isn't it cheaper to buy long term insurance. + +&#x200B; + +Excerpt 2: with a systematic approach he was able to build Rs 1 crore in just 7 years and cancel all the insurance policies! And that Rs 1 crore has grown into a lot more since then. + +It means he was saving 14 lakh per year. Even if he was saving 50% of salary he would need 7\*14 L at a corpus of 7 years annual savings which comes to 2 Cr. + +Am I missing something here or this is just a book about snake oil salesman. +fatFIRE friends with kids (especially young ones) where both of you are working high profile / demanding jobs - what are your secrets to success?? We have two kids under 5 and a third on the way soon and I am highly focused on how to maintain our sanity, have quality family time, be involved in our children’s education, AND not have either of us drop the ball at work. Both of us have our career accelerating (combined income ~$800k VHCOL). We have a full time nanny now and considering a second with possible coverage over the weekends when our third comes along (especially after maternity leave ends). Would love to hear how anyone in similar situations on fatFIRE have managed through this and what your best tips are or things to avoid! +Yeahhhhh the closer we get to this thing the more concerned I get…. + +Without a doubt, I’m confident when I say that the GME Saga has been a wild ride and a SIGNIFICANT part of almost all of our lives for the last 6 months; +maybe more, maybe less. From start to its eventual finish, this is single-handedly the most monetarily impactful, super villain levels of corruption, world awakening event in the history of finance. It’s fucking EXHILARATING and the chance that a lot of us will become multi-millionaires is so strong we can TASTE it. I’m talking A5 Wagyu levels of rich. + +That being said, and at the risk of getting a decent amount of hate for saying this; I don’t think some of you understand the idea that if you go, you’re not just representing yourself but ALL of us here at Super Stonk. Presumably, this will be your first legitimate meeting and, honestly I mean no offense, not only are you not going to look as good as you think you do but if they even DO let any of you in…you’re going to really see how smooth your fuckin’ brain is being in a room with people who all know what they’re talking about. Not only that, what are you really going to add to the meeting? I get it, you want to be a part of history and have a story that your family will tell for GENERATIONS. Here’s the thing, you’re already a part of history, right now! + + +You read the DDs, you bought, held ,and voted, you are about to see more zeros in one place than a Waifu pillow convention. Why go when, not only do we all know shit is absolutely FUCKED with the share count, but, they’ve sent a release stating the duration of the meeting will be 15 minutes. + +#15 MINUTES + +Fifteen whole minutes. + +You’ll do nothing but waste GameStops time doing whatever it is you’re going to do when you eventually get in, because there’s 100s of us retards crowding in a fucking conference room. Honestly, unless you’re someone like DFV, or are holding 10,000+ shares (just so you don’t think I’m gatekeeping, I can’t even count that high, let alone do I own anywhere near that amount of shares), I don’t think we should go. + +And to wrap this up, Seriously, you goons look great in your one-size-too-big business suits and your banana ties…. but just think for a second, not About yourself or the “experience” you could have (I saw one guy on here talking about bringing his 4 kids…come on guys, you’re kidding me right?), consider that they have a solid course of action. That’s why their meeting is 15 minutes; they want to get in, get out and get back to work. Don’t make this harder for them than it has to be. +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). +Alright, so Mods decided it would be best for the Sub to be represented on Twitter. What does the Community think about this? + +[https://twitter.com/rSuperstonk](https://twitter.com/rSuperstonk) + +I personally think this is primed for desaster, for now there are multiple Persons (at worst one individual) that can be contacted directly and openly on Twitter. We will never see the DM‘s that are written on those accounts. Also I remember having this discussion long time ago to NOT respond to media, let alone create an „official“ account. + +Highly suspicious and not even once Mods considered asking the sub. + +I want to know who is responsible for creating this account. + +Here's the recent comment from u/half_dane that this is true. + +[https://www.reddit.com/r/Superstonk/comments/tqr4ax/wtf\_is\_this/i2j9wy7/?context=3](https://www.reddit.com/r/Superstonk/comments/tqr4ax/wtf_is_this/i2j9wy7/?context=3) + +edit: put in the link + +edit2: since some of y'all declared this as FUD. I posted the comment from mods. +Here’s what I’d do at this point, if I were a short hedge fund: + +1. Accumulate the max number of borrowable shares +2. Liquidate my crypto holdings to get max cash +3. Prime the financial media with “impending squeeze” stories +4. Pick a date before DRS count and option rollovers obliterate me +5. Set up a few shell companies with long holdings to cover my most valuable clients +6. Let it rip into the 400-600 range, knowing institutional holders can’t justify not selling to profit on a 4-6x gain +7. Short it back down again +8. Settle the worst short positions with my newly bought shares +9. Reset the clock for another year + +Poke holes in my theory- assume enforcement is almost non-existent, you’ll never get punished, and you can can print nearly limited FTDs. +This is a reminder that the significance of this date was never to believe that today's shareholders meeting would spark the MOASS immediately. Nor expect the price to sky rocket straight away. + +From yesterday's weak flash crash, its obvious the stock can still be manipulated pretty hard. They will use MSM to find negatives in the earnings and play all of their dirty tricks. However, their attempts are clearly becoming weaker and weaker. + +Expect the fuckery that was always there and remember to do the same thing you've always done - + + +**BUY AND HODL** +Why is this not being talked about? DRS is a really good thing, but an upcoming catalyst for gme to moon is a market crash. +When the short hedge funds default, they will have to close ALL positions. Including their over exposed short positions. +The market crash is already started to happen. Remember when burry said "it's starting" last week + +J.p. Morgan is preparing for the U.S. to default, senators are saying Powell isn't going to be renominated, that dumb bitch yellen is saying leveragd hedge funds can lead to financial runs, the feds fiscal year ends the 30th and the next day on the 1st banks needs 1 trillion dollars in liquidity. +I may be retarded, but I think shit is about to hit the fan. And when it does gme will be on its way to the moon 🚀 + + + +TLDR: I believe the upcoming market crash will be a catalyst for gme to moon. When short hedge funds default, they will have to close ALL positions. Including their over exposed short + +Edit: https://www.reddit.com/r/Superstonk/comments/pxguyp/current_tbond_issues_to_sort_out_by_thursday/?utm_medium=android_app&utm_source=share + +A really good post that got no traction, and confirms my bias about what I said above +Well well well... this is interesting, given we just got a refresher here at SuperStonk in regards to Bain Capital and Goldman Sachs bust out schemes. + +It seems they might be facing RICO charges because a whistle blower has come forward. Apparently the guy has been blogging about it here: + +https://medium.com/@laserdliquidator/my-whistleblower-choice-be-disparaged-arrested-or-dead-7bab6e2708bc + +And here: + +https://medium.com/@laserdliquidator/if-you-want-you-can-follow-my-etoys-sec-whistleblower-case-from-the-beginning-514a20198666 + +What really pisses me is this guy is getting ~~visited~~ harassed by LEOs because he’s blowing the whistle on fraud and racketeering. That’s F$#!’d up, FBI in the pockets of the criminals much? +"**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/ +Ugh. The city in which is live has a rapidly increasing cost of living that’s debilitating to be as a student, self employed single mother. The cost of groceries is getting so bad that items are increasing in price by another dollar everytime I got to the store. Dish soap was marked up to $5!!! I feel so defeated. +I’ve owned a triplex in Philly for 8 years, my tenant is leaving in one of the units in May. I listed it 15% over what I’d normally think is appropriate and I’ve gotten 75 responses in less than 2 days, just from Zillow (usually I list with multiple websites but didn’t think it was necessary now). Is this the same for everyone? +Hey ya'll, congrats on hodling through another week. You are stronger than you know, and we will all come out of this mess blessed. + +**TL;DR:** Over 7,000 resumes including the words "hedge fund" are posted on [Indeed.com](https://Indeed.com) with many being updated within the last month, and ALL 7,000 within the last 6 months. Although the information presented utilizes only one of a myriad of potential keywords, we have a unique way to get an inside look at the health of banks and hedge funds over time. This information can provide valuable insight into the current corporate climate and employee sentiment, as well as forecasting potential sweeping corporate changes (layoffs, dissolution) before they are made public knowledge. If they can see our personal talks and strategy on this forum, we can delve uncomfortably deep into their private business too. + +&#x200B; + +My specialty is intrinsic relational analysis. You can learn a lot about the inner psychology of an environment by monitoring the business' pulse (employees ) and extrapolating the info, concerning how it relates to the health of the business as a whole. As others have put it, rats simply jump off a sinking ship. You may be looking at the front of the ship and it looks brand new, but you can not see the huge hole in the back. You see the rats jumping, you know the end is near. + +&#x200B; + +My preferred analogy is to think of a corporation as a person. If a person is calm and healthy, their demeanor will reflect the same. If the person is undergoing a health crises or a period of great stress, you will be able to hear their heart beating through their chest. You'll see the the labored breathing, the sweating, the grabbing of the left arm. When you see them reaching for the aspirin, you can begin to infer they know they are about to be on life support. What I aim to demonstrate is that we are able to make an educated guess as to how close the hedge funds are to flatlining by examining how their employees are reacting to the current environment. + +&#x200B; + +One of the ways we are able to see the hedgies and banks reaching for the proverbial aspirin right this moment is through the resumes posted to various job search forums. I only chose [indeed.com](https://indeed.com) because it is free to search resumes, and it contains an ample sampling of a broad array of careers. However, if you want to try to really dive deep and see the true scope of the mass hedge fund and bank exodus, there are job boards that cater specifically to financial careers. You could even look on tech boards, engineering boards... The resumes listed on indeed are only the tip of the iceberg, and I encourage you to diversify your research into other job boards. + +&#x200B; + +**The Method:** + +&#x200B; + +Go to [resumes.indeed.com](https://resumes.indeed.com) and input "Hedge Fund" into the search bar. This will search all current resumes for those specific words. Other words to try are "Investments", "Portfolio", "Trading" "Spicy Mayonaisse", etc. + +&#x200B; + +What we are looking for next is the "recently updated" text in orange. Go back a couple months and see how many resumes have been updated or uploaded. It is an impressive amount for any search term you use. + +&#x200B; + +[Resume Data Sample 06\/26\/21](https://preview.redd.it/nldvu1808l771.png?width=960&format=png&auto=webp&s=d101d6ba8d5a3558c0a8177a7bd8de017b4de21a) + +&#x200B; + +Using this data, we can start to see a tiny glimpse into the psyche of the corporate employees. Much like trading is largely based on a FOMO/Fear cycle, the fear cycle is kicking in pretty heavily at this moment for the hedge fund employees. + +&#x200B; + +Tracking the information daily, we should be able to start seeing an exponential increase in updated or new resumes every time a hedge fund collapses quietly in the background, or when a bank starts announcing layoffs and giving a few weeks notice to their employees. Resumes are just one facet of data collection we can employ to get a grasp on the current situation and there are other methods of relational data collection that can be found, which will be explained in future posts. + +**Final Word:** + +That said, I am commissioned to love on hurting people, pray for them, and read between the lines when they can't quite express what they need to be said, or when they have hidden needs that must be met. Although there are some truly evil people in this world, many in the employ of hedge funds are wage slaves just like us. This is not to excuse their profoundly egregious behavior, however. There are consequences to everything we do, and the consequences of their actions are coming due. Do remember though, there is an abundance of good people stuck in less than desirable career choices out of absolute necessity. These hedge fund employees have the same medical bills, mortgages to pay, and children who are blissfully oblivious to their parents current financial predicament. While many are complicit in the criminal acts leading to this mess; ultimately loving your neighbor and being a true light, showing the enemy how to correctly live the right way by your own example is the only way we can ourselves find a path to healing after all this is done. Lead by example, and show those who have lost their way, their career and identity how to change the world for the better, and be better people. + +&#x200B; + +Be the change you want to see, stay strong, buy and Hodl, and God bless. <3 Silky + +&#x200B; + +I like cats. + +&#x200B; + +**EDIT:** + +Speaking of relational analysis, can someone please link that post about the Food Delivery Guy in the comments? If I remember correctly, his post was the one that started the wheels turning on this DD. Unique and fun bit to read if you get a chance! + +**EDIT 2:** Here is the food post, another unique way of looking at relational Data. Thank you kind apes for the quick response! [https://www.reddit.com/r/Superstonk/comments/o7uf1q/citadel\_office\_activity\_from\_the\_ground/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/o7uf1q/citadel_office_activity_from_the_ground/?utm_medium=android_app&utm_source=share) + +**Secret Edit:** + +Speaking of resumes, I am currently taking applications for a lady ape to share life with and marry. Maybe make some baby apes that will grow up in a world left better than when we came in. My mother says I am handsome. Thanks ma, I know its been a few decades, but i'll move out soon. +The studio model doesnt scale and requires alot of debt. + +Moreover, the online content business is getting crowded. I'm not sure why people still love this stock. + +It seems to me that growth requires huge debt to build content. But the ROI on the content is quite low. Most of the Netflix original show fizzle after 3 seasons. + +Change my mind. +My 19 year old son started talking to me about GME at the begining of March. I orginally loaned him $5K on the basis that we'd split the winnings and if we lost it all he was in the hole for the 5k....Slick parenting huh? + +But then i read everything, every bit of DD and counter DD, did lots of my own research, argued with myself, basically stopped doing any work for 2 weeks while i studied. (I havent really started working again either) + +Then once i was clear of doubt, i Yolo'd everything i had saved for the last 15 years into it. The thought of untold riches is great but the excitement, the ape solidarity, the memes, everything about these subs & movement makes the investment worthwhile for me. I'm part of something that will change the world for the better, OUR great reset on ape terms. The one real chance i get to stick it to the man. Yea i'm Jacked to the tits alright! + +BUT!!! There was doubt buried at the back of my mind that started to and would keep naggingaway at me, and i couldnt figure out what it was, its been driving me crazy for weeks. But finally i figured it out. And once i did i'm now totally at peace. And its really simple. And its something i've come to realise apes are conditoned to believe. + +NOTHING REALLY GREAT LIKE THIS EVER HAPPENS TO ME + +And thats it. Simple. Now i see it all doubt has gone. I suspect many people will be suffering from this conditioned behaviour. Hopefully this post will help you get past it like me. + +💎🙌🍦🐸🚀🚀🚀🍌🍌🍌 +I'll be graduating high school next year and I was wondering if majoring in data science or economics and finance would be more beneficial to algo-trading +Today I got kicked off food stamps because I “make too much money”. I just had to stop and laugh because I’m so poor. I laughed because they looked at my gross income. It’s a number way higher than I ever see in my bank account. I laughed because 90% of my minimum wage income from my full time job goes to living expenses. I laughed because I’m in that beautiful gray area where I make too much for help but not enough to get by. Sometimes you just have to laugh because there’s nothing else to do. + + +Edit: You guys are so awesome! I’ve been getting so many kind messages offering help. While I’m not rich, I do have everything I need. I’m really blessed! It’s just nice to know I’m not alone in the struggle! + +Edit 2: Holy crap I just got off work and my inbox is overflowing. I’ve read all the kinds words you all have written. It really warms my heart knowing there are so many kind and sympathetic people out there. It’s shitty to hear all these stories of you guys suffering though. I hope everyone is in a better place now or working towards it! +For most of us, 31st July is the due date for **I**ncome **T**ax **R**eturn (ITR) filing. Only a few days are left to go, and if you're yet to file, just push yourself to at least start the process. + +Use this thread to post your queries on filing tax returns. + +To check with ITR you should file: [https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-1#returnsandforms](https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-1#returnsandforms) + +Previous ITR threads: + +* [https://www.reddit.com/r/IndiaInvestments/comments/rpsbta/income\_tax\_return\_itr\_filing\_thread\_post\_your/](https://www.reddit.com/r/IndiaInvestments/comments/rpsbta/income_tax_return_itr_filing_thread_post_your/) +* [https://www.reddit.com/r/IndiaInvestments/comments/kiuwtr/income\_tax\_return\_filing\_thread\_post\_your\_itr/](https://www.reddit.com/r/IndiaInvestments/comments/kiuwtr/income_tax_return_filing_thread_post_your_itr/) +* [https://www.reddit.com/r/IndiaInvestments/comments/cssb4p/income\_tax\_return\_itr\_filing\_thread\_post\_your/](https://www.reddit.com/r/IndiaInvestments/comments/cssb4p/income_tax_return_itr_filing_thread_post_your/) +* [https://www.reddit.com/r/IndiaInvestments/comments/c7olp4/income\_tax\_return\_filing\_thread\_post\_your\_queries/](https://www.reddit.com/r/IndiaInvestments/comments/c7olp4/income_tax_return_filing_thread_post_your_queries/) + +We also have a #taxation channel on our [Discord](https://indiainvestments.wiki/discord), if you'd like to drop by and ask your tax liability related queries. +I have 815 shares of Verizon and I am getting concerned. What is everyone’s thoughts on holding vs selling? I want to hold for the dividends but this current slide is concerning. I also own KO, GIS, PFE, TGT, IPLDP, and VTRS but in smaller amounts. +Is it just me or is the market get trickier and frustrating to play? + +- Vix at lowest since the pandemic. High risk low reward + +- Getting killed both on put and call sides with stocks randomly spiking up and selling off (AMD, MRNA) + +- Growth & meme stocks dead so no premium in CCs (PLTR, AMC, PTON, CRSR, SPCE, WKHS, WISH, SOFI) + +- Rekd by major ER plays (AMZN, PINS, FB, ETSY) + +And yet SPY at all time highs! Even Iron condors aren't that much profitable. +10 days after selling $20 million of stock in a day or $200 million in a month you are required to file with the SEC as a large trader by submitting a 13H + +>"As provided in Rule 13h-1(a)(7), the identifying activity level means aggregate transactions in NMS securities that are equal to or greater than: +> +>During a calendar day, either two million shares or shares with a fair market value of $20 million; or +During a calendar month, either twenty million shares or shares with a fair market value of $200 million. +> +>The Rule defines “transaction” to mean “all transactions in NMS securities, excluding the purchase or sale of such securities pursuant to exercises or assignments of option contracts,” except for certain specifically enumerated transactions." + +This includes all the different brokers you use if your diversifying multiple brokers and sell $20 mil between all of them in a day or $200 mil in a month you still have to file even if each account dosent reach these levels It's every trade you personally execute that counts. + +The 13 H is required for all large traders, you have to file withing 10 days then once every year you're still a large trader 45 days after the calendar year ends. + +>"Rule 13h-1(b)(1)(ii) specifies that an annual filing must be made “within 45 days after the end of each full calendar year” + +Once you qualify you'll need to submit a Form ID for the EDGAR system to be given credentials and a password. After getting credentials you then can file you're 13H through the EDGAR system. + +>"If a filer does not yet have EDGAR access, then in order to gain the necessary permission and access to file documents through the EDGAR system, a filer must first submit Form ID to obtain a Central Index Key (‘‘CIK’’) and other EDGAR access codes (including a password). Form ID must be submitted through EDGAR’s Filer Management website" +> +After you file you will be assigned a Large Trader ID (LTID) you will have to give this to your broker and they will then have to have records of your trades for the SEC. + +>"Filers receive their unique LTID number in the automatically generated email that EDGAR sends to a filer confirming that the Form 13H filing has been accepted." + +If you're not in the US but use a broker that's in the SECs system your still required to file a 13H but you may file a different form asking for exemption. + +In the end you should hire a professional and make sure it's done right but don't let yourself get caught out beacuse you didn't know you're a baller and the SEC wants to know about you. + +Edit: for all traders outside of the US my brief research says this rule still applies if your broker is registered with the SEC but you may have a way to be exempt so just hire a professional to make sure. + +Edit 2: just wanted to clear this up since I've see a few comments about it you only file once for when you qualify to get your LTID then you file annually while you still qualify as a large trader not per trade made. + +Edit 3: u/blehnder who has some experience with 13H suggested to me looking for a lawyer with experience in SEC compliance to help make sure the form is filled out correctly, they also said it's fairly easy and the SEC will probably be nice if your just a noob who dose it wrong as their human and understand mistakes happen. + +Source: https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm + +This is the second post I've made about this last one I made at 1am and it got buried in new so I thought I'd try posting during the day. +I very recently began studying economics and I began to read very basic books about it. In one of these books there was a chapter about Charles Mackay and his thought about economic bubbles. This made me think is crypto an economic bubble? Might sound stupid but I thought I would ask! +Hi all! I am a server and a substitute teacher. In my state, restaurants are closed except takeout and delivery AND schools are closed. In other words, I have no income for the foreseeable future. I’ve already applied for unemployment, but don’t know when/if I’ll receive it and how much I’ll even get. I’ve been working hard to pay off my CC (about ~4,000, only debt I have) but will probably not be able to even make the minimum payment this month. I know a lot of larger companies are working closely with customers in situations like mine and I plan to reach out to the company (Discover) in the next few days. But, what do I ask for? Is there anything I should know before calling? I can be a bit of a people pleaser/pushover sometimes and I want to make sure I get as much as I can, considering the financial uncertainty I face. Thanks so much! + +UPDATE: +Just got off the phone with them. First woman I spoke to said she can cancel my minimum payment for April & May, but can’t do anything about interest. I asked to speak to someone higher up (thanks to responses here) and was told “she’s just going to tell you the same thing”. Got on the phone with rep #2 and didn’t even have to say anything, she just went ahead and cancelled my interest for 2 months. Thanks for all the help guys! +I am a mid 30s white male with some college and I have been working since I was 18. Most of my work was full time in nursing and management. I was a little burned out by my last job in the medical field so I decided to try something different. I was hired via a staffing company to drive a forklift in a warehouse. They allowed a ten minute break in the morning, 20 minutes for lunch, and ten minutes break in the afternoon. I was very happy to see 3pm arrive as that was time to go home, I thought. They wanted me to work from 7am to 5pm Monday through Friday and also every other Saturday. At the end of my first full week I was very tired and explained to my supervisor that I am not willing to work that long, that I would be happy to keep working 40 hours a week but that was all. He politely explained to me that they were short 70 to 100 people and that's why everyone is required to work mandatory overtime. That I was scheduled and expected to come back in the morning(Saturday)for my 6th straight day. I thanked him for his courtesy and quit. I am not getting the infamous unemployment that keeps getting blamed for the labor shortage nor have I ever. I went to 2 other factory ish jobs to apply and they were both scheduling 48 hours a week. I think the labor shortage is less about unemployment payments and more about employers being insufferable. What is it going to take to get companies etc. to allow better conditions for employees? Please note that I didn't leave because of pay rates but because of exhausting schedules and not enough rest. I won't deny that unemployment benefits prolong some people staying unemployed but I think theirs a lot more to it. Thoughts? +Let that sink in... + +1/27/21 +$347.51 Close Price +~93.3 million volume + + +1/29/21 +$325.00 Close Price +~50.5 million volume + +(edit: ty u/flori4ika) +6/2/21 +$282.24 Close Price +~16 million volume + +6/7/21 +$280.01 Close Price +~5.8 million volume + +Just imagine what the price will be once the rocket takes off and volume actually increases... + +Edit: I’ve never actually posted on Reddit before so my formatting game is weak, but pulled this data from https://finance.yahoo.com/quote/GME/history/ + +Edit2: thanks to u/flori4ika for keeping me honest here. 6/2 closed at $282.24. good catch! so today's close is actually the 4th highest. Still super crazy considering the low volume. + + +Today i finally closed out my credit card after having it for 7 years. It has been one of the biggest stresses in my life and constantly the number 1 worry whenever i lost a job because i was not sure if i could meet the repayments in time. + +I started this card in 2015 with $5000, thought it was pretty manageable. In 2016 i jacked it up to $9000 and i was stuck ever since. I maxed out the card quickly and never got to paying it back. I did cash transfers as well to my other accounts and the interest stung like a wasp. I just chose to ignore it and not bother doing anything about it. + +The interest kept racking up. $220 of interest a month it peaked at and it stayed like that for years on end. I would pay the interest every month just to keep my neck above the water so it did not lapse and default after 60 days. One month i forgot and it almost did default. The Missed payment is now on my credit report as a result of that. I'm glad it did not get any worse. + +I never told anyone about this debt i had. I kept it all to myself. I didnt tell my family or friends. I didnt want my family to stress over it or be on my back about it too haha. I just kept it hidden from them and honestly from myself too. It was not until April of this year i finally realized i had to get my shit together. I'd be turning 29 in august and i wanted to make something of myself at least in my 20's, be it debt free or finally own a home. + +I was going paycheck to paycheck on a $86.7K a year salary. I had 0 dependants and lived in a 4 bedroom house with 1 other roommate. I was out of control. In April i had bought a brand new ipad i didnt need and a new TV i didnt need. After making these purchases i woke up the next morning and just realized what am i doing. It was like a massive come to jesus moment. To top things off as well i had just found out my mother was diagnosed with cancer as well. I realized time was running out and i had to act NOW. + +I heard about this book called "The Barefoot Investor" after seeing it some how come up in my recommended on reddit. I decided to get the audio book and give it a go. Once i listened to it, it opened my eyes entirely. Like as if everything finally made sense. The desire to go paycheck to paycheck on useless gadgets and food was thrown into the bin. I suddenly had this CRAVING to start saving. I started writing up budgets, cutting every single expense i could that i didnt need. I started tallying up all the useless gadgets i had around my home i was not using. I found i had over $10000 worth of things i could sell. That was going to pay for my trip to japan. + +I started writing up budgets and meticulously going through it weekly, ensuring i was staying on top. I used the bucket strategy from barefoot and i made sure i made separate bank accounts for all of them. I started to take things seriously and take control for the first time in my life. Last year i said i'd get myself debt free in 2022. I started the year off by paying off my car loan in January due to a job that paid out and my mate oweing me some cash. I slipped for a few months and continued bad habits but in April it all came together. + +Not even 3 months later, here i am with a cleared credit card. I'm on track to have my other debts (Zip Money and some DJ Gear i'm renting) paid off by the end of september. And then i'll finally be free. But to finally release the credit card has got to be one of my biggest achievements as of late. I won't be holding on to it. I'll be closing it out in full and cutting it up. I thought about keeping it for emergencies (until i make my own emergency fund) but honestly i'd feel better if i didn't at the moment. + +Not here to gloat or whatever. Just another success story. I've never been this excited to finally have control over my finances before and i can't wait to clear the rest of the debt and start my journey saving for a home! +Citadel is a Market Maker and they're responsible for filling orders even if no one is selling that stock, this insures that a security always has volume. This is how a synthetic share is created. The MM fills an order and if they can't buy a real share (they can't we own the float) to deliver to the broker it creates a failed to deliver after t+35 (according to rule 204 https://www.sec.gov/investor/pubs/regsho.htm). The Texas lawyer said that they will hide their FTDs by sending them to companies in other countries that aren't subject to the reporting rules of the SEC. + + +The recent Robinhood data proves (to me at least) that coming up with real shares is really difficult, Robinhood has to have a real share to transfer it to another broker. There are so many people that have transferred out of Robinhood that they are out of real shares and only have synthetic shares left. So, they're paying a $1,000+ for real shares in dark pools because they have ten days to transfer the share. + + +If Robinhood is having these issues coming up with real shares, then you better believe that Citadel is having problems coming up with real shares and they have to fill orders whether they can come up with a real share or not because they're a Market Maker. It makes sense to me that they are filling every order everyday with a synthetic share because we own the float and we aren't selling. Every time they create a synthetic share, even if they hide the FTD from the SEC, they still have to deliver that share one day. Basically they're creating millions of synthetic shares everyday because no one is day trading GME and they are still responsible for buying that share and delivering to the broker, it doesn't matter if the price of GME is $160 or $100,000 they have to buy the share to deliver it. Citadel is fucked. + + +Edit: A synthetic share isn't a real share, it's just an IOU from the MM, it shows up in your broker account as a real share, but it's marked in their system that it's just an "entitlement" to a real share. + +From Dr. Susanne Trimbath + +"But in a system wracked with fraud, traders engage in naked short selling, when they sell stock they don‘t own and never buy to deliver. So now there are two shares, the real one that was never delivered and a phantom “entitlement” given the unsuspecting buyer which is recorded as such by his broker. And which the buyer can now sell! Because the brokers pretend there are real shares there." + +"People who buy the undelivered shares get an “entitlement,” and the money they paid stays with their broker, who can use it, interest free. The dollar value of shares purchased but not received is a free loan from the investor to the broker. The investors don‘t know. The broker is not required to tell the client that he took the payment and did not receive any shares." + +This means (to me) that a broker has two pools of stock, real shares and synthetic shares. The synthetic share shows up in your account as a real share, but the broker knows that it just an "entitlement" to a real share. But, a broker can't transfer an "entitlement" of a share to another broker. So, they send their real shares and when their clients buy more shares they get real shares back from the selling broker. + +https://www.thekomisarscoop.com/2020/03/how-phantom-shares-on-wall-street-threaten-u-s-companies-and-investors/ + +My biggest take away from all this, this is the first time in history that all shares for a heavily shorted stock got bought up and held. This puts the MM in a very bad situation because they've shorted the stock, so they have to make sure the price stays low or they could get liquidated. They have to fill orders everyday because they are required to even if they can't come up with real shares, this forces them to create millions of "entitlement" shares that they have to cover one day. It's really the perfect storm. + + +Edit 2: For everyone saying this was disproven because even dark pools are recorded in the NBBO. + +"Dark pools and other alternative trading systems may not always appear in these results, given the less transparent nature of their businesses." + +https://www.investopedia.com/terms/n/nbbo.asp +Okay, So I recently posted a rental on Craigslist and received my first hate email. The house was just fully remodeled and to be honest is priced fairly reasonably. 3 bedrooms in this town go for 1600-2100, where this property is a 4/2 and listed for 1950. Has this happen to anyone else ?! Do people have more time on their hands during the pandemic and need an outlet? 😂 + +Email- +“On a true-value basis, you're charging about three or four times what that place should be worth. + +It's a common phenomenon--it's called the Great American Lie, and it's what creates "bubbles" that burst and shit all over everything underneath. (Under the Great American Lie, everybody grabs and grabs and grabs and grabs, and they all grin while they're b***-fucking each other.) + +I think the pandemic is going to make a lot of people a lot smarter--probably not you, but you're too fucking greedy to matter. If you couldn't le*ch off other people's hard work, you wouldn't have one stinking thing.” +I find it amazing the amount of bystanders that stand at the side and check the charts 45+ times a day, waiting for the inevitable green dildo to send $GME to the moon. + +It is the same bystanders that hold XXX shares with Fidelity and or Vanguard that could easily send this to the stratosphere. + +If you are passionate about the stonk, put your money where your mouth is and make the phone call. + +Back from Croatia 🇭🇷 + + +No no, seriously. Thank you for all of their fuckery. Why? Why would this old wrinkly ape be thanking the enemies of the people? Because there is nothing like the enemy laying their cards on the table so you can see their hand. + +So they have willfully provided a means to short $GME infinitely. What a sense of timing right before the Splividend! Wow, no hiding which side they are on now! So much for GG and GG (Gurbir Grewal, don't forget him. We had high hopes for you Gurbir :( ) + +What do you do when the enemy plays out their hand, pulling one last card out of their sleeve to play 4 aces and all of them are diamonds? We all know they cheated, so how do you respond? You withdraw your securities from the DTCC of course and put them on your own exchange where only demand and perceived value determine the price. You walk away from the house's table and set up a game of your own at your house. YOU make the rules, you determine the stakes. And how do the cheaters win on a table where everyone can see the cards all the time? They don't. It's a fair game played by real people and not high-frequency trading algorithms manipulating the pot in their favor. + +So yes, thanks SEC, Citadel, Susquehanna, Melvin Capital (Hahahaha, gotcha!) and anyone else on the wrong side of history on this one. FUCK YOU! We ain't leaving. No cell, no sell. We'll make our own market. Maybe with blackjack but let's leave the hookers alone. I am sure they are tired after working at the SEC all day anyway. +My portfolio is red since ATH. I know it was a mistake to buy during ATH but I'm in it for long term. I don't care if I'm still in red or green. Regardless of my situation, ETH is doing GREAT! +I think this post is mostly for people are quite serious about turning trading into a fulltime income and the mentality that will keep you on the path to success. I think people very often overcomplicate the path to excellence in trading when I think the root principals are quite simple. I might ramble on a bit but I really think this could be valuable for someone who really wants to become a trader. + +So to get started I should explain how Kobe Bryant is involved in this sort of cross-analogy. Kobe Bryant as most people know was a 5 time champion in the NBA and considered to be one of the all time greats of basketball right along with Michael Jordan. What is so special about Kobe is what he accomplished in his career off of a pretty basic mentality that was executed at the maximum consistently. If you watch interviews and learn how he approached becoming so elite, the answer wouldn't surprise most people. He at the minimum would take 2000 shots a day. Not just going to the 3 point line and shooting, he knew exactly which shots would give him an edge on the court and which situations would grant him the opportunity. The compounding effects of shooting 2000 shots on top of his practice as well would make it feel like second nature. Kobe was in love with the process, and that's what launched him to his greatness. + +Now to bring this back to trading, not everyone has to be Kobe Bryant. Everyone has heard the statistic that 95% of day traders lose, but honestly that statistic should give you hope. You only have to make it to the top 5% of traders to turn this into a quite generous salary that is scalable. And like I mentioned at the beginning, this is a more simple process than you think. The hard part is being consistent and staying in the game long enough. To tie it back to how I am profitable, I have hours and hours of time watching level 2 price action, to the point where I believe that I could trade with only a level 2 chart decently well (But I won't cause that's just dumb). The biggest problem that I ran into as a beginner was not knowing what I don't know. It's hard to study hard when you don't know what to study and you just feel lost. So lets break it down, Traders rely on volatility to make money, so they need high volume, high liquidity movement. All you need to be doing is watching the stocks that everyone is watching. If you are a beginner, take very small size, watch stocks that are moving with above average volume (Any basic scanner or chatroom will tell you which names are moving), and just start trading them. The key here is literally just to trade as much as you can. I record most of my trading day so that I can go back and watch important moves that I lost on or won on. If you are trading every day, journaling, watching your trades back, and just actively trying to get better then become a profitable trader is just inevitable at that point once you start compounding time. On days that it feels like you are getting worse or you just feel frustrated, just remember that progress isn't linear and if you remain consistent, results will come. + +Now lets talk about how to find your "shots". Like I mentioned earlier, Kobe wasn't just shooting 2000 random shots, he already had lots of experience in games and scrimmages to know which shots, that if he mastered would be undefendable. If you watched Kobe at all, you would know that he basically mastered the jump shot and could hit it from literally anywhere. So now how do we find the moves or patterns to learn? On the most basic level, if you are trading long, then you are looking for moves that go up. Finding a pattern is a more natural process than you would think. If you are making theory about where the price is going to go along with backing them up with trades, then naturally you are going to start to recognize patterns. People have different technical strategies and how they execute, but all strategies all really fall under the same categories. Either you are trading continuation, or you are trading reversal. Just figure out what time frame you want to trade on and what type of asset you want to trade (I'm a smallcap trader personally). Once you recognize a pattern, then you really have to start to go back and analyze the moves, figure out what signals mean the trade is working, and what signals mean you should be getting out or reducing your risk. Unfortunately I, along with most people, will learn the boundaries of our strategies by losing over and over again (Which is why you should be trading small and earning your size). But once you figure out and really flesh out your strategy, then it is only a matter of trading it over and over. On trades that I lost particularly too much on, or very large outlier trades, I will use the thinkorswim ondemand feature to trade those moves over and over again so they become like second nature when it comes to executing them again in a live market. This is also partially why I lean towards scalping, because short moves will happen a lot more often than longer term trades so I can get a lot more experience a lot quicker. + +So to wrap this up, just understand that the key to this game is repetitions. I truly believe that trading is performance sport just like basketball and using Kobe Bryant's philosophy can help you simplify the process. Imagine if you total 2000+ hours trading, journaling, and watching recordings. In my opinion you would have to be doing something extremely wrong if you aren't a profitable trader by then. I have literally spent over 2000 hours on pretty shitty video games, so there really isn't any excuse if you want to make it. + +&#x200B; + +And for the love of god humble yourself and use small size until you can prove consistency over a long period. You can't stay in the game if you blow up your account. +So we have been observing in our personal lives and perhaps in your professional lives how high inflation is painful. + +But why is *some* inflation desired? Ive read before that any inflation encourages spending cash in bank accounts on either goods or investments. But it seems to me like hoarding cash is usually unappealing even if inflation were 0%. For instance, investing will still yield more returns on average than holding cash. Is 2% really that much better than 0%? +I don't really have anything to add to this thread myself. Just wanted to throw it out there and see what people come up with to discuss. It's also very possible that the statement in the title of this thread is no longer true as the post ages. Here's some additional stats: + +&#x200B; + +PE ratio: + +Nvidia: 73 + +Intel: 11.3 + +&#x200B; + +Revenue: + +Nvidia: 11.78B + +Intel: 75.7B + +&#x200B; + +Gross Profit: + +Nvidia: 6.77B + +Intel: 42.14B + [Demand for new homes has teardowns on the rise in Detroit suburbs | Crain's Detroit Business (archive.ph)](https://archive.ph/aAZrH) + +One of the contributors to this article said their company used to buy homes in the $25-$40k range to tear down and rebuild. Now they're buying up older lakefront homes up to $600k, tearing them down, and building $1.5M homes. + +Are you seeing this in your areas as well? +Feeling a little lighter on your feet today guys? + +Good. + +But this shit is far from over. + +That feeling that you have the titillation, the exuberance, shove it down. + +Cold, resolved, and calculated. + +These are the emotions you need to be feeling during this. + +Leave nothing on the table, this ran too hard and too fast today. The stops are pulled. There is nothing these fuckers will not do to stop us. + +Remember, you deserve this every fucking penny. + +Whether you never had the chance or the opportunity to make something of yourself. If you don't feel worthy. + +You are. + +This is that shot, that opportunity, maybe it was never given to you, maybe you never earned it. + +Well here it is, earn it now... + +Take these fuckers for everything they have because they would do the same to you. + +❤️🦍 + +- Gherkinit + +Edit* + +Market psychology effects everyone, whether it be fear, exuberance, greed etc. For those of you that think you sound so cool saying shit like "what happened today" or bragging about how long you've held. Do not be inconsiderate towards the feelings or concerns others have. +If your zen as fuck and you've been trading the markets since you were a fetus, awesome. + +Then keep it to yourself. + +This is for the thousands of apes that are scared, uniformed, nervous. The ones that don't know what comes next or feel that they don't deserve what's yet to come. The ones who have everything to lose and everything to gain. + +Be there to support them. +Use your zen for good. +Notes from the FM's press conference + +**Intro** + +* Today's is the last tranche +* "The pandemic has given a message to India, and an opportunity" +* So far - DBT done since lockdown - 16.9K cr for Kisan Samman, 2.8K cr for other pensions, 10K cr to women having Jan Dhan accounts, 3,9K cr for construction workers +* Also 8cr or so free gas cylinders, 3K cr advances from EPF +* FCI, NAFED and state govts distributed food grains - PDS and free +* These supposedly addressed the 'life' part; today's part is on livelihood +* Focus today on MNREGA, Health, Education, Business, Companies Act, Ease of doing business, PSE, Resources for state govts +* Would also provide break-up of the total +* About 15K cr spent on health expenses during covid; almost 1 cr each of PPE and N95 masks provided + +&#x200B; + +**Announcements** + +1. MNREGA - **Additional 40K crores** \- can generate 300 cr person days of work +2. Education - Additional digital resources, including additional TV channels +3. Health - additional measures and expenditures <comment - missed some parts here> +4. IBC - **1 year moratorium** for new proceedings; IBC floor raised to 1 cr from 1 lac; separate provision for MSMEs +5. Companies act - Further decriminalization of technical and procedural violations; compoundable offenses can be handled at local level (more than bill introduced in parliament) +6. Listing - Companies can list directly in foreign stock exchanges; Listing of NCD would not make the company 'public' +7. PSE - Major changes - **PSEs would exist only in 'defined areas'**; max of 4 PSE in such areas; all sectors open for private; PSEs exceeding the limit would be privatized, merged <comment: can have major impact on PSU banks) +8. State govt support - 46K cr was devolved to states fully per Budget Estimates; revenue deficit grant of 12K cr was done on time in Apr and May; advance release of SDRF 11K cr in first week of April; Health ministry released 4K+ cr for covid work; RBI measures on WMA; +9. State Borrowing - Limit increased from 3% (6.41 lac cr) to 5% for FY20-21 (BTW states have used only 14% of the limit so far) Can provide additional 4.21 lac cr envelope to states +10. Upto 3.5 extension is unconditional; Next 1% would be released based on specific reforms in tranches of 0.25% e.g one nation one ration card, district level reforms, power reforms, urban reforms; last 0.5% when milestones are achieved in at least 3 of 4 ares + +**Break-up of numbers** + +* PM Garib Kalyan - 1.7 lac cr, revenue lost due to tax conncessions - 7.8Kcr, Health sector - 15Kcr - this is in the initial days of lockdown +* Tranche 1 - 5.94 lac cr - MSME working capital - 3 lac cr, other MSME - 70K cr, EPF support - 2.8K cr; liquidity for NBFC/HFC - 30K cr; credit guarantee - 45K cr; liquidity in discoms - 90K cr; TDS reduction 50K cr +* Tranche 2 - 3.1 lac cr - Housing CLSS - 70K cr, agri capital - 30K cr, credit through KCC - 2 lac cr, etc. +* Tranche 3 - 1.5 lac cr - MFE - 30K cr, Agri infrastructure fund - 1 lac cr, fisheries - 20K cr, etc +* Tranche 4,5 - 48K cr - +* RBI measures - 8,01 lac cr (actually utilized from total of 9+ lac cr) +* Total of 20,97,052 cr + +**Questions** + +* No list yet of PSEs to be divested +* (missed the other questions as the channels got impatient. there was a heated response to a politically loaded question.) + +&#x200B; + +Previous threads + +[https://www.reddit.com/r/IndiaInvestments/comments/gksj1h/stimulusrevival\_package\_tranche\_4\_may\_16/](https://www.reddit.com/r/IndiaInvestments/comments/gksj1h/stimulusrevival_package_tranche_4_may_16/) + +[https://www.reddit.com/r/IndiaInvestments/comments/gk6ne3](https://www.reddit.com/r/IndiaInvestments/comments/gk6ne3/stimulus_package_tranche_3_may_15/)[/stimulus\_package\_tranche\_3\_may\_15/](https://www.reddit.com/r/IndiaInvestments/comments/gk6ne3/stimulus_package_tranche_3_may_15/) + +[https://www.reddit.com/r/IndiaInvestments/comments/gjks4z/stimulusrevival\_package\_tranche\_2\_may\_14/](https://www.reddit.com/r/IndiaInvestments/comments/gjks4z/stimulusrevival_package_tranche_2_may_14/) + +[https://www.reddit.com/r/IndiaInvestments/comments/gicuvd/20\_lac\_crore\_economic\_package\_key\_notes\_from\_pms/](https://www.reddit.com/r/IndiaInvestments/comments/gicuvd/20_lac_crore_economic_package_key_notes_from_pms/) +I sold a call on my Roth IRA account expiring 7/15 and was ITM that I was hoping to roll over to next week. I just ended up on the less than 5% chance of getting assigned early so now I am on the hook for 25K. The current account balance is only 15K. I cannot deposit 25K on my Roth because there's a 6K contribution limit and even if all remaining assets are liquidated, adding 6K will still not cover it. What are my options? + +Update: The one thing that seemed amiss was that there was a corresponding cash credit (unsettled) as a result of the assignment but it looked like I was not able to use that credit when I tried online. I called the broker and they used that credit to buy the shares and cover the short. I got confused on why I wasn't able to use the credit and thought I needed to use existing cash on hand only. + +Update 2: I'm copying one of my replies below, which sums up what happened. + +It was a case of early morning stupidity more than anything else. As a rough example, I have $5K in settled cash. The assignment gave me $24K unsettled credit and I'm short shares that cost $25K at that time. $24K + $5K should be more than enough to cover but gave me an error when I tried online. I wanted this addressed today because I have no clue when they will force liquidate. So I panicked and my initial thought was how am I going to cover this on a Roth when they're not letting me use the credit, hence this reddit post. Since then, I've calmed down and realized that: + +1. If you have the funds and somehow can't do the trade online, call them and they will do it for you. I was able to buy back at $24.5K so it worked out. +2. Options settle T+1 so I "should" be fine to wait until everything settles on Monday. In hindsight, this would've been the better route. I've never been margin called in my regular account so I don't know how many days I had. Not that it matters, I hope I don't get a trading violation for buying with unsettled funds since I technically did not sell what I bought. + +&#x200B; +I made a transaction from Coinone to Bittrex Exchange. + +But there is no deposit in my wallet and no pending deposit. +Bittrex Exchange do not solve my problem for 9 days. +They do not respond to me on twitter, facebook messenger, and suppert tickets. Automated replies only. + +The account explorer shows its correct. But i cant find my 333230 XRPs, worth 400000 USD. +What can I do? It's all about my money. +Why this terrible situation happen in my life. It's a nightmare. +Someone cheers me XRP price elevating. But i dont have that XRP, now. + +Frankly speaking, I feel some psychotic problem. +When i see price up, i feel manic. +But when i see my empty wallet, i feel depressed. +It repeats all days. +I lost my weight 4kgs for 9days. + +https://imgur.com/a/Qf2rd + +The transaction was successful, and validated in ledger 34982284 on December 13, 2017 12:05 AM. + +TXID D85B54E292EE6B01673DE5A18D15B771D6611E39B64B772003B29B8F66899CF9 Address : rPsmHDMkheWZvbAkTA8A9bVnUdadPn7XBK to rPVMhWBsfF9iMXYj3aAzJVkPDTFNSyWdKy. Destination tag: 668272229 + +Support ticket #694753 + +HELP ME PLEASE UPVOTE + +Please upvote, everyone should know this terrible risk and avoid it. << +Please upvote, Bittrex team can see this and solve the problem. << + +UPDATE: +I wrote same text at 'cryptocurrency', bigger sector. +And many redditors upvoted about 5000k. +Now A member of Bittrex support team replied to me at my ticket, 2days ago. and he said my issue was escalated. +But my wallet is still empty. +I guess they go X-mas vacation without correction of my problem. +Oh.. It's very happy merry holy X-mas for them. I'm not. + +I think they did not read my support ticket carefully. +Obviously, i made the transaction with perfectly correct address and destination tag. +But their reply said to me i had to add tag. Haha... + +I wish i can update with fixed problem. + +UPDATE: + +26th Dec. +Not fixed.................. + +2017-12-28. At last. My problem was corrected. Thank you redditors!! : ) +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) +Uber will not be granted a new licence to operate in London, Transport for London (TfL) has said. + +The regulator said the taxi app was not "fit and proper" as a licence holder, despite having made a number of positive changes to its operations. + +Uber originally lost its licence in 2017 due to safety concerns, but was granted a 15-month extension. + +Uber now has 21 days to appeal against TfL's decision and can continue to operate during that period. + +It had received an additional two-month extension in September which expired on Sunday. + +https://www.bbc.co.uk/news/business-50544283?ns_source=twitter&ns_linkname=news_central&ns_campaign=bbc_breaking&ns_mchannel=social +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +As I looked back over my cost basis info tonight fury rose up in me as I saw some of the purchases I made in the 300s back in January. Obviously I never sold a share, so the loss on those purchases remains on paper, but it doesn’t change the fact that criminals cheated me out of my hard earned money and hugely devalued those shares through illegal means. + +No one who bought in the 200s 300s or 400s made a financial mistake. Those shares were headed into the thousands without those cheaters intervening to rob retail of a fairly won victory. +&#x200B; + +https://preview.redd.it/uve8vgz9dm271.png?width=1600&format=png&auto=webp&s=8e65c01169ff4800c472dede5fa9dd5ad7463e66 + +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/bkoyqa0cdm271.png?width=680&format=png&auto=webp&s=19967667ff879bd5cd124a2c8c1b3f66b268d628 + +Let's start with the basics once more! + +[VOTE!](https://reddit.com/link/npq4vp/video/z20umojfdm271/player) + +Be sure to vote with your shares, don't think it won't matter because it does, over-voting would show there are lots of things being wrong and would give the company a much needed excuse to call their votes back in. + +Also for the 6/9 (nice) annual shareholders meeting, remember that we will most likely not see a lot happen to the stock immediately after this because if they have something planned (NFT/Dividend/ recounting their own shares etc) it can be mentioned there but could still take some time before it can be implemented. + +Like the NFT is set to launch around the 14th, if they were to give a dividend it could also be a few weeks, a recount can take a lot longer though, due to the audit process being very specific it may take a month or maybe longer (I can't say, or imagine, how long auditing the shares would take as this is a scale because the situation unprecedented) and there is a chance the vote count can be doctored to make sure it shows a non accurate vote count, regardless of everything just hodl and wait, as news reports have already stated SHF have list close to 2 billion usd just from Monday till Wednesday, but also these are "paper" losses as there is only an actual loss once they close their positions. + +[https://www.reddit.com/r/Superstonk/comments/nlpz4h/your\_votes\_are\_important\_the\_time\_to\_vote\_is\_now/](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +&#x200B; + +https://preview.redd.it/rqkm5rjcjm271.png?width=960&format=png&auto=webp&s=fc4c10bcbe371f46a99714afa46f886ff752d608 + +# Congrats on the upgrades! + +First of all I'd like to start with giving a shout out to two fellow mods, u/bye_triangle and u/pinkcatsonacid, as has become normal for us, in the beginning moderators get limited powers (just so we know they're doing a good job etc etc), well both u/bye_triangle and u/pinkcatsonacid have gone above and beyond on many occasion and are as of right now full moderators. + +u/redchessqueen99 had already made a post announcing this but I just wanted to give these awesome apes a shout out myself and congratulate them <3 + +&#x200B; + +https://preview.redd.it/9zv9rx9tdm271.png?width=960&format=png&auto=webp&s=922e358a5b782bb4dbe2216db9c07151a7e7e16b + +Having a friend at a HF is so hot right now.... + +&#x200B; + +# Gamestop stopped geoblocking their website + +As some people over the past week have noticed GameStop has opened up their websites accessibility to worldwide instead of usa only, this is very bullish imo. This because if you look at websites like Amazon they have the same website available everywhere, and the products available change, meaning there is a fairly decent chance we can see a worldwide shift in how they do business. + +Gamestop used to be very different from how their German/Australian/Usa/Canadian stores did business, among which there were different names (GameStop, Ebgames, Gamestopzing, etc) so there is a shot they will be looking into unifying these (given the international recognition the brand now has it would be smart), then adding fulfillment centers outperforming Amazon in delivery time, this is a lot but it all starts with a simple website being accessible to everyone. + +&#x200B; + +https://preview.redd.it/2kbjymkxgm271.png?width=640&format=png&auto=webp&s=7ec71585f8f0cad12e30fbe7eda6ce49b6647c6e + +# DTC-2021-005 + +I just want to remind everyone that this document has been missing for a few months now, it was "offline te be reformatted" due to a "formatting issue", but Gary Gensler has only been working for 7 weeks... + +Not a lot of comments here, just making sure (just like other apes on the sub) that this important document doesn't fade into obscurity). + +&#x200B; + +https://preview.redd.it/lqbadq4zgm271.png?width=500&format=png&auto=webp&s=0b4f0af13e230682fe363ccdee4f60c79562b00d + +# Fud + +A clever ape did a writeup of all the FUD we have already seen and overcome, it's nice to look back because the only way to make sure we don't repeat history is to study it. + +[https://www.reddit.com/r/Superstonk/comments/np3v7r/fud\_campaigns\_weve\_endured\_so\_far/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/np3v7r/fud_campaigns_weve_endured_so_far/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +[All apes this long weekend](https://preview.redd.it/a34cd4f1hm271.png?width=717&format=png&auto=webp&s=0e70374e1f291d16d2987eee1116294c5d121172) + +# Etoro + +Now this is the juicy bit, we've seen a lot of speculation on this one, we have seen people extrapolate information from the statement that Etoro has 1.5% of GME holders, then we've seen people think that this means that we have a couple of options + +1. gme has 89 million sharews +2. gme has over 1000 million shares +3. etoro is stating amount of users that they have they have 1.5% (meaning 98.5% of their users dont have gme) +4. something else entirely + +Now we can't answer for sure what this means, I'll be looking into it today and reading peoples DD on this and see if I can form a wrinkle, after that I'll be contacting the CEO from Etoro (full transparency like always: due to some weird happenstance a twitter user put us in contact and we had a brief interaction, hopefully due to having this line of communication open I can ask him a question about this, but again there is no security that he will even answer, nor does he have to as I'm still just a regular ape and not some bigshot), and for the people saying "why the hell would he talk to you?"... dude I've been wondering the same thing 🤷‍♂️ + +Again take these numbers with a grain of salt and a bucket of "inconclusive" + +&#x200B; + +[For \(R\)\/Cohan!](https://preview.redd.it/a8oxbtffhm271.png?width=960&format=png&auto=webp&s=1a948bbe47f2fb794509f9599b92a78139c9de3d) + +# Citadel is filing form D's + +A smarter ape has written a piece about the recent filings of Citadel, namely their form D amendments, and what they mean and what it could imply, give it a read [here](https://www.reddit.com/r/Superstonk/comments/np6f78/citadel_has_been_filing_form_d_amendments_and_ill/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I wont give a synopsis of this because it's fairly short and well and easily understandable. + +&#x200B; + +https://preview.redd.it/prkjdp8ohm271.png?width=960&format=png&auto=webp&s=6e3b93569773d16ca66b9885f37ed2d629b9822e + +# Parting thoughts + +Now before I go slip back into my cave for the day I do have some thoughts that wont fit in the news stories naturally so I'd rather do it here separate from the rest. + +First of all guys chill the fuck out, there are trolls, shills etc, these people are doing what they're doing for one thing only, to get you to respond on an emotional level, don't get lured out and just relax, remember who benefits from shaking["The jar of ants"](https://www.reddit.com/r/Superstonk/comments/nn5xnf/the_jar_of_ants/)? + +There is no sense of urgency to speculate on Etoro or other traders total amount of shares, this has become a game of patience, if Etoro/degiro/yomama has 10% of the float or a 100%, I believe at this point we've found out that we at least own the float (AT MINIMUM) atleast once, meaning... it doesn't matter how many shares there are (even though it would be cool to know) again, the mantra of "Buy-Hold-vote-zen" applies, be zen, be chill just wait. + +The shareholders meeting, I've seen a lot of people talking in a way that everything will pop off at the meeting itself, don't hype yourself up to much my friend, even though I would love to have this pop off then I believe that the day of the annual sharehodlers meeting may be a sideways day. Again No dates, so only Jaques your tits to about 60%, no full Jaquesing (even if I personally hope it will pop off at the same day, lets remain realistic ;) ) + +And as always, Expect fuckery + +&#x200B; + +https://preview.redd.it/7vwl7b8yjm271.png?width=554&format=png&auto=webp&s=f992f4f07dd3eec3b404596ba1f736fca2eeba48 + +# 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/ke1l5aq5km271.png?width=400&format=png&auto=webp&s=b4a0fbd4174f8aeac5e56f5451d9ff692aae6023 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +Edit: + +DFV HAS SPOKEN!, HE IS INDEED A CAT! + +[https://twitter.com/TheRoaringKitty/status/1399727581369409539](https://twitter.com/TheRoaringKitty/status/1399727581369409539) +So I've been doing some scalping on pairs with high spreads in cryptocurrencies previously with great success, but I finally figured I'd give forex a real shot (was into it a few years ago, but didn't go live). Last time I scalped in crypto, I had 14 out of 14 successful trades, but only about a 10% profit. I haven't heard about anyone scalping the way I do in crypto, but I find my method extremely reliable when I just find the right pair to trade. This is just to say I have *some* experience with trading, but I'm by no means an expert. + +Now, I've been scalping the past few days with a paper trading account on TradingView. I've mostly been trading the US Currency Index, S&P 500 and some crypto pairs thus far. I'm scalping on the 1m time frame using bollinger bands and looking at trends, price action and stoch RSI for confirmation on my entries. I started out with 100k a few days ago and first doubled my account to around 200k and then did a 1,3 mill trade, but I was running like 500-1000 USD per pip, so if the market turned against me, I'd be liquidated real quick. While the trades were good, I figured I was disconnected from the risk I was taking because it isn't real money, and I wanted to try doing more conservative and realistic trades, so I reset the account yesterday. + +**Edit (more trades done):** Since the account was reset, I've done 45 trades where I've lost on two of them. If my math serves me right, that's about an 95.5% win rate. I'm up around 77.5% currently. I did lose 1500 on one trade, but that's because I by mistake placed a sell order when I was supposed to add another buy order double down on my long position, so I'm not counting that one in (but I'm not counting the 1500 I lost as profit either). I have a very strict strategy I'm sticking to when doing these scalps. I realize 45 trades is not a huge sample size, but that is kinda why I'm asking: + +**How many trades should I do on the paper trading account before I should run it live with confidence?** + +For anyone who might be interested, here's my account history: [https://imgur.com/a/zuRSWwd](https://imgur.com/a/zuRSWwd) + +Edit: here's 6 trades more: [https://imgur.com/a/CmbyU6n](https://imgur.com/a/CmbyU6n) + +Edit2: some more trades: [https://imgur.com/a/q9xqVyq](https://imgur.com/a/q9xqVyq) + +Edit3: I think we're up to 45 trades now: [https://imgur.com/a/CsWZEN7](https://imgur.com/a/CsWZEN7) +I’m really encouraged by this community. Whether its the noob questions or pro advice, I’m finding that I know a lot more than I give myself credit for, but also always have so much more to learn! I’ve been trading for 2 yrs now and what keeps me going is finding people I can relate to. Most of my friends are locked into careers so sometimes it’s hard to find people that can relate. Hope y’all have a good profitable week! +The Bonfire has been lit. + +This coin has absolutely crazy moon potential. + +It's a community-owned token. Rug-pull proof (ownership-renounced, liquidity burned). + +It has hit up to $25M in just three days + +Only three days old, the community has responded in turn already paying for a PooCoin ad and are currently looking at getting a billboard in Times Square. Seriously, they got a quote for $5k already. + +Dedicated wallet with donations that have already reached $10k, donated by the community within 12 hours! + +It's still super early, and has potential to go up to $100M market cap by TOMORROW. + +Most big whales have already dumped, and now we are more community based and PUMPING! + +I got my bag. Will you? + +Sitting by the comfy bonfire ;) + +Website - [www.bonfiretoken.co/](https://www.bonfiretoken.co/) + +Telegram - [t.me/BonfireTG](https://t.me/BonfireTG) + +PancakeSwap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +Chart - [https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +Our own subreddit - [https://reddit.com/r/BonfireToken/](https://reddit.com/r/BonfireToken/) + +Twitter - [https://twitter.com/token\_bonfire](https://twitter.com/token_bonfire) + +BSCScan: [https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) +I'm not saying the hype days and tweet deciphering are purposeful FUD, but they may be having a negative impact. If we keep waiting and making excuses, we may be stuck in neutral for a lot longer than we want. I believe in GameStop. I believe in RC. And I believe in the DD. However, waiting for some black swan or surprise announcement to trigger Moass may be against our best interests. We have the power in our hands. Power to the players, right? I say we all play and play to win, by DRS-ing. Pull the trigger. Take the leap. If you have any way to, please DRS. + +Every minute we sit around and wait is more time and leverage we gift to hedgies. + +🟣🟣🟣 "Cone! Poo! Chair!" 🟣🟣🟣 + +NFA +Over the last year, I foolishly got caught up in multiple waves of crypto stock euphoria and have been holding quite a few bags since then. While I did manage to unload a few during brief price spikes, I still have 100 or 200 shares each of BKKT, GREE, ANY, and HUT to name a few. + +Every time I see a big spike upward, such as yesterday's market bullish reaction to Biden's cryptocurrency announcement, I say to myself, "Gee, although this ticker is down 50% since I bought it, it's up 20% today. I should sell a CC on it since there's almost certainly going to be a reversal possibly as soon as tomorrow." For example, I sold a $15 put on BKKT back when it was trading for $20. I knew it could tank near term, but I was optimistic long term. On Tuesday it was as low as $4.2 and yesterday it shot up to $5.8. + +I know, intellectually, that the sensible thing to do is sell a CC and lock in some loss mitigation, but after selling CCs on things like MARA last year, which abruptly went *way* ITM, I've been trigger shy. Granted that is a different scenario where I still make a profit, but it is less than I could have made if I waited, versus risking a realized loss. + +What are your strategies? What do you do when your holding a stock/ETF that's well in the red on a strong green day? +I’ve seen a few comments and posts recently with people talking (perhaps even bragging!) about overpaying their mortgage and it makes me wonder if people doing this have really thought about the alternatives. Mortgage rates are still at historic lows, and long-term you will almost certainly see better returns in the stock market (investing in a low-risk, well-diversified global index tracker) than the money you will save in interest by overpaying. + +Over the years this could actually make a huge difference, for example: + +>Assumptions: £300k house, £200k mortgage, 2%pa mortgage interest, 8%pa long term average global stock return, £1840pm to put towards mortgage or invest. +> +> +>**Scenario 1 (overpaying/short mortgage term):** +> +>10 year mortgage term = £1840pm and £20k interest paid. +> +>10 years investing £0, followed by 20 years investing £1840pm = £1.09M +> +> +>**Scenario 2 (long mortgage term):** +> +>30 year mortgage term = £740pm and £66k interest paid +> +>30 years investing £1100pm = £1.65M + +The person in scenario 1 has saved £46k interest by aggressively overpaying/reducing their mortgage term, but even once the additional mortgage interest is taken into account, the person in scenario 2 is **over £500k** better off thanks to investing for longer! + +The UK’s annual tax-free ISA allowance is incredibly generous but once it’s gone it’s gone – a good reason to contribute to a S&S ISA sooner rather than later. And of course, if you invest the money you would have used to overpay your mortgage into your pension instead, you would be even better off thanks to the tax benefits. + +There is risk involved – interest rates could rise substantially and there will be market crashes, but you can mitigate this risk with 10 year fixed mortgages and by ensuring you are investing for the long term (10 years+) . + +There are also times when overpaying can be beneficial - if you're close to an LTV bracket or you know you want to up-size in the next couple of years, but otherwise you're probably better off investing instead. + +For those who haven't, I would highly recommend doing some research into historic stock market returns and index funds, the wonders of compound interest and of course, crunch some of your own numbers in one of the many mortgage and investment calculators online. You might be surprised how much better off you could be! +Down 18% pre market set to open at a new 52 week low, PayPal boasts a consistent track record of earnings and sales growth, stretching back to at least 2010. In that year, it earned 29 cents per share. In 2019, the company reported EPS of $2.96 per share. For 2020, the firm's earnings grew 31% to $3.88 a share. In 2021, the company's EPS grew 18% to $4.60. Analysts expect the company's EPS to grow 13% in 2022 and another 26% in 2023. + +The stock went down 5% when Bernstein took their price target from $260 to $220. Now lower expectations and outlook from yesterday’s earnings report. + +PYPL isn’t going anywhere and hasn’t been available at this price in ~~several~~ EDIT: almost 2 years. +Hi! +What is one stock do you believe is underrated OR that you believe will continue doing well going forward? +Feel free to explain why you think this is a good stock. + + +IEX lawyer was on point and sharp. To the point, countered all the misinformation presented by Citadel's Attorney, and was confident and clear in expressing their point of view. + +SEC lawyer was doing an impression of Porky Pig. Not sure if it was nerves or what, but thank goodness IEX had a rep of their own. + +Would anyone know the name of the IEX rep? Could be a nice candidate for an AMA. +I’m 16 and my dad expects me to be rolling in the dough by now even though I don’t even have a job yet. I’ve applied for multiple jobs but while they take their sweet time to respond is there any good ways to make money online while I wait? I have a bank account and a paypal so that’s not a problem. Thanks! +I don’t have a job at the moment and as a student and due to covid it’s hard getting one anyways, my parents do still give me a bit of an allowance but I find myself spending and not having much on my account by the end of the month. +Long story short, our estranged dead beat father is trying to weasel his way into our lives as an old man again. I know this to be true as it’s happened before. However, now he’s dangling large amounts of money and assets over our heads so we will engage him. Ive been able to verify he is sitting on a large fortune, likely from years of not having to pay real child support or any familial responsibilities. Basically a real scrooge. + +Anyway, Im looking for a way to set up strict terms of engagement- how can I maximize my financial gain while minimizing potential risk, emotional or otherwise to benefit but protect my family? +**Obligatory disclaimer:** This is not financial advice. This is speculative. + +&#x200B; + +&#x200B; + +There has been a great deal of uproar over the recent stock split as a dividend by Gamestop and the DTCC’s handling of this event. I started this out by trying to summarize the difference between a stock split and a stock split as a dividend in their effect on shorts and more specifically, naked shorts. This turned into finally realizing the most likely reason the vote count was not a massive overvote and why the DTCC had to incorrectly file this as a stock split. It also potentially explains the meaning behind 7:41 from Ryan Cohen’s tweets. Through all this, I think that Ryan Cohen fully expected everything that has happened regarding the recent corporate action and has accounted for it. + +**The correct steps that happened:** + +* Gamestop submitted their appropriate filings and announcements for a stock split as a dividend. + * See the SEC website containing these filings, namely the 8-K filing by Gamestop. +* Gamestop creates 3 new shares for every 1 existing share resulting in 4 times as many shares. + * Gamestop confirmed they did this. +* These newly created shares are given to the transfer agent, Computershare, to distribute. + * Gamestop confirmed they did this. +* Computershare handles all directly registered (DRS’d) shares and distributes 3 newly created shares for every 1 existing DRS’d share to the corresponding accounts. + * Computershare confirmed they did this. + * Gamestop confirmed Computershare did this. +* Computershare then hands all remaining newly created shares by Gamestop over to the DTCC. + * Computershare confirmed they did this. + * Gamestop confirmed Computershare did this. + +**Where it went wrong:** + +* The DTCC has not acknowledged that they received shares from Computershare. +* The DTCC communicated to brokerages and banks across the world to process this as a stock split. +* Brokerages are now saying it was always supposed to be a regular 4:1 stock split. Brokerages are saying that Gamestop’s SEC filings and even recent official and public comments clarifying that it is supposed to be a 4:1 stock split processed as a dividend are incorrect. + +**Questions from this:** + +* Where did the shares Computershare sent to the DTCC go? + * Can really only speculate that the DTCC held onto them, distributed them to shorts, or just ignored them. + +**How a stock split plays out for shorts (what happened):** + +* Value is divided by 4. +* Total circulating stock is multiplied by 4. + * 304 million shares are supposed to exist. + * If there are 100 million short shares before the corporate action, there are 400 million short shares after the corporate action. The ratio has not changed. All it takes is a simple multiplication in the accounting for short positions to not be impacted. + * **How this accounting works:** + * Multiply by 4 and go home. +* No effective change to anything other than increased liquidity. +* Shorts are unharmed. +* Brokers are unharmed by DRS or sells because they were told by the DTCC it was a stock split. + +**How a stock split as a dividend plays out for shorts (what was supposed to happen):** + +* Only roughly 76 million shares are supposed to exist before the corporate action. +* Only roughly 76,000,000 \* 4 = 304 million shares are supposed to exist after the corporate action. +* If there are 100 million short shares, there are now 400 million short shares in obligations. That means that 300 million more short shares have to be taken into account. But, they cannot just come from anywhere and it is not a simple accounting fix. + * **How this accounting works:** + * **Assuming legal shorting where an allocation exists from borrowing the relevant share:** + * **What if naked shorting where an allocation does not exist from borrowing a share:** + + + +**EDIT: Overvoting reconciliation methods:** [**https://katten.com/Proxy-Vote-Processing-Issues**](https://katten.com/Proxy-Vote-Processing-Issues) + +Here's a description from the law firm Katten, one of the few entities to discuss overvoting: "If a broker reports too many votes in aggregate, the tabulator will notify the broker of the discrepancy. The broker then rectifies the problem, and resubmits its voting report. How does the tabulator know that the broker has reported too many votes? All transfers are netted at the level of the depositories, such as DTCC, which notifies the tabulator of the number of shares a particular broker actually holds." + +If the DTCC does not allow for duplicate control numbers in their system either due to oversight in code or malicious code, and the tabulator's systems do not allow for duplicated control numbers in their system, when the broker votes duplicated control numbers, neither the tabulator nor the DTCC will need to report an anomaly because it wasn't detected. + +The broker also does not have to technically vote all entitled votes: "A broker following a post-reconciliation model allows its clients to vote all the shares that they hold in their accounts, including any shares that may have been re-hypothecated. If the broker subsequently determines that the process will result in more aggregate votes than it is entitled to register, it will reduce votes in some order of priority, generally starting with re-hypothecated shares in margin accounts and its own proprietary shares. A broker that follows a post-reconciliation model will not always have to “cut back” votes in this manner, because some clients who are otherwise entitled to vote will decline to do so" (again from Katten). So this is another possibility. The Pre-reconciliation model is also similar in that brokers will ignore re-hypothecated shares ahead of time for margin accounts. This is the whole problem with both proxy voting and how brokers give their clients beneficial ownership. + +&#x200B; + +**Why did the DTCC do this and how could it relate to vote counts:** + +* Does the DTCC really hold the counterfeited shares? Or do they just appear on brokerage balance sheets? Do they even know how many are out there? +* Is this why nothing was heard about vote counts? Did they have to process it as a regular stock split so the DTCC wouldn’t even get the requests for the circulating shares including naked shorts? Does this keep the existence of counterfeit shares off of the DTCC’s books? +* Voting was done through control numbers for shares; are the counterfeited shares utilizing duplicated control numbers? This would keep votes from far-exceeding the outstanding shares and off the DTCC’s books. The code for voting could have been set up in a way to either ignore any duplicate control number votes or to replace them if the same control number is voted again. This code could appear reasonable as you would not want duplicated votes or entries into the DTCC’s systems. +* I believe that the DTCC and voting systems were set up in a way to ignore duplicate control numbers. As such, there was no overvote for Gamestop and the DTCC does not have on their books any counterfeit shares. +* Requests from brokers for dividend shares in excess of the amount allocated by Computershare to the DTCC would force the DTCC to reveal the existence and potentially the quantity of naked shorts on GME at which point the issue would have to be rectified resulting in a potential short squeeze. + +**What happens if/when this is fixed:** + +* This results in a huge mess. How do you even being to handle distributing shares from the DTCC now? Shares have been sold and DRS’d since then. The brokerages are no longer custodially holding the same number of shares. How does anyone know which shares should receive the share dividend? Unfortunately, unless these brokerages have the most detailed records and all get together and cross-reference their records, this mess cannot be retroactively fixed. +* For instance, suppose John has 1 share prior to the stock split as a dividend and 4 after in Robinhood. He sells all 4 shares to David who holds them in Fidelity. Robinhood needs 3 shares from the DTCC for the stock split as a dividend. Nobody knows that those specific shares went to David holding in Fidelity. Robinhood sold 4 shares incorrectly and then receives 3 more from the DTCC. Now those 4 shares are held by David in Fidelity and Robinhood got 3 shares. There are now 7 total shares from that 1 share (7:41 or 7 shares-4-1 share). Robinhood can’t track down that the shares went to Fidelity and then send them over, so those 3 shares need to be discarded instead. I’m not entirely sure if you can just discard shares like that, I don’t know if anyone knows because I doubt something like this has happened before. + +**Too Big To Fail on the Global Scale:** + +* The actual short interest of Gamestop is likely over 100%. +* It is hypothesized that any short hedge funds would go bankrupt and the liability would fall to their prime brokers, insurance, the DTCC, and the FED should shorts have to close their short positions. This would put the US stock market into a very precarious situation where billions to trillions of dollars are needed to close the shorts. +* The short hedge funds, the DTCC, and the FED were the parties in danger of a short squeeze and financial ruin. But, GME is an internationally held stock. Other countries and their governments likely do not care what happens to these entities. +* Enter the DTCC with a filing against Gamestop’s intentions and this is now a potential global crisis: + * Banks and brokerages across the world are now faced with the issue that their clients should have received shares through the dividend. + * Should this issue be corrected and the stock split is correctly changed to be a stock split as a dividend, banks and brokerages across the world are now in need of shares to cover their current holdings. + * Any shares sold or DRS’d from these banks and/or brokerages are now effectively shorted shares as the backing for them was illegitimate instructions from the DTCC. As a result, brokerages and banks across the world are now indirectly short on Gamestop. + * The shares can be covered for these entities by the DTCC transferring the dividend shares but they cannot be properly distributed to the correct locations as the record of the appropriate holding account is unobtainable. All shares that are backed by shares sent from Gamestop->Computershare->DTCC->Brokerage are covered shorts where an allocation exists. The issue is that these cannot be tracked and covered. There is nobody to return the share to other than the incinerator. But if the DTCC has enough shares to cover all these created shorts they can hopefully just be discarded. But if enough shares are not held by the DTCC from the dividend then the brokers have created naked shorts that can never be closed and would require the brokerage to buy 3 shares for every 1 pre-split share sold or DRS’d and then have those shares discarded. + * A 7:1 split for any sold or DRS’d shares is effectively created here unless the recipients discard the shares they receive along with a short position of 3 shares for every 1 share for any participating brokerages and/or banks. + * Brokerages and banks along with governments around the world will eventually realize this and begin to panic. They have been forced to become short on a stock due to the DTCC’s misfiling as a stock split. Global governments will not want to be responsible for this. + * SHFs and the DTCC likely planned this stock split to cause the largest “too big to fail” ever where only people/entities net long on Gamestop are safe and everyone else would go underwater. Foreign governments can become very angry regarding actions like this. + +**TL;DR:** + +Any naked shorted shares were most likely assigned duplicated control numbers. This is why there was no overvote for Gamestop as their system may ignore duplicates. This is also why naked shorted shares are not on the DTCC’s books. A stock split as a dividend would put naked shorted shares on the DTCC’s books and likely trigger a short squeeze. This is an extremely difficult issue to rectify for the DTCC and would result in a 7:1 split for many shares if fixed to be a stock split as a dividend. This is also a global issue now as brokerages and banks across the world have effectively been made short or even naked short on Gamestop indirectly by the DTCC. The plan appears to be to make this issue “too big to fail” for the entire world so most countries and financial institutions share in the risk of a short squeeze. + +**The TL’DR was too long:** + +DRS’ing shares makes this an issue for brokerages and banks across the globe and soon there will be a race to close first. +Taking profit on a stock is always fun, but when you take profits, you want to be comfortable selling when you did. Its not about timing the top, because if you try to time the top on when profit taking you will almost certainly never be able to always time it correctly, shit if you could time the bottom and top correctly you would be rich very quickly. But taking a profit is about selling when you’re happy and knowing whatever happens to the stock your reasons were good, and you don’t second guess yourself 1-2 days later if it keeps going up. For this post I’m going to do 3 ways you can take profit and then an example I have had of each. + +**Choosing xx%** +The first one, and one which I see quite a lot around on the sub is choosing a certain percentage or nice round number on the stock price and sticking with that. This could be something as simple as free carrying which you sell the initial cost and hold the rest presuming you have a gain of over 100%, or just selling all of it at something like 20%. Every strategy has its pros and cons but finding what works for you is the main thing. So, what’s the benefit of this way? Well, you can’t psych yourself out of it, you know what your exit strategy is on a gain and it stops you from thinking well its run this far maybe it will run another 50000%. As we have seen today though uranium gang have done great and some have over 100% gains, so you would have missed out on the extra, but looking big picture is the main thing and knowing you don’t need a lot of 100% gains to be rich quickly. For me I do boomer stonks so 20% is usually a good aim and then move onto the next one, but this all depends on the individual stock and is where it can go wrong as Ill try justifying holding longer or selling earlier. But the main thing to remember with this strategy is sticking with it as it reduces the constant stress of when to sell. + +**Resistance levels** +The next one is resistance levels, I know some of you, or maybe even the majority of you think TA is as useful as my routine of clapping my hands and spinning in a circle and hoping there’s a cloud with a $ sign, but I personally think there is value in TA. So, a strategy you can use is to sell at a resistance level which you have seen. To cherry pick an easy example we can look at CBA, people like to buy and sell at big round numbers which is why they are typically support and resistance levels. CBA is doing an off-market buyback at $100 and so that would have been an easy opportunity to sell as its become a resistance, After pay was also floating around $100 for a bit and where you could of used this strategy. Now resistance levels don’t work every time which is why TA won’t make you an instant millionaire, but if you are happy to sell at a nice round number and value the TA then this may be a strategy you can look into, as its easy to follow and easy to check where a resistance level is. What if your stocks at an ATH? Well, congrats, you have beat the system and this strategy is not going to help you much until some resistance is formed. + +**Fundamental analysis** +Last but not least is simply when the stock is overvalued in your opinion fundamentally. Now this doesn’t mean as soon as it gets overvalued you sell; you could hold until you notice the momentum has died and then get out of the stock. Let’s look at something like QUBE for example, you may have seen $3 was resistance and noticed that $3.20 was where you thought it was overvalued, so you sell at $3.20. This strategy relies on you doing some fundamental analysis though and trusting your analysis is somewhat correct, which is why having a margin of safety where you allow say 15% of the price that you could be wrong. For example, if you think a stock is overvalued at $2, you take 30cents off and sell at $1.70 roughly to be safe as with any fundamental analysis there is assumptions. + +None of these strategies are fool proof and all can lead to the stock flying higher, but as mentioned at the start you should take profit when you are happy with how much the stock has run and not be trying to time the top every time. Sure, we all wish we could time the top and see into the future, but once again it’s almost impossible. + +**Examples** +First example is of choosing a certain % to take gains at. Now free carrying doesn’t need much explanation but choosing the % that works for you is what its about. When you buy the stock, you should find a % you’re happy with, whether its 20%, 50%, 100% or even 500% (LUL). The point is you stick to the strategy, and you don’t get upset if it flies past or it starts to plateau at a certain point, which is why choosing an abnormally large number like 500% for every stock is unrealistic because you will either need to hold for an extremely long time or be a god at picking stocks…oh 10 points uranium gang! I had this when I sold GrainCorp initially, it hit 20% and I sold at $4.4 roughly and I was happy with it, now in hindsight I should have held but I was happy with the 20% gain and moved onto the next stock, looking back, and getting fomo and worrying just defeats the purpose of having a strategy. I recently bought back in because I was surprised by the guidance upgrade so did some more analysis, I still think selling was correct for me when I was up 20% though. + +The next one is resistance levels! I sold MND recently at $11.59 and was just shy of the peak which was more luck than anything. But the trade was largely on TA, I bought at $10 pre results and though results shouldn’t be too bad and I can’t see how much lower it will go. Then just before results there was quite a bit of resistance building up around the mid $11 mark and commodity prices were falling, so I decided to sell. Here I used some fundamental analysis as well because with commodity prices falling it was the straw that broke the camels back and the perfect excuse for me to justify selling at the resistance, it just so happened this worked and was near the top and was quite lucky. In general, as mentioned TA isn’t 100% guaranteed, but using it as a guide or letting it have some small influence in your profit taking strategy I think is perfectly fine. + +The last one which is selling when the stock is overvalued for me was Elders. Elders and I have a shaky history, it’s the farming stock I loved until I discovered GNC and then jumped ship. Elders results last year were quite poor to my expectations as they were having great growth of 15-20%, but then said we expect it to be more like 10-15% going forward. This changed my analysis and what I thought it was worth and I sold at just under $12 which left me with little profits as the stock tanked on earnings, but as it wasn’t earnings play, I just moved on and decided maybe I got too greedy with my expectations and analysis. When analysing a stock its easy to overlook the negatives as something small and will get fixed, but if results go bad its usually something obvious which was the issue. So having a margin of safety on when you buy/sell a stock based on FA is very important because it means you can still be wrong and right, and we all love to be right even if we are wrong. + + +**Summary** +As you probably noticed, I didn’t even touch on losses and bailing because that’s a whole different topic and would need its own post. But overall finding the strategy that works for you and your stock is the important thing. If you are happy selling at resistance levels knowing it could push higher then be happy and don’t get frustrated at yourself if it goes higher, you aren’t a genius for predicting the top just like you aren’t a dip shit for not timing the bottom. This is the same for choosing a set % and even fundamental analysis, you need to be prepared to be wrong sometimes and just be happy you had gains and not worry about what could have been. We all have that Afterpay example which we sold at $20 and wished we held but dreaming on what could of isn’t going to make you rich. + +“Wealth is not about having a lot of money, it is about having a lot of options,” -Chris Rock. +As promised, this is a follow up to my previous post: [How much house is too much?](https://www.reddit.com/r/fatFIRE/comments/h9q54f/how_much_house_is_too_much/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +First, the fun part. [This](https://www.trulia.com/p/fl/miami/2330-tigertail-ct-miami-fl-33133--1006861739) is the house we were considering, on which we ultimately made a lowball offer of $2.2M that was subsequently rejected. + +As you can see, this is a strange house, particularly for this part of Florida. It has 2 stories in front and 5 in the rear including the basement. But my wife and I loved it because we are a little offbeat ourselves. + +Why did we lowball? Even though we are prepared to make a multi-million dollar purchase for our primary residence, we are still conservative investors. Using our own reasoning, we decided the house was worth $2.2 and no more. Part of that equation is resale value and how quickly we could turn it over if everything went wrong financially at the same time. The current owners disagreed, and so we parted ways. + +What’s the good news? We’ve had an offer accepted on another property that is *more* centrally located to our local downtown, with a better layout and a few extra features that were sorely missing in the former property under consideration (cabana bathroom, integrated 2-car garage, enormous family room for the kids, etc.). It’s a shade under 4,000 square feet but the flow is roughly equivalent to the 6,600 square foot house, so it really feels similar in livability. + +How did this community help? There were three key takeaways that this group imparted on us in the last thread: 1) Layout is more important than raw square footage, 2) Going too big can cause maintenance headaches, and 3) Don’t be ashamed or scared to go as big as you want to, particularly with young kids who will soon grow larger. + +Inspection is this Thursday and closing date is in early August. Hopefully everything goes smoothly from here on out. + +Cheers, everyone. + +Edit: You can read the final installment to the trilogy [here](https://www.reddit.com/r/fatFIRE/comments/j8v3ik/how_much_house_is_too_much_part_3/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +Hi traders, + +We wanted to get your feedback on the recent influx of users posting screenshots of their wins without context. + +We have Rule 2 (Don't glorify losses) where we require you to instead create a post detailing what you did and ask for advice on how to improve your trading. + +We're thinking of requiring something similar for wins - create a post detailing how you did it and give advice to help others. Because posting a picture of your account showing that you made x amount of money, without any context, is somewhat useless to the community. + +We get that users want to celebrate their wins and users also find the posts motivational, but we think with this change they can also benefit the community. + +Feel free to leave your thoughts and feedback! + + +**TLDR: I'm not sure what to make of the GME output in my model, because it's currently testing the extreme limits of my algorithms. This post shows those results, gives a partial look under the hood, and an open forum for anyone that wants to discuss or give feedback. In general though... I'm cautiously psyched....** + +**Read Me...** + +GME is currently testing the extreme limits of my model. I spent last night pouring through my model/assumptions and discussing the output with other amazing GME DD'ers (useless and only know their discord names), OT86, zinko83, denied, campasaurus, greenguy and meeps. This post won't give you definitive conclusions, but an update on what I'm seeing, and a partial look under the hood of my model. + +I've been posting for awhile, but I want to make it clear what information you can (and can't) get from me and my model (mostly indirectly asking.... why are you listening to me again?): + +* I don't know everything. I'm not a professional trader. My full-time job is a mathematician / statistical model builder. + + * I got bored during lockdown and needed a hobby. My husband bought me a crochet kit, and I said... meh... I'll build a trading model instead. +* My model has not been peer reviewed, and it'll stay that way unless I can sell it for $$. As long as I'm offering this output for free, it's staying proprietary, so use at your own risk. +* I have backtested my indicators using various machine learning algorithms, and my side-hustle is exclusively trading options using my model. It does very well. I also often show other tickers/years for comparison in most posts. This is the only proof I can give you. +* I have lots of caveats/limitations at the bottom. Read them. +* [I don't feel like posting my methodology/assumptions in every post (plus hardly anyone ever reads them). If you're interested, they're here.](https://www.reddit.com/r/Superstonk/comments/qfeama/options_market_says_the_price_is_wrong_with_delta/) +* My indicators are based on options data, but this post is not an endorsement to buy options. However, you're an adult and can do whatever you want with your money (buy the stocks, buy options, I don't care), just try to be sensible and don't gamble your rent money.... + + * I'll say that options are an easy way to lose a lot of money if you don't know what you're doing, and it's also an easy way to lose money if you do know what you're doing.... + +**Quick Recap** + +[Last week, I posted that Friday (12/10) had the largest GME delta sensitivity test I'd seen.](https://www.reddit.com/r/Superstonk/comments/rd0fcl/large_gme_delta_sensitivity_spike_ever_happening/) TLDR: conditions were primed for significant increases in buying volume specifically from hedging, tune of a \~800% increase in hedgie buying than usual, in a test where the underlying price increased 5%. This wasn't a specific target, just a way of showing higher than normal conditions to get hedgies buying stocks for us. + +Conclusion was, something just needed to give GME a boop last Friday to get a booommmm in price. I think that's exactly what happened when RC tweeted around 3pm EST, which led to an \~8% increase in an hour. + +**Graphs** + +So without further delay, here's the graph in question, with the format you're used to seeing (sensitivity test axis scaled 0% to 18,000% so you can see the full-green spike): + +&#x200B; + +[GME 1\/4\/2021 - 12\/13\/2021](https://preview.redd.it/aou2s4nfpj581.png?width=1421&format=png&auto=webp&s=2cc61ddde4c34e8ef6ce3542fb509d3a5206c264) + +The primary indicators included in these graph include: + +• **Delta Neutral (DN)** \- This represents the underlying price that would create a total market delta of 0 across all options (all expiration dates) for a given date and ticker. In general, it acts like a floor to the underlying price, but if the price drops below the delta neutral, then it tends to shoot back up above that line. + +• **Gamma Maximum (GM)** \- This represents the underlying price that would create the maximum gamma across the market. The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +• **Delta Sensitivity Test** \- This is basically a gamma test, but I like this view better visually with my graphs. This represents the % change in the total market delta associated with a 5% increase in the underlying stock price. Significant spikes represent unusually large hedging patterns based on the options mix, and can indicate the potential for significant buying / selling power on the underlying ticker. + +Here's a log-based 10 view so you can see 2020 as well + +&#x200B; + +[GME 2\/5\/2020 - 12\/13\/2021](https://preview.redd.it/r2kdv7uhpj581.png?width=1421&format=png&auto=webp&s=06cfb484c43d0b073f407890ab4460dbd85468ed) + +&#x200B; + +But here's the master question (Y-axis scaled 0% - 500% so you can see the spikes that used to be considered significant)... + +&#x200B; + +[GME 1\/4\/2021 - 12\/13\/2021](https://preview.redd.it/3phty5ijpj581.png?width=907&format=png&auto=webp&s=a8b73eceebb9d2126dff08fd7fe285a6cec1e9ef) + +&#x200B; + +Now before I wrote some wild headline that a 5% increase in GME's price would lead to \~16,600% increase in hedgie buying and collect my karma, I had to stop and think... Why is my model showing this, is it reasonable, and what does this all mean? + +Spoiler alert: You will only get the answer to 1 / 3 of these questions. + +***Why is my model showing this....*** + +I'll start off by saying that I actually make two types of Delta Neutral values. The one you're used to seeing is actually a modified version, which cuts out the extreme limits of strikes with deltas of 1/-1/0. This modification is based on discussions with people in the industry, that say it's not normal to continuously hedge those extreme strikes, like they're not continuously hedging those $1 Puts or $900 Calls anytime the price moves 5%. + +Based on a visual review, various machine learning methods to prove statistical significance, and my own money in the options market, I found that this modified version was superior to the unadjusted DN, and that's what I've been using as a standard. + +The graph below shows the same thing as the first graph, but I added in the delta neutral price if all strikes were included (yellow). Delta sensitivity test scale paired down significantly to 0% - 500% so you can see the normal delta spikes for GME. + +&#x200B; + +[GME 1\/4\/2021 - 12\/13\/2021](https://preview.redd.it/6ktkwm0mpj581.png?width=1421&format=png&auto=webp&s=fe1c90aa7d3f37a4f6ca03ae764353c26a12d5bc) + +&#x200B; + +Log-based 10 view to see 2020 + +&#x200B; + +[GME 2\/5\/2020 - 12\/13\/2021](https://preview.redd.it/qezjohhnpj581.png?width=1421&format=png&auto=webp&s=c21e6003185edc46ff6d1ae6d241f91287ca02b7) + +&#x200B; + +I noticed a few things with this new view: + +* GME worked better with the adjusted DN before July 2021. For example, the price ricocheted nicely off the adjusted DN in March, April and May. +* Then after the June earnings call, the price sunk below the adjusted DN, and eventually bounced off the unadjusted DN in August (accompanied by what I thought was a sizable spike around 100% more potential hedgie buying than usual). +* With the exception of the COVID spring 2020, the two GME DN indicators were generally consistent, with the unadjusted version slightly higher than the adjusted version. This indicated a slightly higher distribution skewed towards the high strikes. +* The indicators started to diverge/converge in cycles after the January spike, with the unadjusted version below the adjusted version (indicating a skew towards the very low strikes). +* The two indicators are very different right now, with the adjusted version holding steady at $192 the past two weeks, and the unadjusted version dipping to $150. +* The sensitivity test spikes are generally highest when the price approaches the unadjusted version. + +Here are a few other graphs for reference that include this new indicator: + +&#x200B; + +https://preview.redd.it/hygb396ppj581.png?width=1421&format=png&auto=webp&s=da173fd64fe98d7e4b65f2330f041f7d3217c794 + +&#x200B; + +https://preview.redd.it/e9qhxm7qpj581.png?width=1421&format=png&auto=webp&s=5cacee60bc332f96872e8a033bfe69e01e4b65ff + +A couple other observations: + +* For these two latest ones, the DN with all strikes is generally consistent with the version that's modified to exclude the extreme strikes. +* The unadjusted version is generally a little higher than the adjusted version +* The adjusted version generally worked better as a lower guardrail, but there are some instances where the unadjusted version seems to work too. + +So here are a couple graphs I whipped up last night to show why GME is diverging so much right now (yes I know... they're not very pretty). First, I'll show graphs for the last two tickers mentioned, which show the distribution of the delta and OI incidence rates by Call / Put delta combination. + +&#x200B; + +https://preview.redd.it/0dv2vcrrpj581.png?width=1423&format=png&auto=webp&s=05cb169169edee95b1ab1f82b6eeb5343090edd9 + +&#x200B; + +https://preview.redd.it/kt6t2nctpj581.png?width=1423&format=png&auto=webp&s=9fff4bd28cf11cbf46729150daa808506cf473cc + +Even more observations! + +* The first ticker has \~12% of its OI and delta distribution at either end of the extreme spectrum +* The second ticker is a little more skewed, but also generally has around 12% of its OI at either end of the spectrum, and 9% to 14% of the delta incidence on the extreme sides. +* Note those extreme are basically what I cut off, and focus on the OI/Delta mix in the middle for my adjusted DN indicators. + +Now here's GME... + +&#x200B; + +https://preview.redd.it/2143whlupj581.png?width=1423&format=png&auto=webp&s=a9492204de9c7e8df72d1e2e5b38c15318685029 + +* Similar to the other tickers, the delta incidence rates at either end of the spectrum is low (4% to 9%), but GME has roughly 35% of its OI at either end of the spectrum, so \~70% total GME OI is located in strikes that hedge funds normally wouldn't actively hedge. + +So how does this all tie back to the ridiculously big green spike? First let's discuss the denominator of the delta sensitivity test: + +* I use the same method for all tickers, so I picked a denominator that would allow me to evaluate opportunities across all optionable stocks. +* I don't use free float, because the volume relative to free float can be very different between stocks +* I wish it was a percentage of 30-day avg volume (or even 5-day), but then that changes so dramatically over time, that any surges can dramatically mute any impact of hedging further down the road. +* So I use the current total market delta as the denominator, because that doesn't normally shift dramatically over time (GME normally has a total market delta that generally stays between \~3M - 4M). However, this DOES create situation where the total market delta gets close to zero, which causes insane spikes when used as a denominator. + +So in my algos, the sensitivity test has the price as the independent variable and tests what happens to each chain's delta if the price increases (or decreases) by 5%. It's basically a gamma test, but I like this view best for helping me identify opportunities for unusual hedging. + +So I think the answer is simple here for why the spike is so high... the total market delta is currently very close to zero with all strikes considered. However, it's a good thing because tickers don't like having a total market delta with all strikes close to zero, or negative.... + +***What does this all mean?*** + +GME is definitely a puzzle box. I generally don't buy into the conclusion that hedgies aren't hedging at all for a few reasons: + +1. GME has generally worked well with my model in the past, indicating hedging still plays a part in the price action. +2. If hedgies didn't hedge, then imagine what would happen during the settlement period? Say 100,000 calls expired ITM, none were hedged and all were exercised (extreme situation for illustrative purposes). That means hedgies would have to buy 10,000,000 stocks through the market within the settlement window, which would skyrocket the price. +3. So much better for hedgies to slowly buy/sell stocks over time so they generally have the right number of stocks on hand before the settlement period. +4. However, there are other methods of hedging besides stock-buying, which will be addressed below. +5. And as shown above, roughly 70% of the GME OI is located in strikes that aren't normally actively hedged because they are too far away from the current price. + +Here are other ideas that came up last night in discussion with OT86, campasaurus, and Zinko83 (I'm not claiming to fully understand these options): + +* "If a market maker has a variance hedge on a stock, they're not actually hedging continuously like they should. They may only start hedging when the price starts going towards extreme situations." +* "I don’t think they’re hedging - like at all. And that’s why the green spikes occur so violently as the price nears the full chain’s DN. Also that’s where we know we can cause then the most discomfort. Right ATM options." +* " usually the RP and the MM are separate portfolio and hedged at different times with different perspectives . you would have a portfolio for the RP and a portfolio for the MM options." +* "I believe it has to do with gamma exposure. Especially for weekly options when the curve goes from a bell curve to a delta function. From my understanding, gamma hedging requires a bit more management, since they have to buy options to cancel out the gamma, then they need to buy shares to cancel out any remaining delta. " + +&#x200B; + +https://preview.redd.it/hw5wac8wpj581.png?width=671&format=png&auto=webp&s=c78db7495fa17648baaf2798572877958b44bd65 + +So basically we are at some crazy unstable point in the price chart … almost like an unstable equilibrium where a slight push can force significant hedging. + +I'm gonna have to stop here, because I have to run to work now, but will try to respond to comments/write more over the day. If things don't go well today... please find a different witch to burn... ya? + +&#x200B; + +[I weigh more than a duck, sir...](https://preview.redd.it/23wroyqxpj581.png?width=400&format=png&auto=webp&s=a24a7cbb7c05b2f067570597b4154d2208e9c508) + +&#x200B; + +**Caveats and Limitations on Use** + +These graphs contain output from my personal model. I am not qualified to provide financial advice, and have no experience trading professionally. This model has not been peer reviewed, so use this output at your own risk. + +This model serves to help Redditors make investment decisions, but still requires Redditors to consider other relevant information, including earnings reports, news, relevant events, momentum and reversion to the mean in the underlying stock. Redditors should think critically about emerging information, and not make decisions solely based on this output. + +In performing this analysis, I relied on raw daily options summaries from historicaloptionsdata.com. I have not audited or verified this data and other information. If the underlying data or information is inaccurate or incomplete, the results of this analysis may likewise be inaccurate or incomplete. + +These graphs are not predictions of the future; they are indicators based on the assumptions. Emerging results should be carefully monitored with assumptions adjusted as appropriate. + +**TLDR: I'm not sure what to make of the GME output in my model, because it's currently testing the extreme limits of my algorithms. This post shows those results, gives a partial look under the hood, and an open forum for anyone that wants to discuss or give feedback. In general though... I'm cautiously psyched....** +I had some recent high school grad wanting a cpu. He needed like 80 bucks. My sup convinced him to apply for our credit card. I guess he didn’t know it was a credit card. Right before I submitted the application I got a weird feeling and asked if he knew this was a credit card. + +He said no so I told him it was. His plan was to apply and cancel it after he pays for the cpu since we can’t hold stuff or reserve it. Also I asked him if he new what credit scores were. He thought every place had their own credit scores. + +Please people that enter adulthood ask and make sure you know what you are applying for. +Trying to reignite some discussion on ATZ. When I moved countries to live in Toronto in 2020, I literally saw every other girl wear clothing with the TNA logo and last year I gifted a Super Puff jacket to my wife as well. Their stores seem to always be busy, so it seemed worth a deep dive for me. My thesis is that ATZ is where Lululemon was around 2014-2016, however it does trade pretty close to fair market value. + +They hosted an investor day presentation in October 2022 which was long and detailed. They laid out their vision for FY2027 (next 4 years) in terms of store openings, revenue, EBITDA margins and capex. Hence, I tried running a DCF valuation for ATZ. + +Current Price: CAD$ 47.32 +Figures are in CAD + +Revenue + +• ⁠Revenue has grown from $743 million in FY2018 to $1,831 million for the 12 months ended August 2022. It is roughly the same size which Lululemon was in FY2015. Management guidance is $3,500 million to $3,800 million in revenue by FY2027 with a CAGR of 15-17%. Two things need to happen for this 1) increase in store count driving the retail revenue and 2) more than doubling of ecommerce revenue. +• ⁠Store count has grown from 85 in 2018 to 113 as of August 2022. Stores are located in Canada and USA. Growth is entirely coming from the USA. Canadian market for Aritzia seems saturated. Their Canadian stores has remained around 67 for the last 4 years. Management expects only modest growth from Canada. May be some expansions of current stores but nothing more. Management expects to launch 8-10 new US stores each year reaching close to 150 stores by FY2027. Historically they have only opened 5-6 stores per year so this is aggressive but 8-10 stores isn't too big a stretch. The average revenue per store is CAD $8 million. Net investment per store is $3 million store. The pay back period is 12-18 months per store. These seem to be good store level economics. Further they also see an uptick in ecommerce revenue whenever they launch a store in a new city. +• ⁠Ecommerce sales have grown to $624 million for the TTM August 2022. The pandemic seems to have super charged this division. Management expects ecommerce revenue to reach $1,600 million by FY2027. +• ⁠If overall revenue needs to reach $3,500 million by FY2027, and $1,600 million comes from ecommerce, $1,900 million would need to come from retail stores. This means the revenue per store would need to be (1,900 / 150) = 12 million. Up 50% from the current levels of $8 million over the next 4 years, i.e., ~8% increase each year. They are likely taking into account price increase and product mix changes here. +• ⁠Overall the guidance seems mildly aggressive but given that ATZ outperformed their previous guidance post its IPO, it does not seem unreasonable. Note that ATZ has not at all explored the possibility of opening stores in Europe, China, Australia which are all big markets for Lululemon. Emerging markets all have increasing affluent populations which are attracted towards North American brands. Management is very focused on first becoming big in the USA and then expanding internationally. Any growth from international markets beyond FY2027 is definitely a big plus. +• ⁠Note that their entire MOAT is their brand popularity with millennials and rich Gen Zs. Their brand is mainly fueled through social media mentions by their customers. TikTok has been a big engine for them. Still, not my favorite MOAT. + +EBITDA + +• ⁠Historical average EBITDA margins have been close to 16%. (I take stock compensation as an expense.) In FY2022, they benefited from Covid relief etc. +• ⁠Management expects 19% margins in FY2027. Does not seem overly aggressive. Lululemon, which is considered a competitor, has 25% EBITDA margins. +• ⁠Don't think they will benefit from economies of scale for SG&A expenses in the next 4-5 years as historically SG&A has been steady ~20% of revenue. While, they have doubled revenue in the last 4 years, they have also doubled their support staff from 659 in FY2019 to 1,487 in FY2022. +• ⁠Note that they do not use traditional media for brand marketing. They mainly rely on social media mentions and influencer marketing. This might be a cheaper form of marketing. + +Capital Expenditure + +• ⁠They are investing a new distribution facility in Vaughan which will open by FY2024 and another one is in the works in Western Canada. +• ⁠Management expects to spend $500 million in capex over the next 4 years - majorly on store openings. It seems around $300 million should be store openings. If they open 40 stores, that will likely cost 40 stores * 3 million per store = $120 million. So the $180 million likely goes to current store size expansion and refurbishment / maintenance. + +Working Capital + +• ⁠Historically net working capital has been low. But inventory level have ballooned as of August 2022. Management is trying to pre-order a lot of stuff to get ahead of any supply chain issues. The inventory levels should become lower in the next 2-3 years as global supply chain issues resolve. + +DCF Value + +At a 8% discount rate, and 3% terminal growth rate my DCF gives a value of $48.7 per share. This means that the stock is trading ($47 per share) at fair market value and their isn't much margin of safety in case I'm wrong. + +July 2022 would have been an ideal time to invest - but doesn't matter in the long term I guess. + +Disclosure: I hold a very small position in ATZ and this post is only for educational purposes. Please do your own research before investing. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm 38m (married, no kids) and effectively retired: ~$2m net worth, making $800k+ per year, working ~10 hours per week (I started a business a decade ago, scaled it up and have been working on automating myself out of a job over the last few years). I'll be Fat pretty quickly here (if I sold my business, I could do it immediately) + +So at this point I have a lot of free time and money, the problem is, all of my friend have full time jobs with little vacation time, kids, etc... Over the last couple years I've been feeling like I just can't connect with my friends anymore and have been looking to make some friends that are in a similar situation that I can relate to, can go on trips whenever, etc... I just moved to a new area about 6 months ago. + +I'm quite an introverted person and covid had been pretty isolating the last year or so. Now that things are starting to open back up, how do I go about meeting people near me that are in a similar situation? How do I connect with 30 to 40 something's that are effectively retired? +Hey there! I'm a bit of a crypto geek, been in this game for a long time. +I only try to invest my valuable ETH in actual use case projects that offer something new. +So here is my moonshot. +I'll try to make this write-up as simple as possible but excuse the "long read" below, It's a very interesting one. + +Using blockchain technology to make GPS obsolete. (or work alongside it) + +Far fetched? **No.** + +**"So what is** [**$**](https://imgur.com/a/aixCgra)[**FOAM**](https://blog.foam.space/foam-map-user-guide-for-the-ethereum-mainnet-1e5be52e294f)**?"** + +FOAM is an **open protocol** for **proof of location on Ethereum**. Their mission is to build a **consensus** **driven** map of the world, empowering a **fully decentralized web3 economy** with **verifiable location data**.**FOAM** incentivizes the infrastructure needed for **privacy-preserving** and **fraud**\-**proof** **location** **verification**.The starting point for FOAM is **static** **proof** of **location**, where a community of Cartographers curate **geographic Points of Interest on the FOAM ma**p. Through global community-driven efforts, FOAM’s dynamic **proof of location protocol** will enable a **permissionless** and **privacy**\-**preserving** **network** of radio beacons that is **independent** **from external** **centralized** sources and capable of providing **secure location verification services.** + + +“At FOAM, we believe people should own their personal information, controlling when and with whom they choose to share their location. Our team is committed to solving this, building spatial protocols, standards, and applications that offer a higher level of security and more resiliency than conventional geospatial technologies. With our recent work on the [Crypto Spatial Coordinate](https://blog.foam.space/crypto-spatial-coordinates-fe0527816506) standard and Spatial Index visual block explorer — powered by our open source [purescript web3 library](https://blog.foam.space/purescript-web3-release-631b16bec7a) — we introduced some of the essential components we will be using to develop FOAM’s core project, a decentralized protocol for **Proof of Location**." + +**Features of FOAM Proof of Location** + + 1. Trustless: Byzantine fault tolerant clock synchronization + 2. Independent: Does not rely on GPS + 3. Open: Anyone can utilize the network or offer utility services + 4. Accountable: Economics structured to ensure honest behavior, verified with fraud proofs + 5. Incentivized: Service providers remunerated for extending localization and verification zones + +The purpose of this post is to introduce many of the problems posed by insecure geolocation and to offer insight into their solution: a Proof of Location system that maintains [Byzantine consensus](https://filecoin.io/power-fault-tolerance.pdf) throughout a distributed network of synchronized clocks, while creating markets for local generation of triangulated positional data. + +However, before I describe the design of FOAM’s Proof of Location protocol, I will first make a case for why a system like this is needed. + +# The Vulnerabilities of GPS + +GPS is the world’s premier Global Navigation Satellite System (GNSS), consisting of 31 satellites launched by the U.S. military and made available for civilian and commercial use.GPS has become a ubiquitous tool, recently dubbed as “[The Technology That Envelops Our Cities — and Brains](https://www.sidewalklabs.com/blog/gps-the-technology-that-envelops-our-cities-and-brains/)” by Alphabet’s Sidewalk Labs. + +What may not be immediately apparent, is that GPS technology works through time as much as it does space. Inside each satellite is a high-precision atomic clock, which syncs regularly to master control stations on the ground. GPS receivers, common in today’s smartphones, must pick up time-stamped signal data from a minimum of four overhead satellites. By using timestamps to calculate the time of arrival, a receiver can calculate a triangulated position. + +Don't be fooled, GPS is incredibly reliable, so much so that we have collectively become dependent on a functioning geopositioning system. + +However, problems and attack vectors with this system have become increasingly evident. Recent articles are highlighting how[ the entire global financial system depends on GPS](https://qz.com/1106064/the-entire-global-financial-system-depends-on-gps-and-its-shockingly-vulnerable-to-attack/). The **New York Stock Exchange** (GME 🚀) uses GPS to time **automated computer trades**, **ATM’s** and **credit card** transactions require **location data,** even the **electrical grid** relies on **GPS synchronized time stamps** to deliver electricity without causing power surges, not to mention the **transportation**, **navigation**, and **mobility** use cases of the technology. + +Civil GPS is **unencrypted**, it has **no proof-of-origin** or **authentication features,** and despite dire warnings in the mainstream since [at least 2012](https://www.ted.com/talks/todd_humphreys_how_to_fool_a_gps), the system remains extremely susceptible to fraud, spoofing, jamming, and cyberattack. + +**In sum, the issues with depending on GPS for verified location are:** + + ·A Single Point of Failure, centralized + ·Does not penetrate well indoors or underground + ·Urban Density increases signal Multipath + ·Energy intensive components are not suitable for devices with long maintenance cycles + ·Susceptible to signal jamming + ·Spoofing, i.e deceive a GPS receiver by broadcasting incorrect GPS signals + +# FOAM Token Functionality + +**Add and Curate Geographic Points of Interest**The **FOAM** **Spatial** **Index** **Visualizer** allows Cartographers to participate in **interactive** **TCR** **POIs** on a map. Users can **add** **points** to the **map**, **validate** **new** **candidates** and **verify** **the** **map** by visiting real-world locations. The **FOAM** **Token** Curated Registry unlocks mapping in a **secure** and **permissionless** fashion and allows locations to be ranked and maintained by **token** **balances**. Users can deposit **FOAM** Tokens into POIs on the map to increase attention those POIs might receive. + +**Signal for Zone Incentivisation**Further potential use of the **FOAM** **Token** by Cartographers is to stake their **FOAM** **Tokens** to **Signal**. Signaling is a mechanism designed to allow Cartographers to incentivize the **expansion** and **geographic** coverage of the **FOAM network**. To Signal, a Cartographer stakes FOAM Tokens to a Signaling smart contract by reference to a particular area. These staked tokens serve as indicators of demand, and are proportionate to (i) the length of time staking (the earlier, the better), and (ii) the number of tokens staked (the less well-served areas, the better). In the context of the contingent Dynamic Proof of Location concept (described further in the Product Whitepaper), these indicators are the weighted references that determine the spatial mining rewards. + +**Contribute to Potential Secure Location Services as Zone Anchor or Verifier**The **FOAM** protocol may allow users to provide **work** and **secure** **localization** **services** and **location** **verification** for **smart** **contracts** and be rewarded for their own efforts with new **FOAM** **Tokens** in the form of **mining** **rewards**.**Devices** and **real**\-**world** **contracts** can be **programmed** to **designate** **attestations** and **track** **interactions** and **transactions** **on** **the** **map**. With the addition of necessary radio hardware by individual users and the grassroots expansion of the **FOAM** **network**, it may be possible for location status to be proved in a different manner. Location could be proved through a **time** **synchronization** protocol that would ensure continuity of a **distributed** **clock**, whereby **specialized** **hardware** could **synchronize** **nodes**’ **clocks** **over** **radio** to provide **location** **services** in a **given** **area**. + +# Quick Overview: + +**Current Price:** [$0.082](https://www.dextools.io/app/uniswap/pair-explorer/0xd9d39540d61f8d6eb2ee7eedfae93cc09cc24f0e) + +[Buy On Uniswap](https://app.uniswap.org/#/swap?inputCurrency=0x4946fcea7c692606e8908002e55a582af44ac121&amp;amp;outputCurrency=ETH) (also verified on Zerion.) + +[Website](https://www.foam.space) | [Twitter](https://twitter.com/foamspace) | [Medium](https://blog.foam.space) | [WhitePaper](https://www.foam.space/publicAssets/FOAM_Whitepaper.pdf) | [Technical Paper](https://github.com/f-o-a-m/public-research/blob/master/FOAM%20Techincal%20Whitepaper%20Draft.pdf)| [Github](https://github.com/f-o-a-m/) + + +[Check it out for yourself on your own! Only works on pc](https://map.foam.space/) + +UPDATE: [#9 top gainer on Zerion! 🚀 (Top 3 soon?)](https://imgur.com/a/Y8Xelya) +Hey everyone. I just wanted to give everyone a reminder that the price of GME is very capable of going higher then the gmefloor.com. the true squeeze starts when all the hedgies default and buying goes over to the DTCC. When that happens a computer will buy EVERY SHARE that is available at whatever price. It's only function is to balance the books. There is no emotion involved. What happens when the DTCC runs out of its 63 trillion insurance funds? +Well the FED better turn up that money printer and make it go brrrr. Thank God JPOW has been making the printer go brr since covid, so it should be nice an warmed up by now. + +We only get one shot, this will NEVER happen again. Apes own the float several time over. Half of the shares are locked up in computer share. The price is whatever you want it to be. + +In my personal opinion anyone that sells below the gmefloor.com is a paperhand. + +My personal strategy is to sell one for 69,696,969 and I'm holding the rest for infinity. Then I'm buying the mother fucking dip when the squeeze is over. + +I think the squeeze started yesterday and gme will be going up from here + +Remember what they did in 2008, turning off the buy button, and all the criminal activity they have done. This is our ONE CHANCE. Hold for your brother and sister apes. Hold for the x and .x holders. We got this! Apes strong together. 🚀 + +TLDR: this is an infinity squeeze. Price is whatever you want it to be. +Last week, the LSE welcomed MGC Pharmaceuticals (MXC) to the market. Today, we see Kanabo (KNB). Soon we will see Cellular Goods after their IPO is due to go though by this Friday (along with the commotion that they have David Beckham as a backer) + +Both MXC and KNB, whilst having moderate offerings (<25p per share) are certainly first to the market. If we even see a fraction of the interest and growth the US market has seen (UK legislation aside) it could be a very interesting time for retailers looking to invest in the UK Cannaboid market. + +Did anybody jump onto KNB this morning, or planning to do so? What are your long term thoughts on cannabis legislation in the UK and how it could effect the stock market. +Looking for advice on what to do. There is a family renting a single family house from me. There seemed to be a weird dynamic at the place since I’ve known them, but I chalked it up to not being my business and as long as the property was ok and I was paid it was fine. + +However, this morning the mother/wife of the family reached out asking to end the MTM lease that has her husband on it because he struck her this morning. I’m trying to handle this situation extremely delicately and in the correct way to try and protect anyone in danger and also myself. I told her to call the police and file a report. I also said I’d need to give the husband a months notice I was ending the MTM lease before entering into a new one with her. I just want to make sure there isn’t something else I should be doing/someone I should be alerting. + +EDIT: Thanks to everyone for your advice. The lease is MTM so luckily it can be ended and a new one created easily. The woman told me she called the police and it wasn’t the first time. I called the station and they confirmed that they had been called there before but she has left the scene and not provided details so no arrest was made. I told her if she concerned and wants to press charges she needs to file a proper report. I passed along abuse hotline number to her. + +EDIT 2: Ok thank you again everyone for advice on this. I’m letting the situation be resolved within the family and recommending to her to contact the police. Like others have said, best course is not to involve myself and to keep a distance from this situation. +1 - Why did I ever waste my time with games, when I could have been learning theta strats? + +1a - Trading is like the world's biggest massively multiplayer game where you can actually make (and lose) money. + +1b - Trading is like a trip to the casino, except you're allowed to count cards and take every advantage you can get. + +2 - Think of all the money insurance companies make, even though they are a highly regulated industry with huge barriers to entry. Now realize you are basically selling insurance with virtually no barriers to entry. + +3 - Selling a contract for immediate credit and leverage can be better than taking out a loan for the same. Instead of just owing someone, you have a chance of making money in the process. + +So much to learn... Glad to be a part of the gang! +I imagine this is not an uncommon problem for fatFIRE... but I'm in the position where I could retire if I moved to a lower cost-of-living location, but I don't feel like I currently have enough money to retire here where housing and related expenses are astronomical (Bay Area). + +The simple solution is to just retire & move... but I'm finding that's not as straightforward as it sounds. Family, friends, schools, networks etc are all here in the area. If we left we'd be starting anew socially. + +Do we just grind it out to make enough money to fatFIRE here? Move to an area that's nearby but slightly cheaper? Make the move somewhere else because we're young and there's plenty of time to reestablish relationships? +When GME hits $5,000 you have the satisfaction of knowing that this is going to go to the millions. + +How do you know? + +Because you, and the rest of the apes you’ve spent the last 5 months talking to, know that this is bigger than all of you combined. + +Yes, it’s life changing money... but this is also a FUCK YOU to Wall Street. + +They’ve fucked us for far too long and played games with our money, expecting us to bail them out yet AGAIN for gambling away people’s pensions, 401k’s and now the US fucking dollar. + +They are too greedy for their own good. + +So what do we do? Hold for life changing money? no. + +We hold until they lose everything. +Until they lose so fucking hard that it’s a message heard all around the world. We’re going to hold until every ape has the net worth of every billionaire and millionaire in the world, and then we’re going to use that money to make the world a better place by making sure you never get to do this shit again. We’ll take it all. + +Do not fuck with my family ever again. +[Livestream C-SPAN](https://www.c-span.org/event/?508545/robinhood-ceo-reddit-cofounder-testify-gamestop-stock) + +[Livestream YouTube](https://www.youtube.com/watch?v=RfEuNHVPc_k&ab_channel=FinancialServicesCommittee) +I’m not sure if any of this is legal, but Soft Bank seems to know how to squeeze every juice drop from the orange. They know how to make money on all angles of the deal. If this doesn’t make you long on Soft Bank, I don’t know what will. They are true hustlers. +Dear /r/economics, + +It has been a while since we've done a state-of-the-subreddit type post to take your temperature. A few things. + +### Submissions + +We've seen a lot of comments about political submissions. We do moderate submissions fairly aggressively and a good portion of submissions end up in the filter. We take action on reports and give reported submissions a critical look. Thus far our criteria has been loosely "is the substance of the article about economics or is economic discussion incidental to the central point?" Would you like that to change? What criteria would you like to see us implement? What types of posts should we pull (examples please!)? + +### Comments + +Two comment related issues. We've had a number of messages asking us to ban trolls of various kinds, users that dominate and derail discussions, and users posting overtly political comments. Thus far we have only issued bans for users engaging in personal attacks. Would you like to see that change? What types of users would you like to see banned? What criteria should we use? **Please don't bring up specific users. If you want suggest an example involving usernames, [please modmail us](http://www.reddit.com/message/compose?to=%2Fr%2FEconomics)**. + +Another comment related issue. If you see a personal attack, one user here insulting another, please click report and/or modmail us. We do respond to these, keep track of offenders, and issue bans for repeat behavior. + +### Self Posts + +About a year ago, we stopped accepting self-posts on this subreddit (we've turned it back on for this post!). Before turning it off, the self-posts we got were generally low-quality. While they certainly have the potential to start an interesting conversation about economics, in practice most self posts were political rants, requests for homework help, or question better suited for /r/asksocialscience. Should we reconsider this policy? + +### Flair + +A few of you have suggested we flair self-identified experts. That would transition this subreddit from a news-oriented discussion sub to more of an expert answer type sub and would necessitate a significant change in culture. We're not opposed to doing this, but want to be clear this is what you want. How would you implement, what level of expertise would you require? What, if any, evidence would you want users to show? + + +### Anything Else? + +Last, [we're always accessible via modmail](http://www.reddit.com/message/compose?to=%2Fr%2FEconomics). If you have any complaints, suggestions, or questions, please don't hesitate to [modmail us](http://www.reddit.com/message/compose?to=%2Fr%2FEconomics)! + +I received a job offer out of college as a System Support Engineer with a company in my area. The pay scale started at $X and I was offered $X. The scale increases by experience. I have worked in a similar job through college for 1.25 years, and it should qualify as this experience is a main reason the new company hired me. + +My issue: I have no idea how to quantify this, and I am comfortable with the lowest pay offered. I know I am worth more, but right out of college, I'm fearful that the company will not see it that way. I have no problem being direct if that's what it takes, but I'm not sure how to get there. Any advice, or similar situations would be greatly appreciated! + +Thanks in advance guys and gals + +UPDATE: THEY CALLED SOONER THAN PLANNED. I asked for 11% and told them I would be comfortable meeting somewhere in the middle, and they accepted 11%! You guys rock. Thank you for all of the help! + +UPDATE 2: I am happy with the outcome, but I should have stood my ground and asked firmly for what I want. There is some very valuable advice in these comments to anyone else in this situation! Thank you so much to all users who chipped in advice. im ready to be a big boy!! +**Edit**...thanks so much everyone. I’ve read every single reply and really appreciate everyone that’s taken the time to give me advice and/or words of support and encouragement. Thanks also to the men in my DMs telling me to try harder on my marriage 😂 + + +I’m feeling less terrified about the prospect of being free. + + + + + +—————- + + + +I live in a major English city (not London). Considering leaving my husband for various reasons not relevant here. + + +I’m looking at mortgage payment + bills + car + groceries = ~ £1,000. This would leave me with around £700-800 for the rest of the month. I have 1 child under age 5. Childcare not an issue. + + + +I’ve never been financially independent before and just want some reassurance that I’ll be okay. I used the word “survive” in the title but I don’t really just want to survive, I want to live and be happy. +Today I went to Five guys (its a burger and fries joint). I ordered a single cheese with onions and mushrooms. It was $11.54. No drink, no fries. With those added I would have been almost at $20$.... + +My brother and I love five guys been atleast once +a month regulars. SO yes we have noticed the small price increase over time. Except this time me and My brother both told them to go ahead and cancel the order. The girl looked at us both and said "the price too high? Ya we get about 15 to 20 of those a day, thank God cause I don't feel like having to cook the food so I luck out huh?" + +I laughed awkwardly and said "oh ya I know how it is well have a good one" as I walked to the car it dawned on me... people don't have any money (I'm not broke but not rich yanno) left yet inflation is out of control. These companies asked for more and more money for their products. + + +This tower is weak and starting to lean. Soon people will start buying just staple food items and not splurge on oreas or some ice cream i can only imagine electronics.Luxury items company are gonna eat their own shoes here yall. My buddy buys ever single samsung watch as soon as it comes out. He instead will just keep his 4 and wait for the 5s price to go way down in 6 months. + + +My point here is if me and my brother are no longer buying five guys, think of all the people that have put something back on the shelf instead of buying it cause money is tight or its too expensive. Picture a mid aged woman shopping at any of these retail stores that our publicly traded. Then times this scenario by possibly millions.Or when someone just doesn't go shopping cause its just so expensive. Like when money is tight people spend less on gifts for various occasions. + +Just my two cents +Hi all + +Inspired by the excellent post from u/pingusbeak [https://www.reddit.com/r/UKPersonalFinance/comments/nj57ve/the\_actual\_reality\_of\_salaries\_in\_this\_country/](https://www.reddit.com/r/UKPersonalFinance/comments/nj57ve/the_actual_reality_of_salaries_in_this_country/) highlighting the huge discrepancy we sometimes see with posts on r/UKPersonalFinance and what the actual national data shows. + +I've made a very simple tool which just shows you where you current salary stands in comparison to the national median, it's super basic but I think does the job and can be found [here](https://www.reality-check.co.uk). Nothing fancy but hopefully a clear indication of how your salary compares to the nations. + +Just remember comparison is the thief of joy and to not focus on how you stack up to some of the posts you see here as I'm confident the very fact your on this sub means you're doing better than most! + +**Note** + +I think I will add regional salary medians too when I get a bit more time as that would be useful to see but thought I'd at least get v1 out there. +Hi, + +First home buyer in VIC. + +I like this property and I am about to make an offer. However, Agent asked me over the phone about my offer, I told him verbally and he responded as the following: + +>I have multiple offers made. I am speaking to you like a brother, if you like the property give me your max offer and do not waste time + +Should I listen to him? I hear it is a seller market now, so he might be telling the truth? I like the property and I truly think my offer is a very reasonable price for it. Any amount that is more I think will make the property overpriced. +I’ve been fatFIRED since my 30’s. Currently on spouse’s insurance. She’s FIRE’ing this year. + +What do people here do who don’t qualify for ACA subsidies? Just take it on the chin and pay $20k-$30k+ a year for Blue Cross gold? Or is there some hack that can get health insurance for under $1k per month for a family? +**Final Update of Google Consumer Survey N=2,200; At LEAST 164MM $GME Shares in Hands of U.S. Retail; My Best Guesstimate For Total Shares Owned Globally — 531MM** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/omdafo/final_update_of_google_consumer_survey_n2200_at/ + +&#x200B; + +**I've estimated the current SI% based on the SI Report Cycle and Deep ITM CALL purchases.** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/nc1lny/ive_estimated_the_current_si_based_on_the_si/ + +&#x200B; + +**XRT is Actually Just Another Ticker For GME** (not technically debunked despite flair because author amended his post with his wife's help). + +**XRT Short Interest New High Score? 1322%. DRS** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/tkj5q7/xrt_is_actually_just_another_ticker_for_gme/ + +https://www.reddit.com/r/Superstonk/comments/u2wbep/xrt_short_interest_new_high_score_1322_drs/ + +&#x200B; + +**Short interest of GME is 6000% with float at about 4.62 billion shares.** + +&#x200B; + +https://www.reddit.com/r/Superstonk/comments/pfck0g/short_shorter_ep_4_about_a_month_ago_i_used_the/ + +&#x200B; + +Edit (1): The following was deleted by author + +&#x200B; + +Short interest of GME = 3,000% - 10,000% with float in the billions. + +https://www.reddit.com/r/Superstonk/comments/npi3s7/thesis_si_is_between_3000_10000_assuming_30m/ + +&#x200B; + +Edit (2): Implied float + +&#x200B; + +4.508 billion GME shares were traded over the past 72 weeks (at least 78x the float). Citadel traded over 717 million shares (~12.4x the float) and made over 10.55 million trades. We are just beginning to see under the hull of this sinking ship. And we ARRRR gonna get that Pirate BOOTY! + +https://www.reddit.com/r/Superstonk/comments/t3vjw6/4508_billion_gme_shares_were_traded_over_the_past/ +Hi guys, i think many apes don’t understand that the price of the stock will be adjusted to what ever the stock dividend/split ratio is after a set date. + +I have been reading a shit ton of DD and comments on a stock split or stock dividends across many different finance subs, and i see a lot of you arguing that the price of the stock stays the same “beCaUSe its a sTock dIviDend” + +Just think for a minute ape, lets say you have bought 100 shares of GME at the price of $130, that means you have spent $13,000 in total to buy those shares. + +Now the company comes along after approval from shareholders and announces that they’re doing the stock dividend by the ratio of 7:1, so that means that your shares are multiplied by 7, example, 100 x 7 = 700 shares, you now have in total 700 shares. That means that your brokerage account will be credited with 600 shares, i say 600 because you already have the other 100 shares, so the total comes to 700. + +Now if like many apes seem to think, the price doesn’t split with that ratio and stays the same at $130 after everyone got their dividend, that essentially means you are getting $78,000 of free money (600 x $130). If your originally spent $13,000 to buy those shares then by this logic you will automatically out of thin fart air have $91,000 in your account, without even moving a muscle. + +Does that make any sense to you ? + +If that was to happen, literally the entire stock market across the globe would come down in a steamy pile of shit. + +I just thought i should put this out there so a-lot of people are not shocked and scared when they see the price drop drastically. I feel like a lot of people need to read this or maybe I’m wrong i don’t know. The price dropping in relation to the split ratio is 100% natural. + +Many apes have suggested that i also state the positive side of this situation. The positive side of this situation is that if the current price of $127 is split by 7 then it means you can buy a full share for $18 dollars, and i think many people will buy at that price. Hence making the price of the stock go right back up, plus you have a lot more share now if you bought before the dividend date. However nothing is ever guaranteed in terms of price movement, just do your research and make your own investment decisions and strategies. + + Not financial advice. + +- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - + +Edit: Please read this. + +https://www.investopedia.com/articles/investing/091015/how-dividends-affect-stock-prices.asp + +Edit: If you care about people getting the right information, so they wont be surprised AF when the time comes, then this needs to go up and be seen by a shit ton people it seems. Because if a-lot of people freak out over the price drop it could be drastic to them, after they realise they have fucked up. Not financial advice. + +Edit: also if you want to go on other subs or even on this sub and argue with people that the price wont be effected, please know that you look like a absolute fucking retard and also make the rest of the GME shareholders look like bunch of retards. + +Edit: by the sheer amount of retardation in the comments, it seems this shit definitely needs to be pinned to the top of the sub. 😂 fuck sake people. + +Edit: reading the comments. I’m honestly disgusted and disappointed deeply by some of you, the amount of people that didn’t know this is mind boggling. 🤦‍♂️ + +EDIT: the mods have banned me for 7 days because apparently I was to harsh on some retards 😂 other wise i would reply to those people who are genuinely asking good questions. Apologies. + +Another Edit: last edit i promise lol. Fuck me thats a lot of edits. I just wanted to thank everyone who brought this thread to the top so people could realise and learn. Have a good day. I hope everyone gets rich from this journey, no matter how retarded you are. +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 +I’m a long term investor and have all of my investments in individual stocks and funds. I consider myself to have high tolerance to risk but never considered buying Crypto for the simple reason, that I don’t really understand it. + +I started reading about but still, had no real conviction due to risk if regulation from the governments and the unknown consequences as a result of this. + +But seeing it becoming more widely adopted in US, I’m really starting to think about it. +What do you think? What platform are you using to buy Bitcoin? +I quite like Etherium due to its scope. +Might be a newbie question, but in the event of a big crash in the value of a stock (or even a fund) is there a way I can automatically sell out my holdings if say, the price dropped by a certain %.....What scares me as at the moment I'd need to do that manually at which point I may have been too late to cut my losses. + +Not sure about AJB (which I use) or T212 (waiting for an account) +So, Alibaba is of course the most discussed stock in the last month on this sub, I think. So I decided to discuss Tencent, instead. This is part 1: Tencent's empire. Part 2 will be on the risks with China regulations. + +I think Tencent is simply incredible. Let's see why: + +&#x200B; + +* **WeChat** + +They own WeChat/Weixin (Weixin is for mainland China, WeChat for everywhere else. I will call it WeChat). WeChat is.. WeChat. Mohnish pabrai calls it "a bazooka Tencent can fire at will". It has 1.25 billion users. What can you do on WeChat? Everything. Text, pay for stuff, play games, shop online, anything. Imagine if the following app existed: + +* Need something on Amazon? No problem, you can do it directly from WeChat through its mini-app. +* Need to pay something in a shop? Use TenPay. +* Need a ride on Uber? Use WeChat mini-app. +* Need to order food on DoorDash? WeChat. + +Replace Amazon with JD, Uber with Didi, DoorDash with Meituan, and you have WeChat. + +WeChat is a bazooka because, if Tencent decides to partner with someone and allows them to integrate in their ecosystem, that business will explode. It happened with Pinduoduo, which mainly works on WeChat: it grew 100% last year. + +Since it runs the platform, Tencent gets a commission. Also, it stores all the data that goes through these apps. In 2020, revenue from WeChat was 16.7 billion dollars, out of 74.6 billion in total. WeChat has 3.2 million mini programs on its platform, which transacted 1.6 trillion RMB (247 billion $) in 2020. To get how much this thing is growing, in 2017 it was 210 billion RMB (32b). + +&#x200B; + +&#x200B; + +* **Tencent's empire** + +Tencent has an impressive number of businesses: they have a subscription revenue which is 62% that of Netflix; a media ads business (bigger than the Nyt), games, cloud, mobile payment services. Their business is so wide it is hard to navigate. Some examples: + +1. **Gaming**: Tencent has around 50% of market share in China in the mobile gaming industry. In 2020 they made 29.3 billions from games. In 2021 it is probably going to be lower. Online gaming industry in 2020 was 58b, it is expected to grow to 86b in 2027. Mobile gaming is projected to be 70% of the online gaming market in China by then. +2. **TenPay**: There are two ways to pay for stuff in China: TenPay and AliPay. While in the West we switched from cash to cards, and we are still in transition, China has skipped a step and went directly to mobile payments. In 2018 already, a walloping 83% of all payments in China were made through mobile. Now it is around 90%. Cards are useless in China: they account for less than 5% of payments. In the Western world, Google pay and Apple Pay are only now starting to (maybe) erode the empire of Visa, Mastercard, American Express etc. China, on the other hand, was to Tencent and Alibaba like a smooth field: they just took over. Apple pay now has around 500 million users world-wide. Tencent has 900 millions. From the last financial report, Tencent shows that revenue of the financial technology and corporate services business increased by 40% year-on-year to RMB 41.9 billion (6. billions). China's mobile payment market is projected to reach 88.4 Billion usd by the year 2027, trailing a CAGR of 47.3%. + +&#x200B; + +&#x200B; + +* **Tencent's fantastic portfolio**: + +Before you do a cf analysis of Tencent, you need to know that Tencent has a portfolio that is currently valued around 250 billions usd at present. It is like a financial version of Cthulhu, with tentacles everywhere. It is quite hard to navigate/find information about it. They say they are currently invested in over 700 companies, of which only 103 are publicly traded. This guy has put up a [spreadsheet](https://docs.google.com/spreadsheets/d/1owpL6WmMK30X19Kw3BziAw39rGJbsfIMOOexdtvAkxU/edit) for you that tracks the most notable public ones. + +Some notable busineness Tencent owns (percentages might not be accurate): + +a) Gaming: + +* 100% Riot Games (League of Legends) +* 40% Epic Games (Fortnite) +* 81.4% Supercell (Clash of Clans) +* 10% BlueHole (PUBG) +* 80% Grinding Gear Games (Path of Exile) +* 5% Activision Blizzard. +* 20% Kingsoft (gaming competitor in China & cloud business) + +&#x200B; + +b) Finance: + +* 30% Webank (biggest online bank in China) +* 2%? Khatabook (digital payments in India) +* 25% Gojek (same in Indonesia) + +&#x200B; + +c) Social: + +* 50.1% Huya (twitch-like) +* 38% Douyu (twitch-like) +* 12% Snapchat + +&#x200B; + +d) Music: + +* 58% Tencent music +* 6.8% Spotify +* 10% Universal music group + +&#x200B; + +e) E-commerce: + +* 25% Sea ltd (which also makes games, does mobile payments etc) +* 18% JD +* 17% Pinduodo +* 7% Vipshop + +&#x200B; + +f) Other + +* 20% Meituan (Doordash of China) +* 15% Nio (ev) + +&#x200B; + +&#x200B; + +* **Valuation** + +How do you value Tencent? Currently, Tencent has a market cap of 619.72b, with a P/E of 24 and P/fcf (trailing 12 months) of 22 (Do not forget the investment portfolio, as well). fcf grew 29.4% a year in the last 10 years. Tencent has Microsoft-style profit margins of 35%. Revenue is growing at more than 30% a year, which is insane for a company this size. With its impressive portfolio, Tencent is poised to have a leading role in a country that is growing it GDP at 7%, that soon will catch up with the US, and where around 500 million people are projected to reach middle class in the next 10 years, something which will benefit tech companies the most. Of course, the risks are China regulations, in particular its anti-monopoly campaign; China in general: VIE structure, accounting standards etc. Here is an earnings based model, but take it with a grain of salt. + +Discount rate: 14%. Based on eps without nri. 20 years. + +* Best scenario (20%): year 1-10: 25% growth, y 10-20: 10%. Value: 112.13 +* Normal scenario (60%): y1-10: 18%; y10-20: 10%. Value: 70.38 +* Worst scenario (20%): y1-10: 15%. y10-20: 8%. Value: 55.27 +* Fair value: 75.7 +* current price: 64.56. Undervalued by 17.25 % for a 14% return. + +Of course it's all about assumptions. If you raise margin of safety, cut down growth estimates etc, you will get a very different number. I think I used a fairly conservative growth estimate, though. I personally think the upside for Tencent is insane., even though it is a behemoth already. It is one of my strongest buys. + +Edit: I received a fair dose of criticism with my assumptions of growth. It's fair: I suggest watching Damodaran's valuation model, which I am sure is of more value than my toy-model: https://klse.i3investor.com/blogs/guru/2021-09-01-story-h1570690693-China_s_Tech_Crackdown_Its_about_Control_not_Consumers_or_Competition_A.jsp +At any rate, if we change y10-20 growth to 5% in all cases, we get: 52.12, 63.2, 99.37. Intrinsic value: 68.11, so 5% undervalued with 14% margin of safety: it would still be modestly undervalued/fairly valued. + +&#x200B; + +I might consider doing a separate post about the risks of investing in Tencent: China regulations etc. For now.. thanks for reading! + +Sources: + +[https://www.businessofapps.com/data/wechat-statistics/](https://www.businessofapps.com/data/wechat-statistics/) + +[https://www.notboring.co/p/tencent-the-ultimate-outsider](https://www.notboring.co/p/tencent-the-ultimate-outsider) + +[https://finance.yahoo.com](https://finance.yahoo.com) & [gurufocus.com/](https://gurufocus.com/) + +[https://www.statista.com/topics/4322/apple-pay/](https://www.statista.com/topics/4322/apple-pay/) + +[https://daxueconsulting.com/payment-methods-in-china/](https://daxueconsulting.com/payment-methods-in-china/) + +[https://static.www.tencent.com/uploads/2021/04/08/960eae1f18dd716fd3a7d704e123d7a5.pdf](https://static.www.tencent.com/uploads/2021/04/08/960eae1f18dd716fd3a7d704e123d7a5.pdf) + +[https://min.news/en/economy/aa274e1f9ba05e4b8a246a71d9035681.html](https://min.news/en/economy/aa274e1f9ba05e4b8a246a71d9035681.html) + +[https://www.globenewswire.com/en/news-release/2020/10/08/2105516/28124/en/Global-Contactless-Payment-Transaction-Market-Report-2020-2027-Market-Expected-to-Grow-at-a-CAGR-of-49-7-U-S-Market-is-Estimated-at-10-Billion-While-China-is-Forecast-to-Grow-at-47.html](https://www.globenewswire.com/en/news-release/2020/10/08/2105516/28124/en/Global-Contactless-Payment-Transaction-Market-Report-2020-2027-Market-Expected-to-Grow-at-a-CAGR-of-49-7-U-S-Market-is-Estimated-at-10-Billion-While-China-is-Forecast-to-Grow-at-47.html) + +[https://www.globenewswire.com/en/news-release/2021/05/04/2222088/28124/en/China-Online-Gaming-Market-Report-2021-Market-was-Valued-58-Billion-in-2020-and-is-Expected-to-Reach-to-86-Billion-by-2027-Top-Players-are-Tencent-NetEase-Kingsoft-Changyou-Shanda-.html](https://www.globenewswire.com/en/news-release/2021/05/04/2222088/28124/en/China-Online-Gaming-Market-Report-2021-Market-was-Valued-58-Billion-in-2020-and-is-Expected-to-Reach-to-86-Billion-by-2027-Top-Players-are-Tencent-NetEase-Kingsoft-Changyou-Shanda-.html) + +[https://kr-asia.com/key-stat-mobile-games-to-take-over-70-of-chinas-gaming-market-in-2020](https://kr-asia.com/key-stat-mobile-games-to-take-over-70-of-chinas-gaming-market-in-2020) +About three months ago, I had some obvious fraud on my account- charges that were made nearly 300 miles away from my location at the time, so I reported them as fraudulent. Wells Fargo issued a temporary credit, and I went on with my life. + +10 days later, I receive notice that the claim has been resolved. I do not receive any further information, or take any further action since I think it's a good thing. Then yesterday, the entire claim was reversed, removing $475 out of the $500 in my checking account, leaving me with nothing, and no explanation why. I call W/F only to be directed to the claims department where it appears there is not a single person working since I am put on hold for a total wait time approaching 4 hours. I really need help with this is issue ASAP, but W/F claims that due to COVID-19, 'unusual' wait times would occur. I wasn't aware that 'unusual' meant not working at all. + +Is the next step to go in to a branch? What should I do? + +Update: +Instead of calling the fraud/claims department, I decided to go to customer service and bring about my original issue of getting 0 response after hours on hold. I made a point that it was unacceptable even in these times to reverse a claim without enough supporting information, and I would need to go to a 3rd party to file a complaint If nothing could be done. They were able to personally direct me, and after about an hour process the claim over again and refund the money. I am currently in the process of finding a new bank/credit union to avoid having these issues in the future, thanks for all the input thus far! +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 all, + +I have a interview for a new job scheduled for tomorrow, and I need some hints from experts. I'm working in my current job for around 18 months, and I'm satisfied with it. + +But a friend told me about a position in another company. He also told me the manager who is hiring is his friend and told him the maximum salary the company will pay. It's around 150% higher than my current salary. So I applied and the manager called me 5 minutes later. I must say the job is serious, not a fake or something, it's in a world class company. + +I'm quite sure my skills and experiences fits perfectly for this new job (I read the description), and I won't be in trouble due to lack of skills. I have 12 years of experience, I've been working with every aspect they asked for the last 6 years, and I'm sure my salary is around 20-30% lower than market's average (the financial crise in my country hitted me hard last 2 years, couldn't avoid this drop). But even if I was close to market's average salary, this new job would still represent a 100% raise. + +Well, what I'd like to ask is advice with salary negociation. How can I ask all this raise, or at least a huge portion of it? I'd like to try "all or nothing", I don't want a relative small salary raise (i.e. 20%) because I'm very satisfied with my current job. +&nbsp; + + +Edit: fixed salary raise %, was a typo. +&nbsp; + + +Edit 2: ok I understand I need to practice my English grammar. I'm not native and I'm not in US. Sorry for spelling problems. +&nbsp; + + +Edit 3: The interview will be in 10 hours, so wish me luck. Thank you all for sharing your insights and tips, they were very valuable. +https://slatestarcodex.com/2019/05/22/the-apa-meeting-a-photo-essay/ + +How accurate is this? + +" + +The return on investment for pharma R&D is rapidly shrinking – drug discovery is too expensive to consistently make money anymore. + +But rather than give up and die, pharma has discovered a new business model: + +1. Take an popular older drug + +2. Re-invent it, either with a minor change to the delivery mechanism, or by finding a similar molecule that works the same way + +3. Call this a new drug, advertise the hell out of it, and sell it for 10x – 100x the price of the older drug + +4. Profit! + +As long as doctors continue to outsource their thinking to the FDA approval process, in a way even the FDA itself doesn’t endorse, pharma companies will be able to inflate the prices of basic medications by a thousand times just by playing games with the bureaucracy. + +" +Hi. I’m Trevor. I’m a 32 year old investor with a colorful past on how I got into real estate. I had a rocky past and sold a lot of pot in college and was caught in a sting investigation. At that point I knew I would never be able to work in a white collar place or be hired, so I started a small business. I leveraged it into real estate and bought a foreclosure duplex, lived in one side, and rented the other... 4.5 years later I have close to 200 doors and 20m in holdings. I own mostly duplexes and apartments. I have some single family, commercial, and office, and air b n b mixed in there. I recently poached another market. Ask me anything. I’m +An open book and happy to help and maybe you can learn from some of my mistakes and +Things that have worked! +&#x200B; + +[Banner submission by u\/skratchattack ](https://preview.redd.it/aonkh35b4ly61.png?width=1111&format=png&auto=webp&s=f05b0100dbeb418e286ffb91726e458875c9d73b) + +# Good Morning Superstonk!!! + +# 📢TODAY IS AMA DAY!!! 📢 + +# [LINK TO AMA! STARTS AT 4PM EASTERN!!](https://youtu.be/KHnpPfWdf78) + +[**Countdown Timer to the AMA!!**](https://www.timeanddate.com/countdown/to?msg=Countdown%20Timer&p0=179&year=2021&month=5&day=12&hour=16&min=0&sec=0&fromtheme=generic) + +[🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/n9xjh7/come_and_get_them/?utm_source=share&utm_medium=web2x&context=3) + +**T**[**ake a minute to scroll through and (up)vote the memes in our giveaway thread!**](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3) **😆** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Tweet Heard Round the World + +[Mission Control to Major Gamestop. Do you read me? HODL.](https://preview.redd.it/jbj5axgezky61.png?width=1920&format=png&auto=webp&s=d9cc9dede70692e40f6ea2419cbf0efa046bac87) + +So Gamestop decided to be cryptic af while also jacking all of the tits yesterday when they tweeted this pic with the caption "**Been away for the past few months. What did I miss**?" + +# UM EXCUSE ME I HAVE SEVERAL QUESTIONS!! 🙋‍♀️ + +Let's look at the pic a little closer shall we? 🧐 + +Some people have pointed out that this is an [old original Carlsberg Beer advertisement](https://www.youtube.com/watch?v=Dnrq-V39B6M). And that is true. + +As you can see, the astronaut is both holding the Carlsberg beer in their hand, and resting their feet on a Carlsberg cooler. + +But let's think about whether this was intentional... ok. They *didn't* edit out the original Carlsberg, yet they edited *in* the GS on the sleeve? So it *is* edited, which logically tells me they left the Carlsberg there for a reason.... + +AND TODAY IS THE **CARL** HAG**BERG** AMA..... + +# 🚨GAMESTOP KNOWS ALL ABOUT CARL HAGBERG, HE IS THE EXPERT THEY CALL AND HIRE TO OFFICIALLY EXAMINE THE VOTES IF THEY'RE FUCKY. DO YOU UNDERSTAND THAT?! GME CORPORATE ALREADY KNOWS CARL WAY BEFORE THIS AMA!!!!!🚨 + +From Carl Hagberg's bio: + +["He is also considered to be a leading expert on the proxy voting process and has served as Independent Inspector of Election, both in contested and uncontested situations, at over 300 annual and special meetings of shareholders."](https://optimizeronline.com/about/) + +When a corporate election uncovers something wonky, like **OVERVOTING**, they call experts. + +# LIKE THE LEADING EXPERT IN THE FIELD, [CARL HAGBERG!](https://optimizeronline.com/about/) + +[**It has also been pointed out that Carlsberg (the Beer) has been- and continues to be- in the middle of a share buyback.**](https://tools.euroland.com/tools/Pressreleases/GetPressRelease/?ID=3909116&lang=en-GB&companycode=dk-cbg&v=dk-cbg_new) + +If that were to happen with GME, that would be more than checkmate for Hedgies, although that doesn't make a whole lot of sense considering they just unloaded a bunch of shares to clear debt. But maybe they are just getting back on the rocket with us **BECAUSE THE PRICE IS A LIE!!!** 🚀 + +Now do you see why it's not just a bunch of tin foil conspiracy? **DO YOU SEE IT?** (Laughs maniacally) + +[Ground Control to Major GME- DO WE HAVE BLASTOFF?!?!?!](https://preview.redd.it/6w7n8qeomly61.png?width=600&format=png&auto=webp&s=9a29e0f288d76f33e57514c99e745af4448529ff) + +&#x200B; + +# [And don't forget that yesterday was the first day that Gamestop Corp was actually able to see live poll results from the proxy voting.](https://www.reddit.com/r/Superstonk/comments/mxwfyt/proxy_voting_dd_how_the_count_works_and_timeline/?utm_source=share&utm_medium=web2x&context=3) THEY KNOW!!! + +[From the proxy vote computershare company's client handbook](https://preview.redd.it/tzcu9feq2oy61.png?width=762&format=png&auto=webp&s=117d1dc4553efd2c4586beb42f7220077d74585c) + +**Not only do they get REAL TIME results, they are ACTIONABLE results, meaning when they see the numbers and reports, THEY CAN BE UPHELD IN A COURT OF LAW!!!** [**Read more about it here!**](https://www-us.computershare.com/content/download.asp?docId=%7B9D6D5536-F0AD-4BF0-BECD-BA50A08971E1%7D&cc=US&lang=en&bhjs=0&theme=cpu) + +&#x200B; + +[~~This is the website we retail investors can use to find the results~~](https://www.proxymonitor.org/)~~!!~~ I will update here with results! None are posted at the time of publication. 👀 + +Edit 9:00 am NYSE time: I think we hugged the website to death. Idk if the link works now 🤷‍♀️ + +# __________________________________________________________ + +# 📢📢Clear your schedule for today at 4pm Eastern- No, SERIOUSLY YOU CAN'T MISS THIS AMA 📢📢 + +Remember how much the Dr. T AMA changed the game for us? Well the world is taking us seriously. And leading experts are now willing to come and educate this community, free of charge, because **THEY HAVE BEEN FIGHTING NAKED SHORT SELLING FOR YEARS AND SO FAR NO ONE HAS LISTENED!!** + +We are the pitchfork army of individual investors that Dr. T, Carl Hagberg, Dave Lauer, and many others, have been waiting to come and grab Wall Street by the absolute BALLS like we have, to where this issue can't be ignored any more. + +You know what makes us different? + +**THIS COMMUNITY!!** + +**YOU APES!!** + +[**If you watched the old Wall Street Conspiracy documentary LIKE I'VE BEEN TELLING YOU TO**](https://youtu.be/Kpyhnmd-ZbU) (I can still give out poopoo flairs for not watching, y'know 👀) then you know there have been apes for decades. Apes just like us. Apes fighting to stop corruption and expose the criminal financial system. But you notice something in that documentary about the apes? + +**THEY DIDN'T HAVE REDDIT!!** + +The apes in that documentary are just an earlier generation of us, that lacked the platform we have. Sure, they had an online group, but it was moderated by A SINGLE MOD. And it wasn't a huge community like ours. They had to physically pound the pavement to get the word out. Whereas they stood on the street corner of Wall Street with a bull horn, **WE HAVE AMAs ON YOUTUBE. 📢📢📢📢📢 We are doing this not only for this community, but for every ape before us who has tried to get someone's attention about the** [**Naked, Short, and Greedy**](https://spiramus.com/naked-short-and-greedy)**.** + +# [Tune in today at 4pm Eastern on Superstonk YouTube Live to watch](https://youtu.be/KHnpPfWdf78) u/atobitt [interview the legendary Carl Hagberg in this game changing AMA!!](https://youtu.be/KHnpPfWdf78) 💎🙌🚀 + +&#x200B; + +[Carl Hagberg, Retail Shareholder Rights Expert](https://preview.redd.it/fxanehaymly61.png?width=226&format=png&auto=webp&s=f9d969180951dcbacc6622e0220afb4049c0e0bc) + +[**Upon Dr. T's recommendation, everyone needs to read this comment from Mr. Hagberg to the SEC regarding overvoting!🚨**](https://www.sec.gov/comments/4-725/4725-4611649-176367.pdf) + +&#x200B; + +# Here's a comment from u/Atobitt: + +&#x200B; + +*"Honestly, I don't see how the vote can be low.* + +*I've talked with Carl and we both agree there's no way for hedge funds to get out of a 140% short position. The highest daily volume in Jan was on 1/22 with 197 million shares traded. Its much harder to explain that figure as legitimate shares being traded, because the entire company would have to exchange almost every share 3 times. The way hedge funds counter a dramatic and rapid increase in stock price is through shorting, and the pattern in GME and other heavily shorted stocks looks exactly like that. It's more likely that hedge funds were naked shorting millions of shares to suppress the price, which still went up until Robinhood halted retail buying.* + +*After that, their only option to get the situation under control was to cause a panic sell and bankrupt the company. If they couldn't tank the company and convince people to sell their positions, it would allow the buyer of those phantom shares to vote at the annual shareholder meeting. We saw flash crashes, short selling on circuit breaker events, and additional short selling when hedge funds were supposedly covering.. It started to look like they were desperate, which we knew they were.* + +*So.... By hodling through these events and voting at the meeting, we now have the most transparent way to illustrate the effects of their market f\*uckery.* + +*I think people (including myself) are going to be surprised by the number of votes cast this year. People like Carl Hagberg serve as proxy election specialists and audit the process to ensure everything checks out. He is considered one of the country's leading authorities on annual meeting matters. When the situations described above start to show up, its damned-near impossible to explain it any other way.* + +*Hedgies R F\*cked* + +💎 👐" - u/atobitt, describing how Hedgies r fukd + +Also... + +https://preview.redd.it/g97nzfg35my61.png?width=643&format=png&auto=webp&s=2705c87a199719ad0ea524d523061388555145f7 + +# ✅VOTE YOUR SHARES AND GET YOUR FLAIRS!✅ + +**Drop a comment below with !apevote! to get your special vote flair** + +EUROAPES GOT A FLAIR!! YOU TRIED!! TYPE !novote! TO GET YOUR SPECIAL FLAIR!! + +*FYI this works on any post in this sub, not just this one!* + +[**This Rock the Vote post will tell you all you need to know to exercise your right to vote!**](https://www.reddit.com/r/Superstonk/comments/n6isp6/rock_the_vote_proxy_voting_101_the_most_important/?utm_source=share&utm_medium=web2x&context=3) **💪** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Meet Finley and Quinn Mulligan- The brothers behind the Apes Together Strong Documentary + +The one told by apes, for apes. + +# [This is pasted from the OP by](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3) u/albanak + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **INTRO** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧 + +My name is Finley Mulligan ([u/albanak](https://www.reddit.com/u/albanak/)), my brother is Quinn Mulligan ([u/cyclopsQHM](https://www.reddit.com/u/cyclopsQHM/)). We are apes. + +We've been hodling since early Jan, joined the exodus to [r/GME](https://www.reddit.com/r/GME/) and eventually migrated with the first wave of settlers at [r/superstonk](https://www.reddit.com/r/superstonk/) — we are not outsiders, we want to make sure this story is told right and from within. + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍-- **BACKGROUND** \-- 🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +We got sick of seeing "retail" investors being portrayed like shit by the mainstream media. + +We couldn't stand seeing the narrative build that the current untenable state of our markets is somehow *our fault* — meanwhile, everyone turns a blind eye to the corruption, illegal practices, and blatant manipulation being practiced by the "institutions" lining the pockets of the asshats condemning us. + +Then the hulu doc came out and we kind of hit a limit. SO. I posted a simple question — "**Who wants a REAL documentary about what's happening with the squeeze**?" and the response was overwhelmingly positive — you had some key points of guidance: + +* The story isn't done 'til the squeeze has squozen +* Ask the questions no one's asking (naked short selling, FTDs, etc) +* Make sure to features the community as much as possible +* Tell the truth even if the truth hurts +* Fuck off, we just like the stock (fair enough) + +[**We took those tenets to heart and posted THIS**](https://www.reddit.com/r/GME/comments/mgoo4a/update_question_who_wants_a_real_documentary/)**.** + +This story isn't finished. + +It feels like a war of attrition at times but with new rules, SEC head, and the simple fact that time is on our side we believe that we will soon see an end to this saga. + +This last act is still unfolding and we won’t be telling an unfinished story — apes are very clear that this film shouldn’t finish until the squeeze has squozen and we want to respect that. + +We’ll be including the community throughout the creation of the film. Offering to show rough cuts, consulting when we’re stuck or need fresh eyes. We believe very much that community engagement is vital to being able to call this a film for apes by apes. + +If you'd like to follow along you can join our mailing list at [apestogetherstrongdoc.com](https://apestogetherstrongdoc.com/) + +or our twitter @ apestogetherdoc + +Please hit us up at [info@apestogetherstrongdoc.com](mailto:info@apestogetherstrongdoc.com) or tag [u/albanak](https://www.reddit.com/u/albanak/) in any post you think is worth calling attention to! Special thanks to [u/not\_ya-wify](https://www.reddit.com/u/not_ya-wify/) who's been super awesome doing this. + +This film is for you all, we'll answer any questions you have. + +**APES. TOGETHER. STRONG.** + +🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍🦧🦍 + +# [Read the full story about the Mulligan brothers and their awesome documentary here](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3). Please note that neither Superstonk, nor Superstonk Live YouTube are affiliated with the production (or any resulting profit) of this film. We just think it's cool as shit that they're telling the story from apes' perspective and wanted to share with you guys :) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DTCC Liquidity Test (yes, again) + +[I can haz fundz?](https://preview.redd.it/xr9yu0vntly61.jpg?width=726&format=pjpg&auto=webp&s=e2b83a20214bf0ce00097c72d1268cee88974c1a) + +[**So the DTCC is having a liquidity test tomorrow, May 13th.**](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf) + +[What the hell is a liquidity test anyway?](https://www.dtcc.com/~/media/Files/Downloads/Clearing-Services/FICC/CCLF-Annual-Test-Reference-Doc.pdf) + +Well... This doesn't effect anything in the market in real time, it is merely a computer simulation test meant to test the liquidity of the market when the new rules get implemented (think 002). It's odd that they would do a test that they *just* did in April, and they usually do **ANNUALLY,** to be doing it *again* just a **MONTH LATER**. And liquidity tests do require... liquidity... in order to pass them. So you *miiiiiight* need to sell a few things to rack up those liquid assets..... + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +## [Stocks just suffered the worst bout of concentrated selling pressure in history i.e. MASS SELLOFF YESTERDAY](https://twitter.com/sentimentrader/status/1392110819568095234?s=20) + +[Like takin aaaaall your valuables to the pawn shop right before bills come due](https://preview.redd.it/bk7mvyk3oly61.png?width=1373&format=png&auto=webp&s=70d8901da1e06a287b9298bc1ff40ecab723ab8a) + +So I can't find anything to really verify this tweet besides the tweet itself, but I will say, as u/bye_triangle pointed out, that u/deepfuckingvalue follows this account on his twitter, and I know that guy doesn't follow bogus sources. So I'm just saying take this was a liiiiittle grain of salt. But mods think this checks out. ✅ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 👀 New Mod-Only Post Flairs 👀 + +After an influx of requests for tighter moderation in the sub and much deliberation amongst the mod team, we decided it would be best to instead of removing questionable/unverified/contended posts, we would instead create some Mod-only use post flairs that we can assign when posts have been determined to be unverified, or totally debunked. + +So we decided that removing some posts was too much, and instead made a mod-only flair + +# ⚠Inconclusive⚠ + +so we can mark posts that seem suspect, inconclusive, or are potential FUD. OP can then revise their post with accurate info to have flair updated. Additionally, you apes can still see the post, and it's very transparent in what we are considering to be suspicious or potential FUD without removing it. You can then discuss for or against a flair change in the comments; + +We also added the + +# 🚨Debunked🚨 + +flair to the mod-only flair lineup. Please note, we will still remove posts that blatantly break rules; but this way we can manage in a transparent way whether to be cautious or not with posts. + +It's a seriously thin line to toe between democracy and something else. We are a pretty liberal mod team and we try to let the apes decide what we read in the jungle, but we also realize the weight and responsibility we have to provide accurate information to the community. Hopefully this satisfies both sides of the dilemma. + +[smooth brain](https://preview.redd.it/1u24b08ttly61.png?width=758&format=png&auto=webp&s=ba2f11a9317f8028adb35e9571739fc546b1b700) + +We're all just a bunch of smooth brained apes tryin' to get a couple wrinkles here. ✌ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢📦Don't Forget about the International Giveaway Contest!📢📦 + +3 lucky apes outside the USA will receive a Gamestop Limited Edition Bananya Cat, complete with red headband! + +https://preview.redd.it/wl6szt023ly61.png?width=1300&format=png&auto=webp&s=f9ca95e0cb395a7d36d0338dd32cf04ff1e34e23 + +# 💎🙌🚀SHOW ME THE MEMES!! 👀 + +**I want you to show me your best GME meme**!!! The 3 most upvoted memes from international apes will be declared GOAT and will finally be able to fill the little spoon void that your spouse left when they found out about your GME yolo. **I will ship it to ANYWHERE THE USPS SHIPS TO OUTSIDE THE USA!!** Free of cost, no rules to enter, just show me your best, funniest, most classic memes about the GME saga!! + +I don't care if they're video or image, just as long as they are OC and they don't break any sub rules. + +**This contest will run through Friday, May 14th at 3pm Eastern, at which time comments will be locked! Upvoting will continue through the weekend. Winners will be announced in the Superstonk Daily on Monday, May 17, 2021 and winners will be contacted via personal message for shipping information.** + +Again, there is no shipping cost or anything to the winners! And tbh, if I end up being able to order more that the 3 plushies, I will give more away to top winners, so stay tuned!! + +**I love this community of apes!! Y'all are like family and you all deserve a hug from a cute lil cat 😻🐈💖💖💖** + +*Plushies will not be shipped anywhere in the USA! The plushy is available online at* [*Gamestop.com*](https://gamestop.com/) + +*to USApes.* + +# [LINK TO THE MEME CONTEST IS LIVE NOW!!!!! LET THE MEMES BEGIN!!!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3) + +# Memes are not considered to be entered into the competition until they are posted in the giveaway thread (regardless of being posted on the main page.) + +*Addressing some FUD I've seen: Obviously by participating in this contest, you are willing to give an address for the prize to be shipped. There are many ways to safely get a package without giving your address. But I can't even afford to go visit my family out of state, I promise I won't show up in Germany or some shit unless it's post MOASS and I'm tryna buy a castle. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +https://preview.redd.it/bxe4r72sily61.png?width=554&format=png&auto=webp&s=5779082198c9d2274b6b172d274c2c70b660d290 + +**Be excellent to each other!!!** + +Be friendly, help others! + +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, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +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. + +[!apevote! for flair!](https://preview.redd.it/76m0p2rbsly61.jpg?width=850&format=pjpg&auto=webp&s=04688ef35c66d0876a678d99a7dcf424e0dd9f97) + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) 's Twitter or [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 's Twitter (below) to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +[https://mobile.twitter.com/redchessqueen99](https://mobile.twitter.com/redchessqueen99) + +[https://mobile.twitter.com/pinkcatsonacid](https://mobile.twitter.com/pinkcatsonacid) + +[SuperStonk. YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +# 🚨 ... AND VOTE!!! 🚨 + +**Don't forget to comment with !apevote! for your vote flair!!✅** + +&#x200B; + +EDIT: [Breaking News- IBKR changes its terms of service (in preparation for MOASS?)](https://www.reddit.com/r/Superstonk/comments/nahwr5/warning_ibkr_is_changing_its_terms_of_services_in/?utm_source=share&utm_medium=web2x&context=3) + +Mod comment from u/leaglese: + +*This post flair has been changed on the basis a lot of assumptions are drawn from the changes in this document.* + +*If you are unsure about a policy change with your broker, contact them to explain the changes.* + +*You are their client. Ensure to ask them what this means for your concerns before making any decisions to transition or leave them with apes on the internet, as they will know best.* + +*Not financial or legal advice.* + +# REMEMBER YOU DO NOT HAVE TO SELL YOUR SHARES WHEN YOU TRANSFER BROKERS! JUST A FRIENDLY REMINDER!! + +Talk to your broker about what's the best investment strategy for you! + +&#x200B; +My friend didn't have enough karma for posting so I did it in his behalf. + +Hi apes, in this ocasión I want to tell you my experience with Etoro that I had a few days ago. + +Turns out they closed all my positions without my consentiment and without even telling me. + +When I spoke to client service by phone they told me that it was because “some thirth party tried to access my account”, so ‘for my protection’ they close all my positions and return my money to my neteller account. + +For me that is a cheap answer and they didn't provide any evidence of this.....be careful with etoro. This just demonstrate that they could close our positions at any time without even telling us. + +The funny thing about all this, is that they did not tell me about this situation at any time. I figure it out just because Neteller sent me an email saying that I have extra funds in my account. + +In this particular case it wasn’t a big deal because I bought the shares again the same day, but I was in red because I bought them with a higher price months ago…. It woudn’t be funny at all if this was during the moass. + +https://preview.redd.it/g37rb3fdefi81.jpg?width=1280&format=pjpg&auto=webp&s=715c6b81c5e42c9f59050a2237f17334a2ee16c1 + +Here u can see how the shares that he bought on April of 2021 was sold and withdrawals and after he realized this he bought them all again. A true Diamond hand! + +So you may get up one day and all your positions would be closed and you wouldn't even know it. + +BE VERY CAREFUL WITH ETORO!! + +\- I created the post again because it was downvote for missing evidence which I already sent (record voice call with etoro) and It was verified by the MODs u[/half\_dane](https://www.reddit.com/r/half_dane/) and [u/\_exordium](https://www.reddit.com/user/_exordium) + +Link of the MODs saying that they verified everything! + +[https://www.reddit.com/r/Superstonk/comments/su4ii6/comment/hx7pa9d/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/su4ii6/comment/hx7pa9d/?utm_source=share&utm_medium=web2x&context=3) + +PD: ~~He can't create an account in others brokers because he is from South America and he doesn't have any other options~~. \* He is trying to create an account in IBKR. + +He only had GME position in ETORO, nothing else like a TRUE APE! + +DRS is the only way!!! + +Edit: for the people who cant create an account in IBKR for DRS, you have to do buy a share in www.giveashare.com, then Computershare will send u the letter to ur house with ur account number, so u can create you CS account, and then with Wise you can send money to ur CS account and buy shares directly in Computershare 🥳 + +Edit 2: Here there is a tutorial of how to buy in GIVEASHARE www.youtube.com/watch?v=JesoJbWMTXg +>*Short sale restriction is a rule that came out in 2010 and it's also referred as the alternate uptick rule, which means that* ***you can only short a stock on an uptick***\*. This is kind of an unusual thing when you first think about it. It restricts the ability to short a stock as it's dropping down.\* + +&#x200B; + +To pretend naked shorting doesn't exist at this point IS MORE of a conspiracy. MSM is the one wearing tin foil hats if they are turning a blind eye. It may not be the way they did it in 2008, but it's still being done through swaps and etfs. And it's blatant. + +&#x200B; + +Shareholder meeting and earnings on deck and the price triggers SSR. Hilarious. + +&#x200B; + +&#x200B; + +\*Edit. They listed 10,000 shares at 87.7% borrow fee to totally debunk this post. See guys, everything is okay. There are shares to short and it isn't 90% borrow fee, its 87.7%! Those superstonk fellers are just trouble makers and conspiracy theorist. Nothing to see here. + +&#x200B; + +https://preview.redd.it/asvr8zs72u291.jpg?width=1081&format=pjpg&auto=webp&s=018d9cbf1ced4b005d12bf1f8043401c97af7bc0 + +&#x200B; +We are in tech and expect to set aside 400k every two years for investments on top of what we have already. I'm familiar with advanced pricing concepts for securities and tech startups but not real estate. For what we have and expect to earn, what type of real estate would you recommend and why? Also, what are the most common pitfalls? + + +As far as time commitment we have a lot of flexability. +I’m about to close on my first duplex. I plan to live in one of the units and rent out the other. I’m trying my to walk through all the things I may not be thinking of during this process if I choose to openly tell a tenant that I live in the other side. Thoughts? +I know it's great to hear naked shorts being mentioned live, and on CNBC of all places, but be careful with what you post. The last thing we need is for our sub to be demonized later. If you think it might be in bad taste, I'd advise against. If you already have posted a joke or comment that might be taken the wrong way, consider deleting it. Just a thought from an ape. +And what are your backgrounds? Are you programmers that simply find economics interesting? College students majoring in it? Just trying to keep up with important news? In the economics business one way or another? + +This has been asked twice before. [First](http://www.reddit.com/comments/6ai0r/how_many_people_here_are_actually_interested_in) two years ago with 483 comments, and [second](http://www.reddit.com/r/Economics/comments/7qj56/how_many_people_here_are_actually_interested_in/) a year ago with 469 comments. I'm curious how the answers might be different today. +I am sitting here, thinking about the last 9 months of my life after learning about and investing in GME. We have been through now 3 earnings calls. We have been through countless short attacks. Massive FUD campaigns from nearly every media company in the world. + + +The odds have always been against us. Yet the fact that I feel nothing after our 3rd post-earnings short attack is a testament to why the hedgefunds are doomed. I no longer CARE about the money I invested into GME. We know you guys fucked up. We all know it. And you make it blatantly obvious. I don’t know many things, but I DO know that you guys are fucked. + +I, like many other middle class retail investors don’t have many things to look forward to … and HODLing has been the MOST fun I’ve had in my fucking life. If you want to take away the sheer joy I’m having right now then you’re going to fucking pay what I *WANT* to take this happiness away. And not a lot makes me happy. *You’re fucked.* + + +We ride at dawn. 🚀🔜🌕 +I’m 27 with 6 figures of student loan debt. Currently making $65k in a MCOL. Able to put $2k a month on my loans and 6% into a Roth, debt should be cleared up in 7 years without any promotions or raises assumed. + +I would love to be financially independent one day. I’m curious if anyone here has overcome a challenge like this, and what advice you may have. +Been a HODLer for a few years. I threw essentially 6.3k into getting 1 coin. Treated it just like a savings account. Wouldn't touch the damn thing until absolutely necessary. That time is now. I'm only sad....I couldn't HODL you longer, little buddy 😥 + +BUT....I still have remnants. And they shall remain HODLed. + +Just remember. If anyone ever asks you when you plan on selling. The answer is: + +>!More.!< + + +Update for those claiming horror stories of being denied because they used Bitcoin. My loan officer just sent this to me: " FYI- They did question the Bitcoin but I spent over an hour going through the summaries you sent. I had to explain to him what was happening as their statements are not that easy to understand when you are not familiar with them. He signed off on them which is why I did not ask for anything else on them. " +I know that the number of meme coins that gets shilled here every hour can be overwhelming but if you are anything like me and want to invest in something that safely makes you smile in a couple of months, I sincerely believe that your best bet at the moment is $SAFEMOON + +Here are my reasons: + +1. The community. Many underestimate the power of a positive and passionate community. We all saw how r/wallstreetbets community rallied to push GME stock price to hundreds of $$$ in defiance against powerful hedge fund firms of wall Street. I see the same passion and determination in members of the $SAFEMOON community, Only this time, there are no hedge funds to try to stop the price from soaring. + + +2. BSC fee over ETH gas fee all fucking day! Whether you are buying 10$ or 10,000$ worth of $SAFEMOON, you don't have to hurt your wallet in gas fees because it is on the binance smart chain network. Lots of projects are moving out of ETH network to BSC network because of the high gas fees. + + +3. 5℅ Burn and 5% token distribution: I don't think I need to talk too much about this. You buy and HODL, then watch the magic happen whenever anyone buys or sells. CRAZY right?! The millions of coins that keeps accumulating in my wallet every time I take a look just feels goddamn good! Compare this to HOGE (Also a good community driven coin) that distributes just 1% to holders, 5% is a mouth-watering sweet deal for a coin with this level of momentum. + + +4. It's not even listed on any exchange yet and it's already the NUMBER 1 most viewed coin on CMC. Imagine when it gets listed on popular exchanges. The devs and community are actively working on this right now with WHITEBIT exchange being almost certain at this point. + + +5. Read 1 - 4 again. See you guys on the moon + +Here is a detailed instruction from another user on how to buy $SAFEMOON using pancakeswap https://www.reddit.com/r/CryptoMoonShots/comments/m47t7t/safemoon_will_be_the_hoge_of_bsc/ +Come on the Quest for the most rewarding token of all. We delve deep into the antics of MoReward (Mordor) and reward ALL holders of $RINGS with golden treasures of BUSD. That's Right! It’s a rewards token which means as long as you hold this token you will be rewarded with BUSD. So what are you waiting for? gather your BNB and take part in this exciting journey! One Ring to rule them all, One Ring to find them, One Ring to bring them all and in the darkness bind them. Don't miss the opportunity to party with Gandalf on the MOON OF MORDOR 🌔 + +Lord of the Inu will be launching soon, but for now they aim to build a community and get a marketing plan in place.This is only the beginning of the adventure; the token has a dedicated team, big marketing plans, and a sizable budget, all of which they intend to put to good use. ⚡️ + +This token is healthy as it’s liquidity is locked and has a promising roadmap as well as tokenomics. The team has BIG Plans some of this being an in app dev and an NFT Platform 🚀 + +The Lord of the Inu team invites everyone to join their Telegram group and follow their twitter and pay attention to the notifications to stay up to speed on all project information. + +Presale will take place on July 29th at 6pm UTC. + +These are the relevant links to the project: + +🗣 Telegram: https://t.me/lordoftheinu + +💍 Twitter: https://twitter.com/lordoftheinu + +💻Website: https://www.lordoftheinu.com/ +I never thought of owning a house, but I suppose I could make money as a landlord. Up until now (I'm 45) I have been living in rented apartments, always with, at least, a few other people (shared kitchen and bathroom). If I decide to take my landlord's recommendation, and speak to a real estate agent in regards to buying, what kind of questions should I ask? Thanks. +**Hello everybody,** + +**There's no doubt about it! The beginning of a new era in yield farming and liquidity provision is here.** We may be a **TOAD** but there isn't any croaks in these statements. This 💣 team comes with experience from Tron, Matic, HOGE, and are here for the **inevitable takeover of DEFI**. Follow on down below to see what can't be unseen. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# + +# + +# 🐸 [TOAD.Network](https://TOAD.Network) + +**TOAD** in conjunction with [**PADSwap**](https://padswap.exchange) aims to change the way users view liquidity with perpetual & decentralized liquidity through a unique, one of a kind system called “**DPLP**”. **What is DPLP you ask?** + +&#x200B; + +&#x200B; + +&#x200B; + +# 📠DPLP is “Decentralized Perpetual Liquidity Protocol”. 📠 + +Utilization of natural market forces, and self interest ensures perpetual movement into and out of farms. Like a water wheel using an endless river current, this means that there will forever be liquidity to farm and decentralize. This creates a **rugpull-proof ecosystem for projects to utilize**. + +&#x200B; + +&#x200B; + +&#x200B; + +# [Toad Network](http://toad.network/) + +# 🐸 1M Market Cap, 1M+ TVL!! + +🐸 Maximum token supply 195K + +🐸 Recent List at top 30 Exchange XT.com + +🐸 Rugpull-proof as DEVS have donated all their LP tokens for users to farm + +🐸 Large selection of yield farms to earn TOAD and PAD + +🐸 Toad has DPLP farming that ensures there will be liquid TOAD for purchase 1000 years from now + +🐸 [Toad.Academy](https://toad.academy) brings gamification to crypto learning + +&#x200B; + +&#x200B; + +&#x200B; + +# [Padswap Exchange](http://padswap.exchange/) + +# ✳️ 400K Market Cap + +✅ Highest LP Rewards on BSC with low swap fees + +🔄 Swap any token that has liquidity added to the DEX + +🤝 Fair launched and self funded. The DEVs donated over 200k of their own liquidity at project launch + +🏦 Vault providing an ever rising price floor of index backing **over 7% already!** + +💸 High rewards to liquidity providers: .25% vs the .17% LPs earn on PCS + +&#x200B; + +&#x200B; + +&#x200B; + +💥[**BUY TOAD AND PAD on PADSwap!**](https://padswap.exchange/#/swap) 💥 + +Math nerds and meme lords behold: It gets even better! + +&#x200B; + +&#x200B; + +&#x200B; + +# The future evolution of the [TOAD.Network](https://TOAD.Network) ecosystem: + +🌉 ERC20 Bridge final in days + +🌉 FTM bridge + +📊Portfolio tracker + +💰Crypto ATMs + +🚀LaunchPAD + +⚛️Governance system(TOADAO) + +🌐NFT marketplace + +👁‍🗨Simplified app + +✳️Auto-stake as savings account + +☢️New Merch additions and limited series, collaborations + +🧬Partnerships Farms, LPFs, Custom Liquid solutions + +🎦Animated Video Series + +&#x200B; + +&#x200B; + +&#x200B; + +# 🐸Toad Network is limitless🐸 + +**What is TOAD.Network? -** [**CLICK HERE**](https://toadytoad.medium.com/the-toad-network-46f5f6872ab6) + +**TOAD.Network Audit Report -** [**CLICK HERE**](https://toad.network/toad_audit_report.pdf) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**What is PADSwap? -** [**CLICK HERE**](https://medium.com/@SnakePlisken/hi-im-pad-4b06686c8508) + +**PADSwap White Paper -** [**CLICK HERE**](https://www.dropbox.com/s/bng5e1bq2u03bk6/PAD%20WHITEPAPER.PDF?dl=0) + +**PADSwap Audit Report -** [**CLICK HERE**](https://toad.network/pad_audit_report.pdf) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🐸SOCIALS🐸 + +**Twitter -** [**CLICK HERE**](https://twitter.com/toadnetwork?lang=en) + +**Reddit -** [**CLICK HERE**](https://www.reddit.com/r/TOADNetwork) + +**Telegram -** [**CLICK HERE**](https://t.me/toadnetwork) + +**Youtube -** [**CLICK HERE**](https://www.youtube.com/watch?v=5zOg6WWLO0o&t) + +**Merch -** [**CLICK HERE**](https://piramyd.me/toad-network-x-piramyd/) + + +Also sorry for editing a word in my previous post which resulted in its removal. +$0 was not an acceptable answer to her. She didn’t understand that my parents have no savings. There’s a reason they call it generational poverty. I’m definitely not in the worst spot I’ve ever been but I’m not living large by any means and I can’t foresee a time when I won’t be scrimping. To prove I was serious, I called my mom in front of her to ask about any potential inheritance. She (my mom) just laughed. + +I love my friend a lot and this post is by no means meant to disparage her at all. It just really highlighted how different our outlooks on finances are and was sort of a wtf moment for me lol. + +Edit to say that I know some people are hung up on the fact that my friend even asked. It wasn’t rude or unwelcome as we were talking about our finances and do so pretty regularly. Honestly I feel everyone should have someone they’re completely open with (a partner, a friend, a relative, etc). Also, we might not like thinking about our parents leaving us but it’s important to understand what kind of situation we’ll be left with when they’re gone. +...did you continue to sell CSP, was it even feasible? + +...did you adjust your strategy? + +...did you take a pause all together? + +How is selling options in a bear market? I don't suppose you turn around and sell naked calls. +BK: I'm a mid-late 20s L6 SWE at a FAANG with clear path for growth into L7+. The total comp is great, the benefits are great, etc. Currently single, kids eventually but not on the near horizon. + + +I'm considering making a career pivot to a startup, potentially very early stage like seed round or series A/B. On the one hand I've heard that now is one of the least risky times in history to join a startup given the amount of funding that's being pumped into the market right now. On the other hand, I'd be going from $600k+ comp to something much lower ($250k tops?) for the foreseeable future. + + +I'm itching for something exciting, but I'm also risk averse, hence the bind. I've heard plenty of stories from friends and coworkers who've made a similar jump with no regrets. I'm curious to ask here -- does anyone have experience with leaving a cushy secure role for something much riskier and regret the move? Or if you're in the category of "it didn't pay out financially but the experience was still worth it", I'd like to hear from you! +With the recent juice in the stock market I now find myself within spitting distance of my fatfire number (3% away to be precise). The current (very) high cape ratio and the still unresolved global pandemic have me thinking the safe withdrawal rate I'm basing my number on may be risky. I'm looking at 3.25% with the expectation that I'm virtually guaranteed to leave some behind after an extended retirement of around 60 years. For those in a similar situation, how has the current situation affected the way you evaluate your readiness? +Hey guys, I posted quite a bit yesterday in [this thread](https://np.reddit.com/r/ethereum/comments/88y85x/if_the_community_wants_fixed_supply_and_people/) on why I think we should seriously consider the 120M hardcap Vitalik proposed two days ago. Here is his EIP proposal in [GitHub](https://github.com/ethereum/EIPs/issues/960), and here are [some Tweets](https://twitter.com/VitalikButerin/status/980745388691922945) he made about it. + +I made the link to the Reddit discussion non-participatory, but if you have a value-added comment to make, you know what to do. *"Yes, do it, so the price moons!"* is not value-added, by the way. Rather than brigade that post, consider posting your thoughts here. Remember this linked post is in r/ethereum, not r/ethtrader. Discussion should be around technical issues, and not about price issues. + +**But what's interesting is that under Proof of Stake, the development/security interests of r/ethereum and the price interests of r/ethrader are going to start to collide, and then possibly align. I believe the community has just not fully internalized this yet. Greater ETH token value is going to mean a more secure network for all of us.** + +There is no doubt in my mind that the price of ETH is lower than it could be because it lacks a hardcap, due to a highly competitive crypto marketplace. Would we need to be sure that the network could technically function with this supply cap? Absolutely, but the fact that Vitalik brought it up leads me to believe that he's already come to the conclusion that it can. It would be great to have more analysis in this regard. + +My thoughts are best summarized by [my comment here.](https://np.reddit.com/r/ethereum/comments/88y85x/if_the_community_wants_fixed_supply_and_people/dwoahs0/) Rather than repeat myself, please take the time to read it if you are interested. + +Yes, implementing a hardcap would likely raise the price, but that increase in price is far more important than just making some people here rich. Ethereum's niche in this growing crypto market is that it is the highest security, decentralized smart contract chain in existence. There may be others who are faster, but they will be less secure (and by the way, Ethereum will still have Plasma and other L2 for those dapps). There may be others that are more secure as a non-smart contract protocol, but lack the extensibility of Ethereum. + +This is a very special sweet spot that I believe the world needs. I one day want my house deed, and perhaps more importantly, the house deed of a slum dweller in a less wealthy part of the world, to be stored on Ethereum. Those folks don't have meaningful property rights, but something like Ethereum could give it to them. In order for us to do that, Ethereum needs to be far more valuable than it is today, especially under Proof of Stake, where token value has a very real connection to security. I write more on that [here in this older post.](https://www.reddit.com/r/ethtrader/comments/7mwbbc/will_proof_of_stake_turn_eth_into_the_best_store/) I also recommend reading [this](https://medium.com/@jonchoi/ethereum-casper-101-7a851a4f1eb0) if you want to learn more about Casper. + +I encourage you to ready my comments throughout [that linked post](https://np.reddit.com/r/ethereum/comments/88y85x/if_the_community_wants_fixed_supply_and_people/) if you want to understand my perspective, and those on the other side as well. There are many nuanced points that I do not discuss in this abridged post here in r/ethtrader (e.g., the benefits and downsides of inflation, the use of ETH as a currency vs a "sometimes" medium of exchange / reserve asset / tradable commodity). + +This is a very important and possibly divisive question for this community. Inform yourselves and develop your own opinions. Finally, I don't know if it will happen, but Vitalik suggests a CarbonVote on this issue could be possible. +Hi there! + +I'm in a predicament. Due to a break up I'm stuck in a place which seems to have no resolution. + +My yearly salary is £26k. My monthly outgoings on bills and rent (£760) are £1.2k, my take home is between £1.5k to £1.6k depending on the month. + +This leaves me with £300-400 to feed myself and my daughter, buy clothes etc etc. + +I don't drive as it's not something I can afford. I could move to a house with lower rent but I can't afford to save for a deposit to move. I would be financially better off, on my current salary, if I had more money to change my housing situation. + +I'm just very stuck. And I'm unsure where I go from here. It feels like I'm in a pit. + +Is anybody aware of any support I could get in this situation? I am unable to get any benefits, my daughters mother gets government support (even though we have 50/50 custody). I am just very lost and hoping some of you financial wizards have some kind of advice. + +I am currently looking for another job with a higher salary, but I live in a small town and all jobs I can find I'm suitable for require transport. + +I can not afford regular public transport because that will be making a decision between food or travel and I'm already down around 20kg in 4 months. + +Hope you guys can help me out in some way! + +Thanks, +Oran. + + + +Edit: Thank you so much to everybody for putting so much effort and time into providing me with support. I am getting emotional, it's quite overwhelming that so many strangers are willing to provide so much helpful advice. + +I intend on replying to everybody individually whilst going through all the resources but I swore I'd do these dishes 3 hours ago and should get to it. + +Thank you so much, I can't put into words how grateful I am. + + + +Edit 2: I intended to get back to everybody individually. I'm just awake post night shift and have found the post is locked due to some less than helpful comments. + +Thank you to everybody who responded, the advice given here in priceless and I can't help but think we've created a post that will help countless people in similar situations going forward. + +I will reply to the private messages when possible. You are all amazing. I can not articulate my gratitude. Thank you so much. +Oran. +Currently entertaining the idea of investing in a 2 family in a town that has a small state school in it. There's also a small hospital there and it holds a steady population of 17,000. Between the state school and the hospital, people are always going to need somewhere to live. + +The house is listed at $230,000 and is 2 units of 3 bedrooms each. They're claiming the property takes in $47,000 in rental income every year which is offset by $10,000 per year in expenses (insurance, taxes, heating, garbage, and lawn maintenance). Thus providing a net income of $37,000 per year. After you factor in the mortgage it comes out to around $28,000 profit per year. That seems like an insane opportunity and I can't fathom why someone would be selling a property with such positive cash flow. + +Am I missing something painfully obvious that would serve as "the catch"? Since it's primarily rented by college students, I would form an LLC and get an umbrella policy to ensure I am extremely covered from a liability perspective as well as getting the students' partents to cosign/guarantee the lease. + +Any insight would be greatly appreciated! +I own a duplex worth $750k , I’m into it 440k. It gets 3400 a month in rents. Taxes are $4500 and insurance is $900 a year. It had a cosmetic remodel but needs about $25,000 in windows and adding AC, it’s from 1997. + +My current home is also owned outright. It’s a 2021 build, I payed $415k and can sell it for 500k even in this market, the other new ones are listed at 600k and I have better views. + +I’m looking to buy a 700k ranch property with 5 acres. + +I have- +Job paying 80k salary plus bonus, been here one year. + +$50,000 in bank + +$20,000 in investment + +$200,000 in cars owned outright I can sell if I have to. + +Preapproval for loan up to 350k at 7% + + +What is the smartest move to get the new place? + +Selling my current home for 500k and taking a mortgage for the rest. + +Selling the duplex and buying new home outright. + +Keeping both and doing a heloc or something. + + +Thanks!!! +sup apes, + +I hope everyone is looking forward to an exciting week of trading following the long weekend. I am curious to see what happens to the puts expiring on 21st. + +This is a follow up to my previous post "THEY STILL HAVENT TOLD YOU" where we looked at Bruce Knuteson's research paper regarding overnight and intraday returns. Out of courtesy, I emailed Bruce to let him know that Superstonk are very interested in his thesis. Not received a reply but will update if and when I do. + +Bruce has written several other papers on this topic, which are very much worth reading. they are all hosted here along with the code he uses to generate the data: [https://bruceknuteson.github.io/spy-day-and-night/](https://bruceknuteson.github.io/spy-day-and-night/) + +A bit about Bruce Knuteson before we go on, as I had many messages about his credentials (also I am not Bruce and can prove to mods if required lol). Bruce was Assistant Professor of Physics at MIT for nearly 5 years. He then went on to work at D E Shaw (remember this part) for 6 years in 2008 as a Quantitive Analyst, progressing to Vice President in 2011. + +He is clearly a knowledgeable guy. + +In this post though, I wanted to explore his various attempts at communicating his concerns to various regulators and media outlets. Bruce has made many attempts over the years to alert the relevant people to his findings, and has published these attempts on the GitHub linked above: + +# SEC + +Bruce has emails to the SEC between 2017 and 2021: + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/SEC.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/SEC.pdf) + +https://preview.redd.it/tk5d19lzqfc81.png?width=801&format=png&auto=webp&s=6ad99897a21d57205f661a6635571d8eb043a4d4 + +&#x200B; + +https://preview.redd.it/3edfok71rfc81.png?width=806&format=png&auto=webp&s=55073d10953130aedcde200afe2963278d05a685 + +&#x200B; + +https://preview.redd.it/xaxwwwt3rfc81.png?width=802&format=png&auto=webp&s=42fbc311d77fac68553e98358e549f0d9ddf8e6c + +&#x200B; + +https://preview.redd.it/uaqq4kn5rfc81.png?width=802&format=png&auto=webp&s=12a6eae797d9a01d68f409105bdf27378f3c5b53 + +&#x200B; + +https://preview.redd.it/hgp7iyc7rfc81.png?width=800&format=png&auto=webp&s=2d6e8ad889e77960dadd551027e7795a9c489a6a + +&#x200B; + +https://preview.redd.it/s7c5vxb9rfc81.png?width=800&format=png&auto=webp&s=5cdaf00aa0e914a0b597c91f190853c2b14885fc + +&#x200B; + +https://preview.redd.it/20og2r1brfc81.png?width=797&format=png&auto=webp&s=1e9adf9d8d1ab07a9980e2a029e14b5bf3971cf0 + +&#x200B; + +https://preview.redd.it/0z27cdscrfc81.png?width=802&format=png&auto=webp&s=b87ca9e13dcc7cada6fae74cd272788b2ee94d38 + +**THE OFR** + +emails to OFR between 2017 - 2021 (not a single response) + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/OFR.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/OFR.pdf) + +&#x200B; + +**THE NY FED** + +Bruce emails NY FED between 2020 and 2021. They do reply with a paper they released looking at the pattern: [https://www.newyorkfed.org/medialibrary/media/research/staff\_reports/sr917.pdf](https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr917.pdf) + +Bruce notes this offers no explanation to who is causing this pattern, merely acknowledges it exists. + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/NYFed.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/NYFed.pdf) + +&#x200B; + +https://preview.redd.it/lm0leywurfc81.png?width=808&format=png&auto=webp&s=adf0be9dda53947346afdd631949c8cc0abdd8cd + +&#x200B; + +https://preview.redd.it/2jc01u6xrfc81.png?width=813&format=png&auto=webp&s=0852c24437b68ef05fc61b0168cdfa6ade9d1a21 + +&#x200B; + +https://preview.redd.it/7w8dtioyrfc81.png?width=816&format=png&auto=webp&s=e960d44ba141e482d137f6a29621d74b78d14a3b + +&#x200B; + +https://preview.redd.it/tfxgpbc0sfc81.png?width=809&format=png&auto=webp&s=638b75d5c85b0b5ae61f563583a154d365cb46b8 + +&#x200B; + +&#x200B; + +https://preview.redd.it/l4foz363sfc81.png?width=576&format=png&auto=webp&s=192a3865a4e000f46b11e0609cda70e965e77c63 + +**FINANCIAL TIMES** + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/FT.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/FT.pdf) + +Bruce emails financial times between 2017 and 2021, who do eventually engage by providing questions for answer. Interestingly in this exchange, Bruce notes that a contract with D E SHAW his previous employer restricts him from answering some things: + +&#x200B; + +https://preview.redd.it/r704o86ssfc81.png?width=676&format=png&auto=webp&s=0777f0a995f02d32fcc84d82609572edcea0b7d2 + +&#x200B; + +https://preview.redd.it/g36cfcmtsfc81.png?width=774&format=png&auto=webp&s=69dad1ab7624a06274ae151b4591a35c453a98f1 + +**WALL STREET JOURNAL** + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/WSJ.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/WSJ.pdf) + +Super professional from them: + +&#x200B; + +https://preview.redd.it/u3yv28r4tfc81.png?width=696&format=png&auto=webp&s=c396d45a6b4c334e492908e39811be658e37e552 + +**WASHINGTON POST** + +[https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/WashPost.pdf](https://bruceknuteson.github.io/spy-day-and-night/correspondence/1/WashPost.pdf) + +Now this part is where it gets interesting. Clear interest in the topic from the reporter: + +&#x200B; + +https://preview.redd.it/7fadq8cftfc81.png?width=582&format=png&auto=webp&s=a84a35940125b5d3c3e354e8fc9e4e847fc3a61a + +&#x200B; + +https://preview.redd.it/7b5wcqdmtfc81.png?width=551&format=png&auto=webp&s=cab22759d2488b65f4fe96ffb4c04605499cc78c + +Note the reply which seemingly stops the conversation dead. "D E SHAW IS A BIG DEAL. MY OWNERS FORMER EMPLOYER". + +Who do we know that worked for D E SHAW, that now owns Washington Post? + +&#x200B; + +[wtf](https://preview.redd.it/gy63arvwtfc81.png?width=675&format=png&auto=webp&s=f09888f435928e645629f462493507d886881a9f) + +Why no interested anymore Washington Post? + +&#x200B; + +I hope Apes find these exchanges interesting. Due to the number of questions and replies I saw about why the general tone of the article was sometimes angry/frustrated, I think these go a long way to show why. Bruce has strong conviction in his thesis that this is not normal (look at China where this does not occur) and has been trying to communicate this to people who are ultimately responsible for ensuring these abnormal patterns are thoroughly investigated, and to ensure if manipulation is occurring, to put a stop to it. + +They are clearly not interested, or, as he says, have chosen not to tell you. +I have just finished reading it not long ago and have wondered does the formula still work in current market conditions and has anyone tried it before, i would like to hear some feedback on your experience. +Let's say I have 100 stocks of ABC @ $10 then after let's say 1 month the price is up by $3 now I have $300 in profit and I am predicting the price to go down by $1 in coming few days so in that case should I keep holding stock as I know the profit is going to decrease by $100 or should I sell and buy back again? +Risk: my prediction might go wrong and I can end up not buying that stock at that same price again. +What do you guys suggest in situations like this ? +Any help is appreciated. Thank you +My rent is overdue. I have a week to pay before I'm evicted. I have no money in the bank, and I am in debt. My debt is about $6,000 spread between credit cards, medical bills, affirm, and 2 loans ($400 and $1400). I don't know what to do. I have tried applying for loans but I have been denied for every single one, including the sketchy no-credit check loans. Ideally I would get a loan for $7000, pay rent, pay off my loans, and then pay that off, but no one will approve me because of my credit score, and the ones that will accept low credit say I don't have enough debt. Even if I wanted to take a small loan to get myself more in debt (sounds crazy, I know), I can't because I can't get approved. I don't have anyone I can ask for help, I don't have anything I can sell. My credit score is about 580. I work 40 hours a week, and get paid $16.50 an hour, and I know if I could get my monthly payments down I could afford rent, but I'm stuck, and I'm scared. What should I do? + +Update: After crunching some numbers I should be able to cover this month's rent on Friday when I get paid, and I have already applied for some overtime at work to get a head start on next month. I am going to talk to someone on Monday about consolidating my debt so I can have a better handle on it and budget better. I'm also going to discuss my spending issues with my therapist. I think at this point I have an addiction to spending money. It's bad. Luckily I have insurance to cover therapy, and I will be discussing my medical bills with the hospital to hopefully get them reduced on top of the thousands taken off by insurance. +I have just recieved a little over 10k from my grandfathers estate. I never knew him, he wasnt a particularly good person so this is a nice but strange surprise. I am not wealthy and have never made investments before. My husband has a few but nothing of any real value. He says I should put most of this money in a CD. I would like to make some investments with at least a portion of it. + +I would like to grow this money as much as I can. I know almost nothing about banking or money management. I am open to all ideas. + +Edited with less specific money values to decrease scam dms +💡It was the FBI and not the SEC that was investigating Jordan Belfort for Securities fraud. There's a scene where Jordan was on his boat and he tells the agent that the SEC has already looked into him. The agent explained that the SEC is a civil regulatory agency and that it's the FBI that pursues criminal activities. + +Shouldn't individual investors then be reporting alleged securities fraud and other crimes directly to the FBI to investigate? + +Heres some info: +https://www.crimemuseum.org/crime-library/white-collar-crime/jordan-belfort/ + +Edit: Woah this was getting downvoted heavily when it was a new post, but not anymore! Thanks for the likes and health discussion Apes. + +A few extra points while I have your attention: + +DRS your shares. + +Sort by "rising", not just "top" - a lot of posts are being suppressed by downvotes. + +This sub used to be more open to educating one another. I think learning about the market reduces the barriers to entry for retail investors and empowers them. I learned so much through Superstonk and the subs before it. I mean come on! We had our own YouTube channel with amazing AMAs. + +We should be open to honest conversations about the market regardless how each individual investor chooses to invest. We should not be lambasting others for their thoughtful questions and right to exercise in a free market, we can provide them with information that can help with their decision and the rationale as to why it may be incorrect. Don't target the individual, target the (potential) problem.Yes this means about options trading too. + +Ape don't fight ape. Remember you were new once too. Always try to help people out when they come with good intentions. Plus if apes are too busy arguing with one another then nobody is looking at HF and MSM to see what they're up to - don't let them win. + +Jordan Belfort went to a cushy white collar prison. Let's make sure the HF and financial terrorists of the world don't get off that easy and get what they deserve for their crimes against humanity. + +Seems like apes have already identified the FBI as a source to report financial crimes, so why isn't it as common as speaking about the SEC on here? + +https://www.reddit.com/r/Superstonk/comments/pdt9x9/the_fbi_has_joined_the_chat_did_you_know_that_the/?utm_medium=android_app&utm_source=share. Thanks for the reminder, u/derlocker +This subreddit is amazing, but as a newcomer i found it very daunting to "do my own DD" and the following order is both what i found most interesting, and what helped me understand it all. Hopefully it helps some new apes, which can then branch off and delve deeper into it all knowing the basics. + + + + +&nbsp; + + +**Explains all the basics and the terms:** + + +[u/HCMF_MaceFace LINK](https://old.reddit.com/r/Superstonk/comments/nletnn/gme_the_mother_of_all_short_squeezes_moass_thesis/) + +&nbsp; + + +**House of Cards. What is the DTC and much more:** + + +[u/atobitt PDF LINK](https://pdfhost.io/v/lRQ4HqpG0_House_of_Cards_Atobitt.pdf) + +&nbsp; + + +[House of Cards part 1 LINK with a bit more information.](https://www.reddit.com/r/Superstonk/comments/mvk5dv/a_house_of_cards_part_1/) + +[Part 2 LINK](https://old.reddit.com/r/Superstonk/comments/nlwaxv/house_of_cards_part_2/) + +[Part 3 LINK](https://old.reddit.com/r/Superstonk/comments/nlwqyv/house_of_cards_part_3/) + +&nbsp; + + +The above also goes into depth about naked shorting which is very important. + +&nbsp; + + +**More information on naked shorting:** + +[u/sharkbaitlol LINK](https://old.reddit.com/r/Superstonk/comments/nt0ojl/everything_superstonk_knows_about_naked_shorting/) + +&nbsp; + + +**The Everything Short - what is happening and why and how it ties in with everything else (ETFs etc):** + + +[u/atobitt LINK](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +&nbsp; + + +**Similar to the above, but how it ties in with price movements of GME around shorting & FTDs on a cycle:** + + +[u/Criand LINK] (https://old.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/) + +&nbsp; + + +It also helps to understand why you shouldn’t panic when suddenly the price tanks, for example you can speculate the price will pump around T+21, then it will cool off and dip. Don’t sell, looking to buy in cheaper because 9/10 times you will lose. Just buy more or take a DCA approach. You have enough to buy 10 shares? Then buy 1 or 2 a day so you don’t miss out and end up fomoing in on a peak, but you also land a potential dip. [u/MSCToker Why **Averaging up** in GME is a wise move LINK](https://www.reddit.com/r/GME/comments/nv3zwc/concentration%5C_vs%5C_diversification%5C_and%5C_averaging%5C_up/) + +&nbsp; + +**Technical Analysis side of things from our friendly apes:** + +&nbsp; + +Here is Elliott Wave guy (not most recent version, search for the rest) [u/possibly6 LINK](https://old.reddit.com/r/Superstonk/comments/nwyj77/elliot_waves_and_gme_why_im_jacked_to_infinity/) + +&nbsp; + + + +[u/squidja with Elliott Waves explained LINK](https://www.reddit.com/r/Superstonk/comments/nz8k6w/fibonacci_retracement_a_supplemental_elliot_wave/?ref=share&ref_source=link) + +&nbsp; + +Here is Exponential Floor guy. [u/JTH1 LINK](https://old.reddit.com/r/Superstonk/comments/nwwy5x/0610_update_broke_the_logfloor_by_1_5_in_linear) + +Here is ajquicks take on it. [u/ajquick](https://old.reddit.com/r/Superstonk/comments/nynxtq/recalculating_the_exponential_floor_equation/) + +&nbsp; + + +So all the above links cover a lot, but why are people so jacked right now, didn't GME allegedly already do 2 offerings, diluting the share pool and delaying the squeeze / potentially stop it from reaching a higher high? +Remember they are not in debt and 1-1.5bil cash in the coffers is a great thing to have! + +&nbsp; + + +On this sub, people don't like to talk about dates. But I used the dates link here [u/Ginger_Libra LINK](https://old.reddit.com/r/Superstonk/comments/nxu1ck/lets_talk_datesthe_last_few_weeks_of_june_are/) to understand what is potentially happening in the future, and why it could be important by doing DD around the subject. (reading wrinkled apes DD on this sub.) + +&nbsp; + + +In "House of Cards" it touched on the fact we don't actually own our shares, but with a block chain you would. Also it highlighted the issues around conflict of interest around the fact that DTC board members are members / top guns of big hedge funds etc etc. Why is this a problem? Well technically they self regulate themselves. People are really hoping for this DTC rule to finally be re-implemented [u/SpinCharm LINK](https://old.reddit.com/r/Superstonk/comments/ntg2ya/dtc2021005_is_supposed_to_be_the_regulatory/) + +&nbsp; + + + +**So why are people hyped around July 14th?** + +&nbsp; + +Potential for a blockchain dividend. Also describes what an NFT is. +[u/integ3r_p0sitron LINK](https://old.reddit.com/r/Superstonk/comments/nmd7cr/the_guaranteed_short_squeeze_trigger_the/) + +&nbsp; + +**What’s an exit strategy?** + + +&nbsp; + +[u/gherkinit exit strategy DD](https://old.reddit.com/r/Superstonk/comments/nogxnr/infinity_war_the_final_exit_dd_compilation/) + + +&nbsp; + + +**So once you have gained some wrinkles, take a look at these more in depth DDs** + +&nbsp; + + +[u/Blanderson_Snooper GME Master Guide campaign / compilation] (https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/) + +&nbsp; + + + +[3 Part - Where are the shares??](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/) + +&nbsp; + + +**As suggested by other users, then visit these users profile and go through their DD’s** + +&nbsp; + +[u/Buttfarm69 LINK](https://www.reddit.com/user/ButtFarm69) + +&nbsp; + + +[u/HomeDepotHank69](https://www.reddit.com/user/HomeDepotHank69) + +&nbsp; + + +**Lastly, if you truly are a new ape, you need to know who DeepFuckingValue is, commonly referred to as DFV, the meme overlord and the original wrinkled brain who saw what could happen to GME** + +&nbsp; + + + +[u/DeepFuckingValue LINK](https://www.reddit.com/user/DeepFuckingValue) + +&nbsp; + + + +**NEED TO INSERT HERE WHY BUYING AND HOLDING IS THE BEST STRATEGY. SIMPLIFIED, SHORT YET ON POINT. PLEASE LEAVE A COMMENT WITH A LINK OR DD <3** + +&nbsp; + + +**Adding in suggestions** + +&nbsp; + + +[u/Pop-Tart_Rabies_MonkA lot of advice recently around passive income through ETFs etc - this says no](https://www.reddit.com/r/Superstonk/comments/ny9rxv/beware_of_passive_investing_index_funds_and_etfs/?utm_medium=android_app&utm_source=share) + + +&nbsp; + +There are 100’s of other DDs on this sub, once you have read everything above just use the search function for the sub and use terms you would like to delve deeper into. For example “options” “Junk bonds” “Reverse Repo” to name a few. + +&nbsp; + + + + +I do not take credit for any of the DD's above, I'm just posting the above to help other apes who have no wrinkles and give them some guidance on where to start. + +&nbsp; + + + +Love what you apes have done here, keep it up! + +&nbsp; + + + +“But what if you / they are wrong? What if the price crashes even more” + +&nbsp; + + + +**TL;DR I buy more, and hodl. My own opinion is this is one of the best long plays currently on the market. Once you have completed your own DD, make your own decision, it will then give you the confidence to hold the dips, and ride the rips.** + +&nbsp; + + + +GameStop is already established with its brick and mortar setup, and recently it effortlessly released same day delivery because of it’s established “network” of stores. The biggest problem a new brand has is advertising and getting its name out there. Everyone knows who GameStop is now because of this whole saga. They are debt free, already have, or soon will have, over 1 billion in cash in the coffers, and they have a chairman and a team of some of the best minds in the business. If anyone can do the impossible and turn this business around by tapping into the billion dollar gaming industry, manage to pull off reselling of digital games, become a wholesaler for the PC market, reignite the golden age of LAN party-esque nostalgia AND become the top company in the industry, it’s these guys! + +&nbsp; + + + +Even if there is no squeeze and they pull fuckery of the likes we have never seen before, what they are doing with the company is my safety net. + + +&nbsp; + + +And lastly, there is a lot of talk and DD around an impending crash / financial crisis looming. It is all speculation at the moment, but take the time to look into it. Better to be prepared for the worst scenario, than caught out like mr Kenny G. + +&nbsp; + + + +Wow this is really blowing up!! Thank you, and glad it will help some. Gone back through and given credit to those that provided the DD. + +I have removed some *items* to change the narrative. +Sounds insane I get it. But everywhere we turn now the message is “bubble!! We’re at the top of housing prices, look out below!” + + +Hear me out for a minute. + +Rates are rising fast, which should in theory take buyers out of the market which in theory should give listings more days on market driving prices down. + +This is a scenario that is possible. + +But here is my +bull case scenario that I believe to be more likely. + +Imagine if high rates create even lower inventory? For example say you want to sell your home and move to another home. You run the numbers and it makes no sense, your locked in now at 3%! And with low supply you don’t want to go out and hunt for a home. Boom you just hurt the supply problem. + +Low inventory begets even lower inventory, and now with higher rates it spirals down even faster. Sure we should see a bump in inventory spring/summer as always but will be interesting to see if inventory remains flat or even falls in the hot season. + +Ultra low inventory will drive prices up, low inventory in any commodity market is a very strong tail wind that can blast thru most any headwind. Headwinds could be recession/high rates/war etc. Housing is a basic supply/demand commodity. + +I am very bullish on starter homes especially. Homes that are still selling for under replacement cost. And with materials/labor sky rocketing past few years these homes are even more desirable. Builders are not putting out 1000-1500 sqft 3 beds for $200k. The starter home market has no competition, it is a commodity that they will likely never make more of. + +I’m still buying! +Dear Apes, + +After tonight's new "DD" about the "Updated MOASS" TA and selling the VWAP, I feel obligated to post this. + +I posted a comment thanking Warden immediately after reading his DD. I thought that the use of VWAP as a technical indicator to sell during the MOASS was spot-on. After re-reading the post, and getting downvoted to hell just for defending myself...I popped into his Discord. + +Here is Warden calling out SuperStonk members as "idiots" and saying that Ryan Cohen cannot possibly pilot this stonk into the heavens. + +&#x200B; + +https://preview.redd.it/o91661uzydz61.png?width=2200&format=png&auto=webp&s=8471c9a42acfdb77d4c626207f4de99446841389 + +There are thousands of people that watch Warden's streams and donate to him. People lurk in his Discord and praise him all the time. I think he does have some excellent knowledge about trading. + +However: people have pooled their life savings into this stonk. There are homeless hodlers out there. There are XXXXX holders, all the way down to fractional hodlers. In this chat, you can see the mood. People making fun of fractional hodlers. It's all FUD...and it's bad for ya. + +I'm choosing to post this, as I feel it's necessary. I believe that Warden has some explaining to do. + +Edit 1: Now I'm getting disgusted. This post was temporarily removed at the same time as Warden suddenly posted his own stickied response to the thread. So he gets to remove the post temporarily as a mod? Is this for real? Here is a screenshot of the sticky immediately followed by an Ape telling me the post was removed and then it's right back like magic! + +&#x200B; + +https://preview.redd.it/rdtunite6ez61.png?width=2348&format=png&auto=webp&s=64cc48ff4f51ee8ef4721e25a46626e3f38f98f4 + +https://preview.redd.it/u9g0sypc6ez61.png?width=1784&format=png&auto=webp&s=d3c054f7371430a97248430b0aa3b1988407f63a + +EDIT 2: 11:53 PM EST: + +Mods have revoked Warden's mod privileges temporarily. He also now appears to be resigning per u/redchessqueen99's Twitter. + +&#x200B; + +https://preview.redd.it/brjwitxwnez61.png?width=1496&format=png&auto=webp&s=2ab15c68d3950b0c54734a97409a944e41c4fa78 + +Edit 3: I'm getting alot of requests to link to the original DD that Warden posted. The DD has been removed from this sub but has been archived. The original post is what started this whole mess. + +[https://www.removeddit.com/r/Superstonk/comments/ndc1rc/selling\_on\_the\_way\_down\_a\_definitive\_dd\_on/](https://www.removeddit.com/r/Superstonk/comments/ndc1rc/selling_on_the_way_down_a_definitive_dd_on/) + +&#x200B; + +Edit 4: It's 1:37 AM and he's still going in his Discord Channel. + +&#x200B; + +https://preview.redd.it/up7bybxb6fz61.png?width=3549&format=png&auto=webp&s=066dbd92342d4fea51c4eed8d96617ef53c6d5d1 + +https://preview.redd.it/dpar3dde6fz61.png?width=3065&format=png&auto=webp&s=ee91f1f3b73f4fe5bb3289cc418009fd49b025a3 + +[Warden seems completely unphased by the fact that he just let down 200k plus Apes. He's in his channel answering questions as if nothing happened. ](https://preview.redd.it/uirwiofh6fz61.png?width=2756&format=png&auto=webp&s=6a850c0c880b8471814f277edd1daf34c24d4f95) + +&#x200B; +I guess this sounds a lot like stocks, but I'm just curious if such things exist where a bunch of investors pool money together and manage a bunch of rentals across the country. +In the last two years I’ve become too obsessed with retirement. My wife (48) and I (46) both work in high stress finance jobs. I help people plan for retirement every day so it’s hard for me not to think about my own plan yet I find it distracting. We should be able to retire somewhere around 55-57, which would include covering two kids college. We both make a lot more than we ever have and are aggressively saving. But I feel like I spend hours each day walking around saying “just 10 more years” in my head and probably out loud sometimes. I have three numbers I keep repeating that represent a retirement where we’d have to pay attention to spending, one where we wouldn’t need to pay attention to spending, and one where we really wouldn’t have to pay attention. + +This is more of a rant but I worry that my obsession with retiring at 55/56 is diminishing some of my enjoyment in my 40s. Anyone ever go through the same thing? + +I’m embarrassed at how much money has come to rule my life. Maybe that’s a byproduct of working in finance. IDK, but it’s constantly there. +Hey, + +I am looking into getting into some good ETF's. I essentially honestly just want to stick to 2-3 ETF's as a life time investment. So I am looking for something that has good growth and also pays dividends if its worth it. + +Anyone know of 2 good ETFs that I can just set and forget? I will be DCA into these every 2 weeks. + +So far I keep seeing VFV and XEQT +The Binance Smart Chain is, in melodramatic terms, a battle of good and evil, a state of existence in which the forces of transparency, safety, and security are locked in a righteous conflict with the discordant and often fraudulent conditions that thrive on the chain. How many BSC rugpulls have you heard of? How many times have you been rugged yourself? + +&#x200B; + +Everyone loves IDOs. It's human nature. To get in as early as possible to a promising coin is an exciting venture, a blood-pumping, heart-throbbing rollercoaster ride of perpetual green-candling as the token explodes from its launch price. You sit at your screen, eyes glazed over with hysterical elation, unblinking as you stare at the chart, your mind spinning a thousand miles a minute wondering which color paint job to get on your new Aston Martin. + +&#x200B; + +To reiterate, everyone loves IDOs…..including scammers. IDOs are ripe with fraud, as the absence of any token performance and (often) the lack of team history results in investors essentially throwing their money at a relatively unknown entity that may simply take it from them and disappear, regardless of the buy-side research implemented to prevent such a thing. + +&#x200B; + +A natural problem presents itself, the aforementioned fraudulent forces who seek to profit from the suffering of others in a righteous clash with the otherwise lucrative and thrilling IDO environment. Right now, the latter is winning. + +&#x200B; + +HARK! There comes a rider in the distance, a harbinger of justice with the sun at his back, cresting the distant hill, thundering towards the BSC battlefield to bolster the ranks of good safety…. + +&#x200B; + +VEST explodes into battle, it's broadsword of rugpull justice crashing down over the helms of its enemies. The IDO army rejoices. They ask, “WHO IS THIS BRAVE WARRIOR, THIS GALLANT HERALD OF INTEGRITY?” + +&#x200B; + +He is VEST token, an in-house utility integration from the renowned BSCstarter launchpad. + +&#x200B; + +VEST is the first unlimited use token and liquidity locking service on the BSC. It will automatically be used for all BSCstarter IDOs. VEST does not have to find clients--it already has a whole suite of them, an essentially endless supply of coins, ready to use its liquidity locking and vesting services. In fact, there is already $2M TVL, and it is in use by Starter, Verum Protocol, Jumble Cash, Mercor and BSCCROP. + +&#x200B; + +VEST isn't another meme fork. It fills a gaping whole in the current BSC environment. All liquidity locking and vesting information is publicly displayed--when investors do research on a coin, they will herd around the VEST interface, a one-stop shop to ensure that their potential investment is safe. + +&#x200B; + +Again, think of how many times you have seen or been involved in a rugpull. Remember the feeling, the pit in your stomach. Now think about a user friendly, public interface that will let you see if a project has an appropriate liquidity locking and vesting schedule. Think about the token that makes this possible, VEST, and how it will not be used just on BSC, but on multiple chains. + +&#x200B; + +Think about getting into the presale for this token. + +&#x200B;